Lexington Ballet Company Inc

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

EIN: 510161971 ✦ Lexington, KY ✦ Designated as a 501(c)(3)

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Overview

What is Lexington Ballet Company Inc?

Lexington Ballet Company Inc, located at 161 North Mill Street, Lexington, Kentucky 40507, is a nonprofit organization dedicated to fostering an appreciation for ballet as an art form. They achieve this goal through a combination of local and touring public performances, as well as instructional courses in classical ballet techniques. The company caters to individuals aged 3 and above, with several hundred students enrolled in their classes. By offering both performance opportunities and educational courses, Lexington Ballet Company Inc aims to share their passion for ballet with their community.


Official website here: www.lexingtonballet.org

Is Lexington Ballet Company Inc legitimate?

Lexington Ballet Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lexington Ballet Company 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $143,442

For more financial information, click here


Official website here: www.lexingtonballet.org

What is the mission statement of Lexington Ballet Company Inc?

The Lexington Ballet Company Inc, as a mission, seeks to cultivate an appreciation for ballet as an art form within various communities. They achieve this goal through both regional performances and instructional classes for individuals aged 3 and above. The company's public performances serve to promote and educate audiences about ballet and the company itself. Additionally, the organization offers instructional courses in the classical ballet method, catering to several hundred students.


Official website here: www.lexingtonballet.org

Who is the CEO of Lexington Ballet Company Inc?

David Iorio is the Artistic Director of Lexington Ballet Company Inc.


Official website here: www.lexingtonballet.org

What is the revenue of Lexington Ballet Company Inc?

Lexington Ballet Company Inc's revenue in 2022 was $397,706.


Official website here: www.lexingtonballet.org

Who are the executives of Lexington Ballet Company Inc and what are their salaries?

The average compensation at Lexington Ballet Company Inc during 2022 was $17,930. There are 8 employees and 20 volunteers at Lexington Ballet Company Inc.


Here are 5 key members and their salaries:


Luis Dominguez (Artistic Director)
  • Compensation: $47,410
  • Related: $0
  • Other: $0
Nancy Dominguez (School Director)
  • Compensation: $39,014
  • Related: $0
  • Other: $0
Chris Meng (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rene Leaver (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Iorio (Grants Sub-Committee Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.lexingtonballet.org

Where can I find the form 990 for Lexington Ballet Company Inc?

Lexington Ballet Company Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.lexingtonballet.org

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

Mission Statement of Lexington Ballet Company Inc

Lexington Ballet Company Inc is dedicated to fostering a deep appreciation for ballet as an art form. They achieve this goal through a two-pronged approach: regional performances and instructional classes for individuals aged 3 and above. By presenting public performances, the organization promotes and informs communities about ballet and the company itself. Additionally, they offer instructional courses in the classical ballet method, catering to several hundred students. Through these initiatives, Lexington Ballet Company Inc aims to instill a love for ballet in all who engage with their programs.

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Impact




October, 2024

Lexington Ballet Company Inc significantly enriches the cultural landscape of Lexington, KY, by fostering an appreciation for ballet as an art form. Through engaging public performances, both locally and on tour, the company introduces communities to the beauty and intricacies of ballet, creating an inclusive environment where both seasoned aficionados and newcomers can experience the artistic expression of dance.

In addition to performances, the company provides instructional classes in classical ballet methods for students aged 3 and above, serving several hundred aspiring dancers. This educational approach not only cultivates talent but also instills discipline, creativity, and a lifelong appreciation for the arts in participants. By intertwining performance and education, Lexington Ballet Company Inc promotes community engagement and enriches the artistic development of individuals in the region, ultimately enhancing the cultural vibrancy of the community.




This information is meant to be a general summary of Lexington Ballet Company 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.

Revenue
$397,706 (2022)
Expenses
$321,292 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $907
  • Program Service Revenue: $286,381
  • Gross Receipts: $397,706

Assets and Liabilities:

  • Total Assets: $159,431
  • Total Liabilities: $8,870
  • Net Assets: $150,561

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Programs

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

TUITION

Revenue

$163,296

TICKET SALES

Revenue

$121,375

MISCELLANEOUS INCOME

Revenue

$1,710

Organization Details

Founding Year

1974

Principal Officer

David Iorio

Main Address

161 NORTH MILL STREET, LEXINGTON, KY, 40507

NTEE Category

Code: A63 - Arts

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