2017-04-05T07:53:03-05:00 2016-06-30 PricewaterhouseCoopers LLP 2001 MARKET ST SUITE 1800 PHILADELPHIA PA 19103 990 2015-07-01 741394920 HOUSTON BALLET FOUNDATION % CHERYL LYNN ZANE HOUS 7135236300 601 PRESTON ST HOUSTON TX 77002 JIM NELSON EXECUTIVE DIRECTOR 2673303000 2017-04-04 true ERIC M MCNEIL P00460263 2673303000 2017-04-04 2015 2021-01-29 14:40:06Z HOUSTON BALLET ALLISON THACKER PRESIDENT 601 PRESTON ST HOUSTON TX 77002 80450125 false X www.houstonballet.org X 1955 TX SEE ATTACHMENT 1 104 104 499 405 0 0 11490485 15636084 13245757 14605654 2871435 7782720 1635144 1401598 29242821 39426056 0 0 0 0 15170101 17061180 80 0 1856341 12513370 12968935 27683551 30030115 1559270 9395941 124923915 125475334 6403597 6522453 118520318 118952881 X TO INSPIRE A LASTING LOVE AND APPRECIATION FOR DANCE THROUGH ARTISTIC EXCELLENCE, EXHILARATING PERFORMANCES, INNOVATIVE CHOREOGRAPHY AND SUPERB EDUCATIONAL PROGRAMS. THE ORGANIZATION MAINTAINS A COMPANY OF PROFESSIONAL DANCERS AND ORCHESTRA THAT GIVE PERFORMANCES IN HOUSTON, TX, ON TOUR NATIONALLY AND INTERNATIONALLY THROUGHOUT THE YEAR AND MAINTAINS AN ACADEMY THAT PROVIDES DANCE EDUCATION. false false 20369389 0 12218518 DANCE PERFORMANCES BY THE COMPANY OF PROFESSIONAL DANCERS AND ORCHESTRA IN HOUSTON, TX, ON TOUR NATIONALLY AND INTERNATIONALLY INCLUDE PRODUCTION EXPENSES SUCH AS SALARY OF PERFORMERS, COST OF COSTUMES, STAGE SETS, THEATER RENTAL, ORCHESTRA AND OTHER RELATED EXPENSES. 5011135 0 3816297 ACADEMY DANCE EDUCATION INCLUDES EXPENSES RELATING TO THE OPERATION OF THE BALLET ACADEMY AND THE SCHOLARSHIPS AND TUITION FOR ACADEMY STUDENTS. 25380524 true true false false false false false false false true true true false false false true false true false false true false false false true false false false false true false false false false false false false false true true false false false true false false false true 95 0 true 499 true false false false false false true true false false false false X 104 104 true false true false true true false true true false false true true true true true true true false false X CHERYL LYNN ZANE 7135236300 601 PRESTON ST HOUSTON TX 77002 X JORDAN MR JAMES M CHAIRMAN 2.5 0.1 X X 0 0 0 TUDOR MRS PHOEBE PRESIDENT 4.0 0.1 X X 0 0 0 WILLIAMS MRS MARGARET ALKEK SECRETARY 1.5 0.0 X X 0 0 0 LOYA MS LETICIA VICE PRESIDENT - ACADEMY 1.5 0.0 X X 0 0 0 NICKLOS MR JAMES M VICE PRESIDENT - FINANCE 1.5 0.0 X X 0 0 0 CARTER MR TRIPP VICE PRESIDENT - DEVELOPMENT 1.5 0.0 X X 0 0 0 PARR MR JAMES J VP - INSTITUTIONAL GIVING 1.5 0.0 X X 0 0 0 MCCLURE MR DANIEL M VICE PRESIDENT - INVESTMENTS 1.5 0.0 X X 0 0 0 THRASH MRS BECCA CASON VICE PRESIDENT-SPECIAL EVENTS 1.5 0.0 X X 0 0 0 GRAUBART MRS DONALD M VP - TRUSTEE DEVELOPMENT 1.5 0.0 X X 0 0 0 ARNIM III MRS KATRINA M.A.L. - HB GUILD PRESIDENT 1.5 0.5 X X 0 0 0 BADEN MS MICHELLE MEMBER-AT-LARGE 1.5 0.0 X X 0 0 0 BARR MRS FT MEMBER-AT-LARGE 1.5 0.0 X X 0 0 0 BRADSHAW MRS KRISTY JUNCO MEMBER-AT-LARGE 1.5 0.0 X X 0 0 0 BURK MRS J PATRICK MEMBER-AT-LARGE 1.5 0.0 X X 0 0 0 CHAO MRS ALBERT MEMBER-AT-LARGE 1.5 0.0 X X 0 0 0 JONES II MR JESSE MEMBER-AT-LARGE 1.5 0.0 X X 0 0 0 JOSEPH MRS RUSSELL C MEMBER-AT-LARGE 1.5 0.0 X X 0 0 0 MAY JR MRS HENRY M.A.L. 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33115765 460096 460096 32655669 -2625554 -2625554 30030115 PART X, LINE 2, FIN 48 FOOTNOTE FROM THE COMBINED FINANCIAL STATEMENTS OF HOUSTON BALLET FOUNDATION AND HOUSTON BALLET GUILD, INC: THE FOUNDATION IS A NONPROFIT ORGANIZATION AND HAS BEEN RECOGNIZED AS TAX-EXEMPT PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. FOR THE YEAR ENDED JUNE 30, 2016, THE FOUNDATION HAD NO UNRELATED BUSINESS INCOME AND NO INCOME TAX IS EXPECTED TO BE DUE AND PAYABLE BY THE FOUNDATION. THE FOUNDATION FOLLOWS CURRENT GUIDANCE IN ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THIS GUIDANCE CLARIFIES THE ACCOUNTING FOR INCOME TAXES BY PRESCRIBING THE MINIMUM RECOGNITION THRESHOLD AN INCOME TAX POSITION IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE FINANCIAL STATEMENTS AND APPLIES TO ALL INCOME TAX POSITIONS. EACH INCOME TAX POSITION IS ASSESSED USING A TWO-STEP PROCESS. A DETERMINATION IS FIRST MADE AS TO WHETHER IT IS MORE LIKELY THAN NOT THAT THE INCOME TAX POSITION WILL BE SUSTAINED, BASED ON TECHNICAL MERITS, UPON EXAMINATION BY THE TAXING AUTHORITIES. IF THE INCOME TAX POSITION IS EXPECTED TO MEET THE MORE LIKELY THAN NOT CRITERIA, THE BENEFIT RECORDED IN THE FINANCIAL STATEMENTS EQUALS THE LARGEST AMOUNT THAT IS GREATER THAN 50% LIKELY TO BE REALIZED UPON ITS ULTIMATE SETTLEMENT. THE FOUNDATION DID NOT RECOGNIZE ANY UNCERTAIN TAX POSITIONS UPON ADOPTION OF THE GUIDANCE AND HAD NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2016. THE INCOME TAX POSITION TAKEN BY THE FOUNDATION, FOR ANY YEARS OPEN UNDER THE VARIOUS STATUTES OF LIMITATIONS, IS THAT THE FOUNDATION CONTINUES TO BE EXEMPT FROM INCOME TAXES BY VIRTUE OF BEING A NONPROFIT ORGANIZATION. MANAGEMENT BELIEVES THIS TAX POSITION MEETS THE MORE-LIKELY-THAN-NOT THRESHOLD AND, ACCORDINGLY, THE TAX BENEFIT OF THIS INCOME TAX POSITION (NO INCOME TAX LIABILITY) HAS BEEN RECOGNIZED FOR THE YEARS ENDED ON OR BEFORE JUNE 30, 2016. THE FOUNDATION WILL RECORD INCOME TAX RELATED INTEREST AND PENALTIES, IF APPLICABLE, AS A COMPONENT OF THE PROVISION FOR INCOME TAX EXPENSE. HOWEVER, THERE WERE NO AMOUNTS RECOGNIZED RELATING TO INTEREST AND PENALTIES IN THE STATEMENT OF ACTIVITIES FOR THE YEAR ENDED JUNE 30, 2016. THE FOUNDATION'S FEDERAL EXEMPT ORGANIZATION BUSINESS TAX RETURNS (FORM 990) FOR 2012 AND LATER ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. PART XI, LINE 4B, RECONCILIATION OF REVENUE AND PART XII, LINE 4B, RECONCILIATION OF EXPENSES: EXPENSES OF CONSOLIDATED ENTITY (HOUSTON BALLET GUID, INC.) IN THE AMOUNT OF ($2,215,835) ARE NET WITH CONTRIBUTED INCOME FOR TAX RETURN PRESENTATION AND FUNDRAISING EVENT DIRECT EXPENSES OF ($409,719) ARE SHOWN NET WITH EVENT REVENUE FOR TAX RETURN PRESENTATION. TOTAL OTHER AMOUNT INCLUDED ON SCHEDULE D, PART XI, LINE 4B, BUT NOT ON LINE 1 AND SCHEDULE D, PART XII, LINE 4B, BUT NOT ON LINE 1 IS ($2,625,554). PART V, LINE 4 USE OF ENDOWMENT FUNDS: HOUSTON BALLET FOUNDATION USES ENDOWMENT FUNDS TO GUARANTEE FUTURE FINANCIAL SECURITY OF THE FOUNDATION. ENDOWMENT FUNDS ARE INVESTED TO PROVIDE THE FOUNDATION WITH LONG-TERM GROWTH CONSISTENT WITH THE PRESERVATION OF CAPITAL AND THE ANNUAL BUDGET REQUIREMENT WITHIN WITHDRAWAL LIMITATIONS ESTABLISHED BY THE BOARD OF TRUSTEES OF THE FOUNDATION. Europe (Including Iceland and Greenland) Program Services TOUR PERFORMANCES 237248 237248 237248 false false true false false false DCM TELEFUNDING false BALLET BALL 1148263 872818 275445 7862 290670 JUBILEE DINNER 96950 77030 19920 546 41810 3 164536 77745 86791 1729 67102 1409749 1027593 382156 10137 399582 409719 -27563 X X X X false true false false false false false false false WELCH STANTON ARTISTIC DIRECTOR 306500 0 0 0 25333 0 40902 0 10101 0 382836 0 0 0 NELSON JAMES D EXECUTIVE DIRECTOR 204769 0 0 0 18000 0 11128 0 10101 0 243998 0 0 0 CHAPMAN PATRICIA CEO OF NUTRACKER MARKET 135150 0 8000 0 18000 0 8058 0 10101 0 179309 0 0 0 FLORIO ERMANNO MUSIC DIRECTOR 136044 0 0 0 0 0 6802 0 10101 0 152947 0 0 0 ZANE CHERYL LYNN CHIEF FINANCIAL OFFICER 135150 0 10000 0 18000 0 8158 0 10101 0 181409 0 0 0 PART I, LINE 4B, NON-QUALIFIED RETIREMENT PLAN THE FOLLOWING OFFICER(S) OR DIRECTORS(S) PARTICIPATED IN OR RECEIVED PAYMENT FROM A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN DURING THE YEAR: STANTON WELCH - $24,615 OF DEFERRED COMPENSATION AWARDED; $18,233 OF DEFERRED COMPENSATION PREVIOUSLY REPORTED WAS PAID. X 9 24025 SELLING PRICE X 37614 SELLING PRICE X 12 214100 MARKET VALUE X 19 69962 SELLING PRICE X 6 2930 SELLING PRICE X TRAVEL AND ENTERTAINMENT 78 99943 SELLING PRICE false true false PART I, COLUMN (B), REPORTING METHOD THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS FOR PROPERTY REPORTED FOR PROPERTY RECEIVED IN PART I. PART VI, SECTION A, LINE 1A, GOVERNING BODY THE BOARD OF TRUSTEES DELEGATES ITS AUTHORITY TO ACT ON ITS BEHALF TO THE EXECUTIVE COMMITTEE, WHICH HAS BROAD AUTHORITY TO ACT ON BEHALF OF THE BOARD OF TRUSTEES. THE EXECUTIVE COMMITTEE CONSISTS OF 25 PEOPLE (CHAIRMAN, PRESIDENT, SECRETARY, VICE PRESIDENT-ACADEMY, VICE PRESIDENT-FINANCE, VICE PRESIDENT-INSTITUTIONAL GIVING, VICE PRESIDENT-INVESTMENTS, VICE PRESIDENT-SPECIAL EVENTS, TRUSTEE DEVELOPMENT AND 16 MEMBERS-AT-LARGE, INCLUDING THE HOUSTON BALLET GUILD PRESIDENT) ALL OF WHOM ARE MEMBERS OF THE BOARD OF TRUSTEES. PART VI, SECTION A, LINE 2, OFFICER & TRUSTEE RELATIONS THE FOLLOWING TRUSTEES OR OFFICERS HAVE A RELATIONSHIP WITH A TRUSTEE OR OFFICER OF THE HOUSTON BALLET FOUNDATION: MRS. KATRINA ARNIM/MR. CECIL ARNIM, III - FAMILY RELATIONSHIP MR. IRA BROWN/MRS. IRA BROWN - FAMILY RELATIONSHIP MR. JAMES CROWNOVER/MRS. JAMES CROWNOVER - FAMILY RELATIONSHIP MRS. HARRY CULLEN/MRS. JOSEPH MCCORD - FAMILY RELATIONSHIP MRS. HARRY MACH/MRS. STEVE MACH - FAMILY RELATIONSHIP MR. JAMES JORDAN/MRS. S. SHAWN STEPHENS - FAMILY RELATIONSHIP THE FOLLOWING HOUSTON BALLET GUILD TRUSTEES OR OFFICERS HAVE A RELATIONSHIP WITH A TRUSTEE OR OFFICER OF THE HOUSTON BALLET FOUNDATION, RESPECTIVELY: MRS. KATRINA ARNIM/MR. CECIL ARNIM, III - FAMILY RELATIONSHIP MRS. EVELYN LEIGHTMAN/MR. E. DANIEL LEIGHTMAN - FAMILY RELATIONSHIP MRS. S. SHAWN STEPHENS/MR. JAMES JORDAN - FAMILY RELATIONSHIP PART VI, SECTION A, LINE 4: THE ORGANIZATION RESTATED ITS BY-LAWS AS OF MAY 16, 2016. THE SIGNIFICANT CHANGES MADE TO THE BY-LAWS ARE AS FOLLOWS: 1. THE MEMBERS OF THE CORPORATION DURING ANY FISCAL YEAR WERE UPDATED TO CONSIST OF (A) THE FOUNDING TRUSTEES, (B) THE LIFE TRUSTEES AND (C) ALL INDIVIDUALS, CORPORATIONS, PARTNERSHIPS, LIMITED PARTNERSHIPS, SOLE PROPRIETORSHIPS AND OTHER LEGAL ENTITIES WHICH SHALL HAVE CONTRIBUTED FIVE HUNDRED DOLLARS ($500) OR MORE TO THE CORPORATION'S GENERAL FUND DURING THE IMMEDIATELY PRECEDING FISCAL YEAR OR AT ANY TIME DURING THE FIRST THREE QUARTERS OF THE CURRENT FISCAL YEAR. 2. A PROVISION WAS ADDED THAT ANY ELECTED TRUSTEE MAY BE REMOVED, WITH OR WITHOUT CAUSE, BY THE AFFIRMATIVE VOTE OF A MAJORITY OF THE OTHER TRUSTEES OF THE CORPORATION. 3. THE OFFICERS OF THE ORGANIZATION WERE EXPANDED TO INCLUDE A TREASURER. 4. A CONFLICTS OF INTEREST POLICY WAS ADDED TO THE BY-LAWS. THE POLICY OUTLINES WHO IS SUBJECT TO THE POLICY, THE DUTY TO DISCLOSE, THE PROCEDURES FOR REVIEWING AND ADDRESSING ANY POTENTIAL CONFLICTS, AND THE ANNUAL DISCLOSURE REQUIREMENT. 5. A NOMINATING COMMITTEE WAS ESTABLISHED TO (I) RECRUIT, INTERVIEW AND NOMINATE CANDIDATES TO SERVE AS MEMBERS OF THE BOARD OF TRUSTEES, (II) MONITOR THE PERFORMANCE OF MEMBERS OF THE BOARD OF TRUSTEES TO DETERMINE WHETHER, IN ITS JUDGMENT, THE STANDARDS REQUIRED FROM TIME TO TIME FOR SUCH MEMBERSHIP HAVE BEEN MET, AND (III) DISCHARGE ANY OTHER RESPONSIBILITIES THAT THE EXECUTIVE COMMITTEE SHALL DELEGATE TO COMMITTEES. PART VI, SECTION A, LINE 6, MEMBERS AND STOCKHOLDERS THE HOUSTON BALLET FOUNDATION IS AN ORGANIZATION WITH MEMBERS WHO MEET ANNUALLY AND VOTE TO ELECT THE BOARD OF TRUSTEES. THE MEMBERS DO NOT EXERCISE ANY MANAGEMENT AUTHORITY AND DO NOT RECEIVE ANY SHARE OF THE ORGANIZATION'S PROFITS OR A SHARE OF THE ORGANIZATION'S NET ASSETS UPON THE ORGANIZATION'S DISSOLUTION. PART VI, SECTION A, LINE 7A, TRUSTEE ELECTION THE MEMBERS OF HOUSTON BALLET FOUNDATION MEET ANNUALLY AND VOTE TO ELECT THE BOARD OF TRUSTEES. PART VI, SECTION B, LINE 11B, 990 REVIEW PROCESS THE TRUSTEES ON THE EXECUTIVE AND AUDIT COMMITTEES WERE PROVIDED ELECTRONIC COPIES OF THE PREPARED FORM 990 PRIOR TO ITS FILING. THE AUDIT COMMITTEE REVIEWED THE PREPARED FORM 990 DURING THE COURSE OF THEIR REGULAR MEETINGS. PART VI, SECTION B, LINE 12C, CONFLICTS OF INTEREST POLICY ALL TRUSTEES AND OFFICERS OF THE BOARD ARE SENT A QUESTIONNAIRE ANNUALLY THAT INCLUDES THE NAME, TITLE, DATE, AND SIGNATURE OF EACH PERSON REPORTING TO DISCLOSE ANY INTERESTS THAT COULD GIVE RISE TO CONFLICTS. PART VI, SECTION B, LINE 15A, OFFICER COMPENSATION BEFORE HIRING OR EXTENDING THE WRITTEN EMPLOYMENT CONTRACTS OF EITHER THE EXECUTIVE DIRECTOR OR THE ARTISTIC DIRECTOR, THE EXECUTIVE COMMITTEE OR A SPECIALLY-FORMED COMMITTEE REVIEWS DATA INCLUDING, BUT NOT LIMITED TO, FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEYS, AND EMPLOYMENT CONTRACTS. THE EXECUTIVE COMMITTEE APPROVES THE COMPENSATION OF BOTH THE EXECUTIVE DIRECTOR AND THE ARTISTIC DIRECTOR. PART VI, SECTION B, LINE 15B, EMPLOYEE COMPENSATION WITHIN BUDGETARY CONSTRAINTS APPROVED BY THE EXECUTIVE COMMITTEE AND AFTER REVIEWING FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEYS AND EMPLOYMENT CONTRACTS, THE EXECUTIVE DIRECTOR AND/OR THE ARTISTIC DIRECTOR APPROVE THE COMPENSATION FOR THE OFFICERS OR KEY EMPLOYEES OF THE HOUSTON BALLET FOUNDATION. PART VI, SECTION C, LINE 18 & 19, AVAILABILITY TO THE PUBLIC THE 990 IS AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST AND THROUGH GUIDESTAR ONLINE AND A LINK TO GUIDESTAR IS ON THE HBF WEBSITE. ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, ETC. ARE ALSO AVAILABLE UPON REQUEST. PART VII, SECTION A, COLUMN B, AVERAGE HOURS COMPENSATION OF OFFICERS, DIRECTORS, TRUSTEES, KEY EMPLOYEES, HIGHEST COMPENSATED EMPLOYEES, AND INDEPENDENT CONTRACTORS: TRUSTEES NOT SERVING ON THE EXECUTIVE COMMITTEE MAY ATTEND MEETINGS FOR THE FULL BOARD OF TRUSTEES OR MEETINGS OF OTHER COMMITTEES, BUT THE AVERAGE WEEKLY HOURS IS LESS THAN .10 PER WEEK AND ARE LISTED WITH .10 IN COLUMN B AS A RESULT. PART VII, SECTION A, AVERAGE HOURS COMPENSATION OF OFFICERS, DIRECTORS, TRUSTEES, KEY EMPLOYEES, HIGHEST COMPENSATED EMPLOYEES, AND INDEPENDENT CONTRACTORS: ALTHOUGH AN ESTIMATE OF HOURS PER WEEK TO RELATED ORGANIZATIONS WAS MADE, NO COMPENSATION IS REPORTED IN COLUMN E AND F FROM ANY RELATED ORGANIZATION. PART XII, LINE 2C, COMMITTEE ASSUMING RESPONSIBILITY FOR OVERSIGHT OF FINANCIALS HOUSTON BALLET FOUNDATION AND HOUSTON BALLET GUILD, INC. HAVE A COMBINED AUDIT REPORT. HOUSTON BALLET FOUNDATION HAS AN AUDIT COMMITTEE CHARGED WITH RESPONSIBILITY FOR THE OVERSIGHT OF THE COMBINED FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. HOUSTON BALLET GUILD INC 601 PRESTON ST HOUSTON TX 77002 742129272 SUPPORT HBF TX 501(C)(3) 11B-TYPE II NA false WORTHAM CENTER OPERATING CO INC 510 PRESTION ST HOUSTON TX 77002 760205663 SUPPORT HBF TX 501(C)(3) 11C-TIII-F NN false false false true false false false false false false false false false true true true true true false false PART V, LINE 2 HOUSTON BALLET GUILD, INC. AND HOUSTON BALLET FOUNDATION ARE 501(C)(3) AFFILIATES. THE HOUSTON BALLET FOUNDATION DOES NOT CONTROL AND IS NOT CONTROLLED BY HOUSTON BALLET GUILD, INC. GRANTS BETWEEN AFFILIATES NEED NO EXPLANATION ON LINE 2. AMOUNTS ARE LESS THAN $50,000 EACH IN THE TAX YEAR WITH REGARD TO LINES 1M, 1N, 1O, 1P, AND, 1Q SO NO EXPLANATION IN LINE 2 IS NECESSARY.