Mobile Ballet Inc
- Assets
- $569.5k
- Revenue
- $724.9k
- Investments
- $0.0
- Employees
- 25
- Location
- Mobile, AL
- Founding
- 04/1986
- Data as of
- 06/2021
- EIN
- 63-0850134
Organization Overview
Mobile Ballet Inc is located in Mobile, AL. The organization was established in 1986. 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 06/2021, Mobile Ballet Inc employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mobile 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 06/2021, Mobile Ballet Inc generated $724.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.2%) each year. All expenses for the organization totaled $716.1k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (4.9%) per year over the past 6 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
BALLET TRAINING AND PERFORMANCES
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONDUCT ONE FALL PERFORMANCE, SIX NUTCRACKER PERFORMANCES, AND THREE SPRING PERFORMANCES TO APPROXIMATELY 10,000 TOTAL GUESTS INCLUDING MEMBERS OF THE GENERAL PUBLIC, SCHOOL GROUPS AND OTHER GROUPS THAT WOULD NOT OTHERWISE HAVE THE CHANCE TO ATTEND LIKE PERFORMANCES.
CONDUCT AMATEUR BALLET CLASSES FOR APPROXIMATELY 225 STUDENTS BETWEEN TWO STUDIOS AND 52 CLASSES PER WEEK.
THE NUTCRACKER CHARITY BALL IS AN ANNUAL BALL WITH BETWEEN 500 & 1,000 GUESTS ATTENDING THAT INCLUDES BALLET PERFORMANCES TO FURTHER THE MISSION OF THE MOBILE BALLET WHILE RAISING FUNDS FOR THE BALLET AND A CHARITY CHOSEN EACH YEAR BY THE BALLET. DUE TO COVID-19 THE EVENT WAS NOT HELD DURING FYE 6/30/21.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Jill Ringold MD President | OfficerTrustee | 2 | $0 |
Mrs Amy Mcrae Secretary | OfficerTrustee | 2 | $0 |
Mr Melvin Washington Treasurer | OfficerTrustee | 2 | $0 |
Mrs Ashley L Jones Board Vice President | OfficerTrustee | 2 | $0 |
Mrs Becky Tate Board Member | Trustee | 1 | $0 |
Dr Sandra Parker MD Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $132,475 |
| All other contributions, gifts, grants, and similar amounts not included above | $95,182 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $227,657 |
| Total Program Service Revenue | $480,782 |
| Investment income | $1,485 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,695 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,234 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $4,399 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $724,852 |
| 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 | $339,226 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $22,686 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,000 |
| Fees for services: Accounting | $17,176 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,886 |
| Office expenses | $47,514 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $145,932 |
| Travel | $19,860 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,438 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,854 |
| Insurance | $36,729 |
| All other expenses | $15,603 |
| Total functional expenses | $716,083 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $126,280 |
| Savings and temporary cash investments | $155 |
| 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 | $421,983 |
| Investments—publicly traded securities | $21,119 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $569,537 |
| Accounts payable and accrued expenses | $856 |
| 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 | $137,207 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $149,900 |
| Total liabilities | $287,963 |
| Net assets without donor restrictions | $281,574 |
| 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 | $569,537 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Mobile Ballet Inc has recieved totaling $13,000.
| Awarding Organization | Amount |
|---|---|
Daniel Foundation Of Alabama Birmingham, AL PURPOSE: CHARITABLE | $10,000 |
The Pei Ling Charitable Trust Huntsville, AL PURPOSE: CONTRIBUTION | $2,000 |
Lisa Mitchell Charitable Foundation Mobile, AL PURPOSE: EDUCATIONAL | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Miami City Ballet Inc Miami Beach, FL | $20,106,864 | $19,857,804 |
Atlanta Ballet Incorporated Atlanta, GA | $17,685,185 | $11,298,848 |
Sarasota Ballet Of Florida Inc Sarasota, FL | $13,132,949 | $10,013,391 |
Orlando Ballet Inc Orlando, FL | $16,727,544 | $8,811,426 |
Nashville Ballet Nashville, TN | $11,017,137 | $5,073,621 |
Ballet Memphis Corporation Memphis, TN | $34,630,248 | $4,251,856 |
State Of Alabama Ballet Inc Birmingham, AL | $2,991,745 | $2,506,530 |
Thomas Armour Youth Ballet Inc South Miami, FL | $1,962,067 | $2,525,155 |
Ballet Magnificat Jackson, MS | $1,863,123 | $2,272,042 |
Northwest Florida Ballet Inc Fort Walton Beach, FL | $1,697,627 | $1,107,429 |
Boca Ballet Theatre Company Boca Raton, FL | $998,932 | $1,075,086 |
The Tallahassee Ballet Inc Tallahassee, FL | $852,817 | $1,030,970 |