The Ballet Theatre Of Maryland Incorporated
- Assets
- $381.8k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 50
- Location
- Annapolis, MD
- Founding
- 01/1991
- Data as of
- 06/2022
- EIN
- 52-1151372
Organization Overview
The Ballet Theatre Of Maryland Incorporated is located in Annapolis, MD. The organization was established in 1991. 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 06/2022, Ballet Theatre Of Maryland Incorporated employed 50 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ballet Theatre Of Maryland Incorporated 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 06/2022, Ballet Theatre Of Maryland Incorporated generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $932.2k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE INTEREST IN AND ENJOYMENT OF DANCE ARTS BY PROVIDING DANCERS AN OPPORTUNITY TO STUDY AND PERFORM; BY PROVIDING CHOREOGRAPHERS AN OUTLET FOR CREATIVE EXPRESSION AND TRAINING; BY PROVIDING QUALITY ENTERTAINMENT AND EDUCATION IN THE FIELD OF DANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE DANCERS WITH OPPORTUNITIES TO PERFORM
PROVIDE EDUCATIONAL OPPORTUNITIES IN THE FIELD OF DANCE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicole Kelsh Artistic Director | 40 | $57,750 | |
Robert Sutton Treasurer | OfficerTrustee | 2 | $0 |
Edward Atsinger President | OfficerTrustee | 2 | $0 |
Katlynn Ray Secretary | OfficerTrustee | 2 | $0 |
Carl Seitz Director | Trustee | 2 | $0 |
Nate Halverson Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $464,283 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $464,283 |
| Total Program Service Revenue | $602,374 |
| 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 | $5,241 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,071,898 |
| 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. | $40,893 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $362,622 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $10,571 |
| Payroll taxes | $43,308 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $10,360 |
| Advertising and promotion | $35,314 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $168,014 |
| Travel | $5,792 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $150 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,755 |
| Insurance | $11,053 |
| All other expenses | $62,717 |
| Total functional expenses | $932,168 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $240,804 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $10,000 |
| Accounts receivable, net | $15,372 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $100,702 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,953 |
| Total assets | $381,831 |
| Accounts payable and accrued expenses | $41,893 |
| Grants payable | $0 |
| Deferred revenue | $13,618 |
| 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 | $0 |
| Other liabilities | $84 |
| Total liabilities | $55,595 |
| Net assets without donor restrictions | $306,236 |
| Net assets with donor restrictions | $20,000 |
| 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 | $381,831 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that The Ballet Theatre Of Maryland Incorporated has recieved totaling $23,539.
| Awarding Organization | Amount |
|---|---|
Arts Council Of Anne Arundel County Inc Annapolis, MD PURPOSE: ARTS EDUCATION DEVELOPMENT | $23,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $539 |
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 |