Civic Intelligence

Dancing Dreams

990 • Fiscal year 2021 • EIN 26-0797411

Jan 01, 2021 to Dec 31, 2021 • Filed on Mar 08, 2022

PO Box 604285Bayside, NY 11360

(516) 659-8704

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

59th percentile

0.10x

Higher debt load relative to assets than 59% of similar nonprofits.

2021 filings • NTEE A • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

69th percentile

0.21x

Higher debt load relative to revenue than 69% of similar nonprofits.

2021 filings • NTEE A • $500k-$1M nonprofits • Source year 2021

Net Margin

71st percentile

32%

Higher net margin than 71% of similar nonprofits.

2021 filings • NTEE A • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

73rd percentile

$62,000

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 14.3% of source-year revenue.

2021 filings • NTEE A • $500k-$1M nonprofits • Source year 2021

Asset Growth

48th percentile

12%

Faster asset growth than 48% of similar nonprofits.

2021 filings • NTEE A • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

63rd percentile

35%

Faster revenue growth than 63% of similar nonprofits.

2021 filings • NTEE A • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Up

$905,227

Up $96,511 (+12%) from 2020

Net Assets

Up

$813,447

Up $140,155 (+21%) from 2020

Liabilities

Down

$91,780

Down $43,644 (-32%) from 2020

Revenue

Up

$432,539

Up $111,202 (+35%) from 2020

Expenses

Down

$292,384

Down $11,956 (-3.9%) from 2020

Net Income

Up

$140,155

Up $123,158 (+725%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.0M$500K$0-$500KAssets 2010: $68,048Liabilities 2010: $3,678Net Assets 2010: $64,3702010Assets 2011: $95,970Liabilities 2011: $1,318Net Assets 2011: $94,6522011Assets 2012: $100,648Liabilities 2012: $1,156Net Assets 2012: $99,4922012Assets 2013: $197,796Liabilities 2013: $2,346Net Assets 2013: $195,4502013Assets 2014: $236,548Liabilities 2014: $3,335Net Assets 2014: $233,2132014Assets 2015: $358,369Liabilities 2015: $5,086Net Assets 2015: $353,2832015Assets 2016: $465,692Liabilities 2016: $5,146Net Assets 2016: $460,5462016Assets 2017: $543,972Liabilities 2017: $4Net Assets 2017: $543,9682017Assets 2018: $625,814Liabilities 2018: $3,120Net Assets 2018: $622,6942018Assets 2019: $666,500Liabilities 2019: $10,205Net Assets 2019: $656,2952019Assets 2020: $808,716Liabilities 2020: $135,424Net Assets 2020: $673,2922020Assets 2021: $905,227Liabilities 2021: $91,780Net Assets 2021: $813,4472021Assets 2022: $804,865Liabilities 2022: -$41,257Net Assets 2022: $846,1222022Assets 2023: $885,878Liabilities 2023: -$4,056Net Assets 2023: $889,9342023Assets 2024: $985,590Liabilities 2024: $12,782Net Assets 2024: $972,8082024

Highlighted filing

2021

Assets$905,227
Liabilities$91,780
Net Assets$813,447

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0Revenue 2010: $114,858Expenses 2010: $103,520Net Income 2010: $11,3382010Revenue 2011: $137,084Expenses 2011: $106,802Net Income 2011: $30,2822011Revenue 2012: $143,548Expenses 2012: $138,708Net Income 2012: $4,8402012Revenue 2013: $247,439Expenses 2013: $151,481Net Income 2013: $95,9582013Revenue 2014: $217,138Expenses 2014: $179,375Net Income 2014: $37,7632014Revenue 2015: $319,243Expenses 2015: $199,173Net Income 2015: $120,0702015Revenue 2016: $330,233Expenses 2016: $222,970Net Income 2016: $107,2632016Revenue 2017: $350,974Expenses 2017: $267,552Net Income 2017: $83,4222017Revenue 2018: $395,444Expenses 2018: $316,718Net Income 2018: $78,7262018Revenue 2019: $413,470Expenses 2019: $379,869Net Income 2019: $33,6012019Revenue 2020: $321,337Expenses 2020: $304,340Net Income 2020: $16,9972020Revenue 2021: $432,539Expenses 2021: $292,384Net Income 2021: $140,1552021Revenue 2022: $415,112Expenses 2022: $382,437Net Income 2022: $32,6752022Revenue 2023: $398,638Expenses 2023: $354,826Net Income 2023: $43,8122023Revenue 2024: $524,733Expenses 2024: $441,859Net Income 2024: $82,8742024

Highlighted filing

2021

Revenue$432,539
Expenses$292,384
Net Income$140,155
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Mar 8, 2022
Return Version
2021v4.0
Gross Receipts
$437,111
Mission and Program Overview

Mission

To provide dance classes and dance performance opportunities to physically challenged children, including medically fragile individuals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$514,326$542,316▲ $27,990
Cash and Non-Interest-Bearing Accounts$286,445$356,299▲ $69,854
Land, Buildings, and Equipment, Net$5,445$5,612▲ $167
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$808,716$905,227▲ $96,511
Other Assets Total$2,500$1,000▼ $1,500
Liabilities
Other Liabilities$48,605$48,692▲ $87
Deferred Revenue$86,819$43,088▼ $43,731
Total Liabilities$135,424$91,780▼ $43,644
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$673,292$813,447▲ $140,155
Total Net Assets Fund Balance$673,292$813,447▲ $140,155
Total Liabilities and Net Assets / Fund Balance$808,716$905,227▲ $96,511

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$5,612$4,181$9,793
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Joann FerraraDirectorPT$62,000$62,000

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$334,562
Program Service Revenue
$10,680
Investment Income
$31,980
Other Revenue
$55,317
All Other Contributions
$290,762
Change in Net Assets
$140,155
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$208,418
Other Expenses$83,966
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$91,608$40,000-$131,608
Current Officers, Directors, Trustees, and Key Employees$20,667$41,333-$62,000
Occupancy$9,375$18,630-$28,005
Payroll Taxes$8,589$6,221-$14,810
Fees for Services Accounting-$11,901-$11,901
All Other Expenses$7,087$850-$7,937
Office Expenses$2,732$2,732-$5,464
Insurance$2,730$1,940-$4,670
Other Expenses$3,479$1,160-$4,639
Travel$1,603--$1,603
Depreciation Depletion-$1,357-$1,357
Total Functional Expenses$159,691$132,693$0$292,384
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$59,889
Fundraising Direct Expenses$4,572
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Yera End Appeal$51,007$51,007$3,647$47,360
Journals$8,882$8,882$925$7,957
Total Events$59,889$59,889$4,572$55,317
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Loan Payable - Ppp$43,800
Payroll Tax Payable$4,892
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

Copy of form 990 will be provided to governing body to review before it was filed.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

The organization's governing document, conflict of interest policy, and finacial statements are available for public insection upon request.

Filing and Contact Details

Filer

Filer Name
Dancing Dreams
EIN
26-0797411
Phone
5166598704
Address
PO BOX 604285, BAYSIDE, NY 11360

Signing Officer

Name
Joann Ferrara
Title
Director
Signed
2022-03-08
Discuss with paid preparer
Yes

Organization Details

Formed
2007
Voting Board Members
7
Independent Board Members
7
Employees
10

Preparer

Firm
Newton Sankey & Co CPAs LLC
Address
6 Roosevelt Avenue, Port Jefferson Station, NY 11776
Preparer
George Sankey CPA
Phone
6314742500
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IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt075766
IRS990/PYOtherRevenueAmt062283
IRS990/PYProgramServiceRevenueAmt07180
IRS990/PYRevenuesLessExpensesAmt016997
IRS990/PYSalariesCompEmpBnftPaidAmt0228574
IRS990/PYTotalExpensesAmt0304340
IRS990/PYTotalRevenueAmt0321337
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0140155
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0290762
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0237452
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0386234
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0292651
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0338089
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01545188
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt031980
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt014422
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt014920
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0995
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0395
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt062712
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt031980
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt014422
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt014920
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0995
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0395
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt062712
IRS990ScheduleA/InvestmentIncomeCYPct00.03770
IRS990ScheduleA/InvestmentIncomePYPct00.01870
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt010680
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt07180
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt012226
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt011910
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt012490
IRS990ScheduleA/OtherIncome509Grp/TotalAmt054486
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.92950
IRS990ScheduleA/PublicSupportPY509Pct00.94740
IRS990ScheduleA/PublicSupportTotal509Amt01545188
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0290762
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0237452
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0386234
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0292651
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0338089
IRS990ScheduleA/Total509Grp/TotalAmt01545188
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0333422
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0259054
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0413380
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0305556
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0350974
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01662386
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt05612
IRS990ScheduleD/EquipmentGrp/DepreciationAmt04181
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt09793
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt043800
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt14892
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LOAN PAYABLE - PPP
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PAYROLL TAX PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05612
IRS990ScheduleD/TotalLiabilityAmt048692
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt04572
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0YERA END APPEAL
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0JOURNALS
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt051007
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt08882
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt059889
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt051007
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt08882
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt059889
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt055317
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt04572
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt03647
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt0925
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0COPY OF FORM 990 WILL BE PROVIDED TO GOVERNING BODY TO REVIEW BEFORE IT WAS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S GOVERNING DOCUMENT, CONFLICT OF INTEREST POLICY, AND FINACIAL STATEMENTS ARE AVAILABLE FOR PUBLIC INSECTION UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0808716
IRS990/TotalAssetsEOYAmt0905227
IRS990/TotalAssetsGrp/BOYAmt0808716
IRS990/TotalAssetsGrp/EOYAmt0905227
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0334562
IRS990/TotalEmployeeCnt010
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0132693
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0159691
IRS990/TotalFunctionalExpensesGrp/TotalAmt0292384

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.86$0.13$9.73$5.25$4.42$0.83
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.86$0.04$8.90$3.99$3.55$0.44
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.05$0.41$8.46$4.15$3.82$0.33
2021Detailed filing. Detailed filing data is available for this year.$9.05$0.92$8.13$4.33$2.92$1.40
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.09$1.35$6.73$3.21$3.04$0.17
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.67$0.10$6.56$4.13$3.80$0.34
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.26$0.03$6.23$3.95$3.17$0.79
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.44$0.00$5.44$3.51$2.68$0.83
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.66$0.05$4.61$3.30$2.23$1.07
2015Detailed filing. Detailed filing data is available for this year.$3.58$0.05$3.53$3.19$1.99$1.20
2014Detailed filing. Detailed filing data is available for this year.$2.37$0.03$2.33$2.17$1.79$0.38
2013Detailed filing. Detailed filing data is available for this year.$1.98$0.02$1.95$2.47$1.51$0.96
2012XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.01$0.01$0.99$1.44$1.39$0.05
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.96$0.01$0.95$1.37$1.07$0.30
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.68$0.04$0.64$1.15$1.04$0.11