Ballet Magnificat
- Assets
- $1.9m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 46
- Location
- Jackson, MS
- Founding
- 01/1987
- Data as of
- 12/2021
- EIN
- 64-0732185
Organization Overview
Ballet Magnificat is located in Jackson, MS. The organization was established in 1987. 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 12/2021, Ballet Magnificat employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ballet Magnificat 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 12/2021, Ballet Magnificat generated $2.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $1.4m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE RELIGION THROUGH BALLET DANCING
Describe the Organization's Program Activity:
TEACHING-THE ORGANIZATION HAS CLASSES IN WHICH IT TEACHES STUDENTS ABOUT BALLET AND THE RELIGIOUS MESSAGE WHICH IT PROMOTES.
WORKSHOPS-THE ORGANIZATION OPERATES TWO WORKSHOPS, ONE IN THE SUMMER AND ANOTHER IN THE FALL, RENTING SPACE FROM NEARBY BELHAVEN COLLEGE. STUDENTS FROM THROUGHOUT THE UNITED STATES ARE TAUGHT HOW TO PROMOTE RELIGION THROUGH BALLET DANCING.
PERFORMANCES-THE ORGANIZATION HAS PERFORMANCES THAT PROMOTE RELIGION THROUGH BALLET DANCING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith Thibodeaux Vice Preside | OfficerTrustee | 40 | $54,750 |
Kathy Thibodeaux Director | Trustee | 40 | $54,750 |
Ern Beaver Treasurer | OfficerTrustee | 40 | $44,425 |
Brenda Holden Secretary | OfficerTrustee | 13 | $19,250 |
Paul Breazeale President | OfficerTrustee | 2 | $0 |
Tara Drew Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,051,293 |
| Noncash contributions included in lines 1a–1f | $750,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,051,293 |
| Total Program Service Revenue | $1,165,222 |
| Investment income | $7,518 |
| 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 | $39,728 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,272,042 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $9,413 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $173,175 |
| Compensation of current officers, directors, key employees. | $118,425 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $511,784 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $54,375 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,843 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $13,990 |
| Office expenses | $27,568 |
| Information technology | $3,716 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $12,897 |
| 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 | $42,483 |
| Insurance | $27,261 |
| All other expenses | $107,244 |
| Total functional expenses | $1,429,603 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $880,649 |
| 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 | $13,317 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $954,201 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,956 |
| Total assets | $1,863,123 |
| 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 | $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 |
| Retained earnings, endowment, accumulated income, or other funds | $1,863,123 |
| Total liabilities and net assets/fund balances | $1,863,123 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Ballet Magnificat has recieved totaling $32,674.
| Awarding Organization | Amount |
|---|---|
Schmitz Family Foundation Bluffton, SC PURPOSE: SUPPORT | $12,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: CULTURE | $10,000 |
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $9,652 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $1,022 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Ballet Magnificat Jackson, MS | $1,863,123 | $2,272,042 |
Community Ballet Association Of Huntsville Inc Huntsville, AL | $1,447,227 | $996,660 |
Childrens Dance Foundation Birmingham, AL | $1,505,653 | $943,891 |
Mobile Ballet Inc Mobile, AL | $569,537 | $724,852 |
Baton Rouge Ballet Theatre Inc Baton Rouge, LA | $649,892 | $706,281 |
Ballet Arkansas Little Rock, AR | $727,300 | $993,614 |
Usa International Ballet Competition Jackson, MS | $1,283,978 | $483,831 |
New Orleans Ballet Inc New Orleans, LA | $1,333,668 | $918,258 |
Ballet Mississippi Inc Jackson, MS | $362,095 | $387,686 |