Greensboro Ballet Inc
- Assets
- $37.3k
- Revenue
- $411.0k
- Investments
- $0.0
- Employees
- 10
- Location
- Greensboro, NC
- Founding
- 01/1967
- Data as of
- 07/2024
- EIN
- 56-6075580
Organization Overview
Greensboro Ballet Inc is located in Greensboro, NC. The organization was established in 1967. According to its NTEE Classification (A62) the organization is classified as: Dance, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 07/2024, Greensboro Ballet Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greensboro 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 07/2024, Greensboro Ballet Inc generated $411.0k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $393.6k during the year ending 07/2024. While expenses have increased by 3.8% per year over the past 5 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
GREENSBORO BALLET WAS CREATED TO PROMOTE AND FOSTER DANCE THROUGH HIGH-QUALITY PROGRAMS AND CLASSES IN THE TRIAD NC AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BALLET SCHOOL - TRAINED STUDENTS IN THE ART OF CLASSICAL BALLET
PERFORMANCE - OFFERED HIGH-LEVEL BALLET PERFORMANCES TO OUR COMMUNITY AND OUR ARTISTS
OUTREACH - DEVELOPED AND IMPLEMENTED EDUCATIONAL PROGRAMMING IN OUR SCHOOLS AND FOR COMMUNITY ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Gentry Executive Director | Officer | 40 | $40,380 |
Jennifer Jones Board Chair | Trustee | 5 | $0 |
Rayna Stoycheva Vice Chair | Trustee | 5 | $0 |
Stephanie Koch Secretary | Trustee | 3 | $0 |
Brian Coghill Board Member | Trustee | 1 | $0 |
Heather Coghill Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $20,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,135 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,135 |
| Total Program Service Revenue | $380,843 |
| 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 | $410,978 |
| 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. | $40,380 |
| Compensation of current officers, directors, key employees. | $20,190 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $138,741 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $10,542 |
| Payroll taxes | $20,714 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,240 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,581 |
| Office expenses | $5,474 |
| Information technology | $1,246 |
| Royalties | $0 |
| Occupancy | $10,200 |
| 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 | $1,032 |
| All other expenses | $16,792 |
| Total functional expenses | $393,596 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,754 |
| 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 | $14,066 |
| Net Land, buildings, and equipment | $2,512 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $37,332 |
| 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 | $5,585 |
| Other liabilities | $0 |
| Total liabilities | $5,585 |
| Net assets without donor restrictions | $31,747 |
| 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 | $37,332 |