Ketchikan Theatre Ballet
- Assets
- $97.4k
- Revenue
- $282.3k
- Investments
- $10.9k
- Employees
- 16
- Location
- Ketchikan, AK
- Founding
- 06/1970
- Data as of
- 06/2022
- EIN
- 92-0037673
Organization Overview
Ketchikan Theatre Ballet is located in Ketchikan, AK. The organization was established in 1970. 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 06/2022, Ketchikan Theatre Ballet employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ketchikan Theatre 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 06/2022, Ketchikan Theatre Ballet generated $282.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $221.5k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (3.0%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EDUCATIONAL OPPORTUNITIES IN BALLET AND OTHER FORMS OF DANCE, AS WELL AS PROVIDE CULTURAL EXPERIENCES AND PERFORMANCES INVOLVING STUDENTS AND AUDIENCES OF ALL AGES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE EDUCATIONAL OPPORTUNITIES IN BALLET AND OTHER FORMS OF DANCE, AS WELL AS PROVIDE CULTURAL EXPERIENCES AND PERFORMANCES INVOLVING STUDENTS AND AUDIENCES OF ALL AGES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicole Miller Board Member | Trustee | 1 | $0 |
Jennifer Martin Board Member | Trustee | 1 | $0 |
Natasha O'brien President | Officer | 5 | $0 |
Michael Cron Vice President | Officer | 5 | $0 |
Tiffany Cook Treasurer | Officer | 5 | $0 |
Niki Suomala Secretary | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,746 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $41,911 |
| All other contributions, gifts, grants, and similar amounts not included above | $25,401 |
| Noncash contributions included in lines 1a–1f | $7,700 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $70,058 |
| Total Program Service Revenue | $174,786 |
| Investment income | $284 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $7,000 |
| Net Income from Gaming Activities | $30,185 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $282,313 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $84,251 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,373 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,567 |
| Advertising and promotion | $1,016 |
| Office expenses | $1,907 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $65,071 |
| 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 | $795 |
| Insurance | $5,244 |
| All other expenses | $0 |
| Total functional expenses | $221,549 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $85,255 |
| Savings and temporary cash investments | $0 |
| 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 | $1,192 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $10,856 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $99 |
| Total assets | $97,402 |
| Accounts payable and accrued expenses | $160 |
| 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 | $48,254 |
| Total liabilities | $48,414 |
| Net assets without donor restrictions | $48,988 |
| 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 | $97,402 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pacific Northwest Ballet Association Seattle, WA | $17,925,584 | $12,920,719 |
Pacific Northwest Ballet Foundation Seattle, WA | $23,761,027 | $3,007,983 |
Evergreen City Ballet Renton, WA | $385,182 | $495,110 |
Olympic Ballet Theatre Edmonds, WA | $329,266 | $447,231 |
Ballet Northwest Olympia, WA | $148,580 | $403,558 |
Mid-Columbia Regional Ballet Richland, WA | $570,781 | $381,741 |
International Rhythmic Gymnastics And Ballet Renton, WA | $35,568 | $257,850 |
Ketchikan Theatre Ballet Ketchikan, AK | $97,402 | $282,313 |
Ensemble Ballet Theatre Ravensdale, WA | $110,544 | $256,430 |
Paradosi Christian Ballet Tacoma, WA | $76,811 | $0 |
Mitkof Island Dance Troupe Petersburg, AK | $159,138 | $0 |
Ballet Slipper Conservatory Of Oak Harbor Oak Harbor, WA | $18,346 | $0 |
Northwest Ballet Theater Lynden, WA | $0 | $0 |
Tacoma Performing Dance Company Tacoma, WA | $21,033 | $0 |
Imago Dance Academy Yakima, WA | $2,723 | $0 |