Civic Intelligence

Ohio Contemporary Ballet

990 • Fiscal year 2020 • EIN 34-1645238

Jul 01, 2019 to Jun 30, 2020 • Filed on Sep 02, 2020

3558 Lee RoadShaker Heights, OH 44122

(216) 397-3757

Siviq Scores

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

Liabilities / Assets

71st percentile

0.23x

Higher debt load relative to assets than 71% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

59th percentile

0.11x

Higher debt load relative to revenue than 59% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

44th percentile

3.3%

Higher net margin than 44% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

65th percentile

$47,667

Higher top officer pay than 65% of similar nonprofits.

Top officer pay equals 9.1% of source-year revenue.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

75th percentile

30%

Faster asset growth than 75% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

62nd percentile

6.3%

Faster revenue growth than 62% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Up

$251,660

Up $58,075 (+30%) from 2019

Net Assets

Up

$194,593

Up $17,475 (+9.9%) from 2019

Liabilities

Up

$57,067

Up $40,600 (+247%) from 2019

Revenue

Up

$522,223

Up $31,112 (+6.3%) from 2019

Expenses

Up

$504,748

Up $7,178 (+1.4%) from 2019

Net Income

Up

$17,475

Up $23,934 (+371%) from 2019

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2010: $82,997Liabilities 2010: $9,739Net Assets 2010: $73,2582010Assets 2011: $115,286Liabilities 2011: $9,814Net Assets 2011: $105,4722011Assets 2012: $117,482Liabilities 2012: $29,692Net Assets 2012: $87,7902012Assets 2013: $120,926Liabilities 2013: $44,468Net Assets 2013: $76,4582013Assets 2014: $112,963Liabilities 2014: $27,970Net Assets 2014: $84,9932014Assets 2015: $121,226Liabilities 2015: $17,735Net Assets 2015: $103,4912015Assets 2016: $124,801Liabilities 2016: $20,703Net Assets 2016: $104,0982016Assets 2017: $136,470Liabilities 2017: $23,462Net Assets 2017: $113,0082017Assets 2018: $196,251Liabilities 2018: $12,674Net Assets 2018: $183,5772018Assets 2019: $193,585Liabilities 2019: $16,467Net Assets 2019: $177,1182019Assets 2020: $251,660Liabilities 2020: $57,067Net Assets 2020: $194,5932020Assets 2021: $322,174Liabilities 2021: $69,007Net Assets 2021: $253,1672021Assets 2022: $254,098Liabilities 2022: $14,279Net Assets 2022: $239,8192022Assets 2023: $287,891Liabilities 2023: $10,919Net Assets 2023: $276,9722023Assets 2024: $254,356Liabilities 2024: $12,962Net Assets 2024: $241,3942024Assets 2025: $308,667Liabilities 2025: $15,573Net Assets 2025: $293,0942025

Highlighted filing

2020

Assets$251,660
Liabilities$57,067
Net Assets$194,593

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2010: $350,029Expenses 2010: $344,275Net Income 2010: $5,7542010Expenses 2011: $379,5212011Expenses 2012: $381,3132012Expenses 2013: $376,2672013Revenue 2014: $416,612Expenses 2014: $408,077Net Income 2014: $8,5352014Revenue 2015: $416,489Expenses 2015: $397,991Net Income 2015: $18,4982015Revenue 2016: $462,090Expenses 2016: $461,483Net Income 2016: $6072016Revenue 2017: $506,881Expenses 2017: $497,971Net Income 2017: $8,9102017Revenue 2018: $539,338Expenses 2018: $468,769Net Income 2018: $70,5692018Revenue 2019: $491,111Expenses 2019: $497,570Net Income 2019: -$6,4592019Revenue 2020: $522,223Expenses 2020: $504,748Net Income 2020: $17,4752020Revenue 2021: $563,203Expenses 2021: $504,628Net Income 2021: $58,5752021Revenue 2022: $625,765Expenses 2022: $639,113Net Income 2022: -$13,3482022Revenue 2023: $660,929Expenses 2023: $623,776Net Income 2023: $37,1532023Revenue 2024: $642,371Expenses 2024: $677,949Net Income 2024: -$35,5782024Revenue 2025: $779,164Expenses 2025: $727,464Net Income 2025: $51,7002025

Highlighted filing

2020

Revenue$522,223
Expenses$504,748
Net Income$17,475
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Sep 2, 2020
Return Version
2019v5.0
Gross Receipts
$522,223
Mission and Program Overview

Mission

Verb ignites audience passion and participation in contemporary dance through performance, outreach programs and community engagement.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$61,492$138,188▲ $76,696
Land, Buildings, and Equipment, Net$45,981$41,942▼ $4,039
Pledges and Grants Receivable$23,728$35,000▲ $11,272
Cash and Non-Interest-Bearing Accounts$53,068$28,494▼ $24,574
Prepaid Expenses and Deferred Charges$4,528$4,735▲ $207
Accounts Receivable$1,466--
Investments in Publicly Traded Securities$272$251▼ $21
Total Assets$193,585$251,660▲ $58,075
Other Assets Total$3,050$3,050→ $0
Liabilities
Unsecured Notes Loans Payable-$54,285-
Accounts Payable and Accrued Expenses$11,655$1,655▼ $10,000
Other Liabilities$4,812$1,127▼ $3,685
Total Liabilities$16,467$57,067▲ $40,600
Net Assets / Fund Balance
Net Assets With Donor Restrictions$38,641$109,932▲ $71,291
Net Assets Without Donor Restrictions$138,477$84,661▼ $53,816
Total Net Assets Fund Balance$177,118$194,593▲ $17,475
Total Liabilities and Net Assets / Fund Balance$193,585$251,660▲ $58,075

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$38,643$11,187$49,830
Equipment$3,299$24,147$27,446
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Margaret a CarlsonExecutive DiFT$47,667$47,667

Board Members and Trustees

NameTitle
David MdusekPresident
Anna SoskicBoard Member
Charles SheebeBoard Member
Deborah NealeBoard Member
Debra LightBoard Member
Hema SteeleBoard Member
James GrahamBoard Member
James KoehlerBoard Member
Leslie KaufmanBoard Member
Mario Clopton ZymlerBoard Member
Mary Anne GarveyBoard Member
Nadia WearschBoard Member
Richard Rinehart JrBoard Member
Robert M ShwabBoard Member
Ann EnnisPast Preside
James P FarleyPast Preside
Fredrick LautzenheiserSecretary
Ashok GuptaTreasurer
Laura ClevelandVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$369,687
Program Service Revenue
$152,536
Investment Income
$0
Other Revenue
$0
All Other Contributions
$311,186
Change in Net Assets
$17,475
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$258,546
Other Expenses$246,202
Total Fundraising Expense$27,136
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$189,880$6,400$370$196,650
Advertising$52,113$1,466$2,340$55,919
Current Officers, Directors, Trustees, and Key Employees$6,817$25,090$15,760$47,667
Fees for Services Other$40,628$80$3,263$43,971
Travel$42,733--$42,733
Occupancy$31,102$4,980$2,550$38,632
Payroll Taxes$11,456$1,834$939$14,229
Office Expenses$5,097$5,609$1,684$12,390
Fees for Services Accounting-$8,525-$8,525
Other Expenses$4,214--$4,214
Depreciation Depletion$2,019$2,019-$4,038
Information Technology-$3,603-$3,603
Insurance$2,808$450$230$3,488
Total Functional Expenses$417,556$60,056$27,136$504,748
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
Payroll Taxes Withheld and Accrued$1,127
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
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, Page 6, Part VI, Line 2

David dusek james graham married couple

Form 990, Page 6, Part VI, Line 11B

A copy of the form 990 was reviewed and approved by the executive committee of the board of directors.

Form 990, Page 6, Part VI, Line 19

The organizations governing documents and federal form 990 are made available upon request.

Filing and Contact Details

Filer

Filer Name
Verb Ballets Inc
EIN
34-1645238
Phone
2163973757
Address
3558 LEE ROAD, SHAKER HEIGHTS, OH 44122

Signing Officer

Name
Margaret a Carlson
Title
Executive Director
Phone
2163973757
Signed
2020-09-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Margaret a Carlson
Formed
1987
Legal Domicile
Oh
Voting Board Members
19
Independent Board Members
19
Employees
25
Volunteers
49

Preparer

Firm
Koester Disalvo and Fried
Address
5587 TURNEY ROAD, GARFIELD HTS, OH 44125
Preparer
Kc Koester
Phone
2164757844
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

A.there were 19 volunteer board members. B.there were 15 volunteers who worked as ushers, box office assistance and help with fundraisers c.there are 15 people on the advisory board who are consulted when needed for their expertise.

Financial Statement Notes

Schedule D, Page 3, Part X

Verb ballets complies with fasb asc 740-accounting for uncertainty in income taxes. Fasb asc 740 details how companies should recognize, measure, present and disclose uncertain tax positions that have been or are expected to be taken. As such, the financial statements would reflect expected future tax consequences of uncertain tax positions presuming the taxing authorities full knowledge of the position and all relevant facts, if they existed. Management believes that there are no uncertain tax positions. The organization's tax years that remain subject to examination by the internal revenue service are fiscal years ended june 30, 2017, and forward

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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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IRS990/Form990PartVIISectionAGrp/TitleTxt0EXECUTIVE DI
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt2PAST PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt3PAST PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6TREASURER
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IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
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IRS990/OtherExpensesGrp/Desc0CONSTUMES AND PROPS
IRS990/OtherExpensesGrp/Desc1PRODUCTION EXPENES
IRS990/OtherExpensesGrp/Desc2STAGING
IRS990/OtherExpensesGrp/Desc3VIDEO DOCUMENTATION
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IRS990/ProgramServiceRevenueGrp/Desc2OTHER PROGRAM REVENUE
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IRS990/ProgSrvcAccomActy2Grp/Desc0TUESDAY MUSICAL/MARTINEZ VERB WORKED WITH THE CHAMBER MUSIC SOCIETY OF OHIO AND TUESDAY MUSICAL OF AKRON TO PRODUCE AN EVENING OF DANCE WITH LIVE MUSIC AT EJ THOMAS HALL. WE PRESENTED HEINZ POLL'S ROCOCO VARIATIONS, AN OPERATIC VERSION OF SCHEHERAZADE AND A CONTEMPORARY PIECE TO AKRON COMPOSER PAT PACE. DIRECT COSTS: 6,000 NOT INCLUDING SALARIES FOR 5 WEEKS. SUPPORTED BY A GRANT FROM THE AKRON COMMUNITY FOUNDATION OF 7500, PEG'S FOUNDATION 10,000 AND A FEE OF 15,000 FROM THE PRESENTER.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt046772
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt061379
IRS990/ProgSrvcAccomActy3Grp/Desc0IN JANUARY, CHOREOGRAPHER STEPHANIE MARTINEZ CAME TO CLEVELAND FOR 2 WEEKS TO STAGE 'WANDERING ON'. IT WAS PERFORMED AT THE BREEN CENTER. COST: 6,800 NOT INCLUDING SALARIES FOR 4 WEEKS. SUPPORTED BY A 25,000 IN FUNDING FROM THE CLEVELAND FOUNDATION DFE/DFY WE GREW OUR ADULT EVENING CLASSES AND INTRODUCED THE DANCE FOR YOUTH PROGRAM. INCOME ROSE TO 63,400 OVER 48,000 THE PREVIOUS YEAR. INCOME WAS CURTAILED BY THE COVID PANDEMIC AS INCREASE HAD BEEN PREDICTED TO REACH 80,000.
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0378320
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0294612
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0125319
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0158361
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IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.09$0.16$2.93$7.79$7.27$0.52
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.54$0.13$2.41$6.42$6.78$0.36
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.88$0.11$2.77$6.61$6.24$0.37
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.54$0.14$2.40$6.26$6.39$0.13
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.22$0.69$2.53$5.63$5.05$0.59
2020Detailed filing. Detailed filing data is available for this year.$2.52$0.57$1.95$5.22$5.05$0.17
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.94$0.16$1.77$4.91$4.98$0.06
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.96$0.13$1.84$5.39$4.69$0.71
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.36$0.23$1.13$5.07$4.98$0.09
2016Detailed filing. Detailed filing data is available for this year.$1.25$0.21$1.04$4.62$4.61$0.01
2015Detailed filing. Detailed filing data is available for this year.$1.21$0.18$1.03$4.16$3.98$0.18
2014Detailed filing. Detailed filing data is available for this year.$1.13$0.28$0.85$4.17$4.08$0.09
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.21$0.44$0.76$3.76
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.17$0.30$0.88$3.81
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.15$0.10$1.05$3.80
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.83$0.10$0.73$3.50$3.44$0.06