Nevada Ballet Theatre
- Assets
- $13.1m
- Revenue
- $7.8m
- Investments
- $0.0
- Employees
- 110
- Location
- Las Vegas, NV
- Founding
- 09/1977
- Data as of
- 06/2023
- EIN
- 94-2427112
Organization Overview
Nevada Ballet Theatre is located in Las Vegas, NV. The organization was established in 1977. According to its NTEE Classification (A62) the organization is classified as: Dance, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2023, Nevada Ballet Theatre employed 110 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nevada Ballet Theatre 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 06/2023, Nevada Ballet Theatre generated $7.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $6.5m during the year ending 06/2023. While expenses have increased by 4.3% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
NEVADA BALLET THEATRE PROMOTES AND DEVELOPS INTEREST IN DANCE AND RELATED ARTS IN THE LAS VEGAS VALLEY BY ORGANIZING, PROMOTING AND PROVIDING PROFESSIONAL DANCE PRODUCTIONS, PROVIDING RECREATIONAL AND PRE-PROFESSIONAL DANCE INSTRUCTION AND PROVIDING A VARIETY OF COMMUNITY EDUCATION AND OUTREACH PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEVADA BALLET THEATRE ORGANIZES, PROMOTES AND PRESENTS ABOUT 28 PERFORMANCES OVER 4 PROGRAMS WHICH INCLUDE MIXED REPERTORY BALLETS AS WELL AS FULL-LENGTH WORKS INCLUDING THE HOLIDAY CLASSIC, THE NUTCRACKER. WITH THE MAJORITY OF PROGRAMS TAKING PLACE AT THE WORLD-CLASS SMITH CENTER FOR THE PERFORMING ARTS, NEVADA BALLET THEATRE REACHES THOUSANDS OF COMMUNITY MEMBERS ANNUALLY. IN ADDITION, NEVADA BALLET THEATRE'S PROFESSIONAL FACILITY SERVES AS A REHEARSAL SPACE.
THE ACADEMY OF NEVADA BALLET THEATRE IS CONSIDERED THE FINEST SCHOOL FOR BALLET AND DANCE INSTRUCTION IN THE LAS VEGAS VALLEY AND IS THE ONLY BALLET SCHOOL AFFILIATED WITH A PROFESSIONAL BALLET COMPANY. REACHING MORE THAN 300 STUDENTS, THE ACADEMY OF NEVADA BALLET THEATRE PROVIDES BOTH PRE- PROFESSIONAL AND RECREATIONAL DANCE INSTRUCTION AND SHOWCASES ITS WORK THROUGH VARIOUS STUDENT RECITAL PROGRAMS.
NEVADA BALLET THEATRE'S COMMUNITY EDUCATION PROGRAM PROVIDES NOT ONLY DANCE EDUCATION PROGRAMS TO THE GENERAL PUBLIC, BUT FOCUSES ON PROVIDING DANCE INSTRUCTION FOR AT-RISK CHILDREN AT A VARIETY OF SCHOOLS AND OTHER LOCATIONS IN THE LAS VEGAS VALLEY. REACHING MORE THAN 20,000 STUDENTS ANNUALLY THROUGH A VARIETY OF INITIATIVES, THE DANCE INSTRUCTION PORTION OF THE PROGRAM CULMINATES IN ANNUAL RECITALS FEATURING MORE THAN 1,000 STUDENT PARTICIPANTS.
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) | Role | Hours | Compensation |
|---|---|---|---|
Jerry Nadal Chair | OfficerTrustee | 2 | $0 |
Kari Halkyard Vice Chair | OfficerTrustee | 2 | $0 |
Lauri Thompson Secretary | OfficerTrustee | 2 | $0 |
Craig Cavileer Treasurer | OfficerTrustee | 2 | $0 |
John Brewer Legal Counse | OfficerTrustee | 2 | $0 |
Amanda Moore-Saunders Member At La | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $578,706 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,071,063 |
| Noncash contributions included in lines 1a–1f | $61,098 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,649,769 |
| Total Program Service Revenue | $4,099,901 |
| Investment income | $28,178 |
| 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 | $47,124 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,836,580 |
| 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. | $381,969 |
| Compensation of current officers, directors, key employees. | $138,740 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,904,659 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $150,989 |
| Payroll taxes | $208,934 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,598 |
| Fees for services: Accounting | $30,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $28,000 |
| Fees for services: Investment Management | $5,835 |
| Fees for services: Other | $71,625 |
| Advertising and promotion | $485,821 |
| Office expenses | $138,085 |
| Information technology | $39,912 |
| Royalties | $0 |
| Occupancy | $279,878 |
| Travel | $129,393 |
| 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 | $286,138 |
| Insurance | $65,750 |
| All other expenses | $0 |
| Total functional expenses | $6,460,427 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,624,950 |
| Savings and temporary cash investments | $3,138,985 |
| Pledges and grants receivable | $989,668 |
| 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 | $19,961 |
| Prepaid expenses and deferred charges | $88,565 |
| Net Land, buildings, and equipment | $2,738,976 |
| Investments—publicly traded securities | $2,195,579 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $114,840 |
| Other assets | $184,793 |
| Total assets | $13,096,317 |
| Accounts payable and accrued expenses | $102,438 |
| Grants payable | $0 |
| Deferred revenue | $190,184 |
| 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 | $188,495 |
| Total liabilities | $481,117 |
| Net assets without donor restrictions | $7,019,665 |
| Net assets with donor restrictions | $5,595,535 |
| 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 | $13,096,317 |