CHARLESTON BALLET INC

EIN: 550397803 501(c)(3) Arts, Culture & Humanities

CHARLESTON, WV

Total Revenue
$418,554
Total Expenses
$448,725
Total Assets
$492,237
Net Assets
$492,237
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1956
Legal Domicile
WV
Principal Officer
KIM R PAULEY
Phone
3043426541
Tax Period
2024-06-01 to 2025-05-31

CHARLESTON BALLET INC, founded in 1956, is a small nonprofit in the Arts, Culture & Humanities sector that reported $419K in total revenue in fiscal year 2024.

Mission

TO PERPETUATE THE ART OF BALLET

Program Service Accomplishments

Program 1
Expenses: $366,319 Revenue: $151,274

PRESENTED BALLET PERFORMANCES WITH PROFESSIONAL LOCAL DANCERS AND MUSICIANS AS CONTRIBUTIONS TO CITY AND STATE CULTURAL EVENTS AND ARTISTIC EDUCATION TO AUDIENCES. THE CHARLESTON BALLET AND THE WV...

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PRESENTED BALLET PERFORMANCES WITH PROFESSIONAL LOCAL DANCERS AND MUSICIANS AS CONTRIBUTIONS TO CITY AND STATE CULTURAL EVENTS AND ARTISTIC EDUCATION TO AUDIENCES. THE CHARLESTON BALLET AND THE WV SYMPHONY ORCHESTRA JOIN TOGETHER ANNUALLY TO PRODUCE A COLLABORATIVE PERFORMANCE SERIES OF THE NUTCRACKER BALLET.

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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 (2024)

Revenue Breakdown

Contributions & Grants $264,136
Program Service Revenue $124,110
Investment Income $7,331
Other Revenue $22,977
TOTAL REVENUE $418,554

Expense Breakdown

Grants Paid $0
Salaries & Benefits $157,687
Fundraising Expenses $40,583
Program Expenses $366,319
Other Expenses $273,038
TOTAL EXPENSES $448,725

Year-over-Year Comparison

2024 2023 Change
Revenue $418,554 $416,707 +0.0%
Expenses $448,725 $422,340 +0.1%
Net Income $-30,171 $-5,633 +4.4%
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

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Financial Distress Indicator

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
16
Independent Members
16
Employees
4
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
5
$62,400
Total Directors
17
$62,400
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DICK ALLOWATT DIRECTOR 1.00
Director
$0 $0 $0
KIM PAULEY EXECUTIVE DIRECTOR 20.00
Officer Director
$62,400 $0 $62,400
JACK CAVENDER PRESIDENT 1.00
Officer Director
$0 $0 $0
ALLISON RAE DASCOLI DIRECTOR 1.00
Director
$0 $0 $0
TONI ELLIS DIRECTOR 1.00
Director
$0 $0 $0
KATIE SHARP FEOLA DIRECTOR 1.00
Director
$0 $0 $0
ANNABELLE FULKS DIRECTOR 1.00
Director
$0 $0 $0
DR RA HAMRICK II DIRECTOR 1.00
Director
$0 $0 $0
ANGELA HARDING DIRECTOR 1.00
Director
$0 $0 $0
JULIE HAYMOND SECRETARY 1.00
Officer Director
$0 $0 $0
KRISTA ABDALLA DIRECTOR 1.00
Director
$0 $0 $0
MELODY PENDERGRASS DIRECTOR 1.00
Director
$0 $0 $0
JILL OLIVER THORNTON VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
VIVIAN STRADER TREASURER 1.00
Officer Director
$0 $0 $0
RITA COBB DIRECTOR 1.00
Director
$0 $0 $0
LISA DOBBINS DIRECTOR 1.00
Director
$0 $0 $0
DEBORAH NOVAK DIRECTOR 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 $418,554 $448,725 $492,237 $-30,171
2024 $416,707 $422,340 $517,703 $-5,633
2023 $350,781 $351,604 $476,501 $-823
2022 $359,600 $344,342 $435,227 $15,258
2022 $359,600 $365,529 $402,802 $-5,929
2021 $275,442 $272,318 $419,131 $3,124
2019 $332,786 $310,188 $389,974 $22,598
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