Kingsport Ballet
- Assets
- $54.8k
- Revenue
- $355.9k
- Investments
- $0.0
- Employees
- 3
- Location
- Kingsport, TN
- Founding
- 12/1999
- Data as of
- 06/2022
- EIN
- 62-1784135
Organization Overview
Kingsport Ballet is located in Kingsport, TN. The organization was established in 1999. 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, Kingsport Ballet employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kingsport 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 06/2022, Kingsport Ballet generated $355.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $368.9k during the year ending 06/2022. While expenses have increased by 3.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
THE KINGSPORT BALLET IS A NON-PROFIT ORGANIZATION WHOSE MISSION IS TO PROMOTE AND FOSTER PROFESSIONAL QUALITY DANCE THROUGH EDUCATION, PERFORMANCE, OUTREACH, ADVOCACY, AND MARKETING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE APPRECIATION OF DANCE.
PROMOTE APPECIATION OF DANCE
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bertina Dew Executive Di | Trustee | 50 | $34,000 |
Glenna Boggan President | OfficerTrustee | 1 | $0 |
Mary Shull Vice Preside | OfficerTrustee | 1 | $0 |
Karen Ellison Secretary | OfficerTrustee | 1 | $0 |
Jessica Barrett Director | Trustee | 1 | $0 |
Heather Taylor Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $41,290 |
| All other contributions, gifts, grants, and similar amounts not included above | $72,007 |
| Noncash contributions included in lines 1a–1f | $41,185 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $113,297 |
| Total Program Service Revenue | $178,158 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,817 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $56,649 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $355,921 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $145,766 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $0 |
| Advertising and promotion | $7,572 |
| Office expenses | $3,161 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $40,150 |
| Travel | $4,649 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,816 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,567 |
| Insurance | $0 |
| All other expenses | $75,133 |
| Total functional expenses | $368,945 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,561 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,827 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,613 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $32,507 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $295 |
| Total assets | $54,803 |
| Accounts payable and accrued expenses | $43,362 |
| 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 | $43,362 |
| Net assets without donor restrictions | $11,441 |
| 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 | $54,803 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Kingsport Ballet has recieved totaling $601.
| Awarding Organization | Amount |
|---|---|
Reynolds American Foundation Winston Salem, NC PURPOSE: CHARITABLE ACTIVITIES | $525 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $76 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Atlanta Ballet Incorporated Atlanta, GA | $17,685,185 | $11,298,848 |
Kansas City Ballet Association Kansas City, MO | $44,028,561 | $12,814,564 |
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 |
State Of Alabama Ballet Inc Birmingham, AL | $2,991,745 | $2,506,530 |
Laurie Foundation For The Performing Arts Columbia, MO | $6,459,045 | $968,148 |
Ballet Magnificat Jackson, MS | $1,863,123 | $2,272,042 |
Saint Louis Ballet Company Chesterfield, MO | $736,242 | $1,637,573 |
Charlottesville Ballet Charlottesville, VA | $1,147,365 | $1,342,432 |
Community Ballet Association Of Huntsville Inc Huntsville, AL | $1,447,227 | $996,660 |