Houston Ballet Foundation
- Assets
- $166.4m
- Revenue
- $49.3m
- Investments
- $0.0
- Employees
- 471
- Location
- Houston, TX
- Founding
- 12/1957
- Data as of
- 06/2022
- EIN
- 74-1394920
Organization Overview
Houston Ballet Foundation, operating under the name Houston Ballet, is located in Houston, TX. The organization was established in 1957. 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, Houston Ballet employed 471 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Houston 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 06/2022, Houston Ballet generated $49.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $32.8m during the year ending 06/2022. While expenses have increased by 1.3% 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
SEE ATTACHMENT 1
Describe the Organization's Program Activity:
Part 3 - Line 4a
DANCE PERFORMANCES BY THE COMPANY OF PROFESSIONAL DANCERS AND ORCHESTRA IN HOUSTON, TX, ON TOUR NATIONALLY AND INTERNATIONALLY INCLUDE PRODUCTION EXPENSES SUCH AS SALARY OF PERFORMERS, COST OF COSTUMES, STAGE SETS, THEATER RENTAL, ORCHESTRA AND OTHER RELATED EXPENSES.
ACADEMY DANCE EDUCATION INCLUDES EXPENSES RELATING TO THE OPERATION OF THE BALLET ACADEMY AND THE SCHOLARSHIPS AND TUITION FOR ACADEMY STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Welch Stanton Artistic Director | Officer | 40 | $454,413 |
Nelson James D Executive Director | Officer | 40 | $371,406 |
Chapman Patricia CEO - Nutcracker Mkt | 35 | $203,656 | |
Florio Ermanno Music Director | 35 | $202,385 | |
Felber-Roberts Kristi Chief Financial Officer | Officer | 35 | $198,747 |
Lane Angela Chief Development Officer | 35 | $184,359 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Iatse Local 51 Union Stage Hands | 6/29/22 | $623,774 |
Strike Marketing Marketing/ad Svcs | 6/29/22 | $446,467 |
Marsden South Llc Cleaning Services | 6/29/22 | $193,007 |
Houston Methodist Hospital Health/wellness Svcs | 6/29/22 | $237,530 |
Infovine Inc Telemarketing Svcs | 6/29/22 | $162,734 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,484,581 |
| Fundraising events | $1,407,237 |
| Related organizations | $5,117,885 |
| Government grants | $12,789,436 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,188,856 |
| Noncash contributions included in lines 1a–1f | $341,104 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $33,987,995 |
| Total Program Service Revenue | $11,134,657 |
| Investment income | $1,348,019 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,869,104 |
| Net Income from Fundraising Events | -$274,836 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $49,258,253 |
| 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. | $2,339,877 |
| Compensation of current officers, directors, key employees. | $865,237 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,161,626 |
| Pension plan accruals and contributions | $594,983 |
| Other employee benefits | $2,582,264 |
| Payroll taxes | $1,637,649 |
| Fees for services: Management | $10,000 |
| Fees for services: Legal | $30,632 |
| Fees for services: Accounting | $58,448 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $236,299 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,326,391 |
| Office expenses | $2,090,186 |
| Information technology | $520,372 |
| Royalties | $130,366 |
| Occupancy | $1,084,739 |
| Travel | $137,789 |
| 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 | $30,636 |
| Depreciation, depletion, and amortization | $1,615,002 |
| Insurance | $468,068 |
| All other expenses | $584,718 |
| Total functional expenses | $32,770,439 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $16,802,218 |
| Pledges and grants receivable | $9,782,756 |
| Accounts receivable, net | $14,353 |
| 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 | $942,541 |
| Net Land, buildings, and equipment | $40,362,909 |
| Investments—publicly traded securities | $97,509,835 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $999,635 |
| Total assets | $166,414,247 |
| Accounts payable and accrued expenses | $1,865,728 |
| Grants payable | $0 |
| Deferred revenue | $5,150,915 |
| 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 | $1,094,544 |
| Other liabilities | $0 |
| Total liabilities | $8,111,187 |
| Net assets without donor restrictions | $112,369,201 |
| Net assets with donor restrictions | $45,933,859 |
| 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 | $166,414,247 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Houston Ballet Foundation has recieved totaling $165,000.
| Awarding Organization | Amount |
|---|---|
Melza And Frank Theodore Barr Foundation Inc Houston, TX PURPOSE: SUPPORT OF BALLET OPERATIONS | $100,000 |
The Powell Foundation Houston, TX PURPOSE: ARTS: EDUCATIONAL PROGRAMMING AND INITIATIVES FOR CHILDREN AND YOUTH | $50,000 |
The Powell Foundation Houston, TX PURPOSE: DESIGNATED GRANT: GENERAL OPERATING AND SUPPORT | $15,000 |
Endowment Analysis
| Beg. Balance | $103,394,771 |
| Earnings | -$13,604,434 |
| Admin Expense | $234,423 |
| Net Contributions | $8,014,515 |
| Other Expense | $1,190,999 |
| Ending Balance | $96,379,430 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Houston Ballet Foundation Houston, TX | $166,414,247 | $49,258,253 |
Ballet Austin Incorporated Austin, TX | $16,567,497 | $9,559,928 |
Texas Ballet Theater Inc Fort Worth, TX | $14,755,979 | $10,675,442 |
Tulsa Ballet Theater Inc Tulsa, OK | $22,400,601 | $8,502,170 |
Ballet Oklahoma Inc Oklahoma City, OK | $9,840,405 | $3,365,985 |
Ballet Lubbock Lubbock, TX | $11,609,353 | $2,793,378 |
Lone Star Ballet Inc Amarillo, TX | $2,855,420 | $1,229,506 |
Ballet San Antonio San Antonio, TX | $323,558 | $962,217 |
Baton Rouge Ballet Theatre Inc Baton Rouge, LA | $649,892 | $706,281 |
Ballet Arkansas Little Rock, AR | $727,300 | $993,614 |
Chamberlain Ballet Plano, TX | $165,106 | $597,554 |
Midland Festival Ballet Midland, TX | $220,082 | $529,242 |