DWANA SMALLWOOD PERFORMING ARTS CENTER INC

EIN: 900958731 501(c)(3)

BROOKLYN, NY

Total Revenue
$453,805
Total Expenses
$711,533
Total Assets
$442,654
Net Assets
$386,121
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
NY
Principal Officer
DWANA A SMALLWOOD
Phone
7184439800
Tax Period
2019-01-01 to 2019-12-31

DWANA SMALLWOOD PERFORMING ARTS CENTER INC, founded in 2013, is a small nonprofit that reported $454K in total revenue in fiscal year 2019. Revenue fell 39% from the prior year — a significant decline worth monitoring. Expenses of $712K exceeded revenue, resulting in a 57% operating deficit.

Mission

TO USE DANCE AS A PLATFORM TO ENCOURAGE, INSPIRE, AND FACILITATE THE ASPIRATIONS OF YOUNG PEOPLE BY ENGENDERING WITHIN THEM DISCIPLINE, PRIDE, DETERMINATION, HUMILITY, RESPECT AND AN APPRECIATION FOR THE ARTS. WE ENDEAVOR TO PLANT SEEDS OF POSSIBILITY WHERE PREVIOUSLY GROWTH AND DEVELOPMENT HAS BEEN PERCEIVED AN IMPOSSIBILITY.

Program Service Accomplishments

Program 1
Expenses: $524,292 Revenue: $406,902

THE ORGANIZATION USES THE ARTS, PRIMARILY DANCE, AS A MEANS TO EMPOWER UNDERSERVED YOUTH WITHIN NEW YORK INNER CITY COMMUNITIES, PARTICULARLY THE NEGLECTED INNER CITY AREA OF BEDFORD STUYVESANT...

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THE ORGANIZATION USES THE ARTS, PRIMARILY DANCE, AS A MEANS TO EMPOWER UNDERSERVED YOUTH WITHIN NEW YORK INNER CITY COMMUNITIES, PARTICULARLY THE NEGLECTED INNER CITY AREA OF BEDFORD STUYVESANT, BROOKLYN. THE ORGANIZATION ACCOMPLISHES THIS GOAL BY OPERATING A PERFORMANCE ARTS CENTER (CENTER). THE CENTER IS A DRUG AND ALCOHOL FREE ENVIRONMENT, LOCATED IN BEDFORD STUYVESANT TO ASSURE THE COMMUNITIES' ACCESS TO BRINGING WORLD-RENOWNED ARTISTS AND ARTISTIC OPPORTUNITIES TO THE DISTRICT. THE CENTER SERVES AS A SPRINGBOARD FOR CREATING COMMUNITY IDENTITY AND ENCOURAGING POSITIVE AND CREATIVE ACTIVITY WITHIN THE DISTRICT. THE CENTER USES DANCE AS A PLATFORM TO ENCOURAGE, INSPIRE, AND FACILITATE THE ASPIRATIONS OF YOUNG PEOPLE BY ENGENDERING WITHIN THEM DISCIPLINE, PRIDE, DETERMINATION, HUMILITY, RESPECT AND AN APPRECIATION FOR THE ARTS. THE CENTER IS AN ANCHOR OF A DYNAMIC BED-STUY CULTURAL MICRO-DISTRICT. THE CENTER SERVES AS A TRAINING GROUND FOR ELITE DANCE ARTISTS; AS A PLACE OF ARTISTIC EXCHANGE FOR PROFESSIONAL AND AMATEUR ARTISTS AS WELL AS ARTS ORGANIZATIONS; AND HOSTS MEANINGFUL, COMMUNITY-CENTERED CULTURAL EXPERIENCES, ALL OF WHICH HERALD A 21ST CENTURY CULTURAL RENAISSANCE.

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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 (2019)

Revenue Breakdown

Contributions & Grants $46,758
Program Service Revenue $406,902
Investment Income $145
Other Revenue $0
TOTAL REVENUE $453,805

Expense Breakdown

Grants Paid $0
Salaries & Benefits $237,707
Fundraising Expenses $51,451
Program Expenses $524,292
Other Expenses $473,826
TOTAL EXPENSES $711,533

Year-over-Year Comparison

2019 2018 Change
Revenue $453,805 $747,889 -0.4%
Expenses $711,533 $555,040 +0.3%
Net Income $-257,728 $192,849 -2.3%
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
6
Independent Members
5
Employees
3
Volunteers
48

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
$132,600
Total Directors
6
$132,600
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELAINE KLEIN CHAIRPERSON 1.00
Officer Director
$0 $0 $0
ROBERT B KLEIN TREASURER 1.00
Officer Director
$0 $0 $0
DWANA A SMALLWOOD EXECUTIVE DIRECTOR 40.00
Officer Director
$130,000 $2,600 $132,600
ORPHEUS SI CRUTCHFIELD BOARD MEMBER 1.00
Director
$0 $0 $0
STEVE DUCOS BOARD MEMBER 1.00
Director
$0 $0 $0
MICHELLE BODEN - WHITE 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
2019 $453,805 $711,533 $442,654 $-257,728
2018 $747,889 $555,040 $669,599 $192,849
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