Lincoln Midwest Ballet Company
- Assets
- $451.7k
- Revenue
- $165.0k
- Investments
- $0.0
- Employees
- 1
- Location
- Lincoln, NE
- Founding
- 12/1994
- Data as of
- 05/2021
- EIN
- 47-0729473
Organization Overview
Lincoln Midwest Ballet Company is located in Lincoln, NE. The organization was established in 1994. 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. Lincoln Midwest Ballet Company 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 05/2021, Lincoln Midwest Ballet Company generated $165.0k 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 (8.3%) each year. All expenses for the organization totaled $169.6k during the year ending 05/2021. As we would expect to see with falling revenues, expenses have declined by (8.9%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE LOW COST BALLET PERFORMANCES AND BALLET CAMPS TO INTERESTED PERSONS IN THE COMMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES LOW COST BALLET FOR THE ENJOYMENT OF ALL MEMBERS OF THE COMMUNITY AND FOR THE COMMUNITY TO GAIN A BETTER UNDERSTANDING AND APPRECIATION FOR THE FINE ARTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenton Sullivan MD President | OfficerTrustee | 0 | $0 |
Renee Yost Treasurer | OfficerTrustee | 0 | $0 |
Marcia Kirk Vice President | OfficerTrustee | 0 | $0 |
Vicki Schulenberg Vice President | OfficerTrustee | 0 | $0 |
Lana Peterson-Pressler Secretary | OfficerTrustee | 0 | $0 |
Sammy Luci Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $47,971 |
| Investment income | $11,188 |
| 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 | $1,812 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $165,045 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $13,455 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,029 |
| Fees for services: Management | $21,301 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,238 |
| Fees for services: Other | $51,048 |
| Advertising and promotion | $4,714 |
| Office expenses | $14,683 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $41,931 |
| Travel | $7,018 |
| 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 | $6,401 |
| Insurance | $3,421 |
| All other expenses | $0 |
| Total functional expenses | $169,611 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $431,936 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,091 |
| 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 | $5,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $451,698 |
| Accounts payable and accrued expenses | $265 |
| Grants payable | $0 |
| Deferred revenue | $23,000 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $23,265 |
| 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 |
| Total liabilities and net assets/fund balances | $428,433 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lincoln Midwest Ballet Company has recieved totaling $13.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $13 |
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 |