Civic Intelligence

Ragamala Dance

990 • Fiscal year 2016 • EIN 41-1747144

Aug 01, 2015 to Jul 31, 2016 • Filed on Jan 24, 2017

711 W Lake StreetMinneapolis, MN 55408

(612) 824-1968

Siviq Scores

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

Liabilities / Assets

60th percentile

0.09x

Higher debt load relative to assets than 60% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

58th percentile

0.07x

Higher debt load relative to revenue than 58% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

19th percentile

-13%

Higher net margin than 19% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2016

Asset Growth

16th percentile

-10%

Faster asset growth than 16% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

11th percentile

-32%

Faster revenue growth than 11% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Down

$487,103

Down $56,362 (-10%) from 2015

Net Assets

Down

$443,181

Down $83,374 (-16%) from 2015

Liabilities

Up

$43,922

Up $27,012 (+160%) from 2015

Revenue

Down

$651,547

Down $303,556 (-32%) from 2015

Expenses

Up

$734,921

Up $76,718 (+12%) from 2015

Net Income

Down

-$83,374

Down $380,274 (-128%) from 2015

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2011: $271,626Liabilities 2011: $8,208Net Assets 2011: $263,4182011Assets 2012: $273,897Liabilities 2012: $19,911Net Assets 2012: $253,9862012Assets 2013: $227,755Liabilities 2013: $12,891Net Assets 2013: $214,8642013Assets 2014: $283,499Liabilities 2014: $53,844Net Assets 2014: $229,6552014Assets 2015: $543,465Liabilities 2015: $16,910Net Assets 2015: $526,5552015Assets 2016: $487,103Liabilities 2016: $43,922Net Assets 2016: $443,1812016Assets 2017: $378,219Liabilities 2017: $71,091Net Assets 2017: $307,1282017Assets 2018: $432,636Liabilities 2018: $39,549Net Assets 2018: $393,0872018Assets 2019: $382,060Liabilities 2019: $43,423Net Assets 2019: $338,6372019Assets 2020: $465,011Liabilities 2020: $118,941Net Assets 2020: $346,0702020Assets 2021: $577,914Liabilities 2021: $136,583Net Assets 2021: $441,3312021Assets 2022: $767,697Liabilities 2022: $87,947Net Assets 2022: $679,7502022Assets 2023: $757,111Liabilities 2023: $204,146Net Assets 2023: $552,9652023Assets 2024: $693,652Liabilities 2024: $166,319Net Assets 2024: $527,3332024Assets 2025: $976,375Liabilities 2025: $84,007Net Assets 2025: $892,3682025

Highlighted filing

2016

Assets$487,103
Liabilities$43,922
Net Assets$443,181

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $453,888Expenses 2011: $450,508Net Income 2011: $3,3802011Expenses 2012: $671,9622012Expenses 2013: $508,0892013Revenue 2014: $581,610Expenses 2014: $566,819Net Income 2014: $14,7912014Revenue 2015: $955,103Expenses 2015: $658,203Net Income 2015: $296,9002015Revenue 2016: $651,547Expenses 2016: $734,921Net Income 2016: -$83,3742016Revenue 2017: $605,535Expenses 2017: $741,588Net Income 2017: -$136,0532017Revenue 2018: $803,493Expenses 2018: $717,534Net Income 2018: $85,9592018Revenue 2019: $722,242Expenses 2019: $776,692Net Income 2019: -$54,4502019Revenue 2020: $713,224Expenses 2020: $705,791Net Income 2020: $7,4332020Revenue 2021: $632,846Expenses 2021: $537,585Net Income 2021: $95,2612021Revenue 2022: $1,221,036Expenses 2022: $982,617Net Income 2022: $238,4192022Revenue 2023: $754,056Expenses 2023: $880,841Net Income 2023: -$126,7852023Revenue 2024: $916,426Expenses 2024: $942,058Net Income 2024: -$25,6322024Revenue 2025: $1,363,875Expenses 2025: $998,840Net Income 2025: $365,0352025

Highlighted filing

2016

Revenue$651,547
Expenses$734,921
Net Income-$83,374
Jump To
Filing Snapshot
Filing Period
Aug 1, 2015 to Jul 31, 2016
Signed
Jan 24, 2017
Return Version
2015v3.0
Gross Receipts
$653,701
Mission and Program Overview

Mission

Mission statement: Ragamala creates interdisciplinary, intercultural dance landscapes at the nexus of ancestral wisdom and creative freedom. Rooted in the South Indian dance form of Bharatanatyam, Ragamala serves audiences, artists, and students -- at home in the Twin Cities, and on tour worldwide.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$386,201$326,200▼ $60,001
Savings and Temporary Cash Investments$127,450$134,821▲ $7,371
Prepaid Expenses and Deferred Charges$13,746$10,868▼ $2,878
Land, Buildings, and Equipment, Net$14,436$9,997▼ $4,439
Accounts Receivable-$3,630-
Cash and Non-Interest-Bearing Accounts$67$22▼ $45
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$543,465$487,103▼ $56,362
Other Assets Total$1,565$1,565→ $0
Liabilities
Accounts Payable and Accrued Expenses$9,447$25,974▲ $16,527
Deferred Revenue$7,463$12,948▲ $5,485
Other Liabilities-$5,000-
Total Liabilities$16,910$43,922▲ $27,012
Net Assets / Fund Balance
Temporarily Rstr Net Assets$481,970$438,686▼ $43,284
Unrestricted Net Assets$44,585$4,495▼ $40,090
Total Net Assets Fund Balance$526,555$443,181▼ $83,374
Total Liabilities and Net Assets / Fund Balance$543,465$487,103▼ $56,362

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$9,997$25,368$35,365
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Aparna RamaswamyArtistic DirectFT$59,088$59,088
Ranee RamaswamyArtistic DirectFT$54,324$54,324
Louise RobinsonManaging DirectPT$25,884$25,884

Board Members and Trustees

NameTitle
Sunitha VaradhanPresident
James WilkinsonVice President
Briar AndresenDirector
Nithya BalakrishnanDirector
Padma NaiduDirector
Pratap NaiduDirector
Rachel SofferDirector
Risha LeeDirector
Sara DaggettDirector
Dheenu SivalingamTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$398,635
Program Service Revenue
$251,233
Investment Income
$15
Other Revenue
$1,664
All Other Contributions
$268,099
Change in Net Assets
$-83,374

Audited Revenue Reconciliation

Revenue per Audited Statements
$651,547
Total Revenue per Audited Statements
$651,547
Total Revenue per Form 990
$651,547
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$388,335
Salaries, Compensation, and Employee Benefits$346,586
Total Fundraising Expense$77,532
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$123,801$19,180$31,387$174,368
Current Officers, Directors, Trustees, and Key Employees$98,900$15,323$25,073$139,296
Office Expenses$40,506$1,821$3,186$45,513
Payroll Taxes$17,223$2,668$4,366$24,257
Fees for Services Other$9,150$12,162-$21,312
Advertising$20,056--$20,056
Other Employee Benefits$6,153$953$1,559$8,665
Other Expenses$22,466$4,213$5,641$5,641
Depreciation Depletion-$4,439-$4,439
All Other Expenses$36--$36
Total Functional Expenses$596,630$60,759$77,532$734,921

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$734,921
Total Expenses per Audited Statements$734,921
Total Expenses per Form 990$734,921
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$3,593
Fundraising Direct Expenses$2,154
Professional Fundraising Fees$0
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
Funds Held for Others$5,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
Other officer compensation reviewed
Yes
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 2: Description of Business or Family Relationship of Officers, Directors, Et

Ranee Ramaswamy, Artistic Director, and Aparna Ramaswamy, Artistic Director and board member are mother and daughter

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

First reviewed by Executive/Finance Committee, then presented to full board for review and acceptance before being signed and filed.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

New board members sign policy when joining board, then all board sign annually at first meeting of new fiscal year.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

For Managing Director and Artistic Directors Dance USA (a national service organization for dance community) was consulted for comparable data. Salary statistics published by the Minnesota council of Nonprofits are consulted. Directors' salaries are reviewed and set by the Finance Committee, then full salary budget is reviewed and approved by the full Board.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

For Managing Director and Artistic Directors Dance USA (a national service organization for dance community) was consulted for comparable data. Directors' salaries are reviewed and set by the Finance Committee, then full salary budget is reviewed and approved by full board.

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

Not actively published, but available on request

Filing and Contact Details

Filer

Filer Name
Ragamala Dance
EIN
41-1747144
Phone
6128241968
Address
711 W Lake Street, Minneapolis, MN 55408

Signing Officer

Name
Louise Robinson
Title
Managing Director
Signed
2017-01-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sunitha Varadhan
Formed
1992
Legal Domicile
Mn
Voting Board Members
9
Independent Board Members
8
Employees
13
Volunteers
34

Preparer

Firm
Carpenter Evert & Associates
Address
7760 France Ave S 940, Bloomington, MN 55435
Preparer
Matt Pillsbury
Phone
9528310085
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2: Change of Oversight or Selection Process

Finance Committee

Financial Statement Notes

Part X : FIN48 Footnote

The Organization has a tax-exempt status under Section 501(c)(3) of the Internal Revenue Code and has adopted Accounting for Uncertainty in Income Taxes, ASC 740-10. The Organization's policy is to evaluate uncertain tax positions, at least annually, for the potential for income tax exposure from unrelated business income or from loss of nonprofit status. The Organization continues to operate consistent with its original exemption application and each year takes the necessary actions to maintain its exempt status. It has been classified as an organization that is not a private foundation under the Internal Revenue Code and charitable contributions by donors are tax deductible.

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IRS990/MissionDesc0Mission statement: Ragamala creates interdisciplinary, intercultural dance landscapes at the nexus of ancestral wisdom and creative freedom. Rooted in the South Indian dance form of Bharatanatyam, Ragamala serves audiences, artists, and students -- at home in the Twin Cities, and on tour worldwide.
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.98$0.08$0.89$1.36$1.00$0.37
2024Detailed filing. Detailed filing data is available for this year.$0.69$0.17$0.53$0.92$0.94$0.03
2023Detailed filing. Detailed filing data is available for this year.$0.76$0.20$0.55$0.75$0.88$0.13
2022Detailed filing. Detailed filing data is available for this year.$0.77$0.09$0.68$1.22$0.98$0.24
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.58$0.14$0.44$0.63$0.54$0.10
2020Detailed filing. Detailed filing data is available for this year.$0.47$0.12$0.35$0.71$0.71$0.01
2019Detailed filing. Detailed filing data is available for this year.$0.38$0.04$0.34$0.72$0.78$0.05
2018Detailed filing. Detailed filing data is available for this year.$0.43$0.04$0.39$0.80$0.72$0.09
2017Detailed filing. Detailed filing data is available for this year.$0.38$0.07$0.31$0.61$0.74$0.14
2016Detailed filing. Detailed filing data is available for this year.$0.49$0.04$0.44$0.65$0.73$0.08
2015Detailed filing. Detailed filing data is available for this year.$0.54$0.02$0.53$0.96$0.66$0.30
2014Detailed filing. Detailed filing data is available for this year.$0.28$0.05$0.23$0.58$0.57$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.23$0.01$0.21$0.51
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.27$0.02$0.25$0.67
2011Summary only. Only limited summary data is available for this year.$0.27$0.01$0.26$0.45$0.45$0.00