Dance Source Houston EIN 20-3206252

Dance Source Houston

EIN  20-3206252 Public charity (501(c)(3)) Houston, TX Founded 2005
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Supports Houston's diverse dance community through advocacy, engagement, and services.
Leadership
Alex Soares · President
Money in and out
$317K revenue, $326K expenses
Bottom line
80% program efficiency

Supports Houston's diverse dance community through advocacy, engagement, and services. For fiscal year 2024 it reported $317K in revenue, $326K in expenses, and $73K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$317K
Pt VIII · Ln 12
Total expenses
$326K
Pt IX · Ln 25
Net assets
$73K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$9K
Where spending went · Part IX cols B–D
Program services $0.80 Management & general $0.20
Program efficiency
80%
of spending reaches programs▼ -1% vs prior filing year
Operating runway
4.0mo
months of highly liquid reserves at operating expense rate▲ +122% vs prior filing year
Surplus margin
-3%
revenue over expenses, this year▼ -235% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$317K
FY2024▼ -7%
Expenses
$326K
FY2024▼ -3%
Total assets
$130K
FY2024▲ +48%
Total liabilities
$57K
FY2024▲ +859%
Total revenue
$317K
Pt VIII · Ln 12
Total expenses
$326K
Pt IX · Ln 25
Net assets
$73K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$9K
Total assetsPt X · Ln 16$130K
Program-expense ratioPt IX · col B80%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48
Mission & Programs · Part III

Where the work happens

3 program services account for $248K of program spending, described in the organization's own filed words · FY2024.
01

Support Services

Dance Source Houston provides to support the local dance community including funding, professional development, resource sharing, dance writings, network building opportunities, and access to health services.

$147Kprogram expense
02

Dance Events

Creating performance opportunities for dance artists and organizations by presenting dance events including Barnstorm Dance Fest and Mind The Gap.

$84Kprogram expense
03

Developing Audiences

Marketing services including the Dance Source Houston website, the Dance Card, weekly Resource Newsletter and Dance Eblasts.

$17Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CDance Source Houston
EINHdr · item D20-3206252
Principal addressHdr · item CHouston, TX
WebsiteHdr · item Jwww.dancesourcehouston.org
Year of formationHdr · item L2005
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A62)
Ruling yearIRS BMFAug 2005

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Member
$0Pt VII · Sec A
See Dance Source Houston executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants$284K · 89%
Program service revenue$33K · 10%
Contributions & grants89%$284K
Program service revenue10%$33K
Investment income$704
— government grantsLn 1e$64K
Total revenueLn 12$317K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.80 Management & general $0.20
Program services80%$261K
Management & general20%$65K
Total functional expensesLn 25$326K

Balance Sheet

Part X · end of year
CashLn 1$108K
Total assetsLn 16$130K
Total liabilitiesLn 26$57K
Total net assetsLn 32$73K
Months of cash on handcomputed4.0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $108K · Operating expenses/yr $326K
4.0 months
Where the money goes
Program services
Program services $261K · Total expenses $326K
80%
Management & General
Management & general $65K · Total expenses $326K
20%
Fundraising
Fundraising $0 · Total expenses $326K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $3K · Solicited contributions (3-yr avg) $239K
$0.01 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $284K · Total revenue $317K
89%
Government reliance
Government grants $64K · Total revenue $317K
20%
Earned-income share
Program service revenue $33K · Total revenue $317K
10%
Investment reliance
Investment income $704 · Total revenue $317K
0%
Program self-sufficiency
Program service revenue $33K · Total expenses $326K
10%
Growth & trend
Revenue growth (YoY)
This year $317K · Prior year $342K
-7%
Revenue CAGR
FY2019 $220K · FY2024 $317K
+8%
Net-asset trend (YoY)
End of year $73K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $317K · Expenses $326K
-3%
Liabilities-to-Assets
Total liabilities — · Total assets $130K
Net-asset ratio
Net assets $73K · Total assets $130K
56%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $130K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Alex Soares · Reported title President · Highest reported compensation $0 · Total expenses $326K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $118K · Total expenses $326K
36%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 80%
Overhead ratio 20%
Revenue growth -7%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 3 funders$276K
See all 3 funders →
Grants paid · 1 grant · $8K · 2024–2024
Karen Stokes DanceTX · FY2024$8,200

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$342K revenue · ⤓ 990 PDF
FY2023$262K revenue · ⤓ 990 PDF
FY2022$282K revenue · ⤓ 990 PDF
FY2021$283K revenue · ⤓ 990 PDF
FY2020$220K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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