Olympic Ballet Theatre is located in Edmonds, WA. The organization was established in 1972. 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 08/2023, Olympic Ballet Theatre employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Olympic 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 08/2023, Olympic Ballet Theatre generated $447.2k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 17.1% each year . All expenses for the organization totaled $420.2k during the year ending 08/2023. While expenses have increased by 14.6% per year over the past 4 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
OUR MISSION IS TO DEVELOP, SUSTAIN, AND PROVIDE PROFESSIONAL DANCE TO PUBLIC AND SCHOOL AUDIENCES IN THE PUGET SOUND AREA, TO PROMOTE DANCE AS A CREATIVE PERFORMING ART, AND TO ENGAGE THE WIDEST POSSIBLE AUDIENCE WITH A STIMULATING REPERTOIRE OF CLASSICAL, CONTEMPORARY, AND DRAMATIC BALLET
Describe the Organization's Program Activity:
Part 3 - Line 4a
NUTCRACKER BALLET - CONSISTS OF SHOWS IN THE PUGET SOUND AREA INCLUDING SHOWS TO THE PUBLIC AND TO SCHOOL AUDIENCES.
SPRING SHOW - CONSISTS OF A FULL-LENGTH PRODUCTION OF 'THE SLEEPING BEAUTY' PRESENTED TO PUBLIC AUDIENCES IN THE PUGET SOUND AREA
WINTER SHOW - CONSISTS OF NEW (DEBUTS) CONTEMPORARY AND TRADITIONAL BALLET PIECES BY GUEST CHOREOGRAPHERS PRESENTED TO PUBLIC AUDIENCES IN THE PUGET SOUND AREA
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Oleg Gorboulev Co-Artistic Director | OfficerTrustee | 20 | $13,200 |
Mara Vinson Co-Artistic Director | OfficerTrustee | 20 | $13,200 |
Marilla Sargent President | OfficerTrustee | 1 | $0 |
Melanie Kuechle Vice President | OfficerTrustee | 1 | $0 |
Kelly Hui Secretary | OfficerTrustee | 2 | $0 |
Suzanne Cancler Treasurer | OfficerTrustee | 4 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $39,423 |
Related organizations | $0 |
Government grants | $63,091 |
All other contributions, gifts, grants, and similar amounts not included above | $53,082 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $155,596 |
Total Program Service Revenue | $251,199 |
Investment income | $1,501 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $300 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $447,231 |
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. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $55,008 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $4,850 |
Payroll taxes | $7,491 |
Fees for services: Management | $26,400 |
Fees for services: Legal | $5,312 |
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 | $138,281 |
Advertising and promotion | $26,393 |
Office expenses | $33,716 |
Information technology | $2,024 |
Royalties | $0 |
Occupancy | $61,702 |
Travel | $0 |
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 | $41,893 |
Insurance | $1,068 |
All other expenses | $3,529 |
Total functional expenses | $420,193 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $16,004 |
Savings and temporary cash investments | $109,565 |
Pledges and grants receivable | $24,344 |
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 | $16,369 |
Net Land, buildings, and equipment | $162,984 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $329,266 |
Accounts payable and accrued expenses | $29,955 |
Grants payable | $0 |
Deferred revenue | $4,659 |
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 | $34,614 |
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 |
Retained earnings, endowment, accumulated income, or other funds | $294,652 |
Total liabilities and net assets/fund balances | $329,266 |