Charleston Ballet Inc
- Assets
- $402.8k
- Revenue
- $359.6k
- Investments
- $0.0
- Employees
- 4
- Location
- Charleston, WV
- Founding
- 02/1998
- Data as of
- 05/2022
- EIN
- 55-0397803
Organization Overview
Charleston Ballet Inc is located in Charleston, WV. 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 05/2022, Charleston Ballet Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charleston 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 05/2022, Charleston Ballet Inc generated $359.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $365.5k during the year ending 05/2022. While expenses have increased by 3.1% 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
TO PERPETUATE THE ART OF BALLET
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESENTED BALLET PERFORMANCES WITH PROFESSIONAL LOCAL DANCERS AND MUSICIANS AS CONTRIBUTIONS TO CITY AND STATE CULTURAL EVENTS AND ARTISTIC EDUCATION TO AUDIENCES. THE CHARLESTON BALLET AND THE WV SYMPHONY ORCHESTRA JOIN TOGETHER ANNUALLY TO PRODUCE A COLLABORATIVE PERFORMANCE SERIES OF THE NUTCRACKER BALLET.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Pauley Executive Director | OfficerTrustee | 20 | $55,110 |
Jack Cavender President | OfficerTrustee | 1 | $0 |
John Hobiltzell II Vice President | OfficerTrustee | 1 | $0 |
Dick Allowatt Director | Trustee | 1 | $0 |
Allison Rae Dascoli Director | Trustee | 1 | $0 |
Toni Ellis Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $85,606 |
| All other contributions, gifts, grants, and similar amounts not included above | $129,123 |
| Noncash contributions included in lines 1a–1f | $19,800 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $214,729 |
| Total Program Service Revenue | $105,334 |
| Investment income | $2,166 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $14,251 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $10,740 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $359,600 |
| 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. | $55,110 |
| Compensation of current officers, directors, key employees. | $8,266 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $51,994 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,657 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $18,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $28,741 |
| Office expenses | $19,077 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $28,607 |
| 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 | $0 |
| Insurance | $3,579 |
| All other expenses | $12,245 |
| Total functional expenses | $365,529 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $295,650 |
| Savings and temporary cash investments | $18,886 |
| 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 | $88,266 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $402,802 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $402,802 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $402,802 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Charleston Ballet Inc has recieved totaling $79,721.
| Awarding Organization | Amount |
|---|---|
Greater Kanawha Valley Foundation Charleston, WV PURPOSE: GENERAL SUPPORT | $36,098 |
Fund For The Arts Inc Charleston, WV PURPOSE: TO SUPPORT & FOSTER ARTISTIC ENDEAVORS | $11,996 |
Maier Foundation Inc Charleston, WV PURPOSE: OPERATING FUNDS | $10,000 |
Daywood Foundation Inc Charleston, WV PURPOSE: BUDGET | $5,000 |
Bernard H & Blanche E Jacobson Foundation Charleston, WV PURPOSE: CULTURAL | $5,000 |
Charles & Mary Fayne Glotfelty Foundation Inc Charleston, WV PURPOSE: CREATIVE ARTS | $5,000 |
Endowment Analysis
| Beg. Balance | $59,083 |
| Earnings | $5,212 |
| Admin Expense | $658 |
| Ending Balance | $63,637 |
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 |
Cincinnati Ballet Company Inc Cincinnati, OH | $28,225,838 | $12,007,959 |
Ballet Metropolitan Inc Columbus, OH | $13,150,540 | $7,739,690 |
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 |
Cleveland Ballet Cleveland, OH | $349,870 | $2,048,614 |
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 |