Adaptors Inc

Overview

Adaptors Inc is a nonprofit organization in the United States that focuses on the arts, culture, and humanities, specifically within the field of dance. It aims to serve a charitable purpose by providing dance-related programs and services.

Classification and Tax Status

Adaptors Inc is designated as a 501(c)(3) organization, which means it operates as a tax-exempt entity. Donations to the organization are tax-deductible, allowing supporters to claim deductions on their tax returns. As a 501(c)(3) nonprofit, it is subject to IRS regulations and is required to file annual tax returns (Form 990) detailing its activities and finances.

Financial Operations

As of recent financial data, Adaptors Inc generates its revenue primarily through program services. The organization reported $64,400 in revenue for the fiscal year ending in 2023, with expenses totaling $53,100. It maintains total assets of $7,380 and total liabilities of $40,900 as of the same period[1]. In previous years, contributions have been minimal, indicating that the organization relies heavily on program services for income[1].

Leadership and Governance

Adaptors Inc is overseen by a board of directors and key officers. Notable leadership includes Tony Brown and Kari Margolis, who have served as co-executive directors in the past. Compensation varies among key employees, with some receiving payment for their roles while others serve without compensation[1].

Activities and Mission

The specific mission and detailed activities of Adaptors Inc are not widely documented, but as an arts-focused nonprofit, it likely supports dance-related projects and initiatives that align with its designation as a public charity.

This organization operates within the broader US nonprofit sector, which includes thousands of entities providing public benefits across various fields.

[1] https://projects.propublica.org/nonprofits/organizations/112678604 [2] https://www.uschamber.com/co/start/strategy/nonprofit-vs-not-for-profit-vs-for-profit [3] https://www.sos.wa.gov/sites/default/files/2022-09/2022-Nonprofit-Handbook.pdf [4] https://www.sos.wa.gov/sites/default/files/2023-07/Dissolving_a_Nonprofit_in_WA_Guide_2023.pdf [5] https://www.501c3.org/what-is-a-501c3/