SCHOOL OF AMERICAN BALLET INC: Form 990, tax year 2012

View the entire original 990 at ProPublica ↗

Organization
SCHOOL OF AMERICAN BALLET INC (EIN 13-1275970)
Tax period
2012-09-01 to 2013-08-31
Filed
2014-06-24
IRS object ID
201441759349300209
Schema version
2012v2.1
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 ReturnHeader

FieldValueIRS element (for citing)
Timestamp2014-06-24T10:34:47-05:00Timestamp
Tax Period End Date2013-08-31TaxPeriodEndDate

Preparer Firm PreparerFirm

FieldValueIRS element (for citing)
EIN131655065EIN

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1LUTZ AND CARR CPAS LLPBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line1300 EAST 42ND STREETAddressLine1
CityNEW YORKCity
StateNYState
ZIP Code10017ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnType
Tax Period Begin Date2012-09-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN131275970EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1SCHOOL OF AMERICAN BALLET INCBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlSCHONameControl
Phone2127696600Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line170 LINCOLN CENTER PLAZAAddressLine1
CityNEW YORKCity
StateNYState
ZIP Code100236592ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameSTEPHEN DEWHURSTName
TitleCFOTitle
Phone2127696600Phone
Date Signed2014-06-12DateSigned
Authorize Third Party1AuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameMARTIN BERKOWITZName
PTINP00154047PTIN
Phone2126972299Phone
FieldValueIRS element (for citing)
Tax Year2012TaxYear
Build TS2015-11-30 17:44:51ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Name Of Principal Officer PersonMAX R SHULMANNameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

FieldValueIRS element (for citing)
Address Line170 LINCOLN CENTER PLAZAAddressLine1
CityNEW YORKCity
StateNYState
ZIP Code10023ZIPCode
FieldValueIRS element (for citing)
Gross Receipts20943551GrossReceipts
Group Return For Affiliates0GroupReturnForAffiliates
Organization501c3XOrganization501c3
Web SiteWWW.SAB.ORGWebSite
Type Of Organization CorporationXTypeOfOrganizationCorporation
Year Formation1934YearFormation
State Legal DomicileNYStateLegalDomicile
Activity Or Mission DescriptionIN FY 2013, THE SCHOOL OF AMERICAN BALLET (SAB) PASSED DOWN THE BALANCHINE BALLET TRADITION FROM 15 GIFTED FACULTY MEMBERS TO SOME 726 STUDENTS IN ITS NEW YORK WINTER TERM AND SUMMER COURSE. THESE FACULTY MEMBERS WERE AUGMENTED BY 5 SELECTED NEW YORK CITY BALLET COMPANY MEMBERS WHO PARTICIPATED IN A TEACHER TRAINING PROGRAM AT SAB. AN ADDITIONAL 46 STUDENTS STUDIED WITH SAB TEACHERS IN THE SCHOOL'S TWO-WEEK AUGUST SATELLITE LOS ANGELES WORKSHOP PROGRAM. IN SEEKING VERY TALENTED STUDENTS, THE SCHOOL CONTINUED ITS LOCAL, NATIONAL AND INTERNATIONAL OUTREACH AND RECRUITMENT EFFORTS. THE SCHOOL IS LOOKING FORWARD TO ITS 80TH ANNIVERSARY IN 2014.ActivityOrMissionDescription
Nbr Voting Members Governing Body41NbrVotingMembersGoverningBody
Nbr Independent Voting Members39NbrIndependentVotingMembers
Total Nbr Employees159TotalNbrEmployees
Total Nbr Volunteers5TotalNbrVolunteers
Total Gross UBI0TotalGrossUBI
Net Unrelated Business Txbl Income0NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year5452838ContributionsGrantsPriorYear
Contributions Grants Current Year4763593ContributionsGrantsCurrentYear
Program Service Revenue Prior Year4522680ProgramServiceRevenuePriorYear
Program Service Revenue CY4786284ProgramServiceRevenueCY
Investment Income Prior Year1424807InvestmentIncomePriorYear
Investment Income Current Year2995274InvestmentIncomeCurrentYear
Other Revenue Prior Year8495OtherRevenuePriorYear
Other Revenue Current Year8218OtherRevenueCurrentYear
Total Revenue Prior Year11408820TotalRevenuePriorYear
Total Revenue Current Year12553369TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year1574935GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY1679880GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year0BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY0BenefitsPaidToMembersCY
Salaries Etc Prior Year5087000SalariesEtcPriorYear
Salaries Etc Current Year5143671SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year0TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY0TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year1420128TotalFundrsngExpCurrentYear
Other Expense Prior Year5995147OtherExpensePriorYear
Other Expenses Current Year6027232OtherExpensesCurrentYear
Total Expenses Prior Year12657082TotalExpensesPriorYear
Total Expenses Current Year12850783TotalExpensesCurrentYear
Revenues Less Expenses Prior Year-1248262RevenuesLessExpensesPriorYear
Revenues Less Expenses CY-297414RevenuesLessExpensesCY
Total Assets BOY79928513TotalAssetsBOY
Total Assets EOY81568157TotalAssetsEOY
Total Liabilities BOY10836948TotalLiabilitiesBOY
Total Liabilities EOY10653131TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY69091565NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY70915026NetAssetsOrFundBalancesEOY
Info In Schedule O Part IIIXInfoInScheduleOPartIII
Mission DescriptionTHE SCHOOL OF AMERICAN BALLET'S MISSION IS TO TRAIN STUDENTS FOR PROFESSIONAL CAREERS IN CLASSICAL BALLET.MissionDescription
Significant New Program Services0SignificantNewProgramServices
Significant Change0SignificantChange
Expense4826552Expense
Grants30000Grants
Revenue2138775Revenue
DescriptionTEACHING AND OTHER ARTISTIC PROGRAMTHE SCHOOL PROVIDES BALLET TRAINING TO STUDENTS AGES 6 TO 19, AT APPROPRIATE LEVELS OF CONCENTRATION. DURING THE WINTER TERM (SEPTEMBER - JUNE), ADVANCED STUDENTS HAVE 38 WEEKS OF CLASSES WITH UP TO 18 HOURS PER WEEK. THE YOUNGEST STUDENTS MEET TWICE WEEKLY FOR AN HOUR FOR 34 WEEKS. DURING FY 2013, 504 STUDENTS WERE ENROLLED DURING WINTER TERM. WINTER TERM CURRICULUM ALSO INCLUDES ADDITIONAL OPPORTUNITIES, PARTICULARLY FOR ADVANCED STUDENTS, INCLUDING A CHOREOGRAPHIC WORKSHOP AND YEAR END PERFORMANCE. THE SCHOOL ALSO OFFERS A 5-WEEK INTENSIVE SUMMER COURSE. 218 STUDENTS TOOK PART IN THE SUMMER PROGRAM DURING FY 2013, REPRESENTING 35 STATES AND 7 FOREIGN COUNTRIES. AN ADDITIONAL 46 STUDENTS ENROLLED IN THE SCHOOL'S TWO-WEEK SUMMER LA WORKSHOP WHERE THEY STUDIED WITH SAB TEACHERS FROM NEW YORK.Description

Activity2 Activity2

FieldValueIRS element (for citing)
Expense1825147Expense
Grants1649880Grants
Revenue1525804Revenue
DescriptionSTUDENT FINANCIAL AIDTHE SCHOOL PROVIDED NEARLY $1.8 MILLION IN SCHOLARSHIPS FOR TUITION AND ROOM & BOARD, AND OTHER FINANCIAL ASSISTANCE DURING FY 2013. TUITION AND ROOM & BOARD AID WAS EXTENDED TO 224 WINTER TERM STUDENTS (MORE THAN 44% OF ENROLLMENT). AMONGST WINTER TERM ADVANCED STUDENTS, THIS ASSISTANCE AMOUNTED TO 53% OF TUITION AND ROOM & BOARD. ADVANCED STUDENTS ALSO RECEIVED $120,350 IN FINANCIAL SUPPORT FOR HIGH SCHOOL EDUCATION. 75 SUMMER COURSE ATTENDEES RECEIVED TUITION AND ROOM & BOARD ASSISTANCE (34% OF ENROLLMENT). ALSO 10 LA WORKSHOP STUDENTS RECEIVED TUITION ASSISTANCE.Description

Activity3 Activity3

FieldValueIRS element (for citing)
Expense3159941Expense
Revenue1059305Revenue
DescriptionSTUDENT 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 (65 DURING WINTER TERM AND 202 DURING SUMMER COURSE). STAFF MEMBERS PROVIDE ON-GOING SUPERVISION, ALONG WITH SEMINARS AS WELL AS CULTURAL AND SOCIAL ACTIVITIES.Description

Activity Other ActivityOther

FieldValueIRS element (for citing)
Revenue70714Revenue
DescriptionTHE SCHOOL RECEIVED A PROPORTIONATE SHARE OF INCOME FROM THE LINCOLN CENTER SPONSORSHIP OF MERCEDES BENZ FASHION WEEK IN FY 2013. THE REVENUE RECEIVED WAS USED FOR GENERAL PROGRAM SERVICES.Description
FieldValueIRS element (for citing)
Total Of Other Program Service Rev70714TotalOfOtherProgramServiceRev
Total Program Service Expense9811640TotalProgramServiceExpense
Described In501 C31DescribedIn501C3
Schedule B Required1ScheduleBRequired
Political Activities0PoliticalActivities
Lobbying Activities0LobbyingActivities
Subject To Proxy Tax0SubjectToProxyTax
Donor Advised Funds0DonorAdvisedFunds
Conservation Easements0ConservationEasements
Collections Of Art0CollectionsOfArt
Credit Counseling0CreditCounseling
Term Or Permanent Endowments1TermOrPermanentEndowments
Report Land Bldg Equip1ReportLandBldgEquip
Report Invest Oth Securities1ReportInvestOthSecurities
Report Prog Rel Invest0ReportProgRelInvest
Report Other Assets0ReportOtherAssets
Report Other Liabilities1ReportOtherLiabilities
Report Fin48 Footnote1ReportFin48Footnote
Independent Audit Financial Stmt1IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt0ConsolidatedAuditFinancialStmt
School1School
Foreign Office0ForeignOffice
Foreign Activities0ForeignActivities
More Than5000 K To Organizations0MoreThan5000KToOrganizations
More Than5000 K To Individuals0MoreThan5000KToIndividuals
Professional Fundraising0ProfessionalFundraising
Fundraising Activities1FundraisingActivities
Gaming0Gaming
Hospital0Hospital
Grants To Organizations0GrantsToOrganizations
Grants To Individuals1GrantsToIndividuals
Schedule J Required1ScheduleJRequired
Tax Exempt Bonds1TaxExemptBonds
Invest Tax Exempt Bonds1InvestTaxExemptBonds
Escrow Account0EscrowAccount
On Behalf Of Issuer0OnBehalfOfIssuer
Excess Benefit Transaction0ExcessBenefitTransaction
Prior Excess Benefit Transaction0PriorExcessBenefitTransaction
Loan To Officer Or DQP0LoanToOfficerOrDQP
Grant To Related Person0GrantToRelatedPerson
Bsnss Rltnshp With Organization0BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member0BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp0OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions1DeductibleNonCashContributions
Deductible Contributions Of Art0DeductibleContributionsOfArt
Terminated0Terminated
Partial Liquidation0PartialLiquidation
Disregarded Entity0DisregardedEntity
Related Entity0RelatedEntity
Related Org Controlled Entity0RelatedOrgControlledEntity
Transfers To Exempt Non Chrtbl Org0TransfersToExemptNonChrtblOrg
Activities Conducted Partnership0ActivitiesConductedPartnership
Schedule O Required1ScheduleORequired
Number Forms Transmitted With109651NumberFormsTransmittedWith1096
Number W2 G Included0NumberW2GIncluded
Compliance With Backup Witholding1ComplianceWithBackupWitholding
Number Of Employees159NumberOfEmployees
Employment Tax Returns Filed1EmploymentTaxReturnsFiled
Unrelated Business Income0UnrelatedBusinessIncome
Foreign Financial Account0ForeignFinancialAccount
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTrans
Taxable Party Notification0TaxablePartyNotification
Non Deductible Contributions0NonDeductibleContributions
Quid Pro Quo Contributions1QuidProQuoContributions
Quid Pro Quo Disclosure1QuidProQuoDisclosure
Form8282 Property Disposed Of0Form8282PropertyDisposedOf
Funds To Pay Premiums0FundsToPayPremiums
Premiums Paid0PremiumsPaid
Indoor Tanning Services0IndoorTanningServices
Info In Schedule O Part VIXInfoInScheduleOPartVI
Nbr Voting Governing Body Members41NbrVotingGoverningBodyMembers
Number Independent Voting Members39NumberIndependentVotingMembers
Family Or Business Relationship0FamilyOrBusinessRelationship
Delegation Of Management Duties0DelegationOfManagementDuties
Changes To Organizing Docs0ChangesToOrganizingDocs
Material Diversion Or Misuse0MaterialDiversionOrMisuse
Members Or Stockholders0MembersOrStockholders
Election Of Board Members0ElectionOfBoardMembers
Decisions Subject To Approval0DecisionsSubjectToApproval
Minutes Of Governing Body1MinutesOfGoverningBody
Minutes Of Committees1MinutesOfCommittees
Officer Mailing Address0OfficerMailingAddress
Local Chapters0LocalChapters
Form990 Provided To Governing Body1Form990ProvidedToGoverningBody
Conflict Of Interest Policy1ConflictOfInterestPolicy
Annual Disclosure Covered Persons1AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement1RegularMonitoringEnforcement
Whistleblower Policy1WhistleblowerPolicy
Document Retention Policy0DocumentRetentionPolicy
Compensation Process CEO1CompensationProcessCEO
Compensation Process Other1CompensationProcessOther
Investment In Joint Venture0InvestmentInJointVenture
States Where Copy Of Return Is FiledNYStatesWhereCopyOfReturnIsFiled
Other WebsiteXOtherWebsite
Upon RequestXUponRequest

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

FieldValueIRS element (for citing)
Business Name Line1STEPHEN DEWHURSTBusinessNameLine1
FieldValueIRS element (for citing)
Telephone Number2127696608TelephoneNumber

Address US AddressUS

FieldValueIRS element (for citing)
Address Line1SCHOOL OF AMERICAN BALLET INC 70AddressLine1
CityNYCity
StateNYState
ZIP Code10023ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (48 entries)

TitleTitleAverage Hours Per WeekAverageHoursPerWeekIndividual Trustee Or DirectorIndividualTrusteeOrDirectorReportable Comp From OrganizationReportableCompFromOrganizationReportable Comp From Related OrgsReportableCompFromRelatedOrgsOther CompensationOtherCompensationOfficerOfficerKey EmployeeKeyEmployeeHighest Compensated EmployeeHighestCompensatedEmployee
KELLIE JOHNSON ABREU
DIRECTOR1.00X000
ELISABETH M ARMSTRONG
DIRECTOR1.00X000
ROSEMARY T BERKERY HAUSEN
DIRECTOR1.00X000
PETER BOAL
DIRECTOR1.00X000
ALISON MASS BOMMARITO
DIRECTOR1.00X000
JUDY BERNSTEIN BUNZL
DIRECTOR1.00X000
CHELSEA V CLINTON
DIRECTOR2.00X000
STUART H COLEMAN
DIRECTOR1.00X000
LINDA S DAINES
DIRECTOR1.00X000
JAMES H DUFFY
DIRECTOR1.00X000
THOMAS R ELLIS
DIRECTOR1.00X000
ZITA EZPELETA
DIRECTOR1.00X000
FRANCES D FERGUSSON
DIRECTOR2.00X000
ROBERT FRIBOURG
DIRECTOR2.00X000
HELEN HAJE
DIRECTOR, SECRETARY2.00X000X
KAREN T HUGHES
DIRECTOR2.00X000
JOYCE C GIUFFRA
DIRECTOR1.00X000
SUSANNAH SMETANA KAGAN
DIRECTOR2.00X000
JULIA F KOCH
DIRECTOR2.00X000
CORINNE KOPELMAN
DIRECTOR, VICE PRESIDENT2.00X000X
PETER MARTINS
DIRECTOR, ARTISTIC DIRECTOR, & CHAIRMAN OF FACULTY15.00X11029205533X
ELIZABETH PEAY MCCREERY
DIRECTOR1.00X000
ELIZABETH R MILLER
DIRECTOR1.00X000
GARFIELD L MILLER III
DIRECTOR, TREASURER2.00X000X
RICHARD A MILLER
DIRECTOR1.00X000
ARTHUR MITCHELL
DIRECTOR1.00X000
STACEY C MORSE
DIRECTOR1.00X000
DANIEL PACTHOD
DIRECTOR1.00X000
WILLIAM A PERLMUTH
DIRECTOR1.00X000
SUZANNE ALLEN REDPATH
DIRECTOR1.00X000
NAOMI SELIGMAN
DIRECTOR1.00X000
MAX R SHULMAN
DIRECTOR, CHAIRMAN5.00X000X
LEE SLAUGHTER
DIRECTOR1.00X000
HOWARD SOLOMON
DIRECTOR1.00X000
HELGI TOMASSON
DIRECTOR1.00X000
EDWARD VILLELLA
DIRECTOR1.00X000
BARBARA MANFREY VOGELSTEIN
DIRECTOR2.00X000
JACK T WATTERS
DIRECTOR1.00X000
CAROLYN WRIGHT-LEWIS
DIRECTOR1.00X000
LAURA ZECKENDORF
DIRECTOR1.00X000
MARJORIE L VAN DERCOOK
DIRECTOR, EXECUTIVE DIRECTOR40.00X278894020783X
KAY MAZZO BELLAS
CO-CHAIRMAN OF FACULTY40.0019462308767X
F STEPHEN DEWHURST
CFO40.00173715016977X
ANDREI KRAMAREVSKY
TEACHER15.00122848014016X
KATRINA KILLIAN
TEACHER17.50155261015883X
DARCI KISTLER
TEACHER20.5013678806376X
SUSAN PILARRE
TEACHER13.50140091014897X
JOCK SOTO
TEACHER18.00148330015118X
FieldValueIRS element (for citing)
Total Reportable Comp From Org1460842TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs0TotalReportableCompFrmRltdOrgs
Total Other Compensation118350TotalOtherCompensation
Number Individuals GT100 K11NumberIndividualsGT100K
Formers Listed0FormersListed
Total Comp GT150 K1TotalCompGT150K
Compensation From Other Sources0CompensationFromOtherSources
Number Of Contractors GT100 K0NumberOfContractorsGT100K
Fundraising Events1974367FundraisingEvents
Government Grants162165GovernmentGrants
All Other Contributions2627061AllOtherContributions
Total Contributions4763593TotalContributions

Program Service Revenue ProgramServiceRevenue (5 entries)

DescriptionDescriptionBusiness CodeBusinessCodeTotal Revenue ColumnTotalRevenueColumnRelated Or Exempt Function IncomeRelatedOrExemptFunctionIncome
TUITION61160026943592694359
ROOM AND BOARD FEES72100014626031462603
STDT. HEALTH INS. FEES611710105208105208
SYMPHONY IN C6117109843798437
BALLET SHOE FEES6117109313593135

Total Oth Program Service Revenue TotalOthProgramServiceRevenue

FieldValueIRS element (for citing)
Total Revenue Column332542TotalRevenueColumn
Related Or Exempt Function Income332542RelatedOrExemptFunctionIncome
FieldValueIRS element (for citing)
Total Program Service Revenue4786284TotalProgramServiceRevenue

Investment Income InvestmentIncome

FieldValueIRS element (for citing)
Total Revenue Column649654TotalRevenueColumn
Related Or Exempt Function Income96RelatedOrExemptFunctionIncome
Exclusion$649,558ExclusionAmount

Gross Amount Sales Assets GrossAmountSalesAssets

FieldValueIRS element (for citing)
Securities10415628Securities

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

FieldValueIRS element (for citing)
Securities8070008Securities

Gain Or Loss GainOrLoss

FieldValueIRS element (for citing)
Securities2345620Securities

Net Gain Or Loss Investments NetGainOrLossInvestments

FieldValueIRS element (for citing)
Total Revenue Column2345620TotalRevenueColumn
Exclusion$2,345,620ExclusionAmount
FieldValueIRS element (for citing)
Gross Income Fundraising Events320174GrossIncomeFundraisingEvents
Cntrbtns Rprtd Fundraising Events1974367CntrbtnsRprtdFundraisingEvents
Fundraising Direct Expenses320174FundraisingDirectExpenses

Net Income From Fundraising Events NetIncomeFromFundraisingEvents

FieldValueIRS element (for citing)
Total Revenue Column0TotalRevenueColumn

Other Revenue Misc OtherRevenueMisc

FieldValueIRS element (for citing)
DescriptionOTHER REVENUEDescription
Business Code900099BusinessCode
Total Revenue Column8218TotalRevenueColumn
Related Or Exempt Function Income8218RelatedOrExemptFunctionIncome
FieldValueIRS element (for citing)
Total Other Revenue8218TotalOtherRevenue

Total Revenue TotalRevenue

FieldValueIRS element (for citing)
Total Revenue Column12553369TotalRevenueColumn
Related Or Exempt Function Income4794598RelatedOrExemptFunctionIncome
Unrelated Business Revenue0UnrelatedBusinessRevenue
Exclusion$2,995,178ExclusionAmount

Grants To Domestic Individuals GrantsToDomesticIndividuals

FieldValueIRS element (for citing)
Total1679880Total
Program Services1679880ProgramServices

Comp Current Officers Directors CompCurrentOfficersDirectors

FieldValueIRS element (for citing)
Total836574Total
Program Services471605ProgramServices
Management And General287906ManagementAndGeneral
Fundraising77063Fundraising

Other Salaries And Wages OtherSalariesAndWages

FieldValueIRS element (for citing)
Total3483680Total
Program Services2590907ProgramServices
Management And General312660ManagementAndGeneral
Fundraising580113Fundraising

Pension Plan Contributions PensionPlanContributions

FieldValueIRS element (for citing)
Total145844Total
Program Services113664ProgramServices
Management And General12544ManagementAndGeneral
Fundraising19636Fundraising

Other Employee Benefits OtherEmployeeBenefits

FieldValueIRS element (for citing)
Total388512Total
Program Services277867ProgramServices
Management And General38202ManagementAndGeneral
Fundraising72443Fundraising

Payroll Taxes PayrollTaxes

FieldValueIRS element (for citing)
Total289061Total
Program Services211197ProgramServices
Management And General33531ManagementAndGeneral
Fundraising44333Fundraising

Fees For Services Legal FeesForServicesLegal

FieldValueIRS element (for citing)
Total8454Total
Management And General8454ManagementAndGeneral

Fees For Services Accounting FeesForServicesAccounting

FieldValueIRS element (for citing)
Total51562Total
Management And General51562ManagementAndGeneral

Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees

FieldValueIRS element (for citing)
Total238882Total
Management And General238882ManagementAndGeneral

Fees For Services Other FeesForServicesOther

FieldValueIRS element (for citing)
Total118223Total
Program Services1140ProgramServices
Management And General116883ManagementAndGeneral
Fundraising200Fundraising

Advertising Advertising

FieldValueIRS element (for citing)
Total105784Total
Program Services50421ProgramServices
Management And General19330ManagementAndGeneral
Fundraising36033Fundraising

Office Expenses OfficeExpenses

FieldValueIRS element (for citing)
Total134261Total
Program Services82567ProgramServices
Management And General25596ManagementAndGeneral
Fundraising26098Fundraising

Information Technology InformationTechnology

FieldValueIRS element (for citing)
Total63805Total
Program Services30722ProgramServices
Management And General12907ManagementAndGeneral
Fundraising20176Fundraising

Occupancy Occupancy

FieldValueIRS element (for citing)
Total2271203Total
Program Services1997526ProgramServices
Management And General127716ManagementAndGeneral
Fundraising145961Fundraising

Travel Travel

FieldValueIRS element (for citing)
Total21927Total
Program Services10145ProgramServices
Management And General8683ManagementAndGeneral
Fundraising3099Fundraising

Interest Interest

FieldValueIRS element (for citing)
Total220586Total
Management And General220586ManagementAndGeneral

Depreciation Depletion DepreciationDepletion

FieldValueIRS element (for citing)
Total850934Total
Program Services723294ProgramServices
Management And General59565ManagementAndGeneral
Fundraising68075Fundraising

Insurance Insurance

FieldValueIRS element (for citing)
Total19086Total
Management And General19086ManagementAndGeneral

Other Expenses OtherExpenses (4 entries)

DescriptionDescriptionTotalTotalProgram ServicesProgramServicesFundraisingFundraising
STUDENT RESIDENCE HALL755580755580
ARTISTIC PROGRAMS526398526398
SPECIAL EVENTS251255251255
STUDENT ACTIVITIES183686183686

All Other Expenses AllOtherExpenses

FieldValueIRS element (for citing)
Total205606Total
Program Services105041ProgramServices
Management And General24922ManagementAndGeneral
Fundraising75643Fundraising

Total Functional Expenses TotalFunctionalExpenses

FieldValueIRS element (for citing)
Total12850783Total
Program Services9811640ProgramServices
Management And General1619015ManagementAndGeneral
Fundraising1420128Fundraising

Cash Non Interest Bearing CashNonInterestBearing

FieldValueIRS element (for citing)
BOY594581BOY
EOY172358EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

FieldValueIRS element (for citing)
BOY864460BOY
EOY1470210EOY

Pledges And Grants Receivable PledgesAndGrantsReceivable

FieldValueIRS element (for citing)
BOY2161792BOY
EOY1941067EOY

Accounts Receivable AccountsReceivable

FieldValueIRS element (for citing)
BOY28561BOY
EOY30239EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

FieldValueIRS element (for citing)
BOY83234BOY
EOY103985EOY
FieldValueIRS element (for citing)
Land Buildings Equipment Basis40936449LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec23722786LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

FieldValueIRS element (for citing)
BOY17406563BOY
EOY17213663EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

FieldValueIRS element (for citing)
BOY25620899BOY
EOY33914931EOY

Investments Other Securities InvestmentsOtherSecurities

FieldValueIRS element (for citing)
BOY32829109BOY
EOY26397654EOY

Other Assets Total OtherAssetsTotal

FieldValueIRS element (for citing)
BOY339314BOY
EOY324050EOY

Total Assets TotalAssets

FieldValueIRS element (for citing)
BOY79928513BOY
EOY81568157EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

FieldValueIRS element (for citing)
BOY762196BOY
EOY1004693EOY

Deferred Revenue DeferredRevenue

FieldValueIRS element (for citing)
BOY1010508BOY
EOY1075877EOY

Tax Exempt Bond Liabilities TaxExemptBondLiabilities

FieldValueIRS element (for citing)
BOY8600000BOY
EOY8600000EOY

Other Liabilities OtherLiabilities

FieldValueIRS element (for citing)
BOY464244BOY
EOY-27439EOY

Total Liabilities TotalLiabilities

FieldValueIRS element (for citing)
BOY10836948BOY
EOY10653131EOY
FieldValueIRS element (for citing)
Follow SFAS117XFollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

FieldValueIRS element (for citing)
BOY43231988BOY
EOY44519045EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

FieldValueIRS element (for citing)
BOY627185BOY
EOY412172EOY

Permanently Restricted Net Assets PermanentlyRestrictedNetAssets

FieldValueIRS element (for citing)
BOY25232392BOY
EOY25983809EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY69091565BOY
EOY70915026EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY79928513BOY
EOY81568157EOY
FieldValueIRS element (for citing)
Reconcilation Revenue Expenses-297414ReconcilationRevenueExpenses
Reconciliation Unrealized Invest2120875ReconciliationUnrealizedInvest
Reconcilation Other Changes0ReconcilationOtherChanges
Method Of Accounting AccrualXMethodOfAccountingAccrual
Accountant Compile Or Review0AccountantCompileOrReview
FS Audited1FSAudited

FS Audited Basis FSAuditedBasis

FieldValueIRS element (for citing)
Financial Statement SeparateXFinancialStatementSeparate
FieldValueIRS element (for citing)
Audit Committee1AuditCommittee
Federal Grant Audit Required0FederalGrantAuditRequired

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
School170b1 AiiXSchool170b1Aii

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

FieldValueIRS element (for citing)
Contributor NumberRESTRICTEDContributorNumber

Contributor Name Business ContributorNameBusiness

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor Address US ContributorAddressUS

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Aggregate ContributionsRESTRICTEDAggregateContributions

Schedule D IRS990ScheduleD

Current Year CurrentYear

FieldValueIRS element (for citing)
Beginning Of Year Balance55974608BeginningOfYearBalance
Contributions707163Contributions
Investment Earnings Or Losses4128797InvestmentEarningsOrLosses
Other Expenditures2864613OtherExpenditures
End Of Year Balance57945955EndOfYearBalance

Current Year Minus1 Year CurrentYearMinus1Year

FieldValueIRS element (for citing)
Beginning Of Year Balance55536829BeginningOfYearBalance
Contributions749180Contributions
Investment Earnings Or Losses2553114InvestmentEarningsOrLosses
Other Expenditures2864515OtherExpenditures
End Of Year Balance55974608EndOfYearBalance

Current Year Minus2 Years CurrentYearMinus2Years

FieldValueIRS element (for citing)
Beginning Of Year Balance54091560BeginningOfYearBalance
Contributions717018Contributions
Investment Earnings Or Losses5109007InvestmentEarningsOrLosses
Other Expenditures4380756OtherExpenditures
End Of Year Balance55536829EndOfYearBalance

Current Year Minus3 Years CurrentYearMinus3Years

FieldValueIRS element (for citing)
Beginning Of Year Balance52061625BeginningOfYearBalance
Contributions1651359Contributions
Investment Earnings Or Losses3364064InvestmentEarningsOrLosses
Other Expenditures2985488OtherExpenditures
End Of Year Balance54091560EndOfYearBalance

Current Year Minus4 Years CurrentYearMinus4Years

FieldValueIRS element (for citing)
Beginning Of Year Balance60491313BeginningOfYearBalance
Contributions1212229Contributions
Investment Earnings Or Losses-6473248InvestmentEarningsOrLosses
Other Expenditures3168669OtherExpenditures
End Of Year Balance52061625EndOfYearBalance
FieldValueIRS element (for citing)
Board Designated EOY Balance0.56780BoardDesignatedEOYBalance
Permanent Endowment EOY Balance0.43220PermanentEndowmentEOYBalance
Endowments Held By Unrelated Orgs0EndowmentsHeldByUnrelatedOrgs
Endowments Held By Related Orgs0EndowmentsHeldByRelatedOrgs

Land Land

FieldValueIRS element (for citing)
Other Cost Or Other Basis2067047OtherCostOrOtherBasis
Book Value2067047BookValue

Buildings Buildings

FieldValueIRS element (for citing)
Other Cost Or Other Basis26466098OtherCostOrOtherBasis
Depreciation12289711Depreciation
Book Value14176387BookValue

Equipment Equipment

FieldValueIRS element (for citing)
Other Cost Or Other Basis2874691OtherCostOrOtherBasis
Depreciation2430466Depreciation
Book Value444225BookValue

Other Land Buildings OtherLandBuildings

FieldValueIRS element (for citing)
Other Cost Or Other Basis9528613OtherCostOrOtherBasis
Depreciation9002609Depreciation
Book Value526004BookValue
FieldValueIRS element (for citing)
Total Of Book Value Land Buildings17213663TotalOfBookValueLandBuildings

Other Securities OtherSecurities (9 entries)

DescriptionDescriptionBook ValueBookValueMethod Of ValuationMethodOfValuation
BARLOW PARTNERS OFFSHORE2185428F
SILVER CREEK LOW VOL STRATEGIES2462136F
FORESTER DIVERSIFIED4799764F
DAVIDSON KEMPNER3212010F
METROPOLITAN REAL ESTATE PARTNERS970530F
WELLINGTON STRATEGIC RA CTF7309015F
GREENLIGHT MASTERS2686851F
GREENLIGHT CAPITAL1660888F
MASON CAPITAL1111032F
FieldValueIRS element (for citing)
Total Of Book Value Securities26397654TotalOfBookValueSecurities

Other Liabilities OtherLiabilities

FieldValueIRS element (for citing)
DescriptionINTEREST RATE SWAP OBLIGATIONDescription
Amount-$27,439Amount
FieldValueIRS element (for citing)
Total Of Amounts-27439TotalOfAmounts
Footnote In Part XIIIXFootnoteInPartXIII
Tot Revenue Etc Audited Fincl Stmt14435362TotRevenueEtcAuditedFinclStmt
Net Unrealized Gains Investments2120875NetUnrealizedGainsInvestments
Revenue Not Rptd F9902120875RevenueNotRptdF990
Revenue Subtotal12314487RevenueSubtotal
Investment Expenses Not Included238882InvestmentExpensesNotIncluded
Revenue Not Rptd On Fin Stmt238882RevenueNotRptdOnFinStmt
Total Revenue Per Form99012553369TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt12611901TotExpensesEtcAuditedFinclStmt
Expenses Not Rptd F9900ExpensesNotRptdF990
Expenses Subtotal12611901ExpensesSubtotal
Investment Expenses Not Included2238882InvestmentExpensesNotIncluded2
Expenses Not Rptd On Fin Stmt238882ExpensesNotRptdOnFinStmt
Total Expenses Per Form99012850783TotalExpensesPerForm990

Form990 Schedule D Part XIII Form990ScheduleDPartXIII (2 entries)

IdentifierIdentifierReturn ReferenceReturnReferenceExplanationExplanation
DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS:PART V, LINE 4:INCOME FROM THE SCHOOL'S ENDOWMENT FUNDS ARE 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 2013, THE SCHOOL USED A DRAW RATE OF 5% FROM THE ENDOWMENT FUNDS BASED ON THE MARKET VALUES OF ROLLING 20 QUARTERS.
DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:PART X, LINE 2:MANAGEMENT HAS EVALUATED ALL INCOME TAX POSITIONS, INCLUDING THE POSITION THAT THE SCHOOL IS EXEMPT FROM INCOME TAXES OR NOT SUBJECT TO INCOME TAXES ON UNRELATED BUSINESS INCOME AND CONCLUDED THAT NO DISCLOSURES RELATING TO UNCERTAIN TAX POSITIONS ARE REQUIRED IN THE FINANCIAL STATEMENTS.

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy Stmt1NondiscriminatoryPolicyStmt
Policy Statement In Brochures Etc1PolicyStatementInBrochuresEtc
Policy Publ Via Broadcast Media1PolicyPublViaBroadcastMedia
Maint Racial Composition Records1MaintRacialCompositionRecords
Maint Scholarships Records1MaintScholarshipsRecords
Maint Copies Of Brochures Etc1MaintCopiesOfBrochuresEtc
Maint Copies Of All Solicitations1MaintCopiesOfAllSolicitations
Discriminate Race Students Rights0DiscriminateRaceStudentsRights
Discriminate Race Admiss Policies0DiscriminateRaceAdmissPolicies
Discriminate Race Emplmn Faculty0DiscriminateRaceEmplmnFaculty
Discriminate Race Scholarships0DiscriminateRaceScholarships
Discriminate Race Educ Policies0DiscriminateRaceEducPolicies
Discriminate Race Use Of Fclts0DiscriminateRaceUseOfFclts
Discriminate Race Athletic Prog0DiscriminateRaceAthleticProg
Discriminate Race Other Acty0DiscriminateRaceOtherActy
Government Financial Aid Received1GovernmentFinancialAidReceived
Government Financial Aid Revoked0GovernmentFinancialAidRevoked
Compliance With Rev Proc75501ComplianceWithRevProc7550

Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)

IdentifierIdentifierReturn ReferenceReturnReferenceExplanationExplanation
EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATIONSCHEDULE E, PART I, LINE 3SAB'S NON-DISCRIMINATION POLICY STATEMENT IS AS FOLLOWS: THE SCHOOL OF AMERICAN BALLET ADMITS STUDENTS OF ANY RACE, COLOR, SEXUAL ORIENTATION, NATIONAL AND ETHNIC ORIGIN 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 RACE, COLOR, SEXUAL ORIENTATION, NATIONAL AND ETHNIC ORIGIN 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: -FULL PAGE ADVERTISEMENTS IN 4 NEW YORK METRO AREA NEWSPAPERS (HARLEM NEWS, QUEENS NEWS, BROOKLYN NEWS AND BRONX NEWS) PROMOTING AUDITIONS FOR NEW STUDENTS -18-PAGE PROMOTIONAL BROCHURE DISTRIBUTED TO EVERY STUDENT IN THE US WHO ATTENDED AN AUDITION FOR SAB'S 5-WEEK SUMMER COURSE (APPROXIMATELY 2000 DISTRIBUTED) (CONTINUED ON SCHEDULE O)
EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCESCHEDULE E, PART I, LINE 6DURING FY 2013, THE SCHOOL WAS AWARDED GRANTS FROM THE NEW YORK STATE COUNCIL ON THE ARTS, NATIONAL ENDOWMENT FOR THE ARTS, AND NEW YORK CITY DEPARTMENT OF CULTURAL AFFAIRS TO SUPPORT PROGRAM ACTIVITIES IN FY 2013. IN ADDITION, IN FY 2013, THE SCHOOL RECEIVED A TEMPORARILY RESTRICTED GRANT FROM THE NEW YORK STATE COUNCIL ON THE ARTS FOR FY14.

Schedule G IRS990ScheduleG

Events Information EventsInformation

FieldValueIRS element (for citing)
Name Of Event1WINTER BALLNameOfEvent1
Gross Receipts Event11120250GrossReceiptsEvent1
Charitable Contributions Event1997736CharitableContributionsEvent1
Gross Revenue Event1122514GrossRevenueEvent1
Other Direct Expenses Event1122514OtherDirectExpensesEvent1
Name Of Event2WORKSHOP BENEFITNameOfEvent2
Gross Receipts Event2838227GrossReceiptsEvent2
Charitable Contributions Event2724964CharitableContributionsEvent2
Gross Revenue Event2113263GrossRevenueEvent2
Other Direct Expenses Event2113263OtherDirectExpensesEvent2
Total Number Of Other Events2TotalNumberOfOtherEvents
Gross Receipts Other Events336064GrossReceiptsOtherEvents
Charitable Contrib Other Events275667CharitableContribOtherEvents
Gross Revenue Other Events60397GrossRevenueOtherEvents
Other Direct Expenses Other Events84397OtherDirectExpensesOtherEvents
Gross Receipts Total2294541GrossReceiptsTotal
Charitable Contributions Total1998367CharitableContributionsTotal
Gross Revenue Total Events296174GrossRevenueTotalEvents
Other Direct Expenses Total Events320174OtherDirectExpensesTotalEvents
Direct Expense Summary Events320174DirectExpenseSummaryEvents
Net Income Summary-24000NetIncomeSummary

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Records Maintained1RecordsMaintained

Form990 Schedule I Part III Form990ScheduleIPartIII (5 entries)

Type Of GrantTypeOfGrantNumber Of RecipientsNumberOfRecipientsAmount Of Non Cash AssistanceAmountOfNonCashAssistanceMethod Of ValuationMethodOfValuationDescription Of Non Cash AssistanceDescriptionOfNonCashAssistanceAmount Of Cash GrantAmountOfCashGrant
TUTION AND ROOM & BOARD SCHOLARSHIPS3101525454BOOKFINANCIAL AID
TRAVEL STIPENDS12BOOKFINANCIAL AID3726
ACADEMIC SCHOOL SCHOLARSHIPS19BOOKFINANCIAL AID120350
WIEN AWARDS FOR EXCELLENCE3BOOKAWARD30000
MUSIC SCHOLARSHIP1350BOOKFINANCIAL AID

Form990 Schedule I Part IV Form990ScheduleIPartIV

FieldValueIRS element (for citing)
IdentifierPROCEDURE FOR MONITORING GRANTS IN THE U.S.:Identifier
Return ReferencePART I, LINE 2:ReturnReference
ExplanationSCHEDULE I, PART I, LINE 2: GRANT FUNDS ARE SOLELY FOR THE PURPOSE OF PROVIDING FINANCIAL ASSISTANCE TO STUDENTS ENROLLED AT THE SCHOOL OF AMERICAN BALLET, LARGELY 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 RELEASED ONLY UPON RECEIPT OF EXPENSE DOCUMENTATION.Explanation

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Compensation CommitteeXCompensationCommittee
Form990 Of Other OrganizationsXForm990OfOtherOrganizations
Written Employment ContractXWrittenEmploymentContract
Board Or Committee ApprovalXBoardOrCommitteeApproval
Severance Payment0SeverancePayment
Supplemental Nonqual Retire Plan0SupplementalNonqualRetirePlan
Equity Based Comp Arrangement0EquityBasedCompArrangement
Comp Based On Revenue Of Filing Org0CompBasedOnRevenueOfFilingOrg
Comp Based On Revenue Related Orgs0CompBasedOnRevenueRelatedOrgs
Comp Based Net Earnings Filing Org0CompBasedNetEarningsFilingOrg
Comp Based Net Earnings Relate Orgs0CompBasedNetEarningsRelateOrgs
Any Non Fixed Payments0AnyNonFixedPayments
Initial Contract Exception0InitialContractException

Form990 Schedule J Part II Form990ScheduleJPartII (6 entries)

TitleTitleBase Compensation Filing OrgBaseCompensationFilingOrgComp Based On Related OrgsCompBasedOnRelatedOrgsBonus Filing OrgBonusFilingOrgBonus Related OrgsBonusRelatedOrgsOther Compensation Filing OrgOtherCompensationFilingOrgOther Compensation Related OrgsOtherCompensationRelatedOrgsDeferred Comp Filing OrgDeferredCompFilingOrgDeferred Comp Related OrgsDeferredCompRelatedOrgsNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgNontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgsTotal Compensation Filing OrgTotalCompensationFilingOrgTotal Compensation Related OrgsTotalCompensationRelatedOrgsComp Report Prior990 Filing OrgCompReportPrior990FilingOrgComp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs
MARJORIE L VAN DERCOOK
DIRECTOR, EXECUTIVE DIRECTOR25639400022500012500082830299677000
KAY MAZZO BELLAS
CO-CHAIRMAN OF FACULTY194623000008767000203390000
F STEPHEN DEWHURST
CFO1512150002250008694082830190692000
KATRINA KILLIAN
TEACHER155261000007600082830171144000
SUSAN PILARRE
TEACHER140091000006614082830154988000
JOCK SOTO
TEACHER148330000006835082830163448000

Schedule K IRS990ScheduleK

Form990 Schedule K Part I Form990ScheduleKPartI

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd

Issuer Name IssuerName

FieldValueIRS element (for citing)
Business Name Line1THE TRUST FOR CULTURAL RESOURCES OF NYCBusinessNameLine1
FieldValueIRS element (for citing)
Issuer EIN911882413IssuerEIN
CUSIP Number898328AF6CUSIPNumber
Date Issued2006-08-08DateIssued
Issue Price8600000IssuePrice
Description Of PurposeIMPROVEMENTS ON SAB BUILDINGDescriptionOfPurpose
Defeased0Defeased
On Behalf Of Issuer0OnBehalfOfIssuer
Pool Financing0PoolFinancing

Form990 Schedule K Part II Form990ScheduleKPartII

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Total Proceeds8746230TotalProceeds
Capitalized Interest653175CapitalizedInterest
Issuance Costs From Proceeds172000IssuanceCostsFromProceeds
Credit Enhancement64064CreditEnhancement
Capital Expenditures7887864CapitalExpenditures
Year Of Subst Completion2010YearOfSubstCompletion
Current Refunding0CurrentRefunding
Advance Refunding0AdvanceRefunding
Final Allocation Made1FinalAllocationMade
Adequate Books And Recds Maintaind1AdequateBooksAndRecdsMaintaind

Form990 Schedule K Part III Form990ScheduleKPartIII

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Owning Bond Financed Property0OwningBondFinancedProperty
Any Lease Arrangements1AnyLeaseArrangements
Mngment Cntrct Bond Financd Prprty0MngmentCntrctBondFinancdPrprty
Any Research Agreements0AnyResearchAgreements
Bond Iss Meet Prvt Security Pay Test0BondIssMeetPrvtSecurityPayTest
Change In Use Bond Financed Prop0ChangeInUseBondFinancedProp
Non Qualified Bond Remed Procdrs1NonQualifiedBondRemedProcdrs

Form990 Schedule K Part IV Form990ScheduleKPartIV

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Form8038 T Filed1Form8038TFiled
Variable Rate Issue1VariableRateIssue
Hedge Identified In Books And Recds0HedgeIdentifiedInBooksAndRecds

Name Of Hedge Provider NameOfHedgeProvider

FieldValueIRS element (for citing)
Business Name Line1NABusinessNameLine1
FieldValueIRS element (for citing)
Superintegrated Hedge0SuperintegratedHedge
Hedge Terminated0HedgeTerminated
Gross Proceeds Invested In GIC0GrossProceedsInvestedInGIC
Gross Proceeds Invested1GrossProceedsInvested
Written Proc To Monitor Reqs1WrittenProcToMonitorReqs

Form990 Schedule K Part V Form990ScheduleKPartV

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Proc To Undertk Corrective Action0ProcToUndertkCorrectiveAction

Form990 Schedule K Part VI Form990ScheduleKPartVI

FieldValueIRS element (for citing)
ExplanationPART II, LINE 3 - DIFFERENCE BETWEEN PART I (E) AND PART II (3) IS DUE TO INTEREST EARNINGS ON BOND PROCEEDS AND THE SUBTRACTION OF THE PRIOR CUMULATIVE REBATE LIABILITY AS OF AUGUST 31, 2010 (THE YEAR OF PROJECT COMPLETION). PART III, LINE 7 - AS PROVIDED IN TREASURY REGULATION SECTION 1.141-4(C)(2)(I)(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, LINE6, IS NOT IN EXCESS OF AMOUNTS PERMITTED UNDER SECTION 145 OF THE CODE. PART V: THE ORGANIZATION IMPLEMENTED REVISED WRITTEN PROCEDURES TO UNDERTAKE CORRECTIVE ACTION SHORTLY AFTER THE COMPLETION OF THE REPORTING PERIOD APPLICABLE TO THIS FORM.Explanation

Schedule M IRS990ScheduleM

Securities Publicly Traded SecuritiesPubliclyTraded

FieldValueIRS element (for citing)
Non Cash CheckboxXNonCashCheckbox
Number Of Contributions29NumberOfContributions
Noncash Contribs Rptd F990253198NoncashContribsRptdF990
Method Of Determining RevenuesFMVMethodOfDeterminingRevenues
FieldValueIRS element (for citing)
Any Property That Must Be Held0AnyPropertyThatMustBeHeld
Review Process Unusual NC Gifts1ReviewProcessUnusualNCGifts
Third Parties Used0ThirdPartiesUsed

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (5 entries)

Return ReferenceReturnReferenceExplanationExplanationIdentifierIdentifier
FORM 990, PART VI, SECTION B, LINE 11IN ADVANCE OF SUBMITTING THE SCHOOL'S FY 2013 FORM 990, IT WAS INITIALLY REVIEWED BY THE CHIEF FINANCIAL OFFICER AND THE EXECUTIVE DIRECTOR, BOTH OF WHOM ARE OFFICERS. 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 PRIOR TO SUBMISSION OF THE FORM 990. THE FINAL STEP WAS DISTRIBUTION TO ALL MEMBERS OF THE SCHOOL'S BOARD OF DIRECTORS WHO ALSO HAD TIME TO OFFER COMMENTS.
FORM 990, PART VI, SECTION B, LINE 12CTHE 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 14: THE SCHOOL IMPLEMENTED RECORDS RETENTION GUIDELINES, SPECIFIC TO THE SCHOOL'S OPERATIONS, SHORTLY AFTER THE COMPLETION OF THE REPORTING PERIOD APPLICABLE TO THIS FORM. PRIOR TO THIS, THE SCHOOL OBERSERVED GENERALLY ACCEPTED RECORDS RETENTION GUIDELINE.
FORM 990, PART VI, SECTION B, LINE 15THE SCHOOL REVIEWS COMPENSATION OF KEY EMPLOYEES ANNUALLY. COMPENSATION 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 CHAIRMAN OF FACULTY AND BY THE BUDGET, AUDIT AND COMPENSATION COMMITTEE FOR OTHER KEY EMPLOYEES, SPECIFICALLY CO-CHAIR OF FACULTY, CHIEF FINANCIAL OFFICER AND DIRECTORS OF DEVELOPMENT, PUBLIC RELATIONS AND STUDENT LIFE. THESE REVIEWS ARE DONE IN EXECUTIVE SESSION OF THE RESPECTIVE COMMITTEES AND, DUE TO THE CONFIDENTIAL NATURE OF THE INFORMATION, ARE NOT DOCUMENTED IN MEETING MINUTES. THE POSITIONS WERE REVIEWED AS FOLLOWS: THE EXECUTIVE DIRECTOR WAS REVIEWED IN 2012 FOR FY 2013, AS PROVIDED FOR IN CONTRACT SPANNING 09/01/2010 - 08/31/2013; OTHER KEY EMPLOYEES WERE ALSO REVIEWED IN 2012 DURING FY 2013 BUDGET PREPARATION.
FORM 990, PART VI, SECTION C, LINE 19THE 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.
--SCHOOL YEAR SCHEDULE / CALENDAR DISTRIBUTED TO THE ENTIRE WINTER TERM STUDENT BODY --SAB WEBSITE (SAB.ORG) ADMISSIONS SECTION --THE SCHOOL'S EMPLOYEE HANDBOOK, DISTRIBUTED TO ALL FULL AND PART-TIME EMPLOYEESCONTINUATION - EXPLANATION OF NONDISCRIMINATION POLICY

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