Miracle Dancer Scholarship Found

EIN: 263653751 501(c)(3) Education

Louisville, KY

Total Revenue
$50,335
Total Expenses
$60,369
Total Assets
$10,626
Net Assets
$10,626
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
KY
Principal Officer
Robert W Chambers
Tax Period
2023-07-01 to 2024-06-30

Miracle Dancer Scholarship Found, founded in 2008, is a micro nonprofit in the Education sector that reported $50K in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $60K exceeded revenue, resulting in a 20% operating deficit.

Mission

Miracle Dancers is a dance troupe in Louisville, KY comprised solely of handicapped children through age 18. The dancers have improved physical and mental acuity and an improved sense of accomplishment and self-worth. Donations are used to help financial need students.

Program Service Accomplishments

Program 1
Expenses: $58,767 Revenue: $50,335

Upon acceptance by the IRS as a 501(c)(3) entity during late 2012 fundraising programs commenced to accumulate donations to provide help to families in need of assistance through scholarship grants...

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Upon acceptance by the IRS as a 501(c)(3) entity during late 2012 fundraising programs commenced to accumulate donations to provide help to families in need of assistance through scholarship grants. Other revenue amounts are provided from the families of the students in the form of tuition payments for dance instruction. 44 students were provided weekly dance instruction during a ten month school year by the organization. Students were able to perform in various venues including a broadcast performance by the Crusade for Children, a local fund-raising organization which provides funding for medical needs for handicapped children throughout a two state area. Donation request and grant applications have been submitted by the Foundation and were pending at the end of the fiscal year for additional funding. 13 scholarships were provided by the Foundation to students with demonstrated financial need. Costume assistance was provided to 33 students.

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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 $10,500
Program Service Revenue $39,835
Investment Income $0
Other Revenue $0
TOTAL REVENUE $50,335

Expense Breakdown

Grants Paid $2,515
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $58,767
Other Expenses $57,854
TOTAL EXPENSES $60,369

Year-over-Year Comparison

2023 2022 Change
Revenue $50,335 $63,755 -0.2%
Expenses $60,369 $94,765 -0.4%
Net Income $-10,034 $-31,010 -0.7%
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
9
Independent Members
9
Employees
N/A
Volunteers
5

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
1
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kevin Estes Director 1.00
Director
$0 $0 $0
Angela Franklin Director 1.00
Director
$0 $0 $0
Kirstin Knabel Director 1.00
Director
$0 $0 $0
Jamisha McIntosh Director 1.00
Director
$0 $0 $0
Shauna Mason Director 1.00
Director
$0 $0 $0
Diane C Chambers Director 1.00
Director
$0 $0 $0
Teresa Stengel Director 1.00
Director
$0 $0 $0
Rick Fields Director 1.00
Director
$0 $0 $0
Robert W Chambers Director 8.00
Officer 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 $50,335 $60,369 $10,626 $-10,034
2023 $63,755 $94,765 $10,409 $-31,010
2022 $28,097 $32,983 $41,417 $-4,886
2021 $25,515 $24,791 $31,650 $724
2019 $43,399 $34,967 $19,503 $8,432
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