The Ballet Theatre Of Maryland Incorporated in Annapolis, Maryland (MD)

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The Ballet Theatre Of Maryland Incorporated
Employer Identification Number (EIN)521151372
Name of OrganizationThe Ballet Theatre Of Maryland Incorporated
Address801 Chase St, Annapolis, MD 21401-3530
ActivitiesCultural performances, Other instruction and training
SubsectionCharitable Organization, Educational Organization
Ruling Date01/1991
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2014
Assets$100,000 to $499,999
Income$500,000 to $999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$242,127
Amount of Income$932,843
Form 990 Revenue Amount$922,495
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Ballet


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Amount of income in 2014: $932,843 (it was $765,070 in 2013)
This organization: 

 $932,843
Other organizations performing similar types of work: 

 $173,163

Assets in 2014: $242,127 (it was $180,457 in 2013)
This organization: 

 $242,127
Other organizations performing similar types of work: 

 $45,796

Expenses in 2013: $795,956
The Ballet Theatre Of Maryland Incorporated: 

 $795,956
Other organizations performing similar types of work: 

 $181,481

Income to expenses ratio in 2013: 1.2
The Ballet Theatre Of Maryland Incorporated: 

 1.2
Other organizations performing similar types of work: 

 1.1

Number of employees in 2013: 37
The Ballet Theatre Of Maryland Incorporated: 

 37
Other organizations performing similar types of work: 

 5

Grants share in income in 2013: 26.7%
This organization: 

 26.7%
Other organizations performing similar types of work: 

 32.7%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Functional expenses for 2013

Checklist
20122013
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?NoNo
Is the organization required to complete Schedule B, Schedule of Contributors?YesYes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?NoNo
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?NoNo
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?NoNo
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?NoNo
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?NoNo
Did the organization maintain collections of works of art, historical treasures, or other similar assets?NoNo
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?NoNo
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?NoNo
Did the organization report an amount for land, buildings, and equipment?YesYes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?NoNo
Did the organization report an amount for investments-program related that is 5% or more of its total assets?NoNo
Did the organization report an amount for other assets that is 5% or more of its total assets?YesNo
Did the organization report an amount for other liabilities?NoYes
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)?NoNo
Did the organization obtain separate, independent audited financial statements for the tax year?YesNo
Was the organization included in consolidated, independent audited financial statements for the tax year?NoNo
Is the organization a school described in section 170(b)(1)(A)(ii)?NoNo
Did the organization maintain an office, employees, or agents outside of the United States?NoNo
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?NoNo
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?NoNo
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?NoNo
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?NoNo
Did the organization report more than $15,000 total of fundraising event gross income and contributions?YesYes
Did the organization report more than $15,000 of gross income from gaming activities?NoNo
Did the organization operate one or more hospital facilities?NoNo
Did the organization attach a copy of its audited financial statements?NoNo
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?NoNo
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?NoNo
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?NoNo
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?NoNo
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?NoNo
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?NoNo
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?NoNo
Did the organization engage in an excess benefit transaction with a disqualified person during the year?NoNo
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?NoNo
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?NoNo
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?NoNo
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?NoNo
A family member of a current or former officer, director, trustee, or key employee?NoNo
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?NoNo
Did the organization receive more than $25,000 in non-cash contributions?NoNo
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?NoNo
Did the organization liquidate, terminate, or dissolve and cease operations?NoNo
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?NoNo
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?NoNo
Was the organization related to any tax-exempt or taxable entity?NoNo
Did the organization have a controlled entity within the meaning of section 512(b)(13)?NoNo
Did the organization make any transfers to an exempt non-charitable related organization?NoNo
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?NoNo
Statements Regarding Other IRS Filings and Tax Compliance
201120122013
The number reported in Box 3 of Form 10961111
The number of Forms W-2G00
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?NoNo
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 return3737
Did the organization file all required federal employment tax returns?YesYes
Did the organization have unrelated business gross income of $1,000 or more during the year?NoNoNo
Has it filed a Form 990-T for this year?NoNo
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)?NoNo
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?NoNo
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?NoNo
Did the organization file Form 8886-T?NoNo
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?NoNo
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?NoNo
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?YesYes
Did the organization notify the donor of the value of the goods or services provided?YesNo
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?NoNo
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNo
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNo
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?NoNo
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?NoNo
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?NoNo
Did the sponsoring organization make any taxable distributions under section 4966?NoNo
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?NoNo
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities $0$0$0
Gross income from members or shareholders$0$0$0
Gross income from other sources$0$0$0
Is the organization filing Form 990 in lieu of Form 1041?NoNo
The amount of tax-exempt interest received or accrued during the year$0$0
Is the organization licensed to issue qualified health plans in more than one state?NoNo
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
The amount of reserves on hand$0$0
Did the organization receive any payments for indoor tanning services during the tax year?NoNo
Has it filed a Form 720 to report these payments?NoNo
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
20122013
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$50,259$49,950
Total reportable compensation from related organizations$0$0
Total estimated amount of other compensation from the organization and related organizations$0$0
Total number of individuals who received more than $100,000 of reportable compensation from the organization00
Total number of independent contractors who received more than $100,000 of compensation from the organization00
Statement of Revenue
201120122013
Total revenue$721,244$721,234$765,070
Contributions, Gifts, Grants and Other Similar Amounts$166,732$119,739$204,267
Program Service Revenue$546,854$587,501$554,183
0$366,152$330,598
0$155,939$152,341
0$6,797$9,328
0$26,049$41,034
0$27,114$10,715
All other program service revenue$5,450$10,167
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$0$0$0
Income from investment of tax-exempt bond proceeds$0$0$0
Royalties$0$0$0
Net rental income$0$0$0
Net gain/loss from sales of assets other than inventory$0$0$0
Net income/loss from fundraising events$4,778$13,994$6,620
Gross income from fundraising events$25,984$30,637$27,292
Less: direct expenses$21,206$16,643$20,672
Net income/loss from gaming activities$0$0$0
Net income/loss from sales of inventory$0$0$0
Miscellaneous Revenue$2,880$0$0
Statement of Functional Expenses
201120122013
Total functional expenses$700,296$800,801$795,956
Grants and other assistance to domestic organizations and domestic governments$0$0
Grants and other assistance to domestic individuals$0$0
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$0$0
Benefits paid to or for members$0$0
Compensation of current officers, directors, trustees, and key employees$51,989$50,259$49,950
Compensation not included above, to disqualified persons$0$0
Other salaries and wages$256,748$277,829$287,257
Pension plan accruals and contributions$0$0
Other employee benefits$9,504$9,575
Payroll taxes$28,607$31,008$31,755
Fees for services (non-employees)
Management$0$0
Legal$0$0
Accounting$10,200$0
Lobbying$0$0
Professional fundraising services$0$0$0
Investment management fees$0$0
Other$5,185$18,209
Advertising and promotion$52,351$47,212
Office expenses$14,158$29,412
Information technology$0$0
Royalties$0$0
Occupancy$127,665$120,209
Travel$0$13,061
Payments of travel or entertainment expenses for any federal, state, or local public officials$0$0
Conferences, conventions, and meetings$0$0
Interest$185$3,837
Payments to affiliates$0$0
Depreciation, depletion, and amortization$17,104$17,962
Insurance$5,100$7,424
Other expenses$13,638$16,570
Other expenses$30,043$16,670
Other expenses$37,773$17,628
Other expenses$68,060$54,228
Other expenses$50,739$54,997
Balance Sheet
201120122013
Total assets$242,271$214,944$180,457
Cash - non-interest-bearing$93,936$65,105
Savings and temporary cash investments$0$0
Pledges and grants receivable, net$0$0
Accounts receivable, net$0$0
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$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
Notes and loans receivable, net$0$0
Inventories for sale or use$0$0
Prepaid expenses and deferred charges$0$0
Land, buildings, and equipment: cost or other basis$108,496$110,027
Investments - publicly traded securities$0$0
Investments - other securities$0$0
Investments - program-related$0$0
Intangible assets$0$0
Other assets$12,512$5,325
Total liabilities$68,631$70,943$67,342
Accounts payable and accrued expenses$49,529$49,045
Grants payable$0$0
Deferred revenue$21,414$5,050
Tax-exempt bond liabilities$0$0$0
Escrow or custodial account liability$0$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0$0
Secured mortgages and notes payable to unrelated third parties$0$0$0
Unsecured notes and loans payable to unrelated third parties$0$0$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$0$13,247
Total net assets or fund balances$173,640$144,001$113,115
Unrestricted net assets$117,573$107,628
Temporarily restricted net assets$26,428$5,487
Permanently restricted net assets$0$0
Capital stock or trust principal, or current funds$0$0
Paid-in or capital surplus, or land, building, or equipment fund$0$0
Retained earnings, endowment, accumulated income, or other funds$0$0$0
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:A school described in section 170(b)(1)(A)(ii)
Number of organizations supported0
Sum of amounts of support$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1The Ballet Theatre Of Maryland Incorporated801 Chase St, Annapolis, MD 21401-3530MD1991-01$932,843
2School Of The Garden State Ballet28 Glen Rd, Rutherford, NJ 07070-2002NJ1972-03$691,788
3Virginia Ballet Company And School5595 Guinea Rd, Fairfax, VA 22032-4037VA1966-12$479,966
4Springfield Ballet Inc411 N Sherman Pkwy, Springfield, MO 65802-3652MO1977-01$385,962
5Victoria Ballet Theatre2508 E Mockingbird Ln, Victoria, TX 77904-2443TX1985-06$376,416
6Wichita Falls Ballet Theater Inc1501 Midwestern Pkwy Ste 116, Wichita Falls, TX 76302-1500TX1966-06$329,911
7South Bay Ballet Inc1261 Sartori Ave, Torrance, CA 90501-2718CA1974-10$323,292
8Western Arkansas Ballet4701 Grand Ave, Fort Smith, AR 72904-7141AR1980-02$299,752
9Twin Cities Ballet Company1301 S Morrissey Dr, Bloomington, IL 61701-7511IL1984-03$274,419
10Olney Childrens Ballet Theater Incorporated3460 Olney-Laytonsville Road, Olney, MD 20832-1781MD1994-08$240,959
11Westchester Ballet Company Inc95 Croton Avenue, Ossining, NY 10562-4216NY1958-08$225,536
12Youth Dance Theatre Of Michigan Inc, Ballet ChelseaPO BOX 591, Chelsea, MI 48118-0591MI1997-10$180,264
13National Ballet Of MdPO BOX 620, Tracys Lndg, MD 20779-0620MD1974-07$160,762
14San Antonio Dance Theatre2800 Ne Loop 410 Ste 307, San Antonio, TX 78218-1525TX1998-12$155,994
15Howard County Ballet Inc3012 Harbin Fld, Ellicott City, MD 21042-7109MD1998-06$132,857
16South Jersey Ballet Theatre IncCooper Run Exec Pk Rt 73 N Ut, West Berlin, NJ 08091NJ1992-12$121,650
17State Ballet Of Rhode IslandPO BOX 155, Lincoln, RI 02865-0155RI1967-03$76,592
18Vero Beach Ballet Inc1828 28th Ave, Vero Beach, FL 32960-3073FL1989-06$70,954
19Kathryn Posin Dance Foundation Inc20 Bond St, New York, NY 10012-2406NY1973-10$68,900
20Arka Ballet309 Philadelphia Ave, Takoma Park, MD 20912-4209MD1998-12$0
Number of organizations performing similar types of work
Alabama2
Arkansas2
Arizona1
California25
Colorado3
Connecticut1
Florida11
Georgia6
Hawaii1
Illinois4
Indiana4
Kansas3
Louisiana5
Massachusetts3
Maryland5
Michigan6
Minnesota2
Missouri2
Mississippi1
North Carolina1
New Hampshire1
New Jersey7
New Mexico1
Nevada2
New York14
Ohio7
Pennsylvania7
Rhode Island2
South Carolina4
Tennessee3
Texas19
Utah3
Virginia6
Washington3
Wisconsin1
West Virginia1
Total169

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