Ballets With A Twist Foundation
- Assets
- $4.2m
- Revenue
- $443.9k
- Investments
- $3.9m
- Employees
- 0
- Location
- New York, NY
- Founding
- 09/2014
- Data as of
- 12/2021
- EIN
- 46-5643684
Organization Overview
Ballets With A Twist Foundation is located in New York, NY. The organization was established in 2014. 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. Ballets With A Twist Foundation 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 12/2021, Ballets With A Twist Foundation generated $443.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (18.0%) each year. All expenses for the organization totaled $550.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION MADE QUALIFYING DISTRIBUTIONS THAT WERE DIRECTLY FOR THE ACTIVE CONDUCT OF THE ACTIVITIES CONSTITUTING ITS EXEMPT PURPOSE PRINCIPALLY IN EXPENSES RELATING TO BRINGING BALLET PERFORMANCES TO VARIOUS LOCATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Catherine Zehr Costume Designer | 40 | $72,000 | |
Leah D Gerstenlauer Admin | 40 | $61,293 | |
Marilyn Klaus Director, President & Treas | 40 | $0 | |
Lynn Walsh Director, Secretary | 2 | $0 | |
Stephen Gaboury Director, Vice President | 30 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $17,063 |
| Dividends & Interest | $67,689 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $359,180 |
| Capital Gain Net Income | $359,180 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $443,932 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $154,256 |
| Pension plans, employee benefits | $13,234 |
| Interest | $17 |
| Taxes | $9,344 |
| Depreciation | $2,037 |
| Occupancy | $86,679 |
| Travel, conferences, and meetings | $1,158 |
| Printing and publications | $0 |
| Other expenses | $158,652 |
| Total operating and administrative expenses | $550,119 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $550,119 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,848 |
| Savings and temporary cash investments | $127,250 |
| Net Accounts receivable | $8,639 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $65,845 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,825,442 |
| Net Land, buildings, and equipment | $5,326 |
| Other assets | $93,396 |
| Total assets | $4,192,998 |
| Accounts payable and accrued expenses | $145,647 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $42,029 |
| Total liabilities | $187,676 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New York City Ballet Inc New York, NY | $352,054,118 | $35,122,869 |
Ballet Theatre Foundation Inc New York, NY | $91,391,905 | $56,242,034 |
Boston Ballet Inc Boston, MA | $56,996,958 | $26,750,107 |
Pittsburgh Ballet Theatre Inc Pittsburgh, PA | $29,203,539 | $16,154,254 |
Pennsylvania Ballet Association Philadelphia, PA | $31,402,587 | $18,957,678 |
Dance Theatre Of Harlem Inc New York, NY | $25,291,917 | $7,150,839 |
Ballet Tech Foundation Inc New York, NY | $31,444,283 | $5,751,049 |
Princeton Ballet Society New Brunswick, NJ | $2,389,360 | $4,682,315 |
Youth America Grand Prix Inc New York, NY | $3,021,987 | $5,148,800 |
Central Pa Youth Ballet Carlisle, PA | $5,952,312 | $2,863,907 |
New Jersey Ballet Company Inc Florham Park, NJ | $1,730,612 | $1,894,921 |
American Friends Of Covent Garden The Royal Opera The Royal Ballet New York, NY | $957,784 | $1,833,201 |