Drop Dance Studio Inc
- Assets
- $29.4k
- Revenue
- $86.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Tucson, AZ
- Founding
- Data as of
- 12/2021
- EIN
- 85-2381590
Organization Overview
Drop Dance Studio Inc is located in Tucson, AZ. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, 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. Drop Dance Studio 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 12/2021, Drop Dance Studio Inc generated $86.7k in total revenue. All expenses for the organization totaled $59.9k during the year ending 12/2021. While expenses have increased by 97.0% per year over the past 2 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FREE STREET DANCE CLASSES TO THE YOUTH IN THE COMMUNITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ruben Dorame Leon Director | 40 | $2,800 | |
Monique Dorame Director | 20 | $1,298 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $25,352 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $61,336 |
| Total Revenue | $86,688 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $4,098 |
| Other employee salaries and wages | $13,951 |
| Pension plans, employee benefits | $2,798 |
| Interest | $0 |
| Taxes | $1,431 |
| Depreciation | $0 |
| Occupancy | $30,382 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,225 |
| Total operating and administrative expenses | $59,885 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $59,885 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,902 |
| Savings and temporary cash investments | $525 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $23,000 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $29,427 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Drop Dance Studio Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Arts Foundation For Tucson And Southern Arizona Tucson, AZ PURPOSE: EMERGENCY RELIEF FUNDS FOR ARTS AND CULTURE | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Yerba Buena Center For The Arts San Francisco, CA | $31,419,770 | $23,544,531 |
Festival Of Arts Of Laguna Beach Laguna Beach, CA | $11,626,110 | $10,814,120 |
Wallis Annenberg Center For The Performing Arts Beverly Hills, CA | $86,738,826 | $10,256,946 |
Immigration Institute Of The Bay Area San Francisco, CA | $7,526,224 | $6,922,510 |
Montalvo Association Saratoga, CA | $34,273,816 | $7,481,073 |
First Step Housing Sacramento, CA | $1,058,195 | $4,450,714 |
The Center For Cultural Innovation Los Angeles, CA | $15,572,704 | $5,971,325 |
Alliance For California Traditional Arts Fresno, CA | $2,645,027 | $4,730,784 |
Gray Area Foundation For The Arts San Francisco, CA | $1,951,369 | $4,455,887 |
The Society For The Promotion Of Japanese Animation Corona, CA | $13,619,220 | $9,492,860 |
Community Works West Inc Oakland, CA | $4,260,482 | $3,855,581 |
Mijente Support Committee Phoenix, AZ | $11,714,923 | $5,386,402 |