2021-11-04T15:29:27-05:00 2020-12-31 131655065 LUTZ AND CARR CPAS LLP 551 FIFTH AVENUE SUITE 400 NEW YORK NY 10176 990 2020-01-01 131882106 BALLET THEATRE FOUNDATION INC BALL 2124773030 890 BROADWAY 3RD FLOOR NEW YORK NY 10003 SHAWN DAVIDSON CFO 2124773030 2021-11-04 1 SHAWN DAVIDSON 999009999 MICHAEL WALLACE P00881958 2126972299 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z AMERICAN BALLET THEATRE SHAWN DAVIDSON 890 BROADWAY 3RD FLOOR NEW YORK NY 10003 38576122 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. 46 44 493 75 0 0 22278176 21717546 23738059 4848324 962605 370319 174206 1096217 47153046 28032406 791851 646174 0 0 27266693 19233663 418734 151419 2386558 20525551 9709323 49002829 29740579 -1849783 -1708173 60582745 65047659 14635062 18539558 45947683 46508101 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 18857588 245525 SEASONS:IN MARCH 2020, THE UNITED STATES OF AMERICA DECLARED THE GLOBAL PANDEMIC NOVEL CORONAVIRUS COVID-19 OUTBREAK A NATIONAL EMERGENCY. THE FOUNDATION CANCELED ITS TOURS ORIGINALLY SCHEDULED FOR MARCH AND APRIL 2020, IN ADDITION TO THE SPRING AND FALL SEASONS AT THE METROPOLITAN OPERA HOUSE AND DAVID H. KOCH THEATER, RESPECTIVELY. MANAGEMENT IMMEDIATELY BEGAN TO ASSESS THE POTENTIAL IMPACT OF THE LOSS OF EARNED INCOME SOURCES AND TOOK INITIAL ACTION TO EXAMINE OPPORTUNITIES TO MANAGE COSTS, MAKING REDUCTIONS WHERE FEASIBLE. TO HELP OFFSET LOST REVENUE OPPORTUNITIES, APPEALS WERE MADE TO MAJOR DONORS TO REQUEST ACCELERATION OF THEIR ANNUAL CONTRIBUTIONS, AND TO REQUEST THAT GRANTS BE ALLOCATED TO GENERAL OPERATING EXPENSES RATHER THAN DONOR RESTRICTED PURPOSES OR SPECIFIC PROGRAMS THAT WERE NOT FEASIBLE DUE TO COVID-19 RESTRICTIONS. IN ADDITION, A CRISIS RELIEF FUND WAS ESTABLISHED TO HELP SUSTAIN THE COMPANY'S ARTISTS DURING THE STATE OF EMERGENCY. WITH THE ABSENCE OF ONSTAGE PERFORMANCE OPPORTUNITIES, THE FOUNDATION IS WORKING TO ADAPT INTO THE DIGITAL SPACE WHEREVER POSSIBLE. EDUCATIONAL PROGRAMS, AS AN EXAMPLE, HAVE SHIFTED TO ONLINE COURSE OFFERINGS. DURING THESE CHALLENGING AND CHANGING TIMES, THE FOUNDATION IS ACTIVELY MANAGING ITS OPERATIONS AND STRATEGIES TO ENSURE IT CAN CONTINUE TO PRESENT CLASSICAL BALLET TO THE WIDEST POSSIBLE AUDIENCE DURING THE GLOBAL PANDEMIC AND BEYOND. 4440835 646174 3774277 EDUCATIONAL TRAINING AND OUTREACH: IN 2020, AMERICAN BALLET THEATRE'S DEPARTMENT OF EDUCATION AND TRAINING REACHED OVER 240,000 INDIVIDUALS THROUGH SYNCHRONOUS AND ASYNCHRONOUS PROGRAMS. ABT'S PRIMARY OUTREACH PROGRAM IS ABT AT SCHOOL: SERVING 10 NYC SCHOOLS ENGAGING OVER 1,400 STUDENTS. ABT'S STUDENT TRAINING PROGRAMS INCLUDE THE JACQUELINE KENNEDY ONASSIS SCHOOL (360 STUDENTS); SUMMER INTENSIVES HELD VIRTUALLY (1,450 STUDENTS) AND ABT STUDIO COMPANY (15 STUDENTS), A PRE-PROFESSIONAL PROGRAM. ABT'S TEACHER TRAINING PROGRAM (ABT NATIONAL TRAINING CURRICULUM) HAD 615 NEWLY CERTIFIED TEACHERS ENROLLED IN ITS 2020 COURSES. TO DATE, THE PROGRAM HAS CERTIFIED 2,500 TEACHERS IN 49 STATES AND 46 COUNTRIES. 1590333 870000 TOURING: ABT'S TOURING BRINGS CLASSICAL BALLET TO AUDIENCES ACROSS THE COUNTRY AND AROUND THE WORLD. TOURING THROUGH EARLY MARCH 2020 INCLUDED REGULAR RESIDENCIES AT THE JOHN F. KENNEDY CENTER FOR THE PERFORMING ARTS IN WASHINGTON, DC AND THE SEGERSTROM CENTER FOR THE ARTS IN COSTA MESA. ALL REMAINING TOURING FOR 2020 WAS CANCELED DUE TO THE COVID-19 OUTBREAK. TOURS THAT WERE CANCELED INCLUDED DOMESTIC VISITS TO THE AUDITORIUM THEATRE OF ROOSEVELT UNIVERSITY IN CHICAGO, MICHIGAN OPERA THEATER IN DETROIT, AND DURHAM PERFORMING ARTS CENTER AT DUKE UNIVERSITY. CANCELED INTERNATIONAL TOURS INCLUDED VISITS TO THE EMIRATES PALACE AUDITORIUM IN ABU DHABI, SHANGHAI GRAND THEATRE IN SHANGHAI, AND THE NATIONAL CHINA PERFORMING ARTS CENTER IN BEIJING. 24888756 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 1 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 87 0 1 493 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 46 44 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 GODWIN FARRUGIA 2124773030 890 BROADWAY 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 CHAIRMAN 5.00 X X 0 0 0 NANCY HAVENS-HASTY TREASURER 5.00 X X 0 0 0 MELISSA A SMITH SECRETARY 5.00 X X 0 0 0 LINDA ALLARD TRUSTEE 1.00 X 0 0 0 FRANCESCA MACARTNEY BEALE TRUSTEE 1.00 X 0 0 0 HAMISH BOWLES TRUSTEE 1.00 X 0 0 0 DAMIEN CALDERINI TRUSTEE 1.00 X 0 0 0 VALENTINO D CARLOTTI TRUSTEE 1.00 X 0 0 0 CARRIE GAISER CASEY TRUSTEE 1.00 X 0 0 0 LISA SMITH CASHIN TRUSTEE 1.00 X 0 0 0 AMY CHURGIN TRUSTEE 1.00 X 0 0 0 SUSAN FEINSTEIN TRUSTEE 1.00 X 0 0 0 SONIA FLORIAN TRUSTEE (THROUGH OCT. 2020) 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 WILLIAM GILLESPIE TRUSTEE (THROUGH OCT. 2020) 1.00 X 0 0 0 SHEILA GRANT TRUSTEE (THROUGH MAR. 2020) 1.00 X 0 0 0 BRIAN J HEIDTKE 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 ALISSA HSU LYNCH 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 REYNOLD LEVY TRUSTEE 1.00 X 0 0 0 SHARI LOEFFLER TRUSTEE 1.00 X 0 0 0 SHELLY LONDON TRUSTEE 1.00 X 0 0 0 PAULA MAHONEY TRUSTEE 1.00 X 0 0 0 DIEGO MARROQUIN TRUSTEE 1.00 X 0 0 0 NANCY MCCORMICK TRUSTEE 1.00 X 0 0 0 KARA MOORE TRUSTEE 1.00 X 0 0 0 PATRICIA R MORTON TRUSTEE 1.00 X 0 0 0 RUTH NEWMAN TRUSTEE 1.00 X 0 0 0 MICHAEL PAULL TRUSTEE 1.00 X 0 0 0 KAREN PHILLIPS TRUSTEE 1.00 X 0 0 0 DAVID RABKIN TRUSTEE 1.00 X 0 0 0 MATTHEW RUBEL TRUSTEE 1.00 X 0 0 0 JENNA SEGAL TRUSTEE 1.00 X 0 0 0 JONATHAN SCHILLER TRUSTEE 1.00 X 0 0 0 STEWART SMITH TRUSTEE 1.00 X 0 0 0 MARTIN SOSNOFF 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 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 KARA M BARNETT EXECUTIVE DIRECTOR 40.00 X X 400775 0 22490 KEVIN MCKENZIE ARTISTIC DIRECTOR 40.00 X X 397911 0 13412 GEORGIA SIAMPALIOTI CHIEF ADVANCEMENT OFFICER 40.00 X 218258 0 13412 SHAWN DAVIDSON CHIEF FINANCIAL OFFICER 40.00 X 177630 0 390 DAVID LANSKY GENERAL MANAGER 40.00 X 175784 0 13412 ERIN MATSON MARKETING DIRECTOR 40.00 X 185142 0 13412 KYLE RIDAUGHT DIRECTOR OF CAPITAL PROJECTS 40.00 X 174567 0 13412 CHERYL KOHN DIRECTOR OF LEADERSHIP GIFTS 40.00 X 162615 0 13412 KIMBERLY SHARIFF CHIEF ADMINISTRATIVE OFFICER 40.00 X 161687 0 13412 2054369 0 116764 21 0 1 0 SD & A TELESERVICES INC 5757 WEST CENTURY BLVD SUITE 300 LOS ANGELES CA 90045 TELEFUNDRAISING 266790 CLARK TRANSFER INC 800A PAXTON STREET HARRISBURG PA 171041647 SHIPPING 231699 PRINTS CHARMING PRINTERS PO BOX 750 BOOTHBAY ME 04537 PRINTING SERVICES 177956 MANHATTAN SCHOOL OF MUSIC 120 CLAREMONT AVENUE NEW YORK NY 10027 EDUCATION 112507 GLOBAL SCENIC SERVICES 46 BROOKFIELD AVENUE BRIDGEPORT CT 06610 COSTUME CONSTRUCTION 107365 5 858665 185000 20673881 1125292 21717546 TUITION INCOME 611710 3509301 3509301 PERFORMANCE RECEIPTS 711120 1047047 1047047 PROGRAM FEES - EDUCATION 611710 236358 236358 HOUSING INCOME 711120 28618 28618 COSTUME RENTAL 711120 26295 26295 705 705 4848324 637856 637856 52 52 10275066 10542603 -267537 -267537 -267537 0 858665 0 0 18147 1113 17034 17034 INSURANCE PROCEEDS 900099 1000000 1000000 79131 24444 54687 1079131 28032406 4889802 0 1425058 549665 549665 96509 96509 1244278 411323 601285 231670 12282986 10353668 1076943 852375 358802 358802 4359805 4057958 187201 114646 987792 787043 105213 95536 173122 124322 20830 27970 60492 60492 151419 151419 117446 117446 812121 665464 79943 66714 915715 915715 245477 134996 24255 86226 115094 72992 23605 18497 70577 70577 1143166 1085019 28514 29633 1303575 1297673 4398 1504 305463 171200 54370 79893 2070835 2033468 28619 8748 144703 82481 18811 43411 VENUE LABOR 606566 606566 PRODUCTION 376483 376483 CREDIT CARD & BANK FEES 348490 231597 16778 100115 SHOES AND TIGHTS 258915 258915 641083 146320 16562 478201 29740579 24888756 2465265 2386558 3613230 10006635 5754339 6565255 11592860 9615424 864944 1912115 72021 72021 4665001 2002171 22729010 16990001 6679044 5739009 24202403 26340261 3138903 2794768 60582745 65047659 4840359 4208884 1804758 853573 7989945 7977101 5500000 14635062 18539558 X 6599452 2533214 39348231 43974887 45947683 46508101 60582745 65047659 X -1708173 2523910 -255319 X 0 1 X 1 0 X 23092441 25679371 24282900 22278176 21717546 117050434 23092441 25679371 24282900 22278176 21717546 117050434 12064571 104985863 1031756 921251 800994 803770 637908 4195679 79186 167153 244726 159690 1054687 1705442 122951555 107603752 0.85390 0.85460 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 24202403 602476 2797829 1120000 117446 26365262 21449565 4229566 1360000 116728 24202403 22113012 1750000 -1611229 685000 117218 21449565 19238314 500000 3380271 955000 50573 22113012 19422561 100000 666391 942000 8638 19238314 0.22050 0.64780 0.13170 0 0 1238635 1238635 0 3258041 2509174 748867 1414853 1218015 196838 16817481 12024177 4793304 5739009 30183551 2523910 -255319 2268591 27914960 117446 117446 28032406 29623133 0 29623133 117446 117446 29740579 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. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVERSAL OF PRIOR YEAR RESTRICTED PLEDGE -255,319. 1 EAST ASIA AND THE PACIFIC 0 18 PROGRAM SERVICES GRANT 57284 EUROPE 0 15 PROGRAM SERVICES GRANT 32950 NORTH AMERICA 0 1 PROGRAM SERVICES GRANT 4125 SOUTH AMERICA 0 1 PROGRAM SERVICES GRANT 1700 SUB-SAHARAN AFRICA 0 1 PROGRAM SERVICES GRANT 450 EUROPE 0 4 PROGRAM SERVICES OTHER ARTIC SERVICES 30175 EUROPE 0 1 PROGRAM SERVICES ROYALTIES 1000 EUROPE 0 4 PROGRAM SERVICES SET DESIGNER 57636 NORTH AMERICA 0 1 PROGRAM SERVICES TEACHER 4850 0 45 0 1 0 46 185320 4850 190170 SCHOLARSHIPS EAST ASIA AND THE PACIFIC 15 48850 TUITION ASSISTANCE BOOK VALUE SCHOLARSHIPS EUROPE 15 32950 TUITION ASSITANCE BOOK VALUE SCHOLARSHIPS NORTH AMERICA 1 4125 TUITION ASSISTANCE BOOK VALUE SCHOLARSHIPS SOUTH AMERICA 1 1700 TUITION ASSISTANCE BOOK VALUE SCHOLARSHIPS SUB-SAHARAN AFRICA 1 450 TUITION ASSISTANCE BOOK VALUE STIPENDS EAST ASIA AND THE PACIFIC 3 8434 PAID BY 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. PART III ACCOUNTING METHOD: X X X X X X X 1 SD&A TELESERVICES 5757 WEST CENTURY BLVD 300 LOS ANGELES CA 90045 TELEFUNDRAISING TO CURRENT AND FORMER DONORS 0 232216 111419 120797 BUCKLEY HALL EVENTS 17-19 MARBLE AVE PLEASANTVILLE NY 10570 NON-REFUNDABLE EVENT COORDINATOR FEE FOR CANCELLED GALA 0 0 40000 0 232216 151419 120797 NY CA CT FL NJ OH IL PA VA VIRTUAL GALA 858665 858665 858665 858665 1 SCHOLARSHIPS 190 53911 495754 BOOK 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 KARA M BARNETT EXECUTIVE DIRECTOR 400775 0 0 0 0 0 0 0 22490 0 423265 0 0 0 KEVIN MCKENZIE ARTISTIC DIRECTOR 397911 0 0 0 0 0 0 0 13412 0 411323 0 0 0 GEORGIA SIAMPALIOTI CHIEF ADVANCEMENT OFFICER 218258 0 0 0 0 0 0 0 13412 0 231670 0 0 0 SHAWN DAVIDSON CHIEF FINANCIAL OFFICER 177630 0 0 0 0 0 0 0 390 0 178020 0 0 0 DAVID LANSKY GENERAL MANAGER 175784 0 0 0 0 0 0 0 13412 0 189196 0 0 0 ERIN MATSON MARKETING DIRECTOR 185142 0 0 0 0 0 0 0 13412 0 198554 0 0 0 KYLE RIDAUGHT DIRECTOR OF CAPITAL PROJECTS 174567 0 0 0 0 0 0 0 13412 0 187979 0 0 0 CHERYL KOHN DIRECTOR OF LEADERSHIP GIFTS 162615 0 0 0 0 0 0 0 13412 0 176027 0 0 0 KIMBERLY SHARIFF CHIEF ADMINISTRATIVE OFFICER 161687 0 0 0 0 0 0 0 13412 0 175099 0 0 0 X 400 FMV X 29 1074030 FMV X AIR TICKETS 1 50862 AA VALUE TICKETS 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 SENIOR DIRECTOR OF FINANCE. THE FORM WAS THEN REVIEWED AND APPROVED AT A MEETING OF ABT'S AUDIT COMMITTEE. A COPY OF THE FINAL VERSION OF THE RETURN WAS EMAILED TO EVERY MEMBER OF THE BOARD OF GOVERNING TRUSTEES FOR A ONE WEEK REVIEW AND COMMENT PERIOD BEFORE BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C AFTER THE ANNUAL BOARD ELECTIONS 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 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. FORM 990, PART XI, LINE 9: REVERSAL OF PRIOR YEAR RESTRICTED PLEDGE -255,319.