Gus Giordanos Jazz Dance Chicago Inc
- Assets
- $4.4m
- Revenue
- $677.2k
- Investments
- $0.0
- Employees
- 23
- Location
- Chicago, IL
- Founding
- 11/1984
- Data as of
- 06/2021
- EIN
- 36-3259804
Organization Overview
Gus Giordanos Jazz Dance Chicago Inc, operating under the name Giordano Dance Chicago, is located in Chicago, IL. The organization was established in 1984. 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 06/2021, Giordano Dance Chicago employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Giordano Dance Chicago 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 06/2021, Giordano Dance Chicago generated $677.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.3%) each year. All expenses for the organization totaled $485.2k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (10.1%) per year over the past 6 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
THE ORGANIZATION'S MISSION IS TO EXPAND THE ART FORM OF AMERICAN JAZZ DANCE AND TO PRESERVE/PROMOTE THE GIORDANO TECHNIQUE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PERFORMS LOCALLY AND NATIONALLY FOR A DIVERSE AUDIENCE COMPRISING THE GENERAL PUBLIC. THEY ALSO OFFER A VARIETY OF EDUCATIONAL ACTIVITIES INCLUDING WORKSHOPS AND TEACHING OF THE GIORDANO TECHNIQUE. THE ORGANIZATION CONTINUES ITS FLAGSHIP OUTREACH AND ARTS INTEGRATION PROGRAM IN FOUR UNDER RESOURCED CHICAGO PUBLIC SCHOOLS FREE OF CHARGE TO PARTICIPANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nan Giordano Artistic Director And Boar | OfficerTrustee | 40 | $74,149 |
Michael Mcstraw Executive Director | Officer | 40 | $72,677 |
Kip Helverson President | OfficerTrustee | 2 | $0 |
Ann K Ford Treasurer | OfficerTrustee | 2 | $0 |
Chris D'hondt Vice President | OfficerTrustee | 2 | $0 |
Paula Friedman Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $162,250 |
| All other contributions, gifts, grants, and similar amounts not included above | $418,191 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $580,441 |
| Total Program Service Revenue | $96,709 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $677,150 |
| 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. | $146,826 |
| Compensation of current officers, directors, key employees. | $50,229 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $96,142 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $17,555 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,733 |
| Office expenses | $9,468 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,752 |
| Travel | $4,101 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,991 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $82,848 |
| Insurance | $9,365 |
| All other expenses | $7,706 |
| Total functional expenses | $485,162 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $545,043 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $471,155 |
| 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 | $3,848 |
| Net Land, buildings, and equipment | $3,353,422 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,453 |
| Total assets | $4,379,921 |
| Accounts payable and accrued expenses | $216,412 |
| Grants payable | $0 |
| Deferred revenue | $54,475 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $2,079,094 |
| Secured mortgages and notes payable | $278,177 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,628,158 |
| Net assets without donor restrictions | $1,291,605 |
| Net assets with donor restrictions | $460,158 |
| 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 | $4,379,921 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Gus Giordanos Jazz Dance Chicago Inc has recieved totaling $66,407.
| Awarding Organization | Amount |
|---|---|
Arie And Ida Crown Memorial Chicago, IL PURPOSE: PROGRAM SUPPORT | $20,000 |
Alphawood Foundation Chicago, IL PURPOSE: GENERAL OPERATIONS | $15,000 |
Reynolds Family Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
Daniel H Lome Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
American Endowment Foundation Hudson, OH PURPOSE: ARTS, CULTURE | $6,870 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $3,428 |
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 |