Dance Works Inc
- Assets
- $587.8k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 19
- Location
- New York, NY
- Founding
- 01/1975
- Data as of
- 06/2023
- 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 06/2023, Dance Works Inc employed 19 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 06/2023, Dance Works Inc 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 3.6% each year. All expenses for the organization totaled $1.3m during the year ending 06/2023. While expenses have increased by 10.7% 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
2023
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: NEXTSTEPS, A WEBSITE FOR ARTISTS PROVIDING A ONE-STOP SHOP FOR BUSINESS RESOURCES, AND CASH ADVANCE PROGRAM,A LOAN PROGRAM WITH LOW BARRIER ACCESS POINTS FOR UNDERSERVED COMMUNITIES AND FREE FINANCIAL MENTORSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clarissa Soto Executive Director | OfficerTrustee | 40 | $103,000 |
Mara Greenberg Former Board Member | 40 | $39,000 | |
Robin Carol Board Member | Trustee | 1 | $650 |
Marilyn Peck Francescon Board Chair | OfficerTrustee | 1 | $0 |
Stefi George Treasurer | OfficerTrustee | 1 | $0 |
Ashley Calhoun Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $104,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $179,106 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $283,606 |
| Total Program Service Revenue | $849,114 |
| Investment income | $7,772 |
| 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 | $1,144,838 |
| 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. | $111,000 |
| Compensation of current officers, directors, key employees. | $27,750 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $598,549 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $59,298 |
| Payroll taxes | $54,255 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $68,605 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $150,007 |
| Advertising and promotion | $14,517 |
| Office expenses | $10,279 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $97,507 |
| Travel | $12,031 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $574 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $14,815 |
| All other expenses | $40,292 |
| Total functional expenses | $1,285,012 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,006 |
| Savings and temporary cash investments | $246,463 |
| Pledges and grants receivable | $19,484 |
| Accounts receivable, net | $149,563 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $12,246 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $25,456 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $113,612 |
| Total assets | $587,830 |
| Accounts payable and accrued expenses | $12,472 |
| Grants payable | $0 |
| Deferred revenue | $21,777 |
| 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 | $97,901 |
| Total liabilities | $132,150 |
| Net assets without donor restrictions | $422,680 |
| Net assets with donor restrictions | $33,000 |
| 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 | $587,830 |