Civic Intelligence

Atlantic City Ballet

990 • Fiscal year 2019 • EIN 22-2411345

Jul 01, 2018 to Jun 30, 2019 • Filed on Oct 11, 2020

Boardwalk Hall 2301 BoardwalkAtlantic City, NJ 08401

(609) 804-1277

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

99th percentile

9.06x

Higher debt load relative to assets than 99% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

91st percentile

0.35x

Higher debt load relative to revenue than 91% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

19th percentile

-15%

Higher net margin than 19% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

15th percentile

-30%

Faster asset growth than 15% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

19th percentile

-28%

Faster revenue growth than 19% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Down

$9,090

Down $3,833 (-30%) from 2018

Net Assets

Down

-$73,295

Down $36,328 (-98%) from 2018

Liabilities

Up

$82,385

Up $32,495 (+65%) from 2018

Revenue

Down

$235,718

Down $89,702 (-28%) from 2018

Expenses

Down

$272,046

Down $96,928 (-26%) from 2018

Net Income

Up

-$36,328

Up $7,226 (+17%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$200K$100K$0-$100K-$200KAssets 2012: $12,551Liabilities 2012: $39,880Net Assets 2012: -$27,3292012Assets 2013: $9,919Liabilities 2013: $23,346Net Assets 2013: -$13,4272013Assets 2014: $30,833Liabilities 2014: $22,594Net Assets 2014: $8,2392014Assets 2015: $28,089Liabilities 2015: $55,889Net Assets 2015: -$27,8002015Assets 2016: $13,376Liabilities 2016: $33,537Net Assets 2016: -$20,1612016Assets 2017: $14,744Liabilities 2017: $8,157Net Assets 2017: $6,5872017Assets 2018: $12,923Liabilities 2018: $49,890Net Assets 2018: -$36,9672018Assets 2019: $9,090Liabilities 2019: $82,385Net Assets 2019: -$73,2952019Assets 2020: $14,824Liabilities 2020: $119,494Net Assets 2020: -$104,6702020Assets 2021: $25,723Liabilities 2021: $135,007Net Assets 2021: -$109,2842021Assets 2022: $44,898Liabilities 2022: $53,874Net Assets 2022: -$8,9762022Assets 2023: $48,524Liabilities 2023: $80,540Net Assets 2023: -$32,0162023Assets 2024: $44,474Liabilities 2024: $48,771Net Assets 2024: -$4,2972024

Highlighted filing

2019

Assets$9,090
Liabilities$82,385
Net Assets-$73,295

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400K$200K$0-$200KExpenses 2012: $122,6332012Revenue 2013: $176,070Expenses 2013: $162,168Net Income 2013: $13,9022013Revenue 2014: $256,133Expenses 2014: $237,781Net Income 2014: $18,3522014Revenue 2015: $215,667Expenses 2015: $252,667Net Income 2015: -$37,0002015Revenue 2016: $249,903Expenses 2016: $245,422Net Income 2016: $4,4812016Revenue 2017: $319,803Expenses 2017: $293,055Net Income 2017: $26,7482017Revenue 2018: $325,420Expenses 2018: $368,974Net Income 2018: -$43,5542018Revenue 2019: $235,718Expenses 2019: $272,046Net Income 2019: -$36,3282019Revenue 2020: $173,814Expenses 2020: $205,189Net Income 2020: -$31,3752020Revenue 2021: $156,429Expenses 2021: $127,929Net Income 2021: $28,5002021Revenue 2022: $274,508Expenses 2022: $236,748Net Income 2022: $37,7602022Revenue 2023: $288,524Expenses 2023: $311,564Net Income 2023: -$23,0402023Revenue 2024: $357,067Expenses 2024: $329,348Net Income 2024: $27,7192024

Highlighted filing

2019

Revenue$235,718
Expenses$272,046
Net Income-$36,328
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Oct 11, 2020
Return Version
2018v3.2
Gross Receipts
$236,511
Mission and Program Overview

Mission

Community Arts Ballet

Community arts ballet. Professional performances, community outreach and educational programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Loans From Officers Directors$4,096$29,886▲ $25,790
Pledges and Grants Receivable$3,921$3,921→ $0
Inventories for Sale or Use$3,000$3,000→ $0
Savings and Temporary Cash Investments$4,563$887▼ $3,676
Land, Buildings, and Equipment, Net$1,439$882▼ $557
Prepaid Expenses and Deferred Charges-$400-
Total Assets$12,923$9,090▼ $3,833
Liabilities
Mortgage Notes Payable Secured by Investment Property$41,953$47,426▲ $5,473
Accounts Payable and Accrued Expenses$3,841$5,073▲ $1,232
Total Liabilities$49,890$82,385▲ $32,495
Net Assets / Fund Balance
Unrestricted Net Assets$-36,967$-73,295▼ $36,328
Total Net Assets Fund Balance$-36,967$-73,295▼ $36,328
Total Liabilities and Net Assets / Fund Balance$12,923$9,090▼ $3,833

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$882$30,303$31,185
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$74,595
Program Service Revenue
$161,122
Investment Income
$1
Other Revenue
$0
All Other Contributions
$47,089
Change in Net Assets
$-36,328
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$145,513
Other Expenses$126,533
Total Fundraising Expense$1,300
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$125,969$6,683$1,000$133,652
Occupancy$49,760$720-$50,480
Travel$25,725--$25,725
Payroll Taxes$11,168$593$100$11,861
Advertising$4,143--$4,143
Insurance$3,493$184-$3,677
Interest-$2,663-$2,663
Fees for Services Accounting-$1,820-$1,820
Other Expenses$15,054$1,819-$1,819
Office Expenses-$709$200$909
Depreciation Depletion$557--$557
All Other Expenses$237--$237
Total Functional Expenses$253,585$17,161$1,300$272,046
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$793
Fundraising Gross Income$793
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$4,096$29,886▲ $25,790
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
No
Backup withholding compliance
Yes
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
No
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, Page 6, Part VI, Line 11B

Governing body reviews form 990 before filling.

Form 990, Page 6, Part VI, Line 15A

Board reviews and approves all compensation

Form 990, Page 6, Part VI, Line 19

Governing documents are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Atlantic City Ballet
EIN
22-2411345
Phone
6098041277
Address
BOARDWALK HALL 2301 BOARDWALK, ATLANTIC CITY, NJ 08401

Signing Officer

Name
Peter Caporilli
Title
President
Phone
6098041277
Signed
2020-10-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Peter Caporilli
Formed
1982
Legal Domicile
Nj
Voting Board Members
17
Independent Board Members
17
Employees
22

Preparer

Firm
Fitzpatrick Bongiovanni & Kelly Pc
Address
PO BOX 942, MARMORA, NJ 08223
Preparer
Robert J Kelly Jr
Phone
6093908855
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine1Txt0LOAN PAYABLE - THE PERF ARTS ACADEMY
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0CASH FLOW NEEDS
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IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0ARTISTIC DIRECTOR'S BUSINESS LOANED 4096 TO THE ORGANIZATION FOR CASH FLOW NEEDS
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART V
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0GOVERNING BODY REVIEWS FORM 990 BEFORE FILLING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD REVIEWS AND APPROVES ALL COMPENSATION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
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