Southwest Virginia Ballet Company
- Assets
- $477.8k
- Revenue
- $281.6k
- Investments
- $0.0
- Employees
- 5
- Location
- Roanoke, VA
- Founding
- 09/1993
- Data as of
- 06/2022
- EIN
- 54-1563448
Organization Overview
Southwest Virginia Ballet Company is located in Roanoke, VA. The organization was established in 1993. 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, Southwest Virginia Ballet Company employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southwest Virginia Ballet Company 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, Southwest Virginia Ballet Company generated $281.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $261.7k during the year ending 06/2022. 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 MAKE THE PERFORMING ARTS EXPERIENCE AVAILABLE TO ALL AGES FROM ALL WALKS OF LIFE THROUGH FULL-LENGTH PRODUCTIONS INCLUDING CLASSICAL BALLET, CONTEMPORARY AND NEW WORKS. TO PROMOTE DANCE EDUCATION FOR YOUNG DANCERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PERFORMANCE -- PROVIDE FULL LENGTH PRODUCTIONS INCLUDING CLASSICAL BALLET, CONTEMPORARY AND MODERN WORKS. TWO MAJOR PLAYS WERE PERFORMED, THE LARGEST BEING THE NUTCRACKER. THE NUTCRACKER PERFORMANCE HAD OVER 3,600 PEOPLE IN ATTENDENCE.
EDUCATION -- NURTURE AND EDUCATE YOUNG SERIOUS DANCERS IN OUR REGION WHO MAY DESIRE A PROFESSIONAL CAREER IN DANCE OR A RELATED FIELD. APPROXIMATELY 225 STUDENTS TOTAL TOOK PART IN THE DANCE ESPANOL BALLET EDUCATION PROGRAM AND 12 IN THE MIDDLE SCHOOL BALLET EDUCATION PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pedro Szalay Art Director | OfficerTrustee | 40 | $58,036 |
Carol Jessee Exc Director | OfficerTrustee | 30 | $31,978 |
Megan Potter Interim Exc | OfficerTrustee | 30 | $0 |
Spencer Wiegard President | OfficerTrustee | 5 | $0 |
Beth Kelley Vice Preside | OfficerTrustee | 10 | $0 |
Lenore Willis Secretary | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,553 |
| Related organizations | $0 |
| Government grants | $29,952 |
| All other contributions, gifts, grants, and similar amounts not included above | $55,567 |
| Noncash contributions included in lines 1a–1f | $3,213 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $87,072 |
| Total Program Service Revenue | $184,975 |
| Investment income | $822 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $8,708 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $281,577 |
| 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. | $80,078 |
| Compensation of current officers, directors, key employees. | $17,030 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,820 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,914 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,092 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $45,050 |
| Advertising and promotion | $6,260 |
| Office expenses | $3,295 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,808 |
| Travel | $1,550 |
| 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 | $5,774 |
| Insurance | $5,488 |
| All other expenses | $477 |
| Total functional expenses | $261,744 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $281,029 |
| Savings and temporary cash investments | $171,505 |
| 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 | $0 |
| Net Land, buildings, and equipment | $25,244 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $477,778 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $349,526 |
| Net assets with donor restrictions | $128,252 |
| 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 | $477,778 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Southwest Virginia Ballet Company has recieved totaling $21,030.
| Awarding Organization | Amount |
|---|---|
Ceres Foundation Inc Charleston, SC PURPOSE: OUTDOOR | $20,000 |
The@huntly Foundation Richmond, VA PURPOSE: PROVIDE FUNDS | $500 |
Ge Foundation Norwalk, CT PURPOSE: MATCHING GIFTS | $280 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $250 |
Endowment Analysis
| Beg. Balance | $161,713 |
| Earnings | $793 |
| Ending Balance | $162,506 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Washington Ballet Washington, DC | $7,153,807 | $8,999,163 |
Carolina Ballet Inc Raleigh, NC | $2,591,733 | $5,042,638 |
Nashville Ballet Nashville, TN | $11,017,137 | $5,073,621 |
Richmond Ballet Inc Richmond, VA | $9,343,909 | $5,961,250 |
Ballet Memphis Corporation Memphis, TN | $34,630,248 | $4,251,856 |
Maryland Youth Ballet Inc Silver Spring, MD | $1,538,079 | $2,049,323 |
Dancemakers Inc Lanham, MD | $310,676 | $1,678,634 |
Charlottesville Ballet Charlottesville, VA | $1,147,365 | $1,342,432 |
The Ballet Theatre Of Maryland Incorporated Annapolis, MD | $381,831 | $1,071,898 |
Virginia Ballet Company And School Fairfax, VA | $330,622 | $658,444 |
Winston-Salem Festival Ballet Inc Winston Salem, NC | $0 | $392,620 |
Akhmedova Ballet Foundation Inc Silver Spring, MD | $1,047,215 | $429,485 |