New Orleans Ballet Association
- Assets
- $4.0m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 15
- Location
- New Orleans, LA
- Founding
- 08/1971
- Data as of
- 06/2021
- EIN
- 23-7122403
Organization Overview
New Orleans Ballet Association is located in New Orleans, LA. The organization was established in 1971. According to its NTEE Classification (A61) the organization is classified as: Performing Arts Centers, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, New Orleans Ballet Association employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Orleans Ballet Association 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, New Orleans Ballet Association generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (10.2%) each year. All expenses for the organization totaled $716.3k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (16.2%) 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
NEW ORLEANS BALLET ASSOCIATION(NOBA)'S INTERNATIONALLY RECOGNIZED, AWARD-WINNING COMMUNITY SERVICE PROGRAMS PROVIDE ACCESSIOBLE, INCLUSIVE, COMPREHENSIVE,QUALITY ARTS INSTRUCTION AND PERFORMANCE OPPORTUNITIES FOR INDIVIDUALS 3-80+ WITH OVER 3,000 DANCE, ARTS MOVEMENT AND HEALTH/WELLNESS CLASSES AND ACTIVITIES-ALL COMPLETELY TUITION-FREE--AT UP TO 20 NEIGHBORHOOD SITES WHERE NOBA ALSO PRODUCES ITS CONCERT SERIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NO MAIN STAGE PERFORMANCES DUE TO COVID
NO MAIN STAGE PERFORMANCES DUE TO COVID
NO MAIN STAGE PERFORMANCES DUE TO COVID
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jenny Hamilton Executive Director | Officer | 40 | $82,269 |
See Attached Listing Directors | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $75,298 |
| Related organizations | $0 |
| Government grants | $147,294 |
| All other contributions, gifts, grants, and similar amounts not included above | $576,335 |
| Noncash contributions included in lines 1a–1f | $30,701 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $798,927 |
| Total Program Service Revenue | $0 |
| Investment income | $151,495 |
| 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 | $1,070,022 |
| 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. | $82,269 |
| Compensation of current officers, directors, key employees. | $10,504 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $227,721 |
| Pension plan accruals and contributions | $207 |
| Other employee benefits | $53,396 |
| Payroll taxes | -$37,880 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,419 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,936 |
| Office expenses | $7,321 |
| Information technology | $3,493 |
| Royalties | $0 |
| Occupancy | $67,599 |
| 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 | $0 |
| Insurance | $10,998 |
| All other expenses | $73,742 |
| Total functional expenses | $716,312 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $473,812 |
| Savings and temporary cash investments | $2,281,614 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $137,164 |
| 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 | $663,333 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $470,044 |
| Total assets | $4,025,967 |
| Accounts payable and accrued expenses | $19,625 |
| Grants payable | $0 |
| Deferred revenue | $175,644 |
| 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 | $129,255 |
| Other liabilities | $0 |
| Total liabilities | $324,524 |
| Net assets without donor restrictions | $1,611,567 |
| Net assets with donor restrictions | $2,089,876 |
| 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 | $4,025,967 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that New Orleans Ballet Association has recieved totaling $331,428.
| Awarding Organization | Amount |
|---|---|
Lois And Lloyd Hawkins Jr Foundation New Orleans, LA PURPOSE: DONATION TO SUPPORT BALLET IN THE NEW ORLEANS AREA | $150,000 |
The Greater New Orleans Foundation New Orleans, LA PURPOSE: FUND RAISING & FUND DISTRIBUTION | $37,541 |
The Oscar J Tolmas Charitable Trust Metairie, LA PURPOSE: TO ASSIST IN THE ORGANIZATION'S TAX EXEMPT MISSION | $35,000 |
Helis Foundation New Orleans, LA PURPOSE: GENERAL OPERATING EXPENSES AND OVATION PROGRAM | $35,000 |
Laureus Sport For Good Foundation Of America New York, NY PURPOSE: GENERAL SUPPORT | $20,000 |
Parkinsons Foundation Inc Miami, FL | | $15,629 |
Endowment Analysis
| Beg. Balance | $364,955 |
| Earnings | $91,651 |
| Ending Balance | $456,606 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Performing Arts Fort Worth Inc Fort Worth, TX | $130,618,856 | $15,938,262 |
Dallas Summer Musicals Inc Dtd 121862 Dallas, TX | $10,391,803 | $15,176,693 |
Greater Austin Performing Arts Center Austin, TX | $60,832,333 | $4,600,967 |
Stages Houston, TX | $35,203,862 | $5,949,704 |
Lubbock Entertainment And Performing Arts Association Lubbock, TX | $190,146,565 | $3,966,271 |
Mississippi Arts And Entertainment Center Meridian, MS | $14,826,824 | $2,667,406 |
Contemporary Arts Center New Orleans, LA | $8,950,916 | $2,836,743 |
Preservation Hall Foundation Inc New Orleans, LA | $2,657,700 | $2,671,447 |
El Dorado Festivals & Events Inc El Dorado, AR | $56,070,172 | $5,007,919 |
Georgetown Palace Theatre Inc Georgetown, TX | $7,443,591 | $5,634,871 |
Sammons Center For The Arts Dallas, TX | $1,480,385 | $820,044 |
Brandon House Cultural & Performing Arts Center Little Rock, AR | $450,081 | $774,145 |