Civic Intelligence

The Universal Ballet Foundation

990 • Fiscal year 2022 • EIN 54-1424487

Jan 01, 2022 to Dec 31, 2022 • Filed on Mar 02, 2023

Organization Profilewww.kirovacademydc.org

View Organization Page

220 White Plains RoadTarrytown, NY 10591

(202) 832-1087

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2022

Liabilities / Revenue

5th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Net Margin

4th percentile

-81%

Higher net margin than 4% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

25th percentile

$108,724

Higher top officer pay than 25% of similar nonprofits.

Top officer pay equals 0.9% of source-year revenue.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Asset Growth

1st percentile

-100%

Faster asset growth than 1% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

95th percentile

145%

Faster revenue growth than 95% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$0

Down $12,421,154 (-100%) from 2021

Net Assets

Down

$0

Down $10,246,038 (-100%) from 2021

Liabilities

Down

$0

Down $2,175,116 (-100%) from 2021

Revenue And Expenses
Liabilities / Revenue5th percentileNet Margin4th percentile

Revenue

Up

$12,642,868

Up $7,482,600 (+145%) from 2021

Expenses

Up

$22,888,906

Up $16,226,864 (+244%) from 2021

Net Income

Down

-$10,246,038

Down $8,744,264 (-582%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth1st 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

2022

Assets$0
Liabilities$0
Net Assets$0
Open 2022 Filing

Operations Trend

Revenue Growth95th 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

2022

Revenue$12,642,868
Expenses$22,888,906
Net Income-$10,246,038
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Mar 2, 2023
Return Version
2022v4.1
Gross Receipts
$24,571,721
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$11,190,158$0▼ $11,190,158
Savings and Temporary Cash Investments$805,701$0▼ $805,701
Cash and Non-Interest-Bearing Accounts$291,898$0▼ $291,898
Accounts Receivable$86,359$0▼ $86,359
Prepaid Expenses and Deferred Charges$44,369$0▼ $44,369
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$12,421,154$0▼ $12,421,154
Other Assets Total$2,669$0▼ $2,669
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,463,460$0▼ $1,463,460
Deferred Revenue$468,042$0▼ $468,042
Accounts Payable and Accrued Expenses$211,603$0▼ $211,603
Other Liabilities$32,011$0▼ $32,011
Total Liabilities$2,175,116$0▼ $2,175,116
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$10,235,843$0▼ $10,235,843
Net Assets With Donor Restrictions$10,195$0▼ $10,195
Total Net Assets Fund Balance$10,246,038$0▼ $10,246,038
Total Liabilities and Net Assets / Fund Balance$12,421,154$0▼ $12,421,154
Compensation and Service Providers
Top Officer Pay25th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Pamela Gonzales de CordovaExecutive DirectorFT$100,217$8,507$108,724
Jin LeeSecretary/TreasurerFT$61,370$6,850$68,220

Board Members and Trustees

NameTitle
Dr Thomas WalshDirector,Chairman
Gerard WillisDirector
Thomas SeloverDirector
Yong Cheol SongDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$41,883
Program Service Revenue
$1,967,856
Investment Income
$10,631,849
Other Revenue
$1,280
All Other Contributions
$41,883
Change in Net Assets
$-10,246,038
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$19,886,960
Salaries, Compensation, and Employee Benefits$1,929,050
Other Expenses$1,072,896
Total Fundraising Expense$23,517
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$19,321,863--$19,321,863
Other Salaries and Wages$1,362,076$154,874$1,900$1,518,850
Grants to Domestic Individuals$565,097--$565,097
Occupancy$196,858$7,551-$204,409
Depreciation Depletion$194,720--$194,720
Fees for Services Other$22,985$169,600-$192,585
Current Officers, Directors, Trustees, and Key Employees-$176,944-$176,944
Payroll Taxes-$138,370-$138,370
Office Expenses$52,448$69,483$317$122,248
Other Employee Benefits$82,849$12,037-$94,886
Interest$5,273$73,482-$78,755
Insurance-$70,753-$70,753
Fees for Services Accounting-$25,308-$25,308
Conferences and Meetings$1,363$1,835$20,318$23,516
All Other Expenses$200$5,194$792$6,186
Fees for Services Legal-$4,960-$4,960
Information Technology$2,185$2,682-$4,867
Travel$1,661$1,769-$3,430
Advertising-$2,225-$2,225
Other Expenses$919-$190$190
Total Functional Expenses$21,948,322$917,067$23,517$22,888,906
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Universal Peace FederationTarrytown, NY501(c)(3)general support$19,321,862
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 Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
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
220 White Plains Road, Tarrytown, NY 10591
Doing Business As
Kirov Academny of Ballet of Washington DC

Signing Officer

Name
Jin Lee
Title
Treasurer
Phone
2028321087
Signed
2023-03-02

Organization Details

Principal Officer
Jin Lee
Formed
1986
Legal Domicile
Dc
Voting Board Members
5
Independent Board Members
4
Employees
85
Volunteers
0

Preparer

Firm
Brunhofer & Balise LLP
Address
287 N 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/Desc0Final School YearDue to financial challenges, the Kirov Academy concluded its final school year in May of 2022. The care of our students was our highest priority during 2022. In spite of the challenges facing the Kirov Academy, the 2021-2022 academic year was one of our most successful and memorable.Student TransferGiven the UBF Board's decision to implement an orderly wind-down of the Academy, the school year's top priority was guiding students to find their next college, another school, or a professional career. To support this goal, the Universal Ballet Foundation Board allowed scholarships for ballet students to participate in various auditions and competitions. All ballet and Academic Only ("AO") students regularly communicated with their assigned staff or faculty members throughout the school year. Except for 2 students who decided to go back to their home countries, we successfuly transferred all ballet students to new schools or ballet companies including The Washington Ballet. We also placed over 70% of "academic only" students to their next schools before the end of school year; which is relatively an early placement for academic schools since the usual transferring process happens during summer.Ballet Department:Ballet students participated in several regional "young artist" competitions and won 1st, 2nd, and 3rd places in both classical and contemporary categories. Many of them were invited to the semi-final and final rounds and the group performances won 1st and 3rd places. At New York City YAGP competition, the Kirov faculty received Outstanding Faculty Award as well. Three ballet students went to the Helsinki International Ballet Competition, the most prestigious competitions in the ballet world. At the Spring Gala (May 26-28, 2022), the students successfully performed various classical and contemporary works.Music Department:The music program offered diverse performing opportunities such as a beneficiary concert with DC String Orchestra. The Academy conducted top-notch masterclasses with Antonio Pompa-Baldi, the winner of Van Cliburn International Piano Competition, and supported students entering the music colleges.Academic Department:Integrating Edgenuity into the Academic Program diversed the choice of classes students could choose from, and accommodated the unique situation of the Academy when all ballet students had to finish their Academic courses early for the end of semester performances whereas Academic Only students had to continue classes. With the implementation of two counselors, one for life skills and one for career development, students received balanced and tailored guidances on their professional and psychological growth.The Residence Life Department: The resident life department took care of resident students 24/7. Our kitchen staff created the menu to make sure that all our students received the food that they needed, and when students were sick we prepared special food and brought 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.Wellness Department:With an on-campus nurse and physical therapist, students had access to healthcare more hours of the day. To be in compliance with the guidelines from the DC Health Department regarding COVID-19, the Academy conducted weekly COVID-19 testing and fully executed quarantine protocols when we had positive cases. The wellness department continued to use Magnus as our electronic health system that safely and effectively documented student conditions. We also maintained our relationship with Dr. Kessous from Montgomery Sports Medicine Center as our orthopedic consultant. Closing of Universal Ballet FoundationAfter the close of the Kirov Academy in May, the Board of Directors sold the property on Harewood Road, and in December of 2022 dissolved the Universal Ballet Foundation. The remaining assets of UBF, by resolution of the Board of Directors of UBF, wer
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IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt010235843
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt07551
IRS990/OccupancyGrp/ProgramServicesAmt0196858
IRS990/OccupancyGrp/TotalAmt0204409
IRS990/OfficeExpensesGrp/FundraisingAmt0317
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt069483
IRS990/OfficeExpensesGrp/ProgramServicesAmt052448
IRS990/OfficeExpensesGrp/TotalAmt0122248
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02669
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt012037
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt082849
IRS990/OtherEmployeeBenefitsGrp/TotalAmt094886
IRS990/OtherExpensesGrp/Desc0Kitchen/Cafeteria
IRS990/OtherExpensesGrp/Desc1Other Student Expenses
IRS990/OtherExpensesGrp/Desc2Recreation & Wellness
IRS990/OtherExpensesGrp/FundraisingAmt0190
IRS990/OtherExpensesGrp/ProgramServicesAmt071405
IRS990/OtherExpensesGrp/ProgramServicesAmt166420
IRS990/OtherExpensesGrp/ProgramServicesAmt2919
IRS990/OtherExpensesGrp/TotalAmt071405
IRS990/OtherExpensesGrp/TotalAmt166420
IRS990/OtherExpensesGrp/TotalAmt2919
IRS990/OtherExpensesGrp/TotalAmt3190
IRS990/OtherLiabilitiesGrp/BOYAmt032011
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt01900
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0154874
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01362076
IRS990/OtherSalariesAndWagesGrp/TotalAmt01518850
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0138370
IRS990/PayrollTaxesGrp/TotalAmt0138370
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt044369
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
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/RelatedOrExemptFuncIncomeAmt01864924
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt156280
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt246652
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01864924
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt156280
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt246652
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0581221
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt01202071
IRS990/PYInvestmentIncomeAmt024386
IRS990/PYOtherExpensesAmt01659944
IRS990/PYOtherRevenueAmt08750
IRS990/PYProgramServiceRevenueAmt04545911
IRS990/PYRevenuesLessExpensesAmt0-1501774
IRS990/PYSalariesCompEmpBnftPaidAmt03800027
IRS990/PYTotalExpensesAmt06662042
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05160268
IRS990/QuidProQuoContributionsInd00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-10246038
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt01280
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01969136
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0805701
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
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/CashGrantAmt0565097
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Scholarships
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0Tuition discounts
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt069
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0book value of discounts given on tuitions
IRS990ScheduleI/RecipientTable/CashGrantAmt019321862
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0general support
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Universal Peace Federation
IRS990ScheduleI/RecipientTable/RecipientEIN0522199888
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0220 White Plains Road
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Tarrytown
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NY
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd010591
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0In connection with the Academy's winddown, the Academy granted its net assets to Universal Peace Federation, a 501(c)(3) tax-exempt organization that sponsors a wide range of educational programs on an international level, including conferences, seminars, and public events that are dedicated to promoting the arts, while also underscoring the essential value of the arts and artists in the effort to build a better world for all people.
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
IRS990/ScheduleJRequiredInd00
IRS990ScheduleN/AssetsDistributedInd01
IRS990ScheduleN/AttorneyGeneralNotifiedInd01
IRS990ScheduleN/BondsOutstandingInd00
IRS990ScheduleN/DirectorOfSuccessorInd01
IRS990ScheduleN/EmployeeOfSuccessorInd01
IRS990ScheduleN/LiabilitiesPaidInd01
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0cash
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc1cash
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt0Universal Peace Federation
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt1Universal Peace Federation
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02022-10-21
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt12022-12-22
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN0522199888
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN1522199888
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt019307387
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt114475
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt0501(c)(3)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt1501(c)(3)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0cash value
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt1cash value
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt0220 White Plains Road
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt1220 White Plains Road
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm0Tarrytown
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm1Tarrytown
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd0NY
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd1NY
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd010591
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd110591
IRS990ScheduleN/OwnerOfSuccessorInd00
IRS990ScheduleN/ReceiveCompensationInd00
IRS990ScheduleN/RequiredToNotifyAGInd01
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt0Person(s) Involved: Dr. Thomas Walsh
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt1Explanation of Involvement: Dr. Walsh is the chairman of both Universal Peace Federation and Universal Ballet Foundation (the "Academy"). Consistent with the Academy's conflict of interest policy, Dr. Walsh recused himself from the discussion and vote regarding which organization would receive the net assets of the Academy in connection with its dissolution. The Academy's Board of Directors (without Dr. Walsh) determined that it was in the best interest of the Academy to provide the Academy's net assets to Universal Peace Federation, in light of the history of collaboration between the two organizations and due to Universal Peace Federation's existing educational programs that are dedicated to promoting the arts, while also underscoring the essential value of the arts and artists in the effort to build a better world for all people.
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2e:
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc1Part I, Line 2e:
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
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd01
IRS990/TotalAssetsBOYAmt012421154
IRS990/TotalAssetsEOYAmt00
IRS990/TotalAssetsGrp/BOYAmt012421154
IRS990/TotalAssetsGrp/EOYAmt00
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt041883
IRS990/TotalEmployeeCnt085

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$0
Liabilities
$0
Net assets
$0
Revenue
$12,642,868
Expenses
$22,888,906
Net income
-$10,246,038
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$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
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