Civic Intelligence

River North Dance Company

990 • Fiscal year 2015 • EIN 36-3789808

Jul 01, 2014 to Jun 30, 2015 • Filed on Feb 26, 2016

Refreshing map…

1016 N Dearborn ParkwayChicago, IL 60610

(312) 944-2888

Siviq Scores

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

Liabilities / Assets

99th percentile

4.98x

Higher debt load relative to assets than 99% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

66th percentile

0.25x

Higher debt load relative to revenue than 66% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

27th percentile

-5.4%

Higher net margin than 27% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

70th percentile

$101,068

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 7.7% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

1st percentile

-74%

Faster asset growth than 1% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

25th percentile

-7.4%

Faster revenue growth than 25% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Down

$64,499

Down $207,014 (-76%) from 2013

Net Assets

Down

-$256,878

Down $218,370 (-567%) from 2013

Liabilities

Up

$321,377

Up $11,356 (+3.7%) from 2013

Revenue

$1,304,875

No earlier filing loaded for comparison.

Expenses

Down

$1,375,013

Down $11,083 (-0.8%) from 2013

Net Income

-$70,138

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0-$200K-$400KAssets 2011: $251,572Liabilities 2011: $120,209Net Assets 2011: $131,3632011Assets 2012: $186,246Liabilities 2012: $273,410Net Assets 2012: -$87,1642012Assets 2013: $271,513Liabilities 2013: $310,021Net Assets 2013: -$38,5082013Assets 2015: $64,499Liabilities 2015: $321,377Net Assets 2015: -$256,8782015Assets 2016: $162,904Liabilities 2016: $416,097Net Assets 2016: -$253,1932016

Highlighted filing

2015

Assets$64,499
Liabilities$321,377
Net Assets-$256,878

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2011: $1,331,6132011Expenses 2012: $1,485,4572012Expenses 2013: $1,386,0962013Revenue 2015: $1,304,875Expenses 2015: $1,375,013Net Income 2015: -$70,1382015Revenue 2016: $597,628Expenses 2016: $593,943Net Income 2016: $3,6852016

Highlighted filing

2015

Revenue$1,304,875
Expenses$1,375,013
Net Income-$70,138
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Feb 26, 2016
Return Version
2014v6.0
Gross Receipts
$1,492,931
Mission and Program Overview

Mission

Present and promote contemporary jazz dance.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$120,937$28,823▼ $92,114
Prepaid Expenses and Deferred Charges$31,013$19,093▼ $11,920
Pledges and Grants Receivable$81,591$7,947▼ $73,644
Land, Buildings, and Equipment, Net$8,805$6,789▼ $2,016
Inventories for Sale or Use$1,446$1,847▲ $401
Total Assets$243,792$64,499▼ $179,293
Liabilities
Deferred Revenue-$195,759-
Mortgage Notes Payable Secured by Investment Property$226,490$95,730▼ $130,760
Accounts Payable and Accrued Expenses$18,310$29,888▲ $11,578
Total Liabilities$244,800$321,377▲ $76,577
Net Assets / Fund Balance
Temporarily Rstr Net Assets$195,605$0▼ $195,605
Unrestricted Net Assets$-196,613$-256,878▼ $60,265
Total Net Assets Fund Balance$-1,008$-256,878▼ $255,870
Total Liabilities and Net Assets / Fund Balance$243,792$64,499▼ $179,293

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$4,639$23,971$28,610
Equipment$2,150$430$2,580
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Frank ChavesArtistic DirectorFT$101,068$101,068

Board Members and Trustees

NameTitle
Karen HalePast President
Marcus BoggsPresident
Bernadette RasmussenDirector
Gary MetznerDirector
Jamey LundbladDirector
Jeff GrinspoonDirector
Lauren RobishawDirector
Mark ReevesDirector
Pamela AtkinsonDirector
Phil LumpkinDirector
Rhonda ThomasDirector
Barry KaplanMember at Large
Jordan GoodmanMember at Large
Timothy SherckPast Treasurer
Alison BaldwinSecretary
James HurleyTreasurer
Joe SeigleVP - Development
Suzanne LynchVP - Education
Austin WaldronVP - Governance
Revenue and Support

Revenue Composition

Contributions and Grants
$514,077
Program Service Revenue
$644,022
Investment Income
$0
Other Revenue
$146,776
All Other Contributions
$408,773
Change in Net Assets
$-70,138

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Other Non Cash Contri Table80$51,974
Total Noncash Contributions80$51,974

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,304,875
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$84,605
Total Revenue per Audited Statements
$1,389,480
Total Revenue per Form 990
$1,304,875
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$728,374
Salaries, Compensation, and Employee Benefits$646,639
Total Fundraising Expense$63,688
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$403,324$57,998$41,942$503,264
Current Officers, Directors, Trustees, and Key Employees$93,269--$93,269
Travel$81,264--$81,264
Fees for Services Accounting-$67,564-$67,564
Insurance$40,452$11,614-$52,066
Payroll Taxes$37,579$7,516$5,011$50,106
Office Expenses$9,555$21,447$5,994$36,996
Occupancy$17,115$19,800-$36,915
Advertising$36,409--$36,409
Other Expenses$30,253--$30,253
Fees for Services Other$13,019-$10,666$23,685
Interest-$8,533-$8,533
All Other Expenses$5,000-$75$5,075
Depreciation Depletion-$2,017-$2,017
Conferences and Meetings-$336-$336
Total Functional Expenses$1,114,500$196,825$63,688$1,375,013

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,459,618
Expenses per Audited Statements$1,375,013
Total Expenses per Form 990$1,375,013
Expenses Not Reported on Form 990$84,605
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$333,020
Fundraising Direct Expenses$188,056
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Benefit Perform$410,924$333,020$39,482$293,538
Total Events$410,924$333,020$188,056$144,964
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

Organization's process to review form 990: each member of the board of directors of river north dance company receives a copy of the form 990. After the board members have reviewed the form 990, they bring any possible errors to the organization's attention for correction.

Form 990, Part VI, Section B, Line 15

Compensation process for top officials: artistic director compensation was based on information from the national dance industry and local cultural not-for-profits. This process was last used on 10/11/2012 and documented accordingly.

Form 990, Part VI, Section C, Line 19

Governing documents disclosure explanation: disclosure of the governing documents and financial statements are made upon request during business hours at the organization's location.

Filing and Contact Details

Filer

Filer Name
River North Dance Company
EIN
36-3789808
Phone
3129442888
Address
1016 N DEARBORN PARKWAY, CHICAGO, IL 60610

Signing Officer

Name
James Hurley
Title
Treasurer
Phone
3129442888
Signed
2016-02-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marcus Boggs
Formed
1991
Legal Domicile
Il
Voting Board Members
19
Independent Board Members
19
Employees
22
Volunteers
67

Preparer

Firm
Bdo USA Llp
Address
8707 SKOKIE BLVD - SUITE 400, SKOKIE, IL 60077-2269
Preparer
David Weiner
Phone
8476762000
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The organization is exempt from income taxes under section 501 (c) (3) of the internal revenue code, except for net income derived from unrelated business activities. In addition, the organization qualifies for the charitable contribution deduction under section 170(b)(1)(a) and has been classified as an organization other than a private foundation under irc section 509(a). The organization's income tax filings are subject to audit by various taxing authorities. The organization's open audit periods are 2012 through the current year. In evaluating the organizations activities, management believes its position of tax-exempt status is based on current facts and circumstances and there have been no uncertain positions taken related to recording income taxes. In the opinion of management there are no activities unrelated to the purpose of the organization and therefore no tax is to be recognized. It is the policy of the organization to include in management and general expenses penalties and interest assessed by income taxing authorities. There are no penalties or interest from taxing authorities included in management and general expenses for the years ended june 30, 2015 and 2014.

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IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
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IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
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IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt019
IRS990/GovernmentGrantsAmt027400
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01492931
IRS990/GrossSalesOfInventoryAmt01812
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt019
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt011614
IRS990/InsuranceGrp/ProgramServicesAmt040452
IRS990/InsuranceGrp/TotalAmt052066
IRS990/InterestGrp/ManagementAndGeneralAmt08533
IRS990/InterestGrp/TotalAmt08533
IRS990/InventoriesForSaleOrUseGrp/BOYAmt01446
IRS990/InventoriesForSaleOrUseGrp/EOYAmt01847
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt046
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt024401
IRS990/LandBldgEquipBasisNetGrp/BOYAmt08805
IRS990/LandBldgEquipBasisNetGrp/EOYAmt06789
IRS990/LandBldgEquipCostOrOtherBssAmt031190
IRS990/LegalDomicileStateCd0IL
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0PRESENT AND PROMOTE CONTEMPORARY JAZZ DANCE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0226490
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt095730
IRS990/NetAssetsOrFundBalancesBOYAmt0-1008
IRS990/NetAssetsOrFundBalancesEOYAmt0-256878
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0144964
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0144964
IRS990/NetIncomeOrLossGrp/ExclusionAmt01812
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt01812
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoncashContributionsAmt051974
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt019800
IRS990/OccupancyGrp/ProgramServicesAmt017115
IRS990/OccupancyGrp/TotalAmt036915
IRS990/OfficeExpensesGrp/FundraisingAmt05994
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt021447
IRS990/OfficeExpensesGrp/ProgramServicesAmt09555
IRS990/OfficeExpensesGrp/TotalAmt036996
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0ARTISTIC FEES
IRS990/OtherExpensesGrp/Desc1WORKSHOP EXPENSES
IRS990/OtherExpensesGrp/Desc2PRODUCTION FEES
IRS990/OtherExpensesGrp/Desc3PRODUCTION EXPENSES
IRS990/OtherExpensesGrp/ProgramServicesAmt0263345
IRS990/OtherExpensesGrp/ProgramServicesAmt151166
IRS990/OtherExpensesGrp/ProgramServicesAmt232750
IRS990/OtherExpensesGrp/ProgramServicesAmt330253
IRS990/OtherExpensesGrp/TotalAmt0263345
IRS990/OtherExpensesGrp/TotalAmt151166
IRS990/OtherExpensesGrp/TotalAmt232750
IRS990/OtherExpensesGrp/TotalAmt330253
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt041942
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt057998
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0403324
IRS990/OtherSalariesAndWagesGrp/TotalAmt0503264
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt05011
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt07516
IRS990/PayrollTaxesGrp/ProgramServicesAmt037579
IRS990/PayrollTaxesGrp/TotalAmt050106
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt081591
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt07947
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt031013
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt019093
IRS990/PrincipalOfficerNm0MARCUS BOGGS
IRS990/PriorPeriodAdjustmentsAmt0-185732
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0711120
IRS990/ProgramServiceRevenueGrp/BusinessCd1711120
IRS990/ProgramServiceRevenueGrp/Desc0WORKSHOP FEES
IRS990/ProgramServiceRevenueGrp/Desc1PERFORMANCE FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0426180
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1217842
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0426180
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1217842
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0573920
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0667256
IRS990/PYOtherRevenueAmt0148294
IRS990/PYProgramServiceRevenueAmt0687409
IRS990/PYRevenuesLessExpensesAmt037499
IRS990/PYSalariesCompEmpBnftPaidAmt0704868
IRS990/PYTotalExpensesAmt01372124
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01409623
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-70138
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0644022
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0514077
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0573920
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0632521
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0527579
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0603050
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02851147
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt06
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt07
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt03031413
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.61660
IRS990ScheduleA/PublicSupportPY170Pct00.62940
IRS990ScheduleA/PublicSupportTotal170Amt02500628
IRS990ScheduleA/SubstantialContributorsTotAmt0350519
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0514077
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0573920
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0632521
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0527579
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0603050
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02851147
IRS990ScheduleA/TotalSupportAmt04055244
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearAmt0146776
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus1YearAmt0305658
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus2YearsAmt0363595
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus3YearsAmt0202090
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus4YearsAmt0185971
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt01204090
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED

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