Civic Intelligence

Peoria Ballet Co

990 • Fiscal year 2020 • EIN 37-6057674

Aug 01, 2019 to Jul 31, 2020 • Filed on May 13, 2021

809 W Detweiller DrPeoria, IL 61615

(309) 690-7990

Siviq Scores

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

Liabilities / Assets

81st percentile

0.21x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

78th percentile

0.12x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

61st percentile

13%

Higher net margin than 61% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

94th percentile

$62,000

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 13.1% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

63rd percentile

15%

Faster asset growth than 63% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

62nd percentile

-1.8%

Faster revenue growth than 62% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$273,274

Up $35,692 (+15%) from 2019

Net Assets

Up

$216,793

Up $62,394 (+40%) from 2019

Liabilities

Down

$56,481

Down $26,702 (-32%) from 2019

Revenue

Down

$474,635

Down $8,650 (-1.8%) from 2019

Expenses

Down

$412,348

Down $36,213 (-8.1%) from 2019

Net Income

Up

$62,287

Up $27,563 (+79%) from 2019

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2011: $458,170Liabilities 2011: $263,366Net Assets 2011: $194,8042011Assets 2012: $410,898Liabilities 2012: $266,986Net Assets 2012: $143,9122012Assets 2013: $374,377Liabilities 2013: $240,726Net Assets 2013: $133,6512013Assets 2014: $357,265Liabilities 2014: $196,571Net Assets 2014: $160,6942014Assets 2015: $302,250Liabilities 2015: $192,657Net Assets 2015: $109,5932015Assets 2016: $261,810Liabilities 2016: $164,788Net Assets 2016: $97,0222016Assets 2017: $243,675Liabilities 2017: $148,372Net Assets 2017: $95,3032017Assets 2018: $220,095Liabilities 2018: $100,436Net Assets 2018: $119,6592018Assets 2019: $237,582Liabilities 2019: $83,183Net Assets 2019: $154,3992019Assets 2020: $273,274Liabilities 2020: $56,481Net Assets 2020: $216,7932020Assets 2021: $319,348Liabilities 2021: $6,380Net Assets 2021: $312,9682021Assets 2022: $311,499Liabilities 2022: $17,877Net Assets 2022: $293,6222022Assets 2023: $315,018Liabilities 2023: $2,207Net Assets 2023: $312,8112023Assets 2024: $389,069Liabilities 2024: $9,085Net Assets 2024: $379,9842024

Highlighted filing

2020

Assets$273,274
Liabilities$56,481
Net Assets$216,793

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2011: $490,378Expenses 2011: $474,377Net Income 2011: $16,0012011Expenses 2012: $499,8412012Revenue 2013: $465,882Expenses 2013: $476,332Net Income 2013: -$10,4502013Revenue 2014: $431,688Expenses 2014: $404,948Net Income 2014: $26,7402014Revenue 2015: $408,186Expenses 2015: $459,287Net Income 2015: -$51,1012015Revenue 2016: $457,831Expenses 2016: $466,012Net Income 2016: -$8,1812016Revenue 2017: $429,487Expenses 2017: $431,206Net Income 2017: -$1,7192017Revenue 2018: $452,402Expenses 2018: $428,046Net Income 2018: $24,3562018Revenue 2019: $483,285Expenses 2019: $448,561Net Income 2019: $34,7242019Revenue 2020: $474,635Expenses 2020: $412,348Net Income 2020: $62,2872020Revenue 2021: $390,787Expenses 2021: $306,904Net Income 2021: $83,8832021Revenue 2022: $429,308Expenses 2022: $447,849Net Income 2022: -$18,5412022Revenue 2023: $471,415Expenses 2023: $452,770Net Income 2023: $18,6452023Revenue 2024: $542,209Expenses 2024: $475,993Net Income 2024: $66,2162024

Highlighted filing

2020

Revenue$474,635
Expenses$412,348
Net Income$62,287
Jump To
Filing Snapshot
Filing Period
Aug 1, 2019 to Jul 31, 2020
Signed
May 13, 2021
Return Version
2019v5.0
Gross Receipts
$475,627
Mission and Program Overview

Mission

To promote the understanding of and participation and interest in dance for all ages.

Promote dance to people of all ages

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$84,233$153,399▲ $69,166
Land, Buildings, and Equipment, Net$140,716$110,724▼ $29,992
Cash and Non-Interest-Bearing Accounts$2,628$736▼ $1,892
Accounts Receivable$2,567$546▼ $2,021
Total Assets$237,582$273,274▲ $35,692
Other Assets Total$7,438$7,869▲ $431
Liabilities
Mortgage Notes Payable Secured by Investment Property$56,536$32,665▼ $23,871
Accounts Payable and Accrued Expenses$12,679$12,976▲ $297
Deferred Revenue$13,968$10,840▼ $3,128
Total Liabilities$83,183$56,481▼ $26,702
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$146,961$208,924▲ $61,963
Net Assets With Donor Restrictions$7,438$7,869▲ $431
Total Net Assets Fund Balance$154,399$216,793▲ $62,394
Total Liabilities and Net Assets / Fund Balance$237,582$273,274▲ $35,692

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$108,479$356,429$464,908
Equipment$2,245$32,521$34,766

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$7,439-▲ $508-$7,869
2019$7,221-▲ $289-$7,439
2018$6,813-▲ $478-$7,221
2017$7,057-▲ $755$-932$6,813
2016$6,859-▲ $269-$7,057
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jorge LaicoArtistic DirectorFT$62,000$62,000
Wendy ThomassonExecutive DiFT$47,500$47,500

Board Members and Trustees

NameTitle
Scott BoushellPresident of
Athena HermanDirector
Brandy HarrisonDirector
Jami Webster HallDirector
Joshua JonesDirector
Mary WuethrichDirector
Ina BecraftAssistant Tr
Ann PieperSecretary of
Heather MccordTreasurer of
Dr Deborah GarrisonVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$93,648
Program Service Revenue
$371,790
Investment Income
$1,087
Other Revenue
$8,110
All Other Contributions
$43,648
Change in Net Assets
$62,287
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$226,219
Salaries, Compensation, and Employee Benefits$186,129
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$62,000$47,500-$109,500
Occupancy$63,112--$63,112
Other Salaries and Wages$38,685$21,302-$59,987
Depreciation Depletion$30,993$1,604-$32,597
Payroll Taxes$7,945$6,013-$13,958
Fees for Services Accounting$9,250$3,772-$13,022
Insurance$4,673--$4,673
Office Expenses-$3,602-$3,602
Advertising$3,301--$3,301
Other Employee Benefits$1,385$1,299-$2,684
Other Expenses$2,400--$2,400
Interest$2,111--$2,111
Fees for Service Investment Mgmnt Fees-$78-$78
Total Functional Expenses$327,178$85,170$0$412,348
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$4,200
Fundraising Direct Expenses$992
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
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
No
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 11B

Form 990 was provided to the board of directors (the organization's governing body) for review before filing.

Form 990, Page 6, Part VI, Line 19

Information provided upon request

Filing and Contact Details

Filer

Filer Name
Peoria Ballet Company
EIN
37-6057674
Phone
3096907990
Address
809 W DETWEILLER DR, PEORIA, IL 61615

Signing Officer

Name
Ina Becraft
Title
Assistant Treasurer
Phone
3096907990
Signed
2021-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Wendy Thomasson
Formed
1966
Legal Domicile
Il
Voting Board Members
11
Independent Board Members
9
Employees
16
Volunteers
80

Preparer

Firm
Gorenz and Associates Ltd
Address
4200 N KNOXVILLE AVE, PEORIA, IL 61614
Preparer
Jason a Hohulin CPA
Phone
3096857621
Supplemental Narrative

Additional Explanations

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

Since 1966, peoria ballet has served central illinois residents through professional performances, dance classes, and outreach education. The ballet has demonstrated a high level of artistic excellence through two annual professional level ballet performances. Annually peoria ballet has presented the nutcracker. Over 100 students expand their training by performing this high quality production with professional guest artists accompanied by a live orchestra to over 6,000 patrons - three public and two school performances. Peoria ballet also presents a spring production of either a classical ballet, mixed repertoire, or an original work. Peoria ballet has trained more than 2,000 students in pre- professional ballet, modern, contemporary, jazz and tap. Currently, the academy offers over 50 classes per week to over 180 students ranging in age from 3 through adult. Peoria ballet students were accepted into summer intensive programs at prestigious dance schools including joffrey ballet, nashville ballet, cincinnati ballet, and ballet arizona. Recent alumni of peoria ballet have been accepted into companies at arkansas ballet, atlanta ballet, and ballet memphis.

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

To assist in funding daily operations, classes, and performances.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SINCE 1966, PEORIA BALLET HAS SERVED CENTRAL ILLINOIS RESIDENTS THROUGH PROFESSIONAL PERFORMANCES, DANCE CLASSES, AND OUTREACH EDUCATION. THE BALLET HAS DEMONSTRATED A HIGH LEVEL OF ARTISTIC EXCELLENCE THROUGH TWO ANNUAL PROFESSIONAL LEVEL BALLET PERFORMANCES. ANNUALLY PEORIA BALLET HAS PRESENTED THE NUTCRACKER. OVER 100 STUDENTS EXPAND THEIR TRAINING BY PERFORMING THIS HIGH QUALITY PRODUCTION WITH PROFESSIONAL GUEST ARTISTS ACCOMPANIED BY A LIVE ORCHESTRA TO OVER 6,000 PATRONS - THREE PUBLIC AND TWO SCHOOL PERFORMANCES. PEORIA BALLET ALSO PRESENTS A SPRING PRODUCTION OF EITHER A CLASSICAL BALLET, MIXED REPERTOIRE, OR AN ORIGINAL WORK. PEORIA BALLET HAS TRAINED MORE THAN 2,000 STUDENTS IN PRE- PROFESSIONAL BALLET, MODERN, CONTEMPORARY, JAZZ AND TAP. CURRENTLY, THE ACADEMY OFFERS OVER 50 CLASSES PER WEEK TO OVER 180 STUDENTS RANGING IN AGE FROM 3 THROUGH ADULT. PEORIA BALLET STUDENTS WERE ACCEPTED INTO SUMMER INTENSIVE PROGRAMS AT PRESTIGIOUS DANCE SCHOOLS INCLUDING JOFFREY BALLET, NASHVILLE BALLET, CINCINNATI BALLET, AND BALLET ARIZONA. RECENT ALUMNI OF PEORIA BALLET HAVE BEEN ACCEPTED INTO COMPANIES AT ARKANSAS BALLET, ATLANTA BALLET, AND BALLET MEMPHIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 WAS PROVIDED TO THE BOARD OF DIRECTORS (THE ORGANIZATION'S GOVERNING BODY) FOR REVIEW BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2INFORMATION PROVIDED UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.89$0.09$3.80$5.42$4.76$0.66
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.15$0.02$3.13$4.71$4.53$0.19
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.11$0.18$2.94$4.29$4.48$0.19
2021Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$3.19$0.06$3.13$3.91$3.07$0.84
2020Detailed filing. Detailed filing data is available for this year.$2.73$0.56$2.17$4.75$4.12$0.62
2019Detailed filing. Detailed filing data is available for this year.$2.38$0.83$1.54$4.83$4.49$0.35
2018Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$2.20$1.00$1.20$4.52$4.28$0.24
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.44$1.48$0.95$4.29$4.31$0.02
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.62$1.65$0.97$4.58$4.66$0.08
2015Summary only. Only limited summary data is available for this year.$3.02$1.93$1.10$4.08$4.59$0.51
2014Detailed filing. Detailed filing data is available for this year.$3.57$1.97$1.61$4.32$4.05$0.27
2013Summary only. Only limited summary data is available for this year.$3.74$2.41$1.34$4.66$4.76$0.10
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.11$2.67$1.44$5.00
2011Summary only. Only limited summary data is available for this year.$4.58$2.63$1.95$4.90$4.74$0.16
Peer Organizations

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