Civic Intelligence

Dancefx Inc

990 • Fiscal year 2017 • EIN 58-2574649

Aug 01, 2016 to Jul 31, 2017 • Filed on Mar 15, 2018

396 Foundry StAthens, GA 30601

(706) 355-3078

Siviq Scores

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

Liabilities / Assets

91st percentile

0.81x

Higher debt load relative to assets than 91% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

77th percentile

0.24x

Higher debt load relative to revenue than 77% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

26th percentile

-5.5%

Higher net margin than 26% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2017

Asset Growth

9th percentile

-19%

Faster asset growth than 9% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

31st percentile

-4.2%

Faster revenue growth than 31% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Down

$247,565

Down $58,764 (-19%) from 2016

Net Assets

Down

$47,915

Down $82,519 (-63%) from 2016

Liabilities

Up

$199,650

Up $23,755 (+14%) from 2016

Revenue

Down

$821,326

Down $35,603 (-4.2%) from 2016

Expenses

Up

$866,308

Up $28,748 (+3.4%) from 2016

Net Income

Down

-$44,982

Down $64,351 (-332%) from 2016

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2010: $117,789Liabilities 2010: $6,451Net Assets 2010: $111,3382010Assets 2011: $137,389Liabilities 2011: $2,752Net Assets 2011: $134,6372011Assets 2012: $150,534Liabilities 2012: $47,824Net Assets 2012: $102,7102012Assets 2013: $145,374Liabilities 2013: $44,408Net Assets 2013: $100,9662013Assets 2014: $237,419Liabilities 2014: $86,927Net Assets 2014: $150,4922014Assets 2015: $316,067Liabilities 2015: $205,002Net Assets 2015: $111,0652015Assets 2016: $306,329Liabilities 2016: $175,895Net Assets 2016: $130,4342016Assets 2017: $247,565Liabilities 2017: $199,650Net Assets 2017: $47,9152017Assets 2018: $194,825Liabilities 2018: $166,833Net Assets 2018: $27,9922018Assets 2019: $202,318Liabilities 2019: $102,493Net Assets 2019: $99,8252019Assets 2020: $300,101Liabilities 2020: $239,517Net Assets 2020: $60,5842020Assets 2021: $335,029Liabilities 2021: $187,940Net Assets 2021: $147,0892021Assets 2022: $179,331Liabilities 2022: $33,232Net Assets 2022: $146,0992022Assets 2023: $142,023Liabilities 2023: $33,102Net Assets 2023: $108,9212023Assets 2024: $149,629Liabilities 2024: $33,102Net Assets 2024: $116,5272024

Highlighted filing

2017

Assets$247,565
Liabilities$199,650
Net Assets$47,915

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $333,3492010Expenses 2011: $514,4182011Expenses 2012: $670,1862012Expenses 2013: $900,2742013Revenue 2014: $934,995Expenses 2014: $885,469Net Income 2014: $49,5262014Revenue 2015: $898,603Expenses 2015: $938,030Net Income 2015: -$39,4272015Revenue 2016: $856,929Expenses 2016: $837,560Net Income 2016: $19,3692016Revenue 2017: $821,326Expenses 2017: $866,308Net Income 2017: -$44,9822017Revenue 2018: $864,650Expenses 2018: $884,573Net Income 2018: -$19,9232018Revenue 2019: $1,048,791Expenses 2019: $976,958Net Income 2019: $71,8332019Revenue 2020: $744,594Expenses 2020: $783,835Net Income 2020: -$39,2412020Revenue 2021: $831,128Expenses 2021: $785,323Net Income 2021: $45,8052021Revenue 2022: $966,165Expenses 2022: $967,155Net Income 2022: -$9902022Revenue 2023: $853,017Expenses 2023: $890,195Net Income 2023: -$37,1782023Revenue 2024: $899,064Expenses 2024: $891,458Net Income 2024: $7,6062024

Highlighted filing

2017

Revenue$821,326
Expenses$866,308
Net Income-$44,982
Jump To
Filing Snapshot
Filing Period
Aug 1, 2016 to Jul 31, 2017
Signed
Mar 15, 2018
Return Version
2016v3.0
Gross Receipts
$821,326
Mission and Program Overview

Mission

Dancefx is dedicated to bringing professional quality, cutting edge dance to the Southeast while providing a continuing dance education and performance outlet for dancers and artist to express themselves creatively through programs offered.

Balance Sheet Detail
LineBeginningEndChange
Assets
Inventories for Sale or Use$135,887$130,000▼ $5,887
Land, Buildings, and Equipment, Net$121,793$117,565▼ $4,228
Loans From Officers Directors$32,142$33,102▲ $960
Cash and Non-Interest-Bearing Accounts$11,111--
Total Assets$268,791$247,565▼ $21,226
Liabilities
Mortgage Notes Payable Secured by Investment Property$126,642$111,271▼ $15,371
Other Liabilities-$48,241-
Accounts Payable and Accrued Expenses$17,111$7,036▼ $10,075
Total Liabilities$175,895$199,650▲ $23,755
Net Assets / Fund Balance
Unrestricted Net Assets$92,896$47,915▼ $44,981
Total Net Assets Fund Balance$92,896$47,915▼ $44,981
Total Liabilities and Net Assets / Fund Balance$268,791$247,565▼ $21,226

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$117,566$46,864$164,430
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Allison HaynExecutive DiFT$34,713$34,713
Kaitlin ButcherYouth DirectFT$33,979$33,979

Board Members and Trustees

NameTitle
Daniel R MasonSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$9,706
Program Service Revenue
$717,009
Investment Income
$0
Other Revenue
$94,611
All Other Contributions
$7,175
Change in Net Assets
$-44,982
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$595,364
Salaries, Compensation, and Employee Benefits$265,027
Total Fundraising Expense$12,569
Grants and Similar Amounts Paid$5,917
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$187,927$20,881-$208,808
Fees for Services Other$158,675--$158,675
Other Salaries and Wages$104,107$34,703-$138,810
Current Officers, Directors, Trustees, and Key Employees$63,192$40,500$3,000$106,692
Office Expenses$1,038$13,848$4,671$19,557
Payroll Taxes$14,644$3,905$976$19,525
Interest-$16,290-$16,290
Insurance$13,382$2,362-$15,744
Travel$14,960--$14,960
All Other Expenses$7,889$5,989-$13,878
Advertising$3,431-$3,431$6,862
Grants to Domestic Individuals$5,917--$5,917
Other Expenses$2,542$2,542-$5,084
Information Technology-$3,977$491$4,468
Depreciation Depletion$2,113$2,115-$4,228
Conferences and Meetings$1,510--$1,510
Total Functional Expenses$706,627$147,112$12,569$866,308
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$32,142$33,102▲ $960
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Credit Card - Amex$38,958
Negative Cash Balance$6,253
Payroll Taxes$3,030
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Form 990 reviewed by directors prior to filing.

Form 990, Page 6, Part VI, Line 15A

The board uses qualifications, years of service, and industry practice to approve salaries for directors, officers, or key employees.

Form 990, Page 6, Part VI, Line 15B

The board uses qualifications, years of service, and industry practice to approve salaries for directors, officers, or key employees.

Form 990, Page 6, Part VI, Line 19

Form 990 available upon written request made to officers or directors of organization.

Filing and Contact Details

Filer

Filer Name
Dancefx Inc
EIN
58-2574649
Phone
7063553078
Address
396 FOUNDRY ST, ATHENS, GA 30601

Signing Officer

Name
Allison Hayn
Title
Executive Director
Phone
7063553078
Signed
2018-03-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Allison Hayn
Formed
2000
Legal Domicile
Ga
Voting Board Members
3
Independent Board Members
3
Employees
9
Volunteers
20

Preparer

Firm
Dave Barnett CPA
Address
721 MILLEDGE AVE S, ATHENS, GA 30605-1252
Preparer
Dave Barnett
Phone
7065466777
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Dancefx is dedicated to bringing professional quality, cutting edge dance to the southeast while providing a continuing dance education and performance outlet for dancers and artist to express themselves creatively through programs offered.

Form 990, Part IX, Line 11G

Dance instructors 158,675 0 0

Form 990, Part XI, Line 9

Book / tax depreciation difference 1

Raw XML Appendix372 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0THE DANCEFX STUDIO PROGRAMS FOR ADULTS AND YOUTH DANCERS PROVIDES QUALITY DANCE EDUCATION AND HEALTHY PHYSICAL EXERCISE TO OVER 850 STUDENTS INCLUDING CLASSES FOR MENTALLY AND PHYSICALLY HANDICAPPED YOUTH AND ADULTS, CLASSES FOR ADULTS WHO HAVE NEVER DANCED BEFORE, YOUNG DANCERS, AND DENCERS WISHING TO PURSUE DANCE AND THE ARTS AS A PROFESSION, AND UNDERPRIVILEDGED YOUTH AND ADULTS IN NEED. DANCEFX PROVIDES THE COMMUNITY WITH AN ENRICHING OPPORTUNITY TO EXPERIENCE QUALITY DANCE IN A PROFESSIONAL SETTING VIA ATHENS, ATLANTA, AND CHARLESTON PERFORMANCES, FESTIVALS, MASTER CLASSES, AND CONCERT SERIES. DANCEFX ALSO PROVIDES PROVIDES LOCAL DANCERS AND STUDENTS WITH QUALITY DANCE APAREL, SUPPLIES AND CORRECT SHOE FITTINGS ESSENTIAL TO THE HEALTH OF YOUNG GROWING FEET.
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IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0164430
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt038958
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt16253
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt23030
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CREDIT CARD - AMEX
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1NEGATIVE CASH BALANCE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2PAYROLL TAXES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0117566
IRS990ScheduleD/TotalLiabilityAmt048241
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt05917
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt033950
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0ALLISON HAYN
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0OFFICER/DIRECTOR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0false
IRS990ScheduleL/TotalBalanceDueAmt033102
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DANCEFX IS DEDICATED TO BRINGING PROFESSIONAL QUALITY, CUTTING EDGE DANCE TO THE SOUTHEAST WHILE PROVIDING A CONTINUING DANCE EDUCATION AND PERFORMANCE OUTLET FOR DANCERS AND ARTIST TO EXPRESS THEMSELVES CREATIVELY THROUGH PROGRAMS OFFERED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 REVIEWED BY DIRECTORS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD USES QUALIFICATIONS, YEARS OF SERVICE, AND INDUSTRY PRACTICE TO APPROVE SALARIES FOR DIRECTORS, OFFICERS, OR KEY EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD USES QUALIFICATIONS, YEARS OF SERVICE, AND INDUSTRY PRACTICE TO APPROVE SALARIES FOR DIRECTORS, OFFICERS, OR KEY EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FORM 990 AVAILABLE UPON WRITTEN REQUEST MADE TO OFFICERS OR DIRECTORS OF ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DANCE INSTRUCTORS 158,675 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6BOOK / TAX DEPRECIATION DIFFERENCE 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9
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IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt0247565
IRS990/TotalAssetsGrp/BOYAmt0268791
IRS990/TotalAssetsGrp/EOYAmt0247565
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IRS990/TotalContributionsAmt09706
IRS990/TotalEmployeeCnt09
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt012569
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0147112
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0706627
IRS990/TotalFunctionalExpensesGrp/TotalAmt0866308
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0175895
IRS990/TotalLiabilitiesEOYAmt0199650
IRS990/TotalLiabilitiesGrp/BOYAmt0175895
IRS990/TotalLiabilitiesGrp/EOYAmt0199650
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt092896
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt047915
IRS990/TotalProgramServiceExpensesAmt0706627
IRS990/TotalProgramServiceRevenueAmt0717009
IRS990/TotalReportableCompFromOrgAmt068692
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0717009
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0821326
IRS990/TotalVolunteersCnt020
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0268791
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0247565
IRS990/TravelGrp/ProgramServicesAmt014960
IRS990/TravelGrp/TotalAmt014960
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt092896
IRS990/UnrestrictedNetAssetsGrp/EOYAmt047915
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0475 BALDWIN ST
IRS990/USAddress/CityNm0ATHENS
IRS990/USAddress/StateAbbreviationCd0GA
IRS990/USAddress/ZIPCd030605
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.DANCEFX.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-03-14 21:41:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ALLISON HAYN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07063553078
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-03-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DANCEFX INC
ReturnHeader/Filer/BusinessNameControlTxt0DANC
ReturnHeader/Filer/EIN0582574649
ReturnHeader/Filer/PhoneNum07063553078
ReturnHeader/Filer/USAddress/AddressLine1Txt0396 FOUNDRY ST
ReturnHeader/Filer/USAddress/CityNm0ATHENS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0GA
ReturnHeader/Filer/USAddress/ZIPCd030601
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DA8FDD5F09A3A4139912703320D816C2577B5CAE
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId072D1DC0E5791A5AE1D201E01048DBE7BEE5BBD2F
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0821255823
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DAVE BARNETT CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0721 MILLEDGE AVE S
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ATHENS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0GA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0306051252
ReturnHeader/PreparerPersonGrp/PhoneNum07065466777
ReturnHeader/PreparerPersonGrp/PreparationDt02018-03-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVE BARNETT
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02018-03-15T22:24:13-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-08-01
ReturnHeader/TaxPeriodEndDt02017-07-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.15$0.03$0.12$0.90$0.89$0.01
2023Detailed filing. Detailed filing data is available for this year.$0.14$0.03$0.11$0.85$0.89$0.04
2022Detailed filing. Detailed filing data is available for this year.$0.18$0.03$0.15$0.97$0.97$0.00
2021Detailed filing. Detailed filing data is available for this year.$0.34$0.19$0.15$0.83$0.79$0.05
2020Detailed filing. Detailed filing data is available for this year.$0.30$0.24$0.06$0.74$0.78$0.04
2019Detailed filing. Detailed filing data is available for this year.$0.20$0.10$0.10$1.05$0.98$0.07
2018Detailed filing. Detailed filing data is available for this year.$0.19$0.17$0.03$0.86$0.88$0.02
2017Detailed filing. Detailed filing data is available for this year.$0.25$0.20$0.05$0.82$0.87$0.04
2016Detailed filing. Detailed filing data is available for this year.$0.31$0.18$0.13$0.86$0.84$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.32$0.21$0.11$0.90$0.94$0.04
2014Summary only. Only limited summary data is available for this year.$0.24$0.09$0.15$0.93$0.89$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.15$0.04$0.10$0.90
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.15$0.05$0.10$0.67
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.14$0.00$0.13$0.51
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.12$0.01$0.11$0.33