Nonprofit · EIN 62-1018942
BALLET MEMPHIS CORPORATION
Tax-exempt · MEMPHIS, TN 38104
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $3,042,475 | $4,648,956 | -$1,606,481 | $33,419,157 | $589,336 | $32,829,821 |
| June 30, 2024 | 990 | $2,864,022 | $4,446,380 | -$1,582,358 | $33,818,476 | $506,421 | $33,312,055 |
| June 30, 2023 | 990 | $2,662,090 | $4,436,052 | -$1,773,962 | $34,027,733 | $569,846 | $33,457,887 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,071,377
- of which government grants
- $120,000
- Program service revenue
- $1,326,462
- Investment income
- $586,261
- Net rental income
- $20,384
- Net gain from sales of assets
- $241,032
- Net income from fundraising events
- $14,840
- Other revenue
- $58,375
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $338,431
- Other salaries and wages
- $1,636,875
- Salaries, compensation and benefits (total)
- $2,234,658
- Professional fundraising fees
- $0
- Occupancy
- $666,125
- Travel
- $25,875
- Depreciation
- $642,863
- Program services (functional)
- $3,476,108
- Management and general (functional)
- $1,047,258
- Fundraising (functional)
- $125,590
Balance sheet and other
- Total assets, start of year
- $33,818,476
- Total assets, end of year
- $33,419,157
- Total liabilities, end of year
- $589,336
- Net assets, end of year
- $32,829,821
- Land, buildings and equipment
- $17,229,340
- Net assets without donor restrictions
- $18,578,461
- Net assets with donor restrictions
- $14,251,360
- Gross receipts
- $3,067,245
- Employees
- 52
- Volunteers
- 50
- Year formed
- 1979
- State of legal domicile
- TN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| GRETCHEN WOLLERT MCLENNON | PRESIDENT & CEO Officer | 40 | $202,308 | $104 |
| CAROL G MIRAGLIA | CHIEF ADMINISTRATIVE OFFIC Officer | 40 | $135,914 | $104 |
| SHELLEY SHANAMAN | CHAIR Trustee or director, Officer | 0 | $0 | $0 |
| DR NEHALI PATEL | SECRETARY Trustee or director, Officer | 0 | $0 | $0 |
| MAGGIE LOVELL | TREASURER Trustee or director, Officer | 0 | $0 | $0 |
| ANDREA BIENSTOCK | BOARD MEMBER Trustee or director | 0 | $0 | $0 |
| JOAN SCHADT BIDDLE | BOARD MEMBER Trustee or director | 0 | $0 | $0 |
| LEEANNE COX | BOARD MEMBER Trustee or director | 0 | $0 | $0 |
| NEIL GIBSON | BOARD MEMBER Trustee or director | 0 | $0 | $0 |
| HON RUTHIE HAGAN | BOARD MEMBER Trustee or director | 0 | $0 | $0 |
| MONICA C JONES | BOARD MEMBER Trustee or director | 0 | $0 | $0 |
| RON LAZAROV | BOARD MEMBER Trustee or director | 0 | $0 | $0 |
| SUE LAYMAN LIGHTMAN | BOARD MEMBER Trustee or director | 0 | $0 | $0 |
| ERIC MATHEWS | BOARD MEMBER Trustee or director | 0 | $0 | $0 |
| JESSICA WEBB | BOARD MEMBER Trustee or director | 0 | $0 | $0 |
990 for the year ended June 30, 2024: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| GRETCHEN WOLLERT MCLENNON | PRESIDENT & CEO Officer | 40 | $200,000 | $96 |
| CAROL G MIRAGLIA | CHIEF ADMINISTRATIVE OFFIC Officer | 40 | $135,914 | $96 |
| SHELLEY SHANAMAN | CHAIR Trustee or director, Officer | 0 | $0 | $0 |
| DR NEHALI PATEL | SECRETARY Trustee or director, Officer | 0 | $0 | $0 |
| MAGGIE LOVELL | TREASURER Trustee or director, Officer | 0 | $0 | $0 |
| ANDREA BIENSTOCK | BOARD MEMBER Trustee or director | 0 | $0 | $0 |
| JOAN SCHADT BIDDLE | BOARD MEMBER Trustee or director | 0 | $0 | $0 |
| ERIC CLAUSON | BOARD MEMBER Trustee or director | 0 | $0 | $0 |
| LEEANNE COX | BOARD MEMBER Trustee or director | 0 | $0 | $0 |
| NEIL GIBSON | BOARD MEMBER Trustee or director | 0 | $0 | $0 |
| BRETT GRINDER | BOARD MEMBER Trustee or director | 0 | $0 | $0 |
| HON RUTHIE HAGAN | BOARD MEMBER Trustee or director | 0 | $0 | $0 |
| MONICA C JONES | BOARD MEMBER Trustee or director | 0 | $0 | $0 |
| FAITH KAYE | BOARD MEMBER Trustee or director | 0 | $0 | $0 |
| SUE LAYMAN LIGHTMAN | BOARD MEMBER Trustee or director | 0 | $0 | $0 |
| ERIC MATHEWS | BOARD MEMBER Trustee or director | 0 | $0 | $0 |
| JESSICA WEBB | BOARD MEMBER Trustee or director | 0 | $0 | $0 |
990 for the year ended June 30, 2023: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| GRETCHEN WOLLERT MCLENNON | PRESIDENT & CEO Officer | 40 | $200,000 | $96 |
| CAROL G MIRAGLIA | CHIEF ADMINISTRATIVE OFFIC Officer | 40 | $134,492 | $96 |
| SHELLEY SHANAMAN | CHAIR Trustee or director, Officer | 0 | $0 | $0 |
| DR NEHALI PATEL | SECRETARY Trustee or director, Officer | 0 | $0 | $0 |
| MAGGIE LOVELL | TREASURER Trustee or director, Officer | 0 | $0 | $0 |
| ANDREA BIENSTOCK | BOARD MEMBER Trustee or director | 0 | $0 | $0 |
| JOAN SCHADT BIDDLE | BOARD MEMBER Trustee or director | 0 | $0 | $0 |
| ERIC CLAUSON | BOARD MEMBER Trustee or director | 0 | $0 | $0 |
| LEEANNE COX | BOARD MEMBER Trustee or director | 0 | $0 | $0 |
| NEIL GIBSON | BOARD MEMBER Trustee or director | 0 | $0 | $0 |
| BRETT GRINDER | BOARD MEMBER Trustee or director | 0 | $0 | $0 |
| HON RUTHIE HAGAN | BOARD MEMBER Trustee or director | 0 | $0 | $0 |
| MONICA C JONES | BOARD MEMBER Trustee or director | 0 | $0 | $0 |
| FAITH KAYE | BOARD MEMBER Trustee or director | 0 | $0 | $0 |
| SUE LAYMAN LIGHTMAN | BOARD MEMBER Trustee or director | 0 | $0 | $0 |
| ERIC MATHEWS | BOARD MEMBER Trustee or director | 0 | $0 | $0 |
| JESSICA WEBB | BOARD MEMBER Trustee or director | 0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2144 MADISON AVE, MEMPHIS, TN 38104-6523
- Principal officer (990 for 2024)
- RAVYN PATTON, 2144 MADISON AVENUE, MEMPHIS, TN 38104
- Signed the 990
- RAVYN PATTON, DIRECTOR OF FINANCE/ADMINISTRATION
- Phone
- (901) 737-7322
- Website
- WWW.BALLETMEMPHIS.ORG
- Return prepared by
- WATKINS UIBERALL PLLC
Mission
SEE SCHEDULE O
Program accomplishments
- BALLET MEMPHIS IS A DIVERSE PROFESSIONAL BALLET COMPANY WITH 18 DANCERS FROM ACROSS THE COUNTRY AND AROUND THE GLOBE. IN THE 2024-25 SEASON, BALLET MEMPHIS STAGED 5 MAINSTAGE PRODUCTIONS WITH 16 PERFORMANCES. ADDITIONALLY, THE YOUTH BALLET MEMPHIS STAGED 2 PRODUCTIONS WITH 6 PERFORMANCES. OVER 15,000 INDIVIDUALS ENJOYED A BALLET MEMPHIS PERFORMANCE.Expenses $2,524,630 · revenue $449,039
- THE BALLET MEMPHIS SCHOOL AND YOUTH BALLET MEMPHIS HAD AN ENROLLMENT OF 225 STUDENTS AGES 3 THROUGH 18 WHO PARTICIPATED IN CLASSICAL BALLET TRAINING. STUDENTS ARE PROVIDED INTRODUCTORY THROUGH ADVANCED TRAINING, INCLUDING POINT, MODERN DANCE, CHOREOGRAPHIC TECHNIQUE, AND BOYS' TECHNIQUE CLASS. BALLET MEMPHIS PROVIDES SCHOLARSHIP ASSISTANCE TO STUDENTS WITH DEMONSTRATED FINANCIAL NEED AND/OR EXCEPTIONAL ABILITY. OUR GOAL IS TO PROVIDE THE OPPORTUNITY FOR PROFESSIONAL DANCE TRAINING TO ANY STUDENT WHO DEMONSTRATES AN INTEREST AND IS WILLING TO MAKE THE COMMITMENT TO ATTEND REGULAR CLASSES. CLASSES ARE TAUGHT BY PROFESSIONAL DANCE INSTRUCTORS OR MEMBERS OF THE BALLET MEMPHIS COMPANY.Expenses $412,949 · revenue $343,168
- THE BALLET MEMPHIS PILATES + WELLNESS PROGRAM OFFERS MAT AND EQUIPMENT CLASSES AT TWO LOCATIONS. BALLET MEMPHIS IS A LICENSED STOTT TRAINING AND CERTIFICATION CENTER AND HAS CERTIFIED MANY OF OUR OWN DANCERS AS INSTRUCTORS. PILATES INSTRUCTION HELPS TO SUPPLEMENT INCOME FOR DANCERS AND OFFER AN ALTERNATIVE CAREER PATH, AS WELL AS OFFERS EXCELLENT TRAINING TO KEEP DANCERS IN PRIME PHYSICAL CONDITION AND REDUCE THE RISK OF INJURY. CLIENTS OF ALL PHYSICAL ABILITIES FROM ACROSS THE REGION USE THE PILATES CENTER TO MAINTAIN PHYSICAL HEALTH, RECOVER FROM INJURY, INCREASE BALANCE AND CORE STRENGTH, AND IMPROVE ATHLETIC PERFORMANCE. ADDITIONALLY, BALLET MEMPHIS OFFERS ADULT CLASSES IN BALLET AND TAP FOR FUN AND FITNESS. THE PILATES + WELLNESS PROGRAM SERVED OVER 11,000 CLIENT VISITS IN FY2025.Expenses $538,529 · revenue $534,255
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 62-1018942
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1979
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A630)
- Assets (IRS master file)
- $33,419,157
- Income (IRS master file)
- $3,067,245
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $3,042,475 | $4,648,956 | $33,419,157 | IRS |
| 990 | June 2024 | $2,864,022 | $4,446,380 | $33,818,476 | XML |
| 990 | June 2023 | $2,662,090 | $4,436,052 | $34,027,733 | XML |
| 990 | June 2022 | $4,251,856 | $3,856,262 | $34,630,248 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 62-1018942).
Questions about BALLET MEMPHIS CORPORATION
- What is the EIN of BALLET MEMPHIS CORPORATION?
- The employer identification number (EIN) of BALLET MEMPHIS CORPORATION is 62-1018942.
- Is BALLET MEMPHIS CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1979.
- Are donations to BALLET MEMPHIS CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BALLET MEMPHIS CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of BALLET MEMPHIS CORPORATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BALLET MEMPHIS CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of BALLET MEMPHIS CORPORATION?
- The 990 for the year ended June 30, 2025 names RAVYN PATTON.
- Who are the officers and directors of BALLET MEMPHIS CORPORATION?
- The 990 for the year ended June 30, 2025 lists 15 people; 2 received compensation from the organization, the highest $202,308 (GRETCHEN WOLLERT MCLENNON, PRESIDENT & CEO).
- How much revenue does BALLET MEMPHIS CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $3,042,475, expenses of $4,648,956 and total assets of $33,419,157 at year end.
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All nonprofits in MEMPHIS · Tennessee · Arts, culture and humanities