Ballet Vero Beach INC

Tax-deductible

Vero Beach, FL501(c)(3)Arts & CultureEIN 46-1513558Revenue $737K in FY2025

On file with the IRSballetverobeach.org2135 Windward Way Apt 209, 32963-4391 · Vero Beach, FLTax-exempt since Jun 2014Publicly supported charity — 170(b)(1)(A)(vi)

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The mission of Ballet Vero Beach is to promote the art of dance as a universal language in our community and beyond. We seek to accomplish this goal with performances by our professional company, the presentation of other dance artists, and through our education and community engagement initiatives.

501(c)(3) charity; gifts are tax-deductible.
69¢ of each $1 spent went to programs.
Run by 50 volunteers and 4 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $49K a year · 10% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
69%
of spending
Fine: 69% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$85K
to officers and key staff · 14% of spending
Top officer’s pay lower than 61% of similar orgs
Looks good: pay to officers and key staff is 14% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 5.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $2K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$48K
8% of total assets
Looks good: liabilities are 8% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 11 voting members
Looks good: 10 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$737K
+18% vs prior year
Spent
$596K
To programs
69%
Net assets
$579K
By yearFY2021–FY2025
Revenue
$737K
FY2025▲ +18%
Tap a bar for its year
Revenue by fiscal year
FY2021$291K
FY2022$393K
FY2023$528K
FY2024$624K
FY2025$737K
Expenses
$596K
FY2025▲ +3%
Tap a bar for its year
Expenses by fiscal year
FY2021$256K
FY2022$386K
FY2023$508K
FY2024$581K
FY2025$596K
Net assets
$579K
FY2025▲ +32%
Tap a bar for its year
Net assets by fiscal year
FY2021$333K
FY2022$363K
FY2023$383K
FY2024$438K
FY2025$579K

From the FY2025 Form 990 (year ending May 2025) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2014.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

69 cents of each dollar spent went to programs.

Program services 69% · $414K Management & general 25% · $149K Fundraising 6% · $33K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

11 people listed on the 990; $85K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Artistic Director CEO and President
$45,000Pt VII · Sec A
Dancer Representative/Director of Marketing
$40,000Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Adam Schnell’s $45K as Artistic Director CEO and President is at the 39th percentile of top reported officer pay among 2216 $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 · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Adam Schnell$45,000$40,000$35,000$30,000$25,000
Katherine Eppink$40,000$30,000———

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.

See Ballet Vero Beach INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Promotes dance through performances and community programs.

Provided by the organization

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3 programs · $414K · in their own filed words · FY2024
01

Ballet Vero Beach executed our main stage performance season both live and virtually, which included three mixed repertory concerts performed in January, February, and April 2022.

$294Kprogram expense
02

Ballet Vero Beach engaged in restructuring of our education and engagement initiatives to include the beginning of revamping our free Student Matinee Series and an Accessible/Family Friendly Series.

$95Kprogram expense
03

Ballet Vero Beach executed the theatrical version of our beloved "Nutcracker on the Indian River" at home and on tour.

$25Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$2K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$737K
Ln 12
Gifts and grantsLn 1h$602K
Fees for servicesLn 2g$117K
Other incomeLn 4–11$11K
Money outPt IX
$596K
Ln 25
Programscol B$414K
Managementcol C$149K
Fundraisingcol D$33K
Owns and owesPt X
$579K
net assets · Ln 32
Cash and savingsLn 1–2$295K
Total assetsLn 16$627K
LiabilitiesLn 26$48K
PeoplePt VI, VII
11
listed · VII A
PaidVII A2
Voting boardVI 1a11
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$602K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$117K
Investment incomeLn 3$7K
Other incomeLn 4–11$11K
Total revenueLn 12$737K
Assets in detailPt X, end of year
CashLn 1$295K
Cash and savings togetherLn 1–2$295K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$318K
Other assetsLn 15$0
Total assetsLn 16$627K
LiabilitiesLn 26$48K
Net assetsLn 32$579K
OperationsPt I, VI
EmployeesI 54
VolunteersI 650
Fiscal year endsHeaderMay
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$174K$295K
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$313K$318K
Total assetsLn 16$495K$627K
LiabilitiesLn 26$57K$48K
Net assetsLn 32$438K$579K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0$0
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$390K$269K$91K$30K
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$0$0$0$0
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$0$0$0$0
Payroll taxesLn 10$38K$26K$9K$3K
Management feesLn 11a$0$0$0$0
Legal feesLn 11b$0$0$0$0
Accounting feesLn 11c$24K$12K$12K$0
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$0$0$0$0
Other fees for servicesLn 11g$0$0$0$0
Advertising and promotionLn 12$32K$19K$13K$0
Office expensesLn 13$20K$20K$0$0
Information technologyLn 14$13K$0$13K$0
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$14K$14K$0$0
TravelLn 17$15K$15K$0$0
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$0$0$0$0
InterestLn 20$0$0$0$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$39K$39K$0$0
InsuranceLn 23$11K$685$11K$0
Total functional expensesLn 25$596K$414K$149K$33K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $737K$596K$141K$579K 990 PDF
FY2024 $624K$581K$43K$438K 990 PDF
FY2023 $528K$508K$19K$383K 990 PDF
FY2022 $393K$386K$7K$363K 990 PDF
FY2021 $291K$256K$35K$333K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $737,135 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $518,415$602,221
I-9 Program service revenuePrior year $99,615$117,419
I-10 Investment incomePrior year $6,113$6,785
I-11 Other revenuePrior year $0$10,710
I-12 Total revenuePrior year $624,143$737,135
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $417,134$428,263
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $163,556$167,832
I-18 Total expensesPrior year $580,690$596,095
I-19 Revenue less expensesPrior year $43,453$141,040
Part VI · Governance 10 of 11 board members independent, no flags
VI-1a Voting members of the governing body11
VI-1b Independent voting members10
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $737,135 across 11 lines filed
Lines not itemized here account for $128,129 of total revenue; see the IRS return.
VIII-1a Federated campaigns$492,721
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$109,500
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$602,221
VIII-3 Investment incomeRelated to mission $6,785 · Unrelated business $0 · Excluded from tax $0$6,785
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $134,914 · Unrelated business $0 · Excluded from tax $0$737,135
Part IX · Statement of functional expenses $596,095 across 29 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $268,982 · Management $90,961 · Fundraising $30,320$390,263
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $0 · Management $0 · Fundraising $0$0
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $0 · Management $0 · Fundraising $0$0
IX-10 Payroll taxesPrograms $26,000 · Management $9,000 · Fundraising $3,000$38,000
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11c Accounting feesPrograms $11,926 · Management $11,926 · Fundraising $0$23,852
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11g Other fees for servicesPrograms $0 · Management $0 · Fundraising $0$0
IX-12 Advertising and promotionPrograms $19,080 · Management $12,720 · Fundraising $0$31,800
IX-13 Office expensesPrograms $20,000 · Management $0 · Fundraising $0$20,000
IX-14 Information technologyPrograms $0 · Management $13,416 · Fundraising $0$13,416
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $13,625 · Management $0 · Fundraising $0$13,625
IX-17 TravelPrograms $14,616 · Management $0 · Fundraising $0$14,616
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $0 · Fundraising $0$0
IX-20 InterestPrograms $0 · Management $0 · Fundraising $0$0
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $39,107 · Management $0 · Fundraising $0$39,107
IX-23 InsurancePrograms $685 · Management $10,731 · Fundraising $0$11,416
IX-25 Total functional expensesPrograms $414,021 · Management $148,754 · Fundraising $33,320$596,095
Part X · Balance sheet $627,303 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $173,543$294,926
X-9 Prepaid expenses and deferred chargesStart of year $8,144$14,118
X-10c Land, buildings and equipment, netStart of year $313,144$318,259
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $494,831$627,303
X-17 Accounts payable and accrued expensesStart of year $20,337$22,690
X-18 Grants payableStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-26 Total liabilitiesStart of year $56,897$48,329
X-27 Net assets without donor restrictionsStart of year $387,934$509,474
X-28 Net assets with donor restrictionsStart of year $50,000$69,500
X-32 Total net assets or fund balancesStart of year $437,934$578,974
X-33 Total liabilities and net assetsStart of year $494,831$627,303
Part XI · Reconciliation of net assets $578,974 net assets at year end
XI-1 Total revenue$737,135
XI-2 Total expenses$596,095
XI-3 Revenue less expenses$141,040
XI-4 Net assets at start of year$437,934
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$578,974

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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