BALLET THEATRE OF CARMEL ACADEMY LTD

EIN: 830748923 501(c)(3) Arts, Culture & Humanities

INDIANAPOLIS, IN

Total Revenue
$291,185
Total Expenses
$301,575
Total Assets
$16,491
Net Assets
$16,491
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
IN
Principal Officer
TODD S KENNEDY
Phone
3177982133
Tax Period
2023-07-01 to 2024-06-30

BALLET THEATRE OF CARMEL ACADEMY LTD, founded in 2018, is a small nonprofit in the Arts, Culture & Humanities sector that reported $291K in total revenue in fiscal year 2023. Revenue surged 52% from the prior year, signaling strong growth momentum.

Mission

BALLET THEATRE OF CARMEL ACADEMY IS DEDICATED TO DEVELOPING DANCERS TO THEIR FULLEST POTENTIAL. WE BELIEVE THAT THROUGH ENCOURAGEMENT, DISCIPLINE, AND DEDICATION OUR PROFESSIONAL INSTRUCTORS CAN NURTURE DANCERS TO A HIGHER DEGREE OF ACHIEVEMENT, CONFIDENCE, AND SELF-ESTEEM.WE STRIVE TO GIVE YOUNG DANCING ARTISTS THE TOOLS NECESSARY TO SUCCEED IN THE COLLEGIATE AND PROFESSIONAL MARKET BOTH NATIONALLY AND INTERNATIONALLY.BY GOD'S GRACE, WE STRIVE TO BUILD BEAUTIFUL DANCERS AND WHOLESOME HUMAN BEINGS. WE ALSO DESIRE TO FURTHER ENRICH THE CULTURAL LIFE OF CENTRAL INDIANA AND THE SURROUNDING AREAS BY PRODUCING QUALITY PERFORMANCES AND EVENTS FOR THE COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $219,858 Revenue: $212,938

DANCE PROGRAMS: MYB'S PRIMARY OBJECTIVE IS TO PROVIDE BOYS AND GIRLS AGES 3-18 WITH HIGH-QUALITY DANCE EDUCATION, BASED ON THE AMERICAN BALLET THEATRE NATIONAL TRAINING CURRICULUM, IN A NURTURING AND...

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DANCE PROGRAMS: MYB'S PRIMARY OBJECTIVE IS TO PROVIDE BOYS AND GIRLS AGES 3-18 WITH HIGH-QUALITY DANCE EDUCATION, BASED ON THE AMERICAN BALLET THEATRE NATIONAL TRAINING CURRICULUM, IN A NURTURING AND SUPPORTIVE ENVIRONMENT. IN THIS FISCAL YEAR, MYB HAD A TOTAL ENROLLMENT OF 178 STUDENTS IN LEVELS PRESCHOOL THROUGH 6B. 30 WEEKLY CLASSES WERE OFFERED IN BALLET TECHNIQUE, PRE-POINTE, POINTE, VARIATIONS, PARTNERING, CONTEMPORARY, AND JAZZ (58HRS/WK AVAILABLE INSTRUCTION). 6 STUDENTS ENROLLED IN THE DAY INTENSIVE PROGRAM RECEIVED 12HRS/WK OF TRAINING IN THE ABOVE DISCIPLINES INCLUDING IMPROVISATION. 22 STUDENTS ENROLLED IN THE THE SOLOIST INITIATIVE PROGRAM RECEIVED 1-4HRS/WK OF INDIVIDUAL VARIATIONS TRAINING. 94 STUDENTS PARTICIPATED IN BTCA'S STUDENT SHOWCASE. SUMMER PROGRAMS INCLUDED A 2 WEEK SENIOR INTENSIVE (50HRS INSTRUCTION) ATTENDED BY 26 LEVEL 2B-6B STUDENTS; A 2 WEEK JUNIOR INTENSIVE (24HRS INSTRUCTION) ATTENDED BY 16 PRIMARY A - 2A STUDENTS; 4 SUMMER CAMPS (48HRS INSTRUCTION) ATTENDED BY 44 STUDENTS; AND 22HRS OF OPEN CLASSES ATTENDED BY 26 STUDENTS.

Program 2
Expenses: $71,238 Revenue: $74,621

PERFORMANCE: MYB'S SECONDARY OBJECTIVE IS TO ENRICH THE CULTURAL LIFE OF CENTRAL INDIANA BY PRODUCING HIGH-QUALITY BALLET PERFORMANCES FOR THE COMMUNITY. THE NUTCRACKER AND A SPRING STORYBOOK BALLET...

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PERFORMANCE: MYB'S SECONDARY OBJECTIVE IS TO ENRICH THE CULTURAL LIFE OF CENTRAL INDIANA BY PRODUCING HIGH-QUALITY BALLET PERFORMANCES FOR THE COMMUNITY. THE NUTCRACKER AND A SPRING STORYBOOK BALLET ARE PRESENTED EACH YEAR. THE NUTCRACKER'S CAST OF 83 DANCERS PRESENTED 4 LIVE PERFORMANCES DECEMBER 15 - 17. 2,335 LIVE AND 10 DIGITAL ACCESSS TICKETS WERE SOLD. 85 ADULTS AND TEENS VOLUNTEERED HUNDREDS OF HOURS TO COMPLETE 278 PRE-PRODUCTION AND PRODUCTION WEEK TASKS. THE ENCHANTED TALES PERFORMANCE WAS PRESENTED BY A CAST OF 68 DANCERS FOR 2 SHOWS ON MAY 24 & 25. 629 LIVE AND 6 DIGITAL ACCESS TICKETS WERE SOLD. 46 ADULTS AND TEENS VOLUNTEERED HUNDREDS OF HOURS TO COMPLETE MORE THAN 191 PRE-PRODUCTION AND PRODUCTION WEEK TASKS. FOR BOTH PRODUCTIONS, THE MYB PARENT ORGANIZATION OFFERED LOBBY ACTIVITIES INCLUDING BAKE SALE, BOUTIQUE, FLOWER SALE, AND CAST MEET & GREET, TO RAISE FUNDS AND CREATE A FAMILY-FRIENDLY BALLET EXPERIENCE FOR GUESTS.

Program 3
Revenue: $200

COMMUNITY OUTREACH: IN AN EFFORT TO FURTHER CONTRIBUTE TO THE CULTURAL LIFE OF CENTRAL INDIANA, AND TO SHARE THE ART OF BALLET IN AN INFORMAL NON-THEATRE SETTING, BTCA OFFERED A ROBUST SCHEDULE OF...

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COMMUNITY OUTREACH: IN AN EFFORT TO FURTHER CONTRIBUTE TO THE CULTURAL LIFE OF CENTRAL INDIANA, AND TO SHARE THE ART OF BALLET IN AN INFORMAL NON-THEATRE SETTING, BTCA OFFERED A ROBUST SCHEDULE OF FREE COMMUNITY OUTREACH PERFORMANCES DURING THIS FISCAL YEAR. WE PRESENTED A SELECTION OF CLASSICAL AND CONTEMPORARY BALLET AND JAZZ SOLOS AND ENSEMBLE PIECES AT PENROD ARTS FESTIVAL, CARMEL INTERNATIONAL ARTS FESTIVAL, CARMEL CHINESE MOONCAKE FESTIVAL, SYMPHONY ON THE CIRCLE, AND A PREVIEW OF THE NUTCRACKER AT CARMEL CHRISTKINDLEMARKT. TOTAL AUDIENCE OF THESE EVENTS IS ESTIMATED AT 300-350 ACTIVELY ENGAGED ADULTS AND CHILDREN. STORYTIME PERFORMANCES WERE ALSO PRESENTED AT AT CARMEL, WESTFIELD, WHITESTOWN, AND ZIONSVILLE LIBRARIES (TOTAL 6 ENGAGMENTS OVER THE FISCAL YEAR) REACHING OVER 350 CHILDREN AND ADULTS. EACH OF THESE OUTREACH ACTIVITIES ALSO HAD AN INFORMATIONAL COMPONENT WITH INFO TABLE AND/OR FACULTY AVAILABLE FOR Q&A. THE LIBRARY STORYTIMES ALSO INCLUDED AN INTERACTIVE MINI-BALLET CLASS AND BALLET PANTOMIME LESSON.

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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 (2023)

Revenue Breakdown

Contributions & Grants $3,426
Program Service Revenue $285,079
Investment Income $0
Other Revenue $2,680
TOTAL REVENUE $291,185

Expense Breakdown

Grants Paid $0
Salaries & Benefits $10,008
Fundraising Expenses $0
Program Expenses $291,096
Other Expenses $291,567
TOTAL EXPENSES $301,575

Year-over-Year Comparison

2023 2022 Change
Revenue $291,185 $191,263 +0.5%
Expenses $301,575 $210,740 +0.4%
Net Income $-10,390 $-19,477 -0.5%
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
6
Independent Members
5
Employees
N/A
Volunteers
85

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
$5,004
Total Directors
6
$5,004
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FRANK WEINER ASSOCIATE ARTISTIC DIRECTO 20.00
Director
$5,004 $0 $5,004
CHRISTOPHER OLER BOARD PRESIDENT 5.00
Officer Director
$0 $0 $0
TODD KENNEDY BOARD TREASURER 5.00
Officer Director
$0 $0 $0
ANNEMARIE CHAMBERS BOARD SECRETARY 5.00
Officer Director
$0 $0 $0
KARA STEPHENSON BOARD MEMBER 5.00
Director
$0 $0 $0
KEVIN CAUDILL BOARD MEMBER 5.00
Director
$0 $0 $0
JANE HACHIYA-WEINER ARTISTIC DIRECTOR 20.00
Officer
$5,004 $0 $5,004
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 No data No data No data No data
2024 $291,185 $301,575 $16,491 $-10,390
2023 $191,263 $210,740 $26,881 $-19,477
2022 $224,353 $184,916 $46,358 $39,437
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