The Ballet Chicago Company

EIN: 363557501 501(c)(3)

Chicago, IL

Total Revenue
$1,712,363
Total Expenses
$1,332,878
Total Assets
$1,439,758
Net Assets
$-59,998
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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
IL
Principal Officer
Daniel Duell
Phone
3122518838
Tax Period
2024-09-01 to 2025-08-31

The Ballet Chicago Company, founded in 1987, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $379K, a strong 22% operating margin.

Mission

Ballet Chicago is a professional track school of ballet that creates exceptional dancers. It makes classical ballet training accessible to all. Its founders Daniel Duell and Patricia Blair carry on George Balanchines legacy by providing quality training based on his technique. It brings classical ballet to Chicago through their performances.

Program Service Accomplishments

Program 1
Expenses: $769,319 Revenue: $593,674

Ballet School offering classical ballet lessons for all ages Ballet Chicago is an internationally recognized professional track school of ballet that creates exceptional dancers and people. Founded...

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Ballet School offering classical ballet lessons for all ages Ballet Chicago is an internationally recognized professional track school of ballet that creates exceptional dancers and people. Founded by Daniel Duell, one of the finest ballet artistic directors, Ballet Chicago believes every aspiring artist deserves the opportunity to explore his or her fullest potential, and strives to make classical ballet training accessible to all. Providing one of the highest caliber curriculums in the nation, Ballet Chicago is dedicated to rigorous technical training in a culture that fosters personal growth. By teaching impeccable technique as well as fundamental life skills, their students go on to find success in dance and life. The school technique is based on the ballet technique established by George Balanchine and offers comprehensive training for the serious student. Scholarships are available, including a male scholarship program. The Ballet Chicago Studio Company, the performing element of the school presents masterpiece repertoire in theatres throughout metropolitan chicago.

Program 2
Expenses: $192,330 Revenue: $265,248

Ballet Performances To develop and perform modern ballets in order to educate thepublic. The community outreach educational program services a broad range of diverse groups within metropolitan...

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Ballet Performances To develop and perform modern ballets in order to educate thepublic. The community outreach educational program services a broad range of diverse groups within metropolitan chicago. Audiences range in age from pre-school children to senior citizens and hail from the inner-city neighborhoods of chicago to the outlying suburbs. each year, approximately 10,000 people in metropolitan chicago experience our programs and performance offerings which include in-school residences, lecture demonstrations, full-scale public performances, and specially designed childrens programs.

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $620,051
Program Service Revenue $1,020,962
Investment Income $2,630
Other Revenue $68,720
TOTAL REVENUE $1,712,363

Expense Breakdown

Grants Paid $0
Salaries & Benefits $700,714
Fundraising Expenses $105,544
Program Expenses $961,649
Other Expenses $632,164
TOTAL EXPENSES $1,332,878

Year-over-Year Comparison

2024 2023 Change
Revenue $1,712,363 $1,533,043 +0.1%
Expenses $1,332,878 $1,717,636 -0.2%
Net Income $379,485 $-184,593 -3.1%
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
8
Independent Members
7
Employees
39
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
3
$84,985
Total Directors
8
$84,985
Key Employees
1
$83,658
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Daniel Duell Vice President 040.00
Officer Director
$84,985 $0 $84,985
Patricia Blair Key Employee 040.00
Key Emp
$83,658 $0 $83,658
Diana Kantner President 002.00
Officer Director
$0 $0 $0
Ravi Shah Treasurer 002.00
Officer Director
$0 $0 $0
Patrick Myers Member 001.00
Director
$0 $0 $0
Hugh Jedwill Member 001.00
Director
$0 $0 $0
Josh Hunt Member 001.00
Director
$0 $0 $0
Lee Ann Jarousse Member 001.00
Director
$0 $0 $0
Mahima Keswani Member 001.00
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 $1,712,363 $1,332,878 $1,439,758 $379,485
2024 $1,533,043 $1,717,636 $1,747,955 $-184,593
2023 $1,392,906 $1,659,230 $2,156,876 $-266,324
2022 $1,522,334 $1,729,635 $494,898 $-207,301
2021 $1,702,645 $1,621,327 $732,974 $81,318
2020 $1,448,970 $1,585,668 $637,428 $-136,698
2019 $1,836,530 $1,665,505 $360,025 $171,025
2018 $1,544,701 $1,542,860 $202,876 $1,841
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