Saratoga Springs Youth Ballet Inc
- Assets
- $157.2k
- Revenue
- $263.3k
- Investments
- $0.0
- Employees
- 2
- Location
- Ballston Spa, NY
- Founding
- Data as of
- 08/2022
- EIN
- 85-2456481
Organization Overview
Saratoga Springs Youth Ballet Inc is located in Ballston Spa, NY. According to its NTEE Classification (A62) the organization is classified as: Dance, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 08/2022, Saratoga Springs Youth Ballet Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Saratoga Springs Youth Ballet 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 08/2022, Saratoga Springs Youth Ballet Inc generated $263.3k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 10.0% each year . All expenses for the organization totaled $202.4k during the year ending 08/2022. 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
REVIEWED BY THE BOARD OF DIRECTORS PRIOR TO SUBMISSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING ITS SECOND YEAR OF OPERATION, SARATOGA SPRINGS YOUTH BALLET OFFERED QUALITY DANCE INSTRUCTION TO OVER 100 CHILDREN FROM THE GREATER SARATOGA REGION, PROVIDING SCHOLARSHIP OPPORTUNITIES TO 7 DANCERS. THE CORPORATION CONTINUOUSLY WORKS TO INCREASE THE SCHOLARSHIP AND OUTREACH PROGRAMS. OVER 75 DANCERS AGES 5- 17 YEARS OLD PERFORMED IN OUR FIRST FULL NUTCRACKER PRODUCTION AT THE PERFORMING ARTS CENTER AT THE UNIVERSITY AT ALBANY. ALL SSYB STUDENTS PERFORM AT THE END OF THE YEAR SPRING CONCERT. WE HELD AN OUTREACH PROGRAM IN COLLABORATION WITH THE EASTON LIBRARY'S SUMMER READING PROGRAM "OCEANS OF POSSIBILITIES". WE AGAIN HAD THREE DISTINCT LEVELS OF SUMMER PROGRAMS FOR FIVE WEEKS WITH RENOWNED GUEST INSTRUCTORS. THE ORGANIZATION WAS APPROVED TO BECOME A MEMBER OF THE REGIONAL DANCE AMERICA, A 501(C)3 ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joan K Anderson Vice Chair | OfficerTrustee | 40 | $35,727 |
Cristiane Santos Chairwoman | OfficerTrustee | 40 | $34,236 |
Katherinie Breitenback Director | Trustee | 1 | $0 |
Erika Seller Ryan Director | Trustee | 1 | $0 |
Lorraine Merghart-Ballard Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $262,509 |
| 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 | $830 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $263,339 |
| 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. | $69,964 |
| Compensation of current officers, directors, key employees. | $34,982 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,902 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $20,004 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,293 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,211 |
| Advertising and promotion | $7,045 |
| Office expenses | $508 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $42,653 |
| Travel | $844 |
| 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 | $3,893 |
| Insurance | $3,025 |
| All other expenses | $703 |
| Total functional expenses | $202,447 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $58,334 |
| Savings and temporary cash investments | $70,009 |
| 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 | $28,877 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $157,220 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,620 |
| Total liabilities | $4,620 |
| Net assets without donor restrictions | $152,600 |
| 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 | $157,220 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alvin Ailey Dance Foundation Inc New York, NY | $224,568,695 | $40,132,303 |
Gina Gibney Dance Inc New York, NY | $10,706,486 | $12,870,414 |
Ballet Hispanico Of New York New York, NY | $24,516,405 | $5,803,635 |
Jacobs Pillow Dance Festival Inc Becket, MA | $50,618,453 | $15,555,045 |
Discalced Inc Brooklyn, NY | $21,807,049 | $14,438,321 |
New York Live Arts Inc New York, NY | $18,773,149 | $10,002,942 |
Paul Taylor Dance Foundation Inc New York, NY | $13,013,484 | $8,150,910 |
Joyce Theater Foundation Inc New York, NY | $65,012,257 | $14,438,714 |
National Dance Institute Inc New York, NY | $32,990,877 | $6,945,631 |
Baryshnikov Arts Center Inc New York, NY | $23,842,997 | $3,582,683 |
Balletx Philadelphia, PA | $5,194,722 | $3,970,836 |
Purelements An Evolution In Dance Brooklyn, NY | $717,420 | $2,009,900 |