Texas Ballet Theater Inc
- Assets
- $14.8m
- Revenue
- $10.7m
- Investments
- $0.0
- Employees
- 257
- Location
- Fort Worth, TX
- Founding
- 03/2004
- Data as of
- 06/2022
- EIN
- 84-1622654
Organization Overview
Texas Ballet Theater Inc is located in Fort Worth, TX. The organization was established in 2004. 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, Texas Ballet Theater Inc employed 257 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas 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 06/2022, Texas Ballet Theater Inc generated $10.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $7.8m during the year ending 06/2022. 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
TEXAS BALLET THEATER CREATES, PRESENTS, AND TOURS WORLD CLASS BALLET, FROM CLASSICAL TO CUTTING EDGE, AND PROMOTES ITS APPRECIATION, ACCESSIBILITY, AND TECHNICAL MASTERY AMONG STUDENTS, PRE-PROFESSIONALS, AND AUDIENCES OF ALL AGES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TEXAS BALLET THEATER PROVIDED 43 HIGH QUALITY BALLET PERFORMANCES IN DALLAS AND FORT WORTH, TEXAS FOR 46,826 PATRONS DURING THE FISCAL YEAR ENDED JUNE 30, 2022. INCLUDED IN THE PRODUCTIONS WAS A COMPANY PREMIER "STAR CROSSED" BY BEN STEVENSON,O.B.E. THE COMPANY ALSO PRESENTED TWO WORLD PREMIERS "VIOLIN CONCERTO IN D" BY TIMOTHY O'KEEFE AND "A MIDSUMMER NIGHT'S DREAM' BY BEN STEVENSON, O.B.E.. FAMILY FAVORITE "THE NUTCRACKER" BY BEN STEVENSON WAS ALSO PRESENTED. DUE TO THE COVID-19 PANDEMIC 2 SHOWS WERE CANCELLED.
PROVIDED SUCCESSFUL TRAINING PROGRAMS, LOCATED IN FORT WORTH, TEXAS AND RICHARDSON, TEXAS FOR THE PERFORMING ARTS WITH PROFESSIONAL INSTRUCTION AND DANCE EDUCATION. APPROXIMATELY 606 STUDENTS PARTICIPATED IN OUR PROGRAMS DURING THE FISCAL YEAR ENDED JUNE 30, 2022.
CITY DANCE IS A PROGRAM CREATED TO ENRICH THE LIVES OF CHILDREN IN UNDERSERVED COMMUNITIES ACROSS NORTH TEXAS AND TO DEVELOP ARTISTS, ART PATRONS AND LEADERS OF THE FUTURE BY PROVIDING FREE AFTER-SCHOOL BALLET LESSONS TO 692 K - 8TH GRADERS IN PARTICIPATING SCHOOLS IN CROWLEY, EVERMAN, DALLAS, FORT WORTH, AND RICHARDSON INDEPENDENT SCHOOL DISTRICTS. CITY DANCE SERVED STUDENTS IN 27 NORTH TEXAS SCHOOLS DURING THE FISCAL YEAR ENDED JUNE 30, 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vanessa Logan Executive Director | Officer | 40 | $185,946 |
Ben Stevenson Artistic Director | Officer | 40 | $182,151 |
Whitney Strauss Secretary | OfficerTrustee | 1 | $0 |
Anne T Bass Chairman | OfficerTrustee | 3 | $0 |
Camille R Comeau Treasurer | OfficerTrustee | 2 | $0 |
Tom Bessant Vice-Chairman | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Schaefer Advertising Co Ltd Marketing Consultant | 6/29/22 | $542,207 |
At&t Performing Arts Center Dallas Performance Expenses | 6/29/22 | $203,553 |
Performing Arts Of Fort Worth Fort Worth Performance Expenses | 6/29/22 | $419,701 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $853,995 |
| Related organizations | $0 |
| Government grants | $989,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,740,800 |
| Noncash contributions included in lines 1a–1f | $8,459 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,583,795 |
| Total Program Service Revenue | $4,827,570 |
| Investment income | $527 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $124,186 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$120,861 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $10,225 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,675,442 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $19,495 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $426,763 |
| Compensation of current officers, directors, key employees. | $54,094 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,848,861 |
| Pension plan accruals and contributions | $50,546 |
| Other employee benefits | $834,736 |
| Payroll taxes | $250,705 |
| 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 | $93,635 |
| Advertising and promotion | $913,092 |
| Office expenses | $49,200 |
| Information technology | $13,155 |
| Royalties | $0 |
| Occupancy | $821,037 |
| Travel | $0 |
| 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 | $549,449 |
| Insurance | $113,848 |
| All other expenses | $0 |
| Total functional expenses | $7,828,497 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,503,070 |
| Savings and temporary cash investments | $325,000 |
| Pledges and grants receivable | $198,890 |
| Accounts receivable, net | $18,915 |
| Loans from Officers, Directors, or Controlling Persons | $66,064 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,027 |
| Prepaid expenses and deferred charges | $173,819 |
| Net Land, buildings, and equipment | $6,219,134 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $249,060 |
| Total assets | $14,755,979 |
| Accounts payable and accrued expenses | $318,844 |
| Grants payable | $0 |
| Deferred revenue | $832,898 |
| 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 | $1,151,742 |
| Net assets without donor restrictions | $12,363,046 |
| Net assets with donor restrictions | $1,241,191 |
| 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 | $14,755,979 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Texas Ballet Theater Inc has recieved totaling $100,000.
| Awarding Organization | Amount |
|---|---|
Addy Foundation Dallas, TX PURPOSE: CIVIC/COMMUNITY ENGAGEMENT | $100,000 |
Endowment Analysis
| Beg. Balance | $329,692 |
| Earnings | $527 |
| Ending Balance | $330,219 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
San Angelo Civic Ballet Incorporated San Angelo, TX | $503,526 | $543,364 |