2021-05-17T09:08:29-05:00 2020-06-30 271728945 PKF O'CONNOR DAVIES LLP 500 MAMARONECK AVENUE HARRISON NY 105281633 990 2019-07-01 132501829 AMDA INC (AMERICAN MUSICAL AND DRAMATIC ACADEMY & SUBSIDIARIES) AMDA 2127875300 211 WEST 61ST STREET NEW YORK NY 10023 DAVID SILVERMAN CHIEF FINANCIAL OFFICER 2129573331 2021-05-17 1 GARRETT M HIGGINS P00543209 9143818900 2021-05-06 2019 2022-09-23 18:48:47Z SEE SCHEDULE O JAN R MARTIN 211 WEST 61ST STREET NEW YORK NY 10023 103386611 0 X WWW.AMDA.EDU X 1964 NY SEE SCHEDULE O 11 9 1932 6 0 0 2210 2384017 95670879 100021412 376671 472141 518464 312426 96568224 103189996 18206175 20105116 0 0 39614985 42999250 0 0 0 35922249 35061699 93743409 98166065 2824815 5023931 153154576 145863017 121371032 112211144 31783544 33651873 X 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. 0 0 71617030 20105116 84544217 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. 10940344 15509813 AUXILLIARY SERVICES: PROVIDES SERVICES TO SUPPORT THE INSTRUCTION OF THE EDUCATIONAL INSTITUTION INCLUDING STUDENT HOUSING, FOOD SERVICES, BOOKSTORE, AND RELATED SERVICES. 82557374 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 1 0 1 214 0 1932 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 9 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA NY X X DAVID SILVERMAN - CFO 2127875300 211 WEST 61ST STREET NEW YORK NY 10023 DAVID D MARTIN PRESIDENT/DIRECTOR - SEE S 50.00 2.00 X X 609042 0 14784 JAN R MARTIN CEO/DIRECTOR - SEE SCH. J 50.00 5.00 X X 551210 0 14778 DAVID SILVERMAN CHIEF FINANCIAL OFFICER 50.00 5.00 X 439234 0 93792 JOHN L GALGANO GENERAL COUNSEL 45.00 X 275188 0 21232 MARK RUGGIERO DIRECTOR OF FINANCIAL AID 40.00 X 201020 0 11295 JASON CHAET FACULTY 40.00 X 193602 0 10905 DON CHEN DIRECTOR OF IT 40.00 X 158337 0 11060 DENNIS ABENANTY MANAGING DIRECTOR 40.00 X 158115 0 11059 DANIEL TORRES DIRECTOR OF FACILITIES 30.00 10.00 X 161797 0 6444 NANCY SULLIVAN CHAIRPERSON/DIRECTOR 5.00 5.00 X X 0 0 0 ELISA LEFKOWITZ SECRETARY/DIRECTOR 3.00 X X 0 0 0 SHARON KELLY DIRECTOR 3.00 X 0 0 0 MOLLY ZIEMINSKI DIRECTOR, THRU XXX 1.00 X 0 0 0 MATT MCALPINE DIRECTOR 1.00 X 0 0 0 JON FREEDMAN DIRECTOR 1.00 X 0 0 0 MOLLY CHESTNUT DIRECTOR 1.00 X 0 0 0 JUAN JONES DIRECTOR 1.00 X 0 0 0 SALLY KOENIG DIRECTOR 1.00 X 0 0 0 SCOTT VERCH DIRECTOR 1.00 X 0 0 0 2747545 0 195349 42 0 1 0 EAB - ROYALL & COMPANY 1920 E PARHAM RD RICHMOND VA 23228 MARKETING CONSULTING 1100547 TAINTED TREATS DBA COOKING WITH COREY 155-07 JEWEL AVENUE FLUSHING NY 11367 FOOD SERVICES 944448 UNITED GUARD SECURITY INC 879 W 109TH ST 280 GARDENA CA 90248 SECURITY 926639 UNIQUE IMAGE INC 19365 BUSINESS CENTER DRIVE NORTHRIDGE CA 91324 MARKETING CONSULTING 897737 US SECURITY ASSOCIATES INC 200 MANSELL CT ROSEWELL GA 30076 SECURITY 774646 34 2376267 7750 2384017 TUITION 611610 84511599 84511599 AUXILIARY SERVICES 900099 15325815 15325815 WORK STUDY REIMBURSEMENTS 900099 180000 180000 PRI - INTEREST 900099 3998 3998 100021412 450798 450798 21343 21343 43641 149779 -106138 -106138 -106138 79454 46836 32618 32618 OTHER REVENUE 900099 293225 293225 LAUNDRY REVENUE 900099 52848 52848 TAX REFUND 900099 23924 23924 15949 15949 385946 103189996 100054030 0 751949 20105116 20105116 1884988 1363749 521239 28000 28000 34318776 28118390 6200386 64033 52507 11526 3633555 3144315 489240 3069898 2517316 552582 1069820 42932 1026888 35000 35000 332892 206988 125904 3510307 2993205 517102 6356263 4248320 2107943 499203 5993 493210 3343979 2909746 434233 536194 58172 478022 3652332 2775772 876560 3843773 2921267 922506 674138 333697 340441 UBIT EXPENSE 189 189 HOUSING RENTALS 4493781 4493781 SCHOLARSHIP AUDITIONS 2379215 2379215 STUDENT ACTIVITY EXP 1848200 1848200 2486413 2038693 447720 98166065 82557374 15608691 0 7507514 3060758 30152486 28186086 547910 960977 235870 232725 1219058 1206486 141989515 32198656 110521881 109790859 135609 198567 2834248 2226559 153154576 145863017 1525518 3311946 21694968 10173176 82668741 80609215 26086 20519 13024689 12567215 2431030 5529073 121371032 112211144 X 31783544 33651873 31783544 33651873 153154576 145863017 X 5023931 -3155602 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 30964458 30964458 63551430 11535024 52016406 32948796 10120312 22828484 9617862 7746698 1871164 4906969 2796622 2110347 109790859 DEFERRED COMPENSATION PAYABLE 351583 DEFERRED RENT 601054 FAIR VALUE OF INTEREST RATE SWAP LIABLITY 4576436 5529073 X 84486612 198600 198600 84288012 18901984 18901984 103189996 78825631 1511550 1511550 77314081 20851984 20851984 98166065 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 2017. PART XI, LINE 2D - OTHER ADJUSTMENTS: CONSOLIDATED REVENUE INCLUDED ON RELATED ENTITY FORM 990 48,821. RENTAL EXPENSES REPORTED ON PART VIII, LINE 6B 149,779. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS NETTED AGAINST REVENUE ON FINANCIAL STATEMENTS 18,877,866. LATE FEE REVENUE INCLUDED IN EXPENSE ON FINANCIAL STATEMENT 194. RECLASS OF UBI TAX REFUND TO PART VIII, LINE 11 23,924. PART XII, LINE 2D - OTHER ADJUSTMENTS: CONSOLIDATED EXPENSES INCLUDED ON RELATED ENTITY FORM 990 1,361,771. RENTAL EXPENSES REPORTED ON PART VIII, LINE 6B 149,779. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS NETTED AGAINST REVENUE ON FINANCIAL STATEMENTS 18,877,866. ALLOCATION OF HOUSING EXPENSES FROM MSA, INC. (100% OWNED SUBSIDIARY) 1,950,000. LATE FEE REVENUE INCLUDED IN EXPENSE ON FINANCIAL STATEMENT 194. RECLASS OF UBI TAX REFUND TO PART VIII, LINE 11 23,924. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 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, NATIONA. OR ETHNIC ORIGIN OR DISABILITY. ADDITIONALLY THE SCHOOL PUBLISHES ITS NON-DISCRIMINATION POLICY ON ITS WEBSITE HTTPS://WWW.AMDA.EDU/STUDENT-LIFE/TITLE-IX. SCHEDULE E, PART I, LINE 6 AMDA RECEIVES FINANCIAL AID ON BEHALF OF ITS STUDENTS. THE ACADEMY RECEIVED A GRANT THROUGH THE CARES ACT FOR THE HIGHER EDUCATION EMERGENCY RELIEF FUND ("HEERF") FOR A TOTAL AMOUNT OF $2,388,718, WHICH INCLUDES $110,683 RECEIVED DUE TO THE ACADEMY'S ELIGIBILITY IN THE STRENGTHENING INSTITUTIONS PROGRAM ("SIP"). AS PER THE AGREEMENTS, $1,139,017 WAS ALLOCATED AS THE INSTITUTIONAL PORTION AND THE REMAINING $1,249,701 WAS ALLOCATED AS EMERGENCY FINANCIAL AID GRANTS TO STUDENTS. THE HEERF GRANTS ARE CONSIDERED CONDITIONAL GRANTS AND REVENUE IS RECOGNIZED ON A SYSTEMATIC BASIS OVER THE PERIOD IN WHICH THE RELATED QUALIFIED COSTS ARE INCURRED. AS OF JUNE 30, 2020, THE ACADEMY RECOGNIZED THE FULL INSTITUTIONAL PORTION AS REVENUE AND $1,227,250 RELATED TO THE EMERGENCY FINANCIAL AID GRANTS TO STUDENTS. THE REMAINING BALANCE OF $22,451 AT JUNE 30, 2020, IS REPORTED AS DEFERRED GRANT REVENUE IN THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION, WHICH IS TO BE PAID OUT SUBSEQUENT TO YEAR-END. 1 NATIONAL SCHOLARSHIPS 2096 14407931 INSTITUTIONAL AID 1115 2593874 MERIT AWARDS 156 266127 INTERNATIONAL SCHOLARSHIP 94 283000 SUMMER GRANTS 134 148403 VIP SCHOLARSHIPS 337 723127 JUNIOR SCHOLARSHIPS 124 125525 SUMMER CAMP SCHOLARSHIPS 589 222236 SSA SCHOLARSHIPS 3 106143 HERF 1282 1227250 DANCE SCHOLARSHIP 1 1500 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. PART 1, LINE 2 HERF: AWARD TYPE: NEED BASED WHO AWARDS: FINANCIAL AID DEPARTMENT APPLICANTS: ARE ELIGIBLE IF THEY SUBMIT A 2019-20 FAFSA AND HAVE BEEN DETERMINED TO BE TITLE IV ELIGIBLE. STUDENTS ELIGIBLE TO SUBMIT A 19-20 FAFSA, WHO HAVE NOT YET DONE SO, MAY STILL SUBMIT A FAFSA UNTIL JUNE 30, 2020. STUDENTS SUBMITTING A LATE 19-20 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. X X X X X 0 1 0 0 0 0 0 1 0 DAVID D MARTIN PRESIDENT/DIRECTOR - SEE S 524442 0 65000 0 19600 0 0 0 14784 0 623826 0 0 0 JAN R MARTIN CEO/DIRECTOR - SEE SCH. J 465838 0 65000 0 20372 0 0 0 14778 0 565988 0 0 0 DAVID SILVERMAN CHIEF FINANCIAL OFFICER 370234 0 50000 0 19000 0 54473 0 39319 0 533026 0 0 0 JOHN L GALGANO GENERAL COUNSEL 231188 0 25000 0 19000 0 0 0 21232 0 296420 0 0 0 MARK RUGGIERO DIRECTOR OF FINANCIAL AID 201020 0 0 0 0 0 0 0 11295 0 212315 0 0 0 JASON CHAET FACULTY 193602 0 0 0 0 0 0 0 10905 0 204507 0 0 0 DON CHEN DIRECTOR OF IT 158337 0 0 0 0 0 0 0 11060 0 169397 0 0 0 DENNIS ABENANTY MANAGING DIRECTOR 158115 0 0 0 0 0 0 0 11059 0 169174 0 0 0 DANIEL TORRES DIRECTOR OF FACILITIES 161797 0 0 0 0 0 0 0 6444 0 168241 0 0 0 PART I, LINE 4B DAVID SILVERMAN PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED PLAN. A CONTRIBUTION OF $54,473 WAS ACCRUED BY AMDA FOR DAVID SILVERMAN. PART I, LINE 7 DAVID MARTIN, JAN MARTIN, DAVID SILVERMAN AND JOHN GALGANO EACH RECEIVED A BOARD APPROVED BONUS IN THEIR 2019 W-2S. 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 51 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 51 YEARS; JAN MARTIN HAS BEEN THE EXECUTIVE DIRECTOR FOR AMDA FOR 45 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. A CALIFORNIA MUNICIPAL FINANCE AUTHORITY 201563466 2015-12-10 35000000 REFINANCING DUE TO MAJOR RENOVATIONS 0 0 0 B BUILD NYC RESOURCE CORPORATION 454040561 2015-12-10 21000000 REFINANCING DUE TO MAJOR RENOVATIONS 0 0 0 C BUILD NYC RESOURCE CORPORATION 454040561 2018-11-15 34250000 REFINANCING DUE TO MAJOR RENOVATIONS 0 0 0 A 4673084 35027062 1059146 610687 18404 33338825 2016 0 0 1 1 B 2803850 21003504 655073 420000 10340 19918091 2016 0 0 1 1 C 363025 34250000 560890 33689110 2019 0 0 0 0 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 A 0 0 1 0 1 1 CAPITAL ONE AND IDB BANK 9.500000000000 1 0 0 0 0 B 0 0 1 0 1 1 CAPITAL ONE AND IDB BANK 9.500000000000 1 0 0 0 0 C 0 0 1 0 1 1 CAPITAL ONE AND IDB BANK 9.500000000000 1 0 0 0 0 A 0 B 0 C 0 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). DAVID AND JAN MARTIN OFFICERS OF THE ORGANIZATION TRAVEL AND RELATED REIMBURSEMENT PROGRAM X 93604 20519 0 1 1 20519 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 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 2020. 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 -3,155,602. 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 AND CONSERVATORY OF THE PERFORMING ARTS MANHATTAN STRATFORD ARMS INC (STRATFORD) 211 WEST 61ST STREET 3RD FLOOR NEW YORK NY 10023 133866204 EXEMPT TITLE HOLDING COMPANY NY 501(C)(2) AMERICAN MUSICAL & DRAMATIC ACADEMY (AMDA) 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 MANHATTAN STRATFORD ARMS INC R 1950000 COST MANHATTAN STRATFORD ARMS INC S 2659523 COST