AMERICAN MUSICAL & DRAMATIC ACADEMY: Form 990, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- AMERICAN MUSICAL & DRAMATIC ACADEMY (EIN 13-2501829)
- Tax period
- 2020-07-01 to 2021-06-30
- Filed
- 2022-05-13
- IRS object ID
- 202231339349304073
- Schema version
- 2020v4.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule D
- Schedule E
- Schedule I
- Schedule J
- Schedule K
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-05-13T11:41:17-05:00 | ReturnTs |
| Tax Period End | 2021-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 271728945 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PKF O'CONNOR DAVIES LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 245 PARK AVENUE 12TH FLOOR | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10167 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2020-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 132501829 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | AMDA INC (AMERICAN MUSICAL | BusinessNameLine1Txt |
| Business Name Line2 | AND DRAMATIC ACADEMY) | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | AMDA | BusinessNameControlTxt |
| Phone | 2127875300 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 211 WEST 61ST STREET | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10023 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DAVID SILVERMAN | PersonNm |
| Person Title | CHIEF FINANCIAL OFFICER | PersonTitleTxt |
| Phone | 2129573331 | PhoneNum |
| Signature | 2022-05-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | DAVID | PersonFirstNm |
| Person Last | SILVERMAN | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | GARRETT M HIGGINS | PreparerPersonNm |
| PTIN | P00543209 | PTIN |
| Phone | 2122862600 | PhoneNum |
| Preparation | 2022-05-10 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
Doing Business As Name DoingBusinessAsName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SEE SCHEDULE O | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | JAN R MARTIN | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 211 WEST 61ST STREET | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10023 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $91,551,927 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.AMDA.EDU | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1964 | FormationYr |
| Legal Domicile State | NY | LegalDomicileStateCd |
| Activity Or Mission | SEE SCHEDULE O | ActivityOrMissionDesc |
| Voting Members Governing Body | 11 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 9 | VotingMembersIndependentCnt |
| Total Employee | 1550 | TotalEmployeeCnt |
| Total Volunteers | 9 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $2,384,017 | PYContributionsGrantsAmt |
| CY Contributions Grants | $15,944,506 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $100,021,412 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $74,917,174 | CYProgramServiceRevenueAmt |
| PY Investment Income | $472,141 | PYInvestmentIncomeAmt |
| CY Investment Income | $121,983 | CYInvestmentIncomeAmt |
| PY Other Revenue | $312,426 | PYOtherRevenueAmt |
| CY Other Revenue | $389,555 | CYOtherRevenueAmt |
| PY Total Revenue | $103,189,996 | PYTotalRevenueAmt |
| CY Total Revenue | $91,373,218 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $20,105,116 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $18,857,237 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $42,999,250 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $40,127,576 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $35,061,699 | PYOtherExpensesAmt |
| CY Other Expenses | $31,317,091 | CYOtherExpensesAmt |
| PY Total Expenses | $98,166,065 | PYTotalExpensesAmt |
| CY Total Expenses | $90,301,904 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $5,023,931 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $1,071,314 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $145,863,017 | TotalAssetsBOYAmt |
| Total Assets EOY | $154,874,684 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $112,211,144 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $118,345,631 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $33,651,873 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $36,529,053 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | AMDA IS COMMITTED TO PROVIDING AN UNSURPASSED PERFORMING ARTS EDUCATION TO A DIVERSE COMMUNITY OF CREATIVE ARTISTS. AMDA SEEKS TO BE BOTH THE SCHOOL AND THE STAGE, WHERE STUDENTS ARE GIVEN THE SUPPORT AND THE FREEDOM TO FIND THEIR VOICE AND TO DESIGN AND CREATE THEIR OWN UNIQUE ARTISTIC VISION. WE STRIVE TO CREATE AN ENVIRONMENT FOR OUR STUDENTS TO DEVELOP THE SKILLS, CONFIDENCE, IMAGINATION AND POWER TO CONTRIBUTE TO THEIR COMMUNITY AS ARTISTS, ENTREPRENEURS, VISIONARIES, LIFELONG LEARNERS AND CONSCIENTIOUS CITIZENS OF THE WORLD. TO ACHIEVE THIS, AMDA PROVIDES RIGOROUS, PERFORMANCE-BASED TRAINING AND AN INDUSTRY-FOCUSED EDUCATION EXPERIENCE THAT INSPIRES EXCELLENCE AND PREPARES ARTISTS WITH AN APPRECIATION FOR THE UNIVERSAL POWER OF TRANSFORMATION THROUGH ART. ABOVE ALL, WE WANT TO TEACH OUR STUDENTS THAT COMMITMENT, PASSION, AND JOY ARE THE HALLMARKS TO A SUCCESSFUL CAREER. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $64,845,215 | ExpenseAmt |
| Grant | $18,857,237 | GrantAmt |
| Revenue | $67,126,003 | RevenueAmt |
| Desc | INSTRUCTION: PROVIDE FULL-TIME POST SECONDARY TRAINING FOR APPROXIMATELY 1,500 STUDENTS IN THE PERFORMING ARTS. TWO PROGRAMS ARE AVAILABLE TO STUDENTS-A TWO-YEAR CONSERVATORY PROGRAM AND A FULL FOUR-YEAR BACHELOR OF FINE ARTS DEGREE IN MULTIPLE FIELDS OF STUDY (MUSICAL THEATER, ACTING, DANCE THEATER AND PERFORMING ARTS). INSTRUCTION-RELATED SERVICES ALSO INCLUDE EDUCATIONAL SUPPORT AND RELATED STUDENT SERVICES. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $11,210,135 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $7,776,364 | RevenueAmt |
| Desc | AUXILLIARY SERVICES: PROVIDES SERVICES TO SUPPORT THE INSTRUCTION OF THE EDUCATIONAL INSTITUTION INCLUDING STUDENT HOUSING, FOOD SERVICES, BOOKSTORE, AND RELATED SERVICES. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $76,055,350 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (1) | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | Yes (1) | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 140 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 1550 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 11 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 9 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (1) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | Yes (1) | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DAVID SILVERMAN - CFO | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2127875300 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 211 WEST 61ST STREET | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10023 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (18 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|---|
| DAVID D MARTIN | |||||||||
| PRESIDENT/DIRECTOR - SEE SCH. J | 50.00 | 2.00 | Yes (X) | Yes (X) | $565,239 | $0 | $16,989 | ||
| JAN R MARTIN | |||||||||
| CEO/DIRECTOR - SEE SCH. J | 50.00 | 5.00 | Yes (X) | Yes (X) | $503,210 | $0 | $16,989 | ||
| NANCY SULLIVAN | |||||||||
| CHAIRPERSON/DIRECTOR | 5.00 | 5.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| ELISA LEFKOWITZ | |||||||||
| SECRETARY/DIRECTOR | 3.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| SHARON KELLY | |||||||||
| TREASURER | 3.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| MATT MCALPINE | |||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| JON FREEDMAN | |||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| MOLLY CHESTNUT | |||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| JUAN JONES | |||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| SALLY KOENIG | |||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| SCOTT VERCH | |||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| DAVID SILVERMAN | |||||||||
| CHIEF FINANCIAL OFFICER | 50.00 | 5.00 | Yes (X) | $391,378 | $0 | $102,268 | |||
| JOHN L GALGANO | |||||||||
| GENERAL COUNSEL | 50.00 | $243,012 | $0 | $31,327 | Yes (X) | ||||
| MARK RUGGIERO | |||||||||
| DIRECTOR OF FINANCIAL AID | 40.00 | $215,534 | $0 | $1,609 | Yes (X) | ||||
| JASON CHAET | |||||||||
| FACULTY | 40.00 | $225,753 | $0 | $10,905 | Yes (X) | ||||
| DON CHEN | |||||||||
| DIRECTOR OF IT | 40.00 | $167,700 | $0 | $11,060 | Yes (X) | ||||
| MIKE KELLER | |||||||||
| FACULTY | 40.00 | $197,334 | $0 | $13,323 | Yes (X) | ||||
| DANIEL TORRES | |||||||||
| DIRECTOR OF FACILITIES | 30.00 | 10.00 | $173,427 | $0 | $6,444 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $2,682,587 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $210,914 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 33 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| EAB - ROYALL & COMPANY | |||||
| 1920 E PARHAM RD | RICHMOND | VA | 23228 | MARKETING CONSULTING | $1,240,965 |
| UNITED GUARD SECURITY INC | |||||
| 879 W 109TH ST 280 | GARDENA | CA | 90248 | SECURITY | $1,068,881 |
| MANATT PHELPS & PHILLIPS LLP | |||||
| 7 TIMES SQUARE | NEW YORK | NY | 10036 | LEGAL SERVICES | $622,617 |
| TAINTED TREATS DBA COOKING WITH COREY | |||||
| 155-07 JEWEL AVENUE | FLUSHING | NY | 11367 | FOOD SERVICES | $567,515 |
| UNIQUE IMAGE INC | |||||
| 19365 BUSINESS CENTER DRIVE | NORTHRIDGE | CA | 91324 | MARKETING CONSULTING | $547,482 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 35 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $15,944,506 | GovernmentGrantsAmt |
| Total Contributions | $15,944,506 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| TUITION | 611610 | $67,126,003 | $67,126,003 |
| AUXILIARY SERVICES | 900099 | $7,738,691 | $7,738,691 |
| WORK STUDY REIMBURSEMENTS | 900099 | $46,701 | $46,701 |
| PRI - INTEREST | 900099 | $5,779 | $5,779 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $74,917,174 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $121,983 | TotalRevenueColumnAmt |
| Exclusion | $121,983 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $44,030 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $112,649 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | -$68,619 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$68,619 | TotalRevenueColumnAmt |
| Exclusion | -$68,619 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $51,253 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $66,060 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$14,807 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | -$14,807 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | ExclusionExclusionAmt |
|---|---|---|---|
| OTHER REVENUE | 900099 | $391,783 | $391,783 |
| TAX REFUND | 900099 | $66,419 | $66,419 |
| TRANSCRIPT REVENUE | 900099 | $8,590 | $8,590 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $6,189 | TotalRevenueColumnAmt |
| Exclusion | $6,189 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $472,981 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $91,373,218 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $74,902,367 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $526,345 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $18,857,237 | TotalAmt |
| Program Services | $18,857,237 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,829,979 | TotalAmt |
| Program Services | $1,324,443 | ProgramServicesAmt |
| Management And General | $505,536 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $32,455,331 | TotalAmt |
| Program Services | $26,316,074 | ProgramServicesAmt |
| Management And General | $6,139,257 | ManagementAndGeneralAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $76,313 | TotalAmt |
| Program Services | $62,577 | ProgramServicesAmt |
| Management And General | $13,736 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,883,141 | TotalAmt |
| Program Services | $2,388,703 | ProgramServicesAmt |
| Management And General | $494,438 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,882,812 | TotalAmt |
| Program Services | $2,363,906 | ProgramServicesAmt |
| Management And General | $518,906 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $325,313 | TotalAmt |
| Management And General | $325,313 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $260,273 | TotalAmt |
| Management And General | $260,273 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $294,585 | TotalAmt |
| Program Services | $170,787 | ProgramServicesAmt |
| Management And General | $123,798 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,184,962 | TotalAmt |
| Program Services | $2,788,734 | ProgramServicesAmt |
| Management And General | $396,228 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,906,719 | TotalAmt |
| Program Services | $3,193,744 | ProgramServicesAmt |
| Management And General | $1,712,975 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $558,242 | TotalAmt |
| Program Services | $9,717 | ProgramServicesAmt |
| Management And General | $548,525 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,567,223 | TotalAmt |
| Program Services | $3,199,859 | ProgramServicesAmt |
| Management And General | $367,364 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $61,007 | TotalAmt |
| Program Services | $748 | ProgramServicesAmt |
| Management And General | $60,259 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,581,157 | TotalAmt |
| Program Services | $2,721,679 | ProgramServicesAmt |
| Management And General | $859,478 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,891,233 | TotalAmt |
| Program Services | $2,957,337 | ProgramServicesAmt |
| Management And General | $933,896 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $997,294 | TotalAmt |
| Program Services | $204,403 | ProgramServicesAmt |
| Management And General | $792,891 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt |
|---|---|---|
| HOUSING RENTALS | $5,557,615 | $5,557,615 |
| STUDENT ACTIVITY EXP | $1,251,932 | $1,251,932 |
| CAMPUS MEAL PLANS | $1,050,558 | $1,050,558 |
| BAD DEBT EXPENSE | $873,097 | $873,097 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $955,881 | TotalAmt |
| Program Services | $762,200 | ProgramServicesAmt |
| Management And General | $193,681 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $90,301,904 | TotalAmt |
| Program Services | $76,055,350 | ProgramServicesAmt |
| Management And General | $14,246,554 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,060,758 | BOYAmt |
| EOY | $8,512,235 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $28,186,086 | BOYAmt |
| EOY | $31,015,554 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $960,977 | BOYAmt |
| EOY | $1,312,521 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $232,725 | BOYAmt |
| EOY | $246,034 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,206,486 | BOYAmt |
| EOY | $1,672,629 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $145,570,580 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $35,797,765 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $109,790,859 | BOYAmt |
| EOY | $109,772,815 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $198,567 | BOYAmt |
| EOY | $259,640 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,226,559 | BOYAmt |
| EOY | $2,083,256 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $145,863,017 | BOYAmt |
| EOY | $154,874,684 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,311,946 | BOYAmt |
| EOY | $3,748,505 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,173,176 | BOYAmt |
| EOY | $19,911,798 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $80,609,215 | BOYAmt |
| EOY | $78,064,063 | EOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,519 | BOYAmt |
| EOY | $0 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,567,215 | BOYAmt |
| EOY | $12,483,700 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,529,073 | BOYAmt |
| EOY | $4,137,565 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $112,211,144 | BOYAmt |
| EOY | $118,345,631 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $33,651,873 | BOYAmt |
| EOY | $36,529,053 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $33,651,873 | BOYAmt |
| EOY | $36,529,053 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $145,863,017 | BOYAmt |
| EOY | $154,874,684 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $1,071,314 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $1,805,866 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $30,964,458 | OtherCostOrOtherBasisAmt |
| Book Value | $30,964,458 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $63,610,443 | OtherCostOrOtherBasisAmt |
| Depreciation | $13,058,166 | DepreciationAmt |
| Book Value | $50,552,277 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $35,412,018 | OtherCostOrOtherBasisAmt |
| Depreciation | $11,237,204 | DepreciationAmt |
| Book Value | $24,174,814 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $10,751,857 | OtherCostOrOtherBasisAmt |
| Depreciation | $8,283,658 | DepreciationAmt |
| Book Value | $2,468,199 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $4,831,804 | OtherCostOrOtherBasisAmt |
| Depreciation | $3,218,737 | DepreciationAmt |
| Book Value | $1,613,067 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $109,772,815 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| DEFERRED COMPENSATION PAYABLE | $428,785 |
| DEFERRED RENT | $938,210 |
| FAIR VALUE OF INTEREST RATE SWAP LIABLITY | $2,770,570 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $4,137,565 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $76,337,264 | TotalRevEtcAuditedFinclStmtAmt |
| Other Revenue | $155,098 | OtherRevenueAmt |
| Revenue Not Reported | $155,098 | RevenueNotReportedAmt |
| Revenue Subtotal | $76,182,166 | RevenueSubtotalAmt |
| Other Revenues Not Included | $15,191,052 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $15,191,052 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $91,373,218 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $74,555,258 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $1,394,406 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $1,394,406 | ExpensesNotReportedAmt |
| Expenses Subtotal | $73,160,852 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $17,141,052 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $17,141,052 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $90,301,904 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART X, LINE 2: | THE ACADEMY RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE ACADEMY HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE ACADEMY IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO FISCAL YEAR 2018. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | CONSOLIDATED REVENUE INCLUDED ON RELATED ENTITY FORM 990 42,449. RENTAL EXPENSES REPORTED ON PART VIII, LINE 6B 112,649. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | SCHOLARSHIPS NETTED AGAINST REVENUE ON FINANCIAL STATEMENTS 15,113,737. LATE FEE REVENUE INCLUDED IN EXPENSE ON FINANCIAL STATEMENT 585. RECLASS OF UBI TAX REFUND TO PART VIII, LINE 11 66,419. RECLASS SALARY EXPENSE INCLUDED IN COGS TO PART IX, LINE 7 10,311. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | CONSOLIDATED EXPENSES INCLUDED ON RELATED ENTITY FORM 990 1,281,757. RENTAL EXPENSES REPORTED ON PART VIII, LINE 6B 112,649. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | SCHOLARSHIPS NETTED AGAINST REVENUE ON FINANCIAL STATEMENTS 15,113,737. ALLOCATION OF HOUSING EXPENSES FROM MSA, INC. (100% OWNED SUBSIDIARY) 1,950,000. LATE FEE REVENUE INCLUDED IN EXPENSE ON FINANCIAL STATEMENT 585. RECLASS OF UBI TAX REFUND TO PART VIII, LINE 11 66,419. RECLASS SALARY EXPENSE INCLUDED IN COGS TO PART IX, LINE 7 10,311. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (1) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE E, PART I, LINE 3 | AN ADVERTISEMENT WAS PLACED IN THE NEW YORK TIMES WEEKEND JOURNAL WHICH IS DISTRIBUTED NATIONALLY. ADDITIONALLY, THE SCHOOL PUBLISHES THE FOLLOWING STATEMENT IN THE CATALOGUE, APPLICATION FOR ADMISSION, STUDENT HANDBOOK, FACULTY HANDBOOK AND EMPLOYEE HANDBOOK: THE AMERICAN MUSICAL AND DRAMATIC ACADEMY IS AN EQUAL OPPORTUNITY INSTITUTION. DECISIONS CONCERNING ADMISSION, ENROLLMENT, STATUS, FINANCIAL AID, OR EMPLOYMENT BY AMDA ARE BASED ON TALENT AND QUALIFICATIONS, WITHOUT REGARD TO RACE, COLOR, RELIGION, SEX, AGE, SEXUAL ORIENTATION, NATIONALITY OR ETHNIC ORIGIN OR DISABILITY. ADDITIONALLY THE SCHOOL PUBLISHES ITS NON-DISCRIMINATION POLICY ON ITS WEBSITE. |
| SCHEDULE E, PART I, LINE 6 | AMDA RECEIVES FINANCIAL AID ON BEHALF OF ITS STUDENTS. IN ADDITION, THE SCHOOL RECEIVED THE PPP LOAN FORGIVENESS AND HEERF GRANTS IN FY2021. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (10 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt |
|---|---|---|
| NATIONAL SCHOLARSHIPS | 2089 | $12,284,727 |
| INSTITUTIONAL AID | 811 | $1,294,198 |
| MERIT AWARDS | 116 | $261,706 |
| INTERNATIONAL SCHOLARSHIP | 65 | $132,750 |
| SUMMER GRANTS | 253 | $457,574 |
| VIP SCHOLARSHIPS | 619 | $511,245 |
| JUNIOR SCHOLARSHIPS | 131 | $110,400 |
| SUMMER CAMP SCHOLARSHIPS | 271 | $39,950 |
| SSA SCHOLARSHIPS | 3 | $21,187 |
| EMERGENCY FINANCIAL AID GRANTS | 1430 | $3,743,500 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 2: | INSTITUTIONAL AID AWARD TYPE: NEED BASED WHO AWARDS: FINANCIAL AID DEPARTMENT AWARD TYPE: NEED BASED WHO AWARDS: FINANCIAL AID DEPARTMENT THE FINANCIAL AID DEPARTMENT REVIEWS EACH APPLICANT WHO IS ELIGIBLE FOR FINANCIAL ASSISTANCE TO DETERMINE IF THE APPLICANT QUALIFIES FOR A SPECIAL PROGRAM, SPONSORED AND FUNDED BY AMDA, CALLED THE "AMDA GRANT". THE AMDA GRANT IS A TUITION CREDIT GIVEN BY AMDA IN THE AMOUNTS OF $1,000 TO $4,000. THE DETERMINATION OF THE AMOUNT IS CALCULATED UTILIZING THE STUDENT'S EFC (ESTIMATED FAMILY CONTRIBUTION) OUTLINED IN THEIR SAR (STUDENT AID REPORT) WHICH IS BASED ON THEIR FAFSA INFORMATION. STUDENT'S WITH AN EFC FROM ZERO TO 15,000 WILL RECEIVE SOME TYPE OF AMDA GRANT. APPLICANTS: EVERY APPLICANT IS REVIEWED FOR ELIGIBILITY FOR THE AMDA GRANT WHEN THE APPLICANT IS BEING PACKAGED. THIS OCCURS UPON RECEIPT OF THE APPLICANT'S SAR (STUDENT AID REPORT), WHICH IS GENERATED BY THE US DEPARTMENT OF EDUCATION AFTER THE STUDENT HAS COMPLETED THEIR FAFSA. THE REVIEW OF AMDA GRANT ELIGIBILITY AND PACKAGING IS DONE BY THE FINANCIAL AID STAFF MEMBER THAT IS RESPONSIBLE FOR THE PACKAGING AND MANAGEMENT OF THE INCOMING STUDENT POPULATION FOR THAT RESPECTIVE CAMPUS. CURRENTLY ENROLLED STUDENTS: EACH STUDENT WHO IS CURRENTLY ENROLLED IS REVIEWED FOR ELIGIBILITY FOR THE AMDA GRANT WHEN THE STUDENT IS BEING PACKAGED AT THE BEGINNING OF EACH NEW ACADEMIC YEAR. AS WITH APPLICANTS, ELIGIBILITY IS CALCULATED ONCE THE STUDENT'S SAR HAS BEEN RECEIVED. SPECIAL CIRCUMSTANCES/NOTES: IF A PROFESSIONAL JUDGMENT IS COMPLETED TO REDUCE THE STUDENT'S INCOME AND THUS, EFC, WE WILL ALSO INCREASE THE STUDENT'S AMDA GRANT AWARD AMOUNT TO REFLECT THE NEWLY CALCULATED EFC. INTERNATIONAL GRANT AWARD TYPE: NEED BASED WHO AWARDS: FINANCIAL AID DEPARTMENT INTERNATIONAL STUDENTS MAY SUBMIT AN INTERNATIONAL FINANCIAL APPLICATION TO BE CONSIDERED FOR NEED BASED INSTITUTIONAL AID. THE FINANCIAL AID DEPARTMENT REVIEWS EACH FINANCIAL APPLICATION TO DETERMINE IF THE APPLICANT QUALIFIES FOR A SPECIAL PROGRAM, SPONSORED AND FUNDED BY AMDA, CALLED THE "INTERNATIONAL GRANT". THE INTERNATIONAL GRANT IS A TUITION CREDIT GIVEN BY AMDA IN THE AMOUNTS OF $1,000 TO $4,000. THE DETERMINATION OF THE AMOUNT IS DETERMINED BY CALCULATIONS UTILIZING THE ESTIMATED ANNUAL INCOME, AS DETERMINED BY THE INTERNATIONAL FINANCIAL APPLICATION, THEIR DEPENDENCY STATUS AND THE NUMBER OF DEPENDENTS IN THEIR HOUSEHOLD. INTERNATIONAL GRANTS ARE AUTOMATICALLY RENEWED FROM ONE ACADEMIC YEAR TO THE NEXT. APPLICANTS: INTERNATIONAL APPLICANTS WHO SUBMIT THE VOLUNTARY INTERNATIONAL FINANCIAL AID APPLICATION ARE CONSIDERED FOR THE INTERNATIONAL GRANT. CURRENTLY ENROLLED STUDENTS: CONTINUING INTERNATIONAL STUDENTS, WHO WERE NOT AWARDED AN INTERNATIONAL GRANT DURING THEIR FIRST ACADEMIC YEAR, MAY BE CONSIDERED FOR THE INTERNATIONAL GRANT BY SUBMITTING AN INTERNATIONAL FINANCIAL AID APPLICATION FOR THEIR CURRENT AWARD YEAR. SPECIAL CIRCUMSTANCES/NOTES: INTERNATIONAL STUDENTS MAY BE ASKED TO SUBMIT ADDITIONAL DOCUMENTATION TO VALIDATE INFORMATION STATED ON THE INTERNATIONAL FINANCIAL APPLICATION. THIS DOCUMENTATION MAY INCLUDE TAX FORMS, BANK STATEMENTS, PAYROLL STUBS ETC. SUMMER GRANT AWARD TYPE: NEED BASED WHO AWARDS: FINANCIAL AID DEPARTMENT SUMMER GRANTS ARE $1,000 SCHOLARSHIPS AWARDED TO ALL DOMESTIC APPLICANTS, DURING THEIR FIRST YEAR OF STUDY, IF THEY CHOSE TO START DURING THE SUMMER TERM AND THEY HAVE FILED A FAFSA AND HAVE AN EFC LESS THAN 10,000. APPLICANTS: ARE ELIGIBLE TO RECEIVE THE SUMMER GRANT IF THEY BEGIN ENROLLMENT DURING THE SUMMER TERM AND MEET THE EFC REQUIREMENT. CURRENTLY ENROLLED STUDENTS: CONTINUING STUDENTS ARE NOT ELIGIBLE TO RECEIVE THE SUMMER GRANT. AMDA SCHOLARSHIPS AWARD TYPE: MERIT BASED WHO AWARDS: ADMISSIONS DEPARTMENT THE ADMISSIONS DEPARTMENT, SPECIFICALLY THE ADMISSIONS DIRECTORS, REVIEW EACH APPLICANT'S APPLICATION AND AUDITION RESULTS TO DETERMINE IF THE APPLICANT QUALIFIES FOR A SPECIAL PROGRAM, SPONSORED AND FUNDED BY AMDA, CALLED THE "AMDA SCHOLARSHIP". THE AMDA SCHOLARSHIP IS A TUITION CREDIT GIVEN BY AMDA THAT GENERALLY RANGE IN THE AMOUNTS OF $1,000 TO $10,000. THE DETERMINATION OF THE AMOUNT IS CALCULATED UTILIZING A RUBRIC ANALYZING SEVERAL COMPONENTS OF THE STUDENT APPLICATION AND AUDITION, SPECIFICALLY THEIR HIGH SCHOOL TRANSCRIPT/GPA, LETTERS OF RECOMMENDATION, ESSAY AND AUDITION SCORE. APPLICANTS: EVERY APPLICANT IS REVIEWED FOR ELIGIBILITY FOR THE AMDA SCHOLARSHIP DURING THE ADMISSION PROCESS. ONCE A SCHOLARSHIP DECISION HAS BEEN MADE IT IS ENTERING INTO POWERCAMPUS AND THE FINANCIAL AID COUNSELOR RESPONSIBILITY FOR PACKAGING THE PARTICULAR STUDENT'S POPULATION IS NOTIFIED. ONCE WE HAVE RECEIVED THE STUDENT'S SAR, THE APPLICANT IS THEN PACKAGED WITH THEIR AMDA SCHOLARSHIP, AS WELL AS ALL OTHER ELIGIBLE FINANCIAL AID. IF THE STUDENT IS NOT APPLYING FOR FEDERAL AID OR IS AN INTERNATIONAL STUDENT, THEN THEY WOULD BE PACKAGED WITH THEIR AMDA SCHOLARSHIP IMMEDIATELY UPON DETERMINATION AND NOTIFICATION. CURRENTLY ENROLLED STUDENTS: AMDA SCHOLARSHIP ARE RENEWABLE TO ALL CONTINUING STUDENTS FROM ONE ACADEMIC YEAR TO THE NEXT. AMDA SCHOLARSHIPS ARE RE-PACKAGED ONCE WE HAVE RECEIVED THE STUDENT'S NEW SAR AND ARE PACKAGING THEM FOR THE NEW ACADEMIC YEAR. AMDA SCHOLARSHIPS REQUIRE A MINIMUM GPA OF 3.0 TO MAINTAIN A SCHOLARSHIP FROM ONE ACADEMIC YEAR TO THE NEXT. STUDENTS WHO FALL BELOW THIS STANDARD WILL HAVE THEIR SCHOLARSHIP REMOVED WHEN BEING PACKAGED FOR THEIR NEXT ACADEMIC YEAR. SPECIAL CIRCUMSTANCES: STUDENTS WHO HAVE FALLEN BELOW THE 3.0 GPA MINIMUM STANDARD BUT MAY APPEAL TO HAVE THEIR SCHOLARSHIP RENEWED IF THEY HAVE EXTENUATING CIRCUMSTANCES THEY MAY HAVE CONTRIBUTED TO THEIR FAILURE TO MAINTAIN A 3.0 GPA OR THEY HAVE A GPA BETWEEN 2.50-2.99. INTERNATIONAL SCHOLARSHIP AWARD TYPE: MERIT BASED WHO AWARDS: ADMISSIONS DEPARTMENT THE ADMISSIONS DEPARTMENT, SPECIFICALLY THE ADMISSIONS DIRECTORS, REVIEW EACH INTERNATIONAL APPLICANT'S APPLICATION AND AUDITION RESULTS TO DETERMINE IF THE APPLICANT QUALIFIES FOR A SPECIAL PROGRAM, SPONSORED AND FUNDED BY AMDA, CALLED THE "INTERNATIONAL SCHOLARSHIP". THE INTERNATIONAL SCHOLARSHIP IS A TUITION CREDIT GIVEN BY AMDA THAT GENERALLY RANGE IN THE AMOUNTS OF $1,000 TO $10,000 AND IS SUPPLEMENTAL TO ANY AMDA SCHOLARSHIP ALREADY AWARDED. RECIPIENTS OF THIS AWARD ARE DETERMINED BASED ON FURTHER IN-DEPTH REVIEW OF THE APPLICANT'S ADMISSIONS MATERIALS INCLUDING THEIR APPLICATION AND AUDITION, SPECIFICALLY THEIR HIGH SCHOOL TRANSCRIPT/GPA, LETTERS OF RECOMMENDATION, ESSAY AND AUDITION SCORE. APPLICANTS: ONLY OUTSTANDING INTERNATIONAL APPLICANTS ARE CONSIDERED FOR THE INTERNATIONAL SCHOLARSHIP. CURRENTLY ENROLLED STUDENTS: INTERNATIONAL SCHOLARSHIPS ARE RENEWABLE TO CONTINUING INTERNATIONAL STUDENTS FROM ONE ACADEMIC YEAR TO THE NEXT. INTERNATIONAL SCHOLARSHIPS ARE RE-PACKAGED DURING THE FINANCIAL PACKAGING PROCESS FOR EACH NEW ACADEMIC YEAR. INTERNATIONAL SCHOLARSHIPS REQUIRE A MINIMUM GPA OF 3.0 TO MAINTAIN A SCHOLARSHIP FROM ONE ACADEMIC YEAR TO THE NEXT. STUDENTS WHO FALL BELOW THIS STANDARD WILL HAVE THEIR SCHOLARSHIP REMOVED WHEN BEING PACKAGED FOR THEIR NEXT ACADEMIC YEAR. SPECIAL CIRCUMSTANCES: STUDENTS WHO HAVE FALLEN BELOW THE 3.0 GPA MINIMUM STANDARD BUT MAY APPEAL TO HAVE THEIR SCHOLARSHIP RENEWED IF THEY HAVE EXTENUATING CIRCUMSTANCES THAT MAY HAVE CONTRIBUTED TO THEIR FAILURE TO MAINTAIN A 3.0 GPA AND THEY HAVE A GPA BETWEEN 2.50-2.99. VIP SCHOLARSHIP: AWARD TYPE: MERIT BASED WHO AWARDS: ADMISSIONS DEPARTMENT VIP SCHOLARSHIPS ARE $1,000 SCHOLARSHIP AWARDED TO APPLICANTS WHO SUBMIT A "VIP" APPLICATION. THIS $1,000 IS RENEWABLE FROM YEAR TO YEAR, IF THE STUDENT MAINTAINS THE MINIMUM 3.0 GPA REQUIREMENT. APPLICANTS: APPLICANTS ARE AWARDED THE VIP SCHOLARSHIP IF THEY ARE A RECIPIENT OF THE VIP APPLICATION CURRENTLY ENROLLED STUDENTS: CONTINUING STUDENTS MAY CONTINUE TO RECEIVE THE VIP SCHOLARSHIP IF THEY RECEIVED IT DURING THEIR FIRST YEAR AND MAINTAIN THE REQUIRED GPA. CONTINUING STUDENTS WHO DID NOT RECEIVE IT DURING THE FIRST YEAR ARE NOT ELIGIBLE FOR THIS SCHOLARSHIP. STUDENT SUPPORT AWARD: AWARD TYPE: NEED & MERIT BASED WHO AWARDS: SENIOR MANAGEMENT STUDENT SUPPORT AWARDS ARE SCHOLARSHIPS, IN VARYING AMOUNTS, THAT ARE AWARDED TO CONTINUING STUDENTS WHO ARE IN SEVERE FINANCIAL NEED INCLUDING A SUBSTANTIAL UNPAID BALANCE AND HAVE DEMONSTRATED ACADEMIC EXCELLENCE. APPLICANTS: APPLICANTS ARE NOT ELIGIBLE FOR STUDENT SUPPORT AWARDS CURRENTLY ENROLLED STUDENTS: STUDENT SUPPORT AWARDS ARE EVALUATED AFTER EACH ACADEMIC YEAR AND MAY BE RENEWED, BASED ON THE AVAILABILITY OF FUNDING AS DETERMINED BY SENIOR ADMINISTRATION. STUDENT MUST ALSO MEET ALL AWARD REQUIREMENTS TO BE ELIGIBLE FOR POSSIBLE RENEWAL. |
| SCHEDULE I, PART III: | HERF: AWARD TYPE: NEED BASED WHO AWARDS: FINANCIAL AID DEPARTMENT APPLICANTS: ARE ELIGIBLE IF THEY SUBMIT A 2020-21 FAFSA AND HAVE BEEN DETERMINED TO BE TITLE IV ELIGIBLE. STUDENTS ELIGIBLE TO SUBMIT A 20-21 FAFSA, WHO HAVE NOT YET DONE SO, MAY STILL SUBMIT A FAFSA UNTIL JUNE 30, 2021. STUDENTS SUBMITTING A LATE 20-21 FAFSA, MAY STILL BE AWARDED GRANT FUNDS, AS LONG AS THEY ARE DEEMED TITLE IV ELIGIBLE AND GRANT FUNDING REMAINS. GRANT AMOUNTS: GRANT AWARDS RANGE BETWEEN $250 - $1450 BASED ON STUDENT'S CURRENT ENROLLMENT STATUS AND THEIR ESTIMATED FAMILY CONTRIBUTION (EFC). THE EFC USED TO CALCULATE THEIR GRANT AWARD WAS TAKEN FROM THEIR MOST RECENT FAFSA TRANSACTION. GRANTS FUNDS WERE DISTRIBUTED TO STUDENTS BY EITHER; POSTING THE FUNDS DIRECTLY TO THEIR STUDENT REFUND ACCOUNT OR BY MAILED CHECK. GRANT RECIPIENTS, WHO DID NOT ALREADY HAVE A STUDENT REFUND ACCOUNT SET-UP, WERE ASKED TO EITHER; SET-UP AN ACCOUNT OR REQUEST A CHECK AND PROVIDE AN ADDRESS FOR THE CHECK TO BE MAIL. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (9 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DAVID D MARTIN | ||||||||||||||
| PRESIDENT/DIRECTOR - SEE SCH. J | $565,239 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $16,989 | $0 | $582,228 | $0 | $0 | $0 |
| JAN R MARTIN | ||||||||||||||
| CEO/DIRECTOR - SEE SCH. J | $503,210 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $16,989 | $0 | $520,199 | $0 | $0 | $0 |
| DAVID SILVERMAN | ||||||||||||||
| CHIEF FINANCIAL OFFICER | $391,378 | $0 | $0 | $0 | $0 | $0 | $56,107 | $0 | $46,161 | $0 | $493,646 | $0 | $0 | $0 |
| JOHN L GALGANO | ||||||||||||||
| GENERAL COUNSEL | $243,012 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $31,327 | $0 | $274,339 | $0 | $0 | $0 |
| JASON CHAET | ||||||||||||||
| FACULTY | $225,753 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $10,905 | $0 | $236,658 | $0 | $0 | $0 |
| MARK RUGGIERO | ||||||||||||||
| DIRECTOR OF FINANCIAL AID | $215,534 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1,609 | $0 | $217,143 | $0 | $0 | $0 |
| MIKE KELLER | ||||||||||||||
| FACULTY | $197,334 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $13,323 | $0 | $210,657 | $0 | $0 | $0 |
| DANIEL TORRES | ||||||||||||||
| DIRECTOR OF FACILITIES | $173,427 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $6,444 | $0 | $179,871 | $0 | $0 | $0 |
| DON CHEN | ||||||||||||||
| DIRECTOR OF IT | $167,700 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $11,060 | $0 | $178,760 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 4B | DAVID SILVERMAN PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED PLAN. A CONTRIBUTION OF $56,107 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 52 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 52 YEARS; JAN MARTIN HAS BEEN THE EXECUTIVE DIRECTOR FOR AMDA FOR 46 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. |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (3 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|
| CALIFORNIA MUNICIPAL FINANCE AUTHORITY | |||||||
| A | 201563466 | 2015-12-10 | $35,000,000 | REFINANCING DUE TO MAJOR RENOVATIONS | 0 | 0 | 0 |
| BUILD NYC RESOURCE CORPORATION | |||||||
| B | 454040561 | 2015-12-10 | $21,000,000 | REFINANCING DUE TO MAJOR RENOVATIONS | 0 | 0 | 0 |
| BUILD NYC RESOURCE CORPORATION | |||||||
| C | 454040561 | 2018-11-15 | $34,250,000 | REFINANCING DUE TO MAJOR RENOVATIONS | 0 | 0 | 0 |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (3 entries)
| Bond ReferenceBondReferenceCd | RetiredRetiredAmt | Total ProceedsTotalProceedsAmt | In Reserve FundInReserveFundAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Working Capital ExpendituresWorkingCapitalExpendituresAmt | Capital ExpendituresCapitalExpendituresAmt | Substantial CompletionSubstantialCompletionYr | Refunding Tax Exempt BondsRefundingTaxExemptBondsInd | Refunding Taxable BondsRefundingTaxableBondsInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd |
|---|---|---|---|---|---|---|---|---|---|---|---|
| A | $5,652,663 | $35,048,405 | $1,059,143 | $610,687 | $18,404 | $33,360,172 | 2016 | 0 | 0 | Yes (1) | Yes (1) |
| B | $3,391,597 | $21,003,504 | $655,073 | $420,000 | $10,340 | $19,918,091 | 2016 | 0 | 0 | Yes (1) | Yes (1) |
| C | $734,931 | $34,250,000 | $560,890 | $33,689,110 | 2019 | 0 | 0 | 0 | 0 |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (3 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Any Research AgreementsAnyResearchAgreementsInd | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd |
|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| B | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| C | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (3 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | Rebate Not Due YetRebateNotDueYetInd | Exception To RebateExceptionToRebateInd | No Rebate DueNoRebateDueInd | Variable Rate IssueVariableRateIssueInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd | Business Name Line2HedgeProviderName/BusinessNameLine2Txt | Term Of HedgeTermOfHedgePct | Superintegrated HedgeSuperintegratedHedgeInd | Hedge TerminatedHedgeTerminatedInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CAPITAL ONE AND IDB | |||||||||||||
| A | 0 | 0 | Yes (1) | 0 | Yes (1) | Yes (1) | BANK | 9.500000000000 | Yes (1) | 0 | 0 | 0 | 0 |
| CAPITAL ONE AND IDB | |||||||||||||
| B | 0 | 0 | Yes (1) | 0 | Yes (1) | Yes (1) | BANK | 9.500000000000 | Yes (1) | 0 | 0 | 0 | 0 |
| CAPITAL ONE AND IDB | |||||||||||||
| C | 0 | 0 | Yes (1) | 0 | Yes (1) | Yes (1) | BANK | 9.500000000000 | Yes (1) | 0 | 0 | 0 | 0 |
Procedures Corrective Action ProceduresCorrectiveActionGrp (3 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | 0 |
| B | 0 |
| C | 0 |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE K, PART II, LINE 3: | THE TOTAL PROCEEDS OF ISSUE IS DIFFERENT THEN THE ISSUE PRICE DUE TO INVESTMENT INCOME. |
| SCHEDULE K, PART II, LINE 10: | PORTION REPRESENTS REIMBURSEMENT OF PRIOR EXPENDITURES WITH BOND PROCEEDS. A FORMAL DECLARATION OF REASONABLE INTENTION TO REIMBURSE THE EXPENDITURES WITH THE PROCEEDS OF A BORROWING HAS BEEN PROPERLY MADE. |
| SCHEDULE K, PART IV, LINE 2B: | THE ORGANIZATION HAS MET THE SPENDING EXCEPTION TO THE ARBITRAGE REBATE REQUIREMENT OF IRC SECTION 148(F)(2). |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (10 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART I, LINE 1: | THE AMERICAN MUSICAL AND DRAMATIC ACADEMY PROVIDES TWO TRACKS OF EDUCATIONAL PROGRAMS TO MEET THE NEEDS OF THE PERFORMING ARTIST. AMDA'S FOUR-YEAR BFA PROGRAM OFFERS BACHELOR OF FINE ARTS DEGREES IN FOUR DISTINCT ARTISTIC AND ACADEMIC PROGRAMS: *BACHELOR OF FINE ARTS IN ACTING *BACHELOR OF FINE ARTS IN MUSICAL THEATRE *BACHELOR OF FINE ARTS IN DANCE THEATRE *BACHELOR OF FINE ARTS IN PERFORMING ARTS THE CONSERVATORY PROGRAM IS A TWO-YEAR CERTIFICATE PROGRAM WHICH OFFERS EDUCATIONAL TRAINING FOR THE PERFORMING ARTIST SEEKING A CAREER IN THE PROFESSIONAL WORLD. THE CONSERVATORY PROGRAMS INCLUDE: *THE STUDIO PROGRAM (STUDIES FOCUS ON ACTING FOR THE STAGE AND SCREEN.) *THE INTEGRATED PROGRAM (STUDIES FOCUS ON ACTING, MUSICAL THEATRE, AND DANCE FOR THE PERFORMING ARTIST.) *THE DANCE PROGRAM. (STUDIES FOCUS ON MULTIPLE DANCE DISCIPLINES ALONG WITH PERFORMING ARTS ELECTIVES.) PROGRAM DESCRIPTION: BACHELOR OF FINE ARTS IN ACTING THE BACHELOR OF FINE ARTS IN ACTING IS A FOUR-YEAR, 120 CREDIT PROGRAM OF STUDY, DEVISED TO PROVIDE BOTH COMPREHENSIVE EDUCATION/TRAINING AND A SOLID FOUNDATION OF LIBERAL ARTS/GENERAL EDUCATION COURSE WORK FOR THE PERFORMING ARTIST. THE PERFORMING ARTS COMPONENT CONSISTS OF 90 CREDITS OF COURSE WORK WHICH PROVIDES ARTISTIC TRAINING IN ACTING FOR STAGE, FILM, AND TELEVISION. THIS COMPREHENSIVE REGIMEN IS DESIGNED TO PREPARE STUDENTS FOR A CAREER IN THE PERFORMING ARTS WITH AN EMPHASIS ON ACTING. A SAMPLE OF THE COURSE OFFERINGS FOR THE ARTISTIC STUDIES INCLUDE: VOICE PRODUCTION AND SPEECH-FOUNDATIONS AND TECHNIQUE; ACTING FOUNDATIONS; ACTING FOR THE CAMERA-BEGINNING, INTERMEDIATE AND ADVANCED; ACTING-SCENE STUDY; ENSEMBLE ACTING; EXPLORING CONTEMPORARY THEATRE; ACTING STYLES; STAGE COMBAT-UNARMED; SHAKESPEARE; IMPROVISATIONAL ACTING-FOUNDATIONS, TECHNIQUES, AND ADVANCED TECHNIQUE; DIRECTING-THE ACTOR'S EXPERIENCE; ACTING-ADVANCED SCENE STUDY; DIALECTS-DIRECTED STUDIES; CLASSICAL REPERTOIRE; AUDITION TECHNIQUES; ONE-ACTS; FILM GENRE; ACTING TECHNIQUES; FILM SURVEY FOR THE ACTOR-BEGINNING AND ADVANCED; INDUSTRY WORKSHOP; STAGE COMBAT-SINGLE SWORD; MUSICIANSHIP; TV GENRES; DANCE AND MOVEMENT FOR THE ACTOR; ADVANCED AUDITION FOR THE CAMERA; ADVANCED TECHNIQUES AND SCENE APPLICATIONS; DIRECTING-THE DIRECTOR'S EXPERIENCE; SHORT FILMS; AUDITION PORTFOLIO-ACTING; INDUSTRY AND NETWORKING; INDUSTRY EVENT; PERFORMANCE ELECTIVES/PRACTICUM THROUGHOUT THE FOUR-YEAR PROGRAM DESIGNED FOR THE PROFESSIONAL DEVELOPMENT OF THE ARTIST. A BFA IN ACTING ALSO REQUIRES 30 CREDITS OF CRITICAL STUDIES WHICH BROADEN THE STUDENT'S EDUCATION WITH A DIVERSE CURRICULUM OF ACADEMIC STUDIES. THE CRITICAL STUDIES, OR GENERAL EDUCATION REQUIREMENTS, INCLUDE COURSES SUCH AS ENGLISH, HUMANITIES, SCIENCE/TECHNOLOGY, AND BUSINESS. THESE REQUIRED COURSES, ALONG WITH ADDITIONAL ELECTIVES IN THE CRITICAL STUDIES COMPONENT, INCLUDE A WIDE RANGE OF CULTURAL, ACADEMIC, AND HISTORICAL STUDIES. THESE CLASSES ARE SPECIFICALLY DESIGNED TO FURTHER DEVELOP THE STUDENTS UNDERSTANDING OF THE ARTISTIC AND CREATIVE PROCESS. THE ACADEMIC COURSEWORK FOR THIS COMPONENT OF THE PERFORMER'S TRAINING FURTHER SUPPORTS THE ARTIST'S PROFESSIONAL CAREER PATH WITH A WIDER DIVERSIFICATION OF EDUCATIONAL AND CRITICAL STUDIES. THE INTEGRATION OF THESE UNIQUELY DESIGNED CRITICAL STUDIES COURSES FOR THE PERFORMING ARTIST ALONG WITH THE INTENSIVE ARTISTIC TRAINING IN THE PERFORMING ARTS AND ACTING COMBINE TO PROVIDE A COMPREHENSIVE PERFORMANCE EDUCATION PREPARING THE GRADUATE FOR THE CHALLENGES OF THE PROFESSIONAL WORLD. PROGRAM DESCRIPTION: BACHELOR OF FINE ARTS IN MUSICAL THEATRE THE BACHELOR OF FINE ARTS IN MUSICAL THEATRE IS A FOUR-YEAR, 120 CREDIT PROGRAM OF STUDY, DEVISED TO PROVIDE BOTH COMPREHENSIVE EDUCATION/TRAINING AND A SOLID FOUNDATION OF LIBERAL ARTS/GENERAL EDUCATION COURSE WORK FOR THE PERFORMING ARTIST. THE PERFORMING ARTS COMPONENT CONSISTS OF 90 CREDITS OF COURSE WORK WHICH INTEGRATES THE DISCIPLINES OF ACTING, VOICE, DANCE, AND MUSICAL THEATRE. THIS COMPREHENSIVE REGIMEN IS DESIGNED TO PREPARE STUDENTS FOR A CAREER IN THE PERFORMING ARTS WITH A SPECIAL FOCUS ON MUSICAL THEATRE. A SAMPLE OF THE COURSE OFFERINGS FOR THE ARTISTIC STUDIES INCLUDE: MUSICAL THEATRE TECHNIQUES FOR STAGE AND FILM; VOICE PRODUCTION AND SPEECH; DANCE AND MOVEMENT FOR THE ACTOR; ACTING FOUNDATIONS AND TECHNIQUES; MUSICAL THEATRE STYLES FOR STAGE AND FILM; ENSEMBLE COMBINATIONS; MUSICAL THEATRE SCENE STUDY; DANCE (BEGINNING, INTERMEDIATE, AND ADVANCED)-BALLET, TAP, JAZZ; MUSICIANSHIP; DANCE AND MOVEMENT FOR THE ACTOR; MUSICAL THEATRE AUDITION PREPARATION; ENSEMBLE COMBINATIONS; STAGE COMBAT-UNARMED; PERFORMING AND PRODUCING CABARET; MUSICAL THEATRE-STYLES, SCENES, AND AUDITION PREPARATION; ACTING SCENE STUDY; ROLES AND READINGS; ADVANCED MUSICIANSHIP-SIGHT SINGING; ADVANCED AUDITION FOR THE CAMERA; MUSICAL THEATRE DANCE COMBINATIONS; ACTING FOR THE CAMERA-BEGINNING, INTERMEDIATE, AND ADVANCED; AUDITION PORTFOLIO-MUSICAL THEATRE AND ACTING; INDUSTRY NETWORKING; INDIVIDUAL VOICE TRAINING IN FOUNDATIONS AND TECHNIQUE; PERFORMANCE ELECTIVES/PRACTICUM THROUGHOUT THE FOUR-YEAR PROGRAM DESIGNED FOR THE PROFESSIONAL DEVELOPMENT OF THE ARTIST. A BFA IN MUSICAL THEATRE ALSO REQUIRES 30 CREDITS OF CRITICAL STUDIES WHICH BROADEN THE STUDENT'S EDUCATION WITH A DIVERSE CURRICULUM OF ACADEMIC STUDIES. THE CRITICAL STUDIES, OR GENERAL EDUCATION REQUIREMENTS, INCLUDE COURSES SUCH AS ENGLISH, HUMANITIES, SCIENCE/TECHNOLOGY, AND BUSINESS. THESE REQUIRED COURSES, ALONG WITH ADDITIONAL ELECTIVES IN THE CRITICAL STUDIES COMPONENT, INCLUDE A WIDE RANGE OF CULTURAL, ACADEMIC, AND HISTORICAL STUDIES. THESE CLASSES ARE SPECIFICALLY DESIGNED TO FURTHER DEVELOP THE STUDENTS UNDERSTANDING OF THE ARTISTIC AND CREATIVE PROCESS. THE ACADEMIC COURSEWORK FOR THIS COMPONENT OF THE PERFORMER'S TRAINING FURTHER SUPPORTS THE ARTIST'S PROFESSIONAL CAREER PATH WITH A WIDER DIVERSIFICATION OF EDUCATIONAL AND CRITICAL STUDIES. THE INTEGRATION OF THESE UNIQUELY DESIGNED CRITICAL STUDIES COURSES FOR THE PERFORMING ARTIST ALONG WITH THE INTENSIVE ARTISTIC TRAINING IN THE PERFORMING ARTS AND MUSICAL THEATRE COMBINE TO PROVIDE A COMPREHENSIVE PERFORMANCE EDUCATION PREPARING THE GRADUATE FOR THE CHALLENGES OF THE PROFESSIONAL WORLD. PROGRAM DESCRIPTION: BACHELOR OF FINE ARTS IN DANCE THEATRE THE BACHELOR OF FINE ARTS IN DANCE THEATRE IS A FOUR-YEAR, 120 CREDIT PROGRAM OF STUDY, DEVISED TO PROVIDE BOTH COMPREHENSIVE EDUCATION/TRAINING AND A SOLID FOUNDATION OF LIBERAL ARTS/GENERAL EDUCATION COURSE WORK FOR THE PERFORMING ARTIST. THE PERFORMING ARTS COMPONENT CONSISTS OF 90 CREDITS OF COURSE WORK WHICH INTEGRATES THE DISCIPLINES OF DANCE, ACTING, VOICE, AND MUSICAL THEATRE. THIS COMPREHENSIVE REGIMEN IS DESIGNED TO PREPARE STUDENTS FOR A CAREER IN THE PERFORMING ARTS WITH A SPECIAL FOCUS ON DANCE THEATRE. A SAMPLE OF THE COURSE OFFERINGS FOR THE ARTISTIC STUDIES INCLUDE: ONE-HOUR DAILY WARM-UP; DANCE-BALLET, JAZZ, MODERN, TAP, CONTEMPORARY, HIP-HOP (ALL LEVELS); VOICE PRODUCTION AND SPEECH-FOUNDATIONS AND TECHNIQUES; ACTING FOUNDATIONS; ACTING FOR THE CAMERA; ALEXANDER TECHNIQUE; PROFESSIONAL ETHICS IN DANCE; MUSICIANSHIP; DANCE FOR THE CAMERA-BEGINNING AND ADVANCED; EXPLORATION OF DANCE STYLES; CHOREOGRAPHY-THE DANCER'S EXPERIENCE; IMPROVISATIONAL DANCE; DANCE AUDITION TECHNIQUES-BEGINNING AND ADVANCED; CHOREOGRAPHY-THE CHOREOGRAPHER'S EXPERIENCE; INDUSTRY AND NETWORKING FOR DANCE THEATRE; INDUSTRY WORKSHOP; DANCE COMPANY PROJECT/PERFORMANCE PRACTICUM THROUGHOUT THE FOUR-YEAR PROGRAM DESIGNED FOR THE PROFESSIONAL DEVELOPMENT OF THE ARTIST. A BFA IN DANCE THEATRE ALSO REQUIRES 30 CREDITS OF CRITICAL STUDIES WHICH BROADEN THE STUDENT'S EDUCATION WITH A DIVERSE CURRICULUM OF ACADEMIC STUDIES. THE CRITICAL STUDIES, OR GENERAL EDUCATION REQUIREMENTS, INCLUDE COURSES SUCH AS ENGLISH, HUMANITIES, SCIENCE/TECHNOLOGY, AND BUSINESS. THESE REQUIRED COURSES, ALONG WITH ADDITIONAL ELECTIVES IN THE CRITICAL STUDIES COMPONENT, INCLUDE A WIDE RANGE OF CULTURAL, ACADEMIC, AND HISTORICAL STUDIES. THESE CLASSES ARE SPECIFICALLY DESIGNED TO FURTHER DEVELOP THE STUDENTS UNDERSTANDING OF THE ARTISTIC AND CREATIVE PROCESS. THE ACADEMIC COURSEWORK FOR THIS COMPONENT OF THE PERFORMER'S TRAINING FURTHER SUPPORTS THE ARTIST'S PROFESSIONAL CAREER PATH WITH A WIDER DIVERSIFICATION OF EDUCATIONAL AND CRITICAL STUDIES. THE INTEGRATION OF THESE UNIQUELY DESIGNED CRITICAL STUDIES COURSES FOR THE PERFORMING ARTIST ALONG WITH THE INTENSIVE ARTISTIC TRAINING IN THE PERFORMING ARTS AND DANCE THEATRE COMBINE TO PROVIDE A COMPREHENSIVE PERFORMANCE EDUCATION PREPARING THE GRADUATE FOR THE CHALLENGES OF THE PROFESSIONAL WORLD. |
| FORM 990, PART VI, SECTION A, LINE 2 | DAVID MARTIN, PRESIDENT/DIRECTOR AND JAN MARTIN, CEO/DIRECTOR OF THE CORPORATION, HAVE A FAMILY RELATIONSHIP. |
| FORM 990, PART VI, SECTION A, LINE 4 | THE ORGANIZATION AMENDED ITS BY-LAWS IN FY2021. THE FOLLOWING CHANGES WERE MADE TO THE BY-LAWS: 1. THE ORGANIZATION REMOVED THE CAP ON THE MAXIMUM NUMBER OF BOARD MEMBERS ALLOWING THE EXACT NUMBER TO BE FIXED FROM TIME TO TIME BY A MAJORITY OF THE ENTIRE BOARD. 2. BOARD TERM LIMITS WERE CREATED. |
| FORM 990, PART VI, SECTION B, LINE 11B | AMDA PROCESS FOR REVIEW OF THE ANNUAL FORM 990: 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 EXECUTIVE DIRECTOR/PRESIDENT. 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 EXECUTIVE DIRECTOR/PRESIDENT 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/PRESIDENT. THE CFO OR EXECUTIVE DIRECTOR/PRESIDENT 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 EXECUTIVE DIRECTOR/PRESIDENT 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 | INDIVIDUALS COVERED BY THE AMDA 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 AMDA 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 | 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 2021. |
| FORM 990, PART VI, SECTION C, LINE 19 | AMDA MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST BY CALLING THE ORGANIZATION DIRECTLY OR BY WRITTEN REQUEST. ALL REQUESTS FOR INFORMATION ARE PROVIDED EITHER ELECTRONICALLY OR IN HARDCOPY FORM. |
| FORM 990, PART XI, LINE 9: | CHANGE IN FAIR VALUE OF INTEREST RATE SWAP 1,805,866. |
| FORM 990, PART XII, LINE 2C: | THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS DID NOT CHANGE FROM THE PRIOR YEAR. |
| FORM 990, BOX C: | AMDA, INC. ALSO CONDUCTS BUSINESS USING THE FOLLOWING DBAS: (1) THE AMERICAN MUSICAL AND DRAMATIC ACADEMY (2) AMDA COLLEGE OF THE PERFORMING ARTS |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MANHATTAN STRATFORD ARMS INC (STRATFORD) | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 211 WEST 61ST STREET 3RD FLOOR | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10023 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 133866204 | EIN |
| Primary Activities | EXEMPT TITLE HOLDING COMPANY | PrimaryActivitiesTxt |
| Legal Domicile State | NY | LegalDomicileStateCd |
| Exempt Code Section | 501(C)(2) | ExemptCodeSectionTxt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | AMERICAN MUSICAL & DRAMATIC ACADEMY (AMDA) | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Organization | Yes (1) | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (1) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | Yes (1) | TransferToOtherOrgInd |
| Transfer From Other Org | Yes (1) | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (2 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| MANHATTAN STRATFORD ARMS INC | ||
| R | $1,950,000 | COST |
| MANHATTAN STRATFORD ARMS INC | ||
| S | $3,370,214 | COST |