American Dance Festival Inc
- Assets
- $15.8m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 16
- Location
- Durham, NC
- Founding
- 03/1976
- Data as of
- 09/2021
- EIN
- 06-0932294
Organization Overview
American Dance Festival Inc is located in Durham, NC. The organization was established in 1976. 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 09/2021, American Dance Festival Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Dance Festival 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 09/2021, American Dance Festival Inc generated $2.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $1.8m during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (11.1%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ENCOURAGE AND SUPPORT THE CREATION OF NEW MODERN DANCE WORK.
Describe the Organization's Program Activity:
TO ENCOURAGE AND SUPPORT THE CREATION OF NEW MODERN DANCE WORK BY BOTH ESTABLISHED AND EMERGING CHOREOGRAPHERS; TO PRESERVE OUR MODERN DANCE HERITAGE THROUGH CONTINUED PRESENTATION OF CLASSIC WORKS, AS WELL AS THROUGH ARCHIVAL EFFORTS; AND TO BUILD WIDER NATIONAL AND INTERNATIONAL AUDIENCES FOR MODERN DANCE. PERFORMANCES WERE HELD OUTSIDE THROUGHOUT THE SUMMER AND FALL, BUT ON A MUCH SMALLER SCALE THAN NON-PANDEMIC YEARS. THERE WERE ALSO A FEW VIRTUAL PROGRAMS.
TO PROVIDE A SOUND SCIENTIFIC AND AESTHETIC BASE FOR PROFESSIONAL EDUCATION AND TRAINING OF DANCERS AND A FORUM FOR INTEGRATING AND DISSEMINATING INFORMATION OF DANCE EDUCATION. BECAUSE OF THE PANDEMIC, ADF WAS ONLY ABLE TO HOLD A LIMITED NUMBER OF VIRTUAL INTENSIVES AND CLASSES.
TO ENHANCE PUBLIC UNDERSTANDING AND APPRECIATION OF THE ART FORM AND ITS CULTURAL AND HISTORICAL SIGNIFICANCE. BECAUSE OF THE PANDEMIC, ADF HAD TO CLOSE THEIR OFFICE AND STUDIO. LIMITED VIRTUAL CLASSES AND PROGRAMS WERE HELD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jodee Nimerichter Executive Director/president | OfficerTrustee | 40 | $178,560 |
Cynthia Wyse Director Of Administration | Officer | 40 | $91,570 |
Charles L Reinhart Director Emeritus | OfficerTrustee | 1 | $0 |
Curt C Myers Chairman | OfficerTrustee | 1 | $0 |
Rebecca Elvin Board Member, Secretary (until 9/21) | OfficerTrustee | 1 | $0 |
Nancy P Carstens Board Member, Secretary (from 9/21) | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $839,497 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,057,231 |
| Noncash contributions included in lines 1a–1f | $20,290 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,896,728 |
| Total Program Service Revenue | $209,000 |
| Investment income | $167,752 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $412,401 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $13,918 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,712,778 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $21,618 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $351,974 |
| Compensation of current officers, directors, key employees. | $81,931 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $356,546 |
| Pension plan accruals and contributions | $13,436 |
| Other employee benefits | $53,756 |
| Payroll taxes | $47,360 |
| 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 | $132,157 |
| Fees for services: Other | $61,685 |
| Advertising and promotion | $8,952 |
| Office expenses | $19,638 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $52,692 |
| Travel | $47,514 |
| 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 | $39,540 |
| Insurance | $32,295 |
| All other expenses | $3,651 |
| Total functional expenses | $1,799,625 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $826,328 |
| Savings and temporary cash investments | $755,182 |
| Pledges and grants receivable | $245,725 |
| Accounts receivable, net | $61,485 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $31,951 |
| Prepaid expenses and deferred charges | $14,602 |
| Net Land, buildings, and equipment | $983,065 |
| Investments—publicly traded securities | $12,928,924 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $15,847,262 |
| Accounts payable and accrued expenses | $44,568 |
| 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 | $175,797 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $220,365 |
| Net assets without donor restrictions | $3,088,076 |
| Net assets with donor restrictions | $12,538,821 |
| 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 | $15,847,262 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that American Dance Festival Inc has recieved totaling $8,500.
| Awarding Organization | Amount |
|---|---|
Charles And Joan Gross Family Foundation New York, NY PURPOSE: GENERAL OPERATING PURPOSES | $8,500 |
Endowment Analysis
| Beg. Balance | $9,623,849 |
| Earnings | $2,280,368 |
| Net Contributions | $523,815 |
| Other Expense | $385,161 |
| Ending Balance | $12,042,871 |
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 |
Balletnova Center For Dance Falls Church, VA | $833,761 | $1,554,598 |
Manassas Performing Arts Inc Manassas, VA | $724,787 | $1,117,040 |
Ballet Virginia Norfolk, VA | $278,042 | $1,188,298 |
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 |
Dancefx Athens, GA | $335,029 | $831,128 |
Chattanooga Ballet Inc Chattanooga, TN | $572,721 | $813,307 |