Civic Intelligence

Greensboro Ballet Inc.

990 • Fiscal year 2020 • EIN 56-6075580

Aug 01, 2019 to Jul 31, 2020 • Filed on May 19, 2022

200 North Davie StreetGreensboro, NC 27401-2819

(336) 333-7480

Siviq Scores

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

Liabilities / Assets

95th percentile

1.63x

Higher debt load relative to assets than 95% of similar nonprofits.

2020 filings • NTEE A • <$500k nonprofits • Source year 2020

Liabilities / Revenue

79th percentile

0.21x

Higher debt load relative to revenue than 79% of similar nonprofits.

2020 filings • NTEE A • <$500k nonprofits • Source year 2020

Net Margin

56th percentile

9.5%

Higher net margin than 56% of similar nonprofits.

2020 filings • NTEE A • <$500k nonprofits • Source year 2020

Top Officer Pay

89th percentile

$30,225

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 8.4% of source-year revenue.

2020 filings • NTEE A • <$500k nonprofits • Source year 2020

Asset Growth

82nd percentile

79%

Faster asset growth than 82% of similar nonprofits.

2020 filings • NTEE A • <$500k nonprofits • Annualized from 2018 to 2020

Revenue Growth

67th percentile

-2.9%

Faster revenue growth than 67% of similar nonprofits.

2020 filings • NTEE A • <$500k nonprofits • Annualized from 2018 to 2020

Assets

Up

$46,154

Up $31,738 (+220%) from 2018

Net Assets

Up

-$28,956

Up $31,261 (+52%) from 2018

Liabilities

Up

$75,110

Up $477 (+0.6%) from 2018

Revenue

Down

$361,454

Down $22,136 (-5.8%) from 2018

Expenses

Down

$327,207

Down $62,990 (-16%) from 2018

Net Income

Up

$34,247

Up $40,854 (+618%) from 2018

Historical Trend

Balance Sheet Trend

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

$100K$50K$0-$50K-$100KAssets 2011: $74,667Liabilities 2011: $16,726Net Assets 2011: $57,9412011Assets 2012: $47,574Liabilities 2012: $29,300Net Assets 2012: $18,2742012Assets 2013: $43,064Liabilities 2013: $2,391Net Assets 2013: $40,6732013Assets 2014: $33,662Liabilities 2014: $21,714Net Assets 2014: $11,9482014Assets 2015: $13,698Liabilities 2015: $24,832Net Assets 2015: -$11,1342015Assets 2016: $28,755Liabilities 2016: $44,185Net Assets 2016: -$15,4302016Assets 2017: $8,143Liabilities 2017: $61,750Net Assets 2017: -$53,6072017Assets 2018: $14,416Liabilities 2018: $74,633Net Assets 2018: -$60,2172018Assets 2020: $46,154Liabilities 2020: $75,110Net Assets 2020: -$28,9562020Assets 2021: $32,183Liabilities 2021: $47,272Net Assets 2021: -$15,0892021Assets 2022: $53,408Liabilities 2022: $39,043Net Assets 2022: $14,3652022Assets 2023: $34,717Liabilities 2023: $26,505Net Assets 2023: $8,2122023Assets 2024: $37,332Liabilities 2024: $5,585Net Assets 2024: $31,7472024Assets 2025: $36,485Liabilities 2025: $8,301Net Assets 2025: $28,1842025

Highlighted filing

2020

Assets$46,154
Liabilities$75,110
Net Assets-$28,956

Operations Trend

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

$800K$600K$400K$200K$0-$200KRevenue 2011: $690,455Expenses 2011: $667,082Net Income 2011: $23,3732011Revenue 2012: $465,422Expenses 2012: $505,089Net Income 2012: -$39,6672012Revenue 2013: $431,248Expenses 2013: $408,849Net Income 2013: $22,3992013Revenue 2014: $455,231Expenses 2014: $484,557Net Income 2014: -$29,3262014Revenue 2015: $388,118Expenses 2015: $446,135Net Income 2015: -$58,0172015Revenue 2016: $369,896Expenses 2016: $374,192Net Income 2016: -$4,2962016Revenue 2017: $374,975Expenses 2017: $432,793Net Income 2017: -$57,8182017Revenue 2018: $383,590Expenses 2018: $390,197Net Income 2018: -$6,6072018Revenue 2020: $361,454Expenses 2020: $327,207Net Income 2020: $34,2472020Revenue 2021: $238,129Expenses 2021: $224,271Net Income 2021: $13,8582021Revenue 2022: $341,342Expenses 2022: $309,433Net Income 2022: $31,9092022Revenue 2023: $341,422Expenses 2023: $347,575Net Income 2023: -$6,1532023Revenue 2024: $410,978Expenses 2024: $393,596Net Income 2024: $17,3822024Revenue 2025: $363,194Expenses 2025: $353,047Net Income 2025: $10,1472025

Highlighted filing

2020

Revenue$361,454
Expenses$327,207
Net Income$34,247
Jump To
Filing Snapshot
Filing Period
Aug 1, 2019 to Jul 31, 2020
Signed
May 19, 2022
Return Version
2019v5.2
Gross Receipts
$361,454
Mission and Program Overview

Mission

To promote and foster dance through high quality programs and classes in the triad nc area.

Greensboro ballet inc. Was created to promote and foster dance through high quality programs and classes in the triad nc area

Balance Sheet Detail
LineBeginningEndChange
Assets
Loans From Officers Directors$75,000$59,318▼ $15,682
Cash and Non-Interest-Bearing Accounts$17,125$43,642▲ $26,517
Land, Buildings, and Equipment, Net$0$2,512▲ $2,512
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$17,125$46,154▲ $29,029
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$10,854▲ $10,854
Unsecured Notes Loans Payable$5,328$4,938▼ $390
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$80,328$75,110▼ $5,218
Net Assets / Fund Balance
Net Assets With Donor Restrictions$0$0→ $0
Net Assets Without Donor Restrictions$-63,203$-28,956▲ $34,247
Total Net Assets Fund Balance$-63,203$-28,956▲ $34,247
Total Liabilities and Net Assets / Fund Balance$17,125$46,154▲ $29,029

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0$0$0
Other Land Buildings$0$0$0
Land$0-$0
Equipment$2,512$158,368$0
Leasehold Improvements$0$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jennifer GentryInterim Executive DirectorFT$30,225$30,225

Board Members and Trustees

NameTitle
Jennifer JonesBoard Chair
Rayna StoychevaVice Chair
Brian CoghillBoard Member
Heather CoghillBoard Member
Jasmin HaineyBoard Member
Patsy LairdBoard Member
Will NapperBoard Member
Stephanie KochSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$16,675
Program Service Revenue
$344,779
Investment Income
$0
Other Revenue
$0
All Other Contributions
$3,675
Change in Net Assets
$34,247
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$166,812
Other Expenses$160,395
Total Fundraising Expense$22,634
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$103,733$12,204$6,102$122,039
Other Expenses$80,673$0$0$80,673
Current Officers, Directors, Trustees, and Key Employees$25,692$3,022$1,511$30,225
Advertising$22,078$0$2,453$24,531
Payroll Taxes$12,366$1,455$727$14,548
All Other Expenses$4,818$4,817$4,817$14,452
Occupancy$4,950$990$660$6,600
Information Technology$1,431$1,431$1,431$4,293
Fees for Services Legal$1,050$3,150$0$4,200
Insurance$3,522$414$207$4,143
Fees for Services Accounting$1,005$3,015$0$4,020
Office Expenses$578$578$129$1,285
Interest$0$689$0$689
Total Functional Expenses$270,029$34,544$22,634$327,207
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
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$75,000$59,318▼ $15,682
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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
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

Part VI, Line 12C

Officers and board members are required to read and sign annually a statement stating that to the best of their knowledge they have not been in a position of possible conflict of interests.

Filing and Contact Details

Filer

Filer Name
Greensboro Ballet Inc
EIN
56-6075580
In Care Of
% JENNIFER GENTRY
Phone
3363337480
Address
200 NORTH DAVIE STREET, GREENSBORO, NC 27401-2819

Signing Officer

Name
Jennifer Gentry
Title
Interim Executive Director
Signed
2022-05-19
Discuss with paid preparer
No

Organization Details

Formed
1967
Legal Domicile
Nc
Voting Board Members
8
Independent Board Members
8
Employees
15
Volunteers
58
Supplemental Narrative

Financial Statement Notes

Part X, line 2

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IRS990/InformationTechnologyGrp/ProgramServicesAmt01431
IRS990/InformationTechnologyGrp/TotalAmt04293
IRS990/InsuranceGrp/FundraisingAmt0207
IRS990/InsuranceGrp/ManagementAndGeneralAmt0414
IRS990/InsuranceGrp/ProgramServicesAmt03522
IRS990/InsuranceGrp/TotalAmt04143
IRS990/IntangibleAssetsGrp/BOYAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/FundraisingAmt00
IRS990/InterestGrp/ManagementAndGeneralAmt0689
IRS990/InterestGrp/ProgramServicesAmt00
IRS990/InterestGrp/TotalAmt0689
IRS990/InventoriesForSaleOrUseGrp/BOYAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentExpenseAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt00
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt00
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt00
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt00
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt019
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0158368
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02512
IRS990/LandBldgEquipCostOrOtherBssAmt0160880
IRS990/LegalDomicileStateCd0NC
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt00
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt00
IRS990/LessRentalExpensesGrp/PersonalAmt00
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd0true
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt075000
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt059318
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembershipDuesAmt00
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MiscellaneousRevenueGrp/ExclusionAmt00
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt00
IRS990/MiscellaneousRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/MissionDesc0TO PROMOTE AND FOSTER DANCE THROUGH HIGH QUALITY PROGRAMS AND CLASSES IN THE TRIAD NC AREA
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt0-63203
IRS990/NetAssetsOrFundBalancesEOYAmt0-28956
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt00
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetGainOrLossInvestmentsGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetIncomeFromGamingGrp/ExclusionAmt00
IRS990/NetIncomeFromGamingGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetIncomeOrLossGrp/ExclusionAmt00
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt00
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-63203
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-28956
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt0660
IRS990/OccupancyGrp/ManagementAndGeneralAmt0990
IRS990/OccupancyGrp/ProgramServicesAmt04950
IRS990/OccupancyGrp/TotalAmt06600
IRS990/OfficeExpensesGrp/FundraisingAmt0129
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0578
IRS990/OfficeExpensesGrp/ProgramServicesAmt0578
IRS990/OfficeExpensesGrp/TotalAmt01285
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0COPIER AND MAINTENANCE EXPENSES
IRS990/OtherExpensesGrp/Desc1BALLET SCHOOL EXPENSES
IRS990/OtherExpensesGrp/Desc2FUNDRAISING EXPENSES
IRS990/OtherExpensesGrp/Desc3PERFORMANCE EXPENSES
IRS990/OtherExpensesGrp/FundraisingAmt02779
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt21818
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02779
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt30
IRS990/OtherExpensesGrp/ProgramServicesAmt02778
IRS990/OtherExpensesGrp/ProgramServicesAmt15355
IRS990/OtherExpensesGrp/ProgramServicesAmt20
IRS990/OtherExpensesGrp/ProgramServicesAmt380673
IRS990/OtherExpensesGrp/TotalAmt08336
IRS990/OtherExpensesGrp/TotalAmt15355
IRS990/OtherExpensesGrp/TotalAmt21818
IRS990/OtherExpensesGrp/TotalAmt380673
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueMiscGrp/ExclusionAmt00
IRS990/OtherRevenueMiscGrp/ExclusionAmt10
IRS990/OtherRevenueMiscGrp/ExclusionAmt20
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt10
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt20
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt00
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt10
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt20
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt00
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt10
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt20
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt06102
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt012204
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0103733
IRS990/OtherSalariesAndWagesGrp/TotalAmt0122039
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/FundraisingAmt00
IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt00
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt00
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/FundraisingAmt0727
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01455
IRS990/PayrollTaxesGrp/ProgramServicesAmt012366
IRS990/PayrollTaxesGrp/TotalAmt014548
IRS990/PensionPlanContributionsGrp/FundraisingAmt00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.36$0.08$0.28$3.63$3.53$0.10
2024Detailed filing. Detailed filing data is available for this year.$0.37$0.06$0.32$4.11$3.94$0.17
2023Detailed filing. Detailed filing data is available for this year.$0.35$0.27$0.08$3.41$3.48$0.06
2022Detailed filing. Detailed filing data is available for this year.$0.53$0.39$0.14$3.41$3.09$0.32
2021Detailed filing. Detailed filing data is available for this year.$0.32$0.47$0.15$2.38$2.24$0.14
2020Detailed filing. Detailed filing data is available for this year.$0.46$0.75$0.29$3.61$3.27$0.34
2018Summary only. Only limited summary data is available for this year.$0.14$0.75$0.60$3.84$3.90$0.07
2017Summary only. Only limited summary data is available for this year.$0.08$0.62$0.54$3.75$4.33$0.58
2016Summary only. Only limited summary data is available for this year.$0.29$0.44$0.15$3.70$3.74$0.04
2015Summary only. Only limited summary data is available for this year.$0.14$0.25$0.11$3.88$4.46$0.58
2014Summary only. Only limited summary data is available for this year.$0.34$0.22$0.12$4.55$4.85$0.29
2013Summary only. Only limited summary data is available for this year.$0.43$0.02$0.41$4.31$4.09$0.22
2012Summary only. Only limited summary data is available for this year.$0.48$0.29$0.18$4.65$5.05$0.40
2011Summary only. Only limited summary data is available for this year.$0.75$0.17$0.58$6.90$6.67$0.23