Civic Intelligence

Mobile Ballet Inc

EIN 63-0850134 • 501(c)3 • Mobile, AL

Profile

To provide superior dance education, to present quality performances, and to promote the ballet to the community as an expression of human spirit.

4351 Downtowner Loop NMobile, AL 36609

mobileballet.org

Siviq Scores

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

Liabilities / Assets

86th percentile

0.62x

Higher debt load relative to assets than 86% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

88th percentile

0.97x

Higher debt load relative to revenue than 88% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

44th percentile

1.9%

Higher net margin than 44% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

86th percentile

33%

Faster asset growth than 86% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

56th percentile

11%

Faster revenue growth than 56% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$1,892,316

Up $474,415 (+33%) from 2023

Liabilities

Up

$1,171,742

Up $451,362 (+63%) from 2023

Net Assets

Up

$720,574

Up $23,053 (+3.3%) from 2023

Revenue

Up

$1,206,610

Up $115,172 (+11%) from 2023

Expenses

Up

$1,183,557

Up $107,127 (+10.0%) from 2023

Net Income

Up

$23,053

Up $8,045 (+54%) from 2023

Trend Graphs

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2010: $1,116,605Liabilities 2010: $224,069Net Assets 2010: $892,5362010Assets 2011: $1,138,721Liabilities 2011: $217,458Net Assets 2011: $921,2632011Assets 2012: $1,200,096Liabilities 2012: $210,372Net Assets 2012: $989,7242012Assets 2013: $1,189,754Liabilities 2013: $202,683Net Assets 2013: $987,0712013Assets 2014: $1,164,204Liabilities 2014: $194,388Net Assets 2014: $969,8162014Assets 2015: $686,045Liabilities 2015: $185,440Net Assets 2015: $500,6052015Assets 2016: $703,031Liabilities 2016: $175,825Net Assets 2016: $527,2062016Assets 2017: $593,611Liabilities 2017: $165,416Net Assets 2017: $428,1952017Assets 2018: $480,414Liabilities 2018: $201,988Net Assets 2018: $278,4262018Assets 2019: $453,803Liabilities 2019: $183,738Net Assets 2019: $270,0652019Assets 2020: $503,831Liabilities 2020: $231,026Net Assets 2020: $272,8052020Assets 2021: $569,537Liabilities 2021: $287,963Net Assets 2021: $281,5742021Assets 2022: $927,461Liabilities 2022: $244,948Net Assets 2022: $682,5132022Assets 2023: $1,417,901Liabilities 2023: $720,380Net Assets 2023: $697,5212023Assets 2024: $1,892,316Liabilities 2024: $1,171,742Net Assets 2024: $720,5742024

Highlighted filing

2024

Assets$1,892,316
Liabilities$1,171,742
Net Assets$720,574

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $777,4862010Revenue 2011: $804,086Expenses 2011: $775,359Net Income 2011: $28,7272011Expenses 2012: $741,5382012Expenses 2013: $874,1872013Revenue 2014: $844,588Expenses 2014: $861,843Net Income 2014: -$17,2552014Revenue 2015: $894,041Expenses 2015: $891,933Net Income 2015: $2,1082015Revenue 2016: $997,272Expenses 2016: $970,671Net Income 2016: $26,6012016Revenue 2017: $994,226Expenses 2017: $1,093,237Net Income 2017: -$99,0112017Revenue 2018: $820,382Expenses 2018: $970,151Net Income 2018: -$149,7692018Revenue 2019: $982,940Expenses 2019: $991,301Net Income 2019: -$8,3612019Revenue 2020: $893,504Expenses 2020: $890,764Net Income 2020: $2,7402020Revenue 2021: $724,852Expenses 2021: $716,083Net Income 2021: $8,7692021Revenue 2022: $1,299,910Expenses 2022: $898,971Net Income 2022: $400,9392022Revenue 2023: $1,091,438Expenses 2023: $1,076,430Net Income 2023: $15,0082023Revenue 2024: $1,206,610Expenses 2024: $1,183,557Net Income 2024: $23,0532024

Highlighted filing

2024

Revenue$1,206,610
Expenses$1,183,557
Net Income$23,053

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.89$1.17$0.72$1.21$1.18$0.02
2023Detailed filing. Detailed filing data is available for this year.$1.42$0.72$0.70$1.09$1.08$0.02
2022Detailed filing. Detailed filing data is available for this year.$0.93$0.24$0.68$1.30$0.90$0.40
2021Detailed filing. Detailed filing data is available for this year.$0.57$0.29$0.28$0.72$0.72$0.01
2020Detailed filing. Detailed filing data is available for this year.$0.50$0.23$0.27$0.89$0.89$0.00
2019Detailed filing. Detailed filing data is available for this year.$0.45$0.18$0.27$0.98$0.99$0.01
2018Detailed filing. Detailed filing data is available for this year.$0.48$0.20$0.28$0.82$0.97$0.15
2017Detailed filing. Detailed filing data is available for this year.$0.59$0.17$0.43$0.99$1.09$0.10
2016Detailed filing. Detailed filing data is available for this year.$0.70$0.18$0.53$1.00$0.97$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.69$0.19$0.50$0.89$0.89$0.00
2014Detailed filing. Detailed filing data is available for this year.$1.16$0.19$0.97$0.84$0.86$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.19$0.20$0.99$0.87
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.20$0.21$0.99$0.74
2011Summary only. Only limited summary data is available for this year.$1.14$0.22$0.92$0.80$0.78$0.03
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.12$0.22$0.89$0.78
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 7, 2025
Return Version
2023v6.0
Gross Receipts
$1,247,403
Mission and Program Overview

Mission

To provide superior dance education, to present quality performances, and to promote the ballet to the community as an expression of human spirit.

Ballet training and performances

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,287,864$1,864,114▲ $576,250
Cash and Non-Interest-Bearing Accounts$106,632$23,615▼ $83,017
Investments in Publicly Traded Securities$23,405$4,587▼ $18,818
Total Assets$1,417,901$1,892,316▲ $474,415
Liabilities
Mortgage Notes Payable Secured by Investment Property$560,000$1,008,600▲ $448,600
Other Liabilities$149,900$149,900→ $0
Accounts Payable and Accrued Expenses$10,480$13,242▲ $2,762
Total Liabilities$720,380$1,171,742▲ $451,362
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$697,521$720,574▲ $23,053
Total Net Assets Fund Balance$697,521$720,574▲ $23,053
Total Liabilities and Net Assets / Fund Balance$1,417,901$1,892,316▲ $474,415

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,692,303$257,497$1,949,800
Equipment$23,187$414,308$437,495
Land$140,000-$140,000
Other Land Buildings$8,624$36$8,660
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$270,767
Program Service Revenue
$853,120
Investment Income
$5,467
Other Revenue
$77,256
All Other Contributions
$211,992
Change in Net Assets
$23,053

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,247,403
Revenue Not Reported on Financial Statements
$-40,793
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$-40,793
Total Revenue per Audited Statements
$1,247,403
Total Revenue per Form 990
$1,206,610
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$663,064
Salaries, Compensation, and Employee Benefits$506,329
Total Fundraising Expense$104,621
Grants and Similar Amounts Paid$14,164
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$349,460$59,905$63,070$472,435
Occupancy$82,160$3,934$4,142$90,236
Office Expenses$60,168$5,251$5,529$70,948
Advertising$65,656$715$750$67,121
Interest$47,376$8,121$8,550$64,047
Insurance$45,854$7,860$8,276$61,990
Depreciation Depletion$33,558$5,752$6,056$45,366
Travel$43,971$2$2$43,975
Payroll Taxes$25,071$4,298$4,525$33,894
All Other Expenses$25,860$910$958$27,728
Other Expenses$22,425$405$426$22,425
Grants to Domestic Individuals$14,164--$14,164
Fees for Services Accounting$2,015$346$364$2,725
Total Functional Expenses$979,563$99,373$104,621$1,183,557

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,224,350
Expenses per Audited Statements$1,183,557
Total Expenses per Form 990$1,183,557
Expenses Not Reported on Form 990$40,793
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$25,541
Fundraising Direct Expenses$7,004
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Nutcracker$17,384$17,384$6,368$11,016
Sleeping Beauty Tea$5,566$5,566$636$4,930
Total Events$23,385$23,385$7,004$16,381
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Eidl Loan$149,900
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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, Part VI, Section B, Line 11B

Reviewed by finance committee prior to filing.

Form 990, Part VI, Section B, Line 12C

The organization distributes a form annually to identify and review any conflicts of interest.

Form 990, Part VI, Section B, Line 15

The board's personnel committee researches local and national comparable organizations when making decisions regarding compensation.

Form 990, Part VI, Section C, Line 19

A copy of the organization's governing documents and financial statements may be obtained by written request to the organization office.

Filing and Contact Details

Filer

Filer Name
Mobile Ballet Inc
EIN
63-0850134
Phone
2513422241
Address
4351 DOWNTOWNER LOOP N, MOBILE, AL 36609

Signing Officer

Name
Edie Terreson
Title
President
Phone
2513422241
Signed
2025-05-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Edie Terreson
Formed
1989
Legal Domicile
Al
Voting Board Members
18
Independent Board Members
18
Employees
33
Volunteers
95

Preparer

Firm
Wilkins Miller LLC
Address
PO BOX 70047, MOBILE, AL 36670
Preparer
Michael J Kintz
Phone
2514106700
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The organization believes it has appropriate support for any tax positions taken, and therefore, does not have any uncertain tax positions that are material to the financial statements. The tax years 2020 - 2023 remain open to examination.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Fundraising expenses -7,004. Cost of goods sold -33,789.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Fundraising expenses 7,004. Cost of goods sold 33,789.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD MEMBER
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0853120
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0766866

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