Usa International Ballet Competition
- Assets
- $768.3k
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 8
- Location
- Jackson, MS
- Founding
- 09/1980
- Data as of
- 09/2023
- EIN
- 64-0620289
Organization Overview
Usa International Ballet Competition is located in Jackson, MS. The organization was established in 1980. 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 09/2023, USA International Ballet Competition employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. USA International Ballet Competition 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 09/2023, USA International Ballet Competition generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 18.4% each year . All expenses for the organization totaled $2.4m during the year ending 09/2023. While expenses have increased by 20.2% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE USA INTERNATIONAL BALLET COMPETITION IS TO PROVIDE AN OPPORTUNITY FOR DANCERS TO TEST THEMSELVES AGAINST RECOGNIZED INTERNATIONAL STANDARDS OF DANCE EXCELLENCE; TO PROVIDE AN OPPORTUNITY FOR DANCERS TO SHOWCASE THEIR TECHNICAL SKILL AND ARTISTIC TALENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE USA IBC IS A TWO WEEK "OLYMPIC STYLE" COMPETITION WHERE TOMMORROW'S BALLET STARS VIE FOR GOLD, SILVER AND BRONZE MEDALS, CASH AWARDS, SCHOLARSHIPS AND JOBS. THE COMPETITION IS A STEPPING STONE TO A DANCER'S CAREER. DURING 2021 (YEAR ENDING 9/30/21) THE IBC IS PROMOTING ITSELF AND RECRUITING COMPETITORS, JURORS, DANCE SCHOOL STUDENTS, AND FACULTY IN PREPARATION FOR THE 2023 COMPETITION
CITYDANCE IS AN AFTER SCHOOL DANCE PROGRAM SPONSORED BY THE USA INTERNATIONAL BALLET COMPETITION. CITYDANCE PROVIDES FREE BALLET CLASSES FOR CHILDREN 7 YEARS OLD TO 12 YEARS OLD THAT ARE ALSO ENROLLED IN THE JACKSON PUBLIC SCHOOL SYSTEM. PARTICIPANTS ARE SELECTED THROUGH AN AUDITION PROCESS HELD EACH SEPTEMBER. EACH YEAR CITYDANCE ADDS ANOTHER CLASS OF BEGINNERS TO THE PROGRAM AS SKILL LEVELS BUILD.
FRIENDS OF THE USA IBC IS AN ACTIVE MEMBERSHIP GROUP WITHIN THE INTERNATIONAL BALLET ASSOCIATION. AS VOLUNTEERS, FRIENDS SUPPORT THE USA IBCS EVERYDAY NEEDS AND SPECIAL PROJECTS. THEY PLAN FUNDRAISING AND FRIENDS MEMBERSHIP EVENTS, SERVE ON COMPETITION WORK COMMITTEES, ASSIST WITH THE PUBLIC SCHOOL CITYDANCE PROGRAM (HELPING WITH AUDITIONS, DANCE WEAR PURCHASES AND RECITALS) AND ARE LOCAL AND NATIONAL ADVOCATES FOR THE USA IBC. MEMBERS (AND FUTURE MEMBERS) GATHER AT LEAST TWICE A YEAR, ONCE AT A MEMBERSHIP EVENT AND ONCE AT A FUNDRAISING EVENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mrs Luanne Adams Trustee | Trustee | $0 | |
Mr Frank Alley Trustee | OfficerTrustee | $0 | |
Mr Marshall Bennett Trustee | Trustee | $0 | |
Mr Michael Booker Treasurer | OfficerTrustee | $0 | |
Mrs Liza Booth Trustee | Trustee | $0 | |
Ms Su Bunniran Trustee | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $23,884 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $94,431 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,181,650 |
| Noncash contributions included in lines 1a–1f | $405,666 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,299,965 |
| Total Program Service Revenue | $470,838 |
| Investment income | $72,066 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,452 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,054,663 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $629,034 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $29,038 |
| 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 | $1,158 |
| Fees for services: Other | $261,263 |
| Advertising and promotion | $225,038 |
| Office expenses | $355,558 |
| Information technology | $22,914 |
| Royalties | $0 |
| Occupancy | $365,061 |
| Travel | $253,289 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $113,608 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,169 |
| Insurance | $33,730 |
| All other expenses | $0 |
| Total functional expenses | $2,444,490 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $129,696 |
| Savings and temporary cash investments | $106,929 |
| Pledges and grants receivable | $2,162 |
| 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 | $3,266 |
| Prepaid expenses and deferred charges | $3,899 |
| Net Land, buildings, and equipment | $93,684 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $428,621 |
| Total assets | $768,257 |
| Accounts payable and accrued expenses | $3,182 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,182 |
| Net assets without donor restrictions | $765,075 |
| 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 | $768,257 |