Nonprofit · EIN 54-2124670
TERPSICORPS THEATRE OF DANCE
Tax-exempt · ASHEVILLE, NC 28806
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990 | $245,578 | $187,013 | $58,565 | $132,456 | -$1,510 | $133,966 |
| August 31, 2024 | 990-EZ | $145,774 | $178,670 | -$32,896 | $79,437 | $2,684 | $76,753 |
| August 31, 2023 | 990-EZ | $164,062 | $206,706 | -$42,644 | $110,124 | $475 | $109,649 |
Financial details: 990 for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $157,901
- of which government grants
- $32,000
- Program service revenue
- $85,300
- Investment income
- $1,537
- Net income from fundraising events
- $840
- Other revenue
- $840
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $40,000
- Other salaries and wages
- $7,636
- Salaries, compensation and benefits (total)
- $51,045
- Professional fundraising fees
- $0
- Program services (functional)
- $179,577
- Management and general (functional)
- $5,515
- Fundraising (functional)
- $1,921
Balance sheet and other
- Total assets, start of year
- $112,333
- Total assets, end of year
- $132,456
- Total liabilities, end of year
- -$1,510
- Net assets, end of year
- $133,966
- Net assets without donor restrictions
- $133,966
- Gross receipts
- $245,578
- Employees
- 1
- Volunteers
- 20
- Year formed
- 2003
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended August 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Mountaine Jonas | Board Chair Trustee or director, Officer | 1 | $0 |
| LeeAnn Donnelly | Secretary Trustee or director, Officer | 1 | $0 |
| Audra Gaiziunas | Treasurer Trustee or director, Officer | 1 | $0 |
| Ogla Lucia | Director Trustee or director | 1 | $0 |
| Mary Lynn Wigodsky | Director Trustee or director | 1 | $0 |
990-EZ for the year ended August 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Heather Maloy | Artistic Director | 40 | $35,673 |
| Adam Vorhis | Chair | 1 | $0 |
| Nishma Patel | Secretary | 1 | $0 |
| Mountaine Jonas | Director | 1 | $0 |
| Ben Baker | Director | 1 | $0 |
990-EZ for the year ended August 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Heather Maloy | Artistic Director | 40 | $35,000 |
| Adam Vorhis | Chair | 1 | $0 |
| Nishma Patel | Secretary | 1 | $0 |
| Mountaine Jonas | Director | 1 | $0 |
| Ben Baker | Director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 69 CRANFORD RD, ASHEVILLE, NC 28806-1550
- In care of
- % ADAM VORHIS
- Principal officer (990 for 2024)
- Heather Maloy, 69 Cranford Road, Asheville, NC 28806
- Signed the 990
- Heather Maloy, Artistic Director
- Phone
- (828) 761-1371
- Website
- www.terpsicorps.org
- Return prepared by
- ERIC LEVY CPA PA
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.
Program accomplishments
- 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.Expenses $179,577 · revenue $85,300
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in August, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | August 31, 2026 | January 15, 2027 | Not due yet |
| 2024 | August 31, 2025 | January 15, 2026 | 990 on file |
| 2023 | August 31, 2024 | January 15, 2025 | 990-EZ on file |
IRS record
- EIN
- 54-2124670
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2004
- Accounting year ends
- August
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A63)
- Assets (IRS master file)
- $132,456
- Income (IRS master file)
- $245,578
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | August 2025 | $245,578 | $187,013 | $132,456 | XML |
| 990-EZ | August 2024 | $145,774 | $178,670 | $79,437 | XML |
| 990-EZ | August 2023 | $164,062 | $206,706 | $110,124 | XML |
| 990-EZ | August 2022 | – | – | – | IRS |
| 990 | August 2021 | – | – | – | IRS |
| 990 | August 2020 | – | – | – | IRS |
| 990 | August 2019 | – | – | – | IRS |
| 990 | August 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 54-2124670).
Questions about TERPSICORPS THEATRE OF DANCE
- What is the EIN of TERPSICORPS THEATRE OF DANCE?
- The employer identification number (EIN) of TERPSICORPS THEATRE OF DANCE is 54-2124670.
- Is TERPSICORPS THEATRE OF DANCE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2004.
- Are donations to TERPSICORPS THEATRE OF DANCE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TERPSICORPS THEATRE OF DANCE file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of TERPSICORPS THEATRE OF DANCE due?
- The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did TERPSICORPS THEATRE OF DANCE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended August 2025.
- Who is the principal officer of TERPSICORPS THEATRE OF DANCE?
- The 990 for the year ended August 31, 2025 names Heather Maloy.
- Who are the officers and directors of TERPSICORPS THEATRE OF DANCE?
- The 990 for the year ended August 31, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does TERPSICORPS THEATRE OF DANCE have?
- On its 990 for the year ended August 31, 2025 it reported revenue of $245,578, expenses of $187,013 and total assets of $132,456 at year end.
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