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International Ballet Theatre

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 260021534 ✦ Bellevue, WA ✦ Designated as a 501(c)(3)

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Overview

What is International Ballet Theatre?

The International Ballet Theatre, situated in Bellevue, Washington, is a distinguished nonprofit organization. Its primary mission is to cultivate and showcase the talents of young artists in classical ballet and dance. The organization achieves this by providing intensive training, enabling these aspiring dancers to hone their skills. Furthermore, the International Ballet Theatre serves as a platform for presenting classical arts to a broader audience. This was evident in their recent production of "Alice in Wonderland," which attracted 1,300 ticket sales, 43 complimentary tickets, and an overall attendance of 1,324. The production was made possible with the assistance of 71 volunteers and a guest artist. The International Ballet Theatre's dedication to nurturing young talent and sharing the beauty of classical ballet with the public continues to enrich the local arts community in Bellevue, Washington.


Official website here: www.ibtbellevue.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 57%, One-Star out of Four Star Rating.

International Ballet Theatre has received a low score on Charity Navigator primarily due to its performance in accountability and finance, resulting in a One-Star rating. The rating indicates concerns regarding the organization's financial health, as evidenced by a high liabilities to assets ratio of 544.36% and a low program expense ratio of 43.93%.

Despite these weaknesses, the organization demonstrates strong governance practices with 100% independent board members and comprehensive policies in place, including those for conflict of interest and whistleblower protections. These strengths suggest a commitment to transparency and ethical management. However, the financial metrics raise significant questions about the organization's operational efficiency and sustainability.


This AI summary has been generated from information found on Charity Navigator.

What do the Facebook reviews say about International Ballet Theatre?

92% of 26 reviewers on Facebook recommend the International Ballet Theatre. Here is a summary of their reviews:

Many reviewers express high praise for the quality of instruction and the dedication of the staff. Parents highlight the positive impact the program has had on their children's development, noting the skilled educators and the nurturing environment. The long-term commitment of students, such as one reviewer mentioning their granddaughter beginning her eighth year, suggests a high level of satisfaction with the experience offered.

Overall, the sentiment towards International Ballet Theatre is overwhelmingly positive, with patrons feeling their expectations have been met and often exceeded. The organization appears to create a beneficial and enriching atmosphere for young dancers.


This AI summary has been generated from reviews found on Facebook.

Is International Ballet Theatre legitimate?

International Ballet Theatre is a legitimate nonprofit organization registered as a 501(c)(3) entity. International Ballet Theatre 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.ibtbellevue.org

What is the mission statement of International Ballet Theatre?

The International Ballet Theatre's mission is centered around nurturing young artists in classical ballet and dance, providing them with a platform to showcase their talents. Additionally, the organization aims to promote the appreciation of classical ballet art forms among the general public. This is achieved through the presentation of ballet productions, as demonstrated by their recent production of "Alice in Wonderland." The production featured 79 young artists, supported by volunteers and a guest artist, who showcased their talents to an audience of over 1300, with 43 complimentary tickets distributed.


Official website here: www.ibtbellevue.org

Who is the CEO of International Ballet Theatre?

Vera Altunina is the Exec Chairman/Producer of International Ballet Theatre.


Official website here: www.ibtbellevue.org

What is the revenue of International Ballet Theatre?

International Ballet Theatre's revenue in 2022 was $787,771.


Official website here: www.ibtbellevue.org

Who are the executives of International Ballet Theatre and what are their salaries?


Here are 7 key members and their salaries:


Vera Altunina (Exec Chairman/Producer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anatoli Kucher (Chairman/Artistic Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anya Elkun (Advisory Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bambo Sofola (Advisory Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jared Nieuwenhuis (Advisory Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joe Ollis (Advisory Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Russ Plenkin (Advisory Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.ibtbellevue.org

Where can I find the form 990 for International Ballet Theatre?

International Ballet Theatre's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.ibtbellevue.org

Learn more at the official website: www.ibtbellevue.org

Mission Statement of International Ballet Theatre

The International Ballet Theatre is dedicated to nurturing young artists and showcasing their talents in classical ballet and dance. This nonprofit organization's primary mission is twofold: firstly, it aims to train these budding artists to hone their skills and present their talents in the realm of classical ballet. Secondly, it strives to promote the appreciation and exposure of classical ballet to a wider audience. Through its training programs and public performances, the International Ballet Theatre seeks to foster the growth of talented dancers and share the beauty of classical ballet with the general public.

In practice, the International Ballet Theatre achieves its mission by providing a platform for young artists to showcase their talents. This was evident in their March 2022 production of "Alice in Wonderland," where 79 young artists, supported by 71 volunteers and one guest artist, delivered four captivating performances. The production, held at the Meydenbauer Theatre in Bellevue, Washington, sold 1300 tickets, with an additional 43 complimentary tickets distributed. In total, 1324 individuals had the opportunity to enjoy this display of the young artists' training and talent. By offering such opportunities, the International Ballet Theatre is not only promoting classical ballet but also providing a valuable experience for its young artists.

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Impact




October, 2024

International Ballet Theatre plays a significant role in fostering a love for classical ballet and dance, particularly among young artists. By providing a platform for youth to train and showcase their talents, the organization cultivates not only technical skills but also confidence and creativity in aspiring dancers.

The recent production of "Alice in Wonderland," held at the Meydenbauer Theatre, is a prime example of their impact. With 79 young performers, supported by 71 dedicated volunteers and a guest artist, the event showcased the hard work and dedication of these individuals. It drew over 1,300 attendees, demonstrating a strong community interest in the arts and highlighting the importance of public performances in promoting cultural engagement.

By presenting such productions, International Ballet Theatre enriches the local arts scene in Bellevue, WA, while also enhancing the appreciation of classical arts among the general public. The combination of talent and community interaction at their events fosters a vibrant cultural landscape and inspires future generations in the world of dance.




This information is meant to be a general summary of International Ballet Theatre. 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.

Revenue
$787,771 (2022)
Expenses
$771,191 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $548,960
  • Gross Receipts: $806,686

Assets and Liabilities:

  • Total Assets: $139,928
  • Total Liabilities: $5,567
  • Net Assets: $134,361

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

TICKET SALES

Revenue

$397,040

PERFORMANCE FEES

Revenue

$151,920

Organization Details

Founding Year

2001

Principal Officer

Vera Altunina

Main Address

11211 MAIN STREET, BELLEVUE, WA, 98004

NTEE Category

Code: A60 - Arts

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