2012-03-01T08:15:00-06:00 2011-06-30 SCHNEIDER DOWNS & CO INC 1133 PENN AVENUE PITTSBURGH PA 15222 990 2010-07-01 237101094 PITTSBURGH BALLET THEATRE INC PITT 4122810360 2900 LIBERTY AVENUE PITTSBURGH PA 152011500 HARRIS FERRIS 4122810360 2012-02-17 1 SUSAN M KIRSCH 4122613644 2010 2016-02-24 21:20:13Z HARRIS FERRIS 2900 LIBERTY AVENUE PITTSBURGH PA 152011500 8257948 0 X WWW.PBT.ORG X 1969 PA THE ORGANIZATION IS COMMITTED TO THE DEVLOPMENT OF AN INTERNATIONALLY RECOGNIZED BALLET COMPANY. 50 49 211 60 27756 -10505 4166617 3503810 3204365 3406168 179418 242218 131761 142737 7682161 7294933 328639 268618 0 0 3009779 2916103 6458 45729 552327 3980259 4313254 7325135 7543704 357026 -248771 13217423 13842726 2804375 2276340 10413048 11566386 X SEE SCHEDULE O FOR THE DESCRIPTION OF PITTSBURGH BALLET THEATRE INC.'S PRIMARY MISSIONCOMMUNITY BASED AND INTERNATIONALLY RECOGNIZED PROFESSIONAL BALLET COMPANY THAT PERFORMS TRADITIONAL AND CONTEMPORARY BALLETS AND DEVELOPS INNOVATIVE NEW WORKS. SEEKS TO PERPETUATE EXCELLENCE IN THE ART OF BALLET THROUGH PERFORMANCES, SUPERIOR TRAINING OF STUDENT DANCERS AND COMMUNITY ENGAGEMENT INITIATIVES. 0 0 4947024 1890165 PRODUCTION AND PERFORMANCE OF BALLET - EXPOSE AUDIENCES, BOTH IN PITTSBURGH AND ON TOUR, TO WORLD-CLASS BALLET THROUGH PRESENTATION OF TRADITIONAL BALLETS BY LEGENDARY MASTERS AND THE COMMISSION AND PRESENTATION OF NEW WORKS BY INNOVATIVE CHOREOGRAPHERS. 1303270 261618 1494268 SCHOOL AND ART EDUCATION - 351 STUDENTS ARE ENROLLED IN THE PROGRAM WHICH ATTRACTS, DEVELOPS AND RETAINS EXCELLENT DANCERS. 6250294 1 1 0 1 0 0 0 0 1 1 0 0 0 0 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 1 0 0 0 0 1 34 0 1 211 1 1 1 0 0 0 0 1 1 0 0 0 0 X 50 49 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA MD NY OH WV X JAY ROMANO 4124549112 2900 LIBERTY AVENUE PGH PA 152011500 JASON ALTMIRE 0.10 X 0 0 0 ROBERT STANTON BARMEN 0.10 X 0 0 0 KELLY BOYER 0.10 X 0 0 0 BETH O BROWN 0.10 X 0 0 0 DAVID BUSH 0.10 X 0 0 0 HOLLY BRUBACH 0.10 X 0 0 0 CAROLYN M BYHAM 0.10 X 0 0 0 CHRISTINE CAMSUZOU 0.10 X 0 0 0 JAY COSTA JR 0.10 X 0 0 0 SUSAN CRUZ 0.10 X 0 0 0 DEBRA DERMODY ESQ 0.10 X 0 0 0 KAYE R DESCH 0.10 X 0 0 0 PAUL DOBSON 0.10 X 0 0 0 ROBERT EBERLY III 0.10 X 0 0 0 JAMES TOMLINSON FORT 0.10 X 0 0 0 FREDDIE H FU MD 0.10 X 0 0 0 JEANNE GLEASON 0.10 X 0 0 0 KRISTINE SORENSEN GIFFIN 0.10 X 0 0 0 JAMES H HARDIE 0.10 X 0 0 0 DONA HOTOPP 0.10 X 0 0 0 DOUG KREPS 0.10 X 0 0 0 ROBERT A KRIZNER 0.10 X 0 0 0 REBECCA LANDO 0.10 X 0 0 0 MICHAEL C LAROCCO 0.10 X 0 0 0 SUSAN LEONE 0.10 X 0 0 0 PEGGY MCNIGHT 0.10 X 0 0 0 CYNTHIA MCNULTY 0.10 X 0 0 0 LEROY L METZ II 0.10 X 0 0 0 JOHN PIPPY 0.10 X 0 0 0 STEPHEN PLUT 0.10 X 0 0 0 MARK POPOVICH 0.10 X 0 0 0 RICHARD E RAUH 0.10 X 0 0 0 MARYANN REABE 0.10 X 0 0 0 DIANA REID 0.10 X 0 0 0 KRISTY RODRIGUEZ 0.10 X 0 0 0 LISA SAPERSTEIN 0.10 X 0 0 0 ANN SCHWAB 0.10 X 0 0 0 VINCENT SILVAGGIO MD 0.10 X 0 0 0 NORMA SOBEL 0.10 X 0 0 0 BECKY TORBIN 0.10 X 0 0 0 COLLEEN TRAVIS 0.10 X 0 0 0 DAVID F TUTHILL 0.10 X 0 0 0 HILARY S TYSON 0.10 X 0 0 0 HAL K WALDMAN 0.10 X 0 0 0 MARKUS WEBBER 0.10 X 0 0 0 SHELLEY TAYLOR 0.10 X X 0 0 0 JAMES E CROCKARD III 0.10 X X 0 0 0 MICHAEL J HAVER 0.10 X X 0 0 0 KATHLEEN MICLOT 0.10 X X 0 0 0 TERRENCE ORR 40.00 X 162873 0 8905 HARRIS FERRIS 40.00 X 179231 0 9396 JAY ROMANO 40.00 X 104814 0 7163 446918 0 25464 3 0 1 0 JENDOCO CONSTRUCTION CORP 2000 LINCOLN ROAD PITTSBURGH PA 15235 BUILDING RENOVATIONS 444235 BEYOND SPOTS AND DOTS INC 1034 FIFTH AVENUE 1ST FLOOR PITTSBURGH PA 15219 ADVERTISING SERVICES 229616 2 62500 343175 3098135 133610 3503810 PERFORMANCE TICKET 711190 1861186 1861186 SCHOOL TUITION 611710 1494268 1494268 PROGRAM ADVERTISING 541800 27732 27732 BALLET COMPANY TOURING 711190 19605 19605 COSTUMES & SET INCOME 711190 1396 1396 1981 1981 3406168 171865 171865 884363 814010 70353 70353 70353 280875 62500 144159 136716 136716 10867 4846 6021 5997 24 7294933 3384433 27756 378934 268618 268618 461603 167415 247919 46269 1879365 1473653 163634 242078 41501 35474 3887 2140 368899 291196 37120 40583 164735 120920 23006 20809 20600 20600 26225 26225 6294 6294 45729 45729 65782 65782 5397 3265 1089 1043 552118 552118 168952 39370 82692 46890 35601 15101 5035 15465 90884 61349 26591 2944 13744 7793 5951 3311 2272 1039 434882 434882 51541 51541 DIRECT PRODUCTION 1443933 1441834 2099 SCHOOL EXPENSE 950359 950359 GENERAL PRODUCTION 164550 164550 ARTS EDUCATION 84293 84293 TOUR 46830 46830 147958 19133 55831 72994 7543704 6250294 741083 552327 707578 692050 139714 149714 948923 814278 16759 28948 10981 15083 372060 330432 9275267 6596868 2842289 2678399 7535559 8491718 337799 380348 305761 261756 13217423 13842726 171352 312454 1066128 1165218 1241107 798668 325788 0 2804375 2276340 X 133336 290909 2268370 2204982 8011342 9070495 10413048 11566386 13217423 13842726 X -248771 1402109 X X 0 1 1 X 0 X 2765685 4021767 2380543 4166617 3503810 16838422 2765685 4021767 2380543 4166617 3503810 16838422 924673 15913749 301066 515379 253652 53885 75301 1199283 14697 5022 493 350 20562 18058267 18186662 0.88120 0.87190 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6294 6294 7537410 7543704 527185 131796 0 0 527185 527185 790778 6294 6294 131796 131796 197694 7611114 50000 1516378 550000 8627492 6985570 1239044 613500 7611114 8988411 -1521557 480284 6985570 0.00000 1.00000 0.00000 0 0 6511052 4532228 1978824 724528 36917 687611 2039687 2027723 11964 2678399 7294933 7543704 -248771 1402109 1402109 1153338 9108835 1402109 328570 149005 1879684 7229151 65782 65782 7294933 7955497 328570 149005 477575 7477922 65782 65782 7543704 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE BALLET'S ENDOWMENT CONSISTS OF DONOR-RESTRICTED INVESTMENT FUNDS ESTABLISHED FOR PERPETUAL SUPPORT OF THE ORGANIZATION'S MISSION. AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE BALLET TO FUNCTION AS ENDOWMENTS, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. THE BOARD OF DIRECTORS OF THE BALLET HAS ELECTED TO BE GOVERNED BY THE COMMONWEALTH OF PENNSYLVANIA'S ACT 141 (ACT 141). ACT 141 IS A TOTAL RETURN POLICY THAT ALLOWS A NONPROFIT TO CHOOSE TO TREAT A PERCENTAGE OF THE AVERAGE MARKET VALUE OF THE ENDOWMENT'S PERMANENTLY RESTRICTED INVESTMENTS AS INCOME EACH YEAR. HOWEVER, THE LONG-TERM PRESERVATION OF THE REAL VALUE OF THE ASSETS MUST BE TAKEN INTO CONSIDERATION WHEN THE BOARD ELECTS THE AMOUNT. ON AN ANNUAL BASIS, THE BOARD, MUST ELECT A SPENDING RATE OF BETWEEN 2% AND 7%. IN ACCORDANCE WITH ACT 141, AND TO COMPLY WITH A DONOR-IMPOSED RESTRICTION, THE BALLET ANNUALLY TRANSFERS NO MORE THAN 5% OF THE PREVIOUS YEARS' MARKET VALUE AVERAGE OF THE ENDOWMENT FUND. FOR THE YEAR ENDED JUNE 30, 2011, THE BALLET OBTAINED THE DONOR'S PERMISSION TO INCREASE THE MAXIMUM INVESTMENT DRAW PERCENTAGE TO 7%. THIS PERCENTAGE IS APPLIED TO A THREE-YEAR AVERAGE MARKET VALUE OF THE INVESTMENTS AT JUNE 30TH OF THE PREVIOUS YEAR. THE BALLET CLASSIFIES AS PERMANENTLY RESTRICTED NET ASSETS THE ORIGINAL AND SUBSEQUENT VALUE OF THE GIFTS DONATED TO THE PERMANENT ENDOWMENT. IN ACCORDANCE WITH ACT 141, THE BALLET HAS ADOPTED A WRITTEN INVESTMENT POLICY, OF WHICH A SECTION SPECIFICALLY RELATES TO THE ENDOWMENT FUND. THE BALLET CONSIDERS THE FOLLOWING FACTORS IN MAKING A DETERMINATION TO SET A SPENDING RATE: 1. PROTECTING THE CORPUS OF THE ENDOWMENT FUND 2. PRESERVING THE SPENDING POWER OF THE ASSETS 3. OBTAINING MAXIMUM INVESTMENT RETURN WITH REASONABLE RISK AND OPERATIONAL CONSIDERATION 4. COMPLYING WITH APPLICABLE LAWS AND DONOR-IMPOSED RESTRICTIONS DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE BALLET IS A NONPROFIT ORGANIZATION EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS RECORDED IN THE FINANCIAL STATEMENTS. THE BALLET'S STATEMENT OF FINANCIAL POSITION AT JUNE 30, 2011 AND 2010 DOES NOT INCLUDE ANY LIABILITIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS; FURTHER, THE BALLET HAS NO UNRECOGNIZED TAX BENEFITS. THERE WERE NO INTEREST OR PENALTIES RECOGNIZED IN THE STATEMENTS OF ACTIVITIES FOR THE YEARS ENDED JUNE 30, 2011 AND 2010. THE STATUTORY TAX YEARS REMAIN OPEN TO EXAMINATION. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 144,159. COST OF GOODS SOLD 4,846. PART XIII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 144,159. COST OF GOODS SOLD 4,846. X X X X X X 1 SD&A TELESERVICES INC 5757 WEST CENTURY BLVD SUITE 300 LOS ANGELES CA 90045 TELEMARKETING & TELEFUNDRAISING 0 31728 37193 -5465 31728 37193 -5465 NY OH MD WV PA POINTE IN TIME BALL 334110 62500 271610 21311 69133 15443 24998 HARTWOOD ACRES 9265 9265 5968 873 6433 343375 62500 280875 21311 75101 16316 31431 144159 136716 1 TUITION SCHOLARSHIP 41 47639 N/A N/A HOUSING ASSISTANCE 23 49275 N/A N/A TUITION FINANCIAL AID 84 171704 N/A N/A PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: STUDENTS IN LEVEL V+ ARE ELIGIBLE TO APPLY FOR FINANCIAL AID (OR AGES 12+ FOR THE INTENSIVE SUMMER PROGRAM). ALL OF PITTSBURGH BALLET THEATRE'S ("PBT") FINANCIAL AID AWARDS ARE CONSIDERED 'WORK-STUDY' AWARDS WHEREBY TUITION REDUCTION OF THIS TYPE MAY CARRY AN OBLIGATION FOR THE STUDENT TO COMPLETE ASSIGNED TASKS THROUGHOUT THE YEAR. FINANCIAL ASSISTANCE IS LIMITED AND NOT GUARANTEED. AN APPLICATION IS REVIEWED AND CONSIDERED ONLY AFTER A STUDENT IS OFFICIALLY REGISTERED FOR THE PROGRAM (THE SCHOOL HAS RECEIVED REGISTRATION FORM, MEDICAL COVERAGE INFORMATION, AND APPLICABLE NON-REFUNDABLE TUITION DEPOSIT). FAILURE TO RECEIVE A WORK-STUDY AWARD WILL NOT RESULT IN REFUND OF TUITION DEPOSIT. ONE APPLICATION MAY BE SUBMITTED PER FAMILY. THE MOST RECENT TAX RETURN MUST ACCOMPANY THE APPLICATION FOR CONSIDERATION. IF THE PARENTS ARE SEPARATED OR DIVORCED, THE TAX RETURN OF THE PARENT WITH WHOM THE CHILD RESIDES MUST BE SUBMITTED. THE COMPLETED FORM MUST REACH THE PBT SCHOOL OFFICE BY A CERTAIN DATE (WHICH VARIES FROM YEAR TO YEAR) FOR CONSIDERATION. IF AN APPLICATION IS RECEIVED LATER THAN THE DATE INDICATED IT MAY NOT BE CONSIDERED. FINANCIAL AID AWARDS VARY FROM $0 - $2,000 ANNUALLY. NOT ALL APPLICANTS RECEIVE THE SAME AMOUNT AS ONE ANOTHER. AWARDS ARE SUBJECT TO THE TOTAL AMOUNT THE SCHOOL HAS TO DISTRIBUTE EACH YEAR, WHICH VARIES, AND BY THE INFORMATION PROVIDED IN THE APPLICATION/SUPPLEMENTAL MATERIALS. IF A STUDENT DOES NOT RECEIVE FINANCIAL AID FOR A PARTICULAR PROGRAM, THEY ARE WELCOME TO SUBMIT FINANCIAL AID APPLICATIONS FOR FUTURE PBT PROGRAMS, BUT FINANCIAL AID IS NOT NECESSARILY GUARANTEED FOR FUTURE PROGRAMS. IN AN EFFORT TO PROMOTE INCREASED PARTICIPATION OF YOUNG MALES IN THE ART FORM, THE PITTSBURGH BALLET THEATRE HAS DEVELOPED A PROGRAM OF TUITION AND HOUSING ASSISTANCE THAT DIMINISHES THE BARRIER FOR MALE BALLET STUDENTS WITH TUITION ASSISTANCE AND, IN SOME CASES, HOUSING ASSISTANCE. THE PROCESS OF AWARDING THESE SCHOLARSHIPS INVOLVES AN AUDITION AND REVIEW BY SCHOOL DIRECTORS. STUDENTS ARE ACCEPTED OR REJECTED BASED ON THEIR EVALUATION AND AWARDED TUITION AND HOUSING SCHOLARSHIPS ACCORDINGLY. X X X X 0 0 0 0 0 0 0 0 0 TERRENCE ORR 162873 0 0 0 0 0 4886 0 4019 0 171778 0 0 0 HARRIS FERRIS 179231 0 0 0 0 0 5377 0 4019 0 188627 0 0 0 X 5 106415 FMV X BALLET SHOES 1 13526 FMV X COSTUME FABRIC 1 27194 FMV 0 0 0 1 THIRD PARTY USE: PART I, LINE 32B: THE ORGANIZATION USES AN UNRELATED THIRD PARTY BROKERAGE FIRM TO SELL PUBLICLY TRADED SECURITIES. FORM 990, PART VI, SECTION B, LINE 11 THE DRAFT FORM 990, 990-T AND REQUIRED SCHEDULES ARE REVIEWED BY THE ORGANIZATION'S INTERNAL MANAGEMENT AS WELL AS THE BOARD'S FINANCE AND AUDIT COMMITTEE. UPON COMPLETION OF THIS REVIEW, THE FORMS ARE FINALIZED AND A COMPLETE COPY IS PROVIDED TO THE BOARD OF TRUSTEES PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, OFFICERS, DIRECTORS AND KEY EMPLOYEES RECEIVE A COPY OF THE ORGANIZATION'S EXISTING CONFLICT OF INTEREST POLICY ALONG WITH A CONFLICT OF INTEREST DISCLOSURE FORM FOR COMPLETION. CONFLICT OF INTEREST STATEMENTS ARE REVIEWED AND UPDATED BY THE GOVERNANCE COMMITTEE ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION'S COMPENSATION IS COMPARED WITH OTHER LOCAL ART ORGANIZATIONS AS WELL AS WITH OTHER BALLET COMPANIES THAT ARE SIMILAR IN SIZE AND HAVE THE SAME DEMOGRAPHICS. THE BALLET IS ALSO A MEMBER OF DANCE USA WHICH PROVIDES COMPENSATION DATA FOR BALLET COMPANIES AROUND THE UNITED STATES BY BUDGET SIZE. FORM 990, PART VI, SECTION C, LINE 19 A COPY OF THE ORGANIZATION'S CONFLICT OF INTEREST POLICY, GOVERNING DOCUMENTS AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 1,402,109. FINANCIAL STATEMENTS AND REPORTING FORM 990, PART XII, LINE 2C: THE THEATRE'S FINANCIAL STATEMENTS ARE AUDITED BY AN INDEPENDENT ACCOUNTING FIRM. IN ADDITION, THE THEATRE HAS A COMMITTEE THAT ASSUMES THE RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND ITS SELECTION OF THE INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. IDENTIFICATION OF RELATED ORGANIZATIONS TAXABLE AS A TRUST SCHEDULE R, PART IV: THE PITTSBURGH BALLET THEATRE'S RELATED ORGANIZATION, PITTSBURGH BALLET THEATRE CHARITABLE FOUNDATION ("FOUNDATION"), WAS RECENTLY ADVISED THAT THEY WERE NO LONGER EXEMPT UNDER 501(C)(3) OF THE INTERNAL REVENUE CODE DUE TO THE LACK OF FILING ANNUAL RETURNS WITH THE INTERNAL REVENUE SERVICE. THE FOUNDATION IS CURRENTLY WORKING WITH THE INTERNAL REVENUE SERVICE TO REINSTATE ITS TAX EXEMPT STATUS. NON-VOTING MEMBERS - FORM 990, PART VII: LOTI GAFFNEY, TRUSTEE EMERITUS AND VIOLETTE VERDY, HONORARY TRUSTEE. PITTSBURGH BALLET THEATRE CHARITABLE FOUNDATION ONE RIVERFRONT CENTER PITTSBURGH PA 15222 251479790 TO PROVIDE PERFORMANCE & STORAGE FACILITIES FOR THE BENEFIT OF PBT PA N/A T 1 8 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0