BALLET MISSISSIPPI INC

EIN: 640674807 501(c)(3)

JACKSON, MS

Total Revenue
$675,831
Total Expenses
$589,385
Total Assets
$1,540,948
Net Assets
$559,021
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
MS
Principal Officer
DAVID KEARY
Phone
6019601560
Tax Period
2024-07-01 to 2025-06-30

BALLET MISSISSIPPI INC, founded in 1983, is a small nonprofit that reported $676K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $589K left a modest 13% surplus.

Mission

BALLET MISSISSIPPI CONTINUES TO PURSUE ITS GOALS OF PROVIDING QUALITY PERFORMANCES, DEVELOPING ARTISTIC AND TECHNICAL PROFICIENCY OF STUDENTS, AND PROMOTING AN APPRECIATION OF DANCE THROUGH EDUCATION, OUTREACH, AND AUDIENCE DEVELOPMENT.

Program Service Accomplishments

Program 1
Expenses: $198,535 Revenue: $165,125

BALLET MISSISSIPPI PERFORMANCES:APPROXIMATELY 3,000 PATRONS ATTENDED BALLET MISSISSIPPI PERFORMANCES DURING THE YEAR ENDING6/30/2025. IN DECEMBER, BALLET MISSISSIPPI PRESENTED THE NUTCRACKER, WHICH...

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BALLET MISSISSIPPI PERFORMANCES:APPROXIMATELY 3,000 PATRONS ATTENDED BALLET MISSISSIPPI PERFORMANCES DURING THE YEAR ENDING6/30/2025. IN DECEMBER, BALLET MISSISSIPPI PRESENTED THE NUTCRACKER, WHICH OFFERED PEOPLE THROUGHOUT THE SOUTHEAST THE OPPORTUNITY TO CELEBRATE THE HOLIDAY SEASON THROUGH THE ENJOYMENT AND APPRECIATION OF THIS BALLET CLASSIC. THE PRODUCTION FEATURED GUEST ARTISTS MARCUS ALFORD IN THE ROLE OF DROSSELMEIER AND DANCERS FROM THE MEMPHIS BALLET. IN DECEMBER OF 2023, BALLET MISSISSIPPI WAS SO EXCITED TO RESUME SCHOOL PERFORMANCES THAT HAD BEEN SUSPENDED BECAUSE OF COVID-19 ISSUES. BALLET MISSISSIPPI HOSTED WELL OVER A THOUSAND STUDENTS FROM ALL OVER MISSISSIPPI FOR A MATINEE OF THE PRODUCTION OF THE NUTCRACKER AT THALIA MARA HALL. UNFORTUNATELY, IN DECEMBER OF 2024 BALLET MISSISSIPPI HAD TO PAUSE THESE SCHOOL PERFORMANCES AGAIN DUE TO CLOSING OF THALIA MARA HALL IN DOWNTOWN JACKSON. BALLET MISSISSIPPI CONTINUES TO PRESENT A YEAR-END PERFORMANCE FOR ALL STUDENTS IN THE BALLET MISSISSIPPI SCHOOL. THIS PERFORMANCE HAS BEEN AN ANNUAL EVENT EVERY MAY AND IS NOW AT THE JACKSON PREPARATORY SCHOOL'S FORTENBERRY THEATRE.

Program 2
Expenses: $245,291 Revenue: $143,121

BALLET MISSISSIPPI SCHOOL:BALLET MISSISSIPPI OFF ERS CLASSES AND PERFORMING OPPORTUNITIES FOR STUDENTS OF ALL AGES, FROM AGE THREE TOADULT. THE SCHOOL'S FOCUS IS CLASSICAL BALLET AND STUDENTS...

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BALLET MISSISSIPPI SCHOOL:BALLET MISSISSIPPI OFF ERS CLASSES AND PERFORMING OPPORTUNITIES FOR STUDENTS OF ALL AGES, FROM AGE THREE TOADULT. THE SCHOOL'S FOCUS IS CLASSICAL BALLET AND STUDENTS COMPLEMENT THEIR TRAINING WITH CLASSES IN DIFF ERENTSTYLES OF DANCE THROUGHOUT THE YEAR. ALL STUDENTS PARTICIPATE IN THE YEAR-END PERFORMANCE. THE BALLETMISSISSIPPI FACULTY INSTRUCTED CLASSES FOR APPROXIMATELY 150 STUDENTS IN SUMMER CLASSES LED BY GUEST ARTISTSAS WELL AS BALLET MISSISSIPPI FACULTY. THE BALLET MISSISSIPPI FACULTY IS LED BY ARTISTIC DIRECTOR, DAVID KEARY. DAVID KEARY IS A FORMER MEMBER OF THE NEW YORK CITY BALLET AND WAS PERSONALLY INVITED BY GEORGEBALANCHINE TO JOIN THE NEW YORK CITY BALLET. BALLET MISSISSIPPI HOLDS THE DISTINCTION THAT ITSEXECUTIVE/ARTISTIC DIRECTOR WAS A LONG TIME MEMBER OF THIS PRESTIGIOUS COMPANY AND IS NOW TRAININGMISSISSIPPI'S CHILDREN! THE BALLET MISSISSIPPI SCHOOL HAS CONTINUED TO OFF ER A TWO-WEEK INTENSIVEWORKSHOP WITH FACULTY FROM ALL OVER THE UNITED STATES. OTHER WORKSHOPS FOCUS ON THE VERY YOUNG DANCERSTHAT TRAIN AT BALLET MISSISSIPPI.

Program 3
Expenses: $3,967 Revenue: $2,900

BALLET MISSISSIPPI OUTREACH:BALLET MISSISSIPPI SUSPENDED ITS OUTREACH PROGRAM IN THE JACKSON PUBLIC SCHOOLS BECAUSE OF THE LINGERINGISSUES OF COVID-19, LACK OF FACULTY AND FI NANCES TO PURSUE THIS...

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BALLET MISSISSIPPI OUTREACH:BALLET MISSISSIPPI SUSPENDED ITS OUTREACH PROGRAM IN THE JACKSON PUBLIC SCHOOLS BECAUSE OF THE LINGERINGISSUES OF COVID-19, LACK OF FACULTY AND FI NANCES TO PURSUE THIS GOAL. HOWEVER, IN 2023 TO PRESENT BALLETMISSISSIPPI EXTENDED ITS OUTREACH TO OFF ER BALLET CLASSES AT JACKSON PREPARATORY SCHOOL IN FLOWOOD, MS, ST.LUKE'S UNITED METHODIST CHURCH IN JACKSON, MS AND ST. ANTHONY CATHOLIC SCHOOL IN MADISON, MS. BALLETMISSISSIPPI IS WORKING AT REDEVELOPING ITS OUTREACH INTO THE JACKSON PUBLIC SCHOOLS IN THE FUTURE.COMMUNITY PARTNERSHIPS SERVED AS AN IMPORTANT VEHICLE TO INCREASE AUDIENCE ACCESSIBILITY. BALLETMISSISSIPPI PERFORMED AT BLAIR E. BATSON'S CHILDREN'S HOSPITAL AND THE ST. ANDREW'S EPISCOPAL SCHOOL ARTSON THE GREEN EVENT. OTHER PARTNERSHIPS INCLUDE: THE JACKSON JUNIOR LEAGUE'S MISTLETOE MARKETPLACEWHERE THE BALLET PERFORMED EXCERPTS OF THE NUTCRACKER FOR AUDIENCES, MADISON COUNTY LIBRARY INMADISON, MS, CENTRAL MISSISSIPPI'S DOWN SYNDROME BUDDY WALK, FONDREN'S ANNUAL HOLIDAY PARADE, ANDARTS DAY AT THE CAPITOL DURING MISSISSIPPI'S SPRING LEGISLATIVE SESSION, JUST TO NAME A FEW.

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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 $263,546
Program Service Revenue $311,146
Investment Income $6,417
Other Revenue $94,722
TOTAL REVENUE $675,831

Expense Breakdown

Grants Paid $0
Salaries & Benefits $198,660
Fundraising Expenses $40,155
Program Expenses $447,793
Other Expenses $390,725
TOTAL EXPENSES $589,385

Year-over-Year Comparison

2024 2023 Change
Revenue $675,831 $594,526 +0.1%
Expenses $589,385 $777,664 -0.2%
Net Income $86,446 $-183,138 -1.5%
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
23
Independent Members
23
Employees
9
Volunteers
150

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
7
$88,945
Total Directors
23
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALEXIS MORRIS EVANS BOARD MEMBER 1.00
Director
$0 $0 $0
NELL KNOX BOARD MEMBER 1.00
Director
$0 $0 $0
MEGAN WEST ALLEN BOARD MEMBER 1.00
Director
$0 $0 $0
MARY LARGENT PURVIS BOARD MEMBER 1.00
Director
$0 $0 $0
MARY HELEN BOWEN IMMEDIATE PAST PRESIDENT 1.00
Director
$0 $0 $0
MARGARET TAYLOR BOARD MEMBER 1.00
Director
$0 $0 $0
LYNN WENTWORTH BOARD MEMBER 1.00
Director
$0 $0 $0
LIBBA WILKES BOARD MEMBER 1.00
Director
$0 $0 $0
LAURA WALTERS BOARD MEMBER 1.00
Director
$0 $0 $0
KAREN GILDER BOARD MEMBER 1.00
Director
$0 $0 $0
HOLLY MAGEE BOARD MEMBER 1.00
Director
$0 $0 $0
FREDA SPELL BOARD MEMBER 1.00
Director
$0 $0 $0
DORIS BRICKELL MEMBER EMERITUS 1.00
Director
$0 $0 $0
DEREK MILES BOARD MEMBER 1.00
Director
$0 $0 $0
CORA JEAN MILLER MEMBER EMERITUS 1.00
Director
$0 $0 $0
CLAIRE RIDGWAY BOARD MEMBER 1.00
Director
$0 $0 $0
CHRISTIN BRUNSON WILLIAMS BOARD MEMBER 1.00
Director
$0 $0 $0
BARRY PLUNKETT BOARD MEMBER 1.00
Director
$0 $0 $0
GIGI WELSH BOARD MEMBER 1.00
Director
$0 $0 $0
HEATHER WISE PRESIDENT 1.00
Officer Director
$0 $0 $0
PRENTISS FRANKLIN VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
JOANNA ROBERTS SECRETARY 1.00
Officer Director
$0 $0 $0
KAREN TOWRY-HOLMES TREASURER 1.00
Officer Director
$0 $0 $0
DAVID A KEARY EXECUTIVE DIRECTOR 40.00
Officer
$72,765 $3,780 $76,545
CASSANDRA BURNEY WALTER EXECUTIVE DIRECTOR 40.00
Officer
$12,400 $0 $12,400
RACHAEL MORRIS EXECUTIVE DIRECTOR 40.00
Officer
$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 $675,831 $589,385 $1,540,948 $86,446
2024 No data No data No data No data
2023 $681,810 $610,349 $1,966,510 $71,461
2022 $994,326 $603,915 $1,960,651 $390,411
2021 $387,686 $376,903 $362,095 $10,783
2020 $478,541 $461,597 $386,457 $16,944
2019 $554,406 $523,433 $166,594 $30,973
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