The Institute For Dance Inc
- Assets
- $120.3k
- Revenue
- $373.6k
- Investments
- $0.0
- Employees
- 23
- Location
- Williamsburg, VA
- Founding
- 04/1979
- Data as of
- 12/2021
- EIN
- 51-0227086
Organization Overview
The Institute For Dance Inc is located in Williamsburg, VA. The organization was established in 1979. 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 12/2021, Institute For Dance Inc employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Institute For Dance 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, Institute For Dance Inc generated $373.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $370.8k during the year ending 12/2021. While expenses have increased by 0.2% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EXCELLENT DANCE INSTRUCTION FOR STUDENTS AND HIGH QUALITYPRODUCTIONS FOR THE COMMUNITY. A RECITAL IS PRESENTED TO THE COMMUNITYEACH JUNE TO SHOWCASE THE TALENTS OF THE STUDENTS IN ADDITION TO A HOLIDAY SHOW AND OTHER LOCAL PERFORMANCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OFFERED AND CONDUCTED A VARIETY OF DANCE CLASSES INCLUDING BALLET, JAZZ, MODERN, LYRICAL,HOP HOP AND TAP. CLASSES ARE TAUGHT TO STUDENTS RANGING FROM AGE THREE TO ADULT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rebecca Latourell Secretary | Officer | 3 | $0 |
Shannon Rickert President | Officer | 20 | $0 |
Richard Paulk Treasurer | Officer | 3 | $0 |
Alison Broaddus Vice President | Officer | 5 | $0 |
Pete Peterson Director | Trustee | 3 | $0 |
Kathy Palmo Studio Director | Trustee | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $366,300 |
| Fundraising events | $7,306 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $373,606 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $373,606 |
| 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. | $77,932 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $91,618 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,817 |
| 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 | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,296 |
| Office expenses | $865 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $135,536 |
| Travel | $0 |
| 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 | $3,677 |
| Insurance | $1,420 |
| All other expenses | $31,628 |
| Total functional expenses | $370,812 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $66,530 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $46,541 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,200 |
| Total assets | $120,271 |
| Accounts payable and accrued expenses | $0 |
| 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 | $4,787 |
| Total liabilities | $4,787 |
| Net assets without donor restrictions | $98,616 |
| Net assets with donor restrictions | $16,868 |
| 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 | $120,271 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Institute For Dance Inc has recieved totaling $114.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $114 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kentucky Dance Council Inc Louisville, KY | $2,461,900 | $4,767,462 |
Charlotte Ballet Charlotte, NC | $20,235,608 | $4,763,253 |
Citydance Ensemble Inc Washington, DC | $1,953,185 | $3,842,336 |
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 |
Step Afrika U S A Incorporated Washington, DC | $3,149,016 | $2,992,440 |
Manassas Performing Arts Inc Manassas, VA | $724,787 | $1,117,040 |
The International Association Of Blacks In Dance Inc Silver Spring, MD | $3,311,159 | $2,206,370 |
Ballet Virginia Norfolk, VA | $278,042 | $1,188,298 |
Joy Of Motion Dance Center Inc Washington, DC | $251,861 | $718,300 |