Koresh Dance Company

Nonprofit profile at a glance

EIN
232703616
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Philadelphia, PA, USA
Phone
2157510959
Rating
71
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Arts, Culture, and Humanities

Official website

Reported finances

Revenue
$907,593
Expenses
$1,188,312
Assets
$1,795,730
Liabilities
$1,525,835

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • ALON KORESH (EXECUTIVE DIRECTOR)
  • STEVE LAZIN (PRESIDENT)
  • LESLIE BAKER BORIS (VICE PRESIDENT)

Highest reported compensation

  • ALON KORESH (EXECUTIVE DIRECTOR): $78,290 total reported compensation
  • RONEN KORESH (ARTISTIC DIRECTOR): $67,258 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Koresh dance company is dedicated to shaping and enriching the cultural fabric of philadelphia by creating exceptional dance experiences that inspire, educate, and connect. Through performance, education, and outreach, we strive to make the art of dance accessible and meaningful to the greater philadelphia community and beyond.

What it reported doing in 2024

Educationthe education program contains the koresh youth ensemble, established to provide serious young dancers with intensive training and professional performance opportunities. Students who demonstrate both the talent and desire to pursue dance professionally audition for the ensemble each year. Under the direction of melissa rector, assistant artistic director of koresh dance company, ensemble members have the opportunity to learn both original choreography and company repertory. They perform during the company's home seasons at the suzanne roberts theatre, as well as at koresh artist showcases throughout the year. It also contains the koresh kids dance program, which brings arts education to underserved children by creating partnerships with philadelphia public schools and providing free weekly dance classes for their 4th and 5th grade students, promoting creativity as a conduit for non-violence and achieving life goals.the organization also operates a school and offers open dance classes to children and adults, as well as free classes at 11 public schools.

Operating model

Revenue model
Earned-program. 70% 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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 74
  • Transparency & Controls: 92
  • Accountability: 56
  • Sustainability: 24
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 90.5%; rating input score 90
  • Program expense ratio: 69.6%; rating input score 70
  • Fundraising efficiency: $2.86 raised per $1 spent on fundraising; rating input score 8; 8th 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: 77.8%; rating input score 78; 17th percentile among comparable filings
  • Governance controls: 2 of 8 controls in place; rating input score 25
    • Conflict-of-interest policy: Fail
    • 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: Fail
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -30.9%; rating input score 6; 6th percentile among comparable filings
  • Total-asset coverage ratio: 1.51; rating input score 56; 56th percentile among comparable filings
  • Liabilities to assets ratio: 0.85; rating input score 8; 8th percentile among comparable filings
  • Officer compensation ratio: 12.2%; rating input score 30; 30th percentile among comparable filings

Growth

  • Program expense growth: -1.2% per year; rating input score 0; 14th percentile among comparable filings
  • Revenue growth: -0.2% per year; rating input score 0; 14th percentile among comparable filings
  • Asset growth: 9.3% per year; rating input score 100; 56th percentile among comparable filings

Details

  • Where the money goes: 90.5% of revenue deployed · 69.6% of spending went to programs
  • Governance: 7 of 9 board members independent · 2 of 8 filing controls reported
  • Programs: 2 filed program accomplishments · $827K in reported program spending
  • Leadership: top reported pay $78K · 9 people listed
  • Consistency: 26 of 26 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • 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: Governance controls: 6 of 8 not reported.
  • High — Financial Efficiency: Fundraising efficiency scored 8/100.
  • High — Sustainability: Operating margin scored 6/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Sustainability: Total-asset coverage ratio scored 56/100.
  • High — Sustainability: Liabilities to assets ratio scored 8/100.
  • Moderate — Sustainability: Officer compensation ratio scored 30/100.