MANHATTAN STRATFORD ARMS INC: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- MANHATTAN STRATFORD ARMS INC (EIN 13-3866204)
- Tax period
- 2012-07-01 to 2013-06-30
- Filed
- 2014-05-15
- IRS object ID
- 201411359349307026
- Schema version
- 2012v2.1
- 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) |
|---|---|---|
| Timestamp | 2014-05-15T14:26:54-05:00 | Timestamp |
| Tax Period End Date | 2013-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 271728945 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | O'CONNOR DAVIES LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 665 FIFTH AVENUE | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10022 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 133866204 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MANHATTAN STRATFORD ARMS INC | BusinessNameLine1 |
| Business Name Line2 | C/O AMERICAN MUSICAL & DRAMATIC ACADEMY | BusinessNameLine2 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | MANH | NameControl |
| Phone | 2127875300 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 211 WEST 61ST STREET 3RD FLOOR | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10023 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | DAVID SILVERMAN | Name |
| Title | CHIEF FINANCIAL OFFICER | Title |
| Phone | 2129573331 | Phone |
| Date Signed | 2014-05-15 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | GARRETT M HIGGINS | Name |
| PTIN | P00543209 | PTIN |
| Phone | 2122862600 | Phone |
| Date Prepared | 2014-05-15 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | JAN MARTIN | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 211 WEST 61ST STREET 3RD FLOOR | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10023 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 2164796 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | N/A | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1996 | YearFormation |
| State Legal Domicile | NY | StateLegalDomicile |
| Activity Or Mission Description | 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"). | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 3 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 1 | NbrIndependentVotingMembers |
| Total Nbr Employees | 0 | TotalNbrEmployees |
| Total Nbr Volunteers | 1 | TotalNbrVolunteers |
| Total Gross UBI | -57439 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 1950000 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 1950000 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 865 | InvestmentIncomePriorYear |
| Investment Income Current Year | 92 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | -110834 | OtherRevenuePriorYear |
| Other Revenue Current Year | -57053 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 1840031 | TotalRevenuePriorYear |
| Total Revenue Current Year | 1893039 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 0 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 0 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 1845249 | OtherExpensePriorYear |
| Other Expenses Current Year | 1780691 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 1845249 | TotalExpensesPriorYear |
| Total Expenses Current Year | 1780691 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -5218 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 112348 | RevenuesLessExpensesCY |
| Total Assets BOY | 3113131 | TotalAssetsBOY |
| Total Assets EOY | 3176100 | TotalAssetsEOY |
| Total Liabilities BOY | 2396975 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 2347596 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 716156 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 828504 | NetAssetsOrFundBalancesEOY |
| Mission Description | MANHATTAN STRATFORD ARMS, INC. ("STRATFORD") IS AN EXEMPT TITLE HOLDING COMPANY UNDER SECTION 501(C)(2) OF THE INTERNAL REVENUE CODE. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Description | 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). | Description |
| Described In501 C3 | 0 | DescribedIn501C3 |
| Schedule B Required | 0 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 1 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 0 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 1 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Info In Schedule O Part V | X | InfoInScheduleOPartV |
| Number Forms Transmitted With1096 | 1 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 0 | NumberOfEmployees |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 0 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 3 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 1 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 1 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 0 | CompensationProcessCEO |
| Compensation Process Other | 0 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | NY | StatesWhereCopyOfReturnIsFiled |
| Other Website | X | OtherWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | DAVID SILVERMAN - CFO | NamePerson |
| Telephone Number | 2127875300 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 211 WEST 61ST STREET | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10023 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | X | InfoInScheduleOPartVII |
Form990 Part VII Section A Form990PartVIISectionA (5 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Average Hours Per Week RelatedAverageHoursPerWeekRelated | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|
| JAN R MARTIN - SEE SCH J O | ||||||||
| PRESIDENT/DIRECTOR | 5.00 | 50.00 | X | X | 0 | 1406065 | 676708 | |
| DAVID D MARTIN - SEE SCH J O | ||||||||
| DIRECTOR | 2.00 | 50.00 | X | 0 | 1556490 | 766130 | ||
| NANCY SULLIVAN | ||||||||
| SECRETARY/DIRECTOR | 5.00 | 5.00 | X | X | 0 | 0 | 0 | |
| DAVID SILVERMAN | ||||||||
| CHIEF FINANCIAL OFFICER | 5.00 | 50.00 | X | 0 | 285691 | 52879 | ||
| DANIEL TORRES | ||||||||
| DIRECTOR OF FACILITIES | 10.00 | 30.00 | 0 | 129400 | 1354 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 0 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 3377646 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 1497071 | TotalOtherCompensation |
| Number Individuals GT100 K | 0 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation
Name Of Contractor NameOfContractor
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | US SECURITY ASSOCIATES INC | BusinessNameLine1 |
Address Of Contractor AddressOfContractor
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7-11 S BROADWAY | AddressLine1 |
| City | WHITE PLAINS | City |
| State | NY | State |
| ZIP Code | 10601 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description Of Services | SECURITY SERVICES | DescriptionOfServices |
| Compensation | 113419 | Compensation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 1 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | DORMITORY REVENUE | Description |
| Business Code | 611310 | BusinessCode |
| Total Revenue Column | 1950000 | TotalRevenueColumn |
| Related Or Exempt Function Income | 1950000 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 1950000 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 92 | TotalRevenueColumn |
| Exclusion | $92 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 214318 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 271757 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | -57439 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -57439 | TotalRevenueColumn |
| Unrelated Business Revenue | -57439 | UnrelatedBusinessRevenue |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | VENDING MACHINE | Description |
| Business Code | 900099 | BusinessCode |
| Total Revenue Column | 386 | TotalRevenueColumn |
| Exclusion | $386 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 386 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1893039 | TotalRevenueColumn |
| Related Or Exempt Function Income | 1950000 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | -57439 | UnrelatedBusinessRevenue |
| Exclusion | $478 | ExclusionAmount |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 405 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 30639 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 161774 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 312730 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 171425 | Total |
Other Expenses OtherExpenses (2 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| ALLOCATED SALARIES & PA | 1004552 |
| EQUIPMENT RENTAL & MAIN | 99166 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1780691 | Total |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6403 | BOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 357 | BOY |
| EOY | 1513 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 50389 | BOY |
| EOY | 55845 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 6763702 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 3661972 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3037714 | BOY |
| EOY | 3101730 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 18268 | BOY |
| EOY | 17012 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3113131 | BOY |
| EOY | 3176100 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 54082 | BOY |
| EOY | 37288 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 14000 | BOY |
| EOY | 800 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2328893 | BOY |
| EOY | 2309508 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2396975 | BOY |
| EOY | 2347596 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 716156 | BOY |
| EOY | 828504 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 716156 | BOY |
| EOY | 828504 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3113131 | BOY |
| EOY | 3176100 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | 112348 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 0 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 1 | AuditCommittee |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 0 | AgentTrusteeEtc |
| Included On FS | 1 | IncludedOnFS |
| Explanation In Part XIII | X | ExplanationInPartXIII |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 200000 | OtherCostOrOtherBasis |
| Book Value | 200000 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2926249 | OtherCostOrOtherBasis |
| Depreciation | 1227929 | Depreciation |
| Book Value | 1698320 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2861426 | OtherCostOrOtherBasis |
| Depreciation | 2028379 | Depreciation |
| Book Value | 833047 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 776027 | OtherCostOrOtherBasis |
| Depreciation | 405664 | Depreciation |
| Book Value | 370363 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 3101730 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| DUE TO AMDA | $2,291,472 |
| CASH OVERDRAFT | $18,036 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 2309508 | TotalOfAmounts |
| Footnote In Part XIII | X | FootnoteInPartXIII |
| Tot Revenue Etc Audited Fincl Stmt | 47729261 | TotRevenueEtcAuditedFinclStmt |
| Other Revenues | 57559201 | OtherRevenues |
| Revenue Not Rptd F990 | 57559201 | RevenueNotRptdF990 |
| Revenue Subtotal | -9829940 | RevenueSubtotal |
| Other Revenues Not Included | 11722979 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 11722979 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 1893039 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 46082465 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 44301774 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 44301774 | ExpensesNotRptdF990 |
| Expenses Subtotal | 1780691 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 1780691 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (5 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| PART IV, LINE 2B: | MSA HOLD SECURITY DEPOSITS TOTALING $800 ON A LEASE FOR USE OF ITS HOUSING AND STUDIO SPACE. THE FUNDS ARE RETURNED AT THE END OF THE LEASE OR ARE TO BE USED TO BE APPLIED TO DAMAGES OF THE SPACE, IF ANY, OR NON-PAYMENT OF RENT. NONE OF THE SECURITY DEPOSITS ARE INTEREST BEARING, NOR ARE REQUIRED TO BE IN A SEGREGATED BANK ACCOUNT. | |
| 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 2010. | DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: |
| CONSOLIDATED REVENUE REPORTED ON RELATED ENTITY FORM 990 57,287,444. RENTAL EXPENSES REPORTED ON PART VIII, LINE 6B 271,757. | PART XI, LINE 2D - OTHER ADJUSTMENTS: | |
| ALLOCATION OF HOUSING REVENUE FROM AMDA, INC. 1,950,000. SCHOLARSHIPS NETTED AGAINST REVENUE REPORTED ON RELATED ENTITY FORM 990 9,772,979. | PART XI, LINE 4B - OTHER ADJUSTMENTS: | |
| CONSOLIDATED EXPENSES INCLUDED ON RELATED ENTITY 990 44,030,017. RENTAL EXPENSES REPORTED ON PART VIII, LINE 6B 271,757. | PART XII, LINE 2D - OTHER ADJUSTMENTS: |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 1 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
Form990 Schedule J Part II Form990ScheduleJPartII (3 entries)
| TitleTitle | Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| JAN R MARTIN - SEE SCH J O | ||||||||||||||
| PRESIDENT/DIRECTOR | 0 | 460796 | 0 | 325000 | 0 | 620269 | 0 | 666244 | 0 | 10464 | 0 | 2082773 | 0 | 917542 |
| DAVID D MARTIN - SEE SCH J O | ||||||||||||||
| DIRECTOR | 0 | 535796 | 0 | 325000 | 0 | 695694 | 0 | 755218 | 0 | 10912 | 0 | 2322620 | 0 | 1003094 |
| DAVID SILVERMAN | ||||||||||||||
| CHIEF FINANCIAL OFFICER | 0 | 243691 | 0 | 25000 | 0 | 17000 | 0 | 25000 | 0 | 27879 | 0 | 338570 | 0 | 25000 |
Form990 Schedule J Part III Form990ScheduleJPartIII (2 entries)
| Return ReferenceReturnReference | ExplanationExplanation |
|---|---|
| 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 MARTIN AND JAN MARTIN PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. IN 2012, DAVID RECEIVED A PAYMENT OF $678,094 AND JAN RECEIVED A PAYMENT OF $592,542 IN THEIR 2012 W-2 FROM THE PLAN. KEY NOTES REGARDING THE SUPPLEMENTAL EXECUTIVE RETIREMENT BONUS ARE AS FOLLOWS: 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 47 YEARS; JAN MARTIN HAS BEEN THE EXECUTIVE DIRECTOR FOR AMDA FOR 41 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 1,300 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 $100 MILLION DOLLARS AND AMDA HAS ANNUAL REVENUE OF OVER $50 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. THE MARTINS ARE ALSO IN THE DOCUMENTATION STAGE OF DONATING RESIDENTIAL PROPERTY TO AMDA. NOTE REGARDING PART VII, COLUMN D: THE DOLLAR AMOUNTS LISTED INCLUDE NOT ONLY BASE SALARY AND THE FIRST PAYMENT OF THE SERP RETIREMENT BONUS, BUT ALSO INCLUDE RETROACTIVE DELAYED PAYMENTS FROM 2011. REGARDING PART VII, COLUMN F, THE DOLLAR AMOUNTS LISTED WERE AWARDED AS OF JUNE 30, 2013, AND NOT PAID UNTIL MARCH 2014. |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (8 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| EXPLANATION FOR NOT FILING FORM 990-T | FORM 990, PART V, LINE 3B | AMERICAN MUSICAL AND DRAMATIC ACADEMY (AMDA), OUR RELATED AFFILIATE HAS FILED A CONSOLIDATED 2012 FORM 990-T, EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN TO INCLUDE MANHATTAN STRAFORD ARMS, INC ("STRATFORD") AS AN INCLUDIBLE CORPORATION FOR PURPOSES OF SECTION 1504(A). STRATFORD MEETS THE DEFINITON OF AN AFFILIATED GROUP AND THE OTHER PROVISIONS OF CHAPTER 6 OF THE CODE AND IS THEREFORE ALLOWED TO FILE A CONSOLIDATED FORM 990-T WITH ITS AFFILIATE EXEMPT ORGANIZATION AMDA. |
| 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 B, LINE 11 | 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 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 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 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 EXECUTIVE DIRECTOR MUST ALL 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 AMDA'S 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. | |
| (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 DIRECTORS, CHIEF FINANCIAL OFFICER AND CHIEF OPERATING 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. THSI PROCESS WAS LAST UNDERTAKEN IN FISCAL 2013. | ||
| FORM 990, PART VI, SECTION C, LINE 19 | STRATFORD MAKES CERTAIN DOCUMENTS AVAILABLE THROUGH GUIDESTAR.ORG AND AVAILABLE UPON REQUEST BY CALLING THE ORGANIZATION DIRECTLY OR BY WRITTEN REQUEST. ALL REQUEST FOR INFORMATION ARE PROVIDED EITHER ELECTRONICALLY OR IN HARDCOPY FORM. | |
| AMOUNTS REPORTED IN PART VII - COMPENSATION OF OFFICERS, DIRECTORS, COLUMN | KEY NOTES REGARDING THE SUPPLEMENTAL EXECUTIVE RETIREMENT BONUS ARE AS FOLLOWS: 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 47 YEARS; JAN MARTIN HAS BEEN THE EXECUTIVE DIRECTOR FOR AMDA FOR 41 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 1,300 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 $100 MILLION DOLLARS AND AMDA HAS ANNUAL REVENUE OF OVER $50 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. THE MARTINS ARE ALSO IN THE DOCUMENTATION STAGE OF DONATING RESIDENTIAL PROPERTY TO AMDA. NOTE REGARDING PART VII, COLUMN D: THE DOLLAR AMOUNTS LISTED INCLUDE NOT ONLY BASE SALARY AND THE FIRST PAYMENT OF THE SERP RETIREMENT BONUS, BUT ALSO INCLUDE RETROACTIVE DELAYED PAYMENTS FROM 2011. REGARDING PART VII, COLUMN F, THE DOLLAR AMOUNTS LISTED WERE AWARDED AS OF JUNE 30, 2013, AND NOT PAID UNTIL MARCH 2014. | |
| 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. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE AMERICAN MUSICAL & DRAMATIC ACADEMY (AMDA) | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 211 WEST 61ST STREET 3RD FLOOR | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10023 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 132501829 | EIN |
| Primary Activities | PERFORMING ARTS COLLEGE AND CONSERVATORY | PrimaryActivities |
| Legal Domicile State | NY | LegalDomicileState |
| Exempt Code Section | 501(C)(3) | ExemptCodeSection |
| Public Charity Status | 2 | PublicCharityStatus |
| Direct Controlling Entity NA | N/A | DirectControllingEntityNA |
| Controlled Org | 0 | ControlledOrg |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 1 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 1 | LoansOrGuaranteesFromOtherOrg |
| Dividends Related Organization | 0 | DividendsRelatedOrganization |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 1 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 1 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 1 | OtherTransferFromOtherOrg |