Civic Intelligence

Centennial State Ballet

990 • Fiscal year 2023 • EIN 46-1273310

Jun 01, 2022 to May 31, 2023 • Filed on Mar 04, 2024

338 Main Street Ste 3Longmont, CO 80501

(303) 772-1335

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.79x

Higher debt load relative to assets than 93% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

84th percentile

0.13x

Higher debt load relative to revenue than 84% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

25th percentile

-13%

Higher net margin than 25% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

16th percentile

-33%

Faster asset growth than 16% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

51st percentile

5.5%

Faster revenue growth than 51% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Down

$35,762

Down $17,238 (-33%) from 2022

Net Assets

Down

$7,413

Down $26,147 (-78%) from 2022

Liabilities

Up

$28,349

Up $8,909 (+46%) from 2022

Revenue

Up

$212,434

Up $11,166 (+5.5%) from 2022

Expenses

Up

$239,110

Up $61,918 (+35%) from 2022

Net Income

Down

-$26,676

Down $50,752 (-211%) from 2022

Historical Trend

Balance Sheet Trend

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

$80K$60K$40K$20K$0-$20KAssets 2014: $12,692Liabilities 2014: $18,5842014Assets 2015: $19,205Liabilities 2015: $02015Assets 2016: $30,003Liabilities 2016: $2,943Net Assets 2016: $27,0602016Assets 2017: $40,162Liabilities 2017: $12,592Net Assets 2017: $27,5702017Assets 2018: $50,134Liabilities 2018: $19,772Net Assets 2018: $30,3622018Assets 2019: $6,619Liabilities 2019: $25,7582019Assets 2020: $37,273Liabilities 2020: $31,235Net Assets 2020: $6,0382020Assets 2021: $60,831Liabilities 2021: $19,653Net Assets 2021: $41,1782021Assets 2022: $53,000Liabilities 2022: $19,440Net Assets 2022: $33,5602022Assets 2023: $35,762Liabilities 2023: $28,349Net Assets 2023: $7,4132023Assets 2024: $28,645Liabilities 2024: $37,497Net Assets 2024: -$8,8522024Assets 2025: $13,636Liabilities 2025: $28,306Net Assets 2025: -$14,6702025

Highlighted filing

2023

Assets$35,762
Liabilities$28,349
Net Assets$7,413

Operations Trend

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

$400K$200K$0-$200KRevenue 2014: $97,230Expenses 2014: $105,845Net Income 2014: -$8,6152014Revenue 2015: $174,764Expenses 2015: $149,667Net Income 2015: $25,0972015Revenue 2016: $182,744Expenses 2016: $174,889Net Income 2016: $7,8552016Revenue 2017: $190,978Expenses 2017: $190,468Net Income 2017: $5102017Revenue 2018: $222,386Expenses 2018: $219,594Net Income 2018: $2,7922018Revenue 2019: $41,104Expenses 2019: $90,605Net Income 2019: -$49,5012019Revenue 2020: $146,523Expenses 2020: $121,346Net Income 2020: $25,1772020Revenue 2021: $134,989Expenses 2021: $125,573Net Income 2021: $9,4162021Revenue 2022: $201,268Expenses 2022: $177,192Net Income 2022: $24,0762022Revenue 2023: $212,434Expenses 2023: $239,110Net Income 2023: -$26,6762023Revenue 2024: $325,720Expenses 2024: $353,734Net Income 2024: -$28,0142024Revenue 2025: $370,625Expenses 2025: $383,135Net Income 2025: -$12,5102025

Highlighted filing

2023

Revenue$212,434
Expenses$239,110
Net Income-$26,676
Jump To
Filing Snapshot
Filing Period
Jun 1, 2022 to May 31, 2023
Signed
Mar 4, 2024
Return Version
2022v5.0
Gross Receipts
$221,216
Mission and Program Overview

Mission

Centennial state ballet is committed to engaging, enriching, and inspiring youth through exceptional ballet education, performance, and community engagement. Our mission is to engage, enrich, and inspire the human spirit through artistically exceptional youth ballet education, performance, and community engagement. We offer a comprehensive pre-professional ballet program that promotes technical excellence, resilience, confidence, and a sense of community.

To engage, enrich, and inspire the human spirit through artistically exceptional youth ballet performances

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$850$13,567▲ $12,717
Inventories for Sale or Use$9,985$12,980▲ $2,995
Loans From Officers Directors$8,393--
Cash and Non-Interest-Bearing Accounts$38,092$8,141▼ $29,951
Savings and Temporary Cash Investments$4,073$1,074▼ $2,999
Total Assets$53,000$35,762▼ $17,238
Liabilities
Mortgage Notes Payable Secured by Investment Property-$18,399-
Accounts Payable and Accrued Expenses$11,047$9,950▼ $1,097
Total Liabilities$19,440$28,349▲ $8,909
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$33,560$7,413▼ $26,147
Total Net Assets Fund Balance$33,560$7,413▼ $26,147
Total Liabilities and Net Assets / Fund Balance$53,000$35,762▼ $17,238
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$37,092
Program Service Revenue
$118,481
Investment Income
$8
Other Revenue
$56,853
All Other Contributions
$37,092
Change in Net Assets
$-26,676
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$141,209
Salaries, Compensation, and Employee Benefits$97,901
Total Fundraising Expense$3,150
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$54,042$34,226$1,801$90,069
Occupancy$34,249$11,416-$45,665
Information Technology$9,090$13,636-$22,726
Advertising$10,007$1,766-$11,773
Payroll Taxes$4,699$2,976$157$7,832
Fees for Services Other$6,845--$6,845
Office Expenses$929$5,268-$6,197
Insurance-$5,877-$5,877
Fees for Services Accounting-$2,711-$2,711
Other Expenses$416$415$581$831
Fees for Services Legal-$735-$735
All Other Expenses--$611$611
Travel$147$148-$295
Total Functional Expenses$154,145$81,815$3,150$239,110
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$6,717
Fundraising Direct Expenses$1,707
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$8,393--
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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

All board members are provided a copy of the form 990 for review. The form 990 is discussed as an agenda item at the subsequent board meeting before the return is filed with the internal revenue service.

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

Annually, the conflict of interest reporting is reviewed by the board. Additionally, and routinely, the board requests all conflicts of interest to be disclosed and/or updated. The organization has an extensive conflict of interest policy that requires any officer, director, or employee with a conflict or potential conflict of interest to disclose all relevant information.

Form 990, Page 6, Part VI, Line 19

All governing documents, policies, and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Centennial State Ballet
EIN
46-1273310
Phone
3037721335
Address
338 MAIN STREET STE 3, LONGMONT, CO 80501

Signing Officer

Name
Moriah Sullivan
Title
President
Phone
3037721335
Signed
2024-03-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Moriah Sullivan
Formed
2012
Legal Domicile
Co
Voting Board Members
9
Independent Board Members
9
Employees
22
Volunteers
100

Preparer

Firm
Altruic Advisors Cpas
Address
417 FOREST AVENUE, PLYMOUTH, MI 48170
Preparer
Ryan N Hagan CPA
Phone
8882985297
Supplemental Narrative

Additional Explanations

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

Centennial state ballet produced five performances: 1) garden party: a senior celebration featured a collaboration with local musicians, a swing thing; they performed as accompaniment to new choreography by ead, kristin kingsley and alumni. 2) fall showcase featuring the firebird included choreography by kat rogers and kristin kingsley with piano accompaniment. Additional contemporary work was choreographed by laura malpass then set on and performed csb's youth company members. 3) the sugar plum tea party returned for the 2022/23 season sponsored, in part, by amd. This production is a sensory friendly shortened version of our nutcracker. 4) the nutcracker, featured by kat rogers, ellie hara, and kristin kingsley and due to ongoing covid restrictions, featured a six- member chamber orchestra. 5) gala performance featuring the little snow white, a brand new ballet choreographed by kristin kingsley. Piano accompaniment was also used for this performance.

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

Company membership: youth performers cultivate a variety of soft skills that help prepare them for their future endeavors, whether or not they choose to pursue dance as a professional career. During the rehearsal process, company members must learn to be attentive, detail-oriented self advocates who are aware of their responsibilities and the needs of those around them. They learn to work collaboratively to solve problems and to respond respectfully and kindly when others need their help. They develop a strong work ethic via this process, remaining committed to their own excellence as well as the collaborative success of the overall production. During performance, the company members must perform with clarity and honesty before large audiences. They must react proactively to the challenges that live performance can bring, be it a dropped prop or a missed note in the orchestra. Through live performance, company members realize they can prepare and work to improve their personal success; however, the overall success of the production requires the collaboration of hundreds of individuals, including staff, volunteers, stage hands, and other performers. These are powerful lessons that help our alum succeed now and in the future. For the season,garden party 2022: a senior celebration featured alumni dancers, senior company members, and additional current company members. Fall showcase 2022 featuring the firebird included youth company members and community member volunteers. The nutcracker 2022 included youth company members performing alongside community member volunteers and members of the artistic staff. Gala performance 2023 featuring the little snow white, included youth company members, community member volunteers, members of the artistic staff and guest artists. Centennial state ballet cultivates a thriving boys ballet program.

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IRS990/ProgSrvcAccomActy2Grp/Desc0COMPANY MEMBERSHIP: YOUTH PERFORMERS CULTIVATE A VARIETY OF SOFT SKILLS THAT HELP PREPARE THEM FOR THEIR FUTURE ENDEAVORS, WHETHER OR NOT THEY CHOOSE TO PURSUE DANCE AS A PROFESSIONAL CAREER. DURING THE REHEARSAL PROCESS, COMPANY MEMBERS MUST LEARN TO BE ATTENTIVE, DETAIL-ORIENTED SELF ADVOCATES WHO ARE AWARE OF THEIR RESPONSIBILITIES AND THE NEEDS OF THOSE AROUND THEM. THEY LEARN TO WORK COLLABORATIVELY TO SOLVE PROBLEMS AND TO RESPOND RESPECTFULLY AND KINDLY WHEN OTHERS NEED THEIR HELP. THEY DEVELOP A STRONG WORK ETHIC VIA THIS PROCESS, REMAINING COMMITTED TO THEIR OWN EXCELLENCE AS WELL AS THE COLLABORATIVE SUCCESS OF THE OVERALL PRODUCTION. DURING PERFORMANCE, THE COMPANY MEMBERS MUST PERFORM WITH CLARITY AND HONESTY BEFORE LARGE AUDIENCES. THEY MUST REACT PROACTIVELY TO THE CHALLENGES THAT LIVE PERFORMANCE CAN BRING, BE IT A DROPPED PROP OR A MISSED NOTE IN THE ORCHESTRA. THROUGH LIVE PERFORMANCE, COMPANY MEMBERS REALIZE THEY CAN PREPARE AND WORK TO IMPROVE THEIR PERSONAL SUCCESS; HOWEVER, THE OVERALL SUCCESS OF THE PRODUCTION REQUIRES THE COLLABORATION OF HUNDREDS OF INDIVIDUALS, INCLUDING STAFF, VOLUNTEERS, STAGE HANDS, AND OTHER PERFORMERS. THESE ARE POWERFUL LESSONS THAT HELP OUR ALUM SUCCEED NOW AND IN THE FUTURE. FOR THE SEASON,GARDEN PARTY 2022: A SENIOR CELEBRATION FEATURED ALUMNI DANCERS, SENIOR COMPANY MEMBERS, AND ADDITIONAL CURRENT COMPANY MEMBERS. FALL SHOWCASE 2022 FEATURING THE FIREBIRD INCLUDED YOUTH COMPANY MEMBERS AND COMMUNITY MEMBER VOLUNTEERS. THE NUTCRACKER 2022 INCLUDED YOUTH COMPANY MEMBERS PERFORMING ALONGSIDE COMMUNITY MEMBER VOLUNTEERS AND MEMBERS OF THE ARTISTIC STAFF. GALA PERFORMANCE 2023 FEATURING THE LITTLE SNOW WHITE, INCLUDED YOUTH COMPANY MEMBERS, COMMUNITY MEMBER VOLUNTEERS, MEMBERS OF THE ARTISTIC STAFF AND GUEST ARTISTS. CENTENNIAL STATE BALLET CULTIVATES A THRIVING BOYS BALLET PROGRAM.
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IRS990/ProgSrvcAccomActy3Grp/Desc0COMMUNITY ENGAGEMENT: STORYTIME PRODUCTIONS WERE STILL NOT POSSIBLE AT LOCAL LIBRARIES, SCHOOLS, AND SENIOR CENTERS, DUE TO COVID RESTRICTIONS.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CENTENNIAL STATE BALLET PRODUCED FIVE PERFORMANCES: 1) GARDEN PARTY: A SENIOR CELEBRATION FEATURED A COLLABORATION WITH LOCAL MUSICIANS, A SWING THING; THEY PERFORMED AS ACCOMPANIMENT TO NEW CHOREOGRAPHY BY EAD, KRISTIN KINGSLEY AND ALUMNI. 2) FALL SHOWCASE FEATURING THE FIREBIRD INCLUDED CHOREOGRAPHY BY KAT ROGERS AND KRISTIN KINGSLEY WITH PIANO ACCOMPANIMENT. ADDITIONAL CONTEMPORARY WORK WAS CHOREOGRAPHED BY LAURA MALPASS THEN SET ON AND PERFORMED CSB'S YOUTH COMPANY MEMBERS. 3) THE SUGAR PLUM TEA PARTY RETURNED FOR THE 2022/23 SEASON SPONSORED, IN PART, BY AMD. THIS PRODUCTION IS A SENSORY FRIENDLY SHORTENED VERSION OF OUR NUTCRACKER. 4) THE NUTCRACKER, FEATURED BY KAT ROGERS, ELLIE HARA, AND KRISTIN KINGSLEY AND DUE TO ONGOING COVID RESTRICTIONS, FEATURED A SIX- MEMBER CHAMBER ORCHESTRA. 5) GALA PERFORMANCE FEATURING THE LITTLE SNOW WHITE, A BRAND NEW BALLET CHOREOGRAPHED BY KRISTIN KINGSLEY. PIANO ACCOMPANIMENT WAS ALSO USED FOR THIS PERFORMANCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1COMPANY MEMBERSHIP: YOUTH PERFORMERS CULTIVATE A VARIETY OF SOFT SKILLS THAT HELP PREPARE THEM FOR THEIR FUTURE ENDEAVORS, WHETHER OR NOT THEY CHOOSE TO PURSUE DANCE AS A PROFESSIONAL CAREER. DURING THE REHEARSAL PROCESS, COMPANY MEMBERS MUST LEARN TO BE ATTENTIVE, DETAIL-ORIENTED SELF ADVOCATES WHO ARE AWARE OF THEIR RESPONSIBILITIES AND THE NEEDS OF THOSE AROUND THEM. THEY LEARN TO WORK COLLABORATIVELY TO SOLVE PROBLEMS AND TO RESPOND RESPECTFULLY AND KINDLY WHEN OTHERS NEED THEIR HELP. THEY DEVELOP A STRONG WORK ETHIC VIA THIS PROCESS, REMAINING COMMITTED TO THEIR OWN EXCELLENCE AS WELL AS THE COLLABORATIVE SUCCESS OF THE OVERALL PRODUCTION. DURING PERFORMANCE, THE COMPANY MEMBERS MUST PERFORM WITH CLARITY AND HONESTY BEFORE LARGE AUDIENCES. THEY MUST REACT PROACTIVELY TO THE CHALLENGES THAT LIVE PERFORMANCE CAN BRING, BE IT A DROPPED PROP OR A MISSED NOTE IN THE ORCHESTRA. THROUGH LIVE PERFORMANCE, COMPANY MEMBERS REALIZE THEY CAN PREPARE AND WORK TO IMPROVE THEIR PERSONAL SUCCESS; HOWEVER, THE OVERALL SUCCESS OF THE PRODUCTION REQUIRES THE COLLABORATION OF HUNDREDS OF INDIVIDUALS, INCLUDING STAFF, VOLUNTEERS, STAGE HANDS, AND OTHER PERFORMERS. THESE ARE POWERFUL LESSONS THAT HELP OUR ALUM SUCCEED NOW AND IN THE FUTURE. FOR THE SEASON,GARDEN PARTY 2022: A SENIOR CELEBRATION FEATURED ALUMNI DANCERS, SENIOR COMPANY MEMBERS, AND ADDITIONAL CURRENT COMPANY MEMBERS. FALL SHOWCASE 2022 FEATURING THE FIREBIRD INCLUDED YOUTH COMPANY MEMBERS AND COMMUNITY MEMBER VOLUNTEERS. THE NUTCRACKER 2022 INCLUDED YOUTH COMPANY MEMBERS PERFORMING ALONGSIDE COMMUNITY MEMBER VOLUNTEERS AND MEMBERS OF THE ARTISTIC STAFF. GALA PERFORMANCE 2023 FEATURING THE LITTLE SNOW WHITE, INCLUDED YOUTH COMPANY MEMBERS, COMMUNITY MEMBER VOLUNTEERS, MEMBERS OF THE ARTISTIC STAFF AND GUEST ARTISTS. CENTENNIAL STATE BALLET CULTIVATES A THRIVING BOYS BALLET PROGRAM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL BOARD MEMBERS ARE PROVIDED A COPY OF THE FORM 990 FOR REVIEW. THE FORM 990 IS DISCUSSED AS AN AGENDA ITEM AT THE SUBSEQUENT BOARD MEETING BEFORE THE RETURN IS FILED WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ANNUALLY, THE CONFLICT OF INTEREST REPORTING IS REVIEWED BY THE BOARD. ADDITIONALLY, AND ROUTINELY, THE BOARD REQUESTS ALL CONFLICTS OF INTEREST TO BE DISCLOSED AND/OR UPDATED. THE ORGANIZATION HAS AN EXTENSIVE CONFLICT OF INTEREST POLICY THAT REQUIRES ANY OFFICER, DIRECTOR, OR EMPLOYEE WITH A CONFLICT OR POTENTIAL CONFLICT OF INTEREST TO DISCLOSE ALL RELEVANT INFORMATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4B
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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