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Nonprofiteer
← The Universal Ballet Foundation

Form 990 for tax year 2022

Filed by The Universal Ballet Foundation.

Totals

Total revenue
$12,642,868
Total expenses
$22,888,906
Contributions and grants received
$41,883
Grants paid
$19,886,960
Program service revenue
$1,967,856
Investment income
$10,631,849
Other revenue
$1,280
Total assets, end of year
$0
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$21,948,322
Management and general expenses
$917,067
Fundraising expenses
$23,517
Program service expenses (Part III)
$21,948,322

Program services were 95.9% 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

    $41,883

  • 2a · Program service revenue: Tuition Income

    total $1,864,924 · related or exempt $1,864,924

  • 2b · Program service revenue: Fee Income

    total $56,280 · related or exempt $56,280

  • 2c · Program service revenue: Sales & Performance Inc.

    total $46,652 · related or exempt $46,652

  • 3 · Investment income

    total $617 · excluded $617

  • 6a · Gross rents

    real property $1,280

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $1,280

  • 6d · Net rental income or loss

    total $1,280 · related or exempt $1,280

  • 7a · Gross sales of assets other than inventory

    other assets $22,560,085

  • 7b · Less cost or other basis and sales expenses

    other assets $11,928,853

  • 7c · Gain or loss

    other assets $10,631,232

  • 7d · Net gain or loss

    total $10,631,232 · excluded $10,631,232

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $19,321,863 · program services $19,321,863

  • 2 · Grants to domestic individuals

    total $565,097 · program services $565,097

  • 5 · Compensation of officers, directors and key employees

    total $176,944 · management and general $176,944

  • 7 · Other salaries and wages

    total $1,518,850 · program services $1,362,076 · management and general $154,874 · fundraising $1,900

  • 9 · Other employee benefits

    total $94,886 · program services $82,849 · management and general $12,037

  • 10 · Payroll taxes

    total $138,370 · management and general $138,370

  • 11b · Fees: legal

    total $4,960 · management and general $4,960

  • 11c · Fees: accounting

    total $25,308 · management and general $25,308

  • 11g · Fees: other

    total $192,585 · program services $22,985 · management and general $169,600

  • 12 · Advertising and promotion

    total $2,225 · management and general $2,225

  • 13 · Office expenses

    total $122,248 · program services $52,448 · management and general $69,483 · fundraising $317

  • 14 · Information technology

    total $4,867 · program services $2,185 · management and general $2,682

  • 16 · Occupancy

    total $204,409 · program services $196,858 · management and general $7,551

  • 17 · Travel

    total $3,430 · program services $1,661 · management and general $1,769

  • 19 · Conferences, conventions and meetings

    total $23,516 · program services $1,363 · management and general $1,835 · fundraising $20,318

  • 20 · Interest

    total $78,755 · program services $5,273 · management and general $73,482

  • 22 · Depreciation, depletion and amortization

    total $194,720 · program services $194,720

  • 23 · Insurance

    total $70,753 · management and general $70,753

  • 24a · Other expenses: Kitchen/Cafeteria

    total $71,405 · program services $71,405

  • 24b · Other expenses: Other Student Expenses

    total $66,420 · program services $66,420

  • 24c · Other expenses: Recreation & Wellness

    total $919 · program services $919

  • 24d · Other expenses

    total $190 · fundraising $190

  • 24e · All other expenses

    total $6,186 · program services $200 · management and general $5,194 · fundraising $792

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $291,898 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $805,701 · end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $86,359 · end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $44,369 · end of year $0

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $11,190,158 · end of year $0

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $2,669 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $211,603 · end of year $0

  • 19 · Deferred revenue

    beginning of year $468,042 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $1,463,460 · end of year $0

  • 25 · Other liabilities

    beginning of year $32,011 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $10,235,843 · end of year $0

  • 28 · Net assets with donor restrictions

    beginning of year $10,195 · end of year $0

Mission and programs · 2022

Mission

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

Activities or mission (Part I)

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

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $21,948,322 · Grants $19,886,959 · Revenue $1,969,136

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Dr Thomas Walsh

    Director,Chairman

    Total calculated
    $0
    Hours/week
    5

  • Pamela Gonzales de Cordova

    Executive Director

    Total calculated
    $108,724
    From this org
    $100,217
    From related orgs
    $0
    Other
    $8,507
    Hours/week
    40

  • Yong Cheol Song

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Thomas Selover

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Gerard Willis

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Jin Lee

    Secretary/Treasurer

    Total calculated
    $68,220
    From this org
    $61,370
    From related orgs
    $0
    Other
    $6,850
    Hours/week
    40

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

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

Provenance

Return type
form_990
Tax year
2022
Filed
2 March 2023
IRS schema version
2022v4.1
Source object
202330619349301413

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