Dancewave Inc
- Assets
- $2.2m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 94
- Location
- Brooklyn, NY
- Founding
- 07/1988
- Data as of
- 06/2023
- EIN
- 11-2726558
Organization Overview
Dancewave Inc is located in Brooklyn, NY. The organization was established in 1988. 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 06/2023, Dancewave Inc employed 94 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dancewave 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 06/2023, Dancewave Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $1.2m during the year ending 06/2023. While expenses have increased by 4.3% per year over the past 8 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
DANCEWAVE, INC. IS A NONPROFIT ARTS ORGANIZATION THAT TRANSFORMS THE LIVES OF NEW YORK CITY YOUTH THROUGH UNIQUE EXPOSURE TO WORLD-CLASS, PRE-PROFESSIONAL PERFORMING ARTS TRAINING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DANCEWAVE PROVIDES ACCESS TO SUPPORTIVE AND EMPOWERING DANCE EXPERIENCES THAT CENTER SOCIAL, EMOTIONAL AND COGNITIVE GROWTH THROUGH MOVEMENT. DEVELOPING PROGRAMS TO MEET COMMUNITY NEEDS, WE USE DANCE AS A VEHICLE FOR TRANSFORMATION, EXPRESSION, ACTIVE CITIZENSHIP AND SELF REFLECTION. DANCEWAVE FOSTERS A CULTURE WHERE DANCE IS CELEBRATED AS A HEALING AND INCLUSIVE ART FORM.SOME NOTABLE CELEBRATIONS FROM THE PAST YEAR ARE AS FOLLOWS:OUR COMMUNITY OUTREACH PROGRAM GREW BY 37%, ENGAGING 4500 NEW YORKERS AT 85 NYC SCHOOLS AND COMMUNITY PARTNERS THROUGHOUT ALL FIVE BOROUGHS. THE DANCEWAVE COMPANY CURRICULUM FEATURES A WEEKLY INTERGENERATIONAL COMMUNITY WORKSHOP, WHERE DANCERS WORK CLOSELY WITH A PROFESSIONAL ARTIST TO DEVELOP A YOUTH-LED CHOREOGRAPHIC PROCESS; HONING SKILLS RELATED TO COLLABORATION, SELF EXPRESSION, AND SOCIALLY ENGAGED DANCE MAKING. YOUTH DANCERS PERFORMED TWO ORIGINAL WORKS CREATED DURING THIS PROCESS IN 2023. WE HAVE PRIORITIZED FLEXIBLE AND TUITION FREE ACCESS FOR ALL YOUTH PROGRAMMING AT THE DANCEWAVE CENTER. THANKS TO THE GENEROUS SUPPORT OF OUR COMMUNITY, WE WERE ABLE TO OFFER $59,000 IN TUITION ASSISTANCE AND ENSURE THAT STUDENTS WERE NOT DENIED ACCESS TO QUALITY DANCE EXPERIENCES DUE TO FINANCIAL BARRIERS.OUR CLASS SHARE PROGRAM SUPPORTED 30% MORE LOCAL ARTIST EDUCATORS WITH OVER 260 HOURS OF STUDIO SPACE FOR THEIR CLASSES. THROUGH THIS PROGRAM DANCEWAVE PROVIDES ARTISTS ACCESS TO THE CAPITAL AND HUMAN RESOURCES NECESSARY TO DEVELOP AND SUSTAIN THEIR PEDAGOGICAL PRACTICES AS RELIABLE EMPLOYMENT OPPORTUNITIES.OUR ANNUAL DANCEWAVE THROUGH COLLEGE & BEYOND PROGRAM WAS A SUCCESS, PROVIDING OVER 300 HIGH SCHOOL STUDENTS AND FAMILIES WITH ESSENTIAL COLLEGE AND CAREER DEVELOPMENT SUPPORT. THIS PROGRAM FACILITATES SUCCESSFUL TRANSITIONS TO HIGHER EDUCATION AND CAREERS IN THE ARTS THROUGH NETWORKING EVENTS, WORKSHOPS AND PANEL DISCUSSIONS, COLLEGE FAIRS AND COLLEGE AUDITIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicole Touzien Executive Director | 40 | $95,362 | |
Tiffany Crowley Secretary | OfficerTrustee | 1 | $0 |
Vanessa Williams Board Vice Chai | OfficerTrustee | 1 | $0 |
Alan Wen Treasurer | OfficerTrustee | 1 | $0 |
Kinjal Parekh Board Member | Trustee | 1 | $0 |
Nicole Best Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $292,030 |
| All other contributions, gifts, grants, and similar amounts not included above | $121,116 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $413,146 |
| Total Program Service Revenue | $728,005 |
| Investment income | $3,821 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $39,909 |
| 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 | $1,192,736 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $59,347 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $104,800 |
| Compensation of current officers, directors, key employees. | $20,960 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $728,874 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,325 |
| Payroll taxes | $66,618 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $27,301 |
| Advertising and promotion | $3,813 |
| Office expenses | $13,179 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $100,249 |
| Travel | $1,041 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,717 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,099 |
| Insurance | $2,868 |
| All other expenses | $9,263 |
| Total functional expenses | $1,212,199 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $727,237 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $112,955 |
| Accounts receivable, net | $116,760 |
| 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 | $15,216 |
| Net Land, buildings, and equipment | $12,101 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,183,750 |
| Total assets | $2,168,019 |
| Accounts payable and accrued expenses | $58,226 |
| Grants payable | $0 |
| Deferred revenue | $26,636 |
| 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 | $153,899 |
| Other liabilities | $1,140,673 |
| Total liabilities | $1,379,434 |
| Net assets without donor restrictions | $647,524 |
| Net assets with donor restrictions | $141,061 |
| 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 | $2,168,019 |