Timothy M Draper Center For Dance Education Inc
- Assets
- $1.3m
- Revenue
- $741.8k
- Investments
- $0.0
- Employees
- 16
- Location
- Brighton, NY
- Founding
- 11/2003
- Data as of
- 08/2023
- EIN
- 56-2342038
Organization Overview
Timothy M Draper Center For Dance Education Inc is located in Brighton, NY. The organization was established in 2003. 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, Timothy M Draper Center For Dance Education Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Timothy M Draper Center For Dance Education 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, Timothy M Draper Center For Dance Education Inc generated $741.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $567.4k 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
DANCE EDUCATION TO STUDENTS WITH A VARIETY OF TALENT AND FAMILY FINANCIAL NEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THERE ARE THREE DIFFERENT DIVISIONS 1) CHILDREN'S DIVISION - PRELUDE TO FORMAL BALLET INSTRUCTION THAT INTRODUCES CHILDREN TO MOVEMENT THROUGH CREATIVITY AND GROUP INTERACTION. 2) STUDENT DIVISION - STUDENTS STUDY PROGRESSIVE LEVELS OF DANCE TECHNIQUE. 3) PROFESSIONAL TRAINING PROGRAM - STUDIES FOCUS ON PERFECTING TECHNIQUE AND DEVELOPING ARTISTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jamey Leverett Secretary | OfficerTrustee | 40 | $83,000 |
Katherine Ertsgaard Treasurer | OfficerTrustee | 25 | $43,213 |
Stefanie Cheshire Board Member | Trustee | 4.5 | $18,160 |
Melanie Conradt Board Member | OfficerTrustee | 1 | $0 |
Matt Throumoulos President | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $37,909 |
| Related organizations | $0 |
| Government grants | $17,100 |
| All other contributions, gifts, grants, and similar amounts not included above | $55,988 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $110,997 |
| Total Program Service Revenue | $586,075 |
| Investment income | $5,509 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $10,845 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $741,792 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $57,230 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $112,878 |
| Compensation of current officers, directors, key employees. | $26,433 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $103,062 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $21,857 |
| 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 | $75,082 |
| Advertising and promotion | $10,603 |
| Office expenses | $26,900 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $107,406 |
| Travel | $13,500 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $145 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $872 |
| Insurance | $9,682 |
| All other expenses | $1,553 |
| Total functional expenses | $567,416 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $127,756 |
| Savings and temporary cash investments | $355,408 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,115 |
| 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 | $3,753 |
| Net Land, buildings, and equipment | $1,747 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $818,144 |
| Total assets | $1,312,923 |
| Accounts payable and accrued expenses | $23,496 |
| Grants payable | $0 |
| Deferred revenue | $36,253 |
| 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 | $678,601 |
| Total liabilities | $738,350 |
| Net assets without donor restrictions | $536,814 |
| Net assets with donor restrictions | $37,759 |
| 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 | $1,312,923 |