Los Angeles Ballet Inc
- Assets
- $1.1m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 36
- Location
- Los Angeles, CA
- Founding
- 06/2005
- Data as of
- 06/2021
- EIN
- 20-1819852
Organization Overview
Los Angeles Ballet Inc is located in Los Angeles, CA. The organization was established in 2005. According to its NTEE Classification (A63) the organization is classified as: Ballet, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Los Angeles Ballet Inc employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Los Angeles Ballet Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Los Angeles Ballet Inc generated $1.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (11.1%) each year. All expenses for the organization totaled $864.4k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (21.4%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PERFORM OUTSTANDING CLASSICAL AND MODERN BALLETS THAT SET THE STANDARD FOR DANCE IN LOS ANGELES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BY THE END OF FY21, LOS ANGELES BALLET HAD EXPANDED ITS FREE COMMUNITY DANCE CLASSES FROM A ONCE-PER-MONTH DAY OF CLASSES AT LAB'S STUDIOS IN WEST LOS ANGELES TO TWICE-MONTHLY DAYS OF FREE ONLINE CLASSES. AS A RESULT, ATTENDANCE INCREASED FROM APPROXIMATELY 100 COMMUNITY MEMBERS IN LOS ANGELES PER MONTH TO THOUSANDS OF CLASS ATTENDEES ACROSS THE GLOBE EACH MONTH. THIS WAS ACCOMPLISHED WITH NO INCREASE IN PROGRAM BUDGET AND PROVIDED SIX TEACHING ARTISTS WITH EMPLOYMENT DURING THE PANDEMIC. PRODUCED NO DIRECT REVENUE, BUT INDIRECTLY CONTRIBUTED TO REVENUE OF $127,000 IN GIVING TO LAB'S ANNUAL FUND DRIVE AND PANDEMIC RELIEF FUND.CONTINUED ON SCHEDULE O...LOS ANGELES BALLET PRODUCED ITS FIRST-EVER VIRTUAL EVENT/PERFORMANCE, CLARA'S VIRTUAL NUTCRACKER TEA, BRINGING AN INTERACTIVE HOLIDAY EXPERIENCE TO FAMILIES DURING PANDEMIC LOCKDOWN. EMPLOYED DANCERS AND PRODUCTION STAFF AND RAISED $135,000 TO SUPPORT LAB. TICKETS TO THE VIRTUAL EVENT WERE DONATED TO CHILDREN AND FAMILIES AT PARTNER NON-PROFIT, AVIVA FAMILY AND CHILDREN'S SERVICES.ALTHOUGH NOT PROGRAMMATIC, BECAUSE OF THE EXTRAORDINARY CIRCUMSTANCE FACED DURING THE TAX YEAR, IT IS IMPORTANT TO NOTE THAT STAFF, INCLUDING ALL LEADERSHIP AND DANCERS, MADE PERSONAL FINANCIAL SACRIFICES IN ORDER TO ENSURE THE ORGANIZATION'S HEALTH. FURLOUGHS, PARTIAL OR FULL, REDUCED SALARY EXPENSES BY $600,000 COMPARED TO THE MOST RECENT PRE-PANDEMIC FISCAL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brandon Lussier Executive Director | Officer | 70 | $68,250 |
Thordal Christensen Artistic Director | Officer | 45 | $50,700 |
Colleen Neary Artistic Director | Officer | 60 | $50,700 |
Catherine Kanner Staff / Board Member | Trustee | 40 | $42,657 |
Roberta K Dahl Secretary | Trustee | 8 | $0 |
Lori Milken Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $794,437 |
| Related organizations | $0 |
| Government grants | $214,300 |
| All other contributions, gifts, grants, and similar amounts not included above | $647,073 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,655,810 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $37,191 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$149,299 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,543,702 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $230,031 |
| Compensation of current officers, directors, key employees. | $42,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $125,295 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $107,257 |
| Payroll taxes | $31,012 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,717 |
| Advertising and promotion | $0 |
| Office expenses | $17,157 |
| Information technology | $35,925 |
| Royalties | $0 |
| Occupancy | $89,124 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $11,096 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $37,142 |
| Insurance | $91,812 |
| All other expenses | $0 |
| Total functional expenses | $864,420 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $732,440 |
| Savings and temporary cash investments | $105,399 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $77,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $26,161 |
| Net Land, buildings, and equipment | $155,951 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,000 |
| Total assets | $1,101,951 |
| Accounts payable and accrued expenses | $150,405 |
| Grants payable | $0 |
| Deferred revenue | $24,388 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $99,656 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $514,307 |
| Other liabilities | $0 |
| Total liabilities | $788,756 |
| Net assets without donor restrictions | $233,001 |
| Net assets with donor restrictions | $80,194 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,101,951 |
Grants Recieved
Over the last fiscal year, we have identified 23 grants that Los Angeles Ballet Inc has recieved totaling $476,344.
| Awarding Organization | Amount |
|---|---|
W M Keck Foundation Los Angeles, CA PURPOSE: FOR GENERAL SUPPORT OF CHARITABLE PURPOSES | $200,000 |
Bari Milken Bernstein & Fred J Bernstein Foundation Santa Monica, CA PURPOSE: CULTURAL PROGRAMS | $60,000 |
Declaration Of Trust Of The Ray R Irani Foundation Los Angeles, CA PURPOSE: UNRESTRICTED | $50,000 |
Corrine And Lenny Sands Foundation Los Angeles, CA PURPOSE: TO FURTHER THE ORGANIZATION'S CHARITABLE PURPOSE | $31,310 |
Rosalinde And Arthur Gilbert Foundation Los Angeles, CA PURPOSE: ARTS EDUCATION | $25,000 |
Shubert Foundation Inc New York, NY PURPOSE: GENERAL OPERATING | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
San Francisco Ballet Association San Francisco, CA | $42,362,954 | $42,335,157 |
Oregon Ballet Theatre Portland, OR | $8,514,467 | $9,410,499 |
Ballet Arizona Phoenix, AZ | $11,465,321 | $6,255,701 |
The Wooden Floor For Youth Movement Santa Ana, CA | $14,794,829 | $2,954,503 |
Smuin Ballets-Sf San Francisco, CA | $10,091,492 | $3,860,023 |
Dance Downtown La Inc Los Angeles, CA | $2,086,365 | $3,424,604 |
Eugene Ballet Eugene, OR | $4,036,956 | $2,163,393 |
Long Beach Ballet Arts Center Long Beach, CA | $362,666 | $1,208,690 |
Berkeley Ballet Theatre Inc Berkeley, CA | $687,595 | $961,031 |
Diablo Ballet Walnut Creek, CA | $266,639 | $1,136,427 |
City Ballet Inc San Diego, CA | $417,360 | $1,107,736 |
Sacramento Ballet Association Sacramento, CA | $1,802,888 | $1,450,933 |