Lone Star Ballet Inc

Organization Overview

Lone Star Ballet Inc is located in Amarillo, TX. The organization was established in 1978. 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, Lone Star Ballet Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lone Star Ballet 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, Lone Star Ballet Inc generated $1.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $1.2m during the year ending 05/2022. As we would expect to see with falling revenues, expenses have declined by (2.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE MISSION OF THE LONE STAR BALLET, INC. IS TO PRODUCE THE ART OF DANCE AND CONTRIBUTE TO THE EDUCATION, CULTURE AND ENTERTAINMENT OF THE PEOPLE OF TEXAS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

DANCE PERFORMANCES AND PRODUCTIONS/SHOWS EACH YEAR THERE ARE FOUR MAJOR PRODUCTIONS PRESENTED AND SEVERAL TOURING DANCE PRODUCTIONS.


DANCE ACADEMY CLASSES HELD DURING YEAR IN ORDER TO TRAIN, NURTURE AND PROMOTE AREA DANCERS AND ARTISTIC PERFORMANCES IN THE PANHANDLE OF TEXAS AND SURROUNDING AREA.


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)Compensation
Craig Henderson
Executive Director
$95,000
Terry Price
President
$0
Brice Sheets
Vice-President
$0
Eddie Boyd
Treasurer
$0
Cindy Brown
Secretary
$0
Lorene Lacer
Past President
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$5,745
Fundraising events$84,125
Related organizations$0
Government grants $6,656
All other contributions, gifts, grants, and similar amounts not included above$252,006
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$348,532
Total Program Service Revenue$734,412
Investment income $39,687
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $3,936
Net Gain/Loss on Asset Sales $59,509
Net Income from Fundraising Events -$51,586
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $86,766
Miscellaneous Revenue$0
Total Revenue $1,229,506

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Lone Star Ballet Inc has recieved totaling $2,500.

Awarding OrganizationAmount
William O & Louise H Mullins Foundation Trust

Amarillo, TX

PURPOSE: UNRESTRICTED OPERATING

$2,500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$1,757,335
Earnings-$34,389
Admin Expense$73,721
Other Expense$35,000
Ending Balance$1,614,225

Create an account to unlock the data you need.

or