Civic Intelligence

Ballet Virginia

990 • Fiscal year 2024 • EIN 26-2443093

Jul 01, 2023 to Jun 30, 2024 • Filed on Jan 15, 2025

700 West 21st StreetNorfolk, VA 23517

(757) 446-1401

Siviq Scores

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

Liabilities / Assets

89th percentile

0.70x

Higher debt load relative to assets than 89% of similar nonprofits.

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

Liabilities / Revenue

78th percentile

0.40x

Higher debt load relative to revenue than 78% of similar nonprofits.

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

Net Margin

30th percentile

-4.0%

Higher net margin than 30% of similar nonprofits.

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

Top Officer Pay

56th percentile

$77,075

Higher top officer pay than 56% of similar nonprofits.

Top officer pay equals 6.4% of source-year revenue.

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

Asset Growth

97th percentile

168%

Faster asset growth than 97% of similar nonprofits.

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

Revenue Growth

28th percentile

-4.7%

Faster revenue growth than 28% of similar nonprofits.

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

Assets

Up

$690,907

Up $433,132 (+168%) from 2023

Net Assets

Down

$209,424

Down $48,103 (-19%) from 2023

Liabilities

Up

$481,483

Up $481,235 (+194046%) from 2023

Revenue

Down

$1,206,005

Down $59,851 (-4.7%) from 2023

Expenses

Down

$1,254,108

Down $27,542 (-2.1%) from 2023

Net Income

Down

-$48,103

Down $32,309 (-205%) from 2023

Historical Trend

Balance Sheet Trend

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

$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

2024

Assets$690,907
Liabilities$481,483
Net Assets$209,424

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2024

Revenue$1,206,005
Expenses$1,254,108
Net Income-$48,103
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Jan 15, 2025
Return Version
2023v6.0
Gross Receipts
$1,206,005
Mission and Program Overview

Mission

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$188,644$160,248▼ $28,396
Land, Buildings, and Equipment, Net$61,989$54,067▼ $7,922
Accounts Receivable$809$809→ $0
Total Assets$257,775$690,907▲ $433,132
Other Assets Total$6,333$475,783▲ $469,450
Liabilities
Other Liabilities-$469,450-
Accounts Payable and Accrued Expenses$248$12,033▲ $11,785
Total Liabilities$248$481,483▲ $481,235
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$257,527$209,424▼ $48,103
Total Net Assets Fund Balance$257,527$209,424▼ $48,103
Total Liabilities and Net Assets / Fund Balance$257,775$690,907▲ $433,132

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$10,205$153,218$163,423
Leasehold Improvements$43,862$91,568$135,430
Land$0--
Other Assets Org$6,333--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Janina MichalskiCo-artistic DirectorFT$77,075$77,075
Suzanne LownsburyCo-artistic DirectorFT$76,750$76,750

Board Members and Trustees

NameTitle
Denise WesselerGuild Chair
Jennifer SwetsGuild Chair
April WoodardBoard Member
Ashton SniedermanBoard Member
James PriceBoard Member
Jane BrayBoard Member
Lara PhamBoard Member
Michael LevyBoard Member
Nancy MinquezBoard Member
Patrick FrancisBoard Member
Paul McgovernBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$160,837
Program Service Revenue
$1,044,634
Investment Income
$131
Other Revenue
$403
All Other Contributions
$92,537
Change in Net Assets
$-48,103

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,206,005
Revenue Not Reported on Form 990
$26,366
Total Revenue per Audited Statements
$1,232,371
Total Revenue per Form 990
$1,206,005
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$747,102
Other Expenses$507,006
Total Fundraising Expense$47,801
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$413,571$48,105$23,466$485,142
Occupancy$194,066$58,406$10,676$263,148
Current Officers, Directors, Trustees, and Key Employees$42,326$107,661$3,838$153,825
All Other Expenses$97,188$10,850$1,983$110,021
Payroll Taxes$40,472$12,180$2,227$54,879
Other Employee Benefits$35,727$15,554$1,975$53,256
Advertising$22,842$6,874$1,257$30,973
Office Expenses$14,541$4,376$800$19,717
Fees for Services Other$13,183$3,967$725$17,875
Depreciation Depletion$5,842$1,758$321$7,921
Insurance$2,434$732$134$3,300
Travel$469$141$26$636
Other Expenses$389$117$21$527
Interest$228$68$13$309
Total Functional Expenses$933,663$272,644$47,801$1,254,108

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,280,474
Expenses per Audited Statements$1,254,108
Total Expenses per Form 990$1,254,108
Expenses Not Reported on Form 990$26,366
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$6,266
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liability$469,450
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
2025-01-15
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
48
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.

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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/OtherEmployeeBenefitsGrp/TotalAmt053256
IRS990/OtherExpensesGrp/Desc0GUEST ARTISTS
IRS990/OtherExpensesGrp/Desc1CONTRACTED SERVICES
IRS990/OtherExpensesGrp/Desc2REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc3SECURITY
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt1199
IRS990/OtherExpensesGrp/FundraisingAmt2140
IRS990/OtherExpensesGrp/FundraisingAmt321
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11091
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2764
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3117
IRS990/OtherExpensesGrp/ProgramServicesAmt044221
IRS990/OtherExpensesGrp/ProgramServicesAmt13625
IRS990/OtherExpensesGrp/ProgramServicesAmt22539
IRS990/OtherExpensesGrp/ProgramServicesAmt3389
IRS990/OtherExpensesGrp/TotalAmt044221
IRS990/OtherExpensesGrp/TotalAmt14915
IRS990/OtherExpensesGrp/TotalAmt23443
IRS990/OtherExpensesGrp/TotalAmt3527
IRS990/OtherLiabilitiesGrp/EOYAmt0469450
IRS990/OtherRevenueTotalAmt0403
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt023466
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt048105
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0413571
IRS990/OtherSalariesAndWagesGrp/TotalAmt0485142
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt02227
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt012180
IRS990/PayrollTaxesGrp/ProgramServicesAmt040472
IRS990/PayrollTaxesGrp/TotalAmt054879
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0JANINA MICHALSKI
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0276981
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0-128
IRS990/PYOtherExpensesAmt0528671
IRS990/PYOtherRevenueAmt02350
IRS990/PYProgramServiceRevenueAmt0986653
IRS990/PYRevenuesLessExpensesAmt0-15794
IRS990/PYSalariesCompEmpBnftPaidAmt0752979
IRS990/PYTotalExpensesAmt01281650
IRS990/PYTotalRevenueAmt01265856
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-48103
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0982825
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0160837
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0276981
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0292649
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt087549
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0119946
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0937962
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0131
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt026
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt03
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0160
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01045037
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0989003
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0895646
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0733379
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0736724
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt04399789
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0131
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt026
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt03
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0160
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt05337751
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01205874
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01265984
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01188295
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0820928
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0856670
IRS990ScheduleA/Total509Grp/TotalAmt05337751
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt05337911
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt026366
IRS990ScheduleD/DonatedServicesUseFcltsAmt026366
IRS990ScheduleD/EquipmentGrp/BookValueAmt010205
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0153218
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0163423
IRS990ScheduleD/ExpensesNotReportedAmt026366
IRS990ScheduleD/ExpensesSubtotalAmt01254108
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt043862
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt091568
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0135430
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0469450
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt16333
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RIGHT OF USE ASSET
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0469450
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OPERATING LEASE LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt026366
IRS990ScheduleD/RevenueSubtotalAmt01206005
IRS990ScheduleD/TotalBookValueLandBuildingsAmt054067
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0475783
IRS990ScheduleD/TotalExpensesPerForm990Amt01254108
IRS990ScheduleD/TotalLiabilityAmt0469450
IRS990ScheduleD/TotalRevenuePerForm990Amt01206005
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01232371
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01280474
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0EVOLV DESIGN INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0HUSBAND OF EMPLOYEE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt06266
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/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0VA
IRS990/SubjectToExcsTaxNetInvstIncInd0false

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