Rocky Mountain Dance Education Foundation

Nonprofit profile at a glance

EIN
831112157
IRS 990 coverage
2024–2024
Forms available
Form 990 2024, Form 990-EZ 2023, Form 990-N 2020
Location
Colorado Springs, CO, USA
Phone
7196408301
Rating
74
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Arts, Culture, and Humanities

Reported finances

Revenue
$113,088
Expenses
$81,438
Assets
$58,731
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • ZACHARY TAYLOR (PRESIDENT)
  • MELANY MONEY (VICE PRESIDENT)

People named in this filing

  • ZACHARY TAYLOR (PRESIDENT)
  • MELANY MONEY (VICE PRESIDENT)
  • JESSICA LLAVET (TREASURER)

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 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

We provide grants and scholarships for dancers in the state of Colorado, the "Rocky Mountain Region". These are funded through a variety of fundraising, community donations, and member dues. Organization voted for a name change from Revolution Dance Ensemble Foundation to Rocky Mountain Dance Education Foundation to better reflect this charitable purpose in February 2024. Amendment was filed with and approved by the Colorado Secretary of State and we are officially changing the name with the IRS in this filing.

What it reported doing in 2024

Grants and scholarships for a variety of dance-education related purposes were paid out in fiscal year 2024. These scholarships and grants totaled $76,071.00 and served a variety of purposes from performance scholarships, dance education grants, choreography grants and scholarships, dance educator DE&I training, purchase of dance equipment for public school dancers, and more. We issued an additional amount of $11,559.00 of grants that were not cashed prior to the close of the fiscal year and will be counted in our next filing due to our method of accounting. Of the remaining funds for the organization for the next fiscal year over $39,000 is already allocated to a variety of community grants and scholarships for the first fiscal quarter; some have been paid as of this filing and other planned scholarships will be realized in the 2026 fiscal year.

Operating model

Revenue model
Donor-supported. 65% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

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 total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 68
  • Transparency & Controls: 89
  • Accountability: 70
  • Sustainability: 65
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 67.3%; rating input score 67
  • Program expense ratio: 93.4%; rating input score 93
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 92.3%; rating input score 92; 22nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 80th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 2 of 7 controls in place; rating input score 29
    • 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: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 28%; rating input score 81; 81st percentile among comparable filings
  • Total-asset coverage ratio: 0.72; rating input score 32; 32nd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 17.2% per year; rating input score 100; 85th percentile among comparable filings
  • Asset growth: 60.1% per year; rating input score 100; 97th percentile among comparable filings

Details

  • Where the money goes: 67.3% of revenue deployed · 93.4% of spending went to programs
  • Governance: 7 of 7 board members independent · 2 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $76K in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 41 of 42 current checks pass · 1 finding to review
  • Schedules: 5 filed schedules · includes major donors and grants
  • 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 — Accountability: Governance controls: 4 of 6 not reported.
  • Moderate — Sustainability: Total-asset coverage ratio scored 32/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.