BALLET MAGNIFICAT INC

EIN: 640732185 501(c)(3) Arts, Culture & Humanities

JACKSON, MS

Total Revenue
$2,076,866
Total Expenses
$1,953,545
Total Assets
$2,062,338
Net Assets
$2,052,013
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
MS
Principal Officer
KEITH THIBODEAUX
Phone
6019771001
Tax Period
2025-01-01 to 2025-12-31

BALLET MAGNIFICAT INC, founded in 1986, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.1M in total revenue in fiscal year 2025. Expenses of $2.0M left a modest 6% surplus.

Mission

TO PROMOTE RELIGION THROUGH BALLET DANCING

Program Service Accomplishments

Program 1
Expenses: $175,740 Revenue: $357,939

TEACHING-THE ORGANIZATION HAS CLASSES IN WHICH IT TEACHES STUDENTS ABOUT BALLET AND THE RELIGIOUS MESSAGE WHICH IT PROMOTES.

Program 2
Expenses: $350,634 Revenue: $779,318

WORKSHOPS-THE ORGANIZATION OPERATES TWO WORKSHOPS, ONE IN THE SUMMER AND ANOTHER IN THE FALL, RENTING SPACE FROM NEARBY BELHAVEN COLLEGE. STUDENTS FROM THROUGHOUT THE UNITED STATES ARE TAUGHT HOW TO...

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WORKSHOPS-THE ORGANIZATION OPERATES TWO WORKSHOPS, ONE IN THE SUMMER AND ANOTHER IN THE FALL, RENTING SPACE FROM NEARBY BELHAVEN COLLEGE. STUDENTS FROM THROUGHOUT THE UNITED STATES ARE TAUGHT HOW TO PROMOTE RELIGION THROUGH BALLET DANCING.

Program 3
Expenses: $861,619 Revenue: $414,050

PERFORMANCES-THE ORGANIZATION HAS PERFORMANCES THAT PROMOTE RELIGION THROUGH BALLET DANCING.

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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 (2025)

Revenue Breakdown

Contributions & Grants $315,916
Program Service Revenue $1,551,307
Investment Income $169,004
Other Revenue $40,639
TOTAL REVENUE $2,076,866

Expense Breakdown

Grants Paid $34,638
Salaries & Benefits $925,616
Fundraising Expenses $5,528
Program Expenses $1,387,993
Other Expenses $993,291
TOTAL EXPENSES $1,953,545

Year-over-Year Comparison

2025 2024 Change
Revenue $2,076,866 $2,030,590 +0.0%
Expenses $1,953,545 $1,963,762 0.0%
Net Income $123,321 $66,828 +0.8%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
52
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
4
$207,300
Total Directors
7
$207,300
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KEITH THIBODEAUX PRESIDENT 40.00
Officer Director
$62,575 $0 $62,575
KATHY THIBODEAUX VICE PRESIDE 40.00
Officer Director
$62,325 $0 $62,325
BRENDA HOLDEN SECRETARY 20.00
Officer Director
$28,600 $0 $28,600
ERIN BERGMAN TREASURER 40.00
Officer Director
$53,800 $0 $53,800
TARA DREW DIRECTOR N/A
Director
$0 $0 $0
BRYCE DREW DIRECTOR N/A
Director
$0 $0 $0
JOHN VANDERVELDE DIRECTOR N/A
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 $2,076,866 $1,953,545 $2,062,338 $123,321
2024 No data No data No data No data
2023 $1,942,452 $2,115,695 $1,871,603 $-173,243
2022 $1,869,547 $1,697,563 $2,044,965 $171,984
2021 $2,272,042 $1,429,603 $1,863,123 $842,439
2020 $1,313,365 $1,305,775 $895,375 $7,590
2019 $1,835,275 $1,700,264 $753,853 $135,011
2018 $1,759,887 $1,770,694 $661,429 $-10,807
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