Continuing the Legacy Dance Foundation EIN 85-2317756 Form 990 (PDF) Claim this org

Continuing the Legacy Dance Foundation

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Nurtures, educates, and advances future dancers, continuing America's legacy of dance excellence. For fiscal year 2024 it reported $274K in revenue, $414K in expenses.Pt I

Type
Public charity (501(c)(3)) · Arts & Culture
Location
Las Vegas, NV
Website
lvdance.org
Filings
4 on file (2021–2024)
Revenue
$274KFY2024
Expenses
$414K
Net assets
$0
People
4
Filings
4
Updates
0
More identity details & actions ⌄
EIN  85-2317756 Public charity (501(c)(3)) Las Vegas, NV
Form 990 (PDF)
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Size
$100K–1M
What they do
Nurtures, educates, and advances future dancers, continuing America's legacy of dance excellence.
Leadership
Bernard Gaddis · President · $31K
Money in and out
$274K revenue, $414K expenses
Bottom line
94% program efficiency
Where the money goes · FY2024
Total revenue
$274K
Pt VIII · Ln 12
Total expenses
$414K
Pt IX · Ln 25
Net assets
$0
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$140K
Where spending went · Part IX cols B–D
Program services $0.94 Management & general $0.06
Program efficiency
94%
of spending reaches programs▼ -3% vs prior filing year
Surplus margin
-51%
revenue over expenses, this year▼ -1356% vs prior filing year
Donor-funded
100%
of revenue is gifts & grants0% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$274K
FY2024▲ +2%
Expenses
$414K
FY2024▲ +61%
Total assets
$0
FY2024▼ -100%
Total liabilities
$0
FY2024
Total revenue
$274K
Pt VIII · Ln 12
Total expenses
$414K
Pt IX · Ln 25
Net assets
$0
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$140K
Total assetsPt X · Ln 16$0
Program-expense ratioPt IX · col B94%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

2 program services account for $250K of program spending, described in the organization's own filed words · FY2024.
01

CTLDF is dedicated to presenting performances and preserving the work of generations of great artists choreographers and teachers while showcasing the work of emerging talent in a broad spectrum of dance styles.

$237Kprogram expense
02

ARTWORK/CONSERVATORY (kids program) the program is for young dancers (junior high and highschool). The program focuses on codified dance techniques, and gives students the opportunity to perform nationally and internationally.

$13Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CContinuing the Legacy Dance Foundation
EINHdr · item D85-2317756
Principal addressHdr · item CLas Vegas, NV
WebsiteHdr · item Jlvdance.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNV
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A61)
Ruling yearIRS BMFSep 2020

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1bpending
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 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$30,855Pt VII · Sec A
Treasurer
$10,855Pt VII · Sec A
Director
$10,105Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2022
Bernard Gaddis$30,855$11,250
Ashley Gezana$10,855
Edwin Otero$10,105

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 & grants100%$274K
— government grantsLn 1e$20K
Total revenueLn 12$274K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.94 Management & general $0.06
Program services94%$389K
Management & general6%$26K
Total functional expensesLn 25$414K

Balance Sheet

Part X · end of year
CashLn 1
Total assetsLn 16$0
Total liabilitiesLn 26$0
Total net assetsLn 32$0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves — · Operating expenses/yr $414K
Highly liquid reserves (cash & marketable securities on Pt X) ÷ monthly operating expenses (Pt IX total, less non-cash grants & depreciation when reported).
Where the money goes
Program services
Program services $389K · Total expenses $414K
94%
Management & General
Management & general $26K · Total expenses $414K
6%
Fundraising
Fundraising $0 · Total expenses $414K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $229 · Solicited contributions (3-yr avg) $207K
$0.00 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $274K · Total revenue $274K
100%
Government reliance
Government grants $20K · Total revenue $274K
7%
Earned-income share
Program service revenue $0 · Total revenue $274K
0%
Investment reliance
Investment income $0 · Total revenue $274K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $414K
0%
Growth & trend
Revenue growth (YoY)
This year $274K · Prior year $269K
+2%
Net-asset trend (YoY)
End of year $0 · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $274K · Expenses $414K
-51%
Liabilities-to-Assets
Total liabilities — · Total assets $0
Net-asset ratio
Net assets $0 · Total assets $0
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $0
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Bernard Gaddis · Reported title PRESIDENT · Highest reported compensation $31K · Total expenses $414K
7%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $414K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 94%
Overhead ratio 6%
Fundraising cost ratio 0%
Revenue growth 2%
Accounting fee ratio 2%

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 2 funders$72K

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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)$274K revenue · viewing · ⤓ 990 PDF
FY2023$269K revenue · ⤓ 990 PDF
FY2022$223K revenue · ⤓ 990 PDF
FY2021$134K 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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