Miami City Ballet Inc in Miami Beach, Florida (FL)

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Miami City Ballet Inc
Employer Identification Number (EIN)592578534
Name of OrganizationMiami City Ballet Inc
Address2200 Liberty Ave, Miami Beach, FL 33139-1641
ActivitiesCultural performances, Community theatrical group
SubsectionCharitable Organization
Ruling Date01/1986
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period04/2014
Assets$1,000,000 to $4,999,999
Income$10,000,000 to $49,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$4,725,147
Amount of Income$14,947,403
Form 990 Revenue Amount$14,522,660
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Ballet


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Amount of income in 2014: $14,947,403 (it was $15,432,374 in 2013)
This organization: 

 $14,947,403
Other organizations performing similar types of work: 

 $1,390,383

Assets in 2014: $4,725,147 (it was $4,497,782 in 2013)
This organization: 

 $4,725,147
Other organizations performing similar types of work: 

 $573,790

Expenses in 2014: $14,308,360
This organization: 

 $14,308,360
Other organizations performing similar types of work: 

 $1,749,635

Income to expenses ratio in 2014: 1.0
This organization: 

 1.0
Other organizations performing similar types of work: 

 1.1

Number of employees in 2014: 291
Miami City Ballet Inc: 

 291
Other organizations performing similar types of work: 

 76

Employees paid over $100,000 in 2014: 1.7%
This organization: 

 1.7%
Other organizations performing similar types of work: 

 0.0%

Grants share in income in 2014: 52.0%
This organization: 

 52.0%
Other organizations performing similar types of work: 

 37.4%

Financial snapshot ($)

Revenue for 2014

Assets at the end of 2014

Functional expenses for 2014

Support schedule

Checklist
201220132014
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?YesYesYes
Is the organization required to complete Schedule B, Schedule of Contributors?YesYesYes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?NoNoNo
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?NoNoNo
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?NoNoNo
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?NoNoNo
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?NoNoNo
Did the organization maintain collections of works of art, historical treasures, or other similar assets?NoNoNo
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?NoNoNo
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?YesYesYes
Did the organization report an amount for land, buildings, and equipment?YesYesYes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?NoNoNo
Did the organization report an amount for investments-program related that is 5% or more of its total assets?NoNoNo
Did the organization report an amount for other assets that is 5% or more of its total assets?NoNoNo
Did the organization report an amount for other liabilities?YesYesYes
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?NoNoNo
Did the organization obtain separate, independent audited financial statements for the tax year?YesYesYes
Was the organization included in consolidated, independent audited financial statements for the tax year?NoNoNo
Is the organization a school described in section 170(b)(1)(A)(ii)?NoNoNo
Did the organization maintain an office, employees, or agents outside of the United States?NoNoNo
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?NoNoNo
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?NoNoNo
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?NoNoNo
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?YesNoYes
Did the organization report more than $15,000 total of fundraising event gross income and contributions?YesYesYes
Did the organization report more than $15,000 of gross income from gaming activities?NoNoNo
Did the organization operate one or more hospital facilities?NoNoNo
Did the organization attach a copy of its audited financial statements?NoNoNo
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?NoNoNo
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?NoNoNo
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?YesYesYes
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?NoNoNo
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?NoNoNo
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?NoNoNo
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?NoNoNo
Did the organization engage in an excess benefit transaction with a disqualified person during the year?NoNoNo
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?NoNoNo
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?YesYesYes
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?NoNoNo
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?NoNoNo
A family member of a current or former officer, director, trustee, or key employee?YesYesNo
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?NoNoNo
Did the organization receive more than $25,000 in non-cash contributions?YesYesYes
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?NoNoNo
Did the organization liquidate, terminate, or dissolve and cease operations?NoNoNo
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?NoNoNo
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?NoNoNo
Was the organization related to any tax-exempt or taxable entity?NoNoNo
Did the organization have a controlled entity within the meaning of section 512(b)(13)?NoNoNo
Did the organization make any transfers to an exempt non-charitable related organization?NoNoNo
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?NoNoNo
Statements Regarding Other IRS Filings and Tax Compliance
2011201220132014
The number reported in Box 3 of Form 1096645877
The number of Forms W-2G000
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?NoNoNo
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return319328291
Did the organization file all required federal employment tax returns?YesYesYes
Did the organization have unrelated business gross income of $1,000 or more during the year?NoNoNoNo
Has it filed a Form 990-T for this year?NoNoNo
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?NoNoNo
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?NoNoNo
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?NoNoNo
Did the organization file Form 8886-T?NoNoNo
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?YesYesYes
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?YesYesYes
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?YesYesYes
Did the organization notify the donor of the value of the goods or services provided?YesYesYes
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?NoNoNo
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNoNo
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?YesYesNo
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?NoNoNo
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?NoNoNo
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?NoNoNo
Did the sponsoring organization make any taxable distributions under section 4966?NoNoNo
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?NoNoNo
Initiation fees and capital contributions$0$0$0$0
Gross receipts for public use of club facilities $0$0$0$0
Gross income from members or shareholders$0$0$0$0
Gross income from other sources$0$0$0$0
Is the organization filing Form 990 in lieu of Form 1041?NoNoNo
The amount of tax-exempt interest received or accrued during the year$0$0$0
Is the organization licensed to issue qualified health plans in more than one state?NoNoNo
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0$0$0
The amount of reserves on hand$0$0$0
Did the organization receive any payments for indoor tanning services during the tax year?NoNoNo
Has it filed a Form 720 to report these payments?NoNoNo
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
201220132014
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$994,805$930,834$1,253,663
Total reportable compensation from related organizations$0$0$0
Total estimated amount of other compensation from the organization and related organizations$8,302$0$0
Total number of individuals who received more than $100,000 of reportable compensation from the organization535
Total number of independent contractors who received more than $100,000 of compensation from the organization100
Statement of Revenue
2011201220132014
Total revenue$14,977,247$12,337,521$14,321,372$14,522,660
Contributions, Gifts, Grants and Other Similar Amounts$8,620,422$5,823,510$8,907,689$7,551,558
Program Service Revenue$6,252,832$6,576,768$5,882,551$6,879,607
Dance Companies $5,212,840$4,496,718$5,395,458
Educational Support Services$1,340,951$1,369,448$1,477,786
532000$22,977$16,385$6,363
All other program service revenue$0$0$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$55,551$51,697$29,902$33,245
Income from investment of tax-exempt bond proceeds$0$0$0$0
Royalties$0$0$0$0
Net rental income$0$0$0$0
Net gain/loss from sales of assets other than inventory$32,603$23,291$-113,640$36,411
Gross amount from sales of assets other than inventory (Securities / Other)$787,839 / $0$2,057,110 / $0$786,143 / $0$226,830 / $0
Less: cost or other basis and sales expenses (Securities / Other)$755,236 / $0$2,033,819 / $0$755,591 / $144,192$190,419 / $0
Gain or (loss) (Securities / Other)$32,603 / $0$23,291 / $0$30,552 / $-144,192$36,411 / $0
Net income/loss from fundraising events$0$-141,332$-165,721$-14,171
Gross income from fundraising events$0$228,425$31,000$188,500
Less: direct expenses$0$369,757$196,721$202,671
Net income/loss from gaming activities$0$0$0$0
Net income/loss from sales of inventory$15,839$3,587$20,591$36,010
Gross sales of inventory, less returns and allowances$40,524$32,250$35,089$67,663
Less: cost of goods sold$24,685$28,663$14,498$31,653
Miscellaneous Revenue$0$0$-240,000$0
Statement of Functional Expenses
2011201220132014
Total functional expenses$15,040,204$15,144,656$13,730,784$14,308,360
Grants and other assistance to domestic organizations and domestic governments$0$0$0
Grants and other assistance to domestic individuals$0$0$0
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$0$0$0
Benefits paid to or for members$0$0$0
Compensation of current officers, directors, trustees, and key employees$685,250$723,392$1,104,000$785,000
Compensation not included above, to disqualified persons$0$0$296,450
Other salaries and wages$4,931,096$5,012,072$5,099,068$5,480,471
Pension plan accruals and contributions$130,747$81,096$96,893
Other employee benefits$805,386$1,307,098$928,527
Payroll taxes$517,349$518,361$509,524$542,570
Fees for services (non-employees)
Management$0$0$0
Legal$9,705$70,041$0
Accounting$26,500$35,012$31,000
Lobbying$0$0$0
Professional fundraising services$229,848$205,619$0$175,722
Investment management fees$0$0$0
Other$476,886$439,692$214,142
Advertising and promotion$606,411$660,074$766,020
Office expenses$16,702$19,980$13,338
Information technology$110,558$215,432$222,992
Royalties$88,050$77,090$98,360
Occupancy$973,013$851,075$1,041,157
Travel$513,980$381,911$342,672
Payments of travel or entertainment expenses for any federal, state, or local public officials$0$0$0
Conferences, conventions, and meetings$0$0$0
Interest$29,195$32,139$26,325
Payments to affiliates$0$0$0
Depreciation, depletion, and amortization$193,112$149,231$163,038
Insurance$71,216$76,057$78,022
Other expenses$939,858$580,671$770,935
Other expenses$801,781$442,746$464,359
Other expenses$773,009$236,142$283,016
Other expenses$407,702$177,840$229,329
Other expenses$1,711,401$1,184,865$1,258,022
Balance Sheet
2011201220132014
Total assets$6,494,895$4,070,481$4,497,782$4,725,147
Cash - non-interest-bearing$243,246$255,400$77,299
Savings and temporary cash investments$44,205$287,104$28,355
Pledges and grants receivable, net$849,673$1,054,825$1,547,553
Accounts receivable, net$4,013$22,785$9,608
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$0$0$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0$0$0
Notes and loans receivable, net$0$0$0
Inventories for sale or use$219,052$227,640$295,291
Prepaid expenses and deferred charges$183,032$342,242$253,747
Land, buildings, and equipment: cost or other basis$1,460,038$1,189,006$1,242,575
Investments - publicly traded securities$1,042,310$1,093,868$1,157,150
Investments - other securities$0$0$0
Investments - program-related$0$0$0
Intangible assets$0$0$0
Other assets$24,912$24,912$113,569
Total liabilities$4,723,289$5,154,969$4,961,387$4,974,481
Accounts payable and accrued expenses$1,225,786$1,617,484$1,136,070
Grants payable$0$0$0
Deferred revenue$2,097,032$2,072,035$2,194,394
Tax-exempt bond liabilities$0$0$0$0
Escrow or custodial account liability$0$0$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$790,000$465,000$900,000
Secured mortgages and notes payable to unrelated third parties$747,734$947,734$717,208$659,032
Unsecured notes and loans payable to unrelated third parties$0$0$0$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$94,417$89,660$84,985
Total net assets or fund balances$1,771,606$-1,084,488$-463,605$-249,334
Unrestricted net assets$-4,210,944$-3,486,586$-3,790,881
Temporarily restricted net assets$1,112,230$1,228,755$1,747,321
Permanently restricted net assets$2,014,226$1,794,226$1,794,226
Capital stock or trust principal, or current funds$0$0$0
Paid-in or capital surplus, or land, building, or equipment fund$0$0$0
Retained earnings, endowment, accumulated income, or other funds$0$0$0$0
Reason for Public Charity Status (for 2014)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2010 - 2014)
2010 - 2014 Total
Public Support$32,325,677
Subtotal Support$36,790,127
Gifts, grants, contributions, and membership fees received$36,790,127
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support$4,464,450
Total Support$37,046,517
Public Support$36,790,127
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$256,390
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income. Do not include gain or loss from the sale of capital assets$0
Gross receipts from related activities, etc.$25,801,682
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1The Joffrey Ballet10 E Randolph St, Chicago, IL 60601-3617IL1995-07$16,639,136
2Miami City Ballet Inc2200 Liberty Ave, Miami Beach, FL 33139-1641FL1986-01$14,947,403
3Washington Ballet3515 Wisconsin Ave Nw, Washington, DC 20016-3010DC1966-11$10,936,294
4Tulsa Ballet Theater Inc1212 E 45th Pl, Tulsa, OK 74105-4508OK1964-08$9,925,845
5Sarasota Ballet Of Florida Inc5555 N Tamiami Trl, Sarasota, FL 34243-2141FL1990-01$6,511,655
6Orlando Ballet Inc415 E Princeton St, Orlando, FL 32803-1453FL1979-06$5,260,004
7Smuin Ballets-Sf44 Gough St Ste 103, San Francisco, CA 94103-5423CA1994-05$4,485,585
8Sacramento Ballet Association1631 K St, Sacramento, CA 95814-4019CA1974-02$2,727,142
9Maryland Youth Ballet Inc926 Ellsworth Dr, Silver Spring, MD 20910-4401MD1973-07$1,993,205
10State Of Alabama Ballet Inc2726 1st Ave S, Birmingham, AL 35233-2719AL1982-09$1,761,165
11Santa Fe Festival Ballet Inc, Santa Fe Festival Ballet550 B St Michaels Dr, Santa Fe, NM 87505-7610NM1996-11$869,932
12Southwest Virginia Ballet CompanyPO BOX 3275, Roanoke, VA 24015-1275VA1993-09$246,663
13Roanoke Ballet Theatre Inc1318 Grandin Rd Sw, Roanoke, VA 24015-2316VA1980-01$191,777
14Sono Dance Company Inc509 Westport Ave, Norwalk, CT 06851-4411CT1976-06$154,732
15West Michigan Youth BalletPO BOX 725, Ada, MI 49301-0725MI2008-03$89,691
16Orlando City Ballet Inc618 N Mills Ave, Orlando, FL 32803-4638FL1994-09$66,486
17Phoenix Ballet Association Inc, Novaballet3219 E Camelback Rd Ste 202, Phoenix, AZ 85018-2307AZ2007-11$61,246
18Spindle City Ballet Inc288 Plymouth Ave, Fall River, MA 02721-4226MA1996-10$44,893
19Tacoma Performing Dance Company5212 S Washington St Ste D, Tacoma, WA 98409-2705WA1973-01$33,205
20Ballet Florida Inc2255 Glades Rd Ste 337w, Boca Raton, FL 33431-7379FL1976-08$270
Number of organizations performing similar types of work
Alabama1
Arizona2
California16
Colorado4
Connecticut1
District of Columbia1
Florida5
Georgia3
Idaho1
Illinois3
Indiana1
Massachusetts6
Maryland2
Maine1
Michigan2
Minnesota1
Missouri1
Mississippi1
North Carolina3
New Jersey2
New Mexico1
New York10
Ohio6
Oklahoma2
Oregon1
Pennsylvania3
Rhode Island1
South Carolina1
Tennessee4
Texas5
Utah2
Virginia5
Washington2
Wisconsin1
Wyoming1
International2
Total104

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