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:
State:
Website:
Founded:
1955
Type:
501(c)(3)
NTEE:
Revenue:
$36,905,524
Assets:
$142,190,570
Employees:
525
Fiscal year end:
June
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 | New York City Ballet | 501(c)(3) | $99 million | New York, NY |
| 2 | Ballet West | 501(c)(3) | $13 million | Salt Lake City, UT |
| 3 | Miami City Ballet (MCB) | 501(c)(3) | $18 million | Miami Beach, FL |
| 4 | San Francisco Ballet | 501(c)(3) | $54 million | San Francisco, CA |
| 5 | American Ballet Theatre (ABT) | 501(c)(3) | $51 million | New York, NY |
| 6 | Atlanta Ballet | 501(c)(3) | $12 million | Atlanta, GA |
| 7 | Pacific Northwest Ballet (PNB) | 501(c)(3) | $28 million | Seattle, WA |
| 8 | Boston Ballet | 501(c)(3) | $38 million | Boston, MA |
| 9 | Joffrey Ballet | 501(c)(3) | $26 million | Chicago, IL |
| 10 | The Pennsylvania Ballet Association | 501(c)(3) | $14 million | Philadelphia, PA |
| 11 | The Cincinnati Ballet Company | 501(c)(3) | $9.6 million | Cincinnati, OH |
| 12 | Ballet Memphis Corporation | 501(c)(3) | $15 million | Memphis, TN |
| 13 | Pittsburgh Ballet Theatre | 501(c)(3) | $12 million | Pittsburgh, PA |
| 14 | Milwaukee Ballet Company | 501(c)(3) | $13 million | Milwaukee, WI |
| 15 | The Washington Ballet | 501(c)(3) | $12 million | Washington, DC |
| 16 | Alvin Ailey Dance Foundation | 501(c)(3) | $48 million | New York, NY |
| 17 | David H. Koch Theater | 501(c)(3) | $11 million | New York, NY |
| 18 | Shen Yun Performing Arts | 501(c)(3) | $29 million | Cuddebackvlle, NY |
| 19 | Theatre Development Fund (TDF) | 501(c)(3) | $17 million | New York, NY |
| 20 | New York City Center | 501(c)(3) | $28 million | New York, NY |
| 21 | National Dance Institute | 501(c)(3) | $9.3 million | New York, NY |
| 22 | Joyce Theater Foundation | 501(c)(3) | $9.8 million | New York, NY |
| 23 | Michigan Opera Theatre | 501(c)(3) | $12 million | Detroit, MI |
| 24 | Paul Taylor Dance Taylor 2 | 501(c)(3) | $9.6 million | New York, NY |
| 25 | Cincinnati Arts Association | 501(c)(3) | $16 million | Cincinnati, OH |