Central Midwest Ballet Inc
- Assets
- $126.5k
- Revenue
- $304.7k
- Investments
- $0.0
- Employees
- 4
- Location
- Middleton, WI
- Founding
- 09/2015
- Data as of
- 06/2023
- EIN
- 47-4029115
Organization Overview
Central Midwest Ballet Inc is located in Middleton, WI. The organization was established in 2015. 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 06/2023, Central Midwest Ballet Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central Midwest Ballet 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 06/2023, Central Midwest Ballet Inc generated $304.7k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.2% each year . All expenses for the organization totaled $349.9k during the year ending 06/2023. While expenses have increased by 18.9% 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 OFFER OUR COMMUNITY EXCELLENCE IN DANCE PERFORMANCE AND TRAINING IN A POSITIVE ENVIRONMENT THAT HELPS OUR STUDENTS DEVELOP SELF-ESTEEM, POSITIVE SELF-IMAGE, AND LIFELONG HEALTH HABITS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DANCE CLASSES AND INSTRUCTION
DANCE PERFORMANCES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peg Luksik PHD President | OfficerTrustee | 15 | $0 |
Kim Nickel Secretary | OfficerTrustee | 5 | $0 |
Vincent Hartmann VP & Treasur | OfficerTrustee | 5 | $0 |
Alex Shima Director | Trustee | 2 | $0 |
Mindy Hensen Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,600 |
| All other contributions, gifts, grants, and similar amounts not included above | $17,126 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,726 |
| Total Program Service Revenue | $275,893 |
| Investment income | $821 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $3,912 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $304,716 |
| 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 | $138,913 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,238 |
| Payroll taxes | $11,081 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,561 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,894 |
| Advertising and promotion | $2,103 |
| Office expenses | $856 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $134,528 |
| Travel | $2,335 |
| 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 | $3,419 |
| Insurance | $1,956 |
| All other expenses | $3,938 |
| Total functional expenses | $349,924 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,740 |
| Savings and temporary cash investments | $74,594 |
| 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 | $10,259 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $25,421 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,438 |
| Total assets | $126,452 |
| Accounts payable and accrued expenses | $600 |
| 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 | $75,891 |
| Other liabilities | $0 |
| Total liabilities | $76,491 |
| Net assets without donor restrictions | $49,961 |
| 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 | $126,452 |