Open Dance Project INC EIN 47-4631028 Form 990 (PDF) Claim this org

Open Dance Project INC FY2024 filing

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Creates and presents world-class dance theater, enriching Houston through education and community programs. For fiscal year 2024 it reported $521K in revenue, $518K in expenses, and $412K in net assets.Pt I

Founded
2015
Type
Public charity (501(c)(3)) · Arts & Culture
Location
Houston, TX
Website
www.opendanceproject.org
Filings
6 on file (2020–2024)
Revenue
$521KFY2024
Expenses
$518K
Net assets
$412K
People
8
Filings
6
Updates
0
More identity details & actions ⌄
EIN  47-4631028 Public charity (501(c)(3)) Houston, TX Founded 2015
Form 990 (PDF)
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Size
$100K–1M
What they do
Creates and presents world-class dance theater, enriching Houston through education and community programs.
Leadership
Linda Rovira · President
Money in and out
$521K revenue, $518K expenses
Bottom line
83% program efficiency
Where the money goes · FY2024
Total revenue
$521K
Pt VIII · Ln 12
Total expenses
$518K
Pt IX · Ln 25
Net assets
$412K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $3K
Where spending went · Part IX cols B–D
Program services $0.83 Management & general $0.15 Fundraising $0.02
Program efficiency
83%
of spending reaches programs
Operating runway
8.9mo
months of highly liquid reserves at operating expense rate
Surplus margin
+0.6%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$521K
FY2024▼ -2%
Expenses
$518K
FY2024▲ +1%
Total assets
$419K
FY2024▼ -2%
Total liabilities
$7K
FY2024▲ +78%
Total revenue
$521K
Pt VIII · Ln 12
Total expenses
$518K
Pt IX · Ln 25
Net assets
$412K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$3K
Total assetsPt X · Ln 16$419K
Program-expense ratioPt IX · col B83%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48
Mission & Programs · Part III

Where the work happens

2 program services account for $430K of program spending, described in the organization's own filed words · FY2024.
01

Dance Theater Performances

Conceived, developed, and presented dance theater performances for the general public at venues in Houston, TX including MATCH-Midtown Arts & Theater Center Houston, the Miller Outdoor Theater, Houston Botanic Garden, and Confluence Park - San Antonio River Foundation.

$412Kprogram expense
02

Dance Theater Classes & Workshops

Open Dance Project's in school program "Project Imagine Dance" supports new dance teachers in Houston Independent School District's K-8 classrooms. Open Dance Project developed & led classroom workshops, residencies, performances, & professional development workshops (teacher trainings) in Houston area studios, 16 schools & afterschool…

$18Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item COpen Dance Project INC
EINHdr · item D47-4631028
Principal addressHdr · item CHouston, TX
WebsiteHdr · item Jwww.opendanceproject.org
Year of formationHdr · item L2015
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A62)
Ruling yearIRS BMFJul 2016

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 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
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
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary and Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$257K · 49%
Program service revenue$238K · 46%
Other revenue$14K · 3%
Investment income$13K · 2%
Contributions & grants49%$257K
Program service revenue46%$238K
Other revenue3%$14K
Investment income2%$13K
— government grantsLn 1e$34K
Total revenueLn 12$521K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.83 Management & general $0.15 Fundraising $0.02
Program services83%$430K
Management & general15%$79K
Fundraising2%$10K
Total functional expensesLn 25$518K

Balance Sheet

Part X · end of year
CashLn 1$159K
Total assetsLn 16$419K
Total liabilitiesLn 26$7K
Total net assetsLn 32$412K
Months of cash on handcomputed3.7

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $381K · Operating expenses (Pt IX) $518K · Less non-cash grants $5K · Cash operating expenses/yr $514K
8.9 months
Where the money goes
Program services
Program services $430K · Total expenses $518K
83%
Management & General
Management & general $79K · Total expenses $518K
15%
Fundraising
Fundraising $10K · Total expenses $518K
2%
Cost to raise $1
Fundraising expense (3-yr avg) $22K · Solicited contributions (3-yr avg) $239K
$0.09 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $257K · Total revenue $521K
49%
Government reliance
Government grants $34K · Total revenue $521K
7%
Earned-income share
Program service revenue $238K · Total revenue $521K
46%
Investment reliance
Investment income $13K · Total revenue $521K
+2%
Program self-sufficiency
Program service revenue $238K · Total expenses $518K
46%
Growth & trend
Revenue growth (YoY)
This year $521K · Prior year $535K
-2%
Revenue CAGR
FY2020 $412K · FY2024 $521K
+6%
Net-asset trend (YoY)
End of year $412K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $521K · Expenses $518K
+0.6%
Liabilities-to-Assets
Total liabilities — · Total assets $419K
Net-asset ratio
Net assets $412K · Total assets $419K
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $221K · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $419K
53%
People & payroll
Highest Reported Total Compensation
Individual Linda Rovira · Reported title President · Highest reported compensation $0 · Total expenses $518K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $377K · Total expenses $518K
73%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 83%
Overhead ratio 15%
Fundraising cost ratio 4%
Revenue growth -2%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0.3%
Fundraising fee ratio 0%

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 10 funders$212K
See all 10 funders →
Grants paid · 2 grants · $21K · 2020–2021
Hunter Dance CenterFY2021$6,000
Hunter Dance CenterFY2020$14,739

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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
FY2025 (Latest)$767K revenue · ⤓ 990 PDF
FY2024$521K revenue · viewing · ⤓ 990 PDF
FY2023$535K revenue · ⤓ 990 PDF
FY2022$508K revenue · ⤓ 990 PDF
FY2021$565K revenue · ⤓ 990 PDF
FY2020$412K 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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