2025-05-14T11:46:20-05:00 2024-06-30 561434747 GREERWALKER LLP 227 WEST TRADE ST SUITE 1100 CHARLOTTE NC 28202 990 2023-07-01 581314711 CHARLOTTE BALLET CHAR 7043720101 701 N TRYON STREET CHARLOTTE NC 28202 DOUG SINGLETON EXECUTIVE DIRECTOR 7043720101 2025-05-14 1 0 PAULA P TILLEY P00051456 7043770239 2025-05-14 2023 2025-03-06 01:10:19Z DOUG SINGLETON 701 N TRYON STREET CHARLOTTE NC 28202 10756091 0 X WWW.CHARLOTTEBALLET.ORG X 1977 NC CHARLOTTE BALLET'S MISSION: THROUGH DANCE, WE CREATE AUTHENTIC CONNECTIONS, ENGAGING AND INCLUSIVE EDUCATIONAL OPPORTUNITIES, AND TRANSFORMATIVE EXPERIENCES. CHARLOTTE BALLET'S VISION: WE INSPIRE INDIVIDUALS AND COMMUNITIES TO EXPLORE THE BOUNDLESS POTENTIAL OF THE IMAGINATION. 36 36 119 128 0 0 7288594 5112108 4163177 4399068 224767 252461 -42358 -37672 11634180 9725965 200564 179707 0 0 4179007 4648388 0 0 596999 7540067 4270942 11919638 9099037 -285458 626928 23590028 24746439 4849537 4984391 18740491 19762048 X CHARLOTTE BALLET'S MISSION: THROUGH DANCE, WE CREATE AUTHENTIC CONNECTIONS, ENGAGING AND INCLUSIVE EDUCATIONAL OPPORTUNITIES, AND TRANSFORMATIVE EXPERIENCES. CHARLOTTE BALLET'S VISION: WE INSPIRE INDIVIDUALS AND COMMUNITIES TO EXPLORE THE BOUNDLESS POTENTIAL OF THE IMAGINATION. 0 0 5092548 2773373 ARTISTIC PROGRAMMING: CHARLOTTE BALLET PRESENTS 5-6 PERFORMANCE SERIES OF CLASSICAL AND CONTEMPORARY BALLET IN CHARLOTTE ANNUALLY, IN ADDITION TO PERFORMING ON TOUR LOCALLY, REGIONALLY, NATIONALLY, AND INTERNATIONALLY. THE ORGANIZATION EMPLOYS AN AVERAGE OF 28 DANCERS (20 FIRST COMPANY; 8 SECOND COMPANY) EACH SEASON. THE NATION'S TOP DANCERS ARE ATTRACTED TO CHARLOTTE BALLET'S RENOWNED ARTISTIC LEADERSHIP; THE DIVERSITY OF ITS CHOREOGRAPHERS AND CHALLENGING REPERTOIRE (BOTH CLASSICAL AND CONTEMPORARY); AND A COMPETITIVE CONTRACT THAT INCLUDES A MINIMUM OF 36 WEEKS OF WORK/YEAR IN PROGRAMMING, EDUCATION AND COMMUNITY ENGAGEMENT, AND DANCE TRAINING, AND DIVERSE REPERTOIRE RANGING FROM FULL-LENGTH CLASSICAL BALLETS TO INNOVATIVE CONTEMPORARY WORKS. CHARLOTTE BALLET'S COLLECTIVE TALENTS PROVIDE THE OPPORTUNITY TO CHALLENGE, STIMULATE, EDUCATE, ENTERTAIN AND ENRICH AUDIENCES.ALEJANDRO CERRUDO WAS HIRED IN MAY 2022 AS JUST THE FIFTH ARTISTIC DIRECTOR IN CHARLOTTE BALLET'S 50+ YEAR HISTORY. UNDER HIS ARTISTIC LEADERSHIP, CHARLOTTE BALLET WILL CONTINUE TO PUSH THE BOUNDARIES OF BALLET AND CONTEMPORARY DANCE, AS HIS ARTISTIC VISION IS TO "BUILD UPON THE COMPANY'S IDENTITY AS ONE OF QUALITY, CREATIVITY, AND RANGE, WHILE EMBRACING A PIONEERING PERSPECTIVE TO ENRICH THE ART FORM." IN THIS NEW ERA UNDER CERRUDO'S LEADERSHIP, CHARLOTTE BALLET IS POISED TO CONTINUE ITS MULTIFACETED COMMUNITY ENGAGEMENT PROGRAMMING FOR ALL AGES, HIGH-CALIBER ACADEMY AND INNOVATIVE PERFORMANCES, AND GROW INTO A CREATIVE CULTURAL LEADER THAT STANDS FOR DIVERSITY, EQUITY AND INCLUSION WITHIN ITS OWN WALLS AND BEYOND. 334075 127472 EDUCATION & COMMUNITY ENGAGEMENT PROGRAMMING: CHARLOTTE BALLET'SFLAGSHIP COMMUNITY ENGAGEMENT PROGRAM, REACH, OFFERS BALLET AND WORLDDANCE TRAINING BY PROFESSIONAL TEACHING ARTISTS AND DANCE ATTIRE FOR UPTO 120 STUDENTS ANNUALLY, ALL AT NO COST TO PARTICIPANTS' FAMILIES.CLASSES ARE CONDUCTED OVER 29 SEQUENTIAL WEEKS, IN FIVE COMMUNITYCENTERS ACROSS MECKLENBURG COUNTY. THE PROGRAM, WHICH IS A RESULT OF APARTNERSHIP BETWEEN CHARLOTTE BALLET AND THE MECKLENBURG COUNTY PARK &RECREATION DEPARTMENT, IS THE RECIPIENT OF THE NATIONAL ASSOCIATION OFCOUNTIES AWARD IN RECOGNITION OF "AN EFFECTIVE AND INNOVATIVE PROGRAMWHICH CONTRIBUTES TO AND ENHANCES COUNTY GOVERNMENT IN THE UNITEDSTATES AND THE NORTH CAROLINA RECREATION AND PARKS ASSOCIATION ARTSAND HUMANITIES NOT ONLY DOES REACH OFFER ACCESS TO HIGH-QUALITY DANCE TRAINING AT NO COST, WITH CLASSES IN DIVERSE NEIGHBORHOODS ACROSS MECKLENBURG COUNTY; IT ALSO OFFERS OPPORTUNITIES FOR PROMISING STUDENTS TO CONTINUE TO TRAIN IN DANCE THROUGH SCHOLARSHIPS TO CHARLOTTE BALLET ACADEMY, AS WELL AS MENTORSHIP OPPORTUNITIES FOR REACH GRADUATES THAT INCLUDE TEACHER ASSISTANT POSITIONS AND INTERNSHIPS. REACH SCHOLARSHIPSCOMPLEMENT NUMEROUS SCHOLARSHIPS OFFERED BY CHARLOTTE BALLET ACADEMY TOTRAIN AT VARIOUS LEVELS. CHARLOTTE BALLET IS COMMITTED TO OFFERINGTALENTED, COMMITTED DANCERS ACCESS TO HIGH-QUALITY TRAINING, REGARDLESSOF SOCIO-ECONOMIC BACKGROUND, GEOGRAPHIC OR OTHER RESOURCE LIMITATIONS.IN ADDITION TO REACH, CHARLOTTE BALLET'S ANNUAL EDUCATION AND COMMUNITYENGAGEMENT PROGRAMMING INCLUDES COMMUNITY PERFORMANCES,BEHIND-THE-SCENES TOURS, AFTER-SCHOOL DANCE PROGRAMS, SUMMER ENRICHMENTPROGRAMS, SENIOR DRESS REHEARSALS, CURRICULUM-BASED ARTS EDUCATIONTHROUGH IN-CLASSROOM PROGRAMMING, DANCE-A-STORY WORKSHOPS,LECTURE-DEMONSTRATIONS AND EDUCATIONAL THEATER PERFORMANCES - ALL INPARTNERSHIP WITH AREA SCHOOLS AND COMMUNITY ORGANIZATIONS. APARTNERSHIP WITH INREACH (A NON-PROFIT ORGANIZATION THAT SUPPORTSADULTS WITH INTELLECTUAL, DEVELOPMENTAL AND OTHER DISABILITIES) OFFERSMEMBERS AND THEIR CAREGIVERS WEEKLY DANCE CLASSES BY CHARLOTTE BALLETTEACHING ARTISTS AND A PUBLIC PERFORMANCE AT THE CENTER FOR DANCE.DURING THE MIDDLE & HIGH SCHOOL DANCE FESTIVAL, CHARLOTTE BALLET OFFERSA TWO-DAY FESTIVAL AT THE CENTER FOR DANCE, WITH MASTER CLASSES ANDAUDITIONS FOR SCHOLARSHIPS TO COLLEGE AND SUMMER DANCE PROGRAMS. A"SENSORY FRIENDLY PERFORMANCE," GIVES INDIVIDUALS AFFECTED BY AUTISMSPECTRUM DISORDERS AND OTHER SENSORY, SOCIAL, AND COGNITIVEDISABILITIES THE OPPORTUNITY TO ENJOY A CHARLOTTE BALLET PERFORMANCEWITH A MODIFIED LEVEL OF SENSORY STIMULUS IN THE THEATER. IN TOTAL,CHARLOTTE BALLET'S ANNUAL EDUCATION AND COMMUNITY ENGAGEMENTPROGRAMMING SERVES OVER 30,000 - APPROXIMATELY 85% OF WHOM ARECHILDREN/YOUTH. 1623658 179707 1498223 DANCE TRAINING: THE OLDEST DANCE SCHOOL IN NORTH CAROLINA AFFILIATED WITH A PROFESSIONAL DANCE COMPANY, CHARLOTTE BALLET ACADEMY ANNUALLY ENROLLS OVER 900 STUDENTS AGES THREE TO ADULT FROM ACROSS THE COUNTRY AND AROUND THE WORLD. ALUMNI OF THE HIGHEST LEVEL OF TRAINING, THE PRE-PROFESSIONAL DIVISION, HAVE GONE ON TO DANCE AT AMERICAN SCHOOL OF BALLET, SAN FRANCISCO BALLET AND MORE; AND THE ACADEMY'S REPERTORY ENSEMBLE, A PERFORMANCE GROUP MADE OF TOP-LEVEL STUDENTS, IS DESIGNATED AS AN HONOR COMPANY WITH THE SOUTHEASTERN REGIONAL BALLET ASSOCIATION. 7050281 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 107 0 1 119 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 36 36 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X ANDREA TREMBATH 7044142800 701 N TRYON STREET CHARLOTTE NC 28202 ALFRED KENDRICK TRUSTEE 1.00 X 0 0 0 NINA AUSTIN TRUSTEE-PLANNING & MISSION COMM CHAIR 5.00 X X 0 0 0 CHRIS ULLRICH TRUSTEE-INSTITUTIONAL ADV COMM CHAIR 5.00 X X 0 0 0 JENNIFER GEORGE TRUSTEE-AUDIT COMMITTEE CHAIR 5.00 X X 0 0 0 WATTS HAMRICK TRUSTEE-CAMPAIGN AD 5.00 X X 0 0 0 ROLFE ELDRIDGE HUGHES IV TRUSTEE 1.00 X 0 0 0 TADD MORGANTI BOARD TREASURER - FINANCE 5.00 X X 0 0 0 MEGHAN CLITHERO TRUSTEE - BOARD CHAIR 5.00 X X 0 0 0 CLAIRE RAUSCHER TRUSTEE-IMMEDIATE PAST CHAIR 5.00 X X 0 0 0 TOM JOSEPH TRUSTEE-BOARD DEV COMM CHAIR 5.00 X X 0 0 0 ALEXANDRA NARANJO-MYRICK TRUSTEE 1.00 X 0 0 0 ANNA COON TRUSTEE 1.00 X 0 0 0 ASHLEY LARKIN TRUSTEE 1.00 X 0 0 0 CARL SHOWALTER TRUSTEE 1.00 X 0 0 0 DAVID SECREST TRUSTEE 1.00 X 0 0 0 GIA WRIGHT TRUSTEE 1.00 X 0 0 0 JASON CAGLE TRUSTEE 1.00 X 0 0 0 JOHN FITZHUGH TRUSTEE 1.00 X 0 0 0 KAREN BREACH-WASHINGTON TRUSTEE - SECRETARY 1.00 X X 0 0 0 KATHY GIANNUZZI TRUSTEE 1.00 X 0 0 0 KATIE MORGAN TRUSTEE-CAMPUS ADV COMM CO-CHAIR 5.00 X X 0 0 0 KEITH OBERKFELL TRUSTEE 1.00 X 0 0 0 KELLY SHERMAN TRUSTEE 1.00 X 0 0 0 KOBI BRINSON TRUSTEE 1.00 X 0 0 0 LARA SIMMONS NICHOLS TRUSTEE 1.00 X 0 0 0 LAUREN BENSON TRUSTEE-COMP COMMITTEE CHAIR 5.00 X X 0 0 0 MARISSA MICHAELS TRUSTEE 1.00 X 0 0 0 RICHARD CUEBAS TRUSTEE 1.00 X 0 0 0 TRACEY WOPPERER TRUSTEE 1.00 X 0 0 0 TRACY STOUSE TRUSTEE 1.00 X 0 0 0 ALEX FUNDERBURG TRUSTEE-CAMPUS ADV COMM CO-CHAIR 5.00 X X 0 0 0 ASH COLEMAN TRUSTEE 1.00 X 0 0 0 GRETCHEN ALTEROWITZ TRUSTEE 1.00 X 0 0 0 KATHY PARKS TRUSTEE 1.00 X 0 0 0 LEJLA MILLER TRUSTEE 1.00 X 0 0 0 MARGARET SWITZER TRUSTEE 1.00 X 0 0 0 OLIVER BADGIO TRUSTEE 1.00 X 0 0 0 SHANNON SMITH TRUSTEE 1.00 X 0 0 0 DOUG SINGLETON EXECUTIVE DIRECTOR 40.00 X 233993 0 20325 ALEJANDRO CERRUDO ARTISTIC DIRECTOR 40.00 X 218522 0 7438 SHANNON O'KEEFFE DIRECTOR OF FINANCE & HR 40.00 X 124565 0 6593 MEG PUTNAM DIR OF PHILANTHROPY & EXT RELATIONS 40.00 X 104058 0 1041 681138 0 35397 4 0 1 0 0 561883 865841 109000 3575384 5112108 TICKET SALES 711110 2699455 2699455 ACADEMY INCOME 711110 1498223 1498223 EDUCATION INCOME 711110 121552 121552 TOURING INCOME 711110 73918 73918 COMMUNITY ENGAGEMENT I 711110 5920 5920 4399068 252461 252461 38026 0 38026 38026 38026 647725 865841 843386 -195661 -195661 222893 186740 36153 36153 OTHER MISC INCOME 711110 83810 83810 83810 9725965 4557057 0 56800 179707 179707 630995 228009 402986 3164085 2635646 204622 323817 16909 10695 4220 1994 207741 165779 24509 17453 628658 449823 110554 68281 264034 18503 234732 10799 47662 3340 42373 1949 246734 225703 17528 3503 670339 617883 6477 45979 158037 129329 9441 19267 145871 108674 24805 12392 51271 51271 574035 525532 12280 36223 129678 123848 5726 104 27566 4131 22754 681 399964 144772 255192 PRODUCTION COSTS 387112 387112 0 0 MUSIC 371339 371324 15 0 COSTUMES AND SHOES 132569 132569 0 0 SUMMER INTENSIVE PROGRA 111071 111071 0 0 553660 425560 73543 54557 9099037 7050281 1451757 596999 1797765 2259091 476508 1076697 545942 486933 106422 134515 19784700 6300931 13838635 13483769 6742153 7136781 82603 168653 23590028 24746439 268790 313464 841372 885798 3739375 3785129 4849537 4984391 X 7506871 7680075 11233620 12081973 18740491 19762048 23590028 24746439 626928 394629 0 X 0 1 X 1 0 X 3800526 3645378 5167688 7314175 5112108 25039875 3800526 3645378 5167688 7314175 5112108 25039875 4450588 20589287 289864 248486 244127 275476 290487 1348440 -8659 -8659 608065 52949 612721 662893 731535 2668163 29047819 15770728 0.70880 0.72170 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6742150 673656 252461 26567 7136778 6085685 500000 440747 267115 17167 6742150 6971949 -662997 223267 6085685 5670206 17196 1510435 225888 6971949 5848078 92843 270715 5670206 0.00000 0.65582 0.34417 1 0 8101597 8101597 7986506 3653456 4333050 1050978 960700 90278 2645619 1686775 958844 13483769 TRUSTS INVESTMENTS . ASC (FFC) 1325257 F TRUST INVESTMENTS . JOAN HANES 326719 F BERNSTEIN ENDOWMENT FUND 81096 F FOUNDATION FOR THE CAROLINAS 2879947 F KNIGHT FOUNDATION 1209318 F BRETSCHER FAMILY FOUNDATION 242062 F LOWRANCE SCHOLARSHIP FUND 18520 F PNFP INVESTMENTS 529707 F PERFORMANCE ENDOWMENT FUND 524155 F 7136781 ACCRUED DONATION COMMITMENT 3700000 ST OPERATING LEASE LIABILITY 67355 ST FINANCE LEASE LIABILITY 3444 LT FINANCE LEASE LIABILITY 14330 3785129 X 10199101 71474 394629 466103 9732998 -7033 -7033 9725965 9177544 71474 186740 258214 8919330 179707 179707 9099037 PART V, LINE 4: ENDOWMENT FUNDS' SPENDABLE ALLOWANCES ARE USED FOR GENERAL OPERATING EXPENSES. PART X, LINE 2: THE BALLET IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND, THEREFORE, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE BALLET RECORDS LIABILITIES FOR INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN WHEN THOSE POSITIONS ARE DEEMED UNCERTAIN TO BE UPHELD IN AN EXAMINATION BY TAXING AUTHORITIES. NO LIABILITIES FOR UNCERTAIN INCOME TAX POSITIONS WERE RECORDED AS OF JUNE 30, 2024 AND 2023. PART XI, LINE 2D - OTHER ADJUSTMENTS: GAIN/LOSS ON SALE OF ASSETS 394,629. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 179,707. BOUTIQUE COGS -186,740. PART XII, LINE 2D - OTHER ADJUSTMENTS: BOUTIQUE COGS 186,740. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 179,707. PART VII, LINE 3 ENDOWMENT FUNDS CONSIST OF A LARGE QUANTITY OF DIVERSIFIED SECURITIES. DETAIL REGARDING SPECIFIC SECURITIES INVESTED IN WILL BE MADE AVAILABLE UPON REQUEST. X NC DANCING WITH THE STARS OF CHARLOTTE 1513566 865841 647725 147788 110703 11300 573595 1513566 865841 647725 147788 110703 11300 573595 843386 -195661 1 SCHOLARSHIPS 149 179707 PART III SCHOLARSHIPS ARE GRANTED TO STUDENTS PARTICIPATING IN THE CHARLOTTE BALLET ACADEMY BASED ON NEED AND MERIT. 1 X X X 0 0 0 0 0 0 0 0 0 DOUG SINGLETON EXECUTIVE DIRECTOR 233993 0 0 0 0 0 0 0 20325 0 254318 0 0 0 ALEJANDRO CERRUDO ARTISTIC DIRECTOR 218522 0 0 0 0 0 0 0 7438 0 225960 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED IN DETAIL WITH THE EXECUTIVE DIRECTOR, BOARD CHAIR, CHAIR ELECT, AUDIT COMMITTEE AND TREASURER. UPON COMPLETION OF THIS REVIEW, THE DOCUMENT IS DISTRIBUTED TO THE ENTIRE BOARD OF TRUSTEES FOR ADDITIONAL COMMENTS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION DOES HAVE A CONFLICT OF INTEREST POLICY AND REGULARLY MONITORS AND ENFORCES COMPLIANCE. EACH BOARD MEMBER IS RESPONSIBLE FOR MAINTAINING THE CONFLICT OF INTEREST POLICY. ANY CONCERNS OR ISSUES PERTAINING TO THE CONFLICT OF INTEREST POLICY ARE BROUGHT TO THE ATTENTION OF THE EXECUTIVE DIRECTOR, CHAIRPERSON, OR ANY OFFICER. THE ISSUE WILL THEN BE REVIEWED BY THE GOVERNANCE COMMITTEE AND THEY WILL DISCUSS THE NEED FOR FURTHER ACTION. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF BOTH THE EXECUTIVE DIRECTOR AND ARTISTIC DIRECTOR IS REVIEWED BY THE GOVERNANCE COMMITTEE AND APPROVED BY THE BOARD OF TRUSTEES ANNUALLY. THE EXECUTIVE DIRECTOR'S CURRENT EMPLOYMENT AGREEMENT IS EFFECTIVE FROM 7/1/22 UNTIL 6/30/26. ON 8/9/21, THE BOARD EXECUTED A CONTRACT WITH SECOND COMPANY DIRECTOR TO ACT AS THE INTERIM ARTISTIC DIRECTOR EFFECTIVE ON 12/9/21 WHEN HOPE MUIR RESIGNED. AFTER AN EXHAUSTIVE INTERNATIONAL SEARCH BY AN AD-HOC COMMITTEE COMPRISED OF BOARD MEMBERS, CHARLOTTE BALLET HIRED ALEJANDRO CERRUDO IN MAY 2022 AS ITS FIFTH ARTISTIC DIRECTOR. THE ARTISTIC DIRECTOR'S CURRENT EMPLOYMENT AGREEMENT IS EFFECTIVE FROM 5/1/22 UNTIL 6/30/27. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC AS REQUESTED. THE 990 AND AUDIT ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE.