Overview
What is Lakecities Ballet Theatre?
Lakecities Ballet Theatre is a nonprofit organization located in Lewisville, Texas. Its primary purpose is to promote ballet through captivating dance performances. During the 2022 calendar year, they presented three major productions: a mixed program featuring elements from La Bayadère, Dracula, and The Nutcracker. These productions showcased guest artists and professionals from across the country. Apart from ticket sales, the organization raises funds through various events, including silent auctions, lobby sales, annual fall festivals, and car washes. These events, along with government grants, guild memberships, and other contributions, contribute to the annual cost of their three annual productions.
Official website here: www.lakecitiesballet.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating. This rating reflects the organization's overall performance in accountability and finance, indicating that while there are strengths, there are also areas needing improvement.
Lakecities Ballet Theatre demonstrates strong governance with a fully independent board and no reported material diversion of assets. The organization excels in its program expense ratio, which indicates a high level of funding directed towards its programs, showcasing its commitment to fulfilling its mission. However, it lacks several critical policies, including a conflict of interest policy and whistleblower protection, which may raise concerns about transparency and accountability.
The absence of posted tax forms on the nonprofit’s website is another limitation, as it hinders public access to important financial information. While the salaries of key persons are modest, the lack of comprehensive documentation may affect stakeholder confidence. Overall, while Lakecities Ballet Theatre has notable strengths, particularly in governance and program funding, its missing policies could be improved to enhance trust and accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Lakecities Ballet Theatre legitimate?
Lakecities Ballet Theatre is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lakecities 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.lakecitiesballet.org
What is the mission statement of Lakecities Ballet Theatre?
Lakecities Ballet Theatre's primary mission is to promote ballet through dance performances. They achieve this by presenting major productions annually, such as the Kingdom of the Shades from La Bayadere, Dracula, and The Nutcracker. These productions often feature guest artists and professionals from across the country. Besides box office sales, the organization raises funds through various events, including silent auctions, lobby sales, and annual festivals. These events, along with government grants and contributions from guild memberships and other sources, help cover the cost of the annual productions.
Official website here: www.lakecitiesballet.org
What is the revenue of Lakecities Ballet Theatre?
Lakecities Ballet Theatre's revenue in 2024 was $210,773.
Official website here: www.lakecitiesballet.org
Who are the executives of Lakecities Ballet Theatre and what are their salaries?
There 47 volunteers at Lakecities Ballet Theatre.
Here are 12 key members and their salaries:
- Compensation: $10,000
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- Compensation: $1,500
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Official website here: www.lakecitiesballet.org
Where can I find the form 990 for Lakecities Ballet Theatre?
Lakecities Ballet Theatre's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.lakecitiesballet.org
Learn more at the official website: www.lakecitiesballet.org
Mission Statement of Lakecities Ballet Theatre
Lakecities Ballet Theatre, a renowned organization, is primarily dedicated to promoting ballet through captivating dance performances. The nonprofit's mission is to showcase ballet artistry, utilizing guest artists and professionals from across the country, in a series of major productions each year.
To achieve this objective, Lakecities Ballet Theatre presents a variety of ballet performances annually. One of their notable productions in 2022 was a mixed program, featuring elements from La Bayadère's Kingdom of the Shades, Dracula, and The Nutcracker. These productions not only entertain audiences but also provide a platform for talented dancers and artists to showcase their skills.
Beyond the stage, Lakecities Ballet Theatre engages in various fundraising events to support their annual productions. These events, such as the Nutcracker Silent Auction, lobby sales during performances, and annual fall festivals, contribute significantly to the organization's budget. Additionally, they hold events like the Polar Express Parent's Night Out and annual car washes to generate additional funds. Government grants, guild memberships, and other contributions also contribute to the financing of the three annual productions.
In summary, Lakecities Ballet Theatre's mission is centered around the promotion of ballet through engaging dance performances. They achieve this by presenting major productions, utilizing guest artists, and hosting a variety of fundraising events. These efforts not only entertain audiences but also support the artistic growth of dancers and the continued success of the organization.
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Impact
October, 2024
Lakecities Ballet Theatre significantly enhances the cultural landscape of Lewisville, TX, by providing a platform for ballet through its engaging performances. In 2022, the theater showcased three major productions, including well-loved classics like "Dracula" and "The Nutcracker," alongside a mixed program that featured "The Kingdom of the Shades" from "La Bayadère." These performances not only entertain audiences but also foster an appreciation for ballet in the community.
By collaborating with guest artists and professionals from across the country, Lakecities Ballet Theatre contributes to the growth of the local arts scene, attracting talent and elevating the caliber of performances. Its fundraising initiatives, such as the Nutcracker Silent Auction and various community events, create a sense of community involvement and support for the arts. These activities not only aid in funding the productions but also engage the audience and participants, fostering a love for dance among attendees of all ages.
Through its mission, Lakecities Ballet Theatre not only promotes ballet but also nurtures the local arts community, inspiring future generations of dancers and audiences alike.
This information is meant to be a general summary of Lakecities 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 2024.
- Program Service Revenue: $83,266
- Gross Receipts: $224,998
Assets and Liabilities:
- Total Assets: $166,637
- Total Liabilities: $0
- Net Assets: $166,637
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Ticket sales
Revenue
$71,391
Program ads
Revenue
$450
Audition fees
Revenue
$11,425
Organization Details
Founding Year
1984
Principal Officer
Heike Cullum
Website
www.lakecitiesballet.orgNTEE Category
Code: A63Z - Arts
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