2025-03-06T07:57:34-06:00 2024-08-31 881478669 CBIZ ADVISORS LLC 68 SOUTH SERVICE ROAD SUITE 300 MELVILLE NY 117472354 990 2023-09-01 130429660 AMERICAN ACADEMY OF DRAMATIC ARTS AMER 2126869244 120 MADISON AVENUE NEW YORK NY 10016 JOEL BLOCH CHIEF FINANCIAL OFFICER 2126869244 2025-02-27 1 0 MARY ANN MENDEL P00551302 6314144000 2025-02-27 2023 2025-03-06 01:10:19Z JOEL BLOCH 120 MADISON AVENUE NEW YORK NY 10016 49562136 0 X WWW.AADA.EDU X 1899 NY TO PROVIDE INTENSIVE CONSERVATORY TRAINING IN PERFORMING ARTS TO QUALIFIED STUDENTS. 20 19 409 19 0 0 233282 215686 23158048 21396351 540668 558140 390490 402205 24322488 22572382 5209525 4970060 0 0 10056111 9408549 0 0 0 8111424 8276472 23377060 22655081 945428 -82699 84445472 85693970 56586815 56706294 27858657 28987676 THE GOAL OF THE ACADEMY IS TO PREPARE STUDENTS FOR ACTING CAREERS IN THEATRE, TELEVISION AND FILM AND TO PROVIDE A PRACTICAL, POST-SECONDARY EDUCATION THAT EMPHASIZES THE SKILLS NEEDED BY AN ACTOR IN TODAY'S COMPETITIVE ENVIRONMENT. 0 0 15133525 4970060 21396351 THE AMERICAN ACADEMY OF DRAMATIC ARTS IS A SCHOOL FOR PROFESSIONAL DRAMATIC TRAINING. DURING THE 2023-2024 YEAR, THERE WERE APPROXIMATELY 422 FULL-TIME STUDENTS AT OUR TWO CAMPUSES IN NEW YORK AND CALIFORNIA. THE ACADEMY ALSO TRAINED 218 PART-TIME STUDENTS IN ITS SUMMER PROGRAMS. 15133525 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 7 0 1 409 1 0 0 0 0 0 0 0 0 0 0 0 0 X 20 19 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 CA X JOEL BLOCH CFO 2126869244 120 MADISON AVE NEW YORK NY 10016 SUSAN ZECH PRESIDENT 40.00 X X 350000 0 8285 ROBERT E WANKEL CHAIRMAN 2.00 X X 0 0 0 FELIX GROSSMAN VICE-CHAIRMAN 2.00 X X 0 0 0 JOLYON STERN VICE-CHAIRMAN 2.00 X X 0 0 0 DAVID SHERMAN TREASURER 2.00 X X 0 0 0 E ROBERT GOODKIND SECRETARY 2.00 X X 0 0 0 CHRIS DEFARIA TRUSTEE 2.00 X 0 0 0 DOUGLAS CARTER BEANE TRUSTEE 2.00 X 0 0 0 ROBERT COLE TRUSTEE 2.00 X 0 0 0 CLAUDIA FARIS TRUSTEE 2.00 X 0 0 0 ALAN FISCHER TRUSTEE 2.00 X 0 0 0 JAMES FULLER TRUSTEE 2.00 X 0 0 0 SAM GORES TRUSTEE 2.00 X 0 0 0 BRIAN HENSON TRUSTEE 2.00 X 0 0 0 RICHARD O'LEARY TRUSTEE 2.00 X 0 0 0 DAVID MERRILL TRUSTEE 2.00 X 0 0 0 MICHAEL PRICE TRUSTEE 2.00 X 0 0 0 SAM ROBARDS TRUSTEE 2.00 X 0 0 0 FREDRIC ROSEN TRUSTEE 2.00 X 0 0 0 STEVE SANDERS TRUSTEE 2.00 X 0 0 0 JOEL BLOCH CHIEF FINANCIAL OFFICER 40.00 X 190962 0 8285 DAVID SULLIVAN VP OF ACADEMICS 40.00 X 186000 0 0 PETER TUFEL DIRECTOR OF OPERATIONS 40.00 X 124589 0 13378 ROBERT DEMPSEY DIRECTOR OF ACADEMIC SERVI 40.00 X 120200 0 13378 DANIEL DESHURLEY SR. DIRECTOR OF OPERATIONS 40.00 X 133316 0 0 LINDA BRENNAN FACULTY ADMINISTRATION 40.00 X 115772 0 12761 JAMES LUBIN SENIOR DIRECTOR OF MARKETING & TECHNOLOGY 40.00 X 120000 0 5588 1340839 0 61675 14 0 1 0 VANGUARD ENERGY SOLUTIONS 620 DEER ROAD SUITE 17 CHERRY HILL NJ 08034 CONSTRUCTION - HVAC 826250 ANTHEM 106 MISSION COURT SUITE 1201 FRANKLIN TN 37067 COMPUTER SOFTWARE PROGRAMMING NY AND LA 371794 ALLIED UNIVERSAL SECURITY SERVICES 21300 VICTORY BLVD WOODLAND HILLS CA 91367 SECURITY SERVICES FOR 1336 N LABREA AND 159184 ASHLAND MAINTENANCE 4515 BARNETT AVE SUNNYSIDE NY 11104 CLEANING AND MAINTENANCE FOR 120 AND 118 117369 4 58784 156902 215686 TUITION AND FEES 611310 16994509 16994509 AUXILIARY ACTIVITIES 611310 4401842 4401842 21396351 581437 581437 402205 0 402205 402205 402205 26966457 26989754 -23297 -23297 -23297 22572382 21396351 0 960345 4970060 4970060 545420 545420 7749203 6871586 877617 513778 393215 120563 600148 506474 93674 132542 132542 88252 88252 107045 107045 159864 9800 150064 274919 274919 345881 2746 343135 11472 11472 1353558 1353558 123520 110339 13181 34145 22657 11488 1796664 1796664 1499052 266589 1232463 995084 995084 BAD DEBT EXPENSE 250000 250000 PRODUCTION COST 220322 220322 OTHER 151705 74845 76860 STUDENT SERVICES 142515 125980 16535 589932 193882 396050 22655081 15133525 7521556 0 4694938 957397 1037178 1865275 5459782 8041958 1033805 955142 79911155 19075019 61292898 60836136 10782671 12922748 144200 115314 84445472 85693970 1358148 1273577 10247261 11304983 44457379 43753561 524027 374173 56586815 56706294 X 26716828 27845847 1141829 1141829 27858657 28987676 84445472 85693970 X -82699 1205568 6150 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1141829 1141829 1141829 1141829 1141829 1141829 1141829 1141829 1141829 1141829 0 0 25812982 25812982 54098173 19075019 35023154 60836136 PENSION LIABILITY 258859 OPERATING LEASE LIABILITIES 115314 374173 X 18700846 1205568 1205568 17495278 107044 4970060 5077104 22572382 17577977 0 17577977 107045 4970059 5077104 22655081 PART X, LINE 2: THE ACADEMY RECOGNIZES AND MEASURES ITS UNRECOGNIZED TAX POSITIONS AND ASSESSES THE LIKELIHOOD, BASED ON THEIR TECHNICAL MERIT, THAT TAX POSITIONS WILL BE SUSTAINED UPON EXAMINATION BASED ON THE FACTS, CIRCUMSTANCES, AND INFORMATION AVAILABLE AT THE END OF EACH PERIOD. THE MEASUREMENT OF UNRECOGNIZED TAX POSITIONS IS ADJUSTED WHEN NEW INFORMATION IS AVAILABLE, OR WHEN AN EVENT OCCURS THAT REQUIRES A CHANGE. INTEREST AND PENALTIES ASSOCIATED WITH UNRECOGNIZED TAX POSITIONS, IF ANY, WOULD BE CLASSIFIED AS INTEREST EXPENSE AND ADDITIONAL INCOME TAXES, RESPECTIVELY, IN THE STATEMENTS OF ACTIVITIES. THE ACADEMY DID NOT IDENTIFY ANY UNCERTAIN TAX POSITIONS FOR THE YEARS ENDED AUGUST 31, 2024 AND 2023. THE ACADEMY IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY PERIODS PENDING OR IN PROGRESS. PART XI, LINE 2D - OTHER ADJUSTMENTS: PENSION PLAN ADJUSTMENT PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 4,970,060. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 4,970,060. ROUNDING -1. SCHEDULE D PART V, LINE 4 EARNINGS ON THE ENDOWMENT ARE INTENDED TO PROVIDE SCHOLARSHIPS FOR STUDENTS. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 ALL ENTERING STUDENTS RECEIVE A STUDENT HANDBOOK DURING REGISTRATION WHICH EXPLICITLY STATES THE ACADEMY'S POLICY. THIS INFORMATION IS ALSO DISSEMINATED IN THE ACADEMY'S CATALOG SENT TO ALL PROSPECTIVE STUDENTS AND IN ADVERTISING. SCHEDULE E, PART I, LINE 6 THE ACADEMY IS PROVIDED STUDENT FINANCIAL AID UNDER THE FOLLOWING PROGRAMS: 1. FEDERAL PELL GRANT PROGRAM 2. FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT PROGRAM 3. FEDERAL FAMILY EDUCATIONAL LOANS PROGRAM 4. FEDERAL WORK STUDY PROGRAM 5. NEW YORK STATE TUITION ASSISTANCE PROGRAM 1 STUDENT SCHOLARSHIPS 422 4970060 FMV TUITION REDUCTION PART I, LINE 2: SCHOLARSHIPS ARE AWARDED ON THE BASIS OF MERIT AND NEED. FIRST YEAR STUDENTS MAY BE AWARDED SPECIAL ASSISTANCE BASED ON NEED AND MERIT AS DETERMINED BY THE APPLICANT'S APPLICATION AND AUDITION. SECOND YEAR AND ACADEMY COMPANY STUDENTS MAY APPLY FOR SCHOLARSHIPS BY WRITING TO THE ACADEMY'S SCHOLARSHIP COMMITTEE WHICH MAKES ALL SCHOLARSHIP DECISIONS. DETAILS ARE AVAILABLE UPON REQUEST. X X 0 0 0 0 0 0 0 0 0 SUSAN ZECH PRESIDENT 350000 0 0 0 0 0 0 0 8285 0 358285 0 0 0 JOEL BLOCH CHIEF FINANCIAL OFFICER 190962 0 0 0 0 0 0 0 8285 0 199247 0 0 0 DAVID SULLIVAN VP OF ACADEMICS 186000 0 0 0 0 0 0 0 0 0 186000 0 0 0 JOLYON STERN BOARD MEMBER 376152 THE ORGANIZATION'S CORPORATE INSURANCE IS PURCHASED FROM RISK MANAGEMENT, WHERE A BOARD MEMBER IS THE CHAIRMAN AND CEO. 0 ALAN FISCHER BOARD MEMBER 100460 INVESTMENT MANAGEMENT FEES 0 FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS REVIEWED AND APPROVED BY THE FINANCE COMMITTEE AND DISTRIBUTED TO BOARD MEMBERS FOR REVIEW PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EACH TRUSTEE AND OFFICER ANNUALLY SIGN A STATEMENT AFFIRMING THEY HAVE RECEIVED, READ AND UNDERSTAND, AND AGREE TO COMPLY WITH THE CONFLICT OF INTEREST POLICY. PRIOR TO INITIAL ELECTION TO THE BOARD OF TRUSTEES AND ANNUALLY THEREAFTER, EACH MEMBER IS REQUIRED TO DISCLOSE IN WRITING ANY CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE CHAIRMAN OF THE BOARD OF TRUSTEES REVIEWS THE PERFORMANCE OF THE CHIEF EXECUTIVE OFFICER ("CEO") TOGETHER WITH THE EXECUTIVE COMMITTEE OF THE BOARD IN ORDER TO DETERMINE WAGE AND BENEFITS FOR THE CEO, ALSO TAKING INTO ACCOUNT BENCHMARK DATA THAT IS AVAILABLE. THE BOARD IS AWARE OF THE COMPENSATION LEVELS FOR OTHER SENIOR MANAGEMENT WHICH IS INCLUDED WITHIN THE ANNUAL BUDGET APPROVED BY THE BOARD; DECISIONS GOVERNING THEIR COMPENSATION ARE UNDER THE PURVIEW OF THE CEO. FORM 990, PART VI, SECTION C, LINE 19 THE ACADEMY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC DURING REGULAR BUSINESS HOURS AT THE ACADEMY'S ADDRESS AFTER RECEIPT OF WRITTEN REQUEST TO EXAMINE. FORM 990, PART XI, LINE 9: PENSION PLAN ADJUSTMENT 6,150. FORM 990, PART XII, LINE 2C THE ORGANIZATION DID NOT CHANGE EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE YEAR. 990 PART XI, LINE 9 THE ACADEMY HAS A DEFINED-BENEFIT PENSION PLAN (THE "PLAN"). BENEFITS ARE BASED ON YEARS OF CREDITED SERVICE AND EITHER THE EMPLOYEE'S FINAL AVERAGE SALARY OR A FIXED AMOUNT PER YEAR. AT EACH FISCAL YEAR-END, THE FUNDED STATUS OF THE DEFINED-BENEFIT PENSION PLAN AND THE PENSION-RELATED AMOUNTS ARE ADJUSTED ACCORDINGLY, RESULTING IN A PENSION PLAN ADJUSTMENT.