Ballet Five Eight Nfp
- Assets
- $257.2k
- Revenue
- $984.0k
- Investments
- $0.0
- Employees
- 48
- Location
- Orland Park, IL
- Founding
- 10/2012
- Data as of
- 05/2024
- EIN
- 45-5395602
Organization Overview
Ballet Five Eight Nfp is located in Orland Park, IL. 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. As of 05/2024, Ballet Five Eight Nfp employed 48 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ballet Five Eight Nfp 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 05/2024, Ballet Five Eight Nfp generated $984.0k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 12.8% each year . All expenses for the organization totaled $1.2m during the year ending 05/2024. While expenses have increased by 15.1% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF BALLET 5:8 IS TO ENGAGE COMMUNITIES IN CHICAGO, THE MIDWEST AND ACROSS THE NATION IN CONVERSATION OF LIFE AND FAITH THROUGH INNOVATIVE STORYTELLING AND BREATHTAKING DANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOOL OF BALLET 5:8 PRE-PROFESSIONAL AND RECREATIONAL TRAINING PROGRAMS - SERVED OVER 400 STUDENTS AGES THREE THROUGH ADULT WITH ACCESSIBLE DANCE EDUCATION AND HIGH QUALITY PROFESSIONAL BALLET TRAINING AT THREE AREA CAMPUSES. SCHOOL OF THE ARTS FULL LENGTH PRODUCTIONS AND SHOWCASES FOR RECREATIONAL PROGRAMS.
PROFESSIONAL COMPANY PERFORMANCES FOR OVER 15,000 GUESTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julianna Rubio Slager Artistic Director | Officer | 40 | $41,423 |
Jeremy Slager Executive Director | Officer | 40 | $30,259 |
Cynthia Newland President | OfficerTrustee | 1 | $0 |
Caitlin Weutrich Treasurer | OfficerTrustee | 1 | $0 |
Mia Otto Secretary | OfficerTrustee | 1 | $0 |
Kason Hanson Director | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $11,799 |
| Related organizations | $0 |
| Government grants | $21,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $193,835 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $226,634 |
| Total Program Service Revenue | $748,592 |
| 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 | $6,142 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $984,039 |
| 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. | $88,461 |
| Compensation of current officers, directors, key employees. | $44,231 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $450,609 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $21,266 |
| Payroll taxes | $40,272 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,435 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $56,055 |
| Advertising and promotion | $48,376 |
| Office expenses | $44,478 |
| Information technology | $17,888 |
| Royalties | $100 |
| Occupancy | $169,436 |
| Travel | $11,278 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $54,392 |
| Interest | $6,336 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,726 |
| Insurance | $11,875 |
| All other expenses | $0 |
| Total functional expenses | $1,155,922 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $142,473 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,404 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $11,920 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $71,096 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,263 |
| Total assets | $257,156 |
| Accounts payable and accrued expenses | $231,163 |
| Grants payable | $0 |
| Deferred revenue | $7,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $45,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $283,163 |
| Net assets without donor restrictions | -$26,007 |
| 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 | $257,156 |