Civic Intelligence

Alvin Ailey Dance Foundation Inc.

990 • Fiscal year 2014 • EIN 13-2584273

Jul 01, 2013 to Jun 30, 2014 • Filed on May 13, 2015

Refreshing map…

405 West 55th StreetNew York, NY 10019

(212) 405-9000

Siviq Scores

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

Liabilities / Assets

24th percentile

0.12x

Higher debt load relative to assets than 24% of similar nonprofits.

2014 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2014

Liabilities / Revenue

53rd percentile

0.54x

Higher debt load relative to revenue than 53% of similar nonprofits.

2014 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2014

Net Margin

20th percentile

-1.0%

Higher net margin than 20% of similar nonprofits.

2014 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2014

Top Officer Pay

74th percentile

$813,334

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 2.2% of source-year revenue.

2014 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2014

Asset Growth

46th percentile

4.9%

Faster asset growth than 46% of similar nonprofits.

2014 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2013 to 2014

Revenue Growth

20th percentile

-4.0%

Faster revenue growth than 20% of similar nonprofits.

2014 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2013 to 2014

Assets

Up

$170,406,862

Up $7,997,129 (+4.9%) from 2013

Net Assets

Up

$150,569,859

Up $8,953,137 (+6.3%) from 2013

Liabilities

Down

$19,837,003

Down $956,008 (-4.6%) from 2013

Revenue

Down

$36,707,272

Down $1,522,423 (-4.0%) from 2013

Expenses

Up

$37,090,934

Up $1,716,338 (+4.9%) from 2013

Net Income

Down

-$383,662

Down $3,238,761 (-113%) from 2013

Historical Trend

Balance Sheet Trend

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

$300M$200M$100M$0Assets 2011: $155,598,762Liabilities 2011: $21,594,073Net Assets 2011: $134,004,6892011Assets 2012: $156,824,391Liabilities 2012: $20,684,853Net Assets 2012: $136,139,5382012Assets 2013: $162,409,733Liabilities 2013: $20,793,011Net Assets 2013: $141,616,7222013Assets 2014: $170,406,862Liabilities 2014: $19,837,003Net Assets 2014: $150,569,8592014Assets 2015: $197,685,565Liabilities 2015: $19,032,840Net Assets 2015: $178,652,7252015Assets 2016: $187,745,865Liabilities 2016: $17,739,817Net Assets 2016: $170,006,0482016Assets 2017: $212,356,778Liabilities 2017: $33,518,063Net Assets 2017: $178,838,7152017Assets 2018: $219,046,797Liabilities 2018: $31,325,703Net Assets 2018: $187,721,0942018Assets 2019: $224,173,655Liabilities 2019: $36,244,934Net Assets 2019: $187,928,7212019Assets 2020: $224,568,695Liabilities 2020: $36,387,990Net Assets 2020: $188,180,7052020Assets 2021: $281,510,008Liabilities 2021: $35,290,908Net Assets 2021: $246,219,1002021Assets 2022: $257,662,922Liabilities 2022: $34,452,897Net Assets 2022: $223,210,0252022Assets 2023: $257,305,406Liabilities 2023: $33,302,978Net Assets 2023: $224,002,4282023Assets 2024: $260,776,404Liabilities 2024: $33,843,100Net Assets 2024: $226,933,3042024

Highlighted filing

2014

Assets$170,406,862
Liabilities$19,837,003
Net Assets$150,569,859

Operations Trend

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

$100M$50M$0-$50MExpenses 2011: $33,450,3732011Expenses 2012: $34,552,1032012Revenue 2013: $38,229,695Expenses 2013: $35,374,596Net Income 2013: $2,855,0992013Revenue 2014: $36,707,272Expenses 2014: $37,090,934Net Income 2014: -$383,6622014Revenue 2015: $68,889,128Expenses 2015: $38,545,370Net Income 2015: $30,343,7582015Revenue 2016: $39,394,018Expenses 2016: $39,463,206Net Income 2016: -$69,1882016Revenue 2017: $37,179,825Expenses 2017: $40,518,013Net Income 2017: -$3,338,1882017Revenue 2018: $48,064,632Expenses 2018: $43,800,306Net Income 2018: $4,264,3262018Revenue 2019: $48,602,296Expenses 2019: $45,352,857Net Income 2019: $3,249,4392019Revenue 2020: $40,132,303Expenses 2020: $42,630,111Net Income 2020: -$2,497,8082020Revenue 2021: $57,516,021Expenses 2021: $28,323,083Net Income 2021: $29,192,9382021Revenue 2022: $49,395,909Expenses 2022: $42,437,715Net Income 2022: $6,958,1942022Revenue 2023: $37,156,403Expenses 2023: $48,268,877Net Income 2023: -$11,112,4742023Revenue 2024: $48,075,183Expenses 2024: $55,634,371Net Income 2024: -$7,559,1882024

Highlighted filing

2014

Revenue$36,707,272
Expenses$37,090,934
Net Income-$383,662
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
May 13, 2015
Return Version
2013v4.0
Gross Receipts
$74,904,753
Mission and Program Overview

Mission

The mission of the ailey organization is to further the pioneering work of alvin ailey through dance performances, training, educational and community programs for all people. The organization plays a vital social role, using the beauty and humanity of the african-american heritage and other cultures to unite people of all races, ages, and backgrounds.

The mission of alvin ailey dance foundation is to further the pioneering work of alvin ailey by establishing an extended cultural community which provides dance performances, training and community programs for all people.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$78,082,331$85,763,274▲ $7,680,943
Land, Buildings, and Equipment, Net$39,588,633$38,445,646▼ $1,142,987
Investments Other Securities$15,326,415$21,164,643▲ $5,838,228
Savings and Temporary Cash Investments$8,414,254$9,329,663▲ $915,409
Cash and Non-Interest-Bearing Accounts$11,420,512$7,653,710▼ $3,766,802
Pledges and Grants Receivable$5,320,418$3,834,098▼ $1,486,320
Accounts Receivable$1,426,189$1,503,472▲ $77,283
Prepaid Expenses and Deferred Charges$239,509$301,823▲ $62,314
Inventories for Sale or Use$15,893$15,893→ $0
Total Assets$162,409,733$170,406,862▲ $7,997,129
Other Assets Total$2,575,579$2,394,640▼ $180,939
Liabilities
Other Liabilities$13,831,433$13,298,321▼ $533,112
Accounts Payable and Accrued Expenses$4,990,836$4,064,832▼ $926,004
Deferred Revenue$1,970,742$2,473,850▲ $503,108
Total Liabilities$20,793,011$19,837,003▼ $956,008
Net Assets / Fund Balance
Unrestricted Net Assets$79,310,454$85,162,434▲ $5,851,980
Permanently Rstr Net Assets$44,727,335$44,791,349▲ $64,014
Temporarily Rstr Net Assets$17,578,933$20,616,076▲ $3,037,143
Total Net Assets Fund Balance$141,616,722$150,569,859▲ $8,953,137
Total Liabilities and Net Assets / Fund Balance$162,409,733$170,406,862▲ $7,997,129

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$25,258,312$7,959,469$33,217,781
Equipment$3,853,041$6,591,242$10,444,283
Land$9,334,293-$9,334,293
Other Securities$21,164,643--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$54,960,243$2,269,825▲ $8,317,733$2,291,375$63,256,426
2012$48,550,319$3,572,766▲ $4,937,785$2,100,627$54,960,243
2011$43,594,415$6,782,071▼ $1,183,022$643,145$48,550,319
2010$37,287,514$2,894,110▲ $3,884,825$472,034$43,594,415
2009$30,168,886$2,897,362▲ $5,070,489$849,223$37,287,514
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Masazumi ChayaAssociate Artistic DirectorFT$264,099$549,235$813,334
Robert BattleTrustee/artistic DirectorFT$362,262$20,850$383,112
Pamela RobinsonCFO/treasurerFT$225,300$156,312$381,612
Bennett RinkExecutive DirectorFT$334,242$38,758$373,000
Calvin HuntSenior Director of Perf & ProductionFT$219,274$134,367$353,641
Sharon LuckmanExec Dir/secretary-$231,923$10,327$242,250
Thomas CottDirector of MarketingFT$203,591$18,509$222,100
Christopher ZunnerDirector of Public RelationsFT$180,428$15,788$196,216
Elena PaulDirector OF LEGAL & BUS AFFAIRS/BOARD SEC'TFT$175,454$17,713$193,167
Elena PaulDirector of Legal & Bus Affairs/board Sec-$175,454$17,713$193,167
Tracy InmanCo-director/ailey SchoolFT$136,259$16,324$152,583
Melanie PersonCo-director/ailey SchoolFT$135,249$15,911$151,160
Judith JamisonArtistic Director EmeritaPT$150,182$150,182$150,182
Michael CanarozziFacilities ManagerFT$113,203$32,369$145,572

Highest Paid Contractors

ContractorServicesLocationCompensation
Opus 3 ArtistsBooking Agent-$240,756
Synthesis Physical TherapyPhysical Therapy Services-$183,888
Jpmorgan Chase Bank NaInvestment Mgmt Fees-$161,384
Mcgladrey LLPAudit/accounting Services-$156,826
Revenue and Support

Revenue Composition

Contributions and Grants
$9,947,036
Program Service Revenue
$23,174,506
Investment Income
$4,179,704
Other Revenue
$-593,974
All Other Contributions
$5,643,786
Change in Net Assets
$-383,662

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded10$239,573Fair Market Value (FMV) When Donated
Other Non Cash Contri Table12$181,325Retail Value
Other Non Cash Contri Table1$43,500Retail Value
Other Non Cash Contri Table2$33,645Retail Value
Other Non Cash Contri Table3$32,080Retail Value
Food Inventory1$1,250Retail Value
Total Noncash Contributions29$531,373-

Audited Revenue Reconciliation

Revenue per Audited Statements
$36,441,325
Revenue Not Reported on Financial Statements
$265,947
Revenue Not Reported on Form 990
$8,463,305
Total Revenue per Audited Statements
$44,904,630
Total Revenue per Form 990
$36,707,272
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$18,997,353
Other Expenses$16,349,871
Total Fundraising Expense$2,144,659
Grants and Similar Amounts Paid$1,743,710
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$11,371,891$999,479$1,004,210$13,375,580
Fees for Services Other$3,425,652$275,600$139,877$3,841,129
Travel$2,666,757$50,595$29,542$2,746,894
Occupancy$2,200,845$265,070$52,970$2,518,885
Other Employee Benefits$1,656,367$253,734$140,470$2,050,571
Current Officers, Directors, Trustees, and Key Employees$874,092$1,161,223-$2,035,315
Depreciation Depletion$1,502,150$174,669$69,867$1,746,686
Grants to Domestic Individuals$1,743,710--$1,743,710
Advertising$1,712,414--$1,712,414
Payroll Taxes$921,157$127,300$78,385$1,126,842
Office Expenses$279,293$114,167$187,688$581,148
All Other Expenses$50,027$16,334$363,843$430,204
Pension Plan Contributions$373,067$15,583$20,395$409,045
Other Expenses$318,741$373,341$30,225$318,741
Fees for Service Investment Mgmnt Fees-$265,947-$265,947
Information Technology$142,649$41,530$19,862$204,041
Insurance$159,430$28,922$203$188,555
Interest$153,121$17,805$7,122$178,048
Royalties$158,394--$158,394
Fees for Services Accounting-$130,798-$130,798
Fees for Services Legal-$38,277-$38,277
Total Functional Expenses$30,595,901$4,350,374$2,144,659$37,090,934

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$37,090,934
Total Expenses per Audited Statements$35,951,493
Expenses per Audited Statements$35,428,502
Expenses Not Reported on Financial Statements$1,662,432
Other Expense Adjustments$1,396,485
Expenses Not Reported on Form 990$522,991
International Activity

International Summary

Offices
0
Employees
0
Spending
$22,405,453

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
Yes
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
Yes
Transfers to foreign corporations
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the CaribbeanInvestments-00$21,164,643
South AmericaProgram ServicesDance Performances00$658,676
Europe (including Iceland & Greenland)Program ServicesDance Performances00$488,172
North AmericaProgram ServicesDance Performances00$93,962
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$1,175,549
Fundraising Gross Income$341,329
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$2,429,589$167,824$281,592$-113,768
Event 2$973,043$91,350$324,557$-233,207
Total Events$4,151,099$341,329$1,175,549$-834,220
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Bonds Payable$13,230,000
Liabilities for Amounts Held for Others$68,321

Bond Issues

BondIssuerIssuedIssue PricePurpose
A91-18824132003-11-06$20,000,000To finance part of the construction costs of the organization's facilities

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$20,000,000$171,200-$440,173

Bond Financing Compliance

No rebate due
Yes
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Other officer compensation reviewed
Yes
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, Part VI, Section B, Line 11

The draft of the 990 is thoroughly examined and reviewed by the treasurer & cfo and by the chair of the audit committee, as well as the executive director and by other key staff as appropriate. The completed 990 is then reviewed and approved by the executive committee of the board of directors (who was previously delegated that responsibility by the full board) prior to filing. Also prior to filing, a full copy is sent to the full board of directors.

Form 990, Part VI, Section B, Line 12C

On an annual basis, the conflict of interest policy is sent to each member of the board, as well as the organization's officers and key employees. The policy is reviewed and discussed at one board meeting each year. Individuals are required to complete and return a questionnaire which would note any necessary disclosures or conflicts. The cfo reviews each completed questionnaire and, if a conflict arises, the cfo will bring the matter to the attention of the executive director.

Form 990, Part VI, Section B, Line 15

A compensation committee designated by the board performs due diligence on appropriate compensation for the executive director and makes a recommendation to the executive committee for approval. The compensation committee seeks direction and advice from outside counsel, who specialize in executive compensation, and from consultants who perform benchmarking analysis to assist in developing the recommendation. The executive committee meets with the compensation committee and counsel to review the proposed compensation. Aadf performs internal benchmarking for other officers and key employees of the organization using published surveys and other resources. Salary recommendations are proposed by the executive director to the executive committee of the board for approval.

Form 990, Part VI, Section C, Line 19

The irs form 990 is available upon request and also on websites such as guidestar.org. Governing documents, such as the conflict of interest policy and the audited financial statements, are not available to the general public.

Form 990, Part VII

The organization, in a full transparency posture to reporting, is reporting all benefits in full in part vii, column f, and not applying the $10,000 per item exception for certain benefits.

Form 990, Part VII & Schedule J

Robert battle, artistic director & trustee, is compensated for his service to the organization as the artistic director, not for his service as a trustee.

Filing and Contact Details

Filer

EIN
13-2584273
Phone
2124059000

Signing Officer

Name
Pamela Robinson
Title
Treasurer & CFO
Phone
2124059000
Signed
2015-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bennett Rink
Formed
1958
Legal Domicile
Ny
Voting Board Members
32
Independent Board Members
31
Employees
801
Volunteers
80

Preparer

Preparer
Martin Greif
Phone
2123721000
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Commissions to agents: program service expenses 655,277. Management and general expenses 0. Fundraising expenses 0. Total expenses 655,277. Other professional fees: program service expenses 2,770,375. Management and general expenses 275,600. Fundraising expenses 139,877. Total expenses 3,185,852.

Financial Statement Notes

PART V, LINE 4:

The foundation's endowment includes both donor-restricted endowment funds and funds designated by the board of trustees to function as endowments. The foundation has adopted investment and spending policies for endowment assets that attempt to provide a predictable stream of funding to programs supported by its endowment while seeking to maintain the purchasing power of the endowment assets. Endowment assets include those assets of donor-restricted funds that the organization must hold in perpetuity or for a donor-specified period(s) as well as board-designated funds.

PART X, LINE 2:

The foundation is a not-for-profit organization and is exempt from federal income taxes under section 501(c)(3) of the internal revenue code and from state and local income taxes. The foundation is not classified as a private foundation. As a not-for-profit entity, the foundation is subject to unrelated business income tax (ubit), if applicable. Management has evaluated the foundation's tax positions and has concluded that the foundation has taken no uncertain tax positions that require adjustment to or disclosure in the financial statements. Generally, the foundation is no longer subject to income tax examinations by u.s. Federal, state or local tax authorities for tax years before 2011, which is the standard statute of limitations look-back period.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Tuition remissions & other grants -1,396,485.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Tuition remissions & other grants 1,396,485.

Raw XML AppendixShowing 400 of 1,296 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/Desc0ALVIN AILEY AMERICAN DANCE THEATER - FOUNDED BY ALVIN AILEY IN 1958, ALVIN AILEY AMERICAN DANCE THEATER NOW ANNUALLY REACHES ABOUT 300,000 AUDIENCE MEMBERS ACROSS THE GLOBE. SINCE ITS INCEPTION, THE COMPANY HAS PERFORMED IN 71 COUNTRIES ON 6 CONTINENTS FOR AN ESTIMATED 25 MILLION PEOPLE AT VENUES WORLDWIDE, PLUS TENS OF MILLIONS MORE PEOPLE VIA TELEVISION APPEARANCES. IN 2008, THE AILEY COMPANY WAS DESIGNATED "A VITAL AMERICAN CULTURAL AMBASSADOR TO THE WORLD" BY THE UNITED STATES CONGRESS. THE COMPANY NUMBERS THIRTY OF THE MOST TALENTED AND VERSATILE DANCERS IN THE WORLD, AND ITS DIVERSE REPERTORY IS UNPARALLELED IN MODERN DANCE. A TYPICAL ALVIN AILEY AMERICAN DANCE THEATER SEASON INCLUDES A U.S. TOUR TO OVER 20 CITIES, EXTENSIVE INTERNATIONAL TOURING, AND TWO ENGAGEMENTS IN ITS HOME BASE OF NEW YORK CITY: A SPRING ENGAGEMENT AT LINCOLN CENTER AND A 5-WEEK WINTER ENGAGEMENT AT NEW YORK CITY CENTER, WHERE AILEY IS THE PRINCIPAL DANCE COMPANY AND HAS APPEARED ANNUALLY SINCE 1972.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE-CHAIR

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$261$33.8$227$48.1$55.6$7.56
2023Detailed filing. Detailed filing data is available for this year.$257$33.3$224$37.2$48.3$11.1
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$258$34.5$223$49.4$42.4$6.96
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$282$35.3$246$57.5$28.3$29.2
2020Detailed filing. Detailed filing data is available for this year.$225$36.4$188$40.1$42.6$2.50
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$224$36.2$188$48.6$45.4$3.25
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$219$31.3$188$48.1$43.8$4.26
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$212$33.5$179$37.2$40.5$3.34
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$188$17.7$170$39.4$39.5$0.07
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$198$19.0$179$68.9$38.5$30.3
2014Detailed filing. Detailed filing data is available for this year.$170$19.8$151$36.7$37.1$0.38
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$162$20.8$142$38.2$35.4$2.86
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$157$20.7$136$34.6
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$156$21.6$134$33.5