Civic Intelligence

Pacific Northwest Ballet Association

990 • Fiscal year 2019 • EIN 91-0897129

Jul 01, 2018 to Jun 30, 2019 • Filed on May 15, 2020

301 Mercer StreetSeattle, WA 98109-4600

(206) 441-9411

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.39x

Higher debt load relative to assets than 63% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Liabilities / Revenue

49th percentile

0.27x

Higher debt load relative to revenue than 49% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Net Margin

21st percentile

-5.3%

Higher net margin than 21% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Top Officer Pay

78th percentile

$422,681

Higher top officer pay than 78% of similar nonprofits.

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

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Asset Growth

10th percentile

-5.9%

Faster asset growth than 10% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Revenue Growth

23rd percentile

-6.9%

Faster revenue growth than 23% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Assets

Down

$18,243,445

Down $1,152,384 (-5.9%) from 2018

Net Assets

Down

$11,197,917

Down $1,366,923 (-11%) from 2018

Liabilities

Up

$7,045,528

Up $214,539 (+3.1%) from 2018

Revenue

Down

$25,658,567

Down $1,907,100 (-6.9%) from 2018

Expenses

Up

$27,025,490

Up $467,174 (+1.8%) from 2018

Net Income

Down

-$1,366,923

Down $2,374,274 (-236%) from 2018

Historical Trend

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2010: $9,547,919Liabilities 2010: $5,064,660Net Assets 2010: $4,483,2592010Assets 2011: $9,311,561Liabilities 2011: $4,550,945Net Assets 2011: $4,760,6162011Assets 2012: $8,171,752Liabilities 2012: $4,510,622Net Assets 2012: $3,661,1302012Assets 2013: $7,617,728Liabilities 2013: $4,247,518Net Assets 2013: $3,370,2102013Assets 2014: $10,170,652Liabilities 2014: $5,103,425Net Assets 2014: $5,067,2272014Assets 2015: $13,154,490Liabilities 2015: $5,626,400Net Assets 2015: $7,528,0902015Assets 2016: $13,727,600Liabilities 2016: $5,753,174Net Assets 2016: $7,974,4262016Assets 2017: $18,440,193Liabilities 2017: $6,882,704Net Assets 2017: $11,557,4892017Assets 2018: $19,395,829Liabilities 2018: $6,830,989Net Assets 2018: $12,564,8402018Assets 2019: $18,243,445Liabilities 2019: $7,045,528Net Assets 2019: $11,197,9172019Assets 2020: $18,272,549Liabilities 2020: $7,359,784Net Assets 2020: $10,912,7652020Assets 2021: $17,925,584Liabilities 2021: $9,085,798Net Assets 2021: $8,839,7862021Assets 2022: $27,529,180Liabilities 2022: $8,726,421Net Assets 2022: $18,802,7592022Assets 2023: $30,844,012Liabilities 2023: $16,524,593Net Assets 2023: $14,319,4192023Assets 2024: $36,402,072Liabilities 2024: $16,485,016Net Assets 2024: $19,917,0562024

Highlighted filing

2019

Assets$18,243,445
Liabilities$7,045,528
Net Assets$11,197,917

Operations Trend

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

$40M$20M$0-$20MExpenses 2010: $20,247,6422010Expenses 2011: $20,421,9292011Expenses 2012: $20,901,6962012Expenses 2013: $22,193,5662013Revenue 2014: $23,628,308Expenses 2014: $21,931,291Net Income 2014: $1,697,0172014Revenue 2015: $25,943,278Expenses 2015: $23,482,415Net Income 2015: $2,460,8632015Revenue 2016: $24,747,483Expenses 2016: $24,301,147Net Income 2016: $446,3362016Revenue 2017: $28,922,789Expenses 2017: $25,339,726Net Income 2017: $3,583,0632017Revenue 2018: $27,565,667Expenses 2018: $26,558,316Net Income 2018: $1,007,3512018Revenue 2019: $25,658,567Expenses 2019: $27,025,490Net Income 2019: -$1,366,9232019Revenue 2020: $24,911,742Expenses 2020: $25,196,894Net Income 2020: -$285,1522020Revenue 2021: $12,920,719Expenses 2021: $14,887,792Net Income 2021: -$1,967,0732021Revenue 2022: $38,841,685Expenses 2022: $28,745,977Net Income 2022: $10,095,7082022Revenue 2023: $25,475,416Expenses 2023: $29,947,572Net Income 2023: -$4,472,1562023Revenue 2024: $37,179,777Expenses 2024: $31,603,969Net Income 2024: $5,575,8082024

Highlighted filing

2019

Revenue$25,658,567
Expenses$27,025,490
Net Income-$1,366,923
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
May 15, 2020
Return Version
2018v3.0
Gross Receipts
$26,073,442
Mission and Program Overview

Mission

Pacific Northwest Ballet Association's (PNB) mission is to set new standards for artistic excellence, innovation and creativity; attract the most talented dancers, choreographers, musicians, collaborative artists, staff and volunteers; educate and develop dance artists as well as enthusiasts; captivate a devoted, supportive, growing and diverse audience; and strengthen our financial and organizational foundation.

Pacific Northwest Ballet Association works to stimulate, promote and develop interest in dance and related arts in the Pacific Northwest through professional ballet performances, ballet and recreational dance instruction, and community outreach and education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$13,543,531$12,352,509▼ $1,191,022
Cash and Non-Interest-Bearing Accounts$30,808$2,441,162▲ $2,410,354
Pledges and Grants Receivable$3,591,733$1,702,479▼ $1,889,254
Prepaid Expenses and Deferred Charges$1,268,674$808,021▼ $460,653
Savings and Temporary Cash Investments$222,136$250,945▲ $28,809
Inventories for Sale or Use$286,423$248,528▼ $37,895
Investments in Publicly Traded Securities$162,846$151,340▼ $11,506
Accounts Receivable$72,293$94,026▲ $21,733
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$19,395,829$18,243,445▼ $1,152,384
Other Assets Total$217,385$194,435▼ $22,950
Liabilities
Deferred Revenue$4,136,481$4,445,556▲ $309,075
Accounts Payable and Accrued Expenses$2,549,885$2,480,501▼ $69,384
Other Liabilities$123,836$119,471▼ $4,365
Unsecured Notes Loans Payable$20,787$0▼ $20,787
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$6,830,989$7,045,528▲ $214,539
Net Assets / Fund Balance
Unrestricted Net Assets$5,191,404$7,895,866▲ $2,704,462
Temporarily Rstr Net Assets$7,373,436$3,302,051▼ $4,071,385
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$12,564,840$11,197,917▼ $1,366,923
Total Liabilities and Net Assets / Fund Balance$19,395,829$18,243,445▼ $1,152,384

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$10,534,200$6,406,379$16,940,579
Other Land Buildings$1,789,906$5,784,256$7,574,162
Equipment$28,403$594,136$622,539
Buildings$0$0$0
Land$0-$0

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$19,254,508$387,062▲ $977,174$0$19,741,644
2017$18,148,008$542,907▲ $1,388,402$0$19,254,508
2016$15,778,987$1,188,997▲ $2,071,579$0$18,148,008
2015$17,026,097$29,054▼ $404,196$0$15,778,987
2014$16,919,887$805,201▲ $206,179$0$17,026,097
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Peter BoalArtistic DirectorFT$402,753$19,928$422,681
Ellen WalkerExecutive DirectorFT$260,636$16,119$276,755
Emil de CouMusic Director/Principal ConductorFT$154,427$7,516$161,943
David ThorpeChief Financial OfficerFT$123,227$10,086$133,313
Elizabeth DanmoreDirector of DevelopmentFT$111,968$2,120$114,088
Lia ChiarelliDirector of MarketingFT$104,298$9,776$114,074

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
City of SeattleUshers and Facilities Support305 Harrison Street, Suite 200, Seattle, WA 98109$604,109
DcmTeleservices330 West 38th Street Suite 207, New York, NY 10018$287,381
The Seattle TimesAdvertisingPO BOX 34698, Seattle, WA 98124$161,849
Lacy & ParAdvertising660 S Industrial Way, Seattle, WA 98108$157,961
-Catering305 Harrison Street, Seattle, WA 98109$144,811
Revenue and Support

Revenue Composition

Contributions and Grants
$7,596,152
Program Service Revenue
$16,878,175
Investment Income
$1,005,098
Other Revenue
$179,142
All Other Contributions
$5,103,458
Change in Net Assets
$-1,366,923

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded23$282,922Mean Price Quote
Food Inventory17$122,818Fair Market Value Estimate
Total Noncash Contributions40$405,740-

Audited Revenue Reconciliation

Revenue per Audited Statements
$24,858,567
Revenue Not Reported on Financial Statements
$800,000
Revenue Not Reported on Form 990
$1,786,043
Other Revenue Adjustments
$800,000
Total Revenue per Audited Statements
$26,644,610
Total Revenue per Form 990
$25,658,567
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$16,740,156
Other Expenses$9,810,728
Total Fundraising Expense$1,122,237
Grants and Similar Amounts Paid$370,288
Professional Fundraising Fees$104,318

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$10,998,575$544,470$567,494$12,110,539
Occupancy$1,354,511$513,906$455$1,868,872
Payroll Taxes$1,457,189$94,748$72,833$1,624,770
Advertising$1,383,357$3,600$6,963$1,393,920
Other Employee Benefits$1,235,383$64,201$52,814$1,352,398
Depreciation Depletion$1,162,604$0$0$1,162,604
Office Expenses$825,168$136,194$74,565$1,035,927
Current Officers, Directors, Trustees, and Key Employees$601,792$401,585$0$1,003,377
Pension Plan Contributions$628,289$11,534$9,249$649,072
Fees for Services Other$458,052$107,576$0$565,628
Travel$387,581$4,472$5,788$397,841
Royalties$360,673$0$0$360,673
Other Expenses$313,829$0$0$313,829
Grants to Domestic Orgs$298,817--$298,817
All Other Expenses$35,893$22,667$222,637$281,197
Information Technology$69,342$176,609$4,867$250,818
Fees for Services Professional Fundraising--$104,318$104,318
Insurance$25,348$61,016$0$86,364
Grants to Domestic Individuals$71,471--$71,471
Fees for Services Accounting$0$43,874$0$43,874
Fees for Services Legal$5,624$20,882$0$26,506
Fees for Services Lobbying$0$20,000$0$20,000
Interest$0$13,206$0$13,206
Conferences and Meetings$3,640$3,070$254$6,964
Total Functional Expenses$23,659,643$2,243,610$1,122,237$27,025,490

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$27,524,397
Total Expenses per Form 990$27,025,490
Expenses per Audited Statements$26,726,672
Expenses Not Reported on Form 990$797,725
Expenses Not Reported on Financial Statements$298,818
Other Expense Adjustments$298,818
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Pacific Northwest Ballet FoundationSeattle, WA-Bequests received by the Association have been designated by its Board of Trustees to the Association's supporting foundation for investment in its endowment.$298,817

International Summary

Offices
0
Employees
78
Spending
$342,936

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Europe (including Iceland and Greenland)Program ServicesParis Tour July 2019 -- Pacific Northwest Ballet toured Paris from June 25 -July 7, 2018 to perform at the Les Étés de la Danse Festival. The two-week festival devoted its first week to a multi-company celebration of Jerome Robbins, including PNB dancing Opus 19/The Dreamer. PNB was exclusively featured in the second week performing alternating programs of eight signature works.078$342,936
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$131,953
Fundraising Gross Income$131,953
Professional Fundraising Fees$104,318
Gaming Direct Expenses$0
Gaming Gross Income$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
First Look Gala$432,922$98,034$70,525$27,509
Nutcracker Event$52,538$6,859$6,859$0
Total Events$582,372$131,954$131,954$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

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

Other Reported Liabilities

LiabilityAmount
Gift Annuity$119,471
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
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Catherine Ries and Barbara Ries, Trustees have a family relationship.

Form 990, Part VI, Section A, Line 6

Membership is open to the public upon payment of an annual membership contributions as established by the Governing Board. Members only have the power to vote in the election of the Governing Board of Trustees.

Form 990, Part VI, Section A, Line 7A

Members elect the Governing Board Trustees at the annual meeting of the Members.

Form 990, Part VI, Section B, Line 11B

The Chief Financial Officer reviews the Form 990 and Schedules before it if filed. All Governing Board Trustees are emailed a link to a password protected website on which the entire Form 990 can be viewed.

Form 990, Part VI, Section B, Line 12C

The Conflict of Interest Policy covers the Governing Board Trustees, officers and members of the committees with Governing Board delegated powers, who are requested annually to disclose any potential conflicts of interest in connection with any actual or possible conflicts of interest. An interested person must disclose the existence of the financial interest and is given the opportunity to disclose all materials facts to the Governing Board or Committee considering the proposed transactions or arrangements. The Governing Board or Committee excluding the interested person determine if a conflict of interest exists.

Form 990, Part VI, Section B, Line 15

The Personnel Committee of the Board of Trustees sets compensation for the Executive Director and the Artistic Director after a performance assessment and review of comparable salaries. Other Officers and/or Key Employees compensation is recommended by the Human Resource Director in consultation with the Executive Director and Artistic Director after a review of the comparable salaries.

Form 990, Part VI, Section C, Line 19

Governing documents and conflict of interest policy are available to the public on request. Audited financial statements are available on our website and upon request.

Filing and Contact Details

Filer

Filer Name
Pacific Northwest Ballet Association
EIN
91-0897129
Phone
2064419411
Address
301 Mercer Street, Seattle, WA 98109-4600

Signing Officer

Name
David Thorpe
Title
CFO
Phone
2064413575
Signed
2020-05-15

Organization Details

Principal Officer
David Thorpe
Formed
1972
Legal Domicile
Wa
Voting Board Members
48
Independent Board Members
48
Employees
606
Volunteers
500
Supplemental Narrative

Financial Statement Notes

Schedule D, Part V, Line 4

The Foundation was formed to conduct and support activities exclusively for the benefit of the Association. The Foundation receives and holds endowment funds and makes distribution to the Association.

Schedule D, Part XI, Line 2D

The audited financial statements are prepared on a consolidated basis with Pacific Northwest Ballet Foundation. The revenues of the Pacific Northwest Ballet Foundation are reported on the Form 990 filed by the Foundation.

Schedule D, Part XI, Line 4B

The audited financial statements are prepared on a consolidated basis with Pacific Northwest Ballet Foundation. The $800,000 granted from the Pacific Northwest Ballet Foundation to the Association is eliminated in the consolidation.

Schedule D, Part XII, Line 4B

The audited financial statement are prepare on a consolidated basis with Pacific Northwest Ballet Foundation. The $298,818 granted from the Association to Pacific Northwest Ballet Foundation is eliminated in consolidation.

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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/Desc0Pacific Northwest Ballet Association (PNB) consists of fifty dancers and a live orchestra and presents about 90+ performances annually including six repertory productions of full-length and mixed repertory ballets, George Balanchine's The Nutcracker(R), and a season Encore performance, as well as national and international touring venues that including New York and Paris, France. During Artistic Director Peter Boal's tenure to date, PNB added more than one hundred ballets, bringing the company's grand total to more than three hundred. PNB hosts more than 250 experiences through performances, lectures, demonstrations, community outreach, and donor cultivation or recognition events at Marion Oliver McCaw Hall and other Seattle venues. PNB benefits more than 225,000 adults and children throughout the Puget Sound region. Our artistic and educational programming reflects PNB's dedication to making ballet accessible to people of all ages and from all walks of life. We accomplish this by showcasing traditional ballet and innovative contemporary choreography, providing live orchestra music, offering behind-the-scenes experiences, and cultivating new generations of arts participants and enthusiasts through dance education and engagement.
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IRS990/Form990PartVIISectionAGrp/PersonNm0David Hadley
IRS990/Form990PartVIISectionAGrp/PersonNm1Joan Fitzmaurice
IRS990/Form990PartVIISectionAGrp/PersonNm2Lynn Lindsay
IRS990/Form990PartVIISectionAGrp/PersonNm3Maria Mackey
IRS990/Form990PartVIISectionAGrp/PersonNm4Lynne Graybeal
IRS990/Form990PartVIISectionAGrp/PersonNm5H David Kaplan
IRS990/Form990PartVIISectionAGrp/PersonNm6Aya Hamilton
IRS990/Form990PartVIISectionAGrp/PersonNm7Donna Barnett
IRS990/Form990PartVIISectionAGrp/PersonNm8Carl Behnke
IRS990/Form990PartVIISectionAGrp/PersonNm9Susan Brotman
IRS990/Form990PartVIISectionAGrp/PersonNm10Sue Buske
IRS990/Form990PartVIISectionAGrp/PersonNm11John Conte
IRS990/Form990PartVIISectionAGrp/PersonNm12Sharon Falkner
IRS990/Form990PartVIISectionAGrp/PersonNm13Jerald Farley
IRS990/Form990PartVIISectionAGrp/PersonNm14Stephen E Fuhs

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$36.4$16.5$19.9$37.2$31.6$5.58
2023Summary only. Only limited summary data is available for this year.$30.8$16.5$14.3$25.5$29.9$4.47
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$27.5$8.73$18.8$38.8$28.7$10.1
2021Summary only. Only limited summary data is available for this year.$17.9$9.09$8.84$12.9$14.9$1.97
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.3$7.36$10.9$24.9$25.2$0.29
2019Detailed filing. Detailed filing data is available for this year.$18.2$7.05$11.2$25.7$27.0$1.37
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$19.4$6.83$12.6$27.6$26.6$1.01
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.4$6.88$11.6$28.9$25.3$3.58
2016Detailed filing. Detailed filing data is available for this year.$13.7$5.75$7.97$24.7$24.3$0.45
2015Detailed filing. Detailed filing data is available for this year.$13.2$5.63$7.53$25.9$23.5$2.46
2014Summary only. Only limited summary data is available for this year.$10.2$5.10$5.07$23.6$21.9$1.70
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.62$4.25$3.37$22.2
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.17$4.51$3.66$20.9
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.31$4.55$4.76$20.4
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.55$5.06$4.48$20.2