Gafa Studios EIN 47-1644521

Gafa Studios

EIN  47-1644521 Public charity (501(c)(3)) Wilmington, NC
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Size
$100K–1M
What they do
Offers dance lessons and development opportunities for students.
Leadership
Alison Dutka Jones · President · $24K
Money in and out
$226K revenue, $218K expenses
Bottom line
81% program efficiency

Offers dance lessons and development opportunities for students. For fiscal year 2024 it reported $226K in revenue, $218K in expenses, and $115K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$226K
Pt VIII · Ln 12
Total expenses
$218K
Pt IX · Ln 25
Net assets
$115K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $8K
Where spending went · Part IX cols B–D
Program services $0.81 Management & general $0.12 Fundraising $0.07
Program efficiency
81%
of spending reaches programs▼ -6% vs prior filing year
Operating runway
5.8mo
months of highly liquid reserves at operating expense rate▼ -11% vs prior filing year
Surplus margin
+4%
revenue over expenses, this year▼ -66% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$226K
FY2024▲ +11%
Expenses
$218K
FY2024▲ +20%
Total assets
$115K
FY2024▲ +8%
Total liabilities
$296
FY2024
Total revenue
$226K
Pt VIII · Ln 12
Total expenses
$218K
Pt IX · Ln 25
Net assets
$115K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$8K
Total assetsPt X · Ln 16$115K
Program-expense ratioPt IX · col B81%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 41
Mission & Programs · Part III

Where the work happens

1 program service account for $177K of program spending, described in the organization's own filed words · FY2024.
01

Provided lessons and develpment opportunities related to the fine arts for dance students.

$177Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CGafa Studios
EINHdr · item D47-1644521
Principal addressHdr · item CWilmington, NC
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A62)
Ruling yearIRS BMFApr 2015

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b1
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 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$24,000Pt VII · Sec A
Treasurer
$8,550Pt VII · Sec A
Secretary
$6,957Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Chairperson
$0Pt VII · Sec A

Alison Dutka Jones’s $24K as President is at the 19th percentile of top reported officer pay among 2213 $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 · 7 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Alison Dutka Jones$24,000
Alison Dutka$21,660$9,168
Alison Dutka$15,940$12,219
Linda Dutka$8,550$6,400
Melanie Dubel$6,957$5,839
Linda Dutka$4,111$4,137
Melanie Dubel$4,129

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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Statement of Revenue

Part VIII
Contributions & grants$207K · 92%
Other revenue$19K · 8%
Contributions & grants92%$207K
Other revenue8%$19K
Investment income$7
Total revenueLn 12$226K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.81 Management & general $0.12 Fundraising $0.07
Program services81%$177K
Management & general12%$25K
Fundraising7%$16K
Total functional expensesLn 25$218K

Balance Sheet

Part X · end of year
CashLn 1$105K
Total assetsLn 16$115K
Total liabilitiesLn 26$296
Total net assetsLn 32$115K
Months of cash on handcomputed5.8

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $105K · Operating expenses/yr $218K
5.8 months
Where the money goes
Program services
Program services $177K · Total expenses $218K
81%
Management & General
Management & general $25K · Total expenses $218K
12%
Fundraising
Fundraising $16K · Total expenses $218K
7%
Cost to raise $1
Fundraising expense (3-yr avg) $9K · Solicited contributions (3-yr avg) $186K
$0.05 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $207K · Total revenue $226K
92%
Government reliance
Government grants — · Total revenue $226K
Earned-income share
Program service revenue $0 · Total revenue $226K
0%
Investment reliance
Investment income $7 · Total revenue $226K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $218K
0%
Growth & trend
Revenue growth (YoY)
This year $226K · Prior year $204K
+11%
Revenue CAGR
FY2020 $104K · FY2024 $226K
+21%
Net-asset trend (YoY)
End of year $115K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $226K · Expenses $218K
+4%
Liabilities-to-Assets
Total liabilities — · Total assets $115K
Net-asset ratio
Net assets $115K · Total assets $115K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $115K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Alison Dutka Jones · Reported title PRESIDENT · Highest reported compensation $24K · Total expenses $218K
11%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $71K · Total expenses $218K
32%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 81%
Overhead ratio 12%
Fundraising cost ratio 8%
Revenue growth 11%
Accounting fee ratio 3%
Fundraising fee ratio 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
GE FoundationFY2023$690
Total grants receivedfrom 1 funder$690

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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)$226K revenue · viewing · ⤓ 990 PDF
FY2023$204K revenue · ⤓ 990 PDF
FY2022$181K revenue · ⤓ 990 PDF
FY2021$158K revenue · ⤓ 990 PDF
FY2020$104K 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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