THE DANCE RING INC

EIN: 132903944 501(c)(3)

NEW YORK, NY

Total Revenue
$976,352
Total Expenses
$781,173
Total Assets
$373,224
Net Assets
$246,469
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Financial Trends

Organization Details

Formation Year
1978
Legal Domicile
NY
Principal Officer
JACKIE KARCESKI
Phone
2126790401
Tax Period
2024-08-01 to 2025-07-31

THE DANCE RING INC, founded in 1978, is a small nonprofit that reported $976K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $195K, a strong 20% operating margin.

Mission

NEW YORK THEATRE BALLET'S (NYTB) MISSION IS TO INSPIRE A LOVE OF DANCE FOR AUDIENCES OF ALL AGES BY OFFERING AFFORDABLE PRICES FOR A RANGE OF PERFORMANCES AND PUBLIC ACTIVITIES THROUGHOUT THE YEAR.

Program Service Accomplishments

Program 1
Expenses: $569,640 Revenue: $280,915

- NEW YORK THEATRE BALLETNYTB PERFORMS CHAMBER BALLET MASTERPIECES AND COMMISSIONS BOLD NEW WORKS BY EMERGING CHOREOGRAPHERS ALONG WITH INNOVATIVE 1-HOUR BALLETS FOR CHILDREN.THE MISSION IS CARRIED...

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- NEW YORK THEATRE BALLETNYTB PERFORMS CHAMBER BALLET MASTERPIECES AND COMMISSIONS BOLD NEW WORKS BY EMERGING CHOREOGRAPHERS ALONG WITH INNOVATIVE 1-HOUR BALLETS FOR CHILDREN.THE MISSION IS CARRIED OUT IN THE WORK OF THE PROFESSIONAL COMPANY, ITS ASSOCIATED BALLET SCHOOL NY AND ITS LIFT COMMUNITY SERVICE PROGRAM. WORKING TOGETHER THESE DIVISIONS REACH ADULTS AND FAMILIES ACROSS THE COUNTRY BUILDING A LOVE FOR BALLET AND CREATING AUDIENCES FOR THE FUTURE. FOUNDED IN 1978, NYTB IS WIDELY SEEN ACROSS THE UNITED STATES HAVING TOURED FROM COAST TO COAST AND INTERNATIONALLY FOR OVER 40 YEARS. IT OFTEN INTRODUCES AUDIENCES FOR THE FIRST TIME TO BALLETS CREATED BY GREAT MASTERS, AS WELL AS TO ITS WILDLY POPULAR 1-HOUR STORY BALLETS. NYTB BRINGS COMMUNITIES TOGETHER WITH MASTER CLASSES, LECTURES, TALK-BACKS AND MEET & GREETS. WHENEVER POSSIBLE, LOCAL CHILDREN ARE ASKED TO APPEAR WITH THE COMPANY. ITS ROSTER INCLUDES DANCES BY FREDERICK ASHTON, AGNES DE MILLE, JOSE LIMON, ANTONY TUDOR, MERCE CUNNINGHAM, AND RICHARD ALSTON. ITS PERFORMANCES PROVIDE AN INTIMATE, LIVE BALLET EXPERIENCE FOR ALL AUDIENCES. LEGENDS & VISIONARIES THE NATIONALLY ACCLAIMED LEGENDS & VISIONARIES SERIES FEATURES RESTORATIONS AND REVIVALS OF MASTERWORKS WITH IMPECCABLE FIDELITY TO ORIGINAL MOVEMENTS AND GESTURES AS WELL AS TO AUTHENTIC SETS, COSTUMES AND PROPS AS DOCUMENTED BY HISTORICAL RECORDS. CELEBRATED DANCERS WHO HAVE PERFORMED THESE MASTERWORKS WITH OTHER COMPANIES ARE INVITED TO WORK WITH THE COMPANY TO ENSURE THE CONTINUITY OF THE BALLETS' INTEGRITY ON NYTB'S STAGE. AS A COUNTERPOINT TO THE PERFORMANCE OF HISTORICALLY ACCLAIMED BALLETS, EXCITING CONTEMPORARY WORKS BY EMERGING CHOREOGRAPHERS ARE SHOWCASED. WHENEVER POSSIBLE, NYTB INVITES CHOREOGRAPHERS TO CREATE NEW WORKS FOR THE COMPANY. AUDIENCES HAVE THE OPPORTUNITY TO PARTICIPATE IN Q&A'S WITH THE DANCERS AND CHOREOGRAPHERS AFTER THE PERFORMANCES. THE RESULT IS AN ILLUMINATING UNDERSTANDING OF HOW THE ART OF BALLET IS EVOLVING. ONCE UPON A BALLETNYTB IS COMMITTED TO BUILDING AN APPRECIATION OF BALLET AMONG PRESCHOOL AND GRADE SCHOOL YOUNGSTERS. IN ADDITION TO PERFORMING FOR THE GENERAL PUBLIC, THE COMPANY REACHES OUT TO CHILDREN WHO HAVE LIMITED EXPOSURE TO THE PERFORMING ARTS - AND TO DANCE IN PARTICULAR - DUE TO SEVERE REDUCTIONS IN PUBLIC EDUCATION ARTS FUNDING. ONCE UPON A BALLET FILLS THIS SERIOUS VACUUM. IT IS A FULL SEASON OF TIME-SHORTENED MINIATURES OF CLASSIC STORY BALLETS, PERFECTLY SUITED FOR THE SHORT ATTENTION SPAN OF YOUNG VIEWERS 3-8 YEARS OF AGE. CLASSICS SUCH AS CINDERELLA AND THE NUTCRACKER CAPTURE THE IMAGINATIONS OF YOUNGSTERS FOR WHOM BALLET IS A NEW FORM OF STORY-TELLING. THIS PROGRAM AWAKENS YOUNG MINDS, NOURISHES THE SPIRIT OF AUDIENCES YOUNG AND OLD, AND SERVES TO ENCOURAGE THE LOVE OF BALLET AMONG FUTURE AUDIENCES. TO WIDEN THE REACH OF THIS IMPORTANT INITIATIVE, NYTB SOLICITS PRIVATE FUNDING TO ENSURE ATTENDANCE BY CHILDREN LIVING IN UNDER-SERVED NEIGHBORHOODS.

Program 2
Expenses: $73,181

- LIFT PROGRAMNYTB'S UNIQUE LIFT COMMUNITY SERVICES PROGRAM PROVIDES TUITION-FREE BALLET CLASSES FOR AT-RISK AND DISADVANTAGED CHILDREN, AND HAS TRANSFORMED THE LIVES OF HUNDREDS OF CHILDREN. LIFT...

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- LIFT PROGRAMNYTB'S UNIQUE LIFT COMMUNITY SERVICES PROGRAM PROVIDES TUITION-FREE BALLET CLASSES FOR AT-RISK AND DISADVANTAGED CHILDREN, AND HAS TRANSFORMED THE LIVES OF HUNDREDS OF CHILDREN. LIFT STUDENTS PARTICIPATE IN CLASSES WITH NON-SCHOLARSHIP STUDENTS. THE CLASSES ARE ONLY A BEGINNING. LIFT GIVES THE CHILDREN SUSTAINED ATTENTION IN A STABLE, CARING ENVIRONMENT. IT INCREASES THEIR SELF-ESTEEM AND TEACHES THEM WHAT IT TAKES TO ACHIEVE A GOAL USING THE DISCIPLINE OF BALLET AS A TOOL. IT LEADS THEM TO DISCOVER THAT WHAT REALLY MATTERS IS FOCUS, DISCIPLINE AND HOW HARD THEY WORK, NOT WHERE THEY COME FROM.LIFT ALUMNI INCLUDE A WORLD-CLASS DANCER WHO HAS PERFORMED AROUND THE GLOBE, YOUNGSTERS WHO HAVE DANCED IN BILLY ELLIOT AND SOUTH PACIFIC ON BROADWAY, AND OTHERS WHO HAVE MADE IT THROUGH HIGH SCHOOL AND COLLEGE AND ALL THE WAY TO GRADUATE SCHOOL.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $659,531
Program Service Revenue $257,348
Investment Income $445
Other Revenue $59,028
TOTAL REVENUE $976,352

Expense Breakdown

Grants Paid $0
Salaries & Benefits $414,051
Fundraising Expenses $37,658
Program Expenses $642,821
Other Expenses $367,122
TOTAL EXPENSES $781,173

Year-over-Year Comparison

2024 2023 Change
Revenue $976,352 $887,569 +0.1%
Expenses $781,173 $856,918 -0.1%
Net Income $195,179 $30,651 +5.4%
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
11
Independent Members
11
Employees
27
Volunteers
20

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
5
$107,885
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JACKIE KARCESKI CHAIR 2.00
Officer Director
$0 $0 $0
CATHY LONGINOTTI VICE CHAIR 2.00
Officer Director
$0 $0 $0
JONATHAN LEVINE TREASURER 2.00
Officer Director
$0 $0 $0
KELCY COFFIN BOARD MEMBER 1.00
Director
$0 $0 $0
JESSICA GOLDEN BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL LEON-RIVERA BOARD MEMBER 1.00
Director
$0 $0 $0
NICOLA MARZOVILLA BOARD MEMBER 1.00
Director
$0 $0 $0
JUSTIN ORLANDO BOARD MEMBER 1.00
Director
$0 $0 $0
CYNTHIA PEACOCK BOARD MEMBER 1.00
Director
$0 $0 $0
CAROLINE ZHAO BOARD MEMBER 1.00
Director
$0 $0 $0
SHYAMALA NAVADA BOARD MEMBER 1.00
Director
$0 $0 $0
STEVEN MELENDEZ ARTISTIC DIRECTOR 40.00
Officer
$49,231 $0 $49,231
SOPHIE BLUE MANAGING DIRECTOR 40.00
Officer
$58,654 $0 $58,654
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 $976,352 $781,173 $373,224 $195,179
2024 $887,569 $856,918 $170,335 $30,651
2023 $834,832 $960,342 $124,626 $-125,510
2022 $818,532 $743,758 $185,995 $74,774
2021 $443,688 $383,698 $192,870 $59,990
2020 $631,671 $615,900 $66,744 $15,771
2019 $774,789 $734,890 $71,039 $39,899
2018 $811,168 $808,823 $81,689 $2,345
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