Main Street Theatre & Dance Alliance Inc
Nonprofit profile at a glance
- EIN
- 133751906
- IRS 990 coverage
- 2016–2024
- Forms available
- Form 990 2024, Form 990-EZ 2015
- Location
- New York, NY, USA
- Phone
- 2123714449
- Rating
- 79
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Arts Education
Reported finances
- Revenue
- $699,530
- Expenses
- $684,676
- Assets
- $196,193
- Liabilities
- $204,457
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- GINA ENOCK (PRESIDENT)
- JOANNE EICHEL (VICE PRESIDENT)
- KRISTI TOWEY (EXECUTIVE DIRECTOR)
Highest reported compensation
- KRISTI TOWEY (EXECUTIVE DIRECTOR): $35,000 total reported compensation
- KIMBERLY FADNER (OUTGOING PRODUCING ARTISTIC DIRECTOR): $22,380 total reported compensation
- ASHLEIGH HERNDON (INCOMING PRODUCING ARTISTIC DIRECTOR): $5,239 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To stimulate, encourage and promote interest in dance, theatrical productions, music and all related cultural art forms for the citizens of roosevelt island.
What it reported doing in 2024
The main street theatre & dance alliance offers theatre, dance, fitness classes, theatre shows, and comedy & improv for all ages.-theater - from basic stagecraft to more advanced concepts of comedy, drama, and classical theatre. Focus on improvisation, theatre games, team dynamics, creative movement, speech, and vocal production; explore and develop characters through monologues, scene work, and cold readings. Annual production and performance each spring.-dance - students will learn basic, beginning and advanced-beginning classical ballet technique, terms and steps. Students will do barre and center work that develops strength, body alignment, flexibility, gracefulness and musicality. There will be an open class at the end of the session for invited guests. -fitness - a combination of pilates, yoga, alexander technique and core body movements. Designed to correct body alignment. Popular low-impact aerobic workout, combined with free weights & basic floor exercises. Designed for every fitness level. Yoga and zumba is also available.
Operating model
- Revenue model
- Earned-program. 84% 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 available resources goes toward mission work. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 68
- Transparency & Controls: 92
- Accountability: 88
- Sustainability: 29
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 76.1%; rating input score 76
- Program expense ratio: 77.8%; rating input score 78
- Fundraising efficiency: Limited
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: 87.5%; rating input score 88; 21st percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 2.1%; rating input score 42; 42nd percentile among comparable filings
- Total-asset coverage ratio: 0.29; rating input score 13; 13th percentile among comparable filings
- Liabilities to assets ratio: 1.04; rating input score 5; 5th percentile among comparable filings
- Officer compensation ratio: 9.7%; rating input score 38; 38th percentile among comparable filings
Growth
- Program expense growth: 15.6% per year; rating input score 100; 76th percentile among comparable filings
- Revenue growth: 14.7% per year; rating input score 100; 78th percentile among comparable filings
- Asset growth: 18.7% per year; rating input score 100; 79th percentile among comparable filings
Details
- Where the money goes: 76.1% of revenue deployed · 77.8% of spending went to programs
- Governance: 7 of 8 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $532K in reported program spending
- Leadership: top reported pay $35K · 11 people listed
- Consistency: 25 of 25 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 9 filing years from 2016 to 2024
- Contacts: How to reach this organization
- Money network: 7 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.
- Moderate — Sustainability: Operating margin scored 42/100.
- High — Sustainability: Total-asset coverage ratio scored 13/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- High — Sustainability: Liabilities to assets ratio scored 5/100.
- Moderate — Sustainability: Officer compensation ratio scored 38/100.