Civic Intelligence

The Dance Exchange Inc.

990 • Fiscal year 2023 • EIN 52-1076232

Jul 01, 2022 to Jun 30, 2023 • Filed on May 14, 2024

7117 Maple AvenueTakoma Park, MD 20912

(301) 270-6700

Siviq Scores

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

Liabilities / Assets

81st percentile

0.42x

Higher debt load relative to assets than 81% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

82nd percentile

0.58x

Higher debt load relative to revenue than 82% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

63rd percentile

11%

Higher net margin than 63% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

51st percentile

$62,850

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 8.5% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

45th percentile

2.8%

Faster asset growth than 45% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

83rd percentile

50%

Faster revenue growth than 83% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$1,030,737

Up $28,142 (+2.8%) from 2022

Net Assets

Up

$600,566

Up $79,745 (+15%) from 2022

Liabilities

Down

$430,171

Down $51,603 (-11%) from 2022

Revenue

Up

$741,829

Up $247,538 (+50%) from 2022

Expenses

Up

$662,084

Up $140,011 (+27%) from 2022

Net Income

Up

$79,745

Up $107,527 (+387%) from 2022

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $1,471,583Liabilities 2011: $620,498Net Assets 2011: $851,0852011Assets 2012: $1,603,388Liabilities 2012: $536,583Net Assets 2012: $1,066,8052012Assets 2013: $1,214,524Liabilities 2013: $480,846Net Assets 2013: $733,6782013Assets 2014: $1,483,682Liabilities 2014: $504,363Net Assets 2014: $979,3192014Assets 2015: $1,113,812Liabilities 2015: $420,485Net Assets 2015: $693,3272015Assets 2016: $998,961Liabilities 2016: $387,735Net Assets 2016: $611,2262016Assets 2017: $922,433Liabilities 2017: $384,611Net Assets 2017: $537,8222017Assets 2018: $892,789Liabilities 2018: $370,342Net Assets 2018: $522,4472018Assets 2019: $906,379Liabilities 2019: $371,567Net Assets 2019: $534,8122019Assets 2020: $979,598Liabilities 2020: $500,690Net Assets 2020: $478,9082020Assets 2021: $925,597Liabilities 2021: $468,813Net Assets 2021: $456,7842021Assets 2022: $1,002,595Liabilities 2022: $481,774Net Assets 2022: $520,8212022Assets 2023: $1,030,737Liabilities 2023: $430,171Net Assets 2023: $600,5662023Assets 2024: $1,052,140Liabilities 2024: $364,329Net Assets 2024: $687,8112024

Highlighted filing

2023

Assets$1,030,737
Liabilities$430,171
Net Assets$600,566

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2011: $1,445,941Expenses 2011: $1,508,460Net Income 2011: -$62,5192011Revenue 2012: $1,137,485Expenses 2012: $921,765Net Income 2012: $215,7202012Revenue 2013: $367,172Expenses 2013: $700,299Net Income 2013: -$333,1272013Revenue 2014: $836,679Expenses 2014: $591,033Net Income 2014: $245,6462014Revenue 2015: $400,875Expenses 2015: $686,828Net Income 2015: -$285,9532015Revenue 2016: $341,005Expenses 2016: $423,155Net Income 2016: -$82,1502016Revenue 2017: $373,910Expenses 2017: $447,360Net Income 2017: -$73,4502017Revenue 2018: $520,327Expenses 2018: $535,682Net Income 2018: -$15,3552018Revenue 2019: $496,413Expenses 2019: $504,944Net Income 2019: -$8,5312019Revenue 2020: $495,571Expenses 2020: $551,475Net Income 2020: -$55,9042020Revenue 2021: $492,006Expenses 2021: $514,130Net Income 2021: -$22,1242021Revenue 2022: $494,291Expenses 2022: $522,073Net Income 2022: -$27,7822022Revenue 2023: $741,829Expenses 2023: $662,084Net Income 2023: $79,7452023Revenue 2024: $741,107Expenses 2024: $653,862Net Income 2024: $87,2452024

Highlighted filing

2023

Revenue$741,829
Expenses$662,084
Net Income$79,745
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 14, 2024
Return Version
2022v5.0
Gross Receipts
$745,394
Mission and Program Overview

Mission

The mission of the dance exchange is to create dances that arise from asking: who gets to dance? Where is the dance happening? What is it about? Why does it matter? Dance exchange is an intergenerational company of artists that creates dance and engages people in making art. We serve as an incubator for creative research, bringing ideas to action through collaborations that range from experts in the field of dance to unexpected movers and makers. Through these exchanges we stretch the boundaries between the studio, stage, and other environments to make dances that are rooted in the particularity of people and place. We recognize the body and movement as an essential resource to understand and investigate across disciplines. Through local, national, international, and online projects we gather and create community to contribute to a healthy and more sustainable environment.

Dance exchange is a company of artists that creates dance and engages people in making art.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$679,507$616,240▼ $63,267
Pledges and Grants Receivable$74,330$192,500▲ $118,170
Savings and Temporary Cash Investments$200,108$120,153▼ $79,955
Cash and Non-Interest-Bearing Accounts$20,899$96,918▲ $76,019
Inventories for Sale or Use$7,376$3,811▼ $3,565
Accounts Receivable$20,269$1,008▼ $19,261
Investments in Publicly Traded Securities$106$107▲ $1
Total Assets$1,002,595$1,030,737▲ $28,142
Liabilities
Mortgage Notes Payable Secured by Investment Property$448,975$394,969▼ $54,006
Other Liabilities$1,010$31,010▲ $30,000
Deferred Revenue$28,000--
Accounts Payable and Accrued Expenses$3,789$4,192▲ $403
Total Liabilities$481,774$430,171▼ $51,603
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$447,159$408,066▼ $39,093
Net Assets With Donor Restrictions$73,662$192,500▲ $118,838
Total Net Assets Fund Balance$520,821$600,566▲ $79,745
Total Liabilities and Net Assets / Fund Balance$1,002,595$1,030,737▲ $28,142

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$460,278$976,683$1,436,961
Buildings$26,823$375,522$402,345
Equipment$28,553$167,276$195,829
Land$100,586-$100,586
Other Land Buildings$0$4,843$4,843
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Mary C MeadorExecutive Artistic DirectoFT$62,850$62,850
Silvia RobertsManaging DirectorFT$62,250$62,250

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$462,854
Program Service Revenue
$277,971
Investment Income
$0
Other Revenue
$1,004
All Other Contributions
$236,785
Change in Net Assets
$79,745

Audited Revenue Reconciliation

Revenue per Audited Statements
$741,829
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$6,683
Total Revenue per Audited Statements
$748,512
Total Revenue per Form 990
$741,829
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$353,246
Salaries, Compensation, and Employee Benefits$308,838
Total Fundraising Expense$59,505
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$113,804$36,713$16,535$167,052
Current Officers, Directors, Trustees, and Key Employees$97,346$6,414$14,942$118,702
Depreciation Depletion$47,920$9,788$7,144$64,852
Fees for Services Other-$55,679-$55,679
Office Expenses$28,037$4,206$3,070$35,313
Travel$28,863--$28,863
Occupancy$19,492$3,981$2,906$26,379
Interest$15,631$6,137$2,330$24,098
Payroll Taxes$17,057$3,484$2,543$23,084
Other Expenses$16,458$3,361$2,453$22,272
Advertising-$9,889$6,655$16,544
Insurance$6,219$1,270$927$8,416
Royalties$1,107--$1,107
Total Functional Expenses$461,657$140,922$59,505$662,084

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$668,767
Expenses per Audited Statements$662,084
Total Expenses per Form 990$662,084
Expenses Not Reported on Form 990$6,683
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Refundable Grant Advance$30,000
Security Deposit$1,010
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
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, Section B, Line 11B

The finance committee reviews the form 990.

Form 990, Part VI, Section B, Line 12C

Each board member is required to fill out and sign the conflict of interest form annually.

Form 990, Part VI, Section B, Line 15A

Officer compensation is determined based on merit and cola increases. The dance exchange has set a predetermined cap of $70,000. Any adjustments to officer compensation is discussed with the finance committee each year and is incorporated into the budget.

Form 990, Part VI, Section C, Line 18

Upon request and on the guidestar website

Form 990, Part VI, Section C, Line 19

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
The Dance Exchange Inc
EIN
52-1076232
Phone
3012706700
Address
7117 MAPLE AVENUE, TAKOMA PARK, MD 20912

Signing Officer

Name
Silvia Roberts
Title
Managing Director
Phone
3012706700
Signed
2024-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Silvia Roberts
Formed
1976
Legal Domicile
Md
Voting Board Members
6
Independent Board Members
6
Employees
9
Volunteers
25

Preparer

Firm
Sikich LLC
Address
333 JOHN CARLYLE STREET SUITE 500, ALEXANDRIA, VA 22314
Preparer
Jill M Boyle CPA
Phone
7038361350
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The process has not changed from the prior year.

Financial Statement Notes

PART X, LINE 2:

The organization is exempt from federal and local income taxes under section 501(c)(3) of the internal revenue code on income derived from activities related to its exempt purpose. The organization is not classified as a private foundation. The organization is not aware of any activities that would jeopardize their tax-exempt status that would require recognition in the accompanying financial statements. Generally, tax returns are subject to examination by taxing authorities for up to three years from the date a completed return is filed. If material omissions of income exist, tax returns may be subject to examination for up to six years. It is the organization's policy to disclose interest and/or penalties related to uncertain tax positions, if any, in the accompanying financial statements. As of june 30, 2023 and 2022, the organization had no uncertain tax positions which should be disclosed. The organization is no longer subject to u.s. Federal or state examinations by tax authorities for tax years prior to 2019.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Cost of goods sold 3,565.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Cost of goods sold 3,565.

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IRS990/OtherExpensesGrp/Desc1REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/FundraisingAmt02453
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03361
IRS990/OtherExpensesGrp/ProgramServicesAmt069723
IRS990/OtherExpensesGrp/ProgramServicesAmt116458
IRS990/OtherExpensesGrp/TotalAmt069723
IRS990/OtherExpensesGrp/TotalAmt122272
IRS990/OtherLiabilitiesGrp/BOYAmt01010
IRS990/OtherLiabilitiesGrp/EOYAmt031010
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER REVENUE
IRS990/OtherRevenueMiscGrp/ExclusionAmt0487
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0487
IRS990/OtherRevenueTotalAmt0487
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt016535
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt036713
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0113804
IRS990/OtherSalariesAndWagesGrp/TotalAmt0167052
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt02543
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03484
IRS990/PayrollTaxesGrp/ProgramServicesAmt017057
IRS990/PayrollTaxesGrp/TotalAmt023084
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt074330
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0192500
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0SILVIA ROBERTS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0277971
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0277971
IRS990/ProgSrvcAccomActy2Grp/Desc0SHARING ART-MAKING TECHNIQUES AND TOOLS WITH LOCAL, NATIONAL, AND INTERNATIONAL ARTISTS AND CHOREOGRAPHERS THROUGH WEEKLY CLASSES, PUBLIC EVENTS, INTERACTIVE EXPERIENCES, AND INSTITUTES. USING PRACTICES FROM THE DANCE EXCHANGE TOOLBOX, LIZ LERMAN'S CRITICAL RESPONSE PROCESS AND CASSIE MEADOR'S MOVING FIELD GUIDES, DANCE EXCHANGE ENGAGES PARTICIPANTS OF ALL AGES IN DISCUSSIONS ABOUT CREATIVE RESEARCH THAT BRIDGES ARTISTS, SCIENTISTS, COMMUNITY MEMBERS, HISTORIANS AND TEACHERS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt092331
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt013374
IRS990/ProgSrvcAccomActy3Grp/Desc0PROVIDING A CREATIVE AND COMMUNITY HUB IN TAKOMA PARK FOR OVER 150 SMALL CREATIVE ARTS BUSINESSES WHO RENT STUDIO SPACE TO CONDUCT CLASSES AND HOST REHEARSALS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0115414
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0211763
IRS990/ProgSrvcAccomActyOtherGrp/Desc0THROUGH OAC, DANCE EXCHANGE CONNECTS, SUPPORTS, AND GROWS THE NATIONAL NETWORK OF SOCIALLY ENGAGED ARTISTS. WE HOST INSTITUTES TWICE ANNUALLY REACHING OVER 60 ARTISTS AND 200 AUDIENCE MEMBERS.
IRS990/ProgSrvcAccomActyOtherGrp/Desc1OTHER
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt046166
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt02379
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt1517
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0373507
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0135
IRS990/PYOtherExpensesAmt0250611
IRS990/PYOtherRevenueAmt091153
IRS990/PYProgramServiceRevenueAmt029496
IRS990/PYRevenuesLessExpensesAmt0-27782
IRS990/PYSalariesCompEmpBnftPaidAmt0271462
IRS990/PYTotalExpensesAmt0522073
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0494291
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt079745
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt050455
IRS990/RoyaltiesGrp/ProgramServicesAmt01107
IRS990/RoyaltiesGrp/TotalAmt01107
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0200108
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0120153
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER - 2018 AMOUNT: $ 42. 2019 AMOUNT: $ 58. 2020 AMOUNT: $ 425. 2021 AMOUNT: $ 7,680. 2022 AMOUNT: $ 517.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0462854
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0373507
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0426774
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0263552
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0158773
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01685460
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0139837
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt053365
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt093641
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0124690
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0411533
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0769656
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0517
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt07680
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0425
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt058
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt042
IRS990ScheduleA/OtherIncome170Grp/TotalAmt08722
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.73780
IRS990ScheduleA/PublicSupportPY170Pct00.64000
IRS990ScheduleA/PublicSupportTotal170Amt01553544
IRS990ScheduleA/SubstantialContributorsTotAmt0131916
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0462854
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0373507
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0426774
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0263552
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0158773
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01685460
IRS990ScheduleA/TotalSupportAmt02105715
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/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt026823
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0375522
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0402345
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt03118
IRS990ScheduleD/DonatedServicesUseFcltsAmt03118
IRS990ScheduleD/EquipmentGrp/BookValueAmt028553
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0167276
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0195829
IRS990ScheduleD/ExpensesNotReportedAmt06683
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0662084
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0100586
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0100586
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0460278
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0976683
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01436961
IRS990ScheduleD/OtherExpensesIncludedAmt03565
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt04843
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt04843
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01010
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt130000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSIT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1REFUNDABLE GRANT ADVANCE
IRS990ScheduleD/OtherRevenueAmt03565
IRS990ScheduleD/RevenueNotReportedAmt06683
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0741829
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM FEDERAL AND LOCAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ON INCOME DERIVED FROM ACTIVITIES RELATED TO ITS EXEMPT PURPOSE. THE ORGANIZATION IS NOT CLASSIFIED AS A PRIVATE FOUNDATION. THE ORGANIZATION IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE THEIR TAX-EXEMPT STATUS THAT WOULD REQUIRE RECOGNITION IN THE ACCOMPANYING FINANCIAL STATEMENTS. GENERALLY, TAX RETURNS ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES FOR UP TO THREE YEARS FROM THE DATE A COMPLETED RETURN IS FILED. IF MATERIAL OMISSIONS OF INCOME EXIST, TAX RETURNS MAY BE SUBJECT TO EXAMINATION FOR UP TO SIX YEARS. IT IS THE ORGANIZATION'S POLICY TO DISCLOSE INTEREST AND/OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, IN THE ACCOMPANYING FINANCIAL STATEMENTS. AS OF JUNE 30, 2023 AND 2022, THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS WHICH SHOULD BE DISCLOSED. THE ORGANIZATION IS NO LONGER SUBJECT TO U.S. FEDERAL OR STATE EXAMINATIONS BY TAX AUTHORITIES FOR TAX YEARS PRIOR TO 2019.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1COST OF GOODS SOLD 3,565.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2COST OF GOODS SOLD 3,565.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0616240
IRS990ScheduleD/TotalExpensesPerForm990Amt0662084
IRS990ScheduleD/TotalLiabilityAmt031010
IRS990ScheduleD/TotalRevenuePerForm990Amt0741829
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0748512
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0668767
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FINANCE COMMITTEE REVIEWS THE FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH BOARD MEMBER IS REQUIRED TO FILL OUT AND SIGN THE CONFLICT OF INTEREST FORM ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2OFFICER COMPENSATION IS DETERMINED BASED ON MERIT AND COLA INCREASES. THE DANCE EXCHANGE HAS SET A PREDETERMINED CAP OF $70,000. ANY ADJUSTMENTS TO OFFICER COMPENSATION IS DISCUSSED WITH THE FINANCE COMMITTEE EACH YEAR AND IS INCORPORATED INTO THE BUDGET.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UPON REQUEST AND ON THE GUIDESTAR WEBSITE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MD
IRS990/StatesWhereCopyOfReturnIsFldCd1NY
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.05$0.36$0.69$0.74$0.65$0.09
2023Detailed filing. Detailed filing data is available for this year.$1.03$0.43$0.60$0.74$0.66$0.08
2022Detailed filing. Detailed filing data is available for this year.$1.00$0.48$0.52$0.49$0.52$0.03
2021Detailed filing. Detailed filing data is available for this year.$0.93$0.47$0.46$0.49$0.51$0.02
2020Detailed filing. Detailed filing data is available for this year.$0.98$0.50$0.48$0.50$0.55$0.06
2019Detailed filing. Detailed filing data is available for this year.$0.91$0.37$0.53$0.50$0.50$0.01
2018Detailed filing. Detailed filing data is available for this year.$0.89$0.37$0.52$0.52$0.54$0.02
2017Detailed filing. Detailed filing data is available for this year.$0.92$0.38$0.54$0.37$0.45$0.07
2016Detailed filing. Detailed filing data is available for this year.$1.00$0.39$0.61$0.34$0.42$0.08
2015Detailed filing. Detailed filing data is available for this year.$1.11$0.42$0.69$0.40$0.69$0.29
2014Summary only. Only limited summary data is available for this year.$1.48$0.50$0.98$0.84$0.59$0.25
2013Summary only. Only limited summary data is available for this year.$1.21$0.48$0.73$0.37$0.70$0.33
2012Summary only. Only limited summary data is available for this year.$1.60$0.54$1.07$1.14$0.92$0.22
2011Summary only. Only limited summary data is available for this year.$1.47$0.62$0.85$1.45$1.51$0.06