Canton Ballet
- Assets
- $531.3k
- Revenue
- $606.9k
- Investments
- $229.2k
- Employees
- 12
- Location
- Canton, OH
- Founding
- 01/1968
- Data as of
- 06/2021
- EIN
- 34-6608636
Organization Overview
Canton Ballet is located in Canton, OH. The organization was established in 1968. 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 06/2021, Canton Ballet employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Canton 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 06/2021, Canton Ballet generated $606.9k 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 (3.1%) each year. All expenses for the organization totaled $547.4k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (4.1%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
FOSTERING AN APPRECIATION OF THE ART OF DANCE AND PROVIDING THE HIGHEST QUALITY OF INSTRUCTION
Describe the Organization's Program Activity:
CANTON BALLET OFFERS A PRE-PROFESSIONAL COMPANY AND SCHOOL WITH PROFESSIONAL FACULTY OPERATED YEAR-ROUND FOR OVER 225 STUDENTS AGES TODDLER THROUGH ADULT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cassandra Crowley Artistic And Executive Director | Officer | 40 | $75,376 |
Pamela Shaw President | OfficerTrustee | 1 | $0 |
Ryan Mcmchael Vice President | OfficerTrustee | 1 | $0 |
Ed Cutcher Treasurer | OfficerTrustee | 1 | $0 |
Penelope Hare Secretary | OfficerTrustee | 1 | $0 |
Christy Donnelly Past President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $130,500 |
| Membership dues | $3,550 |
| Fundraising events | $17,729 |
| Related organizations | $0 |
| Government grants | $107,756 |
| All other contributions, gifts, grants, and similar amounts not included above | $36,682 |
| Noncash contributions included in lines 1a–1f | $2,800 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $296,217 |
| Total Program Service Revenue | $301,256 |
| Investment income | $1,516 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$9,368 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$1,791 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $606,900 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $8,404 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $85,231 |
| Compensation of current officers, directors, key employees. | $17,046 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $223,595 |
| Pension plan accruals and contributions | $8,160 |
| Other employee benefits | $32,467 |
| Payroll taxes | $23,194 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,745 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,566 |
| Fees for services: Other | $37,146 |
| Advertising and promotion | $1,403 |
| Office expenses | $10,146 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $40,936 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,320 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,106 |
| Insurance | $8,674 |
| All other expenses | $18,499 |
| Total functional expenses | $547,395 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $208,895 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $6,680 |
| Accounts receivable, net | $963 |
| 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 | $1,407 |
| Net Land, buildings, and equipment | $84,119 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $229,191 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $531,255 |
| Accounts payable and accrued expenses | $8,667 |
| Grants payable | $0 |
| Deferred revenue | $35,420 |
| 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 | $52,600 |
| Unsecured mortgages and notes payable | $76,400 |
| Other liabilities | $0 |
| Total liabilities | $173,087 |
| Net assets without donor restrictions | $221,481 |
| Net assets with donor restrictions | $136,687 |
| 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 | $531,255 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Canton Ballet has recieved totaling $2,745.
| Awarding Organization | Amount |
|---|---|
F W Albrecht Family Foundation Akron, OH PURPOSE: CHARITABLE | $2,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $245 |
Endowment Analysis
| Beg. Balance | $177,609 |
| Earnings | $51,582 |
| Ending Balance | $229,191 |
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 |