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Nonprofiteer
← CENTER FOR TRADITIONAL MUSIC AND DANCE INC

Form 990 for tax year 2023

Filed by CENTER FOR TRADITIONAL MUSIC AND DANCE INC.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2023 , filed 27 January 2026. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$1,102,696 changed to $1,380,542
Total expenses
$1,105,114 changed to $1,370,756
Contributions and grants received
$913,537 changed to $1,195,999
Program service revenue
$130,336 changed to $152,389
Investment income
$13,565 changed to $28,676
Other revenue
$45,258 changed to $3,478
Total assets, end of year
$1,319,796 changed to $1,103,044
Total liabilities, end of year
$45,222 changed to $33,436
Net assets or fund balances, end of year
$1,274,574 changed to $1,069,608
Program services expenses
$950,683 changed to $1,241,649
Management and general expenses
$103,506 changed to $87,835
Fundraising expenses
$50,925 changed to $41,272
Program service expenses (Part III)
$128,221 changed to $1,241,649

Listed only on the earlier return

  • Kai Sotorp
  • Linn C Mehta
  • Peter I Rushefsky
  • Richard Luftglass

Listed only on the later return

  • Peter Rushefsky

Totals

Total revenue
$1,102,696
Total expenses
$1,105,114
Contributions and grants received
$913,537
Grants paid
$0
Program service revenue
$130,336
Investment income
$13,565
Other revenue
$45,258
Total assets, end of year
$1,319,796
Total liabilities, end of year
$45,222
Net assets or fund balances, end of year
$1,274,574
Program services expenses (Part IX)
$950,683
Management and general expenses
$103,506
Fundraising expenses
$50,925
Program service expenses (Part III)
$128,221

Program services were 86.0% 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

    $2,120

  • 1e · Government grants (contributions)

    $542,180

  • 1f · All other contributions, gifts and grants

    $369,237

  • 2a · Program service revenue: Admissions

    total $49,052 · related or exempt $49,052

  • 2b · Program service revenue: Program Fees

    total $81,284 · related or exempt $81,284

  • 3 · Investment income

    total $13,565 · related or exempt $13,565

  • 5 · Royalties

    total $1,174 · related or exempt $1,174

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: Miscellaneous

    total $61 · related or exempt $61

  • 11b · Other revenue: Employee Ret Tax Cred

    total $44,023 · related or exempt $44,023

  • 11e · Other revenue, total

    $44,084

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $113,245 · program services $85,862 · management and general $13,692 · fundraising $13,691

  • 7 · Other salaries and wages

    total $127,270 · program services $96,498 · management and general $15,386 · fundraising $15,386

  • 9 · Other employee benefits

    total $104,134 · program services $78,956 · management and general $12,589 · fundraising $12,589

  • 11a · Fees: management

    total $64,189 · program services $59,589 · management and general $4,546 · fundraising $54

  • 11c · Fees: accounting

    total $40,520 · management and general $40,520

  • 11g · Fees: other

    total $236,331 · program services $242,585 · management and general -$3,127 · fundraising -$3,127

  • 12 · Advertising and promotion

    total $14,078 · program services $14,078

  • 13 · Office expenses

    total $57,297 · program services $50,653 · management and general $5,677 · fundraising $967

  • 16 · Occupancy

    total $327,984 · program services $305,254 · management and general $11,365 · fundraising $11,365

  • 17 · Travel

    total $1,487 · program services $1,487

  • 22 · Depreciation, depletion and amortization

    total $6,129 · program services $4,027 · management and general $2,102

  • 23 · Insurance

    total $9,437 · program services $9,437

  • 24e · All other expenses

    total $3,013 · program services $2,257 · management and general $756

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $837,854 · end of year $629,758

  • 2 · Savings and temporary cash investments

    beginning of year $277,905 · end of year $539,697

  • 3 · Pledges and grants receivable

    beginning of year $279,026 · end of year $113,657

  • 7 · Other notes and loans receivable

    beginning of year $12,557 · end of year $12,557

  • 9 · Prepaid expenses and deferred charges

    beginning of year $15,353 · end of year $24,127

  • 10c · Land, buildings and equipment, net

    beginning of year $10,466

  • 17 · Accounts payable and accrued expenses

    beginning of year $70,965 · end of year $45,222

  • 27 · Net assets without donor restrictions

    beginning of year $401,436 · end of year $85,113

  • 28 · Net assets with donor restrictions

    beginning of year $960,760 · end of year $1,189,461

Mission and programs · 2023

Mission

The Center for Tradtiional Music and Dance works in partnership with NY City's immigrant communities to sustain performing arts traditions and share them with the general public.

Activities or mission (Part I)

The Center for Traditional Music and Dance works in partnership with NY Citys immigrant communities to sustain performing arts traditions

  • Mexican Cultural Initiative

    Expenses $45,000 · Revenue $35,000

  • Peruvian cultural initiative.

    Expenses $42,121 · Revenue $34,570

  • Colombian cultural initiative.

    Expenses $41,100 · Revenue $35,338

As filed on the 2023 return.

Listed in Part VII

  • Richard Luftglass

    Chairman

    Total calculated
    $0

  • Linn C Mehta

    Vice Chair

    Total calculated
    $0

  • Kai Sotorp

    Treasurer

    Total calculated
    $0

  • Peter I Rushefsky

    Executive Director

    Total calculated
    $0

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
15 May 2024
IRS schema version
2023v5.0
Source object
202401369349319260

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