FESTIVAL BALLET ALBUQUERQUE

EIN: 271993089 501(c)(3) Arts, Culture & Humanities

ALBUQUERQUE, NM

Total Revenue
$261,013
Total Expenses
$247,220
Total Assets
$38,593
Net Assets
$30,611
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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
NM
Principal Officer
PATRICIA DICKINSON WELLS
Phone
5054406330
Tax Period
2025-01-01 to 2025-12-31

FESTIVAL BALLET ALBUQUERQUE, founded in 2009, is a small nonprofit in the Arts, Culture & Humanities sector that reported $261K in total revenue in fiscal year 2025. Revenue surged 46% from the prior year, signaling strong growth momentum. Expenses of $247K left a modest 5% surplus.

Mission

THE CORPORATION IS FORMED FOR EDUCATIONAL AND CHARITABLE PURPOSES, WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, TO FURTHER THE APPRECIATION AND ADVANCEMENT IN THE COMMUNITY OF THE ART OF DANCE, TO PROVIDE PERFORMANCE AND EDUCATIONAL OPPORTUNITIES TO STUDENTS OF DANCE, AND TO PROVIDE OPPORTUNITIES FOR THIS COMMUNITY TO BE ENRICHED THROUGH THE PUBLIC PERFORMANCE OF DANCE, AND TO DO ANY OTHER ACT OR THING INCIDENTAL TO OR CONNECTED WITH THE FOREGOING PURPOSES OR IN ADVANCEMENT THEREOF, BUT NOT FOR THE PECUNIARY PROFIT OF FINANCIAL GAIN, EXCEPT AS PERMITTED UNDER THE NEW MEXICO NONPROFIT CORPORATION ACT.

Program Service Accomplishments

Program 1
Expenses: $210,642 Revenue: $139,789

FROM JANUARY THROUGH EARLY MAY, FBA DANCERS, CHOREOGRAPHERS AND DIRECTOR WERE WORKING ON THE SPRING PRODUCTION OF AN ORIGINAL PRODUCTION OF ROMEO & JULIET PRESENTED IN MAY AT THE NATIONAL HISPANIC...

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FROM JANUARY THROUGH EARLY MAY, FBA DANCERS, CHOREOGRAPHERS AND DIRECTOR WERE WORKING ON THE SPRING PRODUCTION OF AN ORIGINAL PRODUCTION OF ROMEO & JULIET PRESENTED IN MAY AT THE NATIONAL HISPANIC CULTURAL CENTER, WHICH WAS A FIRST-TIME PRODUCTION FOR FBA. FBA PRESENTED A FREE SPECIAL SHOW ON THE FINAL DRESS REHEARSAL PRESENTED TO CLIENTS OF HEALTH AND HUMAN RESOURCE ORGANIZATIONS WHOSE CLIENTS INCLUDE THE HOMELESS, DOMESTICALLY ABUSED WOMEN AND CHILDREN, EDUCATIONAL INITIATIVES INCLUDING STUDENT OF TITLE 1 SCHOOLS, FAMILIES OF INCARCERATED INDIVIDUALS, AND RESIDENTS OF RECOVERY HOMES AND HALF-WAY HOUSES. IT IS GIFTED TO THE COMMUNITY TO PROVIDE THE OPPORTUNITY FOR OVER 600 UNDERSERVED INDIVIDUALS TO HAVE THE OPPORTUNITY TO SEE PERFORMANCES OF THIS CALIBER THAT THEY OTHERWISE WOULD NOT HAVE ACCESS TO. -FOR ONE WEEK IN MARCH, FBA DANCERS TRAVELED TO FT. SMITH, ARKANSAS TO PRESENT TWO PIECES OF CHOREOGRAPHY CHOSEN FOR THE REGIONAL DANCE AMERICA (RDA/SW). RDA IS A PRESTIGIOUS NATIONAL DANCE ORGANIZATION OF WHICH FBA IS A SOUTHWEST REGIONAL MEMBER AND IS THE ONLY ADJUDICATED AND ACCEPTED MEMBER FROM NEW MEXICO. TWO WORKS OF CHOREOGRAPHY WERE PRESENTED, INCLUDING ONE FBA DANCER BEING CHOSEN FROM HUNDREDS THROUGHOUT THE SOUTHWEST TO PERFORM AS AN OUTSTANDING SOLOIST, AND WHO IS A NATIVE NEW MEXICAN TRAINED AT FBA SINCE HE WAS 4 YEARS OLD. _ADDITIONALLY, THROUGH OUT THE SPRING MONTHS, FBA PERFORMED FREE ON-SITE MOBILE HISTORY OF DANCE AND DISCOVERY WORKSHOPS THROUGHOUT THE ALBUQUERQUE PUBLIC SCHOOLS AS PART OF ITS VAST OUTREACH PROGRAM FOR LOCAL UNDERSERVED COMMUNITIES. FBA PERFORMED FOR TEN PRIMARILY TITLE 1 ELEMENTARY SCHOOLS THROUGH A GENEROUS GRANT FROM THE CITY OF ALBUQUERQUE URBAN ENHANCEMENT TRUST FUND. -IN AUGUST, FBA HELD CITY-WIDE AUDITIONS FOR THE UPCOMING 2025-2026 SEASON, GAINING MANY NEW DANCERS IN BOTH THE PROFESSIONAL LEVEL AND THE PRE- PROFESSIONAL LEVELS. -IN NOVEMBER, FBA SERVED AS GUESTS OF THE NEW MEXICO HISPANIC HERITAGE COMMITTEE TO PERFORM AT THE PRESENTATION EVENT OF THE HISPANIC HERITAGE COMMITTEES FOR THEIR CORAZON DE CULTURA AWARDS. IN ATTENDANCE WAS THE MAYOR OF ALBUQUERQUE, THE LT. GOVERNOR, THE AMBASSADORS TO MEXICO AND SPAIN, SEVERAL CITY OF ALBUQUERQUE CITY COUNCILORS, SEVERAL BERNALILLO COUNTY COMMISSIONERS, AND MANY OTHER DIGNITARIES. -IN DECEMBER, FBA PRODUCED NUTCRACKER IN THE LAND OF ENCHANTMENT. FBA PROVIDED 5 PUBLIC SHOWS, NEARLY ALL SOLD OUT, AS THIS REGIONAL NUTCRACKER BALLET HAS BECOME A FAVORITE ANNUAL HOLIDAY TRADITION WHERE ENTIRE FAMILIES ATTEND. A FREE SPECIAL SHOW ON THE LAST DRESS REHEARSAL WAS PRESENTED TO CLIENTS OF HEALTH AND HUMAN RESOURCE ORGANIZATIONS WHOSE CLIENTS INCLUDE THE HOMELESS, DOMESTICALLY ABUSED WOMEN AND CHILDREN, EDUCATIONAL INITIATIVES INCLUDING STUDENT OF TITLE 1 SCHOOLS, FAMILIES OF INCARCERATED INDIVIDUALS, AND RESIDENTS OF RECOVERY HOMES AND HALF-WAY HOUSES. IT IS GIFTED TO THE COMMUNITY TO PROVIDE THE OPPORTUNITY FOR OVER 600 UNDERSERVED INDIVIDUALS TO HAVE THE OPPORTUNITY TO SEE PERFORMANCES OF THIS CALIBER THAT THEY OTHERWISE WOULD NOT HAVE ACCESS TO. ADDITIONALLY, FBA PROVIDED TWO SCHOOL-TIME SHOW THERE IN THE NHCC THEATER FOR ELEMENTARY AND MIDDLE SCHOOL STUDENTS FOR A GREATLY REDUCED PRICE, AND IN SOME CASES FOR TITLE 1 SCHOOLS, STUDENTS ATTENDED FOR FREE.

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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 (2025)

Revenue Breakdown

Contributions & Grants $94,919
Program Service Revenue $159,427
Investment Income $0
Other Revenue $6,667
TOTAL REVENUE $261,013

Expense Breakdown

Grants Paid $0
Salaries & Benefits $11,064
Fundraising Expenses $0
Program Expenses $210,642
Other Expenses $236,156
TOTAL EXPENSES $247,220

Year-over-Year Comparison

2025 2024 Change
Revenue $261,013 $178,872 +0.5%
Expenses $247,220 $237,057 +0.0%
Net Income $13,793 $-58,185 -1.2%
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
6
Independent Members
6
Employees
5
Volunteers
105

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
4
$1,100
Total Directors
6
$800
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PATRICIA DICKINSON WELLS EXECUTIVE DI 11.06
Officer
$1,100 $0 $1,100
LOUIS GIANNINI DIRECTOR 0.20
Director
$800 $0 $800
EDWARD K MEREWETHER PRESIDENT 0.20
Officer Director
$0 $0 $0
LINDA SEDILLO GONZALES TREASURER 1.50
Officer Director
$0 $0 $0
VALERIE GARCIA SECRETARY 0.20
Officer Director
$0 $0 $0
CYNTHIA HALL DIRECTOR 0.20
Director
$0 $0 $0
CORALEE QUINTANA DIRECTOR 0.20
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 $261,013 $247,220 $38,593 $13,793
2024 $178,872 $237,057 $16,846 $-58,185
2023 $346,440 $315,894 $75,030 $30,546
2022 $261,402 $247,672 $44,480 $13,730
2021 $124,006 $183,983 $30,736 $-59,977
2020 $192,700 $146,034 $90,709 $46,666
2019 $399,268 $382,067 $44,132 $17,201
2018 $219,419 $199,108 $42,811 $20,311
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