Richmond Ballet Inc, operating under the name Richmond Ballet, is located in Richmond, VA. The organization was established in 1960. 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 06/2024, Richmond Ballet employed 161 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Richmond 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 06/2024, Richmond Ballet generated $8.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $7.3m during the year ending 06/2024. While expenses have increased by 0.5% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
RICHMOND BALLET AWAKENS, UPLIFTS, AND UNITES HUMAN SPIRITS THROUGH THE POWER OF DANCE. DEDICATED TO THE EVOLUTION OF BALLET AS A VERSATILE LANGUAGE OF MOVEMENT THAT CROSSES NATIONAL AND CULTURAL BOUNDARIES, WE SEEK TO DRAW AN EVER BROADER RANGE OF ARTISTS, STUDENTS, AND AUDIENCES TO EXPERIENCE THE MAGIC OF DANCE THROUGH INSPIRING PERFORMANCES, OUTSTANDING TRAINING, AND MEANINGFUL COMMUNITY ENGAGEMENT.
Describe the Organization's Program Activity:
PROFESSIONAL COMPANY PERFORMANCES - RICHMOND BALLET IS ONE OF VIRGINIA'S FINEST ART AND DANCE EDUCATION INSTITUTIONS AND HAS GAINED NATIONAL AND INTERNATIONAL ACCLAIM AS A PREMIER DANCE ORGANIZATION. NEARLY 40,000 PEOPLE IN AND AROUND THE RICHMOND, VA AREA JOINED RICHMOND BALLET FOR THREE REPERTORY PRODUCTIONS AS WELL AS FULL LENGTH PRODUCTIONS OF "CARMINA BURANA AND "THRIVE", "THE NUTCRACKER", AND "DRACULA." RICHMOND BALLET ALSO COMPLETED TOURS AND LECTURE DEMONSTRATIONS AT VARIOUS SCHOOLS AND LOCALITIES THROUGHOUT THE COMMONWEALTH OF VIRGINIA, INCLUDING VIRGINIA BEACH, REACHING ALMOST 25,000 STUDENTS AND OVER 4,000 COMMUNITY PATRONS.
DONTATION TO RBBC.
DANCE SCHOOL - THE SCHOOL OF RICHMOND BALLET OFFERS TRAINING IN A WIDE VARIETY OF DANCE FORMS, INCLUDING BALLET, MODERN, THEATER DANCE, AND CHARACTER. WITH NO AUDITION REQUIREMENT, ADMISSION TO THE SCHOOL IS INCLUSIVE. DANCE CLASSES ARE PROVIDED TO OVER 1,000 STUDENTS, AGES 4 TO ADULT, 7 DAYS A WEEK. THE SCHOOL ALSO PROVIDES ADVANCED TRAINING FOR QUALIFIED STUDENTS WHO PERFORM WITH THE BALLET'S PROFESSIONAL DANCE COMPANY. ABOUT $275,000 GIVEN IN FINANCIAL AID AND SCHOLARSHIPS HELPED OVER 100 STUDENTS PARTICIPATE IN DANCE CLASSES THIS YEAR.
MINDS IN MOTION (MIM) - MIM IS RICHMOND BALLET'S PRIMARY COMMUNITY ENGAGEMENT PROGRAM, REACHING ABOUT 1,000 CHILDREN FROM A RANGE OF SOCIOECONOMIC BACKGROUNDS. THIS IN-SCHOOL PROGRAM FEATURES AN ENGAGING, MOVEMENT-BASED CURRICULUM TAUGHT BY PROFESSIONAL TEACHING ARTISTS AND MUSICIANS IN SCHOOLS THROUGHOUT VIRGINIA. MIM STRIVES TO NURTURE SELF-CONFIDENCE IN STUDENTS AND ENDEAVORS TO CULTIVATE COMMUNICATION AND TEAMWORK SKILLS. TEACHING ARTISTS FOLLOW A CURRICULUM THAT GUIDES STUDENTS TOWARD MASTERY OF COMPLEX MOVEMENT, TIMING, AND CHOREOGRAPHY. THROUGH THE EXPERIENCE OF SUCCESSFUL GROUP LEARNING, STUDENTS PERCEIVE AND MODEL THE VALUE AND BENEFITS OF TEAMWORK AND RESPECTFUL COMMUNICATION. THE PROGRAM CONCLUDES WITH AN ORIGINAL PRODUCTION PRESENTED FOR A LIVE AUDIENCE, THEMED THIS YEAR AROUND EXPLORING THE EXTRAORDINARY RESOURCES OF THE CHESAPEAKE BAY, THE RELATIONSHIPS AND ECOSYSTEMS THAT EXIST IN IT, AND HOW WE CAN HELP PROTECT AND PRESERVE IT. APPROXIMATELY 50% OF PARTICIPANTS ATTEND A TITLE I SCHOOL OR A TUITION-FREE INDEPENDENT SCHOOL PRIMARILY SERVING LOW-INCOME STUDENTS. SINCE ITS INCEPTION, MIM REMAINS THE ONLY PROGRAM OF ITS KIND IN THE COMMONWEALTH OF VIRGINIA. OVER 700 STUDENTS FROM FIFTEEN PARTICIPATING SCHOOLS IN THE RICHMOND AREA CELEBRATED THEIR DANCE ACHIEVEMENTS IN A CULMINATING PERFORMANCE WITH OVER 3,500 PEERS, FAMILIES AND COMMUNITY MEMBERS IN THE AUDIENCE. THROUGH ITS RESIDENCY PROGRAM, MIM ALSO REACHED ANOTHER 125 STUDENTS AND 400 COMMUNITY MEMBERS IN PORTSMOUTH, VIRGINIA.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Margaret Clinard President | OfficerTrustee | 5 | $0 |
Selina Rainey Vice Pres. & Pres Elect | OfficerTrustee | 2 | $0 |
Tiffany B Armstrong Treasurer | OfficerTrustee | 2 | $0 |
Gaye Montgomery Secretary | OfficerTrustee | 2 | $0 |
Stoner Winslett Artistic Director | OfficerTrustee | 40 | $146,035 |
Brett Bonda Former Managing Director | OfficerTrustee | 40 | $112,885 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Cobalt Studios Inc Set Construction For New Production | 6/29/22 | $288,324 |
Richmond Symphony Live Orchestra | 6/29/22 | $170,104 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $303,536 |
Related organizations | $50,092 |
Government grants | $120,864 |
All other contributions, gifts, grants, and similar amounts not included above | $2,972,289 |
Noncash contributions included in lines 1a–1f | $241,970 |
Total Revenue from Contributions, Gifts, Grants & Similar | $3,446,781 |
Total Program Service Revenue | $4,315,995 |
Investment income | $218,901 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $10,434 |
Net Gain/Loss on Asset Sales | $56,719 |
Net Income from Fundraising Events | -$80,627 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $8,027,665 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $3,164 |
Grants and other assistance to domestic individuals. | $274,158 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $515,164 |
Compensation of current officers, directors, key employees. | $208,602 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $3,479,725 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $250,670 |
Payroll taxes | $283,772 |
Fees for services: Management | $0 |
Fees for services: Legal | $1,015 |
Fees for services: Accounting | $21,647 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $35,361 |
Fees for services: Other | $15,892 |
Advertising and promotion | $206,808 |
Office expenses | $67,549 |
Information technology | $58,011 |
Royalties | $45,957 |
Occupancy | $521,921 |
Travel | $132,203 |
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 | $253,497 |
Insurance | $43,713 |
All other expenses | $17,844 |
Total functional expenses | $7,341,419 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $559,612 |
Savings and temporary cash investments | $1,892,725 |
Pledges and grants receivable | $510,106 |
Accounts receivable, net | $35,369 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $25,214 |
Prepaid expenses and deferred charges | $154,666 |
Net Land, buildings, and equipment | $2,250,953 |
Investments—publicly traded securities | $6,673,019 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $1,964,602 |
Total assets | $14,066,266 |
Accounts payable and accrued expenses | $205,920 |
Grants payable | $0 |
Deferred revenue | $451,856 |
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 | $1,988,349 |
Total liabilities | $2,646,125 |
Net assets without donor restrictions | $7,749,337 |
Net assets with donor restrictions | $3,670,804 |
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 | $14,066,266 |