Tulsa Ballet Theater Inc
- Assets
- $22.4m
- Revenue
- $8.5m
- Investments
- $0.0
- Employees
- 99
- Location
- Tulsa, OK
- Founding
- 08/1964
- Data as of
- 05/2022
- EIN
- 73-0667485
Organization Overview
Tulsa Ballet Theater Inc is located in Tulsa, OK. The organization was established in 1964. 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 05/2022, Tulsa Ballet Theater Inc employed 99 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tulsa Ballet Theater 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 05/2022, Tulsa Ballet Theater Inc generated $8.5m 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 (3.2%) each year. All expenses for the organization totaled $7.0m during the year ending 05/2022. 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
TO PRESERVE AND CREATE WORKS OF BALLET AND EDUCATE THROUGH TRAINING AND OUTREACH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TULSA BALLET PRODUCES 8 SHOWS EACH SEASON INCLUDING BELOVED CLASSICS, MODERN MASTERPIECES, AND WORLD PREMIERE CREATIONS. THESE PERFORMANCES ANNUALLY REACH MORE THAN 40,000 INDIVIDUALS ACROSS THE REGION . IN ADDITION TO SERVING AS AN OFFICIAL CULTURAL AMBASSADOR FOR THE STATE WITH NATIONAL AND INTERNATIONAL PERFORMANCE TOURS, TULSA BALLET COLLABORATES WITH AND LEADS THE LOCAL AND GLOBAL ARTS INDUSTRIES.
THE TULSA BALLET CENTERS FOR DANCE EDUCATION (TBCDE) OFFER DANCE TRAINING OF UNCOMPROMISING QUALITY. THE CURRICULUM EMPHASIZES CLASSICAL BALLET TECHNIQUE BASED ON THE RUSSIAN TRADITION OF TRAINING. WITH TWO LOCATIONS IN THE TULSA METRO, TBCDE IS LED BY A FULL TIME FACULTY OF PROFESSIONAL DANCERS AND LEADERS IN THE FIELD OF BALLET PEDAGOGY. THE PRE-PROFESSIONAL DIVISION OFFERS CLASSES FOR STUDENTS 9 TO 18. ADDITIONAL CLASSES ARE OFFERED FOR CHILDREN 3-5 (CREATIVE MOVEMENT), 6-9 (PREPARATORY BALLET), AND ADULTS WISHING TO BEGIN OR CONTINUE THEIR TRAINING.
TULSA BALLET PROVIDES A VARIETY OF EDUCATIONAL AND PERFORMANCE OUTREACH PROGRAMS FOR THE COMMUNITY. THESE IMPORTANT PROGRAMS INCREASE ARTS ACCESS FOR UNDERFUNDED SCHOOLS, CLIENTS OF SOCIAL SERVICES, AND OTHER POPULATIONS WHO DO NOT TYPICALLY HAVE ACCESS TO ARTS EXPERIENCES. LEAPS AHEAD OFFERS AN IN-STUDIO BALLET CLASS FOR CHILDREN FROM LOCAL AT-RISK SCHOOLS AND LEAPS IN MOTION TAKES THE PROGRAM OUT INTO THE SCHOOLS. BACKSTAGE AT THE BALLET BRINGS A CHILDREN'S BALLET PERFORMANCE TO EVERY 5TH GRADER IN TULSA PUBLIC SCHOOLS THROUGH THE KENNEDY CENTER'S NATIONAL ANY GIVEN CHILD PROGRAM. PARTNERS IN ART AND HOPE FOR THE HOLIDAYS PROVIDE FREE TULSA BALLET TICKETS FOR MAINSTAGE PERFORMANCES TO UNDERSERVED CHILDREN AND FAMILIES. IN TOTAL, TULSA BALLET'S OUTREACH PROGRAMS SERVE 10,000 PERSONS EACH YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marcello Angellini CEO | Officer | 59.5 | $240,493 |
William Black Managing Dir | Officer | 59.5 | $113,572 |
Mary Barnes Chair Emeritus | Officer | 1 | $0 |
Ramez Hakim Chair Emeritus | Officer | 1 | $0 |
Cheryl Forrest Chair Emeritus | Officer | 1 | $0 |
Leanne Helmerich Chair Emeritus | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Choctaw Print Services Print Services | 5/30/19 | $100,413 |
Tpc Studios Event Organizer | 5/30/19 | $132,948 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $613,125 |
| Fundraising events | $1,029,176 |
| Related organizations | $0 |
| Government grants | $1,490,206 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,760,539 |
| Noncash contributions included in lines 1a–1f | $33,894 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,893,046 |
| Total Program Service Revenue | $1,858,742 |
| Investment income | $21,189 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $297,310 |
| Net Gain/Loss on Asset Sales | $29,568 |
| Net Income from Fundraising Events | -$184,699 |
| Net Income from Gaming Activities | $13,650 |
| Net Income from Sales of Inventory | $38,898 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,502,170 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $232,098 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $354,067 |
| Compensation of current officers, directors, key employees. | $45,430 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,182,189 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $191,344 |
| Payroll taxes | $302,832 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,294 |
| Fees for services: Accounting | $49,174 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,318 |
| Fees for services: Other | $468,212 |
| Advertising and promotion | $372,419 |
| Office expenses | $167,624 |
| Information technology | $63,108 |
| Royalties | $123,579 |
| Occupancy | $380,710 |
| Travel | $56,882 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,929 |
| Interest | $4,932 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $787,361 |
| Insurance | $43,613 |
| All other expenses | $16,887 |
| Total functional expenses | $6,977,382 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,227,721 |
| Savings and temporary cash investments | $71,916 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,453,619 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $46,667 |
| Prepaid expenses and deferred charges | $270,679 |
| Net Land, buildings, and equipment | $16,010,944 |
| Investments—publicly traded securities | $1,158,916 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,160,139 |
| Total assets | $22,400,601 |
| Accounts payable and accrued expenses | $494,147 |
| Grants payable | $0 |
| Deferred revenue | $521,287 |
| 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 | $1,005 |
| Total liabilities | $1,016,439 |
| Net assets without donor restrictions | $17,079,913 |
| Net assets with donor restrictions | $4,304,249 |
| 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 | $22,400,601 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Tulsa Ballet Theater Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Norvell Family Foundation Inc Tulsa, OK PURPOSE: SUPPORT | $10,000 |
Endowment Analysis
| Beg. Balance | $12,748,920 |
| Earnings | -$607,901 |
| Admin Expense | $76,799 |
| Other Expense | $478,057 |
| Ending Balance | $11,586,163 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kansas City Ballet Association Kansas City, MO | $44,028,561 | $12,814,564 |
Colorado Ballet Company Denver, CO | $10,776,318 | $9,808,216 |
Ballet Austin Incorporated Austin, TX | $16,567,497 | $9,559,928 |
Texas Ballet Theater Inc Fort Worth, TX | $14,755,979 | $10,675,442 |
Tulsa Ballet Theater Inc Tulsa, OK | $22,400,601 | $8,502,170 |
Ballet Oklahoma Inc Oklahoma City, OK | $9,840,405 | $3,365,985 |
Laurie Foundation For The Performing Arts Columbia, MO | $6,459,045 | $968,148 |
Aspen Santa Fe Ballet Aspen, CO | $7,448,531 | $3,007,327 |
Ballet Lubbock Lubbock, TX | $11,609,353 | $2,793,378 |
Wonderbound Denver, CO | $4,425,325 | $2,413,096 |
Lone Star Ballet Inc Amarillo, TX | $2,855,420 | $1,229,506 |
Saint Louis Ballet Company Chesterfield, MO | $736,242 | $1,637,573 |