Virginia National Ballet
- Assets
- $34.2k
- Revenue
- $296.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Manassas, VA
- Founding
- 08/2014
- Data as of
- 06/2024
- EIN
- 46-2706604
Organization Overview
Virginia National Ballet is located in Manassas, VA. The organization was established in 2014. 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. Virginia National Ballet 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 06/2024, Virginia National Ballet generated $296.2k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 63.7% each year . All expenses for the organization totaled $285.3k during the year ending 06/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE VIRGINIA NATIONAL BALLET, A NON-PROFIT COMPANY AFFILIATED WITH THE VIRGINIA NATIONAL BALLET SCHOOL, LLS, IS TO ENHANCE THE QUALITY OF LIFE IN PRINCE WILLIAM COUNTY AND THE STATE OF VIRGINIA BY PRESENTING WORLD CLASS DANCE PERFORMANCES INCLUDING NEW CHOREOGRAPHIC PREMIERS EACH SEASON AND GIVING OUTREACH PRESENTATIONS IN THE COMMUNITY. VIRGINIA NATIONAL BALLET COMPANY, INC., IS ORGANIZED EXCLUSIVELY FOR ARTISTIC PURPOSES, INCLUDING, FOR SUCH PURPOSES, THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501(C)3 OF THE INTERNAL REVENUE CODE, OR CORRESPONDING SECTION OF ANY FUTURE FEDERAL TAX CODE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROFESSIONAL BALLET COMPANY PRESENTING A FULL SEASON OF PERFORMANCES IN THE STATE OF VIRGINIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Alten Board Member | OfficerTrustee | 2 | $0 |
Elysabeth Muscat President/managing Directo | OfficerTrustee | 15 | $0 |
Angela Hollins Treasurer/secretary | OfficerTrustee | 2 | $0 |
Refik Hegab Board Member/artistic Dire | OfficerTrustee | 30 | $0 |
Victor S Angry Board Member | OfficerTrustee | 1 | $0 |
Jae Jin Board Member | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $56,990 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $58,990 |
| Total Program Service Revenue | $237,169 |
| 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 | $296,159 |
| 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 | $76,310 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $32,594 |
| Fees for services: Legal | $902 |
| 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 | $143,761 |
| Advertising and promotion | $2,960 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,218 |
| 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 | $0 |
| Insurance | $986 |
| All other expenses | $0 |
| Total functional expenses | $285,342 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,916 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $23,786 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,500 |
| Total assets | $34,202 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $2,077 |
| Other liabilities | $853 |
| Total liabilities | $2,930 |
| 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 | $31,272 |
| Total liabilities and net assets/fund balances | $34,202 |