Midland Festival Ballet
- Assets
- $220.1k
- Revenue
- $529.2k
- Investments
- $0.0
- Employees
- 6
- Location
- Midland, TX
- Founding
- 10/1995
- Data as of
- 06/2021
- EIN
- 75-2510710
Organization Overview
Midland Festival Ballet is located in Midland, TX. The organization was established in 1995. 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, Midland Festival Ballet employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Midland Festival 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 06/2021, Midland Festival Ballet generated $529.2k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $489.5k during the year ending 06/2021. While expenses have increased by 0.3% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
WITH A STRONG LEGACY, MIDLAND FESTIVAL BALLET (MFB) CONTINUES TO SERVE AS A BEACON OF ARTISTIC EXCELLENCE IN OUR COMMUNITY. OFFERING UNPARALLELED TRAINING TO APPROXIMATELY 200 STUDENTS, THE SCHOOL OF MIDLAND FESTIVAL BALLET CONTINUES TO THRIVE AND GROW EXPOSING STUDENTS AGES 3 THROUGH ADULT TO THE BEAUTY OF BALLET THROUGH THE FINEST TEACHING BY A PROFESSIONAL FACULTY.THE AWARD-WINNING CIVIC COMPANY IS COMPRISED OF LOCAL DANCERS SELECTED BY AUDITION AND SERVES AS THE ONLY CIVIC BALLET COMPANY IN THE AREA. THE CIVIC COMPANY DELIGHTS PATRONS AND AUDIENCES BY PRESENTING TWO FULL-LENGTH BALLET PRODUCTIONS EACH SEASON WITH LIVE ACCOMPANIMENT MOST OFTEN IN PARTNERSHIP WITH MIDLAND-ODESSA SYMPHONY AND CHORALE (E.G., THE NUTCRACKER IN DECEMBER AND A FULL-LENGTH PRODUCTION TYPICALLY HELD IN MARCH-APRIL) AT THE BEAUTIFUL WAGNER-NOEL PERFORMING ARTS CENTER.DEVOTING 15-25 HOURS WEEKLY FOR EDUCATION, PERFORMANCES, AND COMMUNITY OUTREACH, THE CIVIC COMPANY BRINGS THE BEAUTY OF BALLET THROUGH OUTREACH
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHOOL OF MIDLAND FESTIVAL BALLET HAS A PROFESSIONAL, TALENTED FACULTY THAT EXHIBITS THE HIGHEST CALIBER OF TEACHING. THE SCHOOL OF MFB HAS GROWN TO APPROXIMATELY 200 STUDENTS FROM AGES 3 THROUGH ADULT WHO ARE IMMERSED IN THE CRAFT OF BALLET IN AN EDUCATIONAL AND PERSONALLY ENRICHING ENVIRONMENT. THE SCHOOL IS STRUCTURED WITH THE BELIEF THAT A LOVE FOR THE ART OF BALLET AND THE DISCIPLINE THAT GOES ALONG WITH IT TEACH THE SKILLS FOR SUCCESS IN ANY FIELD STUDENTS WANT TO PURSUE. CLASSES OCCUR FROM AUGUST THROUGH MAY AND THE YEAR CULMINATES IN A SPRING SHOWCASE WHICH WAS HELD AT THE WAGNER NOEL PAC IN MAY 2021.
THE NUTCRACKER, A HOLIDAY CLASSIC, CONTINUES TO DELIGHT AUDIENCES AS A PERMIAN BASIN FAVORITE THAT FEATURES THE TALENTS OF OUR CIVIC COMPANY WHO ARE JOINED BY MIDLAND FESTIVAL BALLET'S SCHOOL STUDENTS, AND OTHER LOCAL DANCERS AT THE WAGNER-NOEL PERFORMING ARTS CENTER. MFB'S PRODUCTION FEATURES OVER 120 DANCERS AND VOLUNTEER PERFORMERS AND REQUIRES BETWEEN 50-75 VOLUNTEERS FOR PRODUCTION SUPPORT. WE PARTNER WITH MIDLAND-ODESSA SYMPHONY AND CHORALE WHO THRILLS AUDIENCES WITH TCHAIKOVSKY'S ICONIC SCORE. JOINING OUR CAST ARE PROFESSIONAL GUEST ARTISTS FROM ORGANIZATIONS SUCH AS HOUSTON BALLET, COLORADO BALLET, MILWAUKEE BALLET, AND DANCE THEATRE OF HARLEM. DUE TO THE COVID-19 PANDEMIC, MFB'S TRADITIONAL NUTCRACKER WAS DIFFERENT IN THE 2020-2021 SEASON. IN LEIU OF THE USUAL LIVE-ACTION PRODUCTION, MFB CREATD A FILM VERSION OF THEIR LIVE NUTCRACKER CALLED THE NUTCRACKER REIMAGINED. THE FILM PREMIERED AT THE BLUE SKY DRIVE-IN, AIRED ON BASIN PBS, AND WAS AVAILABLE TO STREAM ONLINE. MFB'S CIVIC COMPANY PRESENTED A MIXED REPERTOIRE PRODUCTION, OFFLINE AND ONSTAGE AT THE WAGNER-NOEL PERFORMING ARTS CENTER IN APRIL 2021. MFB'S CIVIC COMPANY WAS JOINED BY PROFESSIONAL GUEST ARTISTS FROM TEXAS BALLET THEATRE, AND BALLET SAN ANTONIO. MFB COLLABORATED WITH MIDLAND-ODESSA SYMPHONY AND CHORALE FOR LIVE ACCOMPANIMENT FOR THIS FULL-LENGTH PRODUCTION. DUE TO THE COVID-19 PANDEMIC, SEATING WAS SOCIALLY DISTANCED, AND THE PERFORMANCE SOLD 527 TICKETS. MFB WAS UNABLE TO HAVE THEIR USUAL OUTREACH PERFORMANCE FOR ELEMENTARY SCHOOL STUDENTS DUE TO THE COVID-19 PANDEMIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rachel Kerr Ritter Executive Dir. | Officer | 40 | $66,000 |
Scott Betton Treasurer | OfficerTrustee | 2 | $0 |
Melissa Wicker President | OfficerTrustee | 2 | $0 |
Nicole Lancto Past President | OfficerTrustee | 2 | $0 |
Phyllis Peek Secretary-Exec | OfficerTrustee | 2 | $0 |
Karmen Hendrix Bryant President Elect | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $42,593 |
| All other contributions, gifts, grants, and similar amounts not included above | $273,264 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $315,857 |
| Total Program Service Revenue | $208,473 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $4,822 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $529,242 |
| 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. | $66,000 |
| Compensation of current officers, directors, key employees. | $33,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $116,455 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,102 |
| Payroll taxes | $13,958 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,784 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $101,770 |
| Travel | $6,609 |
| 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 | $11,208 |
| Insurance | $0 |
| All other expenses | $42,924 |
| Total functional expenses | $489,541 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $162,567 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $2,580 |
| Net Land, buildings, and equipment | $54,935 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $220,082 |
| Accounts payable and accrued expenses | $10,782 |
| Grants payable | $0 |
| Deferred revenue | $5,714 |
| 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 | $42,593 |
| Other liabilities | $0 |
| Total liabilities | $59,089 |
| Net assets without donor restrictions | $160,993 |
| 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 | $220,082 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Midland Festival Ballet has recieved totaling $185,090.
| Awarding Organization | Amount |
|---|---|
Fmh Foundation Midland, TX PURPOSE: SPRING GALA | $90,000 |
American Endowment Foundation Hudson, OH PURPOSE: GENERAL OPERATING SUPPORT | $50,000 |
Permian Basin Area Foundation Midland, TX PURPOSE: Arts and Culture | $25,000 |
Bryant Family Foundation Dallas, TX PURPOSE: ARTS & CULTURE | $10,000 |
Paul And Katherine Morrow Family Foundation Midland, TX PURPOSE: OPERATIONS | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $90 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Houston Ballet Foundation Houston, TX | $166,414,247 | $49,258,253 |
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 |
Ballet Lubbock Lubbock, TX | $11,609,353 | $2,793,378 |
Lone Star Ballet Inc Amarillo, TX | $2,855,420 | $1,229,506 |
Ballet San Antonio San Antonio, TX | $323,558 | $962,217 |
Baton Rouge Ballet Theatre Inc Baton Rouge, LA | $649,892 | $706,281 |
Ballet Arkansas Little Rock, AR | $727,300 | $993,614 |
Chamberlain Ballet Plano, TX | $165,106 | $597,554 |
Midland Festival Ballet Midland, TX | $220,082 | $529,242 |