Center For Traditional Music And Dance Inc is located in New York, NY. The organization was established in 1974. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Center For Traditional Music And Dance Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Center For Traditional Music And Dance 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 12/2022, Center For Traditional Music And Dance Inc generated $1.0m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (8.6%) per year over the past 4 years. 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 CENTER FOR TRADITIONAL MUSIC AND DANCE WORKS IN PARTNERSHIP WITH NY CITYS IMMIGRANT COMMUNITIES TO SUSTAIN PERFORMING ARTS TRADITIONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEXICAN CULTURAL PROGRAM.
PERUVIAN CULTURAL PROGRAM.
COLOMBIAN CULTURAL PROGRAM.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Richard Luftglass Chairman | Officer | $0 | |
Linn C Mehta Vice Chair | Officer | $0 | |
Kai Sotorp Treasurer | Officer | $0 | |
Peter I Rushefsky Executive Director | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $443 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $505,841 |
All other contributions, gifts, grants, and similar amounts not included above | $367,911 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $874,195 |
Total Program Service Revenue | $130,728 |
Investment income | $69 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $331 |
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 | $1,005,323 |
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. | $96,424 |
Compensation of current officers, directors, key employees. | $11,658 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $112,444 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $94,630 |
Payroll taxes | $0 |
Fees for services: Management | $59,032 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $36,120 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $224,461 |
Advertising and promotion | $12,793 |
Office expenses | $52,249 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $298,052 |
Travel | $1,351 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $5,569 |
Insurance | $8,576 |
All other expenses | $2,738 |
Total functional expenses | $1,004,439 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,115,461 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $158,676 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $12,557 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $1,299 |
Net Land, buildings, and equipment | $9,268 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $1,297,261 |
Accounts payable and accrued expenses | $29,491 |
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 | $12,945 |
Other liabilities | $0 |
Total liabilities | $42,436 |
Net assets without donor restrictions | $438,996 |
Net assets with donor restrictions | $815,829 |
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 | $1,297,261 |