SHEN WEI DANCE ARTS INC

EIN: 061634051 501(c)(3) Arts, Culture & Humanities

NEW YORK, NY

Total Revenue
$8,000
Total Expenses
$22,558
Total Assets
$56,164
Net Assets
$50,983
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
NY
Principal Officer
TONI WANG MCNICOLL
Phone
8055706230
Tax Period
2021-07-01 to 2022-06-30

SHEN WEI DANCE ARTS INC, founded in 2001, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $8K in total revenue in fiscal year 2021. Revenue fell 68% from the prior year — a significant decline worth monitoring. Expenses of $23K exceeded revenue, resulting in a 182% operating deficit.

Mission

SHEN WEI DANCE ARTS IS DEDICATED TO THE CREATION, PRESENTATION, AND DISSEMINATION OF THE WORKS OF ARTISTIC DIRECTOR SHEN WEI, WHOSE MOVEMENT- BASED WORKS ARE AN INNOVATIVE FUSION OF EAST AND WEST, DRAWING ON INFLUENCES FROM CONTEMPORARY DANCE, CHINESE OPERA AND ARTS, WESTERN PAINTING AND SCULPTURE, AND THE RITUAL POWER OF ANCIENT DRAMA. THE COMPANY ASPIRES TO FOSTER CROSS-CULTURAL DIALOGUES OF WESTERN AND ASIAN AESTHETICS AND CULTURES FOR AMERICAN AND GLOBAL AUDIENCES-PROMOTING CULTURAL UNDERSTANDING THROUGH PERFORMANCES, CULTURAL DIPLOMACY, AND EDUCATIONAL PROGRAMMING FOR PEOPLE OF ALL AGES. CONCOMITANT WITH THE COMPANY'S MISSION IS THE DEVELOPMENT OF DANCE LITERACY AMONG STUDENTS AND GENERAL POPULATIONS AND THE TEACHING OF THE COMPANY'S UNIQUE NATURAL BODY DEVELOPMENT TECHNIQUE TO PROFESSIONAL AND PRE-PROFESSIONAL DANCERS. THE COMPANY GIVES ANNUAL PERFORMANCES AND EXHIBITIONS AT LEADING VENUES IN ITS HOME COMMUNITY OF NEW YORK CITY, ACROSS THE US AND INTERNATIONALLY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $8,000
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $8,000

Expense Breakdown

Grants Paid $0
Salaries & Benefits $123
Fundraising Expenses $0
Program Expenses $17,401
Other Expenses $22,435
TOTAL EXPENSES $22,558

Year-over-Year Comparison

2021 2020 Change
Revenue $8,000 $24,720 -0.7%
Expenses $22,558 $60,733 -0.6%
Net Income $-14,558 $-36,013 -0.6%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARIA C PYRROS VERGOS CO-CHAIR/ CO N/A
Officer Director
$0 $0 $0
TONI WANG MCNICOLL CO-CHAIR/ CO N/A
Officer Director
$0 $0 $0
SHEN WEI PRESIDENT N/A
Officer Director
$0 $0 $0
MEI WU STANTON SECRETARY N/A
Officer Director
$0 $0 $0
ERIC S WEI BOARD MEMBER N/A
Director
$0 $0 $0
SUSAN BAKER BOARD MEMBER N/A
Director
$0 $0 $0
HELEN Y LITTLE BOARD MEMBER N/A
Director
$0 $0 $0
JIN WANG BOARD MEMBER N/A
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2022 $8,000 $22,558 $56,164 $-14,558
2021 $24,720 $60,733 $72,681 $-36,013
2020 $4,203 $77,062 $131,398 $-72,859
2019 $64,489 $140,291 $204,831 $-75,802
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