Bristol Concert Ballet Company
- Assets
- $332.2k
- Revenue
- $275.2k
- Investments
- $0.0
- Employees
- 2
- Location
- Bristol, VA
- Founding
- 07/1971
- Data as of
- 06/2022
- EIN
- 23-7120686
Organization Overview
Bristol Concert Ballet Company is located in Bristol, VA. 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, Bristol Concert Ballet Company employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bristol Concert Ballet Company 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, Bristol Concert Ballet Company generated $275.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $188.4k during the year ending 06/2022. While expenses have increased by 3.1% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TEACH THE ARTS TO THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCT LOCAL POPULATION IN BALLET AND EXPOSE THEM TO THE ARTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathy Littleford Secretary | Officer | 5 | $0 |
Beth Stockner VP | Officer | 5 | $0 |
Frank Goodpasture President | Officer | 5 | $0 |
Carol Smith Treasurer | Officer | 5 | $0 |
Clare Snyder Branch Dir | Trustee | 5 | $0 |
Kim Mumpower Dir | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $118,059 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $118,059 |
| Total Program Service Revenue | $124,289 |
| Investment income | $15 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $15,816 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,573 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $275,152 |
| 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 | $70,646 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,654 |
| Payroll taxes | $6,451 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,807 |
| 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 | $3,161 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,249 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $10,930 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,949 |
| Insurance | $6,535 |
| All other expenses | $0 |
| Total functional expenses | $188,418 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $54,487 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,032 |
| 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 | $1,046 |
| Net Land, buildings, and equipment | $274,841 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $796 |
| Total assets | $332,202 |
| 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 | $162,027 |
| Unsecured mortgages and notes payable | $52,642 |
| Other liabilities | $0 |
| Total liabilities | $214,669 |
| Net assets without donor restrictions | $117,533 |
| 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 | $332,202 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Bristol Concert Ballet Company has recieved totaling $7,550.
| Awarding Organization | Amount |
|---|---|
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $7,414 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $136 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Washington Ballet Washington, DC | $7,153,807 | $8,999,163 |
Carolina Ballet Inc Raleigh, NC | $2,591,733 | $5,042,638 |
Nashville Ballet Nashville, TN | $11,017,137 | $5,073,621 |
Richmond Ballet Inc Richmond, VA | $9,343,909 | $5,961,250 |
Ballet Memphis Corporation Memphis, TN | $34,630,248 | $4,251,856 |
Maryland Youth Ballet Inc Silver Spring, MD | $1,538,079 | $2,049,323 |
Dancemakers Inc Lanham, MD | $310,676 | $1,678,634 |
Charlottesville Ballet Charlottesville, VA | $1,147,365 | $1,342,432 |
The Ballet Theatre Of Maryland Incorporated Annapolis, MD | $381,831 | $1,071,898 |
Virginia Ballet Company And School Fairfax, VA | $330,622 | $658,444 |
Winston-Salem Festival Ballet Inc Winston Salem, NC | $0 | $392,620 |
Akhmedova Ballet Foundation Inc Silver Spring, MD | $1,047,215 | $429,485 |