Childrens Dance Foundation
- Assets
- $1.5m
- Revenue
- $943.9k
- Investments
- $0.0
- Employees
- 35
- Location
- Birmingham, AL
- Founding
- 12/1981
- Data as of
- 06/2022
- EIN
- 63-0744601
Organization Overview
Childrens Dance Foundation, operating under the name The Dance Foundation, is located in Birmingham, AL. The organization was established in 1981. 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 06/2022, Dance Foundation employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dance Foundation 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 06/2022, Dance Foundation generated $943.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $815.5k during the year ending 06/2022. While expenses have increased by 1.2% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
MISSION: TO TEACH THE ART OF DANCE TO ALL, INSPIRING CREATIVITY, CURIOSITY, AND CONFIDENCE. THE DANCE EDUCATION PROGRAMS SERVE STUDENTS IN ITS STUDIOS AND COMMUNITY SETTINGS, INCLUDING EARLY EDUCATION CENTERS, SCHOOLS, SOCIAL SERVICE AGENCIES, ETC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE DANCE FOUNDATION CELEBRATES THE CREATIVE SPIRIT IN ALL OF US. ITS DANCE EDUCATION PROGRAMS ARE A JOYFUL AND AFFIRMING EXPERIENCE FOR ALL TO EXPLORE, CREATE, AND ACHIEVE. CORE SERVICES INCLUDE COMMUNITY PARTNERSHIP PROGRAMS, STUDIO PROGRAM WITH TUITION ASSISTANCE FOR STUDENTS IN NEED, STUDIO USE PROGRAM, AND SERVICE TO THE DANCE FIELD.INTEGRAL TO THE ORGANIZATIONS MISSION IS THE COMMUNITY PARTNERSHIP PROGRAM WHICH SERVES MORE THAN 1,000 CHILDREN AT DOZENS OF SITES EACH WEEK. THESE ARE STUDENTS WHO ARE TYPICAL BUT ARE VERY YOUNG, UNDERSERVED, LIVE IN POVERTY, OR WHO HAVE DISABILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diane Litsey Executive Director | Officer | 0 | $73,141 |
Abby Cahill Vice President | OfficerTrustee | 0 | $0 |
Jennifer Reid Egbe President | OfficerTrustee | 0 | $0 |
Laura Gosney Secretary | OfficerTrustee | 0 | $0 |
Cheryl Lloyd Treasurer | OfficerTrustee | 0 | $0 |
Hilary Moreno Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $130,535 |
| All other contributions, gifts, grants, and similar amounts not included above | $74,210 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $204,745 |
| Total Program Service Revenue | $661,342 |
| Investment income | $633 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $77,171 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $943,891 |
| 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. | $73,141 |
| Compensation of current officers, directors, key employees. | $25,600 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $389,794 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $40,011 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,340 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,136 |
| Advertising and promotion | $15,573 |
| Office expenses | $32,599 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $35,027 |
| Travel | $3,103 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,847 |
| Interest | $16,951 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $51,365 |
| Insurance | $18,709 |
| All other expenses | $9,290 |
| Total functional expenses | $815,464 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $307,327 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $6,150 |
| Accounts receivable, net | $2,120 |
| 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 | $1,187,075 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,981 |
| Total assets | $1,505,653 |
| Accounts payable and accrued expenses | $8,326 |
| 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 | $356,458 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,646 |
| Total liabilities | $367,430 |
| Net assets without donor restrictions | $1,138,223 |
| 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 | $1,505,653 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Childrens Dance Foundation has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Robert R Meyer Foundation Birmingham, AL PURPOSE: GENERAL OPERATING | $10,000 |
Mike And Gillian Goodrich Charitable Foundation Birmingham, AL PURPOSE: OPERATING SUPPORT OF ORGANIZATION | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Miami City Ballet Inc Miami Beach, FL | $20,106,864 | $19,857,804 |
Atlanta Ballet Incorporated Atlanta, GA | $17,685,185 | $11,298,848 |
Sarasota Ballet Of Florida Inc Sarasota, FL | $13,132,949 | $10,013,391 |
Orlando Ballet Inc Orlando, FL | $16,727,544 | $8,811,426 |
Nashville Ballet Nashville, TN | $11,017,137 | $5,073,621 |
Ballet Memphis Corporation Memphis, TN | $34,630,248 | $4,251,856 |
State Of Alabama Ballet Inc Birmingham, AL | $2,991,745 | $2,506,530 |
Thomas Armour Youth Ballet Inc South Miami, FL | $1,962,067 | $2,525,155 |
Ballet Magnificat Jackson, MS | $1,863,123 | $2,272,042 |
Northwest Florida Ballet Inc Fort Walton Beach, FL | $1,697,627 | $1,107,429 |
Boca Ballet Theatre Company Boca Raton, FL | $998,932 | $1,075,086 |
The Tallahassee Ballet Inc Tallahassee, FL | $852,817 | $1,030,970 |