2015-05-13T15:02:12-05:00 2014-06-30 271728945 O'CONNOR DAVIES LLP 665 FIFTH AVENUE NEW YORK NY 10022 990 2013-07-01 132501829 AMDA INC (AMERICAN MUSICAL AND DRAMATIC ACADEMY & SUBSIDIARIES) AMDA 2127875300 211 WEST 61ST STREET NEW YORK NY 10023 DAVID SILVERMAN CHIEF FINANCIAL OFFICER 2129573331 2015-05-07 1 GARRETT M HIGGINS P00543209 2122862600 2015-05-07 2013 2016-02-25 16:41:14Z SEE SCHEDULE O JAN R MARTIN 211 WEST 61ST STREET NEW YORK NY 10023 57271419 0 X WWW.AMDA.EDU X 1964 NY SEE SCHEDULE O 8 6 1451 6 13766 -30631 0 60000 56538707 56019146 32391 25287 118847 138725 56689945 56243158 9772979 10491705 0 0 22286353 22719988 0 0 0 23096165 21254350 55155497 54466043 1534448 1777115 68511860 76724903 49669196 56794964 18842664 19929939 X AMDA IS COMMITTED TO PROVIDING AN UNSURPASSED PERFORMING ARTS EDUCATION TO A DIVERSE COMMUNITY OF CREATIVE ARTISTS. AMDA SEEKS TO BE BOTH THE SCHOOL AND THE STAGE, WHERE STUDENTS ARE GIVEN THE SUPPORT AND THE FREEDOM TO FIND THEIR VOICE AND TO DESIGN AND CREATE THEIR OWN UNIQUE ARTISTIC VISION. WE STRIVE TO CREATE AN ENVIRONMENT FOR OUR STUDENTS TO DEVELOP THE SKILLS, CONFIDENCE, IMAGINATION AND POWER TO CONTRIBUTE TO THEIR COMMUNITY AS ARTISTS, ENTREPRENEURS, VISIONARIES, LIFELONG LEARNERS AND CONSCIENTIOUS CITIZENS OF THE WORLD. TO ACHIEVE THIS, AMDA PROVIDES RIGOROUS, PERFORMANCE-BASED TRAINING AND AN INDUSTRY-FOCUSED EDUCATION EXPERIENCE THAT INSPIRES EXCELLENCE AND PREPARES ARTISTS WITH AN APPRECIATION FOR THE UNIVERSAL POWER OF TRANSFORMATION THROUGH ART. ABOVE ALL, WE WANT TO TEACH OUR STUDENTS THAT COMMITMENT, PASSION, AND JOY ARE THE HALLMARKS TO A SUCCESSFUL CAREER. 0 0 34940611 10491705 47830126 INSTRUCTION: PROVIDE FULL-TIME POST SECONDARY TRAINING FOR APPROXIMATELY 1,300 STUDENTS IN THE PERFORMING ARTS. TWO PROGRAMS ARE AVAILABLE TO STUDENTS-A TWO-YEAR CONSERVATORY PROGRAM AND A FULL FOUR-YEAR BACHELOR OF FINE ARTS DEGREE IN MULTIPLE FIELDS OF STUDY (MUSICAL THEATER, ACTING, DANCE THEATER AND PERFORMING ARTS)). INSTRUCTION-RELATED SERVICES ALSO INCLUDE EDUCATIONAL SUPPORT AND RELATED STUDENT SERVICES. 5669020 8272319 AUXILLIARY SERVICES: PROVIDES SERVICES TO SUPPORT THE INSTRUCTION OF THE EDUCATIONAL INSTITUTION INCLUDING STUDENT HOUSING, FOOD SERVICES, BOOKSTORE, AND RELATED SERVICES. 40609631 1 1 0 0 0 0 0 0 1 0 1 0 0 1 1 1 0 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 1 0 0 0 0 0 0 1 1 1 1 0 1 119 0 1451 1 1 1 0 0 0 0 0 0 0 0 0 X 8 6 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA NY X X DAVID SILVERMAN - CFO 2127875300 211 WEST 61ST STREET NEW YORK NY 10023 JAN R MARTIN CEO/DIRECTOR - SEE SCH. J & O 50.00 5.00 X X 476839 0 60464 DAVID D MARTIN PRESIDENT/DIRECTOR - SEE SCH. J & O 50.00 2.00 X X 517600 0 61022 NANCY SULLIVAN CHAIRPERSON/DIRECTOR 5.00 5.00 X X 0 0 0 SHARON KELLY DIRECTOR 3.00 X 0 0 0 ELISA LEFKOWITZ SECRETARY/DIRECTOR 3.00 X X 0 0 0 MOLLY ZIEMINSKI DIRECTOR 1.00 X 0 0 0 MATT MCALPINE DIRECTOR 1.00 X 0 0 0 JON FREEDMAN DIRECTOR 1.00 X 0 0 0 DAVID SILVERMAN CHIEF FINANCIAL OFFICER 50.00 5.00 X 271235 0 56981 DENNIS ABENANTY MANAGING DIRECTOR 40.00 X 134143 0 9235 EDWIN RIHERD DIRECTOR OF EDUCATION 40.00 X 135386 0 9183 MARK RUGGIERO DIRECTOR OF FINANCIAL AID 40.00 X 143302 0 9228 MARINA BENEDICT FACULTY 40.00 X 118630 0 9200 DANIEL TORRES DIRECTOR OF FACILITIES 30.00 10.00 X 129817 0 8926 1926952 0 224239 16 0 1 0 ANDREWS INTERNATIONAL PO BOX 417142 BOSTON MA 022417142 SECURITY 624326 OAKWOOD CORPORATE HOUSING 27 BARKER AVE WHITE PLAINS NY 10601 HOUSING RENTALS 554375 BARGAIN PRINTING 777 YAMATO ROAD BOCA RATON FL 33431 PRINTING 478684 RADIUS PRODUCTION INC 3858 LOST SPRING DRIVE AGOURA HILLS CA 91301 VIDEO PRODUCTION 460532 ROYALL & COMPANY 6305 YUCCA ST LOS ANGELES CA 90028 ADVERTISING 351078 21 60000 60000 TUITION 900099 47746827 47746827 AUXILIARY SERVICES 900099 8172433 8172433 WORK STUDY REIMB 900099 99886 99886 56019146 25287 25287 563656 763424 -199768 -199768 12907 -212675 348136 264837 83299 83299 OTHER REVENUE 900099 223633 223633 LAUNDRY REVENUE 900099 25609 859 24750 TRANSCRIPT REVENUE 900099 5952 5952 255194 56243158 56102445 13766 66947 10491705 10491705 1316311 1041827 274484 178100 178100 18040049 12446815 5593234 66481 46537 19944 1303929 915389 388540 1815118 1270583 544535 704088 131297 572791 160686 160686 151258 63744 87514 1966404 1883187 83217 3462257 1979488 1482769 295664 295664 1635551 1635551 323025 20257 302768 1996072 983815 1012257 2077747 2077747 439281 222598 216683 HOUSING RENTALS 3985689 3985689 STUDENT ACTIVITY EXP 1924110 1924110 SCHOLARSHIP AUDITIONS 1327011 1327011 EQUIP RENTAL & MAINT 320497 80985 239512 485010 159043 325967 54466043 40609631 13856412 0 5497404 4983520 12818927 8891041 630420 853922 36660 120665 237936 464893 72774612 15378867 44388177 57395745 29689 4872647 4015117 68511860 76724903 1564371 1038117 8317678 9315912 30600 30000 93604 36809 35923280 44359891 3739663 2014235 49669196 56794964 X 18842664 19929939 18842664 19929939 68511860 76724903 X 1777115 -689840 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 19573208 19573208 32292645 5511305 26781340 11367984 3850730 7517254 6358748 4291805 2066943 3182027 1725027 1457000 57395745 SECURITY DEPOSITS 620070 DEFERRED FINANCING COSTS, NET 697783 DEFERRED LEASE COST, NET 289345 DUE FROM MSA, INC. 2362370 RENT RECEIVABLE 45549 4015117 DEFERRED COMPENSATION PAYABLE 100000 DEFERRED RENT 746327 FAIR VALUE OF INTEREST RATE SWAP LIABILITY 1167908 2014235 X 46535829 881986 881986 45653843 10589315 10589315 56243158 45210452 3283724 3283724 41926728 12539315 12539315 54466043 PART IV, LINE 2B: AMDA HOLD SECURITY DEPOSITS TOTALING $30,000 FOR A LEASE FOR USE OF ITS HOUSING AND STUDIO SPACE. THE FUNDS ARE RETURNED AT THE END OF THE LEASE OR ARE TO BE USED TO BE APPLIED TO DAMAGES OF THE SPACE, IF ANY, OR NON-PAYMENT OF RENT. NONE OF THE SECURITY DEPOSITS ARE INTEREST BEARING, NOR ARE REQUIRED TO BE IN A SEGREGATED BANK ACCOUNT. PART X, LINE 2: THE ACADEMY RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE ACADEMY HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE ACADEMY IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO FISCAL YEAR 2011. PART XI, LINE 2D - OTHER ADJUSTMENTS: CONSOLIDATED REVENUE INCLUDED ON RELATED ENTITY FORM 990 118,562. RENTAL EXPENSES REPORTED ON PART VIII, LINE 6B 763,424. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS NETTED AGAINST REVENUE 10,491,705. SALARY EXPENSE NETTED AGAINST MERCHANDISE SALES 97,610. PART XII, LINE 2D - OTHER ADJUSTMENTS: CONSOLIDATED EXPENSES INCLUDED ON RELATED ENTITY FORM 990 2,520,300. RENTAL EXPENSES REPORTED ON PART VIII, LINE 6B 763,424. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS NETTED AGAINST REVENUE 10,491,705. ALLOCATION OF HOUSING EXPENSES FROM MSA, INC. (100% OWNED SUBSIDIARY) 1,950,000. SALARY EXPENSE NETTED AGAINST MERCHANDISE SALES 97,610. 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 AN ADVERTISEMENT WAS PLACED IN THE NEW YORK TIMES WEEKEND JOURNAL WHICH IS DISTRIBUTED NATIONALLY. ADDITIONALLY, THE SCHOOL PUBLISHES THE FOLLOWING STATEMENT IN THE CATALOGUE, APPLICATION FOR ADMISSION, STUDENT HANDBOOK, FACULTY HANDBOOK AND EMPLOYEE HANDBOOK: THE AMERICAN MUSICAL AND DRAMATIC ACADEMY IS AN EQUAL OPPORTUNITY INSTITUTION. DECISIONS CONCERNING ADMISSION, ENROLLMENT, STATUS, FINANCIAL AID, OR EMPLOYMENT BY AMDA ARE BASED ON TALENT AND QUALIFICATIONS, WITHOUT REGARD TO RACE, COLOR, RELIGION, SEX, AGE, SEXUAL ORIENTATION, NATIONAL OR ETHNIC ORIGIN OR DISABILITY. SCHEDULE E, PART I, LINE 4 AMDA DOES NOT SOLICIT CONTRIBUTIONS. SCHEDULE E, PART I, LINE 6 AMDA RECEIVES FINANCIAL AID ON BEHALF OF ITS STUDENTS. 1 NATIONAL SCHOLARSHIPS 1250 6490600 INSTITUIONAL AID 802 2533530 MERIT AWARDS 278 660626 INTERNATIONAL SCHOLARSHIP 12 14750 SUMMER GRANTS 104 79300 VIP SCHOLARSHIPS 404 484316 CAL GRANT SUBSTITUTION GRANT 34 219133 JUNIOR SCHOLARSHIP 16 9450 PART I, LINE 2: INSTITUTIONAL AID AWARD TYPE: NEED BASED WHO AWARDS: FINANCIAL AID DEPARTMENT THE FINANCIAL AID DEPARTMENT REVIEWS EACH APPLICANT WHO IS ELIGIBLE FOR FINANCIAL ASSISTANCE TO DETERMINE IF THE APPLICANT QUALIFIES FOR A SPECIAL PROGRAM, SPONSORED AND FUNDED BY AMDA, CALLED INSTITUTIONAL AID APPLICANTS: EVERY APPLICANT IS REVIEWED FOR ELIGIBILITY FOR THE INSTITUTIONAL AID WHEN THE APPLICANT IS BEING PACKAGED. THIS OCCURS UPON RECEIPT OF THE APPLICANT'S SAR, WHICH IS GENERATED BY THE US DEPARTMENT OF EDUCATION AFTER THE STUDENT HAS COMPLETED THEIR FAFSA. THE REVIEW OF INSTITUTIONAL AID ELIGIBILITY AND PACKAGING IS DONE BY THE FINANCIAL AID STAFF MEMBER THAT IS RESPONSIBLE FOR THE PACKAGING AND MANAGEMENT OF THE INCOMING STUDENT POPULATION FOR THAT RESPECTIVE CAMPUS. CURRENTLY ENROLLED STUDENTS: EACH STUDENT WHO IS CURRENTLY ENROLLED IS REVIEWED FOR ELIGIBILITY FOR INSTITUTIONAL AID WHEN THE STUDENT IS BEING PACKAGED AT THE BEGINNING OF EACH NEW ACADEMIC YEAR. AS WITH APPLICANTS, ELIGIBILITY IS CALCULATED ONCE THE STUDENT'S SAR HAS BEEN RECEIVED. SPECIAL CIRCUMSTANCES/NOTES: IF A PROFESSIONAL JUDEGEMENT IS COMPLETED TO REDUCE THE STUDENT'S INCOME AND THUS, EFC, WE WILL ALSO INCREASE THE STUDENT'S AMDA GRANT AWARD AMOUNT TO REFLECT THE NEWLY CALCULATED EFC. NATIONAL SCHOLARSHIP AWARD TYPE: MERIT BASED WHO AWARDS: ADMISSIONS DEPARTMENT THE ADMISSIONS DEPARTMENT, SPECIFICALLY THE ADMISSIONS DIRECTORS, REVIEWS EACH APPLICANT'S APPLICATION TO DETERMINE IF THE APPLICANT QUALIFIES FOR A SPECIAL PROGRAM, SPONSORED AND FUNDED BY AMDA, CALLED NATIONAL SCHOLARSHIP. THE DETERMINATION OF THE AMOUNT IS CALCULATED UTILIZING A RUBRIC ANALYZING SEVERAL COMPONANTS OF THE STUDENT APPLICATION AND AUDITION, SPECIFICALLY THEIR HIGH SCHOOL/COLLEGE GPA (GRADE POINT AVERAGE), INTERVIEW, LETTERS OF RECOMMENDATION, ESSAY AND AUDITION SCORE. APPLICANTS: EVERY APPLICANT IS REVIEWED FOR ELIGIBILITY FOR THE NATIONAL SCHOLARSHIP DURING THE ADMISSION PROCESS. ONCE A SCHOLARSHIP DECISION HAS BEEN MADE THE FINANCIAL AID COUNSELOR IS RESPONSIBLE FOR PACKAGING THE SCHOLARSHIP AND THE PARTICULAR STUDENT IS NOTIFIED. CURRENTLY ENROLLED STUDENTS: NATIONAL SCHOLARSHIPS ARE RENEWABLE TO ALL CONTINUING STUDENTS FROM ONE ACADEMIC YEAR TO THE NEXT. THE NATIONAL SCHOLARSHIPS ARE RE-PACKAGED ONCE WE HAVE RECEIVED THE STUDENT'S NEW SAR AND ARE PACKAGING THEM FOR THE NEW ACADEMIC YEAR. FIRST YEAR MERIT AWARDS AWARD TYPE: NEED & MERIT BASED WHO AWARDS: ADMISSIONS DEPARTMENT BASED ON AN APPEAL SUBMITTED BY THE APPLICANT, THE ADMISSIONS DEPARTMENT, SPECIFICALLY THE ADMISSIONS DIRECTORS, MAY RE-REVIEW AN APPLICANT'S APPLICATION AND AUDITION RESULTS, AS WELL AS ANY ADDITIONAL INFORMATION OUTLINING FINANCIAL HARDSHIP SUBMITTED BY THE APPLICANT WITHIN THEIR APPEAL, TO DETERMINE IF THE APPLICANT QUALIFIES FOR A SPECIAL PROGRAM, SPONSORED AND FUNDED BY AMDA, CALLED A "FIRST YEAR MERIT AWARD". APPLICANTS: APPLICANTS ARE ONLY CONSIDERED FOR FIRST YEAR MERIT AWARD, IF THEY APPEAL FOR ADDITIONAL SCHOLARSHIP AFTER THEY HAVE BEEN NOTIFIED OF THEIR AMDA SCHOLARSHIP AWARD AND FA PACKAGE. CONTINUING MERIT AWARDS AWARD TYPE: NEED & MERIT BASED WHO AWARDS: THE SCHOLARSHIP COMMITTEE AT THE STUDENT'S RESPECTIVE CAMPUS THE SCHOLARSHIP COMMITTEE AT EACH CAMPUS REVIEWS REQUESTS FOR CONTINUING MERIT AWARDS SUBMITTED BY CURRENTLY ENROLLED STUDENTS, FOR ADDITIONAL INSTITUITIONAL AID. EACH REQUEST IS REVIEWED BY THE SCHOLARSHIP COMMITTEE CONSISTING OF A FINANCIAL AID, EDUCATION AND ADMINISTRATIVE REPRESENTATIVE. THE SCHOLARSHIP COMMITTEE DETERMINES WHETHER TO AWARD THE STUDENT ADDITIONAL FINANCIAL ASSISTANCE IN THE FORM OF A SPECIAL PROGRAM, SPONSORED AND FUNDED BY AMDA, CALLED THE "CONTINUING MERIT AWARD". SCHOLARSHIP COMMITTEE DECISIONS ARE DETERMINED BY REVIEWING INFORMATION PROVIDED BY THE STUDENT WITHIN THE REQUEST, FEEDBACK FROM RELEVANT FACULTY/STAFF AND INFORMATION FROM FINANCIAL AID AND STUDENT ACCOUNTS. APPLICANTS: INCOMING APPLICANTS ARE NOT ELIGIBLE FOR THE CONTINUING MERIT AWARDS. CURRENTLY ENROLLED STUDENTS: CONTINUING STUDENTS MAY REQUEST FOR THE CONTINUING MERIT AWARD BY SUBMITTING A CONTINUING STUDENT SCHOLARSHIP REQUEST PROVIDED BY A FINANCIAL AID ADVISOR AT THEIR RESPECTIVE CAMPUS. AS REQUESTS ARE RECEIVED, THE ADDITIONAL RELEVANT INFORMATION IS COMPILED ON THE STUDENT AND THEN DISTRIBUTED TO THE SCHOLARSHIP COMMITTEE FOR REVIEW. THE SCHOLARSHIP COMMITTEE WILL THEN MEET AND MAKE A DETERMINATION. INTERNATIONAL SCHOLARSHIP AWARD TYPE: MERIT BASED WHO AWARDS: ADMISSIONS DEPARTMENT THE ADMISSIONS DEPARTMENT, SPECIFICALLY THE ADMISSIONS DIRECTORS, REVIEW EACH INTERNATIONAL APPLICANTS APPLICATION AND AUDITION RESULTS TO DETERMINE IF THE APPLICANT QUALIFIES FOR A SPECIAL PROGRAM, SPONSORED AND FUNDED BY AMDA, CALLED THE "INTERNATIONAL SCHOLARSHIP". THE INTERNATIONAL SCHOLARSHIP IS A TUITION CREDIT GIVEN BY AMDA THAT GENERALLY RANGE IN THE AMOUNTS OF $1,000 TO $10,000 AND IS SUPPLEMENTAL TO ANY AMDA SCHOLARSHIP ALREADY AWARDED. RECIPIENTS OF THIS AWARD ARE DETERMINED BASED ON FURTHER IN-DEPTH REVIEW OF THE APPLICANT'S ADMISSIONS MATERIALS INCLUDING THEIR APPLICATION AND AUDITION, SPECIFICALLY THEIR HIGH SCHOOL TRANSCRIPT/GPA, LETTERS OF RECOMMENDATION, ESSAY AND AUDITION SCORE. APPLICANTS: ONLY OUTSTANDING INTERNATIONAL APPLICANTS ARE CONSIDERED FOR THE INTERNATIONAL SCHOLARSHIP. CURRENTLY ENROLLED STUDENTS: INTERNATIONAL SCHOLARSHIPS ARE RENEWABLE TO CONTINUING INTERNATIONAL STUDENTS FROM ONE ACADEMIC YEAR TO THE NEXT. INTERNATIONAL SCHOLARSHIPS ARE RE-PACKAGED DURING THE FINANCIAL PACKAGING PROCESS FOR EACH NEW ACADEMIC YEAR. INTERNATIONAL SCHOLARSHIPS REQUIRE A MINIMUM GPA OF 3.0 TO MAINTAIN A SCHOLARSHIP FROM ONE ACADEMIC YEAR TO THE NEXT. STUDENTS WHO FALL BELOW THIS STANDARD WILL HAVE THEIR SCHOLARSHIP REMOVED WHEN BEING PACKAGED FOR THEIR NEXT ACADEMIC YEAR. JUNIOR SCHOLARSHIP: AWARD TYPE: MERIT BASED WHO AWARDS: ADMISSIONS DEPARTMENT JUNIOR SCHOLARSHIPS ARE $1000 SCHOLARSHIP AWARDED TO APPLICANTS WHO APPLY AND ARE ACCEPTED TO AMDA DURING THEIR JUNIOR YEAR OF HIGH SCHOOL. THIS $1000 IS RENEWABLE FROM YEAR TO YEAR, IF THE STUDENT MAINTAINS THE MINIMUM 3.0 GPA REQUIREMENT. APPLICANTS: APPLICANTS ARE AWARDED THE JUNIOR SCHOLARSHIP IF THEY APPLY DURING THEIR JUNIOR YEAR OF HIGH SCHOOL. CURRENTLY ENROLLED STUDENTS: CONTINUING STUDENTS MAY CONTINUE TO RECEIVE THE JUNIOR SCHOLARSHIP IF THEY RECEIVED IT DURING THEIR FIRST YEAR AND MAINTAIN THE REQUIRED GPA. CONTINUING STUDENTS WHO DID NOT RECEIVE IT DURING THE FIRST YEAR ARE NOT ELIGIBLE FOR THIS SCHOLARSHIP. ADDITIONAL AWARDS VIP SCHOLARSHIP: VIP SCHOLARSHIPS ARE SCHOLARSHIPS AWARDED TO APPLICANTS WHO SUBMIT A "VIP" APPLICATION. THIS SCHOLARSHIP IS RENEWABLE FROM YEAR TO YEAR, IF THE STUDENT MAINTAINS THE MINIMUM 3.0 GPA REQUIREMENT. SUMMER GRANT: SUMMER GRANTS ARE SCHOLARSHIPS AWARDED TO ALL APPLICANTS, DURING THEIR FIRST YEAR OF STUDY, IF THEY CHOSE TO START DURING THE SUMMER TERM. CALIFORNIA SUBSTITUTION GRANT THE CALIFORNIA SUBSTITUTION GRANT WAS AWARDED TO A CALIFORNIA APPLICANT THAT PREVIOUSLY RECEIVED A CALIFORNIA GRANT, AS PART OF THAT STATE'S PROGRAM. AMDA DID NOT PARTICIPATE IN THE CAL GRANT PROGRAM DURING FISCAL 2014 AND THEREBY AWARDED THIS GRANT IN LIEU OF THE CALIFORNIA STATE PROGRAM. AMDA IS PARTICIPATING IN THE CAL GRANT PROGRAM AGAIN, AND NO LONGER NEEDS TO OFFER THIS AWARD. X X X X X X 0 1 0 0 0 0 0 1 0 JAN R MARTIN CEO/DIRECTOR - SEE SCH. J & O 399350 0 50000 0 27489 0 50000 0 10464 0 537303 0 50000 0 DAVID D MARTIN PRESIDENT/DIRECTOR - SEE SCH. J & O 450000 0 50000 0 17600 0 50000 0 11022 0 578622 0 50000 0 DAVID SILVERMAN CHIEF FINANCIAL OFFICER 229235 0 25000 0 17000 0 25000 0 31981 0 328216 0 25000 0 MARK RUGGIERO DIRECTOR OF FINANCIAL AID 143302 0 0 0 0 0 0 0 9228 0 152530 0 0 0 PART I, LINE 4B DAVID MARTIN AND JAN MARTIN PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED PLAN. NO CONTRIBUTIONS OR DISTRUBUTIONS WERE MADE BY THE PLAN DURING 2013. PART I, LINE 7 DAVID MARTIN, JAN MARTIN AND DAVID SILVERMAN EACH RECEIVED A BOARD DISCRETIONARY BONUS IN THEIR 2013 W-2S. SCHEDULE J, PART II, COLUMN (B): SEE BELOW FOR FURTHER DETAILS REGARDING THESE AMOUNTS REPORTED IN SCHEDULE J, PART II, COLUMN (B): WITH PROFOUND APPRECIATION AND IN RECOGNITION OF OVER 40 YEARS OF CONSISTENT, SUSTAINABLE SUCCESS AND DEDICATION TO AMDA, THE AMDA BOARD OF DIRECTORS HAS PROVIDED A ONE-TIME RETIREMENT BONUS FOR DAVID MARTIN AND JAN MARTIN. DAVID MARTIN AND JAN MARTIN HAVE NOT RECEIVED ANY MEANINGFUL RETIREMENT BENEFITS PROVIDED BY AMDA DURING THEIR ENTIRE RESPECTIVE CAREERS. DAVID MARTIN HAS BEEN PRESIDENT OF AMDA FOR 47 YEARS; JAN MARTIN HAS BEEN THE EXECUTIVE DIRECTOR FOR AMDA FOR 41 YEARS. THE MARTINS' JOURNEY OF DEVOTION TO AMDA BEGAN WHEN THEY PERSONALLY AND FINANCIALLY RESCUED THE STRUGGLING DRAMA SCHOOL IN GREENWICH VILLAGE IN THE 1970S, WHICH AT THE TIME HAD ONLY FORTY STUDENTS. THE AMDA COMMUNITY HAS GROWN TO OVER 2,000 PEOPLE, WITH OVER 1,300 FULL-TIME STUDENTS FROM EVERY STATE IN THE U.S. AND NUMEROUS INTERNATIONAL COUNTRIES. DAVID MARTIN AND JAN MARTIN'S SUCCESS HAS INCLUDED REACHING SIGNIFICANT GOALS FOR AMDA; THEY HAVE ENSURED AMDA'S FINANCIAL LEGACY AND FUTURE STABILITY THROUGH A STRATEGIC PLAN WHICH HAS INCLUDED MULTIPLE PURCHASES OF COMMERCIAL REAL ESTATE HOLDINGS AND CONSISTENT INCREASES IN AMDA'S ANNUAL REVENUE. CURRENTLY, AMDA'S REAL ESTATE HOLDINGS ARE VALUED AT OVER $100 MILLION DOLLARS AND AMDA HAS ANNUAL REVENUE OF OVER $50 MILLION DOLLARS. IN 2003, THE MARTINS FOUNDED A SECOND SISTER CAMPUS IN HOLLYWOOD, AMDA LOS ANGELES, WHICH, UNDER THEIR LEADERSHIP HAS THRIVED AND GROWN RAPIDLY TO BECOME A FULLY OPERATIONAL SUCCESSFUL COLLEGE, OFFERING MULTIPLE BACHELOR OF FINE ARTS DEGREES. THE AMDA COMMUNITY HAS BEEN AND WILL CONTINUE TO BE THE PRIVILEGED RECIPIENT OF THE MARTINS' UNRELENTING LOYALTY AND PASSION FOR AMDA. THE BOARD OF DIRECTORS HAS TAKEN THIS OPPORTUNITY TO FORMALLY THANK DAVID MARTIN AND JAN MARTIN FOR ALL OF THEIR AMAZING CONTRIBUTIONS OVER THE YEARS. TO ADDRESS THE ISSUE OF COMPENSATION AND RETIREMENT USING BEST PRACTICES, THE BOARD HIRED AN OUTSIDE EXPERT COMPENSATION FIRM TO RESEARCH AND EVALUATE APPROPRIATE AWARDS. RATHER THAN STRUCTURING THE RETIREMENT PLAN ON A DEFERRED VESTED BASIS, THE RETIREMENT PLAN IS BEING TREATED AND REPORTED (CALCULATED, PAID, TAXED) ON FORM 990. DAVID MARTIN AND JAN MARTIN HAVE WORKED FOR OVER FOUR DECADES, RELENTLESSLY BUILDING THE SCHOOL ARTISTICALLY, ACADEMICALLY AND PROFESSIONALLY UNTIL THE SCHOOL'S TRANSFORMATIONAL FOUNDATION WAS COMPLETE: AMDA IS NOW A MAJOR, FULLY-ACCREDITED COLLEGE AND CONSERVATORY WHICH HAS EARNED THE UNIQUE DESCRIPTION OF BEING THE ONLY ACCREDITED INSTITUTION OF HIGHER EDUCATION, OFFERING BACHELOR OF FINE ARTS DEGREES AND PROFESSIONAL CERTIFICATE PROGRAMS - DEVOTED ENTIRELY TO THE PERFORMER, WITH CAMPUSES IN NEW YORK CITY AND LOS ANGELES. THE MARTINS HAVE DEVELOPED A SUCCESSFUL AND INNOVATIVE BUSINESS MODEL THAT WILL HELP GUIDE AMDA FOR FUTURE GENERATIONS. OF ADDITIONAL NOTE IS THAT THE MARTINS HAVE ESTABLISHED A FUND TO SUPPORT FUTURE SCHOLARSHIPS AND SUPPORT STUDENT AND FACULTY VISION PROJECTS. THE MARTINS ARE ALSO IN THE DOCUMENTATION STAGE OF DONATING RESIDENTIAL PROPERTY TO AMDA. DAVID AND JAN MARTIN OFFICERS OF THE ORGANIZATION TRAVEL AND RELATED REIMBURSEMENT PROGRAM X 93604 36809 0 1 1 36809 DUNMIRE CONSULTING OWNER IS THE SISTER OF JAN MARTIN, CEO OF AMDA, INC. 178100 THE ACADEMY PAID $178,100 TO THE COMPUTER CONSULTATION FIRM OWNED BY MARGARET DUNMIRE, THE SISTER OF JAN MARTIN, CEO OF AMDA, INC. THIS ARRANGEMENT HAS BEEN APPROVED BY THE BOARD OF DIRECTORS. 0 FORM 990, PART I, LINE 1: THE AMERICAN MUSICAL AND DRAMATIC ACADEMY PROVIDES TWO TRACKS OF EDUCATIONAL PROGRAMS TO MEET THE NEEDS OF THE PERFORMING ARTIST. AMDA'S FOUR-YEAR BFA PROGRAM OFFERS BACHELOR OF FINE ARTS DEGREES IN FOUR DISTINCT ARTISTIC AND ACADEMIC PROGRAMS: *BACHELOR OF FINE ARTS IN ACTING *BACHELOR OF FINE ARTS IN MUSICAL THEATRE *BACHELOR OF FINE ARTS IN DANCE THEATRE *BACHELOR OF FINE ARTS IN PERFORMING ARTS THE CONSERVATORY PROGRAM IS A TWO-YEAR CERTIFICATE PROGRAM WHICH OFFERS EDUCATIONAL TRAINING FOR THE PERFORMING ARTIST SEEKING A CAREER IN THE PROFESSIONAL WORLD. THE CONSERVATORY PROGRAMS INCLUDE: *THE STUDIO PROGRAM (STUDIES FOCUS ON ACTING FOR THE STAGE AND SCREEN.) *THE INTEGRATED PROGRAM (STUDIES FOCUS ON ACTING, MUSICAL THEATRE, AND DANCE FOR THE PERFORMING ARTIST.) *THE DANCE PROGRAM. (STUDIES FOCUS ON MULTIPLE DANCE DISCIPLINES ALONG WITH PERFORMING ARTS ELECTIVES.) PROGRAM DESCRIPTION: BACHELOR OF FINE ARTS IN ACTING THE BACHELOR OF FINE ARTS IN ACTING IS A FOUR-YEAR, 120 CREDIT PROGRAM OF STUDY, DEVISED TO PROVIDE BOTH COMPREHENSIVE EDUCATION/TRAINING AND A SOLID FOUNDATION OF LIBERAL ARTS/GENERAL EDUCATION COURSE WORK FOR THE PERFORMING ARTIST. THE PERFORMING ARTS COMPONENT CONSISTS OF 90 CREDITS OF COURSE WORK WHICH PROVIDES ARTISTIC TRAINING IN ACTING FOR STAGE, FILM, AND TELEVISION. THIS COMPREHENSIVE REGIMEN IS DESIGNED TO PREPARE STUDENTS FOR A CAREER IN THE PERFORMING ARTS WITH AN EMPHASIS ON ACTING. A SAMPLE OF THE COURSE OFFERINGS FOR THE ARTISTIC STUDIES INCLUDE: VOICE PRODUCTION AND SPEECH-FOUNDATIONS AND TECHNIQUE; ACTING FOUNDATIONS; ACTING FOR THE CAMERA-BEGINNING, INTERMEDIATE AND ADVANCED; ACTING-SCENE STUDY; ENSEMBLE ACTING; EXPLORING CONTEMPORARY THEATRE; ACTING STYLES; STAGE COMBAT-UNARMED; SHAKESPEARE; IMPROVISATIONAL ACTING-FOUNDATIONS, TECHNIQUES, AND ADVANCED TECHNIQUE; DIRECTING-THE ACTOR'S EXPERIENCE; ACTING-ADVANCED SCENE STUDY; DIALECTS-DIRECTED STUDIES; CLASSICAL REPERTOIRE; AUDITION TECHNIQUES; ONE-ACTS; FILM GENRE; ACTING TECHNIQUES; FILM SURVEY FOR THE ACTOR-BEGINNING AND ADVANCED; INDUSTRY WORKSHOP; STAGE COMBAT-SINGLE SWORD; MUSICIANSHIP; TV GENRES; DANCE AND MOVEMENT FOR THE ACTOR; ADVANCED AUDITION FOR THE CAMERA; ADVANCED TECHNIQUES AND SCENE APPLICATIONS; DIRECTING-THE DIRECTOR'S EXPERIENCE; SHORT FILMS; AUDITION PORTFOLIO-ACTING; INDUSTRY AND NETWORKING; INDUSTRY EVENT; PERFORMANCE ELECTIVES/PRACTICUM THROUGHOUT THE FOUR-YEAR PROGRAM DESIGNED FOR THE PROFESSIONAL DEVELOPMENT OF THE ARTIST. A BFA IN ACTING ALSO REQUIRES 30 CREDITS OF CRITICAL STUDIES WHICH BROADEN THE STUDENT'S EDUCATION WITH A DIVERSE CURRICULUM OF ACADEMIC STUDIES. THE CRITICAL STUDIES, OR GENERAL EDUCATION REQUIREMENTS, INCLUDE COURSES SUCH AS ENGLISH, HUMANITIES, SCIENCE/TECHNOLOGY, AND BUSINESS. THESE REQUIRED COURSES, ALONG WITH ADDITIONAL ELECTIVES IN THE CRITICAL STUDIES COMPONENT, INCLUDE A WIDE RANGE OF CULTURAL, ACADEMIC, AND HISTORICAL STUDIES. THESE CLASSES ARE SPECIFICALLY DESIGNED TO FURTHER DEVELOP THE STUDENTS UNDERSTANDING OF THE ARTISTIC AND CREATIVE PROCESS. THE ACADEMIC COURSEWORK FOR THIS COMPONENT OF THE PERFORMER'S TRAINING FURTHER SUPPORTS THE ARTIST'S PROFESSIONAL CAREER PATH WITH A WIDER DIVERSIFICATION OF EDUCATIONAL AND CRITICAL STUDIES. THE INTEGRATION OF THESE UNIQUELY DESIGNED CRITICAL STUDIES COURSES FOR THE PERFORMING ARTIST ALONG WITH THE INTENSIVE ARTISTIC TRAINING IN THE PERFORMING ARTS AND ACTING COMBINE TO PROVIDE A COMPREHENSIVE PERFORMANCE EDUCATION PREPARING THE GRADUATE FOR THE CHALLENGES OF THE PROFESSIONAL WORLD. PROGRAM DESCRIPTION: BACHELOR OF FINE ARTS IN MUSICAL THEATRE THE BACHELOR OF FINE ARTS IN MUSICAL THEATRE IS A FOUR-YEAR, 120 CREDIT PROGRAM OF STUDY, DEVISED TO PROVIDE BOTH COMPREHENSIVE EDUCATION/TRAINING AND A SOLID FOUNDATION OF LIBERAL ARTS/GENERAL EDUCATION COURSE WORK FOR THE PERFORMING ARTIST. THE PERFORMING ARTS COMPONENT CONSISTS OF 90 CREDITS OF COURSE WORK WHICH INTEGRATES THE DISCIPLINES OF ACTING, VOICE, DANCE, AND MUSICAL THEATRE. THIS COMPREHENSIVE REGIMEN IS DESIGNED TO PREPARE STUDENTS FOR A CAREER IN THE PERFORMING ARTS WITH A SPECIAL FOCUS ON MUSICAL THEATRE. A SAMPLE OF THE COURSE OFFERINGS FOR THE ARTISTIC STUDIES INCLUDE: MUSICAL THEATRE TECHNIQUES FOR STAGE AND FILM; VOICE PRODUCTION AND SPEECH; DANCE AND MOVEMENT FOR THE ACTOR; ACTING FOUNDATIONS AND TECHNIQUES; MUSICAL THEATRE STYLES FOR STAGE AND FILM; ENSEMBLE COMBINATIONS; MUSICAL THEATRE SCENE STUDY; DANCE (BEGINNING, INTERMEDIATE, AND ADVANCED)-BALLET, TAP, JAZZ; MUSICIANSHIP; DANCE AND MOVEMENT FOR THE ACTOR; MUSICAL THEATRE AUDITION PREPARATION; ENSEMBLE COMBINATIONS; STAGE COMBAT-UNARMED; PERFORMING AND PRODUCING CABARET; MUSICAL THEATRE-STYLES, SCENES, AND AUDITION PREPARATION; ACTING SCENE STUDY; ROLES AND READINGS; ADVANCED MUSICIANSHIP-SIGHT SINGING; ADVANCED AUDITION FOR THE CAMERA; MUSICAL THEATRE DANCE COMBINATIONS; ACTING FOR THE CAMERA-BEGINNING, INTERMEDIATE, AND ADVANCED; AUDITION PORTFOLIO-MUSICAL THEATRE AND ACTING; INDUSTRY NETWORKING; INDIVIDUAL VOICE TRAINING IN FOUNDATIONS AND TECHNIQUE; PERFORMANCE ELECTIVES/PRACTICUM THROUGHOUT THE FOUR-YEAR PROGRAM DESIGNED FOR THE PROFESSIONAL DEVELOPMENT OF THE ARTIST. A BFA IN MUSICAL THEATRE ALSO REQUIRES 30 CREDITS OF CRITICAL STUDIES WHICH BROADEN THE STUDENT'S EDUCATION WITH A DIVERSE CURRICULUM OF ACADEMIC STUDIES. THE CRITICAL STUDIES, OR GENERAL EDUCATION REQUIREMENTS, INCLUDE COURSES SUCH AS ENGLISH, HUMANITIES, SCIENCE/TECHNOLOGY, AND BUSINESS. THESE REQUIRED COURSES, ALONG WITH ADDITIONAL ELECTIVES IN THE CRITICAL STUDIES COMPONENT, INCLUDE A WIDE RANGE OF CULTURAL, ACADEMIC, AND HISTORICAL STUDIES. THESE CLASSES ARE SPECIFICALLY DESIGNED TO FURTHER DEVELOP THE STUDENTS UNDERSTANDING OF THE ARTISTIC AND CREATIVE PROCESS. THE ACADEMIC COURSEWORK FOR THIS COMPONENT OF THE PERFORMER'S TRAINING FURTHER SUPPORTS THE ARTIST'S PROFESSIONAL CAREER PATH WITH A WIDER DIVERSIFICATION OF EDUCATIONAL AND CRITICAL STUDIES. THE INTEGRATION OF THESE UNIQUELY DESIGNED CRITICAL STUDIES COURSES FOR THE PERFORMING ARTIST ALONG WITH THE INTENSIVE ARTISTIC TRAINING IN THE PERFORMING ARTS AND MUSICAL THEATRE COMBINE TO PROVIDE A COMPREHENSIVE PERFORMANCE EDUCATION PREPARING THE GRADUATE FOR THE CHALLENGES OF THE PROFESSIONAL WORLD. PROGRAM DESCRIPTION: BACHELOR OF FINE ARTS IN DANCE THEATRE THE BACHELOR OF FINE ARTS IN DANCE THEATRE IS A FOUR-YEAR, 120 CREDIT PROGRAM OF STUDY, DEVISED TO PROVIDE BOTH COMPREHENSIVE EDUCATION/TRAINING AND A SOLID FOUNDATION OF LIBERAL ARTS/GENERAL EDUCATION COURSE WORK FOR THE PERFORMING ARTIST. THE PERFORMING ARTS COMPONENT CONSISTS OF 90 CREDITS OF COURSE WORK WHICH INTEGRATES THE DISCIPLINES OF DANCE, ACTING, VOICE, AND MUSICAL THEATRE. THIS COMPREHENSIVE REGIMEN IS DESIGNED TO PREPARE STUDENTS FOR A CAREER IN THE PERFORMING ARTS WITH A SPECIAL FOCUS ON DANCE THEATRE. A SAMPLE OF THE COURSE OFFERINGS FOR THE ARTISTIC STUDIES INCLUDE: ONE-HOUR DAILY WARM-UP; DANCE-BALLET, JAZZ, MODERN, TAP, CONTEMPORARY, HIP-HOP (ALL LEVELS); VOICE PRODUCTION AND SPEECH-FOUNDATIONS AND TECHNIQUES; ACTING FOUNDATIONS; ACTING FOR THE CAMERA; ALEXANDER TECHNIQUE; PROFESSIONAL ETHICS IN DANCE; MUSICIANSHIP; DANCE FOR THE CAMERA-BEGINNING AND ADVANCED; EXPLORATION OF DANCE STYLES; CHOREOGRAPHY-THE DANCER'S EXPERIENCE; IMPROVISATIONAL DANCE; DANCE AUDITION TECHNIQUES-BEGINNING AND ADVANCED; CHOREOGRAPHY-THE CHOREOGRAPHER'S EXPERIENCE; INDUSTRY AND NETWORKING FOR DANCE THEATRE; INDUSTRY WORKSHOP; DANCE COMPANY PROJECT/PERFORMANCE PRACTICUM THROUGHOUT THE FOUR-YEAR PROGRAM DESIGNED FOR THE PROFESSIONAL DEVELOPMENT OF THE ARTIST. A BFA IN DANCE THEATRE ALSO REQUIRES 30 CREDITS OF CRITICAL STUDIES WHICH BROADEN THE STUDENT'S EDUCATION WITH A DIVERSE CURRICULUM OF ACADEMIC STUDIES. THE CRITICAL STUDIES, OR GENERAL EDUCATION REQUIREMENTS, INCLUDE COURSES SUCH AS ENGLISH, HUMANITIES, SCIENCE/TECHNOLOGY, AND BUSINESS. THESE REQUIRED COURSES, ALONG WITH ADDITIONAL ELECTIVES IN THE CRITICAL STUDIES COMPONENT, INCLUDE A WIDE RANGE OF CULTURAL, ACADEMIC, AND HISTORICAL STUDIES. THESE CLASSES ARE SPECIFICALLY DESIGNED TO FURTHER DEVELOP THE STUDENTS UNDERSTANDING OF THE ARTISTIC AND CREATIVE PROCESS. THE ACADEMIC COURSEWORK FOR THIS COMPONENT OF THE PERFORMER'S TRAINING FURTHER SUPPORTS THE ARTIST'S PROFESSIONAL CAREER PATH WITH A WIDER DIVERSIFICATION OF EDUCATIONAL AND CRITICAL STUDIES. THE INTEGRATION OF THESE UNIQUELY DESIGNED CRITICAL STUDIES COURSES FOR THE PERFORMING ARTIST ALONG WITH THE INTENSIVE ARTISTIC TRAINING IN THE PERFORMING ARTS AND DANCE THEATRE COMBINE TO PROVIDE A COMPREHENSIVE PERFORMANCE EDUCATION PREPARING THE GRADUATE FOR THE CHALLENGES OF THE PROFESSIONAL WORLD. FORM 990, PART VI, SECTION A, LINE 2 DAVID MARTIN, PRESIDENT AND JAN MARTIN, VICE PRESIDENT OF THE CORPORATION, HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11 AMDA PROCESS FOR REVIEW OF THE ANNUAL FORM 990: 1. EACH YEAR, OUR INDEPENDENT AUDITOR PREPARES A DRAFT OF THE FORM 990, WITH INPUT FROM THE CHIEF FINANCIAL OFFICER. 2. THE DRAFT IS REVIEWED BY THE CFO AND THE EXECUTIVE DIRECTOR. 3. THE DRAFT IS REVIEWED BY ALL MEMBERS OF THE BOARD OF DIRECTORS. 4. ANY NECESSARY CHANGES ARE SENT TO THE INDEPENDENT AUDITOR TO UPDATE THE FORM. 5. ONCE ALL NECESSARY CHANGES ARE MADE AND THE CFO AND EXECUTIVE DIRECTOR ARE IN AGREEMENT WITH THE BOARD OF DIRECTORS ON THE COMPLETED 990, IT WILL BE SIGNED BY THE CFO, DATED AND SUBMITTED BY THE FILING DEADLINE. 6. ALL MEMBERS OF THE BOARD OF DIRECTORS MUST EMAIL THE CFO TO ACKNOWLEDGE THE REVIEW OF THE 990 AND APPROVE THE FILING. A VERBAL APPROVAL IS ACCEPTABLE IF PRESENTED TO THE CFO OR EXECUTIVE DIRECTOR. THE CFO OR EXECUTIVE DIRECTOR MUST RECORD THE VERBAL APPROVAL AS A MEMO TO THE FILE. 7. THE CFO PREPARES A MEMORANDUM FOR THE FILE EACH YEAR DESCRIBING THE ABOVE PROCESS, INCLUDING ALL EMAIL APPROVALS AND MEMOS OF ANY VERBAL APPROVALS. THE CFO AND EXECUTIVE DIRECTOR MUST ALL INCLUDE A MEMO TO THE FILE NOTING THEY HAVE APPROVED THE 990 TO BE FILED. FORM 990, PART VI, SECTION B, LINE 12C INDIVIDUALS COVERED BY THE AMDA CONFLICT OF INTEREST POLICY ARE ASKED TO ANNUALLY DISCLOSE TO THE CHAIR OF THE BOARD OF DIRECTORS VIA THE AMDA CONFLICT OF INTEREST POLICY FORM THEIR INTERESTS THAT COULD GIVE RISE TO CONFLICTS OF INTEREST. THIS DISCLOSURE COULD INCLUDE A LIST OF FAMILY MEMBERS, BUSINESS OR INVESTMENT HOLDINGS, AND OTHER TRANSACTIONS OR AFFILIATIONS WITH BUSINESSES AND OTHER ORGANIZATIONS OR THOSE OF FAMILY MEMBERS, IN WHICH AN INDIVIDUAL OR THEIR FAMILY MAY BENEFIT FINANCIALLY. INDIVIDUALS COVERED BY THE AMDA CONFLICT OF INTEREST POLICY ARE THE BOARD OF DIRECTORS, EXECUTIVE DIRECTORS, AND CHIEF FINANCIAL OFFICER. FOR EACH CONFLICT OF INTEREST DISCLOSED TO THE CHAIR OF THE BOARD OF DIRECTORS, THE CHAIRMAN WILL: 1. DECIDE NO ACTION IS NECESSARY. 2. ASSURE FULL DISCLOSURE TO THE REST OF THE BOARD OF DIRECTORS AND OFFICERS AND ALL COVERED UNDER THE POLICY. 3. ASK THE PERSON TO RECUSE FROM PARTICIPATION IN RELATED DISCUSSIONS OR DECISIONS. 4. ASK THE PERSON TO RESIGN FROM HIS OR HER POSITION. 5. REMOVE THE PERSON FROM HIS OR HER POSITION. THE EXECUTIVE DIRECTORS, AND CHIEF FINANCIAL OFFICER WILL MONITOR ONGOING TRANSACTIONS FOR CONFLICTS OF INTEREST AND DISCLOSE THEM TO THE CHAIR OF THE BOARD OF DIRECTORS IN ORDER TO DEAL WITH THE POTENTIAL OR ACTUAL CONFLICTS, WHETHER DISCOVERED BEFORE OR AFTER THE TRANSACTION HAS OCCURRED. FORM 990, PART VI, SECTION B, LINE 15 ANNUALLY, THE BOARD OF DIRECTORS APPROVES ALL COMPENSATION FOR THE EXECUTIVE DIRECTORS, CHIEF FINANCIAL OFFICER. THE COMPENSATION FOR EACH IS REVIEWED AND APPROVED USING COMPARABLE DATA TO SIMILAR POSITIONS AT SIMILAR SIZED ORGANIZATIONS. PERIODICALLY, A COMPENSATION CONSULTANT IS HIRED BY THE BOARD TO PREPARE A COMPENSATION ANALYSIS. AS PART OF THE ANALYSIS, THE CONSULTANT REVIEWS FORM 990'S FROM OTHER SIMILAR TYPES OF ORGANIZATIONS. A COPY OF THE COMPENSATION ANALYSIS IS DISTRIBUTED TO THE ENTIRE BOARD. ALL DECISIONS ARE DOCUMENTED AND HELD BY THE BOARD CHAIR. THIS PROCESS WAS LAST UNDERTAKEN IN FISCAL 2014. FORM 990, PART VI, SECTION C, LINE 19 AMDA MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST BY CALLING THE ORGANIZATION DIRECTLY OR BY WRITTEN REQUEST. ALL REQUESTS FOR INFORMATION ARE PROVIDED EITHER ELECTRONICALLY OR IN HARDCOPY FORM. FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF INTEREST RATE SWAP -689,840. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS DID NOT CHANGE FROM THE PRIOR YEAR. FORM 990, BOX C AMDA, INC. ALSO CONDUCTS BUSINESS USING THE FOLLOWING DBAS: (1) THE AMERICAN MUSICAL AND DRAMATIC ACADEMY (2) AMDA COLLEGE AND CONSERVATORY OF THE PERFORMING ARTS MANHATTAN STRATFORD ARMS INC (STRATFORD) 211 WEST 61ST STREET 3RD FLOOR NEW YORK NY 10023 133866204 EXEMPT TITLE HOLDING COMPANY NY 501(C)(2) AMERICAN MUSICAL & DRAMATIC ACADEMY (AMDA) 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 MANHATTAN STRATFORD ARMS INC R 1950000 COST MANHATTAN STRATFORD ARMS INC S 376766 COST MANHATTAN STRATFORD ARMS INC E 3068951 COST MANHATTAN STRATFORD ARMS INC O 1121903 COST