Civic Intelligence

Ohio Contemporary Ballet

990 • Fiscal year 2023 • EIN 34-1645238

Jul 01, 2022 to Jun 30, 2023 • Filed on Jan 15, 2023

3558 Lee RoadCleveland, OH 44120

(216) 397-3757

Siviq Scores

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

Liabilities / Assets

57th percentile

0.04x

Higher debt load relative to assets than 57% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

49th percentile

0.02x

Higher debt load relative to revenue than 49% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

53rd percentile

5.6%

Higher net margin than 53% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

67th percentile

$48,000

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 7.3% of source-year revenue.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

68th percentile

13%

Faster asset growth than 68% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

47th percentile

5.6%

Faster revenue growth than 47% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Up

$287,891

Up $33,793 (+13%) from 2022

Net Assets

Up

$276,972

Up $37,153 (+15%) from 2022

Liabilities

Down

$10,919

Down $3,360 (-24%) from 2022

Revenue

Up

$660,929

Up $35,164 (+5.6%) from 2022

Expenses

Down

$623,776

Down $15,337 (-2.4%) from 2022

Net Income

Up

$37,153

Up $50,501 (+378%) from 2022

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

2023

Assets$287,891
Liabilities$10,919
Net Assets$276,972

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

2023

Revenue$660,929
Expenses$623,776
Net Income$37,153
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Jan 15, 2023
Return Version
2022v5.0
Gross Receipts
$677,466
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$88,584$147,698▲ $59,114
Pledges and Grants Receivable$96,053$71,910▼ $24,143
Land, Buildings, and Equipment, Net$37,807$33,845▼ $3,962
Cash and Non-Interest-Bearing Accounts$20,960$26,585▲ $5,625
Prepaid Expenses and Deferred Charges$6,218$4,464▼ $1,754
Accounts Receivable$1,073--
Investments in Publicly Traded Securities$353$339▼ $14
Total Assets$254,098$287,891▲ $33,793
Other Assets Total$3,050$3,050→ $0
Liabilities
Accounts Payable and Accrued Expenses$14,279$10,919▼ $3,360
Total Liabilities$14,279$10,919▼ $3,360
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$115,627$200,282▲ $84,655
Net Assets With Donor Restrictions$124,192$76,690▼ $47,502
Total Net Assets Fund Balance$239,819$276,972▲ $37,153
Total Liabilities and Net Assets / Fund Balance$254,098$287,891▲ $33,793

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$33,406$27,311$60,717
Equipment$439$27,007$27,446
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Margaret a CarlsonExecutive DiFT$48,000$48,000

Board Members and Trustees

NameTitle
Anna SoskicBoard Member
Charles SheeheBoard Member
Deborah L NealeBoard Member
Debra LightBoard Member
James GrahamBoard Member
James KoehlerBoard Member
Joanne MorscherBoard Member
Laura ClevelandBoard Member
Leslie KaufmanBoard Member
Mario Clopton-zymlerBoard Member
Richard Rinehart JrBoard Member
Hema SteeleIncoming Pre
Rob SchwabOutgoing Pre
Ann EnnisPast Preside
David M DusekPast Preside
James FarleyPast Preside
Jeri ChaikinPast Preside
Frederick LautzenheiserSecretary
Mary Anne GarveyTreasurer
Antwon Duncan-milczewskiVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$425,145
Program Service Revenue
$177,610
Investment Income
$-14
Other Revenue
$58,188
All Other Contributions
$211,719
Change in Net Assets
$37,153

Audited Revenue Reconciliation

Revenue per Audited Statements
$660,929
Total Revenue per Audited Statements
$660,929
Total Revenue per Form 990
$660,929
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$329,004
Other Expenses$294,772
Total Fundraising Expense$33,500
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$195,965$41,730$15,465$253,160
Advertising$66,023$1,586$2,396$70,005
Fees for Services Other$39,436$13,000$2,120$54,556
Occupancy$39,889$8,544$3,142$51,575
Current Officers, Directors, Trustees, and Key Employees$36,960$8,160$2,880$48,000
Payroll Taxes$21,535$4,613$1,696$27,844
Office Expenses$8,957$3,985$4,748$17,690
All Other Expenses$12,465--$12,465
Other Expenses$7,000-$780$7,000
Depreciation Depletion$3,231$3,230-$6,461
Information Technology$1,355$3,379-$4,734
Insurance$3,469$743$273$4,485
Total Functional Expenses$501,306$88,970$33,500$623,776

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$623,776
Total Expenses per Audited Statements$623,776
Total Expenses per Form 990$623,776
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$74,725
Fundraising Direct Expenses$16,537
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$116,725$74,725$5,038$69,687
Total Events$116,725$74,725$16,537$58,188
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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 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 federal from 990 is provided to anyone who submits a written request.

Filing and Contact Details

Filer

Filer Name
Verb Ballets Inc
EIN
34-1645238
Phone
2163973757
Address
3558 LEE ROAD, CLEVELAND, OH 44120

Signing Officer

Name
Margaret a Carlson
Title
Executive Director
Phone
2163973757
Signed
2023-01-15

Organization Details

Principal Officer
Margaret a Carlson
Formed
1987
Legal Domicile
Oh
Voting Board Members
21
Independent Board Members
21
Employees
26
Volunteers
49

Preparer

Firm
Mcmanamon & Co LLC
Address
1651 CROSSINGS PKWY D, WESTLAKE, OH 44145-1959
Preparer
Elijah Smith
Phone
4408928900
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4A

Verb ballets implemented programming for the community while adapting to new opportunities the pandemic has created. Artistically, the season consisted of 3 full evening length works. Choreographer tommie-waheed evans created his first evening long work, based on the greek tragedy, antigone, and joshua peugh created a new work based upon a shakespeare's romeo & juliet. Both are non-traditional in their approach. Verb provided artistic direction to produce a community centric nutcracker for the university of akron. With the launch of the new works fund for artists of color,?we engaged choreographers of diverse backgrounds through the international cultural exchange artist program, we brought international dancers to exchange dance traditions and training. Continued to ensure access by providing free and low-cost performances in public spaces and community events throughout the year. Continued to grow verb's locational presence through dance for everyone(dfe) and dance for youth (dfy),for people of any age. For children, young adults and seniors located outside of our studio's reach, we offered our outreach programs to public schools, universities, senior citizens locations and community centers. Cover topics such as stem, literacy, and cultural appreciation.

Form 990, Page 2, Part III, Line 4B

1.during the 2021-22 season, verb mounted 15 works representing 10 choreographers including three new full-length ballets. 2.the company presented a total of 19 performances to a total audience of 11,294 viewers. Of that 16 were presented and six were self-presented. 3.we continued our collegiate partnerships providing instruction and curriculum for the dance courses at hiram college and john carroll university. 4.we continued to build new outreach partnerships and collaborations with the center for arts-inspired learning in partnership with university hospital's women and children center, international mural festival, akron children's concert society, akron civic theatre's boom theater, cleveland dance movement and local public schools. 5.the company reached 2,568 young people and over 967 college and university students and adults in 15 different sites in cuyahoga, summit and portage counties. Verb ballets presented 142 outreach activities to the public. 6.in total the company received 71,780 in income for both presented and self-produced shows for the season. 7.total cash income increased from 593,526 to 641,599 an 8% increase. 8.return on grants was 55% of the amount asked and 80% awarded. The amount awarded dropped from 352,483 in the previous year to 261,053. 9.the average contribution per board member increased from 1,910 to 2,757. There was an increase in number of board members from 18 to 19. 10.cost of personnel makes up 66% of the budget. 11.earned income makes up 25% (158,181) of our total income. 12.corporate support returned following the pandemic with the spring gala sponsorships for a total of 53,500. 13.to keep up with rising studio rental costs, we implemented a price increase for our dfe classes in january of 2022. This price increase had no tangible effects on enrollment and helped us to keep pace with school costs. 14.our school attendance over the past year has been consistent and on trend with the pre-covid attendance with 4,436 students for the season. 15.school income did increase to 60,658 which was a 10% increase (54,613 last season) from last season. While not fully back to pre-pandemic attendance levels, our attendance numbers have been steadily increasing. 16.in surveying those audience members in june of 2021; 88% were comfortable to return to live theatre because they had received their vaccine 17.bryan andres salinas of colombia joined the company in january as international cultural exchange artist.

Form 990, Page 2, Part III, Line 4D

According to google analytics, website traffic decreased by 7%, but 65% of visitors were new. The slight decrease reflects moving away from online streaming. Verb's homepage had a 16% increase over the last year, and the school page saw an 11% increase. There was a decrease of 10% in website sessions most likely due to the return of in person performances. There was an increase in younger audiences (18-44) engaging with the website. People found verb through organic searches 20% of the time, and direct searches 37%. Google announced that universal analytics will stop processing new hits in july 2023. Google analytics will be replaced by google analytics 4 to protect customer privacy and ensure transparency. The challenge will be how to continue targeting and building audiences online without them

Financial Statement Notes

Schedule D, Page 3, Part X

Verb 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. The management of verb believes that there are no uncertain tax positions. Verbs tax years that remain subject to examination by the internal revenue service are fiscal years ended june 30, 2020 and forward.

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IRS990/Desc0VERB BALLETS IMPLEMENTED PROGRAMMING FOR THE COMMUNITY WHILE ADAPTING TO NEW OPPORTUNITIES THE PANDEMIC HAS CREATED. ARTISTICALLY, THE SEASON CONSISTED OF 3 FULL EVENING LENGTH WORKS. CHOREOGRAPHER TOMMIE-WAHEED EVANS CREATED HIS FIRST EVENING LONG WORK, BASED ON THE GREEK TRAGEDY, ANTIGONE, AND JOSHUA PEUGH CREATED A NEW WORK BASED UPON A SHAKESPEARE'S ROMEO & JULIET. BOTH ARE NON-TRADITIONAL IN THEIR APPROACH. VERB PROVIDED ARTISTIC DIRECTION TO PRODUCE A COMMUNITY CENTRIC NUTCRACKER FOR THE UNIVERSITY OF AKRON. WITH THE LAUNCH OF THE NEW WORKS FUND FOR ARTISTS OF COLOR,?WE ENGAGED CHOREOGRAPHERS OF DIVERSE BACKGROUNDS THROUGH THE INTERNATIONAL CULTURAL EXCHANGE ARTIST PROGRAM, WE BROUGHT INTERNATIONAL DANCERS TO EXCHANGE DANCE TRADITIONS AND TRAINING. CONTINUED TO ENSURE ACCESS BY PROVIDING FREE AND LOW-COST PERFORMANCES IN PUBLIC SPACES AND COMMUNITY EVENTS THROUGHOUT THE YEAR. CONTINUED TO GROW VERB'S LOCATIONAL PRESENCE THROUGH DANCE FOR EVERYONE(DFE) AND DANCE FOR YOUTH (DFY),FOR PEOPLE OF ANY AGE. FOR CHILDREN, YOUNG ADULTS AND SENIORS LOCATED OUTSIDE OF OUR STUDIO'S REACH, WE OFFERED OUR OUTREACH PROGRAMS TO PUBLIC SCHOOLS, UNIVERSITIES, SENIOR CITIZENS LOCATIONS AND COMMUNITY CENTERS. COVER TOPICS SUCH AS STEM, LITERACY, AND CULTURAL APPRECIATION.
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IRS990/Form990PartVIISectionAGrp/PersonNm2ANTWON DUNCAN-MILCZEWSKI
IRS990/Form990PartVIISectionAGrp/PersonNm3FREDERICK LAUTZENHEISER
IRS990/Form990PartVIISectionAGrp/PersonNm4MARY ANNE GARVEY
IRS990/Form990PartVIISectionAGrp/PersonNm5DAVID M DUSEK
IRS990/Form990PartVIISectionAGrp/PersonNm6JAMES FARLEY
IRS990/Form990PartVIISectionAGrp/PersonNm7JERI CHAIKIN
IRS990/Form990PartVIISectionAGrp/PersonNm8ANN ENNIS
IRS990/Form990PartVIISectionAGrp/PersonNm9LAURA CLEVELAND
IRS990/Form990PartVIISectionAGrp/PersonNm10MARIO CLOPTON-ZYMLER
IRS990/Form990PartVIISectionAGrp/PersonNm11JAMES GRAHAM
IRS990/Form990PartVIISectionAGrp/PersonNm12JOANNE MORSCHER
IRS990/Form990PartVIISectionAGrp/PersonNm13LESLIE KAUFMAN
IRS990/Form990PartVIISectionAGrp/PersonNm14JAMES KOEHLER
IRS990/Form990PartVIISectionAGrp/PersonNm15DEBRA LIGHT
IRS990/Form990PartVIISectionAGrp/PersonNm16DEBORAH L NEALE
IRS990/Form990PartVIISectionAGrp/PersonNm17RICHARD RINEHART JR
IRS990/Form990PartVIISectionAGrp/PersonNm18CHARLES SHEEHE
IRS990/Form990PartVIISectionAGrp/PersonNm19ANNA SOSKIC
IRS990/Form990PartVIISectionAGrp/PersonNm20HEMA STEELE
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IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5PAST PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt6PAST PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt7PAST PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt8PAST PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt18BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt19BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt20INCOMING PRE
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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/OtherExpensesGrp/Desc0PRODUCTION TRAVEL
IRS990/OtherExpensesGrp/Desc1COSTUMES
IRS990/OtherExpensesGrp/Desc2STAGING
IRS990/OtherExpensesGrp/Desc3CHOREOGRAPHY
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IRS990/ProgramServiceRevenueGrp/Desc0BOX OFFICE
IRS990/ProgramServiceRevenueGrp/Desc1DANCE FOR EVERYONE
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt158583
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt216116
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt216116
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt311688
IRS990/ProgSrvcAccomActy2Grp/Desc01.DURING THE 2021-22 SEASON, VERB MOUNTED 15 WORKS REPRESENTING 10 CHOREOGRAPHERS INCLUDING THREE NEW FULL-LENGTH BALLETS. 2.THE COMPANY PRESENTED A TOTAL OF 19 PERFORMANCES TO A TOTAL AUDIENCE OF 11,294 VIEWERS. OF THAT 16 WERE PRESENTED AND SIX WERE SELF-PRESENTED. 3.WE CONTINUED OUR COLLEGIATE PARTNERSHIPS PROVIDING INSTRUCTION AND CURRICULUM FOR THE DANCE COURSES AT HIRAM COLLEGE AND JOHN CARROLL UNIVERSITY. 4.WE CONTINUED TO BUILD NEW OUTREACH PARTNERSHIPS AND COLLABORATIONS WITH THE CENTER FOR ARTS-INSPIRED LEARNING IN PARTNERSHIP WITH UNIVERSITY HOSPITAL'S WOMEN AND CHILDREN CENTER, INTERNATIONAL MURAL FESTIVAL, AKRON CHILDREN'S CONCERT SOCIETY, AKRON CIVIC THEATRE'S BOOM THEATER, CLEVELAND DANCE MOVEMENT AND LOCAL PUBLIC SCHOOLS. 5.THE COMPANY REACHED 2,568 YOUNG PEOPLE AND OVER 967 COLLEGE AND UNIVERSITY STUDENTS AND ADULTS IN 15 DIFFERENT SITES IN CUYAHOGA, SUMMIT AND PORTAGE COUNTIES. VERB BALLETS PRESENTED 142 OUTREACH ACTIVITIES TO THE PUBLIC. 6.IN TOTAL THE COMPANY RECEIVED 71,780 IN INCOME FOR BOTH PRESENTED AND SELF-PRODUCED SHOWS FOR THE SEASON. 7.TOTAL CASH INCOME INCREASED FROM 593,526 TO 641,599 AN 8% INCREASE. 8.RETURN ON GRANTS WAS 55% OF THE AMOUNT ASKED AND 80% AWARDED. THE AMOUNT AWARDED DROPPED FROM 352,483 IN THE PREVIOUS YEAR TO 261,053. 9.THE AVERAGE CONTRIBUTION PER BOARD MEMBER INCREASED FROM 1,910 TO 2,757. THERE WAS AN INCREASE IN NUMBER OF BOARD MEMBERS FROM 18 TO 19. 10.COST OF PERSONNEL MAKES UP 66% OF THE BUDGET. 11.EARNED INCOME MAKES UP 25% (158,181) OF OUR TOTAL INCOME. 12.CORPORATE SUPPORT RETURNED FOLLOWING THE PANDEMIC WITH THE SPRING GALA SPONSORSHIPS FOR A TOTAL OF 53,500. 13.TO KEEP UP WITH RISING STUDIO RENTAL COSTS, WE IMPLEMENTED A PRICE INCREASE FOR OUR DFE CLASSES IN JANUARY OF 2022. THIS PRICE INCREASE HAD NO TANGIBLE EFFECTS ON ENROLLMENT AND HELPED US TO KEEP PACE WITH SCHOOL COSTS. 14.OUR SCHOOL ATTENDANCE OVER THE PAST YEAR HAS BEEN CONSISTENT AND ON TREND WITH THE PRE-COVID ATTENDANCE WITH 4,436 STUDENTS FOR THE SEASON. 15.SCHOOL INCOME DID INCREASE TO 60,658 WHICH WAS A 10% INCREASE (54,613 LAST SEASON) FROM LAST SEASON. WHILE NOT FULLY BACK TO PRE-PANDEMIC ATTENDANCE LEVELS, OUR ATTENDANCE NUMBERS HAVE BEEN STEADILY INCREASING. 16.IN SURVEYING THOSE AUDIENCE MEMBERS IN JUNE OF 2021; 88% WERE COMFORTABLE TO RETURN TO LIVE THEATRE BECAUSE THEY HAD RECEIVED THEIR VACCINE 17.BRYAN ANDRES SALINAS OF COLOMBIA JOINED THE COMPANY IN JANUARY AS INTERNATIONAL CULTURAL EXCHANGE ARTIST.
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.
IRS990/ProgSrvcAccomActyOtherGrp/Desc0ACCORDING TO GOOGLE ANALYTICS, WEBSITE TRAFFIC DECREASED BY 7%, BUT 65% OF VISITORS WERE NEW. THE SLIGHT DECREASE REFLECTS MOVING AWAY FROM ONLINE STREAMING. VERB'S HOMEPAGE HAD A 16% INCREASE OVER THE LAST YEAR, AND THE SCHOOL PAGE SAW AN 11% INCREASE. THERE WAS A DECREASE OF 10% IN WEBSITE SESSIONS MOST LIKELY DUE TO THE RETURN OF IN PERSON PERFORMANCES. THERE WAS AN INCREASE IN YOUNGER AUDIENCES (18-44) ENGAGING WITH THE WEBSITE. PEOPLE FOUND VERB THROUGH ORGANIC SEARCHES 20% OF THE TIME, AND DIRECT SEARCHES 37%. GOOGLE ANNOUNCED THAT UNIVERSAL ANALYTICS WILL STOP PROCESSING NEW HITS IN JULY 2023. GOOGLE ANALYTICS WILL BE REPLACED BY GOOGLE ANALYTICS 4 TO PROTECT CUSTOMER PRIVACY AND ENSURE TRANSPARENCY. THE CHALLENGE WILL BE HOW TO CONTINUE TARGETING AND BUILDING AUDIENCES ONLINE WITHOUT THEM
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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
2023Detailed filing. Detailed filing data is available for this year.$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
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