Civic Intelligence

Mississippi Metropolitan Ballet

990 • Fiscal year 2017 • EIN 52-2082130

Aug 01, 2016 to Jul 31, 2017 • Filed on Nov 09, 2017

110 Homestead DrMadison, MS 39110

(601) 853-4508

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.05x

Higher debt load relative to assets than 73% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

65th percentile

0.01x

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

36th percentile

-1.9%

Higher net margin than 36% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

89th percentile

$37,092

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 15.3% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

25th percentile

-13%

Faster asset growth than 25% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

32nd percentile

-12%

Faster revenue growth than 32% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Down

$54,814

Down $8,536 (-13%) from 2016

Net Assets

Down

$51,851

Down $4,647 (-8.2%) from 2016

Liabilities

Down

$2,963

Down $3,889 (-57%) from 2016

Revenue

Down

$241,681

Down $31,533 (-12%) from 2016

Expenses

Down

$246,328

Down $22,888 (-8.5%) from 2016

Net Income

Down

-$4,647

Down $8,645 (-216%) from 2016

Historical Trend

Balance Sheet Trend

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

$200K$150K$100K$50K$0Assets 2011: $10,050Liabilities 2011: $521Net Assets 2011: $9,5292011Assets 2012: $34,013Liabilities 2012: $19,919Net Assets 2012: $14,0942012Assets 2013: $53,180Liabilities 2013: $694Net Assets 2013: $52,4862013Assets 2014: $73,072Liabilities 2014: $15,667Net Assets 2014: $57,4052014Assets 2015: $71,337Liabilities 2015: $18,837Net Assets 2015: $52,5002015Assets 2016: $63,350Liabilities 2016: $6,852Net Assets 2016: $56,4982016Assets 2017: $54,814Liabilities 2017: $2,963Net Assets 2017: $51,8512017Assets 2018: $60,287Liabilities 2018: $352Net Assets 2018: $59,9352018Assets 2019: $52,824Liabilities 2019: $159Net Assets 2019: $52,6652019Assets 2020: $89,799Liabilities 2020: $16,355Net Assets 2020: $73,4442020Assets 2021: $87,570Liabilities 2021: $14,196Net Assets 2021: $73,3742021Assets 2022: $149,962Liabilities 2022: $1,273Net Assets 2022: $148,6892022Assets 2023: $150,840Liabilities 2023: $644Net Assets 2023: $150,1962023

Highlighted filing

2017

Assets$54,814
Liabilities$2,963
Net Assets$51,851

Operations Trend

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

$400K$200K$0-$200KRevenue 2011: $121,325Expenses 2011: $128,895Net Income 2011: -$7,5702011Expenses 2012: $201,6172012Expenses 2013: $380,0382013Revenue 2014: $232,697Expenses 2014: $227,778Net Income 2014: $4,9192014Revenue 2015: $243,455Expenses 2015: $248,360Net Income 2015: -$4,9052015Revenue 2016: $273,214Expenses 2016: $269,216Net Income 2016: $3,9982016Revenue 2017: $241,681Expenses 2017: $246,328Net Income 2017: -$4,6472017Revenue 2018: $246,487Expenses 2018: $238,403Net Income 2018: $8,0842018Revenue 2019: $259,191Expenses 2019: $266,461Net Income 2019: -$7,2702019Revenue 2020: $243,763Expenses 2020: $222,984Net Income 2020: $20,7792020Revenue 2021: $246,678Expenses 2021: $246,757Net Income 2021: -$792021Revenue 2022: $397,736Expenses 2022: $322,421Net Income 2022: $75,3152022Revenue 2023: $331,702Expenses 2023: $330,195Net Income 2023: $1,5072023

Highlighted filing

2017

Revenue$241,681
Expenses$246,328
Net Income-$4,647
Jump To
Filing Snapshot
Filing Period
Aug 1, 2016 to Jul 31, 2017
Signed
Nov 9, 2017
Return Version
2016v3.0
Gross Receipts
$241,681
Mission and Program Overview

Mission

To foster interest in classical ballet, to provide excellence in dance training, to offer serious dancers an opportunity to perform regularly, and to provide programs of the highest artistic quality for the metro jackson area.

Encourage artistic dance (ballet)

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$62,275$53,739▼ $8,536
Rtn Earn Endowment Incm Other Fnds$56,498$51,851▼ $4,647
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$63,350$54,814▼ $8,536
Other Assets Total$1,075$1,075→ $0
Liabilities
Other Liabilities$6,852$2,963▼ $3,889
Total Liabilities$6,852$2,963▼ $3,889
Net Assets / Fund Balance
Total Net Assets Fund Balance$56,498$51,851▼ $4,647
Total Liabilities and Net Assets / Fund Balance$63,350$54,814▼ $8,536
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jennifer BeasleyArtistic DirectorPT$37,092$37,092
Crystal SkeltonExecutive DirectorPT$35,221$35,221

Board Members and Trustees

NameTitle
Margaret LovittGuild President
Alese JonesPast President
Dale ShearerPresident
Danielle CorreroVice President
Anthony BrittAt Large Member
Becky HartAt Large Member
Edwina ThomasAt Large Member
Elizabeth PostAt Large Member
Janet ShearerAt Large Member
Mallorie BondsAt Large Member
Olivia MaleyAt Large Member
Hazel MccaughanSecretary
Jennifer SkrmettiTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$49,755
Program Service Revenue
$190,736
Investment Income
$0
Other Revenue
$1,190
All Other Contributions
$49,755
Change in Net Assets
$-4,647
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$173,113
Salaries, Compensation, and Employee Benefits$73,215
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-$65,836-$65,836
Fees for Services Other$29,405$12,723-$42,128
Occupancy$13,124$27,938-$41,062
Advertising$17,354$3,198-$20,552
Office Expenses$1,274$10,158-$11,432
Travel$9,496--$9,496
Conferences and Meetings$7,663--$7,663
Payroll Taxes-$7,379-$7,379
Fees for Services Accounting-$4,750-$4,750
Insurance-$2,096-$2,096
Information Technology-$1,500-$1,500
Other Expenses$32,037$397-$397
Total Functional Expenses$110,353$135,975$0$246,328
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
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
Payroll Liabilities$1,751
Other Liabilities$1,212
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
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Jennifer beasley, artistic director, is crystal skelton's supervisor in another line of employment unrelated to the mississippi metropolitan ballet.

Form 990, Part VI, Section B, Line 11B

The form 990 is prepared by the organization's certified public accountants and reviewed by the organization's treasurer. A copy of the organization's final form 990 (including required schedules) is provided to each voting member of the organization's governing body. The organization's governing body reviews the form 990, approves the form 990 for filing with the internal revenue service, and authorizes officers of the organization to execute the form 990 on behalf of the organization.

Form 990, Part VI, Section C, Line 19

The organization makes its income tax return and financial information available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Mississippi Metropolitan Ballet
EIN
52-2082130
Phone
6018534508
Address
110 HOMESTEAD DR, MADISON, MS 39110

Signing Officer

Name
Jennifer Skrmetti
Title
Treasurer
Phone
6016050722
Signed
2017-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dale Shearer
Formed
1992
Legal Domicile
Ms
Voting Board Members
13
Independent Board Members
13
Employees
3
Volunteers
0

Preparer

Firm
Harper Rains Knight & Company Pa
Address
1052 HIGHLAND COLONY PKWY STE 100, RIDGELAND, MS 39157
Preparer
Bill Felder CPA
Phone
6016050722
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Other fees: program service expenses 29,405. Management and general expenses 12,723. Fundraising expenses 0. Total expenses 42,128.

Raw XML AppendixShowing 400 of 456 raw XML fields

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IRS990/ProgramServiceRevenueGrp/Desc3GUILD INCOME
IRS990/ProgramServiceRevenueGrp/Desc4REGIONAL DANCE ASSOCIA
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt064624
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt152385
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt247318
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt326197
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt4212
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt064624
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt152385
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt247318
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt326197
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt4212
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt048290
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0191119
IRS990/PYOtherRevenueAmt022992
IRS990/PYProgramServiceRevenueAmt0201932
IRS990/PYRevenuesLessExpensesAmt03998
IRS990/PYSalariesCompEmpBnftPaidAmt078097
IRS990/PYTotalExpensesAmt0269216
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0273214
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-4647
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0190736
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt056498
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt051851
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt049755
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt048290
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt046726
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt049934
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt076845
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0271550
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0190736
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0201932
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0195776
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0180144
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0340547
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01109135
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt01190
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt022992
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt0953
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt02037
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt01039
IRS990ScheduleA/OtherIncome509Grp/TotalAmt028211
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98000
IRS990ScheduleA/PublicSupportPY509Pct00.97930
IRS990ScheduleA/PublicSupportTotal509Amt01380685
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0240491
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0250222
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0242502
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0230078
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0417392
IRS990ScheduleA/Total509Grp/TotalAmt01380685
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0241681
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0273214
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0243455
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0232115
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0418431
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01408896
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/OtherLiabilitiesOrgGrp/Amt01751
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11212
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1OTHER LIABILITIES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalLiabilityAmt02963
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0JENNIFER BEASLEY, ARTISTIC DIRECTOR, IS CRYSTAL SKELTON'S SUPERVISOR IN ANOTHER LINE OF EMPLOYMENT UNRELATED TO THE MISSISSIPPI METROPOLITAN BALLET.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS PREPARED BY THE ORGANIZATION'S CERTIFIED PUBLIC ACCOUNTANTS AND REVIEWED BY THE ORGANIZATION'S TREASURER. A COPY OF THE ORGANIZATION'S FINAL FORM 990 (INCLUDING REQUIRED SCHEDULES) IS PROVIDED TO EACH VOTING MEMBER OF THE ORGANIZATION'S GOVERNING BODY. THE ORGANIZATION'S GOVERNING BODY REVIEWS THE FORM 990, APPROVES THE FORM 990 FOR FILING WITH THE INTERNAL REVENUE SERVICE, AND AUTHORIZES OFFICERS OF THE ORGANIZATION TO EXECUTE THE FORM 990 ON BEHALF OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS INCOME TAX RETURN AND FINANCIAL INFORMATION AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3OTHER FEES: PROGRAM SERVICE EXPENSES 29,405. MANAGEMENT AND GENERAL EXPENSES 12,723. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 42,128.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MS
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt063350
IRS990/TotalAssetsEOYAmt054814
IRS990/TotalAssetsGrp/BOYAmt063350
IRS990/TotalAssetsGrp/EOYAmt054814
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt049755
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0135975
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0110353
IRS990/TotalFunctionalExpensesGrp/TotalAmt0246328
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt06852
IRS990/TotalLiabilitiesEOYAmt02963
IRS990/TotalLiabilitiesGrp/BOYAmt06852
IRS990/TotalLiabilitiesGrp/EOYAmt02963
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt056498
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt051851
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0110353
IRS990/TotalProgramServiceRevenueAmt0190736
IRS990/TotalReportableCompFromOrgAmt072313
IRS990/TotalRevenueGrp/ExclusionAmt01190

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$1.51$0.01$1.50$3.32$3.30$0.02
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.50$0.01$1.49$3.98$3.22$0.75
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.88$0.14$0.73$2.47$2.47$0.00
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.90$0.16$0.73$2.44$2.23$0.21
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.53$0.00$0.53$2.59$2.66$0.07
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.60$0.00$0.60$2.46$2.38$0.08
2017Detailed filing. Detailed filing data is available for this year.$0.55$0.03$0.52$2.42$2.46$0.05
2016Detailed filing. Detailed filing data is available for this year.$0.63$0.07$0.56$2.73$2.69$0.04
2015Detailed filing. Detailed filing data is available for this year.$0.71$0.19$0.53$2.43$2.48$0.05
2014Summary only. Only limited summary data is available for this year.$0.73$0.16$0.57$2.33$2.28$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.53$0.01$0.52$3.80
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.34$0.20$0.14$2.02
2011Summary only. Only limited summary data is available for this year.$0.10$0.01$0.10$1.21$1.29$0.08
Peer Organizations

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