Velocity Dance Center
- Assets
- $264.3k
- Revenue
- $506.9k
- Investments
- $0.0
- Employees
- 6
- Location
- Seattle, WA
- Founding
- 08/2000
- Data as of
- 12/2021
- EIN
- 91-2030037
Organization Overview
Velocity Dance Center is located in Seattle, WA. The organization was established in 2000. According to its NTEE Classification (A6E) the organization is classified as: Performing Arts Schools, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Velocity Dance Center employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Velocity Dance Center 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, Velocity Dance Center generated $506.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.3%) each year. All expenses for the organization totaled $235.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (16.6%) per year over the past 7 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
VELOCITY IS SEATTLE'S CENTER DEDICATED TO CONTEMPORARY DANCE. EVERYDAY WE SUPPORT AND ADVANCE ARTISTS AND EMERGING IDEAS THROUGH COMMISSIONING, PRESENTING, RESIDENCIES, CREATIVE EXCHANGE AND ACCESS TO SPACE, FUNDING, SCHOLARSHIPS, EMPLOYMENT AND TOURING OPPORTUNITIES. WE PROVIDE QUALITY MOVEMENT EDUCATION TO DANCERS FROM BEGINNERS TO PROFESSIONAL, IN A BROAD RANGE OF MOVEMENT STYLES. WE PRODUCE PROGRAMS THAT INTRODUCE AUDIENCES TO A WIDE SPECTRUM OF CONTEMPORARY DANCE PRACTICES AND AESTHETICS AND BRING TOGETHER REGIONAL TALENT AND WORLD CLASS INNOVATORS. WE PROVIDE OUTREACH AND HUMANITIES PROGRAMS THAT ENGAGE MINDS AND INSPIRE PARTICIPATION, WHILE PROMOTING CROSS-DISCIPLINARY DIALOG AND MEANINGFUL LINKS BETWEEN ARTISTS AND THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUMMER FESTIVALS: SFD+I 2021 CONTAINED OVER 100 ONLINE AND IN-PERSON CLASSES, INTENSIVES, PERFORMANCES AND EVENTS, LED BY OVER 45 ARTISTS, AND SERVING 1,500 PEOPLE. THIS YEAR PROGRAMMING INCLUDED THE PREMIERE OF WILL RAWLS EVERLASTING STRANGER; JASMINE HEARNS A PATIENT PRACTICE IN SEATTLES OCCIDENTAL SQUARE; AND DIGITAL INTENSIVES AND PERFORMANCES WITH NATIONALLY RENOWNED FACULTY.
PERFORMANCE: IN 2021 MANY OF OUR VELOCITY PRESENTS PERFORMANCE PROGRAMMING WAS ONLINE AND OUTSIDE. NOTABLE PROGRAMS INCLUDE A CO-PRESENTED PREMIERE OF UTOPIA:SPACE BY COMMONFORM, IN PARTNERSHIP WITH THE FREEWAY PARK ASSOCIATION, EXPERIENCED BY OVER 450 AUDIENCE-MEMBERS; NIGHTLIGHT, A MONTHLY HYBRID MUSIC AND DANCE PROGRAM CO-CURATED BY FOX WHITNEY AND MOONYKA, WHICH REACHED 230 AUDIENCE-MEMBERS; AND PORTALS: PANDEMIC DANCES, WHICH WAS A 5-ARTIST MIXED PROGRAM THAT HAD OUTDOOR AND STAGED ITERATIONS.
STUDIO/THEATER OPERATION AND ON-GOING CLASSES: VELOCITY'S ONGOING EDUCATION PROGRAMS CONTINUED ONLINE, WITH NEARLY 2500 PARTICIPANTS TAKING PART IN ONLINE DANCE CLASSES IN A DIVERSE RANGE OF FORMS SERVING PARTICIPANTS FROM BEGINNING THROUGH PROFESSIONAL. NOTABLE WORKSHOPS INCLUDED IMPROVISATIONAL PRACTICES WITH HIJACK, QUEEN TUTTS WITH MOONYEKA, AND FIELD SESSION CRITICAL DISCOURSE WORKSHOPS WITH VANESSA DEWOLF.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fox Whitney Interim Art Dir | Officer | 30 | $25,014 |
Erin Johnson Interim Mng Dir | Officer | 30 | $19,159 |
Urvi Narang Treasurer | OfficerTrustee | 3 | $0 |
Elizabeth Bello Secretary | OfficerTrustee | 3 | $0 |
Elizabeth Houlton President | OfficerTrustee | 3 | $0 |
Colleen Borst Vice President | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $11,364 |
| Fundraising events | $31,068 |
| Related organizations | $0 |
| Government grants | $344,733 |
| All other contributions, gifts, grants, and similar amounts not included above | $79,202 |
| Noncash contributions included in lines 1a–1f | $15,546 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $466,367 |
| Total Program Service Revenue | $43,964 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$148 |
| Net Income from Fundraising Events | -$4,886 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,545 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $506,879 |
| 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. | $54,864 |
| Compensation of current officers, directors, key employees. | $12,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $47,968 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,882 |
| Payroll taxes | $8,558 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,145 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $54,545 |
| Advertising and promotion | $0 |
| Office expenses | $1,590 |
| Information technology | $13,972 |
| Royalties | $0 |
| Occupancy | $8,914 |
| Travel | $4,275 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $820 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,583 |
| Insurance | $2,879 |
| All other expenses | $765 |
| Total functional expenses | $235,660 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $256,100 |
| Savings and temporary cash investments | $2,442 |
| Pledges and grants receivable | $394 |
| Accounts receivable, net | $3,784 |
| 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 | $1,590 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $264,310 |
| Accounts payable and accrued expenses | $5,563 |
| 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 | $28,230 |
| Other liabilities | $0 |
| Total liabilities | $33,793 |
| Net assets without donor restrictions | $163,593 |
| Net assets with donor restrictions | $66,924 |
| 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 | $264,310 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Velocity Dance Center has recieved totaling $49,019.
| Awarding Organization | Amount |
|---|---|
Western States Arts Federation Denver, CO PURPOSE: SUBAWARDS | $43,839 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $5,180 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Northwest Childrens Theater And School Inc Portland, OR | $1,969,323 | $1,602,828 |
Northwest Professional Dance Project Portland, OR | $1,772,788 | $1,279,998 |
Music Works Northwest Bellevue, WA | $253,683 | $942,488 |
Ethos Inc Portland, OR | $1,454,678 | $764,997 |
Cascade School Of Music Bend, OR | $235,528 | $872,604 |
Icicle Creek Center Of The Arts Leavenworth, WA | $675,620 | $835,634 |
Youth Theater Northwest Mercer Island, WA | $383,938 | $649,841 |
Portland Actors Conservatory Portland, OR | $638,521 | $619,939 |
Jazz Night School Seattle, WA | $363,962 | $459,108 |
Chehalis Ballet Center Chehalis, WA | $507,730 | $283,545 |
Velocity Dance Center Seattle, WA | $264,310 | $506,879 |
Rock N Roll Camp For Girls Portland, OR | $31,284 | $191,200 |