American Dance Competition Inc
- Assets
- $962.7k
- Revenue
- $621.2k
- Investments
- $0.0
- Employees
- 0
- Location
- St Petersburg, FL
- Founding
- 01/2007
- Data as of
- 04/2022
- EIN
- 76-0799082
Organization Overview
American Dance Competition Inc, operating under the name Adc Ibc, is located in St Petersburg, FL. The organization was established in 2007. According to its NTEE Classification (A62) the organization is classified as: Dance, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an itermediate organization (such as a geographic headquarters) for a national or regional group of organizations. Adc Ibc 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 04/2022, Adc Ibc generated $621.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.6% each year . All expenses for the organization totaled $440.7k during the year ending 04/2022. While expenses have increased by 20.5% 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
ADC IBC IS DEDICATED IN NURTURING THE DEVELOPMENT OF TALENTED YOUTH BY SERVING AS A LEADING SOURCE AND AMBASSADOR FOR THE INTERNATIONAL DANCE COMMUNITY; WHERE (1) STUDENTS AND TEACHERS CAN LEARN AND SEEK ADVANCED TRAINING AND PROFESSIONAL OPPORTUNITIES, (2) SERVE AS A MEETING PLACE TO SCOUT TALENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADC IBC ACCOMPLISHED PLACING 57 AMATEUR STUDENTS INTO PROFESSIONAL PROGRAMS ON SCHOLARSHIP. OVER 300 SCHOLARSHIPS WERE OFFERED, AND THE 57 STUDENTS ABOVE, IN FACT, UTILIZED THE OPPORTUNITY AFFORDED TO THEM. IN ADDITION, 5 STUDENTS LEFT AMATEUR STATUS AND STARTED WORKING PROFESSIONALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Audrianna Broad President | OfficerTrustee | 55 | $28,982 |
Andres Acevedo Vice President | Officer | 5 | $2,442 |
Kathy Broad Secretary | Officer | 1 | $1,200 |
Paulina Zhu Treasurer | Officer | 0.05 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $173,422 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,133 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $188,555 |
| Total Program Service Revenue | $423,129 |
| Investment income | $0 |
| 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 | $9,511 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $621,195 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,805 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $40,124 |
| Compensation of current officers, directors, key employees. | $29,570 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $119,284 |
| Advertising and promotion | $9,052 |
| Office expenses | $3,630 |
| Information technology | $15,671 |
| Royalties | $0 |
| Occupancy | $34,580 |
| Travel | $71,203 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $112,757 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,293 |
| All other expenses | $0 |
| Total functional expenses | $440,696 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,421 |
| Savings and temporary cash investments | $740,142 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,533 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,690 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $66,765 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $102,188 |
| Other assets | $0 |
| Total assets | $962,739 |
| Accounts payable and accrued expenses | $440,692 |
| 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 | $21,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $250,000 |
| Other liabilities | $0 |
| Total liabilities | $711,692 |
| Net assets without donor restrictions | $0 |
| 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 | $251,047 |
| Total liabilities and net assets/fund balances | $962,739 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that American Dance Competition Inc has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Miami Dance Project Inc Miami, FL | $244,845 | $1,001,532 |
Several Dancers Core Inc Decatur, GA | $510,518 | $925,008 |
Broadway Dreams Foundation Corporation Alpharetta, GA | $370,059 | $1,061,609 |
Dance Alive Inc Gainesville, FL | $122,284 | $818,209 |
Dancefx Athens, GA | $335,029 | $831,128 |
The Sarasota Cuban Ballet School Inc Sarasota, FL | $335,930 | $925,973 |
Ballet Pensacola Inc Pensacola, FL | $408,461 | $534,964 |
Alabama Dance Theatre Montgomery, AL | $293,794 | $617,175 |
Artz 4 Life Academy Inc Clearwater, FL | $132,173 | $432,540 |
Sarasota Contemporary Dance Inc Sarasota, FL | $221,446 | $461,296 |
Canopy Studio Inc Athens, GA | $638,199 | $696,461 |
Movement Dance Foundation Miami Beach, FL | $31,624 | $480,297 |