CHARLOTTE BALLET

EIN: 581314711 501(c)(3) Arts, Culture & Humanities

CHARLOTTE, NC

Total Revenue
$18,989,978
Total Expenses
$9,391,274
Total Assets
$35,119,951
Net Assets
$29,838,647
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Financial Trends

Organization Details

Formation Year
1977
Legal Domicile
NC
Principal Officer
DOUG SINGLETON
Phone
7043720101
Tax Period
2024-07-01 to 2025-06-30

CHARLOTTE BALLET, founded in 1977, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $19.0M in total revenue in fiscal year 2024. Revenue surged 95% from the prior year, signaling strong growth momentum. The organization ran a surplus of $9.6M, a strong 51% operating margin.

Mission

CHARLOTTE BALLET'S MISSION: THROUGH DANCE, WE CREATE AUTHENTIC CONNECTIONS, ENGAGING AND INCLUSIVE EDUCATIONAL OPPORTUNITIES, AND TRANSFORMATIVE EXPERIENCES. CHARLOTTE BALLET'S VISION: WE INSPIRE INDIVIDUALS AND COMMUNITIES TO EXPLORE THE BOUNDLESS POTENTIAL OF THE IMAGINATION.

Program Service Accomplishments

Program 1
Expenses: $4,976,098 Revenue: $2,449,210

ARTISTIC PROGRAMMING: CHARLOTTE BALLET PRESENTS 5-6 PERFORMANCE SERIES OF CLASSICAL AND CONTEMPORARY BALLET IN CHARLOTTE ANNUALLY, IN ADDITION TO PERFORMING ON TOUR LOCALLY AND REGIONALLY. THE...

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ARTISTIC PROGRAMMING: CHARLOTTE BALLET PRESENTS 5-6 PERFORMANCE SERIES OF CLASSICAL AND CONTEMPORARY BALLET IN CHARLOTTE ANNUALLY, IN ADDITION TO PERFORMING ON TOUR LOCALLY AND REGIONALLY. THE ORGANIZATION EMPLOYS AN AVERAGE OF 28 DANCERS (20 FIRST COMPANY; 8 SECOND COMPANY) EACH SEASON. THE NATION'S TOP DANCERS ARE ATTRACTED TO CHARLOTTE BALLET'S RENOWNED ARTISTIC LEADERSHIP; THE DIVERSITY OF ITS CHOREOGRAPHERS AND CHALLENGING REPERTOIRE (BOTH CLASSICAL AND CONTEMPORARY); AND A COMPETITIVE CONTRACT THAT INCLUDES A MINIMUM OF 36 WEEKS OF WORK PER YEAR IN PROGRAMMING, EDUCATION AND COMMUNITY ENGAGEMENT, AND DANCE TRAINING, AND DIVERSE REPERTOIRE RANGING FROM FULL-LENGTH CLASSICAL BALLETS TO INNOVATIVE CONTEMPORARY WORKS. CHARLOTTE BALLET'S COLLECTIVE TALENTS PROVIDE THE OPPORTUNITY TO CHALLENGE, STIMULATE, EDUCATE, ENTERTAIN AND ENRICH AUDIENCES.ALEJANDRO CERRUDO WAS HIRED IN MAY 2022 AS JUST THE FIFTH ARTISTIC DIRECTOR IN CHARLOTTE BALLET'S 50+ YEAR HISTORY. UNDER HIS ARTISTIC LEADERSHIP, CHARLOTTE BALLET WILL CONTINUE TO PUSH THE BOUNDARIES OF BALLET AND CONTEMPORARY DANCE, AS HIS ARTISTIC VISION IS TO "BUILD UPON THE COMPANY'S IDENTITY AS ONE OF QUALITY, CREATIVITY, AND RANGE, WHILE EMBRACING A PIONEERING PERSPECTIVE TO ENRICH THE ART FORM." IN THIS NEW ERA UNDER CERRUDO'S LEADERSHIP, CHARLOTTE BALLET IS POISED TO CONTINUE ITS MULTIFACETED COMMUNITY ENGAGEMENT PROGRAMMING FOR ALL AGES, HIGH-CALIBER ACADEMY AND INNOVATIVE PERFORMANCES, AND GROW INTO A CREATIVE CULTURAL LEADER THAT STANDS FOR DIVERSITY, EQUITY AND INCLUSION WITHIN ITS OWN WALLS AND BEYOND.

Program 2
Expenses: $316,150 Revenue: $117,608

EDUCATION & COMMUNITY ENGAGEMENT PROGRAMMING: CHARLOTTE BALLET'SFLAGSHIP COMMUNITY ENGAGEMENT PROGRAM, REACH, OFFERS BALLET AND WORLDDANCE TRAINING BY PROFESSIONAL TEACHING ARTISTS AND DANCE ATTIRE...

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EDUCATION & COMMUNITY ENGAGEMENT PROGRAMMING: CHARLOTTE BALLET'SFLAGSHIP COMMUNITY ENGAGEMENT PROGRAM, REACH, OFFERS BALLET AND WORLDDANCE TRAINING BY PROFESSIONAL TEACHING ARTISTS AND DANCE ATTIRE FOR UPTO 120 STUDENTS ANNUALLY, ALL AT NO COST TO PARTICIPANTS' FAMILIES.CLASSES ARE CONDUCTED OVER 29 SEQUENTIAL WEEKS, IN FIVE COMMUNITYCENTERS ACROSS MECKLENBURG COUNTY. THE PROGRAM, WHICH IS A RESULT OF APARTNERSHIP BETWEEN CHARLOTTE BALLET AND THE MECKLENBURG COUNTY PARK &RECREATION DEPARTMENT, IS THE RECIPIENT OF THE NATIONAL ASSOCIATION OFCOUNTIES AWARD IN RECOGNITION OF "AN EFFECTIVE AND INNOVATIVE PROGRAMWHICH CONTRIBUTES TO AND ENHANCES COUNTY GOVERNMENT IN THE UNITEDSTATES AND THE NORTH CAROLINA RECREATION AND PARKS ASSOCIATION ARTSAND HUMANITIES. NOT ONLY DOES REACH OFFER ACCESS TO HIGH-QUALITY DANCE TRAINING AT NO COST, WITH CLASSES IN DIVERSE NEIGHBORHOODS ACROSS MECKLENBURG COUNTY; IT ALSO OFFERS OPPORTUNITIES FOR PROMISING STUDENTS TO CONTINUE TO TRAIN IN DANCE THROUGH SCHOLARSHIPS TO CHARLOTTE BALLET ACADEMY, AS WELL AS MENTORSHIP OPPORTUNITIES FOR REACH GRADUATES THAT INCLUDE TEACHER ASSISTANT POSITIONS AND INTERNSHIPS. REACH SCHOLARSHIPSCOMPLEMENT NUMEROUS SCHOLARSHIPS OFFERED BY CHARLOTTE BALLET ACADEMY TOTRAIN AT VARIOUS LEVELS. CHARLOTTE BALLET IS COMMITTED TO OFFERINGTALENTED, COMMITTED DANCERS ACCESS TO HIGH-QUALITY TRAINING, REGARDLESSOF SOCIO-ECONOMIC BACKGROUND, GEOGRAPHIC OR OTHER RESOURCE LIMITATIONS.IN ADDITION TO REACH, CHARLOTTE BALLET'S ANNUAL EDUCATION AND COMMUNITYENGAGEMENT PROGRAMMING INCLUDES COMMUNITY PERFORMANCES,BEHIND-THE-SCENES TOURS, AFTER-SCHOOL DANCE PROGRAMS, SUMMER ENRICHMENTPROGRAMS, SENIOR DRESS REHEARSALS, CURRICULUM-BASED ARTS EDUCATIONTHROUGH IN-CLASSROOM PROGRAMMING, DANCE-A-STORY WORKSHOPS,LECTURE-DEMONSTRATIONS AND EDUCATIONAL THEATER PERFORMANCES - ALL INPARTNERSHIP WITH AREA SCHOOLS AND COMMUNITY ORGANIZATIONS. APARTNERSHIP WITH INREACH (A NON-PROFIT ORGANIZATION THAT SUPPORTSADULTS WITH INTELLECTUAL, DEVELOPMENTAL AND OTHER DISABILITIES) OFFERSMEMBERS AND THEIR CAREGIVERS WEEKLY DANCE CLASSES BY CHARLOTTE BALLETTEACHING ARTISTS AND A PUBLIC PERFORMANCE AT THE CENTER FOR DANCE.DURING THE MIDDLE & HIGH SCHOOL DANCE FESTIVAL, CHARLOTTE BALLET OFFERSA TWO-DAY FESTIVAL AT THE CENTER FOR DANCE, WITH MASTER CLASSES ANDAUDITIONS FOR SCHOLARSHIPS TO COLLEGE AND SUMMER DANCE PROGRAMS. A"SENSORY FRIENDLY PERFORMANCE," GIVES INDIVIDUALS AFFECTED BY AUTISMSPECTRUM DISORDERS AND OTHER SENSORY, SOCIAL, AND COGNITIVEDISABILITIES THE OPPORTUNITY TO ENJOY A CHARLOTTE BALLET PERFORMANCEWITH A MODIFIED LEVEL OF SENSORY STIMULUS IN THE THEATER. IN TOTAL,CHARLOTTE BALLET'S ANNUAL EDUCATION AND COMMUNITY ENGAGEMENTPROGRAMMING SERVES OVER 30,000 - APPROXIMATELY 85% OF WHOM ARECHILDREN/YOUTH.

Program 3
Expenses: $1,530,939 Revenue: $1,747,802

DANCE TRAINING: THE OLDEST DANCE SCHOOL IN NORTH CAROLINA AFFILIATED WITH A PROFESSIONAL DANCE COMPANY, CHARLOTTE BALLET ACADEMY ANNUALLY ENROLLS OVER 900 STUDENTS AGES THREE TO ADULT FROM ACROSS THE...

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DANCE TRAINING: THE OLDEST DANCE SCHOOL IN NORTH CAROLINA AFFILIATED WITH A PROFESSIONAL DANCE COMPANY, CHARLOTTE BALLET ACADEMY ANNUALLY ENROLLS OVER 900 STUDENTS AGES THREE TO ADULT FROM ACROSS THE COUNTRY AND AROUND THE WORLD. ALUMNI OF THE HIGHEST LEVEL OF TRAINING, THE PRE-PROFESSIONAL DIVISION, HAVE GONE ON TO DANCE AT AMERICAN SCHOOL OF BALLET, SAN FRANCISCO BALLET AND MORE; AND THE ACADEMY'S REPERTORY ENSEMBLE, A PERFORMANCE GROUP MADE OF TOP-LEVEL STUDENTS, IS DESIGNATED AS AN HONOR COMPANY WITH THE SOUTHEASTERN REGIONAL BALLET ASSOCIATION.

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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 $14,166,655
Program Service Revenue $4,314,620
Investment Income $316,891
Other Revenue $191,812
TOTAL REVENUE $18,989,978

Expense Breakdown

Grants Paid $213,217
Salaries & Benefits $4,781,359
Fundraising Expenses $1,020,781
Program Expenses $6,823,187
Other Expenses $4,276,698
TOTAL EXPENSES $9,391,274

Year-over-Year Comparison

2024 2023 Change
Revenue $18,989,978 $9,725,965 +1.0%
Expenses $9,391,274 $9,099,037 +0.0%
Net Income $9,598,704 $626,928 +14.3%
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
38
Independent Members
38
Employees
157
Volunteers
148

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
15
$592,253
Total Directors
38
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MEGHAN CLITHERO TRUSTEE, BOARD CHAIR, EXECUTIVE COMMITTEE CHAIR 5.00
Officer Director
$0 $0 $0
CHRIS ULLRICH TRUSTEE, TREASURER, FINANCE COMMITTEE CHAIR 5.00
Officer Director
$0 $0 $0
KEITH OBERKFELL TRUSTEE 1.00
Director
$0 $0 $0
KELLY SHERMAN TRUSTEE, PLANNING & MISSION IMPACT COMM CHAIR 1.00
Officer Director
$0 $0 $0
JENNIFER GEORGE TRUSTEE, AUDIT COMMITTEE CHAIR 5.00
Officer Director
$0 $0 $0
ALEX FUNDERBURG TRUSTEE, CHAIR ELECT, CAMPUS ADV COMM CO-CHAIR 5.00
Officer Director
$0 $0 $0
KATIE MORGAN TRUSTEE, CAMPUS ADV COMM CO-CHAIR 5.00
Officer Director
$0 $0 $0
ALFRED KENDRICK TRUSTEE 1.00
Director
$0 $0 $0
ANNA COON TRUSTEE, INSTITUTIONAL ADVANCEMENT COMMITTEE CO-CH 1.00
Officer Director
$0 $0 $0
ASH COLEMAN TRUSTEE 1.00
Director
$0 $0 $0
ASHLEY LARKIN TRUSTEE 1.00
Director
$0 $0 $0
DAVID SECREST TRUSTEE 1.00
Director
$0 $0 $0
GIA WRIGHT TRUSTEE 1.00
Director
$0 $0 $0
GRETCHEN ALTEROWITZ TRUSTEE 1.00
Director
$0 $0 $0
JASON CAGLE TRUSTEE 1.00
Director
$0 $0 $0
JOHN FITZHUGH TRUSTEE 1.00
Director
$0 $0 $0
KATHY GIANNUZZI TRUSTEE 1.00
Director
$0 $0 $0
KATHY PARKS TRUSTEE 1.00
Director
$0 $0 $0
KOBI BRINSON TRUSTEE 1.00
Director
$0 $0 $0
LARA SIMMONS NICHOLS TRUSTEE, BOARD DEVELOPMENT COMMITTEE CHAIR 1.00
Officer Director
$0 $0 $0
LEJLA MILLER TRUSTEE 1.00
Director
$0 $0 $0
MARGARET SWITZER TRUSTEE 1.00
Director
$0 $0 $0
MARISSA MICHAELS TRUSTEE 1.00
Director
$0 $0 $0
OLIVER BADGIO TRUSTEE 1.00
Director
$0 $0 $0
RICHARD CUEBAS TRUSTEE 1.00
Director
$0 $0 $0
SHANNON SMITH TRUSTEE 1.00
Director
$0 $0 $0
TRACEY WOPPERER TRUSTEE 1.00
Director
$0 $0 $0
WATTS HAMRICK TRUSTEE, CAMPAIGN ADVISORY COMMITTEE CHAIR 1.00
Officer Director
$0 $0 $0
LAUREN BENSON TRUSTEE 1.00
Director
$0 $0 $0
NINA AUSTIN TRUSTEE 1.00
Director
$0 $0 $0
KAREN BREACH-WASHINGTON TRUSTEE, SECRETARY, GOVERNANCE COMMITTEE CHAIR 5.00
Officer Director
$0 $0 $0
KATHRYN WATTS BURLINGAME TRUSTEE 1.00
Director
$0 $0 $0
ANDREW BLUMENTHAL TRUSTEE 1.00
Director
$0 $0 $0
CLAIRE RAUSCHER TRUSTEE 1.00
Director
$0 $0 $0
DIANNE NEURAUTER TRUSTEE 1.00
Director
$0 $0 $0
KATRICE BOLAND TRUSTEE 1.00
Director
$0 $0 $0
KIA SWAN-MOORE TRUSTEE 1.00
Director
$0 $0 $0
KISHA SMITH TRUSTEE 1.00
Director
$0 $0 $0
DOUG SINGLETON EXECUTIVE DIRECTOR 40.00
Officer
$225,371 $20,281 $245,652
ANDREA TREMBATH DIRECTOR OF FINANCE & ADMINISTRATION 40.00
Officer
$0 $0 $0
SHANNON O'KEEFFE DIRECTOR OF FINANCE - OUTGOING 40.00
Officer
$93,825 $3,165 $96,990
TIFFANY MURRAY DIRECTOR OF FINANCE - OUTGOING 40.00
Officer
$22,464 $2,258 $24,722
ALEJANDRO CERRUDO ARTISTIC DIRECTOR 40.00
Officer
$216,367 $8,522 $224,889
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 $18,989,978 $9,391,274 $35,119,951 $9,598,704
2024 $9,725,965 $9,099,037 $24,746,439 $626,928
2023 $11,634,180 $11,919,638 $23,590,028 $-285,458
2022 $8,853,680 $7,979,896 $19,775,000 $873,784
2021 $4,763,253 $4,328,833 $20,235,608 $434,420
2020 $7,089,238 $7,262,299 $18,225,086 $-173,061
2019 $7,278,947 $7,654,217 $18,852,599 $-375,270
2018 $7,016,240 $7,798,939 $18,902,034 $-782,699
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