Overview
What is Lafayette Ballet Theatre?
Lafayette Ballet Theatre is a nonprofit organization situated in Lafayette, Louisiana, specifically at 201 Petroleum Drive. Its primary mission is to foster artistic dance education and cultural programs within the community. The theater encourages and stimulates the growth of performing arts by presenting full-length performances to the public. Notably, Lafayette Ballet Theatre covers all production costs, enabling its students to participate and share their artistic endeavors with the public. Through this commitment, the organization plays a significant role in promoting and nurturing the arts in its community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1-Star out of Four Stars (50%)
Lafayette Ballet Theatre has received a low rating of 50%, equivalent to one star, indicating significant concerns regarding its accountability and financial practices. Key issues include a complete lack of independent board members and missing critical policies such as conflict of interest and whistleblower policies, which are essential for organizational transparency and governance.
Despite these shortcomings, the organization does demonstrate strengths in its program expense ratio, with 69.79% of its expenditures allocated to programs, suggesting a commitment to its mission. Additionally, the liabilities to assets ratio is favorable at 41.44%, indicating a manageable level of debt relative to its assets.
However, the absence of a website listed on the tax form and the lack of documentation related to board meeting minutes and other governance policies raise serious questions about its operational transparency. The organization will need to address these issues to improve its standing and ensure trust with its stakeholders and the community.
This AI summary has been generated from information found on Charity Navigator.
Is Lafayette Ballet Theatre legitimate?
Lafayette Ballet Theatre is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lafayette 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: $68,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Lafayette Ballet Theatre?
The Lafayette Ballet Theatre's mission is centered around providing artistic dance education and cultural programs within the community. By encouragement and stimulation, they promote the growth of the performing arts. This is achieved through the presentation of full-length performances to the public, serving as a platform for students of the theatre to showcase their talents and engage the community in the arts. The theatre bears the financial responsibilities of producing these performances, thereby enabling all its students to perform and contribute to the promotion of arts culture.
Who is the CEO of Lafayette Ballet Theatre?
Julie Verzwyvelt is the President of Lafayette Ballet Theatre.
What is the revenue of Lafayette Ballet Theatre?
Lafayette Ballet Theatre's revenue in 2022 was $473,238.
Who are the executives of Lafayette Ballet Theatre and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $34,000
- Related: $0
- Other: $0
- Compensation: $34,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Lafayette Ballet Theatre?
Lafayette Ballet Theatre's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lafayette Ballet Theatre
Lafayette Ballet Theatre, a nonprofit organization, is committed to providing artistic dance education and cultural programs within the community. The mission of this esteemed institution is to foster and stimulate the development of the performing arts. They achieve this by presenting full-length performances to the public, offering a platform for the students of Lafayette Ballet Theatre to showcase their talents and promote the art form to the wider community. The theatre covers all production costs, enabling every student to participate and contribute to the enrichment of the community's artistic landscape.
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Impact
July, 2024
Lafayette Ballet Theatre enriches the community through its commitment to providing artistic dance education and cultural programs. By offering full-length performances to the public, Lafayette Ballet Theatre not only showcases the talent of its students but also promotes the arts to a wider audience. The organization's dedication to covering all production costs ensures that every student has the opportunity to perform, fostering a supportive and inclusive environment for aspiring dancers. Through its activities, Lafayette Ballet Theatre contributes to the development of the performing arts in the community and inspires a love for dance among its participants and audiences.
This information is meant to be a general summary of Lafayette 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $93
- Program Service Revenue: $316,056
- Gross Receipts: $473,238
Assets and Liabilities:
- Total Assets: $1,622,551
- Total Liabilities: $672,505
- Net Assets: $950,046
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BALLETS
Revenue
$316,056
Organization Details
Phone
(337) 269-1636Principal Officer
Julie Verzwyvelt
Main Address
201 PETROLEUM DRIVE, LAFAYETTE, LA, 70508
NTEE Category
Code: A63 - Arts
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