Houston Ballet Guild INC

Tax-deductible

Houston, TX501(c)(3)Since 1974Arts & CultureEIN 74-2129272Revenue $6.2M in FY2024

On file with the IRShoustonballet.org601 Preston St, 77002-1605 · Houston, TXTax-exempt since Mar 1981Supporting organization — 509(a)(3)

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Fundraising activities and programs to aid in the financial support of Houston Ballet foundation and to educate and generate interest in dance.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Run by 750 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
1 of 3
filings with a surplus
Average deficit $3K a year · under 1% of revenue · last 3 filings
Concern: a surplus in 1 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.0 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$6.2M
+12% vs prior year
Spent
$6.2M
To programs
100%
Net assets
$8K
By yearFY2021–FY2024
Revenue
$6.2M
FY2024▲ +12%
Tap a bar for its year
Revenue by fiscal year
FY2021$1.0M
FY2021$8K
FY2023$5.6M
FY2024$5.6M
FY2024$6.2M
Expenses
$6.2M
FY2024▲ +12%
Tap a bar for its year
Expenses by fiscal year
FY2021$1.0M
FY2021$124
FY2023$5.6M
FY2024$5.6M
FY2024$6.2M
Net assets
$8K
FY2024▼ -45%
Tap a bar for its year
Net assets by fiscal year
FY2021$11K
FY2021$19K
FY2023$12K
FY2024$14K
FY2024$8K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1981.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $6.2M Management & general 0% · $16K

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

61 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Houston Ballet Foundation Chairman
$0Pt VII · Sec A
Treasurer /Bravo Events
$0Pt VII · Sec A
Houston Ballet Foundation President
$0Pt VII · Sec A
Communication/Social Media
$0Pt VII · Sec A
Houston Ballet Student Matinees, Special Advisors, Spring Coffee
$0Pt VII · Sec A
Social Events
$0Pt VII · Sec A
Social Events
$0Pt VII · Sec A
See Houston Ballet Guild 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Raises funds and educates the public to support the Houston Ballet Foundation and generate interest in dance.

Questions for Houston Ballet Guild INC

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Provided by the organization

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1 program · $6.2M · in their own filed words · FY2024
01

Fundraising activities and programs to aid in the financial support of houston ballet foundation and to educate and generate interest in dance.

$6.2Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 5 grants · $23.5M · 2020–2024
Houston Ballet FoundationTX · FY2024$6,194,714
Houston Ballet FoundationTX · FY2023$5,539,719
Houston Ballet FoundationTX · FY2022$5,575,796
Houston Ballet FoundationTX · FY2021$5,117,885
Houston Ballet FoundationTX · FY2020$1,033,547

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$6.2M
Ln 12
Other incomeLn 4–11$4.8M
Gifts and grantsLn 1h$1.5M
Money outPt IX
$6.2M
Ln 25
Programscol B$6.2M
Managementcol C$16K
Owns and owesPt X
$8K
net assets · Ln 32
Cash and savingsLn 1–2$8K
Total assetsLn 16$8K
LiabilitiesLn 26$0
PeoplePt VI, VII
61
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.5M
Noncash giftsLn 1g$51K
Fundraising eventsLn 1c$1.4M
Other incomeLn 4–11$4.8M
Total revenueLn 12$6.2M
Assets in detailPt X, end of year
CashLn 1$8K
Cash and savings togetherLn 1–2$8K
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$8K
LiabilitiesLn 26$0
Net assetsLn 32$8K
OperationsPt I, VI
EmployeesI 50
VolunteersI 6750
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$14K$8K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$14K$8K
LiabilitiesLn 26$0$0
Net assetsLn 32$14K$8K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$6.2M$6.2M
Other fees for servicesLn 11g$0$0$0$0
Office expensesLn 13$3K$3K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$11K$11K
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$6.2M$6.2M$16K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $5.6M$5.6M$2K$14K 990 PDF
FY2023 $5.6M$5.6M−$39$12K 990 PDF
FY2022 Not on file
FY2021 $1.0M$1.0M−$10K$11K 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 FY2024 990 (6 parts)
Part I · Summary $6,210,741 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,333,322$1,450,140
I-9 Program service revenue$0
I-10 Investment incomePrior year $165$0
I-11 Other revenuePrior year $4,219,398$4,760,601
I-12 Total revenuePrior year $5,552,885$6,210,741
I-13 Grants and similar amounts paidPrior year $5,539,719$6,194,714
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $11,220$16,027
I-18 Total expensesPrior year $5,550,939$6,210,741
I-19 Revenue less expensesPrior year $1,946$0
Part VI · Governance 4 of 4 board members independent, 1 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-2 Family or business relationship among officers or directorsYes
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 $6,210,741 across 8 lines filed
Lines not itemized here account for $12,160 of total revenue; see the IRS return.
VIII-1b Membership dues$33,635
VIII-1c Fundraising events$1,415,993
VIII-1f All other contributions, gifts and grants$512
VIII-1g Noncash contributions (included above)$50,983
VIII-1h Total contributions, gifts and grants$1,450,140
VIII-8 Net income from fundraising eventsExcluded from tax $4,748,106$4,748,106
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $335$335
VIII-12 Total revenueRelated to mission $335 · Unrelated business $0 · Excluded from tax $4,760,266$6,210,741
Part IX · Statement of functional expenses $6,210,741 across 6 lines filed
IX-1 Grants to domestic organizationsPrograms $6,194,714$6,194,714
IX-11g Other fees for servicesPrograms $0 · Management $0 · Fundraising $0$0
IX-13 Office expensesManagement $2,886$2,886
IX-23 InsuranceManagement $2,000$2,000
IX-24 Other expenses (24a–d)Management $11,141$11,141
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $6,194,714 · Management $16,027 · Fundraising $0$6,210,741
Part X · Balance sheet $7,593 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $13,898$7,593
X-10c Land, buildings and equipment, netStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $13,898$7,593
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $13,898$7,593
X-33 Total liabilities and net assetsStart of year $13,898$7,593
Part XI · Reconciliation of net assets $7,593 net assets at year end
XI-1 Total revenue$6,210,741
XI-2 Total expenses$6,210,741
XI-3 Revenue less expenses$0
XI-4 Net assets at start of year$13,898
XI-9 Other changes in net assets−$6,305
XI-10 Net assets at end of year$7,593

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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