Raleigh Dance Theatre Inc
- Assets
- $98.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 2
- Location
- Raleigh, NC
- Founding
- 12/1997
- Data as of
- 06/2024
- EIN
- 56-2044012
Organization Overview
Raleigh Dance Theatre Inc is located in Raleigh, NC. The organization was established in 1997. According to its NTEE Classification (A63) the organization is classified as: Ballet, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2024, Raleigh Dance Theatre Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Raleigh Dance Theatre 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 06/2024, Raleigh Dance Theatre Inc generated $112.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (8.2%) each year. All expenses for the organization totaled $99.5k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (7.4%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE PRIMARY EXEMPT PURPOSE OF THE ORGANIZATION IS TO EDUCATE THE GENERAL PUBLIC ABOUT CLASSICAL BALLET AND SHOW THE PUBLIC HOW WELL-TRAINED DANCERS PERFORM. THE ORGANIZATION PERFORMS A MINIMUM OF TWO PERFORMANCES PER YEAR. THE ORGANIZATION HOLDS AUDITIONS AND THEN SPENDS TIME TRAINING AND REHEARSING WITH THE DANCERS. TICKETS ARE SOLD TO THE GENERAL PUBLIC TO HELP UNDERWRITE THE COST OF THE PERFORMANCES.
Describe the Organization's Program Activity:
Part 3
THE PRIMARY EXEMPT PURPOSE OF THE ORGANIZATION IS TO EDUCATE THE GENERAL PUBLIC ABOUT CLASSICAL BALLET AND SHOW THE PUBLIC HOW WELL-TRAINED DANCERS PERFORM. THE ORGANIZATION PERFORMS A MINIMUM OF TWO PERFORMANCES PER YEAR. THE ORGANIZATION HOLDS AUDITIONS AND THEN SPENDS TIME TRAINING AND REHEARSING WITH THE DANCERS. TICKETS ARE SOLD TO THE GENERAL PUBLIC TO HELP UNDERWRITE THE COST OF THE PERFORMANCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Schantz President | 0 | $0 | |
William Hardiman Treasurer | 0 | $0 | |
Lisa Hathaway Secretary | 0 | $0 | |
Megan Marvel Artist Direc | 0 | $0 | |
Susan Carlin Galdy Member At La | 0 | $0 | |
Carolyn Cody Member At La | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $51,748 |
| Total Program Service Revenue | $40,706 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $20,319 |
| Other Revenue | $0 |
| Total Revenue | $112,773 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $21,969 |
| Professional fees and other payments to independent contractors | $1,132 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $5,290 |
| Other expenses | $71,068 |
| Total expenses | $99,459 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $92,774 |
| Other assets | $0 |
| Total assets | $98,144 |
| Total liabilities | $5,100 |
| Net assets or fund balances | $93,044 |