Civic Intelligence

The Universal Ballet Foundation

990 • Fiscal year 2018 • EIN 54-1424487

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 30, 2019

Organization Profilewww.kirovacademydc.org

View Organization Page

4301 Harewood Road NEWashington, DC 20017-1558

(202) 832-1087

Siviq Scores

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

Liabilities / Assets

71st percentile

0.40x

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

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

50th percentile

0.17x

Higher debt load relative to revenue than 50% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

82nd percentile

28%

Higher net margin than 82% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

36th percentile

$92,560

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 1.2% of source-year revenue.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

98th percentile

202%

Faster asset growth than 98% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

94th percentile

114%

Faster revenue growth than 94% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets71st percentile

Assets

Up

$3,213,150

Up $2,150,816 (+202%) from 2017

Net Assets

Up

$1,920,396

Up $2,133,517 (+1001%) from 2017

Liabilities

Up

$1,292,754

Up $17,299 (+1.4%) from 2017

Revenue And Expenses
Liabilities / Revenue50th percentileNet Margin82nd percentile

Revenue

Up

$7,713,769

Up $4,107,119 (+114%) from 2017

Expenses

Up

$5,580,252

Up $1,760,980 (+46%) from 2017

Net Income

Up

$2,133,517

Up $2,346,139 (+1103%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth98th percentile

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

$15M$10M$5.0M$0-$5.0MAssets 2011: $2,181,617Liabilities 2011: $1,334,234Net Assets 2011: $847,3832011Assets 2012: $2,080,386Liabilities 2012: $1,601,138Net Assets 2012: $479,2482012Assets 2013: $1,901,270Liabilities 2013: $1,416,091Net Assets 2013: $485,1792013Assets 2014: $1,235,368Liabilities 2014: $1,320,349Net Assets 2014: -$84,9812014Assets 2015: $994,320Liabilities 2015: $1,447,245Net Assets 2015: -$452,9252015Assets 2016: $1,239,084Liabilities 2016: $1,239,583Net Assets 2016: -$4992016Assets 2017: $1,062,334Liabilities 2017: $1,275,455Net Assets 2017: -$213,1212017Assets 2018: $3,213,150Liabilities 2018: $1,292,754Net Assets 2018: $1,920,3962018Assets 2019: $12,163,081Liabilities 2019: $1,434,231Net Assets 2019: $10,728,8502019Assets 2020: $12,718,300Liabilities 2020: $970,488Net Assets 2020: $11,747,8122020Assets 2021: $12,421,154Liabilities 2021: $2,175,116Net Assets 2021: $10,246,0382021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022

Highlighted filing

2018

Assets$3,213,150
Liabilities$1,292,754
Net Assets$1,920,396
Open 2018 Filing

Operations Trend

Revenue Growth94th percentile

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

$30M$20M$10M$0-$10M-$20MExpenses 2011: $4,413,5002011Expenses 2012: $4,646,0682012Revenue 2013: $4,870,288Expenses 2013: $4,864,357Net Income 2013: $5,9312013Revenue 2014: $4,666,766Expenses 2014: $5,236,926Net Income 2014: -$570,1602014Revenue 2015: $4,549,898Expenses 2015: $4,917,842Net Income 2015: -$367,9442015Revenue 2016: $4,338,533Expenses 2016: $3,886,107Net Income 2016: $452,4262016Revenue 2017: $3,606,650Expenses 2017: $3,819,272Net Income 2017: -$212,6222017Revenue 2018: $7,713,769Expenses 2018: $5,580,252Net Income 2018: $2,133,5172018Revenue 2019: $14,852,880Expenses 2019: $6,044,426Net Income 2019: $8,808,4542019Revenue 2020: $7,069,621Expenses 2020: $6,050,659Net Income 2020: $1,018,9622020Revenue 2021: $5,160,268Expenses 2021: $6,662,042Net Income 2021: -$1,501,7742021Revenue 2022: $12,642,868Expenses 2022: $22,888,906Net Income 2022: -$10,246,0382022

Highlighted filing

2018

Revenue$7,713,769
Expenses$5,580,252
Net Income$2,133,517
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 30, 2019
Return Version
2018v3.1
Gross Receipts
$7,713,769
Mission and Program Overview

Mission

To find, train, and educate students who show excellence in their artistic potential for ballet.

To find, train and educate students who show excellence in their artistic potential for ballet.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$230,726$2,298,018▲ $2,067,292
Accounts Receivable$469,891$412,331▼ $57,560
Land, Buildings, and Equipment, Net$319,755$357,754▲ $37,999
Cash and Non-Interest-Bearing Accounts$10,519$137,072▲ $126,553
Prepaid Expenses and Deferred Charges$29,244$7,975▼ $21,269
Total Assets$1,062,334$3,213,150▲ $2,150,816
Other Assets Total$2,199$0▼ $2,199
Liabilities
Deferred Revenue$981,409$983,200▲ $1,791
Other Liabilities$132,328$151,173▲ $18,845
Accounts Payable and Accrued Expenses$141,643$143,623▲ $1,980
Mortgage Notes Payable Secured by Investment Property$20,075$14,758▼ $5,317
Total Liabilities$1,275,455$1,292,754▲ $17,299
Net Assets / Fund Balance
Unrestricted Net Assets$-213,121$1,920,396▲ $2,133,517
Total Net Assets Fund Balance$-213,121$1,920,396▲ $2,133,517
Total Liabilities and Net Assets / Fund Balance$1,062,334$3,213,150▲ $2,150,816

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$715$840,987$841,702
Equipment$22,556$814,555$837,111
Leasehold Improvements$334,483$111,779$446,262
Compensation and Service Providers
Top Officer Pay36th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Pamela Gonzales de CordovaDirectorFT$85,000$7,560$92,560
Sean KimTreasurer Sept-DecPT$20,769-$20,769

Board Members and Trustees

NameTitle
Tatiana MoonPresident & Chairperson
Dr Thomas WalshDirector
Yong Cheon SongDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$4,424,732
Program Service Revenue
$3,282,408
Investment Income
$4,816
Other Revenue
$1,813
All Other Contributions
$4,424,732
Change in Net Assets
$2,133,517
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,523,496
Salaries, Compensation, and Employee Benefits$2,482,588
Grants and Similar Amounts Paid$574,168
Total Fundraising Expense$14,823
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,690,332$320,724-$2,011,056
Grants to Domestic Individuals$574,168--$574,168
Occupancy$280,352$8,027-$288,379
Payroll Taxes$152,387$41,605-$193,992
Current Officers, Directors, Trustees, and Key Employees-$161,807-$161,807
Fees for Services Other$114,868$45,365-$160,233
Other Employee Benefits$97,138$18,595-$115,733
Office Expenses$65,674$28,422-$94,096
Insurance-$62,122-$62,122
Depreciation Depletion$51,843--$51,843
Advertising$36,889$11,682-$48,571
All Other Expenses$9,819$12,176$14,823$36,818
Travel$20,803$14,507-$35,310
Other Expenses$33,854$1,277,378-$33,854
Fees for Services Legal-$17,513-$17,513
Conferences and Meetings$11,998$4,064-$16,062
Fees for Services Accounting-$15,059-$15,059
Interest-$12,028-$12,028
Information Technology$6,462$1,514-$7,976
Total Functional Expenses$3,512,841$2,052,588$14,823$5,580,252
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
Student Deposits Held$151,173
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 2

“President and Chairwoman Julia Moon is sister of Executive Director Jonathan Park and daughter of Director Bo Hi Pak. Executive Director Jonathan Park is brother of President and Chairwoman Julia Moon, and son of Director Bo Hi Pak. Director Bo Hi Pak is father of President and Chairwoman Julia Moon. and father of Executive Director Jonathan Park.”

Form 990, Part VI, Section B, line 11B

“Form 990 is reviewed in detail by the controller, and then sent to all Board members for their review before it is filed.”

Form 990, Part VI, Section B, line 12C

“The conflict of interest policy is included in an annual letter to directors, officers, and key employees, requiring a written response as to the nature of any potential conflict of interest. Responses are reviewed by the Corporate Secretary, who refers any conflict situations to the Board of Directors for their action.”

Form 990, Part VI, Section B, line 15

“The Executive Director's compensation is reviewed and approved by the Chairperson of the Board of Directors, supported with comparability data obtained from the National Business Officers Association. The compensation thus determined is fully specified in an employment contract. The Comptroller/Treasurer's compensation is reviewed, approved and documented by the Executive Director during the School's annual budgetary review with reference to comparability data from the National Business Officers Association and/or other sources.”

Form 990, Part VI, Section C, line 19

“The governing documents, conflict of interest policy, and financial statements are not made available to the public.”

Filing and Contact Details

Filer

Filer Name
The Universal Ballet Foundation
EIN
54-1424487
Phone
2028321087
Address
4301 Harewood Road NE, Washington, DC 20017-1558
Doing Business As
Kirov Academny of Ballet of Washington DC

Signing Officer

Name
Sean Kim
Title
Comptroller
Phone
2028321087
Signed
2019-11-30

Organization Details

Principal Officer
Sean Kim
Formed
1986
Legal Domicile
Dc
Voting Board Members
4
Independent Board Members
3
Employees
104
Volunteers
5

Preparer

Firm
Brunhofer & Balise LLP
Address
287 Farview Avenue, Paramus, NJ 07652
Preparer
David BaliseCPA
Phone
2015999899
Raw XML AppendixShowing 400 of 458 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0141643
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0143623
IRS990/AccountsReceivableGrp/BOYAmt0469891
IRS990/AccountsReceivableGrp/EOYAmt0412331
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0To find, train and educate students who show excellence in their artistic potential for ballet.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt011682
IRS990/AdvertisingGrp/ProgramServicesAmt036889
IRS990/AdvertisingGrp/TotalAmt048571
IRS990/AllOtherContributionsAmt04424732
IRS990/AllOtherExpensesGrp/FundraisingAmt014823
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt012176
IRS990/AllOtherExpensesGrp/ProgramServicesAmt09819
IRS990/AllOtherExpensesGrp/TotalAmt036818
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0Jin Lee
IRS990/BooksInCareOfDetail/PhoneNum02028321087
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt04301 Harewood Road NE
IRS990/BooksInCareOfDetail/USAddress/CityNm0Washington
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0DC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd0200171558
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt010519
IRS990/CashNonInterestBearingGrp/EOYAmt0137072
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt0161807
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0161807
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt04064
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt011998
IRS990/ConferencesMeetingsGrp/TotalAmt016062
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt04424732
IRS990/CYGrantsAndSimilarPaidAmt0574168
IRS990/CYInvestmentIncomeAmt04816
IRS990/CYOtherExpensesAmt02523496
IRS990/CYOtherRevenueAmt01813
IRS990/CYProgramServiceRevenueAmt03282408
IRS990/CYRevenuesLessExpensesAmt02133517
IRS990/CYSalariesCompEmpBnftPaidAmt02482588
IRS990/CYTotalExpensesAmt05580252
IRS990/CYTotalFundraisingExpenseAmt014823
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt07713769
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt0981409
IRS990/DeferredRevenueGrp/EOYAmt0983200
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt051843
IRS990/DepreciationDepletionGrp/TotalAmt051843
IRS990/Desc0Artistic Staff Accomplishments: In addition to successful ballet exams and performances, several students participated and placed in ballet competitions. In the Washington Grand Prix, Alison Kim and Zoe Loo took first place in their divisions; Kazumi Nunomura and Katherine Neigh were in the top 10 of their divisions; and Ximena Legorreta took 3rd place in the Contemporary Junior Category and placed in the top 10 in the Classical Junior Category. Pre-professional student Jean Pires also won prizes for his choreography in the contemporary category. Students also performed at several external events, including at the World Bank, local schools, and at the Kennedy Center with the Mariinsky Ballet.The ballet teaching staff also welcomed a new and prestigious member to their ranks; Runqiao Du, who danced for 18 years with the Washington Ballet and has strong connections for recruitment in Shanghai and Beijing. Academic Accomplishments: The Academic and Admissions departments have expanded their recruitment for students joining the academic-only program; greater efforts are being made towards DC outreach. This year also saw the establishment of a scholarships committee to meet quarterly to assess students on scholarship; they will be assessed based on their classroom attendance, performance, and behavior to determine the continuation of their scholarship.Academic, Wellness, and Artistic staff are working together to migrate their online database information to a new online database, Gradelink, which will consolidate all information from the various and disparate software being used previously. Residence Life and Facilities:The Kirov Academy building has begun and has planned further renovations, as the building is quite old and has been left unchanged for quite some time.The Academy is also working with DC's Project for Empowerment to employ DC residents living in areas with high levels of unemployment and/or poverty. This is beneficial both as a public relations move for the Academy, and because the DC government will help subsidize the salaries of anyone hired through this initiative. Administration: Among the many administrative changes of 2018 was the increase of benefits provided to staff, including full medical insurance and free meals in the cafeteria. Several changes were made in the Financial Department to increase transparency, with the implementation of a new series of checks and balances, including dual control over critical financial transactions, wire transfers, and payments, all of which must pass Mme. Moon's approval.Efforts to fundraise more effectively from external sources included a partnership with Merrill Lynch, who sponsored the two winter performances.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DoingBusinessAsName/BusinessNameLine1Txt0Kirov Academny of Ballet of Washington DC
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt0104
IRS990/EmploymentTaxReturnsFiledInd00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt03512841
IRS990/FamilyOrBusinessRlnInd01
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt015059
IRS990/FeesForServicesAccountingGrp/TotalAmt015059
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt017513
IRS990/FeesForServicesLegalGrp/TotalAmt017513
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt045365
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0114868
IRS990/FeesForServicesOtherGrp/TotalAmt0160233
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt020.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt340.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt415.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt37560
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/PersonNm0Tatiana Moon
IRS990/Form990PartVIISectionAGrp/PersonNm1Yong Cheon Song
IRS990/Form990PartVIISectionAGrp/PersonNm2Dr Thomas Walsh
IRS990/Form990PartVIISectionAGrp/PersonNm3Pamela Gonzales de Cordova
IRS990/Form990PartVIISectionAGrp/PersonNm4Sean Kim
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt385000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt420769
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/TitleTxt0President & Chairperson
IRS990/Form990PartVIISectionAGrp/TitleTxt1Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Treasurer Sept-Dec
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01986
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt04
IRS990/GrantAmt0574168
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0574168
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0574168
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt07713769
IRS990/GrossRentsGrp/RealAmt01813
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt03
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt01514
IRS990/InformationTechnologyGrp/ProgramServicesAmt06462
IRS990/InformationTechnologyGrp/TotalAmt07976
IRS990/InsuranceGrp/ManagementAndGeneralAmt062122
IRS990/InsuranceGrp/TotalAmt062122
IRS990/InterestGrp/ManagementAndGeneralAmt012028
IRS990/InterestGrp/TotalAmt012028
IRS990/InvestmentIncomeGrp/ExclusionAmt04816
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt04816
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt033
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01767321
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0319755
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0357754
IRS990/LandBldgEquipCostOrOtherBssAmt02125075
IRS990/LegalDomicileStateCd0DC
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0To find, train, and educate students who show excellence in their artistic potential for ballet.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt020075
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt014758
IRS990/NetAssetsOrFundBalancesBOYAmt0-213121
IRS990/NetAssetsOrFundBalancesEOYAmt01920396
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt01813
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt01813
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt08027
IRS990/OccupancyGrp/ProgramServicesAmt0280352
IRS990/OccupancyGrp/TotalAmt0288379
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt028422
IRS990/OfficeExpensesGrp/ProgramServicesAmt065674
IRS990/OfficeExpensesGrp/TotalAmt094096
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02199
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt018595
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt097138
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0115733
IRS990/OtherExpensesGrp/Desc0Loss from Embezzlement
IRS990/OtherExpensesGrp/Desc1Kitchen/Cafeteria
IRS990/OtherExpensesGrp/Desc2Other Student Expenses
IRS990/OtherExpensesGrp/Desc3Recreation & Wellness
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01277378
IRS990/OtherExpensesGrp/ProgramServicesAmt0223849
IRS990/OtherExpensesGrp/ProgramServicesAmt1142405
IRS990/OtherExpensesGrp/ProgramServicesAmt233854
IRS990/OtherExpensesGrp/TotalAmt01277378
IRS990/OtherExpensesGrp/TotalAmt1223849
IRS990/OtherExpensesGrp/TotalAmt2142405
IRS990/OtherExpensesGrp/TotalAmt333854
IRS990/OtherLiabilitiesGrp/BOYAmt0132328
IRS990/OtherLiabilitiesGrp/EOYAmt0151173
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0320724
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01690332
IRS990/OtherSalariesAndWagesGrp/TotalAmt02011056
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt041605
IRS990/PayrollTaxesGrp/ProgramServicesAmt0152387
IRS990/PayrollTaxesGrp/TotalAmt0193992
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt029244
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt07975
IRS990/PrincipalOfficerNm0Sean Kim
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/BusinessCd2611710
IRS990/ProgramServiceRevenueGrp/Desc0Tuition Income
IRS990/ProgramServiceRevenueGrp/Desc1Fee Income
IRS990/ProgramServiceRevenueGrp/Desc2Sales & Performance In
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02937277
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1285488
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt259643
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02937277
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1285488
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt259643
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0147050
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0544952
IRS990/PYInvestmentIncomeAmt01121
IRS990/PYOtherExpensesAmt01011328
IRS990/PYOtherRevenueAmt03745
IRS990/PYProgramServiceRevenueAmt03454734
IRS990/PYRevenuesLessExpensesAmt0-212622
IRS990/PYSalariesCompEmpBnftPaidAmt02262992
IRS990/PYTotalExpensesAmt03819272
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03606650
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt02133517
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt01813
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt03284221
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0230726
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02298018
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt022556
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0814555
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0837111
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0334483
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0111779
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0446262
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0715
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0840987
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0841702
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0151173
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Student Deposits Held
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0357754
IRS990ScheduleD/TotalLiabilityAmt0151173
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0The school has publicized its racially nondiscriminatory policy on the school's general bulletin board and in its company policy.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0574168
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Scholarships
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0Tuition discounts
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt046
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0book value of discounts given on tuitions
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0Ballet students who wish to be admitted to the School ae required to audition with the School's artistic faculty, whose assessment of each student's talent is reviewed by the artistic director. Scholarships are then proposed on the basis of artistic talent demonstrated, and reviewed by the School's Executive Committee to determine whether budgeted funds are available.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part III a-scholarships
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0President and Chairwoman Julia Moon is sister of Executive Director Jonathan Park and daughter of Director Bo Hi Pak. Executive Director Jonathan Park is brother of President and Chairwoman Julia Moon, and son of Director Bo Hi Pak. Director Bo Hi Pak is father of President and Chairwoman Julia Moon. and father of Executive Director Jonathan Park.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Form 990 is reviewed in detail by the controller, and then sent to all Board members for their review before it is filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The conflict of interest policy is included in an annual letter to directors, officers, and key employees, requiring a written response as to the nature of any potential conflict of interest. Responses are reviewed by the Corporate Secretary, who refers any conflict situations to the Board of Directors for their action.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Executive Director's compensation is reviewed and approved by the Chairperson of the Board of Directors, supported with comparability data obtained from the National Business Officers Association. The compensation thus determined is fully specified in an employment contract. The Comptroller/Treasurer's compensation is reviewed, approved and documented by the Executive Director during the School's annual budgetary review with reference to comparability data from the National Business Officers Association and/or other sources.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The governing documents, conflict of interest policy, and financial statements are not made available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, line 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd01
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Universal Cultural Foundation
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0203755855
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0DC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0supporting organization for the Kirov Academy of Ballet
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0Private Foundation
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0PO Box 8603
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Reston
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0VA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd020195
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd01
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0749888
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1100
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0cash received
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1cash charged
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt2FMV = $333,000
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0Universal Cultural Foundation
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1Universal Cultural Foundation
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0C
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1K
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01062334
IRS990/TotalAssetsEOYAmt03213150
IRS990/TotalAssetsGrp/BOYAmt01062334
IRS990/TotalAssetsGrp/EOYAmt03213150
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt04424732
IRS990/TotalEmployeeCnt0104
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt014823
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02052588
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03512841
IRS990/TotalFunctionalExpensesGrp/TotalAmt05580252
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01275455
IRS990/TotalLiabilitiesEOYAmt01292754
IRS990/TotalLiabilitiesGrp/BOYAmt01275455
IRS990/TotalLiabilitiesGrp/EOYAmt01292754
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-213121
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01920396
IRS990/TotalOtherCompensationAmt07560
IRS990/TotalProgramServiceExpensesAmt03512841
IRS990/TotalProgramServiceRevenueAmt03282408
IRS990/TotalReportableCompFromOrgAmt0105769
IRS990/TotalRevenueGrp/ExclusionAmt04816

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,213,150
Liabilities
$1,292,754
Net assets
$1,920,396
Revenue
$7,713,769
Expenses
$5,580,252
Net income
$2,133,517
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.00$12.6$22.9$10.2
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.4$2.18$10.2$5.16$6.66$1.50
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.7$0.97$11.7$7.07$6.05$1.02
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.2$1.43$10.7$14.9$6.04$8.81
2018Detailed filing. Detailed filing data is available for this year.$3.21$1.29$1.92$7.71$5.58$2.13
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.06$1.28$0.21$3.61$3.82$0.21
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.24$1.24$0.00$4.34$3.89$0.45
2015Detailed filing. Detailed filing data is available for this year.$0.99$1.45$0.45$4.55$4.92$0.37
2014Detailed filing. Detailed filing data is available for this year.$1.24$1.32$0.08$4.67$5.24$0.57
2013Detailed filing. Detailed filing data is available for this year.$1.90$1.42$0.49$4.87$4.86$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.08$1.60$0.48$4.65
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.18$1.33$0.85$4.41
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2018 filings • 501(c)3 • $5M-$10M nonprofits