2014-06-24T10:34:47-05:00 2013-08-31 131655065 LUTZ AND CARR CPAS LLP 300 EAST 42ND STREET NEW YORK NY 10017 990 2012-09-01 131275970 SCHOOL OF AMERICAN BALLET INC SCHO 2127696600 70 LINCOLN CENTER PLAZA NEW YORK NY 100236592 STEPHEN DEWHURST 2127696600 2014-06-12 1 MARTIN BERKOWITZ P00154047 2126972299 2012 2015-11-30 17:44:51Z MAX R SHULMAN 70 LINCOLN CENTER PLAZA NEW YORK NY 10023 20943551 0 X WWW.SAB.ORG X 1934 NY IN 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. 41 39 159 5 0 0 5452838 4763593 4522680 4786284 1424807 2995274 8495 8218 11408820 12553369 1574935 1679880 0 0 5087000 5143671 0 0 1420128 5995147 6027232 12657082 12850783 -1248262 -297414 79928513 81568157 10836948 10653131 69091565 70915026 X THE SCHOOL OF AMERICAN BALLET'S MISSION IS TO TRAIN STUDENTS FOR PROFESSIONAL CAREERS IN CLASSICAL BALLET. 0 0 4826552 30000 2138775 TEACHING 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. 1825147 1649880 1525804 STUDENT 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. 3159941 1059305 STUDENT SERVICES AND RESIDENCETHE SCHOOL PROVIDES SUPPORT SERVICES FOCUSED ON STUDENTS' OVERALL HEALTH AND WELL-BEING, INCLUDING NURSING CARE, NUTRITIONAL COUNSELING, ACADEMIC TUTORING, PILATES TRAINING AND PHYSICAL THERAPY FOR STUDENTS LIVING IN THE RESIDENCE HALL (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. 70714 THE 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. 70714 9811640 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 51 0 1 159 1 0 0 0 0 0 1 1 0 0 0 0 X 41 39 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 NY X X STEPHEN DEWHURST 2127696608 SCHOOL OF AMERICAN BALLET INC 70 NY NY 10023 KELLIE JOHNSON ABREU 1.00 X 0 0 0 ELISABETH M ARMSTRONG 1.00 X 0 0 0 ROSEMARY T BERKERY HAUSEN 1.00 X 0 0 0 PETER BOAL 1.00 X 0 0 0 ALISON MASS BOMMARITO 1.00 X 0 0 0 JUDY BERNSTEIN BUNZL 1.00 X 0 0 0 CHELSEA V CLINTON 2.00 X 0 0 0 STUART H COLEMAN 1.00 X 0 0 0 LINDA S DAINES 1.00 X 0 0 0 JAMES H DUFFY 1.00 X 0 0 0 THOMAS R ELLIS 1.00 X 0 0 0 ZITA EZPELETA 1.00 X 0 0 0 FRANCES D FERGUSSON 2.00 X 0 0 0 ROBERT FRIBOURG 2.00 X 0 0 0 HELEN HAJE 2.00 X X 0 0 0 KAREN T HUGHES 2.00 X 0 0 0 JOYCE C GIUFFRA 1.00 X 0 0 0 SUSANNAH SMETANA KAGAN 2.00 X 0 0 0 JULIA F KOCH 2.00 X 0 0 0 CORINNE KOPELMAN 2.00 X X 0 0 0 PETER MARTINS 15.00 X X 110292 0 5533 ELIZABETH PEAY MCCREERY 1.00 X 0 0 0 ELIZABETH R MILLER 1.00 X 0 0 0 GARFIELD L MILLER III 2.00 X X 0 0 0 RICHARD A MILLER 1.00 X 0 0 0 ARTHUR MITCHELL 1.00 X 0 0 0 STACEY C MORSE 1.00 X 0 0 0 DANIEL PACTHOD 1.00 X 0 0 0 WILLIAM A PERLMUTH 1.00 X 0 0 0 SUZANNE ALLEN REDPATH 1.00 X 0 0 0 NAOMI SELIGMAN 1.00 X 0 0 0 MAX R SHULMAN 5.00 X X 0 0 0 LEE SLAUGHTER 1.00 X 0 0 0 HOWARD SOLOMON 1.00 X 0 0 0 HELGI TOMASSON 1.00 X 0 0 0 EDWARD VILLELLA 1.00 X 0 0 0 BARBARA MANFREY VOGELSTEIN 2.00 X 0 0 0 JACK T WATTERS 1.00 X 0 0 0 CAROLYN WRIGHT-LEWIS 1.00 X 0 0 0 LAURA ZECKENDORF 1.00 X 0 0 0 MARJORIE L VAN DERCOOK 40.00 X X 278894 0 20783 KAY MAZZO BELLAS 40.00 X 194623 0 8767 F STEPHEN DEWHURST 40.00 X 173715 0 16977 ANDREI KRAMAREVSKY 15.00 X 122848 0 14016 KATRINA KILLIAN 17.50 X 155261 0 15883 DARCI KISTLER 20.50 X 136788 0 6376 SUSAN PILARRE 13.50 X 140091 0 14897 JOCK SOTO 18.00 X 148330 0 15118 1460842 0 118350 11 0 1 0 0 1974367 162165 2627061 4763593 TUITION 611600 2694359 2694359 ROOM AND BOARD FEES 721000 1462603 1462603 STDT. HEALTH INS. FEES 611710 105208 105208 SYMPHONY IN C 611710 98437 98437 BALLET SHOE FEES 611710 93135 93135 332542 332542 4786284 649654 96 649558 10415628 8070008 2345620 2345620 2345620 320174 1974367 320174 0 OTHER REVENUE 900099 8218 8218 8218 12553369 4794598 0 2995178 1679880 1679880 836574 471605 287906 77063 3483680 2590907 312660 580113 145844 113664 12544 19636 388512 277867 38202 72443 289061 211197 33531 44333 8454 8454 51562 51562 238882 238882 118223 1140 116883 200 105784 50421 19330 36033 134261 82567 25596 26098 63805 30722 12907 20176 2271203 1997526 127716 145961 21927 10145 8683 3099 220586 220586 850934 723294 59565 68075 19086 19086 STUDENT RESIDENCE HALL 755580 755580 ARTISTIC PROGRAMS 526398 526398 SPECIAL EVENTS 251255 251255 STUDENT ACTIVITIES 183686 183686 205606 105041 24922 75643 12850783 9811640 1619015 1420128 594581 172358 864460 1470210 2161792 1941067 28561 30239 83234 103985 40936449 23722786 17406563 17213663 25620899 33914931 32829109 26397654 339314 324050 79928513 81568157 762196 1004693 1010508 1075877 8600000 8600000 464244 -27439 10836948 10653131 X 43231988 44519045 627185 412172 25232392 25983809 69091565 70915026 79928513 81568157 -297414 2120875 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 55974608 707163 4128797 2864613 57945955 55536829 749180 2553114 2864515 55974608 54091560 717018 5109007 4380756 55536829 52061625 1651359 3364064 2985488 54091560 60491313 1212229 -6473248 3168669 52061625 0.56780 0.43220 0 0 2067047 2067047 26466098 12289711 14176387 2874691 2430466 444225 9528613 9002609 526004 17213663 BARLOW PARTNERS OFFSHORE 2185428 F SILVER CREEK LOW VOL STRATEGIES 2462136 F FORESTER DIVERSIFIED 4799764 F DAVIDSON KEMPNER 3212010 F METROPOLITAN REAL ESTATE PARTNERS 970530 F WELLINGTON STRATEGIC RA CTF 7309015 F GREENLIGHT MASTERS 2686851 F GREENLIGHT CAPITAL 1660888 F MASON CAPITAL 1111032 F 26397654 INTEREST RATE SWAP OBLIGATION -27439 -27439 X 14435362 2120875 2120875 12314487 238882 238882 12553369 12611901 0 12611901 238882 238882 12850783 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. 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 SAB'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 ASSISTANCE SCHEDULE E, PART I, LINE 6 DURING 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. WINTER BALL 1120250 997736 122514 122514 WORKSHOP BENEFIT 838227 724964 113263 113263 2 336064 275667 60397 84397 2294541 1998367 296174 320174 320174 -24000 1 TUTION AND ROOM & BOARD SCHOLARSHIPS 310 1525454 BOOK FINANCIAL AID TRAVEL STIPENDS 12 3726 BOOK FINANCIAL AID ACADEMIC SCHOOL SCHOLARSHIPS 19 120350 BOOK FINANCIAL AID WIEN AWARDS FOR EXCELLENCE 3 30000 BOOK AWARD MUSIC SCHOLARSHIP 1 350 BOOK FINANCIAL AID PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE 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. X X X X 0 0 0 0 0 0 0 0 0 MARJORIE L VAN DERCOOK 256394 0 0 0 22500 0 12500 0 8283 0 299677 0 0 0 KAY MAZZO BELLAS 194623 0 0 0 0 0 8767 0 0 0 203390 0 0 0 F STEPHEN DEWHURST 151215 0 0 0 22500 0 8694 0 8283 0 190692 0 0 0 KATRINA KILLIAN 155261 0 0 0 0 0 7600 0 8283 0 171144 0 0 0 SUSAN PILARRE 140091 0 0 0 0 0 6614 0 8283 0 154988 0 0 0 JOCK SOTO 148330 0 0 0 0 0 6835 0 8283 0 163448 0 0 0 A THE TRUST FOR CULTURAL RESOURCES OF NYC 911882413 898328AF6 2006-08-08 8600000 IMPROVEMENTS ON SAB BUILDING 0 0 0 A 8746230 653175 172000 64064 7887864 2010 0 0 1 1 A 0 1 0 0 0 0 1 A 1 1 0 NA 0 0 0 1 1 A 0 PART 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. X 29 253198 FMV 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 IN 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 12C THE SCHOOL REQUIRES DISCLOSURE AT THE TIME THAT A TRANSACTION IS BEING CONSIDERED OF ANY INTEREST THAT A DIRECTOR, OFFICER OR EMPLOYEE MAY HAVE IN THE TRANSACTION. SHOULD A TRANSACTION INVOLVE BOARD APPROVAL, ANY INTERESTED PARTY IS REQUIRED TO RETIRE FROM THE MEETING DURING THE DECISION MAKING OF THE MATTER UNDER CONSIDERATION. FUTHERMORE, THE SCHOOL HAS A DETAILED CONFLICT OF INTEREST QUESTIONNAIRE THAT IS REQUIRED OF ALL DIRECTORS, OFFICERS AND KEY EMPLOYEES ANNUALLY. FORM 990, PART VI, SECTION B, LINE 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 15 THE 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 19 THE SCHOOL MAKES ITS FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC BY POSTING THEM ON ITS WEBSITE; HARD COPIES ARE ALSO AVAILABLE UPON REQUEST. COPIES OF THE SCHOOL'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE PROVIDED TO THE PUBLIC UPON REQUEST. CONTINUATION - EXPLANATION OF NONDISCRIMINATION POLICY --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 EMPLOYEES