NEW BALLET ENSEMBLE INC

EIN: 621866526 501(c)(3) Arts, Culture & Humanities

MEMPHIS, TN

Total Revenue
$1,507,388
Total Expenses
$1,911,135
Total Assets
$2,122,695
Net Assets
$1,995,574
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
TN
Principal Officer
MATTHEW BEST
Phone
9017269225
Tax Period
2024-08-01 to 2025-07-31

NEW BALLET ENSEMBLE INC, founded in 2001, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.5M in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $1.9M exceeded revenue, resulting in a 27% operating deficit.

Mission

THE GOALS OF NEW BALLET ENSEMBLE, INC. ARE TO TRAIN COMMUNITY STUDENTS REGARDLESS OF FAMILY INCOME TO A PROFESSIONAL OR PRE-PROFESSIONAL LEVEL OF DANCE IN ORDER TO PRODUCE DANCERS FROM RACIALLY AND SOCIO-ECONOMICALLY DIVERSE BACKGROUNDS IN THE MEMPHIS AREA; TO PERFORM IN PUBLIC SCHOOLS AND FOR NON-PROFIT ORGANIZATIONS THAT SERVE YOUTH; TO PROVIDE STUDIO SPACE AT MINIMAL COST TO OTHER NON-PROFIT ORGANIZATIONS; AND TO PROVIDE CLASSES OUTSIDE OF THE CORE PROFESSIONAL TRACT TO CHILDREN WHO CAN BENEFIT FROM DANCE INSTRUCTION BUT MAY NOT PURSUE CAREERS IN DANCE. UTILIZING CROSS-CULTURAL CONNECTIONS AND EXCELLENCE IN DANCE TRAINING, NEW BALLET PROPELS COMMUNITY CHANGE AND TRANSFORMS LIVES THROUGH ARTS EDUCATION.

Program Service Accomplishments

Program 1
Expenses: $874,848 Revenue: $329,733

DANCE EDUCATION (BALLET SCHOOL) - NEW BALLET ENSEMBLE & SCHOOL (NBES) TRAINS YOUNG DANCERS IN A QUALITY CLASSICAL BALLET CURRICULUM WITH A SOLID AND VARIED REPERTOIRE, SPEAKING TO DIVERSE...

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DANCE EDUCATION (BALLET SCHOOL) - NEW BALLET ENSEMBLE & SCHOOL (NBES) TRAINS YOUNG DANCERS IN A QUALITY CLASSICAL BALLET CURRICULUM WITH A SOLID AND VARIED REPERTOIRE, SPEAKING TO DIVERSE COMMUNITIES. USING CONSERVATORY TRAINING AS A MODEL, NBES INSTILLS KNOWLEDGE OF WEST AFRICAN DANCE, MODERN DANCE, HIP-HOP, AND FLAMENCO WITH BALLET SO THAT THE STUDENTS HAVE ACCESS TO TRAINING PRESENT IN BFA PROGRAMS. THE CURRENT ENROLLMENT IN THE SCHOOL'S STUDIO PROGRAM IS 171 STUDENTS. APPROXIMATELY 40% OF ENROLLED STUDENTS ATTEND ON SOME FORM OF SCHOLARSHIP. NBE HAS AWARDED OVER $500,000 IN SCHOLARSHIPS OVER THE PAST DECADE, ENSURING EQUAL ACCESS TO A PROFESSIONAL STANDARD OF TRAINING. IN ADDITION TO FORMAL DANCE TRAINING, NBE PROVIDES MENTORING SERVICES, TUTORING, AND COLLEGE PREP SERVICES TO ENROLLED STUDENTS TO AID THEIR SCHOLASTIC PURSUITS. EDUCATION AND COMMUNITY ENGAGEMENT PROGRAMS - THE NBES PATHWAYS PROGRAM SERVES TEN PUBLIC SCHOOLS ACROSS SHELBY.

Program 2
Expenses: $648,036 Revenue: $247,114

SCHOOL PERFORMANCES - THESE ENGAGING PERFORMANCES INCLUDE A VARIETY OF CURRICULUM-BASED STORYTELLING WITH LESSON PLANS ATTACHED TO ADDRESS ARTS, SOCIAL STUDIES, LANGUAGE, AND CREATIVE WRITING...

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SCHOOL PERFORMANCES - THESE ENGAGING PERFORMANCES INCLUDE A VARIETY OF CURRICULUM-BASED STORYTELLING WITH LESSON PLANS ATTACHED TO ADDRESS ARTS, SOCIAL STUDIES, LANGUAGE, AND CREATIVE WRITING OBJECTIVES. THROUGH THESE SCHOOL PERFORMANCES, NBE IMPACTS CHILDREN LIVING IN HISTORICALLY MARGINALIZED COMMUNITIES THROUGH PRE-PERFORMANCE CURRICULA, LIVE PERFORMANCES, AND POST-PERFORMANCE EXPERIENTIAL WORKSHOPS. IN ADDITION, NBE STUDENTS AND ENSEMBLE ARTISTS PERFORM IN PARTNERSHIP WITH COMMUNITY-BASED NON-PROFIT ORGANIZATIONS AND COMMUNITY CENTERS AND LIBRARIES, HELPING TO FOSTER A PASSION FOR THE ARTS IN A MULTICULTURAL ENVIRONMENT.MAINSTAGE PERFORMANCES - NBES ANNUALLY PRESENTS SEVERAL PUBLIC MAINSTAGE PERFORMANCES. THESE PERFORMANCES COLLECTIVELY REACH OVER 4,500 AUDIENCE MEMBERS WITH NEW STORIES TO REPLACE THE OLD AND NEW STYLES TO BRING DANCE TO DIVERSE AUDIENCES, SPACES, AND COMMUNITIES. NY TIMES DANCE CRITIC ALASTAIR MACULAY'S REVIEW OF NBE'S "NUTREMIX" PERFORMANCE STATED, "MOST OF THE PERFORMERS ARE CHILDREN, AND THIS PERFORMANCE SEEMED TO BIND ALL INTO A WORLD WHERE BALLET AND HIP-HOP EXIST ON EQUAL TERMS WITH OTHER DANCE FORMS." THESE PERFORMANCES REINFORCE THE IDEA THAT ALL CULTURES CAN BLEND AND BORROW WHILE REMAINING TRUE TO THEIR ORIGINS.

Program 3
Expenses: $97,206 Revenue: $2,607

EDUCATION AND COMMUNITY ENGAGEMENT PROGRAMS - THE NBES PATHWAYS PROGRAM SERVES TEN PUBLIC SCHOOLS ACROSS SHELBY COUNTY WITH FREE DANCE TRAINING FOR ALL STUDENTS AFTER SCHOOL AND DURING THE DAY AS AN...

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EDUCATION AND COMMUNITY ENGAGEMENT PROGRAMS - THE NBES PATHWAYS PROGRAM SERVES TEN PUBLIC SCHOOLS ACROSS SHELBY COUNTY WITH FREE DANCE TRAINING FOR ALL STUDENTS AFTER SCHOOL AND DURING THE DAY AS AN ELECTIVE. NBE'S TEACHING ARTISTS LEAD PATHWAYS UNDER THE DIRECTION OF THE DIRECTOR OF ARTS EDUCATION, PREPARING STUDENTS FOR ENROLLMENT IN NBE'S CORE PROGRAM WHEN DESIRED BY THE STUDENT AND FAMILY AND WORKING TO BUILD EMOTIONAL RESILIENCE AND MOVEMENT SKILLS IN ALL CHILDREN, REGARDLESS OF THEIR DESIRE TO PURSUE PROFESSIONAL DANCE. THE NUMBER OF STUDENTS SERVED IN THE PATHWAYS PROGRAM IS 281.

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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 $943,359
Program Service Revenue $577,982
Investment Income $5,710
Other Revenue $-19,663
TOTAL REVENUE $1,507,388

Expense Breakdown

Grants Paid $87,853
Salaries & Benefits $1,127,774
Fundraising Expenses $73,982
Program Expenses $1,620,090
Other Expenses $695,508
TOTAL EXPENSES $1,911,135

Year-over-Year Comparison

2024 2023 Change
Revenue $1,507,388 $1,905,876 -0.2%
Expenses $1,911,135 $1,799,182 +0.1%
Net Income $-403,747 $106,694 -4.8%
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
15
Independent Members
15
Employees
34
Volunteers
48

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
6
$192,289
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DEBORAH NORTHCROSS CHAIRPERSON 1.00
Officer Director
$0 $0 $0
MARVIN DAVIS VICE CHAIRPERSON 1.00
Officer Director
$0 $0 $0
KATIE FUTRELL TREASURER 1.00
Officer Director
$0 $0 $0
MALIK SMITH SECRETARY 1.00
Officer Director
$0 $0 $0
CALANDRA CLEVELAND BOARD MEMBER 1.00
Director
$0 $0 $0
ROB DELPRIORE BOARD MEMBER 1.00
Director
$0 $0 $0
AMBER FLOYD BOARD MEMBER 1.00
Director
$0 $0 $0
PAUL GOULD BOARD MEMBER 1.00
Director
$0 $0 $0
CHASITY SHARP GRICE BOARD MEMBER 1.00
Director
$0 $0 $0
BRENT HOOKS BOARD MEMBER 1.00
Director
$0 $0 $0
BRIAN INGRAM BOARD MEMBER 1.00
Director
$0 $0 $0
DUSTIN JAMES BOARD MEMBER 1.00
Director
$0 $0 $0
NATHALIE OCCEAN BOARD MEMBER 1.00
Director
$0 $0 $0
SHAWN PAGE BOARD MEMBER 1.00
Director
$0 $0 $0
YOLANDA PARKERSON BOARD MEMBER 1.00
Director
$0 $0 $0
KATIE SMYTHE THINNES FOUNDER, CHIEF STRATEGY OFFICER 40.00
Officer
$90,076 $9,335 $99,411
MATTHEW BEST EXECUTIVE DIRECTOR 40.00
Officer
$78,995 $13,883 $92,878
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 $1,507,388 $1,911,135 $2,122,695 $-403,747
2024 $1,905,876 $1,799,182 $2,531,647 $106,694
2023 $1,542,736 $1,641,135 $2,699,964 $-98,399
2022 $1,613,011 $1,579,738 $2,810,421 $33,273
2021 $1,905,028 $1,271,509 $2,818,092 $633,519
2020 $1,699,459 $1,601,119 $2,123,124 $98,340
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