Ragamala Dance
Nonprofit profile at a glance
- EIN
- 411747144
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- Minneapolis, MN, USA
- Phone
- 6128241968
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Cultural, Ethnic Awareness
Reported finances
- Revenue
- $1,363,875
- Expenses
- $998,840
- Assets
- $976,375
- Liabilities
- $84,007
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- JOHN RISKE (PRESIDENT)
- MARGUERITE AHMANN (VICE PRESIDENT)
Highest reported compensation
- APARNA RAMASWAMY (EXECUTIVE ARTISTIC DIRECTO): $120,035 total reported compensation
- ASHWINI RAMASWAMY (COMMUNICATIONS DIRECTOR/CHOREOGRAPHIC ASSOCIATE): $108,298 total reported compensation
- RANEE RAMASWAMY (FOUNDER AND ARTISTIC DIRECTOR): $105,921 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Ragamala is the vision of mother-daughter south indian american artists ranee and aparna ramaswamy. Through multi-disciplinary dance works for the stage, engaging the community, and educating the next generation, ragamala epitomizes intercultural, immigrant narratives.
What it reported doing in 2024
Program services include: performances locally and on tour (u.s. And u.k): presented 24 live performances at 10 venues in 10 cities, reaching a total audience of 6,634. Community engagement activities in our home community and on tour: conducted 33 in-person outreach activities at 30 sites in the twin cities and nationwide (including schools, universities, senior centers, dance schools, hospitals, community centers, places of worship, museums, and community festivals) reaching an audience of 6,823. See schedule o for additional program language.ongoing classes at the ragamala training center, with locations in minneapolis and rochester, Minnesota: conducted 6 hours of group classes per week for 36 weeks of the year, and additional one-on-one classes for advanced students, for a population of 40 students aged 7 through adult.
Operating model
- Revenue model
- Donor-supported. 64% of the money available for current operations came from contributions and gifts.
- 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 most voting board members are independent. A relatively small share of available resources goes toward mission work and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 59
- Transparency & Controls: 92
- Accountability: 87
- Sustainability: 57
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 55.7%; rating input score 56
- Program expense ratio: 76%; rating input score 76
- Fundraising efficiency: $6.43 raised per $1 spent on fundraising; rating input score 24; 24th 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: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- 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: Pass
Sustainability
- Operating margin: 26.8%; rating input score 82; 82nd percentile among comparable filings
- Total-asset coverage ratio: 0.98; rating input score 42; 42nd percentile among comparable filings
- Liabilities to assets ratio: 0.09; rating input score 45; 45th percentile among comparable filings
- Officer compensation ratio: 41.9%; rating input score 3; 3rd percentile among comparable filings
Growth
- Program expense growth: 2.4% per year; rating input score 100; 28th percentile among comparable filings
- Revenue growth: 4.4% per year; rating input score 100; 40th percentile among comparable filings
- Asset growth: 8.8% per year; rating input score 100; 55th percentile among comparable filings
Details
- Where the money goes: 55.7% of revenue deployed · 76% of spending went to programs
- Governance: 7 of 9 board members independent · 8 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $759K in reported program spending
- Leadership: top reported pay $120K · 11 people listed
- Consistency: 28 of 28 current checks pass
- Schedules: 7 filed schedules · includes major donors
- Filing history: 13 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 4 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.
- Review — Financial Efficiency: Mission deployment rate scored 56/100.
- High — Financial Efficiency: Fundraising efficiency scored 24/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 42/100.
- High — Sustainability: Officer compensation ratio scored 3/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 45/100.