Padma Paadam School of Performing Arts Inc
Nonprofit profile at a glance
- EIN
- 934084190
- IRS 990-EZ coverage
- 2023–2024
- Forms available
- Form 990-EZ 2024
- Location
- Frederick, MD, USA
- Phone
- 3194007394
- Rating
- 89
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Performing Arts Centers
Reported finances
- Revenue
- $66,030
- Expenses
- $64,387
- Assets
- $4,625
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- Thejashwini Ramarao (President)
- Jayshri Ravishankar (Vice President)
People named in this filing
- Thejashwini Ramarao (President)
- Padma Shinde (CFO)
- Jayshri Ravishankar (Vice President)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Mission statement: At Padma Paadam School of Performing Arts, our mission is to preserve and promote the rich heritage of Bharatanatyam, a classical Indian dance form, while fostering artistic excellence and cultural awareness. We are dedicated to providing comprehensive education in Bharatanatyam that encompasses both theoretical and practical training. Our holistic approach ensures that students not only master the intricate movements but also develop a deep understanding of the history, culture, and stories embedded in this ancient art.In addition to our core dance curriculum, we offer a range of enriching experiences. We conduct regular workshops to expose our students to diverse aspects of dance, including choreography, music, and stagecraft. We believe in the synergy of body and mind, and to that end, we provide complimentary yoga classes to enhance physical fitness, flexibility, and mental well-being. Furthermore, our shloka classes help students connect with the spiritual and l
What it reported doing in 2024
Students of various age groups receive instruction in dance theory, Indian cultural history, choreography, and nattuvangam, in addition to the practical aspects of Bharatanatyam. Students actively engage in community events and competitions in the Maryland and Virginia areas, earning recognition and praise from art enthusiasts.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- Direct operator. The filing allocates 96% 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 99
- Transparency & Controls: 82
- Sustainability: 33
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 97.5%; rating input score 98
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 2.5%; rating input score 50; 50th percentile among comparable filings
- Total-asset coverage ratio: 0.07; rating input score 10; 10th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 33.3% per year; rating input score 100; 89th percentile among comparable filings
- Revenue growth: 32.7% per year; rating input score 100; 94th percentile among comparable filings
- Asset growth: 43.2% per year; rating input score 100; 94th percentile among comparable filings
Details
- Where the money goes: 97.5% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $64K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 2 filed schedules
- Filing history: 2 filing years from 2023 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 — Sustainability: Total-asset coverage ratio scored 10/100.
- Review — Sustainability: Operating margin scored 50/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.