Olney Childrens Ballet Theater Incorporated in Olney, Maryland (MD)

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Olney Childrens Ballet Theater Incorporated
Employer Identification Number (EIN)521870384
Name of OrganizationOlney Childrens Ballet Theater Incorporated
Address3460 Olney-Laytonsville Road, Olney, MD 20832-1781
ActivitiesCommunity theatrical group
SubsectionCharitable Organization
Ruling Date08/1994
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2014
Assets$25,000 to $99,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$62,362
Amount of Income$240,959
Form 990 Revenue Amount$240,959
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Ballet


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Amount of income in 2014: $240,959 (it was $79,728 in 2013)
Olney Childrens Ballet Theater Incorporated: 

 $240,959
Other organizations performing similar types of work: 

 $173,163

Assets in 2014: $62,362 (it was $60,603 in 2013)
This organization: 

 $62,362
Other organizations performing similar types of work: 

 $45,796

Expenses in 2013: $95,591
Olney Childrens Ballet Theater Incorporated: 

 $95,591
Other organizations performing similar types of work: 

 $181,481

Income to expenses ratio in 2013: 2.5
Olney Childrens Ballet Theater Incorporated: 

 2.5
Other organizations performing similar types of work: 

 1.1

Grants share in income in 2013: 7.7%
This organization: 

 7.7%
Other organizations performing similar types of work: 

 32.7%

Financial snapshot ($)

Revenue for 2013

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$35,812$170,032$75,253
Contributions, gifts, grants, and similar amounts received$5,890$29,611$5,807
Program service revenue including government fees and contracts$21,149$116,687$55,009
Membership dues and assessments$3,600$10,875$9,825
Investment income$0$0$0
Gain/Loss from sale of assets other than inventory$0$0$0
Net income/loss from gaming and fundraising events$5,173$12,859$2,099
Gross income from gaming$5,173$0$0
Gross income from fundraising events$0$17,672$2,099
Less: direct expenses from gaming and fundraising events$0$4,813$0
Gross profit/loss from sales of inventory$0$0$2,513
Gross sales of inventory, less returns and allowances$0$0$6,988
Less: cost of goods sold$0$0$4,475
Other revenue$0$0$0
Total expenses$29,747$177,113$95,591
Total net assets$18,449$21,428$1,090
Excess/Deficit for the year$6,065$-7,081$-20,338
Net assets or fund balances at beginning of year$12,384$29,749$21,428
Other changes in net assets or fund balances$0$-1,240$0
Net assets or fund balances at end of year$20,428$1,090
Balance Sheets
201120122013
Total assets$63,261$64,240$60,603
Total liabilities$44,812$42,812$59,513
Net assets or fund balances$18,449$21,428$1,090
Other Information
201120122013
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?YesYes
Total amount involved$0$32,812
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities$0$0$0
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013)
2009 - 2013 Total
Public support$561,034
Subtotal$561,034
Gifts, grants, contributions, and membership fees received$69,801
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose$452,335
Gross receipts from activities that are not an unrelated trade or business under section 513$38,898
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Less$0
Amounts received from disqualified persons$0
Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support$0
Total support$561,034
Public support$561,034
Subtotal$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$0
Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$0
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1The Ballet Theatre Of Maryland Incorporated801 Chase St, Annapolis, MD 21401-3530MD1991-01$932,843
2School Of The Garden State Ballet28 Glen Rd, Rutherford, NJ 07070-2002NJ1972-03$691,788
3Virginia Ballet Company And School5595 Guinea Rd, Fairfax, VA 22032-4037VA1966-12$479,966
4Springfield Ballet Inc411 N Sherman Pkwy, Springfield, MO 65802-3652MO1977-01$385,962
5Victoria Ballet Theatre2508 E Mockingbird Ln, Victoria, TX 77904-2443TX1985-06$376,416
6Wichita Falls Ballet Theater Inc1501 Midwestern Pkwy Ste 116, Wichita Falls, TX 76302-1500TX1966-06$329,911
7South Bay Ballet Inc1261 Sartori Ave, Torrance, CA 90501-2718CA1974-10$323,292
8Western Arkansas Ballet4701 Grand Ave, Fort Smith, AR 72904-7141AR1980-02$299,752
9Twin Cities Ballet Company1301 S Morrissey Dr, Bloomington, IL 61701-7511IL1984-03$274,419
10Olney Childrens Ballet Theater Incorporated3460 Olney-Laytonsville Road, Olney, MD 20832-1781MD1994-08$240,959
11Westchester Ballet Company Inc95 Croton Avenue, Ossining, NY 10562-4216NY1958-08$225,536
12Youth Dance Theatre Of Michigan Inc, Ballet ChelseaPO BOX 591, Chelsea, MI 48118-0591MI1997-10$180,264
13National Ballet Of MdPO BOX 620, Tracys Lndg, MD 20779-0620MD1974-07$160,762
14San Antonio Dance Theatre2800 Ne Loop 410 Ste 307, San Antonio, TX 78218-1525TX1998-12$155,994
15Howard County Ballet Inc3012 Harbin Fld, Ellicott City, MD 21042-7109MD1998-06$132,857
16South Jersey Ballet Theatre IncCooper Run Exec Pk Rt 73 N Ut, West Berlin, NJ 08091NJ1992-12$121,650
17State Ballet Of Rhode IslandPO BOX 155, Lincoln, RI 02865-0155RI1967-03$76,592
18Vero Beach Ballet Inc1828 28th Ave, Vero Beach, FL 32960-3073FL1989-06$70,954
19Kathryn Posin Dance Foundation Inc20 Bond St, New York, NY 10012-2406NY1973-10$68,900
20Arka Ballet309 Philadelphia Ave, Takoma Park, MD 20912-4209MD1998-12$0
Number of organizations performing similar types of work
Alabama2
Arkansas2
Arizona1
California25
Colorado3
Connecticut1
Florida11
Georgia6
Hawaii1
Illinois4
Indiana4
Kansas3
Louisiana5
Massachusetts3
Maryland5
Michigan6
Minnesota2
Missouri2
Mississippi1
North Carolina1
New Hampshire1
New Jersey7
New Mexico1
Nevada2
New York14
Ohio7
Pennsylvania7
Rhode Island2
South Carolina4
Tennessee3
Texas19
Utah3
Virginia6
Washington3
Wisconsin1
West Virginia1
Total169

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