Ballet Palm Beach INC

Tax-deductible

Palm Bch Gdns, FL501(c)(3)Since 2002Arts & CultureEIN 82-0569013Revenue $1.6M in FY2026

On file with the IRSballetpalmbeach.org10357 Ironwood Rd, 33410-4223 · Palm Bch Gdns, FLTax-exempt since Mar 2004Publicly supported — 509(a)(2)

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An organization committed to preserving the art of classical ballet, enriching the commmunity through the beauty of ballet, and impacting young lives through the discipline of dance.

501(c)(3) charity; gifts are tax-deductible.
82¢ of each $1 spent went to programs.
Run by 40 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2026 · 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
FY2026
latest Form 990
Looks good: the latest return is for FY2026, this tax year; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average deficit $13K a year · 1% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$81K
to officers and key staff · 5% of spending
Top officer’s pay lower than 82% of similar orgs
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.2 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
13
named funders · $189K
Looks good: 13 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$107K
179% of total assets
Concern: liabilities are 179% of assets; over 80%.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.6M
+14% vs prior year
Spent
$1.6M
To programs
82%
Net assets
−$47K
By yearFY2021–FY2026
Revenue
$1.6M
FY2026▲ +14%
Tap a bar for its year
Revenue by fiscal year
FY2021$130K
FY2022$588K
FY2023$1.0M
FY2024$1.0M
FY2025$1.4M
FY2026$1.6M
Expenses
$1.6M
FY2026▲ +27%
Tap a bar for its year
Expenses by fiscal year
FY2021$101K
FY2022$642K
FY2023$1.1M
FY2024$1.1M
FY2025$1.3M
FY2026$1.6M
Net assets
−$47K
FY2026▼ -6368%
Tap a bar for its year
Net assets by fiscal year
FY2021$59K
FY2022$5K
FY2023−$47K
FY2024−$99K
FY2025$752
FY2026−$47K

From the FY2026 Form 990 (year ending June 2026) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2026. IRS ruling in Mar 2004.

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

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $1.3M Management & general 17% · $277K Fundraising 0% · $7K

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

9 people listed on the 990; $81K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2025); the FY2026 filing did not itemize Part VII
Artistic Director
$80,860Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt 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

Colleen M Smith’s $81K as Artistic Director is at the 18th percentile of top reported officer pay among 3924 $1–10M 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 · 1 named individual · Part VII

NameFY2026FY2024FY2023FY2022
Colleen M Smith$80,860$43,800$50,000$42,000

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 Palm 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 15aNo

Programs and updates

Preserves classical ballet, enriches communities, and impacts young lives through dance.

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Provided by the organization

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1 program · $1.3M · in their own filed words · FY2025
01

An organization committed to preserving the art of classical ballet, enriching the commmunity through the beauty of ballet, and impacting young lives through the discipline of dance.

$1.3Mprogram 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
See all 13 funders →

By the numbers

The FY2026 990, line by line.

1The main four
Money inPt VIII
$1.6M
Ln 12
Gifts and grantsLn 1h$912K
Fees for servicesLn 2g$841K
Investment incomeLn 3$134
Money outPt IX
$1.6M
Ln 25
Programscol B$1.3M
Managementcol C$277K
Fundraisingcol D$7K
Owns and owesPt X
−$47K
net assets · Ln 32
Cash and savingsLn 1–2$32K
Total assetsLn 16$60K
LiabilitiesLn 26$107K
PeoplePt VI, VII
9
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$912K
Fundraising eventsLn 1c$452K
Fees for servicesLn 2g$841K
Investment incomeLn 3$134
Gains on assetsLn 7−$1K
Total revenueLn 12$1.6M
Assets in detailPt X, end of year
CashLn 1$27K
SavingsLn 2$5K
Cash and savings togetherLn 1–2$32K
Land, buildings, equipmentLn 10c$4K
Other assetsLn 15$1K
Total assetsLn 16$60K
LiabilitiesLn 26$107K
Net assetsLn 32−$47K
OperationsPt I, VI
EmployeesI 50
VolunteersI 640
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 FY26End FY26
Cash and savingsLn 1–2$94K$32K
Land, buildings, equipmentLn 10c$4K$4K
Total assetsLn 16$105K$60K
LiabilitiesLn 26$104K$107K
Net assetsLn 32$752−$47K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$14K$14K
Investment management feesLn 11f$2K$2K
Other fees for servicesLn 11g$731K$497K$228K$7K
Advertising and promotionLn 12$197K$197K
Office expensesLn 13$17K$12K$5K
OccupancyLn 16$33K$28K$5K
TravelLn 17$9K$9K
InterestLn 20$3K$3K
Depreciation, depletion and amortizationLn 22$369$369
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$544K$544K
All other expensesLn 24e$48K$34K$15K
Total functional expensesLn 25$1.6M$1.3M$277K$7K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2026 Latest Viewing $1.6M$1.6M−$48K−$47K 990 PDF
FY2025 $1.4M$1.3M$100K$752 990 PDF
FY2024 $1.0M$1.1M−$51K−$99K 990 PDF
FY2023 $1.0M$1.1M−$52K−$47K 990 PDF
FY2022 $588K$642K−$55K$5K 990 PDF
FY2021 $130K$101K$28K$59K 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 FY2026 990 (6 parts)
Part I · Summary $1,556,171 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $537,051$911,882
I-9 Program service revenuePrior year $822,698$841,489
I-10 Investment income$134
I-11 Other revenue−$197,334
I-12 Total revenuePrior year $1,359,749$1,556,171
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,260,134$1,604,061
I-18 Total expensesPrior year $1,260,134$1,604,061
I-19 Revenue less expensesPrior year $99,615−$47,890
Part VI · Governance 7 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $1,556,171 across 9 lines filed
VIII-1c Fundraising events$451,650
VIII-1d Related organizations$168,790
VIII-1f All other contributions, gifts and grants$291,442
VIII-1h Total contributions, gifts and grants$911,882
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $841,489$841,489
VIII-3 Investment incomeRelated to mission $1,226$1,226
VIII-7 Net gain or loss on sales of assetsRelated to mission −$1,092−$1,092
VIII-8 Net income from fundraising eventsUnrelated business −$197,334−$197,334
VIII-12 Total revenueRelated to mission $841,623 · Unrelated business −$197,334 · Excluded from tax $0$1,556,171
Part IX · Statement of functional expenses $1,604,061 across 12 lines filed
IX-11c Accounting feesManagement $14,422$14,422
IX-11f Investment management feesManagement $1,829$1,829
IX-11g Other fees for servicesPrograms $496,692 · Management $228,130 · Fundraising $6,580$731,402
IX-12 Advertising and promotionPrograms $197,499$197,499
IX-13 Office expensesPrograms $11,841 · Management $5,075$16,916
IX-16 OccupancyPrograms $27,743 · Management $5,000$32,743
IX-17 TravelPrograms $9,255$9,255
IX-20 InterestManagement $2,828$2,828
IX-22 Depreciation, depletion and amortizationManagement $369$369
IX-23 InsuranceManagement $4,410$4,410
IX-24 Other expenses (24a–d)Programs $544,037$544,037
IX-24e All other expensesPrograms $33,600 · Management $14,751$48,351
IX-25 Total functional expensesPrograms $1,320,667 · Management $276,814 · Fundraising $6,580$1,604,061
Part X · Balance sheet $59,561 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $93,544$26,585
X-2 Savings and temporary cash investments$5,446
X-4 Accounts receivableStart of year $6,163$10,853
X-9 Prepaid expenses and deferred charges$11,718
X-10c Land, buildings and equipment, netStart of year $3,878$3,509
X-15 Other assetsStart of year $1,450$1,450
X-16 Total assetsStart of year $105,035$59,561
X-17 Accounts payable and accrued expenses$5,000
X-24 Unsecured notes and loans payableStart of year $104,283$101,699
X-26 Total liabilitiesStart of year $104,283$106,699
X-27 Net assets without donor restrictionsStart of year $752−$47,138
X-32 Total net assets or fund balancesStart of year $752−$47,138
X-33 Total liabilities and net assetsStart of year $105,035$59,561
Part XI · Reconciliation of net assets −$47,138 net assets at year end
XI-1 Total revenue$1,556,171
XI-2 Total expenses$1,604,061
XI-3 Revenue less expenses−$47,890
XI-4 Net assets at start of year$752
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$47,138

Form 990 e-file (XML) FY2026 from the IRS · Classification, formation year and address from the IRS Business Master File

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