2025-05-15T17:48:46-05:00 2024-06-30 331374517 PKF O'CONNOR DAVIES ADVISORY LLC 245 PARK AVENUE 12TH FLOOR NEW YORK NY 10167 990 2023-07-01 133866204 MANHATTAN STRAFORD ARMS INC C/O AMERICAN MUSICAL & DRAMATIC ACADEMY MANH 2127875300 211 WEST 61ST STREET 3RD FLOOR NEW YORK NY 10023 DAVID SILVERMAN CHIEF FINANCIAL OFFICER 2129573331 2025-05-15 1 1 GARRETT M HIGGINS P00543209 2122862600 2025-04-24 2023 2025-03-06 01:10:19Z JAN MARTIN 211 WEST 61ST STREET 3RD FLOOR NEW YORK NY 10023 1965594 0 X N/A X 1996 NY TO FUNCTION AS A TITLE HOLDING CORPORATION, HOLDING TITLE TO REAL PROPERTY AND REMITTING ANY NET INCOME FROM PROPERTY TO ITS PARENT, AMERICAN MUSICAL & DRAMATIC ACADEMY ("AMDA"). 3 1 0 1 0 0 0 0 1950000 1950000 3 2 -8175 -29484 1941828 1920518 0 0 0 0 0 0 0 0 0 1394963 1521402 1394963 1521402 546865 399116 4533312 5067192 113529 249341 4419783 4817851 MANHATTAN STRATFORD ARMS, INC. ("STRATFORD") IS AN EXEMPT TITLE HOLDING COMPANY UNDER SECTION 501(C)(2) OF THE INTERNAL REVENUE CODE. 0 0 STRATFORD IS AN EXEMPT TITLE HOLDING COMPANY THAT PROVIDES HOUSING FOR MORE THAN 300 STUDENTS ENROLLED AT THE AMERICAN MUSICAL & DRAMATIC ACADEMY (A RELATED ORGANIZATION). 0 0 0 0 0 0 0 0 0 1 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 3 0 0 0 0 0 0 0 0 0 0 X 3 1 1 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 0 0 0 NY X X DAVID SILVERMAN - CFO 2127875300 211 WEST 61ST STREET NEW YORK NY 10023 DAVID D MARTIN - SEE SCH J O DIRECTOR 2.00 50.00 X 0 738393 23786 JAN R MARTIN - SEE SCH J O PRESIDENT/DIRECTOR 5.00 50.00 X X 0 657918 23786 NANCY SULLIVAN SECRETARY/DIRECTOR 5.00 5.00 X X 0 0 0 DAVID SILVERMAN CHIEF FINANCIAL OFFICER 5.00 50.00 X 0 552315 125504 DANIEL TORRES DIRECTOR OF FACILITIES 10.00 30.00 X 0 168849 18072 0 2117475 191148 0 0 1 0 KENCAL MAINTENANCE CORP 399 KNOLLWOOD RD WHITE PLAINS NY 10603 MAINTENANCE SERVICES 278158 ALLIED UNIVERSAL SECURITY SERVICES PO BOX 828854 PHILADELPHIA PA 19182 SECURITY SERVICES 144932 2 DORMITORY REVENUE 611310 1950000 1950000 1950000 2 2 15592 45076 -29484 -29484 -29484 1920518 1950000 0 -29482 X 5990 545393 196760 444521 219981 REPAIRS AND MAINTENANCE 108757 1521402 125149 109123 3455 3694 3276 9725527 5987438 3862703 3738089 538729 1216286 4533312 5067192 113529 249341 113529 249341 X 4419783 4817851 4419783 4817851 4533312 5067192 399116 -1048 0 X X 0 1 X 1 0 200000 200000 2926249 2049482 876767 5233079 2680541 2552538 1366199 1257415 108784 3738089 RENT RECEIVABLE 9084 SECURITY DEPOSITS 3700 DUE FROM AMDA 1203502 1216286 X 110024280 135531935 135531935 -25507655 27428173 27428173 1920518 114047428 112526026 112526026 1521402 0 1521402 PART X, LINE 2: THE ORGANIZATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION. THE ORGANIZATION IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO FISCAL YEAR 2021. PART XI, LINE 2D - OTHER ADJUSTMENTS: CONSOLIDATED REVENUE REPORTED ON RELATED ENTITY FORM 990 135,486,859. RENTAL EXPENSES REPORTED ON PART VIII, LINE 6B 45,076. PART XI, LINE 4B - OTHER ADJUSTMENTS: ALLOCATION OF HOUSING REVENUE FROM AMDA, INC. 1,950,000. SCHOLARSHIPS NETTED AGAINST REVENUE REPORTED ON RELATED ENTITY FORM 990 25,478,173. PART XII, LINE 2D - OTHER ADJUSTMENTS: CONSOLIDATED EXPENSES INCLUDED ON RELATED ENTITY 990 112,480,950. RENTAL EXPENSES REPORTED ON PART VIII, LINE 6B 45,076. 0 1 0 DAVID D MARTIN - SEE SCH J O DIRECTOR 0 738393 0 0 0 0 0 0 0 23786 0 762179 0 0 JAN R MARTIN - SEE SCH J O PRESIDENT/DIRECTOR 0 657918 0 0 0 0 0 0 0 23786 0 681704 0 0 DAVID SILVERMAN CHIEF FINANCIAL OFFICER 0 552315 0 0 0 0 0 61310 0 64194 0 677819 0 0 DANIEL TORRES DIRECTOR OF FACILITIES 0 168849 0 0 0 0 0 0 0 18072 0 186921 0 0 PART I, LINE 3 MANHATTAN STRATFORD ARMS, INC. DOES NOT PROVIDE COMPENSATION TO ANY OF ITS TOP MANAGEMENT OFFICIALS. THE SALARIES PAID TO THE TOP MANAGEMENT OFFICIALS REPORTED ON FORM 990, PART VII ARE PAID BY AMDA, INC., A RELATED ORGANIZATION. MANHATTAN STRATFORD ARMS, INC RELIED ON THE METHODS USED BY AMDA, INC. IN ESTABLISHING THE COMPENSATION FOR ITS TOP MANAGEMENT OFFICIALS. THE METHODS USED BY AMDA, INC. INVOLVED THE FOLLOWING: (1) COMPENSATION COMMITTEE (2) INDEPENDENT COMEPNSATION CONSULTANT (3) FORM 990 OF OTHER ORGANIZATIONS (4) WRITTEN EMPLOYMENT CONTRACT (5) COMPENSATION SURVEY OR STUDY AND (6) APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. THE FOLLOWING IS THE PROCESS AMDA USES TO DETERMINE COMPENSATION: ANNUALLY, THE BOARD OF DIRECTORS APPROVES ALL COMPENSATION FOR THE EXECUTIVE DIRECTOR, PRESIDENT AND CHIEF FINANCIAL OFFICER. THE COMPENSATION FOR EACH IS REVIEWED AND APPROVED USING COMPARABLE DATA TO SIMILAR POSITIONS AT SIMILAR SIZED ORGANIZATIONS. PERIODICALLY, A COMPENSATION CONSULTANT IS HIRED BY THE BOARD TO PREPARE A COMPENSATION ANALYSIS. AS PART OF THE ANALYSIS, THE CONSULTANT REVIEWS FORM 990'S FROM OTHER SIMILAR TYPES OF ORGANIZATIONS. A COPY OF THE COMPENSATION ANALYSIS IS DISTRIBUTED TO THE ENTIRE BOARD. ALL DECISIONS ARE DOCUMENTED AND HELD BY THE BOARD CHAIR. THIS PROCESS WAS LAST UNDERTAKEN IN JUNE 2022. PART I, LINE 4B DAVID SILVERMAN PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED PLAN. A CONTRIBUTION OF $61,310 WAS ACCRUED BY AMDA FOR DAVID SILVERMAN. SCHEDULE J, PART II, COLUMN (B): SEE BELOW FOR FURTHER DETAILS REGARDING THESE AMOUNTS REPORTED IN SCHEDULE J, PART II, COLUMN (B) FOR DAVID AND JAN MARTIN: WITH PROFOUND APPRECIATION AND IN RECOGNITION OF OVER 54 YEARS OF CONSISTENT, SUSTAINABLE SUCCESS AND DEDICATION TO AMDA, THE AMDA BOARD OF DIRECTORS HAS PROVIDED A ONE-TIME RETIREMENT BONUS FOR DAVID MARTIN AND JAN MARTIN. DAVID MARTIN AND JAN MARTIN HAVE NOT RECEIVED ANY MEANINGFUL RETIREMENT BENEFITS PROVIDED BY AMDA DURING THEIR ENTIRE RESPECTIVE CAREERS. DAVID MARTIN HAS BEEN PRESIDENT OF AMDA FOR 54 YEARS; JAN MARTIN HAS BEEN THE EXECUTIVE DIRECTOR FOR AMDA FOR 48 YEARS. THE MARTINS' JOURNEY OF DEVOTION TO AMDA BEGAN WHEN THEY PERSONALLY AND FINANCIALLY RESCUED THE STRUGGLING DRAMA SCHOOL IN GREENWICH VILLAGE IN THE 1970S, WHICH AT THE TIME HAD ONLY FORTY STUDENTS. THE AMDA COMMUNITY HAS GROWN TO OVER 2,000 PEOPLE, WITH OVER 1,700 FULL-TIME STUDENTS FROM EVERY STATE IN THE U.S. AND NUMEROUS INTERNATIONAL COUNTRIES. DAVID MARTIN AND JAN MARTIN'S SUCCESS HAS INCLUDED REACHING SIGNIFICANT GOALS FOR AMDA; THEY HAVE ENSURED AMDA'S FINANCIAL LEGACY AND FUTURE STABILITY THROUGH A STRATEGIC PLAN WHICH HAS INCLUDED MULTIPLE PURCHASES OF COMMERCIAL REAL ESTATE HOLDINGS AND CONSISTENT INCREASES IN AMDA'S ANNUAL REVENUE. CURRENTLY, AMDA'S REAL ESTATE HOLDINGS ARE VALUED AT OVER $150 MILLION DOLLARS AND AMDA HAS ANNUAL REVENUE OF OVER $75 MILLION DOLLARS. IN 2003, THE MARTINS FOUNDED A SECOND SISTER CAMPUS IN HOLLYWOOD, AMDA LOS ANGELES, WHICH, UNDER THEIR LEADERSHIP HAS THRIVED AND GROWN RAPIDLY TO BECOME A FULLY OPERATIONAL SUCCESSFUL COLLEGE, OFFERING MULTIPLE BACHELOR OF FINE ARTS DEGREES. THE AMDA COMMUNITY HAS BEEN AND WILL CONTINUE TO BE THE PRIVILEGED RECIPIENT OF THE MARTINS' UNRELENTING LOYALTY AND PASSION FOR AMDA. THE BOARD OF DIRECTORS HAS TAKEN THIS OPPORTUNITY TO FORMALLY THANK DAVID MARTIN AND JAN MARTIN FOR ALL OF THEIR AMAZING CONTRIBUTIONS OVER THE YEARS. TO ADDRESS THE ISSUE OF COMPENSATION AND RETIREMENT USING BEST PRACTICES, THE BOARD HIRED AN OUTSIDE EXPERT COMPENSATION FIRM TO RESEARCH AND EVALUATE APPROPRIATE AWARDS. RATHER THAN STRUCTURING THE RETIREMENT PLAN ON A DEFERRED VESTED BASIS, THE RETIREMENT PLAN IS BEING TREATED AND REPORTED (CALCULATED, PAID, TAXED) ON FORM 990. DAVID MARTIN AND JAN MARTIN HAVE WORKED FOR OVER FOUR DECADES, RELENTLESSLY BUILDING THE SCHOOL ARTISTICALLY, ACADEMICALLY AND PROFESSIONALLY UNTIL THE SCHOOL'S TRANSFORMATIONAL FOUNDATION WAS COMPLETE: AMDA IS NOW A MAJOR, FULLY-ACCREDITED COLLEGE AND CONSERVATORY WHICH HAS EARNED THE UNIQUE DESCRIPTION OF BEING THE ONLY ACCREDITED INSTITUTION OF HIGHER EDUCATION, OFFERING BACHELOR OF FINE ARTS DEGREES AND PROFESSIONAL CERTIFICATE PROGRAMS - DEVOTED ENTIRELY TO THE PERFORMER, WITH CAMPUSES IN NEW YORK CITY AND LOS ANGELES. THE MARTINS HAVE DEVELOPED A SUCCESSFUL AND INNOVATIVE BUSINESS MODEL THAT WILL HELP GUIDE AMDA FOR FUTURE GENERATIONS. OF ADDITIONAL NOTE IS THAT THE MARTINS HAVE ESTABLISHED A FUND TO SUPPORT FUTURE SCHOLARSHIPS AND SUPPORT STUDENT AND FACULTY VISION PROJECTS. FORM 990, PART VI, SECTION A, LINE 2 JAN MARTIN, PRESIDENT/DIRECTOR, AND DAVID MARTIN, DIRECTOR, HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 8B MSA DOES NOT HAVE ANY COMMITTEE WITH AUTHORITY TO ACT ON BEHALF OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B STRATFORD PROCESS FOR REVIEW OF THE ANNUAL FORM 990 INCLUDE THE FOLLOWING: 1. EACH YEAR, OUR INDEPENDENT AUDITOR PREPARES A DRAFT OF THE FORM 990, WITH INPUT FROM THE CHIEF FINANCIAL OFFICER. 2. THE DRAFT IS REVIEWED BY THE CFO AND THE PRESIDENT/EXECUTIVE DIRECTOR. 3. THE DRAFT IS REVIEWED BY ALL MEMBERS OF THE BOARD OF DIRECTORS. 4. ANY NECESSARY CHANGES ARE SENT TO THE INDEPENDENT AUDITOR TO UPDATE THE FORM. 5. ONCE ALL NECESSARY CHANGES ARE MADE AND THE CFO AND PRESIDENT/EXECUTIVE DIRECTOR ARE IN AGREEMENT WITH THE BOARD OF DIRECTORS ON THE COMPLETED 990, IT WILL BE SIGNED BY THE CFO, DATED AND SUBMITTED BY THE FILING DEADLINE. 6. ALL MEMBERS OF THE BOARD OF DIRECTORS MUST EMAIL THE CFO TO ACKNOWLEDGE THE REVIEW OF THE 990 AND APPROVE THE FILING. A VERBAL APPROVAL IS ACCEPTABLE IF PRESENTED TO THE CFO OR EXECUTIVE DIRECTOR. THE CFO OR PRESIDENT/EXECUTIVE DIRECTOR MUST RECORD THE VERBAL APPROVAL AS A MEMO TO THE FILE. 7. THE CFO PREPARES A MEMORANDUM FOR THE FILE EACH YEAR DESCRIBING THE ABOVE PROCESS, INCLUDING ALL EMAIL APPROVALS AND MEMOS OF ANY VERBAL APPROVALS. THE CFO AND PRESIDENT/EXECUTIVE DIRECTOR MUST ALSO INCLUDE A MEMO TO THE FILE NOTING THEY HAVE APPROVED THE 990 TO BE FILED. FORM 990, PART VI, SECTION B, LINE 12C THE OFFICERS OF STRATFORD ARE EMPLOYEES OF OUR RELATED AFFILIATE AMDA. INDIVIDUALS COVERED BY THE STRATFORD CONFLICT OF INTEREST POLICY ARE ASKED TO ANNUALLY DISCLOSE TO THE CHAIR OF THE BOARD OF DIRECTORS VIA THE AMDA CONFLICT OF INTEREST POLICY FORM THEIR INTERESTS THAT COULD GIVE RISE TO CONFLICTS OF INTEREST. THIS DISCLOSURE COULD INCLUDE A LIST OF FAMILY MEMBERS, BUSINESS OR INVESTMENT HOLDINGS, AND OTHER TRANSACTIONS OR AFFILIATIONS WITH BUSINESSES AND OTHER ORGANIZATIONS OR THOSE OF FAMILY MEMBERS, IN WHICH AN INDIVIDUAL OR THEIR FAMILY MAY BENEFIT FINANCIALLY. INDIVIDUALS COVERED BY THE CONFLICT OF INTEREST POLICY ARE THE BOARD OF DIRECTORS, EXECUTIVE DIRECTORS, AND CHIEF FINANCIAL OFFICER. FOR EACH CONFLICT OF INTEREST DISCLOSED TO THE CHAIR OF THE BOARD OF DIRECTORS, THE CHAIRMAN WILL: 1. DECIDE NO ACTION IS NECESSARY. 2. ASSURE FULL DISCLOSURE TO THE REST OF THE BOARD OF DIRECTORS AND OFFICERS AND ALL COVERED UNDER THE POLICY. 3. ASK THE PERSON TO RECUSE FROM PARTICIPATION IN RELATED DISCUSSIONS OR DECISIONS. 4. ASK THE PERSON TO RESIGN FROM HIS OR HER POSITION. 5. REMOVE THE PERSON FROM HIS OR HER POSITION. THE EXECUTIVE DIRECTORS, AND CHIEF FINANCIAL OFFICER WILL MONITOR ONGOING TRANSACTIONS FOR CONFLICTS OF INTEREST AND DISCLOSE THEM TO THE CHAIR OF THE BOARD OF DIRECTORS IN ORDER TO DEAL WITH THE POTENTIAL OR ACTUAL CONFLICTS, WHETHER DISCOVERED BEFORE OR AFTER THE TRANSACTION HAS OCCURRED. FORM 990, PART VI, SECTION B, LINE 15 (A) AND (B): THE OFFICERS OF MANHATTAN STRATFORD ARMS, INC. ARE EMPLOYEES OF OUR RELATED AFFILIATE AMDA, INC. WHOSE BOARD OF DIRECTORS ANNUALLY APPROVES ALL COMPENSATION FOR THE EXECUTIVE DIRECTOR, PRESIDENT AND CHIEF FINANCIAL OFFICER. ANNUALLY, THE BOARD OF DIRECTORS APPROVES ALL COMPENSATION FOR THE EXECUTIVE DIRECTOR, PRESIDENT AND CHIEF FINANCIAL OFFICER. THE COMPENSATION FOR EACH IS REVIEWED AND APPROVED USING COMPARABLE DATA TO SIMILAR POSITIONS AT SIMILAR SIZED ORGANIZATIONS. PERIODICALLY, A COMPENSATION CONSULTANT IS HIRED BY THE BOARD TO PREPARE A COMPENSATION ANALYSIS. AS PART OF THE ANALYSIS, THE CONSULTANT REVIEWS FORM 990'S FROM OTHER SIMILAR TYPES OF ORGANIZATIONS. A COPY OF THE COMPENSATION ANALYSIS IS DISTRIBUTED TO THE ENTIRE BOARD. ALL DECISIONS ARE DOCUMENTED AND HELD BY THE BOARD CHAIR. THIS PROCESS WAS LAST UNDERTAKEN IN JUNE 2022. FORM 990, PART VI, SECTION C, LINE 19 THE FORM 990 IS POSTED ON GUIDESTAR AND OTHER SIMILAR WEBSITES. STRATFORD MAKES ITS GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE UPON REQUEST BY CALLING THE ORGANIZATION DIRECTLY OR BY WRITTEN REQUEST. ALL REQUEST FOR INFORMATION ARE PROVIDED EITHER ELECTRONICALLY OR IN HARDCOPY FORM. FORM 990, PART IX, LINE 11G CLEANING SERVICES 376,172. SECURITY SERVICES 169,221. FORM 990, PART XII, LINE 2C: THE AUDIT COMMITTEE OF AMERICAN MUSICAL & DRAMATIC ACADEMY ("AMDA"), ITS PARENT ENTITY, ASSUMES RESPONSIBILITY FOR OVERSIGHT OF MSA'S AUDIT OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. THE AMERICAN MUSICAL & DRAMATIC ACADEMY (AMDA) 211 WEST 61ST STREET 3RD FLOOR NEW YORK NY 10023 132501829 PERFORMING ARTS COLLEGE AND CONSERVATORY NY 501(C)(3) LINE 2 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1