Civic Intelligence

The Universal Ballet Foundation

990 • Fiscal year 2020 • EIN 54-1424487

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 15, 2021

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

32nd percentile

0.08x

Higher debt load relative to assets than 32% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

30th percentile

0.14x

Higher debt load relative to revenue than 30% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Net Margin

70th percentile

14%

Higher net margin than 70% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

50th percentile

$172,191

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 2.4% of source-year revenue.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Asset Growth

43rd percentile

4.6%

Faster asset growth than 43% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

6th percentile

-52%

Faster revenue growth than 6% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets32nd percentile

Assets

Up

$12,718,300

Up $555,219 (+4.6%) from 2019

Net Assets

Up

$11,747,812

Up $1,018,962 (+9.5%) from 2019

Liabilities

Down

$970,488

Down $463,743 (-32%) from 2019

Revenue And Expenses
Liabilities / Revenue30th percentileNet Margin70th percentile

Revenue

Down

$7,069,621

Down $7,783,259 (-52%) from 2019

Expenses

Up

$6,050,659

Up $6,233 (+0.1%) from 2019

Net Income

Down

$1,018,962

Down $7,789,492 (-88%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth43rd 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

2020

Assets$12,718,300
Liabilities$970,488
Net Assets$11,747,812
Open 2020 Filing

Operations Trend

Revenue Growth6th 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

2020

Revenue$7,069,621
Expenses$6,050,659
Net Income$1,018,962
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 15, 2021
Return Version
2020v4.1
Gross Receipts
$7,069,621
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$11,405,747$11,332,702▼ $73,045
Savings and Temporary Cash Investments$69,466$926,953▲ $857,487
Receivables From Officers Etc$0$184,489▲ $184,489
Accounts Receivable$381,268$161,850▼ $219,418
Cash and Non-Interest-Bearing Accounts$193,839$60,086▼ $133,753
Prepaid Expenses and Deferred Charges$97,423$52,220▼ $45,203
Total Assets$12,163,081$12,718,300▲ $555,219
Other Assets Total$15,338$0▼ $15,338
Liabilities
Deferred Revenue$671,038$579,272▼ $91,766
Mortgage Notes Payable Secured by Investment Property$470,803$142,184▼ $328,619
Other Liabilities$125,506$127,093▲ $1,587
Accounts Payable and Accrued Expenses$166,884$121,939▼ $44,945
Total Liabilities$1,434,231$970,488▼ $463,743
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$10,728,850$11,720,812▲ $991,962
Net Assets With Donor Restrictions-$27,000-
Total Net Assets Fund Balance$10,728,850$11,747,812▲ $1,018,962
Total Liabilities and Net Assets / Fund Balance$12,163,081$12,718,300▲ $555,219

Asset Categories

AssetBook ValueDepreciationBasis
Land$6,200,000-$6,200,000
Buildings$4,753,265$451,883$5,205,148
Other Land Buildings$284,140$882,793$1,166,933
Equipment$95,297$755,655$850,952
Compensation and Service Providers
Top Officer Pay50th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Tatiana MoonPresident & ChairpersonFT$160,000$12,191$172,191
Pamela Gonzales de CordovaExecutive DirectorFT$134,760$12,544$147,304
Jin LeeSecretary/TreasurerFT$72,509$9,384$81,893

Board Members and Trustees

NameTitle
Baroness Rida von LuelsdorffDirector
Dr Thomas WalshDirector
Gerard WillisDirector
Thomas SeloverDirector
Yong Cheol SongDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$4,350,473
Program Service Revenue
$2,716,488
Investment Income
$785
Other Revenue
$1,875
All Other Contributions
$3,750,773
Change in Net Assets
$1,018,962
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,838,910
Other Expenses$1,468,766
Grants and Similar Amounts Paid$742,983
Total Fundraising Expense$19,953
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,381,603$466,790-$2,848,393
Grants to Domestic Individuals$742,983--$742,983
Current Officers, Directors, Trustees, and Key Employees-$405,630-$405,630
Other Employee Benefits$265,343$37,105-$302,448
Payroll Taxes$110,806$171,633-$282,439
Depreciation Depletion$272,927--$272,927
Occupancy$256,316$-254-$256,062
Advertising$7,694$155,419$10,000$173,113
Fees for Services Other$41,325$88,507-$129,832
Insurance-$110,098-$110,098
Office Expenses$102,635$-10,415-$92,220
Information Technology$6,537$44,924-$51,461
Interest$13,143$16,364-$29,507
Fees for Services Accounting-$25,649-$25,649
Conferences and Meetings$3,413$9,071$3,650$16,134
All Other Expenses$7,684$6,551$324$14,559
Travel$24,683$-12,167-$12,516
Other Expenses$13,559-$5,979$5,979
Total Functional Expenses$4,515,801$1,514,905$19,953$6,050,659
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$0$184,489▲ $184,489
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Student Deposits Held$127,093
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Treasurer
Phone
2028321087
Signed
2021-11-15

Organization Details

Principal Officer
Jin Lee
Formed
1986
Legal Domicile
Dc
Voting Board Members
7
Independent Board Members
5
Employees
113
Volunteers
5

Preparer

Firm
Brunhofer & Balise LLP
Address
287 Farview Avenue, Paramus, NJ 07652
Preparer
David BaliseCPA
Phone
2015999899
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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/Desc02020 Achievements Kirov Academy Ballet Department (December 2020)The ballet department was unable to perform the traditional in person "Nutcracker" in December 2020 as a result of the COVID-19 pandemic. We offered the performances and livestreamed it to the public and families. We worked closely with the CDC and DC Health Department to develop protocols. No other school in Washington, DC has been able to report more than full-enrollment of students without one single case of COVID-19. Very First Ballet and Music Fusion ProgramWe have created a one of a kind Ballet/Music Fusion Program. We set a precedent in providing educational services to students that have potential in both ballet and music. Our goal is to provide a world class education in ballet and music at the same school. Kirov Academy Music Department Kirov Academy developed a classical music program to match its ballet program and has offered music courses and piano instruction. We hosted the inaugural Kirov International Music Festival in 2019, a weeklong series of masterclasses and competitions but due to COVID we were unable to hold this festival in 2020. Partnering with Moscow Academy, and masters from Juilliard and Peabody Institute (Johns Hopkins) allowed us to continue the music program virtually.Kirov Academy launched the Year-Round Music Program enrolling talented piano and violin students. Kirov Academy also 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. The Music Department successfully launched these music programs, both in-person and virtual, and increased student enrollments overall.Programs offered in 2020 Year-Round Kirov Academy Year-Round Program is designed for music students in grades 6 through 12. Students. Students in academic grades 6-12 who board at the Academy, combine their academic studies with a classical music curriculum that focuses on the pursuit of a classical music career. Artistic-OnlyOpen to ages 10 and up, two prodigies participated in the artistic-only program and fulfilled their academic studies through other academic programs outside of the Academy. They have taken our specialized courses, including music theory, music history, chamber music, music appreciation, and masterclasses. Ballet / Music duel program Open to Kirov Year-Round ballet students, our fusion student studies piano, chamber music, music appreciation and masterclasses, as well the full ballet YR programs. Transition to a Virtual LearningThroughout the year, Kirov Academy has been hard at work finding new ways to make and share music. With continual innovation and flexibility, we made sure the music never stopped even in a virtual world. When the pandemic arrived, Kirov faculty and staff quickly adapted their private lessons, performance classes, and masterclasses to Zoom. This switch to online learning opened up a number of new opportunities for students, including a virtual recital series, classical music podcast as well as new online electives covering musicianship courses and more. We have offered the following virtual programs: Virtual Music YR ProgramVirtual Pre-ProVirtual GT Music Program Virtual Pre-Professional Program Pre-Professional ProgramThe Kirov Academy's Virtual Music Program is for serious music students with ambitions of entering the professional music world. We connected our students with world-renowned musicians, professors, and mentors to guide them through the process of auditioning for the top music schools and conservatories in the country. We offered real guidance, practical instruction, and lifelong advice to help our students thrive as professional musicians. Virtual GT Music ProgramThe Kirov virtual GT Music Program provides pre-college musical training and preparation for students 5-18 years of age who exhibit the potential and discipline to continue pursuing music study at the college level and beyond. The GT curricu
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IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0142184
IRS990/NetAssetsOrFundBalancesBOYAmt010728850
IRS990/NetAssetsOrFundBalancesEOYAmt011747812
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt01875
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt01875
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt010728850
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt011720812
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0-254
IRS990/OccupancyGrp/ProgramServicesAmt0256316
IRS990/OccupancyGrp/TotalAmt0256062
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0-10415
IRS990/OfficeExpensesGrp/ProgramServicesAmt0102635
IRS990/OfficeExpensesGrp/TotalAmt092220
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt015338
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt037105
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0265343
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0302448
IRS990/OtherExpensesGrp/Desc0Kitchen/Cafeteria
IRS990/OtherExpensesGrp/Desc1Other Student Expenses
IRS990/OtherExpensesGrp/Desc2Recreation & Wellness
IRS990/OtherExpensesGrp/Desc3Promotional Items
IRS990/OtherExpensesGrp/FundraisingAmt05979
IRS990/OtherExpensesGrp/ProgramServicesAmt0137493
IRS990/OtherExpensesGrp/ProgramServicesAmt1127657
IRS990/OtherExpensesGrp/ProgramServicesAmt213559
IRS990/OtherExpensesGrp/TotalAmt0137493
IRS990/OtherExpensesGrp/TotalAmt1127657
IRS990/OtherExpensesGrp/TotalAmt213559
IRS990/OtherExpensesGrp/TotalAmt35979
IRS990/OtherLiabilitiesGrp/BOYAmt0125506
IRS990/OtherLiabilitiesGrp/EOYAmt0127093
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0466790
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02381603
IRS990/OtherSalariesAndWagesGrp/TotalAmt02848393
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0171633
IRS990/PayrollTaxesGrp/ProgramServicesAmt0110806
IRS990/PayrollTaxesGrp/TotalAmt0282439
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt097423
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt052220
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 In
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02176177
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1520903
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt219408
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02176177
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1520903
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt219408
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt011912635
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0655600
IRS990/PYInvestmentIncomeAmt014135
IRS990/PYOtherExpensesAmt02104093
IRS990/PYOtherRevenueAmt02290
IRS990/PYProgramServiceRevenueAmt02923820
IRS990/PYRevenuesLessExpensesAmt08808454
IRS990/PYSalariesCompEmpBnftPaidAmt03284733
IRS990/PYTotalExpensesAmt06044426
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt014852880
IRS990/QuidProQuoContributionsInd00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt0184489
IRS990/ReconcilationRevenueExpnssAmt01018962
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt01875
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02718363
IRS990/SavingsAndTempCashInvstGrp/BOYAmt069466
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0926953
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/BookValueAmt04753265
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0451883
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05205148
IRS990ScheduleD/EquipmentGrp/BookValueAmt095297
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0755655
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0850952
IRS990ScheduleD/LandGrp/BookValueAmt06200000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt06200000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0284140
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0882793
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01166933
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0127093
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Student Deposits Held
IRS990ScheduleD/TotalBookValueLandBuildingsAmt011332702
IRS990ScheduleD/TotalLiabilityAmt0127093
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/GrantRecordsMaintainedInd00
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Scholarships
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt0742983
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0Tuition discounts
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0114
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
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0160000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt012191
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Tatiana Moon
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0President & Chairperson
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0172191
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SubstantiationRequiredInd01
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt0184489
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0advance for expenses, repaid with 6.8% interest in the following year
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0184489
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0Tatiana Moon
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0President and Chairperson
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd01
IRS990ScheduleL/TotalBalanceDueAmt0184489
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$12,718,300
Liabilities
$970,488
Net assets
$11,747,812
Revenue
$7,069,621
Expenses
$6,050,659
Net income
$1,018,962
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
2020Detailed filing. Detailed filing data is available for this year.$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
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