The Portland Ballet
- Assets
- $907.3k
- Revenue
- $797.4k
- Investments
- $0.0
- Employees
- 46
- Location
- Portland, OR
- Founding
- 05/2002
- Data as of
- 06/2021
- EIN
- 93-1320715
Organization Overview
The Portland Ballet is located in Portland, OR. The organization was established in 2002. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 06/2021, Portland Ballet employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Portland 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 06/2021, Portland Ballet generated $797.4k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $609.2k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (3.9%) 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
THE PORTLAND BALLET'S 3 PRIMARY PURPOSES (1) THE ESTABLISHMENT OF A SCHOLARSHIP FUND FOR CHILDREN WHO CAN'T AFFORD BALLET CLASS TUITION PAYMENTS (2) TO CREATE AND IMPLEMENT OUTREACH PROGRAMS FOR THE PUBLIC SCHOOLS TO GET THEM INVOLVED IN THE COMMUNITY OF DANCE AND (3) TO FUND DANCE PERFORMANCES OF YOUTH GROUPS TO ENCOURAGE YOUNG PEOPLE TO PERFORM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF THE ACADEMY, PROVISION OF CREATIVE BALLET, CURRICULUM BALLET, MEN'S BALLET AND OPEN BALLET CLASSES INCLUDING PERFORMANCES SHOWCASING THE STUDENTS PERFORMANCE SKILLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Lane Executive Di | Trustee | 1 | $9,406 |
Nadia Jawors Secretary | Officer | 1 | $0 |
Melissa Peterman President | Officer | 1 | $0 |
David Jinings Member | Trustee | 1 | $0 |
Amy Benton Member | Trustee | 1 | $0 |
Richard Stein Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $348,923 |
| All other contributions, gifts, grants, and similar amounts not included above | $162,343 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $511,266 |
| Total Program Service Revenue | $286,183 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $797,449 |
| 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. | $9,406 |
| Compensation of current officers, directors, key employees. | $4,703 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $365,072 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $17,530 |
| Payroll taxes | $37,330 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,125 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,353 |
| Advertising and promotion | $1,478 |
| Office expenses | $9,678 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $83,364 |
| 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 | $37,227 |
| Insurance | $1,997 |
| All other expenses | $5,422 |
| Total functional expenses | $609,230 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $578,627 |
| 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 | $328,628 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $907,255 |
| 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 | $243,160 |
| Total liabilities | $243,160 |
| Net assets without donor restrictions | $664,095 |
| 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 | $907,255 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Portland Ballet has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Norvell Family Foundation Inc Tulsa, OK PURPOSE: SUPPORT | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Charles And Helen Schwab Foundation San Francisco, CA | $691,573,201 | $120,025,754 |
Hispanic Scholarship Fund Gardena, CA | $152,619,685 | $60,036,131 |
College Track Oakland, CA | $64,375,720 | $27,539,542 |
Business For Social Responsibility San Francisco, CA | $23,283,625 | $33,746,077 |
Mcconnell Foundation Redding, CA | $0 | $21,867,294 |
Making Waves Foundation Inc Richmond, CA | $241,696,341 | $12,436,212 |
Port Of Los Angeles High School San Pedro, CA | $18,161,675 | $15,549,620 |
Uc Hastings Foundation San Francisco, CA | $2,612,244 | $11,589,695 |
The Rogers Foundation Las Vegas, NV | $98,020,626 | $8,861,096 |
La Promise Fund Los Angeles, CA | $8,970,074 | $12,859,195 |
Society Of Hispanic Professional Engineers City Of Industry, CA | $8,652,087 | $11,894,639 |
Oakland Promise Oakland, CA | $69,217,814 | $17,084,213 |