Civic Intelligence

Galveston Ballet Inc.

990 • Fiscal year 2018 • EIN 76-0319648

Sep 01, 2017 to Aug 31, 2018 • Filed on May 14, 2019

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

97th percentile

1.75x

Higher debt load relative to assets than 97% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

85th percentile

0.15x

Higher debt load relative to revenue than 85% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

31st percentile

-4.7%

Higher net margin than 31% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

86th percentile

$29,184

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 27.4% of source-year revenue.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

91st percentile

101%

Faster asset growth than 91% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

52nd percentile

2.5%

Faster revenue growth than 52% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Up

$9,211

Up $4,629 (+101%) from 2017

Net Assets

Down

-$6,872

Down $5,016 (-270%) from 2017

Liabilities

Up

$16,083

Up $9,645 (+150%) from 2017

Revenue

Up

$106,354

Up $2,632 (+2.5%) from 2017

Expenses

Down

$111,370

Down $10,382 (-8.5%) from 2017

Net Income

Up

-$5,016

Up $13,014 (+72%) from 2017

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

2018

Assets$9,211
Liabilities$16,083
Net Assets-$6,872

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

2018

Revenue$106,354
Expenses$111,370
Net Income-$5,016
Jump To
Filing Snapshot
Filing Period
Sep 1, 2017 to Aug 31, 2018
Signed
May 14, 2019
Return Version
2017v2.2
Gross Receipts
$107,728
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

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$10,987$17,022▲ $6,035
Rtn Earn Endowment Incm Other Fnds$-1,856$-6,872▼ $5,016
Accounts Receivable$-2,150$-8,031▼ $5,881
Total Assets$4,582$9,211▲ $4,629
Other Assets Total$-4,255$220▲ $4,475
Liabilities
Other Liabilities$5,720$15,998▲ $10,278
Accounts Payable and Accrued Expenses$718$85▼ $633
Total Liabilities$6,438$16,083▲ $9,645
Net Assets / Fund Balance
Total Net Assets Fund Balance$-1,856$-6,872▼ $5,016
Total Liabilities and Net Assets / Fund Balance$4,582$9,211▲ $4,629
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Janel AmsallemEmployee/Artistic DirectorPT$29,184$29,184
Judith GrywalskiEmployeePT$17,065$17,065

Board Members and Trustees

NameTitle
Rachel LankfordPresident
Stacy Sell FoulksVice President
Lynn NigliazzoArtistic Director
Agnes AllegoDirector
Belinda MillenderDirector
Brenda BrannenDirector
Bret HowreyDirector
Cheri ColemanDirector
Janet TalbertDirector
Karen KislingburyDirector
Kristin HowreyDirector
Mandi SonnenfeldDirector
Robert MirandaDirector
Rachel SantosBuilding/Set Coordinator
Helen HaysSecretary
Happy SpillarTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$33,602
Program Service Revenue
$66,309
Investment Income
$9
Other Revenue
$6,434
All Other Contributions
$27,622
Change in Net Assets
$-5,016
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$61,500
Salaries, Compensation, and Employee Benefits$49,870
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$29,184$0$0$29,184
Other Salaries and Wages$17,065$0$0$17,065
All Other Expenses$8,781$2,047$0$10,828
Fees for Services Accounting$1,971$7,884$0$9,855
Travel$4,119$0$0$4,119
Payroll Taxes$3,621$0$0$3,621
Advertising$2,486$0$0$2,486
Insurance$1,433$866$0$2,299
Office Expenses$1,652$413$0$2,065
Other Expenses$1,940$0$0$1,940
Interest$0$156$0$156
Total Functional Expenses$99,841$11,529$0$111,370
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$7,808
Fundraising Direct Expenses$1,374
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
Hurricane Harvey Repairs$16,497
Payroll Liabilities$666
Commerce Bank$160
Due to Yaga Fundraiser$-200
HGSSCS Payable$-1,125
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
2019-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rachel Lankford
Formed
1998
Legal Domicile
TX
Voting Board Members
16
Independent Board Members
16
Employees
2
Volunteers
12

Preparer

Firm
Ewald Business Solutions LLC
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 for approval.

Form 990, Part IX, Line 24E

Music License 297. 297. 0. 0.

Form 990, Part IX, Line 24E

Rent 6000. 4800. 1200. 0.

Form 990, Part IX, Line 24E

Utilities 2018. 1615. 403. 0.

Form 990, Part IX, Line 24E

Repairs & Maintenance 744. 595. 149. 0.

Form 990, Part IX, Line 24E

Telephone 1476. 1181. 295. 0.

Form 990, Part IX, Line 24E

Supplies 293. 293. 0. 0.

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IRS990/OfficeExpensesGrp/TotalAmt02065
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0-4255
IRS990/OtherAssetsTotalGrp/EOYAmt0220
IRS990/OtherExpensesGrp/Desc0Performance Costs
IRS990/OtherExpensesGrp/Desc1Bank Charges
IRS990/OtherExpensesGrp/Desc2Other Event Food
IRS990/OtherExpensesGrp/Desc3Merchant Deposit Fees
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1163
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt30
IRS990/OtherExpensesGrp/ProgramServicesAmt026907
IRS990/OtherExpensesGrp/ProgramServicesAmt10
IRS990/OtherExpensesGrp/ProgramServicesAmt2682
IRS990/OtherExpensesGrp/ProgramServicesAmt31940
IRS990/OtherExpensesGrp/TotalAmt026907
IRS990/OtherExpensesGrp/TotalAmt1163
IRS990/OtherExpensesGrp/TotalAmt2682
IRS990/OtherExpensesGrp/TotalAmt31940
IRS990/OtherLiabilitiesGrp/BOYAmt05720
IRS990/OtherLiabilitiesGrp/EOYAmt015998
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt017065
IRS990/OtherSalariesAndWagesGrp/TotalAmt017065
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt03621
IRS990/PayrollTaxesGrp/TotalAmt03621
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/TotalRevenueColumnAmt062150
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt14159
IRS990/ProgSrvcAccomActy2Grp/Desc0CONDUCTED DANCE CLASSES FOR VARIOUS AGES AND SKILL LEVELS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt072934
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt062150
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt030525
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt04
IRS990/PYOtherExpensesAmt070212
IRS990/PYOtherRevenueAmt03943
IRS990/PYProgramServiceRevenueAmt069250
IRS990/PYRevenuesLessExpensesAmt0-18030
IRS990/PYSalariesCompEmpBnftPaidAmt051540
IRS990/PYTotalExpensesAmt0121752
IRS990/PYTotalRevenueAmt0103722
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-5016
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt04159
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0-1856
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0-6872
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt027622
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt017151
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt020654
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt030745
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt016827
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0112999
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt09
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt04
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt014
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt022
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt049
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt098
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99940
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportPY170Pct00.99810
IRS990ScheduleA/PublicSupportTotal170Amt0170212
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearAmt05980
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus1YearAmt013374
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus2YearsAmt013639
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus3YearsAmt014120
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus4YearsAmt010100
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt057213
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt033602
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt030525
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt034293
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt044865
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt026927
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0170212
IRS990ScheduleA/TotalSupportAmt0170310
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0160
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1666
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2-1125
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3-200
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt416497
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Commerce Bank
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Payroll Liabilities
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2HGSSCS Payable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3Due to Yaga Fundraiser
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4Hurricane Harvey Repairs
IRS990ScheduleD/TotalLiabilityAmt015998
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A draft of Form 990 was emailed for approval.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Music License 297. 297. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Rent 6000. 4800. 1200. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Utilities 2018. 1615. 403. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Repairs & Maintenance 744. 595. 149. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Telephone 1476. 1181. 295. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Supplies 293. 293. 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
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2018 filings • 501(c)3 • <$500k nonprofits