Civic Intelligence

Ballet West

990 • Fiscal year 2015 • EIN 87-0264274

Jul 01, 2014 to Jun 30, 2015 • Filed on Feb 03, 2016

52 West 200 SouthSalt Lake City, UT 84101

(801) 869-6901

Siviq Scores

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

Liabilities / Assets

80th percentile

0.66x

Higher debt load relative to assets than 80% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

73rd percentile

0.71x

Higher debt load relative to revenue than 73% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Net Margin

68th percentile

9.8%

Higher net margin than 68% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

53rd percentile

$179,887

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 1.6% of source-year revenue.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Asset Growth

1st percentile

-37%

Faster asset growth than 1% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

85th percentile

30%

Faster revenue growth than 85% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Assets

Down

$11,780,080

Down $7,004,845 (-37%) from 2014

Net Assets

Up

$3,949,614

Up $367,598 (+10%) from 2014

Liabilities

Down

$7,830,466

Down $7,372,443 (-48%) from 2014

Revenue

Up

$10,972,792

Up $2,550,122 (+30%) from 2014

Expenses

Up

$9,899,622

Up $1,661,143 (+20%) from 2014

Net Income

Up

$1,073,170

Up $888,979 (+483%) from 2014

Historical Trend

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2011: $12,498,023Liabilities 2011: $3,760,477Net Assets 2011: $8,737,5462011Assets 2012: $18,373,756Liabilities 2012: $5,045,258Net Assets 2012: $13,328,4982012Assets 2013: $18,075,431Liabilities 2013: $4,397,915Net Assets 2013: $13,677,5162013Assets 2014: $18,784,925Liabilities 2014: $15,202,909Net Assets 2014: $3,582,0162014Assets 2015: $11,780,080Liabilities 2015: $7,830,466Net Assets 2015: $3,949,6142015Assets 2016: $10,307,399Liabilities 2016: $6,166,431Net Assets 2016: $4,140,9682016Assets 2017: $11,095,077Liabilities 2017: $6,940,052Net Assets 2017: $4,155,0252017Assets 2018: $11,174,110Liabilities 2018: $7,592,941Net Assets 2018: $3,581,1692018Assets 2019: $10,333,103Liabilities 2019: $6,399,558Net Assets 2019: $3,933,5452019Assets 2020: $9,757,365Liabilities 2020: $6,631,829Net Assets 2020: $3,125,5362020Assets 2021: $13,048,580Liabilities 2021: $4,650,791Net Assets 2021: $8,397,7892021Assets 2022: $14,080,358Liabilities 2022: $2,414,972Net Assets 2022: $11,665,3862022Assets 2023: $24,636,932Liabilities 2023: $9,469,495Net Assets 2023: $15,167,4372023Assets 2024: $27,229,482Liabilities 2024: $8,953,612Net Assets 2024: $18,275,8702024Assets 2025: $31,886,579Liabilities 2025: $9,555,311Net Assets 2025: $22,331,2682025

Highlighted filing

2015

Assets$11,780,080
Liabilities$7,830,466
Net Assets$3,949,614

Operations Trend

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

$30M$20M$10M$0-$10MRevenue 2011: $7,068,040Expenses 2011: $6,652,099Net Income 2011: $415,9412011Revenue 2012: $11,720,483Expenses 2012: $6,996,586Net Income 2012: $4,723,8972012Expenses 2013: $7,607,6652013Revenue 2014: $8,422,670Expenses 2014: $8,238,479Net Income 2014: $184,1912014Revenue 2015: $10,972,792Expenses 2015: $9,899,622Net Income 2015: $1,073,1702015Revenue 2016: $11,806,129Expenses 2016: $11,498,344Net Income 2016: $307,7852016Revenue 2017: $13,320,669Expenses 2017: $13,193,667Net Income 2017: $127,0022017Revenue 2018: $13,148,240Expenses 2018: $13,695,872Net Income 2018: -$547,6322018Revenue 2019: $13,524,982Expenses 2019: $13,271,323Net Income 2019: $253,6592019Revenue 2020: $11,968,469Expenses 2020: $12,856,597Net Income 2020: -$888,1282020Revenue 2021: $15,216,455Expenses 2021: $10,557,721Net Income 2021: $4,658,7342021Revenue 2022: $17,158,931Expenses 2022: $13,543,363Net Income 2022: $3,615,5682022Revenue 2023: $19,332,593Expenses 2023: $15,978,174Net Income 2023: $3,354,4192023Revenue 2024: $21,208,554Expenses 2024: $18,320,655Net Income 2024: $2,887,8992024Revenue 2025: $22,524,125Expenses 2025: $18,454,509Net Income 2025: $4,069,6162025

Highlighted filing

2015

Revenue$10,972,792
Expenses$9,899,622
Net Income$1,073,170
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Feb 3, 2016
Return Version
2014v6.0
Gross Receipts
$11,250,065
Mission and Program Overview

Mission

Promote cultural arts - ballet

Ballet West inspires and empowers a broad community locally and globally through exposure, training and education on the art of ballet.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$10,619,810$5,006,931▼ $5,612,879
Savings and Temporary Cash Investments$2,725,226$2,007,835▼ $717,391
Pledges and Grants Receivable$2,534,509$1,831,313▼ $703,196
Land, Buildings, and Equipment, Net$1,470,389$1,712,058▲ $241,669
Prepaid Expenses and Deferred Charges$461,627$599,367▲ $137,740
Cash and Non-Interest-Bearing Accounts$3,427$1,197▼ $2,230
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$18,784,925$11,780,080▼ $7,004,845
Other Assets Total$969,937$621,379▼ $348,558
Liabilities
Mortgage Notes Payable Secured by Investment Property$13,161,441$5,341,379▼ $7,820,062
Deferred Revenue$1,382,092$1,824,419▲ $442,327
Accounts Payable and Accrued Expenses$291,881$472,705▲ $180,824
Other Liabilities$367,495$191,963▼ $175,532
Total Liabilities$15,202,909$7,830,466▼ $7,372,443
Net Assets / Fund Balance
Permanently Rstr Net Assets$2,609,038$2,169,913▼ $439,125
Unrestricted Net Assets$-2,874,312$1,096,813▲ $3,971,125
Temporarily Rstr Net Assets$3,847,290$682,888▼ $3,164,402
Total Net Assets Fund Balance$3,582,016$3,949,614▲ $367,598
Total Liabilities and Net Assets / Fund Balance$18,784,925$11,780,080▼ $7,004,845

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,135,258$2,605,945$3,741,203
Equipment$457,209-$457,209
Leasehold Improvements$119,591-$119,591
Other Assets Org$1--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$1,800,602-▲ $153,837-$1,954,439
2013$1,764,412-▲ $36,190-$1,800,602
2012$1,786,668-▼ $22,256-$1,764,412
2011$1,803,585-▼ $16,917-$1,786,668
2010$1,803,585---$1,803,585
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Scott AltmanExecutive DirectorFT$164,891$14,996$179,887
Adam SkluteDirectorFT$165,103$10,028$175,131
Revenue and Support

Revenue Composition

Contributions and Grants
$6,000,382
Program Service Revenue
$4,719,509
Investment Income
$1,130
Other Revenue
$251,771
All Other Contributions
$4,398,702
Change in Net Assets
$1,073,170

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table10$86,515Fair Market Value (FMV)
Other Non Cash Contri Table10$43,180Fair Market Value (FMV)
Other Non Cash Contri Table1$15,000Fair Market Value (FMV)
Other Non Cash Contri Table10$11,943Fair Market Value (FMV)
Total Noncash Contributions31$156,638-

Audited Revenue Reconciliation

Revenue per Audited Statements
$10,972,792
Revenue Not Reported on Form 990
$561,638
Total Revenue per Audited Statements
$11,534,430
Total Revenue per Form 990
$10,972,792
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,474,547
Other Expenses$4,425,075
Total Fundraising Expense$728,351
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,104,807$360,923$368,134$3,833,864
Other Employee Benefits$697,462$95,733$47,063$840,258
Fees for Services Other$710,027$1,810-$711,837
Advertising$550,194$112,056$8,691$670,941
Occupancy$618,975$11,342$6,948$637,265
Travel$468,655$29,663$93,538$591,856
Payroll Taxes$258,649$158,787$27,971$445,407
Current Officers, Directors, Trustees, and Key Employees$175,131$179,887-$355,018
Depreciation Depletion$285,860$6,164$6,778$298,802
All Other Expenses$174,835$30,251$8,171$213,257
Other Expenses$805$87,687$122,418$88,492
Royalties$77,799--$77,799
Interest-$55,012-$55,012
Insurance-$45,549-$45,549
Fees for Services Accounting-$35,050-$35,050
Office Expenses$13,428$12,881$8,126$34,435
Fees for Services Management$2,725-$29,000$31,725
Fees for Services Legal-$17,522-$17,522
Conferences and Meetings$9,448$1,499$1,513$12,460
Total Functional Expenses$7,915,329$1,255,942$728,351$9,899,622

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$10,276,480
Expenses per Audited Statements$9,899,622
Total Expenses per Form 990$9,899,622
Expenses Not Reported on Form 990$376,858
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$250,204
Fundraising Direct Expenses$188,928
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$185,279$185,279$16,686$168,593
Beer & Ballet$46,442$46,442$7,073$39,369
Total Events$250,204$250,204$188,928$61,276
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Ron HansenBoard memberIT ServicesNo$72,264
Lisa AltmanSpouseConsulting servicesNo$29,000

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued interest$123,307
Deferred rent$50,572
Annuity obligation$18,084
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
Yes
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
No
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, Line 11B: Form 990 Review Process

The Board receives a copy of Form 990 prior to issuance

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Conflict of Interest disclosures are submitted annually and reviewed by the Executive Committee.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The Board determines compensation for the Executive Director and Artistic Director

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Available upon request

Filing and Contact Details

Filer

Filer Name
Ballet West
EIN
87-0264274
Phone
8018696901
Address
52 WEST 200 SOUTH, SALT LAKE CITY, UT 84101

Signing Officer

Name
Ken Dodson
Title
Vice President
Signed
2016-02-03

Organization Details

Principal Officer
Ken Dodson
Formed
1963
Legal Domicile
Ut
Voting Board Members
33
Independent Board Members
33
Employees
447
Volunteers
563
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Decreases

Capital campaign interest = -$297390

Financial Statement Notes

Part X : FIN48 Footnote

The Ballet has evaluated tax positions and believes it does not have and has not recorded a liability for any uncertain tax positions.

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

Special events $117391 Boutique expenses $88345

Part XII, Line 2D: Other expenses and losses per audited F/S

Other event costs $83391 Boutique expenses $88345

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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/PersonNm24Cindy Strong
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IRS990/Form990PartVIISectionAGrp/PersonNm27Michelle Wolfenbarger
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IRS990/Form990PartVIISectionAGrp/PersonNm32Adam Sklute
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IRS990/Form990PartVIISectionAGrp/TitleTxt29Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt30Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt31Executive Dir.
IRS990/Form990PartVIISectionAGrp/TitleTxt32Director
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$31.9$9.56$22.3$22.5$18.5$4.07
2024Detailed filing. Detailed filing data is available for this year.$27.2$8.95$18.3$21.2$18.3$2.89
2023Detailed filing. Detailed filing data is available for this year.$24.6$9.47$15.2$19.3$16.0$3.35
2022Detailed filing. Detailed filing data is available for this year.$14.1$2.41$11.7$17.2$13.5$3.62
2021Detailed filing. Detailed filing data is available for this year.$13.0$4.65$8.40$15.2$10.6$4.66
2020Detailed filing. Detailed filing data is available for this year.$9.76$6.63$3.13$12.0$12.9$0.89
2019Summary only. Only limited summary data is available for this year.$10.3$6.40$3.93$13.5$13.3$0.25
2018Detailed filing. Detailed filing data is available for this year.$11.2$7.59$3.58$13.1$13.7$0.55
2017Detailed filing. Detailed filing data is available for this year.$11.1$6.94$4.16$13.3$13.2$0.13
2016Detailed filing. Detailed filing data is available for this year.$10.3$6.17$4.14$11.8$11.5$0.31
2015Detailed filing. Detailed filing data is available for this year.$11.8$7.83$3.95$11.0$9.90$1.07
2014Detailed filing. Detailed filing data is available for this year.$18.8$15.2$3.58$8.42$8.24$0.18
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.1$4.40$13.7$7.61
2012Summary only. Only limited summary data is available for this year.$18.4$5.05$13.3$11.7$7.00$4.72
2011Summary only. Only limited summary data is available for this year.$12.5$3.76$8.74$7.07$6.65$0.42