Hubbard Street Dance Chicago Inc
- Assets
- $12.6m
- Revenue
- $6.1m
- Investments
- $0.0
- Employees
- 66
- Location
- Chicago, IL
- Founding
- 02/1978
- Data as of
- 08/2022
- EIN
- 36-2950283
Organization Overview
Hubbard Street Dance Chicago Inc is located in Chicago, IL. The organization was established in 1978. 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 08/2022, Hubbard Street Dance Chicago Inc employed 66 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hubbard Street Dance Chicago 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 08/2022, Hubbard Street Dance Chicago Inc generated $6.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $4.3m during the year ending 08/2022. As we would expect to see with falling revenues, expenses have declined by (7.3%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ENRICH, ENGAGE, AND CHANGE LIVES THROUGH THE EXPERIENCE OF DANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESENTATION AND INSTRUCTION OF DANCE TO CLIENTS AND AUDIENCES OF ALL AGES AND PROFILES IN SCHOOLS, THEATRES AND HSDC'S FACILITY. HSDC SERVES OVER 160,000 CLIENTS ANNUALLY THROUGHOUT THE WORLD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Mcdermott Executive Director | OfficerTrustee | 40 | $192,379 |
Linda-Denise Fisher-Harrell Artistic Director | OfficerTrustee | 40 | $153,192 |
Steven Collens Chair | OfficerTrustee | 4 | $0 |
Kristen Conley President | OfficerTrustee | 2 | $0 |
Richard Rodes Treasurer | OfficerTrustee | 2 | $0 |
Jodi Patt Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $344,492 |
| Related organizations | $0 |
| Government grants | $2,294,343 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,964,620 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,603,455 |
| Total Program Service Revenue | $1,391,897 |
| Investment income | $257,103 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $69,826 |
| Net Income from Fundraising Events | -$201,655 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$2,981 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,117,645 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $50,625 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $345,571 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,486,654 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $195,100 |
| Payroll taxes | $145,794 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,990 |
| 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 | $745,021 |
| Advertising and promotion | $122,723 |
| Office expenses | $42,327 |
| Information technology | $67,555 |
| Royalties | $17,420 |
| Occupancy | $91,638 |
| Travel | $40,111 |
| 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 | $6,020 |
| Insurance | $56,853 |
| All other expenses | $0 |
| Total functional expenses | $4,301,848 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,772,660 |
| Savings and temporary cash investments | $300,000 |
| Pledges and grants receivable | $498,030 |
| Accounts receivable, net | $341,414 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $16,993 |
| Prepaid expenses and deferred charges | $242,894 |
| Net Land, buildings, and equipment | $259,039 |
| Investments—publicly traded securities | $5,455,421 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $712,370 |
| Total assets | $12,598,821 |
| Accounts payable and accrued expenses | $250,722 |
| Grants payable | $0 |
| Deferred revenue | $31,000 |
| 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 | $281,722 |
| Net assets without donor restrictions | $5,533,310 |
| Net assets with donor restrictions | $6,783,789 |
| 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 | $12,598,821 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Hubbard Street Dance Chicago Inc has recieved totaling $219,153.
| Awarding Organization | Amount |
|---|---|
Shubert Foundation Inc New York, NY PURPOSE: GENERAL OPERATING | $85,000 |
Abbie Norman Prince Tr Ud 022649 2nd Clause Of Will Dt 122947 Nect Chicago, IL PURPOSE: GENERAL OPERATING SUPPORT $20,000 AND ADDITIONAL $10,0000 | $30,000 |
Arie And Ida Crown Memorial Chicago, IL PURPOSE: PROGRAM SUPPORT | $25,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $17,100 |
Martha & Donald Farley Family Foundation Pennington, NJ PURPOSE: GENERAL OPEARTING | $15,000 |
Weasel Fund St Louis, MO PURPOSE: GENERAL ENDOWMENT | $10,000 |
Endowment Analysis
| Beg. Balance | $6,461,743 |
| Ending Balance | $6,461,743 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kentucky Dance Council Inc Louisville, KY | $2,461,900 | $4,767,462 |
Hubbard Street Dance Chicago Inc Chicago, IL | $12,598,821 | $6,117,645 |
Dance Kaleidoscope Inc Indianapolis, IN | $8,753,720 | $2,025,763 |
Forward Momentum Chicago Nfp Chicago, IL | $1,599,320 | $1,315,420 |
Red Clay Dance Company Inc Chicago, IL | $1,156,212 | $1,562,748 |
Ceilings And Interior Systems Construction Association Oak Brook, IL | $888,103 | $997,301 |
Danceworks Inc Milwaukee, WI | $878,331 | $1,224,253 |
Deeply Rooted Productions Inc Chicago, IL | $878,711 | $940,049 |
Fort Wayne Dance Collective Inc Fort Wayne, IN | $422,121 | $722,096 |
Extensions Dance Co Chicago, IL | $80,237 | $618,505 |
Dance Saint Louis St Louis, MO | $190,879 | $512,402 |
Southold Dance Theater Inc South Bend, IN | $702,232 | $649,517 |