First State Ballet Theatre Inc

Organization Overview

First State Ballet Theatre Inc is located in Wilmington, DE. The organization was established in 2000. 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 12/2021, First State Ballet Theatre Inc employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. First State Ballet Theatre 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 12/2021, First State Ballet Theatre Inc generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.0% each year . All expenses for the organization totaled $589.0k during the year ending 12/2021. While expenses have increased by 3.5% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PRESENT PROFESSIONAL BALLET PERFORMANCES TO AUDIENCES THROUGHOUT DELAWARE, TO PROVIDE SUPERB BALLET TRAINING AND PERFORMING OPPORTUNITIES TO ASPIRING DANCERS, AND TO EDUCATE THE DELAWARE DANCE AUDIENCE OF THE FUTURE.

Describe the Organization's Program Activity:

PERFORMANCES:NOW IN ITS 22ND SEASON, FIRST STATE BALLET THEATRE IS DELAWARE'S ONLY PROFESSIONAL BALLET COMPANY AND SERVES THOUSANDS OF DELAWAREANS EACH YEAR THROUGH OUR PERFORMANCES, OUR SCHOOL, AND OUR OUTREACH PROGRAMS. FSBT'S PERFORMING ARTISTS COME FROM AROUND THE WORLD TO DANCE IN OUR MAINSTAGE SEASON AT THE GRAND OPERA HOUSE AND OTHER PERFORMANCES STATEWIDE.


EDUCATION, TRAINING AND OUTREACH:THE SCHOOL OF FSBT IS DELAWARE'S LEADER IN CLASSICAL BALLET TRAINING AND BRINGS INTERNATIONALLY-RECOGNIZED ARTISTS TO DELAWARE TO TEACH EACH YEAR AT OUR SUMMER PROGRAMS. IN 2019, FSBT CREATED THE NATIONAL BALLET COMPETITION, WHICH AWARDS THOUSANDS OF DOLLARS IN SCHOLARSHIPS FOR ASPIRING DANCERS TO PRESTIGIOUS SUMMER PROGRAMS AROUND THE COUNTRY. FSBT'S OUTREACH PROGRAMS SERVE THOUSANDS OF DELAWAREANS WITH LOW-COST OR FREE DANCE INSTRUCTION AND LECTURE-DEMOS IN SCHOOLS AND COMMUNITY CENTERS STATEWIDE.


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Board, Officers & Key Employees

Name (title)Compensation
Kristina Kambalov
Executive Director, Ex Off
$56,680
Pasha Kambalov
Artistic Director, Ex Offi
$55,000
Frank O'bara
President
$0
Debra Horak
Treasurer
$0
Michele Hunter
Vice President
$0
Karyn Lamb
Secretary
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $527,344
All other contributions, gifts, grants, and similar amounts not included above$105,883
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$633,227
Total Program Service Revenue$337,708
Investment income $103
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $2,884
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,031,345

Grants Recieved

Over the last fiscal year, we have identified 3 grants that First State Ballet Theatre Inc has recieved totaling $3,047.

Awarding OrganizationAmount
Rencourt Foundation Inc

Wilmington, DE

PURPOSE: RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY OR EDUCATION

$2,000
Jp Morgan Chase Foundation

New York, NY

PURPOSE: GENERAL OPERATING SUPPORT

$900
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$147
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$16,999
Net Contributions$50,000
Other Expense$8,746
Ending Balance$58,253

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