Civic Intelligence

Ballet Magnificat Inc

990 • Fiscal year 2018 • EIN 64-0732185

Jan 01, 2018 to Dec 31, 2018 • Filed on Aug 06, 2019

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

50th percentile

0.09x

Higher debt load relative to assets than 50% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

32nd percentile

0.03x

Higher debt load relative to revenue than 32% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

37th percentile

-0.6%

Higher net margin than 37% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

45th percentile

$51,600

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 2.9% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

65th percentile

5.9%

Faster asset growth than 65% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

51st percentile

4.2%

Faster revenue growth than 51% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$661,429

Up $36,980 (+5.9%) from 2017

Net Assets

Down

$603,745

Down $10,807 (-1.8%) from 2017

Liabilities

Up

$57,684

Up $47,787 (+483%) from 2017

Revenue

Up

$1,759,887

Up $71,638 (+4.2%) from 2017

Expenses

Up

$1,770,694

Up $121,022 (+7.3%) from 2017

Net Income

Down

-$10,807

Down $49,384 (-128%) from 2017

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

2018

Assets$661,429
Liabilities$57,684
Net Assets$603,745

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

2018

Revenue$1,759,887
Expenses$1,770,694
Net Income-$10,807
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Aug 6, 2019
Return Version
2018v3.1
Gross Receipts
$1,786,565
Mission and Program Overview

Mission

To promote religion through ballet dancing

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$614,552$603,745▼ $10,807
Land, Buildings, and Equipment, Net$386,357$324,219▼ $62,138
Cash and Non-Interest-Bearing Accounts$215,978$305,519▲ $89,541
Inventories for Sale or Use$19,000$19,000→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$624,449$661,429▲ $36,980
Other Assets Total$3,114$12,691▲ $9,577
Liabilities
Accounts Payable and Accrued Expenses$9,697$56,192▲ $46,495
Other Liabilities$0$1,492▲ $1,492
Mortgage Notes Payable Secured by Investment Property$200--
Total Liabilities$9,897$57,684▲ $47,787
Net Assets / Fund Balance
Total Net Assets Fund Balance$614,552$603,745▼ $10,807
Total Liabilities and Net Assets / Fund Balance$624,449$661,429▲ $36,980

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$245,008$439,871$684,879
Equipment$60,313$287,927$348,240
Other Land Buildings$2,282$50,221$52,503
Land$16,616-$16,616
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Kathy ThibodeauxVice-presidentFT$51,600$51,600
Keith ThibodeauxPresidentFT$51,600$51,600
Brenda HoldenSecretaryFT$16,925$16,925
John VanderveldeTreasurerFT$12,000$12,000

Board Members and Trustees

NameTitle
Bryce DrewDirector
Tara T DrewDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$73,595
Program Service Revenue
$1,649,297
Investment Income
$0
Other Revenue
$36,995
All Other Contributions
$73,595
Change in Net Assets
$-10,807
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$934,504
Salaries, Compensation, and Employee Benefits$836,190
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$640,284--$640,284
All Other Expenses$52,663$121,520-$174,183
Current Officers, Directors, Trustees, and Key Employees$63,600$68,525-$132,125
Travel$106,509$10,737-$117,246
Payroll Taxes$55,952$7,829-$63,781
Depreciation Depletion$34,041$28,099-$62,140
Insurance-$33,170-$33,170
Other Expenses$31,477$2,114-$31,477
Advertising$24,313$707-$25,020
Office Expenses-$13,901-$13,901
Fees for Services Accounting-$9,384-$9,384
Information Technology-$383-$383
Fees for Services Legal-$82-$82
Interest-$9-$9
Total Functional Expenses$1,474,234$296,460$0$1,770,694
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
State Income Taxes Payable$253
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 11B

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
2019-08-06
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
54
Volunteers
0

Preparer

Firm
BREAZEALE SAUNDERS & O'NEIL LTD
Address
PO BOX 80, JACKSON, MS 39205-0080
Preparer
Paul V Breazeale
Phone
6019697440
Raw XML AppendixShowing 400 of 423 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/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0334662
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0614552
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0603745
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt073595
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt033554
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt094652
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt064500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt032905
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0299206
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt07041
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt05959
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt02351
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt015351
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt07673360
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt04009
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt091960
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt016584
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt030250
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0151046
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0293849
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.46320
IRS990ScheduleA/PublicSupportPY170Pct00.44860
IRS990ScheduleA/PublicSupportTotal170Amt0299206
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt073595
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt033554
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt094652
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt064500
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt032905
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0299206
IRS990ScheduleA/TotalSupportAmt0645962
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearAmt010575
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus1YearAmt05150
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus2YearsAmt06202
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus3YearsAmt010773
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus4YearsAmt04856
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt037556
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0245008
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0439871
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0684879
IRS990ScheduleD/EquipmentGrp/BookValueAmt060313
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0287927
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0348240
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt01239
IRS990ScheduleD/LandGrp/BookValueAmt016616
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt016616
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02282
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt050221
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt052503
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0253
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0STATE INCOME TAXES PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0324219
IRS990ScheduleD/TotalLiabilityAmt01492
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/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 B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0624449
IRS990/TotalAssetsEOYAmt0661429
IRS990/TotalAssetsGrp/BOYAmt0624449
IRS990/TotalAssetsGrp/EOYAmt0661429
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt073595
IRS990/TotalEmployeeCnt054
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0296460
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01474234
IRS990/TotalFunctionalExpensesGrp/TotalAmt01770694
IRS990/TotalGrossUBIAmt010575
IRS990/TotalLiabilitiesBOYAmt09897
IRS990/TotalLiabilitiesEOYAmt057684
IRS990/TotalLiabilitiesGrp/BOYAmt09897
IRS990/TotalLiabilitiesGrp/EOYAmt057684
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0614552
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0603745
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01474234
IRS990/TotalProgramServiceRevenueAmt01649297
IRS990/TotalReportableCompFromOrgAmt0132125
IRS990/TotalRevenueGrp/ExclusionAmt026420
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01649297
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01759887
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt010575
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0624449
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0661429
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt010737
IRS990/TravelGrp/ProgramServicesAmt0106509
IRS990/TravelGrp/TotalAmt0117246
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/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KEITH R THIBODEAUX
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06019771001
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-08-06
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

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
2018Detailed filing. Detailed filing data is available for this year.$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
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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