Encinitas Ballet Academy and Arts Center

EIN: 300734546 501(c)(3) Arts, Culture & Humanities

Encinitas, CA

Total Revenue
$214,868
Total Expenses
$214,466
Total Assets
$402
Net Assets
$402
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
CA
Principal Officer
Sayat Asatryan
Phone
7606324947
Tax Period
2024-01-01 to 2024-12-31

Encinitas Ballet Academy and Arts Center, founded in 2012, is a small nonprofit in the Arts, Culture & Humanities sector that reported $215K in total revenue in fiscal year 2024.

Mission

To nurture young dancers by fostering self-confidence, individual style, artistic expression, and a lifelong appreciation for the art of ballet. Through discipline and correct leadership, we shape the leaders of tomorrow?young individuals with strong character, work ethic, and resilience. Encinitas Ballet also engages in educational outreach, bringing classical ballet to public and private schools to inspire and cultivate a deeper understanding and appreciation of ballet within our community. We offer ballet scholarships to talented students who lack the financial means to pursue high-quality arts education, ensuring that economic barriers do not stand in the way of artistic growth and opportunity.

Program Service Accomplishments

Program 1
Expenses: $10,200 Revenue: $5,765

May 30 / Ballet Don Quixote. The Grand Ritz Theatre / Escondido Don Quixote ? a full-length classical ballet presented by Encinitas Ballet Academy, featuring internationally acclaimed guest dancers...

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May 30 / Ballet Don Quixote. The Grand Ritz Theatre / Escondido Don Quixote ? a full-length classical ballet presented by Encinitas Ballet Academy, featuring internationally acclaimed guest dancers and talented local community children.

Program 2
Expenses: $3,800 Revenue: $0

The Nutcracker / Encinitas Community Saturday, December 14 ? San Dieguito Academy High School (two shows)

Program 3
Expenses: $6,717 Revenue: $0

The Nutcracker Ballet / Escondido December 21 one performance OUTREACH FESTIVAL PERFROMANCES / VISTA STRAWBERY FESTIVAL / ENCINITAS OCTOBERFEST/ CARLSBAD VILLAGE FAIR ANNUAL MONTESSORI CHRISTMAS...

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The Nutcracker Ballet / Escondido December 21 one performance OUTREACH FESTIVAL PERFROMANCES / VISTA STRAWBERY FESTIVAL / ENCINITAS OCTOBERFEST/ CARLSBAD VILLAGE FAIR ANNUAL MONTESSORI CHRISTMAS PERFROMANCE.

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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 $8,067
Program Service Revenue $206,801
Investment Income $0
Other Revenue $0
TOTAL REVENUE $214,868

Expense Breakdown

Grants Paid $0
Salaries & Benefits $95,082
Fundraising Expenses $0
Program Expenses $20,717
Other Expenses $119,384
TOTAL EXPENSES $214,466

Year-over-Year Comparison

2024 2023 Change
Revenue $214,868 N/A N/A
Expenses $214,466 N/A N/A
Net Income $402 $0 N/A
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
3
Independent Members
3
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
1
$19,100
Total Directors
1
$56,210
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Sayat Asatryan Artistic Director, CEO 48
Director
$56,210 $0 $56,210
Olga Tchekachova CFO 22
Officer
$19,100 $0 $19,100
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 $214,868 $214,466 $402 $402
2023 $234,736 $232,446 $2,290 $2,290
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