Santa Barbara Festival Ballet
- Assets
- $30.7k
- Revenue
- $318.4k
- Investments
- $0.0
- Employees
- 9
- Location
- Santa Barbara, CA
- Founding
- 02/1975
- Data as of
- 08/2023
- EIN
- 23-7429689
Organization Overview
Santa Barbara Festival Ballet is located in Santa Barbara, CA. The organization was established in 1975. According to its NTEE Classification (A62) the organization is classified as: Dance, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 08/2023, Santa Barbara Festival Ballet employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Santa Barbara Festival Ballet 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 08/2023, Santa Barbara Festival Ballet generated $318.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $312.2k during the year ending 08/2023. While expenses have increased by 0.6% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ENRICH THE COMMUNITY THROUGH ARTISTIC PRESENTATIONS AND INSTRUCTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SANTA BARBARA FESTIVAL BALLET BRINGS THE GIFT OF DANCE TO THE COMMUNITY THROUGH THE CONSERVATORY. CHILDREN, TEENS AND ADULTS ARE GIVEN THE OPPORTUNITY TO STUDY DANCE IN BOTH CREATIVE AND RECREATIONAL CLASSES, WITH BEGINNING THROUGH ADVANCED BALLET CLASSES TAUGHT BY EXPERIENCED AND COMMITTED INSTRUCTORS. STUDENTS LEARN THE ART OF PERFORMANCE AND HAVE THE OPTION OF AUDITIONING TO PERFORM ALONGSIDE PROFESSIONAL DANCERS.
THE ANNUAL PRODUCTION OF NUTCRACKER AT THE ARLINGTON THEATER PROVIDES THE COMMUNITY WITH AN OPPORTUNITY TO EXPERIENCE A CLASSIC BALLET ACCOMPANIED BY FULL SYMPHONY ORCHESTRA. THIS HOLIDAY TRADITION IS WELL KNOWN AND WELL ATTENDED BY A MULTIGENERATIONAL, MULTICULTURAL AUDIENCE. AN ADDITIONAL SPRING PERFORMANCE PROVIDES A SECOND OPPORTUNITY TO EXPOSE THE COMMUNITY TO THIS ART FORM.
SBFB OFFERS STUDENTS THE OPPORTUNITY TO PARTICIPATE IN THE BALLET ALLIANCE - AN ORGANIZATION THAT PUTS ON FESTIVALS THAT PROVIDE PRE-PROFESSIONAL PERFORMANCE OPPORTUNITY FOR DANCERS. THE FESTIVALS ARE PERFORMING EVENTS WHERE STUDENTS CAN DANCE FOR ADJUDICATORS, AND INTERACT WITH OTHERS TO FURTHER THEIR ART.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dorothy Poley President | OfficerTrustee | 5 | $0 |
Sarah Case Treasurer | OfficerTrustee | 5 | $0 |
Craig Arcuri Member At Large | Trustee | 1 | $0 |
Elizabeth Reiter Vice President | OfficerTrustee | 1 | $0 |
Melissa Wilder Member At Large | Trustee | 1 | $0 |
Valerie Huston Board Advisor | Officer | 5 | $3,402 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $15,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $97,803 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $112,803 |
| Total Program Service Revenue | $202,365 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $3,190 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $318,358 |
| 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. | $5,040 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $21,351 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,415 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,639 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,905 |
| Advertising and promotion | $13,562 |
| Office expenses | $250 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $95,481 |
| Travel | $4,434 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $75 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,975 |
| Insurance | $6,109 |
| All other expenses | $3,917 |
| Total functional expenses | $312,215 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,490 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $17,802 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $6,400 |
| Other assets | $0 |
| Total assets | $30,692 |
| Accounts payable and accrued expenses | $342 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $50,200 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $317 |
| Other liabilities | $0 |
| Total liabilities | $50,859 |
| Net assets without donor restrictions | -$20,167 |
| Net assets with donor restrictions | $0 |
| 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 | $30,692 |