Pittsburgh Ballet Theatre Inc
- Assets
- $29.2m
- Revenue
- $16.2m
- Investments
- $354.0k
- Employees
- 265
- Location
- Pittsburgh, PA
- Founding
- 03/1971
- Data as of
- 06/2022
- EIN
- 23-7101094
Organization Overview
Pittsburgh Ballet Theatre Inc is located in Pittsburgh, PA. The organization was established in 1971. 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, Pittsburgh Ballet Theatre Inc employed 265 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pittsburgh Ballet Theatre Inc 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, Pittsburgh Ballet Theatre Inc generated $16.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $12.4m during the year ending 06/2022. While expenses have increased by 3.7% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE BALLET IS PITTSBURGH'S SOURCE AND AMBASSADOR FOR EXTRAORDINARY BALLET EXPERIENCES.
Describe the Organization's Program Activity:
PRODUCTION AND PERFORMANCE OF BALLET - EXPOSE AUDIENCES, BOTH IN PITTSBURGH AND ON TOUR, TO WORLD-CLASS BALLET THROUGH PRESENTATION OF TRADITIONAL BALLETS BY LEGENDARY MASTERS AND THE COMMISSION AND PRESENTATION OF NEW WORKS BY INNOVATIVE CHOREOGRAPHERS. THERE WERE 35 PERFORMANCES WITH 39,176 PATRONS ATTENDING.
SCHOOL - 980 STUDENTS ARE ENROLLED IN THE PROGRAM WHICH ATTRACTS, DEVELOPS AND RETAINS EXCELLENT DANCERS. THE SCHOOL WORKS TO INSTILL A LONG-TERM VALUE OF THE ART FORM IN EACH STUDENT WHILE EMPHASIZING THE STUDY OF DIVERSE, HIGH QUALITY CURRICULUM IN A POSITIVE AND INSPIRATIONAL LEARNING ENVIRONMENT.
ARTS EDUCATION - SERVES MORE THAN 13,000 ADULTS AND CHILDREN EACH YEAR THROUGH PROGRAMS THAT BROADEN AND DIVERSIFY ACCESS TO THE ART FORM. PROGRAMMING TAKES PLACE BOTH ON THE PBT CAMPUS AND IN SCHOOLS, COMMUNITY CENTERS, LIBRARIES, PUBLIC SPACES AND AT THE THEATER. THE DEPARTMENT ALSO COORDINATES ACCESSIBILITY INITIATIVES, WHICH INCLUDE CLASSES AND PERFORMANCES, AS WELL AS THEATER ACCOMMODATIONS, FOR PATRONS WITH SPECIAL NEEDS. THE DEPARTMENT'S NEEDS-BASED SCHOLARSHIP PROGRAM AFFORDS YOUNG CHILDREN FROM DIVERSE SOCIOECONOMIC BACKGROUNDS THE OPPORTUNITY TO STUDY BALLET AND DANCE AT PBT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Harris Ferris Executive Director | Officer | 40 | $252,225 |
Susan Jaffe Artistic Director | Officer | 40 | $206,118 |
Jay Romano Chief Financial Officer | Officer | 40 | $165,225 |
Rich Beaty Treasurer | OfficerTrustee | 0.1 | $0 |
Mary Mckinney Chair | OfficerTrustee | 0.1 | $0 |
Ayana Teter Vice Chair | OfficerTrustee | 0.1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jendoco Construction Roof Completion/renovations | 6/29/22 | $130,173 |
Flyspace Productions Mobile Stage Set Up | 6/29/22 | $106,450 |
Nartak Media Group Radio/tv/billboard Advertising | 6/29/22 | $101,874 |
Chatham University Student Housing | 6/29/22 | $188,827 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $307,025 |
| Related organizations | $0 |
| Government grants | $4,245,123 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,233,384 |
| Noncash contributions included in lines 1a–1f | $491,185 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,785,532 |
| Total Program Service Revenue | $4,216,162 |
| Investment income | $321,021 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,167,541 |
| Net Income from Fundraising Events | -$44,056 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $43,136 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,154,254 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $444,493 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $851,879 |
| Compensation of current officers, directors, key employees. | $518,428 |
| Compensation to disqualified persons | $40,000 |
| Other salaries and wages | $3,034,585 |
| Pension plan accruals and contributions | $107,465 |
| Other employee benefits | $402,983 |
| Payroll taxes | $269,339 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,915 |
| Fees for services: Accounting | $45,699 |
| Fees for services: Lobbying | $12,896 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $71,667 |
| Fees for services: Other | $93,245 |
| Advertising and promotion | $504,886 |
| Office expenses | $63,410 |
| Information technology | $101,430 |
| Royalties | $0 |
| Occupancy | $197,690 |
| Travel | $17,824 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,726 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $819,891 |
| Insurance | $84,013 |
| All other expenses | $732,929 |
| Total functional expenses | $12,380,297 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,522,456 |
| Savings and temporary cash investments | $5,655,829 |
| Pledges and grants receivable | $547,362 |
| Accounts receivable, net | $126,490 |
| Loans from Officers, Directors, or Controlling Persons | $65 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $23,654 |
| Prepaid expenses and deferred charges | $354,440 |
| Net Land, buildings, and equipment | $9,232,706 |
| Investments—publicly traded securities | $11,196,914 |
| Investments—other securities | $353,955 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $189,668 |
| Total assets | $29,203,539 |
| Accounts payable and accrued expenses | $564,300 |
| Grants payable | $0 |
| Deferred revenue | $1,215,905 |
| 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 | $981,656 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,761,861 |
| Net assets without donor restrictions | $5,593,798 |
| Net assets with donor restrictions | $20,847,880 |
| 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 | $29,203,539 |
Grants Recieved
Over the last fiscal year, we have identified 49 grants that Pittsburgh Ballet Theatre Inc has recieved totaling $2,227,341.
| Awarding Organization | Amount |
|---|---|
Richard King Mellon Foundation Dtd 01-01-47 Pittsburgh, PA PURPOSE: FOR ARTISTIC PERFORMANCES AND EDUCATION PROGRAMS THAT ENGAGE AUDIENCES, STUDENTS, AND FAMILIES TO IMPROVE QUALITY OF LIFE THROUGH ACCESS TO THE ARTS | $350,000 |
Richard King Mellon Foundation Dtd 01-01-47 Pittsburgh, PA PURPOSE: FOR ARTISTIC PERFORMANCES AND EDUCATION PROGRAMS THAT ENGAGE AUDIENCES, STUDENTS, AND FAMILIES TO IMPROVE QUALITY OF LIFE THROUGH ACCESS TO THE ARTS | $350,000 |
Hillman Family Foundations Pittsburgh, PA PURPOSE: COVID-19: ARTS AND CULTURE RECOVERY SUPPORT | $250,000 |
The Heinz Endowments Pittsburgh, PA PURPOSE: FOR ONE YEAR OPERATING SUPPORT (2021-2022) | $210,000 |
Hilda M Willis Tr Foundation Pittsburgh, PA PURPOSE: GENERAL OPERATING | $150,000 |
Allegheny Foundation Pittsburgh, PA PURPOSE: GENERAL OPERATING SUPPORT | $100,000 |
Endowment Analysis
| Beg. Balance | $10,758,728 |
| Earnings | -$1,569,638 |
| Net Contributions | $51,711 |
| Other Expense | $468,000 |
| Ending Balance | $8,772,801 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New York City Ballet Inc New York, NY | $352,054,118 | $35,122,869 |
Ballet Theatre Foundation Inc New York, NY | $91,391,905 | $56,242,034 |
Pittsburgh Ballet Theatre Inc Pittsburgh, PA | $29,203,539 | $16,154,254 |
Pennsylvania Ballet Association Philadelphia, PA | $31,402,587 | $18,957,678 |
Cincinnati Ballet Company Inc Cincinnati, OH | $28,225,838 | $12,007,959 |
Ballet Metropolitan Inc Columbus, OH | $13,150,540 | $7,739,690 |
Dance Theatre Of Harlem Inc New York, NY | $25,291,917 | $7,150,839 |
Ballet Tech Foundation Inc New York, NY | $31,444,283 | $5,751,049 |
Princeton Ballet Society New Brunswick, NJ | $2,389,360 | $4,682,315 |
Youth America Grand Prix Inc New York, NY | $3,021,987 | $5,148,800 |
Maryland Youth Ballet Inc Silver Spring, MD | $1,538,079 | $2,049,323 |
Central Pa Youth Ballet Carlisle, PA | $5,952,312 | $2,863,907 |