Akhmedova Ballet Foundation Inc
- Assets
- $956.0k
- Revenue
- $486.1k
- Investments
- $0.0
- Employees
- 1
- Location
- Silver Spring, MD
- Founding
- 02/2012
- Data as of
- 12/2023
- EIN
- 27-2978701
Organization Overview
Akhmedova Ballet Foundation Inc is located in Silver Spring, MD. The organization was established in 2012. 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. Akhmedova Ballet Foundation 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 12/2023, Akhmedova Ballet Foundation Inc generated $486.1k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $406.5k during the year ending 12/2023. While expenses have increased by 10.9% per year over the past 9 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
DEDICATED TO PROVIDING THE FINEST QUALITY BALLET TRAINING UTILIZING THE VAGANOVA METHOD WITH PERSONAL AND ARTISTIC MENTORING TO PREPARE YOUNG TALENTED DANCERS TO BECOME STRONG AND FULLY DEVELOPED ARTISTS READY TO TAKE THEIR PLACES IN MAJOR DANCE COMPANIES AROUND THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE 2022/23 FULL-TIME TRAINING PROGRAM WAS HELD IN PERSON JANUARY-JUNE 2023 AND THE NEW TRAINING YEAR BEGAN IN SEPTEMBER 2023. ABFS PROFESSIONAL TRAINING PROGRAM STUDENTS PREPARED FOR THE END OF THE SCHOOL YEAR PERFORMANCE OF THE CLASSIC BALLET, FAIRY DOLL, JUNE 8 AT MONTGOMERY COLLEGE CULTURAL ARTS CENTER (MCCAC). COSTUMES AND PROPS WERE PURCHASED. ABF PRESENTED ITS ANNUAL NUTCRACKER ON STAGE AT MCCAC IN DECEMBER INCLUDING A FIRST-TIME LOW-COST MATINEE MINI-NUT FOR ELEMENTARY STUDENTS FOLLOWED BY A Q&A AND PHOTO SHOOT WITH THE DANCERS. THREE WELL-ATTENDED SUMMER INTENSIVES WERE HELD IN JULY AND AUGUST. FOUR FREE PERFORMANCES AT THE MONTGOMERY COUNTY SCHWEINHAUT SENIOR CENTER. PERFORMANCES AT LEISURE WORLD AND RIDERWOOD SENIOR COMMUNITIES. ABA CREATED AND DANCED AN ORIGINAL CHOREOGRAPHY FOR MONTGOMERY COUNTYS MLK JR. CELEBRATION. COLLABORATION PERFORMANCE WITH WASHINGTON BALLET AT WBS. ABA PARTICIPATED AND PERFORMED IN THE WHEATON ARTS PARADE FOR THE FIRST TIME. STUDIO COMPANY CONDUCTED A FREE PROGRAM TEACHING A VARIETY OF DANCE GENRES TO 15 STUDENTS AT ROLLING TERRACE ES, A TITLE I SCHOOL.ABA ATTENDED NATIONAL AND INTERNATIONAL (ITALY & CANADA) BALLET COMPETITIONS RECEIVING BEST SCHOOL, BEST TEACHER, BEST CHOREOGRAPHY, 1ST PLACE SMALL AND LARGE ENSEMBLES AND SEVERAL 1ST PLACE FOR INDIVIDUAL DANCERS.ABAS WEBSITE HAS BEEN PROFESSIONALLY REDESIGNED TO MEET CURRENT USE STANDARDS. INCREASED ADVERTISING AND SOCIAL MEDIA PRESENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jacqueline Achmedow President | OfficerTrustee | 60 | $57,575 |
Sam Statland Director | Trustee | 1 | $0 |
Elaine Novakovich Director | Trustee | 2 | $0 |
Dale Tibbitts Treasurer | OfficerTrustee | 24 | $0 |
Dr Pamela Voulalas Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $83,988 |
| All other contributions, gifts, grants, and similar amounts not included above | $80,665 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $164,653 |
| Total Program Service Revenue | $313,571 |
| Investment income | $0 |
| 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 | $486,148 |
| 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. | $57,575 |
| Compensation of current officers, directors, key employees. | $20,151 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,490 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,071 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $75,178 |
| Advertising and promotion | $8,481 |
| Office expenses | $21,778 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $143,151 |
| Travel | $4,330 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $13,210 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $30,552 |
| Insurance | $3,162 |
| All other expenses | $34,558 |
| Total functional expenses | $406,536 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $144,334 |
| Savings and temporary cash investments | $73,717 |
| 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 |
| Net Land, buildings, and equipment | $340,417 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $397,488 |
| Total assets | $955,956 |
| Accounts payable and accrued expenses | $1,759 |
| Grants payable | $0 |
| Deferred revenue | $43,475 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $78,450 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $410,583 |
| Total liabilities | $534,267 |
| Net assets without donor restrictions | $421,689 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $955,956 |