Nashville Ballet
Fiscal Year
Fiscal Year Start
06/01/2024
Fiscal Year End
05/31/2025
Projected Revenue
$8,560,815.00
Projected Expenses
$8,560,815.00
Organizational Budgets and Other Documents
IRS Letter of Exemption
| nashville ballet irs ltr |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Revenue | $6,810,874.00 | $8,683,099.00 | |
| Total Expenses | $8,762,034.00 | $7,459,485.00 | |
| Revenue Less Expenses | ($-0.00) | ($1,951,160.00) | $1,223,614.00 |
Revenue Sources
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Foundation and Corporation Contributions | $961,752.00 | $1,029,829.00 | |
| Government - Federal | $0.00 | $0.00 | |
| Government - State | $0.00 | $0.00 | |
| Government - Local | $0.00 | $0.00 | |
| Government - Unspecified | $0.00 | $0.00 | |
| Contributions, Gifts, and Grants | $1,366,665.00 | $4,213,916.00 | |
| Indirect Public Support | $16,626.00 | $0.00 | |
| Earned Revenue | $3,613,003.00 | $2,515,058.00 | |
| Investment Income, Net of Losses | $33,574.00 | $-140,841.00 | |
| Membership Dues | $0.00 | $0.00 | |
| Special Events | $579,807.00 | $697,896.00 | |
| Revenue In-Kind | $141,203.00 | $115,725.00 | |
| Other | $98,244.00 | $251,516.00 |
Expense Allocation
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Program Expense | $7,202,840.00 | $6,034,595.00 | |
| Administration Expense | $576,961.00 | $623,280.00 | |
| Fundraising Expense | $982,233.00 | $801,610.00 | |
| Total Revenue/Total Expenses | 78% | 116% | |
| Program Expense/Total Expenses | 82% | 81% | |
| Fundraising Expense/Contributed Revenue | 11% | 11% |
Top Funding Sources
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | $0.00 | Program Revenue $3,613,003.00 | Contributions, Gifts, and Grants $4,213,916.00 |
| Second Highest Funding Source & Dollar Amount | $0.00 | Contributions, Gifts, and Grants $1,366,665.00 | Program Revenue $2,515,058.00 |
| Third Highest Funding Source & Dollar Amount | $0.00 | Foundations and Corporations $961,752.00 | Foundations and Corporations $1,029,829.00 |
Assets and Liabilities
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $11,761,762.00 | $13,824,110.00 | |
| Current Assets | $3,697,096.00 | $5,518,785.00 | |
| Long-Term Liabilities | $1,386,576.00 | $0.00 | |
| Current Liabilities | $2,281,948.00 | $3,779,712.00 | |
| Total Net Assets | $8,093,238.00 | $10,044,398.00 |
Endowment Info
Do you have an endowment?
Yes
What is the value of the endowment?
$1,251,451.00
What is the spending policy for your endowment?
Income Only
Capital Campaign Info
Are you currently in a Capital Campaign?
No
Do you anticipate a campaign in the next 5 years?
Yes
Solicitation Permit Info
State Charitable Solicitations Permit
Yes
Permit Expiration Month
November
Permit Expiration Year
2024
Solicitations Permit
Form 990s
Audit Documents
Foundation Staff Comments
| Financial figures taken from audit. Financial documents prepared by Kraft CPAs PLLC. Comments provided by Nicole Rose 07/25/2024. |
