2023-05-04T09:57:19-05:00 2022-06-30 750882037 BOLINGER SEGARS GILBERT AND MOSS LLP 8215 NASHVILLE AVENUE LUBBOCK TX 79423 990 2021-07-01 510163294 BALLET LUBBOCK BALL 8067853090 1300 MAC DAVIS LANE 1 LUBBOCK TX 79401 NICHOLAS DRAGGA EXECUTIVE DIRECTOR 8067853090 2023-05-03 1 NICHOLAS DRAGGA 999009999 MATT R WILLIS P00419741 8067473806 2023-05-03 X 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z NICHOLAS DRAGGA 1300 MAC DAVIS LANE 1 LUBBOCK TX 79401 6645662 0 X WWW.BALLETLUBBOCK.ORG X 1969 TX THE MISSION OF BALLET LUBBOCK IS TO CHANGE LIVES. AS A PRE-PROFESSIONAL DANCE SCHOOL, WE ENHANCE OUR COMMUNITY THROUGH PREMIER DANCE TRAINING, PERFORMANCES, AND OUTREACH. 18 18 54 234 130210 0 2245333 1253452 379544 1227944 39889 538549 128612 76530 2793378 3096475 0 0 0 0 609138 772172 0 0 137393 873136 1614801 1482274 2386973 1311104 709502 11609353 11243607 5976649 4933144 5632704 6310463 THE MISSION OF BALLET LUBBOCK IS TO CHANGE LIVES. AS A PRE-PROFESSIONAL DANCE SCHOOL, WE ENHANCE OUR COMMUNITY THROUGH PREMIER DANCE TRAINING, PERFORMANCES, AND OUTREACH. 0 0 2011393 1214594 HIGH CALIBER AND ENGAGING CLASSICAL BALLET INSTRUCTION TO MEMBERS OF THE COMMUNITY AT ACCESSIBLE TUITION RATES WITH SCHOLARSHIP AND TUITION SUPPORT.INSPIRING, IMAGINATIVE, AND ENGAGING PERFOMANCE OF BALLET AT AFFORDABLE AND FREE ADMISSION RATES IN ORDER TO ENGAGE ALL POCKETS OF OUR SOCIETY. 2011393 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 60 0 54 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 18 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X X NICHOLAS DRAGGA 8067853090 1300 MAC DAVIS LANE 1 LUBBOCK TX 79401 X NATHANIEL WRIGHT PRESIDENT 1.00 X X 0 0 0 DIANE ST CLAIR VICE PRESIDENT 1.00 X X 0 0 0 WYATT LEAVELL 2ND VICE PRESIDENT 0.50 X X 0 0 0 JOHN SALTER TREASURER 1.00 X X 0 0 0 MARGARET RANDLE SECRETARY 1.00 X X 0 0 0 SOMER JAYNES PRESIDENT ELECT 4.00 X X 0 0 0 KATHLEEN BURRELL PAST PRESIDENT 1.00 X X 0 0 0 DARRELL ELLISON DIRECTOR 1.00 X 0 0 0 JENNIFER GUTIERREZ DIRECTOR 1.00 X 0 0 0 STEPHEN FAULK DIRECTOR 1.00 X 0 0 0 RYAN HENRY DIRECTOR 1.00 X 0 0 0 LAUREN SULLIVAN DIRECTOR 1.00 X 0 0 0 HOLLY RUSSELL DIRECTOR 1.00 X 0 0 0 ROBERT KOLLMAN DIRECTOR 0.25 X 0 0 0 DEBBIE LITTLEJOHN DIRECTOR 1.00 X 0 0 0 KELLI MEDINA DIRECTOR 1.00 X 0 0 0 SHANNON MILLER DIRECTOR 1.00 X 0 0 0 KIRSTEN ROBINSON DIRECTOR 1.00 X 0 0 0 NICHOLAS DRAGGA EXECUTIVE DIRECTOR 50.00 X 112409 0 6796 112409 0 6796 1 0 0 0 0 189374 198526 865552 1253452 PERFORMANCE INCOME 711120 830643 830643 TUITION INCOME 711120 383951 383951 PROGRAM ADVERTISING 541800 13350 13350 1227944 7510 7510 2290 0 2290 2290 2290 1966052 1000000 1992843 442170 -26791 557830 531039 531039 19600 189374 82503 -62903 -62903 1149061 1010276 138785 116860 21925 19753 21395 -1642 -1642 3096475 1214594 130210 498219 119205 96556 9536 13113 590078 480907 47633 61538 5999 5370 480 149 56890 46650 3982 6258 32753 32753 3336 3336 24796 24796 57906 57906 11610 4440 4848 2322 9167 2750 4583 1834 158881 126796 24140 7945 14784 7392 7392 280319 238271 28032 14016 315989 268590 31599 15800 25342 21541 2534 1267 NUTCRACKER PERFORMANCE 354504 354504 SUMMER WORKSHOP 95674 95674 SPRING PERFORMANCE 87809 87809 OUTREACH EXPENSES 83594 83594 58337 32643 12543 13151 2386973 2011393 238187 137393 599580 697436 563578 843298 133178 57477 80205 50843 17338 32957 10009 20009 10004283 512696 10155465 9491587 50000 50000 11609353 11243607 85116 84359 48023 17430 5843510 4831355 5976649 4933144 X 5466155 6173535 166549 136928 5632704 6310463 11609353 11243607 709502 -31743 0 X X 0 1 X 1 0 X 801926 604404 1091399 2194833 1253452 5946014 601173 634528 578322 386110 1234347 3434480 580399 519279 531937 196460 239367 2067442 1983498 1758211 2201658 2777403 2727166 11447936 0 0 0 11447936 18622 16740 12989 5942 9800 64093 18622 16740 12989 5942 9800 64093 2011 2011 2004131 1774951 2214647 2783345 2736966 11514040 0.99430 0.99360 0.00560 0.00620 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 242935 385585 -44581 50000 533939 199239 43696 242935 188919 10320 199239 159957 16345 12617 188919 152520 7437 159957 0.99054 0.00945 0 0 109723 62943 46780 9894560 449753 9444807 9491587 BUILDING LEASE OBLIGATION 4831355 4831355 X 3170114 -31743 23720 84998 76975 3093139 3336 3336 3096475 2492355 23720 84998 108718 2383637 3336 3336 2386973 PART V, LINE 4: THE MAJORITY OF THE ENDOWMENT FUNDS ARE BOARD DESIGNATED AND CAN BE USED TO SUPPORT THE MISSIONS OF BALLET LUBBOCK, INC. PART X, LINE 2: BALLET LUBBOCK HAS ADOPTED THE "UNCERTAIN TAX POSITIONS" PROVISIONS OF ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. THE PRIMARY TAX POSITION OF THE ORGANIZATION IS ITS FILING STATUS AS A TAX EXEMPT ENTITY. THE ORGANIZATION DETERMINED THAT IT IS MORE LIKELY THAN NOT THAT ITS TAX POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE (IRS), OR OTHER STATE TAXING AUTHORITIES. THE ORGANIZATION IS NO LONGER SUBJECT TO EXAMINATIONS BY FEDERAL TAXING AUTHORITIES FOR YEARS BEFORE 2019. THERE WERE NO PENALTIES OR INTEREST RECOGNIZED DURING THE YEAR ENDED JUNE 30, 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: ENCORE FUNDRAISER EXPENSES REPORTED ON PART VIII LINE 8B 82,503. COGS REPORTED ON PART VIII LINE 10B 2,495. PART XII, LINE 2D - OTHER ADJUSTMENTS: ENCORE FUNDRAISER EXPENSES REPORTED ON PART VIII LINE 8B 82,503. COGS REPORTED ON PART VIII LINE 10B 2,495. PART VI, LINE 1E OTHER DURING THE YEAR ENDED JUNE 30, 2021, THE ORGANIZATION ENTERED INTO A NEW LEASE WITH LUBBOCK ENTERTAINMENT AND PERFORMING ARTS ASSOCIATION (LEPAA) TO LEASE SPACE AT THE NEW BUDDY HOLLY HALL OF PERFORMING ARTS AND SCIENCES (BHH). THE LEASE TERM IS FOR 33 YEARS BEGINNING ON JANUARY 1, 2021. THE ORGANIZATION'S DEVELOPMENT COST FUNDING OBLIGATION FOR THE LEASE IS $9,894,560. THE ECONOMIC SUBSTANCE OF THE LEASE IS THAT THE ORGANIZATION IS FINANCING THE ACQUISITION OF THE ASSET THROUGH THE LEASE OVER THE TERM AND, ACCORDINGLY, IS REFLECTED IN THE ORGANIZATION'S FIXED ASSETS AND LONG-TERM LIABILITIES. PART X, LINE 1 OTHER LIABILITIES THE LEASE OBLIGATION IS TO BE PAID OVER 30 YEARS AT AN INTEREST RATE EQUAL THE INTEREST RATE CHARGED TO LEPAA UNDER THE TERMS OF THE PERMANENT FINANCING FOR THE ENTIRE PROJECT, CURRENTLY ESTIMATED AT 5%. ENCORE GALA 208974 189374 19600 968 8100 35621 10013 27801 208974 189374 19600 968 8100 35621 10013 27801 82503 -62903 219767 170000 13410 14432 0 929294 663352 71660 77422 0 1149061 833352 85070 91854 1010276 138785 TX 1 0 1 1 1.00000 TINA ROGERS C/O BINGO EXPRESS 3409 CLOVIS RD LUBBOCK TX 79415 0 NICHOLAS DRAGGA BOARD DESIGNATED BINGO CHAIRPERSON. X 1 138785 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PRESENTED TO THE BOARD FOR DISCUSSION, REVIEW AND APPROVAL PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, THE BOARD PRESIDENT AND VICE PRESIDENT OF NOMINATIONS LEAD INDIVIDUAL ORIENTATIONS WITH EACH BOARD MEMBER, COVERING BOTH, A BOARD AGREEMENT FORM AND THE CONFLICT OF INTEREST POLICY. THIS YEARLY PROCESS IS MEANT TO ENSURE THAT EACH BOARD MEMBER HAS AN EXPLICIT UNDERSTANDING OF THE EXPECTATIONS AND OBLIGATIONS THEY ASSUME AS BOARD MEMBERS, AND TO FULLY DISCLOSE ANY POTENTIAL CONFLICTS THEY MAY HAVE. ALL MEMBERS OF THE BALLET LUBBOCK BOARD, WHETHER THEY ARE NEW OR CONTINUING WITH THE TERM, MUST PARTICIPATE IN AN INDIVIDUAL ORIENTATION AT WHICH THE CONFLICT OF INTEREST POLICY IS COVERED AND SIGNED. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE PERFORMS AN ANNUAL REVIEW OF THE EXECUTIVE DIRECTOR. THE EXECUTIVE COMMITTEE USES FORM 990 OF OTHER SIMILARLY SITUATED ORGANIZATIONS, AND A COMPENSATION SURVEY. THE REVIEW PROCESS RESULTS IN A PERFORMANCE SCORE TIED TO COMPENSATION INCREASE SURROUNDING COST OF LIVING INCREASE. COMPENSATION RECOMMENDATIONS ARE THEN PRESENTED TO THE FULL BOARD FOR APPROVAL BY THE EXECUTIVE COMMITTE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION WILL PROVIDE A COMPLETE COPY OF ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS TO ANYONE WHO REQUESTS A COPY OF ANY SUCH DOCUMENT. ALL REQUESTS SHOULD BE MADE AT THE ORGANIZATION'S OFFICES IN LUBBOCK, TX. FORM 990, PAGE 9, PART VIII, LINE 1E INCLUDED ON LINE 1E IS $198,526 RECEIVED FROM THE US SMALL BUSINESS ADMINISTRATION DURING THE YEAR ENDED 6/30/22. THE ORGANIZATION FILED FOR FORGIVENESS AND THIS WAS APPROVED. AS SUCH, PER FASB-AS 958-605 NOT-FOR-PROFIT ENTITIES REVENUE RECOGNITION, $198,526 IS BEING RECOGNIZED AS CONTRIBUTION INCOME. FORM 990, PART XII, LINE 2C THE BOARD OF DIRECTORS HAVE ASSIGNED MEMBERS OF THE BOARD TO AN AUDIT COMMITTEE. THE COMMITTEE IS RESPONSIBLE FOR SELECTING AND OVERSEEING THE INDEPENDENT CPA FIRM TO PERFORM THE ANNUAL AUDIT. THIS PROCESS HAS NOT CHANGED FROM PRIOR YEARS.