Hyde Park School Of Dance
- Assets
- $1.2m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 76
- Location
- Chicago, IL
- Founding
- 10/2002
- Data as of
- 06/2023
- EIN
- 36-4066439
Organization Overview
Hyde Park School Of Dance is located in Chicago, IL. The organization was established in 2002. According to its NTEE Classification (A6E) the organization is classified as: Performing Arts Schools, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2023, Hyde Park School Of Dance employed 76 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hyde Park School 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, Hyde Park School Of Dance generated $1.2m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $1.4m during the year ending 06/2023. While expenses have increased by 9.0% per year over the past 4 years. They've been increasing with an increasing level of total revenue. 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
HYDE PARK SCHOOL OF DANCE PROVIDES OPPORTUNITIES FOR STUDENTS OF ALL AGES TO STUDY, PERFORM, AND CREATE CLASSICAL AND CONTEMPORARY DANCE AT THE HIGHEST LEVELS OF DISCIPLINE AND ARTISTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HYDE PARK SCHOOL OF DANCE (HPSD) PROVIDES INSTRUCTION IN CLASSICAL AND CONTEMPORARY DANCE FOR STUDENTS AGE 3 THROUGH ADULT. IN THE FISCAL YEAR ENDING 6/30/2022, HPSD ENROLLED OVER 500 STUDENTS OFFERING 70 HOURS OF WEEKLY INSTRUCTION IN TWO 16- WEEK SESSIONS DURING THE SCHOOL YEAR AND OVER 20 HOURS OF WEEKLY INSTRUCTION IN EACH OF TWO 4-WEEK SUMMER SESSIONS. ADDITIONAL INTENSIVE AND MASTER CLASSES WERE ALSO OFFERED THROUGHOUT THE YEAR. DUE TO THE ONGOING COVID-19 PANDEMIC, ALL CLASSES WERE OFFERED ON A HYBRID BASIS SO THAT STUDENTS COULD PARTICIPATE LIVE OR VIRTUALLY, EXPANDING OUR COMMUNITY BEYOND THE LOCAL NEIGHBORHOOD.
HYDE PARK SCHOOL OF DANCE'S COMMUNITY ENGAGEMENT OUTREACH PROGRAM WORKS WITH SCHOOLS AND LOCAL PARK DISTRICTS TO CREATE ROBUST PATHWAYS FOR TALENTED AND COMMITTED YOUNG DANCERS THROUGH DANCE BASED CLASSES, WORKSHOPS, AND FREE CONCERTS TO REACH MORE THAN 1000 PEOPLE. IN FISCAL YEAR 2022, THE COMMUNITY ENGAGEMENT PROGRAM TAUGHT REGULAR CLASSES AT 4 PUBLIC ELEMENTARY SCHOOLS, 3 CHARTER AND PRIVATE SCHOOLS, AND CHICAGO PARK DISTRICT FACILITIES.
DURING THE FISCAL YEAR ENDING 6/30/2022, HPSD PROVIDED ITS STUDENTS WITH PERFORMANCE OPPORTUNITIES BOTH LIVE AND ONLINE. HPSD PRESENTED OUR 28TH ANNUAL PERFORMANCE OF "THE NUTCRACKER" WHICH FEATURED A CAST OF OVER 100 STUDENTS AND WAS PRESENTED BOTH LIVE AND STREAMING TO AUDIENCES IN LOCAL SCHOOLS AND AROUND THE WORLD. THE ANNUAL ALL SCHOOL PERFORMANCE SPRING CONCERT WAS PRESENTED AT THE MUSEUM OF SCIENCE AND INDUSTRY AND FEATURED THREE ACTS INCLUDING STUDENTS AGE 3 TO ADULT. THE ADVANCED YOUTH COMPANY DANCERS PARTICIPATED IN A VARIETY OF PUBLIC PERFORMANCES, FESTIVALS, AND ENRICHMENT PROGRAMS THROUGHOUT THE COMMUNITY INCLUDING THE 57TH STREET CHILDREN'S BOOK FAIR, THATER Y, HPSD OPEN HOUSE, THE HALLOWEEN PARADE, FLAVORS YOUTH FESTIVAL, AND THE VARIATIONS SHOWCASE.
HPSD AWARDED 66 SCHOLARSHIPS TO 33 STUDENTS BETWEEN THE AGES OF 7 AND 18. THESE SCHOLARSHIPS WERE AWARDED BASED ON FINANCIAL NEED AND DEDICATION TO THE STUDY OF DANCE, DETERMINED IN OPEN AUDITION FOR DANCERS AND INTERVIEW FOR PARENTS/GUARDIANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tracey Patterson President | OfficerTrustee | 2 | $0 |
Diana Bolotin Vice President | OfficerTrustee | 2 | $0 |
Erik Grimshaw Treasurer (started 1/1/23) | OfficerTrustee | 5 | $0 |
Ginger Odem Secretary | OfficerTrustee | 1 | $0 |
Mary Anton Treasurer (retired 6/30/23) | OfficerTrustee | 5 | $0 |
August Tye Pauley Artistic Director | OfficerTrustee | 40 | $60,072 |
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 | $293,065 |
| Noncash contributions included in lines 1a–1f | $8,030 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $293,065 |
| Total Program Service Revenue | $871,107 |
| Investment income | $230 |
| 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 | $4,244 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,183,941 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $57,839 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $77,250 |
| Compensation of current officers, directors, key employees. | $6,627 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $719,417 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $63,520 |
| Payroll taxes | $62,455 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,576 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $32,192 |
| Advertising and promotion | $12,958 |
| Office expenses | $27,624 |
| Information technology | $7,274 |
| Royalties | $0 |
| Occupancy | $158,588 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $955 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $44,256 |
| Insurance | $9,946 |
| All other expenses | $0 |
| Total functional expenses | $1,350,587 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,764 |
| Savings and temporary cash investments | $161,147 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $125,000 |
| 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 | $37,692 |
| Net Land, buildings, and equipment | $516,856 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $312,997 |
| Total assets | $1,159,456 |
| Accounts payable and accrued expenses | $175,287 |
| Grants payable | $0 |
| Deferred revenue | $122,699 |
| 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 | $310,164 |
| Total liabilities | $608,150 |
| Net assets without donor restrictions | $538,950 |
| Net assets with donor restrictions | $12,356 |
| 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 | $1,159,456 |