Better Business Bureau Report for
Houston Ballet Foundation

Better Business Bureau Report issued August 2011
Better Business Bureau Report expires August 2012


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: Houston Ballet Mission Statement 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

               

The Houston Ballet Foundation operates two major programs: The Houston Ballet Company and The Houston Ballet's Ben Stevenson Academy. The Houston Ballet Company offers over 80 performances each year. The Houston Ballet's Ben Stevenson Academy offers a program designed to take students from their first introduction to the ballet through a full course of ballet study. Students take classes in technique, pointe work, pas de deux, men's technique, character dance and music. The academy also operates a summer intensive program that welcomes students from around the United States and abroad. Each year, faculty members hold auditions in thirteen cities around the country and select intermediate and advanced level students to attend this intensive six-week program. The most gifted students from the summer intensive program are invited to remain at the academy on a year-round basis. Other Outreach and Education activities include Studio A, Student Matinee Performances, HBII, and Docent Visits to Schools. During the 2007-2008 season, 275,193 people attended the Houston Ballet's performances and special events.

For the fiscal year ended June 30, 2010, Houston Ballet Foundation's program expenses were:

  
Production and company 13,892,285
Academy 1,964,136
Total Program Expenses: $15,856,421
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Governance

               

Chief Executive : Cecil C. Conner, Jr., Managing Director
Compensation*:
 $179,770

Highest Paid Executive: Stanton Welch,Artistic Director
Compensation*: $224,517

Chair of the Board: Joseph Hafner
Chair's Profession / Business Affiliation: Chairman Board of Trustees, Retired Riviana Foods

Board Size: 129

Paid Staff Size: 126

*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, invitations to fund raising events, print advertisements, television, grant proposals, Capital campaign materials
Fund raising costs were 19% of related contributions. (Related contributions, which totaled $4,701,771, 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, 2010.

Source of Funds  
Performance income 6,725,339
Special events 4,701,771
Tuition 1,471,501
Investment income 1,242,695
Other income 910,419
Total Income $15,051,725


chart



Uses of Funds as a % of Total Expenses

Programs: 78%  Fund Raising: 4%  Administrative: 7%  Other Expenses: 11%

Total income   $15,051,725
  Program expenses $15,856,421
  Fund raising expenses 890,087
  Administrative expenses 1,403,359
  Other Expenses 2,218,181
Total expenses   $20,368,048
Expenses in Excess of Income   (5,316,323)
Beginning net assets   69,558,893
Ending net assets   77,688,123
Total liabilities   13,602,696
Total assets   $91,290,819


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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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