BALLETCOLLECTIVE INC

EIN: 453021279 501(c)(3) Arts, Culture & Humanities

NEW YORK, NY

Total Revenue
$886,047
Total Expenses
$859,150
Total Assets
$1,562,756
Net Assets
$1,562,506
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
NY
Principal Officer
TROY SCHUMACHER
Phone
6463371254
Tax Period
2023-01-01 to 2023-12-31

BALLETCOLLECTIVE INC, founded in 2011, is a small nonprofit in the Arts, Culture & Humanities sector that reported $886K in total revenue in fiscal year 2023. Revenue surged 106% from the prior year, signaling strong growth momentum. Expenses of $859K left a modest 3% surplus.

Mission

BALLETCOLLECTIVE BRINGS TOGETHER ARTISTS, POETS, COMPOSERS, CHOREOGRAPHERS, AND DESIGNERS TO COLLABORATE AS EQUALS, EXCHANGING IDEAS TO ABSORB EACH OTHERS' INFLUENCE THROUGHOUT THE CREATION OF DISTINCTIVE WORKS OF ART.

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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 (2023)

Revenue Breakdown

Contributions & Grants $668,566
Program Service Revenue $185,722
Investment Income $26,483
Other Revenue $5,276
TOTAL REVENUE $886,047

Expense Breakdown

Grants Paid $33,402
Salaries & Benefits $69,400
Fundraising Expenses $7,662
Program Expenses $798,854
Other Expenses $756,348
TOTAL EXPENSES $859,150

Year-over-Year Comparison

2023 2022 Change
Revenue $886,047 $430,180 +1.1%
Expenses $859,150 $433,758 +1.0%
Net Income $26,897 $-3,578 -8.5%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
10
Independent Members
8
Employees
N/A
Volunteers
11

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
$69,400
Total Directors
10
$69,400
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KARIN KINGSLEY CHAIR 0.50
Officer Director
$0 $0 $0
STEPHEN REIDY PRESIDENT 0.50
Officer Director
$0 $0 $0
TROY SCHUMACHER ARTISTIC DIRECTOR 30.00
Officer Director
$69,400 $0 $69,400
ASHLEY LARACEY DIRECTOR 0.50
Director
$0 $0 $0
ERIC LEE DIRECTOR 0.50
Director
$0 $0 $0
CARA LONERGAN DIRECTOR 0.50
Director
$0 $0 $0
ELISSA KRAMER DIRECTOR 0.50
Director
$0 $0 $0
CLAIRE MANN DIRECTOR 0.50
Director
$0 $0 $0
SARA JANE MERCER DIRECTOR 0.50
Director
$0 $0 $0
CAROLE POSTAL DIRECTOR 0.50
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
2024 No data No data No data No data
2023 $886,047 $859,150 $1,562,756 $26,897
2022 $430,180 $433,758 $1,580,535 $-3,578
2021 $795,129 $313,318 $1,533,854 $481,811
2020 $1,265,129 $594,351 $1,086,096 $670,778
2019 $355,872 $370,873 $371,782 $-15,001
2018 $248,690 $148,051 $388,747 $100,639
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