Civic Intelligence

Terminus Ballet Inc.

990 • Fiscal year 2021 • EIN 87-2464948

Jan 01, 2021 to Dec 31, 2021 • Filed on Oct 12, 2022

2652 Woodridge DriveDecatur, GA 30033

(404) 441-9658

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

59th percentile

15%

Higher net margin than 59% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

82nd percentile

$11,680

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 3.7% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Assets

$47,847

No earlier filing loaded for comparison.

Net Assets

$47,847

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue

$311,815

No earlier filing loaded for comparison.

Expenses

$263,968

No earlier filing loaded for comparison.

Net Income

$47,847

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2021: $47,847Liabilities 2021: $0Net Assets 2021: $47,8472021Assets 2022: $389,234Liabilities 2022: $0Net Assets 2022: $389,2342022Assets 2023: $326,092Liabilities 2023: $0Net Assets 2023: $326,0922023Assets 2024: $1,124,488Liabilities 2024: $910,505Net Assets 2024: $213,9832024

Highlighted filing

2021

Assets$47,847
Liabilities$0
Net Assets$47,847

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2021: $311,815Expenses 2021: $263,968Net Income 2021: $47,8472021Revenue 2022: $1,188,738Expenses 2022: $847,351Net Income 2022: $341,3872022Revenue 2023: $980,484Expenses 2023: $1,043,726Net Income 2023: -$63,2422023Revenue 2024: $1,174,000Expenses 2024: $1,195,765Net Income 2024: -$21,7652024

Highlighted filing

2021

Revenue$311,815
Expenses$263,968
Net Income$47,847
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Oct 12, 2022
Return Version
2021v4.0
Gross Receipts
$311,815
Mission and Program Overview

Mission

Terminus ballet's mission is to create, perform, and produce high quality original ballet theater productions open to the public, offers year-round ballet classes and dance training to children and young adults ages 8-20.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$47,847-
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$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-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$0$47,847▲ $47,847
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions-$47,847-
Total Net Assets Fund Balance$0$47,847▲ $47,847
Total Liabilities and Net Assets / Fund Balance$0$47,847▲ $47,847
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
John WelkerPresidentFT$11,680$11,680

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$166,599
Program Service Revenue
$145,216
Investment Income
$0
Other Revenue
$0
All Other Contributions
$166,599
Change in Net Assets
$47,847
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$138,616
Salaries, Compensation, and Employee Benefits$125,352
Total Fundraising Expense$37,091
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$39,389$47,631$7,074$94,094
All Other Expenses$5,871$19,005$2,200$27,076
Other Expenses$12,500$6,860$16,466$12,500
Current Officers, Directors, Trustees, and Key Employees$2,920$5,256$3,504$11,680
Other Employee Benefits-$10,719-$10,719
Payroll Taxes$3,544$4,429$886$8,859
Advertising$6,858-$761$7,619
Occupancy-$7,087-$7,087
Insurance-$5,245-$5,245
Travel$308--$308
Total Functional Expenses$120,645$106,232$37,091$263,968
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-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
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

Form 990 was provided to the board for their review

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

Governing documents are available upon request

Filing and Contact Details

Filer

Filer Name
Terminus Ballet Inc
EIN
87-2464948
Phone
4044419658
Address
2652 WOODRIDGE DRIVE, DECATUR, GA 30033

Signing Officer

Name
John Welker
Title
President
Signed
2022-10-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Welker
Formed
2021
Legal Domicile
Ga
Voting Board Members
11
Independent Board Members
11
Employees
9

Preparer

Firm
Sharon C McKelvey CPA LLC
Address
1399 Church St, Decatur, GA 30030
Preparer
Sharon Mckelvey
Phone
6788104000
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E: Other Expenses

BANK FEES: Column (A) - Total = $659; Column (B) - Program Services = $0; Column (C) - Management & General = $659; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

CAR AND TRUCK: Column (A) - Total = $2668; Column (B) - Program Services = $2168; Column (C) - Management & General = $0; Column (D) - Fundraising = $500

Form 990, Part IX, Line 24E: Other Expenses

EDUCATION: Column (A) - Total = $2053; Column (B) - Program Services = $2053; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

OFFICE SUPPLIES: Column (A) - Total = $1917; Column (B) - Program Services = $0; Column (C) - Management & General = $1567; Column (D) - Fundraising = $350

Form 990, Part IX, Line 24E: Other Expenses

PHOTOGRAPHY: Column (A) - Total = $1650; Column (B) - Program Services = $1650; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

SOFTWARE: Column (A) - Total = $1260; Column (B) - Program Services = $0; Column (C) - Management & General = $1260; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

STORAGE: Column (A) - Total = $4500; Column (B) - Program Services = $0; Column (C) - Management & General = $4500; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

TAXES AND ASSESSMENTS: Column (A) - Total = $5366; Column (B) - Program Services = $0; Column (C) - Management & General = $5366; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

TICKET FEES: Column (A) - Total = $4940; Column (B) - Program Services = $0; Column (C) - Management & General = $3590; Column (D) - Fundraising = $1350

Form 990, Part IX, Line 24E: Other Expenses

UTILITIES: Column (A) - Total = $2063; Column (B) - Program Services = $0; Column (C) - Management & General = $2063; Column (D) - Fundraising = $0

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IRS990/Desc0Since our founding on 2017, Terminus Modern Ballet Theatre (Terminus) has created 13 original world premiere productions that have reached over 30,000 audience members across metro Atlanta's Westside, Fulton, South Fulton, Marietta, and Kennesaw neighborhoods, and Georgia's metropolitan areas of Columbus, Athens, and Carrolton. Over 60% of the venues we perform in do not traditionally present professional concert dance, enabling us to reach 2,500 new audience members annually, thereyby introducing and serving our neaighborhoods and communities with world class professional concert dance. Inherent in Terminus's core beliefs is making beautiful and inspiring dance an accessible part of our daily lives, and bringing the ballet art form out of the past and into the present through storytelling. All of our innovative and creative dance works explore contemporary themes, incorporates theatrical elements, and integreates digital technologies for the purpose of connecting people through the beauty, power, and humanity of dance.
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IRS990/OtherExpensesGrp/TotalAmt216466
IRS990/OtherExpensesGrp/TotalAmt312500
IRS990/OtherRevenueTotalAmt00
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IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt039389
IRS990/OtherSalariesAndWagesGrp/TotalAmt094094
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IRS990/PayrollTaxesGrp/FundraisingAmt0886
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04429
IRS990/PayrollTaxesGrp/ProgramServicesAmt03544
IRS990/PayrollTaxesGrp/TotalAmt08859
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IRS990/PrincipalOfficerNm0JOHN WELKER
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IRS990/ProgramServiceRevenueGrp/Desc0CLASSES AND TUITION
IRS990/ProgramServiceRevenueGrp/Desc1PERFORMANCE FEES
IRS990/ProgramServiceRevenueGrp/Desc2TICKET SALES
IRS990/ProgramServiceRevenueGrp/ExclusionAmt025881
IRS990/ProgramServiceRevenueGrp/ExclusionAmt150000
IRS990/ProgramServiceRevenueGrp/ExclusionAmt269335
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt025881
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt150000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt269335
IRS990/ProgSrvcAccomActy2Grp/Desc0Founded in 2018 as the official school of professional company, Terminus School of Ballet has reached over 5,000 students through ongoing dance classes, summer intensives, and open workshops with the vision of training students that can dance anywhere and achieve anything. Upon joining Regional Dance America (RDA) in 2021 and participating in their annual Southeast regional festival, the Terminus school has since received top honors and has distinguished itself as a leading ballet training center in the Southeastern U.S. Making world class dance accessible to all as a core company value, the school has given over $110,000 in financial assistance and scholarships to its students ensuring financial need does not act as a barrier to a top quality dance education and resulting professional opportunities. Terminus students excel both onstage and academically, regularly earning top academic honors while balancing a rigorous dance training schedule up to six days a week. Each year students are awarded scholarships and admission to the nations top dance schools and universities; including, USC's Glorya Kaufman School of Dance, School of American Ballet, Joffrey Ballet, the University of South Carolina, and the University of Georgia to name a few.
IRS990/ProgSrvcAccomActy3Grp/Desc0Terminus engagement is ensuring the beauty of dance is made accessible to diverse populations across the metro Atlanta area and Georgia, through free pop-up performances, student scholarships, master classes, open classes, open houses, partnerships, and public events, with the overarching goal in reaching neighborhoods and communities traditionally underserved by ballet and professional concert dance. Terminus is deeply committed to community engagement and has reached over 4000 people to date. Currently, Terminus is working with Piedmont Park and the City of Atlanta to offer free public dance performances, classes, and workshops in the Spring of 2023, as well as seeking additional community partnerships with organizations that will enable dance engagement opportunities with our youth and senior populations through classes, workshops, and performances.
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IRS990/ReconcilationRevenueExpnssAmt047847
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0311815
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0311815
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IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
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IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportTotal509Amt0311815
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IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0311815
IRS990ScheduleA/Total509Grp/TotalAmt0311815
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0311815
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0311815
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 WAS PROVIDED TO THE BOARD FOR THEIR REVIEW
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BANK FEES: Column (A) - Total = $659; Column (B) - Program Services = $0; Column (C) - Management & General = $659; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CAR AND TRUCK: Column (A) - Total = $2668; Column (B) - Program Services = $2168; Column (C) - Management & General = $0; Column (D) - Fundraising = $500
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4EDUCATION: Column (A) - Total = $2053; Column (B) - Program Services = $2053; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5OFFICE SUPPLIES: Column (A) - Total = $1917; Column (B) - Program Services = $0; Column (C) - Management & General = $1567; Column (D) - Fundraising = $350
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6PHOTOGRAPHY: Column (A) - Total = $1650; Column (B) - Program Services = $1650; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7SOFTWARE: Column (A) - Total = $1260; Column (B) - Program Services = $0; Column (C) - Management & General = $1260; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8STORAGE: Column (A) - Total = $4500; Column (B) - Program Services = $0; Column (C) - Management & General = $4500; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9TAXES AND ASSESSMENTS: Column (A) - Total = $5366; Column (B) - Program Services = $0; Column (C) - Management & General = $5366; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10TICKET FEES: Column (A) - Total = $4940; Column (B) - Program Services = $0; Column (C) - Management & General = $3590; Column (D) - Fundraising = $1350
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11UTILITIES: Column (A) - Total = $2063; Column (B) - Program Services = $0; Column (C) - Management & General = $2063; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990, Part IX, Line 24e: Other Expenses
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt047847
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IRS990/TotalRevenueGrp/ExclusionAmt0145216
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IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt047847
IRS990/TravelGrp/ProgramServicesAmt0308

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