2024-11-08T11:06:34-06:00 2023-12-31 510232475 COVER & ROSSITER PA 2711 CENTERVILLE ROAD SUITE 100 WILMINGTON DE 19808 990 2023-01-01 510394850 FIRST STATE BALLET THEATRE INC FIRS 3026525503 818 N MARKET STREET WILMINGTON DE 19801 PETER ZOLTOWSKI TREASURER 3026525503 2024-11-08 1 1 PETER S KENNEDY CPA P00571422 3026566632 2024-11-08 2023 2024-10-15 13:58:12Z PETER ZOLTOWSKI 818 N MARKET STREET WILMINGTON DE 19801 1151129 0 X WWW.FIRSTSTATEBALLET.ORG X 2000 DE TO PRESENT BALLET BOLDLY TO DELAWARE, TO ENRICH OUR COMMUNITY WITH LIVE PROFESSIONAL PERFORMANCES, TO INSPIRE AND EDUCATE DANCERS AND AUDIENCES OF THE FUTURE, AND TO CONNECT LOCAL YOUTH WITH A CREATIVE, INCLUSIVE MOVEMENT EXPERIENCE. 13 11 35 52 7000 0 263488 680034 278558 405572 187 5669 27215 56241 569448 1147516 17685 21825 0 0 489276 507945 0 0 33454 254711 283061 761672 812831 -192224 334685 686022 1020708 0 0 686022 1020708 TO BRING THE BEAUTY AND EXCITEMENT OF PROFESSIONAL BALLET PERFORMANCES TO AUDIENCES THROUGHOUT DELAWARE, TO PROVIDE SUPERB BALLET TRAINING AND PERFORMANCE OPPORTUNITIES TO ASPIRING DELAWARE DANCERS AND TO EDUCATE THE DELAWARE DANCE AUDIENCE OF THE FUTURE. 0 0 455174 174163 PERFORMANCES:NOW IN ITS 24TH SEASON, FIRST STATE BALLET THEATRE IS DELAWARE'S ONLY PROFESSIONAL BALLET COMPANY AND SERVES THOUSANDS OF DELAWAREANS EACH YEAR THROUGH OUR PERFORMANCES, OUR SCHOOL, AND OUR OUTREACH PROGRAMS. FSBT'S PERFORMING ARTISTS COME FROM AROUND THE WORLD TO DANCE IN OUR MAINSTAGE SEASON AT THE GRAND OPERA HOUSE AND OTHER PERFORMANCES STATEWIDE. 262460 21825 273533 EDUCATION, TRAINING AND OUTREACH:THE SCHOOL OF FSBT IS DELAWARE'S LEADER IN CLASSICAL BALLET TRAINING AND BRINGS INTERNATIONALLY-RECOGNIZED ARTISTS TO DELAWARE TO TEACH EACH YEAR AT OUR SUMMER PROGRAMS. IN 2019, FSBT CREATED THE NATIONAL BALLET COMPETITION, WHICH AWARDS THOUSANDS OF DOLLARS IN SCHOLARSHIPS FOR ASPIRING DANCERS TO PRESTIGIOUS SUMMER PROGRAMS AROUND THE COUNTRY. FSBT'S OUTREACH PROGRAMS SERVE THOUSANDS OF DELAWAREANS WITH LOW-COST OR FREE DANCE INSTRUCTION AND LECTURE-DEMOS IN SCHOOLS AND COMMUNITY CENTERS STATEWIDE. 717634 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 23 0 1 35 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 13 11 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X X KRISTINA KAMBALOV EXECUTIVE DIRECTOR 3026525503 818 N MARKET STREET WILMINGTON DE 19801 KRISTINA KAMBALOV EXECUTIVE DIRECTOR, EX OFF 40.00 X X 56960 0 9752 PASHA KAMBALOV ARTISTIC DIRECTOR, EX OFFI 40.00 X X 54300 0 11647 FRANK O'BARA PRESIDENT 5.00 X X 0 0 0 MICHELE HUNTER VICE PRESIDENT 3.00 X X 0 0 0 KARYN LAMB SECRETARY 1.00 X X 0 0 0 PETER ZOLTOWSKI TREASURER 1.00 X X 0 0 0 BRANDON BRICE DIRECTOR (SINCE 5/2023) 1.00 X 0 0 0 PETER CAMPBELL DIRECTOR 1.00 X 0 0 0 MARISA FACCIOLO DIRECTOR (SINCE 2/2023) 1.00 X 0 0 0 LEANN MYERS DIRECTOR (SINCE 5/2023) 1.00 X 0 0 0 LT COLONEL JEROME ROGERS DIRECTOR (SINCE 5/2023) 1.00 X 0 0 0 STEPHANIE SMITH-CHRISTIANO DIRECTOR 1.00 X 0 0 0 JOE P YEAGER ESQ DIRECTOR 1.00 X 0 0 0 111260 0 21399 0 0 0 0 0 247347 432687 680034 DANCE SCHOOL 711120 224729 224729 PERFORMANCES 711120 180843 173843 7000 405572 5669 5669 10730 3613 7117 7117 MISCELLANEOUS INCOME 711120 49124 49124 49124 1147516 447696 7000 12786 21825 21825 132660 115457 10812 6391 337098 297708 24222 15168 3332 2677 439 216 34855 28011 4588 2256 14725 14725 5800 5800 13917 13917 26525 23969 1426 1130 19950 18150 1800 17898 17479 308 111 4264 4264 11754 10416 1338 PERFORMANCE FEES 151496 151496 BUSINESS EXPENSES 7666 5376 2085 205 COSTUMES AND BOUTIQUE E 7290 1089 6201 MISCELLANEOUS EXPENSES 1776 1776 812831 717634 61743 33454 676987 963068 265458 207818 9035 57640 686022 1020708 0 0 X 626785 709208 59237 311500 686022 1020708 686022 1020708 334685 0 X X 0 1 X 1 0 X 208882 280285 633227 263488 680034 2065916 208882 280285 633227 263488 680034 2065916 273683 1792233 31 31 103 187 5669 6021 2071937 1650353 0.86500 0.97670 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 36144 36144 0 58338 6791 51547 170976 164883 6093 57640 1129304 3613 3613 1125691 21825 21825 1147516 794618 3613 3613 791005 21825 21825 812830 PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 3,613. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 21,825. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 3,613. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 21,825. 0 SCHOLARSHIPS 20 21825 FMV PART I, LINE 2: SCHOLARSHIPS ARE BASED ON NEED AND MERIT AND ARE EVALUATED BY THE ARTISTIC STAFF. FORM 990, PART VI, SECTION A, LINE 2 PASHA KAMBALOV AND KRISTINA KAMBALOV ARE HUSBAND AND WIFE. FORM 990, PART VI, SECTION B, LINE 11B MEMBERS OF THE BOARD OF DIRECTORS RECEIVE COPIES OF FORM 990 PRIOR TO ITS SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C MANAGEMENT IMPLEMENTED THE POLICIES IN 2016 AND THEY ARE RENEWED ANNUALLY FOR ALL BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 15A TO APPROVE THE COMPENSATION FOR THE EXECUTIVE DIRECTOR (AND OTHER HIGHLY COMPENSATED EMPLOYEES AND CONSULTANTS) A MAJORITY OF THE DIRECTORS PRESENT AT A MEETING AT WHICH A QUORUM IS PRESENT MUST VOTE IN FAVOR OF THE COMPENSATION CHANGE AND DOCUMENT HOW THE BOARD REACHED ITS DECISIONS, INCLUDING THE DATA ON WHICH IT RELIED, IN MINUTES OF THE MEETING DURING WHICH THE COMPENSATION WAS APPROVED. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON RECEIPT OF A WRITTEN REQUEST. FORM 990, PART XII, LINE 2C: THE BOARD ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS AND THE SELECTION OF THE INDEPENDENT AUDITOR.