Civic Intelligence

Ohio Contemporary Ballet

990 • Fiscal year 2021 • EIN 34-1645238

Jul 01, 2020 to Jun 30, 2021 • Filed on Oct 31, 2021

Organization Profilewww.verbballets.org
3558 Lee RoadShaker Heights, OH 44120

(216) 397-3757

Siviq Scores

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

Liabilities / Assets

75th percentile

0.21x

Higher debt load relative to assets than 75% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

67th percentile

0.12x

Higher debt load relative to revenue than 67% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

47th percentile

10%

Higher net margin than 47% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

64th percentile

$41,970

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 7.5% of source-year revenue.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

72nd percentile

28%

Faster asset growth than 72% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

44th percentile

7.8%

Faster revenue growth than 44% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets75th percentile

Assets

Up

$322,174

Up $70,514 (+28%) from 2020

Net Assets

Up

$253,167

Up $58,574 (+30%) from 2020

Liabilities

Up

$69,007

Up $11,940 (+21%) from 2020

Revenue And Expenses
Liabilities / Revenue67th percentileNet Margin47th percentile

Revenue

Up

$563,203

Up $40,980 (+7.8%) from 2020

Expenses

Down

$504,628

Down $120 (-0.0%) from 2020

Net Income

Up

$58,575

Up $41,100 (+235%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth72nd percentile

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

2021

Assets$322,174
Liabilities$69,007
Net Assets$253,167
Open 2021 Filing

Operations Trend

Revenue Growth44th percentile

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

2021

Revenue$563,203
Expenses$504,628
Net Income$58,575
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Oct 31, 2021
Return Version
2020v4.1
Gross Receipts
$565,138
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$138,188$184,560▲ $46,372
Pledges and Grants Receivable$35,000$61,932▲ $26,932
Land, Buildings, and Equipment, Net$41,942$43,830▲ $1,888
Cash and Non-Interest-Bearing Accounts$28,494$15,155▼ $13,339
Accounts Receivable-$8,604-
Prepaid Expenses and Deferred Charges$4,735$4,628▼ $107
Investments in Publicly Traded Securities$251$415▲ $164
Total Assets$251,660$322,174▲ $70,514
Other Assets Total$3,050$3,050→ $0
Liabilities
Unsecured Notes Loans Payable$54,285$50,720▼ $3,565
Accounts Payable and Accrued Expenses$1,655$12,287▲ $10,632
Deferred Revenue-$6,000-
Other Liabilities$1,127--
Total Liabilities$57,067$69,007▲ $11,940
Net Assets / Fund Balance
Net Assets With Donor Restrictions$109,932$177,735▲ $67,803
Net Assets Without Donor Restrictions$84,661$75,432▼ $9,229
Total Net Assets Fund Balance$194,593$253,167▲ $58,574
Total Liabilities and Net Assets / Fund Balance$251,660$322,174▲ $70,514

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$42,317$15,900$58,217
Equipment$1,513$25,933$27,446
Other Assets Org$3,050--
Compensation and Service Providers
Top Officer Pay64th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Margaret A CarlsonExecutive DirectorFT$41,970$41,970

Board Members and Trustees

NameTitle
Ann EnnisPast President
David M DusekPast President
James FarleyPast President
Jeri E ChaikinPast President
Robert ShwabPresident
James KoehlerVice President
Anna SoskicBoard member
Charles SheeheBoard member
Deborah L NealeBoard member
Debra LightBoard member
Hema SteeleBoard member
James GrahamBoard member
Laura ClevelandBoard member
Leslie KaufmanBoard member
Mario Clopton-ZymlerBoard member
Richard Rinehart JrBoard member
Frederick LautzenheiserSecretary
Mary Anne GarveyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$435,095
Program Service Revenue
$120,359
Investment Income
$161
Other Revenue
$7,588
All Other Contributions
$212,578
Change in Net Assets
$58,575
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$260,806
Salaries, Compensation, and Employee Benefits$243,822
Total Fundraising Expense$20,310
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$184,668$3,559-$188,227
Other Expenses$63,178$3,274$490$63,178
Advertising$54,118$1,027$342$55,487
Occupancy$44,181$6,744$3,260$54,185
Fees for Services Other$36,737$10,400$200$47,337
Current Officers, Directors, Trustees, and Key Employees$3,030$25,090$13,850$41,970
Office Expenses$10,875$2,231$1,130$14,236
Payroll Taxes$11,110$1,695$820$13,625
Fees for Services Accounting-$8,435-$8,435
Depreciation Depletion$3,250$3,250-$6,500
Information Technology$1,361$2,666-$4,027
Insurance$2,957$451$218$3,626
Total Functional Expenses$415,496$68,822$20,310$504,628
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$9,523
Fundraising Direct Expenses$1,935
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Benefit$23,523$9,523$618$8,905
Total Events$23,523$9,523$1,935$7,588
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
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 governing body review Part VI line 11

“A copy of the form 990 was reviewed and approved by the Executive Committee of the board of directors.”

Form 990 availability to public Part VI line 18

“THe Federal From 990 is provided to anyone who submits a written request”

Governing documents etc available to public Part VI line 19

“The organizations governing documents are made available upon request.”

Filing and Contact Details

Filer

Filer Name
Verb Ballets Inc
EIN
34-1645238
Address
3558 Lee Road, Shaker Heights, OH 44120

Signing Officer

Name
Margaret Carlson
Title
Executive Direc
Phone
2163973757
Signed
2021-10-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Margaret A Carlson
Formed
1987
Legal Domicile
Oh
Voting Board Members
19
Independent Board Members
18
Employees
26
Volunteers
49

Preparer

Firm
Koester DiSalvo and Fried
Address
5587 Turney Road, Garfield Heights, OH 44125
Preparer
KC Koester
Phone
2164757844
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

“Rounding”

Financial Statement Notes

Footnote for uncertain tax position under FIN 48 (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 discloseuncertain 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 organizations tax years that remain subject to examination by the Internal Revenue Service are fiscal years ended June 30, 2018, and forward.”

Raw XML AppendixShowing 400 of 573 raw XML fields

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/TitleTxt11Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt12Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt13Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt14Past President
IRS990/Form990PartVIISectionAGrp/TitleTxt15Past President
IRS990/Form990PartVIISectionAGrp/TitleTxt16Past President
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IRS990/MissionDesc0Verb ignites audience passion and participation in contemporary dance through performance, outreach programs and community engagement.
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IRS990/ProgSrvcAccomActy2Grp/Desc0We took advantage of CARES Act relief and over the course of the year applied for two PPP loans totaling $105,000 and received $64,000 from the OAC and $28,000 from CAC for a grand total of $197,000. The PPP loans, along with the reduction in salaries covered payroll for the year and the Cares Act funds were used to cover the costs of masks/sanitizing needs and to purchase equipment to enable us to convert the studio into a black box/broadcasting space. Funding from foundations, interestingly, did not increase, but they did release funds early.
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IRS990/ProgSrvcAccomActy3Grp/Desc0For many years, Verb has made conscious efforts to choose dancers, staff and repertory that represent the cultural, racial, and sexual orientation that comprise our nation. Until 20-21 we did not have written statements of support or policies stating these preferences. The Black Lives Matter movement taught us the importance of giving credence to choose as-stated policies.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0According to our Google Analytics data compared to last season, our number of users on our website grew by 34% and of that 85% of visitors were new and there was an increase of 32% in website sessions due to people watching shows on the website. We saw a dramatic influx of web usage on the weekends of show streams of over three times the average number users. 20% of people found Verb Ballets online through organic searches, a decrease of approximately 10% that is reflective of the digital marketing campaigns. There was also a direct correlation of increase in social and referral traffic. Email only accounted for a 3% increase in website referrals. This indicates that digital marketing is the strongest precursor to drive web traffic. Beginning in January 2021, Verb started a new strategic planning process. It began with a board retreat and was followed by the consultant conducting many interviews with stakeholders both inside and outside the organization. It is an opportune time to be evaluating and looking to the future. Covid has significantly changed the ways that we conduct our work and allowed the formerly unimaginable to occur. Our minds have had to open to new challenges and create from them new opportunities. We have changed our course and learned more about ourselves and our organization.
IRS990/ProgSrvcAccomActyOtherGrp/Desc1Verb tracks several data points to measure itself annually. One of these points is to calculate what the real per capita cost is for each single ticket. In 19-20, it was $29.02 which was an increase over the previous year of $16.06. For 20-21 it was an enormous $59.42 actual cost for each ticket. Juxtapose this to what the charge was for each ticket. At the beginning of the FY and the move to virtual production, we werent sure what people would pay for a ticket and so we made it on a donation basis. We then moved to a tiered ticket price; families, children, individuals and then eventually established a single ticket price. Throughout this process, after calculating what the average cost paid per ticket was, the number was almost the same in each case, which was $30 and so we kept that price point going forward. Verb presented 23 works in 2021 featuring the creations of 16 choreographers. There were a total of 14 performances to a total audience of 3,435 viewers. Through virtual presentation, Verb reached an audience from 33 states and 5 countries over the course of the year. However, total attendance was the lowest since Verb began tracking the data in 2005. Our outreach programs continued through the work of outreach coordinator, Desmond Davis and we taught our courses at Hiram College and John Carroll. He conducted online workshops at two Cleveland schools; Milkovich Middle School and William Rainey Harper. He also designed a childrens Nutcracker for the Childrens Museum for a total of 2,232 children and college students. Combined with performance and outreach, Verb Ballets presented 134 activities to the public and delivered almost 500 classes either in person or virtual. Return on grants was 51% of the amount asked and 53% awarded. The amount awarded dropped from $114,368 in the previous year to $94,083. Total Cash Income increased from $527,431 to $593,526.Board support increased by $10,000. The average contribution per board member increased from $1,910 to $2,563. There was a decrease in number of board members from 19 to 18. Cost of Personnel dropped from 63% of the budget to 54%. This was due to the CARES Act funds that enabled us to purchase a lot of equipment. Corporate Support decreased significantly from $72,000 in 18-19 to $22,250 in 19-20 and then to $13,500 in 20-21, due in large part to moving the annual benefit to an online auction platform. DFE (Dance for Everyone) gross income declined from $63,443 in 19-20 to $54,613 in 20-21.
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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$322,174
Liabilities
$69,007
Net assets
$253,167
Revenue
$563,203
Expenses
$504,628
Net income
$58,575
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
2021Detailed filing. Detailed filing data is available for this year.$3.22$0.69$2.53$5.63$5.05$0.59
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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