Mankato Ballet Company
- Assets
- $584.2k
- Revenue
- $679.5k
- Investments
- $0.0
- Employees
- 30
- Location
- Mankato, MN
- Founding
- 08/1985
- Data as of
- 08/2024
- 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 08/2024, 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 08/2024, Mankato Ballet Company generated $679.5k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $644.5k during the year ending 08/2024. While expenses have increased by 11.2% per year over the past 9 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
2024
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 200 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 |
|---|---|---|---|
Sandra Asker President | OfficerTrustee | 5 | $0 |
Nicki Sandmann Treasurer | OfficerTrustee | 5 | $0 |
Erin Krueger Director | Trustee | 1 | $0 |
Cj Wachholz Director | Trustee | 1 | $0 |
Michael Mulvihill Director | Trustee | 1 | $0 |
Mary Carleton Secretary | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $8,505 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $81,006 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $89,511 |
| Total Program Service Revenue | $572,234 |
| Investment income | $3,044 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $15,134 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$438 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $679,485 |
| 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 | $304,227 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $23,184 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11,991 |
| Office expenses | $2,145 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $179,309 |
| 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 | $38,645 |
| Insurance | $7,549 |
| All other expenses | $2,095 |
| Total functional expenses | $644,531 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $116,107 |
| Savings and temporary cash investments | $150,068 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $17,370 |
| 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 | $9,542 |
| Net Land, buildings, and equipment | $291,127 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $584,214 |
| Accounts payable and accrued expenses | $20,840 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $20,840 |
| Net assets without donor restrictions | $563,374 |
| 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 | $584,214 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Milwaukee Ballet Company Inc Milwaukee, WI | $26,280,573 | $9,458,599 |
Marcus Center For The Performing Arts Inc Milwaukee, WI | $26,052,068 | $8,419,632 |
Ballet Theatre Of Des Moines West Des Moines, IA | $244,724 | $859,856 |
Ballet Co-Laboratory Saint Paul, MN | $117,661 | $657,270 |
Duluth Ballet Inc Duluth, MN | $379,656 | $923,188 |
Mankato Ballet Company Mankato, MN | $584,214 | $679,485 |
Northern Plains Ballet Bismarck, ND | $1,532,374 | $640,019 |
Ballet Works Inc Minneapolis, MN | $179,331 | $448,323 |
Kanopy Dance Theatre Inc Madison, WI | -$210,151 | $293,593 |
Central Midwest Ballet Inc Middleton, WI | $126,452 | $304,716 |
North Dakota Ballet Company Grand Forks, ND | $377,128 | $384,707 |
Continental Ballet Company Bloomington, MN | $100,243 | $0 |
Ballet Minnesota Inc Saint Paul, MN | $8,373 | $137,066 |
South Dakota Ballet Co Beresford, SD | $9,933 | $0 |
Magnum Opus Inc Madison, WI | $103,889 | $0 |
Minnesota Ballet Theatre Eden Prairie, MN | $63,837 | $0 |
Wausau Dance Theatre Incorporated Wausau, WI | $3,244 | $0 |
Ballet Inc Appleton, WI | $27,348 | $0 |