Cause IQ organization profile

Houston Ballet

Houston Ballet is a ballet company based in Houston, TX that was founded in 1955. As of 2018 they had $36 million in revenue and $142 million in assets.

To inspire a lasting love and appreciation for dance through artistic excellence, exhilarating performances, innovative choreography and superb educational programs. The organization maintains a company of professional dancers and orchestra that gives...

Previous legal names or variations of their name include: Houston Ballet Foundation.

EIN:

74-1394920

City:

Houston

State:

Texas

Website:

houstonballet.org

Founded:

1955

Type:

501(c)(3)

NTEE:

A63: Ballet companies

Revenue:

$36,905,524

Assets:

$142,190,570

Employees:

525

Fiscal year end:

June

Revenue trends:

Asset trends:

Program areas at Houston Ballet

Dance performances by the company of professional dancers and orchestra in houston, tx, on tour nationally and internationally include production expenses such as salary of performers, cost of costumes, stage sets, theater rental, orchestra and other related expenses.

Academy dance education includes expenses relating to the operation of the ballet academy and the scholarships and tuition for academy students.

Form 990s for Houston Ballet

Fiscal year ending	Date received by IRS	Form	PDF link
2018-06	May 14, 2019	990	View PDF
2017-06	May 14, 2018	990	View PDF
2016-06	Aug 17, 2017	990	View PDF
2015-06	Jul 25, 2016	990	View PDF
2014-06	Mar 27, 2015	990	View PDF
...and four more Form 990 PDFs

Financials for Houston Ballet

Field	2018	2017	% Change
Federated campaigns	$0	$0
Membership dues	$773,968	$759,606	1.9%
Fundraising event contributions	$1,398,646	$1,248,175	12.1%
Related organizations	$5,024,711	$4,635,750	8.4%
Government grants (contributions)	$1,038,634	$1,366,499	-24.0%
Normal grants, contributions, etc.	$7,292,890	$8,532,584	-14.5%
<em>Non-cash contributions included in above</em>	$1,091,118	$1,079,314	1.1%
Total grants, contributions, etc.	$15,528,849	$16,542,614	-6.1%

Field	2018	2017	% Change
Total grants, contributions, etc.	$15,528,849	$16,542,614	-6.1%
Program services	$11,607,018	$14,708,036	-21.1%
Investment income and dividends	$1,383,674	$1,350,778	2.4%
Tax-exempt bond proceeds	$0	$0
Royalty revenue	$0	$0
Net rental income	$0	$0
Net gain from sale of non-inventory assets	$2,580,384	$430,923	498.8%
Net income from fundraising events	$-47,444	$36,436	-230.2%
Net income from gaming activities	$0	$0
Net income from sales of inventory	$0	$0
Miscellaneous revenues	$5,853,043	$1,487,080	293.6%
Total revenues	$36,905,524	$34,555,867	6.8%

Field	2018	2017	% Change
Grants to govts. and orgs. in USA	$0	$0
Grants to individuals in USA	$0	$0
Grants to govts., orgs., and individuals outside USA	$0	$0
Benefits paid to or for members	$0	$0
Compensation of current officers, etc.	$1,681,065	$1,779,781	-5.5%
Compensation not included above, to disqualified persons	$0	$0
Non-officer salaries and wages	$12,805,883	$12,585,191	1.8%
Pension/retirement accruals and contributions	$661,951	$659,508	0.4%
Other employee benefits	$2,476,817	$2,185,936	13.3%
Payroll taxes	$1,585,713	$1,649,687	-3.9%
Management fees	$10,833	$0	999%
Legal fees	$4,150	$0	999%
Accounting fees	$45,660	$45,424	0.5%
Lobbying fees	$0	$0
Pro. fundraising fees	$0	$0
Investment mgmt fees	$253,544	$245,420	3.3%
Other fee-for-service	$0	$0
Advertising and promotion	$2,393,457	$2,578,528	-7.2%
Office expenses	$2,979,969	$3,048,927	-2.3%
Information tech. expenses	$162,681	$156,302	4.1%
Royalty expenses	$140,712	$222,976	-36.9%
Occupancy	$1,609,237	$1,587,547	1.4%
Travel	$384,894	$789,962	-51.3%
Public official travel and entertainment	$0	$0
Conferences, meetings, etc.	$0	$0
Interest	$0	$0
Payments to affiliates	$18,013	$25,560	-29.5%
Depreciation, amortization, etc.	$3,557,485	$3,780,052	-5.9%
Insurance	$179,181	$169,842	5.5%
All other expenses	$2,426,607	$2,673,142	-9.2%
Total expenses	$33,377,852	$34,183,785	-2.4%

Field	2018	2017	% Change
Cash (non-interest-bearing)	$0	$0
Savings, short-term investments, etc.	$17,449,868	$8,069,353	116.2%
Pledges and grants receivable	$4,111,702	$5,209,817	-21.1%
Accounts receivable	$177,025	$191,892	-7.7%
Loans receivable from officers, directors, etc.	$0	$0
Loans receivable from other disqualified persons	$0	$0
Notes and loans receivable	$0	$0
Inventories for use	$0	$0
Prepaid expenses and deferred charges	$1,108,110	$864,801	28.1%
Buildings, equipment, etc. post-depreciation	$44,648,997	$47,327,841	-5.7%
Investments, publicly traded securities	$67,481,481	$66,498,596	1.5%
Investments, other securities	$7,213,387	$6,790,824	6.2%
Investments, program-related	$0	$0
Intangible assets	$0	$0
Other assets	$0	$0
Total assets	$142,190,570	$134,953,124	5.4%

Field	2018	2017	% Change
Accounts payable and accrued expenses	$2,505,017	$1,515,256	65.3%
Grants payable	$0	$0
Deferred revenue	$4,945,077	$5,577,338	-11.3%
Tax-exempt bond liabilities	$0	$0
Escrow or custodial account liability	$0	$0
Loans payable to officers and disqualified persons	$0	$0
Secured mortgages and notes payable to unrelated third parties	$0	$0
Unsecured notes and loans payable to unrelated third parties	$0	$0
Other liabilities	$15,428	$0	999%
Total liabilities	$7,465,522	$7,092,594	5.3%

Field	2018	2017	% Change
Unrestricted net assets	$94,314,844	$89,687,519	5.2%
Temporarily restricted net assets	$4,921,523	$2,724,736	80.6%
Permanently restricted net assets	$35,488,681	$35,448,275	0.1%

Vendors for Houston Ballet

Vendor	Services	Amount paid	Date
Pricewaterhousecoopers LLP	Tax accounting		2019-03-16
█████████ ████████	Software		2018-10-04
████████ ███████████ ███	Advertising Management	$218,441	2018-06-01
███ █████████████ ███████████	Telemarketing	$236,033	2018-06-01
███ █████ ███████ ███	Scenic Design Services	$372,414	2018-06-01
█████ █████ ██	Union Stage Hands	$1,723,293	2018-06-01
███████ ██████ █████████ ███████	Wortham Stage Hands	$286,907	2018-06-01
███████ ███████ █	Insurance agent or broker	$76	2017-06-30
...and four more vendors

Personnel at Houston Ballet

Name	Title	Compensation	Most recent data
Zane Cheryl Lynn	Chief Financial Officer	$176,000	June 30, 2018
Mr. James M. Nicklos	Vice President - Finance	-	Jan. 21, 2020
███ ████████ ██ █████	Vice President - Investment	-	June 10, 2019
███████ █████ █	Vice President - Finance	$0	Jan. 21, 2020
█████ ████████ █	Vice President - Investments	$0	Jan. 21, 2020
███ █████ ██ ████	Vice President - Institutional Giving	-	Jan. 21, 2020
████████ █ █████	Vice President - Development	$0	Jan. 21, 2020
██████ █████ █████	Vice President - Special Events	$0	Jan. 21, 2020
███ █████	Vice President - Student Matin / M.a.l Guild Special Advisor	$0	June 30, 2018
███ ██████	Executive Director	-	May 10, 2019
...and 14 more key personnel

Peer ballet companies

	Name	Type	Revenue	Location
1	The Washington Ballet	501(c)(3)	$12 million	Washington, DC
2	Ballet Memphis Corporation	501(c)(3)	$15 million	Memphis, TN
3	Milwaukee Ballet Company	501(c)(3)	$13 million	Milwaukee, WI
4	Pittsburgh Ballet Theatre	501(c)(3)	$12 million	Pittsburgh, PA
5	Atlanta Ballet	501(c)(3)	$12 million	Atlanta, GA
6	New York City Ballet	501(c)(3)	$99 million	New York, NY
7	American Ballet Theatre (ABT)	501(c)(3)	$51 million	New York, NY
8	Miami City Ballet (MCB)	501(c)(3)	$18 million	Miami Beach, FL
9	Ballet West	501(c)(3)	$13 million	Salt Lake City, UT
10	San Francisco Ballet	501(c)(3)	$54 million	San Francisco, CA
11	Pacific Northwest Ballet (PNB)	501(c)(3)	$28 million	Seattle, WA
12	The Pennsylvania Ballet Association	501(c)(3)	$14 million	Philadelphia, PA
13	The Cincinnati Ballet Company	501(c)(3)	$9.6 million	Cincinnati, OH
14	Boston Ballet	501(c)(3)	$38 million	Boston, MA
15	Joffrey Ballet	501(c)(3)	$26 million	Chicago, IL
16	Alvin Ailey Dance Foundation	501(c)(3)	$48 million	New York, NY
17	Paul Taylor Dance Taylor 2	501(c)(3)	$9.6 million	New York, NY
18	Michigan Opera Theatre	501(c)(3)	$12 million	Detroit, MI
19	Shen Yun Performing Arts	501(c)(3)	$29 million	Cuddebackvlle, NY
20	Theatre Development Fund (TDF)	501(c)(3)	$17 million	New York, NY
21	David H. Koch Theater	501(c)(3)	$11 million	New York, NY
22	Joyce Theater Foundation	501(c)(3)	$9.8 million	New York, NY
23	National Dance Institute	501(c)(3)	$9.3 million	New York, NY
24	New York City Center	501(c)(3)	$28 million	New York, NY
25	Marcus Center for the Performing Arts	501(c)(3)	$9.3 million	Milwaukee, WI

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