Overview
What is Lone Star Ballet Inc?
Lone Star Ballet Inc, established in Amarillo, Texas, serves as a nonprofit organization dedicated to promoting dance as an art form and enriching the cultural and entertainment landscape of Texas. The organization, with a team of 10 individuals, presents four major dance productions annually, in addition to touring dance productions. Their mission is to produce dance performances and contribute to the education and enjoyment of the Texas populace, thereby cultivating a vibrant and diverse cultural scene.
Official website here: www.lonestarballet.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77%, Three-Star out of Four Star rating.
Lone Star Ballet Inc has achieved a Three-Star rating, indicating a solid performance primarily in the area of Accountability & Finance. The organization scored 77% overall, reflecting strong governance practices, with a fully independent board and no material diversion of assets reported. The organization meets high standards in many areas, such as conflict of interest and document retention policies, which are essential for maintaining transparency and trust.
Strengths identified include the organization's commitment to accountability, as evidenced by its high scores in board independence and financial ratios. The Liabilities to Assets ratio stands at a healthy 15.32%, and nearly three-quarters of its expenses are dedicated to program services, showcasing a focus on mission-driven outcomes.
However, there is a noted limitation regarding the absence of a whistleblower policy, which could enhance its governance framework. Addressing this aspect could further improve the organization’s standing and overall accountability practices.
This AI summary has been generated from information found on Charity Navigator.
Is Lone Star Ballet Inc legitimate?
Lone Star Ballet Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lone Star 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: $99,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $198,950
For more financial information, click here
Official website here: www.lonestarballet.org
What is the mission statement of Lone Star Ballet Inc?
The Lone Star Ballet Inc, through its mission, aims to cultivate the art of dance and enrich the educational, cultural, and entertainment experiences of the people in Texas. This esteemed organization produces various dance performances and productions annually, presenting four major productions and several touring dance shows. By doing so, Lone Star Ballet Inc contributes significantly to the artistic landscape of the community.
Official website here: www.lonestarballet.org
Who is the CEO of Lone Star Ballet Inc?
Craig Henderson is the Executive Director of Lone Star Ballet Inc.
Official website here: www.lonestarballet.org
What is the revenue of Lone Star Ballet Inc?
Lone Star Ballet Inc's revenue in 2022 was $1,229,506.
Official website here: www.lonestarballet.org
Who are the executives of Lone Star Ballet Inc and what are their salaries?
The average compensation at Lone Star Ballet Inc during 2022 was $29,845. There are 10 employees and 20 volunteers at Lone Star Ballet Inc.
Here are 13 key members and their salaries:
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Official website here: www.lonestarballet.org
Where can I find the form 990 for Lone Star Ballet Inc?
Lone Star Ballet Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lonestarballet.org
Learn more at the official website: www.lonestarballet.org
Mission Statement of Lone Star Ballet Inc
Lone Star Ballet Inc, a renowned nonprofit organization, is committed to the mission of showcasing the art of dance and enriching the education, culture, and entertainment of the people of Texas. Their primary objective is to produce captivating dance performances and productions annually, offering four major productions and several touring dance shows. By doing so, Lone Star Ballet Inc contributes to the cultural landscape and provides a source of entertainment for the community.
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Impact
July, 2024
The impact of Lone Star Ballet Inc is significant in the realm of arts and culture in Texas. Through its dance performances and productions, Lone Star Ballet contributes to the education, culture, and entertainment of the people of Texas. By showcasing the art of dance, Lone Star Ballet enriches the community and provides access to high-quality cultural experiences. The organization's dedication to producing engaging and professional shows plays a vital role in promoting the arts and fostering creativity within the region.
This information is meant to be a general summary of Lone Star 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.
- Investment Income: $99,196
- Program Service Revenue: $734,412
- Gross Receipts: $1,594,089
Assets and Liabilities:
- Total Assets: $2,855,420
- Total Liabilities: $475,500
- Net Assets: $2,379,920
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ACADEMY
Revenue
$258,976
ADMISSIONS PRODUCTIONS
Revenue
$255,431
PROGRAMS ADVERTISING
Revenue
$49,450
USHERETTE FEES
Revenue
$104,100
DANCE PROGRAM MISC FEES
Revenue
$66,455
Organization Details
Founding Year
1975
Phone
(806) 372-2463Principal Officer
Craig Henderson
Main Address
3218 HOBBS, AMARILLO, TX, 79109
Website
www.lonestarballet.orgNTEE Category
Code: A63 - Arts
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