Nimbus Dance Works Inc
- Assets
- $3.5m
- Revenue
- $1.6m
- Investments
- $171.9k
- Employees
- 52
- Location
- Jersey City, NJ
- Founding
- 03/2009
- Data as of
- 06/2023
- EIN
- 26-3416084
Organization Overview
Nimbus Dance Works Inc is located in Jersey City, NJ. The organization was established in 2009. 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, Nimbus Dance Works Inc employed 52 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nimbus 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, Nimbus Dance Works Inc generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 21.5% each year . All expenses for the organization totaled $1.4m during the year ending 06/2023. While expenses have increased by 20.3% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PERFORMING DANCE COMPANY AND YOUTH DANCE EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE USE THE POWER OF THE ARTS TO IMPACT INDIVIDUALS AND COMMUNITIES. AS JERSEY CITY'S VIBRANT, ANCHOR ARTS ORGANIZATION INVESTED IN EQUITY, DIVERSITY, AND EXCELLENCE, NIMBUS WEAVES TOGETHER DANCE COMPANY, ARTS CENTER, SCHOOL, AND COMMUNITY PROGRAMMING.OUR VISION BEGINS WITH THE ARTS. NIMBUS PUSHES THE BOUNDARIES OF THE ARTS BY INNOVATING NEW WORK, COLLABORATING WITH ARTISTS AND ARTS ORGANIZATIONS OF ALL DISCIPLINES, AND DEVELOPING ACCESSIBLE ARTS EDUCATION. WE LIFT UP THE ARTS TO IMBUE AND INSPIRE JERSEY CITY AND BEYOND, IMPROVING NEIGHBORHOODS, PROMOTING SOCIAL WELL-BEING, AND CULTIVATING UNITY. WE CREATE SPACE FOR PEOPLE TO ACCESS, PARTICIPATE IN AND BENEFIT FROM THE ARTS. WE ARE OUR COMMUNITY: SERVING, INSPIRING, REPRESENTING, REFLECTING, AND ELEVATING IN JERSEY CITY AND IN ALL COMMUNITIES WHERE WE ENGAGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wendy Paul President | OfficerTrustee | 1 | $0 |
Reinfred Forson Treasurer | OfficerTrustee | 1 | $0 |
Madeleine Giansanti Secretary | OfficerTrustee | 1 | $0 |
Anthony Catanio Board Member | Trustee | 1 | $0 |
Stephanie Daniels Board Member | Trustee | 1 | $0 |
Hali Epstien Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $264,198 |
| All other contributions, gifts, grants, and similar amounts not included above | $385,465 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $649,663 |
| Total Program Service Revenue | $828,327 |
| Investment income | $5,781 |
| 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 | $1,642,266 |
| 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. | $131,110 |
| Compensation of current officers, directors, key employees. | $17,044 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $528,951 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $18,481 |
| Payroll taxes | $66,623 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,675 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $116,396 |
| Advertising and promotion | $26,874 |
| Office expenses | $9,888 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $293,043 |
| Travel | $19,068 |
| 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 | $47,993 |
| Insurance | $6,612 |
| All other expenses | $0 |
| Total functional expenses | $1,445,463 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $136,653 |
| Savings and temporary cash investments | $277,498 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $76,434 |
| 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 | $5,941 |
| Net Land, buildings, and equipment | $1,154,637 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $171,864 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,703,068 |
| Total assets | $3,526,095 |
| Accounts payable and accrued expenses | $60,928 |
| 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 | $142,791 |
| Other liabilities | $1,823,772 |
| Total liabilities | $2,027,491 |
| Net assets without donor restrictions | $1,346,604 |
| Net assets with donor restrictions | $152,000 |
| 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 | $3,526,095 |