Overview
What is Team Theatrics Inc?
Team Theatrics Inc, operating under the name Los Angeles Ballet Academy, is a nonprofit organization situated in Sherman Oaks, California. Their primary focus is to promote dance education within the Los Angeles community. They achieve this by fostering continuing education opportunities for their members, engaging in community outreach programs, and offering fitness and dance services to underserved and economically disadvantaged populations. Their mission is driven by a commitment to excellence, integrity, and compassion.
Official website here: www.laballetacademy.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 52%, One-Star out of Four Star rating.
Team Theatrics Inc, operating as the Los Angeles Ballet Academy, has received a low rating due to significant shortcomings in accountability and financial transparency. The organization scored 52% overall, with particular weaknesses in governance. Notably, the board lacks independent members and has not established crucial policies related to conflict of interest, whistleblowing, and document retention, which raises concerns about oversight and ethical practices.
Despite these governance issues, the nonprofit demonstrates a strong program expense ratio of 86.15%, indicating that a high percentage of its expenditures is directed towards its programs. Additionally, the organization has not reported any material diversion of assets, which suggests financial integrity in terms of asset management. However, the absence of financial statements and meeting minutes indicates a lack of transparency, hindering potential donors' ability to assess the organization's operations comprehensively.
Overall, while the Los Angeles Ballet Academy effectively directs funds toward its programs, serious governance and transparency issues may deter potential support. The organization would benefit from implementing strong oversight mechanisms and providing accessible financial information to improve its rating and foster trust with stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Team Theatrics Inc legitimate?
Team Theatrics Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Team Theatrics 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: $155,298
Professional Fundraising Fees: $0
Other Salaries and Wages: $267,475
For more financial information, click here
Official website here: www.laballetacademy.com
What is the mission statement of Team Theatrics Inc?
Team Theatrics Inc, operating under the name Los Angeles Ballet Academy, is committed to forming a dance community that prioritizes continuing education, community outreach programs, and offers dance and fitness services to underserved and economically disadvantaged populations. The organization's mission is driven by a dedication to excellence, integrity, and compassion, ensuring that these services are delivered with utmost professionalism. They strive to support their members in providing dance education to the Los Angeles community, aiming to make dance accessible to all, regardless of their financial situation.
Official website here: www.laballetacademy.com
Who is the CEO of Team Theatrics Inc?
Gina Luz B Gosalvez is the President of Team Theatrics Inc.
Official website here: www.laballetacademy.com
What is the revenue of Team Theatrics Inc?
Team Theatrics Inc's revenue in 2022 was $905,028.
Official website here: www.laballetacademy.com
Who are the executives of Team Theatrics Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $76,500
- Related: $0
- Other: $0
- Compensation: $72,974
- Related: $0
- Other: $0
- Compensation: $5,825
- Related: $0
- Other: $0
Official website here: www.laballetacademy.com
Where can I find the form 990 for Team Theatrics Inc?
Team Theatrics Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.laballetacademy.com
Learn more at the official website: www.laballetacademy.com
Mission Statement of Team Theatrics Inc
Team Theatrics Inc Dba Los Angeles Ballet Academy, as a dance community, is committed to supporting its members in their mission to provide continuing education, community outreach programs, and offer fitness and dance services to underprivileged and low-income populations. This organization operates with a strong sense of excellence, integrity, and compassion. By providing dance education within the Los Angeles community, Team Theatrics Inc Dba Los Angeles Ballet Academy aims to make a positive impact on those who may not otherwise have access to such opportunities. This nonprofit's mission is to create an inclusive environment where dance can be a source of joy, fitness, and personal growth for individuals who are underserved or financially disadvantaged.
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Impact
July, 2024
Team Theatrics Inc Dba Los Angeles Ballet Academy's impact can be seen in the significant contribution it makes towards providing continuing education, community outreach programs, and fitness and dance services to under-served and low/no income populations in Los Angeles. Through its dedication to excellence, integrity, and compassion, the academy supports its members in providing crucial dance education for the community. By focusing on recreation and fostering a sense of community through dance, the academy plays a vital role in enriching the lives of individuals in Sherman Oaks, CA, and beyond.
This information is meant to be a general summary of Team Theatrics 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.
- Program Service Revenue: $826,289
- Gross Receipts: $905,028
Assets and Liabilities:
- Total Assets: $236,532
- Total Liabilities: $12,118
- Net Assets: $224,414
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CLASSES
Revenue
$72,688
OTHER INCOME
Revenue
$33,147
SCHOLARSHIP DONATIONS
Revenue
$36,732
SHOW INCOME
Revenue
$64,297
TUITION
Revenue
$601,732
Organization Details
Founding Year
2000
Phone
(818) 382-2500Principal Officer
Gina Luz B Gosalvez
Main Address
15255 VENTURA BLVD ANNEX 3, SHERMAN OAKS, CA, 91403
Website
www.laballetacademy.comNTEE Category
Code: N20 - Recreation
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