2026-03-09T15:42:52-05:00 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 2026-03-09 1 0 MICHAEL WALLACE P00881958 2126972299 2024 2025-03-06 01:10:19Z X AMERICAN BALLET THEATRE BARRY HUGHSON 890 BROADWAY 3RD FLOOR NEW YORK NY 10003 47586441 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. 39 37 769 37 0 0 13663426 19912696 20643996 19275280 1325952 1570358 245109 254267 35878483 41012601 865489 937206 0 0 31379726 30911794 269751 320502 2988721 22674285 22930334 55189251 55099836 -19310768 -14087235 75456104 63573623 31778276 32018643 43677828 31554980 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 38105842 12561357 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. 2684249 920704 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. 7668589 937206 5853619 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. 48458680 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 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 1 196 0 1 769 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 39 37 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 ALEXANDRA AIRTH TRUSTEE 1.00 X 0 0 0 DONNA CALAMARI TRUSTEE 1.00 X 0 0 0 ARIELLE PATRICK TRUSTEE 1.00 X 0 0 0 ALEXIS STILES 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 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 2504917 156185 17251594 3953810 19912696 PERFORMANCE RECEIPTS 711120 13361647 13361647 TUITION INCOME 611710 4848863 4848863 PROGRAM FEES - EDUCATION 611710 591984 591984 HOUSING INCOME 711120 470386 470386 COSTUME RENTAL 711120 2400 2400 19275280 751342 751342 75000 75000 6422448 5603432 819016 819016 819016 930589 2504917 930589 0 86537 39819 46718 46718 132549 13682 118867 132549 41012601 19335680 0 1764225 658200 658200 279006 279006 1444482 518554 695662 230266 21222238 19419796 749742 1052700 1091289 1084618 6671 4877381 4613653 134169 129559 2276404 2025891 133066 117447 147950 96100 15952 35898 710414 710414 320502 320502 124971 124971 1326245 629551 439622 257072 2103408 2103408 236818 167175 28831 40812 169693 10385 158044 1264 543722 543722 3123974 2993563 61878 68533 2497776 2447797 38331 11648 779731 472027 98774 208930 1546911 1453856 34225 58830 313837 191382 39311 83144 VENUE LABOR & RENTAL 5473358 5473358 PRODUCTION 1454100 1454100 CREDIT CARD & BANK FEES 868426 713779 18442 136205 SHOES AND TIGHTS 334528 334528 1174472 774231 164330 235911 55099836 48458680 3652435 2988721 14233473 5163380 112074 6532909 3137297 886326 648664 26973 12129 1554023 3021960 27938216 23009003 4692981 4929213 27925375 29297993 19491970 17362987 75456104 63573623 4992162 5341155 985990 1243641 9000000 10750000 16800124 14683847 31778276 32018643 X 10895072 2777265 32782756 28777715 43677828 31554980 75456104 63573623 X -14087235 2014387 -50000 X 0 1 X 1 0 X 22067546 46231788 19673336 13513426 19912696 121398792 22067546 46231788 19673336 13513426 19912696 121398792 11681112 109717680 637908 858403 863769 630682 826342 3817104 1054687 53477 92188 225825 132549 1558726 126774622 70051255 0.86550 0.88850 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 26926064 3480738 1300000 124965 28981837 24519702 3832858 1300000 126496 26926064 30866792 122571 -4599399 1750000 120262 24519702 26365262 700000 3937345 135815 30866792 24202403 602476 2797829 1120000 117446 26365262 0.21440 0.61772 0.16788 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 2990604 OPERATING LEASE RIGHT-OF-USE ASSETS 14168383 17362987 OPERATING LEASE LIABILITIES 14683847 14683847 42852017 2014387 -50000 1964387 40887630 124971 124971 41012601 54974865 0 54974865 124971 124971 55099836 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 PLEDGES -50,000. 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 2500 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 21753 TUITION ASSISTANCE BOOK VALUE SCHOLARSHIPS SOUTH AMERICA 5 50110 TUITION ASSISTANCE BOOK VALUE SCHOLARSHIPS SUB-SAHARAN AFRICA 3 11275 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 3435506 136306 3299200 SD&A TELESERVICES 5757 WEST CENTURY BLVD LOS ANGELES CA 90045 TELEMARKETING SERVICES 0 269657 184196 85461 3705163 320502 3384661 NY CA CT FL NJ OH IL PA VA FALL GALA 1443971 1061730 382241 382241 SPRING GALA 1279038 901439 377599 377599 2 712497 541748 170749 170749 3435506 2504917 930589 930589 930589 0 1 SCHOLARSHIPS 242 87763 570437 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 1 0 X X X 0 0 0 0 0 0 0 0 0 BARRY HUGHSON EXECUTIVE DIRECTOR (AS OF 3/2024) 327888 0 50000 0 55000 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 PART I, LINE 1A ABT PROVIDES A TAXABLE HOUSING ALLOWANCE OF $55,000 TO BARRY HUGHSON, EXECUTIVE DIRECTOR. 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. A COMPLETE COPY OF THE 990 WAS SENT TO THE BOARD FOR REVIEW PRIOR TO BEING FILED. 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. FORM 990, PART XI, LINE 9: REVERSAL OF PRIOR YEAR RESTRICTED PLEDGES -50,000. FORM 990, PAGE 1, SECTION B, AMENDED RETURN THE FOLLOWING INFORMATION IN THIS 2024 FORM 990 FOR THE YEAR ENDED DECEMBER 31, 2024 HAS BEEN REVISED BASED ON THE COMPLETION OF THE INDEPENDENT AUDIT OF THE ORGANIZATION'S FINANCIAL STATEMENTS. THE AMENDED RETURN CONTAINS CHANGES TO PARTS I THROUGH XII, SCHEDULES A, B, D, F, G, AND I THAT CONFORM TO THE ORGANIZATION'S COMPLETED FINANCIAL STATEMENT.