Triangle Youth Ballet
- Assets
- $306.5k
- Revenue
- $332.0k
- Investments
- $0.0
- Employees
- 9
- Location
- Chapel Hill, NC
- Founding
- 11/1995
- Data as of
- 06/2022
- EIN
- 56-1929772
Organization Overview
Triangle Youth Ballet is located in Chapel Hill, NC. The organization was established in 1995. 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, Triangle Youth Ballet employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Triangle Youth 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 06/2022, Triangle Youth Ballet generated $332.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $255.7k 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 TRAIN DANCERS AND TO INSTILL A DEEPER UNDERSTANDING OF DANCE ARTS IN OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN THE YEAR JULY 2021 - JUNE 2022, WE CONTINUED OUR PARTNERSHIP WITH THE DURHAM ARTS COUNCIL. WE CONTINUED OUR TUITION ASSISTANCE PROGRAM AND MALE MERIT SCHOLARSHIP PROGRAMS, OUR PERFORMING COMPANIES ATTENDED CLASSES AND PERFORMED AT BOTH THE UNIVERSITY OF NORTH CAROLINA SCHOOL OF THE ARTS FESTIVAL OF DANCE IN PERSON IN WINSTON-SALEM, NORTH CAROLINA AND REGIONAL DANCE AMERICA SOUTHEAST FESTIVAL IN DAYTONA, FLORIDA.IN ADDITION OUR COMPANIES AND STUDENTS FROM OUR SCHOOL WERE ABLE TO MOUNT A FULL LENGTH BALLET, DON QUIXOTE, IN THE UNC CAMPUS AMPHITHEATER IN THE SPRING AND OUR ANNUAL END OF THE SHOW IN A LOCAL HIGH SCHOOL THEATRE.WE DID TWO PARKING LOT PERFORMANCES OF A HOLIDAY THEMED SHOW THAT WERE FUNDRAISERS/TOY DRIVES FOR A LOCAL CHARITY, THE CHAPEL HILL SERVICE LEAGUE'S CHRISTMAS HOUSE.AS LIFE BECAME MORE "NORMAL" WE FOCUSED ON PROVIDING PERFORMANCE OPPORTUNITIES FOR OUR DANCERS. NEXT YEAR WE HOPE TO BRING BACK OUR TRADITIONAL FUNDRAISING EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Bushnell Director | Trustee | 4 | $0 |
Lauren Lorentz DE Haas Pres/artistic Director | OfficerTrustee | 50 | $28,723 |
Dave Stuckey Treasurer/finance Officer | OfficerTrustee | 4 | $0 |
Ebonie Pittman Secretary | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $45,460 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,703 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $61,163 |
| Total Program Service Revenue | $265,125 |
| Investment income | $27 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $400 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $4,404 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $893 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $332,012 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $8,324 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $33,900 |
| Compensation of current officers, directors, key employees. | $8,475 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $73,773 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,298 |
| 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 | $5,203 |
| Advertising and promotion | $8,096 |
| Office expenses | $11,165 |
| Information technology | $3,999 |
| Royalties | $0 |
| Occupancy | $72,654 |
| Travel | $3,505 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $333 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,223 |
| Insurance | $851 |
| All other expenses | $387 |
| Total functional expenses | $255,697 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $99,893 |
| Savings and temporary cash investments | $134,837 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $763 |
| 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 | $71,019 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $306,512 |
| Accounts payable and accrued expenses | $303 |
| 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 | $128,200 |
| Other liabilities | $0 |
| Total liabilities | $128,503 |
| 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 | $178,009 |
| Total liabilities and net assets/fund balances | $306,512 |