Royal Academy Of Dancing
- Assets
- $359.6k
- Revenue
- $544.6k
- Investments
- $0.0
- Employees
- 2
- Location
- Milwaukee, WI
- Founding
- 08/1966
- Data as of
- 07/2022
- EIN
- 22-1941893
Organization Overview
Royal Academy Of Dancing is located in Milwaukee, WI. The organization was established in 1966. 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 07/2022, Royal Academy Of Dancing employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Royal Academy Of Dancing 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 07/2022, Royal Academy Of Dancing generated $544.6k 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 (3.6%) each year. All expenses for the organization totaled $459.3k during the year ending 07/2022. As we would expect to see with falling revenues, expenses have declined by (5.4%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE KNOWLEDGE, UNDERSTANDING AND PRACTICE OF DANCE INTERNATIONALLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTION, KNOWLEDGE, UNDERSTANDING AND PRACTICE OF DANCE INTERNATIONALLY THROUGH EDUCATING AND TRAINING STUDENTS AND TEACHERS AND PROVIDING EXAMINATIONS TO REWARD ACHIEVEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Darcey Bussell President | OfficerTrustee | 40 | $0 |
Guy Perricone Chairman | OfficerTrustee | 40 | $0 |
Tim Arthur CEO | OfficerTrustee | 40 | $0 |
Esther Mclaughlin Dir Fndrs & Dev | Trustee | 40 | $0 |
Melanie Murphy Dir. Marketing | Trustee | 40 | $0 |
Gerard Charles Artistic Dir. | Trustee | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $185 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $185 |
| Total Program Service Revenue | $511,554 |
| Investment income | $1 |
| 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 | $32,878 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $544,618 |
| 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 | $133,048 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,893 |
| Payroll taxes | $10,178 |
| Fees for services: Management | $22,286 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,742 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $543 |
| Advertising and promotion | $0 |
| Office expenses | $1,625 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,645 |
| Travel | $58,961 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $81 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,464 |
| Insurance | $3,105 |
| All other expenses | $21,301 |
| Total functional expenses | $459,257 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $133,872 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,061 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $57,504 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,401 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $161,773 |
| Total assets | $359,611 |
| Accounts payable and accrued expenses | $3,508 |
| 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 | $199,606 |
| Total liabilities | $203,114 |
| Net assets without donor restrictions | $156,497 |
| 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 | $359,611 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hubbard Street Dance Chicago Inc Chicago, IL | $12,598,821 | $6,117,645 |
National Exercise Trainers Association Minneapolis, MN | $2,492,373 | $1,220,485 |
Eisenhower Dance Ensemble Southfield, MI | $683,933 | $1,458,956 |
Forward Momentum Chicago Nfp Chicago, IL | $1,599,320 | $1,315,420 |
Red Clay Dance Company Inc Chicago, IL | $1,156,212 | $1,562,748 |
Ceilings And Interior Systems Construction Association Oak Brook, IL | $888,103 | $997,301 |
Danceworks Inc Milwaukee, WI | $878,331 | $1,224,253 |
Deeply Rooted Productions Inc Chicago, IL | $878,711 | $940,049 |
Extensions Dance Co Chicago, IL | $80,237 | $618,505 |
Chicago Human Rhythm Project Chicago, IL | $1,351,849 | $983,010 |
Madison Ballet Inc Madison, WI | $2,499,145 | $1,057,651 |
Tu Dance St Paul, MN | $734,891 | $911,910 |