Hubbard Street Dance Chicago Inc
- Assets
- $12.5m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 66
- Location
- Chicago, IL
- Founding
- 02/1978
- Data as of
- 08/2023
- 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 08/2023, 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 08/2023, Hubbard Street Dance Chicago Inc generated $3.6m 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 (8.2%) each year. All expenses for the organization totaled $4.4m during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (6.0%) 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
TO ENRICH, ENGAGE, AND CHANGE LIVES THROUGH THE EXPERIENCE OF DANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HSDC'S SEASON 46 ABUNDANCE FOLLOWED ARTISTIC DIRECTOR LINDA-DENISE FISHER-HARRELL'S ARTISTIC EYE FOR EXCELLENCE ACROSS GENRE, BALANCING DYNAMIC WORLD PREMIERES WITH TRIED-AND-TRUE REPERTORY. CHICAGO SAW THREE SERIESOF HOPE IN THE FALL, OF PEACE IN WINTER, AND OF JOY IN SPRINGWHICH INCLUDED THREE WORLD PREMIERES AND TWO COMPANY PREMIERES, ALL FROM LEADING CHOREOGRAPHERS. NEW RESIDENT ARTIST ASZURE BARTON BEGAN HER COLLABORATION WITH HUBBARD STREET, REVIVING RETURN TO PATIENCE IN THE FALL AND PREMIERING A DUO IN WINTER. AN EXCITING TOURING SEASON SPANNED ACROSS THE COUNTRY, INCLUDING STOPS IN MILWAUKEE, WI AND LOS ANGELES, CA, AS WELL AS A TWO-WEEK RUN AT THE JOYCE THEATER, AN INTERNATIONAL LEADER IN DANCE PRESENTATION IN NEW YORK CITY.
HSDC'S EDUCATION PROGRAMS BUILD SUSTAINABLE PARTNERSHIPS WITH CHICAGO PUBLIC SCHOOLS THAT INCLUDE IN-SCHOOL RESIDENCIES, TEACHER PROFESSIONAL DEVELOPMENT, TEACHING ARTIST TRAINING, AND PERFORMANCE OPPORTUNITIES. HSDC'S TEACHING ARTISTS ARE WORKING WITH EDUCATORS IN OVER 70 CLASSROOMS ACROSS 15 SCHOOLS, SERVING OVER 1,800 STUDENTS IN THE 2023-2024 SCHOOL YEAR. HUBBARD STREET ALSO WELCOMED STUDENTS INTO THE COMMUNITY WITH TWO FREE STUDENT MATINEE PERFORMANCESAN IN-PERSON PERFORMANCE ON NOVEMBER 3, 2023, WHERE THE COMPANY PERFORMS FOR 1,200+ STUDENTS AND 100+ EDUCATORS AT HARRIS THEATER FOR MUSIC AND DANCE, AND VIRTUAL MATINEE CALLED HUBBARD LIVE! ON MARCH 1, 2024. HUBBARD STREET RECOGNIZES ACCESSIBILITY AND DANCE ARE NOT CONFLICTING CONCEPTS IN ITS ADAPTIVE PROGRAMS. THE AUTISM PROJECT FUNCTIONS TO SUPPORT (SEE SCH O) THE NEEDS OF ALL STUDENTS AND HSDC'S PARKINSON'S PROJECT HELPS PARTICIPANTS AND CAREGIVERS BUILD DEXTERITY, COMMUNITY, AND CONFIDENCE IN FOUR SEPARATE SESSION PERIODS THROUGHOUT THE YEAR. HSDC CONTINUES TO OFFER OUR ANNUAL SUMMER INTENSIVE PROGRAMS, WHICH ALLOW DANCERS FROM AGES 13-25 THE OPPORTUNITY TO ENGAGE WITH DIVERSE VOICES IN THE FIELD IN THREE SEPARATE SESSIONS FROM JULY-AUGUST. THIS YEAR, HUBBARD STREET HAS ADDED AN ADULT INTENSIVE SESSION CALLED DANCE ON! FOR DANCERS 26 AND UP AND CONTINUED OUR FELLOWSHIP OPPORTUNITIES FOR 4-6 YOUNG DANCERS TO BE INVITED BACK TO HUBBARD STREET TO REHEARSE ALONGSIDE THE COMPANY IN THE FALL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Mcdermott Executive Director | OfficerTrustee | 40 | $185,311 |
Linda-Denise Fisher-Harrell Artistic Director | OfficerTrustee | 40 | $175,000 |
Steven Collens Chair | OfficerTrustee | 4 | $0 |
Kristen Conley President | OfficerTrustee | 2 | $0 |
Camille E Rudge Treasurer | Trustee | 1 | $0 |
Jodi Patt Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $449,880 |
| Related organizations | $0 |
| Government grants | $220,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,739,239 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,409,119 |
| Total Program Service Revenue | $1,246,929 |
| Investment income | $295,665 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$149,761 |
| Net Income from Fundraising Events | -$222,088 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $5,840 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,587,495 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $49,794 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $364,504 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,693,004 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $153,339 |
| Payroll taxes | $148,750 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,416 |
| Fees for services: Accounting | $195,778 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $509,681 |
| Advertising and promotion | $128,928 |
| Office expenses | $61,701 |
| Information technology | $75,587 |
| Royalties | $54,886 |
| Occupancy | $84,909 |
| Travel | $57,339 |
| 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 | $62,046 |
| Insurance | $131,060 |
| All other expenses | $0 |
| Total functional expenses | $4,439,607 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,517,304 |
| Savings and temporary cash investments | $300,000 |
| Pledges and grants receivable | $723,094 |
| Accounts receivable, net | $67,248 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $22,028 |
| Prepaid expenses and deferred charges | $242,979 |
| Net Land, buildings, and equipment | $214,106 |
| Investments—publicly traded securities | $8,603,939 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $769,341 |
| Total assets | $12,460,039 |
| Accounts payable and accrued expenses | $230,388 |
| Grants payable | $0 |
| Deferred revenue | $327,495 |
| 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 | $8,363 |
| Total liabilities | $566,246 |
| Net assets without donor restrictions | $5,096,068 |
| Net assets with donor restrictions | $6,797,725 |
| 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 | $12,460,039 |