BALLET ARTS FOUNDATION

EIN: 860557264 501(c)(3) Arts, Culture & Humanities

TUCSON, AZ

Total Revenue
$1,565,368
Total Expenses
$1,277,122
Total Assets
$1,995,954
Net Assets
$1,450,644
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Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
AZ
Principal Officer
GUSTAVO CORTE
Phone
5209031445
Tax Period
2024-08-01 to 2025-07-31

BALLET ARTS FOUNDATION, founded in 1986, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.6M in total revenue in fiscal year 2024. The organization ran a surplus of $288K, a strong 18% operating margin.

Mission

BALLET TUCSON IS DEDICATED TO BRINGING ICONIC, WORLD-CLASS DANCE PERFORMANCES AND RISING STAR ARTISTS TO TUCSON AND TO SHARING EXPLORATIVE EXPERIENCES THAT INSPIRE HOPE AND EXCITEMENT IN OUR COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $1,083,535 Revenue: $965,816

BALLET TUCSON WAS ESTABLISHED IN 1986 BY MARY BETH CABANA WITH THE GOAL OF CREATING A WORLD-CLASS PROFESSIONAL BALLET COMPANY AND SCHOOL IN SOUTHERN ARIZONA. IN THE SPRING OF 2022, MARGARET MULLIN, A...

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BALLET TUCSON WAS ESTABLISHED IN 1986 BY MARY BETH CABANA WITH THE GOAL OF CREATING A WORLD-CLASS PROFESSIONAL BALLET COMPANY AND SCHOOL IN SOUTHERN ARIZONA. IN THE SPRING OF 2022, MARGARET MULLIN, A TUCSON NATIVE, WAS NAMED ARTISTIC DIRECTOR ALONGSIDE CHIEKO IMADA, BALLET TUCSON'S ASSOCIATE ARTISTIC DIRECTOR AND RESIDENT CHOREOGRAPHER. MS. MULLIN TRAINED AT THE SCHOOL OF BALLET TUCSON ON A FULL SCHOLARSHIP BEFORE HER FOURTEEN-YEAR CAREER AS A LEADING DANCER AND CHOREOGRAPHER WITH PACIFIC NORTHWEST BALLET IN SEATTLE. DANIELLE AND LIANG FU, ACCOMPLISHED DANCERS AND TEACHERS WITH A COMBINED THIRTY-SEVEN YEARS OF EXPERIENCE INTERNATIONALLY, WERE NAMED DIRECTORS OF THE SCHOOL OF BALLET TUCSON IN THE SUMMER OF 2022. THE BALLET TUCSON COMPANY BRINGS FIVE UNIQUE CONCERTS TO THE STAGE ANNUALLY THAT FEATURE BELOVED CLASSICS AND INNOVATIVE NEW WORKS BY ACCLAIMED CHOREOGRAPHERS, PERFORMED BY PROFESSIONAL DANCERS FROM AROUND THE WORLD. PERFORMANCES INCLUDE THREE REPERTORY SEASONS, CONSISTING OF FOUR PERFORMANCES IN EACH PROGRAM (12 MIXED REPERTORY PERFORMANCES). THE COMPANY ALSO PRODUCES FOOTPRINTS AT THE FOX, AN OPPORTUNITY FOR APPRENTICES IN THE COMPANY TO SET BALLETS ON APPRENTICES FOR PUBLIC PERFORMANCE. ONE CHOREOGRAPHER'S WORK IS SELECTED BY THE AUDIENCE TO BE PRESENTED IN THE SPRING SEASON DANCED BY PROFESSIONAL MEMBERS OF BALLET TUCSON. THE HIGHLIGHT OF THE SEASON IS BALLET TUCSON'S PRODUCTION OF THE NUTCRACKER BALLET. THE COMPANY PERFORMS FIVE PERFORMANCES REACHING OVER 8,000 AUDIENCE MEMBERS, MANY OF THEM CHILDREN. THROUGH OUR KIDZTKTS PROGRAM, WE DISTRIBUTE HUNDREDS OF FREE TICKETS TO AREA HIGH SCHOOL STUDENTS. IN TOTAL, BALLET TUCSON OFFERS PROFESSIONAL PERFORMANCES TO OVER 10,000 - 12,000 TUCSON AND SOUTHERN ARIZONA RESIDENTS. THE TUCSON SYMPHONY ORCHESTRA PLAYS TCHAIKOVSKY'S MAGICAL SCORE WITH THE FULL ORCHESTRA IN THE PIT. THE SCHOOL OF BALLET TUCSON PROVIDES EXCEPTIONAL DANCE TRAINING TO STUDENTS OF ALL AGES FROM ACCOMPLISHED INSTRUCTORS. OUR STUDENTS RECEIVE ADVANCED TRAINING IN A VARIETY OF STYLES, HELPING THEM TO BECOME VERSATILE AND WELL-ROUNDED DANCERS. WE ARE DEDICATED TO PROVIDING AN ENCOURAGING ENVIRONMENT FOR EACH STUDENT THAT FOCUSES ON CREATIVITY, ARTISTRY, AND PERSONAL GROWTH. WE STRIVE TO DELIVER EDUCATIONAL EXPERIENCES THAT FOSTER A DEEP LOVE AND APPRECIATION FOR DANCE, AND SKILLS THAT WILL SERVE OUR STUDENTS IN ALL ASPECTS OF THEIR LIVES. STUDENTS OF OUR SCHOOL HAVE THE OPPORTUNITY TO PERFORM ALONGSIDE OUR PROFESSIONAL BALLET TUCSON COMPANY DANCERS IN SELECT PRODUCTIONS, INCLUDING OUR AWARD-WINNING PRODUCTION OF THE NUTCRACKER. WE ALSO PROVIDE PERFORMANCE OPPORTUNITIES SPECIFICALLY HIGHLIGHTING OUR STUDENTS. BALLET TUCSON IS COMMITTED TO BUILDING COMMUNITY AROUND THE ART OF DANCE THROUGH OUTREACH INITIATIVES, INCLUDING FREE POP-UP PERFORMANCES, ARTS EDUCATION CLASSES IN PUBLIC SCHOOLS, THE BALLET BANTER LECTURE SERIES AND A TICKET SUBSIDY PROGRAM. BALLET TUCSON IS ALSO PROUD TO COLLABORATE WITH OTHER TREASURED LOCAL CULTURAL ORGANIZATIONS TO PROVIDE ENRICHING ARTS EXPERIENCES. THIS INCLUDES A VIBRANT PARTNERSHIP WITH THE TUCSON SYMPHONY ORCHESTRA, TUCSON MUSEUM OF ART, MEXICAN CONSULATE FOR MEXICAN INDEPENDENCE DAY FESTIVITIES, TUCSON DESERT SONG FESTIVAL AND MANY OTHER TUCSON LOCAL ORGANIZATIONS.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $603,241
Program Service Revenue $955,880
Investment Income $37
Other Revenue $6,210
TOTAL REVENUE $1,565,368

Expense Breakdown

Grants Paid $0
Salaries & Benefits $586,498
Fundraising Expenses $38,012
Program Expenses $1,083,535
Other Expenses $690,624
TOTAL EXPENSES $1,277,122

Year-over-Year Comparison

2024 2023 Change
Revenue $1,565,368 $1,482,443 +0.1%
Expenses $1,277,122 $1,258,185 +0.0%
Net Income $288,246 $224,258 +0.3%
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
12
Independent Members
12
Employees
28
Volunteers
30

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
5
$60,000
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARGARET MULLIN ARTISTIC DIRECTOR 40.00
Officer
$60,000 $0 $60,000
JIM ALLEN DIRECTOR 1.00
Director
$0 $0 $0
THOMAS ELLIOT DIRECTOR 1.00
Director
$0 $0 $0
ROBERT FORTUNO DIRECTOR 1.00
Director
$0 $0 $0
THALIA ROOT DIRECTOR 1.00
Director
$0 $0 $0
VIVIAN SCHWAB DIRECTOR 1.00
Director
$0 $0 $0
KAREN SIVERT DIRECTOR 1.00
Director
$0 $0 $0
CAROL STURMAN DIRECTOR 1.00
Director
$0 $0 $0
VICTORIA VALTON DIRECTOR 1.00
Director
$0 $0 $0
ANNE ELSBERRY PRESIDENT 1.00
Officer Director
$0 $0 $0
GUSTAVO CORTE VICE PRESIDENT, PRESIDENT ELECT 1.00
Officer Director
$0 $0 $0
SHERI FREY TREASURER 1.00
Officer Director
$0 $0 $0
ELIZABETH MIKESELL SECRETARY 1.00
Officer 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 $1,565,368 $1,277,122 $1,995,954 $288,246
2024 $1,482,443 $1,258,185 $1,718,814 $224,258
2023 $1,335,501 $1,109,834 $1,530,565 $225,667
2022 $1,482,313 $907,924 $1,319,693 $574,389
2021 $354,114 $237,606 $201,706 $116,508
2020 $585,406 $671,494 $100,793 $-86,088
2019 $772,424 $726,150 $118,349 $46,274
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