Civic Intelligence

The Ruth Page Foundation

990 • Fiscal year 2021 • EIN 23-7069159

Jul 01, 2020 to Jun 30, 2021 • Filed on May 16, 2022

1016 N Dearborn ParkwayChicago, IL 60610

(312) 923-2687

Siviq Scores

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

Liabilities / Assets

45th percentile

0.13x

Higher debt load relative to assets than 45% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

87th percentile

1.71x

Higher debt load relative to revenue than 87% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Net Margin

4th percentile

-54%

Higher net margin than 4% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2021

Asset Growth

23rd percentile

0.2%

Faster asset growth than 23% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2021

Revenue Growth

20th percentile

-7.2%

Faster revenue growth than 20% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2021

Assets

Up

$16,465,863

Up $51,425 (+0.3%) from 2019

Net Assets

Down

$14,298,417

Down $315,290 (-2.2%) from 2019

Liabilities

Up

$2,167,446

Up $366,715 (+20%) from 2019

Revenue

Down

$1,270,200

Down $205,244 (-14%) from 2019

Expenses

Down

$1,955,060

Down $120,734 (-5.8%) from 2019

Net Income

Down

-$684,860

Down $84,510 (-14%) from 2019

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2019: $16,414,438Liabilities 2019: $1,800,731Net Assets 2019: $14,613,7072019Assets 2021: $16,465,863Liabilities 2021: $2,167,446Net Assets 2021: $14,298,4172021Assets 2022: $13,823,879Liabilities 2022: $2,049,840Net Assets 2022: $11,774,0392022Assets 2024: $13,592,627Liabilities 2024: $2,107,261Net Assets 2024: $11,485,3662024

Highlighted filing

2021

Assets$16,465,863
Liabilities$2,167,446
Net Assets$14,298,417

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2019: $1,475,444Expenses 2019: $2,075,794Net Income 2019: -$600,3502019Revenue 2021: $1,270,200Expenses 2021: $1,955,060Net Income 2021: -$684,8602021Revenue 2022: $1,866,896Expenses 2022: $2,257,208Net Income 2022: -$390,3122022Revenue 2024: $1,769,116Expenses 2024: $2,276,094Net Income 2024: -$506,9782024

Highlighted filing

2021

Revenue$1,270,200
Expenses$1,955,060
Net Income-$684,860
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 16, 2022
Return Version
2020v4.2
Gross Receipts
$9,899,955
Mission and Program Overview

Mission

The ruth page foundation (the foundation) is a nonprofit organization which operates the ruth page center and ruth page school of dance (the school), the mission of which is the development of dance and its related arts, including training and education of dancers and choreographers in the production of performing arts.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$11,447,343$12,348,881▲ $901,538
Savings and Temporary Cash Investments$2,002,205$2,363,485▲ $361,280
Land, Buildings, and Equipment, Net$1,451,267$1,643,944▲ $192,677
Pledges and Grants Receivable$20,000--
Cash and Non-Interest-Bearing Accounts$-18,777$14,850▲ $33,627
Prepaid Expenses and Deferred Charges$14,592--
Total Assets$15,010,833$16,465,863▲ $1,455,030
Other Assets Total$94,203$94,703▲ $500
Liabilities
Other Liabilities$1,624,214$1,905,113▲ $280,899
Mortgage Notes Payable Secured by Investment Property$185,600$161,080▼ $24,520
Accounts Payable and Accrued Expenses$44,346$55,074▲ $10,728
Deferred Revenue$46,179$46,179→ $0
Total Liabilities$1,900,339$2,167,446▲ $267,107
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$13,084,113$14,272,036▲ $1,187,923
Net Assets With Donor Restrictions$26,381$26,381→ $0
Total Net Assets Fund Balance$13,110,494$14,298,417▲ $1,187,923
Total Liabilities and Net Assets / Fund Balance$15,010,833$16,465,863▲ $1,455,030

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,174,684$508,399$1,683,083
Land$375,868-$375,868
Equipment$93,392$208,537$301,929
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Venetia StiflerVice-presidentFT$124,615$6,250$130,865
Silvino Da SilvaSecretaryFT$93,654$4,050$97,704

Board Members and Trustees

NameTitle
Thea FlaumChair & President
Dan ConleyDirector
Gloria L MaterreDirector
Juliet S SorensenDirector
Kristin R BealDirector
Luz Maria SantamarinaDirector
Salme Harju SteinbergDirector
Sasha GerritsonDirector
Steve SacksDirector
Carla WatsonDirector - Past
Sara S SchumannTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$432,733
Program Service Revenue
$340,360
Investment Income
$478,365
Other Revenue
$18,742
All Other Contributions
$243,255
Change in Net Assets
$-684,860
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,039,018
Salaries, Compensation, and Employee Benefits$916,042
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$430,758$169,935-$600,693
Current Officers, Directors, Trustees, and Key Employees$127,503$50,300-$177,803
Office Expenses$27,969$147,730-$175,699
Fees for Services Other$121,993$32,482-$154,475
Payroll Taxes$64,158$25,311-$89,469
Travel$75,708$13,360-$89,068
Fees for Service Investment Mgmnt Fees$56,398$10,329-$66,727
Depreciation Depletion$56,199$9,918-$66,117
Fees for Services Legal$44,457$7,845-$52,302
Insurance$41,185$7,268-$48,453
Other Employee Benefits$40,865$7,212-$48,077
Interest$31,354$5,533-$36,887
Advertising$31,803--$31,803
Fees for Services Accounting-$21,450-$21,450
Other Expenses$3,940$696-$4,636
All Other Expenses$510$90-$600
Total Functional Expenses$1,401,981$553,079$0$1,955,060
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$6,559
Fundraising Direct Expenses$0
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
Line of Credit$1,905,113
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
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 11B

A draft copy of the 990 is emailed to the board of directors for approval before filing the return.

Form 990, Part VI, Section C, Line 19

All financial statements available to the public

Filing and Contact Details

Filer

Filer Name
The Ruth Page Foundation
EIN
23-7069159
Phone
3129232687
Address
1016 N DEARBORN PARKWAY, CHICAGO, IL 60610

Signing Officer

Name
Silvino Da Silva
Title
Executive Director
Phone
3129232687
Signed
2022-05-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Silvino Da Silva
Formed
1971
Legal Domicile
Il
Voting Board Members
12
Independent Board Members
11
Employees
14
Volunteers
7

Preparer

Firm
Wsdd Cpas Ltd
Address
303 W MADISON ST SUITE 2075, CHICAGO, IL 60606-3395
Preparer
Robert Rehayem
Phone
3123326622
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Change in unrealized gain on investments 1899918.

Financial Statement Notes

PART X, LINE 2:

The foundation has been advised by the internal revenue service that it is exempt from federal income tax under section 501(c)(3) of the internal revenue code. In addition, the internal revenue service has determined that the foundation is not a private operating foundation within the meaning of section 509(a) of the internal revenue code. Accounting principles generally accepted in the united states of america require the foundation to evaluate tax positions taken by the foundation and recognize a tax liability if the foundation has taken an uncertain position that more likely than not would not be sustained upon examination by tax authorities. The foundation is subject to routine audits by taking jurisdictions; however, these are currently no audits for any tax periods in progress. During 2012, the foundation applied for termination of private foundation status with the internal revenue service. In a letter dated october 23, 2012, the foundation was advised that it will need to establish to the satisfaction of the internal revenue service that it has qualified as an orgnaization which meets the requirements of a public charitable organization for the next 60 months. In a letter dated march 2, 2018, the foundation was advised that they have terminated their private foundation status. As of june 30, 2018, the foundation will file a federal form 990 as a public charitable organization.

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IRS990/MissionDesc0THE RUTH PAGE FOUNDATION (THE FOUNDATION) IS A NONPROFIT ORGANIZATION WHICH OPERATES THE RUTH PAGE CENTER AND RUTH PAGE SCHOOL OF DANCE (THE SCHOOL), THE MISSION OF WHICH IS THE DEVELOPMENT OF DANCE AND ITS RELATED ARTS, INCLUDING TRAINING AND EDUCATION OF DANCERS AND CHOREOGRAPHERS IN THE PRODUCTION OF PERFORMING ARTS.
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IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt06559
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt013084113
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt014272036
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0147730
IRS990/OfficeExpensesGrp/ProgramServicesAmt027969
IRS990/OfficeExpensesGrp/TotalAmt0175699
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt094203
IRS990/OtherAssetsTotalGrp/EOYAmt094703
IRS990/OtherChangesInNetAssetsAmt01899918
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt07212
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt040865
IRS990/OtherEmployeeBenefitsGrp/TotalAmt048077
IRS990/OtherExpensesGrp/Desc0INDEPENDENT CONTRACTORS
IRS990/OtherExpensesGrp/Desc1REPAIR AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc2PRODUCTION COST
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS EXPENSE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt032416
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt18820
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt22384
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3696
IRS990/OtherExpensesGrp/ProgramServicesAmt0183689
IRS990/OtherExpensesGrp/ProgramServicesAmt149983
IRS990/OtherExpensesGrp/ProgramServicesAmt213509
IRS990/OtherExpensesGrp/ProgramServicesAmt33940
IRS990/OtherExpensesGrp/TotalAmt0216105
IRS990/OtherExpensesGrp/TotalAmt158803
IRS990/OtherExpensesGrp/TotalAmt215893
IRS990/OtherExpensesGrp/TotalAmt34636
IRS990/OtherLiabilitiesGrp/BOYAmt01624214
IRS990/OtherLiabilitiesGrp/EOYAmt01905113
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt012183
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt012183
IRS990/OtherRevenueTotalAmt012183
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0169935
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0430758
IRS990/OtherSalariesAndWagesGrp/TotalAmt0600693
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt025311
IRS990/PayrollTaxesGrp/ProgramServicesAmt064158
IRS990/PayrollTaxesGrp/TotalAmt089469
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt020000
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt014592
IRS990/PrincipalOfficerNm0SILVINO DA SILVA
IRS990/PriorPeriodAdjustmentsAmt0-27135
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/Desc0THEATER & STUDIO RENTA
IRS990/ProgramServiceRevenueGrp/Desc1IN-RESIDENT PROGRAM
IRS990/ProgramServiceRevenueGrp/Desc2RENTAL LICENSES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0294509
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt127930
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt217921
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt127930
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt217921
IRS990/ProgSrvcAccomActy2Grp/Desc0THE RUTH PAGE IN-RESIDENCE PROGRAM IS A HOME FOR WORKING PERFORMING ARTISTS, PROVIDING SUPPORT FOR SHARED RESOURCES AND MARKETING OPPORTUNITIES.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0210297
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt027930
IRS990/ProgSrvcAccomActy3Grp/Desc0THE FOUNDATION LICENSES OFFICE AND PERFORMANCE SPACE AT ITS FACILITY, BOTH ON A MONTH-TO-MONTH BASIS AND FOR SHORTER TERMS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0420594
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt017921
IRS990/ProhibitedTaxShelterTransInd00
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IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01395753
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-684860
IRS990/RelatedEntityInd00
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IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt02363485
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0308864
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0623878
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0222503
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt02556580
IRS990ScheduleA/InvestmentIncomeCYPct00.36970
IRS990ScheduleA/InvestmentIncomePYPct00.30430
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IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt0127337
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0181861
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.60400
IRS990ScheduleA/PublicSupportPY509Pct00.65340
IRS990ScheduleA/PublicSupportTotal509Amt04176697
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
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IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/CurrentTaxYearMinus3YearsAmt0621862
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/CurrentTaxYearMinus4YearsAmt0624841
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt02731940
IRS990ScheduleA/ThirtyThrPctSuprtTestsPY509Ind0X
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0877422
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0815918
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0933705
IRS990ScheduleA/Total509Grp/TotalAmt04176697
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01292647
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01527343
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01406755
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01283545
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt06915138

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