Hollywood Ballet FY2023 filing

Tax-deductible

Los Angeles, CA501(c)(3)Arts & CultureEIN 93-2018680Revenue $200K in FY2023

On file with the IRS3435 Wilshire Blvd Ste 1950, 90010-1934 · Los Angeles, CATax-exempt since Aug 2023Publicly supported charity — 170(b)(1)(A)(vi)

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The purpose of this organization is to serve and educate the community by providing exceptional Ballet performances, nurturing the next generation of dancers, and empowering others to become stronger artists.

501(c)(3) charity; gifts are tax-deductible.
75¢ of each $1 spent went to programs.
$21K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2023 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 2
filings with a surplus
Average surplus $13K a year · 9% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
75%
of spending
Looks good: 75% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$21K
to officers and key staff · 13% of spending
Looks good: pay to officers and key staff is 13% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $20K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 2 voting members
Concern: none of 2 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$200K
Spent
$161K
To programs
75%
Net assets
$39K
By yearFY2023–FY2024
Revenue
$200K
FY2023
Tap a bar for its year
Revenue by fiscal year
FY2023$200K
FY2024$96K
Expenses
$161K
FY2023
Tap a bar for its year
Expenses by fiscal year
FY2023$161K
FY2024$108K
Net assets
$39K
FY2023
Tap a bar for its year
Net assets by fiscal year
FY2023$39K
FY2024$26K

From the FY2023 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2023.

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% · $122K Management & general 25% · $39K

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

2 people listed on the 990; $21K paid to officers and key staff.

Part VII, Section A · reportable compensation
$11,800Pt VII · Sec A
$9,273Pt VII · Sec A

Eris Nezha’s $2K as CFO is at the 13th 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.

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

NameFY2024FY2023
Petra Conti$1,020$11,800
Eris Nezha$2,130$9,273

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

Programs and updates

Presents ballet performances, trains dancers, and strengthens artists in the community.

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Provided by the organization

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1 program · $122K · in their own filed words · FY2023
01

In 2023, the hollywood ballet held two performances of the nutcracker. The production included a full orchestra and featured over 60 performers, including guest dancers, actors, company artists, children, and apprentices.

$122Kprogram 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 3 funders$20K
See all 3 funders →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$200K
Ln 12
Gifts and grantsLn 1h$146K
Fees for servicesLn 2g$54K
Money outPt IX
$161K
Ln 25
Programscol B$122K
Managementcol C$39K
Owns and owesPt X
$39K
net assets · Ln 32
Cash and savingsLn 1–2$27K
Total assetsLn 16$39K
LiabilitiesLn 26$0
PeoplePt VI, VII
2
listed · VII A
PaidVII A2
Voting boardVI 1a2
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$146K
Fees for servicesLn 2g$54K
Total revenueLn 12$200K
Assets in detailPt X, end of year
CashLn 1$27K
Cash and savings togetherLn 1–2$27K
Land, buildings, equipmentLn 10c$12K
Total assetsLn 16$39K
LiabilitiesLn 26$0
Net assetsLn 32$39K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
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 FY23End FY23
Cash and savingsLn 1–2$27K
Land, buildings, equipmentLn 10c$12K
Total assetsLn 16$0$39K
LiabilitiesLn 26$0$0
Net assetsLn 32$0$39K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$21K$21K
Accounting feesLn 11c$300$300
Other fees for servicesLn 11g$63K$63K
Advertising and promotionLn 12$4K$763$3K
OccupancyLn 16$52K$52K
TravelLn 17$6K$6K
Depreciation, depletion and amortizationLn 22$633$633
InsuranceLn 23$552$552
Other expenses (24a–d)Ln 24$12K$5K$7K
All other expensesLn 24e$832$200$632
Total functional expensesLn 25$161K$122K$39K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $96K$108K−$13K$26K 990 PDF
FY2023 Viewing $200K$161K$39K$39K 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 FY2023 990 (6 parts)
Part I · Summary $200,172 revenue, 12 lines filed
I-8 Contributions and grants$146,486
I-9 Program service revenue$53,686
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenue$200,172
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$161,030
I-18 Total expenses$161,030
I-19 Revenue less expenses$39,142
Part VI · Governance 0 of 2 board members independent, 4 to look at
VI-1a Voting members of the governing body2
VI-1b Independent voting members0
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 payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $200,172 across 4 lines filed
VIII-1f All other contributions, gifts and grants$146,486
VIII-1h Total contributions, gifts and grants$146,486
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $53,686$53,686
VIII-12 Total revenueRelated to mission $53,686$200,172
Part IX · Statement of functional expenses $161,030 across 10 lines filed
IX-11a Management feesManagement $21,073$21,073
IX-11c Accounting feesManagement $300$300
IX-11g Other fees for servicesPrograms $63,266$63,266
IX-12 Advertising and promotionPrograms $763 · Management $3,434$4,197
IX-16 OccupancyPrograms $51,634$51,634
IX-17 TravelManagement $6,492$6,492
IX-22 Depreciation, depletion and amortizationManagement $633$633
IX-23 InsurancePrograms $552$552
IX-24 Other expenses (24a–d)Programs $5,139 · Management $6,912$12,051
IX-24e All other expensesPrograms $200 · Management $632$832
IX-25 Total functional expensesPrograms $121,554 · Management $39,476 · Fundraising $0$161,030
Part X · Balance sheet $39,142 assets, 7 lines filed
X-1 Cash, non-interest-bearing$26,679
X-10c Land, buildings and equipment, net$12,463
X-16 Total assetsStart of year $0$39,142
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictions$39,142
X-32 Total net assets or fund balancesStart of year $0$39,142
X-33 Total liabilities and net assetsStart of year $0$39,142
Part XI · Reconciliation of net assets $39,142 net assets at year end
XI-1 Total revenue$200,172
XI-2 Total expenses$161,030
XI-3 Revenue less expenses$39,142
XI-10 Net assets at end of year$39,142

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

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