SCHOOL OF AMERICAN BALLET INC: Form 990, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- SCHOOL OF AMERICAN BALLET INC (EIN 13-1275970)
- Tax period
- 2021-09-01 to 2022-08-31
- Filed
- 2023-06-26
- IRS object ID
- 202341779349300744
- Schema version
- 2021v4.2
- 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
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-06-26T13:34:04-05:00 | ReturnTs |
| Tax Period End | 2022-08-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 131655065 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LUTZ AND CARR CPAS LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 551 FIFTH AVENUE SUITE 400 | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10176 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2021-09-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 131275970 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SCHOOL OF AMERICAN BALLET INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | SCHO | BusinessNameControlTxt |
| Phone | 2127696600 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 70 LINCOLN CENTER PLAZA | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 100236592 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | NAZ KAMAL | PersonNm |
| Person Title | DIRECTOR OF FINANCE | PersonTitleTxt |
| Phone | 2127696600 | PhoneNum |
| Signature | 2023-06-23 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | NAZ | PersonFirstNm |
| Person Last | KAMAL | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | FREDERICK MARTENS | PreparerPersonNm |
| PTIN | P00298107 | PTIN |
| Phone | 2126972299 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | ZITA J EZPELETA | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 70 LINCOLN CENTER PLAZA | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10023 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $35,147,816 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.SAB.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1934 | FormationYr |
| Legal Domicile State | NY | LegalDomicileStateCd |
| Activity Or Mission | IN FY 2022, THE SCHOOL OF AMERICAN BALLET PASSED KNOWLEDGE OF THE BALANCHINE BALLET TRADITION FROM 24 GIFTED FACULTY MEMBERS TO SOME 789 STUDENTS IN ITS PROGRAMS. THESE FACULTY MEMBERS WERE AUGMENTED BY A SELECTED NEW YORK CITY BALLET COMPANY MEMBER WHO PARTICIPATED IN A TEACHER TRAINING PROGRAM AT SAB. THEY WERE ALSO JOINED BY A NUMBER OF NOTABLE GUEST FACULTY. IN SEEKING VERY TALENTED STUDENTS, THE SCHOOL CONTINUED ITS LOCAL, NATIONAL AND INTERNATIONAL OUTREACH AND RECRUITMENT EFFORTS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 42 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 42 | VotingMembersIndependentCnt |
| Total Employee | 148 | TotalEmployeeCnt |
| Total Volunteers | 47 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $8,089,061 | PYContributionsGrantsAmt |
| CY Contributions Grants | $7,749,229 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $4,066,127 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $5,019,896 | CYProgramServiceRevenueAmt |
| PY Investment Income | $8,995,367 | PYInvestmentIncomeAmt |
| CY Investment Income | $2,554,958 | CYInvestmentIncomeAmt |
| PY Other Revenue | $54,817 | PYOtherRevenueAmt |
| CY Other Revenue | $24,639 | CYOtherRevenueAmt |
| PY Total Revenue | $21,205,372 | PYTotalRevenueAmt |
| CY Total Revenue | $15,348,722 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $1,270,235 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $1,338,310 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $7,906,996 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $7,677,225 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $1,750 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $1,893,603 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $7,041,937 | PYOtherExpensesAmt |
| CY Other Expenses | $8,112,002 | CYOtherExpensesAmt |
| PY Total Expenses | $16,220,918 | PYTotalExpensesAmt |
| CY Total Expenses | $17,127,537 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $4,984,454 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$1,778,815 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $111,037,435 | TotalAssetsBOYAmt |
| Total Assets EOY | $94,813,338 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $13,209,809 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $13,939,905 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $97,827,626 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $80,873,433 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | THE SCHOOL OF AMERICAN BALLET'S MISSION IS TO TRAIN STUDENTS FOR PROFESSIONAL CAREERS IN CLASSICAL BALLET. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $7,683,751 | ExpenseAmt |
| Grant | $810,495 | GrantAmt |
| Revenue | $3,108,040 | RevenueAmt |
| Desc | TEACHING AND OTHER ARTISTIC PROGRAMSTHE SCHOOL PROVIDES BALLET TRAINING TO STUDENTS AGES 6 TO 19, AT APPROPRIATE LEVELS OF CONCENTRATION. DURING THE WINTER TERM (SEPTEMBER - JUNE), ADVANCED STUDENTS HAVE 36 WEEKS OF CLASSES WITH UP TO 18.5 HOURS PER WEEK. THE YOUNGEST STUDENTS MEET TWICE WEEKLY FOR AN HOUR FOR 33 WEEKS. DURING FY 2022, 441 STUDENTS WERE ENROLLED DURING WINTER TERM. DURING WINTER TERM 2021-2022, STUDENTS REPRESENTED 26 STATES AND 2 FOREIGN COUNTRIES. WINTER TERM CURRICULUM ALSO INCLUDES ADDITIONAL OPPORTUNITIES, PARTICULARLY FOR ADVANCED STUDENTS, SUCH AS CHOREOGRAPHIC WORKSHOP AND YEAR END PERFORMANCE. THE SCHOOL ALSO OFFERS A 5-WEEK INTENSIVE SUMMER COURSE. 178 STUDENTS TOOK PART IN THE SUMMER PROGRAM DURING FY 2022. FY 2022 ALSO SAW THE FIFTH YEAR OF A ONE-WEEK NEW YORK CITY JUNIOR PROGRAM THAT ENROLLED 116 STUDENTS. THE SCHOOL PROVIDED $770K IN TUITION SCHOLARSHIP AND AWARDS DURING FY22. FOR WINTER TERM, 23% OF DAY STUDENTS OTHER THAN THOSE ENROLLED IN TUITION FREE BOYS PROGRAM RECEIVED TUITION FINANCIAL AID. 55 STUDENTS WERE ENROLLED IN THE TUITION FREE BOYS PROGRAM. FOR NEW YORK SUMMER COURSE, 35% OF STUDENTS WERE AWARDED TUITION SCHOLARSHIPS. IN NEW YORK JUNIOR PROGRAM, 14% STUDENTS RECEIVED TUITION SCHOLARSHIPS. THE SCHOOL EXTENDS ITS PROGRAM EFFORTS IN THE NEW YORK METROPOLITAN AREA BY CONDUCTING COMMUNITY LECTURES/DEMONSTRATIONS AND COMMUNITY AUDITIONS. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $4,603,697 | ExpenseAmt |
| Grant | $423,215 | GrantAmt |
| Revenue | $1,769,054 | RevenueAmt |
| Desc | STUDENT SERVICES AND RESIDENCETHE SCHOOL PROVIDES SUPPORT SERVICES FOCUSED ON STUDENTS' OVERALL HEALTH AND WELL-BEING, INCLUDING NURSING CARE, NUTRITIONAL COUNSELING, ACADEMIC TUTORING, PILATES TRAINING AND PHYSICAL THERAPY FOR STUDENTS LIVING IN THE RESIDENCE HALL (48 DURING WINTER TERM AND 155 DURING SUMMER COURSE). STAFF MEMBERS PROVIDE ON-GOING SUPERVISION, ALONG WITH SEMINARS AS WELL AS CULTURAL AND SOCIAL ACTIVITIES. IN FY22, THE SCHOOL FURTHER DEVELOPED ITS PROFESSIONAL PLACEMENT PROGRAM TO ASSIST ADVANCED STUDENTS FOR PROFESSIONAL CAREERS. THE SCHOOL ENDEAVORS TO ENSURE THAT RACIALLY AND SOCIOECONOMICALLY DIVERSE STUDENTS HAVE ACCESS TO THE SCHOOL'S PROGRAMS AND PROVIDES FINANCIAL AID AND THE SUPPORT THROUGH ITS DIVERSITY, EQUITY, AND INCLUSION INITIATIVE. THE SCHOOL PROVIDED $423K IN RESIDENTIAL FINANCIAL AID AND AWARDS DURING FY22. FOR WINTER TERM, 50% OF RESIDENTIAL STUDENTS RECEIVED TUITION, ROOM AND BOARD FINANCIAL AID. FOR NEW YORK SUMMER COURSE, 8% OF STUDENTS WERE AWARDED ROOM AND BOARD SCHOLARSHIPS. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $185,132 | ExpenseAmt |
| Grant | $104,600 | GrantAmt |
| Desc | ACADEMIC SUBSIDIES AND OTHER STUDENT AIDTHE SCHOOL PROVIDED $78,500 IN FINANCIAL SUPPORT FOR HIGH SCHOOL EDUCATION OF 4 ADVANCED STUDENTS. IN ADDITION TO THIS, THE SCHOOL SPENT $25,500 FOR ON-SITE ACADEMIC CLASSES AND 8 STUDENTS BENEFITED FROM THIS PROGRAM. STUDENTS ALSO RECEIVED TOE SHOES AT A SUBSIDIZED RATE. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $20,764 | ExpenseAmt |
| Revenue | $167,441 | RevenueAmt |
| Desc | OTHER PROGRAM SERVICES REFLECTS ADDITIONAL EARNED INCOME. INCLUDED HERE ARE FEES FROM LICENSING A BALLET CHOREOGRAPHED BY GEORGE BALANCHINE TO WHICH JOHN TARAS GAVE SAB RIGHTS; THIS INCOME IS ADDED TO ENDOWMENT. IT ALSO INCLUDES SAB OPEN PROGRAM OFFERINGS - BALLET CONNOISSEURSHIP AND LITTLE DANCERS. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $20,764 | TotalOtherProgSrvcExpenseAmt |
| Total Other Prog Srvc Revenue | $167,441 | TotalOtherProgSrvcRevenueAmt |
| Total Program Service Expenses | $12,493,344 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | 0 | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | 0 | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 77 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 148 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 42 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 42 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NAZ KAMAL | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2127696608 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | SCHOOL OF AMERICAN BALLET INC 70 | AddressLine1Txt |
| City | NY | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10023 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (54 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd |
|---|---|---|---|---|---|---|---|---|---|
| KELLIE JOHNSON ABREU | |||||||||
| DIRECTOR, COMMITTEE CHAIR | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| ELISABETH M ARMSTRONG | |||||||||
| DIRECTOR, SECRETARY | 2.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |||
| ROSEMARY T BERKERY HAUSEN | |||||||||
| DIRECTOR, COMMITTEE CHAIR | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| OLIVIER BERNIER | |||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| JIM BRENNAN | |||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| AMANDA BROTMAN-SCHETRITT | |||||||||
| DIRECTOR, COMMITTEE VICE CHAIR | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| JUDY BERNSTEIN BUNZL | |||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| CATHERINE DOYLE CALLAWAY | |||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| SHANNON G CASPERSEN | |||||||||
| DIRECTOR, COMMITTEE VICE CHAIR | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| NORM CHAMP | |||||||||
| DIRECTOR, TREASURER | 2.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |||
| CHELSEA V CLINTON | |||||||||
| DIRECTOR, COMMITTEE CO-CHAIR | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| ASHLY NIKKOLE DAVIS | |||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| THOMAS R ELLIS | |||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| ZITA J EZPELETA | |||||||||
| DIRECTOR, CHAIR OF BOARD | 5.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |||
| FRANCES D FERGUSSON | |||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| ANDREW C FINCH | |||||||||
| DIRECTOR, VICE CHAIRMAN OF BOARD | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| ALESSANDRA W GOULDNER | |||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| HELEN HAJE | |||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| CORINNE KOPELMAN | |||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| NANCY S MACMILLAN | |||||||||
| DIRECTOR, COMMITTEE VICE CHAIR | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| ELIZABETH R MILLER | |||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| GARFIELD L MILLER III | |||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| MICHELLE M MILLER | |||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| SUSAN F MILLSTEIN | |||||||||
| DIRECTOR, COMMITTEE CHAIR | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| STACEY C MORSE | |||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| ELLEN L NEEDHAM | |||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| MICHAEL D PARK | |||||||||
| DIRECTOR, COMMITTEE CHAIR | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| DAVID R PRUNER | |||||||||
| DIRECTOR, COMMITTEE VICE CHAIR | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| SUSAN P READ | |||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| SUZANNE ALLEN REDPATH | |||||||||
| DIRECTOR, COMMITTEE CHAIR | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| MORGAN P RICHARDSON | |||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| NAOMI SELIGMAN | |||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| STEPHANIE A SHARP | |||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| BARBARA SULLIVAN | |||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| ALYSSA COHEN TABLADA | |||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| PHOEBE TUDOR | |||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| MARJORIE L VAN DERCOOK | |||||||||
| DIRECTOR, COMMITTEE VICE CHAIR | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| GEORGE W VANDERPLOEG | |||||||||
| DIRECTOR, COMMITTEE CHAIR | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| BARBARA MANFREY VOGELSTEIN | |||||||||
| DIRECTOR, COMMITTEE CHAIR | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| MONICA B VOLDSTAD | |||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| OLIVIA C WASSENAAR | |||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| FELECIA A WEISS | |||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| CAROLYN WRIGHT-LEWIS | |||||||||
| DIRECTOR, COMMITTEE CHAIR | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| LAURA ZECKENDORF | |||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| CARRIE W HINRICHS | |||||||||
| EXECUTIVE DIRECTOR | 40.00 | $333,532 | $0 | $22,396 | Yes (X) | ||||
| JONATHAN M STAFFORD | |||||||||
| ARTISTIC DIRECTOR | 10.00 | $75,459 | $0 | $19,977 | Yes (X) | ||||
| NAZ KAMAL | |||||||||
| DIRECTOR OF FINANCE (AS OF AUG 2022) | 40.00 | $47,219 | $0 | $24,431 | Yes (X) | ||||
| KAY MAZZO BELLAS | |||||||||
| CO-CHAIR OF FACULTY | 40.00 | $229,366 | $0 | $2,076 | Yes (X) | ||||
| KATRINA K KILLIAN | |||||||||
| TEACHER | 25.50 | $228,085 | $0 | $29,886 | Yes (X) | ||||
| SUSAN PILARRE | |||||||||
| TEACHER | 16.50 | $145,121 | $0 | $18,681 | Yes (X) | ||||
| KRISTEN L BARRETT | |||||||||
| DIRECTOR OF DEVELOPMENT | 40.00 | $143,022 | $0 | $35,776 | Yes (X) | ||||
| ALLEN PEIFFER | |||||||||
| TEACHER | 40.00 | $164,875 | $0 | $18,818 | Yes (X) | ||||
| BARBRA J SILVER | |||||||||
| SR. DIR. SPECIAL EVENTS & CORPORATE SPONSOR | 40.00 | $129,895 | $0 | $28,764 | Yes (X) | ||||
| F STEPHEN DEWHURST | |||||||||
| CHIEF FINANCIAL OFFICER(TO MAR 2021) | 40.00 | $182,895 | $0 | $22,569 | Yes (X) | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,679,469 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $223,374 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 21 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (1) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
| Cntrct Rcvd Greater Than100 K | 0 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $1,568,198 | FundraisingAmt |
| Government Grants | $1,016,570 | GovernmentGrantsAmt |
| All Other Contributions | $5,164,461 | AllOtherContributionsAmt |
| Noncash Contributions | $251,884 | NoncashContributionsAmt |
| Total Contributions | $7,749,229 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| TUITION | 611600 | $4,197,333 | $4,197,333 |
| ROOM AND BOARD FEES | 721000 | $539,656 | $539,656 |
| WORKSHOP PERF. & OTHER FEES | 611710 | $109,227 | $109,227 |
| AUDITION REG. FEES | 611710 | $79,416 | $79,416 |
| ACTIVITY FEES | 611710 | $46,800 | $46,800 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $47,464 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $47,464 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $5,019,896 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $819,018 | TotalRevenueColumnAmt |
| Exclusion | $819,018 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $20,931,047 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $19,195,107 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,735,940 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,735,940 | TotalRevenueColumnAmt |
| Exclusion | $1,735,940 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $603,987 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $1,568,198 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $603,987 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER REVENUE | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $24,639 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $24,639 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $24,639 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $15,348,722 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $5,044,535 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $2,554,958 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,338,310 | TotalAmt |
| Program Services | $1,338,310 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,006,202 | TotalAmt |
| Program Services | $610,259 | ProgramServicesAmt |
| Management And General | $301,553 | ManagementAndGeneralAmt |
| Fundraising | $94,390 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,425,595 | TotalAmt |
| Program Services | $4,000,583 | ProgramServicesAmt |
| Management And General | $549,704 | ManagementAndGeneralAmt |
| Fundraising | $875,308 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $143,911 | TotalAmt |
| Program Services | $102,608 | ProgramServicesAmt |
| Management And General | $19,117 | ManagementAndGeneralAmt |
| Fundraising | $22,186 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $532,548 | TotalAmt |
| Program Services | $394,471 | ProgramServicesAmt |
| Management And General | $56,232 | ManagementAndGeneralAmt |
| Fundraising | $81,845 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $568,969 | TotalAmt |
| Program Services | $408,855 | ProgramServicesAmt |
| Management And General | $74,169 | ManagementAndGeneralAmt |
| Fundraising | $85,945 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,570 | TotalAmt |
| Management And General | $10,570 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $52,966 | TotalAmt |
| Management And General | $52,966 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $627,628 | TotalAmt |
| Management And General | $627,628 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $270,443 | TotalAmt |
| Management And General | $244,996 | ManagementAndGeneralAmt |
| Fundraising | $25,447 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $76,929 | TotalAmt |
| Program Services | $76,929 | ProgramServicesAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $190,454 | TotalAmt |
| Program Services | $88,496 | ProgramServicesAmt |
| Management And General | $35,558 | ManagementAndGeneralAmt |
| Fundraising | $66,400 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $76,650 | TotalAmt |
| Program Services | $61,605 | ProgramServicesAmt |
| Management And General | $15,045 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,387,501 | TotalAmt |
| Program Services | $2,951,488 | ProgramServicesAmt |
| Management And General | $203,473 | ManagementAndGeneralAmt |
| Fundraising | $232,540 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $90,586 | TotalAmt |
| Program Services | $76,066 | ProgramServicesAmt |
| Management And General | $3,929 | ManagementAndGeneralAmt |
| Fundraising | $10,591 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $317,502 | TotalAmt |
| Management And General | $317,502 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,182,223 | TotalAmt |
| Program Services | $1,004,891 | ProgramServicesAmt |
| Management And General | $82,754 | ManagementAndGeneralAmt |
| Fundraising | $94,578 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $26,847 | TotalAmt |
| Management And General | $26,847 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| STUDENT RESIDENCE HALL | $712,780 | $635,444 | $38,668 | $38,668 |
| OTHER OPERATING EXPENSE | $362,062 | $278,547 | $35,038 | $48,477 |
| WORKSHOP PERFORMANCES | $203,990 | $203,990 | ||
| CATERING AND RENTALS | $115,920 | $35,193 | $37,320 | $43,407 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $406,951 | TotalAmt |
| Program Services | $225,609 | ProgramServicesAmt |
| Management And General | $7,521 | ManagementAndGeneralAmt |
| Fundraising | $173,821 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $17,127,537 | TotalAmt |
| Program Services | $12,493,344 | ProgramServicesAmt |
| Management And General | $2,740,590 | ManagementAndGeneralAmt |
| Fundraising | $1,893,603 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,817,950 | BOYAmt |
| EOY | $1,547,413 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,590,300 | BOYAmt |
| EOY | $4,806,259 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,485,382 | BOYAmt |
| EOY | $2,074,697 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $24,339 | BOYAmt |
| EOY | $904,706 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $212,054 | BOYAmt |
| EOY | $275,358 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $47,915,195 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $33,707,043 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,247,558 | BOYAmt |
| EOY | $14,208,152 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $35,904,011 | BOYAmt |
| EOY | $29,335,401 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $51,755,841 | BOYAmt |
| EOY | $41,661,352 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $111,037,435 | BOYAmt |
| EOY | $94,813,338 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,390,113 | BOYAmt |
| EOY | $2,908,388 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,014,590 | BOYAmt |
| EOY | $1,211,475 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,628,274 | BOYAmt |
| EOY | $8,643,210 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,176,832 | BOYAmt |
| EOY | $1,176,832 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,209,809 | BOYAmt |
| EOY | $13,939,905 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $46,352,141 | BOYAmt |
| EOY | $36,129,343 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $51,475,485 | BOYAmt |
| EOY | $44,744,090 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $97,827,626 | BOYAmt |
| EOY | $80,873,433 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $111,037,435 | BOYAmt |
| EOY | $94,813,338 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$1,778,815 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$15,125,378 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$50,000 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $85,195,250 | BeginningYearBalanceAmt |
| Contributions | $2,748,403 | ContributionsAmt |
| Investment Earnings Or Losses | -$12,594,905 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $3,676,716 | OtherExpendituresAmt |
| End Year Balance | $71,672,032 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $75,779,495 | BeginningYearBalanceAmt |
| Contributions | $2,151,408 | ContributionsAmt |
| Investment Earnings Or Losses | $11,014,454 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $3,750,107 | OtherExpendituresAmt |
| End Year Balance | $85,195,250 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $67,656,797 | BeginningYearBalanceAmt |
| Contributions | $1,733,035 | ContributionsAmt |
| Investment Earnings Or Losses | $9,461,380 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $3,071,717 | OtherExpendituresAmt |
| End Year Balance | $75,779,495 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $68,775,652 | BeginningYearBalanceAmt |
| Contributions | $2,992,412 | ContributionsAmt |
| Investment Earnings Or Losses | -$151,952 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $3,959,315 | OtherExpendituresAmt |
| End Year Balance | $67,656,797 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $66,258,776 | BeginningYearBalanceAmt |
| Contributions | $2,651,589 | ContributionsAmt |
| Investment Earnings Or Losses | $3,884,586 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $4,019,299 | OtherExpendituresAmt |
| End Year Balance | $68,775,652 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.40000 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.60000 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.00000 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,067,047 | OtherCostOrOtherBasisAmt |
| Book Value | $2,067,047 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $42,057,198 | OtherCostOrOtherBasisAmt |
| Depreciation | $30,375,400 | DepreciationAmt |
| Book Value | $11,681,798 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $3,790,950 | OtherCostOrOtherBasisAmt |
| Depreciation | $3,331,643 | DepreciationAmt |
| Book Value | $459,307 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $14,208,152 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (24 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| ARES PATHFINDER | $1,040,700 | F |
| BH FEEDER (BREVAN HOWARD FUND) | $3,341,173 | F |
| BLACKSTONE LIFE SCIENCES V ACCESS FUND | $136,213 | F |
| FUNDSMITH EQUITY FUND | $3,038,013 | F |
| FX STRATEGY | $1,758,853 | F |
| HOLOCENE | $2,152,180 | F |
| INSOLVE GLOBAL CREDIT FEEDER FUND V | $1,646,380 | F |
| KLINE HILL | $821,715 | F |
| LASKER FUND | $2,722,850 | F |
| METROPOLITAN REAL ESTATE PARTNERS GLOBAL V | $327,462 | F |
| MW EUREKA | $4,000,184 | F |
| PENNANT WINDWARD FUND, LTD. | $204,590 | F |
| SEG PARTNERS | $3,879,765 | F |
| SENATOR GLOBAL OPPORTUNITY OFFSHORE FUND | $3,331,111 | F |
| TORONADO | $2,444,196 | F |
| WASHINGTON HARBOR CAPITAL | $152,006 | F |
| WHALE ROCK | $1,829,022 | F |
| WOODSON CAPITAL OFFSHORE | $1,205,438 | F |
| WELLINGTON DURABLE COMPANIES | $3,665,438 | F |
| GOLUB | $1,045,497 | F |
| HAIDAR JUPITER | $1,106,067 | F |
| BLACKSTONE REAL ESTATE INCOME TRUST | $1,103,960 | F |
| INSIGHT PARTNERS OPPORTUNITIES I CAYMAN | $416,204 | F |
| INSIGHT PARTNERS FUND XII CAYMAN | $292,335 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $41,661,352 | TotalBookValueSecuritiesAmt |
| Total Rev Etc Audited Fincl Stmt | -$1,647,994 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$15,125,378 | NetUnrealizedGainsInvstAmt |
| Revenue Not Reported | -$15,125,378 | RevenueNotReportedAmt |
| Revenue Subtotal | $13,477,384 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $627,628 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | $1,243,710 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $1,871,338 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $15,348,722 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $15,306,199 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $15,306,199 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $627,628 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $1,193,710 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $1,821,338 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $17,127,537 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART V, LINE 4: | INCOME FROM THE SCHOOL'S ENDOWMENT FUNDS IS APPLIED TO ACTIVITIES SUPPORTING ITS MISSION AS A BALLET ACADEMY. CERTAIN FUNDS ARE DESIGNATED TO SUPPORT SPECIFIC PURPOSES AS PER DONOR INTENT, MOST SIGNIFICANTLY SCHOLARSHIP AND FACULTY SALARIES. DURING FY 2022, THE SCHOOL USED A DRAW RATE OF 5.5% FROM THE ENDOWMENT FUNDS BASED ON THE MARKET VALUES OF ROLLING 20 QUARTERS. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | SCHOLARSHIPS 1,193,710. REVERSAL OF PLEDGE 50,000. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | SCHOLARSHIPS 1,193,710. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (1) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE E, PART I, LINE 3 | SEE PART II |
| SCHEDULE E, PART I, LINE 6 | DURING FY 2022, THE SCHOOL HAD GRANTS TO SUPPORT PROGRAM ACTIVITIES FROM THE NATIONAL ENDOWMENT FOR THE ARTS, NEW YORK STATE COUNCIL ON THE ARTS, AND NEW YORK CITY DEPARTMENT OF CULTURAL AFFAIRS. |
| LINE 3 - SAB'S NON-DISCRIMINATION POLICY STATEMENT | THE SCHOOL OF AMERICAN BALLET HAS A NON-DISCRIMINATION POLICY WITH RESPECT TO ALL THE RIGHTS, PRIVILEGES, PROGRAMS AND ACTIVITIES GENERALLY ACCORDED OR MADE AVAILABLE TO STUDENTS AT THE SCHOOL. IT DOES NOT DISCRIMINATE ON THE BASIS OF SEX, RACE, COLOR, SEXUAL ORIENTATION, NATIONAL ORIGIN OR ANY OTHER PROTECTED CHARACTERISTICS IN ADMINISTRATION OF ITS EDUCATION POLICIES, ADMISSION POLICIES, SCHOLARSHIP PROGRAMS OR ANY OTHER SCHOOL ADMINISTERED PROGRAMS. THIS STATEMENT WAS INCLUDED IN FULL IN THE FOLLOWING ADVERTISING AND PROMOTIONAL MATERIALS. --SCHOOL YEAR HANDBOOK DISTRIBUTED TO THE ENTIRE WINTER TERM STUDENT BODY --SAB'S WEBSITE (SAB.ORG) ADMISSIONS SECTION --THE SCHOOL'S EMPLOYEE HANDBOOK DISTRIBUTED TO ALL EMPLOYEES THE BOARD REAFFIRMED ITS COMMITMENT TO NON-DISCRIMINATION BY RESOLUTION PASSED IN APRIL 2015. |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | WINTER BALL | Event1Nm |
| Gross Receipts Event1 | $1,090,200 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $786,062 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $304,138 | GrossRevenueEvent1Amt |
| Rent Facility Costs Event1 | $66,310 | RentFacilityCostsEvent1Amt |
| Food And Beverage Event1 | $237,828 | FoodAndBeverageEvent1Amt |
| Event2 | WORKSHOP BENEFIT | Event2Nm |
| Gross Receipts Event2 | $793,565 | GrossReceiptsEvent2Amt |
| Charitable Contri Event2 | $570,833 | CharitableContriEvent2Amt |
| Gross Revenue Event2 | $222,732 | GrossRevenueEvent2Amt |
| Rent Facility Costs Event2 | $46,354 | RentFacilityCostsEvent2Amt |
| Food And Beverage Event2 | $176,378 | FoodAndBeverageEvent2Amt |
| Other Events Total | 2 | OtherEventsTotalCnt |
| Gross Receipts Other Events | $288,420 | GrossReceiptsOtherEventsAmt |
| Charitable Contri Other Events | $211,303 | CharitableContriOtherEventsAmt |
| Gross Revenue Other Events | $77,117 | GrossRevenueOtherEventsAmt |
| Food And Beverage Other Events | $77,117 | FoodAndBeverageOtherEventsAmt |
| Gross Receipts Total | $2,172,185 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $1,568,198 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $603,987 | GrossRevenueTotalEventsAmt |
| Rent Fclty Costs Total Events | $112,664 | RentFcltyCostsTotalEventsAmt |
| Food And Beverage Total Events | $491,323 | FoodAndBeverageTotalEventsAmt |
| Direct Expense Summary Events | $603,987 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | $0 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (4 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Valuation Method UsedValuationMethodUsedDesc | Non Cash AssistanceNonCashAssistanceDesc |
|---|---|---|---|---|---|
| TUITION AND ROOM & BOARD SCHOLARSHIPS | 250 | $0 | $1,193,710 | BOOK | FINANCIAL AID |
| TRAVEL STIPENDS | 2 | $600 | |||
| ACADEMIC SCHOOL SCHOLARSHIPS | 12 | $104,000 | |||
| WIEN AWARDS FOR EXCELLENCE | 4 | $40,000 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | GRANT FUNDS ARE SOLELY FOR THE PURPOSE OF PROVIDING FINANCIAL ASSISTANCE TO STUDENTS ENROLLED AT THE SCHOOL OF AMERICAN BALLET. FINANCIAL ASSISTANCE IS LARGELY DIRECTED TO AID WITH COSTS OF TUITION AND ROOM & BOARD. FINANCIAL AID GRANTS FOR TUITION AND ROOM & BOARD ARE CREDITED DIRECTLY TO STUDENTS' ACCOUNTS; THERE IS NO CASH DISTRIBUTION. MODEST TRAVEL STIPENDS ARE PAID AS REIMBURSEMENTS UPON RECEIPT OF EXPENSE DOCUMENTATION. ACADEMIC SCHOLARSHIPS WERE REMITTED DIRECTLY TO LOCAL SCHOOLS. WIEN AWARDS ARE GIVEN TO SELECTED STUDENTS FOR THEIR OUTSTANDING PROMISE AND A FACULTY MEMBER FOR DISTINGUISHED SERVICE. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | Yes (1) | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (8 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CARRIE W HINRICHS | ||||||||||||||
| EXECUTIVE DIRECTOR | $333,532 | $0 | $0 | $0 | $0 | $0 | $342 | $0 | $22,054 | $0 | $355,928 | $0 | $0 | $0 |
| KAY MAZZO BELLAS | ||||||||||||||
| CO-CHAIR OF FACULTY | $229,366 | $0 | $0 | $0 | $0 | $0 | $2,076 | $0 | $0 | $0 | $231,442 | $0 | $0 | $0 |
| KATRINA K KILLIAN | ||||||||||||||
| TEACHER | $228,085 | $0 | $0 | $0 | $0 | $0 | $1,949 | $0 | $27,937 | $0 | $257,971 | $0 | $0 | $0 |
| SUSAN PILARRE | ||||||||||||||
| TEACHER | $145,121 | $0 | $0 | $0 | $0 | $0 | $1,189 | $0 | $17,492 | $0 | $163,802 | $0 | $0 | $0 |
| KRISTEN L BARRETT | ||||||||||||||
| DIRECTOR OF DEVELOPMENT | $143,022 | $0 | $0 | $0 | $0 | $0 | $17,898 | $0 | $17,878 | $0 | $178,798 | $0 | $0 | $0 |
| ALLEN PEIFFER | ||||||||||||||
| TEACHER | $164,875 | $0 | $0 | $0 | $0 | $0 | $1,322 | $0 | $17,496 | $0 | $183,693 | $0 | $0 | $0 |
| BARBRA J SILVER | ||||||||||||||
| SR. DIR. SPECIAL EVENTS & CORPORATE | $129,895 | $0 | $0 | $0 | $0 | $0 | $8,714 | $0 | $20,050 | $0 | $158,659 | $0 | $0 | $0 |
| F STEPHEN DEWHURST | ||||||||||||||
| CHIEF FINANCIAL OFFICER(TO MAR 2021) | $40,145 | $0 | $0 | $0 | $142,750 | $0 | $17,437 | $0 | $5,132 | $0 | $205,464 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINES 4A-B | FormAndLineReferenceDesc |
| Explanation | F. STEPHEN DEWHURST RECEIVED $142,750 IN SEVERANCE PURSUANT TO A SEPARATION AGREEMENT. | ExplanationTxt |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE TRUST FOR CULTURAL RESOURCES OF NYC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Issuer EIN | 911882413 | BondIssuerEIN |
| Bond Issued | 2016-03-03 | BondIssuedDt |
| Issue Price | $8,845,000 | IssuePriceAmt |
| Purpose | REFUNDING OF A PRIOR ISSUE | PurposeDesc |
| Defeased | 0 | DefeasedInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Pool Financing | 0 | PoolFinancingInd |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Total Proceeds | $8,845,000 | TotalProceedsAmt |
| Issuance Costs From Proceeds | $175,775 | IssuanceCostsFromProceedsAmt |
| Capital Expenditures | $8,669,225 | CapitalExpendituresAmt |
| Refunding Tax Exempt Bonds | Yes (1) | RefundingTaxExemptBondsInd |
| Refunding Taxable Bonds | 0 | RefundingTaxableBondsInd |
| Final Allocation Made | Yes (1) | FinalAllocationMadeInd |
| Adequate Books And Rec Maint | Yes (1) | AdequateBooksAndRecMaintInd |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Owning Bond Financed Property | 0 | OwningBondFinancedPropertyInd |
| Any Lease Arrangements | Yes (1) | AnyLeaseArrangementsInd |
| Mgmt Contract Bond Fincd Prop | 0 | MgmtContractBondFincdPropInd |
| Any Research Agreements | 0 | AnyResearchAgreementsInd |
| Private Bus Use By Others | 0.00000 | PrivateBusUseByOthersPct |
| Private Bus Concerning UBI | 0.00000 | PrivateBusConcerningUBIPct |
| Total Private Business Use | 0.00000 | TotalPrivateBusinessUsePct |
| Bond Iss Meet Prvt Sec Pymt Test | 0 | BondIssMeetPrvtSecPymtTestInd |
| Change In Use Bond Financed Prop | 0 | ChangeInUseBondFinancedPropInd |
| Procs Nonqualified Bond Remdtd | Yes (1) | ProcsNonqualifiedBondRemdtdInd |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Form8038 T Filed | 0 | Form8038TFiledInd |
| Rebate Not Due Yet | 0 | RebateNotDueYetInd |
| Exception To Rebate | Yes (1) | ExceptionToRebateInd |
| No Rebate Due | Yes (1) | NoRebateDueInd |
| Variable Rate Issue | 0 | VariableRateIssueInd |
| Hedge Identified In Bks And Rec | 0 | HedgeIdentifiedInBksAndRecInd |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGICInd |
| Gross Proceeds Invested | 0 | GrossProceedsInvestedInd |
| Written Proc To Monitor Reqs | Yes (1) | WrittenProcToMonitorReqsInd |
Procedures Corrective Action ProceduresCorrectiveActionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Procedures Corrective Action | Yes (1) | ProceduresCorrectiveActionInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE K - PART I (F) | FormAndLineReferenceDesc |
| Explanation | PART I(F): THE BONDS REFUND THE BORROWER'S SERIES 2006 (DATED 08/08/2006). PART III, LINE 7 - AS PROVIDED IN TREASURY REGULATION SECTION 1.141-4(C)(2)(1)(B), THE AMOUNT OF PRIVATE PAYMENTS TAKEN INTO ACCOUNT UNDER THE PRIVATE PAYMENT TEST MAY NOT EXCEED THE AMOUNT OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS USE. ACCORDINGLY, THE AMOUNT OF PRIVATE PAYMENTS FOR THE REPORTING PERIOD DOES NOT EXCEED THE AMOUNT STATED IN PART III, LINE 6. THE ORGANIZATION HAS NOT UNDERTAKEN AN ANALYSIS OF THE PRIVATE SECURITY TEST WITH RESPECT TO THE BONDS, AS THE LEVEL OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS REPORTED IN PART III, LINE 6, IS NOT IN EXCESS OF AMOUNTS PERMITTED UNDER SECTION 145 OF THE CODE. PART IV, LINE 2(B): THE BONDS HAVE MET THE 6-MONTH EXPENDITURE EXCEPTION TO REBATE. PART IV, LINE 2 (C): AN OPINION BY ORRICK WAS DELIVERED ON MAY 12, 2021 STATING THAT NO REBATE IS DUE BECAUSE THE BONDS MET THE 6-MONTH EXPENDITURE EXCEPTION TO REBATE. | ExplanationTxt |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 21 | ContributionCnt |
| Noncash Contributions Rpt F990 | $251,884 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FAIR MARKET VALUE | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 0 | Form8283ReceivedCnt |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11B | IN ADVANCE OF SUBMITTING THE SCHOOL'S FY 2022 FORM 990, IT WAS INITIALLY REVIEWED BY THE DIRECTOR OF FINANCE AND EXECUTIVE DIRECTOR. ONCE FINALIZED, THE NEXT STEP IN THE REVIEW PROCESS WAS DISTRIBUTION TO THE SCHOOL'S BUDGET, AUDIT AND COMPENSATION COMMITTEE, CHAIRMAN OF THE BOARD, AND TREASURER WHO WERE ALL INVITED TO COMMENT. THE FINAL STEP WAS DISTRIBUTION TO ALL MEMBERS OF THE SCHOOL'S BOARD OF DIRECTORS WHO ALSO HAD TIME TO OFFER COMMENTS PRIOR TO SUBMISSION OF THE FORM 990. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE SCHOOL REQUIRES DISCLOSURE AT THE TIME THAT A TRANSACTION IS BEING CONSIDERED OF ANY INTEREST THAT A DIRECTOR, OFFICER OR EMPLOYEE MAY HAVE IN THE TRANSACTION. SHOULD A TRANSACTION INVOLVE BOARD APPROVAL, ANY INTERESTED PARTY IS REQUIRED TO RETIRE FROM THE MEETING DURING THE DECISION MAKING OF THE MATTER UNDER CONSIDERATION. FUTHERMORE, THE SCHOOL HAS A DETAILED CONFLICT OF INTEREST QUESTIONNAIRE THAT IS REQUIRED OF ALL DIRECTORS, OFFICERS AND KEY EMPLOYEES ANNUALLY. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE SCHOOL REVIEWS COMPENSATION OF KEY EMPLOYEES ANNUALLY. THESE REVIEWS UTILIZE COMPARABILITY DATA FROM A NUMBER OF SIMILAR ORGANIZATIONS. THE INDEPENDENT REVIEW OF THIS INFORMATION IS DONE BY THE EXECUTIVE COMMITTEE IN THE CASE OF THE EXECUTIVE DIRECTOR AND THE ARTISTIC DIRECTOR AND BY THE BUDGET, AUDIT AND COMPENSATION COMMITTEE FOR OTHER KEY EMPLOYEES, SPECIFICALLY CHAIRMAN OF FACULTY, DIRECTOR OF FINANCE AND DIRECTORS OF DEVELOPMENT, DIRECTOR OF PUBLIC RELATIONS AND DEAN OF STUDENTS. THESE REVIEWS ARE DONE IN EXECUTIVE SESSION OF THE RESPECTIVE COMMITTEES DURING THE BUDGET PROCESS AND, DUE TO THE CONFIDENTIAL NATURE OF THE INFORMATION, ARE NOT DOCUMENTED IN MEETING MINUTES. IN 2020, THE BOARD COMMITTEE EXTENDED THE EXECUTIVE DIRECTOR'S CONTRACT FOR 5 YEARS. THE EXECUTIVE DIRECTOR'S SALARY WAS REVIEWED AND APPROVED WITH COMPARABILITY INFORMATION COVERING 09/04/2020 - 09/03/2025. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE SCHOOL MAKES ITS FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC BY POSTING THEM ON ITS WEBSITE; HARD COPIES ARE ALSO AVAILABLE UPON REQUEST. COPIES OF THE SCHOOL'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE PROVIDED TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART XI, LINE 9: | REVERSAL OF A PRIOR YEAR PLEDGE -50,000. |
| SCHEDULE B, SCHEDULE OF CONTRIBUTORS | CONTRIBUTIONS ON SCHEDULE B WHICH RELATE TO UNCONDITIONAL PROMISES TO GIVE (RECEIVABLES) ARE REFLECTED GROSS OF DISCOUNTS TO PRESENT VALUE. ACCORDINGLY, THE TOTAL OF THE CONTRIBUTIONS REFLECTED ON SCHEDULE B MAY BE GREATER THAN THE AMOUNT OF CONTRIBUTIONS REFLECTED ON PAGE 9, PART VIII, LINE 1H. |
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