Verdigris Ensemble INC EIN 82-0698763 Form 990 (PDF) Claim this org

Verdigris Ensemble INC FY2021 filing

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Commissions new music, educates vocalists, and innovates vocal performance through diverse genres and technology. For fiscal year 2021 it reported $374K in revenue, $223K in expenses, and $220K in net assets.Pt I

Type
Public charity (501(c)(3)) · Arts & Culture
Location
Dallas, TX
Website
www.verdigrismusic.org
Filings
5 on file (2020–2021)
Revenue
$374KFY2021
Expenses
$223K
Net assets
$220K
People
12
Filings
5
Updates
0
More identity details & actions ⌄
EIN  82-0698763 Public charity (501(c)(3)) Dallas, TX
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Commissions new music, educates vocalists, and innovates vocal performance through diverse genres and technology.
Leadership
Micaela Botarri · Board Member and Former Business Development Manager · $15K
Money in and out
$374K revenue, $223K expenses
Bottom line
70% program efficiency
Where the money goes · FY2021
Total revenue
$374K
Pt VIII · Ln 12
Total expenses
$223K
Pt IX · Ln 25
Net assets
$220K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $151K
Where spending went · Part IX cols B–D
Program services $0.70 Management & general $0.30
Program efficiency
70%
of spending reaches programs
Operating runway
6.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
+40%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$374K
FY2021▲ +201%
Expenses
$223K
FY2021
Total assets
$220K
FY2021
Total liabilities
$0
FY2021
Total revenue
$374K
Pt VIII · Ln 12
Total expenses
$223K
Pt IX · Ln 25
Net assets
$220K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$151K
Total assetsPt X · Ln 16$220K
Program-expense ratioPt IX · col B70%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 47

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CVerdigris Ensemble INC
EINHdr · item D82-0698763
Principal addressHdr · item CDallas, TX
WebsiteHdr · item Jwww.verdigrismusic.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A6B)
Ruling yearIRS BMFMar 2017

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Board Member and Former Business Development Manager
$15,382Pt VII · Sec A
Board Member and Artistic Director
$13,000Pt VII · Sec A
Board Member and Former Community Relations Manager
$6,814Pt VII · Sec A
Board Secratary
$5,555Pt VII · Sec A
Board President
$0Pt VII · Sec A
Board Vice President
$0Pt VII · Sec A
Board Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Sam Brukhman’s $55K as Founding Artistic Director is at the 50th percentile of top reported officer pay among 2213 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2023FY2021FY2020
Sam Brukhman$55,000$3,994$13,000
Scott Branks Del Llano$23,955
Jacki Miller$21,907$7,636$5,555
Kyle Igneczi$15,858
Micaela Botarri$15,382
Samuel Brukhman$13,200
Samuel Melnick$6,919
Richard Oliver$6,814

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.

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Mission & Programs · Part III

Where the work happens

3 program services account for $121K of program spending, described in the organization's own filed words · FY2021.
01

Verdigris Ensemble Inc published a programmable NFT that allows the public to listen to our recording of Betty's Notebook by Nicholas Reeves on demand. The music and artwork can change too.

$89Kprogram expense
02

Verdigris Ensemble Inc recorded music about Dia de Muertos.

$17Kprogram expense
03

Verdigris Ensemble Inc provided private voice lessons and masterclasses to underserved middle school and high school students at no cost to the schools and students.

$14Kprogram expense

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Statement of Revenue

Part VIII
Investment income$190K · 51%
Contributions & grants$168K · 45%
Program service revenue$16K · 4%
Investment income51%$190K
Contributions & grants45%$168K
Program service revenue4%$16K
— government grantsLn 1e$20K
Total revenueLn 12$374K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.70 Management & general $0.30
Program services70%$156K
Management & general30%$67K
Total functional expensesLn 25$223K

Balance Sheet

Part X · end of year
CashLn 1$112K
Total assetsLn 16$220K
Total liabilitiesLn 26$0
Total net assetsLn 32$220K
Months of cash on handcomputed6.0

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $112K · Operating expenses/yr $223K
6.0 months
Where the money goes
Program services
Program services $156K · Total expenses $223K
70%
Management & General
Management & general $67K · Total expenses $223K
30%
Fundraising
Fundraising $0 · Total expenses $223K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $148K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $168K · Total revenue $374K
45%
Government reliance
Government grants $20K · Total revenue $374K
5%
Earned-income share
Program service revenue $16K · Total revenue $374K
4%
Investment reliance
Investment income $190K · Total revenue $374K
+51%
Program self-sufficiency
Program service revenue $16K · Total expenses $223K
7%
Growth & trend
Revenue growth (YoY)
This year $374K · Prior year $124K
+201%
Net-asset trend (YoY)
End of year $220K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $374K · Expenses $223K
+40%
Liabilities-to-Assets
Total liabilities — · Total assets $220K
Net-asset ratio
Net assets $220K · Total assets $220K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $220K
0%
People & payroll
Highest Reported Total Compensation
Individual Sam Brukhman · Reported title Board Member and Artistic Director · Highest reported compensation $13K · Total expenses $223K
6%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $223K
0%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 70%
Overhead ratio 30%
Fundraising cost ratio 0%
Revenue growth 201%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 5 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$491K revenue · ⤓ 990 PDF
FY2024not on file
FY2023$331K revenue · ⤓ 990 PDF
FY2022$74K revenue · ⤓ 990 PDF
FY2021$374K revenue · viewing · ⤓ 990 PDF
FY2020$124K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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