Tacoma City Ballet
- Assets
- $1.1m
- Revenue
- $786.3k
- Investments
- $0.0
- Employees
- 11
- Location
- Tacoma, WA
- Founding
- 11/1996
- Data as of
- 08/2023
- EIN
- 91-1735402
Organization Overview
Tacoma City Ballet is located in Tacoma, WA. The organization was established in 1996. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., under the broad grouping of Arts, Culture & Humanities and related organizations. As of 08/2023, Tacoma City Ballet employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tacoma City Ballet 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 08/2023, Tacoma City Ballet generated $786.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $840.4k during the year ending 08/2023. While expenses have increased by 12.3% per year over the past 7 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
COMMUNITY THEATER AND DANCE INSTRUCTION
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED BALLET CLASSES TO STUDENTS OF ALL AGES.GRANTED BALLET CLASS SCHOLARSHIPS AND SUPPLIES TO STUDENTS FOR $ 0
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patra Alatsis Member At Large | Trustee | 0 | $0 |
Alan Wood Member At Large | Trustee | 0 | $0 |
Martha Mccravey President | Officer | 0 | $0 |
Erin M Ceragioli Secretary | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $88,492 |
| All other contributions, gifts, grants, and similar amounts not included above | $73,581 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $162,073 |
| Total Program Service Revenue | $616,333 |
| Investment income | $5,841 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $786,294 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $662 |
| 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. | $75,834 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $112,538 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,092 |
| Payroll taxes | -$7,578 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,521 |
| Fees for services: Accounting | $20,783 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,023 |
| Advertising and promotion | $875 |
| Office expenses | $2,350 |
| Information technology | $960 |
| Royalties | $0 |
| Occupancy | $337,511 |
| 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 | $0 |
| Insurance | $10,356 |
| All other expenses | $18,030 |
| Total functional expenses | $840,440 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $182,391 |
| Savings and temporary cash investments | $706,184 |
| 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 | $247,929 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,136,504 |
| 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 | $159,900 |
| Other liabilities | $0 |
| Total liabilities | $159,900 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $976,604 |
| Total liabilities and net assets/fund balances | $1,136,504 |