Better Business Bureau Report for
Louisville Ballet

Better Business Bureau Report issued April 2018
Better Business Bureau Report expires April 2019


This BBB Accredited charity meets all 20 Standards for Charity Accountability. Find out more...


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Charity Contact Information

Name: Louisville Ballet
Address: 315 E. Main St.
  Louisville , KY 40202
Phone: (502) 583-3150
Web Address: https://www.louisvilleballet.org/
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Better Business Bureau Comments

Year, State Incorporated: 2002, Kentucky
Affiliates: None
Stated Purpose: Mission Statement: Inspire audiences through human connection, collaboration, and creativity by making moving art. MAKING: Louisville Ballet is a creative, innovative organization that is constantly delivering dance art that is current and inspiring. The organization delivers arts professionals that are at the forefront of the industry. Louisville Ballet constantly delivers community benefits that are unique and inimitable. It constantly delivers creative solutions to the business challenges that are required for sustainability. MOVING: Louisville Ballet is moving forward to raise its level of performance to be competitive on the global stage, both in terms of artistry and administration. Louisville Ballet is striving to touch our audiences, from near and far, with inspiration, motivation and respectful challenge. ART: Louisville Ballet is perpetuating the profound belief that ballet is a contemporary art form. Where ballet can be the facilitator and the foundation, of creative teams that unite arts genres for a complete educational experience. And Louisville Ballet is making art that moves. It is creating in the moment, live art. It is making moving art ...

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Evaluation Conclusions

              

Louisville Ballet meets the 20 Standards for Charity Accountability.
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Programs

              

Louisville Ballet main-stage productions are carried out during a season which runs from September through April. More than 45 performances, including new works programs through Choreographers' Showcase, take place in its studios and numerous public venues (The Kentucky Center for Performing Arts, Brown Theatre, Light-up Louisville, Central Park, etc.). In addition to its mainstage season, Louisville Ballet delivers significant community outreach and collaborative performances through Louisville Ballet School and other programs. The organization engages more than 72,000 individuals annually which includes more than 19,000 through outreach programming.

For the fiscal year ended May 31, 2017, Louisville Ballet's program expenses were:

  
Production 3,401,959
Support 359,213
Facilities 279,390
Total Program Expenses: $4,040,562
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Governance

              

Chief Executive : Robert Curran, Artistic & Executive Director
Compensation*: 
$125,000

Chair of the Board: Lisa Patrick Leet
Chair's Profession / Business Affiliation: Attorney/HR Professional (Retired)

Board Size: 23

Paid Staff Size: 64

*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising

              

Method(s) Used:

Direct mail, invitations to fund raising events, print advertisements, grant proposals, internet, planned giving arrangements, cause-related marketing, membership, strategic personal soliticitations
Fund raising costs were 9% of related contributions. (Related contributions, which totaled $1,936,842, are donations received as a result of fund raising activities.)
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Tax Status

              

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
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Financial

              

The following information is based on Louisville Ballet's audited financial statements for the fiscal year ended May 31, 2017.

Ending net assets as reported below include $87,736 in unrestricted net assets, $696,875 in temporarily restricted net assets and $132,582 in permanently restricted assets.

Total assets as reported below include $724,574 invested in furniture and equipment, net.

Source of Funds  
Corporate, grants, individual and event contributions 1,691,627
Ticket Sales 1,053,528
School and education 650,282
In-kind Services 175,275
Government 69,940
Sales and Rentals 17,105
Investment Income 5,706
Miscellaneous 2,987
Total Income $3,666,450


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Uses of Funds as a % of Total Expenses

Programs: 88%  Fund Raising: 4%  Administrative: 8% 

Total income $3,666,450
Program expenses $4,040,562
Fund raising expenses 182,219
Administrative expenses 347,765
Total expenses $4,570,546
Expenses in Excess of Income (904,096)
Beginning net assets 1,811,094
Other Changes in Net Assets 10,195
Ending net assets 917,193
Total liabilities 272,874
Total assets $1,190,067


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An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the BBB Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.

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