BOSTON BALLET INC

EIN: 042312734 501(c)(3) Arts, Culture & Humanities

Boston, MA

Total Revenue
$43,085,101
Total Expenses
$43,750,018
Total Assets
$91,197,695
Net Assets
$51,181,749
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Financial Trends

Organization Details

Formation Year
1963
Legal Domicile
MA
Principal Officer
Ming Min Hui
Phone
6176956950
Tax Period
2023-07-01 to 2024-06-30

BOSTON BALLET INC, founded in 1963, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $43.1M in total revenue in fiscal year 2023.

Mission

The heart of Boston Ballet is the human experience. Through our living and breathing art, we forge human connections-between artist and attendee, teacher and trainee, friend and newcomer, one's outer and inner self. Dance history is human history, full of innate beauty, generational memory, and contradictions. We share many characteristics that define our city, as global leaders of innovation with a rich heritage and diverse culture. But Boston's history is not perfect-and neither is the history of ballet. In order to heal as a community, we must unite against inequality, inequity, and exclusivity. We are Boston's Ballet. We believe in the transformative power of dance to inspire positive change in our community and beyond. We step toward the future, where our art breaks down barriers, opens minds, strengthens our connections to each other, and is shared more widely with all. Because the future of dance is the future of humanity.Together, we move-forward and farther-as Boston's Ballet.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $14,077,612
Program Service Revenue $24,428,796
Investment Income $1,540,289
Other Revenue $3,038,404
TOTAL REVENUE $43,085,101

Expense Breakdown

Grants Paid $0
Salaries & Benefits $22,611,803
Fundraising Expenses $2,808,829
Program Expenses $36,212,560
Other Expenses $21,138,215
TOTAL EXPENSES $43,750,018

Year-over-Year Comparison

2023 2022 Change
Revenue $43,085,101 $41,126,452 +0.0%
Expenses $43,750,018 $41,153,671 +0.1%
Net Income $-664,917 $-27,219 +23.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
43
Independent Members
43
Employees
637
Volunteers
200

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$1,123,893
Total Directors
43
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Mikko P Nissinen Artistic Director 40
Officer
$772,721 $8,224 $780,945
Meredith L Hodges Executive Director (Former) 40
$337,823 $10,134 $347,957
Ming Min Hui Executive Director 40
Officer
$285,314 $17,427 $302,741
Deborah Moe Chief Marketing Officer 40
Highest
$245,811 $8,224 $254,035
Blair Hollis Director of Development 40
Highest
$185,571 $10,821 $196,392
Michael Santora Music Director 40
Highest
$165,812 $17,547 $183,359
Russell Kaiser Assistant Artistic Director 40
Highest
$165,120 $17,547 $182,667
David Czesniuk Managing Director, Boston Ballet School 40
Highest
$160,211 $10,731 $170,942
Christopher Byrnes Chief Financial Officer & Treasurer 40
Officer
$39,978 $229 $40,207
Jack R Meyer Chair 1
Director
$0 $0 $0
Laura J Sen Vice Chair 1
Director
$0 $0 $0
Kevin Barry Secretary 1
Director
$0 $0 $0
Eric Aboaf Trustee 1
Director
$0 $0 $0
Jill Avery Trustee 1
Director
$0 $0 $0
Lisa A Blumenthal Trustee 1
Director
$0 $0 $0
Stephanie L Brown Trustee 1
Director
$0 $0 $0
Kimberly Burns Trustee 1
Director
$0 $0 $0
Catherine Connolly Trustee 1
Director
$0 $0 $0
Lynn Dale Trustee 1
Director
$0 $0 $0
Donna Egan Trustee 1
Director
$0 $0 $0
Liraz Evenor Trustee 1
Director
$0 $0 $0
Nina Sing Fialkow Trustee 1
Director
$0 $0 $0
Leigh Fraser Trustee 1
Director
$0 $0 $0
Susan V Fried Trustee 1
Director
$0 $0 $0
Ann Gallo Trustee 1
Director
$0 $0 $0
Elizabeth H Godfrey Trustee 1
Director
$0 $0 $0
Clinton Graham Trustee 1
Director
$0 $0 $0
John R Gwin Trustee 1
Director
$0 $0 $0
Ashley Harmon Trustee 1
Director
$0 $0 $0
Lori M Heinel Trustee 1
Director
$0 $0 $0
Andrea W Hoff Trustee 1
Director
$0 $0 $0
Lara Hurley Trustee 1
Director
$0 $0 $0
Tito Jackson Trustee 1
Director
$0 $0 $0
Ivana Magovcevic-Liebisch Trustee 1
Director
$0 $0 $0
Christine Maraganore Trustee 1
Director
$0 $0 $0
Lia Meisinger Trustee 1
Director
$0 $0 $0
Robert Nagle Trustee 1
Director
$0 $0 $0
Amir Nashat Trustee 1
Director
$0 $0 $0
Imari Paris Jeffries Trustee 1
Director
$0 $0 $0
Jerry Patterson Trustee 1
Director
$0 $0 $0
Annie Knickman Plancher Trustee 1
Director
$0 $0 $0
Audrey Epstein Reny Trustee 1
Director
$0 $0 $0
Laura E Riley MD Trustee 1
Director
$0 $0 $0
Jill W Roberts Trustee 1
Director
$0 $0 $0
E Pixley Schiciano Trustee 1
Director
$0 $0 $0
Jessica Schmitz Trustee 1
Director
$0 $0 $0
Emily E Shanks Trustee 1
Director
$0 $0 $0
Ruth Shefer Trustee 1
Director
$0 $0 $0
Alison Viehbacher Trustee 1
Director
$0 $0 $0
Brynja Vifilsdottir Trustee 1
Director
$0 $0 $0
D Ellen Wilson Trustee 1
Director
$0 $0 $0
Pamela Yang Trustee 1
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $43,085,101 $43,750,018 $91,197,695 $-664,917
2023 $41,126,452 $41,153,671 $91,728,082 $-27,219
2022 $37,137,399 $33,970,540 $61,076,711 $3,166,859
2021 $26,750,107 $18,629,482 $56,996,958 $8,120,625
2020 $43,675,085 $30,803,333 $53,746,348 $12,871,752
2019 $33,353,397 $36,736,142 $41,017,120 $-3,382,745
2018 $38,206,376 $37,098,893 $42,447,953 $1,107,483
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