Dance Works Inc
- Assets
- $635.7k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 17
- Location
- New York, NY
- Founding
- 01/1975
- Data as of
- 06/2022
- EIN
- 23-7426261
Organization Overview
Dance Works Inc is located in New York, NY. The organization was established in 1975. 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, Dance Works Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dance Works 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, Dance Works Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $1.1m during the year ending 06/2022. While expenses have increased by 8.3% 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 ORGANIZATION SERVES THE PERFORMING ARTS COMMUNITY BY PROVIDING ARTISTS WITH THE ADMINISTRATIVE SUPPORT THEY NEED TO FULFILL THEIR ARTISTIC VISIONS AND DEVELOP WIDER AUDIENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ARTIST SERVICES: FISCAL ADMINISTRATION, FISCAL SPONSORSHIP, BOOKKEEPING, BOOKING/REPRESENTATION, ADMINISTRATIVE PERSONNEL, MENTORS, INTERNS, PERFORMANCE/SHOWCASE OPPORTUNITIES AND WORKING SESSIONS IN OUR AREAS OF EXPERTISE. IN ADDITION TO ARTIST SERVICES, THE ORGANIZATION HAS: 1) EDUCATION & OUTREACH PROGRAMMING INCLUDING: IN-SCHOOL PROGRAMS, COMMUNITY CENTERS AND INTERNSHIPS. 2) NEW INITIATIVES INCLUDING: ART(ADMINISTRATIVE RESOURCE TEAM) - A PROGRAM TO STUDY HOW BUNDLED ADMINISTRATIVE SERVICES IMPACT THE SUCCESS OF ARTISTIC DEVELOPMENT AND GROWTH OF NYC DANCE ARTISTS. ART PROVIDES COMPREHENSIVE MENTORING AND ADMINISTRATIVE STAFFING TO SUPPORT AND DEVELOP THE ARTISTS' INFRASTRUCTURE TO ACHIEVE THEIR GOALS. NEXTSTEPS - AN ONLINE PLATFORM TO SHARE THE ADMINISTRATIVE RESOURCE TEAM'S (ART) FINDINGS WITH THE FIELD WHILE SIMULTANEOUSLY PROVIDING FREE ACCESS TO REGULARLY UPDATED RESOURCES, ARTICLES, AND TEMPLATES, AS WELL AS VIRTUAL ASSISTANCE TECHNOLOGIES SUCH AS A LIVE CHAT FEATURE AND COMMUNITY FORUM. FINANCIAL URGENT CARE - LAUNCHED A NEW FISCAL SERVICE. THE ORGANIZATION IS AVAILABLE FOR ARTISTIC ENTITIES THAT FEEL THEIR FINANCES OR FINANCIAL PRACTICES NEED AN EXPERT'S EYE AND SOMEONE WITH ADVANCED QUICKBOOKS ACCOUNTING SOFTWARE SKILLS. THIS NEW SERVICE IS IDEAL FOR ARTISTIC ENTITIES THAT HAVE UNDERGONE STAFF CHANGES AND/OR LACK SOUND FINANCIAL POLICIES AND PROCEDURES. TO DETERMINE WHAT AREAS REQUIRE ATTENTON, ENTITIES WILL BE PROVIDED WITH AN INITIAL ASSESSMENT TO CREATE A CUSTOMIZED PLAN OUTLINING WHAT AREAS OF ASSISTANCE MIGHT BE NECESSARY TO BUILD A STRONG FINANCIAL STRUCTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clarissa Soto Josephs President & Executive Director | OfficerTrustee | 40 | $95,980 |
Mara Greenberg Board Member & Director (resigned June 15, 2022) | OfficerTrustee | 40 | $72,445 |
Stefi George Treasurer | OfficerTrustee | 1 | $0 |
Marilyn Peck Francescon Board Chair | OfficerTrustee | 1 | $0 |
Matthew Heggem Board Member | Trustee | 1 | $0 |
Robin Carol Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $232,960 |
| All other contributions, gifts, grants, and similar amounts not included above | $159,771 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $392,731 |
| Total Program Service Revenue | $816,608 |
| Investment income | $219 |
| 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 | $1,217,812 |
| 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. | $163,250 |
| Compensation of current officers, directors, key employees. | $23,070 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $517,304 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $49,082 |
| Payroll taxes | $51,436 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $127,268 |
| Advertising and promotion | $9,588 |
| Office expenses | $5,807 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $96,382 |
| Travel | $4,171 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,029 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $14,549 |
| All other expenses | $11,739 |
| Total functional expenses | $1,100,478 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,796 |
| Savings and temporary cash investments | $469,691 |
| Pledges and grants receivable | $9,980 |
| Accounts receivable, net | $88,187 |
| 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 | $19,995 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $21,060 |
| Total assets | $635,709 |
| Accounts payable and accrued expenses | $13,030 |
| Grants payable | $0 |
| Deferred revenue | $25,925 |
| 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 | $900 |
| Total liabilities | $39,855 |
| Net assets without donor restrictions | $522,854 |
| Net assets with donor restrictions | $73,000 |
| 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 | $635,709 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Dance Works Inc has recieved totaling $11,632.
| Awarding Organization | Amount |
|---|---|
The Lotos Foundation New York, NY PURPOSE: SCHOLARSHIP | $8,000 |
Charles D Jacobus Family Foundation Inc Milwaukee, WI PURPOSE: SUPPORT FOR THE ARTS | $3,500 |
Dance Usa Washington, DC PURPOSE: DONATION HONORING OUTGOING TRUSTEE | $100 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $32 |
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 |