Ballet West EIN 87-0264274

Ballet West

EIN  87-0264274 Public charity (501(c)(3)) Salt Lake Cty, UT Founded 1963
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 8/9/26 · see original filing: IRS
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Size
$10–100M
What they do
Inspires and empowers communities worldwide through ballet exposure, training, and education.
Leadership
Michael Scolamiero · Executive Dir. · $308K
Money in and out
$22.5M revenue, $18.5M expenses
Bottom line
88% program efficiency

Inspires and empowers communities worldwide through ballet exposure, training, and education. For fiscal year 2025 it reported $22.5M in revenue, $18.5M in expenses, and $22.3M in net assets.Pt I

Where the money goes · FY2025
Total revenue
$22.5M
Pt VIII · Ln 12
Total expenses
$18.5M
Pt IX · Ln 25
Net assets
$22.3M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $4.1M
Where spending went · Part IX cols B–D
Program services $0.88 Management & general $0.07 Fundraising $0.05
Program efficiency
88%
of spending reaches programs▲ +3% vs prior filing year
Operating runway
7.2mo
months of highly liquid reserves at operating expense rate▲ +11% vs prior filing year
Surplus margin
+18%
revenue over expenses, this year▲ +33% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$22.5M
FY2025▲ +6%
Expenses
$18.5M
FY2025▲ +1%
Total assets
$31.9M
FY2025▲ +17%
Total liabilities
$9.6M
FY2025▲ +7%
Total revenue
$22.5M
Pt VIII · Ln 12
Total expenses
$18.5M
Pt IX · Ln 25
Net assets
$22.3M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$4.1M
Total assetsPt X · Ln 16$31.9M
Program-expense ratioPt IX · col B88%
Voting members of governing bodyPt I · Ln 335
Independent voting membersPt I · Ln 433
Mission & Programs · Part III

Where the work happens

3 program services account for $16.2M of program spending, described in the organization's own filed words · FY2024.
01

a.Ballet West presents six Main Stage productions and one Family Classics Series production every year with numerous events including intermission receptions, artist conversations, donor dinners, community outreach activities, student performances, salon events, and other special events such as the annual Spring Soiree, and I CAN DO…

$11.1Mprogram expense
02

b.Ballet West is home to the Frederick Quinney Lawson Ballet West Academy with four training campuses and approximately 1,000 students aged 3-18 in classical ballet, jazz, and tap. Students from all campuses have an opportunity to perform with main company dancers during a regular production season, providing them the rare opportunity to…

$4.8Mprogram expense
03

c.Ballet West Youth Education and Community Outreach Program serves approximately 152,000 K-12 students and teachers, special needs individuals, and other community members with engaging arts education opportunities and community outreach activities throughout the state of Utah annually, digital and/or in-person, and free-of-charge.

$343Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBallet West
EINHdr · item D87-0264274
Principal addressHdr · item CSalt Lake Cty, UT
WebsiteHdr · item Jwww.balletwest.org
Year of formationHdr · item L1963
State of legal domicileHdr · item MUT
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A630)
Ruling yearIRS BMFDec 1963

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a35
Independent voting membersPt VI · Ln 1b33
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Dir.
$307,711Pt VII · Sec A
Director
$274,680Pt VII · Sec A
$151,861Pt VII · Sec A
$136,931Pt VII · Sec A
$110,673Pt VII · Sec A
$110,356Pt VII · Sec A
$101,746Pt VII · Sec A
$0Pt VII · Sec A

Michael Scolamiero’s $308K as Executive Dir. is at the 44th 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

NameFY2025FY2024FY2023FY2021
Michael Scolamiero$307,711$265,000$253,548$172,290
Adam Sklute$274,680$265,000$260,949$219,572
Andrew Goldberg$151,861$175,000$160,000
Elizabeth Crawford$136,931$131,000$127,404$93,330
Sarah West$128,698
Michael Currey$110,673
Evelyn Cisneros-Legate$110,356$105,000$98,058
Michael Curry$110,000$96,923

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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Statement of Revenue

Part VIII
Contributions & grants$11.2M · 50%
Program service revenue$10.2M · 45%
Other revenue$776K · 3%
Investment income$390K · 2%
Contributions & grants50%$11.2M
Program service revenue45%$10.2M
Other revenue3%$776K
Investment income2%$390K
— government grantsLn 1e$2.9M
Total revenueLn 12$22.5M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.88 Management & general $0.07 Fundraising $0.05
Program services88%$16.2M
Management & general7%$1.3M
Fundraising5%$918K
Total functional expensesLn 25$18.5M

Balance Sheet

Part X · end of year
CashLn 1$6.2M
Total assetsLn 16$31.9M
Total liabilitiesLn 26$9.6M
Total net assetsLn 32$22.3M
Months of cash on handcomputed4.1

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $11.0M · Operating expenses (Pt IX) $18.5M · Less non-cash grants $189K · Cash operating expenses/yr $18.3M
7.2 months
Where the money goes
Program services
Program services $16.2M · Total expenses $18.5M
88%
Management & General
Management & general $1.3M · Total expenses $18.5M
7%
Fundraising
Fundraising $918K · Total expenses $18.5M
5%
Cost to raise $1
Fundraising expense (3-yr avg) $778K · Solicited contributions (3-yr avg) $8.2M
$0.09 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $11.2M · Total revenue $22.5M
50%
Government reliance
Government grants $2.9M · Total revenue $22.5M
13%
Earned-income share
Program service revenue $10.2M · Total revenue $22.5M
45%
Investment reliance
Investment income $390K · Total revenue $22.5M
+2%
Program self-sufficiency
Program service revenue $10.2M · Total expenses $18.5M
55%
Growth & trend
Revenue growth (YoY)
This year $22.5M · Prior year $21.2M
+6%
Revenue CAGR
FY2020 $15.2M · FY2024 $22.5M
+10%
Net-asset trend (YoY)
End of year $22.3M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $22.5M · Expenses $18.5M
+18%
Liabilities-to-Assets
Total liabilities — · Total assets $31.9M
Net-asset ratio
Net assets $22.3M · Total assets $31.9M
70%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $4.7M · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $31.9M
15%
People & payroll
Highest Reported Total Compensation
Individual Michael Scolamiero · Reported title Executive Dir. · Highest reported compensation $308K · Total expenses $18.5M
2%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $10.7M · Total expenses $18.5M
58%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 88%
Overhead ratio 7%
Fundraising cost ratio 8%
Revenue growth 6%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%
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 · funders on record
Grants received · FY2025
See all 4 funders →

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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
FY2025 (Latest)$22.5M revenue · viewing · ⤓ 990 PDF
FY2024$21.2M revenue · ⤓ 990 PDF
FY2023$19.3M revenue · ⤓ 990 PDF
FY2022not on file
FY2021$15.2M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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