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 06/2022, Richmond Ballet employed 152 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 06/2021, Richmond Ballet generated $6.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.3%) each year. All expenses for the organization totaled $4.3m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (5.7%) per year over the past 7 years. 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
2021
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:
Part 3 - Line 4a
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. APPROXIMATELY 30,000 PEOPLE IN AND AROUND THE RICHMOND, VA AREA JOINED RICHMOND BALLET FOR FOUR REPERTORY PRODUCTIONS AS WELL AS FULL LENGTH PRODUCTIONS OF "THE NUTCRACKER AND "ROMEO AND JULIET." RICHMOND BALLET ALSO COMPLETED TOURS AND VIRTUAL LECTURE DEMONSTRATIONS AT VARIOUS SCHOOLS AND LOCALITIES THROUGHOUT THE COMMONWEALTH OF VIRGINIA, INCLUDING VIRGINIA BEACH, REACHING OVER 30,000 STUDENTS AND 1,000 COMMUNITY PATRONS.
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 ALMOST 900 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. OVER $235,000 GIVEN IN FINANCIAL AID AND SCHOLARSHIPS HELPED NEARLY 100 STUDENTS PARTICIPATE IN DANCE CLASSES THIS YEAR, WITH APPROXIMATELY $50,000 OF THIS FUNDING ASSISTING BIPOC DANCERS.
MINDS IN MOTION (MIM) - MIM IS RICHMOND BALLET'S PRIMARY COMMUNITY ENGAGEMENT PROGRAM, TYPICALLY REACHING NEARLY 2,000 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 AND ISRAEL. 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 RESILIENCE AND COMMUNITY BUILDING. APPROXIMATELY 50% OF PARTICIPANTS ATTEND A TITLE I SCHOOL. SINCE ITS INCEPTION, MIM REMAINS THE ONLY PROGRAM OF ITS KIND IN THE COMMONWEALTH OF VIRGINIA. IN ALL, TWENTY-TWO CULMINATING PERFORMANCES TOOK PLACE AT THE FOURTEEN PARTICIPATING SCHOOLS IN THE RICHMOND AREA, AND NEARLY 4,000 PEERS, FAMILIES, AND COMMUNITY MEMBERS CELEBRATED THE STUDENTS' DANCE ACHIEVEMENTS. THROUGH ITS RESIDENCY PROGRAM, MIM ALSO REACHED ANOTHER 450 STUDENTS AND COMMUNITY MEMBERS IN ISRAEL AND OTHER PARTS OF VIRGINIA.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Stoner Winslett Artistic Director | OfficerTrustee | 40 | $139,473 |
Brett Bonda Managing Director | OfficerTrustee | 40 | $108,014 |
Michelle Muller Chief Financial Officer | Officer | 40 | $80,855 |
Kathleen Maccio Holman Chairman | OfficerTrustee | 5 | $0 |
David R Beran Past President | OfficerTrustee | 5 | $0 |
Margaret H Clinard President | OfficerTrustee | 5 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Richmond Symphony Live Orchestra | 6/29/22 | $170,104 |
Cobalt Studios Inc Set Construction For New Production | 6/29/22 | $288,324 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $4,258,475 |
Investment income | $67,333 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$5,251 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $5,961,250 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic individuals. | $220,178 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $356,000 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $2,395,732 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $200,212 |
Payroll taxes | $230,091 |
Fees for services: Management | $6,500 |
Fees for services: Legal | $1,875 |
Fees for services: Accounting | $17,000 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $33,237 |
Office expenses | $55,828 |
Information technology | $46,797 |
Royalties | $38,062 |
Occupancy | $222,377 |
Travel | $8,889 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $4,760 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $136,517 |
Insurance | $20,677 |
All other expenses | $0 |
Total functional expenses | $4,305,058 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $3,426,203 |
Savings and temporary cash investments | $99,455 |
Pledges and grants receivable | $590,619 |
Accounts receivable, net | $7,905 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $11,828 |
Prepaid expenses and deferred charges | $44,658 |
Investments—publicly traded securities | $3,260,928 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $716,514 |
Total assets | $9,343,909 |
Accounts payable and accrued expenses | $200,810 |
Grants payable | $0 |
Deferred revenue | $243,038 |
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 | $728,900 |
Total liabilities | $1,172,748 |
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 | $8,171,161 |
Over the last fiscal year, we have identified 5 grants that Richmond Ballet Inc has recieved totaling $78,000.
Awarding Organization | Amount |
---|---|
Whitfield Foundation Midlothian, VA PURPOSE: GENERAL SUPPORT | $50,000 |
Fatherree Foundation Henrico, VA PURPOSE: UNRESTRICTED | $20,000 |
Norvell Family Foundation Inc Tulsa, OK PURPOSE: SUPPORT | $5,000 |
Mountain Laurel Foundation Wilmington, DE PURPOSE: GENERAL PURPOSES | $2,000 |
Mraz Charitable Tr Richmond, VA PURPOSE: PERFORMING ARTS SUPPORT | $1,000 |
Beg. Balance | $2,916,842 |
Earnings | -$419,660 |
Net Contributions | $784,000 |
Ending Balance | $3,281,182 |
Organization Name | Assets | Revenue |
---|---|---|
Washington Ballet Washington, DC | $7,153,807 | $8,999,163 |
Carolina Ballet Inc Raleigh, NC | $2,591,733 | $5,042,638 |
Nashville Ballet Nashville, TN | $11,017,137 | $5,073,621 |
Richmond Ballet Inc Richmond, VA | $9,343,909 | $5,961,250 |
Ballet Memphis Corporation Memphis, TN | $34,630,248 | $4,251,856 |
Maryland Youth Ballet Inc Silver Spring, MD | $1,538,079 | $2,049,323 |
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 |
Virginia Ballet Company And School Fairfax, VA | $330,622 | $658,444 |
Winston-Salem Festival Ballet Inc Winston Salem, NC | $0 | $392,620 |
Akhmedova Ballet Foundation Inc Silver Spring, MD | $1,047,215 | $429,485 |