2026-02-06T15:31:36-06:00 2025-07-31 236410283 ISDANER & COMPANY LLC ONE BALA PLAZA SUITE 502 BALA CYNWYD PA 19004 990 2024-08-01 231629970 THE PENNSYLVANIA BALLET ASSOCIATION PENN 2155517000 323 N BROAD ST PHILADELPHIA PA 19107 SHELLY POWER CHIEF EXECUTIVE OFFICER 2155517000 2026-02-05 1 0 EDWARD W DORAN CPA P00841330 6106684200 2026-02-05 2024 2025-03-06 01:10:19Z SHELLY POWER 323 N BROAD ST PHILADELPHIA PA 19107 27379413 0 X WWW.PHILADELPHIABALLET.ORG X 1964 PA TO CULTIVATE AN ENDURING APPRECIATION FOR DANCE THROUGH WORLD CLASS PERFORMANCES 33 31 337 207 0 0 18761546 18168874 7022758 7782215 301933 528714 130176 189631 26216413 26669434 0 0 0 0 9991063 11084105 0 0 1909590 9341908 9937329 19332971 21021434 6883442 5648000 38097124 58852641 6583426 21613447 31513698 37239194 X TO CULTIVATE AN ENDURING APPRECIATION FOR DANCE THROUGH WORLD-CLASS PERFORMANCES, TO INSPIRE THE NEXT GENERATION WITH EXCEPTIONAL EDUCATION AND PROFESSIONAL TRAINING, AND TO CONNECT WITH THE COMMUNITY THROUGH MEANINGFUL AND INCLUSIVE PROGRAMMING. 0 0 12985359 5978378 THE ORGANIZATION IS ONE OF THE LARGEST PERFORMING ARTS ORGANIZATIONS IN THE PHILADELPHIA REGION. DURING FISCAL YEAR 2025, IT EMPLOYED 48 DANCERS IN THE COMPANY AND PRESENTED 5 LIVE PRODUCTIONS, INCLUDING GEORGE BALANCHINE'S 'THE NUTCRACKER'. PHILADELPHIA BALLET'S REPERTOIRE INCLUDES BOTH CLASSIC AND CONTEMPORARY WORKS WHICH WERE PERFORMED TO AN AUDIENCE OF MORE THAN 87,000 REPRESENTING MORE THAN 27,500 HOUSEHOLDS AT THE ACADEMY OF MUSIC. IN NOV/DEC 2024, THE KENNEDY CENTER PRESENTED PB FOR 7 SOLD OUT PERFORMANCES OF THE THE NUTCRACKER, REACHING AND ADDITIONAL 15,000+ AUDIENCE MEMBERS. IN ADDITION, THE COMPANY PARTICIPATED IN OTHER COMMUNITY EVENTS INCLUDING THE SIXTH ANNUAL SPRING FESTIVAL AT RED ROSE FARM. THE TOTAL NUMBER OF PERFORMANCES PRESENTED (INCLUSIVE OF PERFORMANCES OUTSIDE OUR PERFORMANCE HOME)IN FY25 WAS 72. 1519895 1803837 THE SCHOOL OF PHILADELPHIA BALLET PROVIDES THE HIGHEST LEVEL OF BALLET TRAINING FOR ITS STUDENTS AND EXPOSES STUDENTS TO THE WORLD OF PROFESSIONAL DANCE THROUGH REGULAR INTERACTION WITH COMPANY MEMBERS AND ARTISTIC STAFF AND PERFORMANCE OPPORTUNITIES WITH THE COMPANY. IN FY25 THE SCHOOL REACHED 572 STUDENTS, A 5% INCREASE ON FISCAL YEAR 2024. 311310 IN 1996, PHILADELPHIA BALLET LAUNCHED ITS AWARD-WINNING COMMUNITY EDUCATION AND PUBLIC PROGRAMS. IN FISCAL YEAR 2025, THESE PROGRAMS SERVED ALMOST 14,000 PEOPLE ACROSS OUR REGION WITH A VARIETY OF ACTIVITIES, 90% OF WHICH ARE OFFERED FREE OF CHARGE. THROUGH SCHOOL BASED, IN-THEATER PROGRAMMING AND STUDENT PERFORMANCES, PHILADELPHIA BALLET PROVIDES RICH ACCESS TO DANCE CREATING A CONNECTION TO THE ARTS. PHILADELPHIA BALLET'S COMMUNITY EDUCATION AND PUBLIC PROGRAMMING COLLABORATES WITH SCHOOLS AND ORGANIZATIONS ACROSS THE CITY, PROVIDING ACCESS TO DANCE FOR YOUNG PEOPLE AND ADULTS, CREATING A CONNECTION TO THE ARTS AS WELL AS DEVELOPING NEW SKILLS THROUGH A VARIETY OF OPPORTUNITIES. 14816564 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 153 0 1 337 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 33 31 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA NJ X X JEREMIAH MARKS RADAR NONPROFIT SOLUTIONS 4842281098 2810 N CHURCH ST PMB 19231 WILMINGTON DE 198024447 DAVID HOFFMAN BOARD CHAIRMAN 2.00 X X 0 0 0 DEBORAH GILL HILZINGER VICE-CHAIR 2.00 X X 0 0 0 JONATHAN STAVIN VICE-CHAIR 2.00 X X 0 0 0 ANTHONY B HALLER ESQ VICE-PRESIDENT 2.00 X X 0 0 0 GEORGIANA W NOLL VICE-PRESIDENT 2.00 X X 0 0 0 TAMSIN FAST SECRETARY 2.00 X 0 0 0 MICHAEL SULLIVAN TREASURER 2.00 X 0 0 0 ANGEL CORELLA ARTISTIC DIRECTOR 40.00 X X 333745 0 8774 SHELLY POWER CHIEF EXECUTIVE OFFICER 40.00 X X 407449 0 9274 ARTHUR M KAPLAN ESQ TRUSTEE 2.00 X 0 0 0 BILLIE BAILKIN TRUSTEE 2.00 X 0 0 0 CAROLYN C NEWSOM PHD TRUSTEE 2.00 X 0 0 0 CAROLYN HORN SEIDLE TRUSTEE 2.00 X 0 0 0 CATHERINE KLEIN ESQ TRUSTEE 2.00 X 0 0 0 CINDY BOLT TRUSTEE 2.00 X 0 0 0 DAN KEMPSON TRUSTEE 2.00 X 0 0 0 DANIELLE HANKIN TRUSTEE 2.00 X 0 0 0 EMALEE G WELSH ESQ TRUSTEE 2.00 X 0 0 0 EMILY KERNAN TRUSTEE 2.00 X 0 0 0 EVELYN WATKINS EBO TRUSTEE 2.00 X 0 0 0 GINA A MONTANA TRUSTEE 2.00 X 0 0 0 JENNIFER MALHERBE TRUSTEE 2.00 X 0 0 0 JESSICA COSME PLATT HONORARY TRUSTEE/EX OFFICIO 2.00 X 0 0 0 KAREN ZIMMER PAUL MD MPH TRUSTEE 2.00 X 0 0 0 LLOYD FREEMAN ESQ TRUSTEE 2.00 X 0 0 0 MADELEINE P PLONSKER TRUSTEE 2.00 X 0 0 0 MARLA R MILGRAM ESQ TRUSTEE 2.00 X 0 0 0 MELISSA HELLER TRUSTEE 2.00 X 0 0 0 MICHAEL C LILLYS TRUSTEE 2.00 X 0 0 0 RACHEL KIESER CPA TRUSTEE 2.00 X 0 0 0 SANDRA B WAXMAN TRUSTEE 2.00 X 0 0 0 SARAH JM MARSHALL TRUSTEE 2.00 X 0 0 0 STEVEN SCOTT BRADLEY TRUSTEE 2.00 X 0 0 0 DAVID CHAMBERS CHIEF ADVANCEMENT OFFICER 40.00 X 219110 0 11545 WILLIAM B SHIELDS DIRECTOR OF FINANCE & BUS OPERATIONS 40.00 X 141750 0 734 JACQUELINE MEISTER DIRECTOR OF HUMAN RESOURCE 40.00 X 140042 0 2184 CHRISTINE STONE MARTIN GENERAL MANAGER 40.00 X 138080 0 10288 DAVIT KARPETYAN DIRECTOR OF SCHOOL OF PHIL 40.00 X 133437 0 8774 JONATHON P ALTIZER SR DIR OF DEVELOPMENT 40.00 X 107500 0 11045 1621113 0 62618 8 0 1 0 TURNER CONSTRUCTION COMPANY 3 PARAGON DRIVE MONTVALE NJ 07645 CONSTRUCTION SERVICES 2968302 RADAR NONPROFIT SOLUTIONS LLC 2810 N CHURCH STREET WILMINGTON DE 19802 FINANCIAL SERVICES 409033 VARENHORST 230 N 21ST STREET PHILADELPHIA PA 19103 ARCHITECT SERVICES 258088 ANRO INC 931 S MATLACK ST WEST CHESTER PA 19382 PRINTING AND MAILING SERVICES 222604 HELM CREATIVE STUDIO LLC 702 N 3RD ST PMB 918 PHILADELPHIA PA 19123 MERCHANDISE FOR SALE 210383 5 875550 7513000 9780324 366309 18168874 TICKET SALES 900099 4881763 4881763 SCHOOL REVENUE 900099 1803837 1803837 SUBSCRIPTIONS 900099 896982 896982 EVENT AND HANDLING FEES 900099 199633 199633 7782215 453889 453889 1660 16608 0 0 1660 16608 18268 18268 83159 8334 74825 74825 74825 102625 875550 621624 -518999 -518999 155099 80021 75078 75078 INSURANCE PROCEEDS - CYBER ATTACK 900099 354640 354640 INSURANCE PROCEEDS - FIRE 900099 204139 204139 MISCELLANEOUS INCOME 900099 56505 56505 615284 26669434 8472577 0 27983 1106894 358960 509274 238660 8006185 6757281 536786 712118 1075867 1006937 12619 56311 895159 732389 93513 69257 109899 38917 70982 418105 553 417452 100 1623992 841578 411109 371305 779583 779133 450 499671 466541 29254 3876 241340 12285 226460 2595 96925 96675 250 3318474 2860281 322195 135998 698165 632515 22959 42691 6878 1089 5789 117272 117272 358042 161524 196518 664489 391029 244466 28994 PRINTING 265016 93125 79080 92811 CREDIT CARD FEES 229987 53354 176633 PRODUCTION 172450 170634 655 1161 PHOTOGRAPHY AND VIDEO 135479 96067 21162 18250 201562 45919 26669 128974 21021434 14816564 4295280 1909590 9558050 11637897 9236035 11556702 29129 208782 106294 163742 188816 468172 36641279 5197253 16062181 31444026 1510359 2146141 1406260 1227179 38097124 58852641 420014 2990911 1910824 1770283 3033890 15780016 1218698 1072237 6583426 21613447 X 7253300 7365095 24260398 29874099 31513698 37239194 38097124 58852641 5648000 42496 35000 0 X X 0 1 X 1 0 X 18157333 7845959 14585110 18761546 18168874 77518822 1075278 4611350 6658697 7022758 7937314 27305397 19232611 12457309 21243807 25784304 26106188 104824219 4260159 1421884 2287451 3477177 2196003 13642674 0 4260159 1421884 2287451 3477177 2196003 13642674 91181545 17302 24830 121128 282444 472157 917861 17302 24830 121128 282444 472157 917861 8440 38494 211652 354046 615284 1227916 19258353 12520633 21576587 26420794 27193629 106969996 0.85240 0.82720 0.00860 0.00520 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 65000 0 0 65000 0 PART II-B, LINE 1: MAINTAIN STRONG AND REGULAR COMMUNICATIONS WITH PENNSYLVANIA STATE DELEGATIONS AND PERTINENT AGENCIES. DEVELOP STRONG PARTNERS WITHIN DELEGATION, AGENCIES AND THEIR STAFF MEMBERS. SET UP MEETING WITH PA BALLET EXECUTIVE DIRECTOR WITH PERTINENT STATE LEGISLATORS, AGENCIES FOR INTRODUCTIONS, DISCUSSION OF KEY ISSUES AT HAND, INCLUDING THREATS TO STATE FUNDING. MEET MONTHLY WITH KEY MEMBERS OF DELEGATION, OR AS NEEDED AND MORE FREQUENTLY WHEN URGENT ISSUES ARISE. FILE WRITTEN REPORTS OF ALL MEETINGS WITH PA BALLET EXECUTIVE DIRECTOR. FOLLOW UP, AS NECESSARY AND APPROPRIATE, ON ALL MEETINGS, POINTS FOR ADVOCACY ON ALL ISSUES, ONGOING AND URGENT, WITH APPROPRIATE INSTRUCTIONS FOR IDENTIFYING KEY PARTNERS, TARGET. 2482041 887818 111513 113000 3368372 2425518 49700 117823 111000 2482041 2538308 200000 30254 343044 2425518 2721565 200000 -283257 100000 2538308 3265362 345044 306317 1195158 2721565 1.00000 0 0 6082710 6082710 26663931 2164794 24499137 3894638 3032459 862179 31444026 LEASE LIABILITY 1072237 1072237 X 26880520 42496 168590 211086 26669434 0 26669434 21155024 133590 133590 21021434 0 21021434 PART V, LINE 4: USES INCLUDE EDUCATION & OUTREACH, PRINCIPAL DANCER COMPENSATION, BALLET MASTER/MISTRESS COMPENSATION, ARTISTIC DIRECTOR COMPENSATION AND UNRESTRICTED PURPOSES. PART X, LINE 2: THE ASSOCIATION IS EXEMPT FROM TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ASC TOPIC 740, INCOME TAXES, ADDRESSES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES AND ESTABLISHES FOR ALL ENTITIES, INCLUDING NOT-FOR-PROFIT ENTITIES SUCH AS THE ASSOCIATION, A MINIMUM THRESHOLD FOR FINANCIAL STATEMENT RECOGNITION OF THE BENEFIT OF POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN FILING TAX RETURNS (INCLUDING WHETHER AN ENTITY IS TAXABLE IN A PARTICULAR JURISDICTION). THE ASSOCIATION RECOGNIZES TAX BENEFITS ONLY IF IT IS MORE LIKELY THAN NOT THAT A TAX POSITION (INCLUDING THE ASSOCIATION'S ASSERTION THAT ITS INCOME IS EXEMPT FROM TAX) WILL BE SUSTAINED UPON EXAMINATION. NO LIABILITY FOR UNCERTAIN TAX POSITIONS WAS RECORDED AS OF JULY 31, 2025 OR 2024. RED ROSE FARM 255363 208063 47300 191945 GALA 710311 689986 20325 429160 1 12500 12500 519 978174 910549 67625 621624 621624 -553999 X X X X X 0 0 0 0 0 0 0 0 0 SHELLY POWER CHIEF EXECUTIVE OFFICER 407449 0 0 0 0 0 0 0 9274 0 416723 0 0 0 ANGEL CORELLA ARTISTIC DIRECTOR 333745 0 0 0 0 0 0 0 8774 0 342519 0 0 0 DAVID CHAMBERS CHIEF ADVANCEMENT OFFICER 219110 0 0 0 0 0 0 0 11545 0 230655 0 0 0 X 11 366309 STOCK MARKET VALUE 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM BASED UPON INFORMATION PROVIDED BY THE ORGANIZATIONS DIRECTOR OF FINANCE AND ACCOUNTING MANAGER. IT IS REVIEWED BY THE BOARD OF DIRECTORS BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE OFFICE OF THE EXECUTIVE DIRECTOR IN CONJUNCTION WITH THE NOMINATIONS COMMITTEE OF THE BOARD ANNUALLY DISTRIBUTES CONFLICT OF INTEREST INFORMATION AND QUESTIONNAIRES TO THE BOARD OF TRUSTEES. THE RETURN OF THE QUESTIONNAIRES AND TRUSTEE COMPLIANCE IS MONITORED. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE EXECUTIVE AND ARTISTIC DIRECTORS (BOTH OFFICERS OF THE CORPORATION PER THE BYLAWS) IS DETERMINED BY AN ADHOC COMMITTEE OF THE BOARD. THE EXECUTIVE DIRECTOR IS UNDER A 3-YEAR CONTRACT, WHILE THE ARTISTIC DIRECTOR IS UNDER A 6-YEAR CONTRACT, AND THE VARIOUS METHODOLOGIES ARE USED IN THE DETERMINATION OF THEIR COMPENSATION. 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 UPON REQUEST, ON WEBSITE, AND THROUGH OUR OFFICE. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR