Dancefx
- Assets
- $335.0k
- Revenue
- $831.1k
- Investments
- $0.0
- Employees
- 8
- Location
- Athens, GA
- Founding
- 10/2001
- Data as of
- 07/2021
- EIN
- 58-2574649
Organization Overview
Dancefx is located in Athens, GA. The organization was established in 2001. 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 07/2021, Dancefx employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dancefx 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 07/2021, Dancefx generated $831.1k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $785.3k during the year ending 07/2021. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
DANCEFX IS DEDICATED TO BRINGING PROFESSIONAL QUALITY, CUTTING EDGE DANCE TO THE SOUTHEAST WHILE PROVIDING A CONTINUING DANCE EDUCATION AND PERFORMANCE OUTLET FOR DANCERS AND ARTISTS TO EXPRESS THEMSELVES CREATIVELY THROUGH PROGRAMS OFFERED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE DANCEFX STUDIO PROGRAMS FOR ADULTS AND YOUTH DANCERS PROVIDES QUALITY DANCE EDUCATION AND HEALTHY PHYSICAL EXERCISE TO OVER 650 YOUTH AND ADULTS. CLASSES ARE PROVIDED FOR YOUTH DANCERS, ADULTS WHO HAVE NEVER DANCED BEFORE, AS WELL AS DANCERS WISHING TO PURSUE DANCE AND THE ARTS AS A PROFESSION. SCHOLARSHIPS ARE AWARDED TO UNDERPRIVELIDGED YOUTH AND ADULTS IN NEED. DANCEFX ALSO PROVIDES LOCAL DANCERS AND STUDENTS WITH QUALITY DANCE APPAREL, SUPPLIES, AND CORRECT SHOE FITTINGS ESSENTIAL TO THE HEALTH OF YOUNG GROWING FEET.
SHOWS AND COMPETITIONS: DANCEFX PROVIDES THE COMMUNITY WITH AN ENRICHING OPPORTUNITY TO EXPERIENCE QUALITY DANCE IN A PROFESSIONAL SETTING VIA ATHENS, ATLANTA, AND CHARLESTON PERFORMANCES, FESTIVALS, MASTER CLASSES, AND CONCERTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allison Smith President/ex | OfficerTrustee | 40 | $43,941 |
Kaitlin R Butcher Youth Progra | OfficerTrustee | 40 | $38,000 |
Emily Eddington Operations D | OfficerTrustee | 40 | $38,000 |
Payton Mccarty Atlanta Mana | OfficerTrustee | 40 | $38,000 |
Shawn Butcher Secretary Tr | OfficerTrustee | 5 | $0 |
Lorien Talmadge Vice Preside | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $22,100 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,454 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,554 |
| Total Program Service Revenue | $778,345 |
| 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 | $24,229 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $831,128 |
| 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. | $157,941 |
| Compensation of current officers, directors, key employees. | $56,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $62,376 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $18,084 |
| Payroll taxes | $15,944 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $99,260 |
| Advertising and promotion | $41 |
| Office expenses | $4,861 |
| Information technology | $6,416 |
| Royalties | $0 |
| Occupancy | $231,536 |
| Travel | $2,454 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,335 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,699 |
| Insurance | $16,537 |
| All other expenses | $17,680 |
| Total functional expenses | $785,323 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $215,882 |
| 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 | $67,356 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $51,791 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $335,029 |
| Accounts payable and accrued expenses | $4,938 |
| 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 | $33,102 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $149,900 |
| Total liabilities | $187,940 |
| Net assets without donor restrictions | $147,089 |
| 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 | $335,029 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Dancefx has recieved totaling $69.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $69 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Charlotte Ballet Charlotte, NC | $20,235,608 | $4,763,253 |
American Dance Festival Inc Durham, NC | $15,847,262 | $2,712,778 |
Collage Dance Collective Inc Memphis, TN | $12,261,946 | $4,794,210 |
New Ballet Ensemble Memphis, TN | $2,810,421 | $1,613,011 |
Miami Dance Project Inc Miami, FL | $244,845 | $1,001,532 |
Several Dancers Core Inc Decatur, GA | $510,518 | $925,008 |
Broadway Dreams Foundation Corporation Alpharetta, GA | $370,059 | $1,061,609 |
Ballet Spartanburg Inc Spartanburg, SC | $819,790 | $819,483 |
Dance Alive Inc Gainesville, FL | $122,284 | $818,209 |
Dancefx Athens, GA | $335,029 | $831,128 |
The Sarasota Cuban Ballet School Inc Sarasota, FL | $335,930 | $925,973 |
Chattanooga Ballet Inc Chattanooga, TN | $572,721 | $813,307 |