The Universal Ballet Foundation

Washington, DCUnknown exempt organizationSince 1986EIN 54-1424487

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

96¢ of each $1 spent went to programs.
Run by 5 volunteers and 111 employees.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 3
filings with a surplus
Average deficit $3.6M a year · 43% of revenue · last 3 filings
Concern: a surplus in 1 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$162K
to officers and key staff · 0.7% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
Named funders
1
named funder · $25K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
4
of 5 voting members
Looks good: 4 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$12.6M
+145% vs prior year
Spent
$22.9M
To programs
96%
Net assets
$0
By yearFY2020–FY2022
Revenue
$12.6M
FY2022▲ +145%
Revenue by fiscal year
FY2020$7.1M
FY2021$5.2M
FY2022$12.6M
Expenses
$22.9M
FY2022▲ +244%
Expenses by fiscal year
FY2020$6.1M
FY2021$6.7M
FY2022$22.9M
Net assets
$0
FY2022▼ -100%
Net assets by fiscal year
FY2020$11.7M
FY2021$10.2M
FY2022$0

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2022.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $21.9M Management & general 4% · $917K Fundraising 0% · $24K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

6 people listed on the 990; $162K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$100,217Pt VII · Sec A
Secretary/Treasurer
$61,370Pt VII · Sec A
Director,chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2022FY2021FY2020
Tatiana Moon—$106,813$160,000
Pamela Gonzales De Cordova$100,217$130,877$134,760
Jin Lee$61,370$70,000$72,509

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See The Universal Ballet Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Identifies and trains talented young ballet dancers.

Provided by the organization

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1 program service account for $21.9M of program spending, described in the organization's own filed words · FY2022.
01

Final 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…

$21.9Mprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2022
Total grants receivedfrom 1 funder$25K
Grants paid · 2 grants · $19.9M · 2022–2022
Universal Peace FederationNY · FY2022$19,321,862
Unitemized GrantFY2022$565,097

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$12.6M
Ln 12
Investment incomeLn 3$10.6M
Fees for servicesLn 2g$2.0M
Gifts and grantsLn 1h$42K
Money outPt IX
$22.9M
Ln 25
Programscol B$21.9M
Managementcol C$917K
Fundraisingcol D$24K
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A2
Voting boardVI 1a5
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$42K
Fees for servicesLn 2g$2.0M
Investment incomeLn 3$10.6M
Other incomeLn 4–11$1K
Gains on assetsLn 7$10.6M
Total revenueLn 12$12.6M
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 5111
VolunteersI 65
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$1.1M$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$11.2M$0
Total assetsLn 16$12.4M$0
LiabilitiesLn 26$2.2M$0
Net assetsLn 32$10.2M$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$19.3M$19.3M
Grants to domestic individualsLn 2$565K$565K
Pay of current officers, directors and key staffLn 5$177K$177K
Other salaries and wagesLn 7$1.5M$1.4M$155K$2K
Other employee benefitsLn 9$95K$83K$12K
Payroll taxesLn 10$138K$138K
Legal feesLn 11b$5K$5K
Accounting feesLn 11c$25K$25K
Other fees for servicesLn 11g$193K$23K$170K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$122K$52K$69K$317
Information technologyLn 14$5K$2K$3K
OccupancyLn 16$204K$197K$8K
TravelLn 17$3K$2K$2K
Conferences, conventions and meetingsLn 19$24K$1K$2K$20K
InterestLn 20$79K$5K$73K
Depreciation, depletion and amortizationLn 22$195K$195K
InsuranceLn 23$71K$71K
Other expenses (24a–d)Ln 24$139K$139K$190
All other expensesLn 24e$6K$200$5K$792
Total functional expensesLn 25$22.9M$21.9M$917K$24K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest Viewing $12.6M$22.9M−$10.2M$0 990 PDF
FY2021 $5.2M$6.7M−$1.5M$10.2M 990 PDF
FY2020 $7.1M$6.1M$1.0M$11.7M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (4 parts)
Part VIII · Statement of revenue $12,642,868 across 7 lines filed
VIII-1f All other contributions, gifts and grants$41,883
VIII-1h Total contributions, gifts and grants$41,883
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,967,856$1,967,856
VIII-3 Investment incomeExcluded from tax $617$617
VIII-6 Net rental income or lossRelated to mission $1,280$1,280
VIII-7 Net gain or loss on sales of assetsExcluded from tax $10,631,232$10,631,232
VIII-12 Total revenueRelated to mission $1,969,136 · Unrelated business $0 · Excluded from tax $10,631,849$12,642,868
Part IX · Statement of functional expenses $22,888,906 across 20 lines filed
IX-1 Grants to domestic organizationsPrograms $19,321,863$19,321,863
IX-2 Grants to domestic individualsPrograms $565,097$565,097
IX-5 Pay of current officers, directors and key staffManagement $176,944$176,944
IX-7 Other salaries and wagesPrograms $1,362,076 · Management $154,874 · Fundraising $1,900$1,518,850
IX-9 Other employee benefitsPrograms $82,849 · Management $12,037$94,886
IX-10 Payroll taxesManagement $138,370$138,370
IX-11b Legal feesManagement $4,960$4,960
IX-11c Accounting feesManagement $25,308$25,308
IX-11g Other fees for servicesPrograms $22,985 · Management $169,600$192,585
IX-12 Advertising and promotionManagement $2,225$2,225
IX-13 Office expensesPrograms $52,448 · Management $69,483 · Fundraising $317$122,248
IX-14 Information technologyPrograms $2,185 · Management $2,682$4,867
IX-16 OccupancyPrograms $196,858 · Management $7,551$204,409
IX-17 TravelPrograms $1,661 · Management $1,769$3,430
IX-19 Conferences, conventions and meetingsPrograms $1,363 · Management $1,835 · Fundraising $20,318$23,516
IX-20 InterestPrograms $5,273 · Management $73,482$78,755
IX-22 Depreciation, depletion and amortizationPrograms $194,720$194,720
IX-23 InsuranceManagement $70,753$70,753
IX-24 Other expenses (24a–d)Programs $138,744 · Fundraising $190$138,934
IX-24e All other expensesPrograms $200 · Management $5,194 · Fundraising $792$6,186
IX-25 Total functional expensesPrograms $21,948,322 · Management $917,067 · Fundraising $23,517$22,888,906
Part X · Balance sheet $0 assets, 21 lines filed
X-1 Cash, non-interest-bearingStart of year $291,898$0
X-2 Savings and temporary cash investmentsStart of year $805,701$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $86,359$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $44,369$0
X-10c Land, buildings and equipment, netStart of year $11,190,158$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $2,669$0
X-16 Total assetsStart of year $12,421,154$0
X-17 Accounts payable and accrued expensesStart of year $211,603$0
X-19 Deferred revenueStart of year $468,042$0
X-25 Other liabilitiesStart of year $32,011$0
X-26 Total liabilitiesStart of year $2,175,116$0
X-27 Net assets without donor restrictionsStart of year $10,235,843$0
X-28 Net assets with donor restrictionsStart of year $10,195$0
X-32 Total net assets or fund balancesStart of year $10,246,038$0
X-33 Total liabilities and net assetsStart of year $12,421,154$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$12,642,868
XI-2 Total expenses$22,888,906
XI-3 Revenue less expenses−$10,246,038
XI-4 Net assets at start of year$10,246,038
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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