The Institute For Dance Inc
- Assets
- $131.5k
- Revenue
- $413.5k
- Investments
- $0.0
- Employees
- 30
- Location
- Williamsburg, VA
- Founding
- 04/1979
- Data as of
- 12/2022
- EIN
- 51-0227086
Organization Overview
The Institute For Dance Inc is located in Williamsburg, VA. The organization was established in 1979. 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 12/2022, Institute For Dance Inc employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Institute For Dance 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, Institute For Dance Inc generated $413.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $406.7k during the year ending 12/2022. While expenses have increased by 1.6% per year over the past 7 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
TO PROVIDE EXCELLENT DANCE INSTRUCTION FOR STUDENTS AND HIGH QUALITYPRODUCTIONS FOR THE COMMUNITY. A RECITAL IS PRESENTED TO THE COMMUNITYEACH JUNE TO SHOWCASE THE TALENTS OF THE STUDENTS IN ADDITION TO A HOLIDAY SHOW AND OTHER LOCAL PERFORMANCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OFFERED AND CONDUCTED A VARIETY OF DANCE CLASSES INCLUDING BALLET, JAZZ, MODERN, LYRICAL,HOP HOP AND TAP. CLASSES ARE TAUGHT TO STUDENTS RANGING FROM AGE THREE TO ADULT.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Hughes Director | Trustee | 3 | $0 |
Tara Stratton Director | Trustee | 3 | $0 |
Jesse Goodrich Director | Trustee | 3 | $0 |
Samantha Forsyth Director | Trustee | 3 | $0 |
Katie Sheehansmith Director | Trustee | 3 | $0 |
Michelle Alexander Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $400,064 |
| Fundraising events | $13,387 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $413,451 |
| 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 | $413,451 |
| 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 | $160,476 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,368 |
| 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 | $4,269 |
| Office expenses | $4,539 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $141,854 |
| 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 | $3,084 |
| Insurance | $1,634 |
| All other expenses | $66,857 |
| Total functional expenses | $406,705 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $80,852 |
| 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 | $43,457 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,200 |
| Total assets | $131,509 |
| Accounts payable and accrued expenses | $0 |
| 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 | $4,751 |
| Total liabilities | $4,751 |
| Net assets without donor restrictions | $98,654 |
| Net assets with donor restrictions | $28,104 |
| 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 | $131,509 |