Petipa Heritage Foundation

Tax-deductible

Saratoga, CA501(c)(3)Arts & CultureEIN 88-1992483

The Petipa Heritage Foundations mission is to preserve, reimagine and share the choreographic works of Marius Petipa and other ballet classics for generations of modern audiences; to support, educate, sponsor, and nurture artistic potential; and to recognize outstanding contributors to the art of ballet.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
$20K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990-EZIndependent: 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
FY2023
latest Form 990-EZ
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$20K
to officers and key staff · 6% of spending
Top officer’s pay higher than 69% of similar orgs
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.6 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $41K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$100K
217% of total assets
Concern: liabilities are 217% of assets; over 80%.
Pt X · Ln 26
Independent board members
0
of 6 voting members
Concern: none of 6 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$210K
+110% vs prior year
Spent
$350K
To programs
100%
Net assets
$86K
By yearFY2022–FY2023
Revenue
$210K
FY2023▲ +110%
Revenue by fiscal year
FY2022$100K
FY2023$210K
Net assets
$86K
FY20230%
Net assets by fiscal year
FY2022$86K
FY2023$86K

From the FY2023 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023. IRS ruling in Oct 2022.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $350K

Form 990 Part IX, line 25. Every line is in By the numbers.

Who runs it and what they're paid

12 people listed on the 990-EZ; $20K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Dir.
$18,873Pt VII · Sec A
$1,425Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Yelena Panchenko’s $19K as Executive Dir. is at the 69th percentile of top reported officer pay among 250 <$100K arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

See Petipa Heritage Foundation executive salaries →

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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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Preserves, reimagines, and shares classic ballet works while nurturing artistic talent.

Provided by the organization

This section is blank until Petipa Heritage Foundation claims this page.

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1 program service account for $350K of program spending, described in the organization's own filed words · FY2023.
01

Established the Petipa Award to recognize exceptional talent and dedication to the preservation of classical ballet.Organized the inaugural Petipa Award Gala in San Francisco, which featured top ballet dancers from world renowned companies alongside aspiring local youth.

$350Kprogram expense

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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 · FY2023
X&w FoundationFY2023$15K
Total grants receivedfrom 4 funders$41K
See all 4 funders →

By the numbers

The FY2023 990-EZ, line by line.

1The main four
Money in
$210K
Gifts and grants$210K
Money out
$350K
Programs$350K
Owns and owes
$86K
net assets
Cash and savings$46K
Total assets$46K
Liabilities$100K
People
12
listed
Paid2
Voting board6
Independent0
2In more detail
Revenue in detail
Gifts and grants$210K
Total revenue$210K
Assets in detailEnd of year
Cash and savings together$46K
Total assets$46K
Liabilities$100K
Net assets$86K
Operations
Employees0
Fiscal year endsDecember
Conflict-of-interest policyNo
Whistleblower policyNo
Records policyNo

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest Viewing $210K$350K−$140K$86K 990 PDF
FY2022 $100K$86K 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

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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