Civic Intelligence

Ballet Theatre Foundation Inc

EIN 13-1882106 • 501(c)3 • New York, NY

Profile

To create, to present, to preserve, and to extend the great repertoire of classical dancing through exciting performances and educational programming of the highest quality, presented to the widest possible audience. American ballet theatre is committed to its tradition of excellence and its leadership role as america's national ballet company.

890 Broadway 3rd FloorNew York, NY 10003

www.abt.org

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.51x

Higher debt load relative to assets than 72% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

71st percentile

0.80x

Higher debt load relative to revenue than 71% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Net Margin

6th percentile

-36%

Higher net margin than 6% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

73rd percentile

$518,554

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 1.3% of source-year revenue.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Asset Growth

5th percentile

-16%

Faster asset growth than 5% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

62nd percentile

12%

Faster revenue growth than 62% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Assets

Down

$63,261,248

Down $12,194,856 (-16%) from 2023

Liabilities

Up

$31,958,496

Up $180,220 (+0.6%) from 2023

Net Assets

Down

$31,302,752

Down $12,375,076 (-28%) from 2023

Revenue

Up

$40,182,750

Up $4,304,267 (+12%) from 2023

Expenses

Down

$54,815,674

Down $373,577 (-0.7%) from 2023

Net Income

Up

-$14,632,924

Up $4,677,844 (+24%) from 2023

Trend Graphs

Balance Sheet Trend

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

$100M$50M$0Assets 2011: $36,573,568Liabilities 2011: $11,138,652Net Assets 2011: $25,434,9162011Assets 2012: $37,620,686Liabilities 2012: $11,252,722Net Assets 2012: $26,367,9642012Assets 2013: $39,950,265Liabilities 2013: $11,778,126Net Assets 2013: $28,172,1392013Assets 2014: $45,329,813Liabilities 2014: $12,855,872Net Assets 2014: $32,473,9412014Assets 2015: $41,200,876Liabilities 2015: $12,309,004Net Assets 2015: $28,891,8722015Assets 2016: $47,293,927Liabilities 2016: $13,646,357Net Assets 2016: $33,647,5702016Assets 2017: $56,782,399Liabilities 2017: $13,110,614Net Assets 2017: $43,671,7852017Assets 2018: $56,907,684Liabilities 2018: $12,478,496Net Assets 2018: $44,429,1882018Assets 2019: $60,582,745Liabilities 2019: $14,635,062Net Assets 2019: $45,947,6832019Assets 2020: $65,047,659Liabilities 2020: $18,539,558Net Assets 2020: $46,508,1012020Assets 2021: $91,391,905Liabilities 2021: $15,579,134Net Assets 2021: $75,812,7712021Assets 2022: $75,851,680Liabilities 2022: $12,969,407Net Assets 2022: $62,882,2732022Assets 2023: $75,456,104Liabilities 2023: $31,778,276Net Assets 2023: $43,677,8282023Assets 2024: $63,261,248Liabilities 2024: $31,958,496Net Assets 2024: $31,302,7522024

Highlighted filing

2024

Assets$63,261,248
Liabilities$31,958,496
Net Assets$31,302,752

Operations Trend

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

$60M$40M$20M$0-$20MExpenses 2011: $40,068,1582011Expenses 2012: $40,179,8642012Revenue 2013: $42,659,426Expenses 2013: $42,311,920Net Income 2013: $347,5062013Revenue 2014: $48,244,156Expenses 2014: $43,423,540Net Income 2014: $4,820,6162014Revenue 2015: $40,163,210Expenses 2015: $43,494,765Net Income 2015: -$3,331,5552015Revenue 2016: $49,522,820Expenses 2016: $44,585,545Net Income 2016: $4,937,2752016Revenue 2017: $55,845,284Expenses 2017: $45,050,346Net Income 2017: $10,794,9382017Revenue 2018: $51,665,826Expenses 2018: $48,511,383Net Income 2018: $3,154,4432018Revenue 2019: $47,153,046Expenses 2019: $49,002,829Net Income 2019: -$1,849,7832019Revenue 2020: $28,032,406Expenses 2020: $29,740,579Net Income 2020: -$1,708,1732020Revenue 2021: $56,242,034Expenses 2021: $29,492,776Net Income 2021: $26,749,2582021Revenue 2022: $37,561,780Expenses 2022: $45,351,350Net Income 2022: -$7,789,5702022Revenue 2023: $35,878,483Expenses 2023: $55,189,251Net Income 2023: -$19,310,7682023Revenue 2024: $40,182,750Expenses 2024: $54,815,674Net Income 2024: -$14,632,9242024

Highlighted filing

2024

Revenue$40,182,750
Expenses$54,815,674
Net Income-$14,632,924

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$63.3$32.0$31.3$40.2$54.8$14.6
2023Detailed filing. Detailed filing data is available for this year.$75.5$31.8$43.7$35.9$55.2$19.3
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$75.9$13.0$62.9$37.6$45.4$7.79
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$91.4$15.6$75.8$56.2$29.5$26.7
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$65.0$18.5$46.5$28.0$29.7$1.71
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$60.6$14.6$45.9$47.2$49.0$1.85
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$56.9$12.5$44.4$51.7$48.5$3.15
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$56.8$13.1$43.7$55.8$45.1$10.8
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$47.3$13.6$33.6$49.5$44.6$4.94
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$41.2$12.3$28.9$40.2$43.5$3.33
2014Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$45.3$12.9$32.5$48.2$43.4$4.82
2013Detailed filing. Detailed filing data is available for this year.$40.0$11.8$28.2$42.7$42.3$0.35
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$37.6$11.3$26.4$40.2
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$36.6$11.1$25.4$40.1
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 13, 2025
Return Version
2024v5.2
Gross Receipts
$48,804,764
Mission and Program Overview

Mission

To create, to present, to preserve, and to extend the great repertoire of classical dancing through exciting performances and educational programming of the highest quality, presented to the widest possible audience. American ballet theatre is committed to its tradition of excellence and its leadership role as america's national ballet company.

The foundation's ballet company, american ballet theatre, designated by congressional resolution in 2006 as america's national ballet company, presents the great repertoire of full-length ballets, one-act classics and pioneering new works to audiences across the country and around the world.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$27,925,375$29,297,993▲ $1,372,618
Cash and Non-Interest-Bearing Accounts$14,233,473$5,163,380▼ $9,070,093
Land, Buildings, and Equipment, Net$4,692,981$4,929,213▲ $236,232
Prepaid Expenses and Deferred Charges$1,554,023$3,021,960▲ $1,467,937
Pledges and Grants Receivable$6,532,909$3,014,145▼ $3,518,764
Accounts Receivable$886,326$648,665▼ $237,661
Savings and Temporary Cash Investments$112,074--
Inventories for Sale or Use$26,973$12,129▼ $14,844
Total Assets$75,456,104$63,261,248▼ $12,194,856
Other Assets Total$19,491,970$17,173,763▼ $2,318,207
Liabilities
Other Liabilities$16,800,124$14,683,847▼ $2,116,277
Mortgage Notes Payable Secured by Investment Property$9,000,000$10,750,000▲ $1,750,000
Accounts Payable and Accrued Expenses$4,992,162$5,181,008▲ $188,846
Deferred Revenue$985,990$1,343,641▲ $357,651
Total Liabilities$31,778,276$31,958,496▲ $180,220
Net Assets / Fund Balance
Net Assets With Donor Restrictions$32,782,756$30,242,235▼ $2,540,521
Net Assets Without Donor Restrictions$10,895,072$1,060,517▼ $9,834,555
Total Net Assets Fund Balance$43,677,828$31,302,752▼ $12,375,076
Total Liabilities and Net Assets / Fund Balance$75,456,104$63,261,248▼ $12,194,856

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$3,268,147$16,891,065$20,159,212
Leasehold Improvements$1,365,312$3,106,938$4,472,250
Equipment$295,754$1,772,365$2,068,119
Buildings$0$1,238,635$1,238,635
Other Assets Org$14,168,383--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$26,926,064$250,000▲ $3,482,109$1,300,000$29,233,208
2023$24,519,702-▲ $3,832,858$1,300,000$26,926,064
2022$30,866,792$122,571▼ $4,599,399$1,750,000$24,519,702
2021$26,365,262$700,000▲ $3,937,345-$30,866,792
2020$24,202,403$602,476▲ $2,797,829$1,120,000$26,365,262
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Susan JaffeArtistic DirectorFT$501,081$17,473$518,554
Barry HughsonExecutive Director (as of 3/2024)FT$382,888$57,078$439,966
Herman CornejoPrincipal DancerFT$235,799$21,877$257,676
Lourdes LizChief Marketing DirectorFT$238,294$17,402$255,696
Paul StearnsPrincipal DancerFT$216,622$21,571$238,193
Cheryl KohnDirector, Leadership GiftsFT$213,849$17,536$231,385
Kyle RidaughtChief Advancement OfficerFT$212,769$17,497$230,266
Hee SeoPrincipal DancerFT$207,134$21,400$228,534
Jenelle VincentControllerFT$201,973$17,536$219,509

Highest Paid Contractors

ContractorServicesLocationCompensation
Wiener Staatsoper GmbhCo-production220 S 6TH ST SUITE 300, Minneapolis, MN 55402, Au$757,937
Clifton Larson Allen LLPAccounting And Financial ServicesPO BOX 22012, New York, NY 10087-2012$680,483
BillupsincAdvertising800A PAXTON ST, Harrisburg, PA 17104-1647$490,000
Clark Transfer INCShipping1239 BROADWAY SUITE 1103, New York, NY 10001$407,747
Capacity Interactive Consulting LLCTransportation-$390,070
Revenue and Support

Revenue Composition

Contributions and Grants
$19,413,881
Program Service Revenue
$19,275,281
Investment Income
$1,226,651
Other Revenue
$266,937
All Other Contributions
$16,922,744
Change in Net Assets
$-14,632,924

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded39$3,953,810Fair Market Value (FMV)
Total Noncash Contributions39$3,953,810-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$31,602,193
Other Expenses$21,954,272
Total Fundraising Expense$2,671,705
Grants and Similar Amounts Paid$938,707
Professional Fundraising Fees$320,502

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$19,286,542$1,596,884$1,060,400$21,943,826
Other Employee Benefits$4,529,194$316,455$145,071$4,990,720
Occupancy$2,459,349$11,646$8,905$2,479,900
Travel$2,122,502$24,143$7,886$2,154,531
Payroll Taxes$1,855,293$165,665$111,679$2,132,637
All Other Expenses$440,110$1,626,086$26,975$2,093,171
Advertising$2,033,115--$2,033,115
Fees for Services Other$558,985$1,012,186$34,630$1,605,801
Depreciation Depletion$1,317,662$121,431$107,820$1,546,913
Current Officers, Directors, Trustees, and Key Employees$788,421$449,648$212,769$1,450,838
Interest$10,200$1,095,962-$1,106,162
Pension Plan Contributions$1,084,172--$1,084,172
Royalties$875,328--$875,328
Grants to Domestic Individuals$658,202--$658,202
Office Expenses$371,348$132,194$126,569$630,111
Fees for Services Professional Fundraising--$320,502$320,502
Insurance$175,985$54,709$83,144$313,838
Other Expenses$826,803$1,498$291,212$291,212
Foreign Grants$280,505--$280,505
Fees for Service Investment Mgmnt Fees-$124,965-$124,965
Fees for Services Accounting-$112,120-$112,120
Fees for Services Legal$63,303$18,660$29,637$111,600
Information Technology$18,748$12,385-$31,133
Total Functional Expenses$45,267,332$6,876,637$2,671,705$54,815,674
International Activity

International Summary

Offices
0
Employees
74
Spending
$1,444,190

International Compliance

Foreign grant records maintained
No
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
EuropeProgram ServicesOther Artistic Services02$758,212
EuropeProgram ServicesRoyalties08$204,915
East Asia and the PacificProgram ServicesGrant022$128,855
EuropeProgram ServicesSet Design04$108,472
South AmericaProgram ServicesGrant012$78,290
North AmericaProgram ServicesRoyalties02$69,400
North AmericaProgram ServicesGrant07$32,313
EuropeProgram ServicesGrant05$20,585
Sub-saharan AfricaProgram ServicesGrant03$11,275
North AmericaProgram ServicesOther Artistic Services01$8,000
North AmericaProgram ServicesTeacher01$7,725
Middle East and North AfricaProgram ServicesGrant01$5,188
East Asia and the PacificProgram ServicesOther Artistic Services01$4,210
Central America and the CaribbeanProgram ServicesGrant02$2,500
EuropeProgram ServicesTeacher01$1,650
Middle East and North AfricaProgram ServicesRoyalties01$1,400
East Asia and the PacificProgram ServicesOther Artistic Services01$1,200
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$1,018,587
Fundraising Gross Income$1,018,587
Professional Fundraising Fees$320,502

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Spring Gala$1,309,038$465,597$465,597$0
Fall Gala$1,443,971$382,241$382,241$0
Total Events$3,300,506$1,018,587$1,018,587$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liabilities$14,683,847
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
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 B, Line 11B

Abt's form 990 was prepared by its independent auditor, lutz & carr, and reviewed by management, including the executive director, cfo and controller.

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

Annually and as trustees are elected through the year, each trustee completes a conflict of interest document. Senior management also completes this document. A conflict exists if a trustee or employee is a director, trustee or key employee of a competing entity or an entity with which abt does business. The audit committee reviews conflict of interest documents and, at its discretion, may investigate further and impose restrictions on the trustees' involvement in matters where a conflict may exist.

Form 990, Part VI, Section B, Line 15

The chair and president of the board review the compensation of the artistic director and the ceo / executive director in comparison to industry statistics for similarly sized and structured organizations.

Form 990, Part VI, Section C, Line 19

Abt's governing documents, conflict of interest policy and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Ballet Theatre Foundation Inc
EIN
13-1882106
Phone
2124773030
Address
890 BROADWAY 3RD FLOOR, NEW YORK, NY 10003
Doing Business As
American Ballet Theatre

Signing Officer

Name
Heather Li
Title
CFO
Phone
2124773030
Signed
2025-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Barry Hughson
Formed
1947
Legal Domicile
Ny
Voting Board Members
34
Independent Board Members
33
Employees
769
Volunteers
33

Preparer

Firm
Lutz and Carr Cpas Llp
Address
551 FIFTH AVENUE SUITE 400, NEW YORK, NY 10176
Preparer
Michael Wallace
Phone
2126972299
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

The endowment funds' uses include support for national residency; classical works; new works and training scholarships. The endowment funds also support operating expenses.

Raw XML AppendixShowing 400 of 1,248 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.

Path#Value
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IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THE FOUNDATION'S BALLET COMPANY, AMERICAN BALLET THEATRE, DESIGNATED BY CONGRESSIONAL RESOLUTION IN 2006 AS AMERICA'S NATIONAL BALLET COMPANY, PRESENTS THE GREAT REPERTOIRE OF FULL-LENGTH BALLETS, ONE-ACT CLASSICS AND PIONEERING NEW WORKS TO AUDIENCES ACROSS THE COUNTRY AND AROUND THE WORLD.
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IRS990/Desc0SEASONS:IN 2024, ABT PRESENTED 8 WEEKS OF PERFORMANCES IN NEW YORK CITY AND 2 WEEKS OF PERFORMANCES IN COSTA MESA, CALIFORNIA. THE FIVE-WEEK SPRING METROPOLITAN OPERA HOUSE SEASON REPERTORY INCLUDED THE FULL-LENGTH BALLETS OF ONEGIN, WOOLF WORKS, SWAN LAKE, ROMEO AND JULIET, AND LIKE WATER FOR CHOCOLATE. ABT PRESENTED THREE WEEKS OF REPERTORY PROGRAMS IN OCTOBER AT THE DAVID H. KOCH THEATER AT LINCOLN CENTER. IN DECEMBER, ABT PRESENTED THE NUTCRACKER FOR TWO WEEKS AT THE SEGERSTROM CENTER FOR THE ARTS IN COSTA MESA, CALIFORNIA.
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