Twyla Tharp Dance Foundation
- Assets
- $196.9k
- Revenue
- $177.6k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 02/1971
- Data as of
- 06/2021
- EIN
- 13-2667790
Organization Overview
Twyla Tharp Dance Foundation is located in New York, NY. The organization was established in 1971. According to its NTEE Classification (A62) the organization is classified as: Dance, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Twyla Tharp Dance Foundation 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 06/2021, Twyla Tharp Dance Foundation generated $177.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (35.8%) each year. All expenses for the organization totaled $156.7k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (37.0%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
TWYLA THARP DANCE FOUNDATIONS PRIMARY GOAL IS TO SUPPORT THE CREATIVE PROCESS OF TWYLA THARP IN MAKING NEW WORKS AS WELL AS TO PRESERVE AND SHARE THE WORKS TO AUDIENCES PAST, PRESENT, AND FUTURE. INFORMED BY THE CREATIVE PROCESS, TTDF IS COMMITTED TO THE CREATION AND DISSEMINATION OF EDUCATIONAL PROGRAMS BASED ON THE WORKS OF TWYLA THARP. THE INTENTION OF THE PROGRAMS IS THE FURTHERANCE OF THE ARTS THROUGH KNOWLEDGE. TTDF EXPLORES NEW MODELS FOR PRESERVING AND REMOUNTING WORKS IN AN EFFORT TO FIND A METHOD THAT ALLOWS DANCES TO BE PERFORMED AS WAS INTENDED BY THE ORIGINAL CHOREOGRAPHER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jesse Huot Secretary | 30 | $13,000 | |
Twanette Tharp Vice President | 1 | $0 | |
Twyla Tharp President | 30 | $0 | |
Norma Stevens Director | 1 | $0 | |
Joe Mizrahi Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $155,000 |
| Interest on Savings | $33 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $22,525 |
| Total Revenue | $177,558 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $86,728 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $18,000 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $51,929 |
| Total operating and administrative expenses | $156,657 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $156,657 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $172,460 |
| Savings and temporary cash investments | $24,436 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $196,896 |
| Accounts payable and accrued expenses | $1,313 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,313 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Twyla Tharp Dance Foundation has recieved totaling $160,000.
| Awarding Organization | Amount |
|---|---|
The David Herro Charitable Foundation Palm Beach, FL PURPOSE: UNRESTRICTED CONTRIBUTION | $150,000 |
Jct Foundation Coconut Grove, FL PURPOSE: GENERAL SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alvin Ailey Dance Foundation Inc New York, NY | $224,568,695 | $40,132,303 |
Gina Gibney Dance Inc New York, NY | $10,706,486 | $12,870,414 |
Ballet Hispanico Of New York New York, NY | $24,516,405 | $5,803,635 |
Jacobs Pillow Dance Festival Inc Becket, MA | $50,618,453 | $15,555,045 |
Discalced Inc Brooklyn, NY | $21,807,049 | $14,438,321 |
New York Live Arts Inc New York, NY | $18,773,149 | $10,002,942 |
Paul Taylor Dance Foundation Inc New York, NY | $13,013,484 | $8,150,910 |
Joyce Theater Foundation Inc New York, NY | $65,012,257 | $14,438,714 |
National Dance Institute Inc New York, NY | $32,990,877 | $6,945,631 |
Baryshnikov Arts Center Inc New York, NY | $23,842,997 | $3,582,683 |
Balletx Philadelphia, PA | $5,194,722 | $3,970,836 |
Purelements An Evolution In Dance Brooklyn, NY | $717,420 | $2,009,900 |