American Dance Festival Inc

Organization Overview

American Dance Festival Inc is located in Durham, NC. The organization was established in 1976. According to its NTEE Classification (A62) the organization is classified as: Dance, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2021, American Dance Festival Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Dance Festival 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 09/2021, American Dance Festival Inc generated $2.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $1.8m during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (11.1%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO ENCOURAGE AND SUPPORT THE CREATION OF NEW MODERN DANCE WORK.

Describe the Organization's Program Activity:

TO ENCOURAGE AND SUPPORT THE CREATION OF NEW MODERN DANCE WORK BY BOTH ESTABLISHED AND EMERGING CHOREOGRAPHERS; TO PRESERVE OUR MODERN DANCE HERITAGE THROUGH CONTINUED PRESENTATION OF CLASSIC WORKS, AS WELL AS THROUGH ARCHIVAL EFFORTS; AND TO BUILD WIDER NATIONAL AND INTERNATIONAL AUDIENCES FOR MODERN DANCE. PERFORMANCES WERE HELD OUTSIDE THROUGHOUT THE SUMMER AND FALL, BUT ON A MUCH SMALLER SCALE THAN NON-PANDEMIC YEARS. THERE WERE ALSO A FEW VIRTUAL PROGRAMS.


TO PROVIDE A SOUND SCIENTIFIC AND AESTHETIC BASE FOR PROFESSIONAL EDUCATION AND TRAINING OF DANCERS AND A FORUM FOR INTEGRATING AND DISSEMINATING INFORMATION OF DANCE EDUCATION. BECAUSE OF THE PANDEMIC, ADF WAS ONLY ABLE TO HOLD A LIMITED NUMBER OF VIRTUAL INTENSIVES AND CLASSES.


TO ENHANCE PUBLIC UNDERSTANDING AND APPRECIATION OF THE ART FORM AND ITS CULTURAL AND HISTORICAL SIGNIFICANCE. BECAUSE OF THE PANDEMIC, ADF HAD TO CLOSE THEIR OFFICE AND STUDIO. LIMITED VIRTUAL CLASSES AND PROGRAMS WERE HELD.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $839,497
All other contributions, gifts, grants, and similar amounts not included above$1,057,231
Noncash contributions included in lines 1a–1f $20,290
Total Revenue from Contributions, Gifts, Grants & Similar$1,896,728
Total Program Service Revenue$209,000
Investment income $167,752
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $412,401
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $13,918
Miscellaneous Revenue$0
Total Revenue $2,712,778

Grants Recieved

Over the last fiscal year, we have identified 1 grants that American Dance Festival Inc has recieved totaling $8,500.

Awarding OrganizationAmount
Charles And Joan Gross Family Foundation

New York, NY

PURPOSE: GENERAL OPERATING PURPOSES

$8,500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$9,623,849
Earnings$2,280,368
Net Contributions$523,815
Other Expense$385,161
Ending Balance$12,042,871

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