Civic Intelligence

Ballet Oklahoma Inc.

990 • Fiscal year 2022 • EIN 23-7003520

Jul 01, 2021 to Jun 30, 2022 • Filed on May 02, 2023

6800 N Classen BlvdOklahoma City, OK 73116

(405) 510-3684

Siviq Scores

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

Liabilities / Assets

31st percentile

0.05x

Higher debt load relative to assets than 31% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

30th percentile

0.09x

Higher debt load relative to revenue than 30% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Net Margin

77th percentile

26%

Higher net margin than 77% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

38th percentile

$144,808

Higher top officer pay than 38% of similar nonprofits.

Top officer pay equals 2.2% of source-year revenue.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Asset Growth

76th percentile

15%

Faster asset growth than 76% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

92nd percentile

95%

Faster revenue growth than 92% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Assets

Up

$11,290,114

Up $1,449,709 (+15%) from 2021

Net Assets

Up

$10,671,226

Up $1,760,756 (+20%) from 2021

Liabilities

Down

$618,888

Down $311,047 (-33%) from 2021

Revenue

Up

$6,558,215

Up $3,192,230 (+95%) from 2021

Expenses

Up

$4,856,713

Up $1,555,791 (+47%) from 2021

Net Income

Up

$1,701,502

Up $1,636,439 (+2515%) from 2021

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2010: $420,768Liabilities 2010: $95,409Net Assets 2010: $325,3592010Assets 2019: $9,416,486Liabilities 2019: $512,209Net Assets 2019: $8,904,2772019Assets 2020: $9,610,300Liabilities 2020: $948,080Net Assets 2020: $8,662,2202020Assets 2021: $9,840,405Liabilities 2021: $929,935Net Assets 2021: $8,910,4702021Assets 2022: $11,290,114Liabilities 2022: $618,888Net Assets 2022: $10,671,2262022Assets 2023: $11,698,479Liabilities 2023: $1,245,248Net Assets 2023: $10,453,2312023Assets 2024: $12,166,118Liabilities 2024: $1,272,381Net Assets 2024: $10,893,7372024

Highlighted filing

2022

Assets$11,290,114
Liabilities$618,888
Net Assets$10,671,226

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $1,850,4422010Revenue 2019: $3,883,355Expenses 2019: $4,070,709Net Income 2019: -$187,3542019Revenue 2020: $3,909,314Expenses 2020: $4,160,537Net Income 2020: -$251,2232020Revenue 2021: $3,365,985Expenses 2021: $3,300,922Net Income 2021: $65,0632021Revenue 2022: $6,558,215Expenses 2022: $4,856,713Net Income 2022: $1,701,5022022Revenue 2023: $5,190,308Expenses 2023: $5,673,574Net Income 2023: -$483,2662023Revenue 2024: $6,033,687Expenses 2024: $5,777,810Net Income 2024: $255,8772024

Highlighted filing

2022

Revenue$6,558,215
Expenses$4,856,713
Net Income$1,701,502
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 2, 2023
Return Version
2021v4.2
Gross Receipts
$6,885,616
Mission and Program Overview

Mission

Okc ballet promotes the art of dance by supporting a professional company and its productions, operating a school of ballet for dance artists, children, and novice adults, and providing community engagement activities.

Oklahoma city ballet inspires its audience through classical and contemporary dance performances, a strong educational program, and community engagement.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$7,139,075$7,581,309▲ $442,234
Pledges and Grants Receivable$86,416$1,158,664▲ $1,072,248
Investments in Publicly Traded Securities$748,214$977,716▲ $229,502
Cash and Non-Interest-Bearing Accounts$548,382$783,914▲ $235,532
Investments Other Securities$567,142$470,304▼ $96,838
Savings and Temporary Cash Investments$449,076$135,144▼ $313,932
Prepaid Expenses and Deferred Charges$111,829$111,471▼ $358
Inventories for Sale or Use$31,056$26,594▼ $4,462
Accounts Receivable$42,318$19,421▼ $22,897
Total Assets$9,840,405$11,290,114▲ $1,449,709
Other Assets Total$116,897$25,577▼ $91,320
Liabilities
Deferred Revenue$234,398$262,613▲ $28,215
Accounts Payable and Accrued Expenses$154,855$206,415▲ $51,560
Unsecured Notes Loans Payable$467,712$149,860▼ $317,852
Other Liabilities$72,970$0▼ $72,970
Total Liabilities$929,935$618,888▼ $311,047
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$8,304,036$9,205,284▲ $901,248
Net Assets With Donor Restrictions$606,434$1,465,942▲ $859,508
Total Net Assets Fund Balance$8,910,470$10,671,226▲ $1,760,756
Total Liabilities and Net Assets / Fund Balance$9,840,405$11,290,114▲ $1,449,709

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,964,577$472,614-
Other Land Buildings$189,990$132,514-
Land$2,041,743--
Equipment$341,427$754,134-
Leasehold Improvements$2,043,572$270,347-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jo Lynne JonesExecutive DirectorFT$136,441$8,367$144,808
Robert MillsArtistic DirectorFT$136,219$6,949$143,168

Board Members and Trustees

NameTitle
Stephanie NaifehBallet Ball Chair
Robin KriegerGovernance Chair
Kevin LaffertyPast President
Lisa MullenPresident
Betsy BrackettPresident-elect
Aimee HarlowTrustee
Ann VitaliTrustee
Brian BogertTrustee
Catherine CagigalTrustee
Cindi ShelbyTrustee
Gabrielle ButlerTrustee
Girma MoaningTrustee
Libby NelsonTrustee
Megan MeierTrustee
Nazette Zuhdi-cleaverTrustee
Nicholle EdwardsTrustee
Paige Williams ShepherdTrustee
Rich JohnsonTrustee
Sally StarlingTrustee
Scott ReedTrustee
Stephanie KazenskeTrustee
Suzanne ReynoldsTrustee
Lea MorganMember at Large
Mark MccoyMember at Large
Melissa ScaramucciMember at Large
Hilarie BlaneySecretary
Christopher LloydTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$4,207,974
Program Service Revenue
$2,145,852
Investment Income
$121,585
Other Revenue
$82,804
All Other Contributions
$2,282,054
Change in Net Assets
$1,701,502

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,547,430
Revenue Not Reported on Financial Statements
$10,785
Revenue Not Reported on Form 990
$121,268
Total Revenue per Audited Statements
$6,668,698
Total Revenue per Form 990
$6,558,215
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,600,739
Other Expenses$2,255,974
Total Fundraising Expense$295,272
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,633,006$115,956$209,236$1,958,198
All Other Expenses$263,390$12,699$7,001$283,090
Current Officers, Directors, Trustees, and Key Employees$143,189$131,923-$275,112
Depreciation Depletion$201,630$14,099$11,896$227,625
Royalties$198,171--$198,171
Payroll Taxes$151,133$24,395$20,590$196,118
Advertising$186,266-$221$186,487
Occupancy$108,787$41,403$2,181$152,371
Other Expenses$139,361$5,023$4,235$148,619
Other Employee Benefits$110,722$16,782$11,873$139,377
Fees for Services Other$77,864$21,125$303$99,292
Travel$97,279$587-$97,866
Office Expenses$30,009$9,380$21,217$60,606
Insurance$35,125$13,368$704$49,197
Fees for Services Legal-$40,758-$40,758
Pension Plan Contributions$25,369$3,845$2,720$31,934
Information Technology$11,331$13,790$3,095$28,216
Fees for Services Accounting-$12,000-$12,000
Fees for Service Investment Mgmnt Fees-$10,785-$10,785
Interest-$4,247-$4,247
Total Functional Expenses$4,069,276$492,165$295,272$4,856,713

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$4,907,943
Total Expenses per Form 990$4,856,713
Expenses per Audited Statements$4,845,928
Expenses Not Reported on Form 990$62,015
Expenses Not Reported on Financial Statements$10,785
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$137,087
Fundraising Gross Income$53,977
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Nutcracker Tea$24,200$24,200$5,917$18,283
Ballet Ball$388,600$19,125$14,394$4,731
Total Events$425,535$53,977$137,087$-83,110
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
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, Part VI, Section B, Line 11B

A copy of the form 990 has been reviewed by the finance director and executive director, and was subsequently presented to the board of directors.

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

Trustees, officers, & key employees are covered by the policy. The executive committee annually determines whether any conflicts exist, reviews any actual conflicts, and prohibits the respective person from participating in any actions involving the conflict.

Form 990, Part VI, Section B, Line 15A

Compensation of the artistic director and executive director are determined by the executive committee based on the compensation levels of similar artistic organizations in the community and budget restraints.

Form 990, Part VI, Section C, Line 19

No documents made available to the public.

Filing and Contact Details

Filer

Filer Name
Ballet Oklahoma Inc
EIN
23-7003520
Phone
4055103684
Address
6800 N CLASSEN BLVD, OKLAHOMA CITY, OK 73116
Doing Business As
Oklahoma City Ballet

Signing Officer

Name
Jo Lynne Jones
Title
Executive Director
Phone
4058439898
Signed
2023-05-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jo Lynne Jones
Formed
1969
Legal Domicile
Ok
Voting Board Members
27
Independent Board Members
27
Employees
67
Volunteers
65

Preparer

Firm
Arledge & Associates Pc
Address
309 N BRYANT AVENUE, EDMOND, OK 73034
Preparer
Josh Mullins
Phone
4053480615
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

This process has not changed from the previous year.

Financial Statement Notes

PART X, LINE 2:

Ballet oklahoma, inc. Has qualified as a tax-exempt, not-for-profit organization under internal revenue code section 501 (c)(3) under a final ruling by the internal revenue service dated may 1994, and is classified as a publicly supported organization within the meaning of code section 509 (a) (1). The ballet is not classified as a private foundation within the meaning as described in the internal revenue code sections 509(a)(1) and 170(b)(1)(a)(vi), and qualifies as a 50% limit organization for charitable contribution deductions for individual donors. The ballet evaluates and accounts for its uncertain tax positions in accordance with asc topic 740, income taxes, including the ballets tax position as a not-for-profit entity. Through its evaluation of their uncertain tax positions, management has determined no uncertain tax positions existed as of june 30, 2020, which would require the ballet to record a liability for the uncertain tax positions in its financial statements. Interest and penalties, if any, resulting from any uncertain tax position required to be recorded by the ballet would be presented in the supporting services expense in the statement of activities. Federal and state income tax statutes dictate that tax returns filed in any of the previous three reporting periods remain open to examination. Currently, the ballet has no open examinations with either the internal revenue service or the oklahoma tax commission.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Cost of goods sold included in revenue 62,015.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Cost of goods sold included in revenue 62,015.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT-ELECT
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3PAST PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt4MEMBER AT LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt5PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt6MEMBER AT LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt7MEMBER AT LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt8GOVERNANCE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt9BALLET BALL CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt16TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt17TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt18TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt19TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt20TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt21TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt22TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt23TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt24TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt25TRUSTEE
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IRS990/MissionDesc0OKC BALLET PROMOTES THE ART OF DANCE BY SUPPORTING A PROFESSIONAL COMPANY AND ITS PRODUCTIONS, OPERATING A SCHOOL OF BALLET FOR DANCE ARTISTS, CHILDREN, AND NOVICE ADULTS, AND PROVIDING COMMUNITY ENGAGEMENT ACTIVITIES.
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