Mudra Dance Studio

Nonprofit profile at a glance

EIN
330999875
IRS 990 coverage
2023–2023
Forms available
Form 990 2023
Location
Aurora, CO, USA
Phone
7202524480
Rating
62
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Performing Arts Organizations

Official website

Reported finances

Revenue
$143,719
Expenses
$143,323
Assets
$300,411
Liabilities
$0

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

Leadership & pay

10 people listed

Executive titles in this filing

  • Namita Khanna (President)
  • Winston Herbert (Vice President)

People named in this filing

  • Aaron Templer (Advisor/ PR & Branding Specialist)
  • Shawn Herbert (Art Director)
  • Stephanie Roberts (Director)

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 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

"To enable any person; without any discrimination of caste, creed, color, race, religion, nationality, economic, orientation, educational and social status; to learn the classical, contemporary and folkdances and performing arts of India and participate freely and fully without any reservations in the celebrations of life and diversity through the universal language of dance and music." Over the years, MDS has had an increase in the number of students, teachers, and classes for different age groups: from the tender age of 3 to the mature age of 60 plus; and an increase in locations of these classes. MDS foundation of be based on teaching the classical dance form of "KATHAK" which is derived from the word "KATHA" meaning story telling. MDS is also a cultural resource for various Colorado school districts and universities. MDS main aim is to celebrate diversity and spread unity through performances in the universal language of dance and music. Free performances for under served areas.

What it reported doing in 2023

Mudra Dance Studio's annual report for 2021 prepared for SCFD of Colorado State details the various type of activities undertaken by MDS (Mudra Dance Studio) in 2021 and the various programs undertaken at different levels for counties and organizations as well as schools, colleges, church groups, universities, social groups and collaboration with other non-profit organizations. A copy of the report is annexed herewith for your kind appreciation that display apart from the diverse artistic nature of the dance activities by MDS, that not only entertain but also educate and show the beauty of collaboration and bring about true harmony of culture. MDS is proud to have brought in the beautiful art of Taiko Drumming from Japan to create a branch of MUDRA TAIKO ENSEMBLE now in its 9th year. MDS also is proud to be able to offer full and partial scholarships to eligible and deserving students so they can continue their pursuit of learning the beautiful art of Indian Dance and Culture without the financial restraints that will barre that artistic journey. The school portion of MDS is on a semester system and at the end of the spring semester there is a recital. This year was the 15th annual recital called "UTSAV15". A beautiful display of all the hard work and learning of all the students of all levels in a beautiful amalgamation of dance, drumming, music with beautiful custom costumes and jewelry made for each student that is the property of MDS.

Operating model

Revenue model
Earned-program. 63% 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 - 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 some filed totals do not add up.

Rating breakdown

  • Financial Efficiency: 84
  • Transparency & Controls: 80
  • Accountability: 6
  • Sustainability: 55
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 94%; rating input score 94
  • Program expense ratio: 94.2%; rating input score 94
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 88.9%; rating input score 89; 5th 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: Limited
  • Governance controls: 1 of 7 controls in place; rating input score 14
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 0.3%; rating input score 42; 42nd percentile among comparable filings
  • Total-asset coverage ratio: 2.1; rating input score 60; 60th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 81; 81st percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 94% of revenue deployed · 94.2% of spending went to programs
  • Governance: 1 of 7 filing controls reported
  • Programs: 3 filed program accomplishments · $135K in reported program spending
  • Leadership: top reported pay $0 · 10 people listed
  • Consistency: 15 of 16 current checks pass · 1 finding to review
  • Schedules: 3 filed schedules
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • 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 — Accountability: Governance controls: 5 of 6 not reported.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • Moderate — Sustainability: Operating margin scored 42/100.