2024-01-16T16:14:02-06:00 2023-08-31 111986323 MARCUM LLP 100 EAGLE ROCK AVENUE SUITE 200 EAST HANOVER NJ 07936 990 2022-09-01 130429660 AMERICAN ACADEMY OF DRAMATIC ARTS AMER 2126869244 120 MADISON AVENUE NEW YORK NY 10016 JOEL BLOCH CHIEF FINANCIAL OFFICER 2126869244 2024-01-15 1 JOEL BLOCH 999009999 0 MARY ANN MENDEL P00551302 9739293500 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JOEL BLOCH 120 MADISON AVENUE NEW YORK NY 10016 28483693 0 X WWW.AADA.EDU X 1899 NY TO PROVIDE INTENSIVE CONSERVATORY TRAINING IN PERFORMING ARTS TO QUALIFIED STUDENTS. 20 19 434 20 0 0 3675708 233282 21670437 23158048 242790 540668 378171 390490 25967106 24322488 4679993 5209525 0 0 9687986 10056111 0 0 0 8575540 8111424 22943519 23377060 3023587 945428 82489294 84445472 55844496 56586815 26644798 27858657 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 15977065 5209525 23158048 THE AMERICAN ACADEMY OF DRAMATIC ARTS IS A SCHOOL FOR PROFESSIONAL DRAMATIC TRAINING. DURING THE 2022-2023 YEAR, THERE WERE APPROXIMATELY 472 FULL-TIME STUDENTS AT OUR TWO CAMPUSES IN NEW YORK AND CALIFORNIA. THE ACADEMY ALSO TRAINED 268 PART-TIME STUDENTS IN ITS SUMMER PROGRAMS. 15977065 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 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 24 0 1 434 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 340577 0 8170 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 E ROBERT GOODKIND SECRETARY 2.00 X X 0 0 0 DAVID SHERMAN TREASURER 2.00 X X 0 0 0 ALAN FISCHER TRUSTEE 2.00 X 0 0 0 BRIAN HENSON TRUSTEE 2.00 X 0 0 0 CHRIS DEFARIA TRUSTEE 2.00 X 0 0 0 CLAUDIA FARIS TRUSTEE 2.00 X 0 0 0 DAVID MERRILL TRUSTEE 2.00 X 0 0 0 DOUGLAS CARTER BEANE TRUSTEE 2.00 X 0 0 0 FREDRIC ROSEN TRUSTEE 2.00 X 0 0 0 JAMES FULLER TRUSTEE 2.00 X 0 0 0 MICHAEL PRICE TRUSTEE 2.00 X 0 0 0 RICHARD O'LEARY TRUSTEE 2.00 X 0 0 0 ROBERT COLE TRUSTEE 2.00 X 0 0 0 SAM GORES TRUSTEE 2.00 X 0 0 0 SAM ROBARDS TRUSTEE 2.00 X 0 0 0 STEVE SANDERS TRUSTEE 2.00 X 0 0 0 JOEL BLOCH CHIEF FINANCIAL OFFICER 40.00 X 185821 0 8170 DAVID SULLIVAN VP OF ACADEMICS 40.00 X 181396 0 0 MATTHEW NEVES DIRECTOR OF INSTRUCTION 40.00 X 130500 0 8170 BETTY KARLEN FACULTY ADMINISTRATION 40.00 X 124645 0 13142 BENDA BECK FACULTY ADMINISTRATION 40.00 X 125915 0 8719 PETER TUFEL DIRECTOR OF OPERATIONS 40.00 X 121234 0 13142 ROBERT DEMPSEY DIRECTOR OF ACADEMIC SERVI 40.00 X 116964 0 13142 1327052 0 72655 8 0 1 0 ANTHEM 106 MISSION COURT SUITE 1201 FRANKLIN TN 37067 COMPUTER SOFTWARE PROGRAMMING NY AND LA 347827 ALLIED UNIVERSAL SECURITY SERVICES 21300 VICTORY BLVD WOODLAND HILLS CA 91367 SECURITY SERVICES FOR 1336 N LABREA AND 302173 ASHLAND MAINTENANCE 4515 BARNETT AVE SUNNYSIDE NY 11104 CLEANING AND MAINTENANCE FOR 120 AND 118 109445 3 58757 174525 233282 TUITION AND FEES 611310 18371971 18371971 AUXILIARY ACTIVITIES 611310 4786077 4786077 23158048 297566 297566 390490 0 390490 390490 390490 4404307 4161205 243102 243102 243102 24322488 23158048 0 931158 5209525 5209525 724134 724134 8005614 7282647 722967 577959 429240 148719 748404 536774 211630 131592 131592 84774 84774 61546 5661 55885 334353 334353 367826 2362 365464 6510 6510 1417973 1417973 107481 94456 13025 33855 23751 10104 1853556 22991 1830565 1528325 274088 1254237 772931 772931 PRODUCTION COST 275488 275488 0 0 OTHER 198907 60644 138263 STUDENT SERVICES 141667 121233 20434 0 TELPHONE 133710 8904 124806 660930 204818 456112 23377060 15977065 7399995 0 3587551 4694938 1404779 1037178 12953 0 2374696 5459782 2331298 1033805 78868865 17575967 62733744 61292898 10044273 10782671 0 144200 82489294 84445472 1752495 1358148 7860061 10247261 45809201 44457379 422739 524027 55844496 56586815 X 25502969 26716828 1141829 1141829 26644798 27858657 82489294 84445472 X 945428 268431 0 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 1.00000 0 0 25812982 25812982 53055883 17575967 35479916 61292898 PENSION LIABILITY 279827 DONOR ANNUITY OBLIGATION 100000 OPERATING LEASE LIABILITIES 144200 524027 X 19302754 268431 6134 274565 19028189 84774 5209525 5294299 24322488 18088895 6134 6134 18082761 84774 5209525 5294299 23377060 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, 2023 AND 2022. 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 6,134. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 5,209,525. PART XII, LINE 2D - OTHER ADJUSTMENTS: PENSION PLAN ADJUSTMENT 6,134. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 5,209,525. 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 442 5209525 FMV TUITION REDUCTION FMV 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 340577 0 0 0 0 0 0 0 8170 0 348747 0 0 0 JOEL BLOCH CHIEF FINANCIAL OFFICER 185821 0 0 0 0 0 0 0 8170 0 193991 0 0 0 DAVID SULLIVAN VP OF ACADEMICS 181396 0 0 0 0 0 0 0 0 0 181396 0 0 0 JOLYON STERN BOARD MEMBER 365450 THE ORGANIZATION'S CORPORATE INSURANCE IS PURCHASED FROM RISK MANAGEMENT, WHERE A BOARD MEMBER IS THE CHAIRMAN AND CEO. 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 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.