State Of Alabama Ballet Inc
- Assets
- $3.0m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 77
- Location
- Birmingham, AL
- Founding
- 09/1982
- Data as of
- 07/2022
- EIN
- 63-0813626
Organization Overview
State Of Alabama Ballet Inc is located in Birmingham, AL. The organization was established in 1982. 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 07/2022, State Of Alabama Ballet Inc employed 77 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. State Of Alabama 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 07/2022, State Of Alabama Ballet Inc generated $2.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $2.4m during the year ending 07/2022. While expenses have increased by 3.9% 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 PROMOTE AND FOSTER THE DEVELOPMENT OF CLASSICAL AND CONTEMPORARY BALLET THROUGH HIGH QUALITY PERFORMANCES, DANCE EDUCATION AND COMMUNITY OUTREACH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PERFORMANCES OF THE BALLET COMPANY; ENHANCING INTEREST IN AND APPRECIATION OF THE ARTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alvey Tracey Artistic Director/ceo | Officer | 40 | $90,087 |
Goodrich Mary Director Of Development/ac | Officer | 40 | $73,000 |
Cochran Glenda Executive Committee Member | OfficerTrustee | 2 | $0 |
Giardina Warren Executive Committee Member | OfficerTrustee | 2 | $0 |
Kubat Jessica Executive Committee Member | OfficerTrustee | 2 | $0 |
Chaiprakob Fran Executive Committee Member | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $437,814 |
| All other contributions, gifts, grants, and similar amounts not included above | $832,506 |
| Noncash contributions included in lines 1a–1f | $17,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,270,320 |
| Total Program Service Revenue | $1,024,366 |
| Investment income | $10,627 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $194,993 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,506,530 |
| 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. | $163,087 |
| Compensation of current officers, directors, key employees. | $21,201 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $802,218 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $35,296 |
| Payroll taxes | $80,192 |
| 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 | $47,026 |
| Advertising and promotion | $116,485 |
| Office expenses | $9,663 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $236,057 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $22,282 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $74,545 |
| Insurance | $103,480 |
| All other expenses | $365,574 |
| Total functional expenses | $2,381,449 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $770,174 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $453,578 |
| Accounts receivable, net | $20,625 |
| 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 | $26,036 |
| Net Land, buildings, and equipment | $1,163,501 |
| Investments—publicly traded securities | $557,831 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,991,745 |
| Accounts payable and accrued expenses | $35,613 |
| Grants payable | $0 |
| Deferred revenue | $7,745 |
| 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 | $747,055 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $790,413 |
| Net assets without donor restrictions | $1,135,745 |
| Net assets with donor restrictions | $1,065,587 |
| 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 | $2,991,745 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that State Of Alabama Ballet Inc has recieved totaling $13,200.
| Awarding Organization | Amount |
|---|---|
The Community Foundation Of Greater Birmingham Birmingham, AL PURPOSE: GENERAL SUPPORT | $13,200 |
Endowment Analysis
| Beg. Balance | $477,685 |
| Earnings | -$30,041 |
| Ending Balance | $447,643 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Atlanta Ballet Incorporated Atlanta, GA | $17,685,185 | $11,298,848 |
Sarasota Ballet Of Florida Inc Sarasota, FL | $13,132,949 | $10,013,391 |
Orlando Ballet Inc Orlando, FL | $16,727,544 | $8,811,426 |
Nashville Ballet Nashville, TN | $11,017,137 | $5,073,621 |
Ballet Memphis Corporation Memphis, TN | $34,630,248 | $4,251,856 |
State Of Alabama Ballet Inc Birmingham, AL | $2,991,745 | $2,506,530 |
Thomas Armour Youth Ballet Inc South Miami, FL | $1,962,067 | $2,525,155 |
Ballet Magnificat Jackson, MS | $1,863,123 | $2,272,042 |
Northwest Florida Ballet Inc Fort Walton Beach, FL | $1,697,627 | $1,107,429 |
Boca Ballet Theatre Company Boca Raton, FL | $998,932 | $1,075,086 |
The Tallahassee Ballet Inc Tallahassee, FL | $852,817 | $1,030,970 |
Community Ballet Association Of Huntsville Inc Huntsville, AL | $1,447,227 | $996,660 |