Ballet Mississippi Inc
- Assets
- $2.0m
- Revenue
- $994.3k
- Investments
- $7.7k
- Employees
- 8
- Location
- Jackson, MS
- Founding
- 02/1984
- Data as of
- 06/2022
- EIN
- 64-0674807
Organization Overview
Ballet Mississippi Inc is located in Jackson, MS. The organization was established in 1984. 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 06/2022, Ballet Mississippi Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ballet Mississippi 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 06/2022, Ballet Mississippi Inc generated $994.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $603.9k during the year ending 06/2022. While expenses have increased by 2.6% 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 THE STUDY, UNDERSTANDING AND APPRECIATION OF BALLET AND OTHER FORMS OF DANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BALLET MISSISSIPPI PERFORMANCESAPPROXIMATELY 3000 PATRONS ATTENDED BALLET MISSISSIPPI PERFORMANCES DURING FY2021. IN DECEMBER, BALLET MISSISSIPPI PRESENTED THE NUTCRACKER, WHICH OFFERED PEOPLE THROUGHOUT THE SOUTHEAST THE OPPORTUNITY TO CELEBRATE THE HOLIDAY SEASON THROUGH THE ENJOYMENT AND APPRECIATION OF THIS BALLET CLASSIC. THE PRODUCTION FEATURED GUEST ARTISTS ANWEN DAWIN AND DYLAN MCINTYRE OF THE MEMPHIS BALLET. BALLET MISSISSIPPI HELD A FREE PERFORMANCE FOR CITY OF JACKSON EMPLOYEES, A "BALLET, BLUE JEANS, AND BEER" CASUAL EVENING PERFORMANCE AIMED FOR YOUNG PROFESSIONALS, AND TWO MATINEE PERFORMANCES FOR THE GENERAL PUBLIC.SCHOOL PERFORMANCES HAVE ALSO BEEN SUSPENDED BECAUSE OF COVID-19 ISSUES.
BALLET MISSISSIPPI SCHOOLBALLET MISSISSIPPI OFFERS CLASSES AND PERFORMING OPPORTUNITIES FOR STUDENTS OF ALL AGES, FROM AGE THREE TO ADULT. THE SCHOOL'S FOCUS IS CLASSICAL BALLET AND STUDENTS COMPLEMENT THEIR TRAINING WITH CLASSES IN DIFFERENT STYLES OF DANCE THROUGHOUT THE YEAR. ALL STUDENTS PARTICIPATE IN THE YEAR-END PERFORMANCE. THE BALLET MISSISSIPPI FACULTY INSTRUCTED CLASSES FOR APPROXIMATELY 200 STUDENTS AND IN SUMMER CLASSES LED BY GUEST ARTISTS AS WELL AS BALLET MISSISSIPPI FACULTY.
BALLET MISSISSIPPI OUTREACHBALLET MISSISSIPPI HAS HAD TO ESSENTIALLY SUSPEND ITS OUTREACH PROGRAM IN THE JACKSON PUBLIC SCHOOLS BECAUSE OF THE LINGERING ISSUES OF COVID-19, LACK OF FACULTY AND FINANCES TO PURSUE THIS GOAL.COMMUNITY PARTNERSHIPS SERVED AS AN IMPORTANT VEHICLE TO INCREASE AUDIENCE ACCESSIBILITY. BALLET MISSISSIPPI PERFORMED AT BLAIR E. BATSON'S CHILDREN'S HOSPITAL AND THE ST. ANDREW'S EPISCOPAL SCHOOL ARTS ON THE GREEN EVENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carolyn Erwin President | OfficerTrustee | 1 | $0 |
Lynn Wentworth Vice President | OfficerTrustee | 1 | $0 |
Mary Helen Bowen Secretary | OfficerTrustee | 1 | $0 |
Margaret Taylor Treasurer | OfficerTrustee | 1 | $0 |
Megan West Allen Board Member | Trustee | 1 | $0 |
Shailee Salat-Bhatt Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $41,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $486,587 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $527,587 |
| Total Program Service Revenue | $382,121 |
| Investment income | $145 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $75,300 |
| Net Gain/Loss on Asset Sales | -$1,977 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $994,326 |
| 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. | $66,150 |
| Compensation of current officers, directors, key employees. | $6,566 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $178,854 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $17,779 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,385 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $72,320 |
| Advertising and promotion | $270 |
| Office expenses | $31,471 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $45,284 |
| Travel | $20,931 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $46,972 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $35,180 |
| Insurance | $11,880 |
| All other expenses | $0 |
| Total functional expenses | $603,915 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $345,099 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $82,808 |
| 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 | $7,784 |
| Net Land, buildings, and equipment | $1,517,304 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $7,656 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,960,651 |
| Accounts payable and accrued expenses | $81,829 |
| Grants payable | $0 |
| Deferred revenue | $12,851 |
| 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 | $1,287,664 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,382,344 |
| Net assets without donor restrictions | $440,192 |
| Net assets with donor restrictions | $138,115 |
| 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 | $1,960,651 |