Sarasota Ballet Of Florida Inc
- Assets
- $13.1m
- Revenue
- $10.0m
- Investments
- $7.8m
- Employees
- 123
- Location
- Sarasota, FL
- Founding
- 01/1990
- Data as of
- 05/2022
- EIN
- 65-0135900
Organization Overview
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 05/2023, Sarasota Ballet employed 123 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 6 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $7.4m during the year ending 05/2022. While expenses have increased by 0.9% per year over the past 6 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
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:
Part 3 - Line 4a
THE SARASOTA BALLET'S EXPANSIVE REPERTOIRE, COUPLED WITH THE ATHLETICISM AND ARTISTRY OF THE COMPANY'S DANCERS, HAS BROUGHT THE COMPANY NATIONAL AND INTERNATIONAL ACCLAIM. THE REPERTOIRE INCLUDES WORKS BY SOME OF THE GREATEST CHOREOGRAPHERS IN THE DANCE WORLD, SUCH AS SIR FREDERICK ASHTON, GEORGE BALANCHINE, ANTONY TUDOR, SIR KENNETH MACMILLAN, PAUL TAYLOR, AND SIR DAVID BINTLEY TO NAME A FEW. IN ADDITION, THE SARASOTA BALLET HAS CONTINUED TO PUSH THE ART FORM FORWARD THROUGH COMMISSIONING NEW WORKS, FROM BOTH BUDDING CHOREOGRAPHERS WITHIN THE COMPANY AND ESTABLISHED CHOREOGRAPHERS AROUND THE GLOBE.
THE SARASOTA BALLET BELIEVES DANCE IS FOR EVERYONE AND TAKES PRIDE IN MAKING DANCE ACCESSIBLE TO ALL THROUGH OUR COMMUNITY ENGAGEMENT PROGRAMS. DANCE THE NEXT GENERATION (DNG) WAS ESTABLISHED OVER 30 YEARS AGO AND PROVIDES EQUITABLE ACCESS TO QUALITY DANCE EDUCATION BY OFFERING A COMPREHENSIVE TUITION-FREE DANCE PROGRAM TO 3-12 GRADERS FROM UNDERREPRESENTED AREAS. THROUGH DIVERSIFIED DANCE OFFERINGS, PROGRESSING ENRICHMENT ACTIVITIES, AND EVER-INCREASING COMMUNITY PARTNERSHIPS, DNG STUDENTS RECEIVE A COMPLETE 10 YEAR DANCE EXPERIENCE THAT SUPPORTS EDUCATION, COMMUNITY, AND ACADEMIC EXCELLENCE FOR EACH STUDENT. ADDITIONALLY, DANCE FOR ALL PROVIDES ACCESS AND OPPORTUNITY FOR THOSE 5 TO 95 TO EXPLORE AND EXPERIENCE THE WORLD OF DANCE. FOCUSING ON YOUTH, ADAPTIVE, AND COMMUNITY, DANCE FOR ALL OFFERS COMPLIMENTARY AND LOW COST PROGRAMS SUCH AS SCHOOL PERFORMANCES AND PROGRAMS, JOYFUL MOVEMENT THROUGH PARKINSON'S, SILVER SWANS, AND COMMUNITY EXPERIENCES.
THE SARASOTA BALLET'S EDUCATION DEPARTMENT PROVIDES OPPORTUNITIES FOR ALL AGES AND ABILITIES TO DANCE. THE SARASOTA BALLET SCHOOL OFFERS A HIGH QUALITY DANCE EDUCATION FOR CHILDREN 3 AND ABOVE. WE FOSTER AN ENVIRONMENT THAT ENABLES CHILDREN TO LEARN BALLET CORRECTLY AND SAFELY, DEVELOP CONFIDENCE AND WE PRIDE OURSELVES ON CELEBRATING EACH STUDENT'S INDIVIDUALITY. THE MARGARET BARBIERI CONSERVATORY IS A PRE-PROFESSIONAL PROGRAM FOR STUDENTS AGES 12 AND ABOVE TO AUDITION, AND UPON ACCEPTANCE, RECEIVE THE HIGHEST QUALITY OF DANCE EDUCATION. THE CURRICULUM INCLUDES CLASSICAL TECHNIQUE, POINTE, CONTEMPORARY, VARIATIONS, REPERTOIRE, AND CONDITIONING. THE SARASOTA BALLET'S SUMMER INTENSIVE IS SPECIFICALLY DESIGNED TO DEVELOP YOUNG DANCERS TECHNIQUE ALONGSIDE ARTISTRY. STUDENTS AGES 11-21 AUDITION TO ATTEND UP TO FIVE WEEKS OF RIGOROUS DANCE TRAINING IN SARASOTA EACH SUMMER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Johnson Chair | OfficerTrustee | 1 | $0 |
Patricia Golemme Director | Trustee | 1 | $0 |
Frank Martucci President | OfficerTrustee | 1 | $0 |
Jonathan Coleman Secretary | OfficerTrustee | 1 | $0 |
Patrick Kenny Treasurer | OfficerTrustee | 1 | $0 |
Maureen Steiner Governance Officer | OfficerTrustee | 1 | $0 |
Financial Statements
| 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 |