Colorado Conservatory of Dance Inc

Nonprofit profile at a glance

EIN
462961115
IRS 990 coverage
2013–2023
Forms available
Form 990 2023
Location
Broomfield, CO, USA
Phone
7202995390
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Arts, Culture, and Humanities

Official website

Reported finances

Revenue
$1,017,155
Expenses
$1,129,024
Assets
$533,478
Liabilities
$497,016

Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

12 people listed

Highest reported compensation

  • L Castanuela Barnes 5242024 (Exec Director): $90,000 total reported compensation
  • Sandra Parks (Acting ED): $21,538 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To inspire the love for dance, encourage artistic expression, and increase accessibility of dance and performance for the community.

What it reported doing in 2023

CCDs mission is to To inspire the love for dance, encourage artistic expression, and increase accessibility of dance and performance for the community. This mission statement is the backbone of CCDs three pillars of operations: 1) to provide nationally recognized conservatory dance training; 2) provide high-quality mainstage dance productions; and, 3) engage community in high-impact education programs that ensure dance is accessible to everyone. CCD provides leading quality dance education in classical ballet, jazz, modern, tap, contemporary, and culturally relevant styles with programs that foster community, create positive influence, and inspire the individual. 23 faculty provided instruction for over 300 youth an adult students. Offered approximately 90 low-cost training opportunities to approximately 40 professional dancers via choreographers residency programs. Provided access to dance for special needs children through Ballet Expressions program of adaptive dance. Led in-school residencies for over 800 underserved elementary school students, including performances of anti-bullying ballet for students at schools throughout the north metro Denver area. CCD provided over $70,000 in tuition assistance to students to attend conservatory classes.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 63
  • Transparency & Controls: 92
  • Accountability: 95
  • Sustainability: 19
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 69.8%; rating input score 70
  • Program expense ratio: 62.5%; rating input score 63
  • Fundraising efficiency: $6.47 raised per $1 spent on fundraising; rating input score 25; 25th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 7 of 8 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -11%; rating input score 17; 17th percentile among comparable filings
  • Total-asset coverage ratio: 0.47; rating input score 21; 21st percentile among comparable filings
  • Liabilities to assets ratio: 0.93; rating input score 7; 7th percentile among comparable filings
  • Officer compensation ratio: 9.9%; rating input score 36; 36th percentile among comparable filings

Growth

  • Program expense growth: 5.4% per year; rating input score 100; 46th percentile among comparable filings
  • Revenue growth: 6.4% per year; rating input score 100; 53rd percentile among comparable filings
  • Asset growth: 22.1% per year; rating input score 100; 83rd percentile among comparable filings

Details

  • Where the money goes: 69.8% of revenue deployed · 62.5% of spending went to programs
  • Governance: 9 of 9 board members independent · 7 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $706K in reported program spending
  • Leadership: top reported pay $90K · 12 people listed
  • Consistency: 32 of 32 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 11 filing years from 2013 to 2023
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Fundraising efficiency scored 25/100.
  • High — Sustainability: Operating margin scored 17/100.
  • High — Sustainability: Total-asset coverage ratio scored 21/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • High — Sustainability: Liabilities to assets ratio scored 7/100.
  • Moderate — Sustainability: Officer compensation ratio scored 36/100.