Texas Ballet Theater Inc
- Assets
- $16.5m
- Revenue
- $9.8m
- Investments
- $0.0
- Employees
- 327
- Location
- Fort Worth, TX
- Founding
- 03/2004
- Data as of
- 06/2023
- EIN
- 84-1622654
Organization Overview
Texas Ballet Theater Inc is located in Fort Worth, TX. The organization was established in 2004. 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 06/2023, Texas Ballet Theater Inc employed 327 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas 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 06/2023, Texas Ballet Theater Inc generated $9.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $9.1m during the year ending 06/2023. While expenses have increased by 0.8% per year over the past 8 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
TEXAS BALLET THEATER CREATES, PRESENTS, AND TOURS WORLD CLASS BALLET, FROM CLASSICAL TO CUTTING EDGE, AND PROMOTES ITS APPRECIATION, ACCESSIBILITY, AND TECHNICAL MASTERY AMONG STUDENTS, PRE-PROFESSIONALS, AND AUDIENCES OF ALL AGES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TEXAS BALLET THEATER PROVIDED 52 HIGH QUALITY BALLET PERFORMANCES IN DALLAS AND FORT WORTH, TEXAS FOR 63,835 PATRONS DURING THE FISCAL YEAR ENDED JUNE 30, 2023. THE PRODUCTIONS INCLUDED A COMPANY PREMIER OF "CIRQUE DU BALLET' BY BEN STEVENSON O.B.E. AS WELL AS FAMILY FAVORITES "THE NUTCRACKER AND "ALICE IN WONDERLAND" ALSO BY BEN STEVENSON O.B.E..
TEXAS BALLET THEATER PROVIDED SUCCESSFUL TRAINING PROGRAMS FOR THE PERFORMING ARTS WITH PROFESSIONAL INSTRUCTION AND DANCE EDUCATION IN BOTH FORT WORTH AND RICHARDSON, TEXAS. APPROXIMATELY 696 STUDENTS PARTICIPATED IN THE PROGRAMS DURING THE FISCAL YEAR ENDING JUNE 30, 2023.
TEXAS BALLET THEATER'S CITY DANCE PROGRAM WAS CREATED TO ENRICH THE LIVES OF CHILDREN IN UNDERSERVED COMMUNITIES ACROSS NORTH TEXAS. THIS FREE AFTER-SCHOOL BALLET PROGRAM CURRICULUM IS DESIGNED TO DEVELOP ARTISTS, ART PATRONS AND LEADERS OF THE FUTURE. APPROXIMATELY 652 K-4TH GRADE STUDENTS PARTICIPATED IN 40 SCHOOLS LOCATED IN ARLINGTON, CROWLEY, EVERMAN, DALLAS, FORT WORTH, GRAND PRAIRIE, AND RICHARDSON INDEPENDENT SCHOOL DISTRICTS DURING THE FISCAL YEAR ENDED JUNE 30. 2023.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anne T Bass Chairman | OfficerTrustee | 3 | $0 |
Camille R Comeau Treasurer | OfficerTrustee | 2 | $0 |
Mary Lynn Garrett Executive Committee | Trustee | 2 | $0 |
Shannon M Nolan Board Of Governors | Trustee | 1 | $0 |
Randell Goss Board Of Governors | Trustee | 1 | $0 |
Robert M Bass Board Of Governors | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
At&t Performing Arts Center Dallas Performance Expenses | 6/29/23 | $143,591 |
Performing Arts Of Fort Worth Fort Worth Performance Expenses | 6/29/23 | $499,265 |
Schaefer Advertising Co Ltd Marketing Consultant | 6/29/23 | $658,898 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $801,055 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,516,348 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,317,403 |
| Total Program Service Revenue | $6,345,431 |
| Investment income | $5,710 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $76,618 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$54,225 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $11,776 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,804,915 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $24,869 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $620,427 |
| Compensation of current officers, directors, key employees. | $71,767 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,151,508 |
| Pension plan accruals and contributions | $46,338 |
| Other employee benefits | $932,223 |
| Payroll taxes | $297,493 |
| 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 | $164,166 |
| Advertising and promotion | $1,058,863 |
| Office expenses | $64,018 |
| Information technology | $13,922 |
| Royalties | $0 |
| Occupancy | $933,188 |
| Travel | $0 |
| 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 | $519,028 |
| Insurance | $133,632 |
| All other expenses | $0 |
| Total functional expenses | $9,097,843 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,950,369 |
| Savings and temporary cash investments | $325,000 |
| Pledges and grants receivable | $85,949 |
| Accounts receivable, net | $126,897 |
| Loans from Officers, Directors, or Controlling Persons | $66,064 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,575 |
| Prepaid expenses and deferred charges | $207,018 |
| Net Land, buildings, and equipment | $5,875,569 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $758,672 |
| Other assets | $95,392 |
| Total assets | $16,492,505 |
| Accounts payable and accrued expenses | $317,496 |
| Grants payable | $0 |
| Deferred revenue | $940,184 |
| 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 | $701,515 |
| Total liabilities | $1,959,195 |
| Net assets without donor restrictions | $13,692,506 |
| Net assets with donor restrictions | $840,804 |
| 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 | $16,492,505 |