Grand Rapids Ballet Co

Organization Overview

Grand Rapids Ballet Co is located in Grand Rapids, MI. The organization was established in 1974. 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, Grand Rapids Ballet Co employed 54 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grand Rapids Ballet Co 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, Grand Rapids Ballet Co generated $1.9m 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 (4.3%) each year. All expenses for the organization totaled $1.7m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (8.4%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO LIFT THE HUMAN SPIRIT THROUGH THE ART OF DANCE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PRESENT MAJOR BALLET PRODUCTIONS EACH SEASON IN GRAND RAPIDS AND TOUR SMALLER VERSIONS OF THE SHOWS THROUGHOUT THE STATE OF MICHIGAN TO PROVIDE AN OPPORTUNITY FOR AUDIENCES IN SMALLER COMMUNITIES TO EXPERIENCE THE ART OF DANCE.


TO OPERATE A SCHOOL OF BALLET WHICH PROVIDES INSTRUCTION AND ART APPRECIATION TO CHILDREN AND ADULTS. PROVIDE LECTURE/DEMONSTRATIONS TO OTHER EDUCATIONAL INSTITUTIONS AND TO INNER-CITY CHILDREN THROUGHOUT THE GRAND RAPIDS AREA.


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Board, Officers & Key Employees

Name (title)Compensation
Glenn Del Vecchio
Executive Di
$114,331
James Sofranko
Artistic Dir
$86,785
Jeff Gurney
Vice Preside
$0
Admir Lugonjic
Treasurer
$0
Meredith Ervine
Secretary
$0
John Nienhuis
Development
$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$671,784
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$671,784
Total Program Service Revenue$286,088
Investment income $22,555
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $2,600
Net Gain/Loss on Asset Sales $651,277
Net Income from Fundraising Events -$665
Net Income from Gaming Activities $0
Net Income from Sales of Inventory -$2,562
Miscellaneous Revenue$0
Total Revenue $1,874,827

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Grand Rapids Ballet Co has recieved totaling $39,000.

Awarding OrganizationAmount
Rosemary And David Good Family Foundation

Minneapolis, MN

PURPOSE: PROGRAM SUPPORT

$30,000
Organization Name not Listed

PURPOSE: development of ballet "Liar Lear King"

|

$9,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$2,171,052
Earnings$701,809
Net Contributions$55,000
Other Expense$594,940
Ending Balance$2,332,921

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