FORT WAYNE BALLET INC

EIN: 356006394 501(c)(3) Arts, Culture & Humanities

FORT WAYNE, IN

Total Revenue
$1,677,125
Total Expenses
$1,693,697
Total Assets
$2,683,438
Net Assets
$2,330,156
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Financial Trends

Organization Details

Formation Year
1955
Legal Domicile
IN
Principal Officer
JIM SPARROW
Phone
2604849646
Tax Period
2024-08-01 to 2025-07-31

FORT WAYNE BALLET INC, founded in 1955, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.7M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

TO FEED THE SPIRIT AND SPARK THE IMAGINATION THROUGH THE HIGHEST CALIBER PROFESSIONAL AND ACADEMY PERFORMANCES, DANCE TRAINING, AND COMMUNITY ENGAGEMENT.

Program Service Accomplishments

Program 1
Expenses: $315,377 Revenue: $275,239

FORT WAYNE BALLET IS THE LONGEST CONTINUALLY RUNNING PROFESSIONAL DANCE ORGANIZATION IN THE STATE OF INDIANA. WE SERVE THE REGION THROUGH PROFESSIONAL PERFORMANCES, DANCE TRAINING AND COMMUNITY...

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FORT WAYNE BALLET IS THE LONGEST CONTINUALLY RUNNING PROFESSIONAL DANCE ORGANIZATION IN THE STATE OF INDIANA. WE SERVE THE REGION THROUGH PROFESSIONAL PERFORMANCES, DANCE TRAINING AND COMMUNITY ENGAGEMENT. OUR PROFESSIONAL COMPANY IS COMPOSED OF 34 PROFESSIONAL CONTRACTED DANCERS FROM ALL OVER THE U.S AND WORLD OVER A 36 WEEK PERFORMING SEASON. OUR TRAINING ACADEMY PROVIDES DANCE EDUCATION TO STUDENTS OF ALL AGES, ENCOMPASSING ENTRY LEVEL MOVEMENT THROUGH ADULT CLASSES. IT IS ONE OF THE PREMIERE PROFESSIONAL TRAINING PROGRAMS IN INDIANA. IN THE FALL OF 2020, THE ACADEMY BECAME CERTIFIED IN THE AMERICAN BALLET THEATRE (ABT) CURRICULUM AND IS ONE OF EIGHT FULLY-CERTIFIED ACADEMIES IN THE WORLD TO BE ALIGNED WITH ABT. OUR PROFESSIONAL TRAINEE PROGRAM ATTRACTS STUDENTS FROM ACROSS THE MIDWEST AND THE SUMMER INTENSIVE PROGRAM ATTRACTS STUDENTS AGED 13-20 FROM ACROSS THE COUNTRY.

Program 2
Expenses: $949,305 Revenue: $353,843

FORT WAYNE BALLET'S PROFESSIONAL COMPANY CONSISTS OF TWENTY FOUR DANCERS REPRESENTING THE UNITED STATES, JAPAN, MEXICO AND UZBEKISTAN AND IS SUPPLEMENTED BY SIX TRAINEE DANCERS. THE SEASON INCLUDES...

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FORT WAYNE BALLET'S PROFESSIONAL COMPANY CONSISTS OF TWENTY FOUR DANCERS REPRESENTING THE UNITED STATES, JAPAN, MEXICO AND UZBEKISTAN AND IS SUPPLEMENTED BY SIX TRAINEE DANCERS. THE SEASON INCLUDES THREE MAIN STAGE PERFORMANCES FROM CLASSIC MASTERWORKS TO CONTEMPORARY PREMIERS, THREE CONTEMPORARY REPERTOIRE PERFORMANCES, AND AN INTIMATE IN STUDIO SERIES WHERE PATRONS ARE IMMERSED INTO THE PROGRAMMING. THE ORGANIZATION IS COMMITTED TO BEING ACTIVELY INVOLVED IN COLLABORATIVE PROGRAMMING WITH OTHER ARTS ORGANIZATIONS. COMMUNITY ENGAGEMENT AND SERVICE IS A SIGNIFICANT PART OF THE BALLET'S MISSION AND INCLUDES SENSORY FRIENDLY PRODUCTIONS OF ITS MAIN STAGE PERFORMANCES, TRAINING RESIDENCIES IN THE REGION'S SCHOOL SYSTEMS, PERFORMANCES IN COMMUNITY FESTIVALS AND PERFORMANCES OUTSIDE THE REGION. THE BALLET HAS PERFORMED ITS NUTCRACKER OUTSIDE OF THE REGION AND HAS REPRESENTED THE FORT WAYNE COMMUNITY INTERNATIONALLY.

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $473,286
Program Service Revenue $636,407
Investment Income $518,806
Other Revenue $48,626
TOTAL REVENUE $1,677,125

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,010,554
Fundraising Expenses $12,277
Program Expenses $1,264,682
Other Expenses $683,143
TOTAL EXPENSES $1,693,697

Year-over-Year Comparison

2024 2023 Change
Revenue $1,677,125 $1,502,438 +0.1%
Expenses $1,693,697 $1,632,798 +0.0%
Net Income $-16,572 $-130,360 -0.9%
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
18
Independent Members
18
Employees
43
Volunteers
220

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
5
$181,863
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KAREN GIBBONS-BROWN ARTISTIC DIR 40.00
Officer
$85,233 $7,796 $93,029
JIM SPARROW EXECUTIVE DI 40.00
Officer
$80,992 $7,842 $88,834
DR JUDY ZACHER PRESIDENT 1.00
Officer Director
$0 $0 $0
SUSAN WOJEWUCZKI VICE PRESIDE 1.00
Officer Director
$0 $0 $0
KRISTINE LOGAN GIESCHEN SECRETARY 1.00
Officer Director
$0 $0 $0
TRACI BOHDAN TRUSTEE 1.00
Director
$0 $0 $0
ANN ESCOSA GRIFFIN TRUSTEE 1.00
Director
$0 $0 $0
ANNE KARR TRUSTEE 1.00
Director
$0 $0 $0
AMANDA KINNEMAN TRUSTEE 1.00
Director
$0 $0 $0
CAROL LABOV TRUSTEE 1.00
Director
$0 $0 $0
SHELBY LAMM TRUSTEE 1.00
Director
$0 $0 $0
DAVID LUPKE TRUSTEE 1.00
Director
$0 $0 $0
DAVID MCCOMB TRUSTEE 1.00
Director
$0 $0 $0
MITCHELL MCKINNEY TRUSTEE 1.00
Director
$0 $0 $0
ALISON MIYAUCHI TRUSTEE 1.00
Director
$0 $0 $0
DON MOCKLER TRUSTEE 1.00
Director
$0 $0 $0
VERONIQUE POUDRIER TRUSTEE 1.00
Director
$0 $0 $0
MORRIE SANDERSON TRUSTEE 1.00
Director
$0 $0 $0
KIMBERLY WARD TRUSTEE 1.00
Director
$0 $0 $0
BRUCE WRIGHT TRUSTEE 1.00
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 $1,677,125 $1,693,697 $2,683,438 $-16,572
2024 $1,502,438 $1,632,798 $2,844,885 $-130,360
2023 $1,725,262 $1,432,477 $2,814,513 $292,785
2022 $1,784,779 $1,340,626 $2,459,907 $444,153
2021 $1,464,494 $1,275,238 $2,130,921 $189,256
2020 $1,192,685 $1,318,820 $1,875,945 $-126,135
2019 $1,328,286 $1,363,152 $1,866,041 $-34,866
2018 $1,146,336 $1,076,586 $1,864,496 $69,750
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