Lincoln Midwest Ballet Company
- Assets
- $612.0k
- Revenue
- $413.9k
- Investments
- $0.0
- Employees
- 2
- Location
- Lincoln, NE
- Founding
- 12/1994
- Data as of
- 05/2022
- EIN
- 47-0729473
Organization Overview
Lincoln Midwest Ballet Company is located in Lincoln, NE. The organization was established in 1994. 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 05/2023, Lincoln Midwest Ballet Company employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lincoln Midwest Ballet Company 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, Lincoln Midwest Ballet Company generated $413.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $253.5k during the year ending 05/2022. 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 PROVIDE LOW COST BALLET PERFORMANCES AND BALLET CAMPS TO INTERESTED PERSONS IN THE COMMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES LOW COST BALLET FOR THE ENJOYMENT OF ALL MEMBERS OF THE COMMUNITY AND FOR THE COMMUNITY TO GAIN A BETTER UNDERSTANDING AND APPRECIATION FOR THE FINE ARTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lana Peterson-Pressler Director | Trustee | 0 | $0 |
Susan Lempke Director | Trustee | 0 | $0 |
Sammy Luci Director | Trustee | 0 | $0 |
Julie Marshall Secretary | OfficerTrustee | 0 | $0 |
Marcia Kirk Vice President | OfficerTrustee | 0 | $0 |
Kenton Sullivan President | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $137,818 |
| Investment income | $43,610 |
| 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 | $9,020 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $413,933 |
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,325 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $902 |
| Fees for services: Management | $21,301 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,842 |
| Fees for services: Other | $99,812 |
| Advertising and promotion | $12,720 |
| Office expenses | $9,316 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $55,932 |
| Travel | $7,423 |
| 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 | $4,368 |
| Insurance | $3,178 |
| All other expenses | $0 |
| Total functional expenses | $253,537 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $590,408 |
| 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 | $15,093 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $611,953 |
| Accounts payable and accrued expenses | $124 |
| Grants payable | $0 |
| Deferred revenue | $23,000 |
| 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 | $0 |
| Total liabilities | $23,124 |
| Net assets without donor restrictions | $588,829 |
| 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 | $588,829 |