Civic Intelligence

Ballet Magnificat Inc

990 • Fiscal year 2015 • EIN 64-0732185

Jan 01, 2015 to Dec 31, 2015 • Filed on Jul 15, 2016

5406 North I-55Jackson, MS 39211

(601) 977-1001

Siviq Scores

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

Liabilities / Assets

31st percentile

0.02x

Higher debt load relative to assets than 31% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

20th percentile

0.01x

Higher debt load relative to revenue than 20% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

26th percentile

-6.1%

Higher net margin than 26% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

45th percentile

$53,025

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 3.4% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

10th percentile

-12%

Faster asset growth than 10% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

43rd percentile

0.9%

Faster revenue growth than 43% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Down

$622,689

Down $86,845 (-12%) from 2014

Net Assets

Down

$609,035

Down $94,165 (-13%) from 2014

Liabilities

Up

$13,654

Up $7,320 (+116%) from 2014

Revenue

Up

$1,553,216

Up $13,365 (+0.9%) from 2014

Expenses

Up

$1,647,386

Up $317,771 (+24%) from 2014

Net Income

Down

-$94,170

Down $304,406 (-145%) from 2014

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2011: $562,651Liabilities 2011: $273,712Net Assets 2011: $288,9392011Assets 2012: $659,288Liabilities 2012: $232,010Net Assets 2012: $427,2782012Assets 2013: $711,852Liabilities 2013: $218,890Net Assets 2013: $492,9622013Assets 2014: $709,534Liabilities 2014: $6,334Net Assets 2014: $703,2002014Assets 2015: $622,689Liabilities 2015: $13,654Net Assets 2015: $609,0352015Assets 2016: $591,643Liabilities 2016: $15,667Net Assets 2016: $575,9762016Assets 2017: $624,449Liabilities 2017: $9,897Net Assets 2017: $614,5522017Assets 2018: $661,429Liabilities 2018: $57,684Net Assets 2018: $603,7452018Assets 2019: $753,853Liabilities 2019: $15,097Net Assets 2019: $738,7562019Assets 2020: $895,375Liabilities 2020: $1,101Net Assets 2020: $894,2742020Assets 2021: $1,863,123Liabilities 2021: $0Net Assets 2021: $1,863,1232021Assets 2022: $2,044,965Liabilities 2022: $9,858Net Assets 2022: $2,035,1072022Assets 2023: $1,871,603Liabilities 2023: $9,739Net Assets 2023: $1,861,8642023Assets 2024: $1,938,587Liabilities 2024: $9,895Net Assets 2024: $1,928,6922024

Highlighted filing

2015

Assets$622,689
Liabilities$13,654
Net Assets$609,035

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $1,360,1442011Expenses 2012: $1,485,7222012Revenue 2013: $1,486,961Expenses 2013: $1,421,276Net Income 2013: $65,6852013Revenue 2014: $1,539,851Expenses 2014: $1,329,615Net Income 2014: $210,2362014Revenue 2015: $1,553,216Expenses 2015: $1,647,386Net Income 2015: -$94,1702015Revenue 2016: $1,653,455Expenses 2016: $1,686,514Net Income 2016: -$33,0592016Revenue 2017: $1,688,249Expenses 2017: $1,649,672Net Income 2017: $38,5772017Revenue 2018: $1,759,887Expenses 2018: $1,770,694Net Income 2018: -$10,8072018Revenue 2019: $1,835,275Expenses 2019: $1,700,264Net Income 2019: $135,0112019Revenue 2020: $1,313,365Expenses 2020: $1,305,775Net Income 2020: $7,5902020Revenue 2021: $2,272,042Expenses 2021: $1,429,603Net Income 2021: $842,4392021Revenue 2022: $1,869,547Expenses 2022: $1,697,563Net Income 2022: $171,9842022Revenue 2023: $1,942,452Expenses 2023: $2,115,695Net Income 2023: -$173,2432023Revenue 2024: $2,030,590Expenses 2024: $1,963,762Net Income 2024: $66,8282024

Highlighted filing

2015

Revenue$1,553,216
Expenses$1,647,386
Net Income-$94,170
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Jul 15, 2016
Return Version
2015v2.1
Gross Receipts
$1,579,085
Mission and Program Overview

Mission

To promote religion through ballet dancing

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$703,200$609,035▼ $94,165
Land, Buildings, and Equipment, Net$361,347$333,143▼ $28,204
Savings and Temporary Cash Investments$242,938$191,499▼ $51,439
Cash and Non-Interest-Bearing Accounts$82,686$75,933▼ $6,753
Inventories for Sale or Use$19,449$19,000▼ $449
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$709,534$622,689▼ $86,845
Other Assets Total$3,114$3,114→ $0
Liabilities
Accounts Payable and Accrued Expenses$6,134$13,454▲ $7,320
Mortgage Notes Payable Secured by Investment Property$200$200→ $0
Total Liabilities$6,334$13,654▲ $7,320
Net Assets / Fund Balance
Total Net Assets Fund Balance$703,200$609,035▼ $94,165
Total Liabilities and Net Assets / Fund Balance$709,534$622,689▼ $86,845

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$300,367$369,454$669,821
Equipment$12,675$397,241$409,916
Other Land Buildings$3,485$47,066$50,551
Land$16,616-$16,616
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
John VanderveldeTreasurerFT$53,025$53,025
Kathy ThibodeauxVice-presidentFT$49,135$49,135
Keith ThibodeauxPresidentFT$49,010$49,010
Brenda HoldenSecretaryFT$40,167$40,167

Board Members and Trustees

NameTitle
Bryce DrewDirector
Tara T DrewDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$64,500
Program Service Revenue
$1,390,953
Investment Income
$5,959
Other Revenue
$91,804
All Other Contributions
$64,500
Change in Net Assets
$-94,170
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$837,538
Salaries, Compensation, and Employee Benefits$809,848
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$556,251--$556,251
Current Officers, Directors, Trustees, and Key Employees$102,160$89,177-$191,337
Travel$129,518$11,343-$140,861
All Other Expenses$40,416$92,709-$133,125
Payroll Taxes$54,833$7,427-$62,260
Depreciation Depletion$4,833$26,192-$31,025
Insurance-$30,386-$30,386
Other Expenses$35,456$24,023-$24,023
Office Expenses-$18,139-$18,139
Fees for Services Accounting-$9,245-$9,245
Occupancy-$624-$624
Interest-$10-$10
Total Functional Expenses$1,313,889$333,497$0$1,647,386
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
No
Audit committee
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
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 A, Line 2

Keith thibodeaux, president, and kathy thibodeaux, vice president, are husband and wife. Tara drew, director, is keith and kathy thibodeaux's daughter. Bryce drew, director, is tara drew's husband and keith and kathy thibodeaux's son-in-law.

Form 990, Part VI, Section B, Line 11

The officers review the 990 prior to filing. Questions and issues are directed to the organization's certified public accountants.

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

Ongoing - address issues as they arise.

Form 990, Part VI, Section B, Line 15

Board of directors approves salary increases annually only after operating variances from the prior year have been fully explained and justification for a salary increase is present

Form 990, Part VI, Section C, Line 19

BY REQUEST

Filing and Contact Details

Filer

Filer Name
Ballet Magnificat Inc
EIN
64-0732185
Phone
6019771001
Address
5406 NORTH I-55, JACKSON, MS 39211

Signing Officer

Name
Keith R Thibodeaux
Title
President
Phone
6019771001
Signed
2016-07-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Keith R Thibodeaux
Formed
1986
Legal Domicile
Ms
Voting Board Members
6
Independent Board Members
6
Employees
56
Volunteers
0

Preparer

Firm
BREAZEALE SAUNDERS & O'NEIL LTD
Address
PO BOX 80, JACKSON, MS 39205-0080
Preparer
Paul V Breazeale
Phone
6019697440
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

ROUNDING 5.

Raw XML AppendixShowing 400 of 414 raw XML fields

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/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0303079
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0703200
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0609035
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0242938
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0191499
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt064500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt032905
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt046784
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt066894
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt080885
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0291968
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt05959
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt02351
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt03958
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt012268
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt07217034
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt030250
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0151046
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt02297
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt06475
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt04013
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0194081
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.56180
IRS990ScheduleA/PublicSupportPY170Pct00.60040
IRS990ScheduleA/PublicSupportTotal170Amt0291968
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt064500
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt032905
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt046784
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt066894
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt080885
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0291968
IRS990ScheduleA/TotalSupportAmt0519712
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearAmt010773
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus1YearAmt04856
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus2YearsAmt03454
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus4YearsAmt02312
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt021395
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0300367
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0369454
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0669821
IRS990ScheduleD/EquipmentGrp/BookValueAmt012675
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0397241
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0409916
IRS990ScheduleD/LandGrp/BookValueAmt016616
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt016616
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt03485
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt047066
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt050551
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0333143
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0KEITH THIBODEAUX, PRESIDENT, AND KATHY THIBODEAUX, VICE PRESIDENT, ARE HUSBAND AND WIFE. TARA DREW, DIRECTOR, IS KEITH AND KATHY THIBODEAUX'S DAUGHTER. BRYCE DREW, DIRECTOR, IS TARA DREW'S HUSBAND AND KEITH AND KATHY THIBODEAUX'S SON-IN-LAW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE OFFICERS REVIEW THE 990 PRIOR TO FILING. QUESTIONS AND ISSUES ARE DIRECTED TO THE ORGANIZATION'S CERTIFIED PUBLIC ACCOUNTANTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ONGOING - ADDRESS ISSUES AS THEY ARISE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOARD OF DIRECTORS APPROVES SALARY INCREASES ANNUALLY ONLY AFTER OPERATING VARIANCES FROM THE PRIOR YEAR HAVE BEEN FULLY EXPLAINED AND JUSTIFICATION FOR A SALARY INCREASE IS PRESENT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BY REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ROUNDING 5.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0709534
IRS990/TotalAssetsEOYAmt0622689
IRS990/TotalAssetsGrp/BOYAmt0709534
IRS990/TotalAssetsGrp/EOYAmt0622689
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt064500
IRS990/TotalEmployeeCnt056
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0333497
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01313889
IRS990/TotalFunctionalExpensesGrp/TotalAmt01647386
IRS990/TotalGrossUBIAmt014695
IRS990/TotalLiabilitiesBOYAmt06334
IRS990/TotalLiabilitiesEOYAmt013654
IRS990/TotalLiabilitiesGrp/BOYAmt06334
IRS990/TotalLiabilitiesGrp/EOYAmt013654
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0703200
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0609035
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01313889
IRS990/TotalProgramServiceRevenueAmt01390953
IRS990/TotalReportableCompFromOrgAmt0191337
IRS990/TotalRevenueGrp/ExclusionAmt083068
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01390953
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01553216
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt014695
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0709534
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0622689
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt011343
IRS990/TravelGrp/ProgramServicesAmt0129518
IRS990/TravelGrp/TotalAmt0140861
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0833 ANNANDALE ROAD
IRS990/USAddress/CityNm0MADISON
IRS990/USAddress/StateAbbreviationCd0MS
IRS990/USAddress/ZIPCd039110
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.BALLETMAGNIFICAT.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KEITH R THIBODEAUX
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06019771001
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-07-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BALLET MAGNIFICAT INC
ReturnHeader/Filer/BusinessNameControlTxt0BALL
ReturnHeader/Filer/EIN0640732185
ReturnHeader/Filer/PhoneNum06019771001
ReturnHeader/Filer/USAddress/AddressLine1Txt05406 NORTH I-55
ReturnHeader/Filer/USAddress/CityNm0JACKSON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MS
ReturnHeader/Filer/USAddress/ZIPCd039211

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.$1.94$0.01$1.93$2.03$1.96$0.07
2023Summary only. Only limited summary data is available for this year.$1.87$0.01$1.86$1.94$2.12$0.17
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.04$0.01$2.04$1.87$1.70$0.17
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.86$0.00$1.86$2.27$1.43$0.84
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.90$0.00$0.89$1.31$1.31$0.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.75$0.02$0.74$1.84$1.70$0.14
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.66$0.06$0.60$1.76$1.77$0.01
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.62$0.01$0.61$1.69$1.65$0.04
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.59$0.02$0.58$1.65$1.69$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.62$0.01$0.61$1.55$1.65$0.09
2014Detailed filing. Detailed filing data is available for this year.$0.71$0.01$0.70$1.54$1.33$0.21
2013Detailed filing. Detailed filing data is available for this year.$0.71$0.22$0.49$1.49$1.42$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.66$0.23$0.43$1.49
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.56$0.27$0.29$1.36