Owensboro Dance Theater Inc
- Assets
- $290.9k
- Revenue
- $328.0k
- Investments
- $0.0
- Employees
- 8
- Location
- Owensboro, KY
- Founding
- 07/1984
- Data as of
- 06/2023
- EIN
- 61-1040701
Organization Overview
Owensboro Dance Theater Inc is located in Owensboro, KY. 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 06/2023, Owensboro Dance Theater Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Owensboro Dance Theater 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 06/2023, Owensboro Dance Theater Inc generated $328.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $349.4k during the year ending 06/2023. While expenses have increased by 3.3% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
INCORPORATE THE VARIOUS GENRES OF DANCE, OWENSBORO DANCE THEATRE, INC PROVIDES PROFESSIONAL DANCE INSTRUCTION AND QUALITY DANCE PERFORMANCE TO THE TRI-STATE AREA AND ALSO SEEKS TO EDUCATE AND EXPAND THE COMMUNITY'S KNOWLEDGE AND APPRECIATION OF DANCE AS AN ART FORM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PERFORMANCES AND SERVICES FOR THE AREA'S SCHOOLS AND PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andy Boggess Board Member | Trustee | 1 | $0 |
Chris Castlen Board Member | Trustee | 1 | $0 |
Bridget Burshears Board Member | Trustee | 1 | $0 |
Tina Edge Board Member | Trustee | 1 | $0 |
Meghan Johnson Board Member | Trustee | 1 | $0 |
Libby Johnson Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $26,093 |
| All other contributions, gifts, grants, and similar amounts not included above | $115,174 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $141,267 |
| Total Program Service Revenue | $167,589 |
| Investment income | $3,160 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $9,096 |
| Net Income from Gaming Activities | $6,912 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $328,024 |
| 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 | $92,357 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,950 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,016 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $83,066 |
| Advertising and promotion | $27,707 |
| Office expenses | $7,090 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $21,285 |
| 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 | $1,080 |
| Insurance | $3,481 |
| All other expenses | $28,882 |
| Total functional expenses | $349,413 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $197,521 |
| 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 | $6,810 |
| Investments—publicly traded securities | $86,563 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $290,894 |
| Accounts payable and accrued expenses | $74 |
| Grants payable | $0 |
| Deferred revenue | $8,500 |
| 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 | $0 |
| Total liabilities | $8,574 |
| Net assets without donor restrictions | $264,414 |
| Net assets with donor restrictions | $17,906 |
| 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 | $290,894 |