THE FOUNDATION FOR DANCE EDUCATION DBA INLAND PACIFIC BALLET

EIN: 330678324 501(c)(3) Arts, Culture & Humanities

MONTCLAIR, CA

Total Revenue
$1,175,658
Total Expenses
$1,124,266
Total Assets
$545,189
Net Assets
$495,449
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
CA
Phone
9094821590
Tax Period
2023-09-01 to 2024-08-31

THE FOUNDATION FOR DANCE EDUCATION DBA INLAND PACIFIC BALLET, founded in 1993, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 36% from the prior year, signaling strong growth momentum. Expenses of $1.1M left a modest 4% surplus.

Mission

INLAND PACIFIC BALLETS MISSION IS TO BUILD AND SUSTAIN A PROFESSIONAL BALLET COMPANY IN THE INLAND EMPIRE OF SOUTHERN CALIFORNIA. INLAND PACIFIC BALLET IS COMMITTED TO PRODUCING EXQUISITELY STAGED PRODUCTIONS OF FULL-LENGTH CLASSIC STORY BALLETS AS WELL AS PRESENTING THE BEST IN CONTEMPORARY CHOREOGRAPHY. THROUGH CREATIVE MARKETING AND AN EXTENSIVE EDUCATIONAL OUTREACH PROGRAM, INLAND PACIFIC BALLET WORKS TO INTRODUCE NEW AUDIENCES TO THE MAGIC OF BALLET AND LIVE THEATER, AND TO MAKE THE EXPERIENCE MORE AVAILABLE AND ACCESSIBLE TO ALL. INLAND PACIFIC BALLET IS ALSO COMMITTED TO THE CONTINUED NURTURING OF NEW TALENT, PROVIDING AN ESSENTIAL TRAINING GROUND FOR SERIOUS YOUNG DANCERS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $47,535
Program Service Revenue $1,091,965
Investment Income $11,122
Other Revenue $25,036
TOTAL REVENUE $1,175,658

Expense Breakdown

Grants Paid $0
Salaries & Benefits $559,686
Fundraising Expenses $34,567
Program Expenses $979,483
Other Expenses $564,580
TOTAL EXPENSES $1,124,266

Year-over-Year Comparison

2023 2022 Change
Revenue $1,175,658 $865,478 +0.4%
Expenses $1,124,266 $891,889 +0.3%
Net Income $51,392 $-26,411 -2.9%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
3
Independent Members
3
Employees
52
Volunteers
40

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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
VICTORIA KOENIG SECRETARY/DIREC 30.00
Officer Director
$0 $0 $0
VIRGINIA EATON Treasurer 5.00
Officer Director
$0 $0 $0
LORRAINE WILLIAMS President 5.00
Officer 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 $1,175,658 $1,124,266 $545,189 $51,392
2022 $490,127 $503,576 $475,119 $-13,449
2021 $695,441 $174,367 $639,576 $521,074
2020 $588,816 $624,851 $182,925 $-36,035
2019 $896,029 $912,919 $220,805 $-16,890
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