Denver Ballet Guild EIN 74-2107342 Form 990 (PDF) Claim this org

Denver Ballet Guild FY2021 filing

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Promotes and supports ballet and dance through various programs and initiatives. For fiscal year 2021 it reported $262K in revenue, $153K in expenses, and $1.4M in net assets.Pt I

Founded
1981
Type
Public charity (501(c)(3)) · Arts & Culture
Location
Littleton, CO
Website
www.denverballetguild.org
Filings
5 on file (2020–2021)
Revenue
$262KFY2021
Expenses
$153K
Net assets
$1.4M
People
37
Filings
5
Updates
0
More identity details & actions ⌄
EIN  74-2107342 Public charity (501(c)(3)) Littleton, CO Founded 1981
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Promotes and supports ballet and dance through various programs and initiatives.
Leadership
Karen Crossman · President Elect
Money in and out
$262K revenue, $153K expenses
Bottom line
56% program efficiency
Where the money goes · FY2021
Total revenue
$262K
Pt VIII · Ln 12
Total expenses
$153K
Pt IX · Ln 25
Net assets
$1.4M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $109K
Where spending went · Part IX cols B–D
Program services $0.56 Management & general $0.25 Fundraising $0.19
Program efficiency
56%
of spending reaches programs
Operating runway
123.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
+42%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$262K
FY2021▲ +84%
Expenses
$153K
FY2021▼ -35%
Total assets
$1.6M
FY2021▲ +11%
Total liabilities
$145K
FY2021▲ +46%
Total revenue
$262K
Pt VIII · Ln 12
Total expenses
$153K
Pt IX · Ln 25
Net assets
$1.4M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$109K
Total assetsPt X · Ln 16$1.6M
Program-expense ratioPt IX · col B56%
Voting members of governing bodyPt I · Ln 338
Independent voting membersPt I · Ln 438
Mission & Programs · Part III

Where the work happens

1 program service account for $85K of program spending, described in the organization's own filed words · FY2020.
01

The Denver Ballet Guild makes a significant impact on the community by awarding grants to professional dance companies, by providing financial scholarships for young dancers, and by offering dance education. The goals of the Guild's programs are to promote excellence in performance and to increase the size of dance audiences.

$85Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CDenver Ballet Guild
EINHdr · item D74-2107342
Principal addressHdr · item CLittleton, CO
WebsiteHdr · item Jwww.denverballetguild.org
Year of formationHdr · item L1981
State of legal domicileHdr · item MCO
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A62J)
Ruling yearIRS BMFJan 1981

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a38
Independent voting membersPt VI · Ln 1b38
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
President Elect
$0Pt VII · Sec A
Les Demo Chair
$0Pt VII · Sec A
VP Fundraising
$0Pt VII · Sec A
$0Pt VII · Sec A
Endowment Sec
$0Pt VII · Sec A
Asst Data Base
$0Pt VII · Sec A
President
$0Pt VII · Sec A
VP Fundraising
$0Pt VII · Sec A
See Denver Ballet Guild executive salaries →

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Statement of Revenue

Part VIII
Investment income$166K · 63%
Contributions & grants$93K · 36%
Program service revenue$3K · 1%
Investment income63%$166K
Contributions & grants36%$93K
Program service revenue1%$3K
Total revenueLn 12$262K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.56 Management & general $0.25 Fundraising $0.19
Program services56%$85K
Management & general25%$38K
Fundraising19%$29K
Total functional expensesLn 25$153K

Balance Sheet

Part X · end of year
CashLn 1$489K
Total assetsLn 16$1.6M
Total liabilitiesLn 26$145K
Total net assetsLn 32$1.4M
Months of cash on handcomputed38.5

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.6M · Operating expenses/yr $153K
123.0 months
Where the money goes
Program services
Program services $85K · Total expenses $153K
56%
Management & General
Management & general $38K · Total expenses $153K
25%
Fundraising
Fundraising $29K · Total expenses $153K
19%
Cost to raise $1
Fundraising expense (2-yr avg) $25K · Solicited contributions (2-yr avg) $119K
$0.21 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $93K · Total revenue $262K
36%
Government reliance
Government grants — · Total revenue $262K
Earned-income share
Program service revenue $3K · Total revenue $262K
1%
Investment reliance
Investment income $166K · Total revenue $262K
+63%
Program self-sufficiency
Program service revenue $3K · Total expenses $153K
2%
Growth & trend
Revenue growth (YoY)
This year $262K · Prior year $142K
+84%
Net-asset trend (YoY)
End of year $1.4M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $262K · Expenses $153K
+42%
Liabilities-to-Assets
Total liabilities — · Total assets $1.6M
Net-asset ratio
Net assets $1.4M · Total assets $1.6M
91%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $1.1M · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $1.6M
68%
People & payroll
Highest Reported Total Compensation
Individual Karen Crossman · Reported title President elect · Highest reported compensation $0 · Total expenses $153K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $153K
0%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 56%
Overhead ratio 25%
Fundraising cost ratio 31%
Revenue growth 84%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 16%
Fundraising fee ratio 0%

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 · FY2024
Total grants receivedfrom 1 funder$1K
Grants paid · 27 grants · $547K · 2019–2024
WonderboundFY2024$31,000
Colorado Ballet AcademyFY2024$30,000
Cleo Parker Robinson DanceFY2024$19,000
Vail Dance FestivalFY2024$15,000
Boulder BalletFY2024$15,000
Zikr Dance EnsembleFY2024$6,000
Colorado Ballet CompanyCO · FY2023$30,000
Unitemized GrantFY2023$18,468
New Dance Theatre INCCO · FY2023$16,000
New Dance Theatre INCCO · FY2023$16,000
The Boulder BalletCO · FY2023$10,000
WonderboundFY2022$45,000
Colorado Ballet CompanyCO · FY2022$30,000
New Dance Theatre INCCO · FY2022$16,000
The Boulder BalletCO · FY2022$10,000
Colorado Ballet CompanyCO · FY2021$30,000
WonderbondFY2021$16,000
Cleo Parker Robinson DanceFY2021$16,000
See all 27 grants →

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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
FY2024$388K revenue · ⤓ 990 PDF
FY2023$293K revenue · ⤓ 990 PDF
FY2022$71K revenue · ⤓ 990 PDF
FY2021$262K revenue · viewing · ⤓ 990 PDF
FY2020$142K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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