Los Angeles Ballet Inc

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.

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.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

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

Grants Recieved

Over the last fiscal year, we have identified 23 grants that Los Angeles Ballet Inc has recieved totaling $476,344.

Awarding OrganizationAmount
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
View Grant Recipient Profile

Create an account to unlock the data you need.

or