WILMINGTON BALLET ACADEMY OF THE DANCE INC

EIN: 261861300 501(c)(3) Arts, Culture & Humanities

WILMINGTON, DE

Total Revenue
$339,540
Total Expenses
$401,559
Total Assets
$648,327
Net Assets
$487,235
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
DE
Principal Officer
BENJAMIN STERLING CANNON
Phone
3026551004
Tax Period
2023-09-01 to 2024-08-31

WILMINGTON BALLET ACADEMY OF THE DANCE INC, founded in 2008, is a small nonprofit in the Arts, Culture & Humanities sector that reported $340K in total revenue in fiscal year 2023. Expenses of $402K exceeded revenue, resulting in a 18% operating deficit.

Mission

SINCE 1956, THE WILMINGTON BALLET ACADEMY OF THE DANCE HAS BEEN DEDICATED TO PROVIDING SUPERIOR CLASSICAL BALLET TRAINING TO STUDENTS OF ALL AGES IN THE WILMINGTON AREA TO FOSTER DISCIPLINE, CONFIDENCE, POISE, AND COMMITMENT. IN ADDITION, WE PROVIDE OUR STUDENTS WITH THE OPPORTUNITY TO PERFORM WITH WORLD CLASS ARTISTS AND LIVE MUSIC.

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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 $118,401
Program Service Revenue $200,078
Investment Income $2
Other Revenue $21,059
TOTAL REVENUE $339,540

Expense Breakdown

Grants Paid $21,533
Salaries & Benefits $89,736
Fundraising Expenses $100
Program Expenses $304,073
Other Expenses $290,290
TOTAL EXPENSES $401,559

Year-over-Year Comparison

2023 2022 Change
Revenue $339,540 $338,674 +0.0%
Expenses $401,559 $451,758 -0.1%
Net Income $-62,019 $-113,084 -0.5%
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
8
Independent Members
8
Employees
2
Volunteers
35

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
$59,287
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CONSUELLA PETTY BOARD PRESIDENT 1.00
Officer Director
$0 $0 $0
ROSANNE BRANDAU BOARD VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
SEAN O'SHEA BOARD MEMBER 1.00
Director
$0 $0 $0
KELLY GRIMES-WILKINS BOARD MEMBER 1.00
Director
$0 $0 $0
NORWOOD COLEMAN JR BOARD MEMBER 1.00
Director
$0 $0 $0
ANGELA MERON-CASEY BOARD MEMBER 1.00
Director
$0 $0 $0
ELIZABETH YASIK MD BOARD MEMBER 1.00
Director
$0 $0 $0
BURGUNDI ALISON BOARD MEMBER 1.00
Director
$0 $0 $0
BENJAMIN STERLING CANNON EXECUTIVE AND ARTISTIC DIRECTOR 40.00
Officer
$59,287 $0 $59,287
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 $339,540 $401,559 $648,327 $-62,019
2023 $338,674 $451,758 $671,925 $-113,084
2022 $422,635 $501,202 $709,904 $-78,567
2021 $440,407 $287,681 $827,840 $152,726
2020 $373,181 $363,633 $687,745 $9,548
2019 $415,120 $366,552 $670,409 $48,568
2018 $385,930 $438,273 $642,125 $-52,343
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