Omaha Academy Of Ballet
- Assets
- $2.0m
- Revenue
- $521.7k
- Investments
- $0.0
- Employees
- 44
- Location
- Omaha, NE
- Founding
- 11/1970
- Data as of
- 08/2022
- EIN
- 47-0532282
Organization Overview
Omaha Academy Of Ballet is located in Omaha, NE. The organization was established in 1970. 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, Omaha Academy Of Ballet employed 44 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Omaha Academy Of 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 08/2022, Omaha Academy Of Ballet generated $521.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.4%) each year. All expenses for the organization totaled $513.1k during the year ending 08/2022. 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
CULTIVATING PASSION AND COMMUNITY THROUGH QUALITY DANCE EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
OMAHA ACADEMY OF BALLET (OAB) PROVIDES INSTRUCTION AND TRAINING IN CLASSICAL BALLET, POINTE, CREATIVE MOVEMENT, MODERN, JAZZ, AND TAP FOR AGES THREE THROUGH ADULT TO 300+ STUDENTS EACH YEAR WITH AN ANNUAL PERFORMING OPPORTUNITY AT THE SPRING DANCE CONCERT HELD IN LATE MAY OR EARLY JUNE OF EACH YEAR, WHICH ATTRACTS OVER 1,500 COMMUNITY MEMBERS. WE CREATE A UNIQUE TRAINING ENVIRONMENT BY OFFERING LIVE PIANO ACCOMPANIMENT FOR THE MAJORITY OF OUR CLASSES, KEEPING CLASS SIZES SMALL, AND OFFERING SCHOLARSHIPS FOR DANCERS EXPERIENCING FINANICAL BARRIERS.
OMAHA DANCE PROJECT (ODP) IS OAB'S ANNUAL PROFESSIONAL-STYLE PERFORMANCE OPPORTUNITY OPEN TO DANCERS AND CHOREOGRAPHERS FROM THE COMMUNITY AT-LARGE. THE PRODUCTION FEATURES A SIGNATURE BALLET WITH 2-4 ACCOMPANYING DANCE WORKS THAT ARE COMMISSIONED FROM LOCAL, REGIONAL, OR NATIONAL CHOREOGRAPHERS. ON AVERAGE, OVER 40 DANCERS, AGES 12-40, PERFORM IN ODP AND 700+ COMMUNITY MEMBERS ATTEND AN ODP PERFORMANCE.
OAB PROVIDES FREE BEGINNING BALLET CLASSES TO TITLE 1 ELEMENTARY SCHOOL STUDENTS THROUGH ITS "DANCE AWAY YOUR AFTERNOONS" PROGRAM WHICH IS PART OF OAB'S COMMUNITY ENGAGEMENT PROGRAMMING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessica A Kennedy Executive Di | Officer | 40 | $68,270 |
Nikki Rauth President | OfficerTrustee | 2 | $0 |
Gretchen Mcgill Vice Preside | Trustee | 2 | $0 |
Brittany Dabestani Secretary | OfficerTrustee | 2 | $0 |
Jacki Jacox Treasurer | OfficerTrustee | 4 | $0 |
Lucas Shook Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $138,379 |
| All other contributions, gifts, grants, and similar amounts not included above | $51,299 |
| Noncash contributions included in lines 1a–1f | $2,013 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $189,678 |
| Total Program Service Revenue | $323,304 |
| Investment income | $1,475 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,390 |
| 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 | $1,826 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $521,669 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $24,996 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $67,594 |
| Compensation of current officers, directors, key employees. | $20,278 |
| Compensation to disqualified persons | $25,464 |
| Other salaries and wages | $189,291 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $22,822 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,694 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,698 |
| Advertising and promotion | $3,146 |
| Office expenses | $7,208 |
| Information technology | $10,879 |
| Royalties | $0 |
| Occupancy | $34,104 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,968 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $33,404 |
| Insurance | $15,313 |
| All other expenses | $0 |
| Total functional expenses | $513,139 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $444,471 |
| Savings and temporary cash investments | $0 |
| 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 | $15,140 |
| Net Land, buildings, and equipment | $1,514,461 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,974,072 |
| Accounts payable and accrued expenses | $4,843 |
| Grants payable | $0 |
| Deferred revenue | $57,586 |
| 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 | $125,346 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $187,775 |
| Net assets without donor restrictions | $1,484,225 |
| Net assets with donor restrictions | $302,072 |
| 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 | $1,974,072 |