2018-03-26T16:42:05-05:00 2017-06-30 410746749 CLIFTONLARSONALLEN LLP 301 N LAKE AVE SUITE 900 PASADENA CA 91101 990 2016-07-01 201819852 LOS ANGELES BALLET INC LOSA 3104777411 11755 EXPOSITION BLVD LOS ANGELES CA 90064 THORDAL CHRISTENSEN PRESIDENT 3104777411 2018-03-23 1 DAVID ROBYDEK P02127582 6267933600 2018-03-23 67.137.57.251 2018-03-23 13:53:13 PD P 3A69748B60C5562FF1572AE4C29EA0C331661B82 0C3B949DE0044FA10488A02C94FF2E706A60DCAB 2016 2021-01-29 14:40:06Z JULIE WHITTAKER 11755 EXPOSITION BLVD LOS ANGELES CA 90064 3198242 0 X CONTACT@LOSANGELESBALLET.ORG X 2004 CA TO PERFORM OUTSTANDING CLASSICAL AND MODERN BALLETS THAT SET THE STANDARD FOR DANCE IN LOS ANGELES. 17 11 9 0 0 0 1572404 1587770 1580646 1326831 0 0 -31932 22545 3121118 2937146 0 0 0 0 1383739 1160744 0 0 293400 2288716 1764679 3672455 2925423 -551337 11723 207395 224096 845602 850580 -638207 -626484 X TO PERFORM OUTSTANDING CLASSICAL AND MODERN BALLETS THAT SET THE STANDARD FOR DANCE IN LOS ANGELES, NATIONALLY AND INTERNATIONALLY.TO PASSIONATELY PURSUE INNOVATION AND CREATIVITY IN PERFORMANCES. TO PRESERVE THE BEST CHOREOGRAPHIC WORK OF THE PAST AND BECOME THE IMPETUS FOR THE BEST CHOREOGRAPHY YET TO COME.TO BE AN EXCITING ARTS ORGANIZATION AND THE "PLACE TO BE" FOR THE MOST TALENTED DANCERS, CHOREOGRAPHERS, MUSICIANS, COMPOSERS, ARTISTS, DESIGNERS, STAFF AND VOLUNTEERS.TO BE AN INSTRUMENT OF HOPE, HEALING AND JOY, SHARING THE GIFT OF DANCE WITH THE BROADEST POSSIBLE AUDIENCE AND IN PARTICULAR, DISTRESSED COMMUNITIES. 0 0 2361516 0 1326831 SEASON 11, 2016/2017 CONSISTED OF 3 PRODUCTIONS: MODERNISTS, THE NUTCRACKER, AND BALANCHINE-MASTER OF THE DANCE, FOR A TOTAL OF 20 PERFORMANCES ACROSS 4 VENUES IN LA COUNTY. LOS ANGELES BALLET'S ARTS EDUCATION OUTREACH PROGRAM POWER OF PERFORMANCE (POP!) CONTINUES TO PROVIDE 10% OF ALL TICKETS TO ALL PERFORMANCES, FREE OF CHARGE, TO THE UNDERSERVED IN THE COMMUNITY, OUR 50 POP! PARTNER SOCIAL SERVICE AGENCIES INCLUDED. A CHANCE TO DANCE CONTINUES TO OFFER FREE CLASSES, TAUGHT BY OUR PROFESSIONAL DANCERS. 2361516 1 1 0 0 0 0 0 0 0 0 1 0 0 1 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 33 0 9 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 17 11 1 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 0 0 0 CA X JULIE WHITTAKER 3104777411 11755 EXPOSITION BLVD LOS ANGELES CA 90064 AAGE THORDAL CHRISTENSEN ART DIRECTOR/BOARD CHAIRMAN 65.00 X X 69050 0 9448 COLLEEN NEARY ART DIRECTOR/TREASURER 65.00 X X 69050 0 9448 JULIE WHITTAKER EXECUTIVE DIRECTOR/SECRETARY 65.00 X X 61450 0 0 CATHERINE KANNER STAFF/BOARD MEMBER 40.00 X 41016 0 12633 ROBERTA K DAHL BOARD MEMBER 8.00 X 0 0 0 MARYANN GOLD BOARD MEMBER 1.00 X 0 0 0 GHADA IRANI BOARD MEMBER 1.00 X 0 0 0 DEBRA LUSTIG BOARD MEMBER 1.00 X 0 0 0 JENNIFER BELLAH MAGUIRE BOARD MEMBER 2.00 X 0 0 0 TAMAR MANOUKIAN BOARD MEMBER 1.00 X 0 0 0 BARI MILKEN BERNSTEIN BOARD MEMBER 2.00 X 0 0 0 LORI MILKEN BOARD MEMBER 2.00 X 0 0 0 DR JAMES MURRAY BOARD MEMBER 1.00 X 0 0 0 VICKI NEUMAN BOARD MEMBER 1.00 X 0 0 0 RACHEL MALKENHORST DIRECTOR OF DEVELOPMENT 60.00 X X 70250 0 2880 JULIA RIVERA AUDIENCE DEVELOPMENT DIRECTOR 40.00 X X 61450 0 7164 JOHNESE SPISSO BOARD MEMBER 1.00 X 0 0 0 372266 0 41573 0 0 0 0 0 866987 720783 1587770 PERFORMANCE REVENUE 711120 1326831 1326831 1326831 99345 0 99345 99345 99345 184296 866987 261096 -76800 -76800 2937146 1326831 0 22545 220000 152000 36000 32000 748984 611817 40391 96776 100161 81673 6613 11875 91599 73239 6717 11643 19553 19553 1300 1300 232729 219917 12812 39543 13181 13181 13181 27502 20952 2202 4348 33590 33590 227760 75920 75920 75920 4401 4401 23591 23591 40388 37526 1431 1431 139871 118055 10908 10908 PRODUCTION 797298 797298 GUEST ARTISTS, OTEHR DA 104169 104169 CREDIT CARD SERVICE CHA 44944 36202 8742 SETTLEMENT 34000 34000 -5960 -19724 13764 2925423 2361516 270507 293400 15124 56796 882 112 0 10000 11738 11976 408791 287053 161156 121738 18495 23474 207395 224096 524508 316793 79625 105207 183095 99390 58374 329190 845602 850580 X -645401 -671678 7194 45194 -638207 -626484 207395 224096 11723 0 X X 0 1 X 1 0 X 1129400 1971231 1625309 1725472 1587770 8039182 1129400 1971231 1625309 1725472 1587770 8039182 1952124 6087058 99508 101002 97292 97825 99345 494972 8534154 7332527 0.71330 0.68270 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 36764 15326 21438 282572 239184 43388 89455 32543 56912 121738 RENT DEPOSIT 4500 PREPAIDS - ROYCE DEPOSIT 6000 PREPAIDS - THEATER DIRECT DEPOSIT 9000 PREPAIDS - IPFS PMT MADE EARLY 3974 23474 X 3149220 212074 212074 2937146 0 2937146 3137497 212074 212074 2925423 0 2925423 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. THE RETURNS ARE SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES GENERALLY THREE AND FOUR YEARS, RESPECTIVELY, AFTER THEY ARE FILED. GALA-DINNER 928105 824527 103578 37703 130422 8673 36853 40113 NUT TEA 71837 42460 29377 25675 537 2108 999942 866987 132955 37703 130422 34348 37390 42221 282084 -149129 LOS ANGELES BALLET CENTER (DBA LOS ANGELES BALLET SCHOOL) ARTISTIC DIRECTORS & EXECUTIVE DIRECTOR JOINTLY OWN BALLET SCHOOL OPERATING CASH X 50000 99390 0 1 0 MILKEN FAMILY FOUNDATION BOARD MEMBER OPERATING CASH X 200000 125000 0 1 1 224390 LOS ANGELES BALLET CENTER LABS ARTISTIC AND EXECUTIVE DIRECTOR OWNS THE LOS ANGELES BALLET SCHOOL 90500 RENTAL SUBLEASE 0 X AUCTION ITEMS 43 37703 FMV 0 0 0 FORM 990, PART VI, SECTION B, LINES 13 AND 14: THE ORGANIZATION IS IN PROCESS OF DRAFTING AND ADOPTING A DOCUMENT RETENTION AND DESTRUCTION POLICY. 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 MR. CHRISTENSEN, MS. NEARY AND JULIE WHITTAKER (EXECUTIVE DIRECTOR AND BOARD MEMBER) ARE CO-OWNERS OF LOS ANGELES BALLET SCHOOL. 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 A COMPLETE COPY OF THE 990 IS PROVIDED TO BOARD MEMBERS FOR REVIEW AND APPROVAL PRIOR TO FILING. 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.