Civic Intelligence

Terminus Ballet Inc.

990 • Fiscal year 2023 • EIN 87-2464948

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 01, 2024

Organization Profilewww.terminusmbt.com

View Organization Page

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

32nd percentile

0.00x

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

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

32nd percentile

0.00x

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

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

29th percentile

-6.5%

Higher net margin than 29% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

54th percentile

$0

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

13th percentile

-16%

Faster asset growth than 13% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

19th percentile

-18%

Faster revenue growth than 19% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets32nd percentile

Assets

Down

$326,092

Down $63,142 (-16%) from 2022

Net Assets

Down

$326,092

Down $63,142 (-16%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / Revenue32nd percentileNet Margin29th percentile

Revenue

Down

$980,484

Down $208,254 (-18%) from 2022

Expenses

Up

$1,043,726

Up $196,375 (+23%) from 2022

Net Income

Down

-$63,242

Down $404,629 (-119%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth13th percentile

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

2023

Assets$326,092
Liabilities$0
Net Assets$326,092
Open 2023 Filing

Operations Trend

Revenue Growth19th percentile

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

2023

Revenue$980,484
Expenses$1,043,726
Net Income-$63,242
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 1, 2024
Return Version
2023v5.1
Gross Receipts
$980,484
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
Land, Buildings, and Equipment, Net$227,270$230,386▲ $3,116
Cash and Non-Interest-Bearing Accounts$146,964$35,706▼ $111,258
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-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$389,234$326,092▼ $63,142
Other Assets Total$15,000$60,000▲ $45,000
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$389,234$326,092▼ $63,142
Total Net Assets Fund Balance$389,234$326,092▼ $63,142
Total Liabilities and Net Assets / Fund Balance$389,234$326,092▼ $63,142

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$158,759$22,326$181,085
Equipment$71,627$9,871$81,498
Other Assets Org$60,000--
Compensation and Service Providers
Top Officer Pay54th percentile

Board Members and Trustees

NameTitle
Celeste PendavisChairman
John WelkerPresident
Doug PisikVice Chair
Amy NelsonTrustee
Carolyn ShapiroTrustee
Caryl SmithTrustee
Christian ClarkTrustee
James WeisTrustee
Jane BlountTrustee
Lalohni CampbellTrustee
Lynn Cochran-schroderTrustee
Melissa SiegelmanTrustee
Rachel Van BuskirkTrustee
Tara LeeTrustee
Lindsey VictorSecretary
Stacy CraneTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$538,213
Program Service Revenue
$442,271
Investment Income
$0
Other Revenue
$0
All Other Contributions
$538,213
Change in Net Assets
$-63,242
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$664,220
Salaries, Compensation, and Employee Benefits$379,506
Total Fundraising Expense$120,886
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$189,541$72,901$29,160$291,602
Occupancy$115,554$12,838-$128,392
All Other Expenses$62,748$15,536$2,746$81,030
Other Employee Benefits$41,476$15,952$6,381$63,809
Advertising$35,387-$1,863$37,250
Depreciation Depletion$14,930$7,465$2,488$24,883
Payroll Taxes$15,662$6,024$2,409$24,095
Other Expenses$18,489$1,552$42,596$18,489
Insurance$6,761$2,601$1,040$10,402
Fees for Services Accounting-$750-$750
Total Functional Expenses$787,221$135,619$120,886$1,043,726
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, Section B, Line 11B

“Form 990 was provided to the board for their review”

Form 990, Part VI, Section C, Line 19

“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
2024-11-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Welker
Formed
2021
Legal Domicile
Ga
Voting Board Members
16
Independent Board Members
16
Employees
11

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 XI, Line 9

“Adjustment to beginning net assets = $100”

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IRS990/Desc0Since our founding on 2017, Terminus Modern Ballet Theatre (Terminus) has created 21 original world premiere productions that have reached over 50,000 audience members across metro Atlanta, and Georgia's metropolitan areas of Columbus, Athens, and Carrolton. Over 50% of the venues we perform in do not traditionally present professional concert dance, enabling us to reach 2,500 new audience members annually, thereby introducing and serving our neighborhoods and communities with world class professional concert dance. Expanding performances to reach global audiences, the arts streaming service Marquee T.V. and Terminus have partnered to stream their digital films on demand. 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 integrates digital technologies for the purpose of connecting people through the beauty, power, and humanity of dance.
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IRS990/MissionDesc0TERMINUS 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.
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IRS990/ProgSrvcAccomActy2Grp/Desc0Founded in 2018 as the official school of professional company, Terminus Ballet School (Terminus School) has reached over 6,000 students through annual classes, summer intensives, and open choreographic 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 dance festival, the Terminus school has repeatedly received top honors and has distinguished itself as a top tier ballet institution in the United States. Making world class dance accessible to all as a core company value, the school has given over $160,000 in financial assistance and scholarships to its students ensuring financial need does not act as a barrier to a world class 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. In August 2022, Terminus School moved into its newly renovated 7,700 sq/ft home centrally located in lower Buckhead at the TULA Arts Center. This world class dance facility serves as the operational home of the school and professional company, and allows the organization to expand its service to the community through dance education classes, student scholarships, public performances and open community workshops.
IRS990/ProgSrvcAccomActy3Grp/Desc0Terminus Ballet engagement is ensuring the beauty of dance is made accessible to diverse populations across the metro Atlanta area and Georgia, through free performances, student scholarships, master classes, open classes, open houses, partnerships, and public events, with the overarching goal in reaching audiences traditionally underserved by ballet and professional concert dance. Terminus is deeply committed to community engagement and has reached over 9,000 people to date. Currently, Terminus is working with partners the Atlanta Botanical Gardens, Atlanta Public Schools, the Alliance Theatre, and Kennessaw State University to offer free public dance performances, classes, and workshops in 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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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$326,092
Liabilities
$0
Net assets
$326,092
Revenue
$980,484
Expenses
$1,043,726
Net income
-$63,242
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.12$0.91$0.21$1.17$1.20$0.02
2023Detailed filing. Detailed filing data is available for this year.$0.33$0.00$0.33$0.98$1.04$0.06
2022Detailed filing. Detailed filing data is available for this year.$0.39$0.00$0.39$1.19$0.85$0.34
2021Detailed filing. Detailed filing data is available for this year.$0.05$0.00$0.05$0.31$0.26$0.05