BALLET THEATRE FOUNDATION INC

EIN: 131882106 501(c)(3) Arts, Culture & Humanities

NEW YORK, NY

Total Revenue
$41,012,601
Total Expenses
$55,099,836
Total Assets
$63,573,623
Net Assets
$31,554,980
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1947
Legal Domicile
NY
Principal Officer
BARRY HUGHSON
Phone
2124773030
Tax Period
2024-01-01 to 2024-12-31

BALLET THEATRE FOUNDATION INC, founded in 1947, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $41.0M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $55.1M exceeded revenue, resulting in a 34% operating deficit.

Mission

THE FOUNDATION'S BALLET COMPANY, AMERICAN BALLET THEATRE, DESIGNATED BY CONGRESSIONAL RESOLUTION IN 2006 AS AMERICA'S NATIONAL BALLET COMPANY, PRESENTS THE GREAT REPERTOIRE OF FULL-LENGTH BALLETS, ONE-ACT CLASSICS AND PIONEERING NEW WORKS TO AUDIENCES ACROSS THE COUNTRY AND AROUND THE WORLD.

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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 (2024)

Revenue Breakdown

Contributions & Grants $19,912,696
Program Service Revenue $19,275,280
Investment Income $1,570,358
Other Revenue $254,267
TOTAL REVENUE $41,012,601

Expense Breakdown

Grants Paid $937,206
Salaries & Benefits $30,911,794
Fundraising Expenses $2,988,721
Program Expenses $48,458,680
Other Expenses $22,930,334
TOTAL EXPENSES $55,099,836

Year-over-Year Comparison

2024 2023 Change
Revenue $41,012,601 $35,878,483 +0.1%
Expenses $55,099,836 $55,189,251 0.0%
Net Income $-14,087,235 $-19,310,768 -0.3%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
39
Independent Members
37
Employees
769
Volunteers
37

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
10
$1,444,482
Total Directors
39
$958,520
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANDREW F BARTH CHAIRMAN 5.00
Officer Director
$0 $0 $0
SARAH ARISON PRESIDENT 5.00
Officer Director
$0 $0 $0
SHARON PATRICK VICE CHAIR 5.00
Officer Director
$0 $0 $0
KARA MOORE VICE CHAIR 5.00
Officer Director
$0 $0 $0
MELISSA A SMITH VICE CHAIR AND TREASURER 5.00
Officer Director
$0 $0 $0
STEWART SMITH SECRETARY 5.00
Officer Director
$0 $0 $0
ALEXANDRA AIRTH TRUSTEE 1.00
Director
$0 $0 $0
DONNA CALAMARI TRUSTEE 1.00
Director
$0 $0 $0
ARIELLE PATRICK TRUSTEE 1.00
Director
$0 $0 $0
ALEXIS STILES TRUSTEE 1.00
Director
$0 $0 $0
FRANCESCA MACARTNEY BEALE TRUSTEE 1.00
Director
$0 $0 $0
HAMISH BOWLES TRUSTEE 1.00
Director
$0 $0 $0
VALENTINO D CARLOTTI TRUSTEE 1.00
Director
$0 $0 $0
SUSAN FALES-HILL TRUSTEE 1.00
Director
$0 $0 $0
PAMELA FORD TRUSTEE 1.00
Director
$0 $0 $0
GWENDOLYN M FRAGOMEN TRUSTEE 1.00
Director
$0 $0 $0
JAMES HEXTER TRUSTEE 1.00
Director
$0 $0 $0
ANGELA H HO TRUSTEE 1.00
Director
$0 $0 $0
YONGSOO HUH TRUSTEE 1.00
Director
$0 $0 $0
WENDY EVANS JOSEPH TRUSTEE 1.00
Director
$0 $0 $0
SHELLY LONDON TRUSTEE 1.00
Director
$0 $0 $0
ALISSA HSU LYNCH TRUSTEE 1.00
Director
$0 $0 $0
PAULA MAHONEY TRUSTEE 1.00
Director
$0 $0 $0
NANCY MCCORMICK TRUSTEE 1.00
Director
$0 $0 $0
PATRICIA R MORTON TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL PAULL TRUSTEE 1.00
Director
$0 $0 $0
RICHARD PEPPERMAN TRUSTEE 1.00
Director
$0 $0 $0
DMITRI POTISHKO TRUSTEE 1.00
Director
$0 $0 $0
JANINE RACANELLI TRUSTEE 1.00
Director
$0 $0 $0
JENNA SEGAL TRUSTEE 1.00
Director
$0 $0 $0
SHARAREH SIADAT TRUSTEE 1.00
Director
$0 $0 $0
BETH CHARTOFF SPECTOR TRUSTEE 1.00
Director
$0 $0 $0
SUTTON STRACKE TRUSTEE 1.00
Director
$0 $0 $0
DOUGLAS TABISH TRUSTEE 1.00
Director
$0 $0 $0
RUTGER VON POST TRUSTEE 1.00
Director
$0 $0 $0
JOHN L WARDEN TRUSTEE 1.00
Director
$0 $0 $0
DOUGLAS C WURTH TRUSTEE 1.00
Director
$0 $0 $0
BARRY HUGHSON EXECUTIVE DIRECTOR (AS OF 3/2024) 40.00
Officer Director
$432,888 $7,078 $439,966
SUSAN JAFFE ARTISTIC DIRECTOR 40.00
Officer Director
$501,081 $17,473 $518,554
LOURDES LIZ CHIEF MARKETING DIRECTOR 40.00
Officer
$238,294 $17,402 $255,696
KYLE RIDAUGHT CHIEF ADVANCEMENT OFFICER 40.00
Officer
$212,769 $17,497 $230,266
HERMAN CORNEJO PRINCIPAL DANCER 40.00
Highest
$235,799 $21,877 $257,676
PAUL STEARNS PRINCIPAL DANCER 40.00
Highest
$216,622 $21,571 $238,193
CHERYL KOHN DIRECTOR, LEADERSHIP GIFTS 40.00
Highest
$213,849 $17,536 $231,385
HEE SEO PRINCIPAL DANCER 40.00
Highest
$207,134 $21,400 $228,534
JENELLE VINCENT CONTROLLER 40.00
Highest
$201,973 $17,536 $219,509
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
2024 No data No data No data No data
2024 $41,012,601 $55,099,836 $63,573,623 $-14,087,235
2024 $41,012,601 $55,099,836 $63,573,623 $-14,087,235
2023 $35,878,483 $55,189,251 $75,456,104 $-19,310,768
2022 $37,444,472 $46,227,055 $74,870,943 $-8,782,583
2022 $37,561,780 $45,351,350 $75,851,680 $-7,789,570
2021 $56,242,034 $29,492,776 $91,391,905 $26,749,258
2020 $28,032,406 $29,740,579 $65,047,659 $-1,708,173
2019 $47,153,046 $49,002,829 $60,582,745 $-1,849,783
2018 $51,665,826 $48,511,383 $56,907,684 $3,154,443
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