Civic Intelligence

White Wave Rising-Young Soon Kim Dance Company Inc.

990 • Fiscal year 2023 • EIN 11-2967342

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 15, 2024

150 Macdougal Street 1flBrooklyn, NY 11233

(718) 885-8822

Siviq Scores

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

Liabilities / Assets

98th percentile

7.77x

Higher debt load relative to assets than 98% of similar nonprofits.

2023 filings • NTEE A • <$500k nonprofits • Source year 2023

Liabilities / Revenue

88th percentile

0.33x

Higher debt load relative to revenue than 88% of similar nonprofits.

2023 filings • NTEE A • <$500k nonprofits • Source year 2023

Net Margin

29th percentile

-5.5%

Higher net margin than 29% of similar nonprofits.

2023 filings • NTEE A • <$500k nonprofits • Source year 2023

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • NTEE A • <$500k nonprofits • Source year 2023

Asset Growth

12th percentile

-42%

Faster asset growth than 12% of similar nonprofits.

2023 filings • NTEE A • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

38th percentile

-2.7%

Faster revenue growth than 38% of similar nonprofits.

2023 filings • NTEE A • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Down

$9,882

Down $7,167 (-42%) from 2022

Net Assets

Down

-$66,895

Down $12,799 (-24%) from 2022

Liabilities

Up

$76,777

Up $5,632 (+7.9%) from 2022

Revenue

Down

$232,860

Down $6,547 (-2.7%) from 2022

Expenses

Up

$245,659

Up $6,974 (+2.9%) from 2022

Net Income

Down

-$12,799

Down $13,521 (-1873%) from 2022

Historical Trend

Balance Sheet Trend

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

$100K$50K$0-$50K-$100KAssets 2010: $33,169Liabilities 2010: $13,189Net Assets 2010: $19,9802010Assets 2011: $8,769Liabilities 2011: $10,356Net Assets 2011: -$1,5872011Assets 2012: $43,479Liabilities 2012: $56,621Net Assets 2012: -$13,1422012Assets 2013: $17,921Liabilities 2013: $36,801Net Assets 2013: -$18,8802013Assets 2014: $12,678Liabilities 2014: $12,730Net Assets 2014: -$522014Assets 2015: $44,050Liabilities 2015: $34,922Net Assets 2015: $9,1282015Assets 2016: $20,871Liabilities 2016: $13,580Net Assets 2016: $7,2912016Assets 2017: $7,621Liabilities 2017: $10,831Net Assets 2017: -$3,2102017Assets 2018: $23,441Liabilities 2018: $14,809Net Assets 2018: $8,6322018Assets 2019: $9,651Liabilities 2019: $21,146Net Assets 2019: -$11,4952019Assets 2020: $44,795Liabilities 2020: $71,146Net Assets 2020: -$26,3512020Assets 2021: $16,327Liabilities 2021: $71,145Net Assets 2021: -$54,8182021Assets 2022: $17,049Liabilities 2022: $71,145Net Assets 2022: -$54,0962022Assets 2023: $9,882Liabilities 2023: $76,777Net Assets 2023: -$66,8952023Assets 2024: $2,466Liabilities 2024: $71,034Net Assets 2024: -$68,5682024

Highlighted filing

2023

Assets$9,882
Liabilities$76,777
Net Assets-$66,895

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2010: $327,645Expenses 2010: $337,970Net Income 2010: -$10,3252010Revenue 2011: $299,187Expenses 2011: $320,754Net Income 2011: -$21,5672011Revenue 2012: $391,958Expenses 2012: $403,513Net Income 2012: -$11,5552012Revenue 2013: $310,762Expenses 2013: $316,500Net Income 2013: -$5,7382013Revenue 2014: $351,861Expenses 2014: $333,033Net Income 2014: $18,8282014Revenue 2015: $247,728Expenses 2015: $238,548Net Income 2015: $9,1802015Revenue 2016: $235,009Expenses 2016: $236,846Net Income 2016: -$1,8372016Revenue 2017: $234,024Expenses 2017: $244,525Net Income 2017: -$10,5012017Revenue 2018: $248,346Expenses 2018: $236,504Net Income 2018: $11,8422018Revenue 2019: $242,102Expenses 2019: $262,229Net Income 2019: -$20,1272019Revenue 2020: $178,211Expenses 2020: $193,067Net Income 2020: -$14,8562020Revenue 2021: $216,773Expenses 2021: $245,240Net Income 2021: -$28,4672021Revenue 2022: $239,407Expenses 2022: $238,685Net Income 2022: $7222022Revenue 2023: $232,860Expenses 2023: $245,659Net Income 2023: -$12,7992023Revenue 2024: $227,247Expenses 2024: $228,920Net Income 2024: -$1,6732024

Highlighted filing

2023

Revenue$232,860
Expenses$245,659
Net Income-$12,799
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 15, 2024
Return Version
2023v5.0
Gross Receipts
$232,860
Mission and Program Overview

Mission

To inspire audiences of all cultures with the multi-dimensional aspects of complete dance staging and productions. It is achieved through creation of new dance works, production of concerts, and educating people through dance classes.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$11,306$4,139▼ $7,167
Total Assets$17,049$9,882▼ $7,167
Other Assets Total$5,743$5,743→ $0
Liabilities
Other Liabilities$49,999$49,999→ $0
Unsecured Notes Loans Payable$18,337$26,778▲ $8,441
Accounts Payable and Accrued Expenses$2,809--
Total Liabilities$71,145$76,777▲ $5,632
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-54,096$-66,895▼ $12,799
Total Net Assets Fund Balance$-54,096$-66,895▼ $12,799
Total Liabilities and Net Assets / Fund Balance$17,049$9,882▼ $7,167

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$5,743--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Howard SchranzChair
Pascal RekoertBoard Member
Sangeeta YesleyBoard Member
Young Soon KimFounder/pres
John RyanHonorary CHA
Lena LauerSecretary
Cornella De GrootTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$166,038
Program Service Revenue
$66,822
Investment Income
$0
Other Revenue
$0
All Other Contributions
$133,998
Change in Net Assets
$-12,799
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$245,659
Total Fundraising Expense$13,492
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$22,380$30,625$5,889$58,894
Other Expenses$15,584$860-$15,584
Advertising$11,222-$591$11,813
Travel$9,107--$9,107
Fees for Services Management-$2,094$7,012$9,106
Fees for Services Accounting-$1,400-$1,400
Insurance-$1,031-$1,031
Total Functional Expenses$122,308$109,859$13,492$245,659
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
Sba Eidl$49,999
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

Form 990, Page 6, Part VI, Line 11B

A copy of form 990 was provided to all board members prior to filing.

Form 990, Page 6, Part VI, Line 12C

Employees are required to sign a conflict of interest statement annually

Form 990, Page 6, Part VI, Line 19

AVAILABLE UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
White Wave Rising-young Soon Kim
EIN
11-2967342
Phone
7188858822
Address
150 MACDOUGAL STREET 1FL, BROOKLYN, NY 11233

Signing Officer

Name
Young Soon Kim
Title
Founder/president
Phone
7183520884
Signed
2024-11-15

Organization Details

Principal Officer
Young Soon Kim
Formed
1988
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
7
Employees
0

Preparer

Firm
David Shin CPA Pc
Address
21814 NORTHERN BLVD STE 108, BAYSIDE, NY 11361-3580
Preparer
David Shin
Phone
7183520884
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To inspire audiences of all cultures with the multi-dimensional aspects of complete dance staging and productions. It is achieved through creation of new dance works, production of concerts, and educating people through dance classes.

Form 990, Page 2, Part III, Line 4D

Contracted service performance

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO INSPIRE AUDIENCES OF ALL CULTURES WITH THE MULTI-DIMENSIONAL ASPECTS OF COMPLETE DANCE STAGING AND PRODUCTIONS. IT IS ACHIEVED THROUGH CREATION OF NEW DANCE WORKS, PRODUCTION OF CONCERTS, AND EDUCATING PEOPLE THROUGH DANCE CLASSES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CONTRACTED SERVICE PERFORMANCE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A COPY OF FORM 990 WAS PROVIDED TO ALL BOARD MEMBERS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EMPLOYEES ARE REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT ANNUALLY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt017049
IRS990/TotalAssetsEOYAmt09882
IRS990/TotalAssetsGrp/BOYAmt017049
IRS990/TotalAssetsGrp/EOYAmt09882
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0166038
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt013492
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0109859
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0122308
IRS990/TotalFunctionalExpensesGrp/TotalAmt0245659
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt071145
IRS990/TotalLiabilitiesEOYAmt076777
IRS990/TotalLiabilitiesGrp/BOYAmt071145
IRS990/TotalLiabilitiesGrp/EOYAmt076777
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-54096
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-66895
IRS990/TotalOtherProgSrvcExpenseAmt09107
IRS990/TotalProgramServiceExpensesAmt0122308
IRS990/TotalProgramServiceRevenueAmt066822
IRS990/TotalRevenueGrp/ExclusionAmt027425
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt039397
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0232860
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt017049
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt09882
IRS990/TravelGrp/ProgramServicesAmt09107
IRS990/TravelGrp/TotalAmt09107
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt018337
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt026778
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0150 MACDOUGAL STREET 1FL
IRS990/USAddress/CityNm0BROOKLYN
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd011233
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0HTTPS://WWW.WHITEWAVEDANCE.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0YOUNG SOON KIM
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0FOUNDER/PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07183520884
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WHITE WAVE RISING-YOUNG SOON KIM
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0DANCE COMPANY INC
ReturnHeader/Filer/BusinessNameControlTxt0WHIT
ReturnHeader/Filer/EIN0112967342
ReturnHeader/Filer/PhoneNum07188858822
ReturnHeader/Filer/USAddress/AddressLine1Txt0150 MACDOUGAL STREET 1FL
ReturnHeader/Filer/USAddress/CityNm0BROOKLYN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd011233
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0113323329
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DAVID SHIN CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt021814 NORTHERN BLVD STE 108
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BAYSIDE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0113613580
ReturnHeader/PreparerPersonGrp/PhoneNum07183520884
ReturnHeader/PreparerPersonGrp/PreparationDt02024-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID SHIN
ReturnHeader/ReturnTs02024-11-15T16:35:45-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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.$0.02$0.71$0.69$2.27$2.29$0.02
2023Detailed filing. Detailed filing data is available for this year.$0.10$0.77$0.67$2.33$2.46$0.13
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.17$0.71$0.54$2.39$2.39$0.01
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.16$0.71$0.55$2.17$2.45$0.28
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.45$0.71$0.26$1.78$1.93$0.15
2019Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$0.10$0.21$0.11$2.42$2.62$0.20
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.23$0.15$0.09$2.48$2.37$0.12
2017Detailed filing. Detailed filing data is available for this year.$0.08$0.11$0.03$2.34$2.45$0.11
2016Detailed filing. Detailed filing data is available for this year.$0.21$0.14$0.07$2.35$2.37$0.02
2015Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$0.44$0.35$0.09$2.48$2.39$0.09
2014Detailed filing. Detailed filing data is available for this year.$0.13$0.13$0.00$3.52$3.33$0.19
2013Detailed filing. Detailed filing data is available for this year.$0.18$0.37$0.19$3.11$3.17$0.06
2012Summary only. Only limited summary data is available for this year.$0.43$0.57$0.13$3.92$4.04$0.12
2011Summary only. Only limited summary data is available for this year.$0.09$0.10$0.02$2.99$3.21$0.22
2010Summary only. Only limited summary data is available for this year.$0.33$0.13$0.20$3.28$3.38$0.10