State Of Alabama Ballet Inc
- Assets
- $3.1m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 91
- Location
- Birmingham, AL
- Founding
- 09/1982
- Data as of
- 07/2024
- 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 07/2024, State Of Alabama Ballet Inc employed 91 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 07/2024, State Of Alabama Ballet Inc generated $2.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $2.5m during the year ending 07/2024. While expenses have increased by 3.9% per year over the past 8 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
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 |
|---|---|---|---|
Adams Hailey Board Member | Trustee | 1 | $0 |
Anderson Mary Bradley Board Member | Trustee | 1 | $0 |
Christian Donna Board Member | Trustee | 1 | $0 |
Drennen Bridget Board Member | Trustee | 1 | $0 |
Eiland C Morgan Board Member | Trustee | 1 | $0 |
Evans Suzanne Humphries Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $813,583 |
| Noncash contributions included in lines 1a–1f | $18,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $813,583 |
| Total Program Service Revenue | $1,181,350 |
| Investment income | $28,910 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $31,226 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $188,904 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,249,473 |
| 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. | $65,000 |
| Compensation of current officers, directors, key employees. | $5,200 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $982,967 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $45,446 |
| Payroll taxes | $84,817 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,553 |
| Fees for services: Accounting | $14,135 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $28,022 |
| Advertising and promotion | $91,799 |
| Office expenses | $33,068 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $385,526 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $43,994 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $96,891 |
| Insurance | $103,390 |
| All other expenses | $189,731 |
| Total functional expenses | $2,458,701 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $688,373 |
| Savings and temporary cash investments | $10,256 |
| Pledges and grants receivable | $195,106 |
| Accounts receivable, net | $17,715 |
| 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 | $25,350 |
| Net Land, buildings, and equipment | $1,288,060 |
| Investments—publicly traded securities | $608,546 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $259,610 |
| Total assets | $3,093,016 |
| Accounts payable and accrued expenses | $56,969 |
| Grants payable | $0 |
| Deferred revenue | $85,311 |
| 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 | $784,134 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $262,544 |
| Total liabilities | $1,188,958 |
| Net assets without donor restrictions | $1,082,001 |
| Net assets with donor restrictions | $822,057 |
| 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 | $3,093,016 |