Dancewave Inc

EIN: 112726558 501(c)(3)

Brooklyn, NY

Total Revenue
$1,117,855
Total Expenses
$1,096,332
Total Assets
$2,129,696
Net Assets
$810,108
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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
NY
Principal Officer
Nicole Touzien
Phone
7185224696
Tax Period
2023-07-01 to 2024-06-30

Dancewave Inc, founded in 1985, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year.

Mission

Dancewave, Inc. is a nonprofit arts organization that transforms the lives of New York City youth through unique exposure to world-class, pre-professional performing arts training.

Program Service Accomplishments

Program 1
Expenses: $895,974 Revenue: $458,018

Dancewave provides access to supportive and empowering dance experiences that center social, emotional and cognitive growth through movement. Developing programs to meet community needs, we use dance...

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Dancewave provides access to supportive and empowering dance experiences that center social, emotional and cognitive growth through movement. Developing programs to meet community needs, we use dance as a vehicle for transformation, expression, active citizenship and self reflection. Dancewave fosters a culture where dance is celebrated as a healing and inclusive art form.Some notable celebrations from the past year are as follows:Our community residency program reached over 2000 New Yorkers in over 100 different residencies throughout all five boroughs. The Dancewave Company curriculum includes weekly classes and rehearsals, where dancers work closely with a professional artist to hone their technical skills as well as skills related to collaboration, self expression, and socially engaged dance making. This program engaged with 40 dedicated and passionate young artists in 2024. We have prioritized flexible and tuition free access for all youth programming at the Dancewave Center. Thanks to the generous support of our community, we were able to offer $49,000 in tuition assistance and ensure that students were not denied access to quality dance experiences due to financial barriers.Our rehearsal subsidy program experienced a 30% increase in subsidized hours booked in 2024. Reaching over 800 local artists in the community throughout the year. Our annual Dancewave Through College & Beyond program was a success, providing over 400 high school students and families with essential college and career development support. This program facilitates successful transitions to higher education and careers in the arts through networking events, workshops and panel discussions, college fairs and college auditions.

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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 (2023)

Revenue Breakdown

Contributions & Grants $514,785
Program Service Revenue $502,998
Investment Income $19,339
Other Revenue $80,733
TOTAL REVENUE $1,117,855

Expense Breakdown

Grants Paid $44,980
Salaries & Benefits $833,875
Fundraising Expenses $38,838
Program Expenses $895,974
Other Expenses $217,477
TOTAL EXPENSES $1,096,332

Year-over-Year Comparison

2023 2022 Change
Revenue $1,117,855 $1,192,736 -0.1%
Expenses $1,096,332 $1,212,199 -0.1%
Net Income $21,523 $-19,463 -2.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
7
Independent Members
7
Employees
96
Volunteers
12

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
3
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Nicole Touzien Executive Director 40.00
$85,027 $4,975 $90,002
Vanessa Williams Board Vice Chai 1.00
Officer Director
$0 $0 $0
Kinjal Parekh Secretary 1.00
Officer Director
$0 $0 $0
Nicole Best Board member 1.00
Director
$0 $0 $0
Todd Spillane Board Chair 1.00
Officer Director
$0 $0 $0
Tiffany Mellard Board member 1.00
Director
$0 $0 $0
Dagmar Nedbal Board member 1.00
Director
$0 $0 $0
Livia Reuss Board member 1.00
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
2025 No data No data No data No data
2024 $1,117,855 $1,096,332 $2,129,696 $21,523
2023 $1,192,736 $1,212,199 $2,168,019 $-19,463
2022 $1,298,946 $1,030,911 $1,261,386 $268,035
2021 $1,026,565 $852,902 $1,086,739 $173,663
2020 $1,125,224 $1,080,552 $897,757 $44,672
2019 $1,197,552 $1,187,871 $514,613 $9,681
2018 $1,025,614 $1,194,101 $450,634 $-168,487
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