Lubovitch Dance Foundation Inc
- Assets
- $302.2k
- Revenue
- $291.8k
- Investments
- $0.0
- Employees
- 5
- Location
- New York, NY
- Founding
- 06/1972
- Data as of
- 06/2023
- EIN
- 13-2677232
Organization Overview
Lubovitch Dance Foundation Inc, operating under the name Lar Lubovitch Dance Company, is located in New York, NY. The organization was established in 1972. 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, Lar Lubovitch Dance Company employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lar Lubovitch Dance Company 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, Lar Lubovitch Dance Company generated $291.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $314.1k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (1.7%) per year over the past 4 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
CREATION, TEACHING AND PERFORMANCE OF CONTEMPORARY DANCE
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PROGRAM WAS ESTABLISHED IN 1968 TO REALIZE THE ARTISTIC VISION OF LAR LUBOVITCH. OVER THE PAST 55 YEARS IT HAS GAINED AN INTERNATIONAL REPUTATION AS ONE OF AMERICA'S TOP-RANKED DANCE COMPANIES CELEBRATED FOR BOTH ITS CHOREOGRAPHIC EXCELLENCE AND ITS UNSURPASSED DANCING. IT HAS CREATED MORE THAN 120 ORIGINAL DANCES BY LAR LUBOVITCH, AND HAS PERFORMED FOR MILLIONS OF AUDIENCE MEMBERS ACROSS THE US AND IN MORE THAN 40 OTHER COUNTRIES AROUND THE WORLD. THE COMPANY'S PRINCIPAL PROGRAMS ARE: CREATING, PERFORMING (AT HOME IN NYC AND ON TOUR), FACILITATING PERFORMANCES OF OUR WORKS BY OTHER COMPANIES, PRESENTING OTHER COMPANIES PERFORMING THEIR OWN WORKS AND TEACHING. THE COMPANY'S WORK HAS BEEN HONORED WITH VIRTUALLY EVERY MAJOR DANCE AWARD.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard J Caples Executive Director/chief Financial Officer | OfficerTrustee | 60 | $99,970 |
Lar Lubovitch Artistic Director | OfficerTrustee | 40 | $22,470 |
Lewis R Steinberg President | OfficerTrustee | 2 | $0 |
Dale L Ponikvar Vice President | OfficerTrustee | 2 | $0 |
Ronald Creamer Jr Treasurer (resigned In July 2022) | OfficerTrustee | 2 | $0 |
Beth Tractenberg Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $117,340 |
| All other contributions, gifts, grants, and similar amounts not included above | $97,677 |
| Noncash contributions included in lines 1a–1f | $1,200 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $215,017 |
| Total Program Service Revenue | $76,459 |
| Investment income | $43 |
| 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 | $291,846 |
| 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. | $33,200 |
| Compensation of current officers, directors, key employees. | $13,280 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $57,301 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $49,673 |
| Payroll taxes | $9,191 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,125 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,526 |
| Advertising and promotion | $894 |
| Office expenses | $2,425 |
| Information technology | $0 |
| Royalties | $67,050 |
| Occupancy | $19,539 |
| Travel | $45,933 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,500 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,033 |
| Insurance | $0 |
| All other expenses | $910 |
| Total functional expenses | $314,117 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $246,486 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $26,465 |
| 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 | $1,188 |
| Net Land, buildings, and equipment | $19,080 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,000 |
| Total assets | $302,219 |
| Accounts payable and accrued expenses | $5,325 |
| 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 | $5,325 |
| Net assets without donor restrictions | $296,894 |
| 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 | $302,219 |