Dance Masters Of America Inc
- Assets
- $3.5m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 2
- Location
- Metairie, LA
- Founding
- 09/2010
- Data as of
- 08/2022
- EIN
- 53-0054561
Organization Overview
Dance Masters Of America Inc is located in Metairie, LA. The organization was established in 2010. 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 08/2022, Dance Masters Of America Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dance Masters Of America 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 08/2022, Dance Masters Of America Inc generated $1.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $627.9k during the year ending 08/2022. As we would expect to see with falling revenues, expenses have declined by (3.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE THE ART OF DANCING; TO IMPROVE THE PRACTICE OF ITS TEACHING; TO ESTABLISH BETTER AND MORE UNIFORM METHODS OF INSTRUCTION AMONG TEACHERS OF DANCING IN THE UNITED STATES AND CANADA; TO ENABLE THEM TO MEET ANNUALLY FOR COOPERATIVE AND COLLECTIVE STUDY OF CONDITIONS PERTAINING TO THEIR PROFESSION; FOR THE MUTUAL INTERESTS AND THE FRATERNAL COOPERATION OF ITS MEMBERS.
Describe the Organization's Program Activity:
STUDENTS HONORS INTENSISVE PROGRAM (SHIP) IS A 5 DAY CONFERENCE TO TEACH TECHNIQUES TO HONOR STUDENTS OF MEMBERS TO ENABLE THEM TO BECOME MORE PROFICIENT IN THEIR PERFORMANCE
TEACHERS TRAINING IS A 5 DAY CONFERENCE TO RELAY THE LATEST TEACHING TECHNIQUES AND DANCE INSTRUCTION IN A CONCISE FORMAT ENABLING A MORE UNIFORM METHOD OF INSTRUCTION AMONG TEACHERS
NATIONAL CONVENTION IS A 7 DAY CONFERENCE OFFERING 6 HOURS A DAY OF DANCE EDUCATION IN SPECIFIC DISCIPLINES OF DANCE. THIS ALLOWS COLLECTIVE AND CO-OPERATIVE STUDY OF NEW TECHNIQUES FOR ALL MEMBERS AND THEIR STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charleen Locascio Treasurer | Officer | 40 | $65,356 |
Erin Spriggs Vice-President | Officer | 20 | $0 |
Penny Koza-Lemansky President | Officer | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,990 |
| Fundraising events | $0 |
| 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 | $2,990 |
| Total Program Service Revenue | $994,548 |
| Investment income | $9,820 |
| 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 | $1,007,358 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,050 |
| 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 | $89,356 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,133 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $10,559 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $30,211 |
| Travel | $4,939 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $453,698 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,021 |
| All other expenses | $2,025 |
| Total functional expenses | $627,944 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $480,191 |
| Savings and temporary cash investments | $2,977,593 |
| 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 | $5,050 |
| Total assets | $3,462,834 |
| 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 | $692 |
| Total liabilities | $692 |
| Net assets without donor restrictions | $3,239,086 |
| Net assets with donor restrictions | $223,056 |
| 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 | $3,462,834 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dallas Black Dance Theatre Dallas, TX | $3,130,150 | $4,819,312 |
Bruce Wood Dance Co Inc Dallas, TX | $470,098 | $915,210 |
Kids Excel El Paso Inc El Paso, TX | $1,016,521 | $451,099 |
Dance Masters Of America Inc Metairie, LA | $3,462,834 | $1,007,358 |
Allison Orr Dance Inc Austin, TX | $649,640 | $528,274 |
Houston International Dance Coalition Houston, TX | $3,138 | $445,736 |
Dancing Grounds New Orleans, LA | $219,080 | $454,789 |
Open Dance Project Houston, TX | $419,792 | $565,384 |
Visions In Rhythm Austin, TX | $312,220 | $383,155 |
Cangelosi Dance Project Inc Baton Rouge, LA | $106,357 | $398,475 |
Blue Lapis Light Inc Austin, TX | $940,088 | $434,212 |
Shreveport Metropolitan Ballet Shreveport, LA | $150,642 | $444,525 |