Terpsicorps Theatre of Dance
Nonprofit profile at a glance
- EIN
- 542124670
- IRS 990 coverage
- 2017–2024
- Forms available
- Form 990 2024, Form 990-EZ 2023
- Location
- Asheville, NC, USA
- Phone
- 8287611371
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Ballet
Reported finances
- Revenue
- $245,578
- Expenses
- $187,013
- Assets
- $132,456
- Liabilities
- $-1,510
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
People named in this filing
- Mountaine Jonas (Board Chair)
- LeeAnn Donnelly (Secretary)
- Audra Gaiziunas (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
Terpsicorps Theater of Dance brings innovative dance to the communities of Asheville and Winston-Salem as well as the state of North Carolina through concert performances; collaberations with local and nationally known artists and arts organizations; outreach programs for people of all cultural and economic backgrounds designed to delight, enlighten and educate.
What it reported doing in 2024
Since 2003, Terpsicorps Theatre of Dance has been North Carolinas summertime professional contemporary ballet company. The company was founded in Asheville, but now shares a dual residency between the cities of Asheville and Winston-Salem. Terpsicorps is known for producing innovative, thought provoking, and entertaining performances of the highest professional caliber. The subject matter varies but is always deeply rooted in universal themes that convey the most basic and complex aspects of the human experience. Critically acclaimed dancers from some of the most respected companies in the United States and Canada travel to NC every summer to bring the shows to life, providing audiences with the opportunity to take pride in an organization of the quality that one would expect to find only in a large metropolitan city. Terpsicorpsprides itself on consistently presenting an ethnically diverse cast of dancers who are hired for a unique combination of athletic virtuosity and theatrical artistry. The company performs works by artistic director Heather Maloy, ballet master Christopher Bandy, and the late master choreographer, Salvatore Aiello. Maloy danced for the North Carolina Dance Theatre under Aiellos direction, and was greatly influenced by him as a choreographer and as a director. His flair for creating dance that was not only noteworthy for its movement quality and musicality, but also for its theatricality, is the inspiration behind everything Terpsicorps produces.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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 program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 82
- Transparency & Controls: 85
- Accountability: 70
- Sustainability: 54
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 73.3%; rating input score 73
- Program expense ratio: 96%; rating input score 96
- Fundraising efficiency: $82.2 raised per $1 spent on fundraising; rating input score 83; 83rd percentile among comparable filings
Transparency & Controls
- Consistency checks: 90.9%; rating input score 91; 13th 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: 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: Pass
- 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: 23.8%; rating input score 77; 77th percentile among comparable filings
- Total-asset coverage ratio: 0.71; rating input score 32; 32nd percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: -3.8% per year; rating input score 0; 19th percentile among comparable filings
- Revenue growth: 4.4% per year; rating input score 100; 49th percentile among comparable filings
- Asset growth: 13.8% per year; rating input score 100; 75th percentile among comparable filings
Details
- Where the money goes: 73.3% of revenue deployed · 96% of spending went to programs
- Governance: 5 of 5 board members independent · 2 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $180K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 19 of 20 current checks pass · 1 finding to review
- Schedules: 4 filed schedules · includes major donors
- Filing history: 5 filing years from 2017 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: 4 of 6 not reported.
- High — Growth: Program expense growth scored 0/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- Moderate — Sustainability: Total-asset coverage ratio scored 32/100.