Sarasota Ballet Of Florida Inc, operating under the name The Sarasota Ballet, is located in Sarasota, FL. The organization was established in 1990. 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 05/2022, Sarasota Ballet employed 103 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sarasota Ballet 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 05/2022, Sarasota Ballet generated $10.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $7.4m during the year ending 05/2022. While expenses have increased by 3.0% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE SARASOTA BALLET OF FLORIDA IS TO ENRICH LIVES, CAPTIVATE EMOTIONS AND STRENGTHEN THE COMMUNITY THROUGH THE ART OF DANCE.
Describe the Organization's Program Activity:
AN ART FORM BEYOND WORDS THAT TOUCHES US DEEPLY, BALLET PULLS US ALL INTO A WORLD OF BEAUTY AND GRACE. FOR OVER THIRTY YEARS, THE SARASOTA BALLET HAS LED OUR COMMUNITY IN THE CELEBRATION OF DANCE ENRICHING LIVES WITH BREATH TAKING PRODUCTIONS AND VISIONARY EDUCATIONAL PROGRAMS. THIS EXCITING ARTISTIC FORCE HAS ACHIEVED STATURE AND RECOGNITION FOLLOWING ITS MISSION TO BE A MAJOR RESIDENT COMPANY PRESENTING THE HIGHEST QUALITY OF CLASSICAL AND COMTEMPORARY DANCE.
DANCE - THE NEXT GENERATION IS A TEN-YEAR FULL-SCHOLARSHIP PROGRAM FOR AT-RISK CHILDREN. WITH AN AVERAGE ANNUAL ENROLLMENT OF 150 STUDENTS, DANCE - THE NEXT GENERATION'S DESIGN IS TO PREVENT CHILDREN IN THE SARASOTA COMMUNITY, BETWEEN THE AGES OF 8-18, FROM DROPPING OUT OF SCHOOL. THE BALLET PROVIDES TRANSPORTATION, INSTRUCTION, AND DANCEWEAR AT NO COST TO THE FAMILY.THE PROGRAM PROVIDES A SAFE HAVEN FOR THESE CHILDREN TO IMPROVE THEIR SELF-ESTEEM, TO LEARN RESPONSIBILITY AND DISCIPLINE, GAIN CONFIDENCE, AND ABOVE ALL TO LEARN THAT NO MATTER WHAT THEIR SOCIO-ECONOMIC STATUS IS, THEY CAN ACHIEVE ANYTHING THEY WANT IN LIFE. BEFORE ENTERING THE PROGRAM, THE CHILDREN ARE FACED WITH A GREAT DEAL OF SOCIAL, CULTURAL AND ACADEMIC CHALLENGES, BUT AS THEY PROGRESS THROUGH THE PROGRAM, THEY LEARN THE SKILLS THAT ARE NEEDED TO BECOME WELL-ROUNDED, PRODUCTIVE AND INVOLVED MEMBERS OF THE COMMUNITY.DANCE - THE NEXT GENERATION PRIDES ITSELF ON BEING THE ONLY PROGRAM OF ITS KIND THAT TAKES AT-RISK CHILDREN AND NURTURES THEM FOR TEN YEARS, WHILE AT THE SAME TIME PREPARES THEM TO TAKE ON THE ROLE OF RESPONSIBILITY OF BECOMING PRODUCTIVE CITIZENS.WE HAVE FOUND THAT AS THE STUDENTS PROGRESS, MOST OF THEM BECOME HONOR ROLL STUDENTS AND MAINTAIN BETWEEN A 3.7 AND 4.0 GRADE POINT AVERAGE. STUDENTS HAVE ALSO BEEN RECOGNIZED IN THE COMMUNITY AND HAVE RECEIVED AWARDS SUCH AS THE ROTARY CLUB'S AWARD FOR OUTSTANDING YOUNG CITIZEN IN OUR COMMUNITY, ACCEPTED INTO THE BLACK ACHIEVERS PROGRAM AND HAVE BEEN VALEDICTORIAN OF THEIR GRADUATING CLASS.
THE SARASOTA BALLET'S EDUCATION DEPARTMENT PROVIDES OPPORTUNITIES FOR ALL ABILITIES AND AGES TO DANCE. THE SARASOTA BALLET SCHOOL PROVIDES PROFESSIONAL INSTRUCTION FOR STUDENTS FROM 3 YEARS OF AGE TO ADULTS, OFFERING THE VERY BEST IN TRAINING BY OUR EXCEPTIONALLY QUALIFIED FACULTY. THE MARGARET BARBIERI CONSERVATORY IS A PRE-PROFESSIONAL PROGRAM, ATTRACTING STUDENTS FROM ACROSS THE NATION AND ABROAD TO STUDY UNDER THE SARASOTA BALLET'S EXPERIENCED EYES. THE SARASOTA BALLET'S INTERNATIONAL INTENSIVE IS AN ENRICHING 5 WEEK PROGRAM FOR THE ASPIRING PROFESSIONAL DANCER THAT OFFERS STUDENTS AN ELITE TRAINING PROGRAM IN A PROFESSIONAL AND SUPPORTIVE ENVIRONMENT WITH SPECIAL INTERNATIONAL GUEST FACULTY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Iain Webb Director | Officer | 40 | $237,465 |
Joseph Volpe Executive Director | Officer | 40 | $202,458 |
Sara Robinson Chief Advancement Officer | 40 | $150,985 | |
Margaret Barbieri Assistant Director | 40 | $143,754 | |
Richard Johnson Chair | OfficerTrustee | 1 | $0 |
Frank Martucci President | OfficerTrustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $42,527 |
Fundraising events | $1,244,216 |
Related organizations | $0 |
Government grants | $2,113,552 |
All other contributions, gifts, grants, and similar amounts not included above | $4,661,333 |
Noncash contributions included in lines 1a–1f | $216,121 |
Total Revenue from Contributions, Gifts, Grants & Similar | $8,061,628 |
Total Program Service Revenue | $2,061,866 |
Investment income | $106,663 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $1,400 |
Net Gain/Loss on Asset Sales | $4,469 |
Net Income from Fundraising Events | -$222,635 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $10,013,391 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $91,159 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $748,864 |
Compensation of current officers, directors, key employees. | $205,862 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $2,650,333 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $178,150 |
Payroll taxes | $345,709 |
Fees for services: Management | $0 |
Fees for services: Legal | $114,533 |
Fees for services: Accounting | $25,353 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $16,803 |
Fees for services: Other | $486,653 |
Advertising and promotion | $589,502 |
Office expenses | $346,448 |
Information technology | $0 |
Royalties | $267,490 |
Occupancy | $404,977 |
Travel | $109,506 |
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 | $189,483 |
Insurance | $57,627 |
All other expenses | $55,255 |
Total functional expenses | $7,421,148 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,501,776 |
Savings and temporary cash investments | $1,207,536 |
Pledges and grants receivable | $585,828 |
Accounts receivable, net | $1,682 |
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 | $392,141 |
Net Land, buildings, and equipment | $1,635,555 |
Investments—publicly traded securities | $0 |
Investments—other securities | $7,794,444 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $13,987 |
Total assets | $13,132,949 |
Accounts payable and accrued expenses | $231,981 |
Grants payable | $0 |
Deferred revenue | $1,021,956 |
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 | $159,092 |
Total liabilities | $1,413,029 |
Net assets without donor restrictions | $7,372,646 |
Net assets with donor restrictions | $4,347,274 |
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 | $13,132,949 |
Over the last fiscal year, we have identified 20 grants that Sarasota Ballet Of Florida Inc has recieved totaling $1,669,704.
Awarding Organization | Amount |
---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $576,500 |
Gulf Coast Community Foundation Inc Venice, FL PURPOSE: ARTS & CULTURE | $416,810 |
Community Foundation Of Sarasota County Inc Sarasota, FL PURPOSE: GENERAL SUPPORT, PROGRAM SUPPORT | $299,515 |
Kretzmer Family Charitable Foundation Inc Sarasota, FL PURPOSE: DANCERS SUPPORT | $100,000 |
Shubert Foundation Inc New York, NY PURPOSE: GENERAL OPERATING | $55,000 |
Elster Foundation Charlotte, NC PURPOSE: CHARITABLE | $45,000 |
Beg. Balance | $2,821,571 |
Earnings | -$389,639 |
Net Contributions | $2,553,990 |
Ending Balance | $4,985,922 |
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 |
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 |
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 |
Florida Ballet At Jacksonville Inc Jacksonville, FL | $1,731,842 | $944,196 |
Childrens Dance Foundation Birmingham, AL | $1,505,653 | $943,891 |
Mobile Ballet Inc Mobile, AL | $569,537 | $724,852 |