OMAHA ACADEMY OF BALLET

EIN: 470532282 501(c)(3)

OMAHA, NE

Total Revenue
$491,389
Total Expenses
$516,998
Total Assets
$1,842,710
Net Assets
$1,690,726
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Financial Trends

Organization Details

Formation Year
1970
Legal Domicile
NE
Principal Officer
MELANIE EPPS
Phone
4023460469
Tax Period
2023-09-01 to 2024-08-31

OMAHA ACADEMY OF BALLET, founded in 1970, is a small nonprofit that reported $491K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Net assets of $1.7M represent 41 months of operating reserves.

Mission

CULTIVATING PASSION AND COMMUNITY THROUGH QUALITY DANCE EDUCATION

Program Service Accomplishments

Program 1
Expenses: $399,486 Revenue: $390,956

OMAHA ACADEMY OF BALLET (OAB) PROVIDES INSTRUCTION AND TRAINING IN CLASSICAL BALLET, POINTE, CREATIVE MOVEMENT, MODERN, JAZZ, AND TAP FOR AGES THREE THROUGH ADULT TO 300+ STUDENTS EACH YEAR WITH AN...

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OMAHA ACADEMY OF BALLET (OAB) PROVIDES INSTRUCTION AND TRAINING IN CLASSICAL BALLET, POINTE, CREATIVE MOVEMENT, MODERN, JAZZ, AND TAP FOR AGES THREE THROUGH ADULT TO 300+ STUDENTS EACH YEAR WITH AN ANNUAL PERFORMING OPPORTUNITY AT THE SPRING DANCE CONCERT HELD IN LATE MAY OR EARLY JUNE OF EACH YEAR, WHICH ATTRACTS OVER 1,500 COMMUNITY MEMBERS. WE CREATE A UNIQUE TRAINING ENVIRONMENT BY OFFERING LIVE PIANO ACCOMPANIMENT FOR THE MAJORITY OF OUR CLASSES, KEEPING CLASS SIZES SMALL, AND OFFERING SCHOLARSHIPS FOR DANCERS EXPERIENCING FINANICAL BARRIERS.

Program 2
Expenses: $18,803 Revenue: $17,759

OMAHA DANCE PROJECT (ODP) IS OAB'S ANNUAL PROFESSIONAL-STYLE PERFORMANCE OPPORTUNITY OPEN TO DANCERS AND CHOREOGRAPHERS FROM THE COMMUNITY AT-LARGE. THE PRODUCTION FEATURES A SIGNATURE BALLET WITH...

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OMAHA DANCE PROJECT (ODP) IS OAB'S ANNUAL PROFESSIONAL-STYLE PERFORMANCE OPPORTUNITY OPEN TO DANCERS AND CHOREOGRAPHERS FROM THE COMMUNITY AT-LARGE. THE PRODUCTION FEATURES A SIGNATURE BALLET WITH 2-4 ACCOMPANYING DANCE WORKS THAT ARE COMMISSIONED FROM LOCAL, REGIONAL, OR NATIONAL CHOREOGRAPHERS. ON AVERAGE, OVER 40 DANCERS, AGES 12-40, PERFORM IN ODP AND 700+ COMMUNITY MEMBERS ATTEND AN ODP PERFORMANCE.

Program 3
Expenses: $4,121 Revenue: $1,801

OAB PROVIDES FREE BEGINNING BALLET CLASSES TO TITLE 1 ELEMENTARY SCHOOL STUDENTS THROUGH ITS "DANCE AWAY YOUR AFTERNOONS" PROGRAM WHICH IS PART OF OAB'S COMMUNITY ENGAGEMENT PROGRAMMING.

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $45,941
Program Service Revenue $410,516
Investment Income $27,753
Other Revenue $7,179
TOTAL REVENUE $491,389

Expense Breakdown

Grants Paid $14,869
Salaries & Benefits $299,873
Fundraising Expenses $19,933
Program Expenses $422,410
Other Expenses $202,256
TOTAL EXPENSES $516,998

Year-over-Year Comparison

2023 2022 Change
Revenue $491,389 $440,584 +0.1%
Expenses $516,998 $510,546 +0.0%
Net Income $-25,609 $-69,962 -0.6%
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
6
Independent Members
6
Employees
39
Volunteers
34

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
4
$45,846
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NIKKI RAUTH PRESIDENT 2.00
Officer Director
$0 $0 $0
GRETCHEN MCGILL VICE PRESIDE 2.00
Director
$0 $0 $0
BRITTANY DABESTANI SECRETARY 2.00
Officer Director
$0 $0 $0
JACKI JACOX TREASURER 4.00
Officer Director
$0 $0 $0
LUCAS SHOOK BOARD MEMBER 1.00
Director
$0 $0 $0
NICOLE BROWN BOARD MEMBER 1.00
Director
$0 $0 $0
MELANIE EPPS EXECUTIVE DI 40.00
Officer
$42,146 $3,700 $45,846
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
2025 No data No data No data No data
2024 $491,389 $516,998 $1,842,710 $-25,609
2023 $440,584 $510,546 $1,865,414 $-69,962
2022 $521,669 $513,139 $1,974,072 $8,530
2021 $593,748 $451,647 $2,059,964 $142,101
2020 $459,378 $464,064 $1,964,211 $-4,686
2019 $526,688 $493,188 $1,949,741 $33,500
2018 $787,506 $489,284 $2,155,006 $298,222
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