2011-05-02T16:03:50-05:00 2010-06-30 EIDE BAILLY LLP 1601 NW EXPRESSWAY SUITE 1900 OKLAHOMA CITY OK 73118 990 2009-07-01 237003520 Ballet Oklahoma Inc BALL 4058439898 7421 N Classen Oklahoma City OK 73116 John Krasno 4058439898 2011-04-25 1 Carolyn Levings 4054783334 2011-04-25 2009 2016-02-24 21:20:13Z Oklahoma City Ballet John Krasno 7421 N Classen Oklahoma City OK 73116 1579206 0 X www.okcballet.com X 1969 OK Ballet production and promotion 20 19 70 50 0 0 854463 743596 677603 705107 272094 12994 -19110 27578 1785050 1489275 0 0 475811 784653 0 0 849510 1065789 1325321 1850442 459729 -361167 758732 420768 72206 95409 686526 325359 To be a dance company nationally recognized for excellence in artistic diversity and as a unique leader in community partnership and outreach. 0 0 1560995 487227 Operated a professional ballet company that presented four major dance productions and one touring performance during the year. Approximately 16,000 persons attended these performances. 32930 160546 Operated a school of ballet for professional and pre-professional students, children and non-professional adults. Total enrollment was approximately 150 students. 1593925 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 1 0 0 1 0 0 0 0 0 0 0 0 1 44 0 1 70 1 0 0 0 0 0 1 1 0 0 0 0 0 20 19 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 1 0 OK X John Krasno Executive Director 4058439898 7421 N Classen Oklahoma City OK 73116 Diana Hampton 4.00 X X 0 0 0 Randy Foraker 2.00 X X 0 0 0 Stephanie Singer 2.00 X 0 0 0 John Ainsworth 1.00 X 0 0 0 Paul Brinkman 1.00 X 0 0 0 Robin Byford 1.00 X 0 0 0 Sam Cole 1.00 X 0 0 0 Sara Lee Gossett Parrish 1.00 X 0 0 0 Seyan Hefner 1.00 X 0 0 0 Kittye Little 1.00 X 0 0 0 Rachel Malone 2.00 X X 0 0 0 Mary Anne McCaffree 1.00 X 0 0 0 David McNatt 2.00 X 0 0 0 Karen Meites 1.00 X 0 0 0 Gene L Muse 1.00 X 0 0 0 Suzanne Reynolds 1.00 X 0 0 0 Robert Windsor 1.00 X 0 0 0 Robert Mills 40.00 X 49230 0 0 John Krasno 40.00 X 22564 0 0 Sandra Kirk 2.00 X 0 0 0 Phil Clayton 2.00 X 0 0 0 Kathy Kunc 2.00 X 0 0 0 Charles Thornton 1.00 X 0 0 0 71794 0 0 0 0 0 0 0 115468 628128 89064 743596 Ticket Sales 711190 487227 487227 Tuition Fees 711190 160546 160546 Touring Income 711190 25000 25000 Advertising Revenues 511190 22219 22219 School Events 711190 10115 10115 705107 10704 10704 2955 2955 2955 2955 2290 2290 2290 2290 73086 71045 2041 2041 27339 18886 8453 8453 Misc. Income 900099 14129 14129 14129 1489275 732934 0 12745 98526 49519 49007 569487 471895 97592 56443 41566 14877 60197 37200 22997 17000 17000 29099 29099 257824 257824 46708 14359 32349 2143 2143 188821 179979 8842 52492 33515 18977 1395 1395 704 704 21574 21574 19224 19224 Production Costs 390268 390268 Repairs & Maint. 29199 28804 395 Gen.and Admin. 9338 9338 1850442 1593925 256517 0 495 323603 165301 307233 112646 680 60 5253 3018 25123 20235 663639 579264 61212 84375 35133 35133 758732 420768 19518 50581 52688 44828 72206 95409 X 424931 282759 236595 42600 25000 0 686526 325359 758732 420768 X 0 1 1 X 0 X 507129 412971 429937 488400 654532 2492969 618551 598673 534813 649749 672773 3074559 1125680 1011644 964750 1138149 1327305 5567528 0 171000 444172 615172 171000 444172 615172 4952356 23519 24882 16870 273594 15949 354814 23519 24882 16870 273594 15949 354814 53805 7343 19500 7244 14129 102021 1203004 1043869 1001120 1418987 1357383 6024363 0.82210 0.91450 0.05890 0.05930 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 663639 579264 84375 84375 Beneficial interest in assets 35133 F 35133 1489275 1850442 -361167 0 -361167 1849231 270025 270025 1579206 -89931 -89931 1489275 2210398 270025 89931 359956 1850442 0 1850442 Part X: Description of Uncertain Tax Positions Under FIN 48: Ballet has adopted the provisions of FASB Accounting Standards Codification Topic ASC 740-10 (previously Financial Interpretation No. 48, Accounting for Uncertainty in Income Taxes), on July 1, 2009. The implementation of this standard had no impact on the financial statements. As of both the date of adoption, and as of June 30, 2010, the unrecognized tax benefit accrual was zero. Part XII, Line 4b - Other Adjustments: Less Inventory expense shown in expenses on financial statements: -18886. Less Fundraising expense shown in expenses on financial statements: -71045. Part XIII, Line 2d - Other Adjustments: Inventory expense shown in expenses on financial statements: 18886. Fundraising expense shown in expenses on financial statements: 71045. Annual Gala 73086 73086 71045 73086 73086 71045 71045 2041 Robert Mills Advance X 1180 60 0 0 0 60 ShowBiz Dancewear Boutique Owned by Trustee Robert Windsor 20560 Purchases of ballet shoes. 0 X Annual Gala 78 72234 FMV X Various 6 9926 FMV X Produc. Equip. 1 6904 FMV 0 0 0 Form 990, Part VI, Section A, line 4 The bylaws had not been revised in more than a decade and it was updated for electronic media, increased board financial commitments, and dropped its membership structure. Form 990, Part VI, Section B, line 11 A copy of the Form 990 will be reviewed by the Treasurer and Executive Director. It will then be presented to the Board of Directors at the next meeting. Form 990, Part VI, Section B, line 12c Trustees, officers and key employees are covered by the policy. The Executive committee annually determines whether any conflicts exist, reviews any actual conflicts and prohibits the respective person from participating in any actions involving the conflict. Form 990, Part VI, Section B, line 15 Compensation of the Artistic Director and the Executive Director is determined by the Executive Committee based on the compensation levels of similar artistic organizations in the community and budget constraints. Form 990, Part VI, Section C, line 18 Form 990 is available for public inspection upon request. Form 990, Part VI, Section C, line 19 The organization does not make its governing documents or financial statements available to the public.