On May 27, Dance New Amsterdam Inc. filed for Chapter 11 bankruptcy reorganization. The announcement allows DNA to continue its daily operations. Executive and Artistic Director Catherine A. Peila has already initiated a five-year recovery plan which has reduced general operating and programming expenses from $3.6 million to $2.3 million annually. “DNA’s executive team, faculty, and board of directors have worked diligently over the past five years to create strong programs and a business structure that supports DNA’s mission. These efforts, combined with the support of cultural leaders, have put us on the road to recovery,” says Peila. “The decision to file for Chapter 11 reorganization protection provides us with the time to solidify agreements with new partners, increase funding and most importantly, continue to serve the New York City’s vibrant community of performing artists and avid cultural supporters.”
Located in Lower Manhattan, just a few blocks from Ground Zero and the Freedom Tower, DNA is considered the foremost progressive dance education and performance center. Founded in 1984, DNA provides a community hub for dance training choreographic exploration and innovative performance, developing new audiences and bridging communities. It’s a breeding ground and safe haven for aspiring, emerging and established artist, including daily classes, certification courses, commissions and artistic residencies, along with studio and administrative office subsidies. DNA employs over 250 professional faculty members and over 650 artists through commissioned and produced work. The organization serves more than 30,000 students and performers, over 700 dance companies and performing arts groups – offering thousands of audience members access to visual and performing arts through their 130-seat theater, six art studios, gallery and artist administration space. To learn more about DNA and supporting its programs through charitable donations, visit www.dnadance.org.