Oregon Ballet Theatre
- Assets
- $8.5m
- Revenue
- $9.4m
- Investments
- $0.0
- Employees
- 230
- Location
- Portland, OR
- Founding
- 03/1990
- Data as of
- 06/2022
- EIN
- 93-1009305
Organization Overview
Oregon Ballet Theatre is located in Portland, OR. The organization was established in 1990. 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, Oregon Ballet Theatre employed 230 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oregon Ballet Theatre 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, Oregon Ballet Theatre generated $9.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $7.6m 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
OREGON BALLET THEATRE IS AN OREGON NONPROFIT ORGANIZATION ESTABLISHED AS THE ONLY FULL-TIME OPERATING BALLET COMPANY IN THE PORTLAND METROPOLITAN REGION. THE BALLET COMPANY PERFORMS AN ANNUAL SEASON OF FOUR PROGRAMS AND ALSO CONDUCTS REGIONAL AND NATIONAL TOURS. THROUGH ITS MANY PROGRAMS, OBT'S CONTINUING GOAL IS TO PROVIDE ITS CONSTITUENCY WITH PERFORMANCES, EDUCATION AND TRAINING OF THE HIGHEST CALIBER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRODUCTIONS - ANNUAL PRESENTATIONS OF THE RESIDENT PROFESSIONAL BALLET COMPANY AND GUEST ARTISTS IN A SERIES OF SUBSCRIPTION AND SINGLE TICKET PERFORMANCES.
SCHOOL - PROFESSIONAL TRAINING FOR DANCERS INTERESTED IN A CAREER IN BALLET AND DANCE INSTRUCTION FOR INDIVIDUALS OF ALL AGES. THE SCHOOL ALSO SERVES AS A TRAINING GROUND FOR DANCERS ENTERING THE BALLET COMPANY.
EDUCATIONAL OUTREACH - PARTICIPATION IN THE YOUNG AUDIENCES AND OTHER PROGRAMS THROUGH PRESENTATION OF DANCE PERFORMANCES AND EDUCATION IN DANCE FOR SCHOOL CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Bruner Executive Director | 40 | $149,267 | |
Peter Franc Artistic Director | 40 | $110,000 | |
Cate Sweeney Chairman | OfficerTrustee | 2 | $0 |
Allison Sneider Secretary | OfficerTrustee | 2 | $0 |
Matt Watson Co Vice Chair | OfficerTrustee | 2 | $0 |
Charlie Jones Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,378,230 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,496,364 |
| Noncash contributions included in lines 1a–1f | $62,177 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,874,594 |
| Total Program Service Revenue | $3,963,455 |
| Investment income | $112,693 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $35,292 |
| Net Gain/Loss on Asset Sales | $17,809 |
| Net Income from Fundraising Events | $311,081 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $95,270 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,410,499 |
| 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. | $259,267 |
| Compensation of current officers, directors, key employees. | $74,633 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,971,357 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $534,644 |
| Payroll taxes | $332,860 |
| 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 | $16,986 |
| Fees for services: Other | $367,790 |
| Advertising and promotion | $349,155 |
| Office expenses | $0 |
| Information technology | $37,722 |
| Royalties | $0 |
| Occupancy | $507,226 |
| Travel | $57,771 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $134,991 |
| Insurance | $54,988 |
| All other expenses | $238,393 |
| Total functional expenses | $7,619,893 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,420,210 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $363,495 |
| Accounts receivable, net | $44,955 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $57,871 |
| Prepaid expenses and deferred charges | $252,944 |
| Net Land, buildings, and equipment | $143,185 |
| Investments—publicly traded securities | $4,206,972 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $24,835 |
| Total assets | $8,514,467 |
| Accounts payable and accrued expenses | $256,017 |
| Grants payable | $0 |
| Deferred revenue | $978,018 |
| 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 | $38,180 |
| Total liabilities | $1,272,215 |
| Net assets without donor restrictions | $6,849,075 |
| Net assets with donor restrictions | $393,177 |
| 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 | $8,514,467 |
Grants Recieved
Over the last fiscal year, we have identified 20 grants that Oregon Ballet Theatre has recieved totaling $1,000,511.
| Awarding Organization | Amount |
|---|---|
James F And Marion L Miller Foundation Portland, OR PURPOSE: OBT LARGE ARTS INITIATIVE 19 20 021 | $150,000 |
Harold & Arlene Schnitzer Care Foundation Portland, OR PURPOSE: ANNUAL GIFT PLEDGE | $100,000 |
Harold & Arlene Schnitzer Care Foundation Portland, OR PURPOSE: ANNUAL GIFT PLEDGE | $100,000 |
Regional Arts & Culture Council Portland, OR PURPOSE: GENERAL OPERATING SUPPORT | $99,100 |
Oregon Community Foundation Portland, OR PURPOSE: Performing Arts | $96,700 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $85,550 |
Endowment Analysis
| Beg. Balance | $65,023 |
| Ending Balance | $65,023 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oregon Ballet Theatre Portland, OR | $8,514,467 | $9,410,499 |
The Wooden Floor For Youth Movement Santa Ana, CA | $14,794,829 | $2,954,503 |
Smuin Ballets-Sf San Francisco, CA | $10,091,492 | $3,860,023 |
Ballet Idaho Inc Boise, ID | $2,692,364 | $2,968,951 |
Dance Downtown La Inc Los Angeles, CA | $2,086,365 | $3,424,604 |
Eugene Ballet Eugene, OR | $4,036,956 | $2,163,393 |
Long Beach Ballet Arts Center Long Beach, CA | $362,666 | $1,208,690 |
Berkeley Ballet Theatre Inc Berkeley, CA | $687,595 | $961,031 |
Diablo Ballet Walnut Creek, CA | $266,639 | $1,136,427 |
City Ballet Inc San Diego, CA | $417,360 | $1,107,736 |
Ballet Sun Valley Inc Sun Valley, ID | $449,442 | $1,037,010 |
Sacramento Ballet Association Sacramento, CA | $1,802,888 | $1,450,933 |