Dancewave Inc

What it reported doing in 2024

? Our community residency program reached over 2500 NY students in over 130 different residencies throughout all five boroughs. ? We have prioritized flexible and tuition free access for all youth programming at the Dancewave Center. Thanks to the generous support of our community, we were able to offer $50,000 in tuition assistance and ensure that students were not denied access to quality dance experiences due to financial barriers.? Dancewaves youth company program reached over 40 students this year, the highest engagement weve had in several years. Our youth company program provides a spacious dance training program that builds ability, artistic integrity, and leadership skills. Incorporating technique classes, rehearsals with renowned choreographers, performance and choreographic opportunities, and intentional community-building through movement, our proven effective training provides dancers with leadership development, individual mentoring, and restorative whole-person education.? Our rehearsal subsidy program provided over 1800 subsidized hours booked in 2025. Reaching over 600 local artists in the community throughout the year. Additionally, we offer a Class Share program which invites artists to hold their own classes in our space while providing a flexible registration fee. This year we hosted 60 artists in our space offering classes in a large variety of genres. ? Our annual Dancewave Through College & Beyond program was a success, providing 400 high school students and families with essential college and career development support. This program facilitates successful transitions to higher education and careers in the arts through networking events, workshops and panel discussions, college fairs and college auditions. New in FY25 the program expanded into three sessions as a year round program.

Financial Efficiency

• Mission deployment rate: 72.9%; rating input score 73
• Program expense ratio: 77.5%; rating input score 77
• Fundraising efficiency: $10.01 raised per $1 spent on fundraising; rating input score 38; 38th 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: 100%; rating input score 100; 76th percentile among comparable filings
• 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: 5 of 8 controls in place; rating input score 62
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Fail
  • Document-retention policy: Fail
  • CEO compensation review process: Fail
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 6.5%; rating input score 54; 54th percentile among comparable filings
• Total-asset coverage ratio: 1.85; rating input score 62; 62nd percentile among comparable filings
• Liabilities to assets ratio: 0.59; rating input score 13; 13th percentile among comparable filings
• Officer compensation ratio: 7.5%; rating input score 45; 45th percentile among comparable filings

Growth

• Program expense growth: 3.7% per year; rating input score 100; 35th percentile among comparable filings
• Revenue growth: 3.6% per year; rating input score 100; 34th percentile among comparable filings
• Asset growth: 15.1% per year; rating input score 100; 73rd percentile among comparable filings