Springfield Ballet INC EIN 43-1089752 Form 990 (PDF) Claim this org

Springfield Ballet INC FY2023 filing

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Advances ballet through education, performance, outreach, and collaboration. For fiscal year 2023 it reported $623K in revenue, $582K in expenses, and $814K in net assets.Pt I

Type
Public charity (501(c)(3)) · Arts & Culture
Location
Springfield, MO
Website
www.springfieldballet.org
Filings
5 on file (2021–2023)
Revenue
$623KFY2023
Expenses
$582K
Net assets
$814K
People
18
Filings
5
Updates
0
More identity details & actions ⌄
EIN  43-1089752 Public charity (501(c)(3)) Springfield, MO
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Advances ballet through education, performance, outreach, and collaboration.
Leadership
Abigail Lind · Executive Di · $44K
Money in and out
$623K revenue, $582K expenses
Bottom line
71% program efficiency
Where the money goes · FY2023
Total revenue
$623K
Pt VIII · Ln 12
Total expenses
$582K
Pt IX · Ln 25
Net assets
$814K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $41K
Where spending went · Part IX cols B–D
Program services $0.71 Management & general $0.20 Fundraising $0.09
Program efficiency
71%
of spending reaches programs
Operating runway
15.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
+7%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$623K
FY2023▲ +2%
Expenses
$582K
FY2023▲ +7%
Total assets
$849K
FY2023▲ +8%
Total liabilities
$35K
FY2023▲ +61%
Total revenue
$623K
Pt VIII · Ln 12
Total expenses
$582K
Pt IX · Ln 25
Net assets
$814K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$41K
Total assetsPt X · Ln 16$849K
Program-expense ratioPt IX · col B71%
Voting members of governing bodyPt I · Ln 317
Independent voting membersPt I · Ln 416

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSpringfield Ballet INC
EINHdr · item D43-1089752
Principal addressHdr · item CSpringfield, MO
WebsiteHdr · item Jwww.springfieldballet.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMO
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A63Z)
Ruling yearIRS BMFJan 1977

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a17
Independent voting membersPt VI · Ln 1b16
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Executive Di
$43,691Pt VII · Sec A
$15,100Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A

Ashley Paige Romines’s $61K as Artistic Dir is at the 56th percentile of top reported officer pay among 2213 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Ashley Paige Romines$60,850$60,850
Abigail Lind$54,607$54,607$43,691$13,204
Ashley Walden$52,336
Ashley Walden Thru 82021$30,487
Eugenia Peters$15,100$15,100

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

1 program service account for $411K of program spending, described in the organization's own filed words · FY2022.
01

Conservatory, public performances and community outreach. Educate and develop dancers in the art and history of ballet, as well as providing professionally trained dancers for performances provided to the general public.

$411Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$468K · 75%
Contributions & grants$154K · 25%
Investment income$15K · 2%
Program service revenue75%$468K
Contributions & grants25%$154K
Investment income2%$15K
Total revenueLn 12$623K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.71 Management & general $0.20 Fundraising $0.09
Program services71%$411K
Management & general20%$119K
Fundraising9%$52K
Total functional expensesLn 25$582K

Balance Sheet

Part X · end of year
CashLn 1$526K
Total assetsLn 16$849K
Total liabilitiesLn 26$35K
Total net assetsLn 32$814K
Months of cash on handcomputed10.8

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $736K · Operating expenses (Pt IX) $582K · Less non-cash grants $10K · Cash operating expenses/yr $573K
15.4 months
Where the money goes
Program services
Program services $411K · Total expenses $582K
71%
Management & General
Management & general $119K · Total expenses $582K
20%
Fundraising
Fundraising $52K · Total expenses $582K
9%
Cost to raise $1
Fundraising expense (3-yr avg) $47K · Solicited contributions (3-yr avg) $179K
$0.27 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $154K · Total revenue $623K
25%
Government reliance
Government grants — · Total revenue $623K
Earned-income share
Program service revenue $468K · Total revenue $623K
75%
Investment reliance
Investment income $15K · Total revenue $623K
+2%
Program self-sufficiency
Program service revenue $468K · Total expenses $582K
80%
Growth & trend
Revenue growth (YoY)
This year $623K · Prior year $613K
+2%
Net-asset trend (YoY)
End of year $814K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $623K · Expenses $582K
+7%
Liabilities-to-Assets
Total liabilities — · Total assets $849K
Net-asset ratio
Net assets $814K · Total assets $849K
96%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $210K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $849K
25%
People & payroll
Highest Reported Total Compensation
Individual Abigail Lind · Reported title EXECUTIVE DI · Highest reported compensation $44K · Total expenses $582K
8%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $330K · Total expenses $582K
57%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 71%
Overhead ratio 20%
Fundraising cost ratio 34%
Revenue growth 2%
Investment management fee ratio 0.3%
Accounting fee ratio 3%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 2 funders$7K
Grants paid · 6 grants · $76K · 2020–2023
Unitemized GrantFY2023$18,412
Unitemized GrantFY2022$18,715
Unitemized GrantFY2021$18,417
Unitemized GrantFY2021$2,291
Unitemized GrantFY2020$13,806
Unitemized GrantFY2020$4,187

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$677K revenue · ⤓ 990 PDF
FY2024$630K revenue · ⤓ 990 PDF
FY2023$623K revenue · viewing · ⤓ 990 PDF
FY2022$613K revenue · ⤓ 990 PDF
FY2021$682K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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