Nyc Dance Alliance Foundation Inc
- Assets
- $583.5k
- Revenue
- $457.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Mahwah, NJ
- Founding
- 10/2010
- Data as of
- 12/2022
- EIN
- 27-2855982
Organization Overview
Nyc Dance Alliance Foundation Inc is located in Mahwah, NJ. The organization was established in 2010. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nyc Dance Alliance Foundation 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 12/2022, Nyc Dance Alliance Foundation Inc generated $457.9k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $433.0k during the year ending 12/2022. 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
NYC DANCE FOUNDATION IS A NONPROFIT CORPORATION ORGANIZED AND OPERATED EXCLUSIVELY FOR EDUCATIONAL AND CHARITABLE PURPOSES. THIS ORGANIZATION HAS BEEN FORMED TO A)EDUCATE THE PUBLIC ON SUBJECTS USEFUL TO THE INDIVIDUAL AND BENEFICIAL TO THE COMMUNITY AND B)ADVANCE EDUCATION. OUR ORGANIZATION HAS DESIGNED AND DEVELOPED ONE PROGRAM IN FURTHERANCE OF OUR PURPOSES. OUR PROGRAM IS ENTITLED: NYC DANCE ALLIANCE FOUNDATION. WE FURTHER OUR PURPOSES UNDER THIS PROGRAM BY CONDUCTING A FOUNDATION THAT PROVIDES EDUCATIONAL SUPPORT TO FUTURE GENERATIONS OF DANCERS. THE FOUNDATION IS A SCHOLARSHIP PROGRAM TO SUPPORT AND NURTURE THE NEXT GENERATION OF PROFESSIONAL DANCERS. THE FOUNDATION AWARDS ANNUAL SCHOLARSHIPS TO ONE OR MORE RECIPIENTS SO THAT THEY MAY FUND THEIR CONTINUED EDUCATION IN THE FIELD OF DANCE. THE FOUNDATION RAISES MONEY AT BENEFIT PERFORMANCES THROUGH TICKET SALES AND DONATIONS. THE FOUNDATION ALSO RECEIVES CONTRIBUTIONS FROM ON-GOING ANCILLARY FUND RAISERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP AWARDS WERE MADE TO 142 INDIVIDUALS TO HELP FUND THEIR CONTINUED EDUCATION IN THE FIELD OF DANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Lanteri President | Trustee | 1.5 | $0 |
Patricia Moore Secretary | Trustee | 0.5 | $0 |
Karen Roche Treasurer | Trustee | 1 | $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 | $395,867 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $395,867 |
| Total Program Service Revenue | $55,455 |
| Investment income | $6,537 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $38 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $457,897 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $317,041 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,900 |
| 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 | $2,187 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $129 |
| 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 | $0 |
| Insurance | $1,146 |
| All other expenses | $4,552 |
| Total functional expenses | $433,034 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $576,022 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $7,481 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $583,503 |
| Accounts payable and accrued expenses | $0 |
| 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 | $8,825 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $8,825 |
| Net assets without donor restrictions | $37,271 |
| Net assets with donor restrictions | $537,407 |
| 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 | $583,503 |