Charlotte Ballet FY2023 filing

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Charlotte ballet's mission: through dance, we create authentic connections, engaging and inclusive educational opportunities, and transformative experiences. Charlotte ballet's vision: we inspire individuals and communities to explore the boundless potential of the imagination.

501(c)(3) charity; gifts are tax-deductible.
54¢ of each $1 spent went to programs.
$677K 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
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
4 of 6
filings with a surplus
Average surplus $1.8M a year · 18% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
54%
of spending
Worth a look: 54% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$677K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
2 mo
of spending, in cash
Plus $6.7M in investments, Pt X · Ln 11–13
Fine: 1.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $30K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$4.8M
21% of total assets
Looks good: liabilities are 21% of assets; 50% or less.
Pt X · Ln 26
Independent board members
36
of 36 voting members
Looks good: 36 of 36 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$11.6M
+31% vs prior year
Spent
$11.9M
To programs
54%
Net assets
$18.7M
By yearFY2020–FY2025
Revenue
$11.6M
FY2023▲ +31%
Tap a bar for its year
Revenue by fiscal year
FY2020$7.1M
FY2021$4.8M
FY2022$8.9M
FY2023$11.6M
FY2024$9.7M
FY2025$19.0M
Expenses
$11.9M
FY2023▲ +49%
Tap a bar for its year
Expenses by fiscal year
FY2020$7.3M
FY2021$4.3M
FY2022$8.0M
FY2023$11.9M
FY2024$9.1M
FY2025$9.4M
Net assets
$18.7M
FY2023-0.5%
Tap a bar for its year
Net assets by fiscal year
FY2020$17.1M
FY2021$18.8M
FY2022$18.8M
FY2023$18.7M
FY2024$19.8M
FY2025$29.8M

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1978.

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

Where the money goes

54 cents of each dollar spent went to programs.

Program services 54% · $6.4M Management & general 11% · $1.3M Fundraising 36% · $4.3M

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

41 people listed on the 990; $677K 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
Executive Director
$218,962Pt VII · Sec A
Artistic Director
$148,034Pt VII · Sec A
Interim Artistic Director
$104,687Pt VII · Sec A
Director of Philanthropy & External Relations
$103,395Pt VII · Sec A
Director of Finance & HR
$101,523Pt VII · Sec A
Board Member - Campaign Advisory Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Treasurer - Finance Chair
$0Pt VII · Sec A

Doug Singleton’s $225K as Executive Director is at the 21st percentile of top reported officer pay among 749 $10–100M 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 · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Doug Singleton$225,371$233,993$218,962$240,894$195,144$201,197
Alejandro Cerrudo$216,367$218,522$148,034———
Hope Muir———$186,738$172,840$167,731
Shannon O'Keeffe$93,825$124,565$101,523———
Meg Putnam—$104,058$103,395$119,073——
Shannon Link———$114,876——
Ayisha Cravotta———$106,160——
Christopher Stuart——$104,687$75,506——

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 Charlotte Ballet executive salaries →

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

Performs professional dance, provides high-quality ballet training for all ages, and offers inclusive educational programs to inspire and connect communities through movement.

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3 programs · $6.4M · in their own filed words · FY2022
01

Artistic Programming

Charlotte ballet presents 5-6 performance seriesof classical and contemporary ballet in charlotte annually, in additionto performing on tour locally, regionally, nationally and internationally. The organization employs an average of 28 dancers (20 first company; 8 second company) each season.

$4.7Mprogram expense
02

Dance Training

The oldest dance school in north carolina affiliated with a professional dance company, charlotte ballet academy annually enrolls over 900 students ages three to adult from across the country and around the world.

$1.5Mprogram expense
03

Education & Community Engagement Programming

Charlotte ballet'sflagship community engagement program, reach, offers ballet and worlddance training by professional teaching artists and dance attire for upto 120 students annually, all at no cost to participants' FAMILIES.CLASSES are conducted over 29 sequential weeks, in five communitycenters across mecklenburg county.

$276Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 2 funders$30K
Grants paid · 6 grants · $962K · 2019–2024
Unitemized GrantFY2024$213,217
Unitemized GrantFY2023$179,707
Unitemized GrantFY2022$200,564
Unitemized GrantFY2021$141,565
Unitemized GrantFY2020$83,618
Unitemized GrantFY2019$143,613

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Jun 2022 · $1.1M federal money spent
Shuttered Venue Operators Grant ProgramSmall Business Administration · ALN 59.075 · Direct$1.1M

The auditor reported no findings.

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$11.6M
Ln 12
Gifts and grantsLn 1h$7.3M
Fees for servicesLn 2g$4.2M
Investment incomeLn 3$225K
Money outPt IX
$11.9M
Ln 25
Programscol B$6.4M
Managementcol C$1.3M
Fundraisingcol D$4.3M
Owns and owesPt X
$18.7M
net assets · Ln 32
Cash and savingsLn 1–2$1.8M
Total assetsLn 16$23.6M
LiabilitiesLn 26$4.8M
PeoplePt VI, VII
41
listed · VII A
PaidVII A5
Voting boardVI 1a36
IndependentVI 1b36
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$7.3M
Government grantsLn 1e$102K
Noncash giftsLn 1g$3.7M
Fundraising eventsLn 1c$851K
Fees for servicesLn 2g$4.2M
Investment incomeLn 3$225K
Total revenueLn 12$11.6M
Assets in detailPt X, end of year
CashLn 1$1.8M
Cash and savings togetherLn 1–2$1.8M
Pledges and grants receivableLn 3$477K
Accounts receivableLn 4$546K
Prepaid expenses and deferred chargesLn 9$106K
Land, buildings, equipmentLn 10c$13.8M
InvestmentsLn 11–13$6.7M
Other assetsLn 15$83K
Total assetsLn 16$23.6M
LiabilitiesLn 26$4.8M
Net assetsLn 32$18.7M
OperationsPt I, VI
EmployeesI 5157
VolunteersI 6148
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$3.7M
EndowmentSch D · Pt V
LineFY23FY22FY21FY20FY19
End of yearLn 1g$6.7M$6.1M$7.0M$5.7M$5.8M
Given inLn 1b$500K$17K$19K
SpentLn 1d–1f$284K$223K$226K$271K$269K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$1.2M$1.8M
InvestmentsLn 11–13$6.1M$6.7M
Land, buildings, equipmentLn 10c$10.6M$13.8M
Total assetsLn 16$19.8M$23.6M
LiabilitiesLn 26$948K$4.8M
Net assetsLn 32$18.8M$18.7M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$201K$201K
Pay of current officers, directors and key staffLn 5$800K$339K$354K$107K
Other salaries and wagesLn 7$2.7M$2.3M$165K$208K
Pension plan contributionsLn 8$16K$10K$3K$2K
Other employee benefitsLn 9$286K$223K$36K$27K
Payroll taxesLn 10$370K$294K$43K$33K
Management feesLn 11a$179K$15K$163K$895
Accounting feesLn 11c$41K$4K$37K$205
Other fees for servicesLn 11g$231K$197K$29K$5K
Advertising and promotionLn 12$751K$672K$2K$77K
Office expensesLn 13$207K$184K$10K$13K
Information technologyLn 14$97K$72K$15K$10K
RoyaltiesLn 15$28K$28K
OccupancyLn 16$492K$474K$13K$4K
TravelLn 17$77K$72K$4K$267
Conferences, conventions and meetingsLn 19$21K$2K$17K$860
Depreciation, depletion and amortizationLn 22$418K$163K$255K
Other expenses (24a–d)Ln 24$4.4M$694K$35$3.7M
All other expensesLn 24e$605K$421K$106K$77K
Total functional expensesLn 25$11.9M$6.4M$1.3M$4.3M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 15, 2026 $19.0M$9.4M$9.6M$29.8M 990 PDF
FY2024Filed with the IRS May 14, 2025 $9.7M$9.1M$627K$19.8M 990 PDF
FY2023 ViewingFiled with the IRS May 15, 2024 $11.6M$11.9M−$285K$18.7M 990 PDF
FY2022Filed with the IRS May 15, 2023 $8.9M$8.0M$874K$18.8M 990 PDF
FY2021Filed with the IRS May 13, 2022 $4.8M$4.3M$434K$18.8M 990 PDF
FY2020Filed with the IRS May 15, 2021 $7.1M$7.3M−$173K$17.1M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash J · Pay O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $11,634,180 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $5,167,688$7,288,594
I-9 Program service revenuePrior year $3,580,025$4,163,177
I-10 Investment incomePrior year $221,887$224,767
I-11 Other revenuePrior year −$115,920−$42,358
I-12 Total revenuePrior year $8,853,680$11,634,180
I-13 Grants and similar amounts paidPrior year $141,565$200,564
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $4,050,249$4,179,007
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $3,788,082$7,540,067
I-18 Total expensesPrior year $7,979,896$11,919,638
I-19 Revenue less expensesPrior year $873,784−$285,458
Part VI · Governance 36 of 36 board members independent, no flags
VI-1a Voting members of the governing body36
VI-1b Independent voting members36
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 $11,634,180 across 12 lines filed
VIII-1a Federated campaigns$50,250
VIII-1c Fundraising events$850,890
VIII-1e Government grants$102,200
VIII-1f All other contributions, gifts and grants$6,285,254
VIII-1g Noncash contributions (included above)$3,700,000
VIII-1h Total contributions, gifts and grants$7,288,594
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,163,177$4,163,177
VIII-3 Investment incomeExcluded from tax $224,767$224,767
VIII-6 Net rental income or lossRelated to mission $50,709$50,709
VIII-8 Net income from fundraising eventsExcluded from tax −$159,239−$159,239
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $66,172$66,172
VIII-12 Total revenueRelated to mission $4,280,058 · Unrelated business $0 · Excluded from tax $65,528$11,634,180
Part IX · Statement of functional expenses $11,919,638 across 19 lines filed
IX-2 Grants to domestic individualsPrograms $200,564$200,564
IX-5 Pay of current officers, directors and key staffPrograms $339,353 · Management $353,613 · Fundraising $106,670$799,636
IX-7 Other salaries and wagesPrograms $2,335,427 · Management $165,030 · Fundraising $207,591$2,708,048
IX-8 Pension plan contributionsPrograms $10,317 · Management $3,278 · Fundraising $2,102$15,697
IX-9 Other employee benefitsPrograms $222,961 · Management $36,157 · Fundraising $26,874$285,992
IX-10 Payroll taxesPrograms $293,579 · Management $42,573 · Fundraising $33,482$369,634
IX-11a Management feesPrograms $15,311 · Management $162,859 · Fundraising $895$179,065
IX-11c Accounting feesPrograms $3,500 · Management $37,227 · Fundraising $205$40,932
IX-11g Other fees for servicesPrograms $196,914 · Management $29,465 · Fundraising $4,571$230,950
IX-12 Advertising and promotionPrograms $672,480 · Management $1,588 · Fundraising $76,576$750,644
IX-13 Office expensesPrograms $183,679 · Management $10,168 · Fundraising $12,657$206,504
IX-14 Information technologyPrograms $72,165 · Management $15,090 · Fundraising $10,060$97,315
IX-15 RoyaltiesPrograms $28,170$28,170
IX-16 OccupancyPrograms $474,385 · Management $13,187 · Fundraising $4,439$492,011
IX-17 TravelPrograms $72,270 · Management $4,073 · Fundraising $267$76,610
IX-19 Conferences, conventions and meetingsPrograms $2,388 · Management $17,441 · Fundraising $860$20,689
IX-22 Depreciation, depletion and amortizationPrograms $162,970 · Management $254,940$417,910
IX-24 Other expenses (24a–d)Programs $693,653 · Management $35 · Fundraising $3,700,515$4,394,203
IX-24e All other expensesPrograms $421,376 · Management $106,492 · Fundraising $77,196$605,064
IX-25 Total functional expensesPrograms $6,401,462 · Management $1,253,216 · Fundraising $4,264,960$11,919,638
Part X · Balance sheet $23,590,028 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $1,220,538$1,797,765
X-3 Pledges and grants receivableStart of year $610,660$476,508
X-4 Accounts receivableStart of year $930,811$545,942
X-9 Prepaid expenses and deferred chargesStart of year $107,277$106,422
X-10c Land, buildings and equipment, netStart of year $10,558,927$13,838,635
X-12 Other securitiesStart of year $6,085,685$6,742,153
X-15 Other assetsStart of year $261,102$82,603
X-16 Total assetsStart of year $19,775,000$23,590,028
X-17 Accounts payable and accrued expensesStart of year $280,346$268,790
X-19 Deferred revenueStart of year $667,519$841,372
X-25 Other liabilitiesStart of year $0$3,739,375
X-26 Total liabilitiesStart of year $947,865$4,849,537
X-27 Net assets without donor restrictionsStart of year $12,578,739$7,506,871
X-28 Net assets with donor restrictionsStart of year $6,248,396$11,233,620
X-32 Total net assets or fund balancesStart of year $18,827,135$18,740,491
X-33 Total liabilities and net assetsStart of year $19,775,000$23,590,028
Part XI · Reconciliation of net assets $18,740,491 net assets at year end
XI-1 Total revenue$11,634,180
XI-2 Total expenses$11,919,638
XI-3 Revenue less expenses−$285,458
XI-4 Net assets at start of year$18,827,135
XI-5 Net unrealized gains (losses) on investments$198,814
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$18,740,491

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

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