Civic Intelligence

Lubovitch Dance Foundation Inc.

990 • Fiscal year 2022 • EIN 13-2677232

Jul 01, 2021 to Jun 30, 2022 • Filed on Jun 19, 2023

315 West 39th Street Ste 1500New York, NY 10018

(212) 221-7909

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.07x

Higher debt load relative to assets than 63% of similar nonprofits.

2022 filings • NTEE A • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

54th percentile

0.05x

Higher debt load relative to revenue than 54% of similar nonprofits.

2022 filings • NTEE A • $500k-$1M nonprofits • Source year 2022

Net Margin

77th percentile

27%

Higher net margin than 77% of similar nonprofits.

2022 filings • NTEE A • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

90th percentile

$98,450

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 19.3% of source-year revenue.

2022 filings • NTEE A • $500k-$1M nonprofits • Source year 2022

Asset Growth

71st percentile

14%

Faster asset growth than 71% of similar nonprofits.

2022 filings • NTEE A • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

77th percentile

81%

Faster revenue growth than 77% of similar nonprofits.

2022 filings • NTEE A • $500k-$1M nonprofits • Annualized from 2021 to 2022

Assets

Up

$344,490

Up $43,293 (+14%) from 2021

Net Assets

Up

$319,165

Up $137,761 (+76%) from 2021

Liabilities

Down

$25,325

Down $94,468 (-79%) from 2021

Revenue

Up

$511,161

Up $228,818 (+81%) from 2021

Expenses

Up

$373,400

Up $112,039 (+43%) from 2021

Net Income

Up

$137,761

Up $116,779 (+557%) from 2021

Historical Trend

Balance Sheet Trend

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

$400K$200K$0-$200KAssets 2011: $166,507Liabilities 2011: $251,695Net Assets 2011: -$85,1882011Assets 2012: $86,981Liabilities 2012: $236,947Net Assets 2012: -$149,9662012Assets 2013: $55,393Liabilities 2013: $216,629Net Assets 2013: -$161,2362013Assets 2014: $107,175Liabilities 2014: $239,634Net Assets 2014: -$132,4592014Assets 2015: $57,592Liabilities 2015: $181,360Net Assets 2015: -$123,7682015Assets 2016: $67,315Liabilities 2016: $169,909Net Assets 2016: -$102,5942016Assets 2017: $69,948Liabilities 2017: $105,600Net Assets 2017: -$35,6522017Assets 2018: $191,047Liabilities 2018: $47,387Net Assets 2018: $143,6602018Assets 2019: $209,486Liabilities 2019: $54,815Net Assets 2019: $154,6712019Assets 2020: $241,581Liabilities 2020: $81,159Net Assets 2020: $160,4222020Assets 2021: $301,197Liabilities 2021: $119,793Net Assets 2021: $181,4042021Assets 2022: $344,490Liabilities 2022: $25,325Net Assets 2022: $319,1652022Assets 2023: $302,219Liabilities 2023: $5,325Net Assets 2023: $296,8942023Assets 2024: $197,774Liabilities 2024: $5,325Net Assets 2024: $192,4492024

Highlighted filing

2022

Assets$344,490
Liabilities$25,325
Net Assets$319,165

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $1,022,998Expenses 2011: $1,010,464Net Income 2011: $12,5342011Revenue 2012: $746,984Expenses 2012: $811,762Net Income 2012: -$64,7782012Revenue 2013: $705,516Expenses 2013: $716,786Net Income 2013: -$11,2702013Revenue 2014: $832,364Expenses 2014: $803,587Net Income 2014: $28,7772014Revenue 2015: $880,307Expenses 2015: $871,616Net Income 2015: $8,6912015Revenue 2016: $538,897Expenses 2016: $517,723Net Income 2016: $21,1742016Revenue 2017: $550,811Expenses 2017: $483,869Net Income 2017: $66,9422017Revenue 2018: $738,159Expenses 2018: $558,847Net Income 2018: $179,3122018Revenue 2019: $347,628Expenses 2019: $336,617Net Income 2019: $11,0112019Revenue 2020: $375,847Expenses 2020: $370,096Net Income 2020: $5,7512020Revenue 2021: $282,343Expenses 2021: $261,361Net Income 2021: $20,9822021Revenue 2022: $511,161Expenses 2022: $373,400Net Income 2022: $137,7612022Revenue 2023: $291,846Expenses 2023: $314,117Net Income 2023: -$22,2712023Revenue 2024: $172,858Expenses 2024: $277,303Net Income 2024: -$104,4452024

Highlighted filing

2022

Revenue$511,161
Expenses$373,400
Net Income$137,761
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Jun 19, 2023
Return Version
2021v4.2
Gross Receipts
$511,161
Mission and Program Overview

Mission

Creation, teaching, and performance of contemporary dance

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$278,657$310,115▲ $31,458
Land, Buildings, and Equipment, Net$16,865$16,865→ $0
Pledges and Grants Receivable-$7,600-
Prepaid Expenses and Deferred Charges$1,139$910▼ $229
Total Assets$301,197$344,490▲ $43,293
Other Assets Total$4,536$9,000▲ $4,464
Liabilities
Mortgage Notes Payable Secured by Investment Property$118,817$25,000▼ $93,817
Accounts Payable and Accrued Expenses$976$325▼ $651
Total Liabilities$119,793$25,325▼ $94,468
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$181,404$319,165▲ $137,761
Total Net Assets Fund Balance$181,404$319,165▲ $137,761
Total Liabilities and Net Assets / Fund Balance$301,197$344,490▲ $43,293

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$16,865-$16,865
Equipment-$5,937$5,937
Other Assets Org$9,000--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Richard CaplesDirexec DirectorcfoFT$98,450$98,450
Lar LubovitchDirartistic DirectorFT$94,790$94,790

Board Members and Trustees

NameTitle
Lewis R SteinbergDirpresident
Dale L PonikvarDirvice President
Beth TractenbergDirector
Natalie Lum-taiDirector
W P McmullanDirector
Jeffrey SholeenDirsecretary
Ronald Creamer JrDirtreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$447,446
Program Service Revenue
$63,412
Investment Income
$303
Other Revenue
$0
All Other Contributions
$129,004
Change in Net Assets
$137,761

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table5$29,598Donors Standard
Other Non Cash Contri Table1$3,500Donors Standard
Total Noncash Contributions6$33,098-

Audited Revenue Reconciliation

Revenue per Audited Statements
$511,161
Total Revenue per Audited Statements
$511,161
Total Revenue per Form 990
$511,161
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$253,256
Other Expenses$120,144
Total Fundraising Expense$14,478
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$116,240$70,000$7,000$193,240
All Other Expenses$62,490$11,472$1,255$75,217
Payroll Taxes$21,316$16,591$1,659$39,566
Other Salaries and Wages$20,450--$20,450
Occupancy$11,673$3,840$1,920$17,433
Travel$11,225--$11,225
Office Expenses$2,208$3,451$400$6,059
Advertising--$2,244$2,244
Interest$1,673$500-$2,173
Other Expenses$30--$30
Total Functional Expenses$253,068$105,854$14,478$373,400

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$373,400
Total Expenses per Audited Statements$373,400
Total Expenses per Form 990$373,400
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
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 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
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 governing body review Part VI line 11

An electronic copy of form 990 is sent to the entire board with a request for comment and a reply within a certain number of days, after the lapse of the time period the finance committee meets to discusss and approve the form 990 the president and treasurer sign on behalf of the corporation

Conflict of interest policy compliance Part VI line 12C

Upon joining the board, each board member is required to sign the corporations conflict of interest statement. At each annual meeting all board members must re-affirm by signing the statement again. Throughout the year, any potential conflicts of interest that may arise are discussed in a meeting of the full board. Decisions are made without the presence of the interested board members

CEO executive director top management comp Part VI line 15A

Annually, the board reviews the compensation of key employees and sets the levels for the next year. The corporation surveys peer dance companies and also relies on surveys compiled by other organizations such as dance/usa, and nonprofit times. The board conducts additional research using guidestar and other tools. Decisions are made by the full board without the presence of interested parties

Other officer or key employee compensation Part VI line 15B

The corporation follows the same procedures for officers and directors.

Form 990 availability to public Part VI line 18

The corporation posts its form 990 on guidestar. Beyond that, upon request, the corporation will send additional information to the inquirer.

Governing documents etc available to public Part VI line 19

Governing documents such as by-laws and certificate of incorporation may be provided to the general public upon request.

Filing and Contact Details

Filer

Filer Name
Lubovitch Dance Foundation Inc
EIN
13-2677232
Address
315 WEST 39TH STREET STE 1500, New York, NY 10018
Doing Business As
Lar Lubovitch Dance Company

Signing Officer

Name
Richard Caples
Title
Direxec Direct
Phone
2122217909
Signed
2023-06-19
Discuss with paid preparer
No

Organization Details

Principal Officer
Richard Caples
Formed
1968
Legal Domicile
Ny
Voting Board Members
9
Independent Board Members
7
Employees
5
Volunteers
8

Preparer

Firm
Investment Promotion Group Inc
Address
8 BRADLEY CT, Spring Valley, NY 10977
Preparer
Clem Yeboah
Phone
8455128680
Supplemental Narrative

Additional Explanations

List of other expenses Part IX line 24E

Production 4,563guest dancers and musicians 1,200technical and other fees 30professional fees 6,640meals and lodging 27,868general insurance 1,322transportation 1,965telephone and communication 3,875postage and delivery 449in-kind supplies 3,500in kind services 29,598 total other expenses 81,010

Financial Statement Notes

Footnote for uncertain tax position under FIN 48 (Part X)

Management has evaluated all income tax positions and has concluded that no disclosures relating to uncertain tax positions are required in the financial statements

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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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IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RENT DEPOSITS
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT HAS EVALUATED ALL INCOME TAX POSITIONS AND HAS CONCLUDED THAT NO DISCLOSURES RELATING TO UNCERTAIN TAX POSITIONS ARE REQUIRED IN THE FINANCIAL STATEMENTS
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Footnote for uncertain tax position under FIN 48 (Part X)
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IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0SUPPLIES
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc1SERVICES
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0DONORS STANDARD
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt1DONORS STANDARD
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IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt0NON-STANDARD CONTRIBUTIONS ARE REFERRED TO A SELECT COMMITTEE OF THE BOARD OF DIRECTORS FOR REVIEW PRIOR TO ACCEPTANCE
IRS990ScheduleM/SupplementalInformationDetail/FormAndLineReferenceDesc0Additional Information for Schedule M
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0AN ELECTRONIC COPY OF FORM 990 IS SENT TO THE ENTIRE BOARD WITH A REQUEST FOR COMMENT AND A REPLY WITHIN A CERTAIN NUMBER OF DAYS, AFTER THE LAPSE OF THE TIME PERIOD THE FINANCE COMMITTEE MEETS TO DISCUSSS AND APPROVE THE FORM 990 THE PRESIDENT AND TREASURER SIGN ON BEHALF OF THE CORPORATION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1UPON JOINING THE BOARD, EACH BOARD MEMBER IS REQUIRED TO SIGN THE CORPORATIONS CONFLICT OF INTEREST STATEMENT. AT EACH ANNUAL MEETING ALL BOARD MEMBERS MUST RE-AFFIRM BY SIGNING THE STATEMENT AGAIN. THROUGHOUT THE YEAR, ANY POTENTIAL CONFLICTS OF INTEREST THAT MAY ARISE ARE DISCUSSED IN A MEETING OF THE FULL BOARD. DECISIONS ARE MADE WITHOUT THE PRESENCE OF THE INTERESTED BOARD MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANNUALLY, THE BOARD REVIEWS THE COMPENSATION OF KEY EMPLOYEES AND SETS THE LEVELS FOR THE NEXT YEAR. THE CORPORATION SURVEYS PEER DANCE COMPANIES AND ALSO RELIES ON SURVEYS COMPILED BY OTHER ORGANIZATIONS SUCH AS DANCE/USA, AND NONPROFIT TIMES. THE BOARD CONDUCTS ADDITIONAL RESEARCH USING GUIDESTAR AND OTHER TOOLS. DECISIONS ARE MADE BY THE FULL BOARD WITHOUT THE PRESENCE OF INTERESTED PARTIES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CORPORATION FOLLOWS THE SAME PROCEDURES FOR OFFICERS AND DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE CORPORATION POSTS ITS FORM 990 ON GUIDESTAR. BEYOND THAT, UPON REQUEST, THE CORPORATION WILL SEND ADDITIONAL INFORMATION TO THE INQUIRER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS SUCH AS BY-LAWS AND CERTIFICATE OF INCORPORATION MAY BE PROVIDED TO THE GENERAL PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6PRODUCTION 4,563GUEST DANCERS AND MUSICIANS 1,200TECHNICAL AND OTHER FEES 30PROFESSIONAL FEES 6,640MEALS AND LODGING 27,868GENERAL INSURANCE 1,322TRANSPORTATION 1,965TELEPHONE AND COMMUNICATION 3,875POSTAGE AND DELIVERY 449IN-KIND SUPPLIES 3,500IN KIND SERVICES 29,598 TOTAL OTHER EXPENSES 81,010
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990 availability to public Part VI line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6List of other expenses Part IX line 24e
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IRS990/TotalAssetsBOYAmt0301197

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.$0.20$0.01$0.19$0.17$0.28$0.10
2023Detailed filing. Detailed filing data is available for this year.$0.30$0.01$0.30$0.29$0.31$0.02
2022Detailed filing. Detailed filing data is available for this year.$0.34$0.03$0.32$0.51$0.37$0.14
2021Detailed filing. Detailed filing data is available for this year.$0.30$0.12$0.18$0.28$0.26$0.02
2020Summary only. Only limited summary data is available for this year.$0.24$0.08$0.16$0.38$0.37$0.01
2019Summary only. Only limited summary data is available for this year.$0.21$0.05$0.15$0.35$0.34$0.01
2018Summary only. Only limited summary data is available for this year.$0.19$0.05$0.14$0.74$0.56$0.18
2017Summary only. Only limited summary data is available for this year.$0.07$0.11$0.04$0.55$0.48$0.07
2016Summary only. Only limited summary data is available for this year.$0.07$0.17$0.10$0.54$0.52$0.02
2015Summary only. Only limited summary data is available for this year.$0.06$0.18$0.12$0.88$0.87$0.01
2014Summary only. Only limited summary data is available for this year.$0.11$0.24$0.13$0.83$0.80$0.03
2013Summary only. Only limited summary data is available for this year.$0.06$0.22$0.16$0.71$0.72$0.01
2012Summary only. Only limited summary data is available for this year.$0.09$0.24$0.15$0.75$0.81$0.06
2011Summary only. Only limited summary data is available for this year.$0.17$0.25$0.09$1.02$1.01$0.01