2023-11-09T09:07:33-07:00 2023-06-30 990 2022-07-01 042312734 BOSTON BALLET INC BOST 6176956950 19 Clarendon St Boston MA 02116 Ming Min Hui Executive Director 6174566247 2023-11-09 1 1 11 1 AAL2 X 2022 2023-04-26 12:10:37Z Ming Min Hui 19 Clarendon Street Boston MA 02116 52883123 0 X www.bostonballet.org X 1963 MA The heart of Boston Ballet is the human experience. Through our living and breathing art, we forge human connections-between artist and attendee, teacher and trainee, friend and newcomer, one's outer and inner self. Dance history is human history, full of innate beauty, generational memory, and contradictions. We share many characteristics that define our city, as global leaders of innovation with a rich heritage and diverse culture. But Boston's history is not perfect-and neither is the history of ballet. In order to heal as a community, we must unite against inequality, inequity, and exclusivity. We are Boston's Ballet. We believe in the transformative power of dance to inspire positive change in our community and beyond. We step toward the future, where our art breaks down barriers, opens minds, strengthens our connections to each other, and is shared more widely with all. Because the future of dance is the future of humanity.Together, we move-forward and farther-as Boston's Ballet. 43 43 630 200 0 0 24310440 17512498 16375819 21836130 896141 849398 -4445001 928426 37137399 41126452 0 0 0 0 17769307 20729285 0 0 2695406 16201233 20424386 33970540 41153671 3166859 -27219 61076711 91728082 11101098 40651600 49975613 51076482 The heart of Boston Ballet is the human experience. Through our living and breathing art, we forge human connections-between artist and attendee, teacher and trainee, friend and newcomer, one's outer and inner self. Dance history is human history, full of innate beauty, generational memory, and contradictions. We share many characteristics that define our city, as global leaders of innovation with a rich heritage and diverse culture. But Boston's history is not perfect-and neither is the history of ballet. In order to heal as a community, we must unite against inequality, inequity, and exclusivity. We are Boston's Ballet. We believe in the transformative power of dance to inspire positive change in our community and beyond. We step toward the future, where our art breaks down barriers, opens minds, strengthens our connections to each other, and is shared more widely with all. Because the future of dance is the future of humanity.Together, we move-forward and farther-as Boston's Ballet. 0 0 26237976 0 14409529 Ballet Programs: Led by Artistic Director, Mikko Nissinen, the Boston Ballet maintains a diverse repertoire, ranging from full-length ballets to new works by some of today's finest choreographers. The Company typically gives over 100 performances at the Citizens Bank Opera House in Boston, MA during its eight-month season that ends in May of each year. The 2022-2023 season represented the return to this level of performance activity for the first time since the COVID-19 pandemic, with five season productions in addition to The Nutcracker. 7091009 0 7365012 Boston Ballet School (BBS): provides a comprehensive dance education with the goal of inspiring, nurturing and sustaining a life-long love of dance in every student. BBS operates two state-of-art dance facilities at Boston Ballet's headquarters in the South End of Boston and in the Metro-West town of Newton. Several programs are offered to provide educational opportunities to students of all ages and capabilities. The Classical Ballet Program follows a carefully designed curriculum with nine levels of study. It also has a supplemental Summer Dance Workshop and Master Class Series exposing students to different dance concepts and styles in a creative environment. The Children's Program for ages 16 months to 7 years introduces children to the art of dance by promoting the exploration of creativity and expression through movement. Its corresponding summer programs, Ballet Stories and Ballet Journeys introduce students to the wider world of dance. The Adult Dance Program offers a wide range of dance classes and workshops to students of all abilities and experience levels. The BBS Professional Division at Walnut Hill School for the Arts is an audition-only and highly competitive program that provides a rigorous training program preparing students for a professional career with the Boston Ballet, and in the ballet industry. The Summer Dance Program is a 5-week summer intensive training opportunity for students globally, with acceptance to the program by audition-only. 375895 0 61589 Division for Education and Community Initiatives (ECI): reaches students throughout the Greater Boston area through several pillar programs. Citydance, established in 1991, provides third grade students from over 130 Boston public school classrooms with a tuition-free introduction to dance education. ECI On Location, inclusive of Taking Steps and Boys in Motion, serves students from 4th grade to 8th grade, offering year-long dance education in schools and community sites. Adaptive Dance, established in 2002, provides creative movement instruction to individuals with disabilities. Training workshops are delivered by ECI instructors to organizations locally and nationwide, establishing Boston Ballet as a thought-leader in this space. ECI also engages participants beyond programming by providing special opportunities such as attending Boston Ballet performances and special events/activities, mentoring and teaching, and performing in showcases or community performances. 0 0 0 33704880 1 1 0 0 0 0 0 0 0 1 1 1 0 1 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 70 0 1 630 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 43 43 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 CT MA ME NH NY RI X Finance Department 6174566201 19 Clarendon Street Boston MA 02116 Mikko P Nissinen Artistic Director 40 0 X 755318 0 7083 Meredith L Hodges Executive Director 40 0 X 486453 0 14996 Deborah Moe Chief Marketing Officer 40 0 X 238806 0 7083 Ming Min Hui Chief Financial Officer & Treasurer 40 0 X 178066 0 14731 Blair Hollis Director of Development 40 0 X 174566 0 9118 Russell Kaiser Assistant Artistic Director 40 0 X 161259 0 14856 Michael Santora Music Director 40 0 X 159039 0 14856 David Czesniuk Managing Director BBS 40 0 X 144323 0 9139 Jack R Meyer Chair 1 0 X 0 0 0 Laura J Sen Vice Chair 1 0 X 0 0 0 Charles S Carignan MD Secretary 1 0 X 0 0 0 Eric Aboaf Trustee 1 0 X 0 0 0 Jill Avery Trustee 1 0 X 0 0 0 Kevin Barry Trustee 1 0 X 0 0 0 Lisa A Blumenthal Trustee 1 0 X 0 0 0 Stephanie L Brown Trustee 1 0 X 0 0 0 Kimberly Burns Trustee 1 0 X 0 0 0 Lynn Dale Trustee 1 0 X 0 0 0 Donna Egan Trustee 1 0 X 0 0 0 Liraz Evenor Trustee 1 0 X 0 0 0 Nina Sing Fialkow Trustee 1 0 X 0 0 0 Leigh Fraser Trustee 1 0 X 0 0 0 Susan V Fried Trustee 1 0 X 0 0 0 Ann Gallo Trustee 1 0 X 0 0 0 Elizabeth H Godfrey Trustee 1 0 X 0 0 0 Clinton Graham Trustee 1 0 X 0 0 0 John R Gwin Trustee 1 0 X 0 0 0 Ashley Harmon Trustee 1 0 X 0 0 0 Lori M Heinel Trustee 1 0 X 0 0 0 Andrea W Hoff Trustee 1 0 X 0 0 0 Lara Hurley Trustee 1 0 X 0 0 0 Tito Jackson Trustee 1 0 X 0 0 0 Ivana Magovcevic-Liebisch Trustee 1 0 X 0 0 0 Christine Maraganore Trustee 1 0 X 0 0 0 Lia Meisinger Trustee 1 0 X 0 0 0 Robert Nagle Trustee 1 0 X 0 0 0 Amir Nashat Trustee 1 0 X 0 0 0 Imari Paris Jeffries Trustee 1 0 X 0 0 0 Jerry Patterson Trustee 1 0 X 0 0 0 Annie Knickman Plancher Trustee 1 0 X 0 0 0 Laura E Riley MD Trustee 1 0 X 0 0 0 Jill W Roberts Trustee 1 0 X 0 0 0 E Pixley Schiciano Trustee 1 0 X 0 0 0 Jessica Schmitz Trustee 1 0 X 0 0 0 Emily E Shanks Trustee 1 0 X 0 0 0 Ruth Shefer Trustee 1 0 X 0 0 0 Ellen P Slaby Trustee 1 0 X 0 0 0 Alison Viehbacher Trustee 1 0 X 0 0 0 Brynja Vifilsdottir Trustee 1 0 X 0 0 0 D Ellen Wilson Trustee 1 0 X 0 0 0 Pamela Yang Trustee 1 0 X 0 0 0 2297830 0 91862 27 0 1 0 Nutter McClennen and Fish LLP 155 Seaport Blv Boston MA 02210 Attorney 230292 Troiani and Sons 24 Langloise Pine Lakeville MA 02347 Trucking 204685 Ernesto Galan 64 Maynard Road Sudbury MA 01776 Photographer 195326 BCA Cleaning Company 88 Blackburn Street Pawtucket RI 02861 Cleaning 157011 Capacity Interactive Consulting 1239 Broadway Suite 1103 New York NY 10001 Marketing 102850 5 0 0 1776105 0 285738 15450655 404140 17512498 Ticket sales 711120 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2990896 0 0 0 0 0 0 0 0 0 0 0 0 34260423 44012501 26178412 38157383 42278352 184887071 0.83629 0.81274 0.01618 0.01390 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 24504618 8116314 2713788 0 950441 10000 34374279 25493707 3100856 -3255040 0 824905 10000 24504618 18135662 2987500 5040265 0 659720 10000 25493707 16974857 902800 900699 0 632694 10000 18135662 15743896 847265 972092 0 578396 10000 16974857 0 0.8915 0.1085 1 0 0 0 0 0 13354836 8870470 4484366 0 3264798 1070348 2194450 0 5715858 4729690 986168 0 11311309 9285280 2026029 9691013 0 0 Alternative Investments 5821382 F 5821382 Right Of Use Asset (Leases/Adoption of ASC Topic 842) 30637889 Newton Security Deposit 295794 30933683 0 Lease Liability (Adoption of ASC Topic 842) 32284588 32284588 X 42254538 1128086 0 0 0 1128086 41126452 0 0 0 41126452 41153671 0 0 0 0 0 41153671 0 0 0 41153671 Schedule D, Part V, Line 3a(i) The Ballet received annual income distributions from the E. Virginia Williams Fund (the "Fund") held in trust and managed by the Boston Foundation. The Fund was established in the early 1980's for the exclusive benefit of the Ballet on the condition the Ballet continues to operate as a 501(c)(3) ballet company. The fund had a fair market value of $2,340,248.02 at June 30, 2023. Schedule D, Part V, Line 4 The Ballet's Endowment consists of over twenty individual funds established to support artistic productions, scholarships to the Boston Ballet School, and community programmatic activities. Schedule D, Part X, Line 1 The Ballet is recognized by the Internal Revenue Service as an organization described in Section 501(c)(3) of the Internal Revenue Code (the "Code") and is generally exempt from federal and state income taxes on related income. Accordingly, no provision for income taxes is made in the financial statements. The Ballet accounts for the effect of any uncertain tax positions based on a "more likely than not" threshold to the recognition of the tax positions being sustained based on the technical merits of the position under scrutiny by the applicable taxing authority. If a tax position or positions are deemed to result in uncertainties of those positions, the unrecognized tax benefit is estimated based on a "cumulative probability assessment" that aggregates the estimated tax liability for all uncertain tax positions. The Ballet has identified its tax status as a tax-exempt entity as a tax position; however, the Ballet has determined that such tax position does not result in an uncertainty requiring recognition. The Ballet is not currently under examination by any taxing jurisdiction. Its federal and state income tax returns are generally open for examination for three years after the date of filing the related return. Schedule D, Part X, Line 2 Lease Liability / Adoption of ASC Topic 842 Annual Ball 2133219 1739434 393785 0 170578 50000 153369 58709 578896 Signature Corporate Event 69646 36671 32975 0 5124 0 0 2693 132799 0 2202865 1776105 426760 0 175702 50000 153369 61402 711695 1152168 -725408 X X X 0 0 0 0 0 0 0 0 0 Mikko P Nissinen Artistic Director 721005 0 0 0 0 0 34313 0 7083 0 762401 0 0 0 Meredith L Hodges Executive Director 464608 0 0 0 0 0 21845 0 14996 0 501449 0 0 0 Deborah Moe Chief Marketing Officer 238806 0 0 0 0 0 0 0 7083 0 245889 0 0 0 Ming Min Hui Chief Financial Officer & Treasurer 178066 0 0 0 0 0 0 0 14731 0 192797 0 0 0 Blair Hollis Director of Development 174566 0 0 0 0 0 0 0 9118 0 183684 0 0 0 Russell Kaiser Assistant Artistic Director 161259 0 0 0 0 0 0 0 14856 0 176115 0 0 0 Michael Santora Music Director 159039 0 0 0 0 0 0 0 14856 0 173895 0 0 0 David Czesniuk Managing Director BBS 144323 0 0 0 0 0 0 0 9139 0 153462 0 0 0 X 31 2731724 Fair Value X Dance Clothing 2 23815 Fair Value X Donated Auction Items 11 119598 Fair Value X Catering/Event Rentals 17 81470 Fair Value 0 1 0 Form 990, Part VI, Section A, Line 8b Executive Committee meeting materials are archived and all decisions are reported to the Board of Trustees at the subsequent Board meeting. Form 990, Part VI, Section B, Line 11b IRS Form 990 is prepared by the Finance Department under the supervision of the Chief Financial Officer. Once completed, it is reviewed by the Audit Committee. The final draft of IRS Form 990 is distributed to the entire Board of Trustees before filing with the Internal Revenue Service. Form 990, Part VI, Section B, Line 12c Trustees are provided a copy of Boston Ballet's Conflict of Interest Policy annually. Each Trustee signs a confirmation acknowledging they have reviewed the policy and disclosed any such conflicts of interest. Form 990, Part VI, Section B, Line 15 The Ballet has an employment agreement with its Artistic Director and its Executive Director effective through June 30, 2024. Terms of the employment agreements include annual compensation amounts and are reviewed and approved by the Executive Committee. The Ballet analyzes comparable compensation data when determining annual compensation for the Artistic Director and Executive Director. Form 990, Part VI, Section C, Line 19 The Ballet's governing documents and conflict of interest policy are available upon request. The Ballet's audited financial statements are available on the organization's website: www.bostonballet.org.