Mountain Air Modern Dance EIN 27-3559809 Form 990 (PDF) Claim this org

Mountain Air Modern Dance

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Offers aerial arts and contemporary dance classes, workshops, and performances. For fiscal year 2024 it reported $262K in revenue, $207K in expenses, and $103K in net assets.Pt I

Type
Public charity (501(c)(3)) · Arts & Culture
Location
Bozeman, MT
Website
www.mountainairdance.com
Filings
5 on file (2020–2024)
Revenue
$262KFY2024
Expenses
$207K
Net assets
$103K
People
3
Filings
5
Updates
0
More identity details & actions ⌄
EIN  27-3559809 Public charity (501(c)(3)) Bozeman, MT
Form 990 (PDF)
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Size
$100K–1M
What they do
Offers aerial arts and contemporary dance classes, workshops, and performances.
Leadership
Catherine Werner · President and Executive Director · $53K
Money in and out
$262K revenue, $207K expenses
Bottom line
67% program efficiency
Where the money goes · FY2024
Total revenue
$262K
Pt VIII · Ln 12
Total expenses
$207K
Pt IX · Ln 25
Net assets
$103K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $55K
Where spending went · Part IX cols B–D
Program services $0.67 Management & general $0.27 Fundraising $0.06
Program efficiency
67%
of spending reaches programs
Operating runway
6.1mo
months of highly liquid reserves at operating expense rate▲ +69% vs prior filing year
Surplus margin
+21%
revenue over expenses, this year▲ +526% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$262K
FY2024▲ +56%
Total revenue
$262K
Pt VIII · Ln 12
Total expenses
$207K
Pt IX · Ln 25
Net assets
$103K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$55K
Total assetsPt X · Ln 16$106K
Program-expense ratioPt IX · col B67%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 42

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMountain Air Modern Dance
EINHdr · item D27-3559809
Principal addressHdr · item CBozeman, MT
WebsiteHdr · item Jwww.mountainairdance.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMT
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A60)
Ruling yearIRS BMFMay 2015

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b2
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President and Executive Director
$53,422Pt VII · Sec A
$6,376Pt VII · Sec A
$1,542Pt VII · Sec A

Catherine Werner’s $53K as President and Executive Director is at the 48th percentile of top reported officer pay among 2212 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Catherine Werner$53,422$53,764$45,593$22,043
Catherine Werner$13,920
Cecilia Whyel$6,376
Blair Bodie$1,542

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

1 program service account for $138K of program spending, described in the organization's own filed words · FY2024.
01

Classes, camps, workshops and performances

$138Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$250K · 95%
Contributions & grants$10K · 4%
Investment income$2K · 1%
Program service revenue95%$250K
Contributions & grants4%$10K
Investment income1%$2K
Total revenueLn 12$262K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.67 Management & general $0.27 Fundraising $0.06
Program services67%$138K
Management & general27%$56K
Fundraising6%$13K
Total functional expensesLn 25$207K

Balance Sheet

Part X · end of year
CashLn 1$106K
Total assetsLn 16$106K
Total liabilitiesLn 26$3K
Total net assetsLn 32$103K
Months of cash on handcomputed6.1

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $106K · Operating expenses/yr $207K
6.1 months
Where the money goes
Program services
Program services $138K · Total expenses $207K
67%
Management & General
Management & general $56K · Total expenses $207K
27%
Fundraising
Fundraising $13K · Total expenses $207K
6%
Cost to raise $1
Fundraising expense $13K · Solicited contributions $10K
$1.24 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $10K · Total revenue $262K
4%
Government reliance
Government grants — · Total revenue $262K
Earned-income share
Program service revenue $250K · Total revenue $262K
95%
Investment reliance
Investment income $2K · Total revenue $262K
+0.6%
Program self-sufficiency
Program service revenue $250K · Total expenses $207K
121%
Growth & trend
Revenue growth (YoY)
This year $262K · Prior year $169K
+56%
Revenue CAGR
FY2020 $68K · FY2024 $262K
+40%
Net-asset trend (YoY)
End of year $103K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $262K · Expenses $207K
+21%
Liabilities-to-Assets
Total liabilities — · Total assets $106K
Net-asset ratio
Net assets $103K · Total assets $106K
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $106K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Catherine Werner · Reported title PRESIDENT AND EXECUTIVE DIRECTOR · Highest reported compensation $53K · Total expenses $207K
26%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $107K · Total expenses $207K
52%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 67%
Overhead ratio 27%
Fundraising cost ratio 124%
Revenue growth 56%
Accounting fee ratio 0.7%

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 · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$21

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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 (Latest)$262K revenue · viewing · ⤓ 990 PDF
FY2023$169K revenue · ⤓ 990 PDF
FY2022$166K revenue · ⤓ 990 PDF
FY2021$118K revenue · ⤓ 990 PDF
FY2020$68K 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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