Nashville Ballet
- Assets
- $11.0m
- Revenue
- $5.1m
- Investments
- $0.0
- Employees
- 166
- Location
- Nashville, TN
- Founding
- 04/1981
- Data as of
- 05/2021
- EIN
- 58-1440788
Organization Overview
Nashville Ballet is located in Nashville, TN. The organization was established in 1981. 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, Nashville Ballet employed 166 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nashville 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 05/2021, Nashville Ballet generated $5.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.9%) each year. All expenses for the organization totaled $4.8m during the year ending 05/2021. As we would expect to see with falling revenues, expenses have declined by (1.6%) per year over the past 6 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
CREATE, PERFORM, TEACH & PROMOTE DANCE AS AN ESSENTIAL AND INSPIRING ELEMENT OF OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa French End 92022 Executive Director | Officer | 40 | $132,710 |
Paul Vasterling Artistic Director | Officer | 40 | $124,890 |
Laura Currie President | OfficerTrustee | 1 | $0 |
Suzan Gibbs Ilic Treasurer | OfficerTrustee | 1 | $0 |
Susan Short Jones President-Elect | OfficerTrustee | 1 | $0 |
Roger Moore Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nashville Symphony Symphony For Ballet Season | 5/30/19 | $418,506 |
Belmont University Lodging For Si Students | 5/30/19 | $241,355 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $50,854 |
| Government grants | $1,628,804 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,594,325 |
| Noncash contributions included in lines 1a–1f | $378,161 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,273,983 |
| Total Program Service Revenue | $786,751 |
| Investment income | $2,305 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,864 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $7,451 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,073,621 |
| 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. | $256,054 |
| Compensation of current officers, directors, key employees. | $85,997 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,357,325 |
| Pension plan accruals and contributions | $8,371 |
| Other employee benefits | $224,172 |
| Payroll taxes | $201,660 |
| Fees for services: Management | $7,750 |
| Fees for services: Legal | $3,781 |
| Fees for services: Accounting | $36,116 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $58,449 |
| Advertising and promotion | $141,865 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $229,516 |
| Travel | $9,584 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $81,345 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $467,079 |
| Insurance | $55,604 |
| All other expenses | $79,892 |
| Total functional expenses | $4,841,528 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,846,466 |
| Savings and temporary cash investments | $1,467,220 |
| Pledges and grants receivable | $465,148 |
| Accounts receivable, net | $62,301 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $149,137 |
| Prepaid expenses and deferred charges | $81,832 |
| Net Land, buildings, and equipment | $6,838,606 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $106,427 |
| Total assets | $11,017,137 |
| Accounts payable and accrued expenses | $351,561 |
| Grants payable | $0 |
| Deferred revenue | $605,240 |
| 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 | $3,058,738 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,015,539 |
| Net assets without donor restrictions | $6,029,381 |
| Net assets with donor restrictions | $972,217 |
| 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 | $11,017,137 |
Grants Recieved
Over the last fiscal year, we have identified 27 grants that Nashville Ballet has recieved totaling $1,308,491.
| Awarding Organization | Amount |
|---|---|
The Community Fdn Of Middle Tn Inc Nashville, TN PURPOSE: FOR GENERAL SUPPORT | $448,000 |
The Community Fdn Of Middle Tn Inc Nashville, TN PURPOSE: ARTS/HUMANITIES | $194,900 |
Sandra Schatten Foundation Nashville, TN PURPOSE: TO FULFILL THE EXEMPT PURPOSES OF THE FOUNDATION | $135,000 |
Shubert Foundation Inc New York, NY PURPOSE: GENERAL OPERATING | $90,000 |
Patricia & Louis Todd Family Foundation Trust Nashville, TN PURPOSE: CONTRIBUTION | $80,000 |
Crittenden Foundation C/O Eleanor B Currie Nashville, TN PURPOSE: OPERATING | $75,000 |
Endowment Analysis
| Beg. Balance | $72,754 |
| Earnings | -$7,710 |
| Ending Balance | $65,044 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Atlanta Ballet Incorporated Atlanta, GA | $17,685,185 | $11,298,848 |
Kansas City Ballet Association Kansas City, MO | $44,028,561 | $12,814,564 |
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 |
State Of Alabama Ballet Inc Birmingham, AL | $2,991,745 | $2,506,530 |
Laurie Foundation For The Performing Arts Columbia, MO | $6,459,045 | $968,148 |
Ballet Magnificat Jackson, MS | $1,863,123 | $2,272,042 |
Saint Louis Ballet Company Chesterfield, MO | $736,242 | $1,637,573 |
Charlottesville Ballet Charlottesville, VA | $1,147,365 | $1,342,432 |
Community Ballet Association Of Huntsville Inc Huntsville, AL | $1,447,227 | $996,660 |