Civic Intelligence

Indianapolis Ballet Inc.

990 • Fiscal year 2016 • EIN 34-2066059

Aug 01, 2015 to Jul 31, 2016 • Filed on Jan 15, 2017

502 North Capitol Avenue Suite BIndianapolis, IN 46204

(317) 955-7525

Siviq Scores

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

Liabilities / Assets

65th percentile

0.13x

Higher debt load relative to assets than 65% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

60th percentile

0.07x

Higher debt load relative to revenue than 60% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

33rd percentile

-2.6%

Higher net margin than 33% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

69th percentile

$57,200

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 7.9% of source-year revenue.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

27th percentile

-4.2%

Faster asset growth than 27% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

26th percentile

-9.2%

Faster revenue growth than 26% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Down

$415,478

Down $18,368 (-4.2%) from 2015

Net Assets

Down

$362,027

Down $18,738 (-4.9%) from 2015

Liabilities

Up

$53,451

Up $370 (+0.7%) from 2015

Revenue

Down

$721,218

Down $73,496 (-9.2%) from 2015

Expenses

Up

$739,956

Up $123,867 (+20%) from 2015

Net Income

Down

-$18,738

Down $197,363 (-110%) from 2015

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2014: $257,333Liabilities 2014: $2,840Net Assets 2014: $254,4932014Assets 2015: $433,846Liabilities 2015: $53,081Net Assets 2015: $380,7652015Assets 2016: $415,478Liabilities 2016: $53,451Net Assets 2016: $362,0272016Assets 2017: $481,674Liabilities 2017: $54,355Net Assets 2017: $427,3192017Assets 2018: $921,770Liabilities 2018: $28,058Net Assets 2018: $893,7122018Assets 2019: $763,924Liabilities 2019: $66,761Net Assets 2019: $697,1632019Assets 2020: $1,193,379Liabilities 2020: $222,843Net Assets 2020: $970,5362020Assets 2021: $1,043,512Liabilities 2021: $84,005Net Assets 2021: $959,5072021Assets 2022: $2,859,547Liabilities 2022: $180,164Net Assets 2022: $2,679,3832022Assets 2023: $3,201,892Liabilities 2023: $746,191Net Assets 2023: $2,455,7012023Assets 2024: $3,873,769Liabilities 2024: $753,624Net Assets 2024: $3,120,1452024

Highlighted filing

2016

Assets$415,478
Liabilities$53,451
Net Assets$362,027

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2014: $714,626Expenses 2014: $598,436Net Income 2014: $116,1902014Revenue 2015: $794,714Expenses 2015: $616,089Net Income 2015: $178,6252015Revenue 2016: $721,218Expenses 2016: $739,956Net Income 2016: -$18,7382016Revenue 2017: $926,300Expenses 2017: $861,008Net Income 2017: $65,2922017Revenue 2018: $1,625,529Expenses 2018: $1,166,276Net Income 2018: $459,2532018Revenue 2019: $1,392,956Expenses 2019: $1,536,004Net Income 2019: -$143,0482019Revenue 2020: $1,716,935Expenses 2020: $1,443,562Net Income 2020: $273,3732020Revenue 2021: $1,204,088Expenses 2021: $1,215,117Net Income 2021: -$11,0292021Revenue 2022: $3,101,810Expenses 2022: $1,381,934Net Income 2022: $1,719,8762022Revenue 2023: $1,561,277Expenses 2023: $1,789,529Net Income 2023: -$228,2522023Revenue 2024: $2,658,798Expenses 2024: $2,230,631Net Income 2024: $428,1672024

Highlighted filing

2016

Revenue$721,218
Expenses$739,956
Net Income-$18,738
Jump To
Filing Snapshot
Filing Period
Aug 1, 2015 to Jul 31, 2016
Signed
Jan 15, 2017
Return Version
2015v3.0
Gross Receipts
$754,644
Mission and Program Overview

Mission

Indianapolis ballet embraces the history and future of classical ballet through dynamic performances, visionary new works, extraordinary training, and by providing transformative community outreach programs to the widest possible audiences. Indianapolis ballet (ib) and the indianapolis school of ballet (isb) believe in a culturally diverse environment and the physical, intellectual, emotional, and artistic growth of all dancers.

Indianapolis school of ballet advances professional ballet and dance education in our community through world-class training and dynamic performances provided in a culturally diverse environment designed for the continual physical, emotional, intellectual, and artistic growth of all students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$380,765$362,027▼ $18,738
Cash and Non-Interest-Bearing Accounts$379,410$335,242▼ $44,168
Prepaid Expenses and Deferred Charges$1,323$31,093▲ $29,770
Land, Buildings, and Equipment, Net$24,494$20,679▼ $3,815
Accounts Receivable$18,601$17,437▼ $1,164
Pledges and Grants Receivable$3,362$3,564▲ $202
Inventories for Sale or Use$2,656$3,463▲ $807
Total Assets$433,846$415,478▼ $18,368
Other Assets Total$4,000$4,000→ $0
Liabilities
Deferred Revenue$46,974$40,776▼ $6,198
Accounts Payable and Accrued Expenses$5,070$10,328▲ $5,258
Other Liabilities$1,037$2,347▲ $1,310
Total Liabilities$53,081$53,451▲ $370
Net Assets / Fund Balance
Total Net Assets Fund Balance$380,765$362,027▼ $18,738
Total Liabilities and Net Assets / Fund Balance$433,846$415,478▼ $18,368

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$5,054$25,450-
Leasehold Improvements$15,625$18,696-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Victoria LyrasExecutive DiFT$57,200$57,200

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$141,641
Program Service Revenue
$533,016
Investment Income
$618
Other Revenue
$45,943
All Other Contributions
$141,641
Change in Net Assets
$-18,738

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Other Non Cash Contri Table14$36,259
Total Noncash Contributions14$36,259
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$349,071
Salaries, Compensation, and Employee Benefits$343,142
Total Fundraising Expense$63,462
Grants and Similar Amounts Paid$47,743
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$153,400$59,891$40,331$253,622
Occupancy$142,917$3,341$1,114$147,372
Fees for Services Other$47,554$9,785$1,200$58,539
Current Officers, Directors, Trustees, and Key Employees$42,900$8,580$5,720$57,200
Grants to Domestic Individuals$47,743--$47,743
All Other Expenses$31,626$8,673$548$40,847
Payroll Taxes$16,845$5,527$3,948$26,320
Office Expenses$12,159$881$4,508$17,548
Advertising$11,754$1,078$351$13,183
Fees for Services Accounting-$8,670-$8,670
Other Expenses$1,908$3,706$2,250$7,864
Other Employee Benefits$4,500$900$600$6,000
Insurance$791$2,050$185$3,026
Conferences and Meetings-$850-$850
Total Functional Expenses$562,097$114,397$63,462$739,956
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$60,961
Fundraising Direct Expenses$26,422
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fundraising Act$60,961$60,961$26,422$34,539
Total Events$60,961$60,961$26,422$34,539
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Credit Card Liabilities$2,347
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
No
Audit committee
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
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, Page 6, Part VI, Line 2

N/a n/a board member board member spouses

Form 990, Page 6, Part VI, Line 11B

All board members are sent a copy via email prior to submission.

Form 990, Page 6, Part VI, Line 15A

Executive directors' compensation is determined by the finance committee. It is compared to other similar non-profits, vetted against budget constraints, and considered in light of the director's financial needs.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Indianapolis Ballet Inc
EIN
34-2066059
Phone
3179557525
Address
502 NORTH CAPITOL AVENUE SUITE B, INDIANAPOLIS, IN 46204

Signing Officer

Name
Victoria Lyras
Title
Executive Director
Phone
3179557525
Signed
2017-01-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Victoria Lyras
Formed
2006
Legal Domicile
In
Voting Board Members
12
Independent Board Members
12
Employees
28
Volunteers
70

Preparer

Firm
Cox Beckman Goss & Company
Address
7440 N SHADELAND AVENUE SUITE 210, INDIANAPOLIS, IN 46250-2027
Preparer
David R Goss CPA
Phone
3175450845
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Indianapolis school of ballet advances professional ballet and dance education in our community through world-class training and dynamic performances provided in a culturally diverse environment designed for the continual physical, emotional, intellectual, and artistic growth of all students.

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IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDE
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IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0600
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IRS990/OtherExpensesGrp/TotalAmt211464
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IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt059891
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IRS990ScheduleD/EquipmentGrp/BookValueAmt05054
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