Hickory Ballet & Performing Arts
- Assets
- $217.9k
- Revenue
- $278.7k
- Investments
- $0.0
- Employees
- 17
- Location
- Hickory, NC
- Founding
- 04/2019
- Data as of
- 07/2023
- EIN
- 82-3438309
Organization Overview
Hickory Ballet & Performing Arts is located in Hickory, NC. The organization was established in 2019. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 07/2023, Hickory Ballet & Performing Arts employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hickory Ballet & Performing Arts 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 07/2023, Hickory Ballet & Performing Arts generated $278.7k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 12.8% each year . All expenses for the organization totaled $225.5k during the year ending 07/2023. While expenses have increased by 6.2% per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO INSPIRE AND EMPOWER OUR COMMUNITY THROUGH CLASSICAL BALLET AND THE PERFORMING ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OFFER PRE-PROFESSIONAL CLASSES IN BALLET AND RELATED PERFORMING ARTS THAT ARE COST-EFFECTIVE, INCLUDING OFFERING SCHOLARSHIPS.
OFFER PERFORMANCE OPPORTUNITIES OF TWO FULL-LENGTH MUSICALS A YEAR AND OFFER SCHOOL SHOWS GIVING CHIDREN THE OPPORTUNITY TO PERFORM
OUTREACH DANCE AT SENIOR HOMES AND LOCAL LIBRARIES, 9-12 PERFORMANCES BRINGING THE ARTS TO CHILDREN AND THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adrienne Lowman Director | Trustee | 40 | $29,504 |
Leanna Bodnar Executive Dir. | OfficerTrustee | 35 | $27,100 |
Emily Garmon Secretary | Trustee | 0 | $0 |
Josh Walker Trustee | Trustee | 0 | $0 |
Jordan Faulkner Trustee | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $183,100 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $46,719 |
| All other contributions, gifts, grants, and similar amounts not included above | $35,899 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $265,718 |
| Total Program Service Revenue | $0 |
| 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 | $9,258 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,683 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $278,659 |
| 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. | $56,604 |
| Compensation of current officers, directors, key employees. | $9,485 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $54,443 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,860 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,240 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,918 |
| Advertising and promotion | $1,021 |
| Office expenses | $1,434 |
| Information technology | $8,477 |
| Royalties | $0 |
| Occupancy | $41,375 |
| Travel | $295 |
| 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 | $2,746 |
| Insurance | $2,387 |
| All other expenses | $3,481 |
| Total functional expenses | $225,460 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $155,439 |
| 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 | $12,445 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $43,442 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,595 |
| Total assets | $217,921 |
| Accounts payable and accrued expenses | $0 |
| 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 | $36,800 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $79,501 |
| Total liabilities | $116,301 |
| Net assets without donor restrictions | $101,620 |
| 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 | $217,921 |