BALLET THEATRE FOUNDATION INC Charity Report

Public IRS 990 nonprofit record

BALLET THEATRE FOUNDATION INC

EIN 13-1882106 · Arts, Culture & Humanities (A63Z)

What they do

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 AMERICAS NATIONAL BALLET COMPANY.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $87.90 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders46 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

118.16%of revenue went to mission work87.9% of expenses · Program services

7.29%of revenue went to fundraising5.4% of expenses

$137.12spent for every $100 of revenueSpending was higher than revenue this year.

8.91%of revenue went to management and office costs6.6% of expenses

$1.15in assets for every $1 spent this yearSome assets cannot be spent right away.

49.6%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $14,917,086 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $518,554 for SUSAN JAFFE (ARTISTIC DIRECTOR). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$41,012,601

Mission workProgram services$48,458,680118.16% of revenue87.9% of expenses

ManagementOffice and general costs$3,652,4358.91% of revenue6.6% of expenses

FundraisingAsking for donations$2,988,7217.29% of revenue5.4% of expenses

Total expenses$55,099,836134.35% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 87.9% mission · 6.6% management · 5.4% fundraisingTotal expenses: 134.35% of revenue

2023Expense mix: 86.9% mission · 7.0% management · 6.2% fundraisingTotal expenses: 153.82% of revenue

2022Expense mix: 84.9% mission · 9.1% management · 6.1% fundraisingTotal expenses: 120.74% of revenue

2021Expense mix: 81.3% mission · 10.7% management · 8.0% fundraisingTotal expenses: 52.44% of revenue

2020Expense mix: 83.7% mission · 8.3% management · 8.0% fundraisingTotal expenses: 106.09% of revenue

2019Expense mix: 88.0% mission · 6.0% management · 6.0% fundraisingTotal expenses: 103.92% of revenue

2018Expense mix: 88.1% mission · 5.8% management · 6.1% fundraisingTotal expenses: 93.89% of revenue

2017Expense mix: 87.9% mission · 5.2% management · 6.8% fundraisingTotal expenses: 80.67% of revenue

Money in and money out

Revenue$40,182,750

Expenses$55,099,836

Annual shortfall $14,917,086 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$48,458,680 · 87.9% of expenses

Management and office costs$3,652,435 · 6.6% of expenses

Fundraising$2,988,721 · 5.4% of expenses

See all reported dollar amounts

Revenue$40,182,750

Expenses$55,099,836

Assets$63,573,623

Income$47,586,441

Contributions$19,912,696

Mission work (program services)$48,458,680

Fundraising$2,988,721

Management and general$3,652,435

Executive compensation (total)$1,244,278

Stocks and bonds$29,297,993

Accounting fees$710,414

Investing fees$124,971

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

SUSAN JAFFEARTISTIC DIRECTOR · 40 hrs/week $518,554Base $501,081 · Other $17,473

BARRY HUGHSONEXECUTIVE DIRECTOR (AS OF 3/2024) · 40 hrs/week $439,966Base $432,888 · Other $7,078

HERMAN CORNEJOPRINCIPAL DANCER · 40 hrs/week $257,676Base $235,799 · Other $21,877

LOURDES LIZCHIEF MARKETING DIRECTOR · 40 hrs/week $255,696Base $238,294 · Other $17,402

PAUL STEARNSPRINCIPAL DANCER · 40 hrs/week $238,193Base $216,622 · Other $21,571

CHERYL KOHNDIRECTOR, LEADERSHIP GIFTS · 40 hrs/week $231,385Base $213,849 · Other $17,536

KYLE RIDAUGHTCHIEF ADVANCEMENT OFFICER · 40 hrs/week $230,266Base $212,769 · Other $17,497

HEE SEOPRINCIPAL DANCER · 40 hrs/week $228,534Base $207,134 · Other $21,400

JENELLE VINCENTCONTROLLER · 40 hrs/week $219,509Base $201,973 · Other $17,536

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (46)

SUSAN JAFFEARTISTIC DIRECTOR

BARRY HUGHSONEXECUTIVE DIRECTOR (AS OF 3/2024)

HERMAN CORNEJOPRINCIPAL DANCER

LOURDES LIZCHIEF MARKETING DIRECTOR

PAUL STEARNSPRINCIPAL DANCER

CHERYL KOHNDIRECTOR, LEADERSHIP GIFTS

KYLE RIDAUGHTCHIEF ADVANCEMENT OFFICER

HEE SEOPRINCIPAL DANCER

JENELLE VINCENTCONTROLLER

SARAH ARISONPRESIDENT

MICHAEL PAULLTRUSTEE

NANCY MCCORMICKTRUSTEE

PAMELA FORDTRUSTEE

PATRICIA R MORTONTRUSTEE

PAULA MAHONEYTRUSTEE

RICHARD PEPPERMANTRUSTEE

RUTGER VON POSTTRUSTEE

KARA MOOREVICE CHAIR

SHARAREH SIADATTRUSTEE

SHARON PATRICKVICE CHAIR

SHELLY LONDONTRUSTEE

STEWART SMITHSECRETARY

SUSAN FALES-HILLTRUSTEE

SUTTON STRACKETRUSTEE

VALENTINO D CARLOTTITRUSTEE

WENDY EVANS JOSEPHTRUSTEE

YONGSOO HUHTRUSTEE

DOUGLAS C WURTHTRUSTEE

ALEXIS STILESTRUSTEE

ALISSA HSU LYNCHTRUSTEE

ANDREW F BARTHCHAIRMAN

ANGELA H HOTRUSTEE

ARIELLE PATRICKTRUSTEE

BETH CHARTOFF SPECTORTRUSTEE

DMITRI POTISHKOTRUSTEE

DONNA CALAMARITRUSTEE

DOUGLAS TABISHTRUSTEE

MELISSA A SMITHVICE CHAIR AND TREASURER

FRANCESCA MACARTNEY BEALETRUSTEE

GWENDOLYN M FRAGOMENTRUSTEE

HAMISH BOWLESTRUSTEE

JAMES HEXTERTRUSTEE

JANINE RACANELLITRUSTEE

JENNA SEGALTRUSTEE

JOHN L WARDENTRUSTEE

ALEXANDRA AIRTHTRUSTEE

About this charity

Recognized since: January 1947
Location: 890 BROADWAY, NEW YORK, NY 10003-1211
County: New York
In care of: % GODWIN FARRUGIA
Primary officer: HEATHER LI, CFO

How to reach them

WebsiteVisit the charity’s website Emailmembership@abt.org Phone(212) 477-3030

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: LUTZ AND CARR CPAS LLP
NTEE classification: Arts, Culture & Humanities (A63Z)
IRS tax category: Fine Arts Schools