Olympic Ballet Theatre

Tax-deductible

Edmonds, WA501(c)(3)EIN 23-7150349Revenue $416K in FY2025

On file with the IRSolympicballet.com700 Main St, 98020-3032 · Edmonds, WATax-exempt since May 1972Publicly supported — 509(a)(2)

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Our mission is to develop, sustain, and provide professional dance to public and school audiences in the Puget Sound area, to promote dance as a creative performing art, and to engage the widest possible audience with a stimulating repertoire of classical, contemporary, and dramatic ballet

501(c)(3) charity; gifts are tax-deductible.
75¢ of each $1 spent went to programs.
Run by 125 volunteers and 2 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 4
filings with a surplus
Average deficit $28K a year · 7% of revenue · last 4 filings
Concern: a surplus in 1 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
75%
of spending
Fine: 75% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$26K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $17K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$29K
12% of total assets
Looks good: liabilities are 12% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 11 voting members
Looks good: 9 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$416K
+10% vs prior year
Spent
$425K
To programs
75%
Net assets
$210K
By yearFY2021–FY2025
Revenue
$416K
FY2025▲ +10%
Tap a bar for its year
Revenue by fiscal year
FY2021$156K
FY2022$333K
FY2023$447K
FY2024$377K
FY2025$416K
Expenses
$425K
FY2025▼ -6%
Tap a bar for its year
Expenses by fiscal year
FY2021Not on file
FY2022$386K
FY2023$420K
FY2024$453K
FY2025$425K
Net assets
$210K
FY2025▼ -4%
Tap a bar for its year
Net assets by fiscal year
FY2021$336K
FY2022$268K
FY2023$295K
FY2024$219K
FY2025$210K

From the FY2025 Form 990 (year ending August 2025) · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1972.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $318K Management & general 25% · $107K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

12 people listed on the 990; $26K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Co-Artistic Director
$13,200Pt VII · Sec A
Co-Artistic Director
$13,200Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022
Oleg Gorboulev$13,200$13,200$13,200$13,200
Mara Vinson$13,200$13,200$13,200$13,200

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Brings professional dance performances and educational programs to Puget Sound audiences.

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Provided by the organization

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3 programs · $254K · in their own filed words · FY2024
01

Nutcracker Ballet

consists of shows in the Puget Sound area including shows to the public and to school audiences.

$138Kprogram expense
02

Spring Show

Consists of a full-length production of 'Coppelia' presented to public audiences in the Puget Sound area

$62Kprogram expense
03

Summer Program Consists of traditional and new ballet and dance pieces by guest choreographers that showcase Olympic Ballet Theatre's company dancers as well as up and coming talent from Olympic Ballet School's Summer Intensive training program.

$54Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$17K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$416K
Ln 12
Fees for servicesLn 2g$305K
Gifts and grantsLn 1h$101K
Other incomeLn 4–11$10K
Money outPt IX
$425K
Ln 25
Programscol B$318K
Managementcol C$107K
Owns and owesPt X
$210K
net assets · Ln 32
Cash and savingsLn 1–2$113K
Total assetsLn 16$240K
LiabilitiesLn 26$29K
PeoplePt VI, VII
12
listed · VII A
PaidVII A2
Voting boardVI 1a11
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$101K
Government grantsLn 1e$5K
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$56K
Fees for servicesLn 2g$305K
Investment incomeLn 3$880
Other incomeLn 4–11$10K
Gains on assetsLn 7$0
Total revenueLn 12$416K
Assets in detailPt X, end of year
CashLn 1$12K
SavingsLn 2$101K
Cash and savings togetherLn 1–2$113K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$107K
Other assetsLn 15$0
Total assetsLn 16$240K
LiabilitiesLn 26$29K
Net assetsLn 32$210K
OperationsPt I, VI
EmployeesI 52
VolunteersI 6125
Fiscal year endsHeaderAugust
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$58K$113K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$143K$107K
Total assetsLn 16$232K$240K
LiabilitiesLn 26$13K$29K
Net assetsLn 32$219K$210K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0$0
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$0$0$0$0
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$46K$5K$40K$0
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$7K$0$7K$0
Payroll taxesLn 10$7K$3K$4K$0
Management feesLn 11a$26K$0$26K$0
Legal feesLn 11b$0$0$0$0
Accounting feesLn 11c$0$0$0$0
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$0$0$0$0
Other fees for servicesLn 11g$136K$136K$0$0
Advertising and promotionLn 12$20K$1K$19K$0
Office expensesLn 13$28K$22K$6K$0
Information technologyLn 14$2K$0$2K$0
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$98K$98K$0$0
TravelLn 17$0$0$0$0
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$0$0$0$0
InterestLn 20$0$0$0$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$41K$41K$0$0
InsuranceLn 23$1K$0$1K$0
Other expenses (24a–d)Ln 24$13K$12K$1K$0
All other expensesLn 24e$453$0$453$0
Total functional expensesLn 25$425K$318K$107K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $416K$425K−$8K$210K 990 PDF
FY2024 $377K$453K−$76K$219K 990 PDF
FY2023 $447K$420K$27K$295K 990 PDF
FY2022 $333K$386K−$53K$268K 990 PDF
FY2021 $156K$336K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $416,436 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $89,317$100,557
I-9 Program service revenuePrior year $266,224$304,987
I-10 Investment incomePrior year $1,650$880
I-11 Other revenuePrior year $19,893$10,012
I-12 Total revenuePrior year $377,084$416,436
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $77,276$58,909
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $375,562$366,001
I-18 Total expensesPrior year $452,838$424,910
I-19 Revenue less expensesPrior year −$75,754−$8,474
Part VI · Governance 9 of 11 board members independent, 4 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members9
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $416,436 across 16 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$55,779
VIII-1d Related organizations$0
VIII-1e Government grants$4,540
VIII-1f All other contributions, gifts and grants$40,238
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$100,557
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $304,987 · Unrelated business $0 · Excluded from tax $0$304,987
VIII-3 Investment incomeRelated to mission $880 · Unrelated business $0 · Excluded from tax $0$880
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $10,012 · Unrelated business $0 · Excluded from tax $0$10,012
VIII-12 Total revenueRelated to mission $315,879 · Unrelated business $0 · Excluded from tax $0$416,436
Part IX · Statement of functional expenses $424,910 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $0 · Fundraising $0$0
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $5,300 · Management $40,268 · Fundraising $0$45,568
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $0 · Management $6,550 · Fundraising $0$6,550
IX-10 Payroll taxesPrograms $2,600 · Management $4,191 · Fundraising $0$6,791
IX-11a Management feesPrograms $0 · Management $26,400 · Fundraising $0$26,400
IX-11b Legal feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11c Accounting feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11g Other fees for servicesPrograms $135,773 · Management $0 · Fundraising $0$135,773
IX-12 Advertising and promotionPrograms $1,199 · Management $18,983 · Fundraising $0$20,182
IX-13 Office expensesPrograms $22,057 · Management $5,855 · Fundraising $0$27,912
IX-14 Information technologyPrograms $0 · Management $1,608 · Fundraising $0$1,608
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $97,901 · Management $0 · Fundraising $0$97,901
IX-17 TravelPrograms $0 · Management $0 · Fundraising $0$0
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $0 · Fundraising $0$0
IX-20 InterestPrograms $0 · Management $0 · Fundraising $0$0
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $41,311 · Management $0 · Fundraising $0$41,311
IX-23 InsurancePrograms $0 · Management $1,089 · Fundraising $0$1,089
IX-24 Other expenses (24a–d)Programs $12,127 · Management $1,245 · Fundraising $0$13,372
IX-24e All other expensesPrograms $0 · Management $453 · Fundraising $0$453
IX-25 Total functional expensesPrograms $318,268 · Management $106,642 · Fundraising $0$424,910
Part X · Balance sheet $239,692 assets, 21 lines filed
X-1 Cash, non-interest-bearingStart of year $12,610$11,575
X-2 Savings and temporary cash investmentsStart of year $45,615$101,495
X-3 Pledges and grants receivableStart of year $11,660$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $19,409$19,746
X-10c Land, buildings and equipment, netStart of year $142,826$106,876
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $232,120$239,692
X-17 Accounts payable and accrued expensesStart of year $2,637$26,768
X-18 Grants payable$0
X-19 Deferred revenueStart of year $10,585$2,500
X-20 Tax-exempt bond liabilities$0
X-24 Unsecured notes and loans payable$0
X-26 Total liabilitiesStart of year $13,222$29,268
X-32 Total net assets or fund balancesStart of year $218,898$210,424
X-33 Total liabilities and net assetsStart of year $232,120$239,692
Part XI · Reconciliation of net assets $210,424 net assets at year end
XI-1 Total revenue$416,436
XI-2 Total expenses$424,910
XI-3 Revenue less expenses−$8,474
XI-4 Net assets at start of year$218,898
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$210,424

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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