2026-05-15T15:36:24-05:00 2025-06-30 561434747 GREERWALKER LLP 227 WEST TRADE ST SUITE 1100 CHARLOTTE NC 28202 990 2024-07-01 581314711 CHARLOTTE BALLET CHAR 7043720101 701 N TRYON STREET CHARLOTTE NC 28202 DOUG SINGLETON EXECUTIVE DIRECTOR 7043720101 2026-05-14 1 0 PAULA P TILLEY P00051456 7043770239 2026-05-14 2024 2025-03-06 01:10:19Z DOUG SINGLETON 701 N TRYON STREET CHARLOTTE NC 28202 19877671 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. 38 38 157 148 0 0 5112108 14166655 4399068 4314620 252461 316891 -37672 191812 9725965 18989978 179707 213217 0 0 4648388 4781359 0 120000 1020781 4270942 4276698 9099037 9391274 626928 9598704 24746439 35119951 4984391 5281304 19762048 29838647 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 4976098 2449210 ARTISTIC PROGRAMMING: CHARLOTTE BALLET PRESENTS 5-6 PERFORMANCE SERIES OF CLASSICAL AND CONTEMPORARY BALLET IN CHARLOTTE ANNUALLY, IN ADDITION TO PERFORMING ON TOUR LOCALLY AND REGIONALLY. 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 PER 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. 316150 117608 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. 1530939 213217 1747802 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. 6823187 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 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 90 0 1 157 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 38 38 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X DOUG SINGLETON 7044142800 701 N TRYON STREET CHARLOTTE NC 28202 MEGHAN CLITHERO TRUSTEE, BOARD CHAIR, EXECUTIVE COMMITTEE CHAIR 5.00 X X 0 0 0 CHRIS ULLRICH TRUSTEE, TREASURER, FINANCE COMMITTEE CHAIR 5.00 X X 0 0 0 KEITH OBERKFELL TRUSTEE 1.00 X 0 0 0 KELLY SHERMAN TRUSTEE, PLANNING & MISSION IMPACT COMM CHAIR 1.00 X X 0 0 0 JENNIFER GEORGE TRUSTEE, AUDIT COMMITTEE CHAIR 5.00 X X 0 0 0 ALEX FUNDERBURG TRUSTEE, CHAIR ELECT, CAMPUS ADV COMM CO-CHAIR 5.00 X X 0 0 0 KATIE MORGAN TRUSTEE, CAMPUS ADV COMM CO-CHAIR 5.00 X X 0 0 0 ALFRED KENDRICK TRUSTEE 1.00 X 0 0 0 ANNA COON TRUSTEE, INSTITUTIONAL ADVANCEMENT COMMITTEE CO-CH 1.00 X X 0 0 0 ASH COLEMAN TRUSTEE 1.00 X 0 0 0 ASHLEY LARKIN 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 GRETCHEN ALTEROWITZ 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 KATHY GIANNUZZI TRUSTEE 1.00 X 0 0 0 KATHY PARKS TRUSTEE 1.00 X 0 0 0 KOBI BRINSON TRUSTEE 1.00 X 0 0 0 LARA SIMMONS NICHOLS TRUSTEE, BOARD DEVELOPMENT COMMITTEE CHAIR 1.00 X X 0 0 0 LEJLA MILLER TRUSTEE 1.00 X 0 0 0 MARGARET SWITZER TRUSTEE 1.00 X 0 0 0 MARISSA MICHAELS TRUSTEE 1.00 X 0 0 0 OLIVER BADGIO TRUSTEE 1.00 X 0 0 0 RICHARD CUEBAS TRUSTEE 1.00 X 0 0 0 SHANNON SMITH TRUSTEE 1.00 X 0 0 0 TRACEY WOPPERER TRUSTEE 1.00 X 0 0 0 WATTS HAMRICK TRUSTEE, CAMPAIGN ADVISORY COMMITTEE CHAIR 1.00 X X 0 0 0 LAUREN BENSON TRUSTEE 1.00 X 0 0 0 NINA AUSTIN TRUSTEE 1.00 X 0 0 0 KAREN BREACH-WASHINGTON TRUSTEE, SECRETARY, GOVERNANCE COMMITTEE CHAIR 5.00 X X 0 0 0 KATHRYN WATTS BURLINGAME TRUSTEE 1.00 X 0 0 0 ANDREW BLUMENTHAL TRUSTEE 1.00 X 0 0 0 CLAIRE RAUSCHER TRUSTEE 1.00 X 0 0 0 DIANNE NEURAUTER TRUSTEE 1.00 X 0 0 0 KATRICE BOLAND TRUSTEE 1.00 X 0 0 0 KIA SWAN-MOORE TRUSTEE 1.00 X 0 0 0 KISHA SMITH TRUSTEE 1.00 X 0 0 0 DOUG SINGLETON EXECUTIVE DIRECTOR 40.00 X 225371 0 20281 ANDREA TREMBATH DIRECTOR OF FINANCE & ADMINISTRATION 40.00 X 0 0 0 SHANNON O'KEEFFE DIRECTOR OF FINANCE - OUTGOING 40.00 X 93825 0 3165 TIFFANY MURRAY DIRECTOR OF FINANCE - OUTGOING 40.00 X 22464 0 2258 ALEJANDRO CERRUDO ARTISTIC DIRECTOR 40.00 X 216367 0 8522 558027 0 34226 2 0 1 0 CAPACITY INTERACTIVE CONSULTING PO BOX 50019 NEWARK NJ 07101 GOOGLE GRANT MGMT, DIGITAL ADVERTISING C 183000 FIGMENTS INC DBA TODD MURPHY PO BOX 12422 CHARLOTTE NC 28220 GALA EVENT PLANNING; GALA EXPENSES 121433 THE TARGET RESOURCE GROUP PO BOX 38879 COLORADO SPRINGS CO 80937 REVENUE ACCELERATOR RETAINER, SELF SERVI 108750 3 11935251 823022 62500 1345882 73288 14166655 TICKET SALES 711110 2422855 2422855 ACADEMY INCOME 711110 1747802 1747802 EDUCATION INCOME 711110 113889 113889 TOURING INCOME 711110 26355 26355 COMMUNITY ENGAGEMENT INCOME 711110 3719 3719 4314620 324960 324960 105423 0 105423 105423 105423 8069 -8069 -8069 -8069 671319 823022 776492 -105173 -105173 205059 103132 101927 101927 OTHER MISC INCOME 711110 89635 89635 89635 18989978 4603536 0 219787 213217 213217 526059 235882 290177 3535593 2521883 517832 495878 35694 21487 9165 5042 282460 208068 21727 52665 401553 279722 83243 38588 209548 128393 71376 9779 900 351 195 354 58891 22944 12755 23192 120000 120000 246236 186267 56881 3088 620793 528783 44021 47989 194622 164910 9579 20133 176750 122492 36126 18132 35188 35188 560667 520430 11140 29097 119213 111982 6511 720 29626 3483 26043 100 1698 1698 374149 126532 247617 MUSIC 399552 397316 2236 PRODUCTION COSTS 357106 354895 2211 SUMMER INTENSIVE PROGRA 150293 150293 BAD DEBT EXPENSE 127453 8458 118995 614013 480211 98984 34818 9391274 6823187 1547306 1020781 2259091 1230898 1076697 11666741 486933 678248 134515 192039 20174819 6675080 13483769 13499739 7136781 7614675 168653 237611 24746439 35119951 313464 487645 885798 895546 3785129 3898113 4984391 5281304 X 7680075 6681306 12081973 23157341 19762048 29838647 24746439 35119951 9598704 477895 0 X 0 1 X 1 0 X 3645378 5167688 7314175 5112108 14166655 35406004 3645378 5167688 7314175 5112108 14166655 35406004 13350866 22055138 248486 244127 275476 290487 430383 1488959 52949 612721 662893 731535 762262 2822360 39717323 16754842 0.55530 0.70880 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7136778 5000 825549 324960 27694 7614673 6742150 673656 252461 26567 7136778 6085685 500000 440747 267115 17167 6742150 6971949 -662997 223267 6085685 5670206 17196 1510435 225888 6971949 0.00000 0.61532 0.38468 1 0 8101597 8101597 7952437 3862912 4089525 1187813 998861 188952 2932972 1813307 1119665 13499739 TRUSTS INVESTMENTS . ASC (FFC) 1436119 F TRUST INVESTMENTS . JOAN HANES 340182 F BERNSTEIN ENDOWMENT FUND 85719 F FOUNDATION FOR THE CAROLINAS 3051603 F KNIGHT FOUNDATION 1276466 F BRETSCHER FAMILY FOUNDATION 262312 F LOWRANCE SCHOLARSHIP FUND 20929 F PNFP INVESTMENTS 576790 F PERFORMANCE ENDOWMENT FUND 564555 F 7614675 ACCRUED DONATION COMMITMENT 3700000 ST OPERATING LEASE LIABILITY 67350 ST FINANCE LEASE LIABILITY 3597 LT FINANCE LEASE LIABILITY 10734 LT OPERATING LEASE LIABILITY 116432 3898113 X 19590857 477895 225000 8069 710964 18879893 110085 110085 18989978 9514258 225000 111201 336201 9178057 213217 213217 9391274 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, 2025 AND 2024. PART XI, LINE 2D - OTHER ADJUSTMENTS: LOSS FROM STOCK SALES 8,069. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 213,217. BOUTIQUE COGS -103,132. PART XII, LINE 2D - OTHER ADJUSTMENTS: BOUTIQUE COGS 103,132. GAIN/LOSS ON SALE OF ASSETS 8,069. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 213,217. 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 1 GREENWAY GROUP LLC 7804 FAIRVIEW RD 117 CHARLOTTE NC 28226 CAPITAL CAMPAIGN SUPPORT 0 0 120000 -120000 120000 -120000 NC DANCING WITH THE STARS OF CHARLOTTE 1494341 823022 671319 121362 97281 16950 540899 1494341 823022 671319 121362 97281 16950 540899 776492 -105173 1 SCHOLARSHIPS 98 213217 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 225371 0 0 0 0 0 0 0 20281 0 245652 0 0 0 ALEJANDRO CERRUDO ARTISTIC DIRECTOR 216367 0 0 0 0 0 0 0 8522 0 224889 0 0 0 X 7 73288 FMV 0 1 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. 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. CAMPAIGN FOR FACILITIES AND FINANCIAL STABILITY: DURING THE YEAR ENDED JUNE 30, 2024, THE BALLET LAUNCHED A COMPREHENSIVE CAMPAIGN TO RAISE FUNDS FOR THE CONSTRUCTION OF A NEW FACILITY (THE "CAPITAL CAMPAIGN"), SUPPORT ARTISTIC ASSETS (AN ARTISTIC INVESTMENT), AND PROPERTY DEVELOPMENT. EXPENSES RELATED TO THE CAMPAIGNS HAVE BEEN INCURRED AND ARE THEREFORE SHOWN AS SUPPORTING SERVICES IN THE ACCOMPANYING STATEMENTS OF FUNCTIONAL EXPENSES. CONTRIBUTIONS RECEIVED OR RECEIVABLE AT YEAR-END, FOR WHICH PURPOSE RESTRICTIONS HAVE NOT BEEN MET, HAVE BEEN PRESENTED AS DONOR RESTRICTED.