North Carolina · Nonprofit
Terpsicorps Theatre of Dance
Terpsicorps Theatre of Dance (North Carolina) receives grants from 9 organizations whose IRS filings report $75,259 to it, the largest being PAYPAL CHARITABLE GIVING FUND ($30,408). 3 of them have funded it in more than one year, and 58% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- Revenue FY2025
- $246k
- Funders on record
- 9
- Grants received
- $75k
- Net assets
- $134k
What Terpsicorps Theatre of Dance does
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.
As stated on its FY2025 Form 990.
Program
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…
$179,577 spent$85,300 earned by the program100% of program spending
The program described on its FY2024 Form 990. Program spending in total: $179,577.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2024 to 2025, from $79k to $132k (+67%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2019 5% · 2020 10% · 2021 45% · 2025 13%. Grants only. Government contracts and fees sit inside program revenue.
64% of Terpsicorps Theatre of Dance’s revenue is contributions — more donation-reliant than the typical peer (64% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 4 of the last 9 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Board chair
Mountaine Jonas
Board Chair
As listed on its FY2025 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 1 funder to 2 funders, grant income rose $2k → $9k.
3 of 9 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 58% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of Terpsicorps Theatre of Dance’s funders (the co-funder graph). Top 8 of 9 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
Terpsicorps Theatre of Dance leans on a few funders — its largest provides 40% of grant income and the top three 78%; half comes from just 2 funders.
the vertical line marks half of all grant income — 2 funders to its left
72% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund Terpsicorps Theatre of Dance.
Largest funder’s share by year: 2017 100% · 2019 100% · 2020 100% · 2021 96% · 2022 100% · 2023 100% — broadly stable.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
25% of Terpsicorps Theatre of Dance's funders are still giving 3 years after their first grant; 33% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
58% of Terpsicorps Theatre of Dance's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $31k that is directly attributable, 86% of it comes from North Carolina funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $44k arriving through sponsors registered in 3 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
Terpsicorps Theatre of Dance runs a healthier operating margin than three-quarters of the 11,634 arts & culture nonprofits its size.
this organization peer median middle 50% of peers· 11,634 arts & culture nonprofits $100k–$1M, FY2025
Organizations like Terpsicorps Theatre of Dance
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In North Carolina
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
96% of spending goes to programs.
Governance
Public support
98%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Screen this organization
A dated, signed PDF of the compliance screen for Terpsicorps Theatre of Dance: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds Terpsicorps Theatre of Dance?
- Terpsicorps Theatre of Dance (North Carolina) receives grants from 9 organizations whose IRS filings report $75,259 to it, the largest being PAYPAL CHARITABLE GIVING FUND ($30,408). 3 of them have funded it in more than one year, and 58% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- How many funders does Terpsicorps Theatre of Dance have?
- IRS filings report 9 organizations giving $75,259 in grants to Terpsicorps Theatre of Dance, 3 of which have funded it in more than one year.
- Who is the largest funder of Terpsicorps Theatre of Dance?
- PAYPAL CHARITABLE GIVING FUND is the largest funder on record, with $30,408 in grants. The full list of funders is on this page.
- How can an organization like Terpsicorps Theatre of Dance find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in North Carolina. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Terpsicorps Theatre of Dance →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 9 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing