The Washington Ballet

aka TWB | Washington, DC | www.washingtonballet.org

GuideStar Charity Check

EIN: 52-0846173

Contributions tax deductible
as of December 2022

IRS BMF 509(a)(2)
as of December 12, 2022

View summary

Charity Check report

Mission

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

1966

Managing Director

Mr. Patrick Muhlen-Schulte

Artistic Director

Ms. Julie Kent

Main address

3515 Wisconsin Ave NW

Washington, DC 20016 USA

Show more contact info

EIN

52-0846173

Subject area info

Arts education

Ballet

Population served info

Children and youth

Adults

NTEE code info

Ballet (A63)

Arts Education/Schools (A25)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Show Forms 990

Communication

Programs and results

Reports and documents

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 our signature salute to Washington DC and holiday favorite: Septime Webre's original "The Nutcracker".

In addition to our Nutcracker, the professional and studio companies will bring five new ballets created on The Washington Ballet, a full-length production of The Sleeping Beauty plus a mixed repertoire of classical pieces of the highest caliber to stages throughout the national capital area for the 2022-23 season.

Population(s) Served

Adults

Children and youth

The Washington School of Ballet

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

Adults

Community Engagement

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

Adults

Where we work

External reviews

Photos

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.

We shared information about our current feedback practices.

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Financials

The Washington Ballet

Fiscal year: Jul 01 - Jun 30

Yes, financials were audited by an independent accountant.

Revenue vs. expenses: breakdown

SOURCE: IRS Form 990

NET GAIN/LOSS: in

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

Liquidity in 2020

SOURCE: IRS Form 990

0.62

Average of 0.69 over 10 years

Months of cash in 2020

SOURCE: IRS Form 990

1.9

Average of 0.9 over 10 years

Fringe rate in 2020

SOURCE: IRS Form 990

17%

Average of 20% over 10 years

Funding sources

Source: IRS Form 990

Assets & liabilities

Source: IRS Form 990

Financial data

Source: IRS Form 990

Digitizing IRS form 990 data

The Washington Ballet

Revenue & expenses

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990

Fiscal year ending: Download Data

Revenue
Contributions	$1,491,270
Government Grants	$2,613,610
Program Services	$4,186,200
Investments	$43,918
Special Events	$176,803
Sales	$0
Other	$132,369
Total Revenue	$8,644,170

Expenses
Program Services	$7,122,658
Administration	$761,911
Fundraising	$353,232
Total Expenses	$8,237,801
Net Gain/Loss	$406,369

Functional expenses
Accounting Fees	$32,185
Advertising & Promotion	$612,680
Information Technology Expenses	$77,502
Insurance Expenses	$53,488
Interest Expenses	$182
Investment Management Fees	$7,896
Legal Fees	$29,198
Pension Plan Contributions	$52,902
Professional Fundraising Expenses	$0

Revenue
Contributions	$1,698,511
Government Grants	$593,360
Program Services	$4,366,601
Investments	$22,979
Special Events	$233,398
Sales	$0
Other	$67,943
Total Revenue	$6,982,792

Expenses
Program Services	$6,146,929
Administration	$1,465,859
Fundraising	$376,132
Total Expenses	$7,988,920
Net Gain/Loss	($1,006,128)

Functional expenses
Accounting Fees	$24,500
Advertising & Promotion	$841,429
Information Technology Expenses	$100,102
Insurance Expenses	$41,051
Interest Expenses	$14,861
Investment Management Fees	$8,026
Legal Fees	$25,782
Pension Plan Contributions	$14,913
Professional Fundraising Expenses	$0

Revenue
Contributions	$1,834,560
Government Grants	$234,717
Program Services	$5,306,774
Investments	$24,075
Special Events	$479,008
Sales	$0
Other	$31,824
Total Revenue	$7,910,958

Expenses
Program Services	$6,965,504
Administration	$734,644
Fundraising	$336,050
Total Expenses	$8,036,198
Net Gain/Loss	($125,240)

Functional expenses
Accounting Fees	$27,373
Advertising & Promotion	$863,707
Information Technology Expenses	$100,668
Insurance Expenses	$33,964
Interest Expenses	$19,956
Investment Management Fees	$569
Legal Fees	$16,170
Pension Plan Contributions	$4,294
Professional Fundraising Expenses	$0

Revenue
Contributions	$2,316,663
Government Grants	$184,729
Program Services	$5,958,594
Investments	$24,874
Special Events	$515,313
Sales	$0
Other	$236,406
Total Revenue	$9,236,579

Expenses
Program Services	$7,804,464
Administration	$766,262
Fundraising	$450,850
Total Expenses	$9,021,576
Net Gain/Loss	$215,003

Functional expenses
Accounting Fees	$29,843
Advertising & Promotion	$884,444
Information Technology Expenses	$61,358
Insurance Expenses	$34,765
Interest Expenses	$20,053
Investment Management Fees	$550
Legal Fees	$23,774
Pension Plan Contributions	$46,285
Professional Fundraising Expenses	$0

Revenue
Contributions	$2,256,987
Government Grants	$367,749
Program Services	$6,533,502
Investments	$57,249
Special Events	$457,582
Sales	$0
Other	$233,505
Total Revenue	$9,906,574

Expenses
Program Services	$8,259,348
Administration	$736,595
Fundraising	$381,208
Total Expenses	$9,377,151
Net Gain/Loss	$529,423

Functional expenses
Accounting Fees	$29,300
Advertising & Promotion	$890,279
Information Technology Expenses	$53,049
Insurance Expenses	$35,160
Interest Expenses	$16,222
Investment Management Fees	$1,577
Legal Fees	$25,181
Pension Plan Contributions	$75,868
Professional Fundraising Expenses	$0

Revenue
Contributions	$2,383,478
Government Grants	$247,564
Program Services	$6,711,872
Investments	$84,184
Special Events	($33,438)
Sales	$0
Other	$248,082
Total Revenue	$9,641,742

Expenses
Program Services	$8,126,892
Administration	$681,425
Fundraising	$389,370
Total Expenses	$9,197,687
Net Gain/Loss	$444,055

Functional expenses
Accounting Fees	$25,200
Advertising & Promotion	$871,575
Information Technology Expenses	$49,311
Insurance Expenses	$37,308
Interest Expenses	$16,355
Investment Management Fees	$39
Legal Fees	$5,825
Pension Plan Contributions	$50,960
Professional Fundraising Expenses	$0

Revenue
Contributions	$3,065,198
Government Grants	$315,553
Program Services	$7,323,503
Investments	$193,249
Special Events	($81,367)
Sales	$0
Other	$331,199
Total Revenue	$11,147,335

Expenses
Program Services	$9,365,725
Administration	$806,242
Fundraising	$524,446
Total Expenses	$10,696,413
Net Gain/Loss	$450,922

Functional expenses
Accounting Fees	$27,310
Advertising & Promotion	$844,977
Information Technology Expenses	$58,527
Insurance Expenses	$45,732
Interest Expenses	$17,156
Investment Management Fees	$313
Legal Fees	$10,182
Pension Plan Contributions	$55,820
Professional Fundraising Expenses	$0

Revenue
Contributions	$2,520,976
Government Grants	$286,391
Program Services	$8,041,459
Investments	$16,987
Special Events	($188,948)
Sales	$0
Other	$334,591
Total Revenue	$11,011,456

Expenses
Program Services	$10,929,158
Administration	$998,244
Fundraising	$464,977
Total Expenses	$12,392,379
Net Gain/Loss	($1,380,923)

Functional expenses
Accounting Fees	$31,920
Advertising & Promotion	$843,363
Information Technology Expenses	$111,547
Insurance Expenses	$44,199
Interest Expenses	$16,885
Investment Management Fees	$1,672
Legal Fees	$8,978
Pension Plan Contributions	$53,546
Professional Fundraising Expenses	$0

Revenue
Contributions	$2,717,709
Government Grants	$224,809
Program Services	$7,313,601
Investments	$86,156
Special Events	($121,158)
Sales	$0
Other	$205,854
Total Revenue	$10,426,971

Expenses
Program Services	$11,687,528
Administration	$1,187,201
Fundraising	$530,959
Total Expenses	$13,405,688
Net Gain/Loss	($2,978,717)

Functional expenses
Accounting Fees	$36,000
Advertising & Promotion	$924,130
Information Technology Expenses	$142,743
Insurance Expenses	$39,499
Interest Expenses	$58,646
Investment Management Fees	$11,703
Legal Fees	$45,975
Pension Plan Contributions	$90,869
Professional Fundraising Expenses	$0

Revenue
Contributions	$3,445,391
Government Grants	$323,286
Program Services	$7,577,078
Investments	$154,591
Special Events	$700,507
Sales	$0
Other	$157,237
Total Revenue	$12,358,090

Expenses
Program Services	$10,597,714
Administration	$939,238
Fundraising	$1,309,161
Total Expenses	$12,846,113
Net Gain/Loss	($488,023)

Functional expenses
Accounting Fees	$263,674
Advertising & Promotion	$426,685
Information Technology Expenses	$165,846
Insurance Expenses	$41,977
Interest Expenses	$62,734
Investment Management Fees	$2,473
Legal Fees	$16,392
Pension Plan Contributions	$83,278
Professional Fundraising Expenses	$0

Revenue
Contributions	$2,907,579
Government Grants	$1,277,626
Program Services	$7,962,933
Investments	$222,305
Special Events	$578,744
Sales	$0
Other	$293,873
Total Revenue	$13,243,060

Expenses
Program Services	$11,193,747
Administration	$852,217
Fundraising	$1,295,984
Total Expenses	$13,341,948
Net Gain/Loss	($98,888)

Functional expenses
Accounting Fees	$80,181
Advertising & Promotion	$513,319
Information Technology Expenses	$159,676
Insurance Expenses	$214,866
Interest Expenses	$0
Investment Management Fees	$510
Legal Fees	$5,500
Pension Plan Contributions	$100,748
Professional Fundraising Expenses	$0

Revenue
Contributions	$4,422,504
Government Grants	$1,202,823
Program Services	$7,195,948
Investments	$185,305
Special Events	($86,851)
Sales	$0
Other	$427,626
Total Revenue	$13,347,355

Expenses
Program Services	$10,017,135
Administration	$977,047
Fundraising	$1,508,293
Total Expenses	$12,502,475
Net Gain/Loss	$844,880

Functional expenses
Accounting Fees	$90,307
Advertising & Promotion	$512,388
Information Technology Expenses	$107,738
Insurance Expenses	$123,845
Interest Expenses	$0
Investment Management Fees	$759
Legal Fees	$130
Pension Plan Contributions	$37,077
Professional Fundraising Expenses	$0

The Washington Ballet

Balance sheet

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990

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: Download Data

Assets	Jul 01, 2008	Jun 30, 2009	Change
Contributions	$1,491,270
Cash & Equivalents	$1,910,971	$1,004,440	($906,531)
Accounts Receivable	$9,995	$41,862	$31,867
Pledges & Grants Receivable	$369,047	$62,951	($306,096)
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$970,003	$780,248	($189,755)
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$4,989,161	$4,837,253	($151,908)
Other	$60,614	$304,320	$243,706
Total Assets	$8,309,791	$7,031,074	($1,278,717)

Liabilities	Jul 01, 2008	Jun 30, 2009	Change
Accounts Payable	$882,713	$560,108	($322,605)
Grants Payable	$0	$0	$0
Deferred Revenue	$1,951,964	$776,251	($1,175,713)
Loans and Notes	$0	$0	$0
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$0	$0	$0
Total Liabilities	$2,834,677	$1,336,359	($1,498,318)

Fund balance	Jul 01, 2008	Jun 30, 2009	Change
Temporarily Restricted Net Assets	$30,000	$251,224	$221,224
Permanently Restricted Net Assets	$621,423	$621,423	$0
Total Restricted Net Assets	$651,423	$872,647	$221,224
Unrestricted Net Assets	$4,823,691	$4,822,068	($1,623)
Net Assets	$5,475,114	$5,694,715	$219,601

Assets	Jul 01, 2009	Jun 30, 2010	Change
Contributions	$1,698,511
Cash & Equivalents	$1,004,440	$459,355	($545,085)
Accounts Receivable	$41,862	$31,614	($10,248)
Pledges & Grants Receivable	$62,951	$321,992	$259,041
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$780,248	$898,546	$118,298
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$4,837,253	$4,716,620	($120,633)
Other	$304,320	$256,561	($47,759)
Total Assets	$7,031,074	$6,684,688	($346,386)

Liabilities	Jul 01, 2009	Jun 30, 2010	Change
Accounts Payable	$560,108	$685,643	$125,535
Grants Payable	$0	$0	$0
Deferred Revenue	$776,251	$922,129	$145,878
Loans and Notes	$0	$275,000	$275,000
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$0	$0	$0
Total Liabilities	$1,336,359	$1,882,772	$546,413

Fund balance	Jul 01, 2009	Jun 30, 2010	Change
Temporarily Restricted Net Assets	$251,224	$318,070	$66,846
Permanently Restricted Net Assets	$621,423	$621,423	$0
Total Restricted Net Assets	$872,647	$939,493	$66,846
Unrestricted Net Assets	$4,822,068	$3,862,423	($959,645)
Net Assets	$5,694,715	$4,801,916	($892,799)

Assets	Jul 01, 2010	Jun 30, 2011	Change
Contributions	$1,834,560
Cash & Equivalents	$459,355	$656,567	$197,212
Accounts Receivable	$31,614	$103,080	$71,466
Pledges & Grants Receivable	$321,992	$206,500	($115,492)
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$896,546	$1,108,256	$211,710
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$4,716,620	$4,572,155	($144,465)
Other	$256,561	$306,259	$49,698
Total Assets	$6,684,688	$6,952,817	$268,129

Liabilities	Jul 01, 2010	Jun 30, 2011	Change
Accounts Payable	$685,643	$511,827	($173,816)
Grants Payable	$0	$0	$0
Deferred Revenue	$922,129	$999,449	$77,320
Loans and Notes	$275,000	$575,000	$300,000
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$0	$0	$0
Total Liabilities	$1,882,772	$2,086,276	$203,504

Fund balance	Jul 01, 2010	Jun 30, 2011	Change
Temporarily Restricted Net Assets	$318,070	$550,920	$232,850
Permanently Restricted Net Assets	$621,423	$621,423	$0
Total Restricted Net Assets	$939,493	$1,172,343	$232,850
Unrestricted Net Assets	$3,862,423	$3,694,198	($168,225)
Net Assets	$4,801,916	$4,866,541	$64,625

Assets	Jul 01, 2011	Jun 30, 2012	Change
Contributions	$2,316,663
Cash & Equivalents	$656,567	$474,475	($182,092)
Accounts Receivable	$103,080	$57,540	($45,540)
Pledges & Grants Receivable	$206,500	$252,860	$46,360
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$1,108,256	$1,158,312	$50,056
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$4,572,155	$4,930,281	$358,126
Other	$306,259	$274,728	($31,531)
Total Assets	$6,952,817	$7,148,196	$195,379

Liabilities	Jul 01, 2011	Jun 30, 2012	Change
Accounts Payable	$511,827	$321,586	($190,241)
Grants Payable	$0	$0	$0
Deferred Revenue	$999,449	$1,271,026	$271,577
Loans and Notes	$575,000	$400,000	($175,000)
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$0	$77,520	$77,520
Total Liabilities	$2,086,276	$2,070,132	($16,144)

Fund balance	Jul 01, 2011	Jun 30, 2012	Change
Temporarily Restricted Net Assets	$550,920	$590,652	$39,732
Permanently Restricted Net Assets	$621,423	$621,423	$0
Total Restricted Net Assets	$1,172,343	$1,212,075	$39,732
Unrestricted Net Assets	$3,694,198	$3,865,989	$171,791
Net Assets	$4,866,541	$5,078,064	$211,523

Assets	Jul 01, 2012	Jun 30, 2013	Change
Contributions	$2,256,987
Cash & Equivalents	$474,475	$631,893	$157,418
Accounts Receivable	$57,540	$40,242	($17,298)
Pledges & Grants Receivable	$252,860	$520,470	$267,610
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$1,158,312	$1,313,055	$154,743
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$4,930,281	$4,985,779	$55,498
Other	$274,728	$281,038	$6,310
Total Assets	$7,148,196	$7,772,477	$624,281

Liabilities	Jul 01, 2012	Jun 30, 2013	Change
Accounts Payable	$321,586	$359,943	$38,357
Grants Payable	$0	$0	$0
Deferred Revenue	$1,271,026	$1,207,612	($63,414)
Loans and Notes	$400,000	$400,000	$0
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$77,520	$68,400	($9,120)
Total Liabilities	$2,070,132	$2,035,955	($34,177)

The Washington Ballet

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990

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.

Created in partnership with

Fiscal year: Jul 01 - Jun 30 View full report Download data

Business model indicators

Profitability	2016	2017	2018	2019	2020
Unrestricted surplus (deficit) before depreciation	-$482,851	-$1,716,155	-$147,115	$486,564	$1,025,199
As % of expenses	-4.0%	-13.3%	-1.2%	3.8%	8.5%
Unrestricted surplus (deficit) after depreciation	-$879,976	-$2,256,326	-$608,226	$52,780	$567,976
As % of expenses	-7.1%	-16.8%	-4.7%	0.4%	4.5%

Revenue composition
Total revenue (unrestricted & restricted)	$11,011,456	$10,426,971	$12,358,090	$13,243,060	$13,347,355
Total revenue, % change over prior year	-1.2%	-5.3%	18.5%	7.2%	0.8%
Program services revenue	73.0%	70.1%	61.3%	60.1%	53.9%
Membership dues	0.3%	0.2%	0.0%	0.0%	0.0%
Investment income	0.2%	0.2%	0.0%	0.1%	0.0%
Government grants	2.6%	2.2%	2.6%	9.6%	9.0%
All other grants and contributions	20.9%	24.8%	33.5%	26.3%	32.5%
Other revenue	3.0%	2.6%	2.5%	3.8%	4.6%

Expense composition
Total expenses before depreciation	$11,995,254	$12,865,517	$12,385,002	$12,908,164	$12,045,252
Total expenses, % change over prior year	15.3%	7.3%	-3.7%	4.2%	-6.7%
Personnel	46.8%	47.8%	48.8%	47.3%	50.6%
Professional fees	20.1%	19.2%	23.6%	26.8%	19.7%
Occupancy	10.8%	11.3%	8.5%	10.0%	10.8%
Interest	0.1%	0.5%	0.5%	0.0%	0.0%
Pass-through	1.2%	1.5%	1.6%	2.4%	5.0%
All other expenses	20.9%	19.8%	17.0%	13.6%	14.0%

Full cost components (estimated)	2016	2017	2018	2019	2020
Total expenses (after depreciation)	$12,392,379	$13,405,688	$12,846,113	$13,341,948	$12,502,475
One month of savings	$999,605	$1,072,126	$1,032,084	$1,075,680	$1,003,771
Debt principal payment	$0	$0	$0	$0	$1,798,144
Fixed asset additions	$1,469,950	$0	$0	$0	$0
Total full costs (estimated)	$14,861,934	$14,477,814	$13,878,197	$14,417,628	$15,304,390

Capital structure indicators

Liquidity	2016	2017	2018	2019	2020
Months of cash	0.4	0.1	0.4	0.5	1.9
Months of cash and investments	1.5	0.5	1.0	0.8	2.2
Months of estimated liquid unrestricted net assets	-1.6	-2.8	-2.8	-1.8	-1.2

Balance sheet composition	2016	2017	2018	2019	2020
Cash	$361,021	$157,695	$401,563	$492,807	$1,892,052
Investments	$1,157,229	$325,833	$663,685	$314,157	$361,669
Receivables	$714,527	$469,951	$289,502	$669,754	$840,221
Gross land, buildings, equipment (LBE)	$9,209,756	$9,181,558	$9,187,896	$9,102,142	$7,098,992
Accumulated depreciation (as a % of LBE)	29.8%	34.9%	38.9%	41.7%	54.0%
Liabilities (as a % of assets)	41.7%	67.3%	73.7%	74.4%	59.6%
Unrestricted net assets	$3,920,935	$1,664,609	$1,056,383	$1,109,163	$1,677,139
Temporarily restricted net assets	$763,036	$62,474	$207,484	$368,125	N/A
Permanently restricted net assets	$621,423	$621,423	$621,423	$310,000	N/A
Total restricted net assets	$1,384,459	$683,897	$828,907	$678,125	$952,062
Total net assets	$5,305,394	$2,348,506	$1,885,290	$1,787,288	$2,629,201

Key data checks

Key data checks	2016	2017	2018	2019	2020
Material data errors	No	No	No	No	No

Operations

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

Documents

Letter of Determination

Form 1023/1024 is not available for this organization

Managing Director

Mr. Patrick Muhlen-Schulte

Patrick Mühlen-Schulte became the managing director of The Washington Ballet (TWB) in July 2020. Patrick Mühlen-Schulte leads The Washington Ballet’s administration team, with responsibility to successfully manage a budget of more than $13 million annually. Patrick has worked as a senior arts administrator in major performing arts companies and venues in the U.S. and Australia. Prior to joining the US arts management sector, he worked in New York as a corporate business development manager and external & legal affairs executive with Marsh & McLennan, a global financial services and consulting firm. He has an extensive background as a senior advisor and chief of staff in the Australian government and political sector, leading teams in finance, international trade and cultural portfolios. Patrick holds a Juris Doctor with honors from the University of Technology, Sydney, and a Bachelor of Arts with honors from the University of Sydney, majoring in music and political science.

Artistic Director

Julie Kent

Julie Kent became the Artistic Director of The Washington Ballet in July 2016 and is the longest serving ballerina in American Ballet Theatre’s (ABT) history. Kent is the only American woman ever to have won the “Prix Benois de la Danse.” Kent starred in the film “Dancers” opposite Mikhail Baryshnikov and later in the motion picture “Center Stage.” Kent was awarded an Honorary Doctorate of Performing Arts from the University of North Carolina School of the Arts and bestowed a “Lifetime Achievement Award” from Dance Magazine. During her extraordinary performing career, she has danced over 100 ballets, including roles in all of the major classical, and neo-classical works by greats such as Petipa, Balanchine, Ashton and Sir Kenneth MacMillan and has had roles created on her by John Neumeier, Lar Lubovitch, Twyla Tharp, and Alexei Ratmansky, to name a few, and performed as a guest across Europe. After 30 years of performing, Kent was named Artistic Director of ABT’s Summer Intensive.

Number of employees

Source: IRS Form 990

The Washington Ballet

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation

Other

Show data for fiscal year

Compensation data

Download up to 5 most recent years of officer and director compensation data for this organization

The Washington Ballet

Highest paid employees

SOURCE: IRS Form 990

Compensation

Other

Show data for fiscal year

Compensation data

Download up to 5 most recent years of highest paid employee data for this organization

The Washington Ballet

Board of directors
as of 01/17/2023

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. Michael Goldstein

Cooley LLP

Luanne Adams

Lowell Yoder

M&T Bank

Joan McCarthy

Britt Biles

U.S. SBA

Jamie Boucher

Skadden Financial

Jane Cafritz

Jane R. Cafritz Antiques & Interiors

Evonne Connolly

Bishop Walker School for Boys

Erin Drouin

Charles DeSantis

Georgetown University

David DeSantis

TTR Sotheby's International Realty

Ryan Hayes

Covington & Burling

Maureen Hinman

Silverado Policy Accelerator

Ashley Holbrook

Boeing

Heather Hughes

American University

Hanane Lemlih

Wells Fargo

Eve Lilley

Educational Assessment Associates

Timothy Lowery

CityCenterDC

Dorothy McSweeny

Chair Emeritus DCCAH

Michelle Montes

Dr. Michael Olding

George Washington University

Barbara Rothkopf

Martha Schwieters

Yolanda Scott

Slalom LLC

Mary Slimp

CIA

Jennifer Tulumello

Freelance journalist

Dena Wiggins

Natural Gas Supply Association

Patricia Wu

Crowell & Moring LLP

Lauri Fitz-Pegado

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 12/23/2022

Who works and leads organizations that serve our diverse communities? GuideStar partnered on this section with CHANGE Philanthropy and Equity in the Center.

Leadership

The organization's leader identifies as:

Race & ethnicity

White/Caucasian/European

Gender identity

Male, Not transgender (cisgender)

Sexual orientation

Decline to state

Disability status

Decline to state

The organization's co-leader identifies as:

Race & ethnicity

White/Caucasian/European

Gender identity

Female, Not transgender (cisgender)

Sexual orientation

Heterosexual or Straight

Disability status

Person without a disability

Race & ethnicity

No data

Gender identity

No data

Sexual orientation

No data

Disability

No data

Contractors

Fiscal year ending

There are no fundraisers recorded for this organization.

The Washington Ballet

Mission

Is this your nonprofit?

Programs and results

Reports and documents

What we aim to solve

This profile needs more info.

Our programs

Professional Company

The Washington School of Ballet

Community Engagement

Where we work

How we listen

Financials

Revenue vs. expenses: breakdown

Liquidity in 2020 info

0.62

Months of cash in 2020 info

1.9

Fringe rate in 2020 info

17%

Funding sources info

Assets & liabilities info

Financial data

Digitizing IRS form 990 data

The Washington Ballet

The Washington Ballet

The Washington Ballet

Business model indicators

Capital structure indicators

Key data checks

Operations

Documents

Managing Director

Mr. Patrick Muhlen-Schulte

Artistic Director

Julie Kent

Number of employees

The Washington Ballet

Compensation data

The Washington Ballet

Compensation data

The Washington Ballet

Board of directors data

Mrs. Jean-Marie Fernandez

Mr. Michael Goldstein

Board leadership practices

Board orientation and education

CEO oversight

Ethics and transparency

Board composition

Board performance

Organizational demographics

Leadership

Race & ethnicity

Gender identity

Sexual orientation

Disability

Contractors

Liquidity in 2020

Months of cash in 2020

Fringe rate in 2020

Funding sources

Assets & liabilities