INTERNATIONAL BALLET THEATRE

EIN: 260021534 501(c)(3) Arts, Culture & Humanities

BELLEVUE, WA

Total Revenue
$545,536
Total Expenses
$480,133
Total Assets
$38,100
Net Assets
$11,119
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
WA
Principal Officer
VERA ALTUNINA
Phone
4258227694
Tax Period
2024-01-01 to 2024-12-31

INTERNATIONAL BALLET THEATRE, founded in 2001, is a small nonprofit in the Arts, Culture & Humanities sector that reported $546K in total revenue in fiscal year 2024. Revenue surged 64% from the prior year, signaling strong growth momentum. Expenses of $480K left a modest 12% surplus.

Mission

TRAIN YOUNG ARTISTS TO PRESENT THEIR TALENTS IN CLASSICAL BALLET AND DANCE. PROMOTE THE PRESENTATION OF CLASSICAL BALLET TO THE GENERAL PUBLIC

Program Service Accomplishments

Program 1
Expenses: $121,107 Revenue: $261,586

DECEMBER 6-DECEMBER 8, 2024 THEN, DECEMBER 13-DECEMBER 15,2024, THEN DECEMBER 20-DECEMBER 23-2024 PRODUCTION OF "THE NUTCRAKCER" 14 SHOWS AT THE MEYDENBAUER THEATRE WHERE 85 YOUNG ARTISTS WITH THE...

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DECEMBER 6-DECEMBER 8, 2024 THEN, DECEMBER 13-DECEMBER 15,2024, THEN DECEMBER 20-DECEMBER 23-2024 PRODUCTION OF "THE NUTCRAKCER" 14 SHOWS AT THE MEYDENBAUER THEATRE WHERE 85 YOUNG ARTISTS WITH THE HELP OF THE 6 GUEST ARTISTS,AMD 113 VOLUNTEERS DELIGHTED AN AUDIENCE OF 4,267 WHO ATTENEDED, 4,131 TICKETS WERE SOLD AND 136 COMPLIMENTARY TICKETS WERE GIVEN.

Program 2
Expenses: $62,733 Revenue: $62,348

OCTOBER 26 TO OCTOBER 27, 2024. PRODUCTION OF "DRACULA" 3 SHOWS AT THE MEYDENBAUER THEATRE, 11100 NE 6TH STREET, BELLEVUE WA 98004 WHERE 35 YOUNG ARTISTS WITH THE HELP OF 43 VOLUNTEERS AND 6 GUEST...

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OCTOBER 26 TO OCTOBER 27, 2024. PRODUCTION OF "DRACULA" 3 SHOWS AT THE MEYDENBAUER THEATRE, 11100 NE 6TH STREET, BELLEVUE WA 98004 WHERE 35 YOUNG ARTISTS WITH THE HELP OF 43 VOLUNTEERS AND 6 GUEST ARTISTS DELIGHTED A STUNNED AUDIENCE. 1,166 TICKETS WERE SOLD,65 COMPLIMENTARY TICKETS WERE GIVEN AND 1,231 WERE IN ATTENDANCE.

Program 3
Expenses: $59,609 Revenue: $43,018

MAY 4, TO MAY 5, 2024- PRODUCTION OF "GISELLE" 2 SHOWS AT THE MEYDENBAUER THEATRE, 11100 NE 6TH STREET, BELLEVUE WA 98004 WHERE 45 YOUNG ARTISTS WITH THE HELP OF 3 GUEST ARTISTS AND 27 VOLUNTEER...

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MAY 4, TO MAY 5, 2024- PRODUCTION OF "GISELLE" 2 SHOWS AT THE MEYDENBAUER THEATRE, 11100 NE 6TH STREET, BELLEVUE WA 98004 WHERE 45 YOUNG ARTISTS WITH THE HELP OF 3 GUEST ARTISTS AND 27 VOLUNTEER, DELIGHTED AN AUDIENCE OF 666 WHO ATTENDED. 616 TICKETS WERE SOLD AND 50 COMPLIEMENTARY TICKETS WERE GIVEN

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $35,263
Program Service Revenue $479,543
Investment Income $0
Other Revenue $30,730
TOTAL REVENUE $545,536

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $53,116
Program Expenses $302,388
Other Expenses $480,133
TOTAL EXPENSES $480,133

Year-over-Year Comparison

2024 2023 Change
Revenue $545,536 $332,913 +0.6%
Expenses $480,133 $521,558 -0.1%
Net Income $65,403 $-188,645 -1.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
0
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
VERA ALTUNINA EXEC CHAIRMAN/PRODUCER 30.00
Director
$0 $0 $0
ANATOLI KUCHER CHAIRMAN/ARTISTIC DIRECTOR 40.00
Director
$0 $0 $0
ANYA ELKUN ADVISORY BOARD MEMBER 3.00
Director
$0 $0 $0
BAMBO SOFOLA ADVISORY BOARD MEMBER 1.00
Director
$0 $0 $0
JARED NIEUWENHUIS ADVISORY BOARD MEMBER 5.00
Director
$0 $0 $0
JOE OLLIS ADVISORY BOARD MEMBER 2.00
Director
$0 $0 $0
RUSS PLENKIN ADVISORY BOARD MEMBER 2.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $545,536 $480,133 $38,100 $65,403
2023 $332,913 $521,558 $12,216 $-188,645
2022 $787,771 $771,191 $139,928 $16,580
2021 $242,100 $187,746 $117,781 $54,354
2020 $140,320 $165,804 $63,427 $-25,484
2019 $393,127 $376,435 $110,497 $16,692
2018 $351,659 $280,826 $73,905 $70,833
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