Nashville Ballet
3630 Redmon Street
Nashville TN 37209-4827
The Sleeping Beauty
Mission Statement

We create, perform, teach and promote dance as an essential and inspiring element of our community.

Leadership
CEO/Executive Director Mr. Paul Vasterling
Board Chair Mrs. Heather Thorne
Board Chair Company Affiliation Community Volunteer
History & Background
Year of Incorporation 1986
Organization's type of tax exempt status 501-C3
Financial Summary
 
 
Projected Expenses $4,058,892.00
Projected Annual Revenue $4,058,892.00 (2014)
Statements
Mission

We create, perform, teach and promote dance as an essential and inspiring element of our community.

Background

Nashville Ballet is the largest professional ballet company in Tennessee presenting a varied repertoire of classical ballet and contemporary works by noted choreographers, including original works by Artistic Director & CEO Paul Vasterling. Nashville Ballet and the second company NB2 (a pre-professional training company) serve nearly 60,000 adults and children annually through performances and our Outreach & Education programming. Curriculum-based outreach programs bring dance education to community centers, colleges, public libraries and public elementary, middle and high schools across the state. School of Nashville Ballet provides world-class instruction in ballet and other forms of dance for dancers of all ages.

 

Impact

 

Nashville Ballet is committed to providing diverse arts programming and opportunities within an equally diverse community through our season performances, comprehensive Outreach & Education programs, and School of Nashville Ballet.

Accomplishments

  • Nashville’s Nutcracker continues to involve over 175 community children in the youth cast
  • Nashville Ballet broke ticket sales and attendance records for Nashville’s Nutcracker in 2012 and Attitude in 2014 with a sellout.
  • Recipients of a National Endowment of the Arts Grant for Petite Mort as part of the 2014 Ben Folds Project
  • Since 2012, School of Nashville Ballet enrollment has increased 43% now serving a total of 1,175 students
  • Annually, Nashville Ballet reaches nearly 30,000 children, youth and adults through the Outreach & Education programs during the school and performance year in 15 counties throughout Middle Tennessee.

Goals

  • Increase enrollment for  School of Nashville Ballet - camps, summer intensive, academic year classes therefore elevating the talent level and diversity of students
  • Recognition on a national level for our repertory
  • Create a new outreach ballet aimed at middle school aged students; a first step toward expanding outreach's residency program into middle schools
  • Develop SNB classes for Seniors which focus on using dance as an exercise to increase balance and core strength 

 

Needs

Nashville Ballet has a budget of approximately $4.1 million that is supported by ticket sales and charitable contributions. What many people don't know is that ticket sales cover part of Nashville Ballet's operating costs. The remaining revenue must be raised from charitable contributions, making every donation truly significant. As Nashville Ballet continues to strive to be the best ballet company and school in the region, consistent support from the community is essential for the following:

 

1) Annual General Operations: funds that are unrestricted and used to support Nashville Ballet's mission-related activities.

2) School of Nashville Ballet: students depend on the school to provide the finest teachers, state-of-the-art studios and scholarships every year

3) Outreach & Education: Over 30,000 people participate in our Community Programs annually from school children, teachers and Middle Tennessee families to fellow artists, volunteers, children hospitals and the general public.Each year, Nashville Ballet donates 2,500 performance tickets to local nonprofit service organizations.

4) Creation Fund: supports the building and creation of new productions so we can continue to we can continue to present inspire and diverse work.

5) Facility Expansion: enhancement and expansion of physical facilities including more dance studios, upgraded administrative space


 

 

Other ways to donate, support, or volunteer Donations may be made by mail or by visiting www.NashvilleBallet.com/support. 
Service Categories
Primary Organization Category Arts,Culture & Humanities / Ballet
Secondary Organization Category Arts,Culture & Humanities / Arts Education
Tertiary Organization Category Arts,Culture & Humanities / Arts Education
Areas of Service
Areas Served
TN - Davidson
TN - Dickson
TN - Marshall
TN - Maury
TN - Rutherford
TN - Williamson
TN - Wilson
TN - Cheatham
TN - Lawrence
TN - Montgomery
TN - Putnam
TN - Trousdale
TN - Sumner
TN - Bedford
TN - Franklin
TN - Humphreys
Middle, Tennessee
Board Chair Statement

Under the administrative leadership of the Board of Directors, Nashville Ballet is a fiscally sound organization. We own our own facility and hold enormous pride in our history of working within a balanced budget. Board members support Nashville Ballet in a variety of ways: through generous donations to the Annual Fund, performance series subscriptions, Ballet Ball attendance, sponsorship and advocacy on behalf of the organization. Nashville Ballet, as a whole, has made a concerted effort to more thoroughly engage the Board through the use of active committees, giving members the opportunity to become truly invested in both our successes and our challenges. Like any arts organization, Nashville Ballet is challenged to increase its audiences and donors, and we continue to make great progress, aligning our development and marketing efforts towards the goals of the organization's strategic plan. We have also put an emphasis on quickly relating our accomplishments and good news to the public through our website, email marketing and various social media outlets, which has resulted in an increase in subscribers, ticket sales, new donors, grant awards from The Shubert Foundation and two grants from the National Endowment for the Arts.

It is certainly an exciting time to be President of the Board and I am thrilled to lead Nashville Ballet into this next phase of growth!

Heather Thorne


CEO Statement

Nashville Ballet is firmly committed to the cultural well-being of metropolitan Nashville and is accomplishing this goal with unprecedented success. As the only professional resident ballet company in Middle Tennessee, our vision is for Nashville Ballet to be recognized internationally as an artistically excellent center of dance that is innovative, influential and financially strong. Our purpose has three primary areas of focus: to create and present outstanding works of art that inspire, transform and lift the human spirit; to provide the highest standards in training with School of Nashville Ballet; and to create a love of dance and the arts in the community through performances and engaging educational outreach.   

First and foremost, Nashville Ballet is a performing arts company whose artists, dancers, and teachers reside in Nashville throughout the year. The main company presents a season repertoire of five full-scale productions, as well as two family friendly, children’s ballets. We are committed to presenting new, innovative dance and classical ballets performed in collaboration with some of Nashville's finest musicians, composers, and designers. 

Secondly, we strive to provide the highest level of professional and recreational dance training in the community. The elite faculty and staff of our School of Nashville Ballet provide world-class instruction for students of all abilities. Programs offered include Children’s Programs (ages 2-5), training for students who are interested in pursuing a professional dance career, as well as a wide range of dance classes  for anyone over the age of 13, promoting healthy, active lifestyles, regardless of skill level.

The third facet of Nashville Ballet’s mission is our Outreach & Education programs, which bring dance to children and families in Middle Tennessee through original, interactive children's ballets and arts education programs. These programs can be integrated into school curriculum and adjusted for audiences of all ages. Through the generosity of multiple individuals, foundations and businesses throughout Nashville, we have significantly increased the geographic range and scope of Outreach & Education offerings in schools, community centers and libraries across 15 area counties, reaching nearly 30,000 children and families each year. The passion and artistry of Nashville Ballet is stronger than ever as we continue to foster a love of dance and the arts in Nashville and beyond. 

Programs
Description

Nashville Ballet presents five productions at the Tennessee Performing Arts Center each season. The 2013-2014 season began  with the premier of Peter PanNashville’s Nutcracker followed in December with an increased schedule of 12 performances.  The February series titled Attitude featured works by choreographers Brian Enos, Paul Vasterling and Chris Stuart. The April series is a bill of three ballets: Serenade, Petit Mort by Jiří Kylián, and a world premiere ballet by Paul Vasterling featuring an original score by Ben Folds, co-commissioned with The Nashville Symphony and The Minnesota Orchestra. The TPAC family performance in February was Tennessee Jack and the Kudzu Vine, and at our in-studio theater at The Martin Center, families can enjoy Carnival of the Animals in May 2014.Our season now concludes with Emergence: The Studio Series performed at The Martin Center which features up and coming choreographers.


Budget 2,168,640
Category
Population Served General/Unspecified, Adults, Children and Youth (0 - 19 years)
Description

An intrinsic part of Nashville Ballet’s mission is our commitment to the community through our Outreach & Education program. These programs expose children, teens and adults to the artistry, beauty and athleticism of dance by providing unique performances that cultivate an interest in the art of dance. Through Outreach & Education, we are able to reach nearly 30,000 children and adults by taking dancers, music and sets into schools, libraries and community centers throughout 15 Middle Tennessee counties. Each of our school curriculum-based programs (for children pre-school all the way through high school) meet many of the developmental and academic standards set forth by the state of Tennessee and Metropolitan Nashville Public School (MNPS) system and are designed to appeal to various learning styles and needs of all ages. Our Family and Community Programs introduce audiences to the art of dance at public performances and help us develop and cultivate educated viewers with a passion and appreciation for the arts. These programs provide a unique, intimate and educational experience for everyone in attendance. A few of our Outreach & Education community partnerships include the Metro Nashville Public Library, Metro Parks and Recreation and the Metro Public Schools.

Budget 160,000
Category
Population Served Children and Youth (0 - 19 years), ,
Description

As an integral part of Nashville Ballet, School of Nashville Ballet offers the highest quality dance training for students of all ages and experience levels. Under the direction of Artistic Director & CEO Paul Vasterling, qualified faculty provide a comprehensive dance education that is both challenging and rewarding. Every student is individually nurtured with expertise and sensitivity to ensure progress according to ability and interest. Operating out of two campuses, School of Nashville Ballet has an enrollment of 1,000+ annually and provides a variety of training and recreational programs:  Children’s Program (ages 2-5), Academy (ages 6-18), Community Division (ages 13+) and Professional Training Division (ages 16+). There are also various opportunities for students to perform on stage with Nashville Ballet’s main company each season. During Nashville’s Nutcracker alone, almost 175 youth from Nashville and the surrounding area were cast to perform during the holiday performances.


School of Nashville Ballet also offers a nationally recognized Summer Intensive program. This 7-week training camp provides extensive instruction for serious dancers from all over the world. Students are invited to the program after an audition process, and, once at Nashville Ballet’s facilities, participate in a variety of classes for approximately 6-8 hours each day. The Summer Intensive curriculum is designed to strengthen the dancer’s technique and explore their full potential in a supportive environment. The goal of this program is to prepare students for a long-term career in dance, whether with Nashville Ballet or with other organizations. Through an ongoing partnership with Belmont University, most students participating in the Summer Intensive stay in the Belmont residence halls while living in and exploring Nashville.

Budget 504,000
Category
Population Served , Adults,
Description

Nashville Ballet’s Holiday Magic program provides an opportunity for Middle Tennessee’s at-risk and challenged youth and families to experience Nashville's Nutcracker at no charge. Nashville Ballet invites nearly 2,500 guests affiliated with local social service agencies to participate in this program each year. The goal of Holiday Magic is to offer these individuals the experience of a live ballet performance and to introduce them to the magic and wonder of live music, ballet and Nashville’s Nutcracker. In most cases, children attending Holiday Magic have never seen and would not normally have the opportunity to experience a professionally staged production or a live symphony performance. Nashville Ballet partners with more than 50 social service agencies to provide these tickets and welcome families to Nashville’s Nutcracker. Through Holiday Magic, we hope to inspire future artists and patrons of the arts through this time honored holiday classic. We believe that by introducing underserved youth in our community to the arts we contribute to the long-term strength of our artistic community.

Budget 60,000
Category
Population Served , ,
CEO Comments Due to continued growth in demand for dance instruction for students of all ages, many of our classes have been sold out for more than two years and there is no studio available to add new or diverse class offerings. In response, we have launched ELEVATE--Nashville Ballet's Capital Campaign to renovate and expand our currently facility and therefore becoming the dance school our community is demanding. 
Board Chair
Board Chair Mrs. Heather Thorne
Company Affiliation Community Volunteer
Term June 2011 to May 2014
Email hthorne@nashvilleballet.com
Board Members
NameAffiliationStatus
Ms. Amy A. Atkinson Gaylord Entertainment - Gaylord HotelsVoting
Mrs. Kelly Bahiraei Vanderbilt UniversityExofficio
Mrs. Anita Baltimore Fridrich & Clark Realty, LLCVoting
Mr. John Bettis SongwriterVoting
Dr. Kerri Cavanaugh Vanderbilt UniversityVoting
Mrs. Nancy Cheadle Community VolunteerVoting
Mrs. Lisa Cole Lewis, King, Krieg & WaldropVoting
Mrs. Brenda Corbin Community VolunteerVoting
Mr. Michael A. Crabb IIIHealth Strategy Partners, LLCVoting
Miss Lyndsey Davis AsurionExofficio
Dr. Jim Dedmon Dedmon ChiropracticVoting
Mrs. Rosemary Dickerson HCAVoting
Mrs. Chandra Douglas BridgestoneVoting
Dr. Leslie Douglas Churchwell Nashville Medical GroupVoting
Mrs. Emmely Duncan Community VolunteerVoting
Mrs. Patricia Eastwood Caterpillar, Senior Corporate CounselVoting
Mrs. Lisa Ellis Siloam Family Health CenterVoting
Ms. Jane Fabian Community VolunteerVoting
Mr. Brian Fitzpatrick Vanderbilt Law SchoolVoting
Mrs. Catherine Gemmato-Smith Community VolunteerVoting
Mrs. Laurie Gold Eskind Community VolunteerVoting
Mr. Amos Gott Community VolunteerVoting
Mrs. Elizabeth Greer Community VolunteerVoting
Mr. Frank Hammer Pinnacle Financial PartnersVoting
Mr. Bill Haralson RetiredVoting
Ms. Ashleigh Harb Voting
Mr. Gerard M. Hayden Jr.Health Stream, Inc.Voting
Mrs. Ashley Henry Community VolunteerVoting
Dr. Jeff Herring Tennessee Orthopedic AllianceVoting
Mrs. Jacqueline Hutton Community VolunteerVoting
Mrs. Martha Ivester Creative Artists AgencyVoting
Mrs. Allison Jones Community VolunteerVoting
Dr. Lois Jordan Community VolunteerVoting
Mr. Jay Joyner Joyner & Hogan Printing CompanyExofficio
Mr. Chris Keaton Keaton Music VenturesVoting
Ms. Molly Kelly SunTrust BankVoting
Mr. Neil Krugman Dickinson & WrightVoting
Mrs. Sandra Lipman Community VolunteerVoting
Mr. Eugene Lotochinski Community VolunteerVoting
Mrs. Adrienne McRae Community VolunteerVoting
Mr. Don Moody Waller LawVoting
Mr. James F. Munro Community VolunteerVoting
Mrs. Rachel Odom Rachel Odom LawVoting
Mrs. Jennifer Puryear Community VolunteerVoting
Mrs. Sarah H. Reisner Manier & HerodExofficio
Mr. J. Ronald Scott JRS Investements IncorporatedVoting
Mrs. Vee Vee Scott Community VolunteerVoting
Mrs. Mary Jo Shankle Community VolunteerExofficio
Mrs. Anne Shepherd Community VoulnteerVoting
Ms. Susan Short Jones HCA Inc.Voting
Mr. Dan Slipkovich Capella HealthcareVoting
Mrs. Mary Spalding Community VolunteerVoting
Mrs. Heather Thorne Community VolunteerVoting
Ms. Claire W. Tucker CapStar BankVoting
Mrs. Barbara Turner Community VolunteerVoting
Ms. Joyce A. Vise Community VolunteerVoting
Mr. Bradley D. Wensel CPM HealthgradesVoting
Mrs. Dallas Wilt Community VolunteerVoting
Board Demographics - Ethnicity
African American/Black 6
Asian American/Pacific Islander 0
Caucasian 43
Hispanic/Latino 0
Native American/American Indian 0
Other 0
Board Demographics - Gender
Male 16
Female 33
Unspecified 0
Governance
Board Term Lengths 3
Board Term Limits 2
Board Meeting Attendance % 70%
Does the organization have written Board Selection Criteria? Yes
Does the organization have a written Conflict of Interest Policy? Yes
Percentage of Board Members making Monetary Contributions 100%
Percentage of Board Members making In-Kind Contributions 20%
Does the Board include Client Representation? Yes
Number of Full Board Meetings Annually 4
Standing Committees
Advisory Board
Executive
Finance
Nominating
Building
Risk Management Provisions
Automobile Insurance
Commercial General Liability & D and O & Umbrella or Excess & Automobile & Professional
Computer Equipment & Software
Additional Board Members
NameAffiliation
Mrs. Clare Armistead Community Volunteer
Mrs. Lucie Carroll Community Volunteer
Mr Gary Crigger Community Volunteer
Mrs. Linda Dale Community Volunteer
Mrs. Suann Davis Community Volunteer
Mr. Pat Emery Retired
Dr. Morel Enoch Harvey Retired
Mrs. Annette S. Eskind Community Volunteer
Mrs. Karyn Frist Community Volunteer
Mrs. Joan Gallivan Community Volunteer
Mr. Don Greene Association Marketing Group
Mr. Lynn Greer Greer Investment Company
Mrs. Martha Ingram Ingram Industries
Mrs. Amy Joyner Community Volunteer
Mrs. Ellen Martin Community Volunteer
Mrs. Cathy C. McLure Community Volunteer
Mr. Lannie Neal Community Volunteer
Mrs. Elizabeth Nichols Insite Property Company
Mrs. Emily Noel Community Volunteer
Mrs. Linda Reeve Community Volunteer
Mrs. Nora Rich Community Volunteer
Mr. Dudley Richter Richter's
Mr. Don Shriver National Bank and Trust
Mrs. Lucy Smith Fridrich & Clark Realty LLC
Mrs. Leah Sohr
Mrs. Patsy Weigel Community Volunteer
Executive Director/CEO
Executive Director Mr. Paul Vasterling
Term Start June 2010
Email pvasterling@nashvilleballet.com
Experience Paul Vasterling became Artistic Director of Nashville Ballet in 1998, ten years after he began his association with the company as a dancer and, later, a choreographer. In the spring of 2010, the Board appointed Vasterling CEO of Nashville Ballet. A choreographer with a deep affinity for music, Vasterling has created more than 40 works, ranging from classical, full-length story ballets to more contemporary one-acts set to the music of local artists. Vasterling's penchant and particular gift is for storytelling, which he has done vividly in such ballets as Dracula and Romeo and Juliet. A Magna Cum Laude graduate of Loyola University, Vasterling also received a Fulbright Scholarship (2004), enabling him to work with three companies in Argentina, paving the way for a subsequent tour there by Nashville Ballet. Under his leadership, the company's resources have grown by close to 300 percent and Nashville Ballet became the first local performing arts organization to purchase its own building. He has transformed a group of 12 professional dancers into a company of 22, and established a pre-professional second company of 25 dancers. Vasterling has shaped Nashville Ballet into a company high on artistry, as well as commanding technical ability and virtuosity.
Co-CEO
Co-CEO Ms. Angie Adams
Term Start Aug 2010
Email aadams@nashvilleballet.com
Experience Angie Underhill Adams has over 20 years of experience providing financial and administrative services to a variety of nonprofit organizations both as a management level staff member and a free-lance consultant and trainer. Before joining Nashville Ballet, she served as CFO/COO for five years at Cheekwood. She has a Bachelor’s degree in accounting from Belmont University’s Honors Program. She spent three years as finance director with the Sexual Assault Center during a time when the organization was subsequently awarded the Marvin Runyon Leadership Award for excellence in management during a time of crisis by the Center for Nonprofit Management. Her first nonprofit staff position was with Nashville Opera where she managed finances, public relations and group ticket sales. She was an administrative intern with Nashville Ballet during college and spent several years volunteering with Friends of Nashville Ballet managing the Shop. She is now in her 27th year of dance studies and regularly takes a variety of classes.
Former CEOs
NameTerm
Ms. Andrea Dillenburg June 2006 - May 2010
Mr. Paul Kaine Jan 2002 - Apr 2006
Staff
Full Time Staff 47
Part Time Staff 34
Volunteers 455
Contractors 30
Retention Rate 74%
Plans & Policies
Does the organization have a documented Fundraising Plan? Yes
Does the organization have an approved Strategic Plan? Yes
Number of years Strategic Plan Considers 5
When was Strategic Plan adopted? May 2010
In case of a change in leadership, is a Management Succession plan in place? Yes
Does the organization have a Policies and Procedures Plan? Under Development
Does the organization have a Nondiscrimination Policy? Yes
Affiliations
AffiliationYear
AFP (Association of Fundraising Professionals)2002
ANE (Association of Nonprofit Executives)2002
Center for Nonprofit Management Excellence Network2000
National Endowment for the Arts1998
Nashville Arts Coalition2004
Tennesseans for the Arts2000
Tennessee Association of Dance1998
Americans for the Arts1998
Tennessee Literacy Coalition2005
Metro Arts Commission1998
Tennessee Arts Commission1998
Chamber of Commerce1994
National Dance Education Organization2006
Dance USA2006
Awards
Award/RecognitionOrganizationYear
Best Dance StudioNashville Parent Magazine2012
Best Performing Arts Organization; Ballet Revival - Cinderella; Best Modern Dance Collaboration - Nashville Ballet & ALIAS Chamber Ensemble; Best Dance SchoolNashville Scene2012
Company dancer, Kayla Rowser, featured in the "25 to Watch" list; Company dancer Sadie Bo Harris personal essay; Paul Vasterling profileDance Magazine2012
Martha Aus, Finalist for the Nashville Business Journal Chief Finance Officer AwardNashville Business Journal2012
Jim Johnson - Finalist for Nashville Business Journal Chief Marketing Officer AwardNashville Business Journal2013
Top Performing Arts group (based on number of performances, including outreach)Nashville Business Journal2012
Cover feature following Ballet Ball 2013 with Ben FoldsnFocus Magazine2013
Senior Staff
Title Director of Artistic Operations
Experience/Biography
Title Director of External Affairs
Experience/Biography
Title Director of Finance & Administration
Experience/Biography
Title Director of Production
Experience/Biography
 
 
Fiscal Year
Fiscal Year Start June 01 2013
Fiscal Year End May 31 2014
Projected Revenue $4,058,892.00
Projected Expenses $4,058,892.00
Endowment Spending Policy Income Only
Endowment Spending Percentage (if selected) 5%
Detailed Financials
Revenue and ExpensesHelpFinancial data for prior years is entered by foundation staff based on the documents submitted by nonprofit organizations.Foundation staff members enter this information to assure consistency in the presentation of financial data across all organizations.
Fiscal Year201320122011
Total Revenue$4,945,767$2,989,375$3,862,997
Total Expenses$4,126,782$3,829,002$3,440,041
Revenue Less Expenses$818,985($839,627)$422,956
Revenue SourcesHelpThe financial analysis involves a comparison of the IRS Form 990 and the audit report (when available) and revenue sources may not sum to total based on reconciliation differences. Revenue from foundations and corporations may include individual contributions when not itemized separately.
Fiscal Year201320122011
Foundation and
Corporation Contributions
$0$0$0
Government Contributions$253,250$310,400$243,250
Federal$0$0$0
State$0$0$0
Local$0$0$0
Unspecified$253,250$310,400$243,250
Individual Contributions$2,163,992$679,792$1,657,297
$0$0$0
$2,209,219$1,700,001$1,525,063
Investment Income, Net of Losses$17,908$3,586$7,663
Membership Dues$0$0$0
Special Events$277,952$251,451$409,653
Revenue In-Kind$17,178$33,562$0
Other$6,268$10,583$20,071
Expense Allocation
Fiscal Year201320122011
Program Expense$3,571,126$3,319,024$2,878,236
Administration Expense$138,167$183,574$285,690
Fundraising Expense$417,489$326,404$276,115
Payments to Affiliates$0$0$0
Total Revenue/Total Expenses1.200.781.12
Program Expense/Total Expenses87%87%84%
Fundraising Expense/Contributed Revenue15%26%12%
Assets and Liabilities
Fiscal Year201320122011
Total Assets$6,166,889$3,709,681$4,277,447
Current Assets$1,552,284$667,209$1,393,884
Long-Term Liabilities$1,714,844$239,177$254,818
Current Liabilities$647,515$526,113$368,772
Total Net Assets$3,804,530$2,944,391$3,653,857
Short Term Solvency
Fiscal Year201320122011
Current Ratio: Current Assets/Current Liabilities2.401.273.78
Long Term Solvency
Fiscal Year201320122011
Long-Term Liabilities/Total Assets28%6%6%
Top Funding Sources
Fiscal Year201320122011
Top Funding Source & Dollar AmountProgram Service Revenue (Earned) $2,209,219Program Service Revenue $1,700,001Individual Contributions $1,657,297
Second Highest Funding Source & Dollar AmountContributions, Gifts, and Grants $2,163,992Contributions, Gifts, and Grants $679,792Earned/Program Service Revenue $1,525,063
Third Highest Funding Source & Dollar AmountFundraising Events $277,952Government Grants $310,400Special Events/Fundraising $409,653
IRS Letter of Exemption
Capital Campaign
Is the organization currently conducting a Capital Campaign for an endowment or the purchase of a major asset? Yes
Campaign Purpose Nashville Ballet plans to renovate facilities to add 3 additional dance studios and provide customers with a better experience through expanded lobby areas and increased restrooms. The campaign will also support the creation of sets, props, and costumes for Peter Pan.
Capital Campaign Goal $5,500,000.00
Capital Campaign Raised-to-Date Amount 3400000 as of Feb 2014
Capital Campaign Anticipated in Next 5 Years? Yes
State Charitable Solicitations Permit
TN Charitable Solicitations Registration Yes - Expires Nov 2014
Organization Comments The deficit of $709,466 shown on our audited financial statements is due largely to A) temporarily restricted contributions of $468,000 received in the prior year for use in this period and B) depreciation expense recorded at $252,574. The organization does not currently budget for depreciation expense from operations, but does routinely absorb capital expenditures into operational expense rather than deplete existing capital expense reserves.
GivingMatters.com Financial Comments
Financial figures taken from 990 and audit.
Financial documents prepared by Kraft CPAs PLLC.
Comments provided by Laurel Fisher 12/19/13.
Nonprofit Nashville Ballet
Address 3630 Redmon Street
Nashville, TN 372094827
Primary Phone (615) 297-2966 32
Contact Email info@nashvilleballet.com
CEO/Executive Director Mr. Paul Vasterling
Board Chair Mrs. Heather Thorne
Board Chair Company Affiliation Community Volunteer
Year of Incorporation 1986