Verse Video Education Inc
- Assets
- $2.1m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 12
- Location
- Brookline, MA
- Founding
- 05/2016
- Data as of
- 12/2023
- EIN
- 81-0902953
Organization Overview
Verse Video Education Inc is located in Brookline, MA. The organization was established in 2016. According to its NTEE Classification (A70) the organization is classified as: Humanities, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Verse Video Education Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Verse Video Education Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Verse Video Education Inc generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.1% each year . All expenses for the organization totaled $1.2m during the year ending 12/2023. While expenses have increased by 4.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
TEACHER PROFESSIONAL DEVELOPMENT ONLINE COURSES:-DEVELOPED BRAND NEW VIDEO-BASED CURRICULUM COMBINING POETRY EDUCATION AND PEDAGOGY FOR A GLOBAL AUDIENCE OF EDUCATORS.
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
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elisa New President And CEO | OfficerTrustee | 27 | $0 |
Robert Pinsky Director | Trustee | 1 | $0 |
Gregory Haile Chair | OfficerTrustee | 2 | $0 |
Mary Sauer Treasurer | OfficerTrustee | 1.2 | $0 |
Larry Berger Clerk | OfficerTrustee | 1 | $0 |
Leah Reis-Dennis Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,395,216 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,395,216 |
| Total Program Service Revenue | $3,910 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,399,126 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $480,774 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $58,557 |
| Fees for services: Accounting | $71,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $35,009 |
| Advertising and promotion | $29,829 |
| Office expenses | $31,691 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $52,800 |
| Travel | $5,782 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,636 |
| Insurance | $18,212 |
| All other expenses | $15,463 |
| Total functional expenses | $1,213,103 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,060,487 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $50,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $10,182 |
| Net Land, buildings, and equipment | $23,645 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,144,314 |
| Accounts payable and accrued expenses | $127,455 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $127,455 |
| Net assets without donor restrictions | $1,433,911 |
| Net assets with donor restrictions | $582,948 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,144,314 |