Civic Intelligence

The Foundation for Dance Education DBA Inland Pacific Ballet

990 • Fiscal year 2018 • EIN 33-0678324

Sep 01, 2017 to Aug 31, 2018 • Filed on Oct 23, 2018

9061 Central AvenueMontclair, CA 91763

(909) 482-1590

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.92x

Higher debt load relative to assets than 92% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

76th percentile

0.22x

Higher debt load relative to revenue than 76% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

27th percentile

-5.6%

Higher net margin than 27% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

6th percentile

-32%

Faster asset growth than 6% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

71st percentile

19%

Faster revenue growth than 71% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Up

$191,235

Up $4,046 (+2.2%) from 2016

Net Assets

Up

$15,768

Up $81,771 (+124%) from 2016

Liabilities

Down

$175,467

Down $77,725 (-31%) from 2016

Revenue

Up

$807,719

Up $327,668 (+68%) from 2016

Expenses

Up

$852,797

Up $381,875 (+81%) from 2016

Net Income

Down

-$45,078

Down $54,207 (-594%) from 2016

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0-$200KAssets 2015: $230,291Liabilities 2015: $305,423Net Assets 2015: -$75,1322015Assets 2016: $187,189Liabilities 2016: $253,192Net Assets 2016: -$66,0032016Assets 2018: $191,235Liabilities 2018: $175,467Net Assets 2018: $15,7682018Assets 2019: $220,805Liabilities 2019: $221,927Net Assets 2019: -$1,1222019Assets 2020: $182,925Liabilities 2020: $220,082Net Assets 2020: -$37,1572020Assets 2021: $639,576Liabilities 2021: $155,659Net Assets 2021: $483,9172021

Highlighted filing

2018

Assets$191,235
Liabilities$175,467
Net Assets$15,768

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2015: $784,083Expenses 2015: $819,327Net Income 2015: -$35,2442015Revenue 2016: $480,051Expenses 2016: $470,922Net Income 2016: $9,1292016Revenue 2018: $807,719Expenses 2018: $852,797Net Income 2018: -$45,0782018Revenue 2019: $896,029Expenses 2019: $912,919Net Income 2019: -$16,8902019Revenue 2020: $588,816Expenses 2020: $624,851Net Income 2020: -$36,0352020Revenue 2021: $695,441Expenses 2021: $174,367Net Income 2021: $521,0742021

Highlighted filing

2018

Revenue$807,719
Expenses$852,797
Net Income-$45,078
Jump To
Filing Snapshot
Filing Period
Sep 1, 2017 to Aug 31, 2018
Signed
Oct 23, 2018
Return Version
2017v2.3
Gross Receipts
$842,357
Mission and Program Overview

Mission

To provide ballet training & educational programs; to provide an opportunity for children and adults to participate; to encourage appreciation of the ballet and dance.

Inland pacific ballet's mission is to build and sustain a professional ballet company of national stature in the inland empire of southern california. Inland pacific ballet is committed to producing exquisitely staged productions of full-length classic story ballets as well as presenting the best in contemporary choreography. Through creative marketing and an extensive outreach program, inland pacific ballet works to introduce new audiences to the magic of ballet and live theater, and to make the experience more available and accessible to all. Inland pacific ballet is also committed to the continued nurturing of new talent, providing an essential training ground for serious young dancers.

Balance Sheet Detail
LineBeginningEndChange
Assets
Loans From Officers Directors$180,011$152,591▼ $27,420
Land, Buildings, and Equipment, Net$154,158$130,125▼ $24,033
Cash and Non-Interest-Bearing Accounts$82,571$33,471▼ $49,100
Pledges and Grants Receivable$29,800$14,900▼ $14,900
Inventories for Sale or Use$4,938$12,739▲ $7,801
Total Assets$281,467$191,235▼ $90,232
Other Assets Total$10,000$0▼ $10,000
Liabilities
Accounts Payable and Accrued Expenses$40,347$22,112▼ $18,235
Other Liabilities$264$764▲ $500
Total Liabilities$220,622$175,467▼ $45,155
Net Assets / Fund Balance
Temporarily Rstr Net Assets$29,800$14,900▼ $14,900
Unrestricted Net Assets$31,045$868▼ $30,177
Total Net Assets Fund Balance$60,845$15,768▼ $45,077
Total Liabilities and Net Assets / Fund Balance$281,467$191,235▼ $90,232

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$105,557$326,121$431,678
Leasehold Improvements$23,840$24,424$48,264
Equipment$728$1,259$1,987
Compensation and Service Providers

Board Members and Trustees

NameTitle
Victoria KoenigPresident/director
Jonathan SharpDirector
Dr William BescobySecretary
Virginia EatonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$56,387
Program Service Revenue
$684,913
Investment Income
$0
Other Revenue
$66,419
All Other Contributions
$56,387
Change in Net Assets
$-45,078

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$567,146
Salaries, Compensation, and Employee Benefits$285,651
Total Fundraising Expense$38,901
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$248,768$23,610$5,000$277,378
Fees for Services Other$58,348$3,573$26,693$88,614
Insurance$23,293$9,983-$33,276
Occupancy$29,213--$29,213
Depreciation Depletion$23,976$58-$24,034
Advertising$21,000-$989$21,989
Other Expenses$11,436$20$1,462$11,436
Travel$9,238-$171$9,409
Payroll Taxes$5,791$2,482-$8,273
Office Expenses-$5,755-$5,755
All Other Expenses$1,055$791$3,019$4,865
Fees for Services Accounting-$1,687-$1,687
Interest-$805-$805
Total Functional Expenses$765,132$48,764$38,901$852,797
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-50% OWNED BY THE DIRECTOR OF THE BALLETTHE ACADEMY PROVIDES SPACE, UTILITIES AND ASSISTANCE WITH BALLET TRAINING AND PRODUCTION. AMOUNTS HAVE BEEN ACCRUING, AND $42,342 WAS PAID AGAINST THE BALANCE DURING THE CURRENT FISCAL YEAR.No$42,342

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$180,011$152,591▼ $27,420
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Credit Cards Payable$764
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with family members
Yes
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

The governing board reviews the form 990 prior to its filing at a regular board meeting.

Form 990, Part VI, Section C, Line 19

UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
The Foundation for Dance Education
EIN
33-0678324
Phone
9094821590
Address
9061 CENTRAL AVENUE, MONTCLAIR, CA 91763

Signing Officer

Name
Victoria Koenig
Title
President
Phone
9094821590
Signed
2018-10-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Victoria Koenig
Formed
1993
Legal Domicile
CA
Voting Board Members
4
Independent Board Members
4
Employees
7
Volunteers
135

Preparer

Firm
Powell Spafford & Landry Inc
Address
PO BOX 8847, REDLANDS, CA 92375
Preparer
Pat Spafford CPA
Phone
9097921852
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Other miscellaneous fees: program service expenses 0. Management and general expenses 3,509. Fundraising expenses 0. Total expenses 3,509. Marketing, development and production: program service expenses 58,348. Management and general expenses 64. Fundraising expenses 26,693. Total expenses 85,105.

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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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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt025024
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt08016
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt09082
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt010564
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt010886
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt063572
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0726307
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0548826
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0433312
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0657797
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0584107
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02950349
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt025024
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt08016
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt09082
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt010564
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt010886
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt063572
IRS990ScheduleA/InvestmentIncomeCYPct00.01840
IRS990ScheduleA/InvestmentIncomePYPct00.01450
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98160
IRS990ScheduleA/PublicSupportPY509Pct00.98550
IRS990ScheduleA/PublicSupportTotal509Amt03392725
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0782694
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0671925
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0470969
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0773282
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0693855
IRS990ScheduleA/Total509Grp/TotalAmt03392725
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0807718
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0679941
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0480051
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0783846
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0704741
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03456297
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt0728
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01259
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01987
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt023840
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt024424
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt048264
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0105557
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0326121
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0431678
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0764
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CREDIT CARDS PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0130125
IRS990ScheduleD/TotalLiabilityAmt0764
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0DANCE INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt050% OWNED BY THE DIRECTOR OF THE BALLET
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt042342
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0THE ACADEMY PROVIDES SPACE, UTILITIES AND ASSISTANCE WITH BALLET TRAINING AND PRODUCTION. AMOUNTS HAVE BEEN ACCRUING, AND $42,342 WAS PAID AGAINST THE BALANCE DURING THE CURRENT FISCAL YEAR.
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt0152591
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine1Txt0DANCE INC DBA INLAND PACIFIC BALLET ACADEMY
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0TO ASSIST BALLET WITH CASH FLOW.
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0180011
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd00
IRS990ScheduleL/TotalBalanceDueAmt0152591
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt0INKIND CONTRIBUTIONS FROM DANCE INC., DBA INLAND PACIFIC BALLET ACADEMY HAVE NOT BEEN INCLUDED IN REVENUE AS RESULT OF THIS ORGANIZATIONS BEING CONSIDERED AN INTERESTED PERSON.
IRS990ScheduleM/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 33:
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE GOVERNING BOARD REVIEWS THE FORM 990 PRIOR TO ITS FILING AT A REGULAR BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2OTHER MISCELLANEOUS FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 3,509. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,509. MARKETING, DEVELOPMENT AND PRODUCTION: PROGRAM SERVICE EXPENSES 58,348. MANAGEMENT AND GENERAL EXPENSES 64. FUNDRAISING EXPENSES 26,693. TOTAL EXPENSES 85,105.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt029800
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt014900
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0281467
IRS990/TotalAssetsEOYAmt0191235
IRS990/TotalAssetsGrp/BOYAmt0281467
IRS990/TotalAssetsGrp/EOYAmt0191235
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt056387
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt038901
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt048764
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0765132
IRS990/TotalFunctionalExpensesGrp/TotalAmt0852797
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0220622
IRS990/TotalLiabilitiesEOYAmt0175467
IRS990/TotalLiabilitiesGrp/BOYAmt0220622
IRS990/TotalLiabilitiesGrp/EOYAmt0175467
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt060845
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt015768
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0765132
IRS990/TotalProgramServiceRevenueAmt0684913
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt066419
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0684913
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0807719
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0135
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0281467
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0191235
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt0171
IRS990/TravelGrp/ProgramServicesAmt09238
IRS990/TravelGrp/TotalAmt09409
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt031045
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0868
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt09061 CENTRAL AVENUE
IRS990/USAddress/CityNm0MONTCLAIR
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd091763
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0WWW.IPBALLET.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0VICTORIA KOENIG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09094821590
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-10-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE FOUNDATION FOR DANCE EDUCATION
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0DBA INLAND PACIFIC BALLET
ReturnHeader/Filer/BusinessNameControlTxt0FOUN
ReturnHeader/Filer/EIN0330678324

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