Balletnova Center For Dance
- Assets
- $3.0m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 7
- Location
- Falls Church, VA
- Founding
- 04/1985
- Data as of
- 06/2023
- 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 06/2023, 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 06/2023, Balletnova Center For Dance generated $1.5m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $1.6m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 8 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
2023
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 2023..
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 |
|---|---|---|---|
Cathy Campbell President | OfficerTrustee | 2 | $0 |
Surayyah F Colbert Vice President | OfficerTrustee | 2 | $0 |
Kimberly Notarianni Treasurer | OfficerTrustee | 2 | $0 |
Linda Winston Secretary | OfficerTrustee | 2 | $0 |
Adrienne Geis Director | Trustee | 2 | $0 |
Jennifer Atkin Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $64,638 |
| All other contributions, gifts, grants, and similar amounts not included above | $35,348 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $99,986 |
| Total Program Service Revenue | $1,330,598 |
| Investment income | $437 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $27,876 |
| 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 | $12,562 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,473,344 |
| 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. | $173,456 |
| Compensation of current officers, directors, key employees. | $64,712 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $221,480 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $30,145 |
| Payroll taxes | $27,114 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $59,927 |
| 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 | $317,766 |
| Advertising and promotion | $14,462 |
| Office expenses | $65,883 |
| Information technology | $23,242 |
| Royalties | $0 |
| Occupancy | $554,416 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,778 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $29,554 |
| Insurance | $11,168 |
| All other expenses | $0 |
| Total functional expenses | $1,553,888 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $613,663 |
| Savings and temporary cash investments | $22,770 |
| Pledges and grants receivable | $8,919 |
| Accounts receivable, net | $70,065 |
| 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 | $43,295 |
| Net Land, buildings, and equipment | $43,896 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,230,539 |
| Total assets | $3,033,147 |
| Accounts payable and accrued expenses | $92,862 |
| Grants payable | $0 |
| Deferred revenue | $100,235 |
| 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 | $2,478,733 |
| Total liabilities | $2,671,830 |
| Net assets without donor restrictions | $352,398 |
| Net assets with donor restrictions | $8,919 |
| 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 | $3,033,147 |