Overview
What is Los Angeles Ballet Inc?
Los Angeles Ballet Inc, located in Los Angeles, California, is a distinguished nonprofit organization dedicated to delivering exceptional classical and contemporary ballet performances. During the recent fiscal year, they successfully returned to live, in-person events, implementing rigorous safety measures such as regular dancer testing and requiring audience members to wear masks. Despite several cancellations due to COVID-19 disruptions, the season concluded with robust ticket sales. Their commitment extends beyond performances, as they offer community dance classes, returning to in-person sessions while maintaining online access. Serving individuals aged 6 to 70, the classes are held twice a month at the Ballet Center, reaching 150-200 community members. With a staff of 37, Los Angeles Ballet Inc strives to innovate, create, and inspire, aiming to leave a lasting impact on the world of dance.
Official website here: www.losangelesballet.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85% (Three-Star out of Four Stars)
Los Angeles Ballet Inc has received an 85% rating from Charity Navigator, indicating a solid performance in accountability and finance. The organization demonstrates a strong governance structure with a fully independent board and effective oversight practices. These features contribute positively to its financial health and transparency, as reflected in high scores across various governance categories.
One of the organization's notable strengths is its program expense ratio, which stands at an impressive 73.18%, indicating that a significant portion of its expenditures is directed toward its core mission. Additionally, the fundraising efficiency ratio of $0.16 suggests that the organization is effectively managing its fundraising efforts, raising a considerable amount relative to its costs.
However, there are some areas of concern, particularly the liabilities to assets ratio at 46.19% and a working capital ratio of only 0.26 years. These figures indicate potential financial vulnerability in the face of liabilities and suggest that the organization may need to improve its liquidity and overall financial stability. Despite these limitations, the organization maintains a strong commitment to its mission and operational integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Los Angeles Ballet Inc legitimate?
Los Angeles Ballet Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Los Angeles Ballet Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $162,809
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,124,767
For more financial information, click here
Official website here: www.losangelesballet.org
What is the mission statement of Los Angeles Ballet Inc?
Los Angeles Ballet Inc's mission is to deliver outstanding classical and contemporary ballet performances that exceed expectations, not just in Los Angeles, but nationally and internationally. The organization is deeply committed to innovation, creativity, and excellence in performance. Furthermore, Los Angeles Ballet Inc strives to impact lives through accessible dance education programs. During this fiscal year, they successfully returned to live in-person performances, navigating challenges posed by the COVID-19 pandemic with safety measures such as regular dancer testing and requiring audience members to wear masks. Their "Free a Chance to Dance" community dance classes returned to in-person sessions, in addition to continuing online access, serving a diverse group of participants from ages 6 to 70.
Official website here: www.losangelesballet.org
Who is the CEO of Los Angeles Ballet Inc?
Brandon Lussier is the Staff / Board Member of Los Angeles Ballet Inc.
Official website here: www.losangelesballet.org
What is the revenue of Los Angeles Ballet Inc?
Los Angeles Ballet Inc's revenue in 2022 was $4,509,467.
Official website here: www.losangelesballet.org
Who are the executives of Los Angeles Ballet Inc and what are their salaries?
The average compensation at Los Angeles Ballet Inc during 2022 was $34,799. There are 37 employees and 16 volunteers at Los Angeles Ballet Inc.
Here are 19 key members and their salaries:
- Compensation: $49,400
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- Other: $13,791
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- Compensation: $60,654
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- Compensation: $81,650
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Official website here: www.losangelesballet.org
Where can I find the form 990 for Los Angeles Ballet Inc?
Los Angeles Ballet Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.losangelesballet.org
Learn more at the official website: www.losangelesballet.org
Mission Statement of Los Angeles Ballet Inc
Los Angeles Ballet Inc is committed to setting a high standard for dance performance, both in classical and modern ballets. Their mission extends beyond Los Angeles, aiming to influence the dance scene nationally and internationally. The organization passionately pursues innovation, creativity, and performance, striving to make a significant impact in the world of dance. Additionally, Los Angeles Ballet Inc is dedicated to changing lives through accessible dance education programs.
During the organization's mission, they prioritize the performance of outstanding ballets, pushing the boundaries of creativity and artistry. Their goal is to influence and inspire both local and global audiences, leaving a lasting impact on the world of dance. Moreover, Los Angeles Ballet Inc is deeply involved in education, providing accessible dance programs for communities. These programs cater to various age groups, from children to adults, offering in-person and online classes to serve a wide range of individuals. The organization's commitment to education reflects their desire to make dance accessible and enjoyable for everyone, fostering a love for the art form and encouraging the next generation of dancers.
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Impact
August, 2024
Los Angeles Ballet Inc's impact is significant in the realm of dance, particularly within the city of Los Angeles and beyond. The organization is dedicated to performing outstanding classical and modern ballets that not only set the standard for dance in Los Angeles but also resonate nationally and internationally. By passionately pursuing innovation and creativity in performance, Los Angeles Ballet Inc plays a crucial role in shaping the cultural landscape of the dance world.
Furthermore, the organization is committed to changing lives through accessible dance education programs. One of its initiatives, "Free a Chance to Dance," provides community dance classes that serve a diverse group of individuals ranging from ages 6 to 70. By offering both in-person and online access to these classes, Los Angeles Ballet Inc is able to make the transformative power of dance available to a wider audience, enriching lives and fostering a greater appreciation for the art form.
In navigating the challenges posed by the COVID-19 pandemic, Los Angeles Ballet Inc demonstrated resilience and adaptability. Despite facing disruptions and cancellations, the organization successfully returned to live, in-person performances by implementing stringent safety measures such as regular testing for dancers and mandatory mask-wearing for audience members. The season ended with strong ticket sales, underscoring the enduring impact and appeal of Los Angeles Ballet Inc's artistic endeavors.
This information is meant to be a general summary of Los Angeles Ballet Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $1,299,048
- Gross Receipts: $4,901,479
Assets and Liabilities:
- Total Assets: $1,239,269
- Total Liabilities: $572,451
- Net Assets: $666,818
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PERFORMANCE REVENUE
Revenue
$1,299,048
Organization Details
Founding Year
2004
Phone
(310) 488-8890Principal Officer
Brandon Lussier
Main Address
11755 EXPOSITION BLVD, LOS ANGELES, CA, 90064
Website
www.losangelesballet.orgNTEE Category
Code: A63 - Arts
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