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Ballet Vero Beach Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Arts, Culture and Humanities / Ballet (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$624k (2024)

Expenses
$581k (2024)

Total Assets
$495k (2024)

Total Liabilities
$56.9k (2024)

Source: Form 990 tax filings from 2014 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending May
2024

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$624,143
Expenses
$580,690
Net Income
$43,453
Net Assets
$437,934
Notable Sources of Revenue Percent of Total Revenue
Contributions $518,415
83.1%
Program Services $99,615
16.0%
Investment Income $6,113
1.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $241,677
41.6%
Professional Fundraising Fees $0
Other Salaries and Wages $121,589
20.9%
Assets/Debt
Total Assets $494,831
Total Liabilities $56,897
Net Assets $437,934
Compensation
Key Employees and Officers Compensation Related Other
Adam Schnell (Artistic Director Ceo And President) $40,000 $0 $0
Katherine Eppink (Dancer Representative) $30,000 $0 $0
Shelly Jenkins (Director) $0 $0 $0
Stacey Lewis (Director) $0 $0 $0
Susan Salustro (Director) $0 $0 $0
Sue Sharpe (Director) $0 $0 $0
Anne Wallace (Director) $0 $0 $0
Lily O'dare (Director) $0 $0 $0
Nick Bruce (Direcotr) $0 $0 $0
Linda Downey (Director And Board Chair) $0 $0 $0
Kelly Ward (Director And Board Secretary) $0 $0 $0
Ahmet Bidav (Director) $0 $0 $0

Document Links

Fiscal Year Ending May
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$527,730
Expenses
$508,459
Net Income
$19,271
Net Assets
$382,664
Notable Sources of Revenue Percent of Total Revenue
Contributions $431,912
81.8%
Program Services $95,366
18.1%
Investment Income $452
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $187,163
36.8%
Professional Fundraising Fees $0
Other Salaries and Wages $100,000
19.7%
Assets/Debt
Total Assets $402,299
Total Liabilities $19,635
Net Assets $382,664
Compensation
Key Employees and Officers Compensation Related Other
Adam Schnell (Artistic Director Ceo And President) $35,000 $0 $0
Alan Edelstein (Director) $0 $0 $0
Shelly Jenkins (Director) $0 $0 $0
Stacey Lewis (Director) $0 $0 $0
Marion Martin (Director) $0 $0 $0
Susan Salustro (Director) $0 $0 $0
Sue Sharpe (Director) $0 $0 $0
Anne Wallace (Director) $0 $0 $0
Lily O'dare (Director) $0 $0 $0
Nick Bruce (Direcotr) $0 $0 $0
Linda Downey (Director And Board Chair) $0 $0 $0
Kelly Ward (Director And Board Secretary) $0 $0 $0

Document Links

Fiscal Year Ending May
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$393,025
Expenses
$385,811
Net Income
$7,214
Net Assets
$363,393
Notable Sources of Revenue Percent of Total Revenue
Contributions $317,914
80.9%
Program Services $75,111
19.1%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $165,812
43.0%
Professional Fundraising Fees $0
Other Salaries and Wages $100,000
25.9%
Assets/Debt
Total Assets $387,169
Total Liabilities $23,776
Net Assets $363,393
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Adam Schnell (Artistic Director Ceo And President) $30,000 $0 $0
Linda Downey (Director And Board Chair) $0 $0 $0
Kelly Ward (Director And Board Secretary) $0 $0 $0
Alan Edelstein (Director) $0 $0 $0
Shelly Jenkins (Director) $0 $0 $0
Stacey Lewis (Director) $0 $0 $0
Marion Martin (Director) $0 $0 $0
Susan Salustro (Director) $0 $0 $0
Sue Sharpe (Director) $0 $0 $0
Anne Wallace (Director) $0 $0 $0

Document Links

Fiscal Year Ending May
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$290,655
Expenses
$256,126
Net Income
$34,529
Net Assets
$333,079
Notable Sources of Revenue Percent of Total Revenue
Contributions $240,697
82.8%
Program Services $29,311
10.1%
Investment Income $17
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $20,630
7.1%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $25,000
9.8%
Professional Fundraising Fees $0
Other Salaries and Wages $119,158
46.5%
Assets/Debt
Total Assets $362,781
Total Liabilities $29,702
Net Assets $333,079
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Adam Schnell (Artistic Director Ceo And President) $25,000 $0 $0
Linda Downey (Director And Board Chair) $0 $0 $0
Kelly Ward (Director And Board Secretary) $0 $0 $0
Alan Edelstein (Director) $0 $0 $0
Shelly Jenkins (Director) $0 $0 $0
Stacey Lewis (Director) $0 $0 $0
Marion Martin (Director) $0 $0 $0
Susan Salustro (Director) $0 $0 $0
Sue Sharpe (Director) $0 $0 $0
Anne Wallace (Director) $0 $0 $0

Document Links

Fiscal Year Ending May
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$289,925
Expenses
$263,830
Net Income
$26,095
Net Assets
$298,550
Notable Sources of Revenue Percent of Total Revenue
Contributions $202,012
69.7%
Program Services $87,742
30.3%
Investment Income $171
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $15,000
5.7%
Professional Fundraising Fees $0
Other Salaries and Wages $128,749
48.8%
Assets/Debt
Total Assets $338,466
Total Liabilities $39,916
Net Assets $298,550

Document Links

Fiscal Year Ending May
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$205,041
Expenses
$247,195
Net Income
-$42,154
Net Assets
$272,455
Notable Sources of Revenue Percent of Total Revenue
Contributions $79,917
39.0%
Program Services $90,226
44.0%
Investment Income $58
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $34,840
17.0%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $5,000
2.0%
Professional Fundraising Fees $0
Other Salaries and Wages $118,345
47.9%
Assets/Debt
Total Assets $327,855
Total Liabilities $55,400
Net Assets $272,455

Document Links

Fiscal Year Ending May
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$341,598
Expenses
$227,269
Net Income
$114,329
Net Assets
$303,042
Notable Sources of Revenue Percent of Total Revenue
Contributions $224,896
65.8%
Program Services $102,872
30.1%
Investment Income $26
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $13,804
4.0%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $125,658
55.3%
Assets/Debt
Total Assets $356,842
Total Liabilities $53,800
Net Assets $303,042

Document Links

Fiscal Year Ending May
2017

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$145,809
Expenses
$110,153
Net Income
$35,656
Net Assets
$60,830
Notable Sources of Revenue Percent of Total Revenue
Contributions $87,552
60.0%
Program Services $39,731
27.2%
Investment Income $1,029
0.7%
Net Fundraising $17,497
12.0%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $107,880
Total Liabilities $47,050
Net Assets $60,830

Document Links

Fiscal Year Ending May
2016

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$95,451
Expenses
$34,178
Net Income
$61,273
Net Assets
$11,343
Notable Sources of Revenue Percent of Total Revenue
Contributions $62,101
65.1%
Program Services $33,350
34.9%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $62,468
Total Liabilities $51,125
Net Assets $11,343

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$110,738
Expenses
$120,361
Net Income
-$9,623
Net Assets
-$49,930
Notable Sources of Revenue Percent of Total Revenue
Contributions $57,517
51.9%
Program Services $51,365
46.4%
Investment Income $0
Net Fundraising $1,855
1.7%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $31,332
Total Liabilities $81,262
Net Assets -$49,930

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$59,511
Expenses
$106,063
Net Income
-$46,552
Net Assets
-$40,307
Notable Sources of Revenue Percent of Total Revenue
Contributions $24,784
41.6%
Program Services $34,727
58.4%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $1,093
Total Liabilities $41,400
Net Assets -$40,307

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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  • Raw filing data. Includes EINs and summary financials as structured data.
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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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