2017-05-15T17:08:04-05:00 2016-06-30 410746749 CLIFTONLARSONALLEN LLP 301 N LAKE AVE SUITE 900 PASADENA CA 91101 990 2015-07-01 201819852 LOS ANGELES BALLET INC LOSA 3104888890 11755 EXPOSITION BLVD LOS ANGELES CA 90064 THORDAL CHRISTENSEN PRESIDENT 3104888890 2017-05-15 1 ALAN HARRISON P00157337 6267933600 2017-05-11 2015 2021-01-29 14:40:06Z JULIE WHITTAKER 11755 EXPOSITION BLVD LOS ANGELES CA 90064 3288915 0 X WWW.LOSANGELESBALLET.ORG X 2004 CA TO PERFORM OUTSTANDING CLASSICAL AND MODERN BALLETS THAT SET THE STANDARD FOR DANCE IN LOS ANGELES. 15 11 55 43 0 0 1625309 1572404 1731469 1580646 0 0 102405 -31932 3459183 3121118 0 0 0 0 1399271 1383739 0 0 308742 2418736 2288716 3818007 3672455 -358824 -551337 312853 207395 399723 845602 -86870 -638207 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.TO DEVELOP AND STRENGTHEN LOS ANGELES BALLET'S FINANCIAL AND ORGANIZATIONAL FOUNDATION.TO CAPTIVATE LOS ANGELES' LARGE AND DIVERSE AUDIENCE WHO WILL BECOME DEVOTED, SUPPORTIVE PATRONS. 0 0 3133699 0 1580646 LOS ANGELES BALLET'S 2015/2016 SEASON WAS THE COMPANY'S MILESTONE 10TH YEAR. FOUR BLOCKBUSTER STORY CLASSICAL BALLETS WERE PRESENTED: GISELLE, THE NUTCRACKER, DON QUIXOTE, AND ROMEO AND JULIET, FOR A TOTAL OF 28 PERFORMANCES IN 5 VENUES ACROSS LA COUNTY. LOS ANGELES BALLET'S OUTREACH PROGRAMS, POWER OF PERFORMANCE (POP!) AND A CHANCE TO DANCE (ACTD) CONTINUED TO PROVIDE SERVICES TO LA COUNTY'S UNDERSERVED POPULATIONS. TO DATE, POP! HAS PROVIDED 166,000 FREE TICKETS TO THE CONSTITUENTS OF 56 SOCIAL SERVICE AGENCIES. 3133699 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 0 0 0 0 0 0 0 0 0 1 27 0 55 1 0 0 0 0 0 1 1 0 0 0 0 X 15 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 3104888890 11755 EXPOSITION BLVD LOS ANGELES CA 90064 AAGE THORDAL CHRISTENSEN ART DIRECTOR/PRESIDENT 65.00 X X 60000 0 8448 COLLEEN NEARY ART DIRECTOR/SECRETARY 65.00 X X 60000 0 8448 JULIE WHITTAKER EXECUTIVE DIRECTOR 65.00 X X 60000 0 0 CATHERINE KANNER DESIGN DIRECTOR 60.00 X 40000 0 6316 ROBERTA K DAHL BOARD MEMBER 2.00 X 0 0 0 MARYANN GOLD BOARD MEMBER 1.00 X 0 0 0 GHADA IRANI BOARD MEMBER 1.00 X 0 0 0 DINA LEEDS BOARD MEMBER 1.00 X 0 0 0 DEBRA LUSTIG BOARD MEMBER 1.00 X 0 0 0 JENNIFER BELLAH MAGUIRE BOARD MEMBER 1.00 X 0 0 0 TAMAR MANOUKIAN BOARD MEMBER 0.50 X 0 0 0 BARI MILKEN BERNSTEIN BOARD MEMBER 1.00 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 220000 0 23212 0 0 0 0 0 709315 863089 1572404 PERFORMANCE REVENUE 711120 1580646 1580646 1580646 97605 0 97605 97605 97605 38260 709315 167797 -129537 -129537 3121118 1580646 0 -31932 240000 151000 40200 48800 929728 778007 51702 100019 100857 68391 13830 18636 113154 91752 7940 13462 17260 17260 3990 3990 277615 259932 17683 44202 14734 14734 14734 38877 33942 2692 2243 48058 48058 876129 741529 67300 67300 41738 41738 2138 2138 47204 44342 1431 1431 134825 112692 10787 11346 PRODUCTION COSTS 608905 608905 GUEST ARTISTS, DANCERS 106314 106314 CC SERVICE CHARGES 37790 28373 9417 MARKETING & FUNDRAISING 3671 3671 3672455 3133699 230014 308742 36054 15124 4247 882 26500 0 41557 11738 407819 246663 199995 161156 4500 18495 312853 207395 314859 524508 934 79625 71371 183095 12559 58374 399723 845602 X -114865 -645401 27995 7194 -86870 -638207 312853 207395 -551337 0 X X 0 1 X 1 0 X 1109360 1129400 1971231 1625309 1725472 7560772 1109360 1129400 1971231 1625309 1725472 7560772 2061312 5499460 98712 99508 101002 97292 97825 494339 8055111 7129969 0.68270 0.65710 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 36763 12134 24629 281601 213208 68393 89455 21321 68134 161156 RENT DEPOSIT 18495 18495 X 3306118 185000 185000 3121118 0 3121118 3857455 185000 185000 3672455 0 3672455 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 701155 689305 11850 19567 37469 91922 NUT TEA 46420 20010 26410 17500 1339 747575 709315 38260 19567 54969 93261 167797 -129537 DINA LEEDS BOARD MEMBER OPERATING CASH X 33000 33000 0 1 1 LOS ANGELES BALLET CENTER (DBA LOS ANGELES BALLET SCHOOL) ARTISTIC DIRECTORS & EXECUTIVE DIRECTOR JOINTLY OWN BALLET SCHOOL OPERATING CASH X 50000 117094 0 1 0 DR JAMES MURRAY BAORD MEMBER OPERATING CASH X 15000 15000 0 1 1 LORI MILKEN BAORD MEMBER OPERATING CASH X 18001 18001 0 1 1 183095 LOS ANGELES BALLET SCHOOL LABS ARTISTIC AND EXECUTIVE DIRECTOR OWNS THE LOS ANGELES BALLET SCHOOL 90000 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 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 11 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 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 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.