Latin Ballet Of Virginia Inc
- Assets
- $230.3k
- Revenue
- $156.6k
- Investments
- $0.0
- Employees
- 16
- Location
- Glen Allen, VA
- Founding
- 11/2000
- Data as of
- 05/2022
- EIN
- 54-1972196
Organization Overview
Latin Ballet Of Virginia Inc is located in Glen Allen, VA. The organization was established in 2000. 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 05/2022, Latin Ballet Of Virginia Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Latin Ballet Of Virginia 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 05/2022, Latin Ballet Of Virginia Inc generated $156.6k 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 (6.3%) each year. All expenses for the organization totaled $139.5k during the year ending 05/2022. As we would expect to see with falling revenues, expenses have declined by (6.0%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PRESERVE AND PROMOTE THE LATIN AMERICAN AND SPANISH CULTURES BY PERFORMING FOR DIVERSE AUDIENCES FOR CHARITABLE AND EDUCATIONAL PURPOSES. THE COMPANY PROVIDES PROFESSIONAL TRAINING TO ITS DANCERS AND STUDENTS AND ENHANCES THE COMMUNITY BY OFFERING HIGH QUALITY MULTICULTURAL AND EDUCATIONAL PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TUTORING PRODUCTIONS, LECTURE DEMONSTRATIONS, WORKSHOPS AND CLASSES TO PROMOTE MULTICULTURAL AWARENESS AND EDUCATION.
TUTORING PRODUCTIONS, LECTURE DEMONSTRATIONS, WORKSHOPS AND CLASSES TO PROMOTE MULTICULTURAL AWARENESS AND EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
J Latane Ware Jr Secretary | Officer | $0 | |
Carlos Carrillo Treasurer | Officer | $0 | |
Raphael Seligmann Vice-Preside | Officer | $0 | |
Vidal Torres President | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $13,166 |
| All other contributions, gifts, grants, and similar amounts not included above | $70,117 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $83,283 |
| Total Program Service Revenue | $72,013 |
| Investment income | $1,294 |
| 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 | $156,590 |
| 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 | $65,460 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,152 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,187 |
| Advertising and promotion | $1,166 |
| Office expenses | $459 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,930 |
| Travel | $18,753 |
| 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 | $2,831 |
| Insurance | $1,496 |
| All other expenses | $9,569 |
| Total functional expenses | $139,519 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $139,452 |
| Savings and temporary cash investments | $77,555 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $805 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $858 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $11,617 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $230,287 |
| Accounts payable and accrued expenses | $2,301 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $115,065 |
| Total liabilities | $117,366 |
| Net assets without donor restrictions | $112,921 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $230,287 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Latin Ballet Of Virginia Inc has recieved totaling $39,168.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $29,063 |
Dominion Energy Charitable Foundation Richmond, VA PURPOSE: LEGEND OF THE POINSETTIA, 20TH ANNIVERSARY | $10,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $100 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Washington Ballet Washington, DC | $7,153,807 | $8,999,163 |
Carolina Ballet Inc Raleigh, NC | $2,591,733 | $5,042,638 |
Nashville Ballet Nashville, TN | $11,017,137 | $5,073,621 |
Richmond Ballet Inc Richmond, VA | $9,343,909 | $5,961,250 |
Ballet Memphis Corporation Memphis, TN | $34,630,248 | $4,251,856 |
Maryland Youth Ballet Inc Silver Spring, MD | $1,538,079 | $2,049,323 |
Dancemakers Inc Lanham, MD | $310,676 | $1,678,634 |
Charlottesville Ballet Charlottesville, VA | $1,147,365 | $1,342,432 |
The Ballet Theatre Of Maryland Incorporated Annapolis, MD | $381,831 | $1,071,898 |
Virginia Ballet Company And School Fairfax, VA | $330,622 | $658,444 |
Winston-Salem Festival Ballet Inc Winston Salem, NC | $0 | $392,620 |
Akhmedova Ballet Foundation Inc Silver Spring, MD | $1,047,215 | $429,485 |