THE FOUNDATION FOR DANCE EDUCATION… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1993

Legal Domicile

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

TO PROVIDE BALLET TRAINING & EDUCATIONAL PROGRAMS; TO PROVIDE AN OPPORTUNITY FOR CHILDREN AND ADULTS TO PARTICIPATE; TO ENCOURAGE APPRECIATION OF THE BALLET AND DANCE.

Program Service Accomplishments

Program 1

Expenses: $979,483 Revenue: $1,117,001

INLAND PACIFIC BALLETS FY2023-2024 SEASON FOUND THE COMPANY RETURNING TO ALL 3 OF ITS REGULAR TOURING VENUES FOR THE FIRST TIME SINCE THE PANDEMIC SHUTDOWN IN 2020. IPB SAW ATTENDANCE LEVELS RETURN TO PRE-PANDEMIC LEVELS. WE CONTINUED TO USE OUR LARGEST REHEARSAL STUDIO AS A THEATER SPACE FOR OUR FALL DANCE FEST HELD IN SEPT. 2023 WITH 2 INTIMATE LIVE PERFORMANCES WITH CAPACITY OF UP TO 84 PERSONS. OUR ANNUAL PRODUCTION OF THE NUTCRACKER INCLUDED 11 PERFORMANCES AT LEWIS FAMILY PLAYHOUSE IN RANCHO CUCAMONGA, BRIDGES AUDITORIUM IN CLAREMONT, AND FOX PERFORMING ARTS CENTER IN RIVERSIDE. IN MARCH 2024, IPB PRESENTED BEAUTY AND THE BEAST, THE MUSICAL WITH 7 PERFORMANCES, AND IN APRIL 2024 PRESENTED 4 PERFORMANCES OF OUR ORIGINAL BALLET, CINDERELLA, AT LEWIS FAMILY PLAYHOUSE. A TOTAL OF 10 K-12 SCHOOL FIELD TRIP PERFORMANCES FOR THE 3 PRODUCTIONS WE ALSO PRESENTED.THE IPB II STUDIO COMPANY CONTINUED FOR ITS 3RD YEAR. MEMBERS WERE SELECTED BY OPEN AUDITION, FEATURED IN THE FALL DANCE FEST PROGRAM, AND PERFORMED WITH THE COMPANY IN ALL SEASON PRODUCTIONS. IPB II MEMBERS WORK WITH THE COMPANY IN ITS RIGOROUS DAILY REHEARSAL SCHEDULE AND ARE CONSIDERED PRE-PROFESSIONALS.APPRENTICE PROGRAM: APPRENTICES ARE PRE-PROFESSIONAL DANCERS WHO WORK WITH THE COMPANY IN ITS RIGOROUS DAILY REHEARSAL SCHEDULE AND PERFORM IN ALL PRODUCTIONS. THEY RECEIVE A SCHOLARSHIP FOR ADDITIONAL TRAINING THROUGH THE IPB ACADEMY AND ARE UNDER CONSIDERATION FOR COMPANY CONTRACTS IN FUTURE SEASONS. DURING THE FY2023-2024, A COHORT OF APPRENTICES WAS SELECTED BY AUDITION AND CONTINUED THEIR TRAINING, PERFORMING ROLES IN IPBS SEASON OF PERFORMANCES.YOUTH MENTORING: IPB CONTINUED TO PROVIDE UNIQUE PERFORMANCE AND LEARNING OPPORTUNITIES FOR GIFTED YOUNG DANCERS IN THE REGION THROUGH PARTICIPATION IN IPB PRODUCTIONS AND THROUGH MASTER CLASSES AND WORKSHOPS WITH OUTSTANDING ARTISTS IN THE FIELD. OPEN AUDITIONS FOR OUR ANNUAL PRODUCTION OF THE NUTCRACKER AND OTHER PRODUCTIONS AS APPROPRIATE ARE HELD.

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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%)

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

Financial Distress Indicator

Liquidity & Cash Position

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

Total Directors

Key Employees

Highest Compensated

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

THE FOUNDATION FOR DANCE EDUCATION DBA INLAND PACIFIC BALLET