Third Law Dance-Theater INC EIN 84-1572264

Third Law Dance-Theater INC

EIN  84-1572264 Public charity (501(c)(3)) Boulder, CO
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Presents innovative dance and theater performances and education for all ages and abilities.
Leadership
S Katie Elliott · Executive Director · $69K
Money in and out
$382K revenue, $383K expenses
Bottom line
83% program efficiency

Presents innovative dance and theater performances and education for all ages and abilities. For fiscal year 2024 it reported $382K in revenue, $383K in expenses, and $217K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$382K
Pt VIII · Ln 12
Total expenses
$383K
Pt IX · Ln 25
Net assets
$217K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$1K
Where spending went · Part IX cols B–D
Program services $0.83 Management & general $0.13 Fundraising $0.04
Program efficiency
83%
of spending reaches programs▲ +1% vs prior filing year
Operating runway
6.8mo
months of highly liquid reserves at operating expense rate▼ -13% vs prior filing year
Surplus margin
0%
revenue over expenses, this year▼ -708% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$382K
FY2024▲ +15%
Expenses
$383K
FY2024▲ +15%
Total assets
$217K
FY2024▼ -1%
Total liabilities
$0
FY2024
Total revenue
$382K
Pt VIII · Ln 12
Total expenses
$383K
Pt IX · Ln 25
Net assets
$217K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$1K
Total assetsPt X · Ln 16$217K
Program-expense ratioPt IX · col B83%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

1 program service account for $318K of program spending, described in the organization's own filed words · FY2024.
01

Provided dance performances, classes and workshops to participants.

$318Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThird Law Dance-Theater INC
EINHdr · item D84-1572264
Principal addressHdr · item CBoulder, CO
WebsiteHdr · item Jwww.3rdlaw.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCO
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A62)
Ruling yearIRS BMFAug 2001

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$68,917Pt VII · Sec A
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

S Katie Elliott’s $69K as Executive Director is at the 63rd 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 · 2 named individuals · Part VII

NameFY2024FY2023FY2022
S Katie Elliott$68,917
Katie Elliott$32,033$40,913

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$335K · 88%
Program service revenue$47K · 12%
Contributions & grants88%$335K
Program service revenue12%$47K
— government grantsLn 1e$72K
Total revenueLn 12$382K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.83 Management & general $0.13 Fundraising $0.04
Program services83%$318K
Management & general13%$49K
Fundraising4%$16K
Total functional expensesLn 25$383K

Balance Sheet

Part X · end of year
CashLn 1$217K
Total assetsLn 16$217K
Total liabilitiesLn 26$0
Total net assetsLn 32$217K
Months of cash on handcomputed6.8

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $217K · Operating expenses/yr $383K
6.8 months
Where the money goes
Program services
Program services $318K · Total expenses $383K
83%
Management & General
Management & general $49K · Total expenses $383K
13%
Fundraising
Fundraising $16K · Total expenses $383K
4%
Cost to raise $1
Fundraising expense (3-yr avg) $14K · Solicited contributions (3-yr avg) $225K
$0.06 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $335K · Total revenue $382K
88%
Government reliance
Government grants $72K · Total revenue $382K
19%
Earned-income share
Program service revenue $47K · Total revenue $382K
12%
Investment reliance
Investment income $0 · Total revenue $382K
0%
Program self-sufficiency
Program service revenue $47K · Total expenses $383K
12%
Growth & trend
Revenue growth (YoY)
This year $382K · Prior year $334K
+15%
Revenue CAGR
FY2020 $136K · FY2024 $382K
+30%
Net-asset trend (YoY)
End of year $217K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $382K · Expenses $383K
0%
Liabilities-to-Assets
Total liabilities — · Total assets $217K
Net-asset ratio
Net assets $217K · Total assets $217K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $217K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual S Katie Elliott · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $69K · Total expenses $383K
18%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $163K · Total expenses $383K
42%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 83%
Overhead ratio 13%
Fundraising cost ratio 5%
Revenue growth 15%

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
See all 7 funders →

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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)$382K revenue · viewing · ⤓ 990 PDF
FY2023$334K revenue · ⤓ 990 PDF
FY2022$279K revenue · ⤓ 990 PDF
FY2021$123K revenue · ⤓ 990 PDF
FY2020$136K 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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