Parsons Dance Foundation Inc
- Assets
- $1.7m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 35
- Location
- New York, NY
- Founding
- 10/1990
- Data as of
- 06/2022
- EIN
- 13-3376271
Organization Overview
Parsons Dance Foundation Inc is located in New York, NY. The organization was established in 1990. 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 06/2022, Parsons Dance Foundation Inc employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Parsons Dance Foundation 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 06/2022, Parsons Dance Foundation Inc generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $1.8m during the year ending 06/2022. While expenses have increased by 7.2% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF PARSONS DANCE IS TO BRING LIFE-AFFIRMING PERFORMANCES AND JOY TO AUDIENCES WORLDWIDE AND, THROUGH EDUCATION AND OUTREACH PROGRAMS, TO SUSTAIN AN APPRECIATION FOR DANCE. WE EMBRACE THE POWER OF A DIVERSE AND INCLUSIVE COMPANY TO ENHANCE AWARENESS AND EMPATHY, ENGAGE WITH AUDIENCES OF ALL AGES, ABILITIES AND BACKGROUNDS, LIFT US AS INDIVIDUALS AND BRING US TOGETHER. WE ENVISION A MORE POSITIVE, CREATIVE, AND WELCOMING WORLD BECAUSE OF OUR ART.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DANCE PERFORMANCES THROUGHOUT THE WORLD OPEN TO THE GENERAL PUBLIC AND THE RELATED REHEARSAL EXPENSES
NEW WORKS AND CLASSES TAUGHT TO THE GENERAL PUBLIC
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Parsons Artistic Direct | OfficerTrustee | 40 | $136,692 |
Rebecca Josue Executive Dir. | Officer | 40 | $120,404 |
Dina Zuckerberg Director | OfficerTrustee | 1 | $0 |
Linda Stocknoff Vice President | OfficerTrustee | 1 | $0 |
Barbara Rohdie Secretary | OfficerTrustee | 1 | $0 |
Chris Yegen President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $216,593 |
| Related organizations | $0 |
| Government grants | $620,028 |
| All other contributions, gifts, grants, and similar amounts not included above | $857,041 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,693,662 |
| Total Program Service Revenue | $613,631 |
| Investment income | $3,208 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$4,515 |
| Net Income from Fundraising Events | -$39,796 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,266,190 |
| 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. | $280,467 |
| Compensation of current officers, directors, key employees. | $65,955 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $506,232 |
| Pension plan accruals and contributions | $10,323 |
| Other employee benefits | $70,533 |
| Payroll taxes | $91,369 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,503 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $310,893 |
| Advertising and promotion | $50,686 |
| Office expenses | $37,140 |
| Information technology | $0 |
| Royalties | $11,663 |
| Occupancy | $131,401 |
| Travel | $161,507 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $11,440 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,937 |
| All other expenses | $803 |
| Total functional expenses | $1,799,094 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,003 |
| Savings and temporary cash investments | $1,280,339 |
| Pledges and grants receivable | $47,507 |
| Accounts receivable, net | $22,103 |
| 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 | $20,198 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $245,436 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $420 |
| Total assets | $1,659,006 |
| Accounts payable and accrued expenses | $42,412 |
| 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 | $489,879 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $532,291 |
| Net assets without donor restrictions | $693,070 |
| Net assets with donor restrictions | $433,645 |
| 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 | $1,659,006 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Parsons Dance Foundation Inc has recieved totaling $472,255.
| Awarding Organization | Amount |
|---|---|
Booth Ferris Foundation Chicago, IL PURPOSE: GENERAL | $200,000 |
Howard Gilman Foundation Inc New York, NY PURPOSE: FOUNDATION GRANT - GENERAL OPERATING SUPPORT | $120,000 |
Shubert Foundation Inc New York, NY PURPOSE: GENERAL OPERATING | $55,000 |
Howard Gilman Foundation Inc New York, NY PURPOSE: FOUNDATION GRANT - CAPITAL/EQUIPMENT | $25,000 |
Music And Dance Foundation Inc Florham Park, NJ PURPOSE: GENERAL | $25,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $15,750 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Dancing Classrooms Inc New York, NY | $1,646,971 | $2,056,181 |