Civic Intelligence

Ballet West

990 • Fiscal year 2022 • EIN 87-0264274

Aug 01, 2021 to Jul 31, 2022 • Filed on Dec 12, 2022

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

50th percentile

0.17x

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

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

39th percentile

0.14x

Higher debt load relative to revenue than 39% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Net Margin

73rd percentile

21%

Higher net margin than 73% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

64th percentile

$222,194

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 1.3% of source-year revenue.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Asset Growth

67th percentile

7.9%

Faster asset growth than 67% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

64th percentile

13%

Faster revenue growth than 64% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Assets

Up

$14,080,358

Up $1,031,778 (+7.9%) from 2021

Net Assets

Up

$11,665,386

Up $3,267,597 (+39%) from 2021

Liabilities

Down

$2,414,972

Down $2,235,819 (-48%) from 2021

Revenue

Up

$17,158,931

Up $1,942,476 (+13%) from 2021

Expenses

Up

$13,543,363

Up $2,985,642 (+28%) from 2021

Net Income

Down

$3,615,568

Down $1,043,166 (-22%) from 2021

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

2022

Assets$14,080,358
Liabilities$2,414,972
Net Assets$11,665,386

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

2022

Revenue$17,158,931
Expenses$13,543,363
Net Income$3,615,568
Jump To
Filing Snapshot
Filing Period
Aug 1, 2021 to Jul 31, 2022
Signed
Dec 12, 2022
Return Version
2021v4.1
Gross Receipts
$17,300,266
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
Savings and Temporary Cash Investments$2,832,051$4,245,093▲ $1,413,042
Land, Buildings, and Equipment, Net$4,175,640$4,242,391▲ $66,751
Investments in Publicly Traded Securities$2,723,310$2,603,744▼ $119,566
Pledges and Grants Receivable$1,119,684$1,280,784▲ $161,100
Prepaid Expenses and Deferred Charges$514,847$670,223▲ $155,376
Accounts Receivable$514,955$5,739▼ $509,216
Cash and Non-Interest-Bearing Accounts-$0-
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-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$13,048,580$14,080,358▲ $1,031,778
Other Assets Total$1,168,093$1,032,384▼ $135,709
Liabilities
Deferred Revenue$697,933$777,318▲ $79,385
Accounts Payable and Accrued Expenses$743,815$614,151▼ $129,664
Mortgage Notes Payable Secured by Investment Property$2,609,573$558,806▼ $2,050,767
Other Liabilities$599,470$464,697▼ $134,773
Total Liabilities$4,650,791$2,414,972▼ $2,235,819
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,591,395$6,154,729▲ $1,563,334
Net Assets With Donor Restrictions$3,806,394$5,510,657▲ $1,704,263
Total Net Assets Fund Balance$8,397,789$11,665,386▲ $3,267,597
Total Liabilities and Net Assets / Fund Balance$13,048,580$14,080,358▲ $1,031,778

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$2,609,355$5,810,834$8,420,189
Equipment$961,867-$961,867
Leasehold Improvements$671,169-$671,169
Other Assets Org$690,299--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Adam SkluteDirectorFT$213,527$8,667$222,194
Michael ScolamieroExecutive DirectorFT$203,529$3,862$207,391
Andrew GoldbergDirectorFT$138,276$4,291$142,567
Elizabeth CrawfordCFOFT$117,058$3,862$120,920
Evelyn Cisneros-LegateDirectorFT$99,846$11,371$111,217
Revenue and Support

Revenue Composition

Contributions and Grants
$8,788,265
Program Service Revenue
$7,991,762
Investment Income
$44,997
Other Revenue
$333,907
All Other Contributions
$7,311,265
Change in Net Assets
$3,615,568

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 Table7$67,935Fair Market Value (FMV)
Other Non Cash Contri Table1$12,850Fair Market Value (FMV)
Other Non Cash Contri Table1$12,500Fair Market Value (FMV)
Total Noncash Contributions9$93,285-

Audited Revenue Reconciliation

Revenue per Audited Statements
$17,158,931
Revenue Not Reported on Form 990
$777,504
Total Revenue per Audited Statements
$17,936,435
Total Revenue per Form 990
$17,158,931
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$8,070,683
Other Expenses$5,472,680
Total Fundraising Expense$471,236
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$5,681,646$277,437$106,101$6,065,184
Occupancy$869,039$6,918$3,561$879,518
Payroll Taxes$767,310$59,523$29,439$856,272
Advertising$799,565-$36,628$836,193
Current Officers, Directors, Trustees, and Key Employees$333,411$328,311$142,567$804,289
Depreciation Depletion$504,332$19,422$18,104$541,858
Other Employee Benefits$276,720$41,147$27,071$344,938
Travel$322,637$7,233$13,195$343,065
All Other Expenses$184,124$36,642$32,362$253,128
Other Expenses$234,682$285,895$1,917$234,682
Royalties$196,409--$196,409
Fees for Services Management$118,033$22,895$53,600$194,528
Office Expenses$70,173$64,440$4,473$139,086
Fees for Services Legal-$67,445-$67,445
Insurance-$46,721-$46,721
Interest-$42,771-$42,771
Fees for Services Accounting-$24,200-$24,200
Conferences and Meetings$5,554$3,775$2,161$11,490
Total Functional Expenses$11,676,050$1,396,077$471,236$13,543,363

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$14,810,173
Expenses per Audited Statements$13,543,363
Total Expenses per Form 990$13,543,363
Expenses Not Reported on Form 990$1,266,810
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
Insider Transactions and Loans

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$247,093
Deferred rent$121,892
Deferred 457b$76,472
Annuity obligation$19,240
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 35% controlled entity
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
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 2: Description of Business or Family Relationship of Officers, Directors, Et

Lee Quinney and Shari Quinney; family relationship. Scott Huntsman, Heidi Huntsman, and Jennifer Horne-Huntsman; family relationships.

Form 990, Part VI, Line 11B: Form 990 Review Process

The Board receives a copy of Form 990 and the document is discussed at the Board of Directors' Finance committee as well.

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
Michael Scolamiero
Title
Executive Director
Signed
2022-12-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Scolamiero
Formed
1963
Legal Domicile
Ut
Voting Board Members
32
Independent Board Members
30
Employees
286
Volunteers
413

Preparer

Firm
Cardenas Accounting Services
Address
446 E Welby Ave, Salt Lake City, UT 84115
Preparer
Chris Yoakam
Phone
8019137277
Supplemental Narrative

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

Boutique expenses $141335

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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/PersonNm4Evelyn Cisneros-Legate
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IRS990/Form990PartVIISectionAGrp/PersonNm6Liz Slager
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IRS990/Form990PartVIISectionAGrp/PersonNm16Sarah Eccles Taylor
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IRS990/Form990PartVIISectionAGrp/PersonNm20Shauna Bamberger Prikos
IRS990/Form990PartVIISectionAGrp/PersonNm21Melissa H Cutler
IRS990/Form990PartVIISectionAGrp/PersonNm22Chase Dreyfous
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IRS990/Form990PartVIISectionAGrp/PersonNm29Lee Quinney
IRS990/Form990PartVIISectionAGrp/PersonNm30Frank L Corbett
IRS990/Form990PartVIISectionAGrp/PersonNm31Samatha Topping Gellert
IRS990/Form990PartVIISectionAGrp/PersonNm32Katie Daines Lindsay
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IRS990/Form990PartVIISectionAGrp/TitleTxt32Director
IRS990/Form990PartVIISectionAGrp/TitleTxt33Director
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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