2025-11-13T15:49:53-06:00 2024-12-31 131655065 LUTZ AND CARR CPAS LLP 551 FIFTH AVENUE SUITE 400 NEW YORK NY 10176 990 2024-01-01 131882106 BALLET THEATRE FOUNDATION INC BALL 2124773030 890 BROADWAY 3RD FLOOR NEW YORK NY 10003 HEATHER LI CFO 2124773030 2025-11-13 1 0 MICHAEL WALLACE P00881958 2126972299 2024 2025-03-06 01:10:19Z AMERICAN BALLET THEATRE BARRY HUGHSON 890 BROADWAY 3RD FLOOR NEW YORK NY 10003 48804764 0 X WWW.ABT.ORG X 1947 NY THE FOUNDATION'S BALLET COMPANY, AMERICAN BALLET THEATRE, DESIGNATED BY CONGRESSIONAL RESOLUTION IN 2006 AS AMERICA'S NATIONAL BALLET COMPANY, PRESENTS THE GREAT REPERTOIRE OF FULL-LENGTH BALLETS, ONE-ACT CLASSICS AND PIONEERING NEW WORKS TO AUDIENCES ACROSS THE COUNTRY AND AROUND THE WORLD. 34 33 769 33 0 0 13663426 19413881 20643996 19275281 1325952 1226651 245109 266937 35878483 40182750 865489 938707 0 0 31379726 31602193 269751 320502 2671705 22674285 21954272 55189251 54815674 -19310768 -14632924 75456104 63261248 31778276 31958496 43677828 31302752 X TO CREATE, TO PRESENT, TO PRESERVE, AND TO EXTEND THE GREAT REPERTOIRE OF CLASSICAL DANCING THROUGH EXCITING PERFORMANCES AND EDUCATIONAL PROGRAMMING OF THE HIGHEST QUALITY, PRESENTED TO THE WIDEST POSSIBLE AUDIENCE. AMERICAN BALLET THEATRE IS COMMITTED TO ITS TRADITION OF EXCELLENCE AND ITS LEADERSHIP ROLE AS AMERICA'S NATIONAL BALLET COMPANY. 0 0 18384118 10686928 SEASONS:IN 2024, ABT PRESENTED 8 WEEKS OF PERFORMANCES IN NEW YORK CITY AND 2 WEEKS OF PERFORMANCES IN COSTA MESA, CALIFORNIA. THE FIVE-WEEK SPRING METROPOLITAN OPERA HOUSE SEASON REPERTORY INCLUDED THE FULL-LENGTH BALLETS OF ONEGIN, WOOLF WORKS, SWAN LAKE, ROMEO AND JULIET, AND LIKE WATER FOR CHOCOLATE. ABT PRESENTED THREE WEEKS OF REPERTORY PROGRAMS IN OCTOBER AT THE DAVID H. KOCH THEATER AT LINCOLN CENTER. IN DECEMBER, ABT PRESENTED THE NUTCRACKER FOR TWO WEEKS AT THE SEGERSTROM CENTER FOR THE ARTS IN COSTA MESA, CALIFORNIA. 14701475 2596766 TOURING: ABT'S TOURING BRINGS CLASSICAL BALLET TO AUDIENCES ACROSS THE COUNTRY AND AROUND THE WORLD. TOURING IN 2024 INCLUDED A REGULAR RESIDENCY AT THE JOHN F. KENNEDY CENTER FOR THE PERFORMING ARTS IN WASHINGTON, DC. ADDITIONAL TOURING IN 2024 INCLUDED PERFORMANCES AT THE SEGERSTROM CENTER FOR THE ARTS IN COSTA MESA, CALIFORNIA. 12181739 938707 6178860 EDUCATIONAL TRAINING AND OUTREACH: IN 2024, AMERICAN BALLET THEATRE'S DEPARTMENT OF EDUCATION AND TRAINING REACHED OVER 40,000 INDIVIDUALS THROUGH ITS PROGRAMS. ABT'S PRIMARY OUTREACH PROGRAM IS ABT AT SCHOOL: SERVING 20 NYC SCHOOLS ENGAGING OVER 2,500 STUDENTS. ABT'S STUDENT TRAINING PROGRAMS INCLUDE THE JACQUELINE KENNEDY ONASSIS SCHOOL (366 STUDENTS); SUMMER INTENSIVES HELD IN-PERSON (725 STUDENTS) AND ABT STUDIO COMPANY (12 STUDENTS), A PRE-PROFESSIONAL PROGRAM. ABT'S TEACHER TRAINING PROGRAM (ABT NATIONAL TRAINING CURRICULUM) HAD 138 NEWLY CERTIFIED TEACHERS ENROLLED IN ITS 2024 COURSES. TO DATE, THE PROGRAM HAS CERTIFIED ALMOST 4,000 (3,982) TEACHERS IN 49 STATES AND 63 COUNTRIES. 45267332 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 0 0 0 1 0 1 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 315 0 1 769 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 34 33 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY CA CT FL NJ OH IL PA VA X X HEATHER LI 2124773030 890 BROADWAY 3RD FLOOR NEW YORK NY 10003 ANDREW F BARTH CHAIRMAN 5.00 X X 0 0 0 SARAH ARISON PRESIDENT 5.00 X X 0 0 0 SHARON PATRICK VICE CHAIR 5.00 X X 0 0 0 KARA MOORE VICE CHAIR 5.00 X X 0 0 0 MELISSA A SMITH VICE CHAIR AND TREASURER 5.00 X X 0 0 0 STEWART SMITH SECRETARY 5.00 X X 0 0 0 FRANCESCA MACARTNEY BEALE TRUSTEE 1.00 X 0 0 0 HAMISH BOWLES TRUSTEE 1.00 X 0 0 0 VALENTINO D CARLOTTI TRUSTEE 1.00 X 0 0 0 SUSAN FALES-HILL TRUSTEE 1.00 X 0 0 0 PAMELA FORD TRUSTEE 1.00 X 0 0 0 GWENDOLYN M FRAGOMEN TRUSTEE 1.00 X 0 0 0 JAMES HEXTER TRUSTEE 1.00 X 0 0 0 ANGELA H HO TRUSTEE 1.00 X 0 0 0 YONGSOO HUH TRUSTEE 1.00 X 0 0 0 WENDY EVANS JOSEPH TRUSTEE 1.00 X 0 0 0 SHELLY LONDON TRUSTEE 1.00 X 0 0 0 ALISSA HSU LYNCH TRUSTEE 1.00 X 0 0 0 PAULA MAHONEY TRUSTEE 1.00 X 0 0 0 NANCY MCCORMICK TRUSTEE 1.00 X 0 0 0 PATRICIA R MORTON TRUSTEE 1.00 X 0 0 0 MICHAEL PAULL TRUSTEE 1.00 X 0 0 0 RICHARD PEPPERMAN TRUSTEE 1.00 X 0 0 0 DMITRI POTISHKO TRUSTEE 1.00 X 0 0 0 JANINE RACANELLI TRUSTEE 1.00 X 0 0 0 JENNA SEGAL TRUSTEE 1.00 X 0 0 0 SHARAREH SIADAT TRUSTEE 1.00 X 0 0 0 BETH CHARTOFF SPECTOR TRUSTEE 1.00 X 0 0 0 SUTTON STRACKE TRUSTEE 1.00 X 0 0 0 DOUGLAS TABISH TRUSTEE 1.00 X 0 0 0 RUTGER VON POST TRUSTEE 1.00 X 0 0 0 JOHN L WARDEN TRUSTEE 1.00 X 0 0 0 DOUGLAS C WURTH TRUSTEE 1.00 X 0 0 0 BARRY HUGHSON EXECUTIVE DIRECTOR (AS OF 3/2024) 40.00 X X 432888 0 7078 SUSAN JAFFE ARTISTIC DIRECTOR 40.00 X X 501081 0 17473 LOURDES LIZ CHIEF MARKETING DIRECTOR 40.00 X 238294 0 17402 KYLE RIDAUGHT CHIEF ADVANCEMENT OFFICER 40.00 X 212769 0 17497 HERMAN CORNEJO PRINCIPAL DANCER 40.00 X 235799 0 21877 PAUL STEARNS PRINCIPAL DANCER 40.00 X 216622 0 21571 CHERYL KOHN DIRECTOR, LEADERSHIP GIFTS 40.00 X 213849 0 17536 HEE SEO PRINCIPAL DANCER 40.00 X 207134 0 21400 JENELLE VINCENT CONTROLLER 40.00 X 201973 0 17536 2460409 0 159370 51 0 1 0 WIENER STAATSOPER GMBH OPERNGASSE 2 VIENNA AU A-1010 CO-PRODUCTION 757937 CLIFTON LARSON ALLEN LLP 220 S 6TH ST SUITE 300 MINNEAPOLIS MN 55402 ACCOUNTING AND FINANCIAL SERVICES 680483 BILLUPSINC PO BOX 22012 NEW YORK NY 100872012 ADVERTISING 490000 CLARK TRANSFER INC 800A PAXTON ST HARRISBURG PA 171041647 SHIPPING 407747 CAPACITY INTERACTIVE CONSULTING LLC 1239 BROADWAY SUITE 1103 NEW YORK NY 10001 TRANSPORTATION 390070 27 2281919 209218 16922744 3953810 19413881 PERFORMANCE RECEIPTS 711120 13361648 13361648 TUITION INCOME 611710 4848863 4848863 PROGRAM FEES - EDUCATION 611710 591984 591984 HOUSING INCOME 711120 470386 470386 COSTUME RENTAL 711120 2400 2400 19275281 675586 675586 75000 75000 8114673 7563608 551065 551065 551065 1018587 2281919 1018587 0 86537 39819 46718 46718 145219 140555 4664 145219 40182750 19462554 0 1306315 658202 658202 280505 280505 1450838 788421 449648 212769 21943826 19286542 1596884 1060400 1084172 1084172 4990720 4529194 316455 145071 2132637 1855293 165665 111679 111600 63303 18660 29637 112120 112120 320502 320502 124965 124965 1605801 558985 1012186 34630 2033115 2033115 630111 371348 132194 126569 31133 18748 12385 875328 875328 2479900 2459349 11646 8905 2154531 2122502 24143 7886 1106162 10200 1095962 1546913 1317662 121431 107820 313838 175985 54709 83144 VENUE LABOR & RENTAL 3422115 3422115 PRODUCTION 2089450 2089450 CREDIT CARD & BANK FEES 932807 826803 1498 104506 DONOR CULTIVATION 291212 291212 2093171 440110 1626086 26975 54815674 45267332 6876637 2671705 14233473 5163380 112074 6532909 3014145 886326 648665 26973 12129 1554023 3021960 27938216 23009003 4692981 4929213 27925375 29297993 19491970 17173763 75456104 63261248 4992162 5181008 985990 1343641 9000000 10750000 16800124 14683847 31778276 31958496 X 10895072 1060517 32782756 30242235 43677828 31302752 75456104 63261248 -14632924 2257848 0 X 0 0 0 X 22067546 46231788 19723336 13513426 19413881 120949977 22067546 46231788 19723336 13513426 19413881 120949977 11472064 109477913 637908 858403 863769 630682 750586 3741348 1054687 53477 92188 225825 145219 1571396 126262721 70051256 0.86710 0.88850 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 26926064 250000 3482109 1300000 124965 29233208 24519702 3832858 1300000 126496 26926064 30866792 122571 -4599399 1750000 120262 24519702 26365262 700000 3937345 135815 30866792 24202403 602476 2797829 1120000 117446 26365262 0.21260 0.62100 0.16640 0 0 1238635 1238635 0 4472250 3106938 1365312 2068119 1772365 295754 20159212 16891065 3268147 4929213 RESERVE FUND - CONDOMINIUM ASSOCIATION 204000 BENEFICIAL INTERESTS IN REMAINDER TRUSTS 2801380 OPERATING LEASE RIGHT-OF-USE ASSETS 14168383 17173763 OPERATING LEASE LIABILITIES 14683847 14683847 PART V, LINE 4: THE ENDOWMENT FUNDS' USES INCLUDE SUPPORT FOR NATIONAL RESIDENCY; CLASSICAL WORKS; NEW WORKS AND TRAINING SCHOLARSHIPS. THE ENDOWMENT FUNDS ALSO SUPPORT OPERATING EXPENSES. 0 CENTRAL AMERICA AND THE CARIBBEAN 0 2 PROGRAM SERVICES GRANT 2500 EAST ASIA AND THE PACIFIC 0 22 PROGRAM SERVICES GRANT 128855 EUROPE 0 5 PROGRAM SERVICES GRANT 20585 MIDDLE EAST AND NORTH AFRICA 0 1 PROGRAM SERVICES GRANT 5188 NORTH AMERICA 0 7 PROGRAM SERVICES GRANT 32313 SOUTH AMERICA 0 12 PROGRAM SERVICES GRANT 78290 SUB-SAHARAN AFRICA 0 3 PROGRAM SERVICES GRANT 11275 NORTH AMERICA 0 1 PROGRAM SERVICES TEACHER 7725 EUROPE 0 1 PROGRAM SERVICES TEACHER 1650 EAST ASIA AND THE PACIFIC 0 1 PROGRAM SERVICES OTHER ARTISTIC SERVICES 1200 NORTH AMERICA 0 1 PROGRAM SERVICES OTHER ARTISTIC SERVICES 8000 EUROPE 0 2 PROGRAM SERVICES OTHER ARTISTIC SERVICES 758212 EAST ASIA AND THE PACIFIC 0 1 PROGRAM SERVICES OTHER ARTISTIC SERVICES 4210 EUROPE 0 8 PROGRAM SERVICES ROYALTIES 204915 NORTH AMERICA 0 2 PROGRAM SERVICES ROYALTIES 69400 MIDDLE EAST AND NORTH AFRICA 0 1 PROGRAM SERVICES ROYALTIES 1400 EUROPE 0 4 PROGRAM SERVICES SET DESIGN 108472 0 53 0 21 0 74 286731 1157459 1444190 SCHOLARSHIPS CENTRAL AMERICA AND THE CARIBBEAN 1 7400 TUITION ASSISTANCE BOOK VALUE SCHOLARSHIPS EAST ASIA AND THE PACIFIC 17 86805 TUITION ASSISTANCE BOOK VALUE SCHOLARSHIPS EUROPE 5 20585 TUITION ASSISTANCE BOOK VALUE SCHOLARSHIPS MIDDLE EAST AND NORTH AFRICA 1 5188 TUITION ASSISTANCE BOOK VALUE SCHOLARSHIPS NORTH AMERICA 5 21752 TUITION ASSISTANCE BOOK VALUE SCHOLARSHIPS SOUTH AMERICA 5 50110 TUITION ASSISTANCE BOOK VALUE SCHOLARSHIPS SUB-SAHARAN AFRICA 3 7875 TUITION ASSISTANCE BOOK VALUE STIPENDS EAST ASIA AND THE PACIFIC 5 42050 CHECK STIPENDS NORTH AMERICA 2 10560 CHECK STIPENDS SOUTH AMERICA 7 28180 CHECK 0 0 0 0 0 0 PART I, LINE 2: ABT PROVIDES SCHOLARSHIPS AND FINANCIAL AID TO BALLET STUDENTS. MERIT SCHOLARSHIP STUDENTS ARE SELECTED FROM THE JKO SCHOOL, AT JKO SCHOOL AUDITIONS AND DURING THE SUMMER INTENSIVES. X X X X X X X 1 BUCKLEY HALL EVENTS 17-19 MARBLE AVE PLEASANTVILLE NY 10570 FALL AND SPRING GALA EVENT PLANNER 0 3300506 136306 3164200 SD&A TELESERVICES 5757 WEST CENTURY BLVD LOS ANGELES CA 90045 TELEFUNDRAISING TO CURRENT AND FORMER DONORS 0 0 184196 0 3300506 320502 3164200 NY CA CT FL NJ OH IL PA VA FALL GALA 1443971 1061730 382241 382241 SPRING GALA 1309038 843441 465597 465597 2 547497 376748 170749 170749 3300506 2281919 1018587 1018587 1018587 0 1 SCHOLARSHIPS 242 87763 570439 BOOK VALUE TUITION ASSISTANCE PART I, LINE 2: ABT PROVIDES SCHOLARSHIPS TO BALLET STUDENTS. MERIT SCHOLARSHIP STUDENTS ARE SELECTED FROM THE JKO SCHOOL, AT JKO SCHOOL AUDITIONS AND DURING THE SUMMER INTENSIVES. THE JKO SCHOOL RECRUITS DANCERS FROM ACROSS THE COUNTRY AND AROUND THE WORLD. STUDENTS ARE FORMALLY EVALUATED ON A SEMI-ANNUAL BASIS AND MUST REAPPLY ANNUALLY. SCHOLARSHIPS AND STIPENDS ARE GRANTED BASED ON MERIT. ABT ALSO ASSISTS PROMISING YOUNG DANCERS ACROSS THE COUNTRY WITH SCHOLARSHIPS SENT DIRECTLY TO THEIR LOCAL BALLET SCHOOL TO ASSIST WITH TUITION. ABT REQUIRES VERIFICATION FROM EACH STUDENT TO ENSURE THAT THE FUNDS ARE USED FOR THEIR INTENDED PURPOSE. X X X 0 0 0 0 0 0 0 0 0 BARRY HUGHSON EXECUTIVE DIRECTOR (AS OF 3/2024) 382888 0 50000 0 0 0 0 0 7078 0 439966 0 0 0 SUSAN JAFFE ARTISTIC DIRECTOR 501081 0 0 0 0 0 0 0 17473 0 518554 0 0 0 LOURDES LIZ CHIEF MARKETING DIRECTOR 238294 0 0 0 0 0 0 0 17402 0 255696 0 0 0 KYLE RIDAUGHT CHIEF ADVANCEMENT OFFICER 212769 0 0 0 0 0 0 0 17497 0 230266 0 0 0 HERMAN CORNEJO PRINCIPAL DANCER 235799 0 0 0 0 0 4292 0 17585 0 257676 0 0 0 PAUL STEARNS PRINCIPAL DANCER 216622 0 0 0 0 0 4401 0 17170 0 238193 0 0 0 CHERYL KOHN DIRECTOR, LEADERSHIP GIFTS 213849 0 0 0 0 0 0 0 17536 0 231385 0 0 0 HEE SEO PRINCIPAL DANCER 207134 0 0 0 0 0 4152 0 17248 0 228534 0 0 0 JENELLE VINCENT CONTROLLER 201973 0 0 0 0 0 0 0 17536 0 219509 0 0 0 X 39 3953810 FMV 0 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B ABT'S FORM 990 WAS PREPARED BY ITS INDEPENDENT AUDITOR, LUTZ & CARR, AND REVIEWED BY MANAGEMENT, INCLUDING THE EXECUTIVE DIRECTOR, CFO AND CONTROLLER. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY AND AS TRUSTEES ARE ELECTED THROUGH THE YEAR, EACH TRUSTEE COMPLETES A CONFLICT OF INTEREST DOCUMENT. SENIOR MANAGEMENT ALSO COMPLETES THIS DOCUMENT. A CONFLICT EXISTS IF A TRUSTEE OR EMPLOYEE IS A DIRECTOR, TRUSTEE OR KEY EMPLOYEE OF A COMPETING ENTITY OR AN ENTITY WITH WHICH ABT DOES BUSINESS. THE AUDIT COMMITTEE REVIEWS CONFLICT OF INTEREST DOCUMENTS AND, AT ITS DISCRETION, MAY INVESTIGATE FURTHER AND IMPOSE RESTRICTIONS ON THE TRUSTEES' INVOLVEMENT IN MATTERS WHERE A CONFLICT MAY EXIST. FORM 990, PART VI, SECTION B, LINE 15 THE CHAIR AND PRESIDENT OF THE BOARD REVIEW THE COMPENSATION OF THE ARTISTIC DIRECTOR AND THE CEO / EXECUTIVE DIRECTOR IN COMPARISON TO INDUSTRY STATISTICS FOR SIMILARLY SIZED AND STRUCTURED ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 19 ABT'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.