Balletnova Center For Dance
- Assets
- $833.8k
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 7
- Location
- Falls Church, VA
- Founding
- 04/1985
- Data as of
- 06/2022
- EIN
- 54-1293256
Organization Overview
Balletnova Center For Dance is located in Falls Church, VA. The organization was established in 1985. According to its NTEE Classification (A62) the organization is classified as: Dance, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Balletnova Center For Dance employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Balletnova Center For Dance 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, Balletnova Center For Dance generated $1.6m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $1.5m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.7%) per year over the past 7 years. 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
NURTURE AND TRAIN DANCERS OF ALL AGES, AND OFFER SUPERB COMMUNITY PERFORMANCES IN NORTHERN VIRGINIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BALLETNOVA OFFERS A WIDE VARIETY OF DANCE INSTRUCTION TO PEOPLE OF ALL AGES AND PERFORMS OUTREACH IN THE COMMUNITY THROUGH PERFORMANCES, OPEN HOUSES, CLASSES, FREE TICKETS AND WORKSHOPS. THE PRE-PROFESSIONAL PROGRAM HAD A ROBUST CONSERVATORY DIVISION, THE HIGHEST PAYING PROGRAM FOR THE SCHOOL IN FISCAL YEAR 2022.
PATRONS COME TO SEE OUR PERFORMANCES BECAUSE OF THE HIGH QUALITY AND RELATIVELY LOW-TICKET PRICES, WHICH ALLOWS THEM TO BRING THEIR WHOLE FAMILY. THE COMPANY PRODUCES TWO MAJOR PUBLIC PERFORMANCES EACH YEAR: THE NUTCRACKER AND THE SPRING PERFORMANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Powell Artistic Director | Officer | 40 | $80,000 |
Kathryn Paczak Operations Manager | Officer | 30 | $23,269 |
Cathy Campbell President | OfficerTrustee | 2 | $0 |
Kimberly Notarianni Treasurer | OfficerTrustee | 2 | $0 |
Linda Winston Secretary | OfficerTrustee | 2 | $0 |
Surayyah F Colbert Vice President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $173,185 |
| All other contributions, gifts, grants, and similar amounts not included above | $61,626 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $234,811 |
| Total Program Service Revenue | $1,300,179 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $17,735 |
| 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 | $607 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,554,598 |
| 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. | $161,872 |
| Compensation of current officers, directors, key employees. | $43,663 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $181,295 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $21,666 |
| Payroll taxes | $23,311 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $62,413 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $353,635 |
| Advertising and promotion | $15,293 |
| Office expenses | $56,279 |
| Information technology | $46,502 |
| Royalties | $0 |
| Occupancy | $470,689 |
| Travel | $2,023 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,464 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,320 |
| Insurance | $10,461 |
| All other expenses | $0 |
| Total functional expenses | $1,468,488 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $674,484 |
| Savings and temporary cash investments | $22,334 |
| Pledges and grants receivable | $14,513 |
| Accounts receivable, net | $33,405 |
| 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 | $42,532 |
| Net Land, buildings, and equipment | $20,450 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $26,043 |
| Total assets | $833,761 |
| Accounts payable and accrued expenses | $123,676 |
| Grants payable | $0 |
| Deferred revenue | $101,485 |
| 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 | $166,739 |
| Total liabilities | $391,900 |
| Net assets without donor restrictions | $427,348 |
| Net assets with donor restrictions | $14,513 |
| 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 | $833,761 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Balletnova Center For Dance has recieved totaling $27,283.
| Awarding Organization | Amount |
|---|---|
Arts Council Of Fairfax County Inc Fairfax, VA PURPOSE: GENERAL OPERATING SUPPORT | $27,283 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kentucky Dance Council Inc Louisville, KY | $2,461,900 | $4,767,462 |
Charlotte Ballet Charlotte, NC | $20,235,608 | $4,763,253 |
Citydance Ensemble Inc Washington, DC | $1,953,185 | $3,842,336 |
American Dance Festival Inc Durham, NC | $15,847,262 | $2,712,778 |
Collage Dance Collective Inc Memphis, TN | $12,261,946 | $4,794,210 |
New Ballet Ensemble Memphis, TN | $2,810,421 | $1,613,011 |
Balletnova Center For Dance Falls Church, VA | $833,761 | $1,554,598 |
Step Afrika U S A Incorporated Washington, DC | $3,149,016 | $2,992,440 |
Manassas Performing Arts Inc Manassas, VA | $724,787 | $1,117,040 |
The International Association Of Blacks In Dance Inc Silver Spring, MD | $3,311,159 | $2,206,370 |
Ballet Virginia Norfolk, VA | $278,042 | $1,188,298 |
Joy Of Motion Dance Center Inc Washington, DC | $251,861 | $718,300 |