Ballet Mississippi Inc
- Assets
- $362.1k
- Revenue
- $387.7k
- Investments
- $0.0
- Employees
- 9
- Location
- Jackson, MS
- Founding
- 02/1984
- Data as of
- 06/2021
- 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 06/2021, Ballet Mississippi Inc employed 9 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 06/2021, Ballet Mississippi Inc generated $387.7k 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 (5.2%) each year. All expenses for the organization totaled $376.9k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (4.8%) 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
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 PERFORMANCESOVER 7,000 PATRONS ATTENDED BALLET MISSISSIPPI PERFORMANCES DURING FY2021. IN DECEMBER, BALLET MISSISSIPPI PRESENTED NUTCRACKER SWEETS FEATURING ACT II OF THE NUTCRACKER, WHICH OFFERED PEOPLE THROUGHOUT THE SOUTHEAST THE OPPORTUNITY TO CELEBRATE THE HOLIDAY SEASON THROUGH THE ENJOYMENT AND APPRECIATION OF THIS BALLET CLASSIC. BALLET MS HELD TWO MATINEE PERFORMANCES FOR THE GENERAL PUBLIC WITH SOCIALLY DISTANCED SEATING. DUE TO NEW COVID-19 PROTOCOLS, DANCERS AND PATRONS WERE REQUIRED TO WEAR MASKS AND TEMPERATURES WERE CHECKED AT THE DOOR. IN MAY, ALL BALLET MISSISSIPPI STUDENTS PERFORMED IN A SPRING PRODUCTION, UP, UP, & AWAY, AT THE BELHAVEN CENTER FOR PERFORMING ARTS. BALLET MS HELD TWO EVENING PERFORMANCES FOR THE GENERAL PUBLIC WITH SOCIALLY DISTANCED SEATING. DUE TO NEW COVID-19 PROTOCOLS, PATRONS WERE REQUIRED TO WEAR MASKS AND TEMPERATURES WERE CHECKED AT THE DOOR.
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 RECITAL AND UPPER SCHOOL STUDENTS PERFORMED ROLES IN THREE ADDITIONAL PRODUCTIONS BEFORE LARGE AUDIENCES. THE BALLET MISSISSIPPI FACULTY INSTRUCTED CLASSES FOR APPROXIMATELY 175 STUDENTS AND IN SUMMER CLASSES LED BY GUEST ARTISTS.
BALLET MISSISSIPPI OUTREACHCOMMUNITY PARTNERSHIPS SERVED AS AN IMPORTANT VEHICLE TO INCREASE AUDIENCE ACCESSIBILITY. BALLET MISSISSIPPI PERFORMED AT BARACK H. OBAMA MAGNET SCHOOL, DECK THE DISTRICT, AND FOR THE MISSISSIPPI MUSEUM OF ART AND ST. ANDREW'S EPISCOPAL SCHOOL ARTS ON THE SCREEN VIRTUAL EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David A Keary Executive Director | Officer | 40 | $82,154 |
Karen Holmes President | OfficerTrustee | 1 | $0 |
Holly Crawford Vice-President | OfficerTrustee | 1 | $0 |
Sue Lobrano Womble Secretary | OfficerTrustee | 1 | $0 |
Margaret Taylor Treasurer | OfficerTrustee | 1 | $0 |
Mary Helen Bowen Past President | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $68,560 |
| All other contributions, gifts, grants, and similar amounts not included above | $73,775 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $142,335 |
| Total Program Service Revenue | $244,729 |
| Investment income | $90 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $387,686 |
| 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. | $78,729 |
| Compensation of current officers, directors, key employees. | $21,033 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $163,171 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $17,792 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,926 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,081 |
| Advertising and promotion | $4,096 |
| Office expenses | $13,276 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $23,074 |
| Travel | $2,744 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,098 |
| Insurance | $15,424 |
| All other expenses | $0 |
| Total functional expenses | $376,903 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $338,856 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $7,418 |
| Net Land, buildings, and equipment | $8,321 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,500 |
| Total assets | $362,095 |
| Accounts payable and accrued expenses | $7,770 |
| Grants payable | $0 |
| Deferred revenue | $20,443 |
| 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 | $145,986 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $174,199 |
| Net assets without donor restrictions | $177,882 |
| Net assets with donor restrictions | $10,014 |
| 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 | $362,095 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Ballet Mississippi Inc has recieved totaling $23,887.
| Awarding Organization | Amount |
|---|---|
Community Foundation For Mississippi Jackson, MS PURPOSE: GENERAL OPER SUPPORT | $14,846 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $7,990 |
Brevard Family Foundation Tupelo, MS PURPOSE: CULTURAL | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $51 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Ballet Magnificat Jackson, MS | $1,863,123 | $2,272,042 |
Community Ballet Association Of Huntsville Inc Huntsville, AL | $1,447,227 | $996,660 |
Childrens Dance Foundation Birmingham, AL | $1,505,653 | $943,891 |
Mobile Ballet Inc Mobile, AL | $569,537 | $724,852 |
Baton Rouge Ballet Theatre Inc Baton Rouge, LA | $649,892 | $706,281 |
Ballet Arkansas Little Rock, AR | $727,300 | $993,614 |
Usa International Ballet Competition Jackson, MS | $1,283,978 | $483,831 |
New Orleans Ballet Inc New Orleans, LA | $1,333,668 | $918,258 |
Ballet Mississippi Inc Jackson, MS | $362,095 | $387,686 |