Olympic Ballet Theatre
- Assets
- $280.1k
- Revenue
- $332.7k
- Investments
- $0.0
- Employees
- 2
- Location
- Edmonds, WA
- Founding
- 05/1972
- Data as of
- 08/2022
- EIN
- 23-7150349
Organization Overview
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 08/2022, Olympic Ballet Theatre employed 2 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 08/2022, Olympic Ballet Theatre generated $332.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $386.1k during the year ending 08/2022. While expenses have increased by 8.6% per year over the past 7 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
2022
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 NEW FULL-LENGTH PRODUCTION OF 'DON QUIXOTE' 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
SUMMER PROGRAM CONSISTS OF TRADITIONAL AND NEW BALLET AND DANCE PIECES BY GUEST CHOREOGRAPHERS THAT SHOWCASE OLYMPIC BALLET THEATRE'S COMPANY DANCERS AS WELL AS UP AND COMING TALENT FROM OLYMPIC BALLET SCHOOL'S SUMMER INTENSIVE TRAINING PROGRAM
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Board, Officers & Key Employees
| 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 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $16,474 |
| Related organizations | $0 |
| Government grants | $12,200 |
| All other contributions, gifts, grants, and similar amounts not included above | $108,109 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $136,783 |
| Total Program Service Revenue | $173,138 |
| Investment income | $191 |
| 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 | $332,657 |
| 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 | $61,363 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,600 |
| Payroll taxes | $6,787 |
| Fees for services: Management | $26,400 |
| Fees for services: Legal | $5,960 |
| 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 | $119,597 |
| Advertising and promotion | $28,304 |
| Office expenses | $29,940 |
| Information technology | $2,491 |
| Royalties | $0 |
| Occupancy | $54,878 |
| 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 | $37,295 |
| Insurance | $873 |
| All other expenses | $0 |
| Total functional expenses | $386,081 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,822 |
| Savings and temporary cash investments | $58,079 |
| Pledges and grants receivable | $3,572 |
| 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 | $6,503 |
| Net Land, buildings, and equipment | $204,084 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $280,060 |
| Accounts payable and accrued expenses | $7,871 |
| Grants payable | $0 |
| Deferred revenue | $4,575 |
| 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 | $12,446 |
| 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 | $267,614 |
| Total liabilities and net assets/fund balances | $280,060 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Olympic Ballet Theatre has recieved totaling $5,246.
| Awarding Organization | Amount |
|---|---|
The Hubbard Family Foundation Dallas, TX PURPOSE: DON QUIXOTE PREMIERE MAY | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $246 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pacific Northwest Ballet Association Seattle, WA | $18,272,549 | $24,911,742 |
Oregon Ballet Theatre Portland, OR | $8,514,467 | $9,410,499 |
Ballet Idaho Inc Boise, ID | $2,692,364 | $2,968,951 |
Eugene Ballet Eugene, OR | $4,036,956 | $2,163,393 |
Ballet Sun Valley Inc Sun Valley, ID | $449,442 | $1,037,010 |
Pacific Northwest Ballet Foundation Seattle, WA | $26,849,330 | $2,104,988 |
Evergreen City Ballet Renton, WA | $428,594 | $490,251 |
Olympic Ballet Theatre Edmonds, WA | $280,060 | $332,657 |
Ballet Northwest Olympia, WA | $113,417 | $335,116 |
Ketchikan Theatre Ballet Ketchikan, AK | $43,839 | $296,381 |
Paradosi Christian Ballet Tacoma, WA | $85,266 | $0 |
Ensemble Ballet Theatre Ravensdale, WA | $48,568 | $0 |