2017-07-14T15:01:18-05:00 2016-08-31 410746749 CLIFTONLARSONALLEN LLP 610 W GERMANTOWN PIKE STE 400 PLYMOUTH MEETING PA 19462 990 2015-09-01 232707419 THE ROCK SCHOOL FOR DANCE EDUCATION ROCK 2155517010 1101 SOUTH BROAD STREET PHILADELPHIA PA 19147 BOJAN SPASSOFF PRESIDENT & DIRECTOR 2155517010 2017-07-12 1 DAVID JACOBSON P01685411 2156433900 2015 2021-01-29 14:40:06Z BOJAN SPASSOFF 1101 SOUTH BROAD STREET PHILADELPHIA PA 19147 6082650 0 X WWW.THEROCKSCHOOL.ORG X 1992 PA TO PROVIDE THE HIGHEST QUALITY DANCE TRAINING AND EDUCATIONAL INSTRUCTION. 26 24 98 65 0 0 857698 605911 5246685 5196281 10995 4372 102099 110265 6217477 5916829 898621 927737 0 0 2241065 2313362 0 0 284666 2891052 2924231 6030738 6165330 186739 -248501 5692053 5286362 2309674 2141429 3382379 3144933 X THE ROCK SCHOOL FOR DANCE EDUCATION (THE SCHOOL) IS DEDICATED TO PROVIDING THE HIGHEST QUALITY CLASSICAL BALLET AND DANCE TRAINING, WITH AN EMPHASIS ON THE PREPARATION OF GIFTED STUDENTS FOR CAREERS IN DANCE WITH PROFESSIONAL COMPANIES AND EDUCATION INSTITUTIONS. 0 0 1682068 327947 1081664 THE SCHOOL HAS TRAINED DANCERS FOR THE PREMIER COMPANIES OF THE UNITED STATES AS WELL AS EUROPE, ASIA AND BROADWAY. THERE ARE CURRENTLY ROCK SCHOOL DANCERS IN EVERY MAJOR BALLET COMPANY IN THE UNITED STATES AS WELL AS IN COMPANIES ABROAD. THE SCHOOL OFFERS A FULL RANGE OF PROGRAMS FOR ALL AGES. THE ROCK EXPERIENCE INSTILLS IN STUDENTS SELF DISCIPLINE AND AN EAGERNESS TO LEARN AND SUCCEED, ENRICHING THEIR LIVES REGARDLESS OF THE CAREERS THEY ULTIMATELY PURSUE. ANNUAL ENROLLMENT EXCEEDS 1,200 STUDENTS AND SCHOLARSHIPS OF OVER $850,000 ARE AWARDED PER YEAR FOR DANCE, ACADEMICS, RESIDENCY AND OTHER PROGRAMS. 1063245 222384 1735379 SUMMER - THE ROCK SCHOOL BALLET INTENSIVE IS A SELECTIVE, AUDITION-ONLY PROGRAM THAT IMMERSES ASPIRING DANCERS IN A COMPREHENSIVE EXPERIENCE WITH A SUPERIOR PERMANENT AND GUEST FACULTY. APPROXIMATELY 1,400 STUDENTS WORLD-WIDE AUDITION FOR THE PROGRAM THAT TEACHES APPROXIMATELY 450 STUDENTS. 977527 31550 1057962 ROCK WEST - THIS BRANCH SCHOOL HAS LARGE, MOSTLY AVOCATIONAL STUDENT BODY. IT OFFERS A FULL RANGE OF PROGRAMS FOR ALL AGES. ROCK WEST PRODUCES AND DEVELOPS TALENTED STUDENTS FOR ROCK CENTER AS WELL AS MUSICAL THEATER AND JAZZ DANCERS. AS WITH ROCK CENTER, THE ROCK WEST BRANCH SCHOOL EXPERIENCE INSTILLS IN STUDENTS SELF-DISCIPLINE AND AN EAGERNESS TO LEARN, ENRICHING THEIR LIVES REGARDLESS OF THE CAREERS THEY ULTIMATELY PURSUE. 1430213 345856 1321276 ROCK ACADEMICS IS A DAY AND BOARDING PROGRAM FOR GRADES 7 THROUGH 12 AND ATTRACTS A DEDICATED DIVERSE COMMUNITY OF YOUNG DANCERS WHOSE PASSION FOR DANCE IS ENHANCED BY A UNIQUE COLLEGE PREPARATORY CURRICULUM. THE ACCREDITED PROGRAM PROVIDES FLEXIBILITY IN SCHEDULING AND INDIVIDUAL SUPPORT AS WELL AS DUAL PREPARATION FOR ARTISTIC CAREERS AND HIGHER EDUCATION. STUDENTS MOVE FORWARD AT A PACE CUSTOMIZED TO THEIR INDIVIDUAL NEEDS AND ABILITIES AND CAN EARN BOTH HIGH SCHOOL AND COLLEGE CREDITS, CRITICAL TO YOUNG ARTISTS WHO OFTEN SPEND THEIR COLLEGE YEARS IN PROFESSIONAL COMPANIES. ROCK ACADEMICS HAS SEEN SEVERAL MERIT SCHOLARS AS WELL AS THREE PRESIDENTIAL SCHOLARS, INCLUDING ONE THIS YEAR.THE RESIDENCE IS LOCATED IN THE MARINE CLUB APARTMENT/CONDOS DIRECTLY ACROSS THE STREET FROM ROCK CENTER DANCE BUILDING, OCCUPYING 17 APARTMENTS ON ONE FLOOR. THE RESIDENCE DIRECTOR AND RESIDENCE ASSOCIATES LIVE ON THE FLOOR WITH THE STUDENTS, PROVIDING 24 HOUR CARE FOR EACH STUDENT, ENSURING THAT STUDENTS ARE WELL SUPPORTED WHILE LIVING AWAY FROM HOME. THE MARINE CLUB PROVIDES 24 HOUR SECURITY. THE RESIDENCE TEAM, SCHOOL DIRECTORS, DIRECTOR OF STUDENT AFFAIRS, AND BOARD OF TRUSTEES WORK TOGETHER TO PLAN EXCITING, EDUCATIONAL AS WELL AS FUN EVENTS AND ACTIVITIES FOR STUDENTS. STUDENTS HAIL FROM GREATER PHILADELPHIA, ACROSS THE UNITED STATES, CANADA, JAPAN, CHINA, AUSTRALIA, FRANCE, RUSSIA, SWITZERLAND, ISRAEL AND LATIN AMERICA.ROCK REACH IS A MULTIFACETED ARTS EDUCATION PROGRAM THAT PROVIDES IN-SCHOOL AND AFTER-SCHOOL DANCE TRAINING, PHYSICAL FITNESS AND ACTIVITIES DESIGNED TO INSPIRE AND MOTIVATE INNER CITY, AT-RISK YOUTH TO ENGAGE IN THEIR ACADEMICS, DEVELOP THEIR AWARENESS OF FUTURE OPPORTUNITIES, AND CHANNEL THEIR MENTAL AND PHYSICAL ENERGY INTO POSITIVE AND CONSTRUCTIVE ACTION. ROCK REACH ACHIEVES IT GOALS BY IMPLEMENTING: 1. RESIDENCIES AT 20+ PUBLIC SCHOOLS 2. REACHING 15,000 INNER CITY CHILDREN THROUGH ITS DYNAMICS OF DANCE PROGRAM. THIS PROGRAM INCLUDES A WIDE VARIETY OF LECTURE DEMONSTRATIONS AND A FULL ARRAY OF REPERTOIRE PIECES. 3. GIVES 30-40 TALENTED YOUTH FROM FAMILIES IN GREAT NEED THE OPPORTUNITY TO STUDY AND TRAIN SEVERAL TIMES A WEEK, EXPANDING AS NEAR PROFESSIONAL POTENTIAL TO AS MANY AS 25 HOURS PER WEEK. 1430213 345856 1321276 5153053 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 1 74 0 98 1 0 0 0 0 0 1 1 0 0 0 0 X 26 24 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X X BOJAN SPASSOFF 2155517010 1101 SOUTH BROAD STREET PHILADELPHIA PA 19147 BOJAN SPASSOFF DIRECTOR & PRESIDENT 40.00 X X 132152 0 1643 STEPHANIE WOLF SPASSOFF DIRECTOR 40.00 X 63061 0 145 ROBERT L ABRAMOWITZ TRUSTEE 1.00 X 0 0 0 NANCY S BRODIE TREASURER 1.00 X X 0 0 0 LOUISE ENI TRUSTEE 1.00 X 0 0 0 LIZA HERZOG TRUSTEE 1.00 X 0 0 0 JOHN HYMAN TRUSTEE 1.00 X 0 0 0 LEROY KEAN SECRETARY 1.00 X X 0 0 0 WARREN KUO TRUSTEE 1.00 X 0 0 0 RONALD NAPLES VICE CHAIRMAN 1.00 X X 0 0 0 ROBERT ROCK VICE CHAIRMAN 1.00 1.00 X X 0 0 0 JEANNE SCANDURA TRUSTEE 1.00 X 0 0 0 KIMBERLY HALLMAN TRUSTEE 1.00 X 0 0 0 VICTORIA KAPLAN TRUSTEE 1.00 X 0 0 0 BRUCE JAY GOULD TRUSTEE 1.00 X 0 0 0 LORRAINE STANHOPE HIRSCHBERG TRUSTEE 1.00 X 0 0 0 REBECCA OHLER TRUSTEE 1.00 X 0 0 0 MOLLIE B PLOTKIN TRUSTEE 1.00 X 0 0 0 CARLA IDA ROCK TRUSTEE 1.00 X 0 0 0 SUSANNA M BROWN TRUSTEE 1.00 X 0 0 0 CLARE PUTNAM POZOS TRUSTEE 1.00 X 0 0 0 MADELYN E BULLARD TRUSTEE 1.00 X 0 0 0 KIMBERLY WHEELER GOODMAN TRUSTEE 1.00 X 0 0 0 MARTY JANOWIECKI TRUSTEE 1.00 X 0 0 0 JAN-MARIE KURDIN TRUSTEE 1.00 X 0 0 0 CHRISTOPHER RAPHAELY CHAIRMAN 1.00 X X 0 0 0 195213 0 1788 1 0 0 0 MARINE CLUB APARTMENTS 1100 SOUTH BROAD STREET PHILADELPHIA PA 19146 STUDENT HOUSING 285691 GOSHEN EQUITIES 17000 HORIZON WAY SUITE 100 MT LAUREL NJ 08054 ROCK WEST LEASE 214321 CABRINI COLLEGE 610 KING OF PRUSSIA ROAD RADNOR PA 19087 SUMMER PROGRAM 140817 US FOODS PO BOX 820050 PHILADELPHIA PA 19182 FOOD SUPPLIER- CAFE 125892 YOUR PART TIME CONTROLLER 1500 WALNUT STREET SUITE 1200 PHILADELPHIA PA 19102 ACCOUNTING AND BOOKKEEPING 113638 6 181534 65604 358773 605911 TUITION 611600 2749296 2749296 HOUSING AND OTHER STUD 611600 1929824 1929824 COACHING/COMPETITION 611600 218269 218269 PERFORMANCE AND TICKET 611600 192596 192596 REGISTRATION FEES 611600 59951 59951 46345 46345 5196281 4372 4372 11812 0 11812 11812 11812 113320 181534 75198 38122 38122 80576 90623 -10047 -10047 INTEREST FORGIVEN 611600 60872 60872 MISCELLANEOUS INCOME 611600 9506 9506 70378 5916829 5196281 0 114637 927737 927737 184605 147684 27691 9230 1882964 1579958 118215 184791 100759 83432 6740 10587 145034 120087 10625 14322 21938 21938 122102 122102 12150 12150 6819 4351 2468 64958 45026 14786 5146 77962 62370 7796 7796 270595 189416 59531 21648 267070 186949 58755 21366 96712 71305 18632 6775 STUDENT HOUSING AND MEA 521204 521204 SUMMER PROGRAMS 493347 493347 PERFORMANCE EXPENSE 258092 258092 ROCK DANCE PROGRAMS 231455 188827 42628 0 479827 273268 206022 537 6165330 5153053 727611 284666 426121 357001 321059 193794 138073 102250 5500 6440 79429 67105 56411 23190 7807845 3688573 4260600 4119272 291233 304483 92577 92577 21050 20250 5692053 5286362 199890 223496 301010 296955 1133785 1106047 424000 412000 250989 102931 2309674 2141429 X 2854693 2682117 399433 334563 128253 128253 3382379 3144933 5692053 5286362 -248501 11055 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 291233 13250 304483 297632 -6399 291233 243241 6000 48391 297632 212686 8000 22555 243241 192624 6000 14062 212686 0.42000 0.58000 1 0 450000 450000 5205904 1879258 3326646 256938 251794 5144 1632667 1403739 228928 262336 153782 108554 4119272 DEFERRED RENT AND DEPOSITS 102931 102931 X 5221749 11055 50906 165821 227782 4993967 922862 922862 5916829 5459195 50906 165821 216727 5242468 922862 922862 6165330 PART V, LINE 4: YUDENICH SCHOLARSHIP TO BENEFIT MALE DANCERS PART X, LINE 2: THE SCHOOL IS RECOGNIZED AS AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986. THE SCHOOL FOLLOWS THE INCOME TAX STANDARD FOR UNCERTAIN TAX POSITIONS. THIS STANDARD HAD NO EFFECT ON THE SCHOOL'S FINANCIAL STATEMENTS. THE SCHOOL'S INFORMATIONAL TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL, STATE, AND LOCAL AUTHORITIES. THE SCHOOL IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE ITS TAX-EXEMPT STATUS. PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECTLY RELATED FUNDRAISING EXPENSE 75,198. MERCHANDISE COST OF GOODS SOLD 90,623. PART XI, LINE 4B - OTHER ADJUSTMENTS: RECLASS STUDENT SCHOLARSHIPS AND OTHER DISCOUNTS 922,862. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECTLY RELATED FUNDRAISING EXPENSE 75,198. MERCHANDISE COST OF GOODS SOLD 90,623. PART XII, LINE 4B - OTHER ADJUSTMENTS: RECLASS STUDENT SCHOLARSHIPS AND OTHER DISCOUNTS 922,862. PART V LINE 4 PART V, ENDOWMENT FUNDS, LINE 4: PROVIDE FINANCIAL ASSISTANCE TO A MALE DANCE STUDENT IN ACCORDANCE WITH THE ALEXEI YUDENICH SCHOLARSHIP FUND AGREEMENT. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 ADVERTISEMENTS AND ARTICLES ABOUT THE SCHOOL WHICH APPEAR IN THE MEDIA DURING THE PERIOD OF SOLICITATION FOR STUDENTS INCLUDE A STATEMENT OF ITS RACIALLY NONDISCRIMINATORY POLICY. SCHEDULE E, PART I, LINE 6 GRANTS FROM PHILADELPHIA, STATE, AND FEDERAL AGENCIES GALA EVENT 294854 181534 113320 1092 28271 45835 294854 181534 113320 1092 28271 45835 75198 38122 1 SCHOLARSHIPS TO STUDENTS 264 927737 FMV N/A PART I, LINE 2: SCHOLARSHIPS ARE GRANTED TO ELIGIBLE STUDENTS. THE SCHOOL CLOSELY MONITORS ALL GRANT FUNDS AND DISBURSES TO STUDENTS BASED ON THE SCHOOL'S ELIGIBILTY REQUIREMENTS. THE MILTON L AND SHIRLEY ROCK FOUNDATION 1 BOARD MEMBER AND 1 STAFF ARE OFFICERS OF THE FOUNDATION 912000 NOTES PAYABLE AND LONG TERM DEBT DUE TO FOUNDATION 0 THE MILTON L AND SHIRLEY ROCK FOUNDATION 1 BOARD MEMBER AND 1 STAFF ARE OFFICERS OF THE FOUNDATION 60872 INTEREST FORGIVEN ON LONG TERM DEBT 0 FORM 990, PART VI, SECTION A, LINE 2 THE FOLLOWING PEOPLE HAVE A FAMILY RELATIONSHIP: BOJAN SPASSOFF- PRESIDENT/DIRECTOR STEPHANIE WOLF SPASSOFF- DIRECTOR CARO U. ROCK- CHAIRMAN CONSTANCE W. BENOLIEL-ROCK- CHAIRMAN EMERITUS ROBERT ROCK- VICE CHAIRMAN SUSAN ROCK- DEVELOPMENT & COMMUNITY RELATIONS DIRECTOR ALEXANDER SPASSOFF - DESIGN AND MARKETING MANAGER FORM 990, PART VI, SECTION B, LINE 11 THE FINANCE COMMITTEE WILL REVIEW AND APPROVE THE 990 BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE SCHOOL EXPECTS OUR EMPLOYEES TO CONDUCT BUSINESS ACCORDING TO THE HIGHEST ETHICAL STANDARDS OF CONDUCT. EMPLOYEES ARE EXPECTED TO DEVOTE THEIR BEST EFFORTS TO THE INTERESTS OF THE SCHOOL. BUSINESS DEALINGS THAT APPEAR TO CREATE A CONFLICT BETWEEN THE INTERESTS OF THE SCHOOL AND AN EMPLOYEE ARE UNACCEPTABLE. THE SCHOOL RECOGNIZES THE RIGHT OF THE EMPLOYEES TO ENGAGE IN ACTIVITIES OUTSIDE OF THEIR EMPLOYMENT WHICH ARE OF A PRIVATE NATURE AND UNRELATED TO OUR BUSINESS. HOWEVER, THE EMPLOYEE MUST DISCLOSE ANY POSSIBLE CONFLICTS SO THAT THE SCHOOL MAY ASSESS AND PREVENT POTENTIAL CONFLICTS OF INTEREST FROM ARISING. A POTENTIAL OR ACTUAL CONFLICT OF INTEREST OCCURS WHENEVER AN EMPLOYEE IS IN A POSITION TO INFLUENCE A DECISION THAT MAY RESULT IN A PERSONAL GAIN FOR THE EMPLOYEE OR AN IMMEDIATE FAMILY MEMBER (I.E. A SPOUSE OR SIGNIFICANT OTHER, CHILDREN, PARENTS, SIBLINGS) AS A RESULT OF THE SCHOOL'S BUSINESS DEALINGS. ALTHOUGH IT IS NOT POSSIBLE TO SPECIFY EVERY ACTION THAT MIGHT CREATE A CONFLICT OF INTEREST, THIS POLICY SETS FORTH THOSE THAT MOST FREQUENTLY PRESENT PROBLEMS. IF AN EMPLOYEE HAS ANY QUESTIONS WHETHER AN ACTION OF PROPOSED COURSE OF CONDUCT WOULD CREATE A CONFLICT OF INTEREST, HE OR SHE SHOULD IMMEDIATELY CONTACT THE DIRECTORS OF THE SCHOOL TO OBTAIN ADVICE ON THE ISSUE. THE PURPOSE OF THIS POLICY IS TO PROTECT EMPLOYEES FROM ANY CONFLICT OF INTEREST THAT MIGHT ARISE. A VIOLATION OF THIS POLICY WILL RESULT IN IMMEDIATE AND APPROPRIATE DISCIPLINE, UP TO AND INCLUDING IMMEDIATE TERMINATION. PERSPECTIVE BOARD MEMBERS ARE INFORMED THAT THERE SHOULD BE NO CONFLICT OF INTEREST PRIOR TO AGREEING TO ASSUMING BOARD MEMBER POSITION. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE OF THE SCHOOL'S BOARD OF TRUSTEES, COMPRISED OF THREE INDEPENDENT TRUSTEES, MANAGES THE PROCESS FOR DETERMINING THE COMPENSATION OF THE EXECUTIVE DIRECTOR, CO-DIRECTORS, OTHER OFFICERS, AND KEY EMPLOYEES. THE BOARD ANNUALLY REVIEWS PRESIDENT/DIRECTOR & DIRECTOR COMPENSATION. THIS COMMITTEE USES COMPARABLES OF SIMILAR ARTISTIC ORGANIZATIONS ALONG WITH ECONOMIC AND BUDGETARY CONSIDERATIONS TO DETERMINE COMPENSATION LEVELS INCLUDING SALARIES, BONUS OPPORTUNITIES, AND BENEFITS. BONUSES ARE PAID BASED ON PERFORMANCE MEASURED AGAINST FINANCIAL, ORGANIZATIONAL, AND ARTISTIC OBJECTIVES. THE COMPENSATION COMMITTEE MAKES ITS RECOMMENDATION TO THE EXECUTIVE COMMITTEE OF THE BOARD FOR REVIEW AND APPROVAL. THIS PROCESS WAS MOST RECENTLY CONDUCTED IN 2014. FORM 990, PART VI, SECTION C, LINE 19 THE FINANCIAL STATEMENTS OF THE SCHOOL ARE AVAILABLE ON THE PA CDP WEBSITE. MILTON AND SHIRLEY ROCK FOUNDATION 1845 WALNUT STREET SUITE 900 PHILADELPHIA PA 19103 222670682 LOAN PA PF N/A 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0