Civic Intelligence

The Cincinnati Ballet Foundation Inc

EIN 27-1485784 • 501(c)3 • Cincinnati, OH

Profile

Supporting organization of Cincinnati Ballet Company, Inc.

1801 Gilbert AveCincinnati, OH 45202

n/a

Siviq Scores

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

Liabilities / Assets

5th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

6th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

74th percentile

21%

Higher net margin than 74% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

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

Asset Growth

49th percentile

4.7%

Faster asset growth than 49% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2024

Revenue Growth

11th percentile

-23%

Faster revenue growth than 11% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2024

Assets

Up

$16,129,293

Up $1,132,775 (+7.6%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$16,129,293

Up $1,132,775 (+7.6%) from 2023

Revenue

Up

$1,165,185

Up $1,529,957 (+419%) from 2023

Expenses

Up

$924,109

Up $166,476 (+22%) from 2023

Net Income

Up

$241,076

Up $1,363,481 (+121%) from 2023

Trend Graphs

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2015: $10,401,688Liabilities 2015: $0Net Assets 2015: $10,401,6882015Assets 2016: $11,468,345Liabilities 2016: $0Net Assets 2016: $11,468,3452016Assets 2017: $13,416,754Liabilities 2017: $0Net Assets 2017: $13,416,7542017Assets 2018: $14,504,457Liabilities 2018: $0Net Assets 2018: $14,504,4572018Assets 2019: $14,701,469Liabilities 2019: $0Net Assets 2019: $14,701,4692019Assets 2020: $14,046,592Liabilities 2020: $0Net Assets 2020: $14,046,5922020Assets 2021: $16,390,010Liabilities 2021: $0Net Assets 2021: $16,390,0102021Assets 2022: $14,710,386Liabilities 2022: $0Net Assets 2022: $14,710,3862022Assets 2023: $14,996,518Liabilities 2023: $0Net Assets 2023: $14,996,5182023Assets 2024: $16,129,293Liabilities 2024: $0Net Assets 2024: $16,129,2932024

Highlighted filing

2024

Assets$16,129,293
Liabilities$0
Net Assets$16,129,293

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2015: $10,189,527Expenses 2015: $67,439Net Income 2015: $10,122,0882015Revenue 2016: $1,393,356Expenses 2016: $235,584Net Income 2016: $1,157,7722016Revenue 2017: $722,394Expenses 2017: $379,129Net Income 2017: $343,2652017Revenue 2018: $1,643,733Expenses 2018: $545,252Net Income 2018: $1,098,4812018Revenue 2019: $771,425Expenses 2019: $642,738Net Income 2019: $128,6872019Revenue 2020: $1,180,727Expenses 2020: $1,789,799Net Income 2020: -$609,0722020Revenue 2021: $1,202,932Expenses 2021: $666,222Net Income 2021: $536,7102021Revenue 2022: $1,946,842Expenses 2022: $703,663Net Income 2022: $1,243,1792022Revenue 2023: -$364,772Expenses 2023: $757,633Net Income 2023: -$1,122,4052023Revenue 2024: $1,165,185Expenses 2024: $924,109Net Income 2024: $241,0762024

Highlighted filing

2024

Revenue$1,165,185
Expenses$924,109
Net Income$241,076

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Aug 1, 2023 to Jul 31, 2024
Signed
May 2, 2025
Return Version
2023v6.0
Gross Receipts
$3,351,443
Mission and Program Overview

Mission

Supporting organization of Cincinnati Ballet Company, Inc.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$13,621,518$14,879,293▲ $1,257,775
Other Notes and Loans Receivable, Net$1,375,000$1,250,000▼ $125,000
Total Assets$14,996,518$16,129,293▲ $1,132,775
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$8,603,972$9,161,218▲ $557,246
Net Assets Without Donor Restrictions$6,392,546$6,968,075▲ $575,529
Total Net Assets Fund Balance$14,996,518$16,129,293▲ $1,132,775
Total Liabilities and Net Assets / Fund Balance$14,996,518$16,129,293▲ $1,132,775

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$13,621,518$187,890▲ $1,993,996-$14,879,293
2022$13,210,386$25,290▲ $1,143,476-$13,621,518
2021$14,890,009$263,128▼ $1,239,090-$13,210,386
2020$12,546,592$56,030▲ $2,953,610-$14,890,009
2019$14,701,470$181,286▲ $931,135$3,218,604$12,546,592
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jennifer SteinChair
Deborah S Brant - Start 0324Director/President/CEO
Joe DehnerDirector
Joel StoneDirector
Kristin FishbaughDirector
Rhonda SheakleyDirector
T QuinnDirector
Scott AltmanDirector - Exit 12/23
Alex MunozDirector - Start 08/23
Emerson MoserDirector - Start 08/23
Jennifer DamianoDirector - Start 08/23
Jodi GeiserDirector - Start 08/23
Kelly BrownDirector - Start 08/23
Madelynn MatlockTreasurer
Joseph CarolinVP Finance/CFO
Revenue and Support

Revenue Composition

Contributions and Grants
$187,890
Program Service Revenue
$0
Investment Income
$977,295
Other Revenue
$0
All Other Contributions
$187,890
Change in Net Assets
$241,076

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,108,116
Revenue Not Reported on Financial Statements
$57,069
Revenue Not Reported on Form 990
$891,699
Total Revenue per Audited Statements
$1,999,815
Total Revenue per Form 990
$1,165,185
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$867,040
Other Expenses$57,069
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$867,040--$867,040
Fees for Service Investment Mgmnt Fees-$57,069-$57,069
Total Functional Expenses$867,040$57,069$0$924,109

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$924,109
Expenses per Audited Statements$867,040
Total Expenses per Audited Statements$867,040
Expenses Not Reported on Financial Statements$57,069
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Cincinnati Ballet Company IncCincinnati, OH501(c)(3)Operation Assistance$867,040
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 8B

No Committee's, just the Board

Form 990, Part VI, Section B, line 11B

The IRS Form 990 will be provided to the Board for review prior to filing with the IRS.

Form 990, Part VI, Section C, line 19

The governing documents are available on the Secretary of State's website. The conflict of interest policy and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
The Cincinnati Ballet Foundation Inc
EIN
27-1485784
Phone
5137443306
Address
1801 Gilbert Ave, Cincinnati, OH 45202

Signing Officer

Name
Jennifer Stein
Title
Chairman
Phone
5137443306
Signed
2025-05-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jennifer Stein
Formed
2013
Legal Domicile
Oh
Voting Board Members
13
Independent Board Members
12
Employees
0
Volunteers
14

Preparer

Firm
Barnes Dennig & Co LTD
Address
150 East Fourth Street, Cincinnati, OH 45202
Preparer
Paula Hume
Phone
5132418313
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C:

The organization did not change its oversight or selection process during the tax year.

Financial Statement Notes

Part V, Line 4:

The Organization's primary objective for the endowment fund is to grow the investments in a prudent manner without undue exposure to risk and to provide the Organization an ongoing source of funds for operations in an amount that is limited on an annual basis to 5% or less of the endowment market value. The growth objective should be accomplished through a balanced strategy of cash, fixed income, equities and other alternative investments.

Part X, Line 2:

The Ballet, The Foundation and The Holding Company are exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code and a similar provision of Ohio law. However, The Ballet, the Foundation and The Holding Company are subject to federal income tax on any unrelated business taxable income. The Organization's tax returns are subject to review and examination by federal, state, and local authorities. The Organization believes they have appropriate support for any tax positions taken, and therefore, do not have any uncertain tax positions that are material to the financial statements.

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IRS990/ReconcilationRevenueExpnssAmt0241076
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
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IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0316050354
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd07
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0867040
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0Cincinnati Ballet Company Inc
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt0867040
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.38000
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt057071
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt013621518
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0187890
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt014879293
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt0867040
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt01993996
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt055210
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IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt025290
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IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt061388
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IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0263128
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt013210386
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IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt051823
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IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0181286
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IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt057069
IRS990ScheduleD/ExpensesSubtotalAmt0867040
IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/InvestmentExpensesNotIncldAmt057069
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0891699
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.49000
IRS990ScheduleD/RevenueNotReportedAmt0891699
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt057069
IRS990ScheduleD/RevenueSubtotalAmt01108116
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization's primary objective for the endowment fund is to grow the investments in a prudent manner without undue exposure to risk and to provide the Organization an ongoing source of funds for operations in an amount that is limited on an annual basis to 5% or less of the endowment market value. The growth objective should be accomplished through a balanced strategy of cash, fixed income, equities and other alternative investments.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1The Ballet, The Foundation and The Holding Company are exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code and a similar provision of Ohio law. However, The Ballet, the Foundation and The Holding Company are subject to federal income tax on any unrelated business taxable income. The Organization's tax returns are subject to review and examination by federal, state, and local authorities. The Organization believes they have appropriate support for any tax positions taken, and therefore, do not have any uncertain tax positions that are material to the financial statements.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part X, Line 2:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.13000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0924109
IRS990ScheduleD/TotalRevenuePerForm990Amt01165185
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01999815
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0867040
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0867040
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Operation Assistance
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Cincinnati Ballet Company Inc
IRS990ScheduleI/RecipientTable/RecipientEIN0316050354
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01801 Gilbert Ave
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Cincinnati
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0OH
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd045202
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0The Foundation provides operating assistance to the Cincinnati Ballet. The Foundation board approves a rolling 12 quarter calculation each year for the approved grant to the Ballet during the fiscal year. The Foundation also made a $250,000 contribution to the Ballet in honor of its' 60th Season in 2024.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2:
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IRS990ScheduleJ/AnyNonFixedPaymentsInd00
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IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0274356
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1140124
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt05824
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt16416
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00

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