Koresh Dance Company
- Assets
- $2.2m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 36
- Location
- Philadelphia, PA
- Founding
- 07/1993
- Data as of
- 12/2021
- EIN
- 23-2703616
Organization Overview
Koresh Dance Company is located in Philadelphia, PA. The organization was established in 1993. 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 12/2021, Koresh Dance Company employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Koresh Dance Company 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 12/2021, Koresh Dance Company generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $910.3k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE DANCE AND DANCE EDUCATION TO THE COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
DIRECT EDUCATION SERVICES TO THE PUBLIC & COMMUNITY. DEVELOPMENT OF A DANCE REPERTORY TO PUBLIC & COMMUNITY.
DIRECT EDUCATION SERVICES TO THE PUBLIC & COMMUNITY. DEVELOPMENT OF A DANCE REPERTORY TO PUBLIC & COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alon Koresh Executive Di | Trustee | 40 | $65,700 |
Ronen Koresh Artistic Dir | Trustee | 40 | $61,020 |
Joanna Chan Secretary | OfficerTrustee | 1 | $0 |
Leslie Baker Boris Vice Preside | OfficerTrustee | 1 | $0 |
Andrew Frankel Treasurer | OfficerTrustee | 1 | $0 |
Steve Lazin President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $404,564 |
| All other contributions, gifts, grants, and similar amounts not included above | $270,262 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $674,826 |
| Total Program Service Revenue | $455,878 |
| Investment income | $0 |
| 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 | $1,130,704 |
| 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. | $126,720 |
| Compensation of current officers, directors, key employees. | $52,560 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $405,311 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $41,011 |
| Payroll taxes | $43,441 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,748 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $39,227 |
| Office expenses | $13,694 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $9,918 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $83,807 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,184 |
| Insurance | $14,559 |
| All other expenses | $18,184 |
| Total functional expenses | $910,325 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $436,434 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $67,919 |
| 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 | $1,677,764 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $14,558 |
| Other assets | $0 |
| Total assets | $2,196,675 |
| Accounts payable and accrued expenses | $10,797 |
| Grants payable | $0 |
| Deferred revenue | $37,643 |
| 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 | $1,577,504 |
| Total liabilities | $1,625,944 |
| Net assets without donor restrictions | $474,731 |
| Net assets with donor restrictions | $96,000 |
| 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 | $2,196,675 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Koresh Dance Company has recieved totaling $242,439.
| Awarding Organization | Amount |
|---|---|
William Penn Foundation Philadelphia, PA PURPOSE: KORESH KIDS DANCE | $77,700 |
William Penn Foundation Philadelphia, PA PURPOSE: KORESH KIDS DANCE | $77,700 |
Dexter F And Dorothy H Baker Foundation Allentown, PA PURPOSE: KORESH DANCE 30TH ANNIV PERFORMANCE | $30,000 |
Dexter F And Dorothy H Baker Foundation Allentown, PA PURPOSE: KORESH KIDS DANCE 2022-2023 | $15,000 |
Dexter F And Dorothy H Baker Foundation Allentown, PA PURPOSE: KORESH KIDS DANCE 22-23 | $15,000 |
| $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 |
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 |
Dayton Contemporary Dance Company Dayton, OH | $1,533,239 | $2,434,734 |