Civic Intelligence

Covenant Ballet Theatre of Brooklyn

EIN 26-1136590 • 501(c)3 • Brooklyn, NY

Profile

A contemporary ballet dance acedemy dedicated to providing an excellent local alternative for professional and standard performance and dance instruction.

251 Avenue UBrooklyn, NY 11223

www.covenantballet.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

83rd percentile

0.43x

Higher debt load relative to assets than 83% of similar nonprofits.

NTEE A62 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

88th percentile

0.30x

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

NTEE A62 • <$500k nonprofits • Source year 2024

Net Margin

44th percentile

1.5%

Higher net margin than 44% of similar nonprofits.

NTEE A62 • <$500k nonprofits • Source year 2024

Top Officer Pay

99th percentile

$80,000

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 16.8% of source-year revenue.

NTEE A62 • <$500k nonprofits • Source year 2024

Asset Growth

37th percentile

-6.7%

Faster asset growth than 37% of similar nonprofits.

NTEE A62 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

41st percentile

-2.2%

Faster revenue growth than 41% of similar nonprofits.

NTEE A62 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Down

$338,331

Down $24,464 (-6.7%) from 2023

Liabilities

Down

$144,527

Down $31,605 (-18%) from 2023

Net Assets

Up

$193,804

Up $7,141 (+3.8%) from 2023

Revenue

Down

$475,054

Down $10,477 (-2.2%) from 2023

Expenses

Up

$467,913

Up $284 (+0.1%) from 2023

Net Income

Down

$7,141

Down $10,761 (-60%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$400K$300K$200K$100K$0-$100KAssets 2013: $29,654Liabilities 2013: $34,350Net Assets 2013: -$4,6962013Assets 2017: $275,238Liabilities 2017: $45,835Net Assets 2017: $229,4032017Assets 2018: $217,683Liabilities 2018: $25,234Net Assets 2018: $192,4492018Assets 2019: $176,029Liabilities 2019: $9,637Net Assets 2019: $166,3922019Assets 2020: $173,811Liabilities 2020: $36,528Net Assets 2020: $137,2832020Assets 2021: $210,557Liabilities 2021: $14,244Net Assets 2021: $196,3132021Assets 2022: $191,597Liabilities 2022: $22,836Net Assets 2022: $168,7612022Assets 2023: $362,795Liabilities 2023: $176,132Net Assets 2023: $186,6632023Assets 2024: $338,331Liabilities 2024: $144,527Net Assets 2024: $193,8042024

Highlighted filing

2024

Assets$338,331
Liabilities$144,527
Net Assets$193,804

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200KExpenses 2013: $249,2912013Revenue 2017: $452,438Expenses 2017: $216,038Net Income 2017: $236,4002017Revenue 2018: $249,763Expenses 2018: $286,695Net Income 2018: -$36,9322018Revenue 2019: $296,890Expenses 2019: $322,947Net Income 2019: -$26,0572019Revenue 2020: $294,169Expenses 2020: $323,278Net Income 2020: -$29,1092020Revenue 2021: $350,774Expenses 2021: $291,744Net Income 2021: $59,0302021Revenue 2022: $325,780Expenses 2022: $349,312Net Income 2022: -$23,5322022Revenue 2023: $485,531Expenses 2023: $467,629Net Income 2023: $17,9022023Revenue 2024: $475,054Expenses 2024: $467,913Net Income 2024: $7,1412024

Highlighted filing

2024

Revenue$475,054
Expenses$467,913
Net Income$7,141

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Sep 1, 2023 to Aug 31, 2024
Signed
May 29, 2025
Return Version
2023v6.0
Gross Receipts
$489,931
Mission and Program Overview

Mission

A contemporary ballet dance acedemy dedicated to providing an excellent local alternative for professional and standard performance and dance instruction.

To provide an excellent local alternative for professional and standard performance and dance instruction.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$137,008$169,852▲ $32,844
Land, Buildings, and Equipment, Net$68,697$51,523▼ $17,174
Prepaid Expenses and Deferred Charges-$13,242-
Accounts Receivable$15,274$4,305▼ $10,969
Total Assets$362,795$338,331▼ $24,464
Other Assets Total$141,816$99,409▼ $42,407
Liabilities
Other Liabilities$148,391$103,984▼ $44,407
Deferred Revenue$17,518$36,300▲ $18,782
Accounts Payable and Accrued Expenses$10,223$4,243▼ $5,980
Total Liabilities$176,132$144,527▼ $31,605
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$173,098$190,895▲ $17,797
Net Assets With Donor Restrictions$13,565$2,909▼ $10,656
Total Net Assets Fund Balance$186,663$193,804▲ $7,141
Total Liabilities and Net Assets / Fund Balance$362,795$338,331▼ $24,464

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$51,523$120,218$171,741
Other Land Buildings$0$7,500$7,500
Other Assets Org$95,409--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sonia K JonesExecutive DirectorFT$80,000-$80,000
Marla a HirokawaTreasurer & Artistic DirecFT$60,000$4,215$64,215

Board Members and Trustees

NameTitle
Steven B RissmanPresident
Frank PrattDirector
Laurie HamanoDirector
Lisa Tachick HooperDirector
Briana ParkerSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$290,149
Program Service Revenue
$184,905
Investment Income
$0
Other Revenue
$0
All Other Contributions
$195,178
Change in Net Assets
$7,141
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$287,136
Salaries, Compensation, and Employee Benefits$180,777
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$57,686$86,529-$144,215
Fees for Services Other$142,155--$142,155
Occupancy$49,742$5,527-$55,269
Other Salaries and Wages$8,800$13,200-$22,000
Depreciation Depletion$15,457$1,717-$17,174
Office Expenses$16,238$866-$17,104
Payroll Taxes$5,825$8,737-$14,562
Fees for Services Accounting-$14,040-$14,040
Advertising$5,007--$5,007
Information Technology$4,190--$4,190
Other Expenses$3,488$249-$3,737
All Other Expenses$3,622--$3,622
Insurance-$995-$995
Total Functional Expenses$336,053$131,860$0$467,913
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$14,877
Fundraising Gross Income$14,877
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Cocktail Caper 2023$66,310$14,877$14,877$0
Total Events$66,310$14,877$14,877$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
Lease Liability - Operating Lease$103,984
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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, Part VI, Section B, Line 11B

A draft of the 990 is distributed to a committee for review prior to being submitted. The final 990 is distributed to the entire board after it is filed.

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

The organization regularly and consistently monitors and enforces compliance with the conflict of interest policy by reviewing the disclosed conflict of interest forms and discussing the conflict of interest with the interested person then discussing the matter with the board of directors.

Form 990, Part VI, Section B, Line 15

The organization requires the review and approval by the board of directors or compensation committee, the use of data as to comparable compensation and contemporaneous documentation and recordkeeping.

Form 990, Part VI, Section C, Line 19

These documents are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Covenant Ballet Theatre of Brooklyn
EIN
26-1136590
Phone
7188916199
Address
251 AVENUE U, BROOKLYN, NY 11223

Signing Officer

Name
Marla Hirokawa
Title
Treasurer & Artistic Director
Phone
7188916199
Signed
2025-05-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marla Hirokawa
Formed
2007
Legal Domicile
Ny
Voting Board Members
6
Independent Board Members
5
Employees
3
Volunteers
12

Preparer

Firm
Skody Scot & Co Cpas Pc
Address
520 EIGHTH AVE SUITE 2200, NEW YORK, NY 10018
Preparer
William Skody
Phone
2129671100
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Consultants and outside services: program service expenses 142,155. Management and general expenses 0. Fundraising expenses 0. Total expenses 142,155.

FORM 990. PART XII, LINE 2C:

The process has not changed from prior year.

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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0195557
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0231463
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0160627
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01202061
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0184905
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0175396
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0130223
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0119311
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0133542
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0743377
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.88540
IRS990ScheduleA/PublicSupportPY509Pct00.87950
IRS990ScheduleA/PublicSupportTotal509Amt01722412
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt065000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt055275
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt035576
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt036175
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt031000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0223026
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0475054
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0499661
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0325780
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0350774
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0294169
IRS990ScheduleA/Total509Grp/TotalAmt01945438
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0475054
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0499661
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0325780
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0350774
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0294169
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01945438
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt051523
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0120218
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0171741
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt04000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt195409
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RIGHT-OF-USE ASSET - OPERATING LEASE
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt07500
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt07500
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0103984
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LEASE LIABILITY - OPERATING LEASE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt051523
IRS990ScheduleD/TotalBookValueOtherAssetsAmt099409
IRS990ScheduleD/TotalLiabilityAmt0103984
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt051433
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt051433
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt014877
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0COCKTAIL CAPER 2023
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt066310
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt066310
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt014877
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt014877
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt014877
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt014877
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A DRAFT OF THE 990 IS DISTRIBUTED TO A COMMITTEE FOR REVIEW PRIOR TO BEING SUBMITTED. THE FINAL 990 IS DISTRIBUTED TO THE ENTIRE BOARD AFTER IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY BY REVIEWING THE DISCLOSED CONFLICT OF INTEREST FORMS AND DISCUSSING THE CONFLICT OF INTEREST WITH THE INTERESTED PERSON THEN DISCUSSING THE MATTER WITH THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION REQUIRES THE REVIEW AND APPROVAL BY THE BOARD OF DIRECTORS OR COMPENSATION COMMITTEE, THE USE OF DATA AS TO COMPARABLE COMPENSATION AND CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THESE DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CONSULTANTS AND OUTSIDE SERVICES: PROGRAM SERVICE EXPENSES 142,155. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 142,155.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990. PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0362795
IRS990/TotalAssetsEOYAmt0338331
IRS990/TotalAssetsGrp/BOYAmt0362795
IRS990/TotalAssetsGrp/EOYAmt0338331
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0290149
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0131860
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0336053
IRS990/TotalFunctionalExpensesGrp/TotalAmt0467913
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0176132
IRS990/TotalLiabilitiesEOYAmt0144527
IRS990/TotalLiabilitiesGrp/BOYAmt0176132
IRS990/TotalLiabilitiesGrp/EOYAmt0144527
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0186663
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0193804
IRS990/TotalOtherCompensationAmt04215
IRS990/TotalProgramServiceExpensesAmt0336053
IRS990/TotalProgramServiceRevenueAmt0184905
IRS990/TotalReportableCompFromOrgAmt0140000
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0184905
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0475054
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt012
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0362795
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0338331
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0251 AVENUE U

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