Mankato Ballet Company
- Assets
- $516.3k
- Revenue
- $775.3k
- Investments
- $0.0
- Employees
- 30
- Location
- Mankato, MN
- Founding
- 08/1985
- Data as of
- 08/2022
- EIN
- 41-1496909
Organization Overview
Mankato Ballet Company is located in Mankato, MN. The organization was established in 1985. 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 08/2022, Mankato Ballet Company employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mankato Ballet Company 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 08/2022, Mankato Ballet Company generated $775.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.7% each year . All expenses for the organization totaled $590.7k during the year ending 08/2022. While expenses have increased by 13.2% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE BALLET IN THE MANKATO COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
BALLET TRAINING AND INSTRUCTION FOR APPROXIMATELY 185 STUDENTS. HELPED PROMOTE BALLET IN THE MANKATO COMMUNITY.
THREE BALLET PERFORMANCES OPEN TO THE PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anne Broskoff President | Officer | 3 | $0 |
Susan Devos Treasurer | Officer | 3 | $0 |
Mary Carleton Secretary | Officer | 5 | $0 |
Nicki Sandmann Director | Trustee | 1 | $0 |
Carl Wacholz Director | Trustee | 1 | $0 |
Nicole Smithback Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $8,033 |
| Fundraising events | $7,005 |
| Related organizations | $0 |
| Government grants | $193,438 |
| All other contributions, gifts, grants, and similar amounts not included above | $74,760 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $283,236 |
| Total Program Service Revenue | $483,075 |
| Investment income | $703 |
| 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 | $8,033 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $775,297 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $251,486 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $19,830 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,363 |
| Office expenses | $1,379 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $201,033 |
| 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 | $31,420 |
| Insurance | $6,370 |
| All other expenses | $6,680 |
| Total functional expenses | $590,676 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $59,469 |
| Savings and temporary cash investments | $267,316 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,868 |
| 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 | $169,691 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $516,344 |
| Accounts payable and accrued expenses | $5,815 |
| Grants payable | $0 |
| Deferred revenue | $7,059 |
| 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 | $0 |
| Other liabilities | $4,996 |
| Total liabilities | $17,870 |
| Net assets without donor restrictions | $498,474 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $516,344 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mankato Ballet Company has recieved totaling $13,000.
| Awarding Organization | Amount |
|---|---|
Prairie Lakes Regional Arts Council Inc Waseca, MN PURPOSE: ACH-A | $13,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Milwaukee Ballet Company Inc Milwaukee, WI | $24,713,474 | $6,965,277 |
Marcus Center For The Performing Arts Inc Milwaukee, WI | $26,052,068 | $8,419,632 |
Ballet Co-Laboratory Saint Paul, MN | $199,864 | $575,525 |
Mankato Ballet Company Mankato, MN | $516,344 | $775,297 |
Ballet Works Inc Minneapolis, MN | $321,556 | $591,481 |
Northern Plains Ballet Bismarck, ND | $1,394,773 | $814,526 |
Ballet Theatre Of Des Moines West Des Moines, IA | $415,618 | $577,818 |
Duluth Ballet Inc Duluth, MN | $268,296 | $437,477 |
Kanopy Dance Theatre Inc Madison, WI | -$4,020 | $443,655 |
Central Midwest Ballet Inc Middleton, WI | $173,769 | $344,560 |
North Dakota Ballet Company Grand Forks, ND | $339,874 | $352,331 |
Ballet Minnesota Inc Saint Paul, MN | $47,010 | $155,668 |