Civic Intelligence

Galveston Ballet Inc.

990 • Fiscal year 2017 • EIN 76-0319648

Sep 01, 2016 to Aug 31, 2017 • Filed on Jul 07, 2018

PO Box 594Galveston, TX 77553-0594

(409) 763-8620

Siviq Scores

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

Liabilities / Assets

96th percentile

1.41x

Higher debt load relative to assets than 96% of similar nonprofits.

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

Liabilities / Revenue

78th percentile

0.06x

Higher debt load relative to revenue than 78% of similar nonprofits.

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

Net Margin

17th percentile

-17%

Higher net margin than 17% of similar nonprofits.

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

Top Officer Pay

86th percentile

$29,721

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 28.7% of source-year revenue.

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

Asset Growth

4th percentile

-76%

Faster asset growth than 4% of similar nonprofits.

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

Revenue Growth

60th percentile

7.9%

Faster revenue growth than 60% of similar nonprofits.

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

Assets

Down

$4,582

Down $14,318 (-76%) from 2016

Net Assets

Down

-$1,856

Down $18,030 (-111%) from 2016

Liabilities

Up

$6,438

Up $3,712 (+136%) from 2016

Revenue

Up

$103,722

Up $7,558 (+7.9%) from 2016

Expenses

Down

$121,752

Down $1,013 (-0.8%) from 2016

Net Income

Up

-$18,030

Up $8,571 (+32%) from 2016

Historical Trend

Balance Sheet Trend

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

$60K$40K$20K$0-$20KAssets 2010: $30,128Net Assets 2010: $30,1282010Assets 2011: $37,910Net Assets 2011: $37,9102011Assets 2012: $32,157Liabilities 2012: $0Net Assets 2012: $32,1572012Assets 2013: $45,687Liabilities 2013: $1,953Net Assets 2013: $43,7342013Assets 2014: $36,148Liabilities 2014: $7,129Net Assets 2014: $29,0192014Assets 2015: $43,832Liabilities 2015: $1,057Net Assets 2015: $42,7752015Assets 2016: $18,900Liabilities 2016: $2,726Net Assets 2016: $16,1742016Assets 2017: $4,582Liabilities 2017: $6,438Net Assets 2017: -$1,8562017Assets 2018: $9,211Liabilities 2018: $16,083Net Assets 2018: -$6,8722018Assets 2019: $14,636Liabilities 2019: $29,159Net Assets 2019: -$14,5232019Assets 2020: $20,130Liabilities 2020: $24,503Net Assets 2020: -$4,3732020Assets 2021: $19,929Liabilities 2021: $24,111Net Assets 2021: -$4,1822021Assets 2022: $19,985Liabilities 2022: $10,165Net Assets 2022: $9,8202022Assets 2023: $15,866Liabilities 2023: $7,049Net Assets 2023: $8,8172023Assets 2024: $17,871Liabilities 2024: $2,525Net Assets 2024: $15,3462024

Highlighted filing

2017

Assets$4,582
Liabilities$6,438
Net Assets-$1,856

Operations Trend

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

$200K$150K$100K$50K$0-$50KRevenue 2010: $78,246Expenses 2010: $87,685Net Income 2010: -$9,4392010Revenue 2011: $59,731Expenses 2011: $51,949Net Income 2011: $7,7822011Expenses 2012: $83,8312012Expenses 2013: $84,3762013Revenue 2014: $78,340Expenses 2014: $92,249Net Income 2014: -$13,9092014Revenue 2015: $124,077Expenses 2015: $112,548Net Income 2015: $11,5292015Revenue 2016: $96,164Expenses 2016: $122,765Net Income 2016: -$26,6012016Revenue 2017: $103,722Expenses 2017: $121,752Net Income 2017: -$18,0302017Revenue 2018: $106,354Expenses 2018: $111,370Net Income 2018: -$5,0162018Revenue 2019: $115,909Expenses 2019: $123,560Net Income 2019: -$7,6512019Revenue 2020: $109,548Expenses 2020: $101,397Net Income 2020: $8,1512020Revenue 2021: $97,860Expenses 2021: $97,668Net Income 2021: $1922021Revenue 2022: $146,910Expenses 2022: $122,910Net Income 2022: $24,0002022Revenue 2023: $121,073Expenses 2023: $122,076Net Income 2023: -$1,0032023Revenue 2024: $169,773Expenses 2024: $163,244Net Income 2024: $6,5292024

Highlighted filing

2017

Revenue$103,722
Expenses$121,752
Net Income-$18,030
Jump To
Filing Snapshot
Filing Period
Sep 1, 2016 to Aug 31, 2017
Signed
Jul 7, 2018
Return Version
2016v3.0
Gross Receipts
$107,765
Mission and Program Overview

Mission

To offer the young people of

To offer the young people of Galveston County the opportunity to participate in a learning company where they can experience the discipline and beauty of ballet and develop their skills and talents in this domain and to enrich the cultural of the entire community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$18,959$10,987▼ $7,972
Land, Buildings, and Equipment, Net$4,878--
Rtn Earn Endowment Incm Other Fnds$16,174$-1,856▼ $18,030
Accounts Receivable$-4,817$-2,150▲ $2,667
Total Assets$18,900$4,582▼ $14,318
Other Assets Total$-120$-4,255▼ $4,135
Liabilities
Other Liabilities$768$5,720▲ $4,952
Accounts Payable and Accrued Expenses$1,958$718▼ $1,240
Total Liabilities$2,726$6,438▲ $3,712
Net Assets / Fund Balance
Total Net Assets Fund Balance$16,174$-1,856▼ $18,030
Total Liabilities and Net Assets / Fund Balance$18,900$4,582▼ $14,318

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$-4,600--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Janel AmsallemEmployeePT$29,721$29,721
Judith GrywalskiEmployeePT$18,086$18,086

Board Members and Trustees

NameTitle
Rachel LankfordPresident
Stacy Sell-foulksVice President
Lynn NigliazzoArtistic Director
Agnes AllegoDirector
Brenda BrannenDirector
Cheri ColemanDirector
Jan TalbertDirector
Julia FurlongDirector
Kate KislingburyDirector
Mandi SonnenfeldDirector
Matt FurlongDirector
Robert MirandaDirector
Belinda MillinderSecretary
Happy SpillarTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$30,525
Program Service Revenue
$69,250
Investment Income
$4
Other Revenue
$3,943
All Other Contributions
$17,151
Change in Net Assets
$-18,030
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$70,212
Salaries, Compensation, and Employee Benefits$51,540
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$29,721$0$0$29,721
Other Salaries and Wages$18,086$0$0$18,086
All Other Expenses$8,928$2,639$0$11,567
Fees for Services Accounting$2,268$9,072$0$11,340
Advertising$8,422$0$0$8,422
Depreciation Depletion$0$4,878$0$4,878
Payroll Taxes$3,733$0$0$3,733
Office Expenses$1,978$495$0$2,473
Travel$1,801$0$0$1,801
Insurance$577$866$0$1,443
Interest$0$101$0$101
Other Expenses$0$67$0$67
Total Functional Expenses$103,417$18,335$0$121,752
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$7,986
Fundraising Direct Expenses$4,043
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$4,813
Business Visa Credit Card$907
Commerce Bank-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Galveston Ballet
EIN
76-0319648
Phone
4097638620
Address
PO Box 594, Galveston, TX 77553-0594

Signing Officer

Name
Rachel Lankford
Title
President
Phone
4097638620
Signed
2018-07-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rachel Lankford
Formed
1998
Legal Domicile
TX
Voting Board Members
13
Independent Board Members
13
Employees
2
Volunteers
12

Preparer

Firm
Renae Ewald
Address
2013 Savanna Ct N, League City, TX 77573
Preparer
Renae Ewald
Phone
4097500250
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

A draft of Form 990 was emailed to all board members.

Form 990, Part IX, Line 24E

Music License 268. 268. 0. 0.

Form 990, Part IX, Line 24E

Postage 74. 0. 74. 0.

Form 990, Part IX, Line 24E

Subscriptions 525. 0. 525. 0.

Form 990, Part IX, Line 24E

Utilities 1559. 1247. 312. 0.

Form 990, Part IX, Line 24E

Rent 6000. 4800. 1200. 0.

Form 990, Part IX, Line 24E

Repairs and Maintenance 1201. 961. 240. 0.

Form 990, Part IX, Line 24E

Telephone 1438. 1150. 288. 0.

Form 990, Part IX, Line 24E

Other Event Food 502. 502. 0. 0.

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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt367
IRS990/OtherExpensesGrp/ProgramServicesAmt026451
IRS990/OtherExpensesGrp/ProgramServicesAmt10
IRS990/OtherExpensesGrp/ProgramServicesAmt21452
IRS990/OtherExpensesGrp/ProgramServicesAmt30
IRS990/OtherExpensesGrp/TotalAmt026451
IRS990/OtherExpensesGrp/TotalAmt1217
IRS990/OtherExpensesGrp/TotalAmt21452
IRS990/OtherExpensesGrp/TotalAmt367
IRS990/OtherLiabilitiesGrp/BOYAmt0768
IRS990/OtherLiabilitiesGrp/EOYAmt05720
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt018086
IRS990/OtherSalariesAndWagesGrp/TotalAmt018086
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt03733
IRS990/PayrollTaxesGrp/TotalAmt03733
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0RACHEL LANKFORD
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0999999
IRS990/ProgramServiceRevenueGrp/BusinessCd1999999
IRS990/ProgramServiceRevenueGrp/Desc0Tuition and Fees
IRS990/ProgramServiceRevenueGrp/Desc1Performance Ticket Sales
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt059430
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt19820
IRS990/ProgSrvcAccomActy2Grp/Desc0CONDUCTED DANCE CLASSES FOR VARIOUS AGES AND SKILL LEVELS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt076967
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt059430
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-18030
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt09821
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt016174
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0-1856
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt017151
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt020654
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt030745
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt016827
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt09661
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt095038
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt04
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt014
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt022
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt049
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt031
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0120
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99920
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportPY170Pct00.56670
IRS990ScheduleA/PublicSupportTotal170Amt0151376
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearAmt013374
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus1YearAmt013639
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus2YearsAmt014120
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus3YearsAmt010100
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus4YearsAmt05105
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt056338
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt030525
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt034293
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt044865
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt026927
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt014766
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0151376
IRS990ScheduleA/TotalSupportAmt0151496
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0150
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1195
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2-4600
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Undeposited Funds
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Ticket Money Due
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Grants Receivable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0907
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt14813
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Business Visa Credit Card
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Payroll Liabilities
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Commerce Bank
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0-4255
IRS990ScheduleD/TotalLiabilityAmt05720
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A draft of Form 990 was emailed to all board members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Music License 268. 268. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Postage 74. 0. 74. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Subscriptions 525. 0. 525. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Utilities 1559. 1247. 312. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Rent 6000. 4800. 1200. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Repairs and Maintenance 1201. 961. 240. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Telephone 1438. 1150. 288. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Other Event Food 502. 502. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 24e
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt018900
IRS990/TotalAssetsEOYAmt04582
IRS990/TotalAssetsGrp/BOYAmt018900
IRS990/TotalAssetsGrp/EOYAmt04582
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt030525
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt018335
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0103417
IRS990/TotalFunctionalExpensesGrp/TotalAmt0121752
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02726
IRS990/TotalLiabilitiesEOYAmt06438
IRS990/TotalLiabilitiesGrp/BOYAmt02726
IRS990/TotalLiabilitiesGrp/EOYAmt06438

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.18$0.03$0.15$1.70$1.63$0.07
2023Detailed filing. Detailed filing data is available for this year.$0.16$0.07$0.09$1.21$1.22$0.01
2022Detailed filing. Detailed filing data is available for this year.$0.20$0.10$0.10$1.47$1.23$0.24
2021Detailed filing. Detailed filing data is available for this year.$0.20$0.24$0.04$0.98$0.98$0.00
2020Detailed filing. Detailed filing data is available for this year.$0.20$0.25$0.04$1.10$1.01$0.08
2019Detailed filing. Detailed filing data is available for this year.$0.15$0.29$0.15$1.16$1.24$0.08
2018Detailed filing. Detailed filing data is available for this year.$0.09$0.16$0.07$1.06$1.11$0.05
2017Detailed filing. Detailed filing data is available for this year.$0.05$0.06$0.02$1.04$1.22$0.18
2016Detailed filing. Detailed filing data is available for this year.$0.19$0.03$0.16$0.96$1.23$0.27
2015Detailed filing. Detailed filing data is available for this year.$0.44$0.01$0.43$1.24$1.13$0.12
2014Detailed filing. Detailed filing data is available for this year.$0.36$0.07$0.29$0.78$0.92$0.14
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.46$0.02$0.44$0.84
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.32$0.00$0.32$0.84
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.38$0.38$0.60$0.52$0.08
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.30$0.30$0.78$0.88$0.09