2024-11-14T10:51:22-06:00 2023-12-31 131655065 LUTZ AND CARR CPAS LLP 551 FIFTH AVENUE SUITE 400 NEW YORK NY 10176 990 2023-01-01 131882106 BALLET THEATRE FOUNDATION INC BALL 2124773030 890 BROADWAY 3RD FLOOR NEW YORK NY 10003 BARRY HUGHSON EXECUTIVE DIRECTOR 2124773030 2024-11-13 1 0 MICHAEL WALLACE P00881958 2126972299 2023 2024-10-15 13:58:12Z AMERICAN BALLET THEATRE BARRY HUGHSON 890 BROADWAY 3RD FLOOR NEW YORK NY 10003 47628100 0 X WWW.ABT.ORG X 1947 NY THE FOUNDATION'S BALLET COMPANY, AMERICAN BALLET THEATRE, DESIGNATED BY CONGRESSIONAL RESOLUTION IN 2006 AS AMERICA'S NATIONAL BALLET COMPANY, PRESENTS THE GREAT REPERTOIRE OF FULL-LENGTH BALLETS, ONE-ACT CLASSICS AND PIONEERING NEW WORKS TO AUDIENCES ACROSS THE COUNTRY AND AROUND THE WORLD. 34 33 699 33 0 0 21171769 13663426 15528304 20643996 670773 1325952 73626 245109 37444472 35878483 538401 865489 0 0 26007399 31379726 373287 269751 3407838 19307968 22674285 46227055 55189251 -8782583 -19310768 74870943 75456104 14430116 31778276 60440827 43677828 X TO CREATE, TO PRESENT, TO PRESERVE, AND TO EXTEND THE GREAT REPERTOIRE OF CLASSICAL DANCING THROUGH EXCITING PERFORMANCES AND EDUCATIONAL PROGRAMMING OF THE HIGHEST QUALITY, PRESENTED TO THE WIDEST POSSIBLE AUDIENCE. AMERICAN BALLET THEATRE IS COMMITTED TO ITS TRADITION OF EXCELLENCE AND ITS LEADERSHIP ROLE AS AMERICA'S NATIONAL BALLET COMPANY. 0 0 32442432 11458522 SEASONS:IN 2023, ABT PRESENTED 7 WEEKS OF PERFORMANCES IN NEW YORK CITY AND 2 WEEKS OF PERFORMANCES IN COSTA MESA, CALIFORNIA. THE FIVE-WEEK SPRING METROPOLITAN OPERA HOUSE SEASON REPERTORY INCLUDED THE FULL-LENGTH BALLETS OF LIKE WATER FOR CHOCOLATE, GISELLE, SWAN LAKE, AND ROMEO AND JULIET. ABT PRESENTED A COMBINATION OF CLASSICAL AND CONTEMPORARY ONE-ACT BALLETS FOR TWO WEEKS IN LATE OCTOBER AT THE DAVID H. KOCH THEATER AT LINCOLN CENTER. IN DECEMBER, ABT PRESENTED THE NUTCRACKER FOR TWO WEEKS AT THE SEGERSTROM CENTER FOR THE ARTS IN COSTA MESA, CALIFORNIA. 8253275 4242253 TOURING: ABT'S TOURING BRINGS CLASSICAL BALLET TO AUDIENCES ACROSS THE COUNTRY AND AROUND THE WORLD. TOURING IN 2023 INCLUDED A REGULAR RESIDENCY AT THE JOHN F. KENNEDY CENTER FOR THE PERFORMING ARTS IN WASHINGTON, DC. ADDITIONAL TOURING IN 2023 INCLUDED PERFORMANCES AT THE SEGERSTROM CENTER FOR THE ARTS IN COSTA MESA, CALIFORNIA; THE STALLER CENTER IN STONY BROOK, NEW YORK; DURHAM PERFORMING ARTS CENTER AT DUKE UNIVERSITY IN DURHAM, NC; THE AUDITORIUM THEATRE IN CHICAGO, ILLINOIS; THE GAILLARD CENTER IN CHARLESTON, SOUTH CAROLINA; THE LIED CENTER FOR THE PERFORMING ARTS AT THE UNIVERSITY OF NEBRASKA IN LINCOLN, NEBRASKA; THE HANCHER AUDITORIUM AT THE UNIVERSITY OF IOWA IN IOWA CITY, IOWA; (CONTINUED ON SCH O)THE FILENE CENTER AT THE WOLF TRAP NATIONAL PARK FOR THE PERFORMING ARTS IN VIENNA, VIRGINIA; THE SHANGHAI GRAND THEATRE IN SHANGHAI CHINA; AND THE NATIONAL CENTER FOR THE PERFORMING ARTS IN BEIJING CHINA. 7247899 865489 5099814 EDUCATIONAL TRAINING AND OUTREACH: IN 2023, AMERICAN BALLET THEATRE'S DEPARTMENT OF EDUCATION AND TRAINING REACHED OVER 40,000 INDIVIDUALS THROUGH ITS PROGRAMS. ABT'S PRIMARY OUTREACH PROGRAM IS ABT AT SCHOOL: SERVING 19 NYC SCHOOLS ENGAGING OVER 2,500 STUDENTS. ABT'S STUDENT TRAINING PROGRAMS INCLUDE THE JACQUELINE KENNEDY ONASSIS SCHOOL (335 STUDENTS); SUMMER INTENSIVES HELD IN-PERSON (600 STUDENTS) AND ABT STUDIO COMPANY (12 STUDENTS), A PRE-PROFESSIONAL PROGRAM. ABT'S TEACHER TRAINING PROGRAM (ABT NATIONAL TRAINING CURRICULUM) HAD 113 NEWLY CERTIFIED TEACHERS ENROLLED IN ITS 2023 COURSES. TO DATE, THE PROGRAM HAS CERTIFIED OVER 3,000 TEACHERS IN 49 STATES AND 50 COUNTRIES. 47943606 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 0 1 0 1 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 40 0 1 699 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 34 33 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY CA CT FL NJ OH IL PA VA X X THE ORGANIZATION 2124773030 890 BROADWAY NEW YORK NY 10003 ANDREW F BARTH CHAIRMAN 5.00 X X 0 0 0 SHARON PATRICK VICE CHAIRMAN 5.00 X X 0 0 0 SARAH ARISON PRESIDENT 5.00 X X 0 0 0 MELISSA A SMITH TREASURER 5.00 X X 0 0 0 STEWART SMITH SECRETARY 5.00 X X 0 0 0 FRANCESCA MACARTNEY BEALE TRUSTEE 1.00 X 0 0 0 HAMISH BOWLES TRUSTEE 1.00 X 0 0 0 VALENTINO D CARLOTTI TRUSTEE 1.00 X 0 0 0 SUSAN FALES-HILL TRUSTEE 1.00 X 0 0 0 PAMELA FORD TRUSTEE 1.00 X 0 0 0 GWENDOLYN M FRAGOMEN TRUSTEE 1.00 X 0 0 0 JAMES HEXTER TRUSTEE 1.00 X 0 0 0 ANGELA H HO TRUSTEE 1.00 X 0 0 0 YONGSOO HUH TRUSTEE 1.00 X 0 0 0 WENDY EVANS JOSEPH TRUSTEE 1.00 X 0 0 0 SHELLY LONDON TRUSTEE 1.00 X 0 0 0 ALISSA HSU LYNCH TRUSTEE 1.00 X 0 0 0 PAULA MAHONEY TRUSTEE 1.00 X 0 0 0 NANCY MCCORMICK TRUSTEE 1.00 X 0 0 0 KARA MOORE TRUSTEE 1.00 X 0 0 0 PATRICIA R MORTON TRUSTEE 1.00 X 0 0 0 MICHAEL PAULL TRUSTEE 1.00 X 0 0 0 RICHARD PEPPERMAN TRUSTEE 1.00 X 0 0 0 DMITRI POTISHKO TRUSTEE 1.00 X 0 0 0 JANINE RACANELLI TRUSTEE 1.00 X 0 0 0 JENNA SEGAL TRUSTEE 1.00 X 0 0 0 SHARAREH SIADAT TRUSTEE 1.00 X 0 0 0 BETH CHARTOFF SPECTOR TRUSTEE 1.00 X 0 0 0 SUTTON STRACKE TRUSTEE 1.00 X 0 0 0 DOUGLAS TABISH TRUSTEE 1.00 X 0 0 0 RUTGER VON POST TRUSTEE 1.00 X 0 0 0 JOHN L WARDEN TRUSTEE 1.00 X 0 0 0 DOUGLAS C WURTH TRUSTEE 1.00 X 0 0 0 JANET ROLLE TO 112023 CEO & EXEC. DIRECTOR 40.00 X X 619416 0 43399 SUSAN JAFFE ARTISTIC DIR. & INTERIM EXEC. DIR. 40.00 X X 473068 0 14435 SHAWN DAVIDSON CHIEF FINANCIAL OFFICER 40.00 X 210476 0 35130 STACY MARGOLIS CHIEF ADVANCEMENT OFFICER 40.00 X 316211 0 755 LOURDES LIZ CHIEF MARKETING DIRECTOR 40.00 X 270988 0 17157 HERMAN CORNEJO PRINCIPAL DANCER 40.00 X 234092 0 20489 GILLIAN ELIZABETH MURPHY PRINCIPAL DANCER 40.00 X 228411 0 22765 HEE SEO PRINCIPAL DANCER 40.00 X 222901 0 20567 PAUL STEARNS PRINCIPAL DANCER 40.00 X 216393 0 20461 2791956 0 195158 40 0 1 0 BILLUPS INC PO BOX 22012 NEW YORK NY 100872012 ADVERTISING 841886 CLARK TRANSFER INC 800A PAXTON STREET HARRISBURG PA 171041647 SHIPPING 568981 BEIJING LEAD HOLIDAY INTERNATIONAL TRAVE SHENGGU MID-ROAD CHAOYANG DISTRICT BEIJING CH TRANSPORTATION 490000 CAPACITY INTERACTIVE CONSULTING LLC 1239 BROADWAY SUITE 1103 NEW YORK NY 10001 TRANSPORTATION 375880 ROBERT HALF FINANCE & ACCOUNTING PO BOX 743295 LOS ANGELES CA 900743295 TEMP STAFFING AGENCY 340884 27 1716858 189090 11757478 1313872 13663426 PERFORMANCE RECEIPTS 711120 15589705 15589705 TUITION INCOME 611710 4193630 4193630 PROGRAM FEES - EDUCATION 611710 490694 490694 HOUSING INCOME 711120 347367 347367 COSTUME RENTAL 711120 22600 22600 20643996 625386 625386 4111 4111 11428898 10728332 700566 700566 700566 1007123 1716858 1007123 0 29335 14162 15173 15173 225825 141420 84405 225825 35878483 20800589 0 1414468 608554 608554 256935 256935 1712891 487503 908421 316967 21386721 19250664 994474 1141583 1000575 1000575 5046213 4780794 92785 172634 2233326 1962355 147124 123847 462707 295525 51475 115707 68966 68966 269751 269751 126496 126496 1465090 511232 810111 143747 2617850 2617850 296768 207318 41861 47589 198027 59168 113791 25068 506664 506664 2009215 1896466 49471 63278 3619440 3540247 23486 55707 693020 403476 110956 178588 1549840 1459162 33413 57265 314957 192124 37795 85038 VENUE LABOR & RENTAL 4723893 4723893 PRODUCTION 1632845 1632845 CREDIT CARD & BANK FEES 931857 784750 18316 128791 DONOR CULTIVATION 347004 3168 3138 340698 1109646 762338 205728 141580 55189251 47943606 3837807 3407838 23020775 14233473 108705 112074 15410700 6532909 935252 886326 9064 26973 2246845 1554023 26974129 22281148 4624354 4692981 24397131 27925375 4118117 19491970 74870943 75456104 3504169 4992162 1341063 985990 7999084 9000000 1585800 16800124 14430116 31778276 X 13247451 10895072 47193376 32782756 60440827 43677828 74870943 75456104 X -19310768 2697769 -150000 X 0 1 X 1 0 X 22278176 22067546 46231788 19723336 13513426 123814272 22278176 22067546 46231788 19723336 13513426 123814272 9026713 114787559 803770 637908 858403 863769 630682 3794532 159690 1054687 53477 92188 225825 1585867 129194671 74496196 0.88850 0.86480 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 24519702 0 3832858 1300000 126496 26926064 30866792 122571 -4599399 1750000 120262 24519702 26365262 700000 3937345 135815 30866792 24202403 602476 2797829 1120000 117446 26365262 21449565 4229566 1360000 116728 24202403 0.21430 0.66490 0.12080 0 0 1238635 1238635 0 4472250 2955857 1516393 2024230 1574017 450213 19239014 16512639 2726375 4692981 RESERVE FUND - CONDOMINIUM ASSOCIATION 204000 BENEFICIAL INTERESTS IN REMAINDER TRUSTS 2570060 OPERATING LEASE RIGHT-OF-USE ASSETS 16717910 19491970 OPERATING LEASE LIABILITIES 16800124 16800124 38299756 2697769 -150000 2547769 35751987 126496 126496 35878483 55062755 0 55062755 126496 126496 55189251 PART V, LINE 4: THE ENDOWMENT FUNDS' USES INCLUDE SUPPORT FOR NATIONAL RESIDENCY; CLASSICAL WORKS; NEW WORKS AND TRAINING SCHOLARSHIPS. THE ENDOWMENT FUNDS ALSO SUPPORT OPERATING EXPENSES. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVERSAL OF PRIOR YEAR RESTRICTED PLEDGES -150,000. 1 CENTRAL AMERICA AND THE CARIBBEAN 0 2 PROGRAM SERVICES GRANT 5650 EAST ASIA AND THE PACIFIC 0 19 PROGRAM SERVICES GRANT 95675 EUROPE 0 13 PROGRAM SERVICES GRANT 34700 NORTH AMERICA 0 24 PROGRAM SERVICES GRANT 59835 RUSSIA AND NEIGHBORING STATES 0 4 PROGRAM SERVICES GRANT 15050 SOUTH AMERICA 0 10 PROGRAM SERVICES GRANT 46025 NORTH AMERICA 0 1 PROGRAM SERVICES TEACHER 10036 EUROPE 0 3 PROGRAM SERVICES TEACHER 23795 EAST ASIA AND THE PACIFIC 0 1 PROGRAM SERVICES TEACHER 7039 EAST ASIA AND THE PACIFIC 0 2 PROGRAM SERVICES OTHER ARTISTIC SERVICES 2115 NORTH AMERICA 0 2 PROGRAM SERVICES OTHER ARTISTIC SERVICES 39981 EUROPE 0 8 PROGRAM SERVICES OTHER ARTISTIC SERVICES 107778 EUROPE 0 6 PROGRAM SERVICES ROYALTIES 106961 NORTH AMERICA 0 2 PROGRAM SERVICES ROYALTIES 7268 MIDDLE EAST AND NORTH AFRICA 0 1 PROGRAM SERVICES ROYALTIES 6750 EUROPE 0 1 PROGRAM SERVICES SET DESIGN 49905 0 76 0 23 0 99 290766 327797 618563 SCHOLARSHIPS CENTRAL AMERICA AND THE CARIBBEAN 2 5650 TUITION ASSISTANCE BOOK VALUE SCHOLARSHIPS EAST ASIA AND THE PACIFIC 13 63375 TUITION ASSISTANCE BOOK VALUE SCHOLARSHIPS EUROPE 13 34700 TUITION ASSISTANCE BOOK VALUE SCHOLARSHIPS NORTH AMERICA 22 55835 TUITION ASSISTANCE BOOK VALUE SCHOLARSHIPS RUSSIA AND NEIGHBORING STATES 4 15050 TUITION ASSISTANCE BOOK VALUE SCHOLARSHIPS SOUTH AMERICA 7 37975 TUITION ASSISTANCE BOOK VALUE STIPENDS EAST ASIA AND THE PACIFIC 6 32300 CHECK STIPENDS NORTH AMERICA 2 4000 CHECK STIPENDS SOUTH AMERICA 3 8050 CHECK 0 0 0 0 0 0 PART I, LINE 2: ABT PROVIDES SCHOLARSHIPS AND FINANCIAL AID TO BALLET STUDENTS. MERIT SCHOLARSHIP STUDENTS ARE SELECTED FROM THE JKO SCHOOL, AT JKO SCHOOL AUDITIONS AND DURING THE SUMMER INTENSIVES. X X X X X X X 1 BUCKLEY HALL EVENTS 17-19 MARBLE AVE PLEASANTVILLE NY 10570 GALA EVENT PLANNER 0 2723981 134015 2589966 SD&A TELESERVICES 5757 WEST CENTURY BLVD 300 LOS ANGELES CA 90045 TELEFUNDRAISING TO CURRENT AND FORMER DONORS 0 220000 135736 84264 2943981 269751 2674230 NY CA CT FL NJ OH IL PA VA FALL GALA 1188955 833935 355020 355020 SPRING GALA 1252323 756822 495501 495501 1 282703 126101 156602 156602 2723981 1716858 1007123 1007123 1007123 0 1 SCHOLARSHIPS 193 106450 502104 BOOK VALUE TUITION ASSISTANCE PART I, LINE 2: ABT PROVIDES SCHOLARSHIPS TO BALLET STUDENTS. MERIT SCHOLARSHIP STUDENTS ARE SELECTED FROM THE JKO SCHOOL, AT JKO SCHOOL AUDITIONS AND DURING THE SUMMER INTENSIVES. THE JKO SCHOOL RECRUITS DANCERS FROM ACROSS THE COUNTRY AND AROUND THE WORLD. STUDENTS ARE FORMALLY EVALUATED ON A SEMI-ANNUAL BASIS AND MUST REAPPLY ANNUALLY. SCHOLARSHIPS AND STIPENDS ARE GRANTED BASED ON MERIT. ABT ALSO ASSISTS PROMISING YOUNG DANCERS ACROSS THE COUNTRY WITH SCHOLARSHIPS SENT DIRECTLY TO THEIR LOCAL BALLET SCHOOL TO ASSIST WITH TUITION. ABT REQUIRES VERIFICATION FROM EACH STUDENT TO ENSURE THAT THE FUNDS ARE USED FOR THEIR INTENDED PURPOSE. X X X 0 0 0 0 0 0 0 0 0 JANET ROLLE TO 112023 CEO & EXEC. DIRECTOR 619416 0 0 0 0 0 0 0 43399 0 662815 0 0 0 SUSAN JAFFE ARTISTIC DIR. & INTERIM EXEC. DIR. 473068 0 0 0 0 0 0 0 14435 0 487503 0 0 0 SHAWN DAVIDSON CHIEF FINANCIAL OFFICER 210476 0 0 0 0 0 0 0 35130 0 245606 0 0 0 STACY MARGOLIS CHIEF ADVANCEMENT OFFICER 316211 0 0 0 0 0 0 0 755 0 316966 0 0 0 LOURDES LIZ CHIEF MARKETING DIRECTOR 270988 0 0 0 0 0 0 0 17157 0 288145 0 0 0 HERMAN CORNEJO PRINCIPAL DANCER 234092 0 0 0 0 0 3988 0 16501 0 254581 0 0 0 GILLIAN ELIZABETH MURPHY PRINCIPAL DANCER 228411 0 0 0 0 0 3891 0 18874 0 251176 0 0 0 HEE SEO PRINCIPAL DANCER 222901 0 0 0 0 0 4066 0 16501 0 243468 0 0 0 PAUL STEARNS PRINCIPAL DANCER 216393 0 0 0 0 0 3960 0 16501 0 236854 0 0 0 X 28 1043872 FMV X GYM MEMBERSHIPS 65 270000 MEMBERSHIP VALUE 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B ABT'S FORM 990 WAS PREPARED BY ITS INDEPENDENT AUDITOR, LUTZ & CARR, AND REVIEWED BY MANAGEMENT, INCLUDING THE EXECUTIVE DIRECTOR, CFO AND CONTROLLER. A COMPLETE COPY OF THE 990 WAS SENT TO THE BOARD PRIOR TO BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY AND AS TRUSTEES ARE ELECTED THROUGH THE YEAR, EACH TRUSTEE COMPLETES A CONFLICT OF INTEREST DOCUMENT. SENIOR MANAGEMENT ALSO COMPLETES THIS DOCUMENT. A CONFLICT EXISTS IF A TRUSTEE OR EMPLOYEE IS A DIRECTOR, TRUSTEE OR KEY EMPLOYEE OF A COMPETING ENTITY OR AN ENTITY WITH WHICH ABT DOES BUSINESS. THE AUDIT COMMITTEE REVIEWS CONFLICT OF INTEREST DOCUMENTS AND, AT ITS DISCRETION, MAY INVESTIGATE FURTHER AND IMPOSE RESTRICTIONS ON THE TRUSTEES' INVOLVEMENT IN MATTERS WHERE A CONFLICT MAY EXIST. FORM 990, PART VI, SECTION B, LINE 15 THE CHAIR AND PRESIDENT OF THE BOARD REVIEW THE COMPENSATION OF THE ARTISTIC DIRECTOR AND THE CEO / EXECUTIVE DIRECTOR IN COMPARISON TO INDUSTRY STATISTICS FOR SIMILARLY SIZED AND STRUCTURED ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 19 ABT'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: REVERSAL OF PRIOR YEAR RESTRICTED PLEDGES -150,000.