Civic Intelligence

Brooklyn Ballet Inc

990 • Fiscal year 2019 • EIN 02-0569320

Jan 01, 2019 to Dec 31, 2019 • Filed on May 15, 2020

160 Schermerhorn StreetBrooklyn, NY 11201

(718) 246-0146

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

99th percentile

3.03x

Higher debt load relative to assets than 99% of similar nonprofits.

2019 filings • NTEE A • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

72nd percentile

0.16x

Higher debt load relative to revenue than 72% of similar nonprofits.

2019 filings • NTEE A • $500k-$1M nonprofits • Source year 2019

Net Margin

34th percentile

-2.1%

Higher net margin than 34% of similar nonprofits.

2019 filings • NTEE A • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

80th percentile

$72,000

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 9.4% of source-year revenue.

2019 filings • NTEE A • $500k-$1M nonprofits • Source year 2019

Asset Growth

3rd percentile

-55%

Faster asset growth than 3% of similar nonprofits.

2019 filings • NTEE A • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

50th percentile

4.6%

Faster revenue growth than 50% of similar nonprofits.

2019 filings • NTEE A • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Down

$40,679

Down $50,545 (-55%) from 2018

Net Assets

Down

-$82,556

Down $16,016 (-24%) from 2018

Liabilities

Down

$123,235

Down $34,529 (-22%) from 2018

Revenue

Up

$763,851

Up $33,783 (+4.6%) from 2018

Expenses

Down

$779,867

Down $31,637 (-3.9%) from 2018

Net Income

Up

-$16,016

Up $65,420 (+80%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0-$500KAssets 2010: $48,419Liabilities 2010: $50,083Net Assets 2010: -$1,6642010Assets 2011: $96,649Liabilities 2011: $41,749Net Assets 2011: $54,9002011Assets 2012: $85,511Liabilities 2012: $42,578Net Assets 2012: $42,9332012Assets 2013: $85,269Liabilities 2013: $60,433Net Assets 2013: $24,8362013Assets 2014: $117,843Liabilities 2014: $44,759Net Assets 2014: $73,0842014Assets 2015: $132,322Liabilities 2015: $46,301Net Assets 2015: $86,0212015Assets 2016: $132,973Liabilities 2016: $65,268Net Assets 2016: $67,7052016Assets 2017: $111,867Liabilities 2017: $76,943Net Assets 2017: $34,9242017Assets 2018: $91,224Liabilities 2018: $157,764Net Assets 2018: -$66,5402018Assets 2019: $40,679Liabilities 2019: $123,235Net Assets 2019: -$82,5562019Assets 2020: $59,300Liabilities 2020: $136,335Net Assets 2020: -$77,0352020Assets 2021: $760,063Liabilities 2021: $295,317Net Assets 2021: $464,7462021Assets 2022: $1,082,162Liabilities 2022: $393,230Net Assets 2022: $688,9322022Assets 2023: $1,402,534Liabilities 2023: $1,162,481Net Assets 2023: $240,0532023Assets 2024: $1,104,062Liabilities 2024: $1,055,280Net Assets 2024: $48,7822024

Highlighted filing

2019

Assets$40,679
Liabilities$123,235
Net Assets-$82,556

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.0M$0-$1.0MExpenses 2010: $332,4552010Expenses 2011: $373,6722011Revenue 2012: $404,417Expenses 2012: $416,384Net Income 2012: -$11,9672012Revenue 2013: $422,417Expenses 2013: $445,293Net Income 2013: -$22,8762013Revenue 2014: $519,001Expenses 2014: $470,753Net Income 2014: $48,2482014Revenue 2015: $572,901Expenses 2015: $559,964Net Income 2015: $12,9372015Revenue 2016: $720,083Expenses 2016: $721,124Net Income 2016: -$1,0412016Revenue 2017: $767,872Expenses 2017: $800,653Net Income 2017: -$32,7812017Revenue 2018: $730,068Expenses 2018: $811,504Net Income 2018: -$81,4362018Revenue 2019: $763,851Expenses 2019: $779,867Net Income 2019: -$16,0162019Revenue 2020: $411,328Expenses 2020: $417,886Net Income 2020: -$6,5582020Revenue 2021: $1,225,317Expenses 2021: $683,536Net Income 2021: $541,7812021Revenue 2022: $1,292,591Expenses 2022: $1,068,405Net Income 2022: $224,1862022Revenue 2023: $1,186,591Expenses 2023: $1,635,471Net Income 2023: -$448,8802023Revenue 2024: $1,204,341Expenses 2024: $1,395,612Net Income 2024: -$191,2712024

Highlighted filing

2019

Revenue$763,851
Expenses$779,867
Net Income-$16,016
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
May 15, 2020
Return Version
2019v5.1
Gross Receipts
$763,851
Mission and Program Overview

Mission

Brooklyn ballet is a not for profit organization whose mission is to promote artistic excellence and education for brooklyns diverse communities

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$54,042$20,000▼ $34,042
Cash and Non-Interest-Bearing Accounts$18,515$3,412▼ $15,103
Prepaid Expenses and Deferred Charges$1,400--
Total Assets$91,224$40,679▼ $50,545
Other Assets Total$17,267$17,267→ $0
Liabilities
Accounts Payable and Accrued Expenses$48,497$50,232▲ $1,735
Unsecured Notes Loans Payable$39,302$36,760▼ $2,542
Other Liabilities$69,965$36,243▼ $33,722
Total Liabilities$157,764$123,235▼ $34,529
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-66,540$-82,556▼ $16,016
Total Net Assets Fund Balance$-66,540$-82,556▼ $16,016
Total Liabilities and Net Assets / Fund Balance$91,224$40,679▼ $50,545

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$17,267--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Lynn ParkersonDirectorFT$72,000$72,000

Board Members and Trustees

NameTitle
Diarra K LamarChairman
Adam AbulawiBoard Member
Georgia ForbesBoard Member
Mark HappeBoard Member
Noel PittmanSecretary
Allen KrausTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$185,359
Program Service Revenue
$578,492
Investment Income
$0
Other Revenue
$0
All Other Contributions
$93,692
Change in Net Assets
$-16,016
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$564,954
Salaries, Compensation, and Employee Benefits$214,913
Total Fundraising Expense$10,747
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$108,210$12,731$6,366$127,307
Occupancy$62,628$20,877-$83,505
Current Officers, Directors, Trustees, and Key Employees$61,200$7,200$3,600$72,000
Fees for Services Other$38,172$20,762-$58,934
Payroll Taxes$13,265$1,560$781$15,606
Other Expenses$12,733$2,101-$12,733
Advertising-$6,993-$6,993
Insurance-$5,607-$5,607
Interest-$5,056-$5,056
Travel$1,334$53-$1,387
Total Functional Expenses$686,180$82,940$10,747$779,867
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Income$36,243
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Officer directors etc family relationship Part VI line 2

The founder of the organization, who is also listed on the board, is married to another member of the current board.

Form 990 governing body review Part VI line 11

Form 990 is reviewed by one of the board members before it is filed with the IRS.

Conflict of interest policy compliance Part VI line 12C

The Ballets governing documents and Conflict of Interest policy is available upon request.

Governing documents etc available to public Part VI line 19

The Financial Statement of the Organization is available on the New York State Department of Law Charities Bureau website.

Filing and Contact Details

Filer

Filer Name
Brooklyn Ballet Inc
EIN
02-0569320
Address
160 SCHERMERHORN STREET, BROOKLYN, NY 11201

Signing Officer

Name
Allen Karus
Title
Director
Phone
7182460146
Signed
2020-05-15
Discuss with paid preparer
Yes

Organization Details

Formed
2002
Legal Domicile
Ny
Voting Board Members
5
Independent Board Members
4
Employees
5

Preparer

Firm
Dynamic Accounting Service
Address
2098 STARLING AVENUE, Bronx, NY 10462
Preparer
Wahab Chowdhury
Phone
3473894420
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

There is a prior period adjustment of 20,028 that is related to deferred revenue that was booked after the form 990 was filed for period ending 12/31/2017. The adjustment is made under prior period adjustment instead of amending the form 990 for period 12/31/2017.

List of other fees for services expenses Part IX line 11G

Professional Fees, Accounting Fees, and other administrative related expenses

Raw XML Appendix389 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0Brooklyn Ballets performance, Guided by Artistic Director Lynn Parkerson, reflects a multi-disciplinary and multi-cultural approach to ballet, and their dances are created through collaborations with musicians, writers, designers, hackers, visual artists and their Brooklyn neighbors. Opening their ballets to interdisciplinary influences helps them extend the form in unique directions, even while rooted in the classical idiom.Their community outreach programs are mutually enriching and inform the direction of their artistic work. The Companys ongoing exposure to street dancing and non-traditional performance settings transforms how they perform their classical dance work. The incorporation of improvisational structures and unorthodox musical scores adds rich, enticing layers to the companys expressive range. Ms. Parkersons core aesthetic includes a juxtaposition of styles, cultures and dance forms. Reaching across cultural and class divides is in the very DNA of the Company, informing each ballets tone and composition as well as their education and community programs. The merging of all componentsperformance, education, artistic excellence and community outreachis underlined by this idea of bridging divides. And that is Brooklyn Ballets signature.
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IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt04273
IRS990ScheduleA/OtherIncome170Grp/TotalAmt04273
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.91410
IRS990ScheduleA/PublicSupportPY170Pct00.91430
IRS990ScheduleA/PublicSupportTotal170Amt01027185
IRS990ScheduleA/SubstantialContributorsTotAmt092295
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0185359
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0290456
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0217138
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0212447
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0214080
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01119480
IRS990ScheduleA/TotalSupportAmt01123753
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt017267
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt036243
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED INCOME
IRS990ScheduleD/TotalBookValueOtherAssetsAmt017267
IRS990ScheduleD/TotalLiabilityAmt036243
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The founder of the organization, who is also listed on the board, is married to another member of the current board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Form 990 is reviewed by one of the board members before it is filed with the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Ballets governing documents and Conflict of Interest policy is available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Financial Statement of the Organization is available on the New York State Department of Law Charities Bureau website.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4There is a prior period adjustment of 20,028 that is related to deferred revenue that was booked after the form 990 was filed for period ending 12/31/2017. The adjustment is made under prior period adjustment instead of amending the form 990 for period 12/31/2017.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Professional Fees, Accounting Fees, and other administrative related expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Officer directors etc family relationship Part VI line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Explanation of other changes in net assets or fund balances Part XI line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5List of other fees for services expenses Part IX line 11g
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt091224
IRS990/TotalAssetsEOYAmt040679
IRS990/TotalAssetsGrp/BOYAmt091224
IRS990/TotalAssetsGrp/EOYAmt040679
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0185359
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt010747
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt082940
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0686180
IRS990/TotalFunctionalExpensesGrp/TotalAmt0779867
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0157764
IRS990/TotalLiabilitiesEOYAmt0123235
IRS990/TotalLiabilitiesGrp/BOYAmt0157764
IRS990/TotalLiabilitiesGrp/EOYAmt0123235
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-66540
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-82556
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0686180
IRS990/TotalProgramServiceRevenueAmt0578492
IRS990/TotalReportableCompFromOrgAmt072000
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0578492
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0763851
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt091224
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt040679
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt053
IRS990/TravelGrp/ProgramServicesAmt01334
IRS990/TravelGrp/TotalAmt01387
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt039302
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt036760
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0www.brooklynballet.org/
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ALLEN KARUS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07182460146
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BROOKLYN BALLET INC
ReturnHeader/Filer/BusinessNameControlTxt0BROO
ReturnHeader/Filer/EIN0020569320
ReturnHeader/Filer/USAddress/AddressLine1Txt0160 SCHERMERHORN STREET
ReturnHeader/Filer/USAddress/CityNm0BROOKLYN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd011201
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0731F75B184D0A6C22E18638A402095A6F82ADB2F
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0731F75B184D0A6C22E18638A402095A6F82ADB2F
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId01333202020321rp5edzi
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02020-11-16
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0100.2.132.238
ReturnHeader/FilingSecurityInformation/IPDt02020-11-16
ReturnHeader/FilingSecurityInformation/IPTm012:27:40
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0043832885
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DYNAMIC ACCOUNTING SERVICE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02098 STARLING AVENUE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Bronx
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010462
ReturnHeader/PreparerPersonGrp/PhoneNum03473894420
ReturnHeader/PreparerPersonGrp/PreparationDt02020-11-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0WAHAB CHOWDHURY
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02020-11-16T12:26:17-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.10$1.06$0.05$1.20$1.40$0.19
2023Detailed filing. Detailed filing data is available for this year.$1.40$1.16$0.24$1.19$1.64$0.45
2022Detailed filing. Detailed filing data is available for this year.$1.08$0.39$0.69$1.29$1.07$0.22
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.76$0.30$0.46$1.23$0.68$0.54
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.06$0.14$0.08$0.41$0.42$0.01
2019Detailed filing. Detailed filing data is available for this year.$0.04$0.12$0.08$0.76$0.78$0.02
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.09$0.16$0.07$0.73$0.81$0.08
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.11$0.08$0.03$0.77$0.80$0.03
2016Detailed filing. Detailed filing data is available for this year.$0.13$0.07$0.07$0.72$0.72$0.00
2015Detailed filing. Detailed filing data is available for this year.$0.13$0.05$0.09$0.57$0.56$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.12$0.04$0.07$0.52$0.47$0.05
2013Detailed filing. Detailed filing data is available for this year.$0.09$0.06$0.02$0.42$0.45$0.02
2012Summary only. Only limited summary data is available for this year.$0.09$0.04$0.04$0.40$0.42$0.01
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.10$0.04$0.05$0.37
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.05$0.05$0.00$0.33