Civic Intelligence

Verse Video Education Inc.

990 • Fiscal year 2018 • EIN 81-0902953

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 15, 2019

25 Francis AvenueCambridge, MA 02138

(541) 729-8538

Siviq Scores

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

Liabilities / Assets

37th percentile

0.03x

Higher debt load relative to assets than 37% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

32nd percentile

0.03x

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

87th percentile

37%

Higher net margin than 87% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

48th percentile

$59,375

Higher top officer pay than 48% of similar nonprofits.

Top officer pay equals 4.4% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

93rd percentile

60%

Faster asset growth than 93% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

96th percentile

175%

Faster revenue growth than 96% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$1,419,066

Up $534,721 (+60%) from 2017

Net Assets

Up

$1,373,485

Up $495,562 (+56%) from 2017

Liabilities

Up

$45,581

Up $39,159 (+610%) from 2017

Revenue

Up

$1,348,375

Up $857,180 (+175%) from 2017

Expenses

Down

$852,813

Down $47,350 (-5.3%) from 2017

Net Income

Up

$495,562

Up $904,530 (+221%) from 2017

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2015: $1Liabilities 2015: $0Net Assets 2015: $02015Assets 2016: $1,141,933Liabilities 2016: $0Net Assets 2016: $1,141,9332016Assets 2017: $884,345Liabilities 2017: $6,422Net Assets 2017: $877,9232017Assets 2018: $1,419,066Liabilities 2018: $45,581Net Assets 2018: $1,373,4852018Assets 2019: $1,301,998Liabilities 2019: $24,149Net Assets 2019: $1,277,8492019Assets 2020: $1,070,216Liabilities 2020: $105,809Net Assets 2020: $964,4072020Assets 2021: $2,537,587Liabilities 2021: $61,286Net Assets 2021: $2,476,3012021Assets 2022: $2,174,014Liabilities 2022: $82,812Net Assets 2022: $2,091,2022022Assets 2023: $2,144,314Liabilities 2023: $127,455Net Assets 2023: $2,016,8592023Assets 2024: $2,747,629Liabilities 2024: $92,461Net Assets 2024: $2,655,1682024

Highlighted filing

2018

Assets$1,419,066
Liabilities$45,581
Net Assets$1,373,485

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2015: $0Expenses 2015: $0Net Income 2015: $02015Revenue 2016: $1,517,902Expenses 2016: $521,051Net Income 2016: $996,8512016Revenue 2017: $491,195Expenses 2017: $900,163Net Income 2017: -$408,9682017Revenue 2018: $1,348,375Expenses 2018: $852,813Net Income 2018: $495,5622018Revenue 2019: $550,459Expenses 2019: $646,095Net Income 2019: -$95,6362019Revenue 2020: $1,040,544Expenses 2020: $1,353,986Net Income 2020: -$313,4422020Revenue 2021: $2,839,483Expenses 2021: $1,327,589Net Income 2021: $1,511,8942021Revenue 2022: $716,403Expenses 2022: $1,101,502Net Income 2022: -$385,0992022Revenue 2023: $1,399,126Expenses 2023: $1,213,103Net Income 2023: $186,0232023Revenue 2024: $1,715,821Expenses 2024: $1,327,511Net Income 2024: $388,3102024

Highlighted filing

2018

Revenue$1,348,375
Expenses$852,813
Net Income$495,562
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 15, 2019
Return Version
2018v3.1
Gross Receipts
$1,348,375
Mission and Program Overview

Mission

The mission of verse video education inc is dedicated to developing video and accompanying curricular materials in the arts and humanities and beyond; creating a body of educational content capable of reaching a broad community of learners - formal and informal, on-line and residential, young and old, american and international; and enhancing educational experiences, both within and outside of the classroom.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable-$750,000-
Cash and Non-Interest-Bearing Accounts$696,043$517,159▼ $178,884
Land, Buildings, and Equipment, Net$24,151$17,829▼ $6,322
Total Assets$884,345$1,419,066▲ $534,721
Other Assets Total$164,151$134,078▼ $30,073
Liabilities
Accounts Payable and Accrued Expenses$6,422$45,581▲ $39,159
Total Liabilities$6,422$45,581▲ $39,159
Net Assets / Fund Balance
Temporarily Rstr Net Assets$126,937$964,876▲ $837,939
Unrestricted Net Assets$750,986$408,609▼ $342,377
Total Net Assets Fund Balance$877,923$1,373,485▲ $495,562
Total Liabilities and Net Assets / Fund Balance$884,345$1,419,066▲ $534,721

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$17,829$13,781-
Other Assets Org$134,078--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Leah Reis-dennisTreasurerPT$59,375$59,375

Board Members and Trustees

NameTitle
Elisa NewPresident
Deborah Hayes StoneDirector
John SteeleDirector
Matina Koronis KoesterDirector
Robert PinskyDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$1,309,200
Program Service Revenue
$39,175
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,309,200
Change in Net Assets
$495,562
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$626,977
Salaries, Compensation, and Employee Benefits$225,836
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$141,852$6,150-$148,002
Fees for Services Other$121,517$9,731-$131,248
Current Officers, Directors, Trustees, and Key Employees$44,531$14,844-$59,375
Travel$18,894$30,552-$49,446
Office Expenses$14,838$15,565-$30,403
Other Expenses$25,200$10,994-$25,200
Advertising-$21,916-$21,916
Payroll Taxes$16,595$1,864-$18,459
Fees for Services Accounting-$17,923-$17,923
Insurance$4,692$5,285-$9,977
All Other Expenses$3,743$4,713-$8,456
Depreciation Depletion-$6,322-$6,322
Fees for Services Legal-$4,715-$4,715
Total Functional Expenses$702,239$150,574$0$852,813
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The organization's president receives a copy of form 990 and all schedules for review and comments prior to the signing and filing of form 990.

Form 990, Part VI, Section C, Line 19

AVAILABLE UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
Verse Video Education Inc
EIN
81-0902953
Phone
5417298538
Address
25 FRANCIS AVENUE, CAMBRIDGE, MA 02138

Signing Officer

Name
Leah Reis-dennis
Title
President
Phone
5417298538
Signed
2019-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Elisa New
Formed
2015
Legal Domicile
Ma
Voting Board Members
6
Independent Board Members
6
Employees
7
Volunteers
0

Preparer

Firm
Wald & Company Pc
Address
300 CONGRESS STREET UNIT 406, QUINCY, MA 02169
Preparer
Howard S Gordon
Phone
6174390600
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Outside services: program service expenses 121,517. Management and general expenses 9,731. Fundraising expenses 0. Total expenses 131,248.

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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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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/BookValueAmt017829
IRS990ScheduleD/EquipmentGrp/DepreciationAmt013781
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt031610
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0134078
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0VIDEO FOOTAGE AND INTELLECTUAL PROPERTY
IRS990ScheduleD/TotalBookValueLandBuildingsAmt017829
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0134078
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S PRESIDENT RECEIVES A COPY OF FORM 990 AND ALL SCHEDULES FOR REVIEW AND COMMENTS PRIOR TO THE SIGNING AND FILING OF FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2OUTSIDE SERVICES: PROGRAM SERVICE EXPENSES 121,517. MANAGEMENT AND GENERAL EXPENSES 9,731. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 131,248.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART IX, LINE 11G
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IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
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IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0126937
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0964876
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsEOYAmt01419066
IRS990/TotalAssetsGrp/BOYAmt0884345
IRS990/TotalAssetsGrp/EOYAmt01419066
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IRS990/TotalContributionsAmt01309200
IRS990/TotalEmployeeCnt07
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0150574
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0702239
IRS990/TotalFunctionalExpensesGrp/TotalAmt0852813
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt06422
IRS990/TotalLiabilitiesEOYAmt045581
IRS990/TotalLiabilitiesGrp/BOYAmt06422
IRS990/TotalLiabilitiesGrp/EOYAmt045581
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0877923
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01373485
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0702239
IRS990/TotalProgramServiceRevenueAmt039175
IRS990/TotalReportableCompFromOrgAmt059375
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt039175
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01348375
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0884345
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01419066
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt030552
IRS990/TravelGrp/ProgramServicesAmt018894
IRS990/TravelGrp/TotalAmt049446
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0750986
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0408609
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.POETRYINAMERICA.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02020-03-31 21:24:44Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0LEAH REIS-DENNIS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05417298538
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VERSE VIDEO EDUCATION INC
ReturnHeader/Filer/BusinessNameControlTxt0VERS
ReturnHeader/Filer/EIN0810902953
ReturnHeader/Filer/PhoneNum05417298538
ReturnHeader/Filer/USAddress/AddressLine1Txt025 FRANCIS AVENUE
ReturnHeader/Filer/USAddress/CityNm0CAMBRIDGE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd002138
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId075A18B2ECB902E264E2ECE1AA9EA4A5588564945
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId02A32FC19C0009D4042351F5C5C10F7FAD35B0659
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0198.0.160.36
ReturnHeader/FilingSecurityInformation/IPDt02019-11-15
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm010:41:12
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0043402406
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WALD & COMPANY PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0300 CONGRESS STREET UNIT 406
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0QUINCY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd002169
ReturnHeader/PreparerPersonGrp/PhoneNum06174390600
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0HOWARD S GORDON
ReturnHeader/ReturnTs02019-11-15T09:41:36-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

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