Civic Intelligence

Ballet Virginia

EIN 26-2443093 • 501(c)3 • Norfolk, VA

Profile

The mission of ballet virginia is to provide classical ballet performances and instruction to the hampton roads area.

700 West 21st StreetNorfolk, VA 23517

www.balletvirginia.org

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.47x

Higher debt load relative to assets than 82% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

66th percentile

0.20x

Higher debt load relative to revenue than 66% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Net Margin

55th percentile

6.7%

Higher net margin than 55% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

Score unavailable

No value available

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

Asset Growth

89th percentile

47%

Faster asset growth than 89% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2025

Revenue Growth

36th percentile

0.5%

Faster revenue growth than 36% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2025

Assets

Down

$553,470

Down $137,437 (-20%) from 2024

Liabilities

Down

$258,452

Down $223,031 (-46%) from 2024

Net Assets

Up

$295,018

Up $85,594 (+41%) from 2024

Revenue

Up

$1,279,338

Up $73,333 (+6.1%) from 2024

Expenses

Down

$1,193,744

Down $60,364 (-4.8%) from 2024

Net Income

Up

$85,594

Up $133,697 (+278%) from 2024

Trend Graphs

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2018: $325,225Liabilities 2018: $49,216Net Assets 2018: $276,0092018Assets 2021: $205,568Liabilities 2021: $106,981Net Assets 2021: $98,5872021Assets 2022: $278,042Liabilities 2022: $4,721Net Assets 2022: $273,3212022Assets 2023: $257,775Liabilities 2023: $248Net Assets 2023: $257,5272023Assets 2024: $690,907Liabilities 2024: $481,483Net Assets 2024: $209,4242024Assets 2025: $553,470Liabilities 2025: $258,452Net Assets 2025: $295,0182025

Highlighted filing

2025

Assets$553,470
Liabilities$258,452
Net Assets$295,018

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2018: $783,759Expenses 2018: $711,330Net Income 2018: $72,4292018Revenue 2021: $820,928Expenses 2021: $815,285Net Income 2021: $5,6432021Revenue 2022: $1,188,298Expenses 2022: $1,013,564Net Income 2022: $174,7342022Revenue 2023: $1,265,856Expenses 2023: $1,281,650Net Income 2023: -$15,7942023Revenue 2024: $1,206,005Expenses 2024: $1,254,108Net Income 2024: -$48,1032024Revenue 2025: $1,279,338Expenses 2025: $1,193,744Net Income 2025: $85,5942025

Highlighted filing

2025

Revenue$1,279,338
Expenses$1,193,744
Net Income$85,594

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Jan 27, 2026
Return Version
2024v5.2
Gross Receipts
$1,279,338
Mission and Program Overview

Mission

The mission of ballet virginia is to provide classical ballet performances and instruction to the hampton roads area.

Ballet virginia (bv) is a regional ballet company with an associated academy. Bv provide quality professional productions/performances and training for classical dancers in the hampton roads community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$160,248$241,842▲ $81,594
Land, Buildings, and Equipment, Net$54,067$58,115▲ $4,048
Accounts Receivable$809$809→ $0
Total Assets$690,907$553,470▼ $137,437
Other Assets Total$475,783$252,704▼ $223,079
Liabilities
Other Liabilities$469,450$246,371▼ $223,079
Accounts Payable and Accrued Expenses$12,033$12,081▲ $48
Total Liabilities$481,483$258,452▼ $223,031
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$209,424$295,018▲ $85,594
Total Net Assets Fund Balance$209,424$295,018▲ $85,594
Total Liabilities and Net Assets / Fund Balance$690,907$553,470▼ $137,437

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$21,413$155,460$176,873
Leasehold Improvements$36,702$98,728$135,430
Land$0--
Other Assets Org$6,333--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Elbert WatsonGuild Chair
Gene HansenGuild Chair
April WoodardBoard Member
Ashton SniedermanBoard Member
Grace AtkinsonBoard Member
Jane BrayBoard Member
Michael LevyBoard Member
Nancy MinquezBoard Member
Patrick FrancisBoard Member
Paul McgovernBoard Member
Janina MichalskiCo-artistic Director
Suzanne LownsburyCo-artistic Director
Revenue and Support

Revenue Composition

Contributions and Grants
$167,530
Program Service Revenue
$1,110,118
Investment Income
$65
Other Revenue
$1,625
All Other Contributions
$77,530
Change in Net Assets
$85,594

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,279,337
Revenue Not Reported on Financial Statements
$1
Revenue Not Reported on Form 990
$25,271
Other Revenue Adjustments
$1
Total Revenue per Audited Statements
$1,304,608
Total Revenue per Form 990
$1,279,338
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$625,872
Other Expenses$567,872
Total Fundraising Expense$31,142
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$297,176$70,882$7,752$375,810
Occupancy$176,520$87,484$7,914$271,918
Current Officers, Directors, Trustees, and Key Employees$45,720$99,060$7,620$152,400
All Other Expenses$111,279$19,731$1,786$132,796
Other Employee Benefits$32,402$19,280$1,810$53,492
Payroll Taxes$29,368$13,587$1,215$44,170
Advertising$24,704$12,243$1,108$38,055
Fees for Services Other$15,956$5,908$715$22,579
Travel$9,421$4,672$421$14,514
Office Expenses$7,236$3,586$324$11,146
Depreciation Depletion$6,103$3,025$274$9,402
Insurance$2,270$1,125$102$3,497
Other Expenses$326$161$15$502
Interest$324$161$15$500
Total Functional Expenses$820,908$341,694$31,142$1,193,744

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,219,015
Expenses per Audited Statements$1,193,744
Total Expenses per Form 990$1,193,744
Expenses Not Reported on Form 990$25,271
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
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
-Husband of EmployeeGraphic DesignNo$5,165
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liability$246,371
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Ballet Virginia
EIN
26-2443093
Phone
7574461401
Address
700 WEST 21ST STREET, NORFOLK, VA 23517

Signing Officer

Name
Janina Michalski
Title
Co-artistic Director
Phone
7574461401
Signed
2026-01-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Janina Michalski
Formed
2008
Legal Domicile
Va
Voting Board Members
13
Independent Board Members
11
Employees
41
Volunteers
140

Preparer

Firm
Finn Gartman Hart Plc
Address
1604 HILLTOP W EXEC CTR STE 208, VIRGINIA BEACH, VA 23451
Preparer
Michael D Gartman
Phone
7574251532
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

Our cpa completes their audit and discusses with the co-artistic director prior to preparing the 990. Once the return is completed, a copy is emailed to the board for their final review. Once the review is completed and any corrections are made, the return is signed and submitted to the irs.

Pt VI, Line 15A

The board reviews and votes on all salary raises for the artistic directors.

Pt VI, Line 15B

The salaries and raises for all employees are set by the artistic directors

Pt VI, Line 19

Governing documents are kept in the artistic directors office and are available to the public upon request.

Form 990, Part IX, Line 24E

Taxes and licenses 14867. 9651. 4783. 433.

Form 990, Part IX, Line 24E

Bank charges 2973. 1930. 956. 87.

Form 990, Part IX, Line 24E

Theater expenses 71465. 71465. 0. 0.

Form 990, Part IX, Line 24E

Student enrichment 0. 0. 0. 0.

Form 990, Part IX, Line 24E

Merchant service fees 20966. 13611. 6745. 610.

Form 990, Part IX, Line 24E

Utilities and telephone 18716. 12150. 6021. 545.

Form 990, Part IX, Line 24E

Meals 1066. 692. 343. 31.

Form 990, Part IX, Line 24E

Professional development 400. 259. 129. 12.

Form 990, Part IX, Line 24E

Dues and subscriptions 2343. 1521. 754. 68.

Financial Statement Notes

Pt XI, Line 4B

Rounding

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IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt032402
IRS990/OtherEmployeeBenefitsGrp/TotalAmt053492
IRS990/OtherExpensesGrp/Desc0GUEST ARTISTS
IRS990/OtherExpensesGrp/Desc1CONTRACTED SERVICES
IRS990/OtherExpensesGrp/Desc2REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc3SECURITY
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt271
IRS990/OtherExpensesGrp/FundraisingAmt315
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2789
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3161
IRS990/OtherExpensesGrp/ProgramServicesAmt07000
IRS990/OtherExpensesGrp/ProgramServicesAmt153510
IRS990/OtherExpensesGrp/ProgramServicesAmt21593
IRS990/OtherExpensesGrp/ProgramServicesAmt3326
IRS990/OtherExpensesGrp/TotalAmt07000
IRS990/OtherExpensesGrp/TotalAmt153510
IRS990/OtherExpensesGrp/TotalAmt22453
IRS990/OtherExpensesGrp/TotalAmt3502
IRS990/OtherLiabilitiesGrp/BOYAmt0469450
IRS990/OtherLiabilitiesGrp/EOYAmt0246371
IRS990/OtherRevenueTotalAmt01625
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt07752
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt070882
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0297176
IRS990/OtherSalariesAndWagesGrp/TotalAmt0375810
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt01215
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt013587
IRS990/PayrollTaxesGrp/ProgramServicesAmt029368
IRS990/PayrollTaxesGrp/TotalAmt044170
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0JANINA MICHALSKI
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0187202
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0131
IRS990/PYOtherExpensesAmt0533371
IRS990/PYOtherRevenueAmt0403
IRS990/PYProgramServiceRevenueAmt01044634
IRS990/PYRevenuesLessExpensesAmt0-48103
IRS990/PYSalariesCompEmpBnftPaidAmt0747102
IRS990/PYTotalExpensesAmt01280473
IRS990/PYTotalRevenueAmt01232370
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt085594
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01091006
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0192801
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0187202
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0276981
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0292649
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt087549
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01037182
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt065
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0131
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt026
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt03
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0225
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01111743
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01045037
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0989003
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0895646
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0733379
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt04774808
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt065
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0131
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt026
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt03
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0225
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt05811990
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01304544
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01232239
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01265984
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01188295
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0820928
IRS990ScheduleA/Total509Grp/TotalAmt05811990
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt05812215
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt025271
IRS990ScheduleD/DonatedServicesUseFcltsAmt025271
IRS990ScheduleD/EquipmentGrp/BookValueAmt021413
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0155460
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0176873
IRS990ScheduleD/ExpensesNotReportedAmt025271
IRS990ScheduleD/ExpensesSubtotalAmt01193744
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt036702
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt098728
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0135430
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0246371
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt16333
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RIGHT OF USE ASSET
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0246371
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OPERATING LEASE LIABILITY
IRS990ScheduleD/OtherRevenuesNotIncludedAmt01
IRS990ScheduleD/RevenueNotReportedAmt025271
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt01
IRS990ScheduleD/RevenueSubtotalAmt01279337
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Rounding
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt XI, Line 4b
IRS990ScheduleD/TotalBookValueLandBuildingsAmt058115
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0252704
IRS990ScheduleD/TotalExpensesPerForm990Amt01193744
IRS990ScheduleD/TotalLiabilityAmt0246371
IRS990ScheduleD/TotalRevenuePerForm990Amt01279338
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01304608
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01219015
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0EVOLV DESIGN INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0HUSBAND OF EMPLOYEE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt05165
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0GRAPHIC DESIGN
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OUR CPA COMPLETES THEIR AUDIT AND DISCUSSES WITH THE CO-ARTISTIC DIRECTOR PRIOR TO PREPARING THE 990. ONCE THE RETURN IS COMPLETED, A COPY IS EMAILED TO THE BOARD FOR THEIR FINAL REVIEW. ONCE THE REVIEW IS COMPLETED AND ANY CORRECTIONS ARE MADE, THE RETURN IS SIGNED AND SUBMITTED TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD REVIEWS AND VOTES ON ALL SALARY RAISES FOR THE ARTISTIC DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE SALARIES AND RAISES FOR ALL EMPLOYEES ARE SET BY THE ARTISTIC DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS ARE KEPT IN THE ARTISTIC DIRECTORS OFFICE AND ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4TAXES AND LICENSES 14867. 9651. 4783. 433.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5BANK CHARGES 2973. 1930. 956. 87.

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