2024-11-20T13:24:47-06:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP 1925 CENTURY PARK E 16TH FLOOR LOS ANGELES CA 90067 990 2022-07-01 201819852 LOS ANGELES BALLET INC LOSA 3104888890 11755 EXPOSITION BLVD LOS ANGELES CA 90064 JULIA RIVERA EXECUTIVE DIRECTOR 3104888890 2024-11-20 1 1 KAREN LO P02141262 3102732501 2024-11-20 2022 2024-10-15 13:58:12Z JULIA RIVERA 11755 EXPOSITION BLVD LOS ANGELES CA 90064 4801424 0 X WWW.LOSANGELESBALLET.ORG X 2004 CA TO PERFORM OUTSTANDING CLASSICAL AND MODERN BALLETS THAT SET THE STANDARD FOR DANCE IN LOS ANGELES. 23 23 50 23 0 0 3095363 2027208 1299048 2178707 0 0 115056 24062 4509467 4229977 0 0 0 0 1574888 1423966 0 0 470435 2580956 3417405 4155844 4841371 353623 -611394 1239269 840463 572451 785039 666818 55424 TO PERFORM OUTSTANDING CLASSICAL AND MODERN BALLETS THAT SET THE STANDARD FOR DANCER IN LOS ANGELES, NATIONALLY, AND INTERNATIONALLY. TO PASSIONATELY PURSUE INNOVATION AND CREATIVITY AND PERFORMANCE. TO CHANGE LIVES THROUGH ACCESSIBLE DANCE EDUCATION PROGRAMS. 0 0 3961786 2225683 FY23 (2022/2023 SEASON) SAW THE RETURN TO A FULL, UNINTERRUPTED PERFORMANCE SCHEDULE. RESPONSE TO LAB PROGRAMMING BY AUDIENCES WAS STRONG AND EXCEEDED THE SEASON ATTENDANCE GOAL BY 3%. FY23 WAS THE HIGHEST GROSSING SEASON AND HIGHEST ATTENDED IN THE COMPANY'S HISTORY. WE INTRODUCED NEW ARTISTIC LEADERSHIP WITH THE ARRIVAL OF ARTISTIC DIRECTOR MELISSA BARAK AND PREMIERED HER ORIGINAL FULL EVENING BALLET THAT INCREASED LAB'S SEASON PROGRAMMING TO 4 MAINSTAGE PRODUCTIONS. 3961786 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 67 0 50 1 0 0 0 0 0 1 1 0 0 0 0 X 23 23 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 1 1 0 0 0 CA X JULIA RIVERA 3104777411 11755 EXPOSITION BLVD LOS ANGELES CA 90064 JENNIFER BELLAH MAGUIRE BOARD CHAIRMAN 3.00 X 0 0 0 ROBERTA K DAHL SECRETARY 8.00 X 0 0 0 LORI MILKEN BOARD MEMBER 1.00 X 0 0 0 BARI MILKEN BERNSTEIN BOARD MEMBER 1.00 X 0 0 0 JOHNESE SPISSO BOARD MEMBER 1.00 X 0 0 0 GHADA IRANI BOARD MEMBER 1.00 X 0 0 0 TAMAR MANOUKIAN BOARD MEMBER 1.00 X 0 0 0 DEBBRA LUSTIG BOARD MEMBER 1.00 X 0 0 0 ERICA MIN BOARD MEMBER 1.00 X 0 0 0 JOHN PETERS BOARD MEMBER 1.00 X 0 0 0 MARAL STEPHANIE KRADJIAN BOARD MEMBER 1.00 X 0 0 0 CORRINE SANDS BOARD MEMBER 1.00 X 0 0 0 KIRSTEN SARKISIAN BOARD MEMBER 1.00 X 0 0 0 SHARON DAVIS BOARD MEMBER 1.00 X 0 0 0 ELIZABETH FOWLER BOARD MEMBER 1.00 X 0 0 0 SYBIL GRIEB BOARD MEMBER 1.00 X 0 0 0 PETER GROSS BOARD MEMBER 1.00 X 0 0 0 SANDRA KANENGISER BOARD MEMBER 1.00 X 0 0 0 ARADHNA KELSEY BOARD MEMBER 1.00 X 0 0 0 DINA LEEDS BOARD MEMBER 1.00 X 0 0 0 NIGEL LYTHGOE BOARD MEMBER 1.00 X 0 0 0 KONI RICH BOARD MEMBER 1.00 X 0 0 0 RACHEL WEBER BOARD MEMBER 1.00 X 0 0 0 COLLEEN THORDAL CHRISTENSEN ARTISTIC DIRECTOR 45.00 X 49547 0 0 AAGE THORDAL CHRISTENSEN ARTISTIC DIRECTOR 60.00 X 38901 0 0 BRANDON LUSSIER EXECUTIVE DIRECTOR 50.00 X 89041 0 0 177489 0 0 0 0 0 0 0 1113090 914118 2496 2027208 PERFORMANCE REVENUE 711120 2178707 2178707 2178707 88465 0 88465 88465 88465 388774 1113090 500153 -111379 -111379 118270 71294 46976 46976 4229977 2225683 0 -22914 159983 66846 52686 40451 947555 745157 40309 162089 211023 169030 12280 29713 105405 79223 8112 18070 2699 2699 49760 49760 79914 60226 11250 8438 399715 350868 18186 30661 54213 18071 18071 18071 83180 34981 11188 37011 63654 63654 267384 89128 89128 89128 943 943 8100 8100 33740 22268 5736 5736 62598 51360 5619 5619 PRODUCTION AND THEATER 2233903 2210031 11936 11936 CC SERVICE CHARGES 64090 64090 DEVELOPMENT 13512 13512 4841371 3961786 409150 470435 599790 314799 487674 150750 48181 24834 21310 582145 482265 121971 99880 5000 205543 1239269 840463 422451 436031 150000 146997 0 202011 572451 785039 X 663624 -120231 3194 175655 666818 55424 1239269 840463 -611394 0 X X 0 1 X 1 0 X 1913153 1633479 1441510 2008859 914118 7911119 1913153 1633479 1441510 2008859 914118 7911119 596245 7314874 100180 82157 37191 101076 320604 30533 63686 44807 46976 186002 8417725 2832762 0.86900 0.83500 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 36764 34411 2353 454015 357587 96428 91366 90267 1099 99880 RENT DEPOSIT 6000 RIGHT-OF-USE ASSETS, OPERATING 199543 205543 LEASE LIABILITIES, OPERATING 202011 202011 X 4514977 285000 285000 4229977 0 4229977 5126371 285000 285000 4841371 0 4841371 PART X, LINE 2: THE ORGANIZATION HAS RECEIVED FAVORABLE DETERMINATION LETTERS INDICATING IT IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND CALIFORNIA FRANCHISE TAXES UNDER SECTION 23701 OF THE CALIFORNIA REVENUE TAXATION CODE. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES PROVIDE ACCOUNTING AND DISCLOSURE GUIDANCE ABOUT POSITIONS TAKEN BY AN ORGANIZATION IN ITS TAX RETURNS THAT MIGHT BE UNCERTAIN. MANAGEMENT HAS CONSIDERED ITS TAX POSITIONS AND BELIEVES ALL OF THE POSITIONS TAKEN BY THE ORGANIZATION ARE MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION. GALA-DINNER 1306591 1113090 193501 213269 34033 9711 115647 NUTCRACKER TEA 195273 95074 100199 55447 9253 32554 30239 1501864 1208164 293700 268716 43286 42265 145886 500153 -206453 FORM 990, PART VI, SECTION A, LINE 1A THERE SHALL BE ESTABLISHED AND MAINTAINED AN EXECUTIVE COMMITTEE WHICH SHALL BE RESPONSIBLE FOR ADVISING THE CHAIR OF THE BOARD OF DIRECTORS, MONITORING THE PROGRESS OF THE BOARD OF DIRECTORS AND MAKING DECISIONS DELEGATED TO IT BY THE BOARD OF DIRECTORS BETWEEN MEETINGS. THE COMMITTEE SHALL CONSIST OF THE ARTISTIC DIRECTORS, THE CHAIR OF THE BOARD, AND THE CHAIRS OF EACH OF THE EXISTING COMMITTEES. FORM 990, PART VI, SECTION A, LINE 8B LAB BOARD AUDIT COMMITTEE CONSISTS OF TWO INDIVIDUALS, WHO MAKE REPORTS TO THE FULL BOARD THAT ARE RECORDED IN THE GOVERNING BODY'S MINUTES. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE ORGANIZATION'S PUBLIC ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY MANAGEMENT. ONCE A DRAFT OF THE FILING IS AVAILABLE, IT IS REVIEWED BY THE ORGANIZATION WITH ANY CHANGES BEING INCORPORATED INTO THE DOCUMENT. THE FILING IS THEN DISTRIBUTED TO THE GOVERNING BODY BEFORE FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ANY DIRECTOR, PRINCIPAL OFFICER, OR MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS, WHO HAS A DIRECT OR INDIRECT FINANCIAL INTEREST IS AN INTERESTED PERSON. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, THE OTHER BOARD MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. THE BOARD OF DIRECTORS (OR ANY COMMITTEE TO WHICH ITS AUTHORITY HAS BEEN DELEGATED FOR THIS PURPOSE) SHALL CONSIDER AND DETERMINE, BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS, WHETHER THE TRANSACTION OR ARRANGEMENT IS IN LAB'S BEST INTEREST, AND WHETHER IT IS FAIR AND REASONABLE. THE DECISION WILL BE DOCUMENTED IN THE LAB BOARD MINUTES. EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON HAS RECEIVED, UNDERSTANDS AND AGREES TO COMPLY WITH THE POLICY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: AN AUDIT COMMITTEE HAS BEEN FORMED AND THE COMMITTEE ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS AND SELECTION OF THE INDEPENDENT AUDITOR.