The Heart Of Dance
- Assets
- $934.0k
- Revenue
- $290.9k
- Investments
- $0.0
- Employees
- 12
- Location
- Grand Rapids, MI
- Founding
- 03/2004
- Data as of
- 06/2023
- EIN
- 30-0198691
Organization Overview
The Heart Of Dance is located in Grand Rapids, MI. The organization was established in 2004. 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, Heart Of Dance employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heart Of Dance 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, Heart Of Dance generated $290.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (9.9%) each year. All expenses for the organization totaled $281.1k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (1.2%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
CHRISTIAN DANCE STUDIO TO PROMOTE AN INTEREST & TALENT IN DANCE & RELIGIOUS INSTRUCTION
Describe the Organization's Program Activity:
Part 3 - Line 4a
DANCE EDUCATION AND RELIGIOUS INSTRUCTION APPROXIMATELY 250 STUDENTS ARE CURRENTLY ENROLLED IN VARIOUS DANCE CLASSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Meribeth Huegli Board Member/president | OfficerTrustee | 20 | $0 |
Leslie Glendening Director | OfficerTrustee | 20 | $26,000 |
Andrea Allen Board Member/vice President | OfficerTrustee | 1 | $0 |
Steve Wonch Board Member/treasurer | OfficerTrustee | 1 | $0 |
Sheri Winters Board Member/secretary | OfficerTrustee | 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 | $48,491 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $48,491 |
| Total Program Service Revenue | $234,297 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $8,094 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $290,882 |
| 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. | $26,000 |
| Compensation of current officers, directors, key employees. | $6,500 |
| Compensation to disqualified persons | $102,077 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,829 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,947 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,992 |
| Advertising and promotion | $3,118 |
| Office expenses | $15,691 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $44,259 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $17,551 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,367 |
| Insurance | $14,683 |
| All other expenses | $4,588 |
| Total functional expenses | $281,102 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $73,193 |
| Savings and temporary cash investments | $2,505 |
| 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 | $858,338 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $934,036 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $10,274 |
| 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 | $368,406 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $722 |
| Total liabilities | $379,402 |
| Net assets without donor restrictions | $554,634 |
| 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 | $934,036 |