Lexington Ballet Company Inc
- Assets
- $159.4k
- Revenue
- $397.7k
- Investments
- $0.0
- Employees
- 8
- Location
- Lexington, KY
- Founding
- 08/1975
- Data as of
- 06/2022
- EIN
- 51-0161971
Organization Overview
Lexington Ballet Company Inc is located in Lexington, KY. The organization was established in 1975. 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 06/2022, Lexington Ballet Company Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lexington Ballet Company Inc 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 06/2022, Lexington Ballet Company Inc generated $397.7k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $321.3k during the year ending 06/2022. 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
TO FOSTER AN APPRECIATION FOR BALLET AS AN ART FORM THROUGH BOTH REGIONAL PERFORMANCES AND INSTRUCTIONAL CLASSES FOR AGES 3 AND ABOVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLIC PERFORMANCES (LOCAL & TOURING) WHICH PROMOTE AND INFORM COMMUNITIES ABOUT BALLET, THE COMPANY, AND THE SCHOOL. INSTRUCTIONAL COURSES IN CLASSICAL BALLET METHOD, SEVERAL HUNDRED STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Luis Dominguez Artistic Director | OfficerTrustee | 40 | $47,410 |
Nancy Dominguez School Director | OfficerTrustee | 40 | $39,014 |
Chris Meng Treasurer | OfficerTrustee | 1 | $0 |
Rene Leaver Chair | OfficerTrustee | 3 | $0 |
David Iorio Grants Sub-Committee Chair | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $64,932 |
| All other contributions, gifts, grants, and similar amounts not included above | $45,486 |
| Noncash contributions included in lines 1a–1f | $1,520 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $110,418 |
| Total Program Service Revenue | $286,381 |
| Investment income | $907 |
| 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 | $397,706 |
| 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 | $143,442 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $23,052 |
| Payroll taxes | $11,313 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $481 |
| Office expenses | $4,064 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $40,185 |
| Travel | $2,567 |
| 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 | $2,175 |
| Insurance | $7,333 |
| All other expenses | $6,486 |
| Total functional expenses | $321,292 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $110,195 |
| Savings and temporary cash investments | $43,804 |
| 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 | $1,628 |
| Net Land, buildings, and equipment | $3,804 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $159,431 |
| Accounts payable and accrued expenses | $6,430 |
| Grants payable | $0 |
| Deferred revenue | $2,440 |
| 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 | $8,870 |
| Net assets without donor restrictions | $143,412 |
| Net assets with donor restrictions | $7,149 |
| 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 | $159,431 |