Barak Ballet
- Assets
- $358.4k
- Revenue
- $307.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Santa Monica, CA
- Founding
- 12/2018
- Data as of
- 12/2021
- EIN
- 82-2490098
Organization Overview
Barak Ballet is located in Santa Monica, CA. The organization was established in 2018. 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. Barak Ballet is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE ART OF BALLET AND PUBLIC APPRECIATION AND UNDERSTANDING OF BALLET
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE THE ART OF BALLET AND PUBLIC APPRECIATION AND UNDERSTANDING OF BALLET
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Craig Olsen Chairman | Trustee | $0 | |
Melissa Barak Artistic Direct | Trustee | $0 | |
Rachel Weber Vice President | Trustee | $0 | |
Victoria Yust Secretary | Trustee | $0 | |
Aradhna Taneja Member | Trustee | $0 | |
Peter Gross Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $62,565 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $16,700 |
| All other contributions, gifts, grants, and similar amounts not included above | $226,800 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $306,065 |
| Total Program Service Revenue | $1,698 |
| Investment income | $0 |
| 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 | $307,763 |
| 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 | $17,625 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $482 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $124 |
| Fees for services: Accounting | $3,033 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,727 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $8 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $16,201 |
| Total functional expenses | $47,212 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $357,473 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $890 |
| Total assets | $358,363 |
| Accounts payable and accrued expenses | $0 |
| 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 | $535 |
| Total liabilities | $535 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $357,829 |
| Total liabilities and net assets/fund balances | $358,363 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Barak Ballet has recieved totaling $59,515.
| Awarding Organization | Amount |
|---|---|
Edward F@limato Foundation Los Angeles, CA PURPOSE: PROGRAM SUPPORT | $50,000 |
David And Janet Polak Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
Kelsey Family Foundation Los Angeles, CA PURPOSE: GENERAL FUND | $2,500 |
Robert Mindy And Merissa Mann Foundation Beverly Hills, CA PURPOSE: GENERAL/UNRESTRICTED CHARITABLE CONTRIBUTION | $1,015 |
Sills Foundation Inc Bloomfield Twp, MI PURPOSE: GENERAL CHARITABLE PURPOSES | $1,000 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oregon Ballet Theatre Portland, OR | $8,514,467 | $9,410,499 |
Ballet Arizona Phoenix, AZ | $11,465,321 | $6,255,701 |
The Wooden Floor For Youth Movement Santa Ana, CA | $14,794,829 | $2,954,503 |
Smuin Ballets-Sf San Francisco, CA | $10,091,492 | $3,860,023 |
Dance Downtown La Inc Los Angeles, CA | $2,086,365 | $3,424,604 |
Eugene Ballet Eugene, OR | $4,036,956 | $2,163,393 |
Long Beach Ballet Arts Center Long Beach, CA | $362,666 | $1,208,690 |
Berkeley Ballet Theatre Inc Berkeley, CA | $687,595 | $961,031 |
Diablo Ballet Walnut Creek, CA | $266,639 | $1,136,427 |
City Ballet Inc San Diego, CA | $417,360 | $1,107,736 |
Sacramento Ballet Association Sacramento, CA | $1,802,888 | $1,450,933 |
Palo Alto Ballet Incorporated Mountain View, CA | $710,420 | $1,161,787 |