2024-11-14T16:41:33-06:00 2023-12-31 061253566 WALTER J MCKEEVER & COMPANY LLC PO BOX 5147 15 VALLEY DRIVE GREENWICH CT 06831 990 2023-01-01 830457933 GREENWICH BALLET ACADEMY INC GREE 9143054377 BOX 1561GREENWICH DOWNTOWNSTATION GREENWICH CT 06836 PATRICIA FRANKLIN PRESIDENT & CHAIRMAN 2032321123 2024-11-13 1 0 WALTER J MCKEEVER JR P00964495 2036228625 X 2023 2024-10-15 13:58:12Z PATRICIA FRANKLIN PO BOX 1561 GREENWICH AVENUE STATION GREENWICH CT 06830 1161589 0 X WWW.GREENWICHBALLETACADEMY.ORG X 2006 CT GREENWICH BALLET ACADEMY WAS FOUNDED IN 2006 AND IS PROUD TO BE AMONG THE MOST PRESTIGIOUS AND HIGHLY REGARDED PRE-PROFESSIONAL CLASSICAL BALLET ACADEMIES IN THE UNITED STATES. THE ACADEMY'S MISSION IS TO NURTURE TALENTED YOUNG STUDENTS TOWARD CAREERS IN PROFESSIONAL BALLET AND OPTIMIZING COLLEGE ASPIRATIONS. THE ACADEMY TAKES GREAT CARE IN DIRECTING EACH OF ITS STUDENTS ON AN INDIVIDUAL PATH TOWARD EXCELLENCE AND WITH AN EMPHASIS ON SUPERIOR TECHNIQUE, ARTISTRY AND STAGE PRESENCE. THE ACADEMY PROMOTES THIS LEARNING IN A POSITIVE ENVIRONMENT THAT DEVELOPS NOT ONLY EXCEPTIONAL DANCE SKILLS, BUT OVERALL HEALTH, FITNESS, SELF-CONFIDENCE, AND LEADERSHIP. THE GREENWICH BALLET ACADEMY IS A NOT-FOR-PROFIT 501(C)(3) ORGANIZATION. THE ACADEMY ADMITS STUDENTS OF ANY RACE, SEX, RELIGION, NATIONAL OR ETHNIC ORIGIN AND DOES NOT DISCRIMINATE ON THE BASIS OF SUCH IN ADMINISTERING ITS POLICIES AND EDUCATIONAL PROGRAMS. 5 5 12 0 0 0 61837 70188 931803 1091401 0 0 0 0 993640 1161589 0 0 0 0 344670 441731 0 0 2256 422686 452747 767356 894478 226284 267111 1028926 1321020 292668 317651 736258 1003369 X GREENWICH BALLET ACADEMY WAS FOUNDED IN 2006 AND IS PROUD TO BE AMONG THE MOST PRESTIGIOUS AND HIGHLY REGARDED PRE-PROFESSIONAL CLASSICAL BALLET ACADEMIES IN THE UNITED STATES. THE ACADEMY'S MISSION IS TO NURTURE TALENTED YOUNG STUDENTS TOWARD CAREERS IN PROFESSIONAL BALLET AND OPTIMIZING COLLEGE ASPIRATIONS. THE ACADEMY TAKES GREAT CARE IN DIRECTING EACH OF ITS STUDENTS ON AN INDIVIDUAL PATH TOWARD EXCELLENCE AND WITH AN EMPHASIS ON SUPERIOR TECHNIQUE, ARTISTRY AND STAGE PRESENCE. THE ACADEMY PROMOTES THIS LEARNING IN A POSITIVE ENVIRONMENT THAT DEVELOPS NOT ONLY EXCEPTIONAL DANCE SKILLS, BUT OVERALL HEALTH, FITNESS, SELF-CONFIDENCE, AND LEADERSHIP. THE GREENWICH BALLET ACADEMY IS A NOT-FOR-PROFIT 501(C)(3) ORGANIZATION. THE ACADEMY ADMITS STUDENTS OF ANY RACE, SEX, RELIGION, NATIONAL OR ETHNIC ORIGIN AND DOES NOT DISCRIMINATE ON THE BASIS OF SUCH IN ADMINISTERING ITS POLICIES AND EDUCATIONAL PROGRAMS. 0 0 772127 1091901 (1) PRE-PROFESSIONAL INSTRUCTION - INSTRUCTIONS IN CLASSICAL BALLET FOR CHILDREN. PREPARES STUDENTS FOR AUDITIONS IN THE PROFESSIONAL DANCE WORLD AND CAREERS AS DANCERS.(2) STAGED PERFORMANCES - THERE ARE 2 TO 3 STAGED PERFORMANCES PER YEAR THAT GIVE STUDENTS THE NECESSARY TRAINING AND EXPERIENCE ON STAGE WHICH IS CRITICAL TO THEIR FUTURE SUCCESS AS PROFESSIONAL DANCERS.(3) SUMMER INTENSIVE PROGRAMS IN CLASSICAL BALLET - SUMMER PROGRAMS OFFER INTENSIVE TRAINING USEFUL TO THE STUDENT ASPIRING TO BECOME A PROFESSIONAL DANCER OR JUST REQUIRING MAINTENANCE OF ABILITY BETWEEN ACADEMIC YEAR PROGRAMS. 772127 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 19 0 12 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 1 1 0 CT X PATRICIA FRANKLIN 9143054377 PO BOX 1561 GREENWICH AVENUE GREENWICH CT 06830 PATRICIA FRANKLIN CHAIRMAN & EXECUTIVE DIRECTOR 40.00 X X 88231 0 0 NERLYN PIERSON SECRETARY 6.00 X X 0 0 0 ANGELA HO BOARD MEMBER 1.00 X 0 0 0 MOTOKO GUELER BOARD MEMBER 1.00 X 0 0 0 BOB ZAPATA TREASURER 2.00 X X 0 0 0 88231 0 0 0 0 0 0 0 70188 70188 TUITION 611610 838571 838571 PERFORMANCES 611610 186000 186000 66830 66830 1091401 1161589 1091401 0 0 88231 79408 8823 321994 289795 32199 31506 28355 3151 39130 9782 29348 12205 9764 1831 610 6286 5029 943 314 11057 8846 1659 552 181292 154098 27194 9325 8393 932 30197 25667 4530 10348 8278 1552 518 PERFORMANCE EXPENSE 98292 98292 CLEANING 20678 17576 3102 BANK SERVICE CHARGES 13913 11826 2087 REPAIRS & MAINTENANCE 13051 11093 1958 6973 5925 786 262 894478 772127 120095 2256 761780 1078577 5685 3256 6991 13614 384970 183537 231630 201433 22840 24140 1028926 1321020 80285 95740 212383 221911 292668 317651 X 736258 1003369 736258 1003369 1028926 1321020 267111 0 X 0 1 X 1 0 X 61421 33589 70102 61837 70188 297137 61421 33589 70102 61837 70188 297137 297137 297137 3871019 1.00000 1.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 383556 182123 201433 1414 1414 0 201433 X 1161589 0 1161589 0 1161589 894478 0 894478 0 894478 PART X, LINE 2: GREENWICH BALLET ACADEMY, INC. IS A NOT-FOR-PROFIT ORGANIZATION AS DESCRIBED IN SECTION 509(A)(2) AND 170(B)(1)(A) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ACADEMY ACCOUNTS FOR UNCERTAINTY IN INCOME TAX POSITIONS IN THE FINANCIAL STATEMENTS BY APPLYING A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2022, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE ACADEMY IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. FEDERAL INFORMATION RETURNS ARE SUBJECT TO EXAMINATION FOR A PERIOD OF THREE YEARS FROM THE FILING DATE OF THE RETURN; FISCAL YEARS ENDING DECEMBER 31, 2019 - DECEMBER 31, 2021 REMAIN OPEN. 0 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 GREENWICH BALLET HAS HANDBOOKS THAT ARE GIVEN TO ANYONE AS WELL AS ANY FLIERS STATED ITS NONDISCRIMINATORY POLICY. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE COMMITTEES THAT HAVE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS MADE AVAILABLE TO BOARD MEMBERS FOR COMMENT PRIOR TO ITS FILING. FORM 990, PART VI, SECTION B, LINE 12C IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE GOVERNING BOARD OR COMMITTEE MEETING, BUT AFTER THE PRESENTATION, HE/SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. THE CHAIRPERSON OF THE GOVERNING BOARD OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER EXERCISING DUE DILIGENCE, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE CORPORATION CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE CORPORATION'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. IN CONFORMITY WITH THE ABOVE DETERMINATION, IT SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. IF THE GOVERNING BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM THE MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORD THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE MEMBER'S RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, THE GOVERNING BOARD OR COMMITTEE DETERMINES THE MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. FORM 990, PART VI, SECTION B, LINE 15 A VOTING MEMBER OF THE GOVERNING BOARD WHO RECEIVES COMPENSATION, DIRECTLY OR INDIRECTLY, FROM THE CORPORATION FOR SERVICES IS PRECLUDED FROM VOTING ON MATTERS PERTAINING TO THAT MEMBER'S COMPENSATION. A VOTING MEMBER OF ANY COMMITTEE WHOSE JURISDICTION INCLUDES COMPENSATION MATTERS AND WHO RECEIVES COMPENSATION, DIRECTLY OR INDIRECTLY, FROM THE CORPORATION FOR SERVICES IS PRECLUDED FROM VOTING ON MATTERS PERTAINING TO THAT MEMBER'S COMPENSATION. NO VOTING MEMBER OF THE GOVERNING BOARD OR ANY COMMITTEE WHOSE JURISDICTION INCLUDES COMPENSATION MATTERS AND WHO RECEIVES COMPENSATION, DIRECTLY OR INDIRECTLY, FROM THE CORPORATION, EITHER INDIVIDUALLY OR COLLECTIVELY, IS PROHIBITED FROM PROVIDING INFORMATION TO ANY COMMITTEE REGARDING COMPENSATION. WHEN APPROVING COMPENSATION FOR DIRECTORS, OFFICERS AND EMPLOYEES, CONTRACTORS, AND ANY OTHER COMPENSATION CONTRACT OR ARRANGEMENT, IN ADDITION TO COMPLYING WITH THE CONFLICT OF INTEREST REQUIREMENTS AND POLICIES CONTAINED IN THE PRECEDING AND FOLLOWING SECTIONS OF THIS ARTICLE AS WELL AS THE PRECEDING PARAGRAPHS OF THIS SECTION OF THIS ARTICLE, THE BOARD OR A DULY CONSTITUTED COMPENSATION COMMITTEE OF THE BOARD SHALL ALSO COMPLY WITH THE FOLLOWING ADDITIONAL REQUIREMENTS AND PROCEDURES: A) THE TERMS OF COMPENSATION SHALL BE APPROVED BY THE BOARD OR COMPENSATION COMMITTEE PRIOR TO THE FIRST PAYMENT OF COMPENSATION. B) ALL MEMBERS OF THE BOARD OR COMPENSATION COMMITTEE WHO APPROVE COMPENSATION ARRANGEMENTS MUST NOT HAVE A CONFLICT OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT AS SPECIFIED IN IRS REGULATION SECTION 53.4958-6(C)(III), WHICH GENERALLY REQUIRES THAT EACH BOARD MEMBER OR COMMITTEE MEMBER APPROVING A COMPENSATION ARRANGEMENT BETWEEN THIS ORGANIZATION AND A "DISQUALIFIED PERSON". C) THE BOARD OR COMPENSATION COMMITTEE SHALL OBTAIN AND RELY UPON APPROPRIATE DATA AS TO COMPARABILITY PRIOR TO APPROVING THE TERMS OF COMPENSATION. APPROPRIATE DATA MAY INCLUDE THE FOLLOWING: 1) COMPENSATION LEVELS PAID BY SIMILARLY SITUATED ORGANIZATION, BOTH TAXABLE AND TAX-EXEMPT, FOR FUNCTIONALLY COMPARABLE POSITIONS. "SIMILARLY SITUATED ORGANIZATIONS ARE THOSE OF A SIMILAR SIZE, PURPOSE, AND WITH SIMILAR RESOURCES. 2) THE AVAILABILITY OF SIMILAR SERVICES IN THE GEOGRAPHIC AREA OF THIS ORGANIZATION. 3) CURRENT COMPENSATION SURVEYS COMPILED BY INDEPENDENT FIRMS. 4) ACTUAL WRITTEN OFFERS FROM SIMILAR INSTITUTIONS COMPETING FOR THE SERVICES OF THE PERSON WHO IS THE SUBJECT OF THE COMPENSATION ARRANGEMENT. AS ALLOWED BY THE IRS REGULATION 4958-6, IF THIS ORGANIZATION HAS AVERAGE ANNUAL GROSS RECEIPTS (INCLUDING CONTRIBUTIONS) FOR ITS THREE PRIOR TAX YEARS OF LESS THAN $1 MILLION, THE BOARD OR COMPENSATION COMMITTEE WILL HAVE OBTAINED AND RELIED UPON APPROPRIATE DATA AS TO COMPARABILITY IF IT OBTAINS AND RELIES UPON DATA ON COMPENSATION PAID BY THREE COMPARABLE ORGANIZATIONS IN THE SAME OR SIMILAR COMMUNITIES FOR SIMILAR SERVICES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.