2025-02-26T11:48:11-06:00 2024-12-31 942849687 WMB2LLP 101 LARKSPUR LANDING CIR STE 200 LARKSPUR CA 949391750 990 2024-01-01 942287039 MARGARET JENKINS DANCE STUDIO INC MARG 4152253930 3973 25TH STREET SAN FRANCISCO CA 94114 MARGARET JENKINS PRESIDENT 4152253930 2025-02-14 1 0 GIOVANNA K DUENAS P01256956 4159251120 2024 2025-03-06 01:10:19Z MARGARET JENKINS 3973 25TH STREET SAN FRANCISCO CA 94114 541453 0 X WWW.MJDC.ORG X 1973 CA SEE ATTACHED STATEMENTPRESENTS PERFORMANCES OF ORIGINAL DANCE WORKS AND OPERATES EDUCATIONAL AND TRAINING PROGRAMS THAT EXTEND AWARENESS OF AND PARTICIPATION IN DANCE. 5 4 14 17 0 0 287955 529383 0 12070 0 0 2350 0 290305 541453 0 0 0 0 181181 245170 0 0 40746 132511 161818 313692 406988 -23387 134465 391484 525950 0 0 391484 525950 DEDICATED TO THE MAKING AND TOURING OF NEW WORK, INTERNATIONAL EXCHANGE, AND PROGRAMS THAT SUPPORT PROCESS, CHOREOGRAPHIC MEMBERSHIP AND PERFORMANCE OPPORTUNITIES. 0 0 305466 PRODUCTION AND PERFORMANCES OF ORIGINAL DANCE WORKS 305466 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 11 0 1 14 1 0 0 0 0 0 0 0 0 0 0 X 5 4 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X THE ORGANIZATION 4152253930 3973 25TH STREET SAN FRANCISCO CA 94114 MARGARET JENKINS PRESIDENT, ARTISTIC DIR 40.00 X X 117269 0 0 RHYS MASON TREASURER/SECRETARY 1.00 X X 0 0 0 MINDY KERSCHNER CHAIR 1.00 X X 0 0 0 MICHAEL PALMER VICE PRESIDENT 1.00 X X 0 0 0 MARCIA HOFER MEMBER 1.00 X 0 0 0 KEGAN MARLING EXECUTIVE DIRECTOR 20.00 X 44424 0 7567 161693 0 7567 1 0 0 0 0 45169 484214 529383 PROGRAM SERVICES AND O 711120 12070 12070 12070 541453 12070 0 0 161693 96837 31097 33759 50125 50125 16918 10132 3254 3532 16434 11245 2488 2701 7620 7620 2104 1052 1052 16692 12519 4173 31659 30960 699 5645 5645 PRODUCTION COSTS 83130 83130 ARTISTIC FEES 8000 8000 DUES AND SUBSCRIPTIONS 3975 3975 TELEPHONE 1346 673 673 1647 793 100 754 406988 305466 60776 40746 391484 525950 81959 81959 0 0 391484 525950 0 0 X 391484 525950 391484 525950 391484 525950 134465 0 X X 0 0 0 X 802016 230064 300209 287955 529383 2149627 802016 230064 300209 287955 529383 2149627 2149627 2350 2350 41337 41337 2193314 45744 0.98010 0.97800 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 251601 251601 81959 81959 0 0 X PART V, LINE 4: IN 2019 THE BOARD OF DIRECTORS OPTED TO RECLASSIFY ITS PERMANENTLY RESTRICTED NET ASSETS BALANCE OF $251,601 TO NET ASSETS WITHOUT DONOR RESTRICTIONS. THE ORIGINAL STIPULATION SET FORTH BY THE DONOR IN 2010 WAS THAT IF AFTER FIVE YEARS THE FUNDS HAD BEEN USED ON ARTISTIC OPERATIONS AND NOT REPLENISHED, MJDC WAS NOT REQUIRED TO REPLENISH THE FUND GOING FORWARD. THE ENDOWMENT FUNDS HAD BEEN SPENT FROM 2010 THROUGH 2015 ON ARTISTIC OPERATIONS, AND THE FUND HAD NOT BEEN REPLENISHED, THUS RELEASING IT FROM RESTRICTION. THE CHANGE WAS NOT IMPLEMENTED UNTIL 2019 DUE TO STAFF TRANSITIONS AND OTHER ORGANIZATION PRIORITIES. PART X, LINE 2: THE ORGANIZATION FOLLOWS ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES RELATING TO THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. ADOPTION OF THESE PROVISIONS DID NOT HAVE ANY IMPACT ON THE ORGANIZATION'S LIABILITY FOR UNRECOGNIZED TAX LIABILITIES. MANAGEMENT BELIEVES THAT THE ORGANIZATION HAS ADEQUATELY ADDRESSED ALL TAX POSITIONS AND THAT THERE ARE NO UNRECORDED TAX LIABILITIES. TAX YEARS 2018 TO 2021 ARE OPEN FOR EXAMINATION BY THE INTERNAL REVENUE SERVICE AND YEARS 2019 TO 2021 BY THE CALIFORNIA FRANCHISE TAX BOARD. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY AN OUTSIDE TAX PROFESSIONAL. THE FORM IS THEN REVIEWED BY THE ORGANIZATION'S MANAGEMENT AND A MEMBER OF THE BOARD OF DIRECTORS. THIS GROUP OF INDIVIDUALS THEN DISCUSSES THE CONTENTS OF THE RETURN WITH THE OUTSIDE TAX PROFESSIONAL. AFTER A FULL REVIEW (WITH MODIFICATIONS WHERE NECESSARY), THE FINAL VERSION OF THE TAX RETURN IS PROVIDED TO ALL MEMBERS OF THE ORGANIZATION'S VOTING BODY ON THEIR REQUEST. A BOARD MEMBER AND OFFICER SIGNS AND MAILS THE RETURN TO THE DEPARTMENT OF THE TREASURY. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS REVIEWS ALL POTENTIAL CONFLICTS OF INTEREST AT LEAST ANNUALLY. ALL PERSONNEL AND BOARD MEMBERS ARE REQUIRED TO DISCLOSE POTENTIAL CONFLICTS AND ANY RELATED PARTY AFFILIATIONS. LOANS BETWEEN THE ORGANIZATION AND MEMBERS OF MANAGEMENT AND THE BOARD ARE STRICTLY PROHIBITED. THE ORGANIZATION SEEKS FULL TRANSPARENCY ON ALL RELATIONSHIPS. ANY POTENTIAL CONFLICTS (IN FACT OR APPEARANCE) ARE DISCUSSED OPENLY AND RESOLVED IN ACCORDANCE WITH THE ORGANIZATION,S POLICIES AND PROCEDURES. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS REVIEWS THE COMPENSATION OF ALL HIGH-LEVEL PERSONNEL ANNUALLY IN ACCORDANCE WITH IRS RULES AND REGULATIONS. EFFORTS ARE MADE TO SECURE COMPENSATION DATA FROM INDUSTRY SOURCES IN ORDER TO DETERMINE COMPETITIVENESS AND APPROPRIATENESS OF SALARIES. EVERY EFFORT IS MADE TO ENSURE THAT THE PROCESS IS THOROUGH AND TRANSPARENT IN ACCORDANCE WITH IRS GUIDELINES AND THE ORGANIZATION'S POLICIES AND PROCEDURES. FORM 990, PART VI, SECTION C, LINE 18 ALL OF THE ORGANIZATION'S TAX FILINGS ARE MAINTAINED IN A SECURE ENVIRONMENT AND HELD AVAILABLE FOR INSPECTION BY TAX AUTHORITIES AND THE GENERAL PUBLIC. FORM 990, PART VI, SECTION C, LINE 19 ALL OF THE ORGANIZATION'S GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND OTHER LEGAL FILINGS ARE MAINTAINED IN A SECURE ENVIRONMENT AND HELD AVAILABLE FOR INSPECTION BY TAX AUTHORITIES AND THE GENERAL PUBLIC. 990 PART XII LINE 2C THE ORGANIZATION DID NOT CHANGE EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE YEAR.