Liabilities / Assets
58th percentile
Higher debt load relative to assets than 58% of similar nonprofits.
990 • Fiscal year 2018 • EIN 34-1645238
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
58th percentile
Higher debt load relative to assets than 58% of similar nonprofits.
Liabilities / Revenue
46th percentile
Higher debt load relative to revenue than 46% of similar nonprofits.
Net Margin
69th percentile
Higher net margin than 69% of similar nonprofits.
Top Officer Pay
Score unavailable
This filing does not contain officer compensation rows.
Asset Growth
88th percentile
Faster asset growth than 88% of similar nonprofits.
Revenue Growth
55th percentile
Faster revenue growth than 55% of similar nonprofits.
Assets
Up$196,251
Up $59,781 (+44%) from 2017
Net Assets
Up$183,577
Up $70,569 (+62%) from 2017
Liabilities
Down$12,674
Down $10,788 (-46%) from 2017
Revenue
Up$539,338
Up $32,457 (+6.4%) from 2017
Expenses
Down$468,769
Down $29,202 (-5.9%) from 2017
Net Income
Up$70,569
Up $61,659 (+692%) from 2017
Verb ignites audience passion and participation in contemporary dance through performance, outreach programs and community engagement.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | $63,039 | $86,269 | ▲ $23,230 |
| Pledges and Grants Receivable | $65,615 | $51,228 | ▼ $14,387 |
| Land, Buildings, and Equipment, Net | $997 | $47,950 | ▲ $46,953 |
| Prepaid Expenses and Deferred Charges | $2,414 | $8,595 | ▲ $6,181 |
| Accounts Receivable | $4,185 | $1,950 | ▼ $2,235 |
| Investments in Publicly Traded Securities | $220 | $259 | ▲ $39 |
| Total Assets | $136,470 | $196,251 | ▲ $59,781 |
| Liabilities | |||
| Deferred Revenue | $7,170 | - | - |
| Accounts Payable and Accrued Expenses | $8,537 | $6,158 | ▼ $2,379 |
| Other Liabilities | $4,561 | $5,016 | ▲ $455 |
| Unsecured Notes Loans Payable | $3,194 | $1,500 | ▼ $1,694 |
| Total Liabilities | $23,462 | $12,674 | ▼ $10,788 |
| Net Assets / Fund Balance | |||
| Temporarily Rstr Net Assets | $96,285 | $98,658 | ▲ $2,373 |
| Unrestricted Net Assets | $16,723 | $84,919 | ▲ $68,196 |
| Total Net Assets Fund Balance | $113,008 | $183,577 | ▲ $70,569 |
| Total Liabilities and Net Assets / Fund Balance | $136,470 | $196,251 | ▲ $59,781 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $45,230 | - | $45,230 |
| Equipment | $2,720 | $25,577 | $28,297 |
| Name | Title | Base | Total |
|---|---|---|---|
| Margaret a Carlson | Executive Di | $45,600 | $45,600 |
| Name | Title |
|---|---|
| David M Dusek | President |
| Ann Levin | Board Member |
| Deborah Neale | Board Member |
| Debra Light | Board Member |
| Elena Li | Board Member |
| James Graham | Board Member |
| Karry York | Board Member |
| Leslie Davidson | Board Member |
| Leslie Kaufman | Board Member |
| Mary Anne Garvey | Board Member |
| Nadia Wearsch | Board Member |
| Richard Rinehart Jr | Board Member |
| Robert M Shwab | Board Member |
| Anna Soskic | Director |
| Jeri E Chaikin | Past Pres.re |
| Ann Ennis | Past Preside |
| James P Farley | Past Preside |
| Fredrick Lautzenheiser | Secretary |
| Charles Sheehe | Treasurer |
| Laura Cleveland | Vice Preside |
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $247,419 |
| Other Expenses | $221,350 |
| Total Fundraising Expense | $31,831 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $160,039 | - | $24,000 | $184,039 |
| Advertising | $52,684 | $1,296 | $3,507 | $57,487 |
| Current Officers, Directors, Trustees, and Key Employees | $4,380 | $41,220 | - | $45,600 |
| Fees for Services Other | $40,873 | - | $248 | $41,121 |
| Travel | $30,736 | $777 | - | $31,513 |
| Occupancy | $15,104 | $8,648 | $367 | $24,119 |
| Payroll Taxes | $12,731 | $3,191 | $1,858 | $17,780 |
| Office Expenses | $2,771 | $6,619 | $1,404 | $10,794 |
| Fees for Services Accounting | - | $8,205 | - | $8,205 |
| Insurance | $1,048 | $1,533 | $447 | $3,028 |
| Information Technology | - | $1,275 | - | $1,275 |
| Other Expenses | $6,956 | $1,065 | - | $1,065 |
| Depreciation Depletion | - | $478 | - | $478 |
| Interest | - | $125 | - | $125 |
| Total Functional Expenses | $362,506 | $74,432 | $31,831 | $468,769 |
| Line Item | Amount |
|---|---|
| Fundraising Gross Income | $27,353 |
| Fundraising Direct Expenses | $18,550 |
| Professional Fundraising Fees | $0 |
| Event | Gross Receipts | Gross Revenue | Direct Expenses | Net Income |
|---|---|---|---|---|
| Benefit | $65,353 | $27,353 | $4,535 | $22,818 |
| Total Events | $65,353 | $27,353 | $18,550 | $8,803 |
| Liability | Amount |
|---|---|
| Payroll Taxes Withheld and Accrued | $4,516 |
| Accrued Expenses | $500 |
“David dusek james graham married couple”
“A copy of the form 990 was reviewed and approved by the executive committee of the board of directors.”
“The organizations governing documents and federal form 990 are made available upon request.”
“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.”
“Until 2014 there was a travel and trade embargo from cuba that halted the art exchanges for decades. Cuban ballet has been at the pinnacle of international dance for years and cuba continues to produce some of the ballet world's best dancers. The daughter of legendary ballet royalty alicia alonso, laura alonso is herself an award-winning ballet teacher with a 25-year career performing with ballet nacional de cuba. This was the second year of the cultural exchange with alonso through the cleveland foundation's creative fusion: cuba edition. She came to cleveland, ohio for two months spring 2017 to train verb ballets dancers in the cuban method likely the first-of-its-kind exchange connecting cultural institutions of a major midwestern city with a selection of celebrated cuban artists for an extended project-based residency. Presented as the cleveland havana ballet, the two companies performed the full length classical ballet, yarini, by international dancer and choreographer, ivn alonso, the grandson of alicia alonso. The combined company premiere of yarini ran march 16-18, 2018 in the alicia alonso grand theater in havana. Yarini is based on an historical hero who reached mythical proportions within popular cuban culture and imagination. The following week, the two companies move to the teatro nacional to perform a combined repertory program of four performances. It culminated in a tour group from cleveland, sponsored by tocubanow attending the performance while taking in the sights of havana.”
“Technique full of speed and high spirits in tarantella staged by former cleveland ballet dancer, pamela pribisco. The epic music of ravel's bolero came to life in this visual masterpiece by heinz poll with a drive, propulsion and intensity that build with the famous crescendo. Breen center for the performing arts in celebration of black history month, the company remounted original works commissioned by verb ballets from nationally recognized african american choreographers. The performance on february 3, 2018 at the breen center for the performing arts in cleveland featured the work of award-winning philadelphia choreographer, tommie-waheed evans and cleveland native and former bill t jones/arnie zane dance company dancer, antonio brown. Both choreographers led a pre-show discussion at 7:15pm on their experiences in the dance field. The performance was generously supported by the cleveland foundation. Ej thomas performing arts hall verb made its premiere at ej thomas hall in akron with an exciting mix of dances on the program. Known for innovative works that highlight its classically trained dancers, the evening featured the audience favorite, dark matter, by award winning choreographer, tommie-waheed evans. Audiences loved eight by benny goodman set to the famous orchestral music of the 1940s choreographed by ohio ballet founder, heinz poll. The company premiered k281 by internationally acclaimed choreographer adam hougland. Cpt cleveland public theatre presented verb ballets in fresh inventions at danceworks 2018, may 17-19, 2018 with vibrant performances that highlighted bold artistry through the dancer's creative lens. Fresh inventions is built on the talent of company members and provides the opportunity to tap into a new realm of artistic development by experiencing the choreographic side of creation. Verb ballets presents premieres of new works by verb ballets' associate director, richard dickinson, mfa, company dancers kate webb, michael escovedo, lieneke matte and trainee, jocelyn magons. The works in fresh inventions were a result of explorations in the process of integrating new technology, music and projections into the choreographic effort. These premieres were the result of a choreographic initiative supported by an ohio arts council arts next grant. Verb ballets led field trips to nasa, new territory virtual reality arcade and case western reserve university to investigate new technology applications with dance. The national center of choreography akron led a community panel on innovation and facilitated audience feedback to works in progress. Fresh inventions reflects verb ballets' vision to be recognized as a catalyst to promote learning and encourage dialogue about dance as an art form.”
“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 financialstatements 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, 2015, and forward.”
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/Desc | 0 | CLEVELAND HAVANA BALLET IN THE SPRING OF 2018, TWO BALLET COMPANIES JOINED FORCES IN AN INTERNATIONAL COLLABORATION TO FORM THE CLEVELAND HAVANA BALLET PROJECT TO PRESENT THE CUBAN BALLET, YARINI. STARRING THE DANCERS OF CLEVELAND'S VERB BALLETS, AND HAVANA'S PRODANZA UNDER THE DIRECTION LAURA ALONSO, THIS CULTURAL EXCHANGE IS A GROUNDBREAKING PARTNERSHIP SUPPORTED THROUGH THE CLEVELAND FOUNDATION'S CREATIVE FUSION INITIATIVE. THIS SIGNIFICANT COLLABORATION ENCOMPASSED PERFORMANCES IN CUBA BY THE COMBINED COMPANIES IN MARCH 2018. BRINGING VERB BALLETS TO CUBA FOR THE FIRST TIME WAS AN ENORMOUS CULTURAL EXCHANGE AND INTEGRATED AMERICAN DANCERS TO THE VERY BEST OF CUBA'S BALLET SCENE. UNTIL 2014 THERE WAS A TRAVEL AND TRADE EMBARGO FROM CUBA THAT HALTED THE ART EXCHANGES FOR DECADES. CUBAN BALLET HAS BEEN AT THE PINNACLE OF INTERNATIONAL DANCE FOR YEARS AND CUBA CONTINUES TO PRODUCE SOME OF THE BALLET WORLD'S BEST DANCERS. THE DAUGHTER OF LEGENDARY BALLET ROYALTY ALICIA ALONSO, LAURA ALONSO IS HERSELF AN AWARD-WINNING BALLET TEACHER WITH A 25-YEAR CAREER PERFORMING WITH BALLET NACIONAL DE CUBA. THIS WAS THE SECOND YEAR OF THE CULTURAL EXCHANGE WITH ALONSO THROUGH THE CLEVELAND FOUNDATION'S CREATIVE FUSION: CUBA EDITION. SHE CAME TO CLEVELAND, OHIO FOR TWO MONTHS SPRING 2017 TO TRAIN VERB BALLETS DANCERS IN THE CUBAN METHOD LIKELY THE FIRST-OF-ITS-KIND EXCHANGE CONNECTING CULTURAL INSTITUTIONS OF A MAJOR MIDWESTERN CITY WITH A SELECTION OF CELEBRATED CUBAN ARTISTS FOR AN EXTENDED PROJECT-BASED RESIDENCY. PRESENTED AS THE CLEVELAND HAVANA BALLET, THE TWO COMPANIES PERFORMED THE FULL LENGTH CLASSICAL BALLET, YARINI, BY INTERNATIONAL DANCER AND CHOREOGRAPHER, IVN ALONSO, THE GRANDSON OF ALICIA ALONSO. THE COMBINED COMPANY PREMIERE OF YARINI RAN MARCH 16-18, 2018 IN THE ALICIA ALONSO GRAND THEATER IN HAVANA. YARINI IS BASED ON AN HISTORICAL HERO WHO REACHED MYTHICAL PROPORTIONS WITHIN POPULAR CUBAN CULTURE AND IMAGINATION. THE FOLLOWING WEEK, THE TWO COMPANIES MOVE TO THE TEATRO NACIONAL TO PERFORM A COMBINED REPERTORY PROGRAM OF FOUR PERFORMANCES. IT CULMINATED IN A TOUR GROUP FROM CLEVELAND, SPONSORED BY TOCUBANOW ATTENDING THE PERFORMANCE WHILE TAKING IN THE SIGHTS OF HAVANA. |
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| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | ORMACO OHIO REGIONAL MUSIC ARTS AND CULTURAL OUTREACH (ORMACO) PRESENTED VERB BALLETS ON FEBRUARY 17, 2018 AT 7:00PM AT THE PATRICIA LINDLEY CENTER FOR THE PERFORMING ARTS IN WELLINGTON. THE PROGRAM ENTITLED MADE IN AMERICA: DANCES THAT TRANSFORM YOU THROUGH TIME AND MOVEMENT DELIGHTED AUDIENCES WITH BOTH CLASSICAL SELECTIONS AND BOLD ADVENTURES WORKS. FEATURED WAS TOMMIE-WAHEED EVANS SURGE.CAPACITY.FORCE DESCRIBED BY CRITICS AS, "SLEEK ENCOUNTERS THAT BRIM WITH CONTRASTING PATTERNS AND CONNECTIONS". AUDIENCES CAN'T RESIST WHEN BALLET MEETS BALLROOM IN EIGHT BY BENNY GOODMAN SET TO THE FAMOUS ORCHESTRAL MUSIC OF THE 1940S CHOREOGRAPHED BY OHIO BALLET FOUNDER, HEINZ POLL. VERB BALLETS' DANCERS DAZZLED IN DISPLAY OF CLASSICAL TECHNIQUE FULL OF SPEED AND HIGH SPIRITS IN TARANTELLA STAGED BY FORMER CLEVELAND BALLET DANCER, PAMELA PRIBISCO. THE EPIC MUSIC OF RAVEL'S BOLERO CAME TO LIFE IN THIS VISUAL MASTERPIECE BY HEINZ POLL WITH A DRIVE, PROPULSION AND INTENSITY THAT BUILD WITH THE FAMOUS CRESCENDO. BREEN CENTER FOR THE PERFORMING ARTS IN CELEBRATION OF BLACK HISTORY MONTH, THE COMPANY REMOUNTED ORIGINAL WORKS COMMISSIONED BY VERB BALLETS FROM NATIONALLY RECOGNIZED AFRICAN AMERICAN CHOREOGRAPHERS. THE PERFORMANCE ON FEBRUARY 3, 2018 AT THE BREEN CENTER FOR THE PERFORMING ARTS IN CLEVELAND FEATURED THE WORK OF AWARD-WINNING PHILADELPHIA CHOREOGRAPHER, TOMMIE-WAHEED EVANS AND CLEVELAND NATIVE AND FORMER BILL T JONES/ARNIE ZANE DANCE COMPANY DANCER, ANTONIO BROWN. BOTH CHOREOGRAPHERS LED A PRE-SHOW DISCUSSION AT 7:15PM ON THEIR EXPERIENCES IN THE DANCE FIELD. THE PERFORMANCE WAS GENEROUSLY SUPPORTED BY THE CLEVELAND FOUNDATION. EJ THOMAS PERFORMING ARTS HALL VERB MADE ITS PREMIERE AT EJ THOMAS HALL IN AKRON WITH AN EXCITING MIX OF DANCES ON THE PROGRAM. KNOWN FOR INNOVATIVE WORKS THAT HIGHLIGHT ITS CLASSICALLY TRAINED DANCERS, THE EVENING FEATURED THE AUDIENCE FAVORITE, DARK MATTER, BY AWARD WINNING CHOREOGRAPHER, TOMMIE-WAHEED EVANS. AUDIENCES LOVED EIGHT BY BENNY GOODMAN SET TO THE FAMOUS ORCHESTRAL MUSIC OF THE 1940S CHOREOGRAPHED BY OHIO BALLET FOUNDER, HEINZ POLL. THE COMPANY PREMIERED K281 BY INTERNATIONALLY ACCLAIMED CHOREOGRAPHER ADAM HOUGLAND. CPT CLEVELAND PUBLIC THEATRE PRESENTED VERB BALLETS IN FRESH INVENTIONS AT DANCEWORKS 2018, MAY 17-19, 2018 WITH VIBRANT PERFORMANCES THAT HIGHLIGHTED BOLD ARTISTRY THROUGH THE DANCER'S CREATIVE LENS. FRESH INVENTIONS IS BUILT ON THE TALENT OF COMPANY MEMBERS AND PROVIDES THE OPPORTUNITY TO TAP INTO A NEW REALM OF ARTISTIC DEVELOPMENT BY EXPERIENCING THE CHOREOGRAPHIC SIDE OF CREATION. VERB BALLETS PRESENTS PREMIERES OF NEW WORKS BY VERB BALLETS' ASSOCIATE DIRECTOR, RICHARD DICKINSON, MFA, COMPANY DANCERS KATE WEBB, MICHAEL ESCOVEDO, LIENEKE MATTE AND TRAINEE, JOCELYN MAGONS. THE WORKS IN FRESH INVENTIONS WERE A RESULT OF EXPLORATIONS IN THE PROCESS OF INTEGRATING NEW TECHNOLOGY, MUSIC AND PROJECTIONS INTO THE CHOREOGRAPHIC EFFORT. THESE PREMIERES WERE THE RESULT OF A CHOREOGRAPHIC INITIATIVE SUPPORTED BY AN OHIO ARTS COUNCIL ARTS NEXT GRANT. VERB BALLETS LED FIELD TRIPS TO NASA, NEW TERRITORY VIRTUAL REALITY ARCADE AND CASE WESTERN RESERVE UNIVERSITY TO INVESTIGATE NEW TECHNOLOGY APPLICATIONS WITH DANCE. THE NATIONAL CENTER OF CHOREOGRAPHY AKRON LED A COMMUNITY PANEL ON INNOVATION AND FACILITATED AUDIENCE FEEDBACK TO WORKS IN PROGRESS. FRESH INVENTIONS REFLECTS VERB BALLETS' VISION TO BE RECOGNIZED AS A CATALYST TO PROMOTE LEARNING AND ENCOURAGE DIALOGUE ABOUT DANCE AS AN ART FORM. |
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Displayed year
2018 • Form 990Detailed filing. Detailed filing data is available for this year.