MILWAUKEE BALLET COMPANY INC

EIN: 391134735 501(c)(3) Arts, Culture & Humanities

MILWAUKEE, WI

Total Revenue
$8,257,189
Total Expenses
$8,532,966
Total Assets
$37,261,627
Net Assets
$34,512,653
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Financial Trends

Organization Details

Formation Year
1970
Legal Domicile
WI
Principal Officer
TAI PAULS
Phone
4146437677
Tax Period
2024-08-01 to 2025-07-31

MILWAUKEE BALLET COMPANY INC, founded in 1970, is a community nonprofit in the Arts, Culture & Humanities sector that reported $8.3M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Net assets of $34.5M represent 50 months of operating reserves.

Mission

MILWAUKEE BALLET TRANSFORMS LIVES AND CONNECTS COMMUNITIES THROUGH INSPIRING PERFORMANCE, COMMUNITY ENGAGEMENT, EDUCATION AND TRAINING.

Program Service Accomplishments

Program 1
Expenses: $4,802,613 Revenue: $2,425,343

BALLET PERFORMANCES:MILWAUKEE BALLET COMPANY, FOUNDED IN 1970, HAS BROUGHT WORLD-CLASS PRESENTATION OF THE ART FORM TO ITS AUDIENCES. MILWAUKEE BALLET COMPANY'S LONG-TERM GOALS INCLUDE PRODUCING...

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BALLET PERFORMANCES:MILWAUKEE BALLET COMPANY, FOUNDED IN 1970, HAS BROUGHT WORLD-CLASS PRESENTATION OF THE ART FORM TO ITS AUDIENCES. MILWAUKEE BALLET COMPANY'S LONG-TERM GOALS INCLUDE PRODUCING INSPIRING BALLET PRODUCTIONS FOR THE GREATER MILWAUKEE COMMUNITY AND MAINTAINING A FOCUS ON FAMILY PROGRAMMING IN TANDEM WITH A COMMITMENT TO THE CREATION OF NEW WORKS. DURING THE 2024/25 SEASON, MILWAUKEE BALLET WELCOMED MORE THAN 44,000 PATRONS AT 40 PERFORMANCES.

Program 2
Expenses: $2,086,296 Revenue: $2,162,641

BALLET SCHOOL & ACADEMY:MILWAUKEE BALLET SCHOOL & ACADEMY OFFERS CHILDREN AND ADULTS OF ALL AGES A COMPLETE EDUCATION IN CLASSICAL DANCE. IT WAS ACCREDITED BY THE NATIONAL ASSOCIATION OF SCHOOLS OF...

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BALLET SCHOOL & ACADEMY:MILWAUKEE BALLET SCHOOL & ACADEMY OFFERS CHILDREN AND ADULTS OF ALL AGES A COMPLETE EDUCATION IN CLASSICAL DANCE. IT WAS ACCREDITED BY THE NATIONAL ASSOCIATION OF SCHOOLS OF DANCE IN SEPTEMBER 2008, MAKING IT THE ONLY PROFESSIONAL STUDIO SCHOOL IN THE MIDWEST AND ONE OF THIRTEEN NATIONALLY TO RECEIVE SUCH RECOGNITION. THE ACCREDITATION HAS ALLOWED THE SCHOOL TO GREATLY EXPAND OPPORTUNITIES AND BENEFITS PROVIDED TO ITS STUDENTS. APPROXIMATELY 642 STUDENTS ATTEND MILWAUKEE BALLET SCHOOL & ACADEMY.

Program 3
Expenses: $567,218 Revenue: $21,262

COMMUNITY ENGAGEMENT & EDUCATION:THE MILWAUKEE BALLET II PROGRAM PROVIDES STUDENTS WITH THE TRAINING NEEDED TO BRIDGE THE GAP BETWEEN STUDENT AND PROFESSIONAL THROUGH PERFORMANCE OPPORTUNITIES IN...

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COMMUNITY ENGAGEMENT & EDUCATION:THE MILWAUKEE BALLET II PROGRAM PROVIDES STUDENTS WITH THE TRAINING NEEDED TO BRIDGE THE GAP BETWEEN STUDENT AND PROFESSIONAL THROUGH PERFORMANCE OPPORTUNITIES IN ADDITION TO SERVING AS THE VITAL FORCE DRIVING MILWAUKEE BALLET COMPANY'S COMMUNITY OUTREACH PROGRAMMING. AS THE MAIN ARM OF MILWAUKEE BALLET COMPANY'S COMMUNITY OUTREACH EFFORTS, MILWAUKEE BALLET II DANCERS PERFORMED FOR AND PARTICIPATED IN WORKSHOPS REACHING THOUSANDS OF CHILDREN AND ADULTS.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,609,565
Program Service Revenue $4,548,774
Investment Income $35,712
Other Revenue $63,138
TOTAL REVENUE $8,257,189

Expense Breakdown

Grants Paid $233,564
Salaries & Benefits $4,333,584
Fundraising Expenses $300,119
Program Expenses $7,456,127
Other Expenses $3,965,818
TOTAL EXPENSES $8,532,966

Year-over-Year Comparison

2024 2023 Change
Revenue $8,257,189 $9,109,289 -0.1%
Expenses $8,532,966 $8,036,267 +0.1%
Net Income $-275,777 $1,073,022 -1.3%
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
21
Independent Members
21
Employees
185
Volunteers
197

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
$214,603
Total Directors
21
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHERYL CARRON BOARD CHAIR & PRESIDENT 1.00
Officer Director
$0 $0 $0
CHRISTINE IRGENS TREASURER, CHAIR ELECT 1.00
Officer Director
$0 $0 $0
SARAH THOMAS PAGELS SECRETARY 1.00
Officer Director
$0 $0 $0
JAN PIROZZOLO-MELLOWES DIRECTOR (THRU 07/31) 1.00
Director
$0 $0 $0
LIZ BICKLEY DIRECTOR 1.00
Director
$0 $0 $0
GRETCHEN JAMESON DIRECTOR 1.00
Director
$0 $0 $0
SUZANNE MARTENS MD DIRECTOR 1.00
Director
$0 $0 $0
KELLY NOYES DIRECTOR 1.00
Director
$0 $0 $0
JOHN RUMPF DIRECTOR 1.00
Director
$0 $0 $0
IRISSOL ARCE DIRECTOR 1.00
Director
$0 $0 $0
DONNA BAUMGARTNER DIRECTOR (THRU 07/31) 1.00
Director
$0 $0 $0
JON BIORKMAN DIRECTOR 1.00
Director
$0 $0 $0
JASON EGGERT DIRECTOR 1.00
Director
$0 $0 $0
AMY SCHMIDT JONES DIRECTOR 1.00
Director
$0 $0 $0
SARAH KIMBALL DIRECTOR (THRU 07/31) 1.00
Director
$0 $0 $0
BEVERLEY MORGAN DIRECTOR 1.00
Director
$0 $0 $0
MOLLY MULROY DIRECTOR 1.00
Director
$0 $0 $0
JILL PELISEK DIRECTOR 1.00
Director
$0 $0 $0
WILLIAM RAASCH MD DIRECTOR 1.00
Director
$0 $0 $0
JODI RISTAU DIRECTOR 1.00
Director
$0 $0 $0
YOLLANDE TCHOUAPI DIRECTOR 1.00
Director
$0 $0 $0
TAI PAULS EXECUTIVE DIRECTOR 40.00
Officer
$114,880 $6,281 $121,161
MARY RASK FINANCE DIRECTOR 40.00
Officer
$87,323 $6,119 $93,442
MICHAEL PINK ARTISTIC DIRECTOR 40.00
Highest
$200,746 $22,409 $223,155
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 $8,257,189 $8,532,966 $37,261,627 $-275,777
2024 No data No data No data No data
2023 $15,250,059 $7,396,804 $34,700,984 $7,853,255
2022 $9,458,599 $6,760,746 $26,280,573 $2,697,853
2021 $9,509,750 $4,696,507 $25,923,047 $4,813,243
2020 $6,965,277 $7,230,764 $24,713,474 $-265,487
2019 $14,038,500 $7,114,057 $25,661,891 $6,924,443
2018 $13,238,137 $6,847,584 $13,153,287 $6,390,553
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