Civic Intelligence

The Universal Ballet Foundation

990 • Fiscal year 2019 • EIN 54-1424487

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 11, 2020

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

40th percentile

0.12x

Higher debt load relative to assets than 40% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

29th percentile

0.10x

Higher debt load relative to revenue than 29% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Net Margin

93rd percentile

59%

Higher net margin than 93% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

42nd percentile

$155,088

Higher top officer pay than 42% of similar nonprofits.

Top officer pay equals 1.0% of source-year revenue.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Asset Growth

99th percentile

279%

Faster asset growth than 99% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

94th percentile

93%

Faster revenue growth than 94% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets40th percentile

Assets

Up

$12,163,081

Up $8,949,931 (+279%) from 2018

Net Assets

Up

$10,728,850

Up $8,808,454 (+459%) from 2018

Liabilities

Up

$1,434,231

Up $141,477 (+11%) from 2018

Revenue And Expenses
Liabilities / Revenue29th percentileNet Margin93rd percentile

Revenue

Up

$14,852,880

Up $7,139,111 (+93%) from 2018

Expenses

Up

$6,044,426

Up $464,174 (+8.3%) from 2018

Net Income

Up

$8,808,454

Up $6,674,937 (+313%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth99th 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

2019

Assets$12,163,081
Liabilities$1,434,231
Net Assets$10,728,850
Open 2019 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

2019

Revenue$14,852,880
Expenses$6,044,426
Net Income$8,808,454
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 11, 2020
Return Version
2019v5.1
Gross Receipts
$14,853,744
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
Land, Buildings, and Equipment, Net$357,754$11,405,747▲ $11,047,993
Accounts Receivable$412,331$381,268▼ $31,063
Cash and Non-Interest-Bearing Accounts$137,072$193,839▲ $56,767
Prepaid Expenses and Deferred Charges$7,975$97,423▲ $89,448
Savings and Temporary Cash Investments$2,298,018$69,466▼ $2,228,552
Total Assets$3,213,150$12,163,081▲ $8,949,931
Other Assets Total$0$15,338▲ $15,338
Liabilities
Deferred Revenue$983,200$857,340▼ $125,860
Mortgage Notes Payable Secured by Investment Property$14,758$470,803▲ $456,045
Accounts Payable and Accrued Expenses$143,623$166,884▲ $23,261
Other Liabilities$151,173$-60,796▼ $211,969
Total Liabilities$1,292,754$1,434,231▲ $141,477
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,920,396$10,728,850▲ $8,808,454
Total Net Assets Fund Balance$1,920,396$10,728,850▲ $8,808,454
Total Liabilities and Net Assets / Fund Balance$3,213,150$12,163,081▲ $8,949,931

Asset Categories

AssetBook ValueDepreciationBasis
Land$6,200,000-$6,200,000
Buildings$4,901,559$239,118$5,140,677
Other Land Buildings$217,165$853,167$1,070,332
Equipment$87,023$725,119$812,142
Compensation and Service Providers
Top Officer Pay42nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Tatiana MoonPresident & ChairpersonFT$145,020$10,068$155,088
Pamela Gonzales de CordovaExecutive DirectorFT$128,096$12,296$140,392
Sean KimTreasurer until Nov 15PT$60,000-$60,000
Jin LeeTreasurer after Nov 15PT$20,192$2,342$22,534

Board Members and Trustees

NameTitle
Dr Thomas WalshDirector
Yong Cheon SongDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$11,912,635
Program Service Revenue
$2,923,820
Investment Income
$14,135
Other Revenue
$2,290
All Other Contributions
$11,912,635
Change in Net Assets
$8,808,454

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Real Estate Other1$10,300,000appraisal
Total Noncash Contributions1$10,300,000-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,284,733
Other Expenses$2,104,093
Grants and Similar Amounts Paid$655,600
Total Fundraising Expense$65,430
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,986,676$412,898-$2,399,574
Grants to Domestic Individuals$513,572--$513,572
Occupancy$433,122$67,305$1,286$501,713
Current Officers, Directors, Trustees, and Key Employees-$378,015-$378,015
Travel$93,031$170,609$16,300$279,940
Other Employee Benefits$220,287$36,643-$256,930
Payroll Taxes$181,225$68,989-$250,214
Depreciation Depletion$157,211--$157,211
Office Expenses$99,429$56,522$1,256$157,207
Grants to Domestic Orgs$142,028--$142,028
Advertising$21,157$85,359$1,500$108,016
Insurance-$107,579-$107,579
Fees for Services Other$89,659$5,128$8,400$103,187
All Other Expenses$55,848$23,085$784$79,717
Fees for Services Legal-$42,726-$42,726
Conferences and Meetings$9,428$13,422$12,909$35,759
Fees for Services Accounting-$27,905-$27,905
Other Expenses$45,702-$22,995$22,995
Information Technology$1,544$11,016-$12,560
Interest$31$9,239-$9,270
Total Functional Expenses$4,462,557$1,516,440$65,430$6,044,426
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Universal Cultural FoundationReston, VA501(c)(3)support their programs$142,028
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$-60,796
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
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
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 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
Jin Lee
Title
Comptroller
Phone
2028321087
Signed
2020-11-11

Organization Details

Principal Officer
Jin Lee
Formed
1986
Legal Domicile
Dc
Voting Board Members
4
Independent Board Members
3
Employees
107
Volunteers
5

Preparer

Firm
Brunhofer & Balise LLP
Address
287 Farview Avenue, Paramus, NJ 07652
Preparer
David BaliseCPA
Phone
2015999899
Raw XML AppendixShowing 400 of 529 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/Desc0Ballet Department:The ballet department conducted a very successful Final Exam during March 11-15, 2019. The students performed exceptionally well in all categories.At the Spring Gala (May 29-30, 2019), the students successfully performed various classical and contemporary works. The Winter Gala performance of The Nutcracker (Dec 13th and 14th, 2019) was completely Sold Out for both performances. We also performed the Nutcracker production in below venues: Mormon Temple of Washington DC (Nov 16th, 2019), World Bank (Dec 14th, 2019), Russian School Olympas (Dec 14th, 2019).Music Department:In the spring of 2019, the music department began offering music courses and piano instruction. In August of 2019, we hosted its inaugural Kirov International Music Festival, a weeklong series of masterclasses and competition. For its jury and teaching faculty, the Academy recruited internationally acclaimed masters of piano and violin from all over the globe, including representatives of The Juilliard School, Moscow State Conservatory, the Glenn Gould School, Seoul National University, and the Maria Canals International Music Competition. Close to 40 students from the United States, South Korea, China, and Mexico were chosen by audition to participate in the festival, and to perform in a closing concert at the John F. Kennedy Center. Through a partnership with the Moscow State Conservatory arranged by President Moon, competition winners were invited to perform and study at the Moscow State Conservatory in September, 2019.In December, 2019 the music department initiated the Gifted & Talented (GT) Program, and the Legendary Masterclass Series to empower prodigies to use their skills to contribute to building a better world. Professor Gary Graffman from the Curtis Institute of Music provided the first Masterclass.Academic Department:The academic program expanded during this year into teaching Music Theory, Music History, Music Appreciation, World Music, Russian language, Introductory Korean, AP US History, AP Math, French 3rd level. The academic program attracted 10 Serving Our Children Scholarship local DC students.6th grade was opened this year with 2 year-round ballet students and 4 local SOC DC students. The academic standard of the academic commuters has improved over the years in the majority of cases. Holding them to a higher standard than in the public schools, along with offering them tutoring from teachers as well as their peers, has stimulated them to 'step up to the plate.'Residence Life Department:Resident life department took care of resident students 24/7. Our qualified kitchen staff created the menu to make sure that all our students receive the food that they need, and when students are sick, we prepare special food and bring it to their rooms. We provided daily activities such as arts and crafts, table games, cooking classes, and hosted several parties for Valentine's Day, Halloween, Christmas.Wellness Department:With the implementation of two nurses to the wellness team, students have had more access to healthcare more hours of the day. The wellness department continues to use Magnus as our electronic health system that safely and effectively documents student conditions. We have maintained our relationship with Dr. Kessous from Montgomery Sports Medicine Center as our orthopedic consultant. We have even just established a relationship with his nutritionist as an added benefit to our dancers.The wellness department has more efficient emergency management, ongoing staff training, and much-improved reported Immunization compliance with the DC Department of Health. We also established close collaboration with Adolescent Health Center at Children's Hospital and ongoing improvement of the student's and supportive personnel knowledge on health maintenance, nutrition, injury, and illness prevention.Lastly, we added one counselor to the wellness team, who has developed a rapport with many of the students. We have one nurse as a full-
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IRS990/NetAssetsOrFundBalancesEOYAmt010728850
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt01200
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt01200
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt02290
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt02290
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01920396
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt010728850
IRS990/NoncashContributionsAmt010300000
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt01286
IRS990/OccupancyGrp/ManagementAndGeneralAmt067305
IRS990/OccupancyGrp/ProgramServicesAmt0433122
IRS990/OccupancyGrp/TotalAmt0501713
IRS990/OfficeExpensesGrp/FundraisingAmt01256
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt056522
IRS990/OfficeExpensesGrp/ProgramServicesAmt099429
IRS990/OfficeExpensesGrp/TotalAmt0157207
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt015338
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt036643
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0220287
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0256930
IRS990/OtherExpensesGrp/Desc0Kitchen/Cafeteria
IRS990/OtherExpensesGrp/Desc1Other Student Expenses
IRS990/OtherExpensesGrp/Desc2Recreation & Wellness
IRS990/OtherExpensesGrp/Desc3Promotional Items
IRS990/OtherExpensesGrp/FundraisingAmt022995
IRS990/OtherExpensesGrp/ProgramServicesAmt0219230
IRS990/OtherExpensesGrp/ProgramServicesAmt1193376
IRS990/OtherExpensesGrp/ProgramServicesAmt245702
IRS990/OtherExpensesGrp/TotalAmt0219230
IRS990/OtherExpensesGrp/TotalAmt1193376
IRS990/OtherExpensesGrp/TotalAmt245702
IRS990/OtherExpensesGrp/TotalAmt322995
IRS990/OtherLiabilitiesGrp/BOYAmt0151173
IRS990/OtherLiabilitiesGrp/EOYAmt0-60796
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0412898
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01986676
IRS990/OtherSalariesAndWagesGrp/TotalAmt02399574
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt068989
IRS990/PayrollTaxesGrp/ProgramServicesAmt0181225
IRS990/PayrollTaxesGrp/TotalAmt0250214
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt07975
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt097423
IRS990/PrincipalOfficerNm0Jin Lee
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/BusinessCd2611710
IRS990/ProgramServiceRevenueGrp/Desc0Tuition Income
IRS990/ProgramServiceRevenueGrp/Desc1Fee Income
IRS990/ProgramServiceRevenueGrp/Desc2Sales & Performance Inc.
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02605914
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1259312
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt258594
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02605914
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1259312
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt258594
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt04424732
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0574168
IRS990/PYInvestmentIncomeAmt04816
IRS990/PYOtherExpensesAmt02523496
IRS990/PYOtherRevenueAmt01813
IRS990/PYProgramServiceRevenueAmt03282408
IRS990/PYRevenuesLessExpensesAmt02133517
IRS990/PYSalariesCompEmpBnftPaidAmt02482588
IRS990/PYTotalExpensesAmt05580252
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt07713769
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt08808454
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt02290
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02926110
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02298018
IRS990/SavingsAndTempCashInvstGrp/EOYAmt069466
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/BuildingsGrp/BookValueAmt04901559
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0239118
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05140677
IRS990ScheduleD/EquipmentGrp/BookValueAmt087023
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0725119
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0812142
IRS990ScheduleD/LandGrp/BookValueAmt06200000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt06200000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0217165
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0853167
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01070332
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0-60796
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Student Deposits Held
IRS990ScheduleD/TotalBookValueLandBuildingsAmt011405747
IRS990ScheduleD/TotalLiabilityAmt0-60796
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/CashGrantAmt0389373
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Scholarships
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0Tuition discounts
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt079
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0book value of discounts given on tuitions
IRS990ScheduleI/RecipientTable/CashGrantAmt0142028
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0support their programs
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Universal Cultural Foundation
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0PO Box 8603
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Reston
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0VA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd020195
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0We normally do not give grants to other charities, but we have known this organization for many years and are very familiar with their operations and activities.
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt1Ballet 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 I, Line 2:
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc1Part III a-scholarships
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0145020
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt010068
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Tatiana Moon
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0President & Chairperson
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0155088
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SubstantiationRequiredInd01
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/RealEstateOtherGrp/ContributionCnt01
IRS990ScheduleM/RealEstateOtherGrp/MethodOfDeterminingRevenuesTxt0appraisal
IRS990ScheduleM/RealEstateOtherGrp/NonCashCheckboxInd0X
IRS990ScheduleM/RealEstateOtherGrp/NoncashContributionsRptF990Amt010300000
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd01
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Form 990 is reviewed in detail by the controller, and then sent to all Board members for their review before it is filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The 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/ExplanationTxt2The 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/ExplanationTxt3The governing documents, conflict of interest policy, and financial statements are not made available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 15

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$12,163,081
Liabilities
$1,434,231
Net assets
$10,728,850
Revenue
$14,852,880
Expenses
$6,044,426
Net income
$8,808,454
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
2019Detailed filing. Detailed filing data is available for this year.$12.2$1.43$10.7$14.9$6.04$8.81
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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