2014-04-11T12:17:02-05:00 2013-08-31 410746749 CLIFTONLARSONALLEN LLP 610 WGERMANTOWN PIKE STE400 PLYMOUTH MEETING PA 19462 990 2012-09-01 232707419 THE ROCK SCHOOL FOR DANCE EDUCATION ROCK 2155517010 1101 SOUTH BROAD STREET PHILADELPHIA PA 19147 BOJAN SPASSOFF 2155517010 2014-04-11 1 STEVE ROSA CPA P00079667 2156433900 2012 2015-11-30 17:44:51Z BOJAN SPASSOFF 1101 SOUTH BROAD STREET PHILADELPHIA PA 19147 5703069 0 X WWW.THEROCKSCHOOL.ORG X 1992 PA TO PROVIDE THE HIGHEST QUALITY DANCE TRAINING AND EDUCATIONAL INSTRUCTION. 35 33 98 60 0 0 554295 562780 4203054 4912548 5199 6246 95512 98128 4858060 5579702 784154 913839 0 0 1712563 1878152 0 0 315103 2611683 2625788 5108400 5417779 -250340 161923 5111117 5019569 2367874 2097792 2743243 2921777 X THE ROCK SCHOOL FOR DANCE EDUCATION (THE SCHOOL) IS DEDICATED TO PROVIDING THE HIGHEST QUALITY CLASSICAL BALLET AND DANCE TRAINING, WITH AN EMPHASIS ON THE PREPARATION OF GIFTED STUDENTS FOR CAREERS IN DANCE WITH PROFESSIONAL COMPANIES AND EDUCATION INSTITUTIONS. 0 0 1074357 315038 852136 DANCE PROGRAM - ANNUAL ENROLLMENT EXCEEDS 1,200 STUDENTS AND SCHOLARSHIPS OF OVER $900,000 WERE AWARDED IN FY13. THE SCHOOL HAS TRAINED DANCERS FOR THE PREMIER COMPANIES OF THE UNITED STATES AS WELL AS EUROPE, ASIA AND BROADWAY. THERE ARE CURRENTLY ROCK SCHOOL DANCERS IN EVERY MAJOR BALLET COMPANY IN THE UNITED STATES AND ABROAD. THE SCHOOL OFFERS A FULL RANGE OF PROGRAMS FOR ALL AGES. THE ROCK EXPERIENCE INSTILLS IN STUDENTS SELF DISCIPLINE AND AN EAGERNESS TO LEARN AND SUCCEED, ENRICHING THEIR LIVES REGARDLESS OF THE CAREERS THEY ULTIMATELY PURSUE. ANNUAL ENROLLMENT EXCEEDS 1,200 STUDENTS AND SCHOLARSHIPS OF OVER $750,000 ARE AWARDED PER YEAR. 923376 198402 1867014 SUMMER - THE ROCK SCHOOL BALLET INTENSIVE IS A SELECTIVE, AUDITION-ONLY PROGRAM THAT IMMERSES ASPIRING DANCERS IN A COMPREHENSIVE EXPERIENCE WITH A SUPERIOR PERMANENT AND GUEST FACULTY. APPROXIMATELY 1,400 STUDENTS WORLD-WIDE AUDITION FOR THE PROGRAM THAT TEACHES APPROXIMATELY 450 STUDENTS. 862451 74680 1122116 ROCK WEST - THE SCHOOL HAS DEVELOPED DANCERS FOR THE PREMIER BALLET COMPANIES OF THE UNITED STATES AS WELL AS A HOST OF OTHER INTERNATIONALLY KNOWN BALLET COMPANIES IN EUROPE AND ASIA. IT OFFERS A FULL RANGE OF PROGRAMS FOR ALL AGES. THE ROCK SCHOOL EXPERIENCE INSTILLS IN STUDENTS SELF-DISCIPLINE AND AN EAGERNESS TO LEARN, ENRICHING THEIR LIVES REGARDLESS OF THE CAREERS THEY ULTIMATELY PURSUE. 1286043 325718 1071282 ROCK ACADEMICS - ROCK ACADEMICS, IN PARTNERSHIP WITH KEYSTONE NATIONAL HIGH SCHOOL, IS A DAY AND BOARDING PROGRAM FOR GRADES 7 THROUGH 12 THAT ATTRACTS A DEDICATED DIVERSE COMMUNITY OF YOUNG DANCERS WHOSE PASSION FOR DANCE IS ENHANCED BY A UNIQUE COLLEGE PREPARATORY CURRICULUM. THE ACCREDITED PROGRAM PROVIDES FLEXIBILITY IN SCHEDULING AND INDIVIDUAL SUPPORT AS WELL AS DUAL PREPARATION FOR ARTISTIC CAREERS AND HIGHER EDUCATION. STUDENTS MOVE FORWARD AT A PACE CUSTOMIZED TO THEIR INDIVIDUAL NEEDS AND ABILITIES AND CAN EARN BOTH HIGH SCHOOL AND COLLEGE CREDITS, CRITICAL TO YOUNG ARTISTS WHO OFTEN SPEND THEIR COLLEGE YEARS IN PROFESSIONAL COMPANIES. COMMONWEALTH CONNECTIONS ACADEMY IS OFFERED TO PENNSYLVANIA RESIDENTS IN GRADES 7 THROUGH 12. AN ESL PROGRAM IS OFFERED TO NON-ENGLISH SPEAKING STUDENTS.RESIDENCY - THE RESIDENCE IS LOCATED IN THE MARINE CLUB APARTMENT/CONDOS DIRECTLY ACROSS THE STREET FROM ROCK CENTER DANCE BUILDING, OCCUPYING 17 APARTMENTS ON ONE FLOOR. THE RESIDENCE DIRECTOR AND RESIDENCE ASSOCIATES LIVE ON THE FLOOR WITH THE STUDENTS, PROVIDING 24 HOUR CARE FOR EACH STUDENT, ENSURING THAT STUDENTS ARE WELL SUPPORTED WHILE LIVING AWAY FROM HOME. THE MARINE CLUB PROVIDES 24 HOUR SECURITY. THE RESIDENCE TEAM, SCHOOL DIRECTORS, AND BOARD OF TRUSTEES WORK TOGETHER TO PLAN EXCITING, EDUCATIONAL AS WELL AS FUN EVENTS AND ACTIVITIES FOR STUDENTS. STUDENTS HAIL FROM GREATER PHILADELPHIA, ACROSS THE UNITED STATES, CANADA, JAPAN, CHINA, FRANCE, RUSSIA, SWITZERLAND, ISRAEL AND LATIN AMERICA.ROCKREACH - ROCKREACH IS A MULTIFACETED ARTS EDUCATION PROGRAM THAT PROVIDES IN-SCHOOL AND AFTER-SCHOOL DANCE TRAINING, PHYSICAL FITNESS AND ACTIVITIES DESIGNED TO INSPIRE AND MOTIVATE INNER CITY, AT-RISK YOUTH TO ENGAGE IN THEIR ACADEMICS, DEVELOP THEIR AWARENESS OF FUTURE OPPORTUNITIES, AND CHANNEL THEIR MENTAL AND PHYSICAL ENERGY INTO POSITIVE AND CONSTRUCTIVE ACTION. ROCK REACH ACHIEVES IT GOALS BY IMPLEMENTING- 1. RESIDENCIES AT 19 TITLE 1 PUBLIC, CHARTER, AND PAROCHIAL SCHOOLS. 2. REACHING 18,000 INNER CITY CHILDREN THROUGH DYNAMICS OF DANCE PROGRAM. THIS PROGRAM INCLUDES A WIDE VARIETY OF LECTURE DEMONSTRATIONS AND A FULL ARRAY OF REPERTOIRE PIECES. 3. GIVES 30-40 TALENTED YOUTH FROM FAMILIES IN GREAT NEED HE OPPORTUNITY TO STUDY SEVERAL TIMES A WEEK, EXPANDING AS NEAR PROFESSIONAL POTENTIAL TO AS MANY AS THREE CLASSES A DAY.PERFORMANCES - FOR AN UNPRECEDENTED NINE CONSECUTIVE YEARS THE SCHOOL HAS BEEN NAMED "OUTSTANDING SCHOOL" BY YOUTH AMERICA GRAND PRIX, THE LARGEST BALLET COMPETITION IN THE WORLD. THE ROCK SCHOOL AND TWO OF ITS DANCERS WERE HIGHLIGHTED IN THE AWARD-WINNING FILM, "FIRST POSITION." THE ROCK SCHOOL WAS INVITED TO APPEAR ON NBC'S HIT COMPETITION SHOW, "AMERICA'S GOT TALENT," WHERE THE JUDGES UNANIMOUSLY VOTED TO SEND ROCK SCHOOL DANCERS TO THE LAS VEGAS FINALS. THE ROCK SCHOOL PRODUCES AN ORIGINAL AND UNIQUE "NUTCRACKER 1776" THAT INCLUDES HISTORICAL FIGURES AND STARS BENJAMIN FRANKLIN ALONG WITH NEARLY 200 STUDENTS. THE SCHOOL PERFORMS EXTENSIVELY THROUGHOUT THE GREATER PHILADELPHIA REGION.PARTNERSHIPS - THE ROCK SCHOOL HAS JOINT VENTURES AND/OR PARTNERSHIPS WITH MANY INSTITUTIONS: THE PHILADELPHIA ORCHESTRA, THE CURTIS INSTITUTE OF MUSIC, LONGWOOD GARDENS, THE 76ERS BASKETBALL TEAM, THE MANN CENTER FOR THE PERFORMING ARTS, THE BARNES FOUNDATION, THE PHILADELPHIA MUSEUM OF ART, PLEASE TOUCH MUSEUM, KORESH DANCE COMPANY, CIRQUE DE SOLEIL AND MORE. ROCKREACH COLLABORATORS INCLUDE: CONGRESO DE LATINOS UNIDOS, CONNOLLY FOUNDATION AND UNITED COMMUNITIES OF SOUTHEAST PHILADELPHIA. 1286043 325718 1071282 4146227 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 1 49 0 1 98 1 0 0 0 0 0 1 1 0 0 0 0 X 35 33 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 PA X X BOJAN SPASSOFF 2155517010 1101 SOUTH BROAD STREET PHILADELPHIA PA 19147 BOJAN SPASSOFF 40.00 X X 102500 0 6687 STEPHANIE WOLF SPASSOFF 40.00 X 51113 0 0 ROBERT L ABRAMOWITZ 1.00 X 0 0 0 DIANE BRECKENRIDGE 1.00 X 0 0 0 NANCY S BRODIE 1.00 X X 0 0 0 MICHAEL DELUCA 1.00 X 0 0 0 LOUIS ENI 1.00 X 0 0 0 HOWARD FISCHER 1.00 X 0 0 0 LIZA HERZOG 1.00 X 0 0 0 JOHN HYMAN 1.00 X 0 0 0 LEROY KEAN 1.00 X 0 0 0 WARREN KUO 1.00 X 0 0 0 CAROL CLARK LAWRENCE 1.00 X 0 0 0 RONALD NAPLES 1.00 X 0 0 0 SUZANE SCHOCH REHL 1.00 X 0 0 0 CARO U ROCK 1.00 X X 0 0 0 CONSTANCE W BENOLIEL-ROCK 1.00 X X 0 0 0 ROBERT ROCK 1.00 1.00 X X 0 0 0 ROBERT MCCADDEN 1.00 X 0 0 0 HOWARD D ROSS 1.00 X 0 0 0 JEANNE SCANDURA 1.00 X 0 0 0 CATHERINE ULOZAS 1.00 X 0 0 0 SHERRY VARRELMAN 1.00 X 0 0 0 RANDI ZEMSKY 1.00 X 0 0 0 KIMBERLY HALLMAN 1.00 X 0 0 0 ROBIN WILLIAMS 1.00 X 0 0 0 VICTORIA KAPLAN 1.00 X 0 0 0 JENNIFER FRANKLIN 1.00 X 0 0 0 LISA BRISTOW 1.00 X 0 0 0 SARAH CHAPPELL 1.00 X 0 0 0 MARTIN JANOWIECKI 1.00 X 0 0 0 JAN MARIE KURDIN 1.00 X 0 0 0 CHRISTOPHER RAPHAELY 1.00 X 0 0 0 BRUCE JAY GOULD 1.00 X 0 0 0 LORRAINE STANHOPE HIRSCHBERG 1.00 X 0 0 0 153613 0 6687 1 0 0 0 MARINE CLUB APARTMENTS 1100 SOUTH BROAD STREET PHILADELPHIA PA 19146 STUDENT HOUSING 290598 GOSHEN EQUITIES 17000 HORIZON WAY SUITE 100 MT LAUREL NJ 08054 FACILITIES LEASE 154967 SODEXO INC AND AFFILIATES PO BOX 360170 PITTSBURGH PA 15251 FOOD SERVICES - SUMMER 123342 US FOODS PO BOX 820050 PHILADELPHIA PA 19182 FOOD SUPPLIER - CAFE 102052 4 328344 37845 196591 562780 TUITION 611600 2815488 2815488 HOUSING AND OTHER STUD 611600 1657405 1657405 COACHING/COMPETITION 611600 168908 168908 TICKET SALES 611600 168083 168083 REGISTRATION FEES 611600 59135 59135 43529 43529 4912548 6246 6246 9218 0 9218 9218 9218 51669 328344 70664 -18995 -18995 50662 52703 -2041 -2041 FORGIVENESS OF DEBT 611600 70231 70231 MISCELLANEOUS INCOME 611600 39715 39715 109946 5579702 4912548 0 104374 913839 913839 190305 117884 57091 15330 1500199 1009452 288131 202616 21464 13883 3676 3905 166184 111496 34111 20577 118661 118661 10894 10894 8781 8781 60436 37470 18131 4835 66457 54107 6175 6175 269480 167078 80843 21559 105578 105578 280885 218802 49667 12416 79173 46266 32364 543 SUMMER PROGRAMS 461553 461553 STUDENT HOUSING AND MEA 440531 440531 PERFORMANCE EXPENSE 237559 237559 ROCK DANCE PROGRAMS 229568 142329 68873 18366 256232 173978 82254 5417779 4146227 956449 315103 71995 85086 95419 178175 16100 7466 36509 3355 44367 37708 16572 18950 7186357 2853596 4500642 4332761 212686 243241 92577 92577 24250 20250 5111117 5019569 182010 99172 299592 258299 1713871 521820 172401 1218501 2367874 2097792 X 2523057 2650734 105933 148790 114253 122253 2743243 2921777 5111117 5019569 161923 16611 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 212686 8000 22555 243241 192624 6000 14062 212686 164538 6000 22086 192624 999535 6000 18411 859408 164538 1346008 8000 -272686 81787 999535 0.50260 0.49740 0 0 450000 450000 5030357 1435678 3594679 255488 218860 36628 1310528 1107712 202816 139984 91346 48638 4332761 NOTES PAYABLE AND LONG TERM DEBT 1098000 DEFERRED RENT AND DEPOSITS 120501 1218501 X 4843394 16611 37553 123367 177531 4665863 913839 913839 5579702 4664860 37553 123367 160920 4503940 913839 913839 5417779 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE SCHOOL IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE SCHOOL FOLLOWS THE INCOME TAX STANDARD FOR UNCERTAIN TAX POSITIONS. THE STANDARD HAD NO EFFECT ON THE SCHOOL'S FINANCIAL STATEMENTS. THE SCHOOL'S 2010, 2011 AND 2012 FISCAL YEAR RETURNS ARE OPEN FOR EXAMINATION BY THE INTERNAL REVENUE SERVICE (IRS). PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECTLY RELATED FUNDRAISING EXPENSE 70,664. MERCHANDISE COST OF GOODS SOLD 52,703. PART XI, LINE 4B - OTHER ADJUSTMENTS: RECLASS STUDENT SCHOLARSHIPS AND OTHER DISCOUNTS 913,839. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECTLY RELATED FUNDRAISING EXPENSE 70,664. MERCHANDISE COST OF GOODS SOLD 52,703. PART XII, LINE 4B - OTHER ADJUSTMENTS: RECLASS STUDENT SCHOLARSHIPS AND OTHER DISCOUNTS 913,839. PART V, ENDOWMENT FUNDS, LINE 4: PROVIDE FINANCIAL ASSISTANCE TO A MALE DANCE STUDENT IN ACCORDANCE WITH THE ALEXEI YUDENICH SCHOLARSHIP FUND AGREEMENT. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 ADVERTISEMENTS AND ARTICLES ABOUT THE SCHOOL WHICH APPEAR IN THE MEDIA DURING THE PERIOD OF SOLICITATION FOR STUDENTS INCLUDE A STATEMENT OF ITS RACIALLY NONDISCRIMINATORY POLICY. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 STATE GRANTS IN SUPPORT OF SOME OF THE SCHOOL'S NORMAL OPERATING EXPENSES. SCHOLARSHIP BENEFIT 380013 328344 51669 2600 36519 3000 28545 380013 328344 51669 2600 36519 3000 28545 70664 -18995 1 SCHOLARSHIPS TO STUDENTS 271 913839 FMV N/A PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: SCHOLARSHIPS ARE GRANTED TO ELIGIBLE STUDENTS. THE SCHOOL CLOSELY MONITORS ALL GRANT FUNDS AND DISBURSES TO STUDENTS BASED ON THE SCHOOL'S ELIGIBILTY REQUIREMENTS. THE MILTON L AND SHIRLEY ROCK FOUNDATION 1 BOARD MEMBER AND 1 STAFF ARE OFFICERS OF THE FOUNDATION 1098000 NOTES PAYABLE 0 THE MILTON L AND SHIRLEY ROCK FOUNDATION 1 BOARD MEMBER AND 1 STAFF ARE OFFICERS OF THE FOUNDATION 70231 INTEREST FORGIVEN ON LONG TERM DEBT 0 FORM 990, PART VI, SECTION A, LINE 2 THE FOLLOWING PEOPLE HAVE A FAMILY RELATIONSHIP: BOJAN SPASSOFF- PRESIDENT/DIRECTOR STEPHANIE WOLF SPASSOFF- DIRECTOR CARO U. ROCK- CHAIRMAN CONSTANCE W. BENOLIEL-ROCK- CHAIRMAN EMERITUS ROBERT ROCK- VICE CHAIRMAN SUSAN ROCK- DEVELOPMENT & COMMUNITY RELATIONS DIRECTOR FORM 990, PART VI, SECTION B, LINE 11 DUE TO THE SIZE OF THE BOARD, AND THE VARYING SKILL SETS, THAT INCLUDES MANY NON-ACCOUNTING/BUSINESS BACKGROUNDS, THE FINANCE COMMITTEE IS AUTHORIZED TO ACT ON BEHALF OF THE BOARD FOR REVIEW OF THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C THE SCHOOL EXPECTS OUR EMPLOYEES TO CONDUCT BUSINESS ACCORDING TO THE HIGHEST ETHICAL STANDARDS OF CONDUCT. EMPLOYEES ARE EXPECTED TO DEVOTE THEIR BEST EFFORTS TO THE INTERESTS OF THE SCHOOL. BUSINESS DEALINGS THAT APPEAR TO CREATE A CONFLICT BETWEEN THE INTERESTS OF THE SCHOOL AND AN EMPLOYEE ARE UNACCEPTABLE. THE SCHOOL RECOGNIZES THE RIGHT OF THE EMPLOYEES TO ENGAGE IN ACTIVITIES OUTSIDE OF THEIR EMPLOYMENT WHICH ARE OF A PRIVATE NATURE AND UNRELATED TO OUR BUSINESS. HOWEVER, THE EMPLOYEE MUST DISCLOSE ANY POSSIBLE CONFLICTS SO THAT THE SCHOOL MAY ASSESS AND PREVENT POTENTIAL CONFLICTS OF INTEREST FROM ARISING. A POTENTIAL OR ACTUAL CONFLICT OF INTEREST OCCURS WHENEVER AN EMPLOYEE IS IN A POSITION TO INFLUENCE A DECISION THAT MAY RESULT IN A PERSONAL GAIN FOR THE EMPLOYEE OR AN IMMEDIATE FAMILY MEMBER (I.E. A SPOUSE OR SIGNIFICANT OTHER, CHILDREN, PARENTS, SIBLINGS) AS A RESULT OF THE SCHOOL'S BUSINESS DEALINGS. ALTHOUGH IT IS NOT POSSIBLE TO SPECIFY EVERY ACTION THAT MIGHT CREATE A CONFLICT OF INTEREST, THIS POLICY SETS FORTH THOSE THAT MOST FREQUENTLY PRESENT PROBLEMS. IF AN EMPLOYEE HAS ANY QUESTIONS WHETHER AN ACTION OF PROPOSED COURSE OF CONDUCT WOULD CREATE A CONFLICT OF INTEREST, HE OR SHE SHOULD IMMEDIATELY CONTACT THE DIRECTORS OF THE SCHOOL TO OBTAIN ADVICE ON THE ISSUE. THE PURPOSE OF THIS POLICY IS TO PROTECT EMPLOYEES FROM ANY CONFLICT OF INTEREST THAT MIGHT ARISE. A VIOLATION OF THIS POLICY WILL RESULT IN IMMEDIATE AND APPROPRIATE DISCIPLINE, UP TO AND INCLUDING IMMEDIATE TERMINATION. PERSPECTIVE BOARD MEMBERS ARE INFORMED THAT THERE SHOULD BE NO CONFLICT OF INTEREST PRIOR TO AGREEING TO ASSUMING BOARD MEMBER POSITION. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE OF THE SCHOOL'S BOARD OF TRUSTEES, COMPRISED OF THREE INDEPENDENT TRUSTEES, MANAGES THE PROCESS FOR DETERMINING THE COMPENSATION OF THE EXECUTIVE DIRECTOR, CO-DIRECTORS, OTHER OFFICERS, AND KEY EMPLOYEES. THE BOARD ANNUALLY REVIEWS PRESIDENT/DIRECTOR & DIRECTOR COMPENSATION. THIS COMMITTEE USES COMPARABLES OF SIMILAR ARTISTIC ORGANIZATIONS ALONG WITH ECONOMIC AND BUDGETARY CONSIDERATIONS TO DETERMINE COMPENSATION LEVELS INCLUDING SALARIES, BONUS OPPORTUNITIES, AND BENEFITS. BONUSES ARE PAID BASED ON PERFORMANCE MEASURED AGAINST FINANCIAL, ORGANIZATIONAL, AND ARTISTIC OBJECTIVES. THE COMPENSATION COMMITTEE MAKES ITS RECOMMENDATION TO THE EXECUTIVE COMMITTEE OF THE BOARD FOR REVIEW AND APPROVAL. THIS PROCESS WAS MOST RECENTLY CONDUCTED IN 2013. FORM 990, PART VI, SECTION C, LINE 19 THE FINANCIAL STATEMENTS OF THE SCHOOL ARE AVAILABLE ON THE PA CDP WEBSITE. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. MILTON AND SHIRLEY ROCK FOUNDATION 1845 WALNUT STREET SUITE 900 PHILADELPHIA PA 19103 222670682 LOAN PA PF N/A 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0