Maryland Youth Ballet Inc
- Assets
- $1.5m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 73
- Location
- Silver Spring, MD
- Founding
- 07/1973
- Data as of
- 08/2020
- EIN
- 52-0943959
Organization Overview
Maryland Youth Ballet Inc is located in Silver Spring, MD. The organization was established in 1973. 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 08/2021, Maryland Youth Ballet Inc employed 73 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maryland Youth 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 08/2020, Maryland Youth Ballet Inc generated $2.0m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $2.3m during the year ending 08/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE THE HIGHEST CALIBER OF TRAINING AND PERFORMANCE OPPORTUNITIES TO PREPARE YOUNG DANCERS FOR A CAREER IN THE PERFORMING ARTS AS WELL AS TO PROVIDE CLASSES TO DANCERS OF ALL AGES AND LEVELS IN THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR PROGRAM IS TO TRAIN DANCERS AND PRESENT THEM IN PERFORMANCES AS PART OF THEIR TRAINING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
A Jenkins Executive Director | OfficerTrustee | 40 | $46,667 |
A St John Board Member | Trustee | 1 | $20,000 |
S Kagen Board Member | Trustee | 1 | $4,538 |
J Crosby Treasurer | OfficerTrustee | 1 | $0 |
D Kelly Secretary | OfficerTrustee | 1 | $0 |
N Marzulla President | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $382,435 |
| Investment income | $2,282 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,799 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $28,670 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $20,995 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,049,323 |
| Statement of Expenses | |
|---|---|
| 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. | $70,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,334,929 |
| Pension plan accruals and contributions | $22,793 |
| Other employee benefits | $0 |
| Payroll taxes | $108,691 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $49,644 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $22,438 |
| Office expenses | $20,464 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $347,476 |
| Travel | $0 |
| 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 | $35,818 |
| Insurance | $16,031 |
| All other expenses | $0 |
| Total functional expenses | $2,261,227 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,210,208 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $134,183 |
| 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 | $6,826 |
| Prepaid expenses and deferred charges | $6,679 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $83,687 |
| Total assets | $1,538,079 |
| Accounts payable and accrued expenses | $66,635 |
| Grants payable | $0 |
| Deferred revenue | $427,699 |
| 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 | $371,600 |
| Other liabilities | $107,559 |
| Total liabilities | $973,493 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $564,586 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Maryland Youth Ballet Inc has recieved totaling $160,714.
| Awarding Organization | Amount |
|---|---|
Arts And Humanities Council Of Montgomery County In Silver Spring, MD PURPOSE: GENERAL OPERATING SUPPORT | $134,230 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $21,200 |
Pew Charitable Trusts Washington, DC PURPOSE: Matching Gift | $5,132 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $152 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pittsburgh Ballet Theatre Inc Pittsburgh, PA | $29,203,539 | $16,154,254 |
Pennsylvania Ballet Association Philadelphia, PA | $31,402,587 | $18,957,678 |
Washington Ballet Washington, DC | $7,153,807 | $8,999,163 |
Richmond Ballet Inc Richmond, VA | $9,343,909 | $5,961,250 |
Maryland Youth Ballet Inc Silver Spring, MD | $1,538,079 | $2,049,323 |
Central Pa Youth Ballet Carlisle, PA | $5,952,312 | $2,863,907 |
Dancemakers Inc Lanham, MD | $310,676 | $1,678,634 |
Charlottesville Ballet Charlottesville, VA | $1,147,365 | $1,342,432 |
The Ballet Theatre Of Maryland Incorporated Annapolis, MD | $381,831 | $1,071,898 |
Attack Theatre Incorporated Pittsburgh, PA | $923,327 | $900,550 |
First State Ballet Theatre Inc Wilmington, DE | $879,591 | $1,031,345 |
Virginia Ballet Company And School Fairfax, VA | $330,622 | $658,444 |