Better Business Bureau Report for
Houston Ballet Foundation

Better Business Bureau Report issued November 2014
Better Business Bureau Report expires November 2015


This BBB Accredited charity meets all 20 Standards for Charity Accountability. Find out more...


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Charity Contact Information

Name: Houston Ballet Foundation
Address: 601 Preston St.
  Houston, TX 77002
Phone: 713-523-6300
713-535-3200
Web Address: www.houstonballet.org
Also known as:Houston Ballet
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Better Business Bureau Comments

Year, State Incorporated: 1955, Texas
Affiliates: None
Stated Purpose: To inspire a lasting love and appreciation for dance through artistic excellence, exhilarating performances, innovative choreography and superb educational programs. In furtherance of our mission, we are committed to maintaining and enhancing our status as: • A classically trained company with a diverse repertory whose range includes the classics as well as contemporary works. • A company that attracts the world’s best dancers and choreographers and provides them with an environment where they can thrive and further develop the art form. • An international company that is accessible to broad and growing local, national, and international audiences. • A company with a world-class Academy that provides first rate instruction for professional dancers and meaningful programs for non-professional dancers. • A company with state of the art facilities for performances, rehearsals, and ongoing operations.

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Evaluation Conclusions

              

Houston Ballet Foundation meets the 20 Standards for Charity Accountability.
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Programs

              

As the fourth largest ballet company in the US, the Houston Ballet Foundation opened the largest dancing facility in the nation where it operates two major programs: The Houston Ballet Company and The Houston Ballet Ben Stevenson Academy. The Houston Ballet made a strong community impact, reaching nearly 350,000 individuals through performances, educational and outreach programs, volunteer efforts and special events. Specifically, the Houston Ballet gave a total of 96 performances—75 of those at Wortham Theater Center, 21 on other stages, including one performance at the Woodlands Pavilion, three performances at Miller Outdoor Theater, and 17 performances on tour. The Houston Ballet education and outreach programs reached 33,545 Houston-area students, primarily through 11 different programs in 160 schools that range from performances in the Margaret Alkek Williams Dance Lab and student matinees at Wortham Theater Center to after-school programs and “Chance to Dance.” Academy enrollment has soared, and the school is firmly positioned as a top international training center providing instruction to 1,062 students year-round and in summer intensive programs. The Center for Dance has allowed the Houston Ballet to grow their academy by 60% since they opened the new facility. Houston Ballet’s global presence is enhanced by online content on a variety of platforms. The Houston Ballet has nearly 25,000 Facebook friends and their YouTube Channel has 2,800 subscribers, and has seen nearly 1.5 million video views. Their Instagram presence is strong and growing at 3,754 followers, and they have over 20,000 followers on Twitter. Over 910 volunteers contributed in excess of 6,000 hours to assist Houston Ballet in delivering on its mission.

For the fiscal year ended June 30, 2014, Houston Ballet Foundation's program expenses were:

  
Production and Company 18,003,894
Ballet Academy 3,954,288
Total Program Expenses: $21,958,182
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Governance

              

Chief Executive : James Nelson, Executive Director
Compensation*: 
$176,605

Highest Paid Executive: Stanton Welch,Artistic Director
Compensation*: $286,656

Chair of the Board: Mr. James M. Jordan, Chairman Board of Trustees
Chair's Profession / Business Affiliation: Legal at Macquarie Bank Limited

Co-Chair of the Board : Mrs. Phoebe Tudor, President Board of Trustees

Chair's Profession / Business Affiliation: Community Volunteer

Board Size: 105

Paid Staff Size: 278

*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising

              

Method(s) Used:

direct mail, telephone, invitations to fund raising events, print advertisements, grant proposals, internet, planned giving arrangements
Fund raising costs were 14% of related contributions. (Related contributions, which totaled $7,279,169, are donations received as a result of fund raising activities.)
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Tax Status

              

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
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Financial

              

The following information is based on Houston Ballet Foundation's audited financial statements for the fiscal year ended June 30, 2014.

Source of Funds  
Performance 10,458,178
Special Events 7,279,169
Tuition 2,704,652
Other 1,381,068
Investment 1,166,416
Total Income $22,989,483


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Uses of Funds as a % of Total Expenses

Programs: 76%  Fund Raising: 4%  Administrative: 9%  Other Expenses: 11%

Total income $22,989,483
Program expenses $21,958,182
Fund raising expenses 1,045,182
Administrative expenses 2,434,078
Other Expenses 3,156,077
Total expenses $28,593,519
Expenses in Excess of Income (5,604,036)
Beginning net assets 104,508,075
Ending net assets 118,791,156
Total liabilities 5,795,940
Total assets $124,587,096


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Complaints

              

The BBB has processed no complaints about this organization in the past 36 months, our standard reporting period.

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An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the BBB Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.

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