Company of Dance Arts
Nonprofit profile at a glance
- EIN
- 222655280
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024, Form 990-EZ 2021
- Location
- Tinton Falls, NJ, USA
- Phone
- 7328424015
- Rating
- 65
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $323,588
- Expenses
- $227,804
- Assets
- $234,765
- Liabilities
- $13,026
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- KEVIN TOR (PRESIDENT)
People named in this filing
- KEVIN TOR (PRESIDENT)
- MONA RYAN (TREASURER)
- LARA SAGGESE (SECRETARY)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The company of dance arts (coda) is dedicated to providing a diverse group of children and teens with high-caliber dance performance opportunities and fostering professional artistic growth, exceptional performance standards, and comprehensive personal development. Our programs are designed to elevate young dancers through advanced training and engagement with professional artists and choreographers. We aim to nurture resilience, artistic excellence, and a broad skill set in performance, choreography, and stage production. Coda enriches the community's cultural landscape by promoting an appreciation for classical ballet and contemporary dance. Our outreach initiatives actively engage diverse audiences, fostering inclusivity and sparking interest in the performing arts. Through education and performance, coda shapes the next generation of artists and creates an organic system where the art of dance thrives and enriches lives.
What it reported doing in 2024
Codas objective continues to be exposing pre-professional dancers to the real life rigors of a professional dancer. The company serves first and foremost to provide young dancers with performance opportunities that meet professional standards of artistic development, performance values, and production qualities.
Operating model
- Revenue model
- Earned-program. 90% of the money available for current operations came from fees and other program revenue.
- 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 total spending goes to programs. A relatively small share of voting board members are independent and a relatively small share of available resources goes toward mission work.
Rating breakdown
- Financial Efficiency: 62
- Transparency & Controls: 90
- Accountability: 24
- Sustainability: 62
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 58.8%; rating input score 59
- Program expense ratio: 84.2%; rating input score 84
- Fundraising efficiency: $1.37 raised per $1 spent on fundraising; rating input score 7; 7th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 0%; rating input score 0; 7th percentile among comparable filings
- Governance controls: 4 of 7 controls in place; rating input score 57
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 29.6%; rating input score 82; 82nd percentile among comparable filings
- Total-asset coverage ratio: 1.03; rating input score 41; 41st percentile among comparable filings
- Liabilities to assets ratio: 0.06; rating input score 31; 31st percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: 0.7% per year; rating input score 100; 33rd percentile among comparable filings
- Revenue growth: 1.8% per year; rating input score 100; 34th percentile among comparable filings
- Asset growth: 3.9% per year; rating input score 100; 42nd percentile among comparable filings
Details
- Where the money goes: 58.8% of revenue deployed · 84.2% of spending went to programs
- Governance: 0 of 10 board members independent · 4 of 7 filing controls reported
- Programs: 2 filed program accomplishments · $192K in reported program spending
- Leadership: top reported pay $0 · 11 people listed
- Consistency: 24 of 24 current checks pass
- Schedules: 4 filed schedules
- Filing history: 13 filing years from 2011 to 2024
- Contacts: How to reach this organization
- 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 — Accountability: Independent voting board scored 0/100.
- Review — Financial Efficiency: Mission deployment rate scored 59/100.
- High — Financial Efficiency: Fundraising efficiency scored 7/100.
- Review — Accountability: Governance controls: 2 of 6 not reported.
- Moderate — Sustainability: Total-asset coverage ratio scored 41/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 31/100.