High Point Ballet FY2023 filing

Tax-deductible

High Point, NC501(c)(3)EIN 56-1631225

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To perform professional Ballet and dance shows.

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
$44K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average deficit $20K a year · 10% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$44K
to officers and key staff · 19% of spending
Fine: pay to officers and key staff is 19% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.3 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $8K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$100K
×18 of total assets
Concern: liabilities are 1800% of assets; over 80%.
Pt X · Ln 26
Independent board members
4
of 11 voting members
Worth a look: 4 of 11 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$238K
+22% vs prior year
Spent
$230K
To programs
92%
Net assets
−$94K
By yearFY2021–FY2024
Revenue
$238K
FY2023▲ +22%
Revenue by fiscal year
FY2021$135K
FY2022$196K
FY2023$238K
FY2024$203K
Expenses
$230K
FY2023▲ +15%
Expenses by fiscal year
FY2021$223K
FY2022$201K
FY2023$230K
FY2024$196K
Net assets
−$94K
FY2023▲ +8%
Net assets by fiscal year
FY2021−$97K
FY2022−$102K
FY2023−$94K
FY2024−$87K

From the FY2023 Form 990 (year ending June 2023) · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1989.

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

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $213K Management & general 8% · $17K

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

8 people listed on the 990; $44K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Artistic Director
$23,060Pt VII · Sec A
Image & Design Consultant
$21,300Pt VII · Sec A
$0Pt VII · Sec A
At Large
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
Hp Arts Council Liaison
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Secretary Treasurer
$0Pt VII · Sec A

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021
Gary Taylor$19,270$23,060$13,300$25,443
Christine Fowle$13,150$21,300$11,375$14,600
Rita Taylor———$1,475
Gene Johnson———$775

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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Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Presents professional ballet and dance performances.

Provided by the organization

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1 program · $213K · in their own filed words · FY2022
01

Professional ballet and dance shows for the people of High Point and the triad area.

$213Kprogram 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 · FY2024
Total grants receivedfrom 1 funder$8K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$238K
Ln 12
Fees for servicesLn 2g$200K
Gifts and grantsLn 1h$39K
Money outPt IX
$230K
Ln 25
Programscol B$213K
Managementcol C$17K
Owns and owesPt X
−$94K
net assets · Ln 32
Cash and savingsLn 1–2$6K
Total assetsLn 16$6K
LiabilitiesLn 26$100K
PeoplePt VI, VII
8
listed · VII A
PaidVII A2
Voting boardVI 1a11
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$39K
Government grantsLn 1e$30K
Fees for servicesLn 2g$200K
Total revenueLn 12$238K
Assets in detailPt X, end of year
CashLn 1$6K
Cash and savings togetherLn 1–2$6K
Total assetsLn 16$6K
LiabilitiesLn 26$100K
Net assetsLn 32−$94K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$5K$6K
Total assetsLn 16$5K$6K
LiabilitiesLn 26$107K$100K
Net assetsLn 32−$102K−$94K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other fees for servicesLn 11g$11K$11K
Advertising and promotionLn 12$656$656
Office expensesLn 13$5K$5K
OccupancyLn 16$14K$14K
TravelLn 17$12K$12K
InterestLn 20$400$400
Other expenses (24a–d)Ln 24$187K$187K
Total functional expensesLn 25$230K$213K$17K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $203K$196K$6K−$87K 990 PDF
FY2023 Viewing $238K$230K$8K−$94K 990 PDF
FY2022 $196K$201K−$5K−$102K 990 PDF
FY2021 $135K$223K−$88K−$97K 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 FY2023 990 (4 parts)
Part VIII · Statement of revenue $238,300 across 5 lines filed
Lines not itemized here account for $8,106 of total revenue; see the IRS return.
VIII-1e Government grants$30,250
VIII-1f All other contributions, gifts and grants$8,425
VIII-1h Total contributions, gifts and grants$38,675
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $191,519$191,519
VIII-12 Total revenueRelated to mission $199,625 · Unrelated business $0 · Excluded from tax $0$238,300
Part IX · Statement of functional expenses $230,489 across 7 lines filed
IX-11g Other fees for servicesManagement $11,086$11,086
IX-12 Advertising and promotionManagement $656$656
IX-13 Office expensesManagement $5,319$5,319
IX-16 OccupancyPrograms $13,787$13,787
IX-17 TravelPrograms $12,260$12,260
IX-20 InterestManagement $400$400
IX-24 Other expenses (24a–d)Programs $186,981$186,981
IX-25 Total functional expensesPrograms $213,028 · Management $17,461 · Fundraising $0$230,489
Part X · Balance sheet $5,942 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $5,150$5,942
X-16 Total assetsStart of year $5,150$5,942
X-25 Other liabilitiesStart of year $97,300$93,805
X-26 Total liabilitiesStart of year $106,782$99,763
X-27 Net assets without donor restrictionsStart of year −$101,632−$93,821
X-32 Total net assets or fund balancesStart of year −$101,632−$93,821
X-33 Total liabilities and net assetsStart of year $5,150$5,942
Part XI · Reconciliation of net assets −$93,821 net assets at year end
XI-1 Total revenue$238,300
XI-2 Total expenses$230,489
XI-3 Revenue less expenses$7,811
XI-4 Net assets at start of year−$101,632
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$93,821

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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