Civic Intelligence

Connecticut Ballet School Inc

990 • Fiscal year 2017 • EIN 06-1388107

Jul 01, 2016 to Jun 30, 2017 • Filed on Nov 16, 2017

42 Halley CourtFairfield, CT 06825

(203) 384-2492

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.05x

Higher debt load relative to assets than 73% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

72nd percentile

0.03x

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

23rd percentile

-11%

Higher net margin than 23% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

94th percentile

$60,090

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 14.1% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

25th percentile

-14%

Faster asset growth than 25% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

40th percentile

-4.8%

Faster revenue growth than 40% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Down

$227,144

Down $36,903 (-14%) from 2016

Net Assets

Down

$215,439

Down $44,765 (-17%) from 2016

Liabilities

Up

$11,705

Up $7,862 (+205%) from 2016

Revenue

Down

$424,720

Down $21,581 (-4.8%) from 2016

Expenses

Up

$469,939

Up $5,444 (+1.2%) from 2016

Net Income

Down

-$45,219

Down $27,025 (-149%) from 2016

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2012: $219,573Liabilities 2012: $3,925Net Assets 2012: $215,6482012Assets 2013: $218,049Liabilities 2013: $5,644Net Assets 2013: $212,4052013Assets 2014: $246,748Liabilities 2014: $4,669Net Assets 2014: $242,0792014Assets 2015: $281,982Liabilities 2015: $3,584Net Assets 2015: $278,3982015Assets 2016: $264,047Liabilities 2016: $3,843Net Assets 2016: $260,2042016Assets 2017: $227,144Liabilities 2017: $11,705Net Assets 2017: $215,4392017Assets 2018: $159,662Liabilities 2018: $3,421Net Assets 2018: $156,2412018Assets 2019: $197,680Liabilities 2019: $3,261Net Assets 2019: $194,4192019Assets 2020: $195,412Liabilities 2020: $6,123Net Assets 2020: $189,2892020Assets 2021: $262,551Liabilities 2021: $6,123Net Assets 2021: $256,4282021Assets 2022: $249,065Liabilities 2022: $10,794Net Assets 2022: $238,2712022Assets 2023: $197,731Liabilities 2023: $21,069Net Assets 2023: $176,6622023Assets 2024: $254,541Liabilities 2024: $19,311Net Assets 2024: $235,2302024

Highlighted filing

2017

Assets$227,144
Liabilities$11,705
Net Assets$215,439

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2012: $432,872Expenses 2012: $423,691Net Income 2012: $9,1812012Revenue 2013: $425,486Expenses 2013: $428,733Net Income 2013: -$3,2472013Revenue 2014: $466,538Expenses 2014: $436,738Net Income 2014: $29,8002014Revenue 2015: $489,860Expenses 2015: $453,841Net Income 2015: $36,0192015Revenue 2016: $446,301Expenses 2016: $464,495Net Income 2016: -$18,1942016Revenue 2017: $424,720Expenses 2017: $469,939Net Income 2017: -$45,2192017Revenue 2018: $408,177Expenses 2018: $467,375Net Income 2018: -$59,1982018Revenue 2019: $452,277Expenses 2019: $413,612Net Income 2019: $38,6652019Revenue 2020: $385,403Expenses 2020: $390,535Net Income 2020: -$5,1322020Revenue 2021: $338,106Expenses 2021: $270,967Net Income 2021: $67,1392021Revenue 2022: $399,765Expenses 2022: $417,922Net Income 2022: -$18,1572022Revenue 2023: $434,788Expenses 2023: $496,397Net Income 2023: -$61,6092023Revenue 2024: $525,386Expenses 2024: $466,818Net Income 2024: $58,5682024

Highlighted filing

2017

Revenue$424,720
Expenses$469,939
Net Income-$45,219
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Nov 16, 2017
Return Version
2016v3.0
Gross Receipts
$460,290
Mission and Program Overview

Mission

Teaching ballet and dance movement through workshops, videos, classroom instruction and stage productions.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$260,204$215,439▼ $44,765
Land, Buildings, and Equipment, Net$106,739$102,420▼ $4,319
Investments Other Securities$75,275$76,974▲ $1,699
Cash and Non-Interest-Bearing Accounts$45,983$28,962▼ $17,021
Inventories for Sale or Use$21,369$13,277▼ $8,092
Savings and Temporary Cash Investments$5,136$5,511▲ $375
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$264,047$227,144▼ $36,903
Other Assets Total$9,545$0▼ $9,545
Liabilities
Deferred Revenue$3,806$11,795▲ $7,989
Accounts Payable and Accrued Expenses$37$-90▼ $127
Total Liabilities$3,843$11,705▲ $7,862
Net Assets / Fund Balance
Total Net Assets Fund Balance$260,204$215,439▼ $44,765
Total Liabilities and Net Assets / Fund Balance$264,047$227,144▼ $36,903

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$102,287$61,747$164,034
Other Land Buildings-$8,347$8,347
Equipment$133$2,523$2,656
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Alan WoodardSchool DirectorFT$60,090$60,090
Moira WrightAsst DirectorFT$38,844$38,844

Board Members and Trustees

NameTitle
Elizabeth GaynorPresident eMERI
Dodie PettitVice President
Alayne BurgerBoard Member
Ann HarveyBoard Member
Barbara FleishmannBoard Member
Charlie GulottaBoard Member
John PoradaBoard Member
Meg HamiltonBoard Member
Michelle ReeveBoard Member
Molly CiardiBoard Member
Nancy ArsenaultBoard Member
Terrah MulliganSecretary
Elizabeth GlatzelTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$27,888
Program Service Revenue
$398,444
Investment Income
$2,074
Other Revenue
$-3,686
All Other Contributions
$27,888
Change in Net Assets
$-45,219
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$255,762
Salaries, Compensation, and Employee Benefits$214,102
Grants and Similar Amounts Paid$75
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$184,555--$184,555
Current Officers, Directors, Trustees, and Key Employees-$98,934-$98,934
Other Salaries and Wages$53,994$43,301-$97,295
Payroll Taxes$4,915$12,958-$17,873
All Other Expenses$8,586$1,533-$10,119
Travel$9,134--$9,134
Insurance$6,243--$6,243
Other Expenses$5,573--$5,573
Advertising$5,269--$5,269
Depreciation Depletion$4,319--$4,319
Fees for Services Accounting-$3,652-$3,652
Conferences and Meetings-$800-$800
Office Expenses-$798-$798
Grants to Domestic Orgs$75--$75
Total Functional Expenses$307,963$161,976$0$469,939
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
Yes
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

No review was or will be conducted.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Connecticut Ballet School Inc
EIN
06-1388107
Phone
2033842492
Address
42 HALLEY COURT, FAIRFIELD, CT 06825

Signing Officer

Name
Liz Glatzel
Title
Treasurer
Signed
2017-11-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Elizabeth Gaynor
Formed
1994
Legal Domicile
Ct
Voting Board Members
14
Independent Board Members
12
Employees
20
Volunteers
55

Preparer

Firm
Seperack & Company LLC
Address
7-9 Isaac Street, Norwalk, CT 06850
Preparer
Andrew J Seperack
Phone
2038559485
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

The tax return is reviewed by the treasurer.

Pt VI, Line 15A

Salaries and wages are determined by the officers and discussed with the board of directors.

Pt VI, Line 19

The tax return is on file in the office and available upon request to anyone who wishes to see it.

Pt VIII

Part viii 990 line 8a. There is a silent auction to help raise funds from items donated or intangibles like an afternoon on the boat or use of a weekend house. But the event and expenses are related to doing the performance which demonstrates the skills acquired in the school.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0President eMERI
IRS990/Form990PartVIISectionAGrp/TitleTxt1ASST DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt3Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt4Vice President
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IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-45219
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
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IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0260204
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IRS990/SavingsAndTempCashInvstGrp/BOYAmt05136
IRS990/SavingsAndTempCashInvstGrp/EOYAmt05511
IRS990ScheduleA/SchoolInd0X
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.55$0.19$2.35$5.25$4.67$0.59
2023Detailed filing. Detailed filing data is available for this year.$1.98$0.21$1.77$4.35$4.96$0.62
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.49$0.11$2.38$4.00$4.18$0.18
2021Detailed filing. Detailed filing data is available for this year.$2.63$0.06$2.56$3.38$2.71$0.67
2020Detailed filing. Detailed filing data is available for this year.$1.95$0.06$1.89$3.85$3.91$0.05
2019Detailed filing. Detailed filing data is available for this year.$1.98$0.03$1.94$4.52$4.14$0.39
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.60$0.03$1.56$4.08$4.67$0.59
2017Detailed filing. Detailed filing data is available for this year.$2.27$0.12$2.15$4.25$4.70$0.45
2016Summary only. Only limited summary data is available for this year.$2.64$0.04$2.60$4.46$4.64$0.18
2015Summary only. Only limited summary data is available for this year.$2.82$0.04$2.78$4.90$4.54$0.36
2014Summary only. Only limited summary data is available for this year.$2.47$0.05$2.42$4.67$4.37$0.30
2013Summary only. Only limited summary data is available for this year.$2.18$0.06$2.12$4.25$4.29$0.03
2012Summary only. Only limited summary data is available for this year.$2.20$0.04$2.16$4.33$4.24$0.09
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2017 filings • 501(c)3 • <$500k nonprofits