The Washington Ballet

aka TWB   |   Washington, DC   |

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The Washington Ballet

EIN: 52-0846173


The three-part mission of The Washington Ballet is: to bring the joy and artistry of dance to the nation's capital and the world's stage through the professional presentation of the best in classical and contemporary ballet; to provide the highest caliber of dance training through a preeminent school of ballet; and to serve and involve the entire community through our extensive dance education and community engagement programs.

Ruling year info


Interim Managing Director

Ms. Karen Shepherd

Artistic Director - Incoming

Edwaard Liang

Main address

3515 Wisconsin Ave NW

Washington, DC 20016 USA

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Subject area info

Arts education


Population served info

Children and youth


NTEE code info

Ballet (A63)

Arts Education/Schools (A25)

Programs and results

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Professional Company

The Washington Ballet's professional company consists of world class dancers and apprentices forming an ensemble core. Together, with our Studio Company they perform a wide variety of works from classical to contemporary choreography. The Washington Ballet (TWB) has distinguished itself as an American ballet company, showcasing defining works by renowned choreographers while bringing new creations by emerging choreographers and allowing for the evolution of the art form as part of our NextSteps program as well as our presenting the holiday favorite and our signature salute to Washington DC: Septime Webre's "The Nutcracker".

In addition to our yearly production of The Nutcracker, the company will bring five curated mixed repertoire ballets, consisting of classics and pieces created on The Washington Ballet to stages throughout the national capital area for the 2023-24 season.

Population(s) Served
Children and youth

Co-founded in 1944 by the late Mary Day and Lisa Gardiner, The Washington School of Ballet (TWSB) is recognized nationally and internationally for its classical training and dedication to excellence in dance and dance education. Xiomara Reyes, Head of School, brings her passion and dedication to teach and inspire a new generation of dancers. The school trains more than 700 students each year at its Northwest Campus studios on Wisconsin Avenue and over 200 students at the Southeast Campus housed at The Town Hall Education, Arts and Recreation Center (THEARC).

To ensure uniformity, all campuses follow the same curriculum. Our curriculum includes pre-ballet, boys’ classes and a graded program for children through young adulthood as well as adults. For students who wish to pursue dance as a career, the school offers a Professional Training Program that brings talented students together from around the world for intensive training under TWSB's renowned faculty.

Population(s) Served
Children and youth

TWB’s annual investment of $1.4 million in our community engagement programs has allowed us to reach more than 160,000 of Washington, DC’s most economically disadvantaged children, adults, and seniors over the last 22 years. TWB’s Community Engagement Programs provide opportunities for youth, adults and seniors and include Dance DC and Dance for All.

Dance DC reaches hundreds of DC Public and Charter School students with arts integration programs that are guided by the National Core Arts Standards for Dance and integrated into core subject classes including reading, math and science.

Dance for All provides free experiences in every Ward of DC, with an intentional focus on Wards 7 and 8.

Population(s) Served
Children and youth

Where we work

How we listen

SOURCE: Self-reported by organization

Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.

done We shared information about our current feedback practices.
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The Washington Ballet
Fiscal year: Jul 01 - Jun 30
done  Yes, financials were audited by an independent accountant. info

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022 info

SOURCE: IRS Form 990


Average of 0.88 over 10 years

Months of cash in 2022 info

SOURCE: IRS Form 990


Average of 1.6 over 10 years

Fringe rate in 2022 info

SOURCE: IRS Form 990


Average of 20% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

The Washington Ballet

Revenue & expenses

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

The Washington Ballet

Balance sheet

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

The Washington Ballet

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

This snapshot of The Washington Ballet’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

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Business model indicators

Profitability info 2018 2019 2020 2021 2022
Unrestricted surplus (deficit) before depreciation -$147,115 $486,564 $1,025,199 $1,027,038 $5,353,129
As % of expenses -1.2% 3.8% 8.5% 12.8% 40.5%
Unrestricted surplus (deficit) after depreciation -$608,226 $52,780 $567,976 $573,590 $4,763,956
As % of expenses -4.7% 0.4% 4.5% 6.7% 34.5%
Revenue composition info
Total revenue (unrestricted & restricted) $12,358,090 $13,243,060 $13,347,355 $8,999,163 $18,394,920
Total revenue, % change over prior year 18.5% 7.2% 0.8% -32.6% 104.4%
Program services revenue 61.3% 60.1% 53.9% 26.4% 38.0%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 0.0% 0.1% 0.0% 0.0% 0.0%
Government grants 2.6% 9.6% 9.0% 37.8% 42.5%
All other grants and contributions 33.5% 26.3% 32.5% 34.3% 16.5%
Other revenue 2.5% 3.8% 4.6% 1.5% 3.0%
Expense composition info
Total expenses before depreciation $12,385,002 $12,908,164 $12,045,252 $8,054,730 $13,230,663
Total expenses, % change over prior year -3.7% 4.2% -6.7% -33.1% 64.3%
Personnel 48.8% 47.3% 50.6% 64.6% 44.5%
Professional fees 23.6% 26.8% 19.7% 8.6% 8.1%
Occupancy 8.5% 10.0% 10.8% 11.6% 6.1%
Interest 0.5% 0.0% 0.0% 0.0% 0.0%
Pass-through 1.6% 2.4% 5.0% 4.3% 2.9%
All other expenses 17.0% 13.6% 14.0% 11.0% 38.4%
Full cost components (estimated) info 2018 2019 2020 2021 2022
Total expenses (after depreciation) $12,846,113 $13,341,948 $12,502,475 $8,508,178 $13,819,836
One month of savings $1,032,084 $1,075,680 $1,003,771 $671,228 $1,102,555
Debt principal payment $0 $0 $1,798,144 $318,311 $100,000
Fixed asset additions $0 $0 $0 $0 $0
Total full costs (estimated) $13,878,197 $14,417,628 $15,304,390 $9,497,717 $15,022,391

Capital structure indicators

Liquidity info 2018 2019 2020 2021 2022
Months of cash 0.4 0.5 1.9 3.4 5.2
Months of cash and investments 1.0 0.8 2.2 4.3 5.8
Months of estimated liquid unrestricted net assets -2.8 -1.8 -1.2 -0.9 3.7
Balance sheet composition info 2018 2019 2020 2021 2022
Cash $401,563 $492,807 $1,892,052 $2,304,165 $5,716,288
Investments $663,685 $314,157 $361,669 $565,748 $693,243
Receivables $289,502 $669,754 $840,221 $1,175,847 $799,994
Gross land, buildings, equipment (LBE) $9,187,896 $9,102,142 $7,098,992 $7,248,298 $7,074,893
Accumulated depreciation (as a % of LBE) 38.9% 41.7% 54.0% 59.1% 58.2%
Liabilities (as a % of assets) 73.7% 74.4% 59.6% 56.3% 25.4%
Unrestricted net assets $1,056,383 $1,109,163 $1,677,139 $2,250,729 $7,014,685
Temporarily restricted net assets $207,484 $368,125 N/A N/A N/A
Permanently restricted net assets $621,423 $310,000 N/A N/A N/A
Total restricted net assets $828,907 $678,125 $952,062 $873,461 $680,723
Total net assets $1,885,290 $1,787,288 $2,629,201 $3,124,190 $7,695,408

Key data checks

Key data checks info 2018 2019 2020 2021 2022
Material data errors No No No No No


The people, governance practices, and partners that make the organization tick.

Form 1023/1024 is not available for this organization

Interim Managing Director

Ms. Karen Shepherd

Karen Shepherd assumed the role of Interim Managing Director and Chief Operating Officer for The Washington Ballet (TWB) in January 2023. Karen has over 20 years of experience in arts management and arts education for both non-profit and for-profit sectors of the arts industry. In her current role, Karen leads The Washington Ballet, providing strategic oversight and operating plans for our professional company, school, and community impact programming as well as fundraising strategies for TWB's Capital Campaign and other initiatives.

Artistic Director - Incoming

Edwaard Liang

American arts leader and acclaimed choreographer Edwaard Liang is the new incoming Artistic Director of The Washington Ballet. Edwaard is the fourth person to lead the organization and the first Asian American to lead a major American ballet company. Currently completing his eleventh and final season as Artistic Director of BalletMet (Columbus, Ohio), Liang is credited with reinvigorating the organization through his collegiality, creativity, and authentic commitment to community building. During his tenure, BalletMet nearly doubled in size, successfully launched and completed a major capital campaign, and expanded the size and scope of its ballet school. As a choreographer, in addition to the 21 world premieres created for BalletMet, Liangs works have been performed by dance companies worldwide, including New York City Ballet, San Francisco Ballet, Bolshoi Ballet, Joffrey Ballet, Pacific Northwest Ballet, Shanghai Ballet, and The Washington Ballet, among others.

Number of employees

Source: IRS Form 990

The Washington Ballet

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Show data for fiscal year
Compensation data
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The Washington Ballet

Highest paid employees

SOURCE: IRS Form 990

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Compensation data
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The Washington Ballet

Board of directors
as of 01/16/2024
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board co-chair

Mrs. Jean-Marie Fernandez

Fernandez Foundation

Term: 2018 -

Board co-chair

Mr. David DeSantis

TTR Sotheby's International

Term: 2023 -

Luanne Adams

Lowell Yoder

M&T Bank

Joan McCarthy

Britt Whitesell Biles


Jamie L Boucher

Skadden Financial

Jane Rosenthal Cafritz

Jane R. Cafritz Antiques & Interiors

Erin McCann Drouin

Charles DeSantis

Georgetown University

David DeSantis

TTR Sotheby's International Realty

Ryan Michael Hayes

Covington & Burling

Maureen Hinman

Silverado Policy Accelerator

Ashley Holbrook


Heather Hughes

American University

Hanane Lemlih

Wells Fargo

Eve Auchincloss Lilley

Educational Assessment Associates

Timothy R. Lowery


Dorothy Pierce McSweeny

Chair Emeritus DCCAH

Michelle Montes


Dr. Michael Olding

George Washington University

Barbara S. Rothkopf

Martha Schwieters

Yolanda Scott

Slalom LLC

Mary Emerson Slimp


Jennifer Skalka Tulumello

Freelance journalist

Dena Wiggins

Natural Gas Supply Association

Patricia Wu

Crowell & Moring LLP

Lauri Fitz-Pegado

Beyond the Ballet Barre

Emilia Newell Ferrara

Capitally Magazine

Yolanda Friend


James Gale


Elizabeth Keeley

Taconic Capital Advisors

Dianne Keppler


Janice Kim

Sara Lange


Carmen Perkins


David Vosvick


Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? Yes

Organizational demographics

SOURCE: Self-reported; last updated 1/11/2024

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.


The organization's leader identifies as:

Race & ethnicity
Gender identity
Female, Not transgender
Sexual orientation
Heterosexual or Straight
Disability status
Person without a disability

The organization's co-leader identifies as:

Race & ethnicity
Asian/Asian American
Gender identity
Male, Not transgender
Sexual orientation
Gay, Lesbian, Bisexual, or other sexual orientations in the LGBTQIA+ community
Disability status
Person without a disability

Race & ethnicity

No data

Gender identity

No data

Transgender Identity

No data

Sexual orientation

No data


No data


Fiscal year ending
There are no fundraisers recorded for this organization.