The Dance Exchange Inc
- Assets
- $925.6k
- Revenue
- $492.0k
- Investments
- $0.0
- Employees
- 8
- Location
- Takoma Park, MD
- Founding
- 02/1998
- Data as of
- 06/2021
- EIN
- 52-1076232
Organization Overview
The Dance Exchange Inc is located in Takoma Park, MD. The organization was established in 1998. 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 06/2021, Dance Exchange Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dance Exchange 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 06/2021, Dance Exchange Inc generated $492.0k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $514.1k during the year ending 06/2021. While expenses have increased by 3.3% per year over the past 6 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
DANCE EXCHANGE IS A COMPANY OF ARTISTS THAT CREATES DANCE AND ENGAGES PEOPLE IN MAKING ART.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CREATION OF NEW WORK THROUGH PUBLIC DANCE PERFORMANCES, RESIDENCY PROGRAMS, WORKSHOPS, AND INSTITUTES OFFERED AND PRESENTED AT VARIOUS SITES LOCALLY AND AROUND THE WORLD. THEMES OF PERFORMANCES AND INTERGENERATIONAL COMMUNITY-BASED PROJECTS INCLUDE RELATIONSHIP TO ENVIRONMENT, CREATIVE AGING, AND ISSUES OF SOCIAL JUSTICE, INVITING MULTIPLE VOICES TO CONNECT AND CREATE AROUND A SHARED HISTORY, PLACE OR PASSION.
SHARING ART-MAKING TECHNIQUES AND TOOLS WITH LOCAL, NATIONAL, AND INTERNATIONAL ARTISTS AND CHOREOGRAPHERS THROUGH WEEKLY CLASSES, PUBLIC EVENTS, INTERACTIVE EXPERIENCES, AND INSTITUTES. USING PRACTICES FROM THE DANCE EXCHANGE TOOLBOX, LIZ LERMAN'S CRITICAL RESPONSE PROCESS AND CASSIE MEADOR'S MOVING FIELD GUIDES, DANCE EXCHANGE ENGAGES PARTICIPANTS OF ALL AGES IN DISCUSSIONS ABOUT CREATIVE RESEARCH THAT BRIDGES ARTISTS, SCIENTISTS, COMMUNITY MEMBERS, HISTORIANS AND TEACHERS.
PROVIDING A CREATIVE AND COMMUNITY HUB IN TAKOMA PARK FOR OVER 150 SMALL CREATIVE ARTS BUSINESSES WHO RENT STUDIO SPACE TO CODUCT CLASSES AND HOST REHEARSALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Silvia Roberts Director Of Operations And | Officer | 40 | $51,875 |
Mary C Meador Executive Artistic Directo | Officer | 40 | $48,611 |
Erica Bondarev Rapach Chair | OfficerTrustee | 5 | $0 |
Elliot Maxwell Secretary | OfficerTrustee | 5 | $0 |
Deborah Riley Treasurer | OfficerTrustee | 5 | $0 |
Martha Head Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $59,811 |
| All other contributions, gifts, grants, and similar amounts not included above | $366,963 |
| Noncash contributions included in lines 1a–1f | $3,464 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $426,774 |
| Total Program Service Revenue | $37,579 |
| Investment income | $38 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $23,566 |
| Net Gain/Loss on Asset Sales | $27 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,597 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $492,006 |
| 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. | $92,841 |
| Compensation of current officers, directors, key employees. | $19,592 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $114,804 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,798 |
| Payroll taxes | $19,972 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $32,466 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,596 |
| Office expenses | $34,128 |
| Information technology | $0 |
| Royalties | $3,548 |
| Occupancy | $0 |
| Travel | $114 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $14,965 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $55,057 |
| Insurance | $11,941 |
| All other expenses | $0 |
| Total functional expenses | $514,130 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,157 |
| Savings and temporary cash investments | $170,035 |
| Pledges and grants receivable | $2,450 |
| Accounts receivable, net | $536 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,821 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $702,529 |
| Investments—publicly traded securities | $69 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $925,597 |
| Accounts payable and accrued expenses | $2,221 |
| Grants payable | $0 |
| Deferred revenue | $14,000 |
| 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 | $396,102 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $56,490 |
| Total liabilities | $468,813 |
| Net assets without donor restrictions | $456,784 |
| 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 | $925,597 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that The Dance Exchange Inc has recieved totaling $250,028.
| Awarding Organization | Amount |
|---|---|
Andrew W Mellon Foundation New York, NY PURPOSE: TO SUPPORT THE DEVELOPMENT OF AN ARTISTIC LEGACY PROJECT THAT WOULD CAPTURE THE PROCESSES, METHODS, AND TECHNIQUES OF MULTIDIMENSIONAL ARTISTS | $150,000 |
Arts And Humanities Council Of Montgomery County In Silver Spring, MD PURPOSE: GENERAL OPERATING SUPPORT & ADVANCEMENT GRANT | $55,000 |
Morris And Gwendolyn Cafritz Foundation Washington, DC PURPOSE: ARTS & HUMANITIES | $30,000 |
Dallas Morse Coors Foundation For The Performing Arts Tr Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $8,000 |
Old Takoma Business Association Inc Takoma Park, MD PURPOSE: COMMUNITY GRANT | $6,000 |
Baxt Family Foundation Inc Washington, DC PURPOSE: HUMANITARIAN AID | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Citydance Ensemble Inc Washington, DC | $1,953,185 | $3,842,336 |
Balletx Philadelphia, PA | $5,194,722 | $3,970,836 |
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 |
Koresh Dance Company Philadelphia, PA | $2,196,675 | $1,130,704 |
Joy Of Motion Dance Center Inc Washington, DC | $251,861 | $718,300 |
Rennie Harris Pure Movement Sharon Hill, PA | $350,488 | $1,059,062 |
Philadelphia Dance Company Philadelphia, PA | $807,562 | $1,226,159 |
Company E Inc Washington, DC | $210,511 | $659,710 |