The Universal Ballet Foundation FY2020 filing

Washington, DCUnknown exempt organizationSince 1986 EIN 54-1424487Revenue $7.1M in FY2020

On file with the IRSkirovacademydc.org4301 Harewood Road Ne · Washington, DC

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

75¢ of each $1 spent went to programs.
$367K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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FY2020 · 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
75%
of spending
Fine: 75% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$367K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
2 mo
of spending, in cash
Fine: 2.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $25K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$970K
8% of total assets
Looks good: liabilities are 8% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 7 voting members
Looks good: 5 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$7.1M
Spent
$6.1M
To programs
75%
Net assets
$11.7M
By yearFY2020–FY2022
Revenue
$7.1M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$7.1M
FY2021$5.2M
FY2022$12.6M
Expenses
$6.1M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$6.1M
FY2021$6.7M
FY2022$22.9M
Net assets
$11.7M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$11.7M
FY2021$10.2M
FY2022$0

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2022) →

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

75 cents of each dollar spent went to programs.

Program services 75% · $4.5M Management & general 25% · $1.5M Fundraising 0% · $20K

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

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Who runs it and what they're paid

8 people listed on the 990; $367K paid to officers and key staff.

Part VII, Section A · reportable compensation
President & Chairperson
$160,000Pt VII · Sec A
Executive Director
$134,760Pt VII · Sec A
Secretary/Treasurer
$72,509Pt VII · Sec A
$0Pt VII · Sec A
$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
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Identifies and trains talented young ballet dancers.

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Provided by the organization

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1 program · $4.5M · in their own filed words · FY2020
01

2020 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.

$4.5Mprogram expense

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 FY2020 990, line by line.

1The main four
Money inPt VIII
$7.1M
Ln 12
Gifts and grantsLn 1h$4.4M
Fees for servicesLn 2g$2.7M
Other incomeLn 4–11$2K
Money outPt IX
$6.1M
Ln 25
Programscol B$4.5M
Managementcol C$1.5M
Fundraisingcol D$20K
Owns and owesPt X
$11.7M
net assets · Ln 32
Cash and savingsLn 1–2$987K
Total assetsLn 16$12.7M
LiabilitiesLn 26$970K
PeoplePt VI, VII
8
listed · VII A
PaidVII A3
Voting boardVI 1a7
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.4M
Government grantsLn 1e$600K
Fees for servicesLn 2g$2.7M
Investment incomeLn 3$785
Other incomeLn 4–11$2K
Total revenueLn 12$7.1M
Assets in detailPt X, end of year
CashLn 1$60K
SavingsLn 2$927K
Cash and savings togetherLn 1–2$987K
Land, buildings, equipmentLn 10c$11.3M
Other assetsLn 15$0
Total assetsLn 16$12.7M
LiabilitiesLn 26$970K
Net assetsLn 32$11.7M
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 FY20End FY20
Cash and savingsLn 1–2$263K$987K
Land, buildings, equipmentLn 10c$11.4M$11.3M
Total assetsLn 16$12.2M$12.7M
LiabilitiesLn 26$1.4M$970K
Net assetsLn 32$10.7M$11.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$743K$743K
Pay of current officers, directors and key staffLn 5$406K$406K
Other salaries and wagesLn 7$2.8M$2.4M$467K
Other employee benefitsLn 9$302K$265K$37K
Payroll taxesLn 10$282K$111K$172K
Accounting feesLn 11c$26K$26K
Other fees for servicesLn 11g$130K$41K$89K
Advertising and promotionLn 12$173K$8K$155K$10K
Office expensesLn 13$92K$103K−$10K
Information technologyLn 14$51K$7K$45K
OccupancyLn 16$256K$256K−$254
TravelLn 17$13K$25K−$12K
Conferences, conventions and meetingsLn 19$16K$3K$9K$4K
InterestLn 20$30K$13K$16K
Depreciation, depletion and amortizationLn 22$273K$273K
InsuranceLn 23$110K$110K
Other expenses (24a–d)Ln 24$285K$279K$6K
All other expensesLn 24e$15K$8K$7K$324
Total functional expensesLn 25$6.1M$4.5M$1.5M$20K

Filing history

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

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants J · Pay O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $7,069,621 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $11,912,635$4,350,473
I-9 Program service revenuePrior year $2,923,820$2,716,488
I-10 Investment incomePrior year $14,135$785
I-11 Other revenuePrior year $2,290$1,875
I-12 Total revenuePrior year $14,852,880$7,069,621
I-13 Grants and similar amounts paidPrior year $655,600$742,983
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $3,284,733$3,838,910
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,104,093$1,468,766
I-18 Total expensesPrior year $6,044,426$6,050,659
I-19 Revenue less expensesPrior year $8,808,454$1,018,962
Part VI · Governance 5 of 7 board members independent, no flags
VI-1a Voting members of the governing body7
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $7,069,621 across 7 lines filed
VIII-1e Government grants$599,700
VIII-1f All other contributions, gifts and grants$3,750,773
VIII-1h Total contributions, gifts and grants$4,350,473
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,716,488$2,716,488
VIII-3 Investment incomeExcluded from tax $785$785
VIII-6 Net rental income or lossRelated to mission $1,875$1,875
VIII-12 Total revenueRelated to mission $2,718,363 · Unrelated business $0 · Excluded from tax $785$7,069,621
Part IX · Statement of functional expenses $6,050,659 across 18 lines filed
IX-2 Grants to domestic individualsPrograms $742,983$742,983
IX-5 Pay of current officers, directors and key staffManagement $405,630$405,630
IX-7 Other salaries and wagesPrograms $2,381,603 · Management $466,790$2,848,393
IX-9 Other employee benefitsPrograms $265,343 · Management $37,105$302,448
IX-10 Payroll taxesPrograms $110,806 · Management $171,633$282,439
IX-11c Accounting feesManagement $25,649$25,649
IX-11g Other fees for servicesPrograms $41,325 · Management $88,507$129,832
IX-12 Advertising and promotionPrograms $7,694 · Management $155,419 · Fundraising $10,000$173,113
IX-13 Office expensesPrograms $102,635 · Management −$10,415$92,220
IX-14 Information technologyPrograms $6,537 · Management $44,924$51,461
IX-16 OccupancyPrograms $256,316 · Management −$254$256,062
IX-17 TravelPrograms $24,683 · Management −$12,167$12,516
IX-19 Conferences, conventions and meetingsPrograms $3,413 · Management $9,071 · Fundraising $3,650$16,134
IX-20 InterestPrograms $13,143 · Management $16,364$29,507
IX-22 Depreciation, depletion and amortizationPrograms $272,927$272,927
IX-23 InsuranceManagement $110,098$110,098
IX-24 Other expenses (24a–d)Programs $278,709 · Fundraising $5,979$284,688
IX-24e All other expensesPrograms $7,684 · Management $6,551 · Fundraising $324$14,559
IX-25 Total functional expensesPrograms $4,515,801 · Management $1,514,905 · Fundraising $19,953$6,050,659
Part X · Balance sheet $12,718,300 assets, 15 lines filed
Asset lines not itemized here account for $184,489; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $193,839$60,086
X-2 Savings and temporary cash investmentsStart of year $69,466$926,953
X-4 Accounts receivableStart of year $381,268$161,850
X-9 Prepaid expenses and deferred chargesStart of year $97,423$52,220
X-10c Land, buildings and equipment, netStart of year $11,405,747$11,332,702
X-15 Other assetsStart of year $15,338$0
X-16 Total assetsStart of year $12,163,081$12,718,300
X-17 Accounts payable and accrued expensesStart of year $166,884$121,939
X-19 Deferred revenueStart of year $671,038$579,272
X-25 Other liabilitiesStart of year $125,506$127,093
X-26 Total liabilitiesStart of year $1,434,231$970,488
X-27 Net assets without donor restrictionsStart of year $10,728,850$11,720,812
X-28 Net assets with donor restrictions$27,000
X-32 Total net assets or fund balancesStart of year $10,728,850$11,747,812
X-33 Total liabilities and net assetsStart of year $12,163,081$12,718,300
Part XI · Reconciliation of net assets $11,747,812 net assets at year end
XI-1 Total revenue$7,069,621
XI-2 Total expenses$6,050,659
XI-3 Revenue less expenses$1,018,962
XI-4 Net assets at start of year$10,728,850
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$11,747,812

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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