New Ballet School Downtown San Jose Inc
- Assets
- $1.2m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 84
- Location
- San Jose, CA
- Founding
- 05/2016
- Data as of
- 06/2022
- EIN
- 81-1657501
Organization Overview
New Ballet School Downtown San Jose Inc is located in San Jose, CA. The organization was established in 2016. According to its NTEE Classification (A6E) the organization is classified as: Performing Arts Schools, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, New Ballet School Downtown San Jose Inc employed 84 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Ballet School Downtown San Jose 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 06/2022, New Ballet School Downtown San Jose Inc generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 32.0% each year . All expenses for the organization totaled $1.4m during the year ending 06/2022. While expenses have increased by 28.4% 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
PROVIDING UNPARALLELED TRAINING FOR SERIOUS PRE-PROFESSIONAL BALLET STUDENTS. TRAINING AT THE NEW BALLET FOCUSES ON DEVELOPMENTALLY APPROPRIATE INSTRUCTION AND DANCER HEATLH FOR EACH STUDENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTION AND STUDENT SERVICE THE NEW BALLET SCHOOL IS DEDICATED TO FOSTERING THE TRADITION AND PRACTICE OF CLASSICAL BALLET IN SAN JOSE AND SILICON VALLEY. WITH A FULL PROFRESSIONAL FACULTY CERTIFIED IN THE AMERICAL BALLET THEATRE NATIONAL TRAINING CURRICULUM, THE BALLET SCHOOL COMBINES HIGH QUALITY ARTISTIC TRAINING WITH THE BASICS OF DANCER HEALTH AND CHILD DEVELOPMENT. OUR GOAL IS TO MAKE THE BENEFITS THE SERIOUS STUDY OF CLASSICAL PERFORMING ARTS AVAILABLE TO EVERONE IN OUR COMMUNITY.
PERFORMANCES DIVERSE STUDENTS FROM OUR LOCAL NEIGHBORHOODS AND BEYOND BENEFIT FROM EXPERT BALLET TRAINING AT THE NEW BALLET SCHOOL, ENJOYING CLASSES IN LARGE WELL-EQUIPPED STUDIOS ACCOMPANIED BY LIVE PIANO. PERFORMANCE OPPORTUNITIES THROUGH THE YEAR AT LOCAL THEATERS, AT SILICON VALLEY BUSINESSES, AT LOCAL PUBLIC SCHOOLS AND THROUGHOUT OUR COMMUNITY PROVIDE ARTISTIC GROWTH FOR OUR STUDENTS AND EXPOSURE TO THE ART FORM OF BALLET TO OUR COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dalia Rawson President An | OfficerTrustee | 5 | $69,826 |
Elizabeth Gummere Treasurer Se | OfficerTrustee | 2 | $0 |
Mike Lee Board Member | Trustee | 2 | $0 |
Bill Perry Board Member | Trustee | 2 | $0 |
Elizabeth Striebeck Board Member | Trustee | 2 | $0 |
Virginia Wright Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $109,535 |
| All other contributions, gifts, grants, and similar amounts not included above | $468,482 |
| Noncash contributions included in lines 1a–1f | $9,508 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $578,017 |
| Total Program Service Revenue | $1,065,239 |
| Investment income | $65 |
| 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 | $12,934 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,661,389 |
| 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. | $69,826 |
| Compensation of current officers, directors, key employees. | $27,930 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $561,396 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $61,454 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,346 |
| Advertising and promotion | $31,390 |
| Office expenses | $8,448 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $271,051 |
| Travel | $3,291 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $169 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,057 |
| Insurance | $10,363 |
| All other expenses | $11,200 |
| Total functional expenses | $1,409,975 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $899,051 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $25,693 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $8,581 |
| Prepaid expenses and deferred charges | $12,752 |
| Net Land, buildings, and equipment | $210,312 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $19,134 |
| Total assets | $1,175,523 |
| Accounts payable and accrued expenses | $25,518 |
| Grants payable | $0 |
| Deferred revenue | $241,224 |
| 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 | $92,045 |
| Other liabilities | $0 |
| Total liabilities | $358,787 |
| Net assets without donor restrictions | $816,736 |
| 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 | $1,175,523 |