2013-07-11T11:55:56-05:00 2012-08-31 410746749 CLIFTONLARSONALLEN LLP 610 WEST GERMANTOWN PIKE SUITE 400 PLYMOUTH MEETING PA 19462 990 2011-09-01 232707419 THE ROCK SCHOOL FOR DANCE EDUCATION ROCK 2155517010 1101 SOUTH BROAD STREET PHILADELPHIA PA 19147 BOJAN SPASSOFF 2155517010 2013-07-10 1 STEVE ROSA CPA P00079667 2156433900 2011 2016-02-24 21:20:13Z BOJAN SPASSOFF 1101 SOUTH BROAD STREET PHILADELPHIA PA 19147 4980974 0 X WWW.THEROCKSCHOOL.ORG X 1992 PA TO PROVIDE THE HIGHEST QUALITY DANCE TRAINING AND EDUCATIONAL INSTRUCTION. 30 22 92 53 0 0 694574 554295 3814401 4203054 5360 5199 82972 95512 4597307 4858060 704106 784154 0 0 1723671 1712563 0 0 272924 2422927 2611683 4850704 5108400 -253397 -250340 5302978 5111117 2318463 2367874 2984515 2743243 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 1162765 1021357 DANCE PROGRAM- THE SCHOOL HAS DEVELOPED DANCERS FOR THE PREMIERE COMPANIES OF THE UNITED STATES AS WELL AS A HOST OF OTHER INTERNATIONALLY KNOWN BALLET COMPANIES IN EUROPE AND ASIA. IT OFFERS A FULL RANGE OF PROGRAMS FOR ALL AGES. THE ROCK SCHOOL EXPERIENCE INSTILLS IN STUDENTS SELF-DISCIPLINE AND AN EAGERNESS TO LEARN, ENRICHING THEIR LIVES REGARDLESS OF THE CAREERS THEY ULTIMATELY PURSUE. 775977 1393768 SUMMER - THE ROCK SCHOOL BALLET INTENSIVE IS A SELECTIVE, AUDITION-ONLY PROGRAM THAT IMMERSES THE ASPIRING DANCER IN A 2,4, OR 6 WEEK BALLET PROGRAM WITH THE TALENTED ROCK SCHOOL FACULTY AS WELL AS OUTSTANDING GUEST FACULTY. 793733 611545 RESIDENCY- THE ROCK SCHOOL RESIDENCE IS LOCATED IN THE MARINE CLUB APARTMENT BUILDING DIRECTLY ACROSS THE STREET FROM THE ROCK CENTER, OCCUPYING SIXTEEN APARTMENTS ON ONE FLOOR. THE RESIDENCE DIRECTOR AND ASSISTANTS, WHO LIVE ON THE FLOOR WITH THE STUDENTS, PROVIDE 24 HOUR CARE FOR EACH STUDENT ON AN INDIVIDUAL BASIS, ENSURING STUDENTS ARE WELL SUPPORTED WHILE LIVING AWAY FROM HOME. THE RESIDENCE DIRECTOR, DEAN, SCHOOL DIRECTORS AND BOARD OF TRUSTESS WORK TOGETHER TO PLAN EXCITING, EDUCATION AND/OR FUN EVENTS AND ACTIVITIES FOR THE STUDENTS. 1096435 1176384 ROCK REACH- ROCK REACH IS A MULTI-FACETED ARTS EDUCATION PROGRAM THAT PROVIDES AFTER-SCHOOL ACTIVITIES DESIGNED TO INSPIRE AND MOTIVATE INNER CITY, AT-RISK YOUTH TO ENGAGE IN THEIR ACADEMICS, DEVELOP THEIR AWARENESS OF FUTURE OPORTUNITIES, AND CHANNEL THEIR MENTAL AND PHYSICAL ENERGY INTO POSITIVE AND CONSTRUCTIVE ACTION. ROCK REACH ACHIEVES ITS GOALS BY IMPLEMENTING: 1. RESIDENCIES AT 4 PUBLIC SCHOOLS 2. REACHING 5,000 INNER CITY CHILDREN THROUGH DYNAMICS OF DANCE PROGRAM. THIS PROGRAM INCLUDES WIDE LECTURE DEMONSTRATIONS AND A FULL ARRAY OF REPERTOIRE PIECES. 3. PROVIDES FREE LONG-TERM , AFTER-SCHOOL DANCE TRAINING TO 25-30 INNER-CITY CHILDREN FROM LOW INCOME FAMILIES. RAPA- THE ROCK ACADEMIC PROGRAM ALLIANCE (RAPA), A DAY AND BOARDING PROGRAM FOR GRADES NINE THROUGH TWELVE, ATTRACTS A DEDICATED, DIVERSE COMMUNITY OF YOUNG DANCERS WHOSE PASSION FOR DANCE IS ENHANCED BY A UNIQUE COLLEGE PREPARATORY CURRICULUM. THE ACCREDITED PROGRAM PROVIDES FELXIBILITY IN SCHEDULING AND INDIVIDUAL SUPPORT AS WELL AS DUAL PREPARATION FOR ARTISTIC CAREERS AND HIGHER EDUCATION. STUDENTS MOVE FORWARD AT A PACE SUITED TO THEIR INDIVIDUAL ABILITIES AND CAN EARN BOTH HIGH SCHOOL AND COLLEGE CREDITS, CRITICAL TO YOUNG ARTISTS WHO OFTEN SPEND THEIR COLLEGE YEARS IN PROFESSIONAL COMPANIES. 1096435 1176384 3828910 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 0 1 45 0 1 92 1 0 0 0 0 0 1 1 0 0 0 0 X 30 22 1 0 0 0 0 0 0 1 1 0 0 0 1 0 1 1 0 1 1 0 PA X X BOJAN SPASSOFF 2155517010 1101 SOUTH BROAD STREET PHILADELPHIA PA 19147 BOJAN SPASSOFF 40.00 X X 108462 0 5330 STEPHANIE WOLF SPASSOFF 40.00 X 52178 0 0 ROBERT L ABRAMOWITZ 1.00 X 0 0 0 DIANE BRECKENRIDGE 1.00 X 0 0 0 NANCY S BRODIE 1.00 X X 0 0 0 MICHAEL DELUCA 1.00 X 0 0 0 LOUIS ENI 1.00 X 0 0 0 HOWARD FISCHER 1.00 X 0 0 0 LIZA HERZOG 1.00 X 0 0 0 JOHN HYMAN 1.00 X 0 0 0 LEROY KEAN 1.00 X 0 0 0 WARREN KUO 1.00 X 0 0 0 CAROL CLARK LAWRENCE 1.00 X 0 0 0 RONALD NAPLES 1.00 X 0 0 0 MARIANNE C RAPHAELY 1.00 X 0 0 0 SUZANE SCHOCH REHL 1.00 X 0 0 0 THOMAS J REILLY 1.00 X 0 0 0 CARO U ROCK 1.00 X X 0 0 0 CONSTANCE W BENOLIEL-ROCK 1.00 X X 0 0 0 ROBERT ROCK 1.00 X X 0 0 0 ROBERT MCCADDEN 1.00 X 0 0 0 HOWARD D ROSS 1.00 X 0 0 0 JEANNE SCANDURA 1.00 X 0 0 0 CATHERINE ULOZAS 1.00 X 0 0 0 SHERRY VARRELMAN 1.00 X 0 0 0 RANDI ZEMSKY 1.00 X 0 0 0 KIM DULA 1.00 X 0 0 0 ROBIN WILLIAMS 1.00 X 0 0 0 VICTORIA KAPLAN 1.00 X 0 0 0 JENNIFER FRANKLIN 1.00 X 0 0 0 160640 0 5330 1 0 0 0 MARINE CLUB APARTMENTS 1100 SOUTH BROAD STREET PHILADELPHIA PA 19146 STUDENT HOUSING 261096 PARKHURST DINING SERVICES 2970 CORPORATE COURT SUITE 5 OREFIELD PA 18069 FOOD SERVICES 190032 GOSHEN EQUITIES 17000 HORIZON WAY SUITE 100 MT LAUREL NJ 08054 FACILITIES LEASE 163572 CABRINI COLLEGE 610 KING OF PRUSSIA ROAD RADNOR PA 19087 SUMMER STUDENT HOUSING 137761 YOUR PART TIME CONTROLLER 1500 WALNUT STREET SUITE 1200 PHILADELPHIA PA 19146 CONTRACTOR-ACCOUNTING 123816 5 226200 42799 285296 2600 554295 TUITION 611600 2565355 2565355 HOUSING AND OTHER STUD 611600 1368388 1368388 TICKET SALES 611600 131132 131132 COACHING/COMPETITION 611600 67325 67325 REGISTRATION FEES 611600 39989 39989 30865 30865 4203054 5199 5199 31743 0 31743 31743 31743 49085 226200 78635 -29550 -29550 38872 44279 -5407 -5407 FORGIVENESS OF DEBT 611600 70930 70930 MISCELLANEOUS INCOME 611600 27796 27796 98726 4858060 4203054 0 100711 784154 784154 165970 99582 49791 16597 1366284 908858 286799 170627 24406 15872 4071 4463 155903 100566 35140 20197 5318 5318 152466 152466 9844 9844 10306 8541 1765 66847 41445 20054 5348 82982 67066 7958 7958 269894 168479 81731 19684 277144 212009 52108 13027 81573 47336 33719 518 STUDENT HOUSING AND MEA 453092 453092 SUMMER PROGRAMS 399513 399513 PERFORMANCE EXPENSE 264448 264448 ROCK DANCE PROGRAMS 247628 158048 77301 12279 290628 99901 190266 461 5108400 3828910 1006566 272924 38539 71995 62109 95419 71535 16100 43014 36509 64324 44367 17743 16572 7073354 2572712 4696263 4500642 192624 212686 116827 116827 5302978 5111117 155472 182010 240660 299592 1841983 1713871 80348 172401 2318463 2367874 X 2789827 2523057 86435 105933 108253 114253 2984515 2743243 5302978 5111117 X -250340 9068 X X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 192624 6000 14062 212686 164538 6000 22086 192624 999535 6000 18411 859408 164538 1346008 8000 -272686 81787 999535 0.53720 0.46280 0 0 450000 450000 5015607 1290969 3724638 252870 206417 46453 1197673 1000851 196822 157204 74475 82729 4500642 DEFERRED RENT AND DEPOSITS 172401 172401 4858060 5108400 -250340 9068 9068 -241272 4251905 9068 46017 122914 177999 4073906 784154 784154 4858060 4493177 46017 122914 168931 4324246 784154 784154 5108400 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE SCHOOL IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE SCHOOL FOLLOWS THE INCOME TAX STANDARD FOR UNCERTAIN TAX POSITIONS. THE STANDARD HAD NO EFFECT ON THE SCHOOL'S FINANCIAL STATEMENTS. THE SCHOOL'S 2009, 2010 AND 2011 FISCAL YEAR RETURNS ARE OPEN FOR EXAMINATION BY THE INTERNAL REVENUE SERVICE (IRS). PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECTLY RELATED FUNDRAISING EXPENSE 78,635. MERCHANDISE COST OF GOODS SOLD 44,279. PART XII, LINE 4B - OTHER ADJUSTMENTS: RECLASS STUDENT SCHOLARSHIPS AND OTHER DISCOUNTS 784,154. PART XIII, LINE 2D - OTHER ADJUSTMENTS: DIRECTLY RELATED FUNDRAISING EXPENSE 78,635. MERCHANDISE COST OF GOODS SOLD 44,279. PART XIII, LINE 4B - OTHER ADJUSTMENTS: RECLASS STUDENT SCHOLARSHIPS AND OTHER DISCOUNTS 784,154. PART V, ENDOWMENT FUNDS, LINE 4: THE USES OF THE ORGANIZATION'S ENDOWMENT FUNDS ARE SCHOLARSHIPS FOR DESERVING DANCE STUDENTS. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION 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. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 STATE GRANTS IN SUPPORT OF SOME OF THE SCHOOL'S NORMAL OPERATING EXPENSES. SCHOLARSHIP BENEFIT 275285 226200 49085 2600 33819 3000 39216 275285 226200 49085 2600 33819 3000 39216 78635 -29550 1 SCHOLARSHIPS TO STUDENTS 329 784154 FMV N/A PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, 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 ROCK FOUNDATION 3 BOARD MEMBERS OF THE ROCK SCHOOL RESIDE ON THE BOARD OF THE ROCK FOUND. 1113000 NOTES PAYABLE 0 FORM 990, PART VI, SECTION A, LINE 2 THE FOLLOWING PEOPLE HAVE A FAMILY RELATIONSHIP: BOJAN SPASSOFF- PRESIDENT/DIRECTOR STEPHANIE WOLF SPASSOFF- DIRECTOR ALEXANDER SPASSOFF- COMMUNICATIONS DIRECTOR CARO U. ROCK- CHAIRMAN CONSTANCE W. BENOLIEL-ROCK- CHAIRMAN EMERITUS ROBERT ROCK- VICE CHAIRMAN SUSAN ROCK- COMMUNITY RELATIONS DIRECTOR FORM 990, PART VI, SECTION B, LINE 11 THE FINANCE COMMITTEE OF THE BOARD 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. 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. 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 2011. FORM 990, PART VI, SECTION C, LINE 19 THE FINANCIAL STATEMENTS OF THE SCHOOL ARE AVAILABLE ON THE PA CDP WEBSITE. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 9,068. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. 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