Dancing Dreams
- Assets
- $804.9k
- Revenue
- $415.1k
- Investments
- $0.0
- Employees
- 13
- Location
- Bayside, NY
- Founding
- 03/2008
- Data as of
- 12/2022
- EIN
- 26-0797411
Organization Overview
Dancing Dreams is located in Bayside, NY. The organization was established in 2008. 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 12/2022, Dancing Dreams employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dancing Dreams 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, Dancing Dreams generated $415.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $382.4k during the year ending 12/2022. While expenses have increased by 8.5% per year over the past 8 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
TO PROVIDE DANCE CLASSES AND DANCE PERFORMANCE OPPORTUNITIES TO PHYSICALLY CHALLENGED CHILDREN, INCLUDING MEDICALLY FRAGILE INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED DANCING CLASSES AND ORGANIZED DANCING RECITALS FOR PHYSICALLY CHALLENGED CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joann Ferrara Director | Trustee | 30 | $62,632 |
Cathleen Trautwig President | Trustee | 1 | $0 |
Aline Campos Carmago Director | Trustee | 1 | $0 |
Summer Delaney Director | Trustee | 1 | $0 |
Patricia Hassett Ribaudo Treasurer | Trustee | 1 | $0 |
Judi Erichler Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $43,800 |
| All other contributions, gifts, grants, and similar amounts not included above | $282,222 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $326,022 |
| Total Program Service Revenue | $4,715 |
| Investment income | $17,487 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $66,888 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $415,112 |
| 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. | $62,632 |
| Compensation of current officers, directors, key employees. | $9,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $199,351 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,218 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,001 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,832 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $17,244 |
| Travel | $2,210 |
| 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 | $1,649 |
| Insurance | $3,362 |
| All other expenses | $17,231 |
| Total functional expenses | $382,437 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $276,605 |
| Savings and temporary cash investments | $50,187 |
| Pledges and grants receivable | $0 |
| 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 | $4,963 |
| Investments—publicly traded securities | $470,310 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,800 |
| Total assets | $804,865 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | -$41,257 |
| 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 | $0 |
| Total liabilities | -$41,257 |
| Net assets without donor restrictions | $846,122 |
| Net assets with donor restrictions | $0 |
| 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 | $804,865 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Dancing Dreams has recieved totaling $13,500.
| Awarding Organization | Amount |
|---|---|
John And Janet Kornreich Charitable Foundation Ltd Old Westbury, NY PURPOSE: CHARITABLE | $12,500 |
Scotford Foundation John P Scotford Jr Ttee Poland, OH PURPOSE: GENERAL SUPPORT | $1,000 |
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 |
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 |