Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $473,361

• 1e · Government grants (contributions)

  $705,095

• 1f · All other contributions, gifts and grants

  $14,032,492

• 1g · Noncash contributions included above

  $2,313,436

• 2a · Program service revenue: DANCE FESTIVAL

  total $2,483,817 · related or exempt $2,483,817

• 2b · Program service revenue: DANCE SCHOOL

  total $285,455 · related or exempt $285,455

• 3 · Investment income

  total $1,644,011 · excluded $1,644,011

• 6a · Gross rents

  real property $15,510

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $15,510

• 6d · Net rental income or loss

  total $15,510 · excluded $15,510

• 7b · Less cost or other basis and sales expenses

  securities $15,155

• 7c · Gain or loss

  securities -$15,155

• 7d · Net gain or loss

  total -$15,155 · excluded -$15,155

• 8a · Fundraising events: gross income

  $497,591

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

  $473,361

• 8b · Fundraising events: direct expenses

  $262,097

• 8c · Net income from fundraising events

  total $235,494 · excluded $235,494

• 10a · Gross sales of inventory

  $112,810

• 10b · Cost of goods sold

  $55,425

• 10c · Net income from sales of inventory

  total $57,385 · excluded $57,385

• 11a · Other revenue: INSURANCE ADVANCE

  total $1,696,256 · related or exempt $1,696,256

• 11d · All other revenue

  total $17,575 · related or exempt $17,575

• 11e · Other revenue, total

  $1,713,831

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $7,500 · program services $7,500

• 2 · Grants to domestic individuals

  total $60,325 · program services $60,325

• 5 · Compensation of officers, directors and key employees

  total $451,198 · program services $275,823 · management and general $79,306 · fundraising $96,069

• 7 · Other salaries and wages

  total $3,976,809 · program services $2,873,746 · management and general $498,816 · fundraising $604,247

• 8 · Pension plan contributions

  total $26,792 · program services $16,378 · management and general $4,709 · fundraising $5,705

• 9 · Other employee benefits

  total $491,891 · program services $300,699 · management and general $86,459 · fundraising $104,733

• 10 · Payroll taxes

  total $86,436 · program services $52,839 · management and general $15,193 · fundraising $18,404

• 11b · Fees: legal

  total $4,910 · management and general $4,910

• 11e · Fees: professional fundraising services

  total $71,000 · fundraising $71,000

• 11f · Fees: investment management

  total $11,597 · management and general $11,597

• 11g · Fees: other

  total $3,513,773 · program services $3,113,059 · management and general $259,434 · fundraising $141,280

• 12 · Advertising and promotion

  total $166,156 · program services $148,657 · management and general $386 · fundraising $17,113

• 13 · Office expenses

  total $48,483 · program services $26,243 · management and general $9,112 · fundraising $13,128

• 14 · Information technology

  total $146,208 · program services $109,792 · management and general $22,694 · fundraising $13,722

• 16 · Occupancy

  total $184,835 · program services $149,337 · management and general $17,549 · fundraising $17,949

• 17 · Travel

  total $146,548 · program services $111,046 · management and general $13,226 · fundraising $22,276

• 22 · Depreciation, depletion and amortization

  total $1,068,328 · program services $882,354 · management and general $117,217 · fundraising $68,757

• 23 · Insurance

  total $757,842 · program services $641,902 · management and general $93,285 · fundraising $22,655

• 24a · Other expenses: EQUIPMENT

  total $645,690 · program services $603,069 · management and general $15,294 · fundraising $27,327

• 24b · Other expenses: PRODUCTION COSTS/OTHER

  total $319,216 · program services $235,782 · management and general $60,314 · fundraising $23,120

• 24c · Other expenses: BANK FEES

  total $150,907 · program services $8,760 · management and general $140,374 · fundraising $1,773

• 24d · Other expenses: DUES AND SUBSCRIPTIONS

  total $127,366 · program services $101,493 · management and general $10,612 · fundraising $15,261

• 24e · All other expenses

  total $218,272 · program services $78,958 · management and general $11,106 · fundraising $128,208

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $8,116,322 · end of year $3,316,618

• 2 · Savings and temporary cash investments

  beginning of year $2,303,994 · end of year $11,880,131

• 3 · Pledges and grants receivable

  beginning of year $12,310,085 · end of year $13,863,471

• 4 · Accounts receivable

  beginning of year $917,087 · end of year $41,035

• 8 · Inventories for sale or use

  beginning of year $33,566 · end of year $88,991

• 9 · Prepaid expenses and deferred charges

  beginning of year $82,969 · end of year $209,709

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

  $38,037,800

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

  $9,644,200

• 10c · Land, buildings and equipment, net

  beginning of year $23,407,320 · end of year $28,393,600

• 12 · Investments: other securities

  beginning of year $16,574,159 · end of year $18,595,320

• 17 · Accounts payable and accrued expenses

  beginning of year $960,404 · end of year $2,969,712

• 19 · Deferred revenue

  beginning of year $85,985 · end of year $120,229

• 27 · Net assets without donor restrictions

  beginning of year $28,781,993 · end of year $45,636,182

• 28 · Net assets with donor restrictions

  beginning of year $33,917,120 · end of year $27,662,752

The filer's explanations (Part III)

PART I, LINE 7

THE EXECUTIVE TEAM RECEIVED A BOARD APPROVED BONUS WHICH WAS REPORTED IN THEIR 2023 W2.