Nashville Ballet
- Assets
- $11.0m
- Revenue
- $5.1m
- Investments
- $0.0
- Employees
- 201
- Location
- Nashville, TN
- Founding
- 04/1981
- Data as of
- 05/2021
- EIN
- 58-1440788
Organization Overview
Nashville Ballet is located in Nashville, TN. The organization was established in 1981. 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 05/2023, Nashville Ballet employed 201 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nashville Ballet 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 05/2021, Nashville Ballet generated $5.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.1%) each year. All expenses for the organization totaled $4.8m during the year ending 05/2021. As we would expect to see with falling revenues, expenses have declined by (1.4%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CREATE, PERFORM, TEACH & PROMOTE DANCE AS AN ESSENTIAL AND INSPIRING ELEMENT OF OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marcus Bradford Director | Trustee | 1 | $0 |
Meera Ballal Director | Trustee | 1 | $0 |
Ladonna Boyd Director | Trustee | 1 | $0 |
Monica Cintado-Scokin Director | Trustee | 1 | $0 |
Allison Cotton Director | Trustee | 1 | $0 |
Laura Currie Immediate Past President | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nashville Symphony Symphony For Ballet Season | 5/30/19 | $418,506 |
Belmont University Lodging For Si Students | 5/30/19 | $241,355 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,273,983 |
| Investment income | $2,305 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,864 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $7,451 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,073,621 |
| Statement of Expenses | |
|---|---|
| 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. | $256,054 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,357,325 |
| Pension plan accruals and contributions | $8,371 |
| Other employee benefits | $224,172 |
| Payroll taxes | $201,660 |
| Fees for services: Management | $7,750 |
| Fees for services: Legal | $3,781 |
| Fees for services: Accounting | $36,116 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $58,449 |
| Advertising and promotion | $141,865 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $229,516 |
| Travel | $9,584 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $81,345 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $467,079 |
| Insurance | $55,604 |
| All other expenses | $0 |
| Total functional expenses | $4,841,528 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,846,466 |
| Savings and temporary cash investments | $1,467,220 |
| Pledges and grants receivable | $465,148 |
| Accounts receivable, net | $62,301 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $149,137 |
| Prepaid expenses and deferred charges | $81,832 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $106,427 |
| Total assets | $11,017,137 |
| Accounts payable and accrued expenses | $351,561 |
| Grants payable | $0 |
| Deferred revenue | $605,240 |
| 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 | $3,058,738 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,015,539 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $7,001,598 |