Mississippi Metropolitan Ballet
- Assets
- $150.0k
- Revenue
- $397.7k
- Investments
- $0.0
- Employees
- 3
- Location
- Madison, MS
- Founding
- 12/1998
- Data as of
- 07/2022
- EIN
- 52-2082130
Organization Overview
Mississippi Metropolitan Ballet is located in Madison, MS. The organization was established in 1998. 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 07/2022, Mississippi Metropolitan Ballet employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mississippi Metropolitan Ballet 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 07/2022, Mississippi Metropolitan Ballet generated $397.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $322.4k during the year ending 07/2022. While expenses have increased by 2.6% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ENCOURAGE ARTISTIC DANCE (BALLET)
Describe the Organization's Program Activity:
Part 3 - Line 4a
PERFORMED BALLETS IN CENTRAL MISSISSIPPI
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Beasley Artistic Director | Officer | 35 | $46,717 |
Janet Shearer Executive Director | Officer | 25 | $28,290 |
Crystal Skelton Artistic Associate | Officer | 10 | $15,798 |
Dale Shearer President | OfficerTrustee | 1 | $0 |
Hazel Mccaughan Secretary | OfficerTrustee | 1 | $0 |
Jordan Richter Treasurer | OfficerTrustee | 1 | $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 | $96,797 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $96,797 |
| Total Program Service Revenue | $261,618 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $397,736 |
| 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. | $100,657 |
| Compensation of current officers, directors, key employees. | $34,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,650 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,020 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $53,484 |
| Advertising and promotion | $22,417 |
| Office expenses | $6,663 |
| Information technology | $1,626 |
| Royalties | $0 |
| Occupancy | $43,174 |
| Travel | $6,183 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,556 |
| Interest | $94 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,555 |
| All other expenses | $70,342 |
| Total functional expenses | $322,421 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $146,934 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,028 |
| Total assets | $149,962 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Other liabilities | $1,273 |
| Total liabilities | $1,273 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $148,689 |
| Total liabilities and net assets/fund balances | $149,962 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Mississippi Metropolitan Ballet has recieved totaling $2,541.
| Awarding Organization | Amount |
|---|---|
Larry And Michael Johnson Family Foundation Flowood, MS PURPOSE: SUPPORT PURPOSE OF ORGANIZATION | $2,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $41 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nashville Ballet Nashville, TN | $11,017,137 | $5,073,621 |
Ballet Memphis Corporation Memphis, TN | $34,630,248 | $4,251,856 |
State Of Alabama Ballet Inc Birmingham, AL | $2,991,745 | $2,506,530 |
Ballet Magnificat Jackson, MS | $1,863,123 | $2,272,042 |
Community Ballet Association Of Huntsville Inc Huntsville, AL | $1,447,227 | $996,660 |
Childrens Dance Foundation Birmingham, AL | $1,505,653 | $943,891 |
Mobile Ballet Inc Mobile, AL | $569,537 | $724,852 |
Baton Rouge Ballet Theatre Inc Baton Rouge, LA | $649,892 | $706,281 |
Ballet Arkansas Little Rock, AR | $727,300 | $993,614 |
Usa International Ballet Competition Jackson, MS | $1,283,978 | $483,831 |
New Orleans Ballet Inc New Orleans, LA | $1,333,668 | $918,258 |
Ballet Mississippi Inc Jackson, MS | $362,095 | $387,686 |