Civic Intelligence

Festival Ballet Albuquerque

990 • Fiscal year 2015 • EIN 27-1993089

Jan 01, 2015 to Dec 31, 2015 • Filed on Jun 15, 2016

535 Black Bear Rd NEAlbuquerque, NM 87122

(505) 440-6330

Siviq Scores

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

Liabilities / Assets

87th percentile

0.59x

Higher debt load relative to assets than 87% of similar nonprofits.

2015 filings • NTEE A • <$500k nonprofits • Source year 2015

Liabilities / Revenue

81st percentile

0.12x

Higher debt load relative to revenue than 81% of similar nonprofits.

2015 filings • NTEE A • <$500k nonprofits • Source year 2015

Net Margin

25th percentile

-8.5%

Higher net margin than 25% of similar nonprofits.

2015 filings • NTEE A • <$500k nonprofits • Source year 2015

Top Officer Pay

80th percentile

$11,778

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 8.3% of source-year revenue.

2015 filings • NTEE A • <$500k nonprofits • Source year 2015

Asset Growth

15th percentile

-30%

Faster asset growth than 15% of similar nonprofits.

2015 filings • NTEE A • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

30th percentile

-13%

Faster revenue growth than 30% of similar nonprofits.

2015 filings • NTEE A • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Down

$28,202

Down $12,357 (-30%) from 2014

Net Assets

Down

$11,505

Down $12,015 (-51%) from 2014

Liabilities

Down

$16,697

Down $342 (-2.0%) from 2014

Revenue

Down

$141,628

Down $20,600 (-13%) from 2014

Expenses

Down

$153,643

Down $14,050 (-8.4%) from 2014

Net Income

Down

-$12,015

Down $6,550 (-120%) from 2014

Historical Trend

Balance Sheet Trend

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

$100K$50K$0Assets 2010: $6,952Net Assets 2010: $6,9522010Assets 2011: $43,391Liabilities 2011: $9,250Net Assets 2011: $34,1412011Assets 2012: $50,004Liabilities 2012: $7,299Net Assets 2012: $42,7052012Assets 2013: $44,492Liabilities 2013: $15,507Net Assets 2013: $28,9852013Assets 2014: $40,559Liabilities 2014: $17,039Net Assets 2014: $23,5202014Assets 2015: $28,202Liabilities 2015: $16,697Net Assets 2015: $11,5052015Assets 2016: $22,279Liabilities 2016: $19,228Net Assets 2016: $3,0512016Assets 2017: $26,199Liabilities 2017: $19,535Net Assets 2017: $6,6642017Assets 2018: $42,811Liabilities 2018: $15,893Net Assets 2018: $26,9182018Assets 2019: $44,132Liabilities 2019: $94Net Assets 2019: $44,0382019Assets 2020: $90,709Liabilities 2020: $5Net Assets 2020: $90,7042020Assets 2021: $30,736Liabilities 2021: $9Net Assets 2021: $30,7272021Assets 2022: $44,480Liabilities 2022: $23Net Assets 2022: $44,4572022Assets 2023: $75,030Liabilities 2023: $27Net Assets 2023: $75,0032023Assets 2024: $16,846Liabilities 2024: $28Net Assets 2024: $16,8182024Assets 2025: $38,593Liabilities 2025: $7,982Net Assets 2025: $30,6112025

Highlighted filing

2015

Assets$28,202
Liabilities$16,697
Net Assets$11,505

Operations Trend

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

$400K$200K$0-$200KRevenue 2010: $53,818Expenses 2010: $46,866Net Income 2010: $6,9522010Revenue 2011: $122,418Expenses 2011: $95,229Net Income 2011: $27,1892011Expenses 2012: $189,3312012Revenue 2013: $165,678Expenses 2013: $179,398Net Income 2013: -$13,7202013Revenue 2014: $162,228Expenses 2014: $167,693Net Income 2014: -$5,4652014Revenue 2015: $141,628Expenses 2015: $153,643Net Income 2015: -$12,0152015Revenue 2016: $169,420Expenses 2016: $177,761Net Income 2016: -$8,3412016Revenue 2017: $171,908Expenses 2017: $168,083Net Income 2017: $3,8252017Revenue 2018: $219,419Expenses 2018: $199,108Net Income 2018: $20,3112018Revenue 2019: $399,268Expenses 2019: $382,067Net Income 2019: $17,2012019Revenue 2020: $192,700Expenses 2020: $146,034Net Income 2020: $46,6662020Revenue 2021: $124,006Expenses 2021: $183,983Net Income 2021: -$59,9772021Revenue 2022: $261,402Expenses 2022: $247,672Net Income 2022: $13,7302022Revenue 2023: $346,440Expenses 2023: $315,894Net Income 2023: $30,5462023Revenue 2024: $178,872Expenses 2024: $237,057Net Income 2024: -$58,1852024Revenue 2025: $261,013Expenses 2025: $247,220Net Income 2025: $13,7932025

Highlighted filing

2015

Revenue$141,628
Expenses$153,643
Net Income-$12,015
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Jun 15, 2016
Return Version
2015v2.1
Gross Receipts
$145,276
Mission and Program Overview

Mission

The corporation is formed for educational and charitable purposes, within the meaning of section 501(c)(3) of the internal revenue code of 1986, to further the appreciation and advancement in the community of the art of dance, to provide performance and educational opportunities to students of dance, and to provide opportunities for this community to be enriched through the public performance of dance, and to do any other act or thing incidental to or connected with the foregoing purposes or in advancement thereof, but not for the pecuniary profit of financial gain, except as permitted under the new mexico nonprofit corporation act.

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$31,123$22,056▼ $9,067
Cash and Non-Interest-Bearing Accounts$6,885$5,003▼ $1,882
Savings and Temporary Cash Investments$2,301$893▼ $1,408
Prepaid Expenses and Deferred Charges$250$250→ $0
Total Assets$40,559$28,202▼ $12,357
Liabilities
Other Liabilities$17,039$16,697▼ $342
Total Liabilities$17,039$16,697▼ $342
Net Assets / Fund Balance
Unrestricted Net Assets$23,520$11,505▼ $12,015
Total Net Assets Fund Balance$23,520$11,505▼ $12,015
Total Liabilities and Net Assets / Fund Balance$40,559$28,202▼ $12,357

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$22,056$50,712$72,768
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Patricia Dickinson WellsDirector/choreogrpPT$11,778$11,778

Board Members and Trustees

NameTitle
Edward K MerewetherCo President/director
Sonya AdamsCo President/director
Louis GianniniDirector
Tammy WenderlichCommunity Advisory
Eva Rios OrnelasSecretary
Linda M SedilloTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$56,437
Program Service Revenue
$77,296
Investment Income
$1,000
Other Revenue
$6,895
All Other Contributions
$27,172
Change in Net Assets
$-12,015
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$148,287
Salaries, Compensation, and Employee Benefits$5,356
Total Fundraising Expense$480
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$88,266--$88,266
Occupancy$18,079--$18,079
Office Expenses$12,704$2,824-$15,528
Advertising$10,307-$480$10,787
Depreciation Depletion$9,068--$9,068
Other Salaries and Wages$850$4,042-$4,892
Insurance$1,248$867-$2,115
Interest$1,791--$1,791
Travel$1,611--$1,611
Fees for Services Accounting-$722-$722
Payroll Taxes$81$383-$464
Royalties$300--$300
Fees for Services Legal-$20-$20
Total Functional Expenses$144,305$8,858$480$153,643
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$10,543
Fundraising Direct Expenses$3,648
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Line of Credit$11,737
Bank of the West Credit Card$4,732
Payroll Taxes$178
Loan Due$50
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section A, Line 7A

Election of members and their rights subject to the authority of the board of directors to designate and appoint one or more committees as provided in these bylaws, all corporate powers shall be exercised by or under autority of, and the affairs and property of fba shall be controlled by its board of directors, which shall consist of not less that three (3) and not more that ten (10) directors (not including any es officio directiors). The number of directors may be increased or decreased form time to time by a majority vote of the board of directors; but in no event shall the board of directors consist of less than three (3) directors. In the event the number of directors is increased, the vacancies so created will be filled in the manner specified in sect 5.4 of the articles. There shall be no special qualifications for eligibility for membership on the board of directors; and a person need not be resident of the state of new mexico to be eligible for election or appointment as director. Ex officio directors shall be non-voting members of the board of directors, and shall not be counted in the determination of a quorum.

Form 990, Part VI, Section A, Line 7B

Decisions subject to approval of members the power to adopt, amend or repeal the bylaws or adopt new bylaws shall be vested in the board of directors. Such adoption, amendment or repeal requires a vote of at least two-thirds (2/3) of those directors present at a meeting in which such vote is taken, provide that a quorum has been attained at such meeting.

Form 990, Part VI, Section B, Line 11

Organization's process to review form 990 a copy of the form 990 is provided to the president of the board. The president reviews the return, signs and submits the efile authorization form to the tax preparer upon approval of the information contained within the return. The return is then electronically filed with the irs.

Form 990, Part VI, Section C, Line 19

Governing documents are made available upon request. Available in hard copy at the offices of the registered agent.

Filing and Contact Details

Filer

Filer Name
Festival Ballet Albuquerque
EIN
27-1993089
Phone
5054406330
Address
535 BLACK BEAR RD NE, ALBUQUERQUE, NM 87122

Signing Officer

Name
Edward Merewether
Title
Co-president
Phone
5054406330
Signed
2016-06-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Edward Merewether
Formed
2009
Legal Domicile
Nm
Voting Board Members
4
Independent Board Members
4
Employees
3
Volunteers
7

Preparer

Firm
Cliftonlarsonallen Llp
Address
500 MARQUETTE NW SUITE 800, ALBUQUERQUE, NM 87102
Preparer
Linda M Sedillo Ea
Phone
5058428290
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1

To further the appreciation and advancement in the community of the art of dance, to provide performance and educational opportunities to students of dance, and to provide opportunities for the community to be enriched through the public performance of dance.

Form 990, Part I, Line 6

All board members volunteer their time to the organization for an estimated total of 691 hours. List of in-kind services included business consulting, marketing and board of director duties valuated at $10,850; accounting services valued at $6,000; and administrative and managerial operations valued at $17,500.

Form 990, Part III, Line 1

The corporation is formed for educational and charitable purposes, within the meaning of section 501(c)(3)of the internal revenue code of 1986, to further the appreciation and advancement in the community of the art of dance, to provide performance and educational opportunities to students of dance, and to provide opportunities for the community to be enriched through the public performance of dance, and to do any other act or thing incidental to or connected with the foregoing purposes or in advancement thereof, but not for the pecuniary profit of financial gain, except as permitted under the new mexico nonprofit corporation act.

Form 990, Part III, Line 4A

Artistically, fba continues to serve the community with critically acclaimed theatrical productions while training young dancers who may wish to dance professionally as a career. Fba is a pre-professional regional dance company augmented by local professional dance artists who find work opportunities with fba. 2015 performances at national hispanic cultural center (nhcc): in may, fba presented the iconic work by legendary choreographer george balanchine, "valse fantasie", with permission of the new york city ballet george balanchine trust. On this same program, fba provided the opportunity for 5 young choreographers to present fully produced ballets. In december, in partnership with nhcc, the city of albuquerque, bernalillo county and new mexico arts, fba performed 5 public performances of "nutcracker in the land of enchantment" which provided work opportunities for over 80 local professional dancers, musicians, and stage technicians including lighting, music and costume designers. Additionally, a free performance was given to over 600 clients of 15 health and human service organizations throughout the state, including domestically abused women and children, a large homeless population and several senior centers. Fba outreach includes city sponsored history of dance performances free of charge to the host, being given on-site at title 1-aps elementary schools and senior centers. Additionally, fba performs six presentations of "peter and the wolf" in collaboration with the new mexico philharmonic, including one dedicated performance for those suffering from autism. Fba continues to be the only dance company from new mexico that is a member of regional dance america, a nationally recognized organization of over 100 companies from throughout the us and canada. Fba dancers traveled to monroe, louisiana in march performing two ballet works that were chosen by a national adjudicator for presentation. Thus fba is gaining notoriety throughout the southwest for excellence in the performing arts.

Form 990, Part IX, Line 11G

Artistic/choreographers/musicn: program service expenses 57,336. Management and general expenses 0. Fundraising expenses 0. Total expenses 57,336. Graphic design: program service expenses 496. Management and general expenses 0. Fundraising expenses 0. Total expenses 496. Lighting : program service expenses 4,513. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,513. Stage crew: program service expenses 5,699. Management and general expenses 0. Fundraising expenses 0. Total expenses 5,699. Technical crew: program service expenses 2,578. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,578. Video/ dvd production: program service expenses 1,965. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,965. Performance supplies: program service expenses 4,276. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,276. Props/costume/cartage rental: program service expenses 576. Management and general expenses 0. Fundraising expenses 0. Total expenses 576. Regional dance america fees : program service expenses 8,537. Management and general expenses 0. Fundraising expenses 0. Total expenses 8,537. Program/ ticket printing: program service expenses 2,290. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,290.

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IRS990/PayrollTaxesGrp/ProgramServicesAmt081
IRS990/PayrollTaxesGrp/TotalAmt0464
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0250
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0250
IRS990/PrincipalOfficerNm0EDWARD MEREWETHER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0711120
IRS990/ProgramServiceRevenueGrp/BusinessCd1711120
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IRS990/ProgramServiceRevenueGrp/BusinessCd4711120
IRS990/ProgramServiceRevenueGrp/Desc0ADMISSIONS/ TICKET SALES
IRS990/ProgramServiceRevenueGrp/Desc1GUEST ARTIST FEES
IRS990/ProgramServiceRevenueGrp/Desc2COSTUME/AUDITION FEES
IRS990/ProgramServiceRevenueGrp/Desc3PROGRAM ADVERTISING SPACE
IRS990/ProgramServiceRevenueGrp/Desc4PROGRAM RELATED MEDIA
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt066342
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt14255
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt22584
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt32435
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt41680
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt066342
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt14255
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt22584
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt41680
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt051384
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0156624
IRS990/PYOtherRevenueAmt07709
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IRS990/PYRevenuesLessExpensesAmt0-5465
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IRS990/PYTotalProfFndrsngExpnsAmt00
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IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
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IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
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IRS990/RoyaltiesGrp/ProgramServicesAmt0300
IRS990/RoyaltiesGrp/TotalAmt0300
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt071393
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt079002
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt044109
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0302325
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt077296
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0115201
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt096864
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0126363
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt082559
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0498283
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt010543
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt010543
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt0811151
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0144276
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0166585
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0168257
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0205365
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0126668
IRS990ScheduleA/Total509Grp/TotalAmt0811151
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0144276
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0166585
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0168257
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0205365
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0126668
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0811151
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/ScheduleBRequiredInd01
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt022056
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt050712
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt072768
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt011737
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt14732
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2178
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt350
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LINE OF CREDIT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1BANK OF THE WEST CREDIT CARD
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2PAYROLL TAXES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3LOAN DUE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt022056
IRS990ScheduleD/TotalLiabilityAmt016697
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO FURTHER THE APPRECIATION AND ADVANCEMENT IN THE COMMUNITY OF THE ART OF DANCE, TO PROVIDE PERFORMANCE AND EDUCATIONAL OPPORTUNITIES TO STUDENTS OF DANCE, AND TO PROVIDE OPPORTUNITIES FOR THE COMMUNITY TO BE ENRICHED THROUGH THE PUBLIC PERFORMANCE OF DANCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL BOARD MEMBERS VOLUNTEER THEIR TIME TO THE ORGANIZATION FOR AN ESTIMATED TOTAL OF 691 HOURS. LIST OF IN-KIND SERVICES INCLUDED BUSINESS CONSULTING, MARKETING AND BOARD OF DIRECTOR DUTIES VALUATED AT $10,850; ACCOUNTING SERVICES VALUED AT $6,000; AND ADMINISTRATIVE AND MANAGERIAL OPERATIONS VALUED AT $17,500.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CORPORATION IS FORMED FOR EDUCATIONAL AND CHARITABLE PURPOSES, WITHIN THE MEANING OF SECTION 501(C)(3)OF THE INTERNAL REVENUE CODE OF 1986, TO FURTHER THE APPRECIATION AND ADVANCEMENT IN THE COMMUNITY OF THE ART OF DANCE, TO PROVIDE PERFORMANCE AND EDUCATIONAL OPPORTUNITIES TO STUDENTS OF DANCE, AND TO PROVIDE OPPORTUNITIES FOR THE COMMUNITY TO BE ENRICHED THROUGH THE PUBLIC PERFORMANCE OF DANCE, AND TO DO ANY OTHER ACT OR THING INCIDENTAL TO OR CONNECTED WITH THE FOREGOING PURPOSES OR IN ADVANCEMENT THEREOF, BUT NOT FOR THE PECUNIARY PROFIT OF FINANCIAL GAIN, EXCEPT AS PERMITTED UNDER THE NEW MEXICO NONPROFIT CORPORATION ACT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ARTISTICALLY, FBA CONTINUES TO SERVE THE COMMUNITY WITH CRITICALLY ACCLAIMED THEATRICAL PRODUCTIONS WHILE TRAINING YOUNG DANCERS WHO MAY WISH TO DANCE PROFESSIONALLY AS A CAREER. FBA IS A PRE-PROFESSIONAL REGIONAL DANCE COMPANY AUGMENTED BY LOCAL PROFESSIONAL DANCE ARTISTS WHO FIND WORK OPPORTUNITIES WITH FBA. 2015 PERFORMANCES AT NATIONAL HISPANIC CULTURAL CENTER (NHCC): IN MAY, FBA PRESENTED THE ICONIC WORK BY LEGENDARY CHOREOGRAPHER GEORGE BALANCHINE, "VALSE FANTASIE", WITH PERMISSION OF THE NEW YORK CITY BALLET GEORGE BALANCHINE TRUST. ON THIS SAME PROGRAM, FBA PROVIDED THE OPPORTUNITY FOR 5 YOUNG CHOREOGRAPHERS TO PRESENT FULLY PRODUCED BALLETS. IN DECEMBER, IN PARTNERSHIP WITH NHCC, THE CITY OF ALBUQUERQUE, BERNALILLO COUNTY AND NEW MEXICO ARTS, FBA PERFORMED 5 PUBLIC PERFORMANCES OF "NUTCRACKER IN THE LAND OF ENCHANTMENT" WHICH PROVIDED WORK OPPORTUNITIES FOR OVER 80 LOCAL PROFESSIONAL DANCERS, MUSICIANS, AND STAGE TECHNICIANS INCLUDING LIGHTING, MUSIC AND COSTUME DESIGNERS. ADDITIONALLY, A FREE PERFORMANCE WAS GIVEN TO OVER 600 CLIENTS OF 15 HEALTH AND HUMAN SERVICE ORGANIZATIONS THROUGHOUT THE STATE, INCLUDING DOMESTICALLY ABUSED WOMEN AND CHILDREN, A LARGE HOMELESS POPULATION AND SEVERAL SENIOR CENTERS. FBA OUTREACH INCLUDES CITY SPONSORED HISTORY OF DANCE PERFORMANCES FREE OF CHARGE TO THE HOST, BEING GIVEN ON-SITE AT TITLE 1-APS ELEMENTARY SCHOOLS AND SENIOR CENTERS. ADDITIONALLY, FBA PERFORMS SIX PRESENTATIONS OF "PETER AND THE WOLF" IN COLLABORATION WITH THE NEW MEXICO PHILHARMONIC, INCLUDING ONE DEDICATED PERFORMANCE FOR THOSE SUFFERING FROM AUTISM. FBA CONTINUES TO BE THE ONLY DANCE COMPANY FROM NEW MEXICO THAT IS A MEMBER OF REGIONAL DANCE AMERICA, A NATIONALLY RECOGNIZED ORGANIZATION OF OVER 100 COMPANIES FROM THROUGHOUT THE US AND CANADA. FBA DANCERS TRAVELED TO MONROE, LOUISIANA IN MARCH PERFORMING TWO BALLET WORKS THAT WERE CHOSEN BY A NATIONAL ADJUDICATOR FOR PRESENTATION. THUS FBA IS GAINING NOTORIETY THROUGHOUT THE SOUTHWEST FOR EXCELLENCE IN THE PERFORMING ARTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ELECTION OF MEMBERS AND THEIR RIGHTS SUBJECT TO THE AUTHORITY OF THE BOARD OF DIRECTORS TO DESIGNATE AND APPOINT ONE OR MORE COMMITTEES AS PROVIDED IN THESE BYLAWS, ALL CORPORATE POWERS SHALL BE EXERCISED BY OR UNDER AUTORITY OF, AND THE AFFAIRS AND PROPERTY OF FBA SHALL BE CONTROLLED BY ITS BOARD OF DIRECTORS, WHICH SHALL CONSIST OF NOT LESS THAT THREE (3) AND NOT MORE THAT TEN (10) DIRECTORS (NOT INCLUDING ANY ES OFFICIO DIRECTIORS). THE NUMBER OF DIRECTORS MAY BE INCREASED OR DECREASED FORM TIME TO TIME BY A MAJORITY VOTE OF THE BOARD OF DIRECTORS; BUT IN NO EVENT SHALL THE BOARD OF DIRECTORS CONSIST OF LESS THAN THREE (3) DIRECTORS. IN THE EVENT THE NUMBER OF DIRECTORS IS INCREASED, THE VACANCIES SO CREATED WILL BE FILLED IN THE MANNER SPECIFIED IN SECT 5.4 OF THE ARTICLES. THERE SHALL BE NO SPECIAL QUALIFICATIONS FOR ELIGIBILITY FOR MEMBERSHIP ON THE BOARD OF DIRECTORS; AND A PERSON NEED NOT BE RESIDENT OF THE STATE OF NEW MEXICO TO BE ELIGIBLE FOR ELECTION OR APPOINTMENT AS DIRECTOR. EX OFFICIO DIRECTORS SHALL BE NON-VOTING MEMBERS OF THE BOARD OF DIRECTORS, AND SHALL NOT BE COUNTED IN THE DETERMINATION OF A QUORUM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DECISIONS SUBJECT TO APPROVAL OF MEMBERS THE POWER TO ADOPT, AMEND OR REPEAL THE BYLAWS OR ADOPT NEW BYLAWS SHALL BE VESTED IN THE BOARD OF DIRECTORS. SUCH ADOPTION, AMENDMENT OR REPEAL REQUIRES A VOTE OF AT LEAST TWO-THIRDS (2/3) OF THOSE DIRECTORS PRESENT AT A MEETING IN WHICH SUCH VOTE IS TAKEN, PROVIDE THAT A QUORUM HAS BEEN ATTAINED AT SUCH MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ORGANIZATION'S PROCESS TO REVIEW FORM 990 A COPY OF THE FORM 990 IS PROVIDED TO THE PRESIDENT OF THE BOARD. THE PRESIDENT REVIEWS THE RETURN, SIGNS AND SUBMITS THE EFILE AUTHORIZATION FORM TO THE TAX PREPARER UPON APPROVAL OF THE INFORMATION CONTAINED WITHIN THE RETURN. THE RETURN IS THEN ELECTRONICALLY FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. AVAILABLE IN HARD COPY AT THE OFFICES OF THE REGISTERED AGENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8ARTISTIC/CHOREOGRAPHERS/MUSICN: PROGRAM SERVICE EXPENSES 57,336. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 57,336. GRAPHIC DESIGN: PROGRAM SERVICE EXPENSES 496. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 496. LIGHTING : PROGRAM SERVICE EXPENSES 4,513. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,513. STAGE CREW: PROGRAM SERVICE EXPENSES 5,699. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,699. TECHNICAL CREW: PROGRAM SERVICE EXPENSES 2,578. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,578. VIDEO/ DVD PRODUCTION: PROGRAM SERVICE EXPENSES 1,965. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,965. PERFORMANCE SUPPLIES: PROGRAM SERVICE EXPENSES 4,276. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,276. PROPS/COSTUME/CARTAGE RENTAL: PROGRAM SERVICE EXPENSES 576. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 576. REGIONAL DANCE AMERICA FEES : PROGRAM SERVICE EXPENSES 8,537. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 8,537. PROGRAM/ TICKET PRINTING: PROGRAM SERVICE EXPENSES 2,290. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,290.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART I, LINE 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART III, LINE 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NM
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt040559
IRS990/TotalAssetsEOYAmt028202
IRS990/TotalAssetsGrp/BOYAmt040559
IRS990/TotalAssetsGrp/EOYAmt028202
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt056437
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0480
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt08858
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0144305
IRS990/TotalFunctionalExpensesGrp/TotalAmt0153643
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt017039
IRS990/TotalLiabilitiesEOYAmt016697
IRS990/TotalLiabilitiesGrp/BOYAmt017039
IRS990/TotalLiabilitiesGrp/EOYAmt016697
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt023520
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt011505
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0144305
IRS990/TotalProgramServiceRevenueAmt077296
IRS990/TotalReportableCompFromOrgAmt011778
IRS990/TotalRevenueGrp/ExclusionAmt07895
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt077296
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0141628
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt040559
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt028202
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt01611
IRS990/TravelGrp/TotalAmt01611
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt023520
IRS990/UnrestrictedNetAssetsGrp/EOYAmt011505
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0535 BLACK BEAR RD NE
IRS990/USAddress/CityNm0ALBUQUERUQE
IRS990/USAddress/StateAbbreviationCd0NM
IRS990/USAddress/ZIPCd087122
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0FESTIVALBALLETABQ.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-09-27 15:27:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0EDWARD MEREWETHER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CO-PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05054406330
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-06-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FESTIVAL BALLET ALBUQUERQUE
ReturnHeader/Filer/BusinessNameControlTxt0FEST
ReturnHeader/Filer/EIN0271993089

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.39$0.08$0.31$2.61$2.47$0.14
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.17$0.00$0.17$1.79$2.37$0.58
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.75$0.00$0.75$3.46$3.16$0.31
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.44$0.00$0.44$2.61$2.48$0.14
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.31$0.00$0.31$1.24$1.84$0.60
2020Detailed filing. Detailed filing data is available for this year.$0.91$0.00$0.91$1.93$1.46$0.47
2019Detailed filing. Detailed filing data is available for this year.$0.44$0.00$0.44$3.99$3.82$0.17
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.43$0.16$0.27$2.19$1.99$0.20
2017Detailed filing. Detailed filing data is available for this year.$0.26$0.20$0.07$1.72$1.68$0.04
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.22$0.19$0.03$1.69$1.78$0.08
2015Detailed filing. Detailed filing data is available for this year.$0.28$0.17$0.12$1.42$1.54$0.12
2014Detailed filing. Detailed filing data is available for this year.$0.41$0.17$0.24$1.62$1.68$0.05
2013Detailed filing. Detailed filing data is available for this year.$0.44$0.16$0.29$1.66$1.79$0.14
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.50$0.07$0.43$1.89
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.43$0.09$0.34$1.22$0.95$0.27
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.07$0.07$0.54$0.47$0.07