2011-05-05T16:52:51-05:00 2010-06-30 SCHNEIDER DOWNS & CO INC 1133 PENN AVENUE PITTSBURGH PA 15222 990 2009-07-01 237101094 PITTSBURGH BALLET THEATRE INC PITT 4122810360 2900 LIBERTY AVENUE PITTSBURGH PA 152011500 HARRIS FERRIS 4122810360 2011-05-05 1 Susan M Kirsch 4122613644 2009 2016-02-24 21:20:13Z HARRIS FERRIS 2900 LIBERTY AVENUE PITTSBURGH PA 152011500 9863152 0 X www.pbt.org X 1969 PA THE ORGANIZATION IS COMMITTED TO THE DEVLOPMENT OF AN INTERNATIONALLY RECOGNIZED BALLET COMPANY. 42 41 231 56 20813 -16929 2380543 4166617 3597958 3204365 170724 179418 160894 131761 6310119 7682161 203198 328639 0 2973353 3009779 148502 6458 397292 4349898 3980259 7674951 7325135 -1364832 357026 11064545 13217423 2170163 2804375 8894382 10413048 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 4955797 54441 2000633 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. 1072469 274198 1189570 SCHOOL AND ART EDUCATION - 351 STUDENTS ARE ENROLLED IN THE PROGRAM WHICH ATTRACTS, DEVELOPS AND RETAINS EXCELLENT DANCERS AS WELL AS ARTISTIC, PRODUCTION AND ADMINISTRATIVE PERSONNEL COSTS SUPPORTED BY TUITION. 6028266 1 1 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 43 0 231 1 1 1 0 0 0 0 1 1 0 0 0 42 41 1 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 CAROLYN M BYHAM 0.10 X X 0 0 0 MARK POPOVICH 0.10 X X 0 0 0 JAMES E CROCKARD III 0.10 X X 0 0 0 SHELLEY TAYLOR 0.10 X X 0 0 0 HAL K WALDMAN 0.10 X 0 0 0 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 DAVID BUSH 0.10 X 0 0 0 CHRISTINE CAMSUZOU 0.10 X 0 0 0 JAY COSTA JR 0.10 X 0 0 0 DEBRA DERMODY ESQ 0.10 X 0 0 0 KAYE R DESCH 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 MELISSA A HART 0.10 X 0 0 0 MICHAEL J HAVER 0.10 X 0 0 0 TIMOTHY KOMEN 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 CYNTHIA MCNULTY 0.10 X 0 0 0 LEROY L METZ II 0.10 X 0 0 0 KATHLEEN MICLOT 0.10 X 0 0 0 JOHN PIPPY 0.10 X 0 0 0 KATHY PITSON DO 0.10 X 0 0 0 ROBERT PISTON MD 0.10 X 0 0 0 STEPHEN PLUT 0.10 X 0 0 0 RICHARD E RAUH 0.10 X 0 0 0 LISA SAPERSTEIN 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 TERRENCE ORR 40.00 X 160869 0 8803 HARRIS FERRIS 40.00 X 176885 0 7660 JAY ROMANO 40.00 X 103280 0 7075 441034 0 23538 3 0 1 0 JENDOCO CONSTRUCTION CORP 2000 LINCOLN ROAD PITTSBURGH PA 15235 BUILDING RENOVATIONS 609070 BEYOND SPOTS AND DOTS INC 1034 FIFTH AVENUE 1ST FLOOR PITTSBURGH PA 15219 ADVERTISING SERVICES 257562 2 80000 983175 3103442 140308 4166617 PERFORMANCE TICKET 711190 1885369 1885369 SCHOOL TUITION 611710 1181791 1181791 BALLET COMPANY TOURING 711190 86640 86640 COSTUMES & SET INCOME 711190 21620 21620 Program Advertising 541800 21251 21251 7694 7694 3204365 174224 174224 2088888 350 2084044 4844 350 5194 5194 219486 80000 94376 125110 125110 9222 2571 6651 7089 -438 7682161 3190203 20813 304528 54441 54441 274198 274198 468205 170673 250872 46660 1947765 1607880 146277 193608 56925 46992 4275 5658 364919 301241 27405 36273 171965 141957 12915 17093 22247 22247 24108 24108 6057 6057 6458 6458 63410 63410 12936 5031 7905 563823 554431 9392 50812 24742 11303 14767 34576 9995 10634 13947 181192 60837 117501 2854 33347 25861 2222 5264 2601 2250 351 372540 274049 93175 5316 53728 53728 DIRECT PRODUCTION 1339450 1339450 SCHOOL EXPENSE 727250 727250 GENERAL PRODUCTION 171369 171369 TOUR 108296 108296 ARTS EDUCATION 71021 71021 141496 41336 74471 25689 7325135 6028266 899577 397292 643721 707578 169128 139714 446922 948923 27205 16759 16201 10981 345283 372060 9046438 6204149 1860102 2842289 6915111 7535559 319193 337799 321679 305761 11064545 13217423 311078 171352 1015045 1066128 844040 1241107 0 325788 2170163 2804375 X 341755 133336 1182991 2268370 7369636 8011342 8894382 10413048 11064545 13217423 X 0 1 1 X 0 X 1709794 2765685 4021767 2380543 4166617 15044406 1709794 2765685 4021767 2380543 4166617 15044406 862878 14181528 16702 301066 515379 253652 53885 1140684 34618 23557 58175 699 14697 5022 493 350 21261 16264526 17645186 0.87190 0.84640 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 6057 0 0 6057 0 Part II-B, Line 1i: Explanation of Other Lobbying Activities: THE BALLET HIRED A CONSULTANT TO MEET WITH GOVERNMENTAL AGENCIES AND LEGISLATORS IN AN ATTEMPT TO SECURE ADDITIONAL GOVERNMENT FUNDING. 6985570 1239044 613500 7611114 8988411 -1521557 480284 6985570 0.00000 1.00000 0.00000 0 0 6287391 4287448 1999943 723160 24245 698915 2035887 1892456 143431 2842289 CONSTRUCTION PAYABLE 325788 325788 7682161 7325135 357026 1161640 1161640 1518666 9013586 1161640 136248 96947 1394835 7618751 63410 63410 7682161 7494920 136248 96947 233195 7261725 63410 63410 7325135 Part V, Line 4: Description of Intended Use of Endowment Funds: 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, 2010, 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 Part X: Description of Uncertain Tax Positions Under FIN 48: 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. EFFECTIVE JULY 1, 2009, THE BALLET IMPLEMENTED THE CODIFICATION TOPIC, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE TOPIC CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS AND PRESCRIBES RECOGNITION THRESHOLDS AND MEASUREMENT PRINCIPLES FOR FINANCIAL STATEMENT DISCLOSURE OF TAX POSITIONS TO BE TAKEN ON A TAX RETURN. THE BALLET HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS REQUIRING AN ACCRUAL OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE ADOPTION OF THIS TOPIC DID NOT HAVE A SIGNIFICANT IMPACT ON THE BALLET'S FINANCIAL STATEMENTS. Part XII, Line 2d - Other Adjustments: SPECIAL EVENT EXPENSES ($94,376) Cost of Goods Sold ($2,571) Part XIII, Line 2d - Other Adjustments: SPECIAL EVENT EXPENSES ($94,376) Cost of Goods Sold ($2,571) ANNUAL BALL 299486 80000 219486 33000 17842 17768 25766 299486 80000 219486 33000 17842 17768 25766 94376 125110 1 PITTSBURGH OPERA INC 2425 LIBERTY AVENUE PITTSBURGH PA 15222 251073139 509(a)(2) 16391 0 N/A N/A TO SUPPORT HOLOCAUST PROGRAMMING CHATHAM UNIVERSITY WOODLAND ROAD PITTSBURGH PA 15232 250717890 170(B)(1)(A)(II) 13050 0 N/A N/A TO SUPPORT HOLOCAUST PROGRAMMING JEWISH FEDERATION OF GREATER PITTSBURGH 5738 DARLINGTON ROAD FL 2 PITTSBURGH PA 15217 251017602 170(B)(1)(A)(VI) 25000 0 N/A N/A TO SUPPORT HOLOCAUST PROGRAMMING 3 0 TUITION SCHOLARSHIP 34 113670 N/A N/A HOUSING ASSISTANCE 25 55600 N/A N/A TUITION FINANCIAL AID 77 104928 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 160869 0 0 0 0 0 4826 0 3977 0 169672 0 0 0 HARRIS FERRIS 176885 0 0 0 0 0 3683 0 3977 0 184545 0 0 0 X 3 125183 FMV X BALLET SHOES 1 15125 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 A, line 2 TRUSTEES KATHY PISTON, D.O. AND ROBERT PISTON, M.D. HAVE A FAMILY RELATIONSHIP. 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. FORM 990, PART XI, LINE 2C FINANCIAL STATEMENTS AND REPORTING 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. SCHEDULE R, PART IV IDENTIFICATION OF RELATED ORGANIZATIONS TAXABLE AS A TRUST 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. FORM 990, PART VII NON-VOTING MEMBERS LOTI GAFFNEY, TRUSTEE EMERITUS AND VIOLETTE VERDY, HONORARY TRUSTEE, HAVE NO VOTING RIGHTS. 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 300000 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0