The Dance Exchange INC FY2020 filing

Tax-deductible

Takoma Park, MD501(c)(3)Since 1976Arts & CultureEIN 52-1076232Revenue $496K in FY2020

On file with the IRSdanceexchange.org7117 Maple Ave, 20912-4418 · Takoma Park, MDTax-exempt since Feb 1998Publicly supported charity — 170(b)(1)(A)(vi)

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Fueled by generosity and curiosity, we expand who gets to Dance, where Dance happens, what Dance is about, and why Dance matters.

501(c)(3) charity; gifts are tax-deductible.
73¢ of each $1 spent went to programs.
$113K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average deficit $42K a year · 7% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
73%
of spending
Fine: 73% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$113K
to officers and key staff · 20% of spending
Fine: pay to officers and key staff is 20% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 4.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $160K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$501K
51% of total assets
Fine: liabilities are 51% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$496K
Spent
$551K
To programs
73%
Net assets
$479K
By yearFY2020–FY2025
Revenue
$496K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$496K
FY2021$492K
FY2022$494K
FY2023$742K
FY2024$741K
FY2025$446K
Expenses
$551K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$551K
FY2021$514K
FY2022$522K
FY2023$662K
FY2024$654K
FY2025$758K
Net assets
$479K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$479K
FY2021$457K
FY2022$521K
FY2023$601K
FY2024$688K
FY2025$259K

From the FY2020 Form 990 (year ending June 2020) · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1998.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

73 cents of each dollar spent went to programs.

Program services 73% · $405K Management & general 19% · $105K Fundraising 7% · $41K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990; $113K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Director of Operations and Finance
$57,611Pt VII · Sec A
Executive Artistic Director
$55,288Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Governance Committee Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Mary C Meador’s $84K as Executive Artistic Directo is at the 79th percentile of top reported officer pay among 2216 $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 · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Mary C Meador$84,480$74,008$62,850$50,283$48,611$55,288
Silvia Roberts$84,480$69,350$62,250$53,478$51,875$57,611
Stephen Clapp$76,800—————

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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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Creates dance and engages people in making art.

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Provided by the organization

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3 programs · $405K · in their own filed words · FY2019
01

Sharing art-making techniques and tools with local, national, and international artists and choreographers through weekly classes, public events, interactive experiences, and institutes. Using practices from the dance exchange toolbox, liz lerman's critical response process and cassie meador's moving field guides, dance exchange engages…

$405Kprogram expense
02

Creation of new work through public dance performances, residency programs, workshops, and institutes offered and presented at various sites locally and around the world. Themes of performances and intergenerational community-based projects include relationship to environment, creative aging, and issues of social justice, inviting…

Pt IX · col B
03

Providing a creative and community hub in takoma park for over 150 small creative arts businesses who rent studio space to coduct classes and host rehearsals.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 5 funders →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$496K
Ln 12
Gifts and grantsLn 1h$264K
Fees for servicesLn 2g$172K
Other incomeLn 4–11$60K
Money outPt IX
$551K
Ln 25
Programscol B$405K
Managementcol C$105K
Fundraisingcol D$41K
Owns and owesPt X
$479K
net assets · Ln 32
Cash and savingsLn 1–2$200K
Total assetsLn 16$980K
LiabilitiesLn 26$501K
PeoplePt VI, VII
10
listed · VII A
PaidVII A2
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$264K
Noncash giftsLn 1g$2K
Fundraising eventsLn 1c$2K
Fees for servicesLn 2g$172K
Investment incomeLn 3$2
Other incomeLn 4–11$60K
Gains on assetsLn 7−$48
Total revenueLn 12$496K
Assets in detailPt X, end of year
CashLn 1$49K
SavingsLn 2$151K
Cash and savings togetherLn 1–2$200K
InvestmentsLn 11–13$93
Land, buildings, equipmentLn 10c$731K
Total assetsLn 16$980K
LiabilitiesLn 26$501K
Net assetsLn 32$479K
OperationsPt I, VI
EmployeesI 54
VolunteersI 620
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$34K$200K
InvestmentsLn 11–13$106$93
Land, buildings, equipmentLn 10c$793K$731K
Total assetsLn 16$906K$980K
LiabilitiesLn 26$372K$501K
Net assetsLn 32$535K$479K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$124K$82K$33K$9K
Other salaries and wagesLn 7$116K$93K$11K$12K
Other employee benefitsLn 9$14K$9K$3K$1K
Payroll taxesLn 10$21K$15K$4K$2K
Legal feesLn 11b$5K$5K
Accounting feesLn 11c$16K$16K
Other fees for servicesLn 11g$3K$270$260$2K
Advertising and promotionLn 12$19K$17K$2K
Office expensesLn 13$43K$34K$6K$4K
RoyaltiesLn 15$2K$2K
TravelLn 17$37K$37K
InterestLn 20$14K$9K$4K$1K
Depreciation, depletion and amortizationLn 22$52K$43K$4K$5K
InsuranceLn 23$8K$6K$2K$692
Other expenses (24a–d)Ln 24$79K$77K$864$987
Total functional expensesLn 25$551K$405K$105K$41K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $446K$758K−$312K$259K 990 PDF
FY2024 $741K$654K$87K$688K 990 PDF
FY2023 $742K$662K$80K$601K 990 PDF
FY2022 $494K$522K−$28K$521K 990 PDF
FY2021 $492K$514K−$22K$457K 990 PDF
FY2020 Viewing $496K$551K−$56K$479K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $495,571 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $158,815$263,552
I-9 Program service revenuePrior year $242,344$171,813
I-10 Investment incomePrior year $0−$46
I-11 Other revenuePrior year $95,254$60,252
I-12 Total revenuePrior year $496,413$495,571
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $258,279$274,477
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $246,665$276,998
I-18 Total expensesPrior year $504,944$551,475
I-19 Revenue less expensesPrior year −$8,531−$55,904
Part VI · Governance 8 of 8 board members independent, 2 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $495,571 across 11 lines filed
Lines not itemized here account for $5,359 of total revenue; see the IRS return.
VIII-1c Fundraising events$1,815
VIII-1f All other contributions, gifts and grants$261,737
VIII-1g Noncash contributions (included above)$2,050
VIII-1h Total contributions, gifts and grants$263,552
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $171,813$171,813
VIII-3 Investment incomeExcluded from tax $2$2
VIII-6 Net rental income or lossExcluded from tax $54,835$54,835
VIII-7 Net gain or loss on sales of assetsRelated to mission −$48−$48
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $58$58
VIII-12 Total revenueRelated to mission $177,124 · Unrelated business $0 · Excluded from tax $54,895$495,571
Part IX · Statement of functional expenses $551,475 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $81,779 · Management $32,981 · Fundraising $9,136$123,896
IX-7 Other salaries and wagesPrograms $92,914 · Management $11,421 · Fundraising $12,109$116,444
IX-9 Other employee benefitsPrograms $9,050 · Management $3,067 · Fundraising $1,399$13,516
IX-10 Payroll taxesPrograms $14,784 · Management $3,992 · Fundraising $1,845$20,621
IX-11b Legal feesManagement $4,810$4,810
IX-11c Accounting feesManagement $15,988$15,988
IX-11g Other fees for servicesPrograms $270 · Management $260 · Fundraising $2,355$2,885
IX-12 Advertising and promotionManagement $17,349 · Fundraising $2,102$19,451
IX-13 Office expensesPrograms $33,520 · Management $5,513 · Fundraising $4,136$43,169
IX-15 RoyaltiesPrograms $1,677$1,677
IX-17 TravelPrograms $36,754$36,754
IX-20 InterestPrograms $8,909 · Management $3,518 · Fundraising $1,112$13,539
IX-22 Depreciation, depletion and amortizationPrograms $43,242 · Management $3,614 · Fundraising $5,397$52,253
IX-23 InsurancePrograms $5,542 · Management $1,682 · Fundraising $692$7,916
IX-24 Other expenses (24a–d)Programs $76,705 · Management $864 · Fundraising $987$78,556
IX-25 Total functional expensesPrograms $405,146 · Management $105,059 · Fundraising $41,270$551,475
Part X · Balance sheet $979,598 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $34,173$49,202
X-2 Savings and temporary cash investmentsStart of year $250$151,244
X-3 Pledges and grants receivable$32,955
X-4 Accounts receivableStart of year $72,762$6,375
X-8 Inventories for sale or useStart of year $5,534$8,573
X-9 Prepaid expenses and deferred chargesStart of year $586$634
X-10c Land, buildings and equipment, netStart of year $792,968$730,522
X-11 Publicly traded securitiesStart of year $106$93
X-16 Total assetsStart of year $906,379$979,598
X-17 Accounts payable and accrued expensesStart of year $53,732$11,162
X-19 Deferred revenueStart of year $5,452$1,300
X-25 Other liabilitiesStart of year $47,381$60,821
X-26 Total liabilitiesStart of year $371,567$500,690
X-27 Net assets without donor restrictionsStart of year $534,812$478,908
X-32 Total net assets or fund balancesStart of year $534,812$478,908
X-33 Total liabilities and net assetsStart of year $906,379$979,598
Part XI · Reconciliation of net assets $478,908 net assets at year end
XI-1 Total revenue$495,571
XI-2 Total expenses$551,475
XI-3 Revenue less expenses−$55,904
XI-4 Net assets at start of year$534,812
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$478,908

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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