Broadway Dreams Foundation Corporation
- Assets
- $370.1k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 5
- Location
- Alpharetta, GA
- Founding
- 07/2009
- Data as of
- 12/2021
- EIN
- 26-4771520
Organization Overview
Broadway Dreams Foundation Corporation is located in Alpharetta, GA. 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 12/2021, Broadway Dreams Foundation Corporation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Broadway Dreams Foundation Corporation 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 12/2021, Broadway Dreams Foundation Corporation generated $1.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $947.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.4%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO EMPOWER YOUTH AND YOUNG ADULTS OF ALL SOCIOECONOMIC BACKGROUND WITH PERFORMANCE TRAINING, LIFE SKILLS BUILDING, AND MENTORSHIP OPPORTUNITIES FROM THE ENTERTAINMENT INDUSTRY'S MOST DISTINGUISHED TALENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO EMPOWER YOUTH AND YOUNG ADULTS OF ALL SOCIOECONOMIC BACKGROUND WITH PERFORMANCE TRAINING, LIFE SKILLS BUILDING, AND MENTORSHIP OPPORTUNITIES FROM THE ENTERTAINMENT INDUSTRY'S MOST DISTINGUISHED TALENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Annette Tanner President & Ed | OfficerTrustee | 60 | $120,755 |
Adam C Sansiveri Co-Chair | OfficerTrustee | 5 | $0 |
Michael Cassling Vice Chair | OfficerTrustee | 2 | $0 |
Dr Elizabeth Faulkner Co-Chair | OfficerTrustee | 5 | $0 |
Marjorie Wynn Marketing Chr | OfficerTrustee | 2 | $0 |
Nanci Lewis Nominating Chr | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $612,913 |
| Noncash contributions included in lines 1a–1f | $27,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $612,913 |
| Total Program Service Revenue | $101,402 |
| Investment income | -$4,573 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $351,867 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,061,609 |
| 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. | $120,755 |
| Compensation of current officers, directors, key employees. | $18,113 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $335,530 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $30,992 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $189,671 |
| Advertising and promotion | $26,597 |
| Office expenses | $7,557 |
| Information technology | $2,929 |
| Royalties | $0 |
| Occupancy | $37,200 |
| Travel | $128,016 |
| 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 | $1,513 |
| Insurance | $12,787 |
| All other expenses | $0 |
| Total functional expenses | $947,434 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $192,724 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $160,531 |
| 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 | $7,547 |
| Net Land, buildings, and equipment | $2,082 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,175 |
| Total assets | $370,059 |
| Accounts payable and accrued expenses | $61,294 |
| Grants payable | $0 |
| Deferred revenue | $12,798 |
| 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 | $51,805 |
| Other liabilities | $0 |
| Total liabilities | $125,897 |
| Net assets without donor restrictions | $84,311 |
| Net assets with donor restrictions | $159,851 |
| 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 | $370,059 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Broadway Dreams Foundation Corporation has recieved totaling $66,800.
| Awarding Organization | Amount |
|---|---|
Stanislaus Community Foundation Modesto, CA | | $25,000 |
Schoch Foundation Philadelphia, PA PURPOSE: GENERAL | $20,000 |
American Endowment Foundation Hudson, OH PURPOSE: ARTS, CULTURE | $20,000 |
Ronald And Geri Yonover Foundation Longboat Key, FL PURPOSE: OPERATING EXPENSES | $1,500 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $200 |
The Duke Energy Foundation Charlotte, NC PURPOSE: MATCHING GIFTS | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Charlotte Ballet Charlotte, NC | $20,235,608 | $4,763,253 |
American Dance Festival Inc Durham, NC | $15,847,262 | $2,712,778 |
Collage Dance Collective Inc Memphis, TN | $12,261,946 | $4,794,210 |
New Ballet Ensemble Memphis, TN | $2,810,421 | $1,613,011 |
Miami Dance Project Inc Miami, FL | $244,845 | $1,001,532 |
Several Dancers Core Inc Decatur, GA | $510,518 | $925,008 |
Broadway Dreams Foundation Corporation Alpharetta, GA | $370,059 | $1,061,609 |
Ballet Spartanburg Inc Spartanburg, SC | $819,790 | $819,483 |
Dance Alive Inc Gainesville, FL | $122,284 | $818,209 |
Dancefx Athens, GA | $335,029 | $831,128 |
The Sarasota Cuban Ballet School Inc Sarasota, FL | $335,930 | $925,973 |
Chattanooga Ballet Inc Chattanooga, TN | $572,721 | $813,307 |