French Academie Of Ballet
- Assets
- $93.3k
- Revenue
- $44.8k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 06/2014
- Data as of
- 05/2022
- EIN
- 45-2463922
Organization Overview
French Academie Of Ballet is located in New York, NY. The organization was established in 2014. According to its NTEE Classification (A63) the organization is classified as: Ballet, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. French Academie Of 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 05/2022, French Academie Of Ballet generated $44.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (21.3%) each year. All expenses for the organization totaled $33.6k during the year ending 05/2022. As we would expect to see with falling revenues, expenses have declined by (28.1%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SHARE THE ART OF DANCE WITH THE COMMUNITY AT LARGE BY PROVIDING THE OPPORTUNITY TO EXPERIENCE AND LEARN FROM THE BEAUTY OF BALLET.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDENTS AUDITION FOR ACCEPTANCE INTO DANCE PROGRAM. MERIT AND FINANCIAL SCHOLARSHIPS ARE PROVIDED TO QUALIFIED STUDENTS. SCHOLARSHIPS ARE GIVEN AS A REDUCTION OF TUITION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Francois Perron Director | OfficerTrustee | 35 | $6,840 |
Raeman Kilfoil Treasurer | OfficerTrustee | 2 | $240 |
Brian Guggiana Secretary | OfficerTrustee | 2 | $0 |
Mohammad Ullah President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,624 |
| Investment income | $9 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $44,801 |
| Statement of Expenses | |
|---|---|
| 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. | $6,840 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $240 |
| Pension plan accruals and contributions | $69 |
| Other employee benefits | $0 |
| Payroll taxes | $1,029 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,154 |
| Advertising and promotion | $107 |
| Office expenses | $335 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $339 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,667 |
| All other expenses | $0 |
| Total functional expenses | $33,638 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,546 |
| Savings and temporary cash investments | $80,786 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $93,332 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,271 |
| Total liabilities | $1,271 |
| Net assets without donor restrictions | $92,061 |
| 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 |
| Total liabilities and net assets/fund balances | $92,061 |