Cincinnati Ballet Company Inc
- Assets
- $28.2m
- Revenue
- $12.0m
- Investments
- $0.0
- Employees
- 164
- Location
- Cincinnati, OH
- Founding
- 07/1967
- Data as of
- 07/2021
- EIN
- 31-6050354
Organization Overview
Cincinnati Ballet Company Inc is located in Cincinnati, OH. The organization was established in 1967. 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 07/2021, Cincinnati Ballet Company Inc employed 164 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cincinnati Ballet Company 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 07/2021, Cincinnati Ballet Company Inc generated $12.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $7.9m during the year ending 07/2021. While expenses have increased by 0.2% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO INSPIRE HOPE AND JOY IN OUR COMMUNITY AND BEYOND THROUGH THE POWER AND PASSION OF DANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BALLET WAS ABLE TO HAVE PAID ATTENDANCE IN NOVEMBER OF 2020 AND SPRING OF 2021. TICKET SALES OF $170,030. EXPENSES INCLUDED ALL PERFORMANCE RELATED ACTIVITIES, INCLUDING A TV PRODUCTION OF THE NUTCRACKER IN DECEMBER 2020.
THE ACADEMY OFFERS TWO REGULAR SEMESTERS AND FIVE SUMMER PROGRAMS. CLASSES ARE OFFERED TO AGES 2 AND UP. THE ACADEMY PROGRAM ALSO OFFERS ADULT BALLET CLASSES. DURING THE YEAR 1,120 STUDENTS PARTICIPATED IN THE ACADEMY PROGRAMS.
MAINTAINING OF THE CINCINNATI BALLET FOUNDATION FOR THE LONG TERM MANAGEMENT AND GROWTH OF AN ENDOWMENT TO SUPPORT THE CINCINNATI BALLET COMPANY, INC. OPERATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Altman President & CEO | Officer | 40 | $208,052 |
Victoria Morgan Artistic Director | Officer | 40 | $202,984 |
Joe Carolin VP Finance/cfo | Officer | 40 | $125,335 |
Melissa Santomo VP Operations | 40 | $117,635 | |
Sara Pomeroy VP Philanthropy | 40 | $115,405 | |
Keke Sansalone Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fc Cincinnati Holdings Llc West End Ve Building Rent | 7/30/20 | $145,378 |
Thompson Hine Llp Legal Services | 7/30/20 | $131,016 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $801,500 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $614,400 |
| Government grants | $1,592,213 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,985,662 |
| Noncash contributions included in lines 1a–1f | $1,306,764 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,993,775 |
| Total Program Service Revenue | $1,539,371 |
| Investment income | $26,641 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $30,529 |
| Net Income from Fundraising Events | -$3,500 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$8,188 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,007,959 |
| 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. | $599,918 |
| Compensation of current officers, directors, key employees. | $363,073 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,249,403 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $412,403 |
| Payroll taxes | $268,183 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,815 |
| Fees for services: Accounting | $42,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,884 |
| Fees for services: Other | $592,011 |
| Advertising and promotion | $66,628 |
| Office expenses | $253,266 |
| Information technology | $13,291 |
| Royalties | $0 |
| Occupancy | $478,616 |
| Travel | $203,758 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $40,305 |
| Interest | $82,317 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $230,264 |
| Insurance | $76,272 |
| All other expenses | $0 |
| Total functional expenses | $7,936,783 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,178,132 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $16,851,251 |
| Accounts receivable, net | $45,127 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $6,416,050 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $117,346 |
| Net Land, buildings, and equipment | $602,354 |
| Investments—publicly traded securities | $1,804,215 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $211,363 |
| Total assets | $28,225,838 |
| Accounts payable and accrued expenses | $785,598 |
| Grants payable | $0 |
| Deferred revenue | $944,003 |
| 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 | $3,482,617 |
| Other liabilities | $370,456 |
| Total liabilities | $5,582,674 |
| Net assets without donor restrictions | -$4,108,445 |
| Net assets with donor restrictions | $26,751,609 |
| 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 | $28,225,838 |
Grants Recieved
Over the last fiscal year, we have identified 17 grants that Cincinnati Ballet Company Inc has recieved totaling $1,960,763.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $810,700 |
Foundation For The Carolinas Charlotte, NC PURPOSE: CHARITABLE GIFT | $416,000 |
Greater Cincinnati Foundation Cincinnati, OH PURPOSE: GENERAL PURPOSE | $302,720 |
American Endowment Foundation Hudson, OH PURPOSE: ARTS, CULTURE | $119,301 |
Austin E Knowlton Foundation Inc Cincinnati, OH PURPOSE: PROGRAM SERVICES | $100,000 |
Hcs Foundation Cleveland, OH PURPOSE: TOWARD CONSTRUCTION OF NEW CINCINNATI BALLET CENTER IN WALNUT HILLS ARTS NEIGHBORHOOD | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Central Pa Youth Ballet Carlisle, PA | $5,952,312 | $2,863,907 |
Cleveland Ballet Cleveland, OH | $349,870 | $2,048,614 |
Grand Rapids Ballet Co Grand Rapids, MI | $7,162,912 | $1,874,827 |
Fort Wayne Ballet Inc Fort Wayne, IN | $2,459,907 | $1,784,779 |
Indianapolis Ballet Inc Indianapolis, IN | $1,043,512 | $1,204,088 |
Attack Theatre Incorporated Pittsburgh, PA | $923,327 | $900,550 |
Canton Ballet Canton, OH | $531,255 | $606,900 |
Ballet Theatre Of Ohio Munroe Falls, OH | $288,882 | $602,425 |