Olympic Ballet Theatre

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 08/2023, 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.

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


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Board, Officers & Key Employees

Name (title)Compensation
Oleg Gorboulev
Co-Artistic Director
$13,200
Mara Vinson
Co-Artistic Director
$13,200
Marilla Sargent
President
$0
Melanie Kuechle
Vice President
$0
Kelly Hui
Secretary
$0
Suzanne Cancler
Treasurer
$0

Financial Statements

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

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