Ridgefield Conservatory of Dance Inc
Nonprofit profile at a glance
- EIN
- 562299798
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- Ridgefield, CT, USA
- Phone
- 2034385597
- Rating
- 73
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $855,013
- Expenses
- $689,828
- Assets
- $838,303
- Liabilities
- $3,392
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- HILARY ARONOW (PRESIDENT)
- KATHERINE KING (VICE PRESIDENT)
Highest reported compensation
- AMY PIANTAGGINI (ARTISTIC DIRECTOR): $83,394 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The ridgefield conservatory of dance is dedicated to the use of a well-structured syllabus for all dance techniques. An age appropriate syllabus that takes into consideration both physical and mental development ensures the best and safest results in dance education.
What it reported doing in 2024
The conservatory is dedicated to teaching in a positive and caring way while maintaining a disciplined atmosphere that challanges each student to excel. It is recognized that dance education teaches more than dance technique. Students are taught to be thinking artists who develop the skills of self-discipline, teamwork and communication.
Operating model
- Revenue model
- Earned-program. 83% 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: 65
- Transparency & Controls: 83
- Accountability: 69
- Sustainability: 62
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 67.1%; rating input score 67
- Program expense ratio: 83.2%; rating input score 83
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 91.7%; rating input score 92; 12th 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: 100%; rating input score 100; 63rd 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: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 19.3%; rating input score 75; 75th percentile among comparable filings
- Total-asset coverage ratio: 1.22; rating input score 49; 49th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 75; 75th percentile among comparable filings
- Officer compensation ratio: 12.1%; rating input score 30; 30th percentile among comparable filings
Growth
- Program expense growth: 3.7% per year; rating input score 100; 35th percentile among comparable filings
- Revenue growth: 5.3% per year; rating input score 100; 45th percentile among comparable filings
- Asset growth: 13% per year; rating input score 100; 68th percentile among comparable filings
Details
- Where the money goes: 67.1% of revenue deployed · 83.2% of spending went to programs
- Governance: 10 of 10 board members independent · 2 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $574K in reported program spending
- Leadership: top reported pay $83K · 11 people listed
- Consistency: 24 of 25 current checks pass · 1 finding to review
- Schedules: 3 filed schedules
- Filing history: 13 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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 7 not reported.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- Moderate — Sustainability: Total-asset coverage ratio scored 49/100.
- Moderate — Sustainability: Officer compensation ratio scored 30/100.