2024-05-15T15:57:57-05:00 2023-06-30 561434747 GREERWALKER LLP 227 WEST TRADE ST SUITE 1100 CHARLOTTE NC 28202 990 2022-07-01 581314711 CHARLOTTE BALLET CHAR 7043720101 701 N TRYON STREET CHARLOTTE NC 28202 DOUG SINGLETON EXECUTIVE DIRECTOR 7043720101 2024-05-15 1 DOUG SINGLETON XXX-XX-XXXX 0 PAULA P TILLEY P00051456 7043770239 2024-05-15 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DOUG SINGLETON 701 N TRYON STREET CHARLOTTE NC 28202 12390142 0 X WWW.CHARLOTTEBALLET.ORG X 1977 NC CHARLOTTE BALLET'S MISSION: THROUGH DANCE, WE CREATE AUTHENTIC CONNECTIONS, ENGAGING AND INCLUSIVE EDUCATIONAL OPPORTUNITIES, AND TRANSFORMATIVE EXPERIENCES. CHARLOTTE BALLET'S VISION: WE INSPIRE INDIVIDUALS AND COMMUNITIES TO EXPLORE THE BOUNDLESS POTENTIAL OF THE IMAGINATION. 36 36 122 75 0 0 5167688 7288594 3580025 4163177 221887 224767 -115920 -42358 8853680 11634180 141565 200564 0 0 4050249 4179007 0 0 4264960 3788082 7540067 7979896 11919638 873784 -285458 19775000 23590028 947865 4849537 18827135 18740491 X CHARLOTTE BALLET'S MISSION: THROUGH DANCE, WE CREATE AUTHENTIC CONNECTIONS, ENGAGING AND INCLUSIVE EDUCATIONAL OPPORTUNITIES, AND TRANSFORMATIVE EXPERIENCES. CHARLOTTE BALLET'S VISION: WE INSPIRE INDIVIDUALS AND COMMUNITIES TO EXPLORE THE BOUNDLESS POTENTIAL OF THE IMAGINATION. 0 0 4672801 2464598 ARTISTIC PROGRAMMING: CHARLOTTE BALLET PRESENTS 5-6 PERFORMANCE SERIESOF CLASSICAL AND CONTEMPORARY BALLET IN CHARLOTTE ANNUALLY, IN ADDITIONTO PERFORMING ON TOUR LOCALLY, REGIONALLY, NATIONALLY AND INTERNATIONALLY. THE ORGANIZATION EMPLOYS AN AVERAGE OF 28 DANCERS (20 FIRST COMPANY; 8 SECOND COMPANY) EACH SEASON. THE NATION'S TOP DANCERS ARE ATTRACTED TO CHARLOTTE BALLET'S RENOWNED ARTISTIC LEADERSHIP; THE DIVERSITY OF ITS CHOREOGRAPHERS AND CHALLENGING REPERTOIRE (BOTH CLASSICAL AND CONTEMPORARY); AND A COMPETITIVE CONTRACT THAT INCLUDES A MINIMUM OF 36 WEEKS OF WORK/YEAR IN PROGRAMMING, EDUCATION AND COMMUNITY ENGAGEMENT, AND DANCE TRAINING AND DIVERSE REPERTOIRE RANGING FROM FULL-LENGTH CLASSICAL BALLETS TO INNOVATIVE CONTEMPORARY WORKS. CHARLOTTE BALLET'S COLLECTIVE TALENTS PROVIDE THE OPPORTUNITY TO CHALLENGE, STIMULATE, EDUCATE, ENTERTAIN AND ENRICH AUDIENCES.ALEJANDRO CERRUDO WAS HIRED IN MAY 2022 AS JUST THE FIFTH ARTISTIC DIRECTOR IN CHARLOTTE BALLET'S 50+ YEAR HISTORY. UNDER HIS ARTISTIC LEADERSHIP, CHARLOTTE BALLET WILL CONTINUE TO PUSH THE BOUNDARIES OF BALLET AND CONTEMPORARY DANCE, AS HIS ARTISTIC VISION IS TO "BUILD UPON THE COMPANY'S IDENTITY AS ONE OF QUALITY, CREATIVITY, AND RANGE, WHILE EMBRACING A PIONEERING PERSPECTIVE TO ENRICH THE ART FORM." IN THIS NEW ERA UNDER CERRUDO'S LEADERSHIP, CHARLOTTE BALLET IS POISED TO CONTINUE ITS MULTIFACETED COMMUNITY ENGAGEMENT PROGRAMMING FOR ALL AGES, HIGH-CALIBER ACADEMY AND INNOVATIVE PERFORMANCES, AND GROW INTO A CREATIVE CULTURAL LEADER THAT STANDS FOR DIVERSITY, EQUITY AND INCLUSION WITHIN ITS OWN WALLS AND BEYOND. 275833 116990 EDUCATION & COMMUNITY ENGAGEMENT PROGRAMMING: CHARLOTTE BALLET'SFLAGSHIP COMMUNITY ENGAGEMENT PROGRAM, REACH, OFFERS BALLET AND WORLDDANCE TRAINING BY PROFESSIONAL TEACHING ARTISTS AND DANCE ATTIRE FOR UPTO 120 STUDENTS ANNUALLY, ALL AT NO COST TO PARTICIPANTS' FAMILIES.CLASSES ARE CONDUCTED OVER 29 SEQUENTIAL WEEKS, IN FIVE COMMUNITYCENTERS ACROSS MECKLENBURG COUNTY. THE PROGRAM, WHICH IS A RESULT OF APARTNERSHIP BETWEEN CHARLOTTE BALLET AND THE MECKLENBURG COUNTY PARK &RECREATION DEPARTMENT, IS THE RECIPIENT OF THE NATIONAL ASSOCIATION OFCOUNTIES AWARD IN RECOGNITION OF "AN EFFECTIVE AND INNOVATIVE PROGRAMWHICH CONTRIBUTES TO AND ENHANCES COUNTY GOVERNMENT IN THE UNITEDSTATES AND THE NORTH CAROLINA RECREATION AND PARKS ASSOCIATION ARTSAND HUMANITIES NOT ONLY DOES REACH OFFER ACCESS TO HIGH-QUALITY DANCE TRAINING AT NO COST, WITH CLASSES IN DIVERSE NEIGHBORHOODS ACROSS MECKLENBURG COUNTY; IT ALSO OFFERS OPPORTUNITIES FOR PROMISING STUDENTS TO CONTINUE TO TRAIN IN DANCE THROUGH SCHOLARSHIPS TO CHARLOTTE BALLET ACADEMY, AS WELL AS MENTORSHIP OPPORTUNITIES FOR REACH GRADUATES THAT INCLUDE TEACHER ASSISTANT POSITIONS AND INTERNSHIPS. REACH SCHOLARSHIPSCOMPLEMENT NUMEROUS SCHOLARSHIPS OFFERED BY CHARLOTTE BALLET ACADEMY TOTRAIN AT VARIOUS LEVELS. CHARLOTTE BALLET IS COMMITTED TO OFFERINGTALENTED, COMMITTED DANCERS ACCESS TO HIGH-QUALITY TRAINING, REGARDLESSOF SOCIO-ECONOMIC BACKGROUND, GEOGRAPHIC OR OTHER RESOURCE LIMITATIONS.IN ADDITION TO REACH, CHARLOTTE BALLET'S ANNUAL EDUCATION AND COMMUNITYENGAGEMENT PROGRAMMING INCLUDES COMMUNITY PERFORMANCES,BEHIND-THE-SCENES TOURS, AFTER-SCHOOL DANCE PROGRAMS, SUMMER ENRICHMENTPROGRAMS, SENIOR DRESS REHEARSALS, CURRICULUM-BASED ARTS EDUCATIONTHROUGH IN-CLASSROOM PROGRAMMING, DANCE-A-STORY WORKSHOPS,LECTURE-DEMONSTRATIONS AND EDUCATIONAL THEATER PERFORMANCES - ALL INPARTNERSHIP WITH AREA SCHOOLS AND COMMUNITY ORGANIZATIONS. APARTNERSHIP WITH INREACH (A NON-PROFIT ORGANIZATION THAT SUPPORTSADULTS WITH INTELLECTUAL, DEVELOPMENTAL AND OTHER DISABILITIES) OFFERSMEMBERS AND THEIR CAREGIVERS WEEKLY DANCE CLASSES BY CHARLOTTE BALLETTEACHING ARTISTS AND A PUBLIC PERFORMANCE AT THE CENTER FOR DANCE.DURING THE MIDDLE & HIGH SCHOOL DANCE FESTIVAL, CHARLOTTE BALLET OFFERSA TWO-DAY FESTIVAL AT THE CENTER FOR DANCE, WITH MASTER CLASSES ANDAUDITIONS FOR SCHOLARSHIPS TO COLLEGE AND SUMMER DANCE PROGRAMS. A"SENSORY FRIENDLY PERFORMANCE," GIVES INDIVIDUALS AFFECTED BY AUTISMSPECTRUM DISORDERS AND OTHER SENSORY, SOCIAL, AND COGNITIVEDISABILITIES THE OPPORTUNITY TO ENJOY A CHARLOTTE BALLET PERFORMANCEWITH A MODIFIED LEVEL OF SENSORY STIMULUS IN THE THEATER. IN TOTAL,CHARLOTTE BALLET'S ANNUAL EDUCATION AND COMMUNITY ENGAGEMENTPROGRAMMING SERVES OVER 30,000 - APPROXIMATELY 85% OF WHOM ARECHILDREN/YOUTH. 1452828 200564 1567895 DANCE TRAINING: THE OLDEST DANCE SCHOOL IN NORTH CAROLINA AFFILIATED WITH A PROFESSIONAL DANCE COMPANY, CHARLOTTE BALLET ACADEMY ANNUALLY ENROLLS OVER 900 STUDENTS AGES THREE TO ADULT FROM ACROSS THE COUNTRY AND AROUND THE WORLD. ALUMNI OF THE HIGHEST LEVEL OF TRAINING, THE PRE-PROFESSIONAL DIVISION, HAVE GONE ON TO DANCE AT AMERICAN SCHOOL OF BALLET, SAN FRANCISCO BALLET AND MORE; AND THE ACADEMY'S REPERTORY ENSEMBLE, A PERFORMANCE GROUP MADE OF TOP-LEVEL STUDENTS, IS DESIGNATED AS AN HONOR COMPANY WITH THE SOUTHEASTERN REGIONAL BALLET ASSOCIATION. 6401462 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 108 0 1 122 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 36 36 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X SHANNON O'KEEFFE 7044142800 701 N TRYON STREET CHARLOTTE NC 28202 ALFRED KENDRICK BOARD MEMBER 1.00 X 0 0 0 NINA AUSTIN BOARD MEMBER - PLANNING & MISSION IMPACT CHAIR 5.00 X X 0 0 0 CHRIS ULLRICH BOARD MEMBER - INSTITUTIONAL ADVANCEMENT CHAIR 5.00 X X 0 0 0 CHRISTINE CHANNELS BOARD MEMBER 1.00 X 0 0 0 JENNIFER GEORGE BOARD MEMBER - AUDIT COMMITTEE CHAIR 5.00 X X 0 0 0 WATTS HAMRICK BOARD MEMBER - CAMPAIGN ADVISORY CHAIR 5.00 X X 0 0 0 ROLFE ELDRIDGE HUGHES IV BOARD MEMBER 1.00 X 0 0 0 TADD MORGANTI BOARD TREASURER - FINANCE CHAIR 5.00 X X 0 0 0 MEGHAN CLITHERO BOARD CHAIR ELECT 5.00 X X 0 0 0 CLAIRE RAUSCHER BOARD CHAIR 5.00 X X 0 0 0 TOM JOSEPH BOARD DEVELOPMENT CHAIR 5.00 X X 0 0 0 ALEXANDRA NARANJO-MYRICK BOARD MEMBER 1.00 X 0 0 0 ANNA COON BOARD MEMBER 1.00 X 0 0 0 ASHLEY LARKIN BOARD MEMBER 1.00 X 0 0 0 BROOK MULLER BOARD MEMBER 1.00 X 0 0 0 CARL SHOWALTER BOARD MEMBER 1.00 X 0 0 0 DAVID SECREST BOARD MEMBER 1.00 X 0 0 0 GIA WRIGHT BOARD MEMBER 1.00 X 0 0 0 JASON CAGLE BOARD MEMBER 1.00 X 0 0 0 JOHN FITZHUGH BOARD MEMBER 1.00 X 0 0 0 KAREN BREACH-WASHINGTON BOARD MEMBER 1.00 X 0 0 0 KATHY GIANNUZZI BOARD MEMBER 1.00 X 0 0 0 KATIE MORGAN BOARD MEMBER - CAMPUS ADVISORY CHAIR 5.00 X X 0 0 0 KEITH OBERKFELL BOARD MEMBER 1.00 X 0 0 0 KELLY SHERMAN BOARD MEMBER 1.00 X 0 0 0 KOBI BRINSON BOARD MEMBER 1.00 X 0 0 0 KRISTA WILSON BOARD MEMBER 1.00 X 0 0 0 LARA SIMMONS NICHOLS BOARD MEMBER 1.00 X 0 0 0 LAUREN BENSON SECRETARY - COMPENSATION & GOVERNANCE CHAIR 5.00 X X 0 0 0 LUCRECIA MOORE BOARD MEMBER 1.00 X 0 0 0 MARISSA MICHAELS BOARD MEMBER 1.00 X 0 0 0 RICHARD CUEBAS BOARD MEMBER 1.00 X 0 0 0 RUSSELL RAATH BOARD MEMBER 1.00 X 0 0 0 RYAN SIMMONS BOARD MEMBER 1.00 X 0 0 0 TRACEY WOPPERER BOARD MEMBER 1.00 X 0 0 0 TRACY STOUSE BOARD MEMBER 1.00 X 0 0 0 DOUG SINGLETON EXECUTIVE DIRECTOR 40.00 X 218962 0 19879 CHRISTOPHER STUART INTERIM ARTISTIC DIRECTOR 40.00 X 104687 0 5479 ALEJANDRO CERRUDO ARTISTIC DIRECTOR 40.00 X 148034 0 5599 SHANNON O'KEEFFE DIRECTOR OF FINANCE & HR 40.00 X 101523 0 6974 MEG PUTNAM DIRECTOR OF PHILANTHROPY & EXTERNAL RELATIONS 40.00 X 103395 0 1817 676601 0 39748 5 0 1 0 0 50250 850890 102200 6285254 3700000 7288594 TICKET SALES 711110 2474858 2474858 ACADEMY INCOME 711110 1557635 1557635 EDUCATION INCOME 711110 103433 103433 TOURING INCOME 711110 13694 13694 COMMUNITY ENGAGEMENT INCOME 711110 13557 13557 4163177 224767 224767 50709 0 50709 50709 50709 596723 850890 755962 -159239 -159239 OTHER MISC INCOME 711110 66172 66172 66172 11634180 4280058 0 65528 200564 200564 799636 339353 353613 106670 2708048 2335427 165030 207591 15697 10317 3278 2102 285992 222961 36157 26874 369634 293579 42573 33482 179065 15311 162859 895 40932 3500 37227 205 230950 196914 29465 4571 750644 672480 1588 76576 206504 183679 10168 12657 97315 72165 15090 10060 28170 28170 492011 474385 13187 4439 76610 72270 4073 267 20689 2388 17441 860 417910 162970 254940 DONATION EXPENSE FROM L 3700000 0 0 3700000 PRODUCTION COSTS 355915 355400 0 515 MUSIC 243627 243592 35 0 SUMMER INTENSIVE PROGRA 94661 94661 0 0 605064 421376 106492 77196 11919638 6401462 1253216 4264960 1220538 1797765 610660 476508 930811 545942 107277 106422 19739601 5900966 10558927 13838635 6085685 6742153 261102 82603 19775000 23590028 280346 268790 667519 841372 0 3739375 947865 4849537 X 12578739 7506871 6248396 11233620 18827135 18740491 19775000 23590028 -285458 198814 0 X X 0 1 X 1 0 X 3054310 3800526 3645378 5167688 7314175 22982077 3054310 3800526 3645378 5167688 7314175 22982077 3548364 19433713 286833 289864 248486 244127 275476 1344786 -8659 -8659 673587 608065 52949 612721 662893 2610215 26928419 15692544 0.72170 0.77320 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6085685 500000 440747 267115 17167 6742150 6971949 -662997 223267 6085685 5670206 17196 1510435 225888 6971949 5848078 92843 270715 5670206 5913351 18750 185249 269272 5848078 0.00000 0.69420 0.30580 1 0 8101597 8101597 7952437 3444206 4508231 1039948 914757 125191 2645619 1542003 1103616 13838635 TRUSTS INVESTMENTS . ASC (FFC) 1258441 F TRUST INVESTMENTS . JOAN HANES 303412 F BERNSTEIN ENDOWMENT FUND 77138 F FOUNDATION FOR THE CAROLINAS 2726619 F KNIGHT FOUNDATION 1145520 F BRETSCHER FAMILY FOUNDATION 229858 F LOWRANCE SCHOLARSHIP FUND 16384 F PNFP INVESTMENTS 484616 F CSO LIVE MUSIC ENDOWMENT 500165 F 6742153 ACCRUED DONATION COMMITMENT 3700000 ST LEASE LIABILITY 39375 3739375 X 11658011 25581 198814 224395 11433616 200564 200564 11634180 11744655 25581 25581 11719074 200564 200564 11919638 PART V, LINE 4: ENDOWMENT FUNDS' SPENDABLE ALLOWANCES ARE USED FOR GENERAL OPERATING EXPENSES. PART X, LINE 2: THE BALLET IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND, THEREFORE, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE BALLET RECORDS LIABILITIES FOR INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN WHEN THOSE POSITIONS ARE DEEMED UNCERTAIN TO BE UPHELD IN AN EXAMINATION BY TAXING AUTHORITIES. NO LIABILITIES FOR UNCERTAIN INCOME TAX POSITIONS WERE RECORDED AS OF JUNE 30, 2023 AND 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: GAIN/LOSS ON SALE OF ASSETS 198,814. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 200,564. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 200,564. PART VII, LINE 3 ENDOWMENT FUNDS CONSIST OF A LARGE QUANTITY OF DIVERSIFIED SECURITIES. DETAIL REGARDING SPECIFIC SECURITIES INVESTED IN WILL BE MADE AVAILABLE UPON REQUEST. X NC DANCING WITH THE STARS OF CHARLOTTE 1447613 850890 596723 140652 64466 11975 538869 1447613 850890 596723 140652 64466 11975 538869 755962 -159239 1 SCHOLARSHIPS 93 200564 PART III SCHOLARSHIPS ARE GRANTED TO STUDENTS PARTICIPATING IN THE CHARLOTTE BALLET ACADEMY BASED ON NEED AND MERIT. 1 X X X 0 0 0 0 0 0 0 0 0 DOUG SINGLETON EXECUTIVE DIRECTOR 218962 0 0 0 0 0 0 0 19879 0 238841 0 0 0 ALEJANDRO CERRUDO ARTISTIC DIRECTOR 148034 0 0 0 0 0 0 0 5599 0 153633 0 0 0 X 6 37141 FAIR MARKET VALUE X 1 3700000 APPRAISAL 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED IN DETAIL WITH THE EXECUTIVE DIRECTOR, BOARD CHAIR, CHAIR ELECT, AUDIT COMMITTEE AND TREASURER. UPON COMPLETION OF THIS REVIEW, THE DOCUMENT IS DISTRIBUTED TO THE ENTIRE BOARD OF TRUSTEES FOR ADDITIONAL COMMENTS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION DOES HAVE A CONFLICT OF INTEREST POLICY AND REGULARLY MONITORS AND ENFORCES COMPLIANCE. EACH BOARD MEMBER IS RESPONSIBLE FOR MAINTAINING THE CONFLICT OF INTEREST POLICY. ANY CONCERNS OR ISSUES PERTAINING TO THE CONFLICT OF INTEREST POLICY ARE BROUGHT TO THE ATTENTION OF THE EXECUTIVE DIRECTOR, CHAIRPERSON, OR ANY OFFICER. THE ISSUE WILL THEN BE REVIEWED BY THE GOVERNANCE COMMITTEE AND THEY WILL DISCUSS THE NEED FOR FURTHER ACTION. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF BOTH THE EXECUTIVE DIRECTOR AND ARTISTIC DIRECTOR IS REVIEWED BY THE GOVERNANCE COMMITTEE AND APPROVED BY THE BOARD OF TRUSTEES ANNUALLY. THE EXECUTIVE DIRECTOR'S CURRENT EMPLOYMENT AGREEMENT IS EFFECTIVE FROM 7/1/22 UNTIL 6/30/26. ON 8/9/21, THE BOARD EXECUTED A CONTRACT WITH SECOND COMPANY DIRECTOR TO ACT AS THE INTERIM ARTISTIC DIRECTOR EFFECTIVE ON 12/9/21 WHEN HOPE MUIR RESIGNED. AFTER AN EXHAUSTIVE INTERNATIONAL SEARCH BY AN AD-HOC COMMITTEE COMPRISED OF BOARD MEMBERS, CHARLOTTE BALLET HIRED ALEJANDRO CERRUDO IN MAY 2022 AS ITS FIFTH ARTISTIC DIRECTOR. THE ARTISTIC DIRECTOR'S CURRENT EMPLOYMENT AGREEMENT IS EFFECTIVE FROM 5/1/22 UNTIL 6/30/27. 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 AS REQUESTED. THE 990 AND AUDIT ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE.