Bare Bait Dance EIN 85-3481283 Form 990 (PDF) Claim this org

Bare Bait Dance FY2023 filing

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Creates and presents original, professional dance performances and education for Montana communities. For fiscal year 2023 it reported $222K in revenue, $232K in expenses, and $65K in net assets.Pt I

Founded
2021
Type
Public charity (501(c)(3)) · Arts & Culture
Location
Missoula, MT
Website
www.thewestsidetheater.com
Filings
4 on file (2021–2023)
Revenue
$222KFY2023
Expenses
$232K
Net assets
$65K
People
8
Filings
4
Updates
0
More identity details & actions ⌄
EIN  85-3481283 Public charity (501(c)(3)) Missoula, MT Founded 2021
Form 990 (PDF)
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Size
$100K–1M
What they do
Creates and presents original, professional dance performances and education for Montana communities.
Leadership
Joy French · Executive Dir. · $27K
Money in and out
$222K revenue, $232K expenses
Bottom line
94% program efficiency
Where the money goes · FY2023
Total revenue
$222K
Pt VIII · Ln 12
Total expenses
$232K
Pt IX · Ln 25
Net assets
$65K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$9K
Where spending went · Part IX cols B–D
Program services $0.94 Management & general $0.06
Program efficiency
94%
of spending reaches programs
Operating runway
2.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
-4%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$222K
FY2023▲ +11%
Expenses
$232K
FY2023▲ +81%
Total assets
$73K
FY2023▼ -4%
Total liabilities
$8K
FY2023▲ +317%
Total revenue
$222K
Pt VIII · Ln 12
Total expenses
$232K
Pt IX · Ln 25
Net assets
$65K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$9K
Total assetsPt X · Ln 16$73K
Program-expense ratioPt IX · col B94%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBare Bait Dance
EINHdr · item D85-3481283
Principal addressHdr · item CMissoula, MT
WebsiteHdr · item Jwww.thewestsidetheater.com
Year of formationHdr · item L2021
State of legal domicileHdr · item MMT
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A62)
Ruling yearIRS BMFApr 2021

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
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 · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Executive Dir.
$27,000Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A

Joy French’s $33K as Executive Director is at the 27th 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 · 1 named individual · Part VII

NameFY2024FY2024FY2023FY2022FY2021
Joy French$32,592$30,001$27,000$29,500$7,500

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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Mission & Programs · Part III

Where the work happens

3 program services account for $218K of program spending, described in the organization's own filed words · FY2022.
01

Make professional dance more accessible to all audiences by offering live performances, screenings of dance films and online video documentation of our live performances.

$103Kprogram expense
02

Create income opportunities for local professional dancers by providing paid performance and teaching opportunities.

$94Kprogram expense
03

Present work by and collaborate with other artists in the state and region in order to bolster the creative offerings and work interdisciplinarily to expand the dance field as a whole.

$22Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$132K · 59%
Contributions & grants$80K · 36%
Other revenue$10K · 5%
Program service revenue59%$132K
Contributions & grants36%$80K
Other revenue5%$10K
Investment income$3
Total revenueLn 12$222K

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%$218K
Management & general6%$13K
Total functional expensesLn 25$232K

Balance Sheet

Part X · end of year
CashLn 1$47K
Total assetsLn 16$73K
Total liabilitiesLn 26$8K
Total net assetsLn 32$65K
Months of cash on handcomputed2.4

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $47K · Operating expenses/yr $232K
2.4 months
Where the money goes
Program services
Program services $218K · Total expenses $232K
94%
Management & General
Management & general $13K · Total expenses $232K
6%
Fundraising
Fundraising $0 · Total expenses $232K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $834 · Solicited contributions (2-yr avg) $112K
$0.01 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $80K · Total revenue $222K
36%
Government reliance
Government grants — · Total revenue $222K
Earned-income share
Program service revenue $132K · Total revenue $222K
59%
Investment reliance
Investment income $3 · Total revenue $222K
<0.01%
Program self-sufficiency
Program service revenue $132K · Total expenses $232K
57%
Growth & trend
Revenue growth (YoY)
This year $222K · Prior year $200K
+11%
Net-asset trend (YoY)
End of year $65K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $222K · Expenses $232K
-4%
Liabilities-to-Assets
Total liabilities — · Total assets $73K
Net-asset ratio
Net assets $65K · Total assets $73K
89%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $73K
0%
People & payroll
Highest Reported Total Compensation
Individual Joy French · Reported title Executive Dir. · Highest reported compensation $27K · Total expenses $232K
12%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $73K · Total expenses $232K
32%
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 11%
Investment management fee ratio 0%
Legal fee ratio 1%
Accounting fee ratio 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 · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$5K

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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$276K revenue · ⤓ 990 PDF
FY2023$222K revenue · viewing · ⤓ 990 PDF
FY2022$200K revenue · ⤓ 990 PDF
FY2021$13K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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