Newport Contemporary Ballet
- Assets
- $1.6m
- Revenue
- $866.6k
- Investments
- $0.0
- Employees
- 24
- Location
- Newport, RI
- Founding
- 04/1985
- Data as of
- 08/2022
- EIN
- 22-2587551
Organization Overview
Newport Contemporary Ballet is located in Newport, RI. The organization was established in 1985. 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, Newport Contemporary Ballet employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Newport Contemporary 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 08/2022, Newport Contemporary Ballet generated $866.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $1.1m during the year ending 08/2022. While expenses have increased by 7.4% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PRESENT DANCE PERFORMANCES PRIMARILY IN RHODE ISLAND AND MASSACHUSETTS AND PROVIDE MOVEMENT AND TEACH DANCE EDUCATION IN THE AREA
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESENTATION AND PROMOTION OF DANCE THROUGH EVENTS IN NEWPORT COUNTY, RHODE ISLAND INSTRUCTION AND EDUCATIONAL PROGRAMS IN NEWPORT COUNTY SCHOOLS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Bramante Executive Diector | 40 | $50,000 | |
Paul Mcgreevy Treasurer | OfficerTrustee | 1 | $0 |
Martha Parker Chairman | OfficerTrustee | 1 | $0 |
Bethany Dinapoli Vice Chair | OfficerTrustee | 1 | $0 |
Hanna Pfeiffer Secretary | OfficerTrustee | 1 | $0 |
Erin Flynn Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $412,323 |
| All other contributions, gifts, grants, and similar amounts not included above | $141,596 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $553,919 |
| Total Program Service Revenue | $169,762 |
| Investment income | $392 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $633 |
| Net Income from Fundraising Events | $141,856 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $866,562 |
| 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. | $50,000 |
| Compensation of current officers, directors, key employees. | $5,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $439,516 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $50,829 |
| Fees for services: Management | $29,301 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,415 |
| Information technology | $3,575 |
| Royalties | $0 |
| Occupancy | $31,102 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $875 |
| Interest | $3,803 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,030 |
| Insurance | $17,180 |
| All other expenses | $98,600 |
| Total functional expenses | $1,074,568 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $258,532 |
| Savings and temporary cash investments | $126,628 |
| Pledges and grants receivable | $415,779 |
| Accounts receivable, net | $389,071 |
| 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 | $44,710 |
| Net Land, buildings, and equipment | $114,616 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $216,702 |
| Total assets | $1,566,038 |
| Accounts payable and accrued expenses | $163,809 |
| 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 | $325,148 |
| Total liabilities | $488,957 |
| Net assets without donor restrictions | $222,588 |
| Net assets with donor restrictions | $854,493 |
| 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 | $1,566,038 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Newport Contemporary Ballet has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Watkins Burnham Fund Providence, RI PURPOSE: PROGRAM SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jacobs Pillow Dance Festival Inc Becket, MA | $50,618,453 | $15,555,045 |
Pilobolus Inc Washington Depot, CT | $1,499,058 | $1,071,479 |
Newport Contemporary Ballet Newport, RI | $1,566,038 | $866,562 |
Yard Inc Chilmark, MA | $3,361,731 | $1,078,007 |
Urbanity Dance Inc Boston, MA | $1,445,137 | $981,889 |
Boston Dance Alliance Inc Boston, MA | $242,353 | $821,838 |
New Dance Complex Inc Cambridge, MA | $1,052,113 | $808,700 |
Nsb Inc Reading, MA | $288,583 | $802,491 |
Enchanted Circle Inc Holyoke, MA | $502,173 | $622,323 |
64th National Square Dance Convention Westfield, MA | $106,353 | $396,349 |
Berkshire Pulse Inc Housatonic, MA | $538,110 | $426,321 |
Society Of Health And Physical Educators Wallingford, CT | $679,970 | $300,375 |