2024-05-13T10:17:26-05:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP 4601 SIX FORKS ROAD SUITE 350 RALEIGH NC 27609 990 2022-07-01 561445383 CAROLINA BALLET INC CARO 9197190800 3030 STONY BROOK DRIVE RALEIGH NC 27604 MARGARET DEAL TREASURER 9197190800 2024-05-10 1 MARGARET DEAL 999009999 1 REBECCA FISHER P01690017 9197813581 2024-05-09 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z X MARGARET DEAL 3030 STONY BROOK DRIVE RALEIGH NC 27604 9915875 0 X WWW.CAROLINABALLET.COM X 1984 NC CAROLINA BALLET'S MISSION IS TO PERFORM WORLD-CLASS PROFESSIONAL BALLET, ENTERTAINING AND ENLIGHTENING AUDIENCES IN RALEIGH, THE TRIANGLE REGION, THE STATE OF NORTH CAROLINA, AND BEYOND. 17 17 131 85 0 0 4158755 5100655 2809346 3880547 -273 38300 629230 632060 7597058 9651562 0 0 0 0 2311055 3131986 0 0 236424 3977097 5621522 6288152 8753508 1308906 898054 3987257 4769065 1705524 1589278 2281733 3179787 X CAROLINA BALLET'S MISSION IS TO PERFORM WORLD-CLASS PROFESSIONAL BALLET, ENTERTAINING AND ENLIGHTENING AUDIENCES IN RALEIGH, THE TRIANGLE REGION, THE STATE OF NORTH CAROLINA, AND BEYOND. CAROLINA BALLET WORKS TO ACCOMPLISH THIS MISSION BY (CONT. ON SCH. O)1) ATTRACTING, DEVELOPING ENLIGHTENING DANCERS AND ARTISTIC PERSONNEL COMBINED WITH A FISCALLY RESPONSIBLE MANAGEMENT TEAM AND BOARD OF DIRECTORS; 2) COMMISSIONING NEW WORKS BY INNOVATIVE CHOREOGRAPHERS; 3) PRESENTING TRADITIONAL BALLETS OF LEGENDARY MASTERS; AND 4) EDUCATING CURRENT AND FUTURE AUDIENCES THROUGH PROGRAMS FOR SCHOOL CHILDREN & YOUNG ADULTS AND OTHER PERFORMANCE OUTREACH ACTIVITIES. 0 0 7830681 3880547 CAROLINA BALLET OFFERS CLASSICAL WORKS, TRADITIONAL STORY BALLETS AND INNOVATIVE NEW CHOREOGRAPHY, AS WELL AS AN ANNUAL NUTCRACKER PROGRAM. WE PERFORM APPROXIMATELY 75-80 TIMES EACH SEASON. EACH YEAR, WE DONATE OVER 2,500 TICKETS TO COMMUNITY SERVICE NONPROFITS AND PERFORM A "FREE" NUTCRACKER COMMUNITY PERFORMANCE IN DECEMBER. SINCE 1998, WE HAVE PRESENTED APPROXIMATELY 1,075 PERFORMANCES TO MORE THAN 1M PEOPLE.THE BALLET HAS REACHED MORE THAN 100,000 CHILDREN (PRE-K TO HIGH SCHOOL) THROUGH OUTREACH AND EDUCATION PROGRAMS. DANCERS IN SCHOOLS PRESENTS HANDS-ON BALLET DEMONSTRATIONS BY PROFESSIONAL DANCERS IN ELEMENTARY SCHOOLS.WE CONTINUED TO TRAIN AND ENGAGE YOUNG AND EMERGING DANCERS THROUGH OUR RUTH SHUR SUMMER INTENSIVE, ONE OF THE TOP-RATED SUMMER BALLET TRAINING PROGRAMS IN THE COUNTRY.OUR SCHOOL OF CAROLINA BALLET (SCB) OFFERS PROFESSIONAL DANCE TRAINING AFTER SCHOOL FOR AGES 6 AND UP. SCB PROVIDES SCHOLARSHIPS FOR ECONOMICALLY DISADVANTAGED STUDENTS, REGARDLESS OF RACE OR GENDER.CAROLINA BALLET IS PROUD OF OUR ORGANIZATION'S NIMBLENESS, FLEXIBILITY AND RESILIENCY DURING THE PANDEMIC. THE BALLET WILL CELEBRATE ITS 25TH ANNIVERSARY IN FY 2022-2023. 7830681 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 87 0 1 131 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 17 17 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 1 1 0 X X AJI TOURAY 9197478466 3030 STONY BROOK DRIVE RALEIGH NC 27604 MS KAREN FOSTER CHAIR 1.00 X X 0 0 0 MRS STEFANIE KAHN VICE CHAIR 1.00 X X 0 0 0 MRS JANE SMALL SECRETARY 1.00 X X 0 0 0 MS MEG DEAL TREASURER 1.00 X X 0 0 0 MS ELISE HOBBS-GANNAWAY VICE-TREASURER 1.00 X X 0 0 0 DR LENORE BEHAR PHD BOARD MEMBER 2024 1.00 X 0 0 0 MR MAURICE BOSWELL BOARD MEMBER 2024 1.00 X 0 0 0 DR ANNA GOODMON MD BOARD MEMBER 2024 1.00 X 0 0 0 MRS JUDY ZELNAK BOARD MEMBER 2024 1.00 X 0 0 0 DR ROB SCHANTZ BOARD MEMBER 2025 1.00 X 0 0 0 DR JOSEPH BUMGARNER BOARD MEMBER 2025 1.00 X 0 0 0 MS SUSAN BRIGHAM BOARD MEMBER 2026 1.00 X 0 0 0 CHARLES SILVER BOARD MEMBER 2026 1.00 X 0 0 0 MR KATHERINE WHITE BOARD MEMBER 2026 1.00 X 0 0 0 MS LESLEY WILSON BOARD MEMBER 2026 1.00 X 0 0 0 MR BRANDON STATEN BOARD MEMBER 2026 1.00 X 0 0 0 ZALMAN GRINBERG CEO 60.00 X 128889 0 5256 ANNE DARTER DIRECTOR OF FINANCE 60.00 X 104218 0 438 233107 0 5694 2 0 0 0 JCI BUILDER'S INC 3715 NEIL ST RALEIGH NC 27607 MAINTENANCE 865764 1 333000 4767655 147936 5100655 TICKET SALES 711120 2769866 2769866 SUMMER PROGRAM INCOME 711120 882024 882024 EDUCATION INCOME 711120 228657 228657 3880547 39011 39011 147225 147936 -711 -711 -711 166550 116377 50173 50173 MISC. INCOME 711120 543165 543165 EDUCATION ENGAGEMENTS 711120 30340 30340 BOUTIQUE 711120 8382 8382 581887 9651562 3880547 0 670360 200959 155573 41896 3490 2128086 1680907 412796 34383 362084 285507 70688 5889 440857 347621 86067 7169 13279 11725 890 664 50750 44812 3400 2538 65000 65000 634155 634155 446648 401990 23078 21580 93132 93132 645809 642674 1795 1340 343914 303676 23042 17196 119791 112666 7125 78060 68927 5230 3903 DANCERS AND CHOREOGRAPH 1386052 1386052 TECHNICAL CREW 365711 365711 COSTUMES AND SHOES 346668 346668 ORCHESTRA 291379 291379 741174 657506 10396 73272 8753508 7830681 686403 236424 3033023 1441656 166630 102307 59418 537528 250939 388695 4754770 2899731 477247 1855039 0 443840 3987257 4769065 78192 112089 956664 965955 44683 61201 618870 7115 450033 1705524 1589278 X 1981895 2951497 299838 228290 2281733 3179787 3987257 4769065 898054 0 X 0 1 X 1 0 X 2141374 2421511 2536809 4158755 5100655 16359104 3130638 2561574 751188 2089346 3880547 12413293 5272012 4983085 3287997 6248101 8981202 28772397 564800 537586 533000 485393 350993 2471772 0 564800 537586 533000 485393 350993 2471772 26300625 1104 988 638 878 39011 42619 1104 988 638 878 39011 42619 39808 29698 16446 629230 632060 1347242 5312924 5013771 3305081 6878209 9652273 30162258 0.87200 0.87840 0.00140 0.00010 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 65000 0 0 65000 0 PART II-B, LINE 1: CAROLINA BALLET PAID JAMES HARRELL III, A LOBBYIST, FOR CONSULTING WITH NC HOUSE AND SENATE LEGISLATION IN AN EFFORT TO ADVOCATE FOR THE ORGANIZATION'S NEED FOR STATE FUNDING. 0 0 1035611 1035611 3719159 2899731 819428 1855039 ROU ASSET FINANCING 28939 ROU ASSET OPERATING 414901 443840 OPERATING LEASE LIABILITY 414901 FINANCING LEASE LIABILITY 35132 450033 X 9929348 161409 161409 9767939 -116377 -116377 9651562 9031294 161409 116377 277786 8753508 0 8753508 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS NOT CONSIDERED A PRIVATE FOUNDATION; ACCORDINGLY, THE ACCOMPANYING FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION OR LIABILITY FOR FEDERAL AND STATE INCOME TAXES. THE ORGANIZATION HAS DETERMINED THAT IT DOES NOT HAVE ANY MATERIAL UNRECOGNIZED TAX BENEFITS OR OBLIGATIONS AS OF JUNE 30, 2023 AND 2022. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES GALA 18750 18750 15771 25TH ANNIVERSARY PARTY 147800 147800 100606 166550 166550 116377 116377 50173 X X X 0 0 0 0 0 0 0 0 0 PART I, LINE 3 COMPENSATION FOR THE EXECUTIVE DIRECTOR IS REVIEWED AND APPROVED BY THE FINANCE AND EXECUTIVE COMMITTEE. TO DETERMINE COMPENSATION, THE ORGANIZATION GATHERS INFORMATION PERIODICALLY FROM OTHER NATIONAL AND REGIONAL BALLET COMPANIES OF SIMILAR SIZE. X 2502 147936 FMV 0 0 1 PART I, LINE 32B: CAROLINA BALLET DISCLOSES ON ITS WEBSITE THAT IT WORKS WITH A THIRD PARTY COMPANY, CHARITABLE ADULT RIDES AND SERVICES (CARS), TO PROCESS CARS DONATED TO THE ORGANIZATION. CARS SELLS THE CARS DONATED TO CAROLINA BALLET AND PAYS CAROLINA BALLET CASH FROM THE SALE PROCEEDS IN RETURN. FORM 990, PART VI, SECTION B, LINE 11B THE TREASURER, VICE-TREASURER, DIRECTOR OF ACCOUNTING AND CONTROLLER REVIEW THE FIRST DRAFT OF THE FORM 990. AFTER ANY CHANGES, IT IS SENT OT THE FINANCE AND EXECUTIVE COMMITTEE FOR THEIR REVIEW, AND THEN SENT TO THE FULL BOARD FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C TO ENSURE COMPLIANCE WITH THE CONFLICT-OF-INTEREST POLICY, THE ORGANIZATION HAS ESTABLISHED A PROCESS OF DISCUSSING THE POLICY DURING THE ANNUAL REVIEW OF EACH EMPLOYEE. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION DETERMINES THE COMPENSATION FOR THE CEO, EXECUTIVE DIRECTOR, AND OTHER KEY EMPLOYEES BY GATHERING COMPARABILITY DATA PERIODICALLY FROM OTHER NATIONAL AND REGIONAL BALLET COMPANIES OF SIMILAR SIZE, DANCE USA, DANCE DATA PROJECT, LOCAL AND REGIONAL PERFORMING ARTS ORGANIZATIONS, AND THE NC CENTER FOR NONPROFITS REPORT. THE FINANCE & EXECUTIVE COMMITTEE REVIEWS AND APPROVES THE COMPENSATION FOR THE CEO, EXECUTIVE DIRECTOR, AND OTHER KEY EMPLOYEES AS NEEDED. FORM 990, PART VI, SECTION C, LINE 18 COPIES OF THE FORM 990 ARE PROVIDED UPON REQUEST AND ARE AVAILABLE ON GUIDESTAR AFTER FILING. FORM 990, PART VI, SECTION C, LINE 19 COPIES ARE PROVIDED UPON REQUEST.