Civic Intelligence

Tango Mercurio Inc.

990EZ • Fiscal year 2024 • EIN 26-3451659

Jan 01, 2024 to Dec 31, 2024 • Filed on Apr 29, 2025

1306 O St NW Apt 202Washington, DC 20005

(703) 785-0638

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2024

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2024

Net Margin

30th percentile

-6.6%

Higher net margin than 30% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

86th percentile

$23,830

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 33.5% of source-year revenue.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

30th percentile

-12%

Faster asset growth than 30% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

64th percentile

15%

Faster revenue growth than 64% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Down

$32,794

Down $4,684 (-12%) from 2023

Net Assets

Down

$32,794

Down $4,684 (-12%) from 2023

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Up

$71,051

Up $9,153 (+15%) from 2023

Expenses

Up

$75,735

Up $14,262 (+23%) from 2023

Net Income

Down

-$4,684

Down $5,109 (-1202%) from 2023

Historical Trend

Balance Sheet Trend

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

$40K$30K$20K$10K$0Assets 2021: $29,129Net Assets 2021: $29,1292021Assets 2022: $37,053Net Assets 2022: $37,0532022Assets 2023: $37,478Net Assets 2023: $37,4782023Assets 2024: $32,794Net Assets 2024: $32,7942024

Highlighted filing

2024

Assets$32,794
Liabilities-
Net Assets$32,794

Operations Trend

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

$100K$50K$0-$50KRevenue 2021: $28,534Expenses 2021: $33,869Net Income 2021: -$5,3352021Revenue 2022: $61,691Expenses 2022: $53,767Net Income 2022: $7,9242022Revenue 2023: $61,898Expenses 2023: $61,473Net Income 2023: $4252023Revenue 2024: $71,051Expenses 2024: $75,735Net Income 2024: -$4,6842024

Highlighted filing

2024

Revenue$71,051
Expenses$75,735
Net Income-$4,684
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 29, 2025
Return Version
2024v5.0
Gross Receipts
$71,051
Mission and Program Overview

Mission

ArtsEductionInArgentineTango

Arts education in argentina tango

Program Services

DescriptionGrantsExpenses
DANCE PROGRAM - PROVIDED OVER 2000 CONTACT HOURS OF IMMERSIVE ARTS EXPERIENCE. IN 2024, TANGO MERCURIO DELIVERED AN EXTENSIVE PROGRAM OF MORE THAN 200 HOURS OF DANCE INSTRUCTION, SPANNING INDIVIDUAL CLASSES, SERIES, WORKSHOPS, AND WEEKEND INTENSIVE BOOT CAMP SESSIONS IN VARIOUS DC WARDS. HIGHLIGHTS FROM OUR 2024 PROGRAMMING INCLUDE: HOSTING BUENOS AIRES ARGENTINE TANGO MAESTRA VIRGINIA PANDOLFI AS OUR ARTIST IN RESIDENCE, CELEBRATING HISPANIC MONTH IN FALL 2024 WITH FREE OPEN-TO-ALL INTRODUCTION CLASSES AT LA COSECHA (UNION MARKET), AND RESUMING THE LIVE MUSIC PROGRAM WITH 4 PROFESSIONAL TANGO MUSICIANS PERFORMING AT OUR BI-WEEKLY TANGO SOCIAL EVENTS.-$65,735
FINANCIAL SUSTAINABILITY: MAINTAINED COMMITMENT TO OPERATING DEBT-FREE THROUGH EXPANDED FUNDING OPPORTUNITIES. BUILDING ON DCAH GRANTS RECEIVED IN 2022, AND 2023, TANGO MERCURIO FURTHER EXPANDED ITS FUNDING WITH A 63,303 GENERAL OPERATING SUPPORT GRANT AWARDED IN OCTOBER 2024, SUPPORTING OUR INITIATIVES CELEBRATING AND ENHANCING DIVERSITY IN THE DC TANGO COMMUNITY. FURTHERMORE, TANGO MERCURIO RECEIVED IN 2023 10,000 TO BE SPENT OVER TWO YEARS FROM THE MIHIR DESAI FOUNDATION TO SUPPORT FUNDRAISING ACTIVITIES AND STAFF COMPENSATION, REINFORCING OUR FINANCIAL STABILITY AND DEBT-FREE STATUS.-$5,000
PROMOTING DIVERSITY, EQUITY, AND INCLUSION: EXPANDED INCLUSIVITY INITIATIVES AND ENGAGEMENT, INCLUDING WITH MARGINALIZED GROUPS. TANGO MERCURIO HAS SIGNIFICANTLY EXPANDED ITS INCLUSIVITY INITIATIVES. NOTEWORTHY EVENTS INCLUDE HOSTING A FREE MOVIE SCREENING ON THE AFRICAN ROOTS OF TANGO DURING BLACK HISTORY MONTH 2025; FREE EVENTS DURING HISPANIC MONTH 2024; BRINGING TANGO EXPERIENCES TO SCHOOL STUDENTS AT MULTICULTURAL BELL SCHOOL; HOSTING THE FIRST DMV TANGO ORGANIZERS MEETING TO STRENGTHEN INCLUSIVITY AND COHESION WITHIN THE EXISTING TANGO COMMUNITY; AND INITIATING EXCITING PARTNERSHIPS WITH TWO NON-PROFIT DANCE STUDIOS IN NORTHEAST DC - THE DANCE PLACE AND JOY OF MOTION. THERE, WE OFFERED FREE INTRO CLASSES TO BRING TANGO TO THESE NEW DC COMMUNITIES AND ARE WORKING TO TRAIN SOME OF THEIR TEACHERS TO BECOME TANGO TEACHERS IN THEIR COMMUNITIES. FURTHERMORE, IN COLLABORATION WITH THE DC QUEER TANGO COLLECTIVE WE HOSTED A WEEKEND OF WORKSHOPS, PANEL DISCUSSION, AND DANCING WITH VISITING ARTISTS FROM ACROSS THE US DURING 2024 PRIDE MONTH.-$5,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
RAMU PYREDDYExecutive DiPT$23,830-$23,830
JONATHAN FERNANDESDirector & T-$0--
DAN SCHEUCHChair & Dire-$0--
JOERG SCHLATTERERDirector-$0--
CELINE ALLARDSecretary &-$0--
NATALIE DONAHUEDirector-$0--
MARNI SILVERMANDirector-$0--
Filing and Contact Details

Filer

Filer Name
Tango Mercurio Inc
EIN
26-3451659
Address
1306 O ST NW APT 202, WASHINGTON, DC 20005

Signing Officer

Name
Jonathan Fernandes
Title
Director & Treasurer
Signed
2025-04-29

Preparer

Firm
V Paul & Associates Pc
Address
1010 ROCKVILLE PIKE STE 603, ROCKVILLE, MD 20852
Preparer
Vijay Paul
Phone
3013159172
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses marketing 1,413 travel 6,884 insurance 984 merchant fees 1,564 online subscriptions 4,344 bank fee 50 license fee 714 administrative fee 237 misc tax 100 total 16,290

Form 990-ez, Part III, Line 28

Dance program - provided over 2000 contact hours of immersive arts experience. In 2024, tango mercurio delivered an extensive program of more than 200 hours of dance instruction, spanning individual classes, series, workshops, and weekend intensive boot camp sessions in various dc wards. Highlights from our 2024 programming include: hosting buenos aires argentine tango maestra virginia pandolfi as our artist in residence, celebrating hispanic month in fall 2024 with free open-to-all introduction classes at la cosecha (union market), and resuming the live music program with 4 professional tango musicians performing at our bi-weekly tango social events.

Form 990-ez, Part III, Line 29

Financial sustainability: maintained commitment to operating debt-free through expanded funding opportunities. Building on dcah grants received in 2022, and 2023, tango mercurio further expanded its funding with a 63,303 general operating support grant awarded in october 2024, supporting our initiatives celebrating and enhancing diversity in the dc tango community. Furthermore, tango mercurio received in 2023 10,000 to be spent over two years from the mihir desai foundation to support fundraising activities and staff compensation, reinforcing our financial stability and debt-free status.

Form 990-ez, Part III, Line 30

Promoting diversity, equity, and inclusion: expanded inclusivity initiatives and engagement, including with marginalized groups. Tango mercurio has significantly expanded its inclusivity initiatives. Noteworthy events include hosting a free movie screening on the african roots of tango during black history month 2025; free events during hispanic month 2024; bringing tango experiences to school students at multicultural bell school; hosting the first dmv tango organizers meeting to strengthen inclusivity and cohesion within the existing tango community; and initiating exciting partnerships with two non-profit dance studios in northeast dc - the dance place and joy of motion. There, we offered free intro classes to bring tango to these new dc communities and are working to train some of their teachers to become tango teachers in their communities. Furthermore, in collaboration with the dc queer tango collective we hosted a weekend of workshops, panel discussion, and dancing with visiting artists from across the us during 2024 pride month.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES MARKETING 1,413 TRAVEL 6,884 INSURANCE 984 MERCHANT FEES 1,564 ONLINE SUBSCRIPTIONS 4,344 BANK FEE 50 LICENSE FEE 714 ADMINISTRATIVE FEE 237 MISC TAX 100 TOTAL 16,290
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DANCE PROGRAM - PROVIDED OVER 2000 CONTACT HOURS OF IMMERSIVE ARTS EXPERIENCE. IN 2024, TANGO MERCURIO DELIVERED AN EXTENSIVE PROGRAM OF MORE THAN 200 HOURS OF DANCE INSTRUCTION, SPANNING INDIVIDUAL CLASSES, SERIES, WORKSHOPS, AND WEEKEND INTENSIVE BOOT CAMP SESSIONS IN VARIOUS DC WARDS. HIGHLIGHTS FROM OUR 2024 PROGRAMMING INCLUDE: HOSTING BUENOS AIRES ARGENTINE TANGO MAESTRA VIRGINIA PANDOLFI AS OUR ARTIST IN RESIDENCE, CELEBRATING HISPANIC MONTH IN FALL 2024 WITH FREE OPEN-TO-ALL INTRODUCTION CLASSES AT LA COSECHA (UNION MARKET), AND RESUMING THE LIVE MUSIC PROGRAM WITH 4 PROFESSIONAL TANGO MUSICIANS PERFORMING AT OUR BI-WEEKLY TANGO SOCIAL EVENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FINANCIAL SUSTAINABILITY: MAINTAINED COMMITMENT TO OPERATING DEBT-FREE THROUGH EXPANDED FUNDING OPPORTUNITIES. BUILDING ON DCAH GRANTS RECEIVED IN 2022, AND 2023, TANGO MERCURIO FURTHER EXPANDED ITS FUNDING WITH A 63,303 GENERAL OPERATING SUPPORT GRANT AWARDED IN OCTOBER 2024, SUPPORTING OUR INITIATIVES CELEBRATING AND ENHANCING DIVERSITY IN THE DC TANGO COMMUNITY. FURTHERMORE, TANGO MERCURIO RECEIVED IN 2023 10,000 TO BE SPENT OVER TWO YEARS FROM THE MIHIR DESAI FOUNDATION TO SUPPORT FUNDRAISING ACTIVITIES AND STAFF COMPENSATION, REINFORCING OUR FINANCIAL STABILITY AND DEBT-FREE STATUS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PROMOTING DIVERSITY, EQUITY, AND INCLUSION: EXPANDED INCLUSIVITY INITIATIVES AND ENGAGEMENT, INCLUDING WITH MARGINALIZED GROUPS. TANGO MERCURIO HAS SIGNIFICANTLY EXPANDED ITS INCLUSIVITY INITIATIVES. NOTEWORTHY EVENTS INCLUDE HOSTING A FREE MOVIE SCREENING ON THE AFRICAN ROOTS OF TANGO DURING BLACK HISTORY MONTH 2025; FREE EVENTS DURING HISPANIC MONTH 2024; BRINGING TANGO EXPERIENCES TO SCHOOL STUDENTS AT MULTICULTURAL BELL SCHOOL; HOSTING THE FIRST DMV TANGO ORGANIZERS MEETING TO STRENGTHEN INCLUSIVITY AND COHESION WITHIN THE EXISTING TANGO COMMUNITY; AND INITIATING EXCITING PARTNERSHIPS WITH TWO NON-PROFIT DANCE STUDIOS IN NORTHEAST DC - THE DANCE PLACE AND JOY OF MOTION. THERE, WE OFFERED FREE INTRO CLASSES TO BRING TANGO TO THESE NEW DC COMMUNITIES AND ARE WORKING TO TRAIN SOME OF THEIR TEACHERS TO BECOME TANGO TEACHERS IN THEIR COMMUNITIES. FURTHERMORE, IN COLLABORATION WITH THE DC QUEER TANGO COLLECTIVE WE HOSTED A WEEKEND OF WORKSHOPS, PANEL DISCUSSION, AND DANCING WITH VISITING ARTISTS FROM ACROSS THE US DURING 2024 PRIDE MONTH.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART III, LINE 28
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III, LINE 29
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III, LINE 30
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