Greensboro Ballet Inc
- Assets
- $53.4k
- Revenue
- $341.3k
- Investments
- $0.0
- Employees
- 8
- Location
- Greensboro, NC
- Founding
- 01/1967
- Data as of
- 07/2022
- EIN
- 56-6075580
Organization Overview
Greensboro Ballet Inc is located in Greensboro, NC. The organization was established in 1967. 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 07/2022, Greensboro Ballet Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greensboro 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 07/2022, Greensboro Ballet Inc generated $341.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $309.4k during the year ending 07/2022. As we would expect to see with falling revenues, expenses have declined by (5.1%) 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
GREENSBORO BALLET INC WAS CREATED TO PROMOTE AND FOSTER DANCE THROUGH HIGH QUALITY PROGRAMS AND CLASSES IN THE TRIAD NC AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BALLET SCHOOL - TRAINED STUDENTS IN THE ART OF CLASSICAL BALLET
PERFORMANCE - OFFERED HIGH LEVEL BALLET PERFORMANCES TO OUR COMMUNITY AND TO OUR ARTISTS
OUTREACH - DEVELOPED AND IMPLEMENTED EDUCATIONAL PROGRAMMING IN OUR SCHOOLS AND FOR COMMUNITY ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Gentry Executive Director | Officer | 40 | $37,800 |
Jennifer Jones Board Chair | Trustee | 5 | $0 |
Rayna Stoycheva Vice Chair | Trustee | 5 | $0 |
Brian Coghill Board Member | Trustee | 1 | $0 |
Stephanie Koch Secretary | Trustee | 3 | $0 |
Heather Coghill Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $454 |
| Related organizations | $0 |
| Government grants | $14,670 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,124 |
| Total Program Service Revenue | $326,218 |
| 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 | $341,342 |
| 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. | $37,800 |
| Compensation of current officers, directors, key employees. | $18,900 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $102,375 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,398 |
| Payroll taxes | $10,275 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,386 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,279 |
| Office expenses | $815 |
| Information technology | $123 |
| Royalties | $0 |
| Occupancy | $6,500 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $38 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $16,820 |
| Total functional expenses | $309,433 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,896 |
| 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 | $0 |
| Net Land, buildings, and equipment | $2,512 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $53,408 |
| 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 | $30,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $9,043 |
| Other liabilities | $0 |
| Total liabilities | $39,043 |
| Net assets without donor restrictions | $14,365 |
| 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 | $53,408 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Greensboro Ballet Inc has recieved totaling $8,942.
| Awarding Organization | Amount |
|---|---|
United Arts Council Of Greater Greensboro Inc Greensboro, NC PURPOSE: AG RELIEF GRANT | $8,435 |
Analog Devices Foundation Boston, MA PURPOSE: GENERAL SUPPORT | $257 |
Hummel Family Fund Inc Pittsboro, NC PURPOSE: SUPPORT | $250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Charlotte Ballet Charlotte, NC | $20,235,608 | $4,763,253 |
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 |
Manassas Performing Arts Inc Manassas, VA | $724,787 | $1,117,040 |
Ballet Virginia Norfolk, VA | $278,042 | $1,188,298 |
Several Dancers Core Inc Decatur, GA | $510,518 | $925,008 |
Broadway Dreams Foundation Corporation Alpharetta, GA | $370,059 | $1,061,609 |
Ballet Spartanburg Inc Spartanburg, SC | $819,790 | $819,483 |
Dancefx Athens, GA | $335,029 | $831,128 |
Chattanooga Ballet Inc Chattanooga, TN | $572,721 | $813,307 |