Dance Masters Of America Inc
- Assets
- $3.2m
- Revenue
- $781.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Metairie, LA
- Founding
- 09/2010
- Data as of
- 08/2023
- EIN
- 53-0054561
Organization Overview
Dance Masters Of America Inc is located in Metairie, LA. The organization was established in 2010. 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 08/2023, Dance Masters Of America Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dance Masters Of America 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 08/2023, Dance Masters Of America Inc generated $781.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $1.0m during the year ending 08/2023. 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
TO ADVANCE THE ART OF DANCING; TO IMPROVE THE PRACTICE OF ITS TEACHING; TO ESTABLISH BETTER AND MORE UNIFORM METHODS OF INSTRUCTION AMONG TEACHERS OF DANCING IN THE UNITED STATES AND CANADA; TO ENABLE THEM TO MEET ANNUALLY FOR COOPERATIVE AND COLLECTIVE STUDY OF CONDITIONS PERTAINING TO THEIR PROFESSION; FOR THE MUTUAL INTERESTS AND THE FRATERNAL COOPERATION OF ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDENTS HONORS INTENSISVE PROGRAM (SHIP) IS A 5 DAY CONFERENCE TO TEACH TECHNIQUES TO HONOR STUDENTS OF MEMBERS TO ENABLE THEM TO BECOME MORE PROFICIENT IN THEIR PERFORMANCE
TEACHERS TRAINING IS A 5 DAY CONFERENCE TO RELAY THE LATEST TEACHING TECHNIQUES AND DANCE INSTRUCTION IN A CONCISE FORMAT ENABLING A MORE UNIFORM METHOD OF INSTRUCTION AMONG TEACHERS
NATIONAL CONVENTION IS A 7 DAY CONFERENCE OFFERING 6 HOURS A DAY OF DANCE EDUCATION IN SPECIFIC DISCIPLINES OF DANCE. THIS ALLOWS COLLECTIVE AND CO-OPERATIVE STUDY OF NEW TECHNIQUES FOR ALL MEMBERS AND THEIR STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erin Spriggs Vice-President | Officer | 20 | $0 |
Penny Koza-Lemansky President | Officer | 20 | $0 |
Charleen Locascio Treasurer | Officer | 40 | $68,624 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $763,939 |
| Investment income | $17,534 |
| 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 | $781,473 |
| 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. | $68,624 |
| Compensation of current officers, directors, key employees. | $68,624 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $24,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,376 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $890 |
| Office expenses | $3,926 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $45,232 |
| Travel | $2,660 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $808,138 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,937 |
| All other expenses | $2,874 |
| Total functional expenses | $1,017,378 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $272,422 |
| Savings and temporary cash investments | $2,954,527 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,050 |
| Total assets | $3,231,999 |
| 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 | $5,762 |
| Total liabilities | $5,762 |
| Net assets without donor restrictions | $3,003,699 |
| Net assets with donor restrictions | $222,538 |
| 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 | $3,231,999 |