Lakecities Ballet Theatre
- Assets
- $101.1k
- Revenue
- $146.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Lewisville, TX
- Founding
- 06/1989
- Data as of
- 12/2020
- EIN
- 75-2436470
Organization Overview
Lakecities Ballet Theatre is located in Lewisville, TX. The organization was established in 1989. 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. Lakecities Ballet Theatre 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 12/2020, Lakecities Ballet Theatre generated $146.2k 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 (3.8%) each year. All expenses for the organization totaled $101.7k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (11.8%) 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
PRIMARY PURPOSE IS TO PROMOTE BALLET THROUGH DANCE PERFORMANCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PRESENTED THREE MAJOR PRODUCTIONS DURING THE 2021 CALENDAR YEAR. THESE PRODUCTIONS INCLUDED: CINDERELLA, DRACULA AND NUTCRACKER. EACH OF THESE PRODUCTIONS UTILIZED GUEST ARTISTS AND OTHER PROFESSIONALS THROUGHOUT THE COUNTRY. IN ADDITION TO PROMOTING BOX OFFICE SALES, TIME WAS SPENT PROMOTING THE THEATER BY HOLDING VARIOUS FUNDRAISING EVENTS. THESE EVENTS INCLUDED SUCH THINGS AS SPONSORSHIP SALES, SILENT AUCTIONS AND SELLING PROMOTION ITEMS. THESE EVENTS, AS WELL AS THE GOVERNMENT GRANTS AND MEMBERSHIP AND CONTRIBUTIONS INCOME, HELPED FUND THE COST OF THE THE TWO PRODUCTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelly Lannin Member | Trustee | 7 | $13,417 |
Shanon Tate Member | Trustee | 7 | $11,718 |
Mary Neel Treasurer | Officer | 2 | $0 |
Heike Cullum President | Officer | 4 | $0 |
Karen Westphal Secretary | Officer | 1 | $0 |
Jill Mckay Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $116,824 |
| Investment income | $111 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$581 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $146,233 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $9,976 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,997 |
| Office expenses | $1,049 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,984 |
| 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 | $1,961 |
| All other expenses | $0 |
| Total functional expenses | $101,661 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $101,095 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $101,095 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $101,095 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Lakecities Ballet Theatre has recieved totaling $811.
| Awarding Organization | Amount |
|---|---|
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $311 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Houston Ballet Foundation Houston, TX | $166,414,247 | $49,258,253 |
Ballet Austin Incorporated Austin, TX | $16,567,497 | $9,559,928 |
Texas Ballet Theater Inc Fort Worth, TX | $14,755,979 | $10,675,442 |
Tulsa Ballet Theater Inc Tulsa, OK | $22,400,601 | $8,502,170 |
Ballet Oklahoma Inc Oklahoma City, OK | $9,840,405 | $3,365,985 |
Ballet Lubbock Lubbock, TX | $11,609,353 | $2,793,378 |
Lone Star Ballet Inc Amarillo, TX | $2,855,420 | $1,229,506 |
Ballet San Antonio San Antonio, TX | $323,558 | $962,217 |
Baton Rouge Ballet Theatre Inc Baton Rouge, LA | $649,892 | $706,281 |
Ballet Arkansas Little Rock, AR | $727,300 | $993,614 |
Chamberlain Ballet Plano, TX | $165,106 | $597,554 |
Midland Festival Ballet Midland, TX | $220,082 | $529,242 |