MANHATTAN STRATFORD ARMS INC: Form 990, tax year 2016
View the entire original 990 at ProPublica ↗
- Organization
- MANHATTAN STRATFORD ARMS INC (EIN 13-3866204)
- Tax period
- 2016-07-01 to 2017-06-30
- Filed
- 2018-05-07
- IRS object ID
- 201831279349301788
- Schema version
- 2016v3.0
- 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 ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2018-05-07T15:19:10-05:00 | ReturnTs |
| Tax Period End | 2017-06-30 | 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 | 665 Fifth Avenue | AddressLine1Txt |
| City | New York | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10022 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2016-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 133866204 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Manhattan Stratford Arms Inc | BusinessNameLine1Txt |
| Business Name Line2 | C/O American Musical & Dramatic Academy | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MANH | BusinessNameControlTxt |
| Phone | 2127875300 | PhoneNum |
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 |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | david silverman | PersonNm |
| Person Title | Chief Financial Officer | PersonTitleTxt |
| Phone | 2129573331 | PhoneNum |
| Signature | 2018-05-07 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Garrett M Higgins | PreparerPersonNm |
| PTIN | P00543209 | PTIN |
| Phone | 2122862600 | PhoneNum |
| Preparation | 2018-04-04 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2016 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | jan martin | PrincipalOfficerNm |
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) |
|---|---|---|
| Gross Receipts | $2,013,697 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | N/A | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1996 | FormationYr |
| Legal Domicile State | NY | LegalDomicileStateCd |
| Activity Or Mission | To function as a title holding corporation, holding title to real property and remitting any net income from property to its parent, American Musical & Dramatic Academy ("AMDA"). | ActivityOrMissionDesc |
| Voting Members Governing Body | 3 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 1 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 1 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $1,950,000 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $1,950,000 | CYProgramServiceRevenueAmt |
| PY Investment Income | $807 | PYInvestmentIncomeAmt |
| CY Investment Income | $73 | CYInvestmentIncomeAmt |
| PY Other Revenue | -$43,987 | PYOtherRevenueAmt |
| CY Other Revenue | -$55,429 | CYOtherRevenueAmt |
| PY Total Revenue | $1,906,820 | PYTotalRevenueAmt |
| CY Total Revenue | $1,894,644 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $0 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $0 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $2,153,535 | PYOtherExpensesAmt |
| CY Other Expenses | $2,084,674 | CYOtherExpensesAmt |
| PY Total Expenses | $2,153,535 | PYTotalExpensesAmt |
| CY Total Expenses | $2,084,674 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$246,715 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$190,030 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $3,450,283 | TotalAssetsBOYAmt |
| Total Assets EOY | $3,362,081 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $3,023,426 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $3,125,254 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $426,857 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $236,827 | NetAssetsOrFundBalancesEOYAmt |
| Mission | MANHATTAN STRATFORD ARMS, INC. ("STRATFORD") IS AN EXEMPT TITLE HOLDING COMPANY UNDER SECTION 501(C)(2) OF THE INTERNAL REVENUE CODE. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Desc | Stratford is an exempt title holding company that provides housing for more than 300 students enrolled at The American Musical & Dramatic Academy (a related organization). | Desc |
| Described In Section501c3 | 0 | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | 0 | TempOrPermanentEndowmentsInd |
| 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 | 0 | 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 | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| 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 With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| 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 | 0 | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 3 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 0 | EmployeeCnt |
| 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 |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 3 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 1 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (1) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | 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 | 0 | 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 | 0 | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DAVID SILVERMAN - CFO | PersonNm |
| 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 (5 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 | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| Jan R Martin - see sch j o | ||||||||
| President/DIRECTOR | 5.00 | 50.00 | Yes (X) | Yes (X) | $0 | $502,115 | $263,831 | |
| Nancy Sullivan | ||||||||
| secretary/director | 5.00 | 5.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| DAVID D MARTIN - see sch j o | ||||||||
| DIRECTOR | 2.00 | 50.00 | Yes (X) | $0 | $556,363 | $265,192 | ||
| David Silverman | ||||||||
| chief financial officer | 5.00 | 50.00 | Yes (X) | $0 | $358,848 | $91,576 | ||
| daniel torres | ||||||||
| director of facilities | 10.00 | 30.00 | $0 | $156,452 | $8,882 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $0 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $1,573,778 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $629,481 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp
Contractor Name ContractorName
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | US security associates inc | BusinessNameLine1Txt |
Contractor Address ContractorAddress
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7-11 s broadway | AddressLine1Txt |
| City | white plains | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10601 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Services | security services | ServicesDesc |
| Compensation | $139,928 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 1 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Dormitory Revenue | Desc |
| Business | 611310 | BusinessCd |
| Total Revenue Column | $1,950,000 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $1,950,000 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $1,950,000 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $73 | TotalRevenueColumnAmt |
| Exclusion | $73 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $63,624 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $119,053 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | -$55,429 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$55,429 | TotalRevenueColumnAmt |
| Exclusion | -$55,429 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,894,644 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $1,950,000 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | -$55,356 | ExclusionAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,216 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $44,872 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $235,824 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $341,031 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $182,796 | TotalAmt |
Other Expenses OtherExpensesGrp (2 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| allocated salarieS & pa | $1,180,817 |
| Equipment rental & main | $96,118 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,084,674 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $79,843 | BOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,669 | BOYAmt |
| EOY | $7,516 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $7,640 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $18,243 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $7,748,003 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $4,426,147 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,356,795 | BOYAmt |
| EOY | $3,321,856 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,976 | BOYAmt |
| EOY | $6,826 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,450,283 | BOYAmt |
| EOY | $3,362,081 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $42,144 | BOYAmt |
| EOY | $38,152 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,981,282 | BOYAmt |
| EOY | $3,087,102 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,023,426 | BOYAmt |
| EOY | $3,125,254 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $426,857 | BOYAmt |
| EOY | $236,827 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $426,857 | BOYAmt |
| EOY | $236,827 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,450,283 | BOYAmt |
| EOY | $3,362,081 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$190,030 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $0 | 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 | 0 | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $200,000 | OtherCostOrOtherBasisAmt |
| Book Value | $200,000 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,926,249 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,524,258 | DepreciationAmt |
| Book Value | $1,401,991 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $3,625,833 | OtherCostOrOtherBasisAmt |
| Depreciation | $2,141,335 | DepreciationAmt |
| Book Value | $1,484,498 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $995,921 | OtherCostOrOtherBasisAmt |
| Depreciation | $760,554 | DepreciationAmt |
| Book Value | $235,367 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $3,321,856 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| Due to AMDA | $3,078,598 |
| Cash Overdraft | $8,504 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $3,087,102 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $67,670,244 | TotalRevEtcAuditedFinclStmtAmt |
| Other Revenue | $81,624,177 | OtherRevenueAmt |
| Revenue Not Reported | $81,624,177 | RevenueNotReportedAmt |
| Revenue Subtotal | -$13,953,933 | RevenueSubtotalAmt |
| Other Revenues Not Included | $15,848,577 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $15,848,577 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $1,894,644 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $62,396,750 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $60,312,076 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $60,312,076 | ExpensesNotReportedAmt |
| Expenses Subtotal | $2,084,674 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $2,084,674 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part X, Line 2: | The organization recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Management has determined that the organization had no uncertain tax positions that would require financial statement recognition. The organization is no longer subject to examinations by the applicable taxing jurisdictions for periods prior to fiscal year 2014. |
| Part XI, Line 2d - Other Adjustments: | consolidated revenue reported on related entity form 990 81,505,124. RENTAL EXPENSES REPORTED ON PART VIII, LINE 6B 119,053. |
| Part XI, Line 4b - Other Adjustments: | ALLOCATION OF HOUSING REVENUE FROM AMDA, inc. 1,950,000. SCHOLARSHIPS NETTED AGAINST REVENUE REPORTED ON RELATED ENTITY FORM 990 13,898,577. |
| Part XII, Line 2d - Other Adjustments: | CONSOLIDATED EXPENSES INCLUDED ON RELATED ENTITY 990 60,193,023. RENTAL EXPENSES REPORTED ON PART VIII, LINE 6B 119,053. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (4 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Jan R Martin - see sch j o | ||||||||||||||
| President/DIRECTOR | $0 | $422,848 | $0 | $60,000 | $0 | $19,267 | $0 | $250,000 | $0 | $13,831 | $0 | $765,946 | $0 | $0 |
| DAVID D MARTIN - see sch j o | ||||||||||||||
| DIRECTOR | $0 | $477,763 | $0 | $60,000 | $0 | $18,600 | $0 | $250,000 | $0 | $15,192 | $0 | $821,555 | $0 | $0 |
| David Silverman | ||||||||||||||
| chief financial officer | $0 | $295,848 | $0 | $45,000 | $0 | $18,000 | $0 | $49,851 | $0 | $41,725 | $0 | $450,424 | $0 | $0 |
| daniel torres | ||||||||||||||
| director of facilities | $0 | $156,452 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $8,882 | $0 | $165,334 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part I, Line 3 | Manhattan Stratford Arms, Inc. does not provide compensation to any of its Top Management Officials. The salaries paid to the Top management officials reported on Form 990, Part VII are paid by AMDA, Inc., a related organization. Manhattan Stratford Arms, Inc relied on the methods used by AMDA, Inc. in establishing the compensation for its Top Management Officials. The methods used by AMDA, Inc. involved the following: (1) Compensation committee (2) Independent comepnsation consultant (3) Form 990 of other organizations (4) Written employment contract (5) Compensation survey or study and (6) Approval by the board or compensation committee. |
| Part I, Line 4b | David Silverman participated in a supplemental nonqualified plan. A contribution of $49,851 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 40 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 49 years; Jan Martin has been the Executive Director for AMDA for 43 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 1,500 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 $60 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 O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Section A, line 2 | JAN MARTIN, president/director, and david martin, director, HAVE A FAMILY RELATIONSHIP. |
| Form 990, Part VI, Section A, line 8b | MSA does not have any committee with authority to act on behalf of the organization. |
| Form 990, Part VI, Section B, line 11b | Stratford Process for review of the annual form 990 include the following: 1. Each year, our independent auditor prepares a draft of the Form 990, with input from the Chief Financial Officer. 2. The draft is reviewed by the CFO and the President/Executive Director. 3. The draft is reviewed by all members of the Board of Directors. 4. Any necessary changes are sent to the independent auditor to update the form. 5. Once all necessary changes are made and the CFO and President/Executive Director are in agreement with the Board of Directors on the completed 990, it will be signed by the CFO, dated and submitted by the filing deadline. 6. All members of the board of directors must email the CFO to acknowledge the review of the 990 and approve the filing. A verbal approval is acceptable if presented to the CFO or Executive Director. The CFO or President/Executive Director must record the verbal approval as a memo to the file. 7. The CFO prepares a memorandum for the file each year describing the above process, including all email approvals and memos of any verbal approvals. The CFO and President/Executive Director must also include a memo to the file noting they have approved the 990 to be filed. |
| Form 990, Part VI, Section B, line 12c | The officers of Stratford are employees of our related affiliate AMDA. Individuals covered by the Stratford Conflict of Interest Policy are asked to annually disclose to the Chair of the Board of Directors via the AMDA Conflict of Interest Policy Form their interests that could give rise to conflicts of interest. This disclosure could include a list of family members, business or investment holdings, and other transactions or affiliations with businesses and other organizations or those of family members, in which an individual or their family may benefit financially. Individuals covered by the Conflict of Interest Policy are the Board of Directors, Executive Directors, and Chief Financial Officer. For each conflict of interest disclosed to the Chair of the Board of Directors, the Chairman will: 1. Decide no action is necessary. 2. Assure full disclosure to the rest of the Board of Directors and Officers and all covered under the policy. 3. Ask the person to recuse from participation in related discussions or decisions. 4. Ask the person to resign from his or her position. 5. Remove the person from his or her position. The Executive Directors, and Chief Financial Officer will monitor ongoing transactions for conflicts of interest and disclose them to the Chair of the Board of Directors in order to deal with the potential or actual conflicts, whether discovered before or after the transaction has occurred. |
| Form 990, Part VI, Section B, line 15 | (a) and (b): The officers of Manhattan Stratford Arms, Inc. are employees of our related affiliate AMDA, Inc. whose Board of Directors annually approves all compensation for the Executive Director, President and Chief Financial Officer. 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 Fiscal 2017. |
| Form 990, Part VI, Section C, line 19 | The form 990 is posted on guidestar and other similar websites. Stratford makes its governing documents, financial statements and conflict of interest policy available upon request by calling the organization directly or by written request. All request for information are provided either electronically or in hardcopy form. |
| Form 990, Part XII, Line 2c: | The audit committee of American Musical & Dramatic Academy ("AMDA"), its parent entity, assumes responsibility for oversight of MSA's audit of its financial statements and the selection of an independent accountant. This process has not changed from the prior year. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE AMERICAN MUSICAL & DRAMATIC ACADEMY (AMDA) | 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 | 132501829 | EIN |
| Primary Activities | PERFORMING ARTS COLLEGE AND CONSERVATORY | PrimaryActivitiesTxt |
| Legal Domicile State | NY | LegalDomicileStateCd |
| Exempt Code Section | 501(c)(3) | ExemptCodeSectionTxt |
| Public Charity Status | Line 2 | PublicCharityStatusTxt |
| Direct Controlling NA | N/A | DirectControllingNACd |
| Controlled Organization | 0 | 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 |