Ballet Vero Beach Inc
- Assets
- $387.2k
- Revenue
- $393.0k
- Investments
- $0.0
- Employees
- 5
- Location
- Vero Beach, FL
- Founding
- 06/2014
- Data as of
- 05/2022
- EIN
- 46-1513558
Organization Overview
Ballet Vero Beach Inc is located in Vero Beach, FL. The organization was established in 2014. 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 05/2022, Ballet Vero Beach Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ballet Vero Beach Inc 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 05/2022, Ballet Vero Beach Inc generated $393.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.8% each year . All expenses for the organization totaled $385.8k during the year ending 05/2022. While expenses have increased by 18.1% 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
THE MISSION OF BALLET VERO BEACH IS TO PROMOTE THE ART OF DANCE AS A UNIVERSAL LANGUAGE IN OUR COMMUNITY AND BEYOND. WE SEEK TO ACCOMPLISH THIS GOAL WITH PERFORMANCES BY OUR PROFESSIONAL COMPANY, THE PRESENTATION OF OTHER DANCE ARTISTS, AND THROUGH OUR EDUCATION AND COMMUNITY ENGAGEMENT INITIATIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BALLET VERO BEACH EXECUTED AN ABBREVIATED OUTDOOR PRODUCTION OF OUR BELOVED "NUTCRACKER ON THE INDIAN RIVER" PRODUCTION FOR SIX PERFORMANCES.
BALLET VERO BEACH EXECUTED OUR MAIN STAGE PERFORMANCE SEASON BOTH LIVE AND VIRTUALLY, WHICH INCLUDED THREE MIXED REPERTORY CONCERTS PERFORMED IN JANUARY, FEBRUARY, AND APRIL 2022.
BALLET VERO BEACH ENGAGED IN RESTRUCTURING OF OUR EDUCATION AND ENGAGEMENT INITIATIVES TO INCLUDE THE BEGINNING OF REVAMPING OUR FREE STUDENT MATINEE SERIES AND AN ACCESSIBLE/FAMILY FRIENDLY SERIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Schnell Artistic Director CEO And President | 40 | $30,000 | |
Marion Martin Director | Trustee | 1 | $0 |
Sue Sharpe Director | Trustee | 1 | $0 |
Shelly Jenkins Director | Trustee | 1 | $0 |
Stacey Lewis Director | Trustee | 1 | $0 |
Alan Edelstein Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $29,257 |
| Related organizations | $0 |
| Government grants | $25,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $263,657 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $317,914 |
| Total Program Service Revenue | $75,111 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $393,025 |
| 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. | $165,812 |
| Compensation of current officers, directors, key employees. | $74,236 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $100,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,000 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,999 |
| Advertising and promotion | $6,600 |
| Office expenses | $10,000 |
| Information technology | $10,000 |
| Royalties | $10,000 |
| Occupancy | $20,000 |
| Travel | $25,000 |
| 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 | $0 |
| Insurance | $5,000 |
| All other expenses | $0 |
| Total functional expenses | $385,811 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $140,510 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $11,823 |
| Net Land, buildings, and equipment | $234,836 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $387,169 |
| Accounts payable and accrued expenses | $5,920 |
| Grants payable | $0 |
| Deferred revenue | $4,740 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $10,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,116 |
| Total liabilities | $23,776 |
| Net assets without donor restrictions | $363,393 |
| 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 | $387,169 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ballet Vero Beach Inc has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
Kahle Foundation Inc Vero Beach, FL PURPOSE: FURTHERANCE OF CHARITABLE ACTIVITY | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Miami City Ballet Inc Miami Beach, FL | $20,106,864 | $19,857,804 |
Atlanta Ballet Incorporated Atlanta, GA | $17,685,185 | $11,298,848 |
Sarasota Ballet Of Florida Inc Sarasota, FL | $13,132,949 | $10,013,391 |
Orlando Ballet Inc Orlando, FL | $16,727,544 | $8,811,426 |
State Of Alabama Ballet Inc Birmingham, AL | $2,991,745 | $2,506,530 |
Thomas Armour Youth Ballet Inc South Miami, FL | $1,962,067 | $2,525,155 |
Northwest Florida Ballet Inc Fort Walton Beach, FL | $1,697,627 | $1,107,429 |
Boca Ballet Theatre Company Boca Raton, FL | $998,932 | $1,075,086 |
The Tallahassee Ballet Inc Tallahassee, FL | $852,817 | $1,030,970 |
Community Ballet Association Of Huntsville Inc Huntsville, AL | $1,447,227 | $996,660 |
Florida Ballet At Jacksonville Inc Jacksonville, FL | $1,731,842 | $944,196 |
Childrens Dance Foundation Birmingham, AL | $1,505,653 | $943,891 |