2024-07-29T10:04:45-05:00 2022-12-31 131655065 LUTZ AND CARR CPAS LLP 551 FIFTH AVENUE SUITE 400 NEW YORK NY 10176 990 2022-01-01 131882106 BALLET THEATRE FOUNDATION INC BALL 2124773030 890 BROADWAY 3RD FLOOR NEW YORK NY 10003 BARRY HUGHSON EXECUTIVE DIRECTOR 2124773030 2024-07-21 1 0 MICHAEL WALLACE P00881958 2126972299 2022 2024-08-08 14:25:15Z X AMERICAN BALLET THEATRE BARRY HUGHSON 890 BROADWAY 3RD FLOOR NEW YORK NY 10003 45697723 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. 37 34 734 59 0 0 46231788 21171769 8482351 15528304 1400720 670773 127175 73626 56242034 37444472 509823 538401 0 0 17861004 26007399 239846 373287 2772439 10882103 19307968 29492776 46227055 26749258 -8782583 91391905 74870943 15579134 14430116 75812771 60440827 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 30143592 9632335 SEASONS:IN 2022, 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 DON QUIXOTE, OF LOVE AND RAGE, SWAN LAKE, ROMEO AND JULIET, AND MIXED REPERTORY WORKS INCLUDING THEME AND VARIATIONS, ZIG-ZAG, AND SINGLE EYE. ABT PRESENTED FIVE PERFORMANCES OF WHIPPED CREAM AND SIX REPERTORY PROGRAMS FOR TWO WEEKS IN 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. 3063681 1362500 TOURING: ABT'S TOURING BRINGS CLASSICAL BALLET TO AUDIENCES ACROSS THE COUNTRY AND AROUND THE WORLD. TOURING IN 2022 INCLUDED A REGULAR RESIDENCY AT THE JOHN F. KENNEDY CENTER FOR THE PERFORMING ARTS IN WASHINGTON, DC. ADDITIONAL TOURING IN 2022 INCLUDED PERFORMANCES AT THE SEGERSTROM CENTER FOR THE ARTS IN COSTA MESA, CALIFORNIA, THE MAHALIA JACKSON THEATER IN NEW ORLEANS, LOUSIANA, AND CHRYSLER HALL IN NORFOLK, VIRGINIA. 5881710 538400 4532427 EDUCATIONAL TRAINING AND OUTREACH: IN 2022, 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 20 NYC SCHOOLS ENGAGING OVER 2,500 STUDENTS. ABT'S STUDENT TRAINING PROGRAMS INCLUDE THE JACQUELINE KENNEDY ONASSIS SCHOOL (346 STUDENTS); SUMMER INTENSIVES HELD IN-PERSON (436 STUDENTS) AND ABT STUDIO COMPANY (12 STUDENTS), A PRE-PROFESSIONAL PROGRAM. ABT'S TEACHER TRAINING PROGRAM (ABT NATIONAL TRAINING CURRICULUM) HAD 167 NEWLY CERTIFIED TEACHERS ENROLLED IN ITS 2022 COURSES. TO DATE, THE PROGRAM HAS CERTIFIED OVER 3,000 TEACHERS IN 49 STATES AND 46 COUNTRIES. 39088983 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 1 198 0 1 734 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 37 34 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 SECRETARY 5.00 X X 0 0 0 STEWART SMITH TREASURER 5.00 X X 0 0 0 FRANCESCA MACARTNEY BEALE TRUSTEE 1.00 X 0 0 0 ALISON BERNSTEIN 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 SHARI 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 RUTGER VON POST TRUSTEE 1.00 X 0 0 0 DOUGLAS TABISH 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 CEO / EXECUTIVE DIRECTOR 40.00 X X 482484 0 35027 SUSAN JAFFE ARTISTIC DIRECTOR AS OF 12/1/22 40.00 X X 73796 0 0 KEVIN MCKENZIE ARTISTIC DIRECTOR THROUGH 12/1/22 40.00 X X 464547 0 15877 SHAWN DAVIDSON CHIEF FINANCIAL OFFICER 40.00 X 234163 0 31656 STACY MARGOLIS CHIEF DEVELOPMENT OFFICER 40.00 X 179481 0 288 DAVID LANSKY GENERAL MANAGER 40.00 X 225736 0 11887 KYLE RIDAUGHT HEAD OF BUSINESS OPERATIONS 40.00 X 230731 0 15877 CHERYL KOHN SENIOR DIRECTOR, DEVELOPMENT 40.00 X 209520 0 15877 GODWIN FARRUGIA SENIOR DIRECTOR OF FINANCE 40.00 X 179890 0 13231 LOURDES LIZ CHIEF MARKETING DIRECTOR 40.00 X 224281 0 15877 2504629 0 155597 35 0 1 0 BILLUPS INC PO BOX 22012 NEW YORK NY 100872012 ADVERTISING 1084240 ROYAL OPERA HOUSE CONVENT GARDEN LONDON ENGLAND WC2E LONDON UK THEATRICAL PRODUCTIONS 442829 CLARK TRANSFER INC 800A PAXTON STREET HARRISBURG PA 171041647 SHIPPING 414235 CAPACITY INTERACTIVE CONSULTING LLC 1239 BROADWAY SUITE 1103 NEW YORK NY 10001 TRANSPORTATION 397900 UNDERHILL PRODUCTIONS LLC 20 GRAND AVE UNIT 302 BROOKLYN NY 11205 PRODUCTION SERVICE 366693 31 1473092 2221000 17477677 1290207 21171769 PERFORMANCE RECEIPTS 711120 10994842 10994842 TUITION INCOME 611710 3769433 3769433 PROGRAM FEES - EDUCATION 611710 564636 564636 HOUSING INCOME 711120 158844 158844 COSTUME RENTAL 711120 40549 40549 15528304 859182 859182 4587 4587 7197848 7386257 -188409 -188409 -188409 786318 1473092 786318 0 57527 80676 -23149 -23149 92188 22107 70081 92188 37444472 15527262 0 745441 442818 442818 95583 95583 1551283 567853 797863 185567 17562183 15368510 1197984 995689 793582 793582 4300225 3952785 196370 151070 1800126 1622521 78159 99446 163008 68834 64974 29200 71777 71777 373287 373287 120262 120262 1824557 482377 1208596 133584 2554503 2554503 208960 129456 32103 47401 120896 53073 50968 16855 353989 353989 1439980 1334046 49754 56180 1896033 1832541 38155 25337 378991 224689 55151 99151 1745824 1708564 14400 22860 172109 104986 20653 46470 VENUE LABOR & RENTAL 4727109 4727109 PRODUCTION 920026 920026 CREDIT CARD & BANK FEES 806231 660652 35725 109854 SHOES AND TIGHTS 422153 422153 1381560 668333 332739 380488 46227055 39088983 4365633 2772439 34611791 23020775 123374 108705 15084054 15410700 676547 935252 76813 9064 1860816 2246845 25355662 20731308 5288141 4624354 30666792 24397131 3003577 4118117 91391905 74870943 4353533 3504169 1237508 1341063 7988093 7999084 2000000 0 0 1585800 15579134 14430116 X 17198752 13247451 58614019 47193376 75812771 60440827 91391905 74870943 X -8782583 -5140928 -1448433 X 0 1 X 1 0 X 24282900 22278176 22067546 46231788 19723336 134583746 24282900 22278176 22067546 46231788 19723336 134583746 13373796 121209950 800994 803770 637908 858403 863769 3964844 244726 159690 1054687 53477 92188 1604768 140153358 80420220 0.86480 0.86580 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 30866792 122571 -4599399 1750000 120262 24519702 26365262 700000 3937345 135815 30866792 24202403 602476 2797829 1120000 117446 26365262 21449565 4229566 1360000 116728 24202403 22113012 1750000 -1611229 685000 117218 21449565 0.21418 0.73013 0.05569 0 0 1238635 1238635 0 4464075 2790558 1673517 1897928 1423586 474342 17755024 15278529 2476495 4624354 RESERVE FUND - CONDOMINIUM ASSOCIATION 204000 BENEFICIAL INTERESTS IN REMAINDER TRUSTS 2411339 OPERATING LEASE RIGHT-OF-USE ASSETS 1502778 4118117 OPERATING LEASE LIABILITIES 1585800 1585800 30734849 -5140928 -1448433 -6589361 37324210 120262 120262 37444472 46106793 0 46106793 120262 120262 46227055 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 -1,448,433. 1 EAST ASIA AND THE PACIFIC 0 10 PROGRAM SERVICES GRANT 53620 EUROPE 0 7 PROGRAM SERVICES GRANT 23513 NORTH AMERICA 0 2 PROGRAM SERVICES GRANT 12150 SOUTH AMERICA 0 1 PROGRAM SERVICES GRANT 6300 NORTH AMERICA 0 1 PROGRAM SERVICES TEACHER 13890 EUROPE 0 1 PROGRAM SERVICES TEACHER 4723 EAST ASIA AND THE PACIFIC 0 1 PROGRAM SERVICES TEACHER 2856 CENTRAL AMERICA AND THE CARIBBEAN 0 1 PROGRAM SERVICES OTHER ARTISTIC SERVICES 1120 NORTH AMERICA 0 2 PROGRAM SERVICES OTHER ARTISTIC SERVICES 50289 EUROPE 0 2 PROGRAM SERVICES OTHER ARTISTIC SERVICES 3812 EUROPE 0 8 PROGRAM SERVICES ROYALTIES 69776 NORTH AMERICA 0 1 PROGRAM SERVICES ROYALTIES 26268 SUB-SAHARAN AFRICA 0 1 PROGRAM SERVICES ROYALTIES 1750 EUROPE 0 1 PROGRAM SERVICES SET DESIGN 35249 0 24 0 15 0 39 118172 187144 305316 SCHOLARSHIPS EAST ASIA AND THE PACIFIC 5 22150 TUITION ASSISTANCE BOOK VALUE SCHOLARSHIPS EUROPE 5 19263 TUITION ASSISTANCE BOOK VALUE SCHOLARSHIPS NORTH AMERICA 1 12150 TUITION ASSISTANCE BOOK VALUE STIPENDS EAST ASIA AND THE PACIFIC 6 31470 CHECK STIPENDS EUROPE 1 4250 CHECK STIPENDS SOUTH AMERICA 1 6300 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. PART III ACCOUNTING METHOD: X X X X X X X 1 BUCKLEY HALL EVENTS 17-19 MARBLE AVE PLEASANTVILLE NY 10570 GALA EVENT PLANNER 0 2259410 171635 2087775 SD&A TELESERVICES 5757 WEST CENTURY BLVD 300 LOS ANGELES CA 90045 TELEFUNDRAISING TO CURRENT AND FORMER DONORS 0 220114 201652 18462 2479524 373287 2106237 NY CA CT FL NJ OH IL PA VA FALL GALA 918750 603994 314756 314756 SPRING GALA 1337570 866008 471562 471562 1 3090 3090 2259410 1473092 786318 786318 786318 0 1 SCHOLARSHIPS 86 109203 333615 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 CEO / EXECUTIVE DIRECTOR 482484 0 0 0 0 0 0 0 35027 0 517511 0 0 0 KEVIN MCKENZIE ARTISTIC DIRECTOR THROUGH 12/1/22 464547 0 0 0 0 0 0 0 15877 0 480424 0 0 0 SHAWN DAVIDSON CHIEF FINANCIAL OFFICER 234163 0 0 0 0 0 0 0 31656 0 265819 0 0 0 STACY MARGOLIS CHIEF DEVELOPMENT OFFICER 179481 0 0 0 0 0 0 0 288 0 179769 0 0 0 DAVID LANSKY GENERAL MANAGER 225736 0 0 0 0 0 0 0 11887 0 237623 0 0 0 KYLE RIDAUGHT HEAD OF BUSINESS OPERATIONS 230731 0 0 0 0 0 0 0 15877 0 246608 0 0 0 CHERYL KOHN SENIOR DIRECTOR, DEVELOPMENT 209520 0 0 0 0 0 0 0 15877 0 225397 0 0 0 GODWIN FARRUGIA SENIOR DIRECTOR OF FINANCE 179890 0 0 0 0 0 0 0 13231 0 193121 0 0 0 LOURDES LIZ CHIEF MARKETING DIRECTOR 224281 0 0 0 0 0 0 0 15877 0 240158 0 0 0 X 17 1093367 FMV X GYM MEMBERSHIPS 65 195000 MEMBERSHIP VALUE X AIR TICKETS 1 1840 AA VALUE TICKETS 0 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 COPY OF THE FINAL VERSION OF THE RETURN WAS EMAILED TO EVERY MEMBER OF THE BOARD OF GOVERNING TRUSTEES FOR A ONE WEEK REVIEW AND COMMENT PERIOD BEFORE 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 -1,448,433. FORM 990, PAGE 1, SECTION B, AMENDED RETURN THE FOLLOWING INFORMATION IN THIS 2022 FORM 990 FOR THE YEAR ENDED DECEMBER 31, 2022 HAS BEEN REVISED BASED ON THE COMPLETION OF THE INDEPENDENT AUDIT OF THE ORGANIZATION'S FINANCIAL STATEMENTS. THE AMENDED RETURN CONTAINS CHANGES TO PARTS I THROUGH XII, SCHEDULES A, D, F, G, AND I THAT CONFORM TO THE ORGANIZATION'S COMPLETED FINANCIAL STATEMENT.