public forum
home forum magazine gallery links about faq courtesy
It is currently Fri Nov 28, 2014 1:05 am

All times are UTC - 7 hours [ DST ]




Post new topic Reply to topic  [ 1 post ] 
Author Message
 Post subject: Is $579,000 Too Much To Pay?
PostPosted: Thu Jul 15, 2004 4:54 am 
Offline

Joined: Fri Jul 18, 2003 11:01 pm
Posts: 219
There is a website www.guidestar.org where the IRS tax form 990s are available for most not-for-profit organizations--such as ballet companies. Disclosure of the 990's is required by law if requested.

These IRS Form 990's include the 5 highest paid salaried employees and the 5 highest paid independent contractors (usually around page 7 of the form) as well as most other financial information such as loans, mortgages, etc.

I was reviewing the 990's of several ballet companies and was startled to see that a ballet master in chief earned $579,000 for his independent contracting services as ballet master. I was further startled to see that his ballet company had made a $200,000 mortgage loan to him at 5% to "induce" him "to continue employment" as the company's ballet master in chief.

Now, I fully realize that not-for-profit DOES NOT MEAN no one profits. And I do realize that business people in the arts may command salaries comparable to business people in for profit companies. But, $579,000 for the ballet master in chief? Does this startle anyone else? How does this compare to the compensation for European artistic directors?


Top
 Profile  
 
Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 1 post ] 

All times are UTC - 7 hours [ DST ]


Who is online

Users browsing this forum: No registered users and 4 guests


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Search for:
Jump to:  
The messages in this forum are posted by members of the general public and do not reflect the opinions or beliefs of CriticalDance or its staff.
Powered by phpBB © 2000, 2002, 2005, 2007 phpBB Group