NYC DANCE ALLIANCE FOUNDATION INC

EIN: 272855982 501(c)(3) Education

MAHWAH, NJ

Total Revenue
$587,545
Total Expenses
$627,734
Total Assets
$541,705
Net Assets
$532,880
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
NJ
Principal Officer
JOSEPH LANTERI
Phone
2016841455
Tax Period
2023-01-01 to 2023-12-31

NYC DANCE ALLIANCE FOUNDATION INC, founded in 2010, is a small nonprofit in the Education sector that reported $588K in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum.

Mission

NYC DANCE FOUNDATION IS A NONPROFIT CORPORATION ORGANIZED AND OPERATED EXCLUSIVELY FOR EDUCATIONAL AND CHARITABLE PURPOSES. THIS ORGANIZATION HAS BEEN FORMED TO A)EDUCATE THE PUBLIC ON SUBJECTS USEFUL TO THE INDIVIDUAL AND BENEFICIAL TO THE COMMUNITY AND B)ADVANCE EDUCATION. OUR ORGANIZATION HAS DESIGNED AND DEVELOPED ONE PROGRAM IN FURTHERANCE OF OUR PURPOSES. OUR PROGRAM IS ENTITLED: NYC DANCE ALLIANCE FOUNDATION. WE FURTHER OUR PURPOSES UNDER THIS PROGRAM BY CONDUCTING A FOUNDATION THAT PROVIDES EDUCATIONAL SUPPORT TO FUTURE GENERATIONS OF DANCERS. THE FOUNDATION IS A SCHOLARSHIP PROGRAM TO SUPPORT AND NURTURE THE NEXT GENERATION OF PROFESSIONAL DANCERS. THE FOUNDATION AWARDS ANNUAL SCHOLARSHIPS TO ONE OR MORE RECIPIENTS SO THAT THEY MAY FUND THEIR CONTINUED EDUCATION IN THE FIELD OF DANCE. THE FOUNDATION RAISES MONEY AT BENEFIT PERFORMANCES THROUGH TICKET SALES AND DONATIONS. THE FOUNDATION ALSO RECEIVES CONTRIBUTIONS FROM ON-GOING ANCILLARY FUND RAISERS.

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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 $508,675
Program Service Revenue $69,990
Investment Income $8,880
Other Revenue $0
TOTAL REVENUE $587,545

Expense Breakdown

Grants Paid $371,658
Salaries & Benefits $0
Fundraising Expenses $6,064
Program Expenses $607,200
Other Expenses $256,076
TOTAL EXPENSES $627,734

Year-over-Year Comparison

2023 2022 Change
Revenue $587,545 $457,897 +0.3%
Expenses $627,734 $433,034 +0.4%
Net Income $-40,189 $24,863 -2.6%
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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
N/A
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
0
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSEPH LANTERI PRESIDENT 1.50
Director
$0 $0 $0
PATRICIA MOORE SECRETARY 1.00
Director
$0 $0 $0
KAREN ROCHE TREASURER 0.50
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
2024 No data No data No data No data
2023 $587,545 $627,734 $541,705 $-40,189
2022 $457,897 $433,034 $583,503 $24,863
2021 $331,019 $335,862 $562,234 $-4,843
2020 $344,776 $459,051 $569,472 $-114,275
2019 $626,593 $602,088 $677,109 $24,505
2018 $428,869 $516,187 $650,138 $-87,318
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