Ballet Arizona
- Assets
- $11.5m
- Revenue
- $6.3m
- Investments
- $148.1k
- Employees
- 194
- Location
- Phoenix, AZ
- Founding
- 07/1974
- Data as of
- 06/2021
- EIN
- 86-0367773
Organization Overview
Ballet Arizona is located in Phoenix, AZ. The organization was established in 1974. 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, Ballet Arizona employed 194 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ballet Arizona 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 06/2021, Ballet Arizona generated $6.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.8%) each year. All expenses for the organization totaled $5.8m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (4.5%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
BALLET ARIZONA IS AN INNOVATIVE AND PROVOCATIVE PROFESSIONAL BALLET COMPANY THAT CREATES, PERFORMS, AND TEACHES OUTSTANDING CLASSICAL AND CONTEMPORARY BALLET.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BALLET PERFORMANCES THAT CONTRIBUTE TO DEVELOPMENT AND MAINTENANCE OF A PROFESSIONALLY RECOGNIZED RESIDENT BALLET COMPANY. THE ORGANIZATION PRESENTED 45 PERFORMANCES WITH 72,129 ATTENDEES IN THE STATE OF ARIZONA DURING ITS REGULAR SEASON.
THE SCHOOL OF BALLET ARIZONA IS THE ORGANIZATION'S OFFICIAL TRAINING INSTITUTE. OVER 400 STUDENTS AGES 4 AND UP PARTICIPATED IN BEGINNER THROUGH ADVANCED LEVEL PROGRAMS, INCLUDING PRE-PROFESSIONAL AND RECREATIONAL OFFERINGS. DURING THIS FISCAL YEAR, STUDENTS TOOK 3,900 CLASSES OFFERED ALONGSIDE PROFESSIONAL DANCERS AND ARTISTIC STAFF OF BALLET ARIZONA. A RESOURCE OF COMMITTED AND INSPIRED TEACHERS GENERATED AN IMAGINATIVE, CREATIVE AND PRODUCTIVE RESPONSE. THE SCHOOL OF BALLET ARIZONA STUDENTS ARE ABLE TO SHARE THEIR LOVE OF DANCING IN COMMUNITY EVENTS THAT CONTRIBUTE TO THE INTRODUCTION OF THE ARTS TO YOUNG PEOPLE THROUGHOUT METROPOLITAN PHOENIX.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ib Andersen Artistic Director | Officer | 40 | $235,827 |
Samantha Turner Executive Director | Officer | 40 | $150,462 |
Maria Simonetti Rehearsal & School Director | 40 | $100,993 | |
Sarah Kist Secretary | OfficerTrustee | 4 | $0 |
Mike Bolar Vice Chair | OfficerTrustee | 4 | $0 |
Van Wolf Treasurer, Finance Committee Chair | OfficerTrustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Phoenix Symphony Orchestra Music For Performances | 6/29/20 | $471,920 |
Phoenix Symphony Orchestra Music For Performances | 6/29/20 | $471,920 |
Phoenix Convention Center Theatre Rental | 6/29/20 | $104,842 |
Commit Agency Marketing | 6/29/20 | $247,370 |
Phoenix Convention Center Theatre Rental | 6/29/20 | $104,842 |
Commit Agency Marketing | 6/29/20 | $247,370 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $231,560 |
| Related organizations | $0 |
| Government grants | $1,066,790 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,285,675 |
| Noncash contributions included in lines 1a–1f | $27,427 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,584,025 |
| Total Program Service Revenue | $1,467,479 |
| Investment income | $289,365 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$30,046 |
| Net Income from Fundraising Events | -$43,981 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$11,141 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,255,701 |
| 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. | $413,845 |
| Compensation of current officers, directors, key employees. | $171,100 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,397,904 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $621,655 |
| Payroll taxes | $237,514 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,208 |
| Fees for services: Accounting | $70,663 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $23,500 |
| Fees for services: Investment Management | $31,383 |
| Fees for services: Other | $130,293 |
| Advertising and promotion | $108,522 |
| Office expenses | $0 |
| Information technology | $127,675 |
| Royalties | $70,484 |
| Occupancy | $280,975 |
| Travel | $9,078 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,319 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $385,351 |
| Insurance | $46,950 |
| All other expenses | $37,198 |
| Total functional expenses | $5,779,398 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $967,199 |
| Savings and temporary cash investments | $814,835 |
| Pledges and grants receivable | $830,205 |
| Accounts receivable, net | $889 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $19,240 |
| Prepaid expenses and deferred charges | $61,691 |
| Net Land, buildings, and equipment | $3,308,256 |
| Investments—publicly traded securities | $5,297,588 |
| Investments—other securities | $148,068 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $17,350 |
| Total assets | $11,465,321 |
| Accounts payable and accrued expenses | $425,679 |
| Grants payable | $0 |
| Deferred revenue | $199,585 |
| 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 | $0 |
| Total liabilities | $625,264 |
| Net assets without donor restrictions | $4,330,110 |
| Net assets with donor restrictions | $6,509,947 |
| 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 | $11,465,321 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ballet Arizona has recieved totaling $225.
| Awarding Organization | Amount |
|---|---|
Sherman And Linda Saperstein Charitable Trust Scottsdale, AZ PURPOSE: SUPPORT OF DANCE PROGRAMMING | $225 |
Endowment Analysis
| Beg. Balance | $4,606,871 |
| Earnings | $1,142,795 |
| Admin Expense | $31,383 |
| Net Contributions | $1,500 |
| Other Expense | $831,061 |
| Ending Balance | $4,888,722 |
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 |
Ballet Arizona Phoenix, AZ | $11,465,321 | $6,255,701 |
The Wooden Floor For Youth Movement Santa Ana, CA | $14,794,829 | $2,954,503 |
Smuin Ballets-Sf San Francisco, CA | $10,091,492 | $3,860,023 |
Dance Downtown La Inc Los Angeles, CA | $2,086,365 | $3,424,604 |
Aspen Santa Fe Ballet Aspen, CO | $7,448,531 | $3,007,327 |
Wonderbound Denver, CO | $4,425,325 | $2,413,096 |
Long Beach Ballet Arts Center Long Beach, CA | $362,666 | $1,208,690 |
Berkeley Ballet Theatre Inc Berkeley, CA | $687,595 | $961,031 |
The Boulder Ballet Boulder, CO | $335,966 | $1,043,375 |
Onstage Ogden Ogden, UT | $1,179,018 | $1,295,415 |