Colorado Ballet Company
- Assets
- $10.8m
- Revenue
- $9.8m
- Investments
- $262.9k
- Employees
- 267
- Location
- Denver, CO
- Founding
- 11/1964
- Data as of
- 06/2020
- EIN
- 84-6038137
Organization Overview
Colorado Ballet Company is located in Denver, CO. The organization was established in 1964. 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 06/2021, Colorado Ballet Company employed 267 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colorado Ballet Company 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 06/2020, Colorado Ballet Company generated $9.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $9.4m during the year ending 06/2020. While expenses have increased by 4.7% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
PRESENTING CLASSICAL BALLET & INNOVATIVE DANCE THAT ENHANCES THE CULTURAL LIFE OF OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PERFORMANCES: UNDER THE LEADERSHIP OF ARTISTIC DIRECTOR GIL BOGGS AND HIS ARTISTIC TEAM, COLORADO BALLET REMAINS COMMITTED TO PRODUCING THE HIGHEST QUALITY DANCE. EACH SEASON, THE COMPANY PERFORMS TECHNICALLY CHALLENGING CLASSICAL BALLET AS WELL AS INNOVATIVE CONTEMPORARY PREMIERES. THE COMPANY'S 32 PROFESSIONAL DANCERS COME FROM ALL OVER THE WORLD, INCLUDING JAPAN, MEXICO, CUBA, CANADA, FRANCE, ETHIOPIA, AND THE UNITED STATES. ADDITIONALLY, THE STUDIO COMPANY PROVIDES BETWEEN 20 AND 25 YOUNG DANCERS WITH TRAINING AND PERFORMANCE OPPORTUNITIES AS A START TO A PROFESSIONAL CAREER IN BALLET.
EDUCATION AND ACADEMY: COLORADO BALLET ENHANCES THE CULTURAL LIFE OF COLORADO THROUGH EDUCATION AND COMMUNITY ENGAGEMENT PROGRAMS THAT SERVE STUDENTS, TEACHERS, FAMILIES, PEOPLE WITH DISABILITIES, AND LIFELONG LEARNERS IN COLORADO. OUR MISSION IS SIMPLE - EVERY. BODY. DANCE! OUR GOAL IS TO MAKE DANCE ACCESSIBLE TO EVERYONE, TO PROMOTE DANCE AND MOVEMENT AS PART OF A HEALTHY LIFESTYLE, TO ENCOURAGE CREATIVITY AND EXPRESSION THROUGH DANCE, AND FOSTER AN APPRECIATION FOR BALLET. COLORADO BALLET'S EDUCATION AND COMMUNITY ENGAGEMENT PROGRAMS, THROUGH VIRTUAL AND LIVESTREAMED PROGRAMMING, MADE OVER 91,000 CONTACTS DURING THE 2020-2021 SEASON.COLORADO BALLET ACADEMY PROVIDES TRAINING TO STUDENTS AGED THREE THROUGH ADULT, BEGINNER THROUGH PROFESSIONAL. THE ACADEMY'S UNIQUE CURRICULUM BLENDS ELEMENTS OF THE RUSSIAN, FRENCH, AND ITALIAN SCHOOLS ACCORDING TO AGE AND PHYSICAL DEVELOPMENT, RESULTING IN FINISHED DANCERS WITH CLEAN AND VIRTUOSIC TECHNIQUE, BRILLIANT ARTISTRY, STYLISTIC VERSATILITY AND THE PROWESS TO THRIVE IN THE DIVERSE CHOREOGRAPHIC DEMANDS OF TODAY. THE ACADEMY HAS HONED THE DANCE SKILLS OF THOUSANDS OF STUDENTS, AS WELL AS STARTED THE CAREERS OF MANY PROFESSIONAL DANCERS. THE ACADEMY AWARDED $72,045 IN SCHOLARSHIPS TO DESERVING STUDENTS DURING THE 2020-2021 SEASON.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Glenn Boggs Artistic Director | Officer | 40 | $195,146 |
Mark Chase Managing Director - Operations/finance | Officer | 40 | $116,709 |
Adam Sexton Managing Director - Advancement | Officer | 40 | $109,529 |
Greg Laugero Co-Chair | OfficerTrustee | 2 | $0 |
Colleen Curran Co-Chair | OfficerTrustee | 2 | $0 |
Brent Backes Finance Co-Chair | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
John Kristiansen New York Inc Costume Fabrication | 6/29/21 | $106,290 |
Parsons-meares Ltd Costume Fabrication | 6/29/21 | $135,160 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,327,496 |
| Investment income | $40,664 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $56,306 |
| Net Gain/Loss on Asset Sales | -$7,205 |
| Net Income from Fundraising Events | $7,787 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $121,756 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,808,216 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $124,832 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $522,432 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,235,529 |
| Pension plan accruals and contributions | $134,398 |
| Other employee benefits | $195,894 |
| Payroll taxes | $330,984 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $28,068 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $25,950 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,000,609 |
| Advertising and promotion | $492,916 |
| Office expenses | $96,445 |
| Information technology | $132,634 |
| Royalties | $0 |
| Occupancy | $120,503 |
| Travel | $57,967 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,075 |
| Interest | $239,865 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $223,586 |
| Insurance | $435,353 |
| All other expenses | $0 |
| Total functional expenses | $9,393,810 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,693,774 |
| Pledges and grants receivable | $392,970 |
| Accounts receivable, net | $69,544 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $42,952 |
| Prepaid expenses and deferred charges | $106,684 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $262,915 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $416,917 |
| Total assets | $10,776,318 |
| Accounts payable and accrued expenses | $393,113 |
| Grants payable | $0 |
| Deferred revenue | $800,457 |
| 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 | $514,370 |
| Unsecured mortgages and notes payable | $949,900 |
| Other liabilities | $0 |
| Total liabilities | $2,657,840 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $8,118,478 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Colorado Ballet Company has recieved totaling $303,834.
| Awarding Organization | Amount |
|---|---|
Shubert Foundation Inc New York, NY PURPOSE: GENERAL OPERATING | $100,000 |
Bonfils-Stanton Foundation Denver, CO PURPOSE: FOR GENERAL OPERATING SUPPORT | $60,000 |
Community First Foundation Arvada, CO PURPOSE: GENERAL PURPOSE | $56,912 |
Denver Foundation Denver, CO PURPOSE: WORKS CHOREOGRAPHED SINCE 2000 | $28,872 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $20,200 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $18,400 |
Endowment Analysis
| Beg. Balance | $100,550 |
| Earnings | $101 |
| Net Contributions | $14,449 |
| Other Expense | $115,100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ballet West Salt Lake City, UT | $14,080,358 | $17,158,931 |
Colorado Ballet Company Denver, CO | $10,776,318 | $9,808,216 |
Tulsa Ballet Theater Inc Tulsa, OK | $22,400,601 | $8,502,170 |
Ballet Arizona Phoenix, AZ | $11,465,321 | $6,255,701 |
Ballet Oklahoma Inc Oklahoma City, OK | $9,840,405 | $3,365,985 |
Aspen Santa Fe Ballet Aspen, CO | $7,448,531 | $3,007,327 |
Wonderbound Denver, CO | $4,425,325 | $2,413,096 |
The Boulder Ballet Boulder, CO | $335,966 | $1,043,375 |
Onstage Ogden Ogden, UT | $1,179,018 | $1,295,415 |
Ballet Nebraska Omaha, NE | $2,731,657 | $2,026,349 |
Canyon Concert Ballet Fort Collins, CO | $1,019,646 | $1,158,468 |
Ballet Etudes Gilbert, AZ | $223,402 | $696,367 |