2011-07-14T15:51:31-05:00 2010-08-31 LUTZ AND CARR CPAS LLP 300 EAST 42ND STREET NEW YORK NY 10017 990 2009-09-01 131275970 SCHOOL OF AMERICAN BALLET INC SCHO 2127696600 70 LINCOLN CENTER PLAZA NEW YORK NY 100236592 stephen dewhurst 2127696600 2011-07-14 1 Martin Berkowitz 2126972299 2009 2016-02-24 21:20:13Z robert fribourg 70 lincoln center plaza new york NY 10023 41207372 0 X www.sab.org X 1934 NY DURING FY 2010, THE SCHOOL OF AMERICAN BALLET PASSED DOWN THE BALANCHINE BALLET TRADITION FROM 16 GIFTED FACULTY MEMBERS TO SOME 400 STUDENTS, AGES 6 TO 19. THE SCHOOL CONTINUED ITS LOCAL AND NATIONAL RECRUITMENT EFFORTS, AND CONDUCTED INTERNATIONAL AUDITIONS IN PARIS AND TOKYO FOR THE FIRST TIME IN ITS HISTORY. ESPECIALLY NOTEWORTHY IS THAT, FOLLOWING ON ITS 75TH ANNIVERSARY THE PREVIOUS YEAR, IN FEBRUARY 2010, THE SCHOOL OF AMERICAN BALLET RECEIVED THE NATIONAL MEDAL OF ARTS, THE NATION'S HIGHEST HONOR FOR ARTISTIC ACHIEVEMENT. 32 32 155 12 0 0 5172067 4113118 3334306 3874916 -4197253 3967551 30265 7316 4339385 11962901 1290466 1554226 0 4591121 4414233 0 1420589 6486191 5564076 12367778 11532535 -8028393 430366 77084658 77002745 10587700 10300063 66496958 66702682 the school of american ballet's mission is to train students for professional careers in classical ballet. 1 0 4448634 1693005 Teaching and Other Artistic ProgramsThe School provides ballet training to students ages 6 to 19, at appropriate levels of concentration. During the Winter Term (September - June), advanced students have 42 weeks of classes with up to 17 hours per week; the youngest students meet twice weekly for an hour for 38 weeks. During FY 2010, 397 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. 204 students took part in the summer program during FY 2010, representing 35 states and 8 foreign countries. (CONTINUED) This category also includes the School's local, national and international auditions, and community outreach. 1437850 1372507 1220187 Student Financial AidThe School provided over $1.4 million in scholarships for tuition and room & board, and other financial assistance during FY 2010. Financial aid was extended to 152 Winter Term students (nearly 40% of enrollment); amongst Winter Term advanced students, this assistance amounted to 59% of tuition. 93 Summer Course attendees received financial assistance (nearly 46% of enrollment). 2818598 969040 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 (58 during Winter Term and 192 for Summer Course). staff members provide on-going supervision, along with seminars as well as cultural and social activities. 8705082 1 1 0 0 0 0 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 44 0 155 1 0 1 CJ BD VI 0 0 0 1 1 0 0 0 32 32 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 1 1 0 NY X X stephen dewhurst 2127696608 SCHOOL OF AMERICAN BALLET INC 70 ny NY 10023 Elisabeth M Amstrong 1.00 X 0 0 0 Albert C Bellas 1.00 X 0 0 0 Peter Boal 1.00 X 0 0 0 Chelsea Clinton 1.00 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 Frances D Fergusson 1.00 X 0 0 0 Robert Fribourg 15.00 X X 0 0 0 Helen Haje 1.00 X X 0 0 0 Duane Hampton 1.00 X 0 0 0 Carole Divet Harting 1.00 X 0 0 0 Gale Hayman 1.00 X 0 0 0 Karen T Hughes 1.00 X 0 0 0 Pamela J Joyner 1.00 X 0 0 0 Coco Kopelman 1.00 X X 0 0 0 Nancy Norman Lassalle 1.00 X 0 0 0 Alexandra Lebenthal 1.00 X 0 0 0 Peter Martins 15.00 X X 104000 0 8333 Elizabeth R Miller 1.00 X 0 0 0 Garfield L Miller III 1.00 X 0 0 0 Richard A Miller 1.00 X 0 0 0 Arthur Mitchell 1.00 X 0 0 0 Daniel Pacthod 1.00 X 0 0 0 Patricia S Patterson 1.00 X 0 0 0 Roswell B Perkins 1.00 X 0 0 0 William A Perlmuth 1.00 X 0 0 0 Bradford J Race 1.00 X 0 0 0 Suzanne Allen Redpath 1.00 X 0 0 0 Cherrill Edwina Shea 1.00 X 0 0 0 Max R Shulman 1.00 X 0 0 0 Lee Slaughter 1.00 X 0 0 0 Howard Solomon 1.00 X 0 0 0 Joanne M Stern 1.00 X 0 0 0 James W Stevens 1.00 X X 0 0 0 Kent Stowell 1.00 X 0 0 0 Marcia T Thompson 1.00 X 0 0 0 Helgi Tomasson 1.00 X 0 0 0 Marjorie L Van Dercook 40.00 X X 243257 0 26252 Edward Villella 1.00 X 0 0 0 Barbara Manfrey Vogelstein 1.00 X 0 0 0 Philip S Winterer 1.00 X 0 0 0 Carolyn Wright-Lewis 1.00 X 0 0 0 Laura Zeckendorf 1.00 X 0 0 0 Kay Mazzo Bellas 40.00 X 163462 0 13051 Stephen Dewhurst 40.00 X 159869 0 18824 Carrie W Hinrichs 40.00 X 125659 0 16324 Katrina Killian 23.50 X 138042 0 17213 Susan Pilarre 15.00 X 113113 0 14916 Jock Soto 18.00 X 144992 0 18046 THOMAS W SCHOFF 40.00 X 164178 0 2030 1356572 0 134989 9 1 1 0 0 1623062 67505 2422551 195902 4113118 TUITION 611600 2083504 2083504 ROOM AND BOARD FEES 721000 1348774 1348774 STDT. HEALTH INS. FEES 611710 85648 85648 WORKSHOP TICKETS FEES 611710 80070 80070 AUDITION REG. FEES 611710 70991 70991 205929 205929 3874916 181 181 32688716 28721346 3967370 3967370 3967370 523125 1623062 523125 0 other revenue 900099 7316 7316 7316 11962901 3882232 0 3967551 1554226 1554226 753146 414561 264271 74314 3007101 2230260 264932 511909 111390 83399 4921 23070 285813 188387 32559 64867 256783 185662 29771 41350 809 809 57872 57872 286698 286698 85780 4543 77378 3859 90091 21607 49126 19358 179079 113363 26914 38802 16500 8263 6572 1665 2000912 1754970 114773 131169 14169 3547 6862 3760 28987 28987 20614 20614 1336675 1125751 104971 105953 17341 17341 dining hall meal plans 366707 366707 0 0 special events 319118 0 0 319118 workshop performance 252711 252711 0 0 audition tour and commu 147368 147368 0 0 health supplies 118471 118471 0 0 224174 131286 11493 81395 11532535 8705082 1406864 1420589 1014987 669758 2807833 4149441 2132226 1537414 25594 8698 51826 164928 39827917 20923918 20065618 18903999 33437198 22380213 17224264 28875445 325112 312849 77084658 77002745 1284088 886751 703612 813312 8600000 8600000 10587700 10300063 X 35493911 34745638 778653 699921 30224394 31257123 66496958 66702682 77084658 77002745 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 52061625 1651359 3364064 2985488 54091560 60491313 1212229 -6473248 3168669 52061625 0.44000 0.56000 0 0 2067047 2067047 25898483 10165247 15733236 0 2721424 2056962 664462 9140963 8701709 439254 18903999 BARLOW PARTNERS OFFSHORE 5397963 F WEATHERFLOW OFFSHORE FUND I 3000000 F SILVER CREEK LOW VOL STRATEGIES 4945298 F FORESTER DIVERSIFIED 3898120 F METROPOLITAN REAL ESTATE PARTNERS 531786 F WELLINGTON STRATEGIC RA CTF 5142960 F GREENLIGHT MASTERS 2116542 F GREENLIGHT CAPITAL 2115274 F BARCLAY'S WEALTH ADVISOR SERIES 1727502 F 28875445 11962901 11532535 430366 -224642 -224642 205724 11738259 -224642 -224642 11962901 0 11962901 11532535 0 11532535 0 11532535 Part V, Line 4: Description of Intended Use of Endowment Funds: 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 by donor intent, most significantly scholarships and faculty salaries. During FY10, the School used a draw rate of 5.25% from the endowment, based on a 3-year rolling average. SCHEDULE D, PART V, LINE 1E INCLUDES SCHOLARSHIPS, FACULTY SALARIES, AND OTHER EXPENDITURES FOR FACILITIES AND PROGRAMS. Part X: Description of Uncertain Tax Positions Under FIN 48: 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. 0 1 0 See Schedule o 1 1 1 1 0 0 0 0 0 0 0 0 1 0 DURING FY 2010, SAB RECEIVED A TEMPORARILY RESTRICTED GRANT FROM THE NEW YORK CITY DEPT. OF CULTURAL AFFAIRS DESIGNATED FOR SUPPORT OF THE SCHOOL'S FY 2011 WORKSHOP PERFORMANCES, COMMUNITY OUTREACH PROGRAMS, AND TUITION-FREE BOYS' PROGRAM. ALSO DURING FY 2010, A SIMILAR GRANT FROM NEW YORK CITY, RECEIVED IN FY 2009 FOR FY 2010, WAS RECOGNIZED AS RELEASED FROM RESTRICTION. A GRANT FROM THE NATIONAL ENDOWMENT FOR THE ARTS IN SUPPORT OF SAB'S FY 2011 TUITION-FREE BOYS' PROGRAM AND COMMUNITY OUTREACH PROGRAMS WAS RECEIVED DURING FY 2010 AND, ACCORDINGLY, RECORDED AS TEMPORARILY RESTRICTED. 0 With regard to Rev. Proc. 75-50, 1975-2 C.B. 587, SAB's governing documents did not contain a statement that it has a racially nondiscriminatory policy as to its students. Though the School regularly states its nondiscriminatory policy in public materials and fully implements the policy, it needs to add a corresponding statement to its Board governance materials and will do so during the subsequent year. WINTER BALL 876121 751349 124772 124772 WORKSHOP BENEFIT 702423 625968 76455 76455 1 567643 245745 321898 321898 2146187 1623062 523125 523125 523125 0 1 tution and room & board Scholarships 246 1219812 book financial aid travel stipends 37 9820 book financial aid academic school scholarships 10 92500 book financial aid wien awards for excellence 5 50000 book award MUSIC SCHOLARSHIP 1 375 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, financial assistance is largely directed to aid with costs of tuition and room & board. financial aid grants for tuition and room & board are credited directly to students' accounts; there is no cash distribution. modest travel stipends are released only upon receipt of expense documentation. X X X X 1 0 0 0 0 0 0 0 0 Marjorie L Van Dercook 233491 0 9766 0 0 0 20345 0 5907 0 269509 0 0 0 Kay Mazzo Bellas 157364 0 6098 0 0 0 13051 0 0 0 176513 0 0 0 Stephen Dewhurst 153669 0 6200 0 0 0 12917 0 5907 0 178693 0 0 0 Katrina Killian 132980 0 5062 0 0 0 11306 0 5907 0 155255 0 0 0 Jock Soto 139865 0 5127 0 0 0 12139 0 5907 0 163038 0 0 0 THOMAS W SCHOFF 164178 0 0 0 0 0 0 0 2030 0 166208 0 0 0 Supplemental Information Part III form 990, SCHEDULE J, PART II, COLUMN (B)(ii) BONUS PAYMENTS MADE TO ALL EMPLOYEES IN LIEU OF ANNUAL SALARY INCREASES. form 990, SCHEDULE J, PART I, LINE 4(A) FORMER DIRECTOR OF PLANNING, THOMAS W. SCHOFF, RECEIVED $94,899 IN SEVERANCE PAYMENTS. THE trust for cultural reSources of NYC 911882413 898328af6 2006-08-08 8600000 Improvements on SAB Building 0 0 8721324 99669 236064 8199600 2010 0 0 0 1 0 0 0 0 1 0.00000 0.00000 0.00000 1 0 1 0 0 1 0 X 18 195902 fmv 0 0 0 Form 990, Part III, line 2 New Program Services During FY 2010, SAB undertook its first international auditions, held in Paris and Tokyo. In New York, the School introduced community performances in Brooklyn and Queens for local family audiences. Form 990, Part VI, Section B, line 11 In advance of submitting the School's fiscal year 2010 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 & Compensation Committee, Chairman of the Board, and Treasurer. These individuals were all invited to comment prior to submission of the Form 990. Form 990, Part VI, Section B, line 12c the school requires disclosure at the time that a transaction is being considered of any interest THAT a director, officer or employee may have in the transaction. should a transaction involve board approval, any interested party is required to retire from the meeting during the decision making of the matter under consideration. futhermore, the school has a detailed conflict of interest questionnaire that is required of all directors, officers and key employees annually. Form 990, Part VI, Section B, line 15 The School reviews compensation of key employees annually. Such review utilizes 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 & Compensation Committee for other key employees, specifically the 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: Executive Director - at time of contract renewal in September 2010; other key employees - in 2009 during the FY 2010 budget process. Form 990, Part VI, Section C, line 19 the school makes its financial statements available to the public by posting them on its website; hard copies are also available upon request. copies of the school's governing documents and conflict of interest policy are provided to the public upon request. form 990, part xi, line 2c financial statements and reporting the process for oversight of the audit of the organization's financial statements and selection of an independent accountant has not changed from the prior year. form 990, schedule e, line 3 non-discrimination policy the following statement is included in the school's recruiting brochures and calandars as well as on the admissions pages of our official web site: notice of non-discrimination policy 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, admissions policies, scholarship programs or any other school-administered programs. the above statement is also provided on written information handed to applicants at auditions. we do not include the statement in print advertising for auditions due to space limitations. we take relatively small ads in newspapers and magazines which do not allow enough space for the extended text. a non-discrimination policy statement is also included in the school's employee handbook. FORM 990, part VI, SECTION B, line 13 WRITTEN WHISTLEBLOWER POLICY WHILE THE SCHOOL DID NOT NOT HAVE A WRITTEN WHISTLEBLOWER POLICY IN PLACE AS OF THE END OF ITS TAX YEAR, ONE IS BEING DEVELOPED AND WILL BE INCLUDED IN THE STAFF HANDBOOK CURRENTLY BEING PREPARED. FORM 990, part VI, SECTION B, line 14 WRITTEN DOCUMENT RETENTION AND DESTRUCTION POLICY THE SCHOOL IS PREPARING A WRITTEN DOCUMENT RETENTION AND DESTRUCTION POLICY THAT WILL BE DISTRIBUTED TO ALL RESPONSIBLE PARTIES.