Ballet Texas FY2021 filing

EIN 83-1794121 Public charity (501(c)(3)) Live Oak, TX

Form 990 (PDF)

You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

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Size

<$100K

What they do

Presents innovative, professional ballet productions enriching the community for all ages.

Leadership

Farrah Olson · 11509 Lone Shadow Trail

Money in and out

$79K revenue

Bottom line

0% surplus margin

Presents innovative, professional ballet productions enriching the community for all ages. For fiscal year 2021 it reported $79K in revenue, — in expenses, and $-144 in net assets.Pt I

Where the money goes · FY2021

Total revenue

$79K

Pt VIII · Ln 12

Total expenses

—

Pt IX · Ln 25

Net assets

$-144

Pt X · Ln 32

Surplus margin

revenue over expenses, this year

Goes to people

16%

of spending is salaries & benefits

Summary of the Filing

Part I · fiscal year 2021 · Form 990-EZ

Revenue

$79K

FY2021

Expenses

—

FY2021

Total assets

—

FY2021

Total liabilities

—

FY2021

Total revenue

$79K

Pt VIII · Ln 12

Total expenses

—

Pt IX · Ln 25

Net assets

$-144

Pt X · Ln 32

Revenue less expensesPt I · Ln 19—

Total assetsPt X · Ln 16—

Program-expense ratioPt IX · col B—

Voting members of governing bodyPt I · Ln 3pending

Independent voting membersPt I · Ln 4pending

Identity & Classification

Form 990 Header · IRS Business Master File

Legal nameHdr · item CBallet Texas

EINHdr · item D83-1794121

Principal addressHdr · item CLive Oak, TX

WebsiteHdr · item Jnone reported

Year of formationHdr · item Lpending

State of legal domicileHdr · item MTX

Exempt statusHdr · item I501(c)(3) · active

NTEE classificationIRS BMFArts & Culture (A62)

Ruling yearIRS BMFOct 2018

Governance & Policies

Part VI

Voting members of the governing bodyPt VI · Ln 1apending

Independent voting membersPt VI · Ln 1bpending

Conflict-of-interest policyPt VI · Ln 12a—

Whistleblower policyPt VI · Ln 13—

Document retention policyPt VI · Ln 14—

CEO/top-official compensation independently reviewedPt VI · Ln 15a—

Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation

Farrah Olson

11509 Lone Shadow Trail

$0Pt VII · Sec A

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Statement of Revenue

Part VIII

Other revenue100%$79K

Total revenueLn 12$79K

Balance Sheet

Part X · end of year

CashLn 1—

Total assetsLn 16—

Total liabilitiesLn 26—

Total net assetsLn 32$-144

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it

Liquidity & Payout

Operating runway

Highly liquid reserves — · Operating expenses/yr $79K

Highly liquid reserves (cash & marketable securities on Pt X) ÷ monthly operating expenses (Pt IX total, less non-cash grants & depreciation when reported).

Where the money goes

Program services

not reported

Management & General

not reported

Fundraising

not reported

Cost to raise $1

not reported

Where the money comes from

Contribution dependence

Contributions & grants — · Total revenue $79K

—

Government reliance

not reported

Earned-income share

Program service revenue $79K · Total revenue $79K

100%

Investment reliance

Investment income — · Total revenue $79K

—

Program self-sufficiency

Program service revenue $79K · Total expenses $79K

100%

Growth & trend

Revenue growth (YoY)

This year $79K · Prior year —

No prior year on file

Net-asset trend (YoY)

End of year $-144 · Beginning of year —

Beginning net assets not meaningfully positive — showing dollar change

Balance sheet

Surplus Margin

Revenue $79K · Expenses $79K

Liabilities-to-Assets

Total liabilities — · Total assets $0

—

Net-asset ratio

Net assets $-144 · Total assets $0

—

People & payroll

Highest Reported Total Compensation

Individual Farrah Olson · Reported title 11509 LONE SHADOW TRAIL · Highest reported compensation $0 · Total expenses $79K

Personnel share

Salaries & benefits $13K · Total expenses $79K

16%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown. Peer cohort: .

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Filings & Schedule Manifest

Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

FY2024 (Latest)$0 revenue · ⤓ 990 PDF

FY2023$227K revenue · ⤓ 990 PDF

FY2022$254K revenue · ⤓ 990 PDF

FY2021$79K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings

Form 990 e-file (XML) · FY2021IRS

Classification, formation year, addressIRS Business Master File

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