Canton Ballet
- Assets
- $531.3k
- Revenue
- $606.9k
- Investments
- $229.2k
- Employees
- 8
- 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 06/2022, Canton Ballet employed 8 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 (4.6%) 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 (4.4%) 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
FOSTERING AN APPRECIATION OF THE ART OF DANCE AND PROVIDING THE HIGHEST QUALITY OF INSTRUCTION
Describe the Organization's Program Activity:
Part 3 - Line 4a
CANTON BALLET OFFERS A PRE-PROFESSIONAL COMPANY AND SCHOOL WITH PROFESSIONAL FACULTY OPERATED YEAR-ROUND FOR OVER 250 STUDENTS AGES TODDLER THROUGH ADULT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan Mcmchael President | OfficerTrustee | 1 | $0 |
Emily Gordon Vice President | OfficerTrustee | 1 | $0 |
Russ Phillips Treasurer | OfficerTrustee | 1 | $0 |
Pamela Shaw Past President | OfficerTrustee | 1 | $0 |
Cole Bond Trustee | Trustee | 1 | $0 |
Aletha Carver Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $296,217 |
| 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 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 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 | $0 |
| 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 |
| 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 | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $358,168 |