Nai-Ni Chen Dance Company Inc
- Assets
- $508.2k
- Revenue
- $564.8k
- Investments
- $0.0
- Employees
- 22
- Location
- Fort Lee, NJ
- Founding
- 08/1989
- Data as of
- 06/2024
- EIN
- 22-2930684
Organization Overview
Nai-Ni Chen Dance Company Inc is located in Fort Lee, NJ. The organization was established in 1989. 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 06/2024, Nai-Ni Chen Dance Company Inc employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nai-Ni Chen Dance Company 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 06/2024, Nai-Ni Chen Dance Company Inc generated $564.8k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $581.9k during the year ending 06/2024. While expenses have increased by 2.8% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO ESTABLISH AND MAINTAIN A WORLD CLASS DANCE COMPANY AND EDUCATE DIVERSE COMMUNITIES ABOUT THE JOY AND ART OF DANCE THROUGH PERFORMANCE AND EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
DANCE PERFORMANCES WHICH PROMOTE THE SPLENDER OF ASIAN DANCE ART. EDUCATIONAL WORKSHOPS, LECTURES AND PERFORMANCES HELD IN SCHOOLS AND COMMUNITY CENTERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Chiang Executive Di | Officer | 40 | $30,000 |
Theresa Shubeck President | OfficerTrustee | 2 | $0 |
Ronald Chen Vice Preside | OfficerTrustee | 2 | $0 |
Eileen Koski Secretary | OfficerTrustee | 2 | $0 |
Marisa Pierson Treasurer | OfficerTrustee | 2 | $0 |
Patricia Mayer Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $182,700 |
| All other contributions, gifts, grants, and similar amounts not included above | $143,124 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $325,824 |
| Total Program Service Revenue | $233,780 |
| Investment income | $5,193 |
| 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 | $564,797 |
| 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. | $30,000 |
| Compensation of current officers, directors, key employees. | $24,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $228,832 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $10,131 |
| Payroll taxes | $17,467 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,363 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $41,316 |
| Advertising and promotion | $42,230 |
| Office expenses | $7,598 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $23,126 |
| Travel | $90,149 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,815 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,692 |
| Insurance | $6,681 |
| All other expenses | $0 |
| Total functional expenses | $581,888 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $444,220 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $38,174 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $25,844 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $508,238 |
| Accounts payable and accrued expenses | $4,387 |
| 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 | $228,167 |
| Total liabilities | $232,554 |
| Net assets without donor restrictions | $249,144 |
| Net assets with donor restrictions | $26,540 |
| 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 | $508,238 |