The Toledo Ballet Association Inc

EIN: 346542001 501(c)(3)

Toledo, OH

Total Revenue
$481,757
Total Expenses
$398,260
Total Assets
N/A
Net Assets
N/A
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Financial Trends

Organization Details

Formation Year
1960
Legal Domicile
OH
Principal Officer
Kim Howard Treasurer
Phone
4194710049
Tax Period
2018-07-01 to 2019-06-30

The Toledo Ballet Association Inc, founded in 1960, is a small nonprofit that reported $482K in total revenue in fiscal year 2018. Revenue fell 33% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $83K, a strong 17% operating margin.

Mission

The Toledo Ballet Association is a non-profit organization whose primary purpose is to increase interest and support for the arts through dance. This is accomplished through community education, studio instruction and major performances.

Program Service Accomplishments

Program 1
Expenses: $144,837 Revenue: $129,565

BALLET SCHOOL - The ballet school offers a curriculum whose cornerstone is classical ballet, with a contemporary and adult division as well as classes for those with special needs. The school also...

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BALLET SCHOOL - The ballet school offers a curriculum whose cornerstone is classical ballet, with a contemporary and adult division as well as classes for those with special needs. The school also presents summer classes conducted by internationally known instructors from all over the country, and offers summer camp programs for aspiring ballerinas. The school served 286 students from all levels during the six month period ended December 31, 2018. Every Toledo Ballet instructor is dedicated to helping each student reach his or her highest potential through individualized instruction. The Toledo Ballet believes that learning dance is much more than mastering positions and memorizing steps. It is about helping the students gain confidence and self-esteem while learning discipline and perseverence.

Program 2
Expenses: $200,015 Revenue: $257,435

PUBLIC PERFORMANCES - The Toledo Ballet produces two full-scale productions per year. Its Nutcracker performance is the longest consecutively running annual production in the nation. Every spring...

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PUBLIC PERFORMANCES - The Toledo Ballet produces two full-scale productions per year. Its Nutcracker performance is the longest consecutively running annual production in the nation. Every spring, the Toledo Ballet also presents an original contemporary production featuring the Toledo Ballet company. The spring production changes annually, but always provides unsurpassed performance quality.

Program 3
Expenses: $6,872

EDUCATIONAL OUTREACH PROGRAM - The Toledo Ballet serves as a dance-education resource for the entire community. The Toledo Ballet has implemented Art in Education in northwest Ohio schools along with...

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EDUCATIONAL OUTREACH PROGRAM - The Toledo Ballet serves as a dance-education resource for the entire community. The Toledo Ballet has implemented Art in Education in northwest Ohio schools along with other outreach activities. During the six month period ended December 31, 2018, more than 2,300 disadvantaged students from Toledos inner city participated in Toledo Ballets outreach programs. The Toledo Ballet has also collaborated with other not-for-profit agencies to provide individuals with an outlet to express themselves and feel the sheer joy of dance.

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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 (2018)

Revenue Breakdown

Contributions & Grants $56,492
Program Service Revenue $387,000
Investment Income $0
Other Revenue $38,265
TOTAL REVENUE $481,757

Expense Breakdown

Grants Paid $0
Salaries & Benefits $165,981
Fundraising Expenses $15,708
Program Expenses $351,724
Other Expenses $232,279
TOTAL EXPENSES $398,260

Year-over-Year Comparison

2018 2017 Change
Revenue $481,757 $714,495 -0.3%
Expenses $398,260 $638,493 -0.4%
Net Income $83,497 $76,002 +0.1%
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
17
Independent Members
17
Employees
22
Volunteers
N/A

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
$0
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Stephanie Dames Alexander President 004.00
Officer Director
$0 $0 $0
William Southern Vice President 004.00
Officer Director
$0 $0 $0
Kim Howard Treasurer 004.00
Officer Director
$0 $0 $0
John Gonia Secretary 004.00
Officer Director
$0 $0 $0
Lisa Mayer Trustee 000.50
Director
$0 $0 $0
David Mack Trustee 000.50
Director
$0 $0 $0
DeAnn Gorun-Baker Trustee 000.50
Director
$0 $0 $0
Rob Koenig Trustee 000.50
Director
$0 $0 $0
Judy Gorun Trustee 000.50
Director
$0 $0 $0
Marie Vogt Trustee 001.50
Director
$0 $0 $0
Gwen Clark Trustee 000.50
Director
$0 $0 $0
Jeanne DeWitt Trustee 000.50
Director
$0 $0 $0
Craig Raymond PhD Trustee 000.50
Director
$0 $0 $0
Michael Ellison PhD Trustee 000.50
Director
$0 $0 $0
Carolyn Savage Trustee 000.50
Director
$0 $0 $0
Julie Waidelich-Roberts Trustee 000.50
Director
$0 $0 $0
Christina Ramsey Trustee 000.50
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
2019 $481,757 $398,260 No data $83,497
2018 $714,495 $638,493 $365,685 $76,002
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