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Nonprofiteer
← VELOCITY DANCE CENTER

Form 990 for tax year 2023

Filed by VELOCITY DANCE CENTER.

Totals

Total revenue
$685,999
Total expenses
$654,666
Contributions and grants received
$574,899
Grants paid
$22,100
Program service revenue
$106,588
Investment income
$4,117
Other revenue
$395
Total assets, end of year
$472,305
Total liabilities, end of year
$2,753
Net assets or fund balances, end of year
$469,552
Program services expenses (Part IX)
$561,930
Management and general expenses
$57,138
Fundraising expenses
$35,598
Program service expenses (Part III)
$561,930

Program services were 85.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $2,823

  • 1c · Fundraising events

    $34,756

  • 1e · Government grants (contributions)

    $213,595

  • 1f · All other contributions, gifts and grants

    $323,725

  • 1g · Noncash contributions included above

    $21,715

  • 2a · Program service revenue: PROGRAM SERVICE FEES

    total $106,588 · related or exempt $106,588

  • 3 · Investment income

    total $4,117 · excluded $4,117

  • 8a · Fundraising events: gross income

    $4,655

  • 8a · Fundraising events: contributions included on line 1c

    $34,756

  • 8b · Fundraising events: direct expenses

    $13,542

  • 8c · Net income from fundraising events

    total -$8,887 · excluded -$8,887

  • 10a · Gross sales of inventory

    $632

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $632 · excluded $632

  • 11a · Other revenue: OTHER INCOME

    total $8,650 · excluded $8,650

  • 11e · Other revenue, total

    $8,650

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $22,100 · program services $22,100

  • 5 · Compensation of officers, directors and key employees

    total $61,655 · program services $34,174 · management and general $8,259 · fundraising $19,222

  • 7 · Other salaries and wages

    total $121,571 · program services $94,588 · management and general $25,409 · fundraising $1,574

  • 9 · Other employee benefits

    total $16,390 · program services $13,497 · management and general $1,994 · fundraising $899

  • 10 · Payroll taxes

    total $22,765 · program services $16,113 · management and general $4,240 · fundraising $2,412

  • 11c · Fees: accounting

    total $14,113 · program services $8,507 · management and general $4,188 · fundraising $1,418

  • 11e · Fees: professional fundraising services

    total $7,500 · fundraising $7,500

  • 11g · Fees: other

    total $240,783 · program services $240,733 · management and general $50

  • 12 · Advertising and promotion

    total $489 · program services $489

  • 13 · Office expenses

    total $13,357 · program services $9,691 · management and general $2,465 · fundraising $1,201

  • 14 · Information technology

    total $3,386 · program services $1,226 · management and general $1,896 · fundraising $264

  • 16 · Occupancy

    total $39,896 · program services $34,514 · management and general $5,382

  • 17 · Travel

    total $8,646 · program services $8,646

  • 22 · Depreciation, depletion and amortization

    total $431 · program services $323 · management and general $54 · fundraising $54

  • 23 · Insurance

    total $2,912 · program services $2,184 · management and general $364 · fundraising $364

  • 24a · Other expenses: ARTIST EXPENSES

    total $46,274 · program services $46,274

  • 24b · Other expenses: BANK & MERCHANT SERVICE

    total $16,618 · program services $13,091 · management and general $2,837 · fundraising $690

  • 24c · Other expenses: PRODUCTION EXPENSES

    total $14,380 · program services $14,380

  • 24d · Other expenses: SUPPLIES

    total $1,400 · program services $1,400

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $426,171 · end of year $391,499

  • 2 · Savings and temporary cash investments

    beginning of year $2,442 · end of year $39,143

  • 3 · Pledges and grants receivable

    beginning of year $5,360 · end of year $30,000

  • 4 · Accounts receivable

    beginning of year $200

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,471 · end of year $5,313

  • 10a · Land, buildings and equipment: cost or other basis

    $25,918

  • 10b · Land, buildings and equipment: accumulated depreciation

    $25,918

  • 10c · Land, buildings and equipment, net

    beginning of year $430 · end of year $0

  • 15 · Other assets

    beginning of year $6,350 · end of year $6,350

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,312 · end of year $2,753

  • 27 · Net assets without donor restrictions

    beginning of year $221,312 · end of year $163,865

  • 28 · Net assets with donor restrictions

    beginning of year $216,800 · end of year $305,687

Mission and programs · 2023

Mission

VELOCITY ADVANCES CONTEMPORARY DANCE AND MOVEMENT-BASED ART BY FOSTERING THE CREATIVE EXPLORATIONS OF ARTISTS AND AUDIENCES.

Activities or mission (Part I)

VELOCITY IS SEATTLE'S CENTER DEDICATED TO CONTEMPORARY DANCE. EVERYDAY WE SUPPORT AND ADVANCE ARTISTS AND EMERGING IDEAS THROUGH COMMISSIONING, PRESENTING, RESIDENCIES, CREATIVE EXCHANGE AND ACCESS TO SPACE, FUNDING, SCHOLARSHIPS, EMPLOYMENT AND TOURING OPPORTUNITIES. WE PROVIDE QUALITY MOVEMENT EDUCATION TO DANCERS FROM BEGINNERS TO PROFESSIONAL, IN A BROAD RANGE OF MOVEMENT STYLES. WE PRODUCE PROGRAMS THAT INTRODUCE AUDIENCES TO A WIDE SPECTRUM OF CONTEMPORARY DANCE PRACTICES AND AESTHETICS AND BRING TOGETHER REGIONAL TALENT AND WORLD CLASS INNOVATORS. WE PROVIDE OUTREACH AND HUMANITIES PROGRAMS THAT ENGAGE MINDS AND INSPIRE PARTICIPATION, WHILE PROMOTING CROSS-DISCIPLINARY DIALOG AND MEANINGFUL LINKS BETWEEN ARTISTS AND THE COMMUNITY.

  • EDUCATION: VELOCITY'S EDUCATION PROGRAMS INCLUDE WORKSHOPS, CLASSES, AND THE SEATTLE FESTIVAL OF DANCE + IMPROVISATION. THESE PROGRAMS SERVE ADULT AND YOUTH PARTICIPANTS, WITH DANCE AND CHOREOGRAPHY TRAINING FOR BEGINNING THROUGH PROFESSIONAL LEVEL DANCERS. IN 2023, VELOCITY EMPLOYED A TOTAL OF 57 TEACHING ARTISTS AND OFFERED EDUCATION PROGRAMS TO OVER 1130 PARTICIPANTS. SFD+I, THE YEARLY EDUCATIONAL FESTIVAL, REPRESENTED THE MAJORITY OF THESE CLASSES, WITH 98 CLASSES AND INTENSIVE OFFERINGS. VELOCITY ALSO PROVIDED OVER $15,500 IN PARTIAL AND FULL TUITION SCHOLARSHIPS FOR PARTICIPANTS DURING THE FESTIVAL.

    Expenses $164,080 · Grants $22,100 · Revenue $67,511

  • PERFORMANCE: IN 2023, VELOCITY PRESENTED 165 ARTISTS AND HOSTED 65 PERFORMANCES AND EVENTS. VELOCITY'S PERFORMANCES INCLUDE THE CULMINATION OF OUR RESIDENCY PROGRAMS AS WELL AS THE PRESENTATION OF NEW AND EXISTING WORK THROUGH OUR CO-PRODUCTION AND GUEST ARTIST SERIES. IN ADDITION TO SERVING ARTISTS, THESE PROGRAMS WERE ATTENDED BY OVER 3500 PEOPLE, WITH 20% ATTENDING FOR FREE THROUGH FREE EVENTS AND OUR TIERED TICKETING INITIATIVE.

    Expenses $312,025 · Revenue $26,257

  • RESIDENCY PROGRAMS: VELOCITY'S RESIDENCY PROGRAMS SUPPORTED OVER 100 ARTISTS TO MAKE 56 NEW DANCE WORKS THROUGH FIVE DIFFERENT PROGRAMS: MADE IN SEATTLE, BRIDGE PROJECT, NEXT FEST NW, AND THE CURATING ARTIST IN RESIDENCE. THESE PROGRAMS PROVIDE FUNDING, SPACE, MENTORSHIP, AND OTHER RESOURCES TO ARTISTS AT DIFFERENT STAGES IN THEIR CAREERS. THESE PROGRAMS CELEBRATE THE VALUE OF THE PROCESS OF MAKING DANCE, AND SUPPORT ARTISTS AT THE CRITICAL AND OFTEN UNDER-RESOURCED STAGE OF PROJECT DEVELOPMENT.

    Expenses $85,825 · Revenue $12,820

As filed on the 2023 return.

Listed in Part VII

  • Colleen Borst

    PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • Elizabeth Bello

    SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • Urvi Narang

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • Cameron Collins

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Jarman Hauser

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Fox Whitney

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Nina Bozicnik

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Symone Sanz

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Erin O'Reilly

    EXECUTIVE DIRECTOR

    Total calculated
    $61,655
    From this org
    $55,502
    From related orgs
    $0
    Other
    $6,153
    Hours/week
    35

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
5 June 2024
IRS schema version
2023v5.0
Source object
202401629349300915

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