Michigan Ballet Academy
- Assets
- $56.5k
- Revenue
- $320.9k
- Investments
- $0.0
- Employees
- 5
- Location
- Grand Rapids, MI
- Founding
- 10/2011
- Data as of
- 08/2023
- EIN
- 45-2531619
Organization Overview
Michigan Ballet Academy is located in Grand Rapids, MI. The organization was established in 2011. 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 08/2023, Michigan Ballet Academy employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Michigan Ballet Academy 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 08/2023, Michigan Ballet Academy generated $320.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $315.1k during the year ending 08/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO DELIVER THE HIGHEST QUALITY BALLET TRAINING IN AN ATMOSPHERE OF CREATIVITY, CHALLENGE, ENCOURAGEMENT, AND INTEGRITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAMMING CONSISTS OF BALLET TECHNIQUE, REPERTOIRE, POINTE, VARIATIONS, BOYS/MENS CLASSES, CHARACTER, PAS DE DEUX, CONTEMPORARY/MODERN, ETC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shauna Walwood President | OfficerTrustee | 5 | $0 |
Marcia Mcevoy Madden Vice President Of Advancem | OfficerTrustee | 5 | $0 |
Angela Koeller Treasurer | OfficerTrustee | 5 | $0 |
Bruce Jarvis Secretary | OfficerTrustee | 5 | $0 |
Lorna Hernandez Jarvis Director | Trustee | 3 | $0 |
Brenda Terry Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $3,200 |
| Related organizations | $0 |
| Government grants | $17,400 |
| All other contributions, gifts, grants, and similar amounts not included above | $63,698 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $84,298 |
| Total Program Service Revenue | $175,004 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $61,569 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $320,871 |
| 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 | $57,348 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $16,176 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,382 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,479 |
| Office expenses | $1,897 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $101,248 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,529 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,474 |
| Insurance | $3,977 |
| All other expenses | $1,109 |
| Total functional expenses | $315,092 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,760 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $650 |
| 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 | $20,740 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,356 |
| Total assets | $56,506 |
| Accounts payable and accrued expenses | $0 |
| 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 | $26,050 |
| Total liabilities | $26,050 |
| Net assets without donor restrictions | $30,456 |
| 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 | $56,506 |