Civic Intelligence

Festival Ballet

EIN 05-0377245 • 501(c)3 • Providence, RI

Profile

Our Mission is to thrill and

825 Hope StreetProvidence, RI 02906

www.festivalballet.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

83rd percentile

0.51x

Higher debt load relative to assets than 83% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

74th percentile

0.32x

Higher debt load relative to revenue than 74% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

16th percentile

-17%

Higher net margin than 16% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

11th percentile

-15%

Faster asset growth than 11% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

41st percentile

3.0%

Faster revenue growth than 41% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$1,393,521

Down $244,465 (-15%) from 2023

Liabilities

Up

$707,466

Up $64,315 (+10.0%) from 2023

Net Assets

Down

$686,055

Down $308,780 (-31%) from 2023

Revenue

Up

$2,240,584

Up $65,076 (+3.0%) from 2023

Expenses

Up

$2,626,914

Up $407,395 (+18%) from 2023

Net Income

Down

-$386,330

Down $342,319 (-778%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$2.0M$1.0M$0-$1.0MAssets 2011: $633,739Liabilities 2011: $1,027,951Net Assets 2011: -$394,2122011Assets 2012: $604,837Liabilities 2012: $1,006,194Net Assets 2012: -$401,3572012Assets 2013: $590,016Liabilities 2013: $1,004,895Net Assets 2013: -$414,8792013Assets 2014: $548,120Liabilities 2014: $953,481Net Assets 2014: -$405,3612014Assets 2015: $585,230Liabilities 2015: $813,108Net Assets 2015: -$227,8782015Assets 2016: $573,400Liabilities 2016: $754,000Net Assets 2016: -$180,6002016Assets 2017: $560,963Liabilities 2017: $645,498Net Assets 2017: -$84,5352017Assets 2018: $520,508Liabilities 2018: $677,596Net Assets 2018: -$157,0882018Assets 2019: $467,700Liabilities 2019: $746,163Net Assets 2019: -$278,4632019Assets 2020: $654,532Liabilities 2020: $884,295Net Assets 2020: -$229,7632020Assets 2021: $1,446,806Liabilities 2021: $683,941Net Assets 2021: $762,8652021Assets 2022: $1,714,655Liabilities 2022: $705,408Net Assets 2022: $1,009,2472022Assets 2023: $1,637,986Liabilities 2023: $643,151Net Assets 2023: $994,8352023Assets 2024: $1,393,521Liabilities 2024: $707,466Net Assets 2024: $686,0552024

Highlighted filing

2024

Assets$1,393,521
Liabilities$707,466
Net Assets$686,055

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $1,616,0552011Expenses 2012: $1,286,3272012Revenue 2013: $1,361,611Expenses 2013: $1,375,133Net Income 2013: -$13,5222013Revenue 2014: $1,440,937Expenses 2014: $1,525,707Net Income 2014: -$84,7702014Revenue 2015: $1,568,088Expenses 2015: $1,388,605Net Income 2015: $179,4832015Revenue 2016: $1,364,617Expenses 2016: $1,317,339Net Income 2016: $47,2782016Revenue 2017: $1,852,288Expenses 2017: $1,733,393Net Income 2017: $118,8952017Revenue 2018: $1,573,121Expenses 2018: $1,645,674Net Income 2018: -$72,5532018Revenue 2019: $1,673,077Expenses 2019: $1,794,453Net Income 2019: -$121,3762019Revenue 2020: $1,480,907Expenses 2020: $1,450,166Net Income 2020: $30,7412020Revenue 2021: $2,279,946Expenses 2021: $1,287,318Net Income 2021: $992,6282021Revenue 2022: $2,223,140Expenses 2022: $1,934,658Net Income 2022: $288,4822022Revenue 2023: $2,175,508Expenses 2023: $2,219,519Net Income 2023: -$44,0112023Revenue 2024: $2,240,584Expenses 2024: $2,626,914Net Income 2024: -$386,3302024

Highlighted filing

2024

Revenue$2,240,584
Expenses$2,626,914
Net Income-$386,330

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.39$0.71$0.69$2.24$2.63$0.39
2023Detailed filing. Detailed filing data is available for this year.$1.64$0.64$0.99$2.18$2.22$0.04
2022Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$1.71$0.71$1.01$2.22$1.93$0.29
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.45$0.68$0.76$2.28$1.29$0.99
2020Detailed filing. Detailed filing data is available for this year.$0.65$0.88$0.23$1.48$1.45$0.03
2019Detailed filing. Detailed filing data is available for this year.$0.47$0.75$0.28$1.67$1.79$0.12
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.52$0.68$0.16$1.57$1.65$0.07
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.56$0.65$0.08$1.85$1.73$0.12
2016Detailed filing. Detailed filing data is available for this year.$0.57$0.75$0.18$1.36$1.32$0.05
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.59$0.81$0.23$1.57$1.39$0.18
2014Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$0.55$0.95$0.41$1.44$1.53$0.08
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.59$1.00$0.41$1.36$1.38$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.60$1.01$0.40$1.29
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.63$1.03$0.39$1.62
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Sep 1, 2023 to Aug 31, 2024
Signed
Jun 19, 2025
Return Version
2023v6.0
Gross Receipts
$2,360,491
Mission and Program Overview

Mission

Our mission is to thrill and move our audiences, dancers, choreographers, supporters and staff with art and discipline. Our vision is to continuously increase in passion and artistic excellence and strength, acheiving national and international recognition as a creative force in dance.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$597,243$515,448▼ $81,795
Investments in Publicly Traded Securities$391,428$471,662▲ $80,234
Cash and Non-Interest-Bearing Accounts$568,713$232,828▼ $335,885
Accounts Receivable$12,157$50,121▲ $37,964
Prepaid Expenses and Deferred Charges$47,919$24,065▼ $23,854
Investments Other Securities$10,263--
Total Assets$1,637,986$1,393,521▼ $244,465
Other Assets Total$10,263$99,397▲ $89,134
Liabilities
Mortgage Notes Payable Secured by Investment Property$465,484$439,394▼ $26,090
Other Liabilities$10,263$100,386▲ $90,123
Deferred Revenue$116,633$86,715▼ $29,918
Accounts Payable and Accrued Expenses$50,771$80,971▲ $30,200
Total Liabilities$643,151$707,466▲ $64,315
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$872,175$601,055▼ $271,120
Net Assets With Donor Restrictions$122,660$85,000▼ $37,660
Total Net Assets Fund Balance$994,835$686,055▼ $308,780
Total Liabilities and Net Assets / Fund Balance$1,637,986$1,393,521▼ $244,465

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$225,835$445,601$671,436
Other Land Buildings$174,760$463,509$638,269
Buildings$75,305$301,221$376,526
Equipment$0$84,551$84,551
Land$39,548-$39,548
Other Assets Org$99,397--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kathleen Breen CombesExecutive Dir/nonvoting DiFT$104,504$12,206$116,710

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$406,381
Program Service Revenue
$1,665,348
Investment Income
$19,958
Other Revenue
$148,897
All Other Contributions
$363,094
Change in Net Assets
$-386,330

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,235,127
Revenue Not Reported on Financial Statements
$5,457
Revenue Not Reported on Form 990
$127,364
Total Revenue per Audited Statements
$2,362,491
Total Revenue per Form 990
$2,240,584
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,376,390
Salaries, Compensation, and Employee Benefits$1,250,524
Total Fundraising Expense$109,632
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$685,522$295,755$81,534$1,062,811
Advertising$173,262--$173,262
Payroll Taxes$86,743$31,740$7,935$126,418
All Other Expenses$91,747$18,308$7,016$117,071
Depreciation Depletion$84,571$22,553$5,638$112,762
Other Employee Benefits$38,424$18,297$4,574$61,295
Fees for Services Accounting-$40,606-$40,606
Insurance$25,708$2,780$695$29,183
Other Expenses$24,489$5,860$1,465$24,489
Fees for Services Other$14,285$3,099$775$18,159
Interest$15,794--$15,794
Office Expenses-$12,197-$12,197
Travel$5,643--$5,643
Fees for Service Investment Mgmnt Fees-$5,457-$5,457
Fees for Services Legal-$3,500-$3,500
Total Functional Expenses$2,057,130$460,152$109,632$2,626,914

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,671,271
Total Expenses per Form 990$2,626,914
Expenses per Audited Statements$2,621,457
Expenses Not Reported on Form 990$49,814
Expenses Not Reported on Financial Statements$5,457
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$19,163
Fundraising Direct Expenses$5,992
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Gala$14,560$14,560$5,096$9,464
Total Events$19,163$19,163$5,992$13,171
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Yury YanowskyHusband of the DirectorEmployed by the Organization as the Artistic Curator and Resident ChoreographerNo$53,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liability$100,386
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
Yes
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

The husband of the executive director is employed at the organization.

Form 990, Part VI, Section B, Line 11B

The executive director and treasurer review the 990 and approves the return prior to filing.

Form 990, Part VI, Section B, Line 12C

All board members are required to complete and sign an annual conflict of interest statement.

Form 990, Part VI, Section B, Line 15

All salaries are reviwed annually by the board of directors.

Form 990, Part VI, Section C, Line 18

The form 990 is available to the public upon request to the executive director and through guidestar

Form 990, Part VI, Section C, Line 19

Governing documents are made avaiable to the public upon request to the executive director and approval by the board of directors

Filing and Contact Details

Filer

Filer Name
Ballet Ri
EIN
05-0377245
Phone
4013531129
Address
825 HOPE STREET, PROVIDENCE, RI 02906

Signing Officer

Name
Kathleen Breen Combes
Title
Director
Phone
4013531129
Signed
2025-06-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kathleen Breen Combes
Formed
1983
Legal Domicile
Ri
Voting Board Members
16
Independent Board Members
16
Employees
60
Volunteers
300

Preparer

Firm
Mullen Scorpio Cerilli
Address
67 CEDAR STREET SUITE 106, PROVIDENCE, RI 02903
Preparer
Patricia M Cerilli
Phone
4017513860
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

This process has not changed from the prior year.

Financial Statement Notes

PART X, LINE 2:

The organization evaluates its uncertain tax positions using the guidance for contingencies as contained in generallly accepted accounting principles. The organization was not aware of any uncertain tax positions that were not provided for in the accompanying financial statements .

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Special events expense 5,992. Merchandise expense 43,822.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Special event expense 5,992. Merchandise expense 43,822.

Raw XML AppendixShowing 400 of 596 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/PersonNm12STEFAN PETRELLA
IRS990/Form990PartVIISectionAGrp/PersonNm13RANDY ROSENBAUM
IRS990/Form990PartVIISectionAGrp/PersonNm14EVA ROUNDS
IRS990/Form990PartVIISectionAGrp/PersonNm15ANA CORONEL
IRS990/Form990PartVIISectionAGrp/PersonNm16KATHLEEN BREEN COMBES
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IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt10SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14CO-CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt15VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt16EXECUTIVE DIR/NONVOTING DI
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IRS990/MissionDesc0OUR MISSION IS TO THRILL AND MOVE OUR AUDIENCES, DANCERS, CHOREOGRAPHERS, SUPPORTERS AND STAFF WITH ART AND DISCIPLINE. OUR VISION IS TO CONTINUOUSLY INCREASE IN PASSION AND ARTISTIC EXCELLENCE AND STRENGTH, ACHEIVING NATIONAL AND INTERNATIONAL RECOGNITION AS A CREATIVE FORCE IN DANCE.
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IRS990/ProgSrvcAccomActy2Grp/Desc0DURING THE 2023-2024 ACADEMIC YEAR, THE BALLET RI SCHOOL CONTINUED TO GROW AND EXPAND ITS OPERATIONS, OFFERING A WIDER VARIETY OF CLASSES AND EXPERIENCES. THE SCHOOL CONTINUED ITS WORK THROUGH THE ALL COURSE NETWORK AS AN ACCREDITED SCHOOL OF THE RI DEPT OF EDUCATION, ALLOWING FOR DANCE STUDENTS TO RECEIVE SUBSIDIZED TUITION SUPPORT. THE SCHOOL EXPANDED ITS ADVANCED TRAINING PROGRAM AND ADDED RESUME BUILDING AND MENTORSHIP CONNECTIONS FOR STUDENTS WISHING TO EXPLORE A CAREER IN DANCE. STUDENTS OF THE SCHOOL HAD THE OPPORTUNITY TO PARTICIPATE IN COMPETITION ENSEMBLE, NEXTGEN CHOREOGRAPHIC WORKSHOP, AND THE CULMINATION YEAR-END PERFORMANCE. THE SCHOOL'S NEW TRANSFORMATIONAL PROVIDANCE PROGRAM, WHICH COMMENCED IN OCTOBER 2021, BEGAN IT'S THIRD YEAR OF PROGRAMMING AND EXPANDED TO MULTIPLE SCHOOLS IN RI. THE PROGRAM WAS A GREAT SUCCESS, OFFERING OUT-OF-SCHOOL TIME LEARNING ACROSS FOUR PUBLIC SCHOOLS IN PROVIDENCE AND PAWTUCKET, WITH ADDITIONAL WEEKLY CLASSES HELD AT BALLET RI STUDIOS. THESE ADVANCING STUDENTS WERE PROVIDED WITH TRANSPORTATION, TUITION SUPPORT, AND SUPPLIES AND MATERIALS NECESSARY TO CONTINUE THEIR DANCE EDUCATION.
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