Victory Music & Dance Company Inc
- Assets
- $258.3k
- Revenue
- $721.1k
- Investments
- $0.0
- Employees
- 2
- Location
- Brooklyn, NY
- Founding
- 08/2015
- Data as of
- 12/2022
- EIN
- 47-2167056
Organization Overview
Victory Music & Dance Company Inc is located in Brooklyn, NY. The organization was established in 2015. 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 12/2022, Victory Music & Dance Company Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Victory Music & Dance Company 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 12/2022, Victory Music & Dance Company Inc generated $721.1k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. While expenses have increased by 16.5% per year over the past 6 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS A NON-SECTARIAN, COMMUNITY SERVICES ORGANIZATION THAT SPECIALIZES IN PROVIDING ACADEMIC ENRICHMENT PERFORMING ARTS, LEADERSHIP AND MENTORSHIP PROGRAMS TO YOUTH AND FAMILIES IN THE UNDERSERVED COMMUNITIES OF BROOKLYN
Describe the Organization's Program Activity:
Part 3 - Line 4a
VICTORY MUSIC & DANCE COMPANY PROVDED EXTENSIVE PERFORMING ARTS, EDUCATION & LEADERSHIP SERVICES TO OVER 10,000 YOUTH THROUGH ITS 14 PUBLIC SCHOOLS & PERFORMING ARTS PROGRAMS ACCROSS BROOKLYN. A TOTAL OF 15 STUDENTS WERE PROVIDED WITH PROFESSIONAL TRAINING THROUGH ITS YOUNG ARTIST APPRENTICESHIP PROGRAM AND WERE ACCEPTED INTO THE FOLLOWING PERFORMING ARTS PROGRAMS AND SCHOOLS: MYER LEVIN MIDDLE SCHOOL, LAGUARDIA HIGH SCHOOL, BROOKLYN HIGH SCHOOL OF THE ARTS, NORFOLK STATE UNIVERSITY, MORGAN STATE UNIVERSITY, SUNY & HOFSTRA UNIVERSITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kencina N Williams Executive Director | Trustee | 70 | $247,434 |
Whitney Mcintosh-Joseph Performing Arts Director | Officer | 25 | $49,653 |
Mia Adams After School Director | Officer | 25 | $38,764 |
Ronald Martin Marching Band Director | Officer | 25 | $35,990 |
Nanonte Dailey Afterschool Director | Officer | 25 | $33,550 |
Michelle Vinson Afterschool Director | Officer | 20 | $24,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $84,911 |
| Related organizations | $0 |
| Government grants | $570,303 |
| All other contributions, gifts, grants, and similar amounts not included above | $65,450 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $720,664 |
| Total Program Service Revenue | $0 |
| 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 | $721,149 |
| 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. | $138,434 |
| Compensation of current officers, directors, key employees. | $13,843 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $411,887 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $97,175 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $0 |
| Advertising and promotion | $155 |
| Office expenses | $69,762 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $37,362 |
| Travel | $23,833 |
| 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 | $0 |
| Insurance | $43,063 |
| All other expenses | $28,330 |
| Total functional expenses | $1,127,223 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $127,530 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $130,808 |
| Total assets | $258,338 |
| Accounts payable and accrued expenses | $18,599 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $497,200 |
| Total liabilities | $515,799 |
| Net assets without donor restrictions | -$257,461 |
| Net assets with donor restrictions | $0 |
| 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 | $258,338 |