Central Midwest Ballet Inc
- Assets
- $173.8k
- Revenue
- $344.6k
- Investments
- $0.0
- Employees
- 4
- Location
- Middleton, WI
- Founding
- 09/2015
- Data as of
- 06/2022
- EIN
- 47-4029115
Organization Overview
Central Midwest Ballet Inc is located in Middleton, WI. The organization was established in 2015. 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 06/2022, Central Midwest Ballet Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central Midwest Ballet 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 06/2022, Central Midwest Ballet Inc generated $344.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.1% each year . All expenses for the organization totaled $326.4k during the year ending 06/2022. While expenses have increased by 20.6% 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 OFFER OUR COMMUNITY EXCELLENCE IN DANCE PERFORMANCE AND TRAINING IN A POSITIVE ENVIRONMENT THAT HELPS OUR STUDENTS DEVELOP SELF-ESTEEM, POSITIVE SELF IMAGE AND LIFELONG HEALTH HABITS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DANCE CLASSES AND INSTRUCTION
DANCE PERFORMANCES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vincent Hartmann VP & Treasur | OfficerTrustee | 4 | $0 |
Kim Nickel Secretary | OfficerTrustee | 7 | $0 |
Peg Luksik President | OfficerTrustee | 10 | $0 |
Alex Shima Director | Trustee | 2 | $0 |
Mindy Hensen Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $73,741 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,349 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $80,090 |
| Total Program Service Revenue | $261,087 |
| Investment income | $196 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $3,187 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $344,560 |
| 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 | $117,300 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,232 |
| Payroll taxes | $9,389 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,080 |
| Office expenses | $9,270 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $138,468 |
| Travel | $1,565 |
| 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 | $3,790 |
| Insurance | $1,815 |
| All other expenses | $0 |
| Total functional expenses | $326,409 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $127,832 |
| 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 | $10,259 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $28,840 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,838 |
| Total assets | $173,769 |
| 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 | $78,600 |
| Other liabilities | $0 |
| Total liabilities | $78,600 |
| Net assets without donor restrictions | $95,169 |
| 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 | $173,769 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Central Midwest Ballet Inc has recieved totaling $43,628.
| Awarding Organization | Amount |
|---|---|
Madison Community Foundation Madison, WI PURPOSE: ACCOLADE ENSEMBLE | $40,000 |
Green Bay Packers Foundation Green Bay, WI PURPOSE: CENTRAL MIDWEST BALLET ACADEMY 2021-22 SEASON | $3,000 |
The Scott Richards North Star Charitable Foundation Minneapolis, MN PURPOSE: GENERAL | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $128 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Joffrey Ballet Chicago, IL | $41,269,610 | $12,576,025 |
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 |
Grand Rapids Ballet Co Grand Rapids, MI | $7,162,912 | $1,874,827 |
Ballet Chicago Company Chicago, IL | $494,898 | $1,522,334 |
Ballet Five Eight Nfp Orland Park, IL | $389,671 | $1,150,248 |
Ballet Co-Laboratory Saint Paul, MN | $199,864 | $575,525 |
Salt Creek Ballet Company Westmont, IL | $318,809 | $582,129 |
Mankato Ballet Company Mankato, MN | $516,344 | $775,297 |
Ballet Works Inc Minneapolis, MN | $321,556 | $591,481 |
Ballet Chelsea Chelsea, MI | $415,790 | $464,445 |
Ballet Theatre Of Des Moines West Des Moines, IA | $415,618 | $577,818 |