Ballets With A Twist Foundation
- Assets
- $2.8m
- Revenue
- $285.2k
- Investments
- $2.6m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 09/2014
- Data as of
- 12/2023
- EIN
- 46-5643684
Organization Overview
Ballets With A Twist Foundation is located in Los Angeles, CA. 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. Ballets With A Twist Foundation 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, Ballets With A Twist Foundation generated $285.2k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $752.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION MADE QUALIFYING DISTRIBUTIONS THAT WEREDIRECTLY FOR THE ACTIVE CONDUCT OF THE ACTIVITIESCONSTITUTING ITS EXEMPT PURPOSE PRINCIPALLY IN EXPENSESRELATING TO BRINGING BALLET PERFORMANCES TO VARIOUSLOCATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marilyn Klaus Director, President & Treasurer | 40 | $0 | |
Stephen Gaboury Director, Vice President | 30 | $0 | |
Lynn Walsh Director, Secretary | 2 | $0 | |
Catherine Zehr Costume Designer | 40 | $72,000 | |
Kathleen Dalton Admin | 40 | $62,320 | |
Karin Lillebo Admin | 40 | $58,720 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $287 |
| Dividends & Interest | $70,573 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $167,811 |
| Capital Gain Net Income | $167,811 |
| Net ST Capital Gain | $2,361 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $46,500 |
| Total Revenue | $285,171 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $197,510 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $16,978 |
| Depreciation | $1,637 |
| Occupancy | $107,150 |
| Travel, conferences, and meetings | $48,097 |
| Printing and publications | $0 |
| Other expenses | $325,219 |
| Total operating and administrative expenses | $752,613 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $752,613 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $65,035 |
| Savings and temporary cash investments | $11,599 |
| Net Accounts receivable | $12,139 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $14,606 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $762,443 |
| Net Land, buildings, and equipment | $1,690 |
| Other assets | $89,275 |
| Total assets | $2,801,684 |
| Accounts payable and accrued expenses | $90,012 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $21,403 |
| Total liabilities | $111,415 |