Dance Initiative Inc
- Assets
- $90.7k
- Revenue
- $92.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Carbondale, CO
- Founding
- 05/2016
- Data as of
- 12/2022
- EIN
- 81-1805989
Organization Overview
Dance Initiative Inc is located in Carbondale, CO. The organization was established in 2016. According to its NTEE Classification (A62) the organization is classified as: Dance, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dance Initiative 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, Dance Initiative Inc generated $92.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $119.0k during the year ending 12/2022. While expenses have increased by 6.7% 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
DANCE INITIATIVE SUPPORTS THE ART AND CREATION OF DANCE THROUGH EDUCATION, COLLABORATION AND PRESENTATION, CREATING ACCESS TO ART AND EXPRESSION FOR RESIDENCE IN THE ROARING FORK VALLEY OF COLORADO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMOTION IS A CONTEMPORARY DANCE PROJECT, PRODUCED AND SUPPORTED BY DANCE INITIATIVE, THAT STRIVES TO DEVELOP MULTIDIMENSIONAL WORKS AND EXPLORE CREATIVE BOUNDARIES THROUGH COLLABORATION. COMOTION CREATES REPERTOIRE THAT EDUCATES AND INSPIRES A PASSION FOR THE ART OF DANCE WHILE ALSO PROVIDING A TRANSFORMATIVE PERFORMING ARTS EXPERIENCE FOR PATRONS.
DANCE ASPEN ENRICHES THE ROARING FORK COMMUNITY THROUGH LOCALLY-BASED CURATIONS OF HIGH CALIBRE DANCE. DANCE INITIATIVE IS A FISCAL SPONSOR OF DANCE ASPEN.
DANCE INITIATIVE BRINGS A VARIETY OF WORLD-CLASS DANCE INTO SCHOOLS AND OTHER VENUES IN THE ROARING FORK VALLEY, CO THROUGH A VARIETY OF PROGRAMS. DI HOPES TO INSPIRE, EDUCATE, AND SPARK NEW APPRECIATE FOR DANCE AMOUNG THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dana Ellis President And Director | Officer | 1 | $0 |
Claudia Pawl Director | Officer | 1 | $0 |
Tiffany Mangulabnan Secretary And Director | Officer | 1 | $0 |
Helanius J Wilkins Director | Officer | 1 | $0 |
Karin Bannerot Director | Officer | 1 | $0 |
Lucy Moncada Director | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $12,890 |
| All other contributions, gifts, grants, and similar amounts not included above | $64,550 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $77,440 |
| Total Program Service Revenue | $15,473 |
| Investment income | $19 |
| 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 | $92,932 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $5,530 |
| Office expenses | $2,427 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $512 |
| Travel | $605 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $657 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,795 |
| Insurance | $1,251 |
| All other expenses | $18,026 |
| Total functional expenses | $118,983 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $83,424 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$2,564 |
| 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 | $9,804 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $90,664 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $90,664 |
| 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 | $90,664 |