Dancefx INC EIN 58-2574649

Dancefx INC

EIN  58-2574649 Public charity (501(c)(3)) Athens, GA Founded 2000
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Size
$100K–1M
What they do
Presents professional dance, offers education, and provides performance opportunities for artists.
Leadership
Allison Smith · President/Ex · $60K
Money in and out
$689K revenue, $709K expenses
Bottom line
80% program efficiency

Presents professional dance, offers education, and provides performance opportunities for artists. For fiscal year 2024 it reported $689K in revenue, $709K in expenses, and $97K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$689K
Pt VIII · Ln 12
Total expenses
$709K
Pt IX · Ln 25
Net assets
$97K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$20K
Where spending went · Part IX cols B–D
Program services $0.80 Management & general $0.19 Fundraising $0.01
Program efficiency
80%
of spending reaches programs▼ -3% vs prior filing year
Operating runway
0.4mo
months of highly liquid reserves at operating expense rate▼ -33% vs prior filing year
Surplus margin
-3%
revenue over expenses, this year▼ -437% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$689K
FY2024▼ -23%
Expenses
$709K
FY2024▼ -20%
Total assets
$130K
FY2024▼ -13%
Total liabilities
$33K
FY20240%
Total revenue
$689K
Pt VIII · Ln 12
Total expenses
$709K
Pt IX · Ln 25
Net assets
$97K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$20K
Total assetsPt X · Ln 16$130K
Program-expense ratioPt IX · col B80%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

2 program services account for $565K of program spending, described in the organization's own filed words · FY2024.
01

The dancefx studio programs for adults and youth dancers provides quality dance education and healthy physical exercise to over 1000 youth and adults. Classes are provided for youth dancers, adults who have never danced before, as well as dancers wishing to pursue dance and the arts as a profession.

$327Kprogram expense
02

Shows and Competitions

Dancefx provides the community with an enriching opportunity to experience quality dance in a professional setting via athens and atlanta performances, festivals, master classes, and concerts.

$238Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CDancefx INC
EINHdr · item D58-2574649
Principal addressHdr · item CAthens, GA
WebsiteHdr · item Jwww.dancefx.org
Year of formationHdr · item L2000
State of legal domicileHdr · item MGA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A62)
Ruling yearIRS BMFOct 2001

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
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/Ex
$60,292Pt VII · Sec A
Youth Progra
$50,694Pt VII · Sec A
Outreach Dir
$41,602Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Secretary Tr
$0Pt VII · Sec A

Allison Smith’s $60K as President/Ex is at the 55th 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 · 6 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021
Allison Smith$60,292$54,917$55,000$49,175$43,941
Emily Eddington$53,762$38,000
Kaitlin R Butcher$50,694$49,750$50,000$35,168$38,000
Kia Street$42,918$44,000
Payton McCarty$41,833$38,000
Mary C Huff$41,602

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
Program service revenue$673K · 98%
Other revenue$12K · 2%
Contributions & grants$5K · 1%
Program service revenue98%$673K
Other revenue2%$12K
Contributions & grants1%$5K
Total revenueLn 12$689K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.80 Management & general $0.19 Fundraising $0.01
Program services80%$565K
Management & general19%$136K
Fundraising1%$8K
Total functional expensesLn 25$709K

Balance Sheet

Part X · end of year
CashLn 1$22K
Total assetsLn 16$130K
Total liabilitiesLn 26$33K
Total net assetsLn 32$97K
Months of cash on handcomputed0.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $22K · Operating expenses/yr $709K
0.4 months
Where the money goes
Program services
Program services $565K · Total expenses $709K
80%
Management & General
Management & general $136K · Total expenses $709K
19%
Fundraising
Fundraising $8K · Total expenses $709K
1%
Cost to raise $1
Fundraising expense (3-yr avg) $10K · Solicited contributions (3-yr avg) $5K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $5K · Total revenue $689K
1%
Government reliance
Government grants — · Total revenue $689K
Earned-income share
Program service revenue $673K · Total revenue $689K
98%
Investment reliance
Investment income $0 · Total revenue $689K
0%
Program self-sufficiency
Program service revenue $673K · Total expenses $709K
95%
Growth & trend
Revenue growth (YoY)
This year $689K · Prior year $899K
-23%
Revenue CAGR
FY2020 $831K · FY2024 $689K
-5%
Net-asset trend (YoY)
End of year $97K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $689K · Expenses $709K
-3%
Liabilities-to-Assets
Total liabilities — · Total assets $130K
Net-asset ratio
Net assets $97K · Total assets $130K
75%
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 Allison Smith · Reported title PRESIDENT/EX · Highest reported compensation $60K · Total expenses $709K
9%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $260K · Total expenses $709K
37%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 80%
Overhead ratio 19%
Fundraising cost ratio 157%
Revenue growth -23%

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 · FY2024
Total grants receivedfrom 1 funder$500

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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$899K revenue · ⤓ 990 PDF
FY2023$853K revenue · ⤓ 990 PDF
FY2022$966K revenue · ⤓ 990 PDF
FY2021$831K 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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