Wichita Falls Ballet Theater Inc
- Assets
- $299.2k
- Revenue
- $314.1k
- Investments
- $0.0
- Employees
- 1
- Location
- Wichita Falls, TX
- Founding
- 06/1966
- Data as of
- 07/2022
- EIN
- 75-6050463
Organization Overview
Wichita Falls Ballet Theater Inc is located in Wichita Falls, TX. The organization was established in 1966. According to its NTEE Classification (A63) the organization is classified as: Ballet, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wichita Falls Ballet Theater 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 07/2022, Wichita Falls Ballet Theater Inc generated $314.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $440.6k during the year ending 07/2022. While expenses have increased by 8.7% 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
BALLET PRODUCTIONS PRESENTED TO THE PUBLIC IN THE WICHITA FALLS AREA FOR THEIR ENJOYMENT AND TO PROMOTE THE PERFORMING ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BALLET PRODUCTIONS PRESENTED TO THE PUBLIC IN THE WICHITA FALLS AREA FOR THEIR ENJOYMENT AND TO PROMOTE THE PERFORMING ARTS.
BALLET PRODUCTIONS PRESENTED TO THE PUBLIC IN THE WICHITA FALLS AREA FOR THEIR ENJOYMENT AND TO PROMOTE THE PERFORMING ARTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Valentine Liberatore Executive Di | Officer | 1 | $27,848 |
Hans-Peter Schuele President | OfficerTrustee | 20 | $0 |
Cheryl Felix Secretary | OfficerTrustee | 3 | $0 |
Robert Kincheloe Treasurer | OfficerTrustee | 5 | $0 |
Brooke Willis Vice Preside | OfficerTrustee | 5 | $0 |
Kristina Pindell Guild Presid | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $166,281 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $170,281 |
| Total Program Service Revenue | $143,860 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$87 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $314,054 |
| 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. | $27,848 |
| Compensation of current officers, directors, key employees. | $20,278 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,130 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,735 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $45,842 |
| Office expenses | $6,494 |
| Information technology | $0 |
| Royalties | $600 |
| Occupancy | $28,446 |
| Travel | $24,304 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,781 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,539 |
| Insurance | $8,475 |
| All other expenses | $132,616 |
| Total functional expenses | $440,646 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $179,644 |
| 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 | $0 |
| Net Land, buildings, and equipment | $119,606 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | -$43 |
| Total assets | $299,207 |
| Accounts payable and accrued expenses | $368 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $200,100 |
| Total liabilities | $200,468 |
| Net assets without donor restrictions | $98,739 |
| Net assets with donor restrictions | $0 |
| 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 | $299,207 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Wichita Falls Ballet Theater Inc has recieved totaling $98,583.
| Awarding Organization | Amount |
|---|---|
Priddy Foundation Wichita Falls, TX PURPOSE: PROGRAM SUPPORT FOR SEASON 2021-2022 | $100,000 |
Bryant Edwards Foundation Inc Wichita Falls, TX PURPOSE: OPERATING BUDGET | $6,000 |
Fain Foundation Wichita Falls, TX PURPOSE: OPERATING BUDGET | $6,000 |
Priddy Foundation Wichita Falls, TX PURPOSE: PROGRAM SUPPORT FOR SEASON 2019-2020 REFUND | -$13,417 |
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 |