Ballet Next Inc
- Assets
- $42.1k
- Revenue
- $93.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Park City, UT
- Founding
- 11/2012
- Data as of
- 06/2021
- EIN
- 45-3508749
Organization Overview
Ballet Next Inc is located in Park City, UT. The organization was established in 2012. According to its NTEE Classification (A63) the organization is classified as: Ballet, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ballet Next Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Ballet Next Inc generated $93.9k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $54.0k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (19.7%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE TEACHING AND PERFORMANCE OF BALLET TO THE GENERAL PUBLIC
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TEACHING AND PERFORMANCE OF BALLET TO THE GENERAL PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Mccullough Chairman | Officer | 0 | $0 |
Michele Wiles Artistic Direct | Trustee | 0 | $0 |
John W James Jr Director | Trustee | 0 | $0 |
Dordy Jourdain Director | Trustee | 0 | $0 |
Kristen Pothier Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $72,158 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $76,158 |
| Total Program Service Revenue | $4,100 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $93,936 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $20,681 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,523 |
| Advertising and promotion | $0 |
| Office expenses | $970 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $54,034 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,104 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $42,104 |
| Accounts payable and accrued expenses | $2,000 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $21,271 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $21,000 |
| Total liabilities | $44,271 |
| Net assets without donor restrictions | -$2,167 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $42,104 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ballet Next Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Colorado Ballet Company Denver, CO | $10,776,318 | $9,808,216 |
Ballet Arizona Phoenix, AZ | $11,465,321 | $6,255,701 |
Ballet Idaho Inc Boise, ID | $2,692,364 | $2,968,951 |
Aspen Santa Fe Ballet Aspen, CO | $7,448,531 | $3,007,327 |
Wonderbound Denver, CO | $4,425,325 | $2,413,096 |
The Boulder Ballet Boulder, CO | $335,966 | $1,043,375 |
Onstage Ogden Ogden, UT | $1,179,018 | $1,295,415 |
Ballet Sun Valley Inc Sun Valley, ID | $449,442 | $1,037,010 |
Canyon Concert Ballet Fort Collins, CO | $1,019,646 | $1,158,468 |
Ballet Etudes Gilbert, AZ | $223,402 | $696,367 |
Tucson Regional Ballet Inc Tucson, AZ | $56,589 | $312,923 |
Utah Regional Ballet A Non Profit Public Benefit Corporation Lindon, UT | $68,047 | $556,244 |