The Timothy M Draper Center for Dance Education Inc
Nonprofit profile at a glance
- EIN
- 562342038
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024, Form 990-EZ 2009
- Location
- Brighton, NY, USA
- Phone
- 5854612000
- Rating
- 72
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Arts, Culture, and Humanities
Reported finances
- Revenue
- $738,901
- Expenses
- $730,561
- Assets
- $1,201,136
- Liabilities
- $544,659
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- MATT THROUMOULOS (President)
Highest reported compensation
- JAMEY LEVERETT (Secretary): $100,846 total reported compensation
- KATHERINE ERTSGAARD (Treasurer): $29,775 total reported compensation
- STEFANIE CHESHIRE (BOARD MEMBER): $21,353 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 timothy m draper center for dance education, inc provides the highest level of dance training while adhering to a curriculum that teaches formation of character and stresses standards of excellence.
What it reported doing in 2024
There are four different divisions 1) children's division - prelude to formal ballet instruction that introduces children to movement through creativity and group interaction. 2) student division - students study progressive levels of dance technique. 3) professional training program - studies focus on perfecting technique and developing artistry. 4) open class and adult class.
Operating model
- Revenue model
- Earned-program. 85% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 88% 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 a large share of available resources goes toward mission work. A relatively small share of voting board members are independent and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 63
- Transparency & Controls: 94
- Accountability: 59
- Sustainability: 39
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 70%; rating input score 70
- Program expense ratio: 70.9%; rating input score 71
- Fundraising efficiency: Limited
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: 100%; rating input score 100; 76th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 57.1%; rating input score 57; 12th percentile among comparable filings
- Governance controls: 5 of 8 controls in place; rating input score 62
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- 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: 1.1%; rating input score 39; 39th percentile among comparable filings
- Total-asset coverage ratio: 1.64; rating input score 59; 59th percentile among comparable filings
- Liabilities to assets ratio: 0.45; rating input score 17; 17th percentile among comparable filings
- Officer compensation ratio: 20.8%; rating input score 14; 14th percentile among comparable filings
Growth
- Program expense growth: 1.3% per year; rating input score 100; 23rd percentile among comparable filings
- Revenue growth: 2.7% per year; rating input score 100; 29th percentile among comparable filings
- Asset growth: 17.1% per year; rating input score 100; 77th percentile among comparable filings
Details
- Where the money goes: 70% of revenue deployed · 70.9% of spending went to programs
- Governance: 4 of 7 board members independent · 5 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $518K in reported program spending
- Leadership: top reported pay $101K · 7 people listed
- Consistency: 27 of 27 current checks pass
- Schedules: 5 filed schedules · includes major donors and grants
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 5 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 — Accountability: Independent voting board scored 57/100.
- Review — Accountability: Governance controls: 2 of 7 not reported.
- Moderate — Sustainability: Operating margin scored 39/100.
- Review — Sustainability: Total-asset coverage ratio scored 59/100.
- High — Sustainability: Officer compensation ratio scored 14/100.
- High — Sustainability: Liabilities to assets ratio scored 17/100.