Civic Intelligence

Koresh Dance Company

990 • Fiscal year 2013 • EIN 23-2703616

Jan 01, 2013 to Dec 31, 2013 • Filed on Jun 02, 2014

2002 Rittenhouse Square19103

(215) 751-0959

Siviq Scores

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

Liabilities / Assets

49th percentile

0.11x

Higher debt load relative to assets than 49% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

36th percentile

0.05x

Higher debt load relative to revenue than 36% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Net Margin

89th percentile

43%

Higher net margin than 89% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Top Officer Pay

49th percentile

$48,100

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 2.7% of source-year revenue.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Asset Growth

100th percentile

1256%

Faster asset growth than 100% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2012 to 2013

Revenue Growth

92nd percentile

88%

Faster revenue growth than 92% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2012 to 2013

Assets

Up

$829,659

Up $768,458 (+1256%) from 2012

Net Assets

Up

$738,483

Up $756,705 (+4153%) from 2012

Liabilities

Up

$91,176

Up $11,753 (+15%) from 2012

Revenue

Up

$1,752,446

Up $821,540 (+88%) from 2012

Expenses

Up

$995,741

Up $84,805 (+9.3%) from 2012

Net Income

Up

$756,705

Up $736,735 (+3689%) from 2012

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2010: $95,520Liabilities 2010: $113,962Net Assets 2010: -$18,4422010Assets 2011: $59,895Liabilities 2011: $98,087Net Assets 2011: -$38,1922011Assets 2012: $61,201Liabilities 2012: $79,423Net Assets 2012: -$18,2222012Assets 2013: $829,659Liabilities 2013: $91,176Net Assets 2013: $738,4832013Assets 2014: $2,333,955Liabilities 2014: $1,620,407Net Assets 2014: $713,5482014Assets 2015: $2,128,013Liabilities 2015: $1,703,310Net Assets 2015: $424,7032015Assets 2016: $1,785,676Liabilities 2016: $1,599,221Net Assets 2016: $186,4552016Assets 2017: $1,769,539Liabilities 2017: $1,562,028Net Assets 2017: $207,5112017Assets 2018: $1,786,201Liabilities 2018: $1,644,402Net Assets 2018: $141,7992018Assets 2019: $1,794,305Liabilities 2019: $1,646,213Net Assets 2019: $148,0922019Assets 2020: $2,029,886Liabilities 2020: $1,679,534Net Assets 2020: $350,3522020Assets 2021: $2,196,675Liabilities 2021: $1,625,944Net Assets 2021: $570,7312021Assets 2022: $2,320,630Liabilities 2022: $1,598,977Net Assets 2022: $721,6532022Assets 2023: $2,110,861Liabilities 2023: $1,560,247Net Assets 2023: $550,6142023Assets 2024: $1,795,730Liabilities 2024: $1,525,835Net Assets 2024: $269,8952024

Highlighted filing

2013

Assets$829,659
Liabilities$91,176
Net Assets$738,483

Operations Trend

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

$2.0M$1.0M$0-$1.0MExpenses 2010: $915,2812010Expenses 2011: $882,6232011Revenue 2012: $930,906Expenses 2012: $910,936Net Income 2012: $19,9702012Revenue 2013: $1,752,446Expenses 2013: $995,741Net Income 2013: $756,7052013Revenue 2014: $1,252,158Expenses 2014: $1,277,093Net Income 2014: -$24,9352014Revenue 2015: $917,103Expenses 2015: $1,205,948Net Income 2015: -$288,8452015Revenue 2016: $895,441Expenses 2016: $1,133,689Net Income 2016: -$238,2482016Revenue 2017: $1,124,251Expenses 2017: $1,064,933Net Income 2017: $59,3182017Revenue 2018: $1,081,436Expenses 2018: $1,147,148Net Income 2018: -$65,7122018Revenue 2019: $1,133,779Expenses 2019: $1,127,486Net Income 2019: $6,2932019Revenue 2020: $931,335Expenses 2020: $729,075Net Income 2020: $202,2602020Revenue 2021: $1,130,704Expenses 2021: $910,325Net Income 2021: $220,3792021Revenue 2022: $1,303,501Expenses 2022: $1,152,579Net Income 2022: $150,9222022Revenue 2023: $1,031,510Expenses 2023: $1,194,349Net Income 2023: -$162,8392023Revenue 2024: $907,593Expenses 2024: $1,188,312Net Income 2024: -$280,7192024

Highlighted filing

2013

Revenue$1,752,446
Expenses$995,741
Net Income$756,705
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Jun 2, 2014
Return Version
2013v3.1
Gross Receipts
$1,781,565
Mission and Program Overview

Mission

Promote dance and dance education to the community

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable-$438,276-
Cash and Non-Interest-Bearing Accounts$26,667$224,578▲ $197,911
Land, Buildings, and Equipment, Net$30,534$166,805▲ $136,271
Total Assets$61,201$829,659▲ $768,458
Other Assets Total$4,000--
Liabilities
Other Liabilities$61,777$73,677▲ $11,900
Accounts Payable and Accrued Expenses$17,646$17,499▼ $147
Total Liabilities$79,423$91,176▲ $11,753
Net Assets / Fund Balance
Temporarily Rstr Net Assets$12,921$624,511▲ $611,590
Unrestricted Net Assets$-31,143$113,972▲ $145,115
Total Net Assets Fund Balance$-18,222$738,483▲ $756,705
Total Liabilities and Net Assets / Fund Balance$61,201$829,659▲ $768,458
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Alon KoreshExec. DirectFT$48,100$48,100
Ronen KoreshArtistic DirectorFT$41,600$41,600

Board Members and Trustees

NameTitle
Steve LazinPresident
Alessandra NicolasBoard Member
Ellen VarenhorstBoard Member
Leslie Baker BorisBoard Member
Niza DavidsonBoard Member
Toni Alperin GoldbergBoard Member
William DuncanBoard Member
David CooperVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$1,090,143
Program Service Revenue
$691,422
Investment Income
$-29,119
Other Revenue
$0
All Other Contributions
$1,090,143
Change in Net Assets
$756,705

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,752,446
Total Revenue per Audited Statements
$1,752,446
Total Revenue per Form 990
$1,752,446
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$599,653
Other Expenses$393,388
Total Fundraising Expense$58,808
Grants and Similar Amounts Paid$2,700
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$381,480$19,842$29,729$431,051
Occupancy$138,586$15,169$8,146$161,901
Current Officers, Directors, Trustees, and Key Employees$41,600$38,480$9,620$89,700
Payroll Taxes$45,349$4,388$4,487$54,224
Travel$53,196--$53,196
Advertising$33,308--$33,308
All Other Expenses$22,556$7,384$1,990$31,930
Other Employee Benefits$20,639$1,997$2,042$24,678
Office Expenses$4,462$13,706$1,557$19,725
Other Expenses$13,093$2,303$1,237$16,633
Fees for Services Accounting-$9,100-$9,100
Interest$8,094--$8,094
Depreciation Depletion-$3,693-$3,693
Grants to Domestic Orgs$2,700--$2,700
Fees for Services Legal-$2,400-$2,400
Total Functional Expenses$782,525$154,408$58,808$995,741

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$995,741
Total Expenses per Audited Statements$995,741
Total Expenses per Form 990$995,741
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
Credit Cards Payable$63,677
Loans From Donors$10,000
Payable to Board Members-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
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

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 15A

Compensation is reviewed by the board

Form 990, Page 6, Part VI, Line 15B

Compensation is reviewed by the board

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

EIN
23-2703616
Phone
2157510959

Signing Officer

Name
Steve Lazin
Title
President
Phone
2157510959
Signed
2014-06-02
Discuss with paid preparer
Yes

Organization Details

Formed
1993
Legal Domicile
Pa
Voting Board Members
10
Independent Board Members
10
Employees
38
Volunteers
10

Preparer

Preparer
Geoffrey B Rorabaugh
Phone
6106676080
Supplemental Narrative

Additional Explanations

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

Direct education services to the public & community. Development of a dance repertory to public & community.

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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/ExplanationTxt2COMPENSATION IS REVIEWED BY THE BOARD
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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.$1.80$1.53$0.27$0.91$1.19$0.28
2023Detailed filing. Detailed filing data is available for this year.$2.11$1.56$0.55$1.03$1.19$0.16
2022Detailed filing. Detailed filing data is available for this year.$2.32$1.60$0.72$1.30$1.15$0.15
2021Detailed filing. Detailed filing data is available for this year.$2.20$1.63$0.57$1.13$0.91$0.22
2020Detailed filing. Detailed filing data is available for this year.$2.03$1.68$0.35$0.93$0.73$0.20
2019Detailed filing. Detailed filing data is available for this year.$1.79$1.65$0.15$1.13$1.13$0.01
2018Detailed filing. Detailed filing data is available for this year.$1.79$1.64$0.14$1.08$1.15$0.07
2017Detailed filing. Detailed filing data is available for this year.$1.77$1.56$0.21$1.12$1.06$0.06
2016Detailed filing. Detailed filing data is available for this year.$1.79$1.60$0.19$0.90$1.13$0.24
2015Detailed filing. Detailed filing data is available for this year.$2.13$1.70$0.42$0.92$1.21$0.29
2014Detailed filing. Detailed filing data is available for this year.$2.33$1.62$0.71$1.25$1.28$0.02
2013Detailed filing. Detailed filing data is available for this year.$0.83$0.09$0.74$1.75$1.00$0.76
2012Summary only. Only limited summary data is available for this year.$0.06$0.08$0.02$0.93$0.91$0.02
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.06$0.10$0.04$0.88
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.10$0.11$0.02$0.92