2022-05-13T18:21:19-05:00 2021-06-30 410746749 CLIFTONLARSONALLEN LLP 301 NORTH LAKE AVENUE SUITE 900 PASADENA CA 91101 990 2020-07-01 201819852 LOS ANGELES BALLET INC LOSA 3104888890 11755 EXPOSITION BLVD LOS ANGELES CA 90064 BRANDON LUSSIER EXECUTIVE DIRECTOR 3104888890 2022-05-13 1 BRANDON LUSSIER 999009999 KAREN LO P02141262 6267933600 2022-05-13 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z BRANDON LUSSIER 11755 EXPOSITION BLVD LOS ANGELES CA 90064 1756687 0 X WWW.LOSANGELESBALLET.ORG X 2004 CA TO PERFORM OUTSTANDING CLASSICAL AND MODERN BALLETS THAT SET THE STANDARD FOR DANCE IN LOS ANGELES. 18 16 36 17 0 0 1633479 1655810 1271945 0 0 0 57814 -112108 2963238 1543702 0 0 0 0 1128027 493595 0 0 323235 1664976 370825 2793003 864420 170235 679282 372957 1101951 739044 788756 -366087 313195 X 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 335432 0 BY THE END OF FY21, LOS ANGELES BALLET HAD EXPANDED ITS FREE COMMUNITY DANCE CLASSES FROM A ONCE-PER-MONTH DAY OF CLASSES AT LAB'S STUDIOS IN WEST LOS ANGELES TO TWICE-MONTHLY DAYS OF FREE ONLINE CLASSES. AS A RESULT, ATTENDANCE INCREASED FROM APPROXIMATELY 100 COMMUNITY MEMBERS IN LOS ANGELES PER MONTH TO THOUSANDS OF CLASS ATTENDEES ACROSS THE GLOBE EACH MONTH. THIS WAS ACCOMPLISHED WITH NO INCREASE IN PROGRAM BUDGET AND PROVIDED SIX TEACHING ARTISTS WITH EMPLOYMENT DURING THE PANDEMIC. PRODUCED NO DIRECT REVENUE, BUT INDIRECTLY CONTRIBUTED TO REVENUE OF $127,000 IN GIVING TO LAB'S ANNUAL FUND DRIVE AND PANDEMIC RELIEF FUND.CONTINUED ON SCHEDULE O...LOS ANGELES BALLET PRODUCED ITS FIRST-EVER VIRTUAL EVENT/PERFORMANCE, CLARA'S VIRTUAL NUTCRACKER TEA, BRINGING AN INTERACTIVE HOLIDAY EXPERIENCE TO FAMILIES DURING PANDEMIC LOCKDOWN. EMPLOYED DANCERS AND PRODUCTION STAFF AND RAISED $135,000 TO SUPPORT LAB. TICKETS TO THE VIRTUAL EVENT WERE DONATED TO CHILDREN AND FAMILIES AT PARTNER NON-PROFIT, AVIVA FAMILY AND CHILDREN'S SERVICES.ALTHOUGH NOT PROGRAMMATIC, BECAUSE OF THE EXTRAORDINARY CIRCUMSTANCE FACED DURING THE TAX YEAR, IT IS IMPORTANT TO NOTE THAT STAFF, INCLUDING ALL LEADERSHIP AND DANCERS, MADE PERSONAL FINANCIAL SACRIFICES IN ORDER TO ENSURE THE ORGANIZATION'S HEALTH. FURLOUGHS, PARTIAL OR FULL, REDUCED SALARY EXPENSES BY $600,000 COMPARED TO THE MOST RECENT PRE-PANDEMIC FISCAL YEAR. 335432 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 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 5 0 36 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 18 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 42657 0 12633 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 LESLIE KAVANAUGH BOARD MEMBER 2.00 X 0 0 0 CANDY SPELLING 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 SHARON K DAVIS 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 50700 0 0 COLLEEN NEARY ARTISTIC DIRECTOR 60.00 X 50700 0 0 BRANDON LUSSIER EXECUTIVE DIRECTOR 70.00 X 68250 0 0 212307 0 12633 0 0 0 0 0 794437 214300 647073 1655810 37191 0 37191 37191 37191 63686 794437 212985 -149299 -149299 1543702 0 0 -112108 230031 105229 42000 82802 125295 10430 21305 93560 107257 25731 23699 57827 31012 9364 5711 15937 24000 24000 4717 4717 17157 5719 5719 5719 35925 13592 8592 13741 89124 29708 29708 29708 11096 11096 37142 27278 4932 4932 91812 64428 13532 13852 PRODUCTION AND THEATER 43953 43953 CC SERVICE CHARGES 10742 10742 DEVELOPMENT 5157 5157 864420 335432 205753 323235 160185 732440 23921 105399 49619 77000 26161 566343 410392 123863 155951 15369 5000 372957 1101951 241679 150405 25094 24388 107971 99656 364300 514307 739044 788756 X -379281 233001 13194 80194 -366087 313195 372957 1101951 679282 0 X X 0 1 X 1 0 X 1587770 1365642 1913153 1633479 1441510 7941554 1587770 1365642 1913153 1633479 1441510 7941554 1601961 6339593 99345 100927 100180 82157 37191 419800 30533 63686 94219 8455573 5818151 0.74980 0.76610 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 36764 28606 8158 439505 303439 136066 90074 78347 11727 155951 X 1613928 70226 70226 1543702 0 1543702 934646 70226 70226 864420 0 864420 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 722359 658673 63686 48327 16081 53615 NUTCRACKER TEA 135764 135764 10057 47901 37004 858123 794437 63686 58384 63982 90619 212985 -149299 LOS ANGELES BALLET SCHOOL BOARD MEMBERS OF THE ORGANIZATION JOINTLY OWN THE LOS ANGELES BALLET SCHOOL OPERATING CASH X 50000 49656 0 1 0 MILKEN FAMILY FOUNDATION BARI BERNSTEIN IS A BOARD MEMBER OF THE ORGANIZATION AND FOUNDATION OPERATING CASH X 250000 50000 0 1 1 99656 LOS ANGELES BALLET SCHOOL LABS ARTISTIC AND FORMER EXECUTIVE DIRECTOR/SECRETARY OWNS THE LAB SCHOOL 37191 RENTAL SUBLEASE 0 FORM 990, PART VI, SECTION A, LINE 1 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.