The Sarasota Cuban Ballet School Inc
- Assets
- $1.3m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 8
- Location
- Sarasota, FL
- Founding
- 02/2014
- Data as of
- 07/2023
- EIN
- 45-5074780
Organization Overview
The Sarasota Cuban Ballet School Inc is located in Sarasota, FL. The organization was established in 2014. According to its NTEE Classification (A62) the organization is classified as: Dance, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 07/2023, Sarasota Cuban Ballet School Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sarasota Cuban Ballet School 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 07/2023, Sarasota Cuban Ballet School Inc generated $1.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $931.4k during the year ending 07/2023. While expenses have increased by 7.8% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER GLOBAL UNDERSTANDING BY TRAINING A DIVERSE GROUP OF STUDENTS IN THE CUBAN BALLET STYLE, PROVIDING SCHOLARSHIPS TO TALENTED STUDENTS IN FINANCIAL NEED, OFFERING DIVERSITY IN CULTURAL PERFORMANCES IN OUR COMMUNITY, AND BRINGING EDUCATIONAL PROGRAMS AND PERFORMANCES TO SCHOOLS AND CIVIC ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A SUMMER INTENSIVE PROGRAM THAT BRINGS TOGETHER YOUNG PEOPLE FROM ALL OVER THE WORLD WHO HAVE THE TALENT AND DRIVE TO BECOME PROFESSIONAL DANCERS.
A FULL ARRAY OF DANCE CLASSES INCLUDING CREATIVE MOVEMENT FOR VERY YOUNG CHILDREN, BALLET FOR CHILDREN AGES SIX AND ABOVE, AND A PRE-PROFESSIONAL PROGRAM, PREPARING FOR OUR MOST SKILLED STUDENTS FOR A CAREER IN BALLET.
THE GULFCOAST STUDIO COMPANY WHICH STRIVES TO DEVELOP STRONG AND CONFIDENT DANCERS, GIVING THEM THE OPPORTUNITY TO EXPAND THEIR ARTISTIC DEVELOPMENT AND PERFORMANCE EXPERIENCE. THE GULFCOAST STUDIO COMPANY PROVIDES AN IMPORTANT BRIDGE FROM STUDENT TRAINING TO A PROFESSIONAL DANCE CAREER AND IT IS THE NEXT LEVEL UP IN PRE-PROFESSIONAL TRAINING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wilmian Hernandez Managing Director | Officer | 40 | $55,542 |
Ariel Serrano Artistic Director | Officer | 40 | $55,542 |
John Simon Chair | OfficerTrustee | 1 | $0 |
Clolita Vitale Vice-Chair | OfficerTrustee | 1 | $0 |
Peter Kretzmer Treasurer | OfficerTrustee | 2 | $0 |
Susan Romine Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $540,744 |
| Noncash contributions included in lines 1a–1f | $20,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $540,744 |
| Total Program Service Revenue | $452,268 |
| Investment income | $4,109 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,145 |
| 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 | $7,229 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,005,495 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $34,430 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $110,917 |
| Compensation of current officers, directors, key employees. | $33,275 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $285,447 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $25,214 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,887 |
| Advertising and promotion | $29,991 |
| Office expenses | $32,749 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $177,121 |
| Travel | $23,019 |
| 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 | $17,921 |
| Insurance | $9,954 |
| All other expenses | $1,136 |
| Total functional expenses | $931,388 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $90,107 |
| Savings and temporary cash investments | $253,192 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,926 |
| 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 | $77,097 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $897,877 |
| Total assets | $1,329,199 |
| Accounts payable and accrued expenses | $25,244 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $919,989 |
| Total liabilities | $945,233 |
| Net assets without donor restrictions | $343,966 |
| Net assets with donor restrictions | $40,000 |
| 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 | $1,329,199 |