2023-03-02T14:57:13-06:00 2022-12-31 223575846 Brunhofer & Balise LLP 287 N Farview Avenue Paramus NJ 07652 990 2022-01-01 541424487 The Universal Ballet Foundation UNIV 2028321087 220 White Plains Road Tarrytown NY 10591 Jin Lee Treasurer 2028321087 2023-03-02 Jin Lee 999009999 0 David BaliseCPA P00350308 2015999899 2023-02-28 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X Kirov Academny of Ballet of Washington DC Jin Lee 4301 Harewood Rd NE Washington DC 20017 24571721 0 X www.kirovacademydc.org X 1986 DC To find, train and educate students who show excellence in their artistic potential for ballet. X 5 4 85 0 0 0 581221 41883 4545911 1967856 24386 10631849 8750 1280 5160268 12642868 1202071 19886960 0 0 3800027 1929050 0 0 23517 1659944 1072896 6662042 22888906 -1501774 -10246038 12421154 0 2175116 0 10246038 0 X To find, train, and educate students who show excellence in their artistic potential for ballet. 0 0 21948322 19886959 1969136 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 decision to implement an orderly wind-down of the Academy, the school year's top priority was guiding students to find their next college, another school, or a professional career. To support this goal, the Universal Ballet Foundation Board allowed scholarships for ballet students to participate in various auditions and competitions. All ballet and Academic Only ("AO") students regularly communicated with their assigned staff or faculty members throughout the school year. Except for 2 students who decided to go back to their home countries, we successfuly transferred all ballet students to new schools or ballet companies including The Washington Ballet. We also placed over 70% of "academic only" students to their next schools before the end of school year; which is relatively an early placement for academic schools since the usual transferring process happens during summer.Ballet Department:Ballet students participated in several regional "young artist" competitions and won 1st, 2nd, and 3rd places in both classical and contemporary categories. Many of them were invited to the semi-final and final rounds and the group performances won 1st and 3rd places. At New York City YAGP competition, the Kirov faculty received Outstanding Faculty Award as well. Three ballet students went to the Helsinki International Ballet Competition, the most prestigious competitions in the ballet world. At the Spring Gala (May 26-28, 2022), the students successfully performed various classical and contemporary works.Music Department:The music program offered diverse performing opportunities such as a beneficiary concert with DC String Orchestra. The Academy conducted top-notch masterclasses with Antonio Pompa-Baldi, the winner of Van Cliburn International Piano Competition, and supported students entering the music colleges.Academic Department:Integrating Edgenuity into the Academic Program diversed the choice of classes students could choose from, and accommodated the unique situation of the Academy when all ballet students had to finish their Academic courses early for the end of semester performances whereas Academic Only students had to continue classes. With the implementation of two counselors, one for life skills and one for career development, students received balanced and tailored guidances on their professional and psychological growth.The Residence Life Department: The resident life department took care of resident students 24/7. Our kitchen staff created the menu to make sure that all our students received the food that they needed, and when students were sick we prepared special food and brought it to their rooms. We provided daily activities such as arts and crafts, table games, cooking classes, and hosted several parties for Valentine's Day.Wellness Department:With an on-campus nurse and physical therapist, students had access to healthcare more hours of the day. To be in compliance with the guidelines from the DC Health Department regarding COVID-19, the Academy conducted weekly COVID-19 testing and fully executed quarantine protocols when we had positive cases. The wellness department continued to use Magnus as our electronic health system that safely and effectively documented student conditions. We also maintained our relationship with Dr. Kessous from Montgomery Sports Medicine Center as our orthopedic consultant. Closing of Universal Ballet FoundationAfter the close of the Kirov Academy in May, the Board of Directors sold the property on Harewood Road, and in December of 2022 dissolved the Universal Ballet Foundation. The remaining assets of UBF, by resolution of the Board of Directors of UBF, were transferred to the Universal Peace Federation, a Washington D.C. registered 501(c)(3) educational organization which will continue Universal Ballet Foundation's mission to promote education and the arts. 21948322 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 25 0 85 1 0 0 0 0 0 0 0 0 0 0 X 5 4 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X Jin Lee 2028321087 4301 Harewood Road NE Washington DC 200171558 Dr Thomas Walsh Director,Chairman 5.00 X 0 0 0 Pamela Gonzales de Cordova Executive Director 40.00 X X 100217 0 8507 Yong Cheol Song Director 0.50 X 0 0 0 Thomas Selover Director 0.50 X 0 0 0 Gerard Willis Director 0.50 X 0 0 0 Jin Lee Secretary/Treasurer 40.00 X 61370 0 6850 161587 0 15357 1 0 0 0 0 41883 41883 Tuition Income 611710 1864924 1864924 Fee Income 611710 56280 56280 Sales & Performance Inc. 611710 46652 46652 1967856 617 617 1280 0 1280 1280 1280 22560085 11928853 10631232 10631232 10631232 12642868 1969136 0 10631849 19321863 19321863 565097 565097 176944 176944 1518850 1362076 154874 1900 94886 82849 12037 138370 138370 4960 4960 25308 25308 192585 22985 169600 2225 2225 122248 52448 69483 317 4867 2185 2682 204409 196858 7551 3430 1661 1769 23516 1363 1835 20318 78755 5273 73482 194720 194720 70753 70753 Kitchen/Cafeteria 71405 71405 Other Student Expenses 66420 66420 Recreation & Wellness 919 919 190 190 6186 200 5194 792 22888906 21948322 917067 23517 291898 0 805701 0 0 86359 0 0 0 0 0 44369 0 0 0 11190158 0 0 0 0 0 2669 0 12421154 0 211603 0 468042 0 1463460 0 32011 0 2175116 0 X 10235843 0 10195 0 10246038 0 12421154 0 -10246038 0 X 0 0 0 X 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 Schedule E, Part I, Line 3 The school has publicized its racially nondiscriminatory policy on the school's general bulletin board and in its company policy. 1 Universal Peace Federation 220 White Plains Road Tarrytown NY 10591 522199888 501(c)(3) 19321862 0 general support 1 Scholarships 69 565097 book value of discounts given on tuitions Tuition discounts Part I, Line 2: In connection with the Academy's winddown, the Academy granted its net assets to Universal Peace Federation, a 501(c)(3) tax-exempt organization that sponsors a wide range of educational programs on an international level, including conferences, seminars, and public events that are dedicated to promoting the arts, while also underscoring the essential value of the arts and artists in the effort to build a better world for all people. Part III a-scholarships Ballet students who wish to be admitted to the School ae required to audition with the School's artistic faculty, whose assessment of each student's talent is reviewed by the artistic director. Scholarships are then proposed on the basis of artistic talent demonstrated, and reviewed by the School's Executive Committee to determine whether budgeted funds are available. cash 2022-10-21 19307387 cash value 522199888 Universal Peace Federation 220 White Plains Road Tarrytown NY 10591 501(c)(3) cash 2022-12-22 14475 cash value 522199888 Universal Peace Federation 220 White Plains Road Tarrytown NY 10591 501(c)(3) 1 1 0 0 1 1 1 1 0 Part I, Line 2e: Person(s) Involved: Dr. Thomas Walsh Part I, Line 2e: Explanation of Involvement: Dr. Walsh is the chairman of both Universal Peace Federation and Universal Ballet Foundation (the "Academy"). Consistent with the Academy's conflict of interest policy, Dr. Walsh recused himself from the discussion and vote regarding which organization would receive the net assets of the Academy in connection with its dissolution. The Academy's Board of Directors (without Dr. Walsh) determined that it was in the best interest of the Academy to provide the Academy's net assets to Universal Peace Federation, in light of the history of collaboration between the two organizations and due to Universal Peace Federation's existing educational programs that are dedicated to promoting the arts, while also underscoring the essential value of the arts and artists in the effort to build a better world for all people. Form 990, Part VI, Section B, line 11b Form 990 is reviewed in detail by the controller, and then sent to all Board members for their review before it is filed. Form 990, Part VI, Section B, line 12c The conflict of interest policy is included in an annual letter to directors, officers, and key employees, requiring a written response as to the nature of any potential conflict of interest. Responses are reviewed by the Corporate Secretary, who refers any conflict situations to the Board of Directors for their action. Form 990, Part VI, Section B, line 15 The Executive Director's compensation is reviewed and approved by the Chairperson of the Board of Directors, supported with comparability data obtained from the National Business Officers Association. The compensation thus determined is fully specified in an employment contract. The Comptroller/Treasurer's compensation is reviewed, approved and documented by the Executive Director during the School's annual budgetary review with reference to comparability data from the National Business Officers Association and/or other sources. Form 990, Part VI, Section C, line 19 The governing documents, conflict of interest policy, and financial statements are not made available to the public.