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Nonprofiteer
← VERSE VIDEO EDUCATION INC

Form 990 for tax year 2022

Filed by VERSE VIDEO EDUCATION INC.

What the amendment changed

Compared with the return it replaced , filed 15 February 2024. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$716,403 changed to $590,115
Total expenses
$1,101,502 changed to $1,235,580
Contributions and grants received
$709,149 changed to $582,861
Total assets, end of year
$2,174,014 changed to $1,913,648
Net assets or fund balances, end of year
$2,091,202 changed to $1,830,836
Program services expenses
$889,514 changed to $1,023,592
Program service expenses (Part III)
$889,514 changed to $1,023,592

Totals

Total revenue
$590,115
Total expenses
$1,235,580
Contributions and grants received
$582,861
Grants paid
$0
Program service revenue
$7,254
Investment income
$0
Other revenue
$0
Total assets, end of year
$1,913,648
Total liabilities, end of year
$82,812
Net assets or fund balances, end of year
$1,830,836
Program services expenses (Part IX)
$1,023,592
Management and general expenses
$165,914
Fundraising expenses
$46,074
Program service expenses (Part III)
$1,023,592

Program services were 82.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $582,861

  • 2a · Program service revenue: ROYALTIES

    total $7,254 · related or exempt $7,254

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $430,505 · program services $336,572 · management and general $58,680 · fundraising $35,253

  • 11b · Fees: legal

    total $19,268 · management and general $19,268

  • 11c · Fees: accounting

    total $55,277 · management and general $55,277

  • 11g · Fees: other

    total $33,241 · program services $22,259 · management and general $10,982

  • 12 · Advertising and promotion

    total $47,510 · program services $47,185 · fundraising $325

  • 13 · Office expenses

    total $26,575 · program services $12,788 · management and general $6,593 · fundraising $7,194

  • 16 · Occupancy

    total $52,800 · program services $52,800

  • 17 · Travel

    total $11,157 · program services $11,157

  • 22 · Depreciation, depletion and amortization

    total $16,071 · program services $11,547 · management and general $3,202 · fundraising $1,322

  • 23 · Insurance

    total $9,824 · program services $6,933 · management and general $1,936 · fundraising $955

  • 24a · Other expenses: PRODUCTION - OTHER

    total $252,215 · program services $248,958 · management and general $2,232 · fundraising $1,025

  • 24b · Other expenses: IMPAIRMENT LOSS

    total $134,078 · program services $134,078

  • 24c · Other expenses: ANIMATION/GRAPHICS

    total $56,018 · program services $56,018

  • 24d · Other expenses: BROADCAST/PRESENTING FE

    total $33,416 · program services $33,416

  • 24e · All other expenses

    total $57,625 · program services $49,881 · management and general $7,744

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,676,903 · end of year $1,456,351

  • 3 · Pledges and grants receivable

    end of year $400,000

  • 4 · Accounts receivable

    beginning of year $671,288

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,625 · end of year $18,016

  • 10a · Land, buildings and equipment: cost or other basis

    $109,791

  • 10b · Land, buildings and equipment: accumulated depreciation

    $70,510

  • 10c · Land, buildings and equipment, net

    beginning of year $48,693 · end of year $39,281

  • 15 · Other assets

    beginning of year $134,078 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $61,286 · end of year $82,812

  • 27 · Net assets without donor restrictions

    beginning of year $1,882,276 · end of year $1,247,888

  • 28 · Net assets with donor restrictions

    beginning of year $594,025 · end of year $582,948

Mission and programs · 2022

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.

  • TV SERIES:-SIGNED CONTRACT WITH WGBH BOSTON FOR POETRY IN AMERICA, A 13-EPISODE PUBLIC TELEVISION SERIES HOSTED BY PROF. ELISA NEW AND GEARED TOWARD NATIONAL DISTRIBUTION.-BEGAN PRODUCTION FOR TV SERIES.-SECURED FULL FUNDING FOR SERIES PRODUCTION.

    Expenses $870,939

  • TEACHER PROFESSIONAL DEVELOPMENT ONLINE COURSES:-DEVELOPED BRAND NEW VIDEO-BASED CURRICULUM COMBINING POETRY EDUCATION AND PEDAGOGY FOR A GLOBAL AUDIENCE OF EDUCATORS.

    Expenses $100,582

  • SHORT-FORM EDUCATIONAL MEDIA PROJECTS FOR THIRD-PARTY ORGANIZATIONS AND INSTITUTIONS:-COMPLETED VIDEO PRODUCTION FOR COLLABORATION BETWEEN GREENWICH COUNTRY DAY SCHOOL, SUCCESS ACADEMY, AND POETRY IN AMERICA, CULMINATING IN A 9 VIDEO POETRY PEDAGOGY SERIES-PRODUCED VIDEO FOR AN UPDATE OF THE HARVARD GRADUATE SCHOOL OF EDUCATION PROJECT ZERO INITIATIVE

    Expenses $52,071

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Elisa New

    PRESIDENT AND TREASURER

    Total calculated
    $0
    Hours/week
    25

  • Deborah Hayes Stone

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Matina Koronis Koester

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Steele

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Robert Pinsky

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
28 May 2024
IRS schema version
2022v5.0
Source object
202421499349301092

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