Omaha Academy Of Ballet
- Assets
- $2.1m
- Revenue
- $593.7k
- Investments
- $0.0
- Employees
- 42
- Location
- Omaha, NE
- Founding
- 11/1970
- Data as of
- 08/2021
- 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 08/2021, Omaha Academy Of Ballet employed 42 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 08/2021, Omaha Academy Of Ballet generated $593.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.9%) each year. All expenses for the organization totaled $451.6k during the year ending 08/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CULTIVATE PASSION AND COMMUNITY THROUGH QUALITY DANCE EDUCATION AND THE ABILITY TO PROGRESS THROUGH THE IMPERIAL SOCIETY OF TEACHERS OF DANCE CURRICULUM AND TESTING PROGRAMS AND PROMOTE THE ART OF DANCE THROUGH PERFORMANCE.
Describe the Organization's Program Activity:
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 FINANCIAL BARRIERS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessica Kennedy Executive Director | Officer | 40 | $62,500 |
Penny Michonski Director Of Operations | Officer | 40 | $45,320 |
Lindsay Odvody President | OfficerTrustee | 5 | $0 |
Nicole Rauth Vice President | OfficerTrustee | 2 | $0 |
Chi Watson Secretary | OfficerTrustee | 1 | $0 |
Lawrence E Ziska Jr Treasurer | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $833 |
| Related organizations | $0 |
| Government grants | $214,806 |
| All other contributions, gifts, grants, and similar amounts not included above | $108,638 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $324,277 |
| Total Program Service Revenue | $257,895 |
| Investment income | $1,452 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,963 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$390 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,321 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $593,748 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $15,670 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $117,302 |
| Compensation of current officers, directors, key employees. | $35,902 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $156,053 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $21,950 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,147 |
| Advertising and promotion | $3,058 |
| Office expenses | $18,699 |
| Information technology | $13,727 |
| Royalties | $0 |
| Occupancy | $32,428 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,646 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $31,299 |
| Insurance | $11,752 |
| All other expenses | $0 |
| Total functional expenses | $451,647 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $406,330 |
| Savings and temporary cash investments | $80,317 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,000 |
| 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 | $18,908 |
| Net Land, buildings, and equipment | $1,548,439 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $970 |
| Total assets | $2,059,964 |
| Accounts payable and accrued expenses | $12,061 |
| Grants payable | $0 |
| Deferred revenue | $110,172 |
| 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 | $159,964 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $282,197 |
| Net assets without donor restrictions | $1,457,522 |
| Net assets with donor restrictions | $320,245 |
| 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 | $2,059,964 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Omaha Academy Of Ballet has recieved totaling $144.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $144 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kansas City Ballet Association Kansas City, MO | $44,028,561 | $12,814,564 |
Colorado Ballet Company Denver, CO | $10,776,318 | $9,808,216 |
Laurie Foundation For The Performing Arts Columbia, MO | $6,459,045 | $968,148 |
Aspen Santa Fe Ballet Aspen, CO | $7,448,531 | $3,007,327 |
Wonderbound Denver, CO | $4,425,325 | $2,413,096 |
Saint Louis Ballet Company Chesterfield, MO | $736,242 | $1,637,573 |
The Boulder Ballet Boulder, CO | $335,966 | $1,043,375 |
Ballet Nebraska Omaha, NE | $2,731,657 | $2,026,349 |
Canyon Concert Ballet Fort Collins, CO | $1,019,646 | $1,158,468 |
Springfield Ballet Inc Springfield, MO | $732,328 | $681,602 |
Ballet Theatre Of Des Moines West Des Moines, IA | $415,618 | $577,818 |
Omaha Academy Of Ballet Omaha, NE | $2,059,964 | $593,748 |