2024-10-22T07:18:04-05:00 2024-06-30 541149263 YOUNT HYDE & BARBOUR PC PO BOX 2560 WINCHESTER VA 226041760 990 2023-07-01 546049848 THE RICHMOND BALLET RICH 8043440906 407 E CANAL STREET RICHMOND VA 23219 MICHELLE MULLER CFO 8043440906 2024-10-18 1 0 OLIVIA A HUTTON CPA P00964688 5406623417 2024-10-18 2023 2024-10-15 13:58:12Z RICHMOND BALLET MA CONG 407 E CANAL ST RICHMOND VA 23219 11070030 0 X WWW.RICHMONDBALLET.COM X 1968 VA RICHMOND BALLET AWAKENS, UPLIFTS, AND UNITES HUMAN SPIRITS THROUGH THE POWER OF DANCE. DEDICATED TO THE EVOLUTION OF BALLET AS A VERSATILE LANGUAGE OF MOVEMENT THAT CROSSES NATIONAL AND CULTURAL BOUNDARIES, WE SEEK TO DRAW AN EVER BROADER RANGE OF ARTISTS, STUDENTS, AND AUDIENCES TO EXPERIENCE THE MAGIC OF DANCE THROUGH INSPIRING PERFORMANCES, OUTSTANDING TRAINING, AND MEANINGFUL COMMUNITY ENGAGEMENT. 25 24 161 140 47115 0 2772741 3446781 3678541 4315995 -204416 275620 -42319 -10731 6204547 8027665 280916 277322 0 0 4081170 4529331 0 0 433868 1903851 2534766 6265937 7341419 -61390 686246 10853342 14066266 667498 2646125 10185844 11420141 X THROUGH ALL OF ITS PROGRAMS, RICHMOND BALLET STRIVES TO EXPAND ACCESS TO DANCE FOR THE BENEFIT OF THE ENTIRE COMMUNITY. AT THE HEART OF THE ORGANIZATION'S MISSION, TO AWAKEN, UPLIFT, AND UNITE HUMAN SPIRITS, IS THE CONVICTION THAT THE APPETITE AND NEED FOR ARTS EXPERIENCES IS BOTH UNIVERSAL AND ETERNAL. ENGAGEMENT WITH THE ARTS CREATES SHARED EXPERIENCES THAT UNITE PEOPLE OF DIVERSE BACKGROUNDS. RICHMOND BALLET IS COMMITTED TO IDENTIFYING AND CARVING PATHWAYS THROUGH BARRIERS IN ACCESS TO THESE EXPERIENCES FOR ALL MEMBERS OF THE COMMUNITY. 0 0 4211478 2737637 PROFESSIONAL COMPANY PERFORMANCES - RICHMOND BALLET IS ONE OF VIRGINIA'S FINEST ART AND DANCE EDUCATION INSTITUTIONS AND HAS GAINED NATIONAL AND INTERNATIONAL ACCLAIM AS A PREMIER DANCE ORGANIZATION. NEARLY 40,000 PEOPLE IN AND AROUND THE RICHMOND, VA AREA JOINED RICHMOND BALLET FOR THREE REPERTORY PRODUCTIONS AS WELL AS FULL LENGTH PRODUCTIONS OF "CARMINA BURANA AND "THRIVE", "THE NUTCRACKER", AND "DRACULA." RICHMOND BALLET ALSO COMPLETED TOURS AND LECTURE DEMONSTRATIONS AT VARIOUS SCHOOLS AND LOCALITIES THROUGHOUT THE COMMONWEALTH OF VIRGINIA, INCLUDING VIRGINIA BEACH, REACHING ALMOST 25,000 STUDENTS AND OVER 4,000 COMMUNITY PATRONS. 1482988 274158 1393713 DANCE SCHOOL - THE SCHOOL OF RICHMOND BALLET OFFERS TRAINING IN A WIDE VARIETY OF DANCE FORMS, INCLUDING BALLET, MODERN, THEATER DANCE, AND CHARACTER. WITH NO AUDITION REQUIREMENT, ADMISSION TO THE SCHOOL IS INCLUSIVE. DANCE CLASSES ARE PROVIDED TO OVER 1,000 STUDENTS, AGES 4 TO ADULT, 7 DAYS A WEEK. THE SCHOOL ALSO PROVIDES ADVANCED TRAINING FOR QUALIFIED STUDENTS WHO PERFORM WITH THE BALLET'S PROFESSIONAL DANCE COMPANY. ABOUT $275,000 GIVEN IN FINANCIAL AID AND SCHOLARSHIPS HELPED OVER 100 STUDENTS PARTICIPATE IN DANCE CLASSES THIS YEAR. 464357 137530 MINDS IN MOTION (MIM) - MIM IS RICHMOND BALLET'S PRIMARY COMMUNITY ENGAGEMENT PROGRAM, REACHING ABOUT 1,000 CHILDREN FROM A RANGE OF SOCIOECONOMIC BACKGROUNDS. THIS IN-SCHOOL PROGRAM FEATURES AN ENGAGING, MOVEMENT-BASED CURRICULUM TAUGHT BY PROFESSIONAL TEACHING ARTISTS AND MUSICIANS IN SCHOOLS THROUGHOUT VIRGINIA. MIM STRIVES TO NURTURE SELF-CONFIDENCE IN STUDENTS AND ENDEAVORS TO CULTIVATE COMMUNICATION AND TEAMWORK SKILLS. TEACHING ARTISTS FOLLOW A CURRICULUM THAT GUIDES STUDENTS TOWARD MASTERY OF COMPLEX MOVEMENT, TIMING, AND CHOREOGRAPHY. THROUGH THE EXPERIENCE OF SUCCESSFUL GROUP LEARNING, STUDENTS PERCEIVE AND MODEL THE VALUE AND BENEFITS OF TEAMWORK AND RESPECTFUL COMMUNICATION. THE PROGRAM CONCLUDES WITH AN ORIGINAL PRODUCTION PRESENTED FOR A LIVE AUDIENCE, THEMED THIS YEAR AROUND EXPLORING THE EXTRAORDINARY RESOURCES OF THE CHESAPEAKE BAY, THE RELATIONSHIPS AND ECOSYSTEMS THAT EXIST IN IT, AND HOW WE CAN HELP PROTECT AND PRESERVE IT. APPROXIMATELY 50% OF PARTICIPANTS ATTEND A TITLE I SCHOOL OR A TUITION-FREE INDEPENDENT SCHOOL PRIMARILY SERVING LOW-INCOME STUDENTS. SINCE ITS INCEPTION, MIM REMAINS THE ONLY PROGRAM OF ITS KIND IN THE COMMONWEALTH OF VIRGINIA. OVER 700 STUDENTS FROM FIFTEEN PARTICIPATING SCHOOLS IN THE RICHMOND AREA CELEBRATED THEIR DANCE ACHIEVEMENTS IN A CULMINATING PERFORMANCE WITH OVER 3,500 PEERS, FAMILIES AND COMMUNITY MEMBERS IN THE AUDIENCE. THROUGH ITS RESIDENCY PROGRAM, MIM ALSO REACHED ANOTHER 125 STUDENTS AND 400 COMMUNITY MEMBERS IN PORTSMOUTH, VIRGINIA. 3164 3164 DONTATION TO RBBC. 3164 3164 6161987 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 66 0 1 161 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 25 24 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X X MICHELLE MULLER 8043440906 407 E CANAL ST RICHMOND VA 23219 MARGARET CLINARD PRESIDENT 5.00 X X 0 0 0 SELINA RAINEY VICE PRES. & PRES ELECT 2.00 X X 0 0 0 TIFFANY B ARMSTRONG TREASURER 2.00 X X 0 0 0 GAYE MONTGOMERY SECRETARY 2.00 X X 0 0 0 STONER WINSLETT ARTISTIC DIRECTOR 40.00 X X 146035 0 5535 BRETT BONDA FORMER MANAGING DIRECTOR 40.00 X X 112885 0 10365 KATHLEEN MACCIO HOLMAN CHAIRMAN 5.00 X X 0 0 0 HUNTER APPLEWHITE TRUSTEE 2.00 X 0 0 0 DAVID BERAN TRUSTEE 2.00 X 0 0 0 DANIEL BRYANT TRUSTEE 2.00 X 0 0 0 KATHERINE DUVAL TRUSTEE 2.00 X 0 0 0 MAGGIE GEORGIADIS TRUSTEE 2.00 X 0 0 0 RYAN GLASGOW TRUSTEE 2.00 X 0 0 0 PHILIP GOODPASTURE TRUSTEE 2.00 X 0 0 0 KATHRYN GRAY TRUSTEE 2.00 X 0 0 0 KEVIN GREMER TRUSTEE 2.00 X 0 0 0 CHRISTIAN KENNEDY TRUSTEE 2.00 X 0 0 0 J ROBERT MOONEY TRUSTEE 2.00 X 0 0 0 KWADWO OWUSU-AKYAW MD TRUSTEE 2.00 X 0 0 0 CAROLYN PORT MD TRUSTEE 2.00 X 0 0 0 DAPHNE MAXWELL REID TRUSTEE 2.00 X 0 0 0 MRS RICHARD S REYNOLDS III TRUSTEE 2.00 X 0 0 0 LIBBY ROBERTSON TRUSTEE 2.00 X 0 0 0 LIZ TOMS TRUSTEE 2.00 X 0 0 0 KRISTIN VOSMIK TRUSTEE 2.00 X 0 0 0 BARBARA WRIGHT TRUSTEE 2.00 X 0 0 0 MICHELLE MULLER CHIEF FINANCIAL OFFICER 40.00 X 84658 0 4647 MAYA ERHARDT EXECUTIVE DIRECTOR 40.00 X 0 0 0 MA CONG ASSOC. ARTISTIC DIRECTOR 40.00 X 116053 0 5123 459631 0 25670 3 0 1 0 RICHMOND SYMPHONY 612 E GRACE ST SUITE 401 RICHMOND VA 23219 LIVE ORCHESTRA 253677 1 303536 50092 120864 2972289 241970 3446781 PRODUCTION AND TOURS 711120 2784752 2737637 47115 SCHOOL TUITION 611600 1393713 1393713 MINDS IN MOTION 611600 137530 137530 4315995 218901 218901 10434 0 10434 10434 10434 2963347 2904495 2133 58852 -2133 56719 56719 55110 303536 135737 -80627 -80627 MISCELLANEOUS 711120 59462 59462 59462 8027665 4268880 47115 264889 3164 3164 274158 274158 515164 237578 208602 68984 3479725 2985179 254327 240219 250670 205462 30687 14521 283772 226395 38685 18692 1015 247 768 21647 21647 35361 35361 15892 3335 9609 2948 206808 206808 67549 21272 41084 5193 58011 6527 46082 5402 45957 45957 521921 488990 25963 6968 132203 128417 2786 1000 253497 240822 5070 7605 43713 34760 8510 443 OTHER PRODUCTION EXPENS 761988 761988 BUSINESS LICENSES AND A 167415 165702 1713 EDUCATION EXPENSES 122340 122340 FUNDRAISING COSTS 61605 61605 17844 2886 14670 288 7341419 6161987 745564 433868 673429 559612 672267 1892725 467318 510106 19978 35369 46545 25214 136861 154666 4205084 1954131 1843628 2250953 6920404 6673019 72912 1964602 10853342 14066266 191028 205920 403369 451856 73101 1988349 667498 2646125 X 7168499 7749337 3017345 3670804 10185844 11420141 10853342 14066266 686246 548051 0 X X 0 1 X 1 0 X 3707531 4258475 4646343 2722342 3396689 18731380 3682183 1610706 2866342 3651477 4268840 16079548 7389714 5869181 7512685 6373819 7665529 34810928 234520 170579 156760 304239 426501 1292599 0 234520 170579 156760 304239 426501 1292599 33518329 121720 67333 69184 154487 229335 642059 121720 67333 69184 154487 229335 642059 2906 27064 47115 77085 8998 33101 48969 59462 150530 7511434 5945512 7617876 6604339 8001441 35680602 0.93940 0.95260 0.01800 0.01640 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3669679 50000 436020 4155699 3281182 76782 311715 3669679 2916842 784000 -419660 3281182 2301816 125000 541783 5164 46593 2916842 1645977 751219 -67297 2350 25733 2301816 0.42000 0.44000 0.14000 0 0 132308 2207 130101 4072776 1951924 2120852 2250953 RIGHT OF USE ASSETS 1964602 1964602 LEASE LIABILITIES 1988349 1988349 X PART X, LINE 2: ACCOUNTING FOR UNCERTAIN TAX POSITIONS "MANAGEMENT EVALUATED THE BALLET'S TAX POSITIONS AND CONCLUDED THAT THE BALLET HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE CONSOLIDATED FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. WITH FEW EXCEPTIONS, THE BALLET IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES ENDING BEFORE 2020." PART V, LINE 4 THE ENDOWMENT IS CURRENTLY MADE UP OF THE STONER WINSLETT SCHOLARSHIP FUND, THE GENERAL ENDOWMENT FUND, AND THE BOARD DESIGNATED ENDOWMENT. THE SCHOLARSHIP FUND IS PERMENANTLY RESTRICTED FOR THE SUPPORT OF THE SCHOLARSHIP OF RICHMOND BALLET, "MINDS IN MOTION AND OTHER OUTREACH PROGRAMS. THE GENERAL FUND IS ALSO PERMENANTLY RESTRICTED TO AID IN THE LONG-TERM FINANCIAL WELL-BEING OF THE BALLET. THE BOARD DESIGNATED FUND IS UNRESTRICTED WITH ITS PURPOSE TO BE DETERMINED. 4% OF THE BALANCE AVERAGED OVER A 3 YEAR PERIOD IS DISTRIBUTED ANNUALLY FOR SCHOLARSHIPS AND GENERAL OPERATING (PROVIDED CUMULATIVE EARNINGS EXCEED THE 4%). GALA 358646 303536 55110 0 25316 6625 47956 0 55840 358646 303536 55110 25316 6625 47956 55840 135737 -80627 1 SCHOLARSHIP/FINANCIAL AID TO DANCE STUDENTS 120 274158 PART I, LINE 2: PARENTS OF STUDENTS SUBMIT FINANCIAL AID APPLICATIONS INCLUDING TAX RETURNS TO THE BUSINESS MANAGER FOR THE SCHOOL OF RICHMOND BALLET. THE BUSINESS MANAGER CONSULTS WITH A FINANCIAL AID COMMITTEE AND AID IS GRANTED BASED ON FUNDS AVAILABLE AND FINANCIAL NEED OF THE APPLICANT. MERIT SCHOLARSHIPS ARE AWARDED TO TALENTED STUDENTS AT THE DISCRETION OF THE SCHOOL DIRECTOR. AWARDS ARE NOT PAID DIRECTLY TO PARTICIPANTS BUT ARE DEDUCTED FROM TUITION OWED. X 1 0 0 0 0 0 0 0 0 STONER WINSLETT ARTISTIC DIRECTOR 146035 0 0 0 0 0 0 0 5535 0 151570 0 0 0 PART I, LINE 4A BRETT BONDA, MANAGING DIRECTOR THROUGH APRIL 2024, RECEIVED $59,789 IN SEVERANCE. X 18 206612 FAIR VALUE X GALA AUCTION ITEMS 24 32864 SALES COMPARABLE PRO 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B BEFORE FILING, THE 990 IS CIRCULATED VIA EMAIL TO ALL VOTING MEMBERS OF THE BOARD OF TRUSTEES FOR REVIEW. PAPER COPIES ARE ALSO AVAILABLE UPON REQUEST. THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES IS RESPONSIBLE FOR THE FINAL REVIEW. FORM 990, PART VI, SECTION B, LINE 12C THE BALLET DISTRIBUTES A CONFLICT OF INTEREST FORM TO ALL MEMBERS OF THE BOARD OF TRUSTEES AT THEIR ANNUAL MEETING. THE FORM IS COMPLETED BY EACH TRUSTEE STATING ANY CONFLICTS AND RETURNED TO THE BALLET IN A TIMELY MANNER. FOR EACH INTEREST DISCLOSED TO THE PRESIDENT, HE/SHE WILL DETERMINE WHETHER TO: 1) TAKE NO ACTION 2) ASSURE FULL DISCLOSURE TO THE BOARD OF TRUSTEES AND OTHER INDIVIDUALS COVERED BY THE POLICY 3) ASK THE PERSON TO RECUSE FROM PARTICIPATION IN RELATED DISCUSSIONS OR DECISIONS WITHIN THE ORGANIZATION OR 4) ASK THE PERSON TO RESIGN HIS/HER POSITION OR, IF THE PERSON REFUSES TO RESIGN, THEY ARE SUBJECT TO REMOVAL. FORM 990, PART VI, SECTION B, LINE 15A THE HEAD OF HUMAN RESOURCES FORWARDS ALL APPROPRIATE DOCUMENTATION TO THE PRESIDENT OF THE BOARD OF TRUSTEES TO REVIEW ANY INCREASES IN COMPENSATION FOR THE ARTISTIC DIRECTOR AND THE MANAGING/EXECUTIVE DIRECTOR. IN TURN, THE ARTISTIC DIRECTOR AND MANAGING/EXECUTIVE DIRECTOR ARE RESPONSIBLE FOR APPROVING ALL OTHER KEY EMPLOYEES' SALARIES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. RICHMOND BALLET BUILDING CORPORATION 407 E CANAL STREET RICHMOND VA 23219 263887749 HOLDS PROPERTY VA 501(C)2 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 RICHMOND BALLET BUILDING CORPORATION C 50092 FAIR VALUE RICHMOND BALLET BUILDING CORPORATION N VALUE NOT DETERMINED RICHMOND BALLET BUILDING CORPORATION B 3164 FAIR VALUE