Wellspring-Cori Terry And Dancers
- Assets
- $453.1k
- Revenue
- $231.9k
- Investments
- $0.0
- Employees
- 13
- Location
- Kalamazoo, MI
- Founding
- 05/1984
- Data as of
- 08/2023
- EIN
- 38-2456161
Organization Overview
Wellspring-Cori Terry And Dancers is located in Kalamazoo, MI. 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 08/2023, Wellspring-Cori Terry And Dancers employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wellspring-Cori Terry And Dancers 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, Wellspring-Cori Terry And Dancers generated $231.9k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $340.9k during the year ending 08/2023. 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
WELLSPRING-CORI TERRY & DANCERS EXISTS TO OFFER A UNIQUE AND AUTHENTIC VOICE IN MODERN DANCE WHICH SERVES TO INSPIRE, ENGAGE AND EDUCATE OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
1.CONCERTS GIVE EXPOSURE OF MODERN DANCE TO THE GENERAL PUBLIC. CONCERTS ARE IN VARIOUS FORMATS AND GEARED TO DIFFERNCT AGE LEVELS AND SOME ARE INTERACTIVE FOR CHILDREN. THE MID-WEST RAD FEST HIGHLIGHTS REGIONAL AND NATIONAL TALENT THROUGH PERFORMANCE, FILM AND INSTRUCTION. 2. WELLSPRING DANCE ACADEMY OFFERS CLASSES TO COMMUNITY YOUTH AND ADULTS THROUGHOUT THE YEAR. TEACHING MODERN DANCE FURTHERS THE EXPOSURE OF DANCE THROUGH THE PARTICIPATION OF STUDENTS. 3. READY MOVERS IS AN OUTREACH INITIATIVE THAT PROVIDES MOVEMENT, MINDFULNESS, AND LITERACY EDUCATION TO UNDERSERVICED PRESCHOOL CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alisa Lindsay President | OfficerTrustee | 2 | $0 |
Carl Brown Vice Preside | OfficerTrustee | 2 | $0 |
Lisa Wainwright Secretary | OfficerTrustee | 2 | $0 |
Emily Deering-Caruso Treasurer | OfficerTrustee | 2 | $0 |
Bianca Washington Ciungan Director | Trustee | 1 | $0 |
Sarah Graziano Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $19,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $130,580 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $150,080 |
| Total Program Service Revenue | $63,267 |
| Investment income | $2 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $18,010 |
| 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 | $231,871 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $220,554 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,925 |
| Payroll taxes | $20,207 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,999 |
| Advertising and promotion | $18,628 |
| Office expenses | $5,547 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $31,237 |
| Travel | $0 |
| 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 | $4,819 |
| Insurance | $1,996 |
| All other expenses | $0 |
| Total functional expenses | $340,938 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $163,477 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,555 |
| 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 | $2,791 |
| Net Land, buildings, and equipment | $46,433 |
| Investments—publicly traded securities | $229,721 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,139 |
| Total assets | $453,116 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $2,324 |
| 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 | $1,896 |
| Total liabilities | $4,220 |
| Net assets without donor restrictions | $403,896 |
| Net assets with donor restrictions | $45,000 |
| 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 | $453,116 |