2023-11-15T13:58:59-06:00 2022-06-30 410746749 CLIFTONLARSONALLEN LLP 2875 MICHELLE DRIVE 300 IRVINE CA 92606 990 2021-07-01 201819852 LOS ANGELES BALLET INC LOSA 3104888890 11755 EXPOSITION BLVD LOS ANGELES CA 90064 BRANDON LUSSIER EXECUTIVE DIRECTOR 3104888890 2023-11-15 1 BRANDON LUSSIER 999009999 LISA N RYSSEL CPA P00643670 7149781300 2023-11-15 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z BRANDON LUSSIER 11755 EXPOSITION BLVD LOS ANGELES CA 90064 4901479 0 X WWW.LOSANGELESBALLET.ORG X 2004 CA TO PERFORM OUTSTANDING CLASSICAL AND MODERN BALLETS THAT SET THE STANDARD FOR DANCE IN LOS ANGELES. 16 16 37 16 0 0 1655810 3095363 0 1299048 0 0 -112108 115056 1543702 4509467 0 0 0 0 493595 1574888 0 0 355284 370825 2580956 864420 4155844 679282 353623 1101951 1239269 788756 572451 313195 666818 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 3443273 1343855 DURING THIS FISCAL YEAR, LAB RETURNED TO SUCCESSFUL LIVE IN-PERSON LIVE PERFORMANCE AND EVENTS.DUE TO THE COVID-19 PANDEMIC, RETURN TO LIVE PERFORMANCE REQUIRED EXTENSIVE SAFETY MEASURES, INCLUDING REGULAR DANCER TESTING AND REQUIRING AUDIENCE MEMBERS TO WEAR MASKS. LAB SUCCESSFULLY NAVIGATED THE CHALLENGES, AND IN SPITE OF SEVERAL CANCELLED PERFORMANCES DUE TO COVID-19 DISRUPTION, THE SEASON ENDED WITH STRONG TICKET SALES."FREE A CHANCE TO DANCE COMMUNITY DANCE CLASSES RETURNED TO IN-PERSON, IN ADDITION TO CONTINUED ONLINE ACCESS. TWO DAYS OF CLASSES WERE HELD AT THE BALLET CENTER EACH MONTH, SERVING 150-200 COMMUNITY MEMBERS FROM AGES 6-70. 3443273 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 33 0 1 37 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 16 16 1 0 0 0 0 0 0 1 0 0 0 1 1 0 1 1 1 0 0 0 CA X BRANDON LUSSIER 3104777411 11755 EXPOSITION BLVD LOS ANGELES CA 90064 CATHERINE KANNER STAFF / BOARD MEMBER 40.00 X 49400 0 13791 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 2.00 X 0 0 0 BARI MILKEN BERNSTEIN BOARD MEMBER 2.00 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 DR JAMES MURRAY BOARD MEMBER 1.00 X 0 0 0 DEBBIE LUSTIG BOARD MEMBER 1.00 X 0 0 0 ERICA MIN BOARD MEMBER 1.00 X 0 0 0 JOHN PETERS BOARD MEMBER 2.00 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 ALIA TUTOR BOARD MEMBER 1.00 X 0 0 0 THORDAL CHRISTENSEN ARTISTIC DIRECTOR 45.00 X 60654 0 0 COLLEEN NEARY ARTISTIC DIRECTOR 60.00 X 60654 0 0 BRANDON LUSSIER EXECUTIVE DIRECTOR 70.00 X 81650 0 0 252358 0 13791 0 0 0 0 0 1086504 2008859 3095363 PERFORMANCE REVENUE 711120 1299048 1299048 1299048 101076 0 101076 101076 101076 322768 1086504 353595 -30827 -30827 83224 38417 44807 44807 4509467 1343855 0 70249 162809 74478 29726 58605 1124767 938661 71189 114917 172553 141003 11132 20418 114759 86345 10465 17949 51916 51916 42737 41751 986 302723 283154 8255 11314 29055 9685 9685 9685 65350 36508 11778 17064 14250 14250 224262 74754 74754 74754 5165 5165 6792 6792 42411 31575 5418 5418 80109 50273 14918 14918 PRODUCTION AND THEATER 1473316 1473316 ALL OTHER EXPENSES 182355 182355 CC SERVICE CHARGES 50273 50273 DEVELOPMENT 10242 10242 4155844 3443273 357287 355284 732440 599790 105399 487674 77000 0 26161 24834 574775 452804 155951 121971 5000 5000 1101951 1239269 150405 422451 24388 0 99656 0 514307 150000 788756 572451 X 233001 663624 80194 3194 313195 666818 1101951 1239269 353623 0 X X 0 1 X 1 0 X 1365642 1913153 1633479 1441510 2008859 8362643 1365642 1913153 1633479 1441510 2008859 8362643 911921 7450722 100927 100180 82157 37191 101076 421531 30533 63686 44807 139026 8923200 4491320 0.83500 0.74980 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 36764 31715 5049 446645 331696 114949 91366 89393 1973 121971 X 4722760 213293 213293 4509467 0 4509467 4369137 213293 213293 4155844 0 4155844 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 1277449 1086504 190945 44059 174130 13800 47916 NUTCRACKER TEA 131823 131823 54886 18804 1409272 1086504 322768 44059 54886 174130 13800 66720 353595 -30827 LOS ANGELES BALLET SCHOOL LABS ARTISTIC AND FORMER EXECUTIVE DIRECTOR/SECRETARY OWNS THE LAB SCHOOL 98336 RENTAL SUBLEASE 0 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 2 THORDAL CHRISTENSEN, CHAIRMAN OF THE BOARD AND CO-ARTISTIC DIRECTOR AND COLLEEN NEARY, SECRETARY OF THE BOARD AND CO-ARTISTIC DIRECTOR - FAMILY RELATIONSHIP 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.