Civic Intelligence

Fort Wayne Ballet Inc

EIN 35-6006394 • 501(c)3 • Fort Wayne, IN

Profile

To feed the spirit and spark the imagination through the highest caliber professional and academy performances, dance training, and community engagement.

300 E Main Street Suite 100Fort Wayne, IN 46802

fortwayneballet.org

Siviq Scores

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

Liabilities / Assets

60th percentile

0.13x

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

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

Liabilities / Revenue

67th percentile

0.21x

Higher debt load relative to revenue than 67% of similar nonprofits.

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

Net Margin

36th percentile

-1.0%

Higher net margin than 36% 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

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2025

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2025

Assets

Down

$2,683,438

Down $161,447 (-5.7%) from 2024

Liabilities

Up

$353,282

Up $203,291 (+136%) from 2024

Net Assets

Down

$2,330,156

Down $364,738 (-14%) from 2024

Revenue

Up

$1,677,125

Up $174,687 (+12%) from 2024

Expenses

Up

$1,693,697

Up $60,899 (+3.7%) from 2024

Net Income

Up

-$16,572

Up $113,788 (+87%) from 2024

Trend Graphs

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2017: $1,811,241Liabilities 2017: $111,880Net Assets 2017: $1,699,3612017Assets 2018: $1,864,496Liabilities 2018: $104,680Net Assets 2018: $1,759,8162018Assets 2019: $1,866,041Liabilities 2019: $102,434Net Assets 2019: $1,763,6072019Assets 2020: $1,875,945Liabilities 2020: $221,133Net Assets 2020: $1,654,8122020Assets 2021: $2,130,921Liabilities 2021: $43,204Net Assets 2021: $2,087,7172021Assets 2022: $2,459,907Liabilities 2022: $44,242Net Assets 2022: $2,415,6652022Assets 2023: $2,814,513Liabilities 2023: $103,923Net Assets 2023: $2,710,5902023Assets 2024: $2,844,885Liabilities 2024: $149,991Net Assets 2024: $2,694,8942024Assets 2025: $2,683,438Liabilities 2025: $353,282Net Assets 2025: $2,330,1562025

Highlighted filing

2025

Assets$2,683,438
Liabilities$353,282
Net Assets$2,330,156

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2017: $979,293Expenses 2017: $1,125,313Net Income 2017: -$146,0202017Revenue 2018: $1,146,336Expenses 2018: $1,076,586Net Income 2018: $69,7502018Revenue 2019: $1,328,286Expenses 2019: $1,363,152Net Income 2019: -$34,8662019Revenue 2020: $1,192,685Expenses 2020: $1,318,820Net Income 2020: -$126,1352020Revenue 2021: $1,464,494Expenses 2021: $1,275,238Net Income 2021: $189,2562021Revenue 2022: $1,784,779Expenses 2022: $1,340,626Net Income 2022: $444,1532022Revenue 2023: $1,725,262Expenses 2023: $1,432,477Net Income 2023: $292,7852023Revenue 2024: $1,502,438Expenses 2024: $1,632,798Net Income 2024: -$130,3602024Revenue 2025: $1,677,125Expenses 2025: $1,693,697Net Income 2025: -$16,5722025

Highlighted filing

2025

Revenue$1,677,125
Expenses$1,693,697
Net Income-$16,572

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Aug 1, 2024 to Jul 31, 2025
Signed
Feb 2, 2026
Return Version
2024v5.0
Gross Receipts
$4,560,813
Mission and Program Overview

Mission

To feed the spirit and spark the imagination through the highest caliber professional and academy performances, dance training, and community engagement.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,109,607$2,176,211▲ $66,604
Pledges and Grants Receivable$425,280$215,300▼ $209,980
Cash and Non-Interest-Bearing Accounts$116,537$132,856▲ $16,319
Savings and Temporary Cash Investments$66,838$36,835▼ $30,003
Inventories for Sale or Use$25,422$36,035▲ $10,613
Land, Buildings, and Equipment, Net$26,982$17,730▼ $9,252
Accounts Receivable$17,050$16,610▼ $440
Prepaid Expenses and Deferred Charges$9,385$5,900▼ $3,485
Total Assets$2,844,885$2,683,438▼ $161,447
Other Assets Total$47,784$45,961▼ $1,823
Liabilities
Mortgage Notes Payable Secured by Investment Property$50,150$260,000▲ $209,850
Accounts Payable and Accrued Expenses$36,514$52,169▲ $15,655
Deferred Revenue$50,435$30,830▼ $19,605
Other Liabilities$12,892$10,283▼ $2,609
Total Liabilities$149,991$353,282▲ $203,291
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,826,448$2,746,174▼ $80,274
Net Assets With Donor Restrictions$-131,554$-416,018▼ $284,464
Total Net Assets Fund Balance$2,694,894$2,330,156▼ $364,738
Total Liabilities and Net Assets / Fund Balance$2,844,885$2,683,438▼ $161,447

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$11,747$236,012$247,759
Leasehold Improvements$5,983$75,407$81,390

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$2,281,394$7,658▲ $169,900$133,085$2,313,406
2023$2,245,446-▲ $266,669$217,705$2,281,394
2022$2,146,424-▲ $176,516$65,653$2,245,446
2021$1,699,812$525,000▼ $64,175-$2,146,424
2020$1,399,647$75,000▲ $296,637$55,502$1,699,812
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Karen Gibbons-brownArtistic DirectorFT$85,233$7,796$93,029
Jim SparrowExecutive DiFT$80,992$7,842$88,834

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$473,286
Program Service Revenue
$636,407
Investment Income
$518,806
Other Revenue
$48,626
All Other Contributions
$319,351
Change in Net Assets
$-16,572

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,346,296
Revenue Not Reported on Financial Statements
$330,829
Revenue Not Reported on Form 990
$28,103
Other Revenue Adjustments
$318,368
Total Revenue per Audited Statements
$1,374,399
Total Revenue per Form 990
$1,677,125
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,010,554
Other Expenses$683,143
Total Fundraising Expense$12,277
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$542,208$199,039-$741,247
Fees for Services Other$219,414$14,706-$234,120
Current Officers, Directors, Trustees, and Key Employees$101,964$81,434-$183,398
Occupancy$140,876$7,750-$148,626
Advertising$84,263--$84,263
Payroll Taxes$47,458$18,179-$65,637
Office Expenses$379$27,978$11,785$40,142
Travel$28,664--$28,664
Other Employee Benefits$17,801$2,471-$20,272
Insurance-$15,652-$15,652
Fees for Services Accounting-$14,850-$14,850
Fees for Service Investment Mgmnt Fees-$12,461-$12,461
Depreciation Depletion$10,003$649-$10,652
Information Technology$7,414$1,614-$9,028
Fees for Services Legal-$8,386-$8,386
Interest-$7,954-$7,954
Other Expenses$5,001$2,415$492$7,908
Conferences and Meetings$5,600$1,200-$6,800
Total Functional Expenses$1,264,682$416,738$12,277$1,693,697

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,739,137
Expenses per Audited Statements$1,711,034
Total Expenses per Form 990$1,693,697
Expenses Not Reported on Form 990$28,103
Expenses Not Reported on Financial Statements$-17,337
Other Expense Adjustments$-29,798
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$55,100
Fundraising Direct Expenses$36,513
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$199,035$55,100$12,893$42,207
Total Events$199,035$55,100$36,513$18,587
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liabilities$10,283
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
Other officer compensation reviewed
Yes
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

Jim sparrow karen gibbons-brown exec dir artistic dir family relationship amanda kinneman morrie sanderson officer officer family relationship

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

A complete copy of the form 990 is provided to the board of trustees for review and approval prior to filing.

Form 990, Page 6, Part VI, Line 12C

Trustees are required to fill out conflict of interest forms at the beginning of each fiscal year. All potential conflicts are to be listed and noted. The executive committee reviews and any issues are discussed and resolved as needed.

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

The executive director and executive artistic director are given negotiated contracts for a three year period which is reveiwed by the executive committee. All salaries are set and approved through the budgeting process.

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

Staff and faculty are given performance reviews by the executive committee. All salaries are set and approved through the budgeting process.

Form 990, Page 6, Part VI, Line 18

The organization's form 990 for the prior three years is available at guidestar.org and irs.gov.

Form 990, Page 6, Part VI, Line 19

The organization's governing documents, conflict of interest policy and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Fort Wayne Ballet Inc
EIN
35-6006394
Phone
2604849646
Address
300 E MAIN STREET SUITE 100, FORT WAYNE, IN 46802

Signing Officer

Name
Christine Jones
Title
Current Treasurer
Phone
2604849646
Signed
2026-02-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jim Sparrow
Formed
1955
Legal Domicile
In
Voting Board Members
18
Independent Board Members
18
Employees
43
Volunteers
220

Preparer

Firm
Dulin Ward & Dewald Inc
Address
9921 DUPONT CIRCLE DR W 300, FORT WAYNE, IN 46825-1610
Preparer
Carrie B Minnich CPA
Phone
2604232414
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4A

Fort wayne ballet is the longest continually running professional dance organization in the state of indiana. We serve the region through professional performances, dance training and community engagement. Our professional company is composed of 34 professional contracted dancers from all over the u.s and world over a 36 week performing season. Our training academy provides dance education to students of all ages, encompassing entry level movement through adult classes. It is one of the premiere professional training programs in indiana. In the fall of 2020, the academy became certified in the american ballet theatre (abt) curriculum and is one of eight fully-certified academies in the world to be aligned with abt. Our professional trainee program attracts students from across the midwest and the summer intensive program attracts students aged 13-20 from across the country.

Form 990, Page 2, Part III, Line 4B

Fort wayne ballet's professional company consists of twenty four dancers representing the united states, japan, mexico and uzbekistan and is supplemented by six trainee dancers. The season includes three main stage performances from classic masterworks to contemporary premiers, three contemporary repertoire performances, and an intimate in studio series where patrons are immersed into the programming. The organization is committed to being actively involved in collaborative programming with other arts organizations. Community engagement and service is a significant part of the ballet's mission and includes sensory friendly productions of its main stage performances, training residencies in the region's school systems, performances in community festivals and performances outside the region. The ballet has performed its nutcracker outside of the region and has represented the fort wayne community internationally.

Form 990, Part IX, Line 11G

Other fees 219,414 14,706 0

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

The endowments have been established to promote the mission of the organization.

Schedule D, Page 4, Part XI, Line 4B

Unrealized loss 348,166 merchandise for sale -29,798

Schedule D, Page 4, Part XII, Line 4B

Merchandise for sale -29,798

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IRS990/Desc0FORT WAYNE BALLET IS THE LONGEST CONTINUALLY RUNNING PROFESSIONAL DANCE ORGANIZATION IN THE STATE OF INDIANA. WE SERVE THE REGION THROUGH PROFESSIONAL PERFORMANCES, DANCE TRAINING AND COMMUNITY ENGAGEMENT. OUR PROFESSIONAL COMPANY IS COMPOSED OF 34 PROFESSIONAL CONTRACTED DANCERS FROM ALL OVER THE U.S AND WORLD OVER A 36 WEEK PERFORMING SEASON. OUR TRAINING ACADEMY PROVIDES DANCE EDUCATION TO STUDENTS OF ALL AGES, ENCOMPASSING ENTRY LEVEL MOVEMENT THROUGH ADULT CLASSES. IT IS ONE OF THE PREMIERE PROFESSIONAL TRAINING PROGRAMS IN INDIANA. IN THE FALL OF 2020, THE ACADEMY BECAME CERTIFIED IN THE AMERICAN BALLET THEATRE (ABT) CURRICULUM AND IS ONE OF EIGHT FULLY-CERTIFIED ACADEMIES IN THE WORLD TO BE ALIGNED WITH ABT. OUR PROFESSIONAL TRAINEE PROGRAM ATTRACTS STUDENTS FROM ACROSS THE MIDWEST AND THE SUMMER INTENSIVE PROGRAM ATTRACTS STUDENTS AGED 13-20 FROM ACROSS THE COUNTRY.
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IRS990/ProgSrvcAccomActy2Grp/Desc0FORT WAYNE BALLET'S PROFESSIONAL COMPANY CONSISTS OF TWENTY FOUR DANCERS REPRESENTING THE UNITED STATES, JAPAN, MEXICO AND UZBEKISTAN AND IS SUPPLEMENTED BY SIX TRAINEE DANCERS. THE SEASON INCLUDES THREE MAIN STAGE PERFORMANCES FROM CLASSIC MASTERWORKS TO CONTEMPORARY PREMIERS, THREE CONTEMPORARY REPERTOIRE PERFORMANCES, AND AN INTIMATE IN STUDIO SERIES WHERE PATRONS ARE IMMERSED INTO THE PROGRAMMING. THE ORGANIZATION IS COMMITTED TO BEING ACTIVELY INVOLVED IN COLLABORATIVE PROGRAMMING WITH OTHER ARTS ORGANIZATIONS. COMMUNITY ENGAGEMENT AND SERVICE IS A SIGNIFICANT PART OF THE BALLET'S MISSION AND INCLUDES SENSORY FRIENDLY PRODUCTIONS OF ITS MAIN STAGE PERFORMANCES, TRAINING RESIDENCIES IN THE REGION'S SCHOOL SYSTEMS, PERFORMANCES IN COMMUNITY FESTIVALS AND PERFORMANCES OUTSIDE THE REGION. THE BALLET HAS PERFORMED ITS NUTCRACKER OUTSIDE OF THE REGION AND HAS REPRESENTED THE FORT WAYNE COMMUNITY INTERNATIONALLY.
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