Overview
What is Dance Works Inc?
Dance Works Inc, situated in New York City, is a nonprofit organization dedicated to supporting the performing arts community. Their primary role is to provide administrative assistance to artists, enabling them to actualize their creative visions and expand their audience base. This support includes fiscal administration, fiscal sponsorship, bookkeeping, booking/representation, administrative personnel, mentors, and internships. Additionally, they offer artist services such as performance/showcase opportunities and working sessions in their areas of expertise. Beyond artist services, Dance Works Inc also engages in education and outreach programming, including in-school programs, community centers, and internships. A notable new initiative is ART, a program that studies the impact of bundled administrative services on the success of NYC dance artists, providing comprehensive mentoring and administrative staffing to support their growth. NextSteps is an online platform that shares findings from ART with the field while offering free access to regularly updated resources, articles, and templates, as well as virtual assistance technologies. Dance Works Inc has also introduced Financial Urgent Care, a fiscal service for artistic entities requiring expert financial advice and advanced QuickBooks accounting software skills. This service is particularly beneficial for entities undergoing staff changes or lacking sound financial policies and procedures. With a team of 17 dedicated employees, Dance Works Inc continues to serve the performing arts community in New York City.
Official website here: www.pentacle.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
Dance Works Inc has achieved an impressive Four-Star rating from Charity Navigator, with an overall score of 96%. This rating reflects a strong emphasis on accountability and finance, which is critical for potential donors seeking transparency in nonprofit operations. The organization excels in various key performance areas, showcasing robust financial health and governance practices.
One of the standout features of Dance Works Inc is its governance structure, with 90% of its board members being independent. This independence contributes to sound decision-making and minimizes conflicts of interest. The nonprofit also scored perfectly in several categories, including financial statement audits, material diversion of assets, and maintaining essential policies such as conflict of interest and whistleblower protections.
Despite its strengths, the evaluation primarily highlights financial metrics without specific insights into programmatic impact or community outreach. While maintaining a program expense ratio of 75.37% demonstrates effective allocation of resources, further information on the organization's direct impact would provide a more comprehensive understanding of its overall effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Dance Works Inc legitimate?
Dance Works Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dance Works Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $163,250
Professional Fundraising Fees: $0
Other Salaries and Wages: $517,304
For more financial information, click here
Official website here: www.pentacle.org
What is the mission statement of Dance Works Inc?
Dance Works Inc's mission is centered around serving the performing arts community. They aim to provide artists with the administrative support they need to fulfill their artistic visions and expand their audience bases. This organization offers a variety of services, including fiscal administration, booking, mentorship, internships, and performance opportunities. In addition to artist services, Dance Works Inc also engages in education and outreach programming, internships, and new initiatives. One of their initiatives, ART, provides comprehensive mentoring and administrative staffing to support artists' infrastructure, helping them achieve their goals. Another initiative, NextSteps, shares findings with the field and provides free access to resources, articles, and templates. Lastly, Dance Works Inc recently launched Financial Urgent Care, offering fiscal services to artistic entities in need of expertise and advanced QuickBooks accounting skills.
Official website here: www.pentacle.org
Who is the CEO of Dance Works Inc?
Clarissa Soto Josephs is the President & Executive Director of Dance Works Inc.
Official website here: www.pentacle.org
What is the revenue of Dance Works Inc?
Dance Works Inc's revenue in 2022 was $1,217,812.
Official website here: www.pentacle.org
Who are the executives of Dance Works Inc and what are their salaries?
The average compensation at Dance Works Inc during 2022 was $40,033. There are 17 employees at Dance Works Inc.
Here are 12 key members and their salaries:
- Compensation: $95,980
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- Other: $7,668
- Compensation: $72,445
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- Other: $1,885
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Official website here: www.pentacle.org
Where can I find the form 990 for Dance Works Inc?
Dance Works Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.pentacle.org
Learn more at the official website: www.pentacle.org
Mission Statement of Dance Works Inc
Dance Works Inc, a notable organization in the performing arts community, is committed to serving artists by providing them with the necessary administrative support to realize their artistic visions and expand their audiences. The organization's mission is to act as a vital resource, offering services such as fiscal administration, fiscal sponsorship, bookkeeping, booking/representation, administrative personnel, mentors, interns, performance/showcase opportunities, and working sessions. By offering these services, Dance Works Inc empowers artists to focus on their artistic endeavors, thereby fostering their growth and success.
In addition to artist services, Dance Works Inc engages in educational and outreach programming. Through in-school programs, community centers, and internships, the organization aims to inspire and engage young people in the arts. Furthermore, Dance Works Inc is dedicated to advancing the field of arts administration by conducting research and sharing its findings. The organization's Art(Administrative Resource Team) program offers comprehensive mentoring and administrative staffing, supporting artists in building their infrastructure to achieve their goals.
In an effort to make these resources widely accessible, Dance Works Inc has launched an online platform called NextSteps. This platform shares the findings of the Art program with the field while simultaneously providing free access to regularly updated resources, articles, and templates. Additionally, NextSteps offers virtual assistance technologies, such as a live chat feature and community forum, to further support artists in their administrative endeavors.
Recognizing the importance of financial stability for artists, Dance Works Inc has launched a new fiscal service called Financial Urgent Care. This service is available to artistic entities that require expert financial guidance and advanced QuickBooks accounting skills. By providing an initial assessment and a customized plan, Dance Works Inc helps entities build a strong financial structure, ensuring their long-term success. In this way, Dance Works Inc continually strives to support and empower artists in achieving their artistic visions and growing their audiences.
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Impact
October, 2024
Dance Works Inc plays a vital role in the performing arts community by offering comprehensive administrative support tailored to the needs of artists. Through a variety of services, including fiscal administration, bookkeeping, and booking representation, the organization empowers artists to focus on their creative endeavors while ensuring their operational needs are met.
The impact extends beyond direct support as Dance Works Inc also fosters educational and outreach programming, bringing artistic initiatives to schools and community centers. Their innovative ART (Administrative Resource Team) initiative facilitates a systematic study of how bundled administrative services enhance artistic growth, providing essential mentoring and infrastructure support.
Moreover, the organization’s new initiatives, such as the NextSteps platform, democratize access to valuable resources and facilitate collaboration among artists. The Financial Urgent Care service addresses financial management challenges faced by artistic entities, helping them establish sound financial practices and adapt through transitions.
In summary, Dance Works Inc significantly enriches the performing arts landscape in New York by equipping artists with the tools and support necessary to thrive, thereby broadening their reach and facilitating audience development.
This information is meant to be a general summary of Dance Works Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $219
- Program Service Revenue: $816,608
- Gross Receipts: $1,217,812
Assets and Liabilities:
- Total Assets: $635,709
- Total Liabilities: $39,855
- Net Assets: $595,854
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMINISTRATIVE SERVICES
Revenue
$816,608
Organization Details
Founding Year
1974
Phone
(212) 278-8111Principal Officer
Clarissa Soto Josephs
Main Address
40 BROAD STREET, NEW YORK, NY, 10004
Website
www.pentacle.orgNTEE Category
Code: A62Z - Arts
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