AMERICAN ACADEMY OF DRAMATIC ARTS: Form 990, tax year 2009
View the entire original 990 at ProPublica ↗
- Organization
- AMERICAN ACADEMY OF DRAMATIC ARTS (EIN 13-0429660)
- Tax period
- 2009-09-01 to 2010-08-31
- Filed
- 2011-07-13
- IRS object ID
- 201141949349300134
- Schema version
- 2009v1.7
- 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
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule I
- Schedule J
- Schedule L
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-07-13T13:42:04-05:00 | Timestamp |
| Tax Period End Date | 2010-08-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FRIEDMAN LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 EAGLE ROCK AVENUE STE 200 | AddressLine1 |
| City | EAST HANOVER | City |
| State | NJ | State |
| ZIP Code | 07936 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2009-09-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 130429660 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | AMERICAN ACADEMY OF DRAMATIC ARTS | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | AMER | NameControl |
| Phone | 2126869244 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 120 MADISON AVENUE | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10016 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JOHN POLSKY | Name |
| Title | CFO | Title |
| Phone | 2126869244 | Phone |
| Date Signed | 2011-07-13 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 9739293500 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2009 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | SUSAN ZECH | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 120 MADISON AVENUE | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10016 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 19713965 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | WWW.AADA.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1899 | YearFormation |
| State Legal Domicile | NY | StateLegalDomicile |
| Activity Or Mission Description | TO PROVIDE ACTING LESSONS AND CLASSES TO ASPIRING STUDENTS. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 13 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 13 | NbrIndependentVotingMembers |
| Total Nbr Employees | 347 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 451289 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 472235 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 9936451 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 11271653 | ProgramServiceRevenueCY |
| Investment Income Prior Year | -671220 | InvestmentIncomePriorYear |
| Investment Income Current Year | 547471 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 823206 | OtherRevenuePriorYear |
| Other Revenue Current Year | 967813 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 10539726 | TotalRevenuePriorYear |
| Total Revenue Current Year | 13259172 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 611167 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 1928050 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 6653612 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 6627747 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 181735 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 4497859 | OtherExpensePriorYear |
| Other Expenses Current Year | 4986603 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 11762638 | TotalExpensesPriorYear |
| Total Expenses Current Year | 13542400 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -1222912 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -283228 | RevenuesLessExpensesCY |
| Total Assets BOY | 20001087 | TotalAssetsBOY |
| Total Assets EOY | 20429311 | TotalAssetsEOY |
| Total Liabilities BOY | 11048294 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 11730785 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 8952793 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 8698526 | NetAssetsOrFundBalancesEOY |
| Mission Description | The goal of the Academy is to prepare students for acting careers in theatre, television and film. Their purpose is to provide a practical, post-secondary education that emphasizes the skills needed by an actor in today's competitive environment. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 12088524 | Expense |
| Grants | 1928050 | Grants |
| Revenue | 12075573 | Revenue |
| Description | THE AMERICAN ACADEMY OF DRAMATIC ARTS IS A SCHOOL FOR PROFESSIONAL DRAMATIC TRAINING. DURING THE 2009-2010 YEAR, THERE WERE APPROXIMATELY 425 FULL-TIME STUDENDS AT OUR TWO CAMPUSES IN NEW YORK AND CALIFORNIA. THE ACADEMY ALSO TRAINED 195 PART-TIME STUDENTS IN ITS EVENING AND SUMMER PROGRAMS. | Description |
| Total Program Service Expense | 12088524 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Balance Sheet Amounts Reported | 1 | BalanceSheetAmountsReported |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 1 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 23 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 347 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Nbr Voting Governing Body Members | 13 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 13 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 1 | LocalChapters |
| Policies Reference Chapters | 1 | PoliciesReferenceChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | CA | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Organization | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 2126869244 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 120 MADISON AVE | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10016 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (19 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|
| Michael Gardner | ||||||||
| Chairman | 2.00 | X | X | 0 | 0 | 0 | ||
| Sam Gores | ||||||||
| Vice-Chairman | 2.00 | X | X | 0 | 0 | 0 | ||
| Jolyon Stern | ||||||||
| Vice-Chairman | 2.00 | X | X | 0 | 0 | 0 | ||
| E Robert Goodkind | ||||||||
| Secretary | 2.00 | X | X | 0 | 0 | 0 | ||
| Dana Pancrazi | ||||||||
| Treasurer | 2.00 | X | X | 0 | 0 | 0 | ||
| ROBERT E WANKel | ||||||||
| Chairman Emeritus | 2.00 | X | 0 | 0 | 0 | |||
| Claudia Faris | ||||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | |||
| Alan A Fischer | ||||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | |||
| Gregory Taft Gerard | ||||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | |||
| Felix Grossman | ||||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | |||
| Brian Henson | ||||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | |||
| Jonathan Pollard | ||||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | |||
| Steven Sanders | ||||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | |||
| Roger Croucher | ||||||||
| President | 40.00 | X | 235176 | 0 | 16127 | X | ||
| Robert Reddington | ||||||||
| Chief Financial Officer | 40.00 | X | 179246 | 0 | 31117 | X | ||
| Christine Arnold | ||||||||
| Director of Development | 40.00 | 128149 | 0 | 13699 | X | |||
| Karen Higginbotham | ||||||||
| Director of Admissions | 40.00 | 137652 | 0 | 19454 | X | |||
| Constantine Scopas | ||||||||
| Director of Instruction - NY | 40.00 | 104226 | 0 | 27804 | X | |||
| JAMES DEMONIC | ||||||||
| ACADEMIC COORDINATOR/FACULTY | 40.00 | 115747 | 0 | 13930 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 900196 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 122131 | TotalOtherCompensation |
| Number Individuals GT100 K | 6 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (2 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| AD Lubow | |||||
| One Penn Plaza Suite 5312 | New York | NY | 10019 | ADVERTISING SERVICES | 369951 |
| Uruhun | |||||
| 76 Stony Hollow Road | Centerport | NY | 11721 | COMPUTER AND NETWORK SERVICES | 209102 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 2 | NumberOfContractorsGT100K |
| Government Grants | 84456 | GovernmentGrants |
| All Other Contributions | 387779 | AllOtherContributions |
| Total Contributions | 472235 | TotalContributions |
Program Service Revenue ProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | TUITION AND FEES | Description |
| Business Code | 611310 | BusinessCode |
| Total Revenue Column | 11271653 | TotalRevenueColumn |
| Related Or Exempt Function Income | 11271653 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 11271653 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 103314 | TotalRevenueColumn |
| Exclusion | $103,314 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 927462 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 927462 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 927462 | TotalRevenueColumn |
| Related Or Exempt Function Income | 803920 | RelatedOrExemptFunctionIncome |
| Exclusion | $123,542 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 6898950 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 6454793 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 444157 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 444157 | TotalRevenueColumn |
| Exclusion | $444,157 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | MISCELLANEOUS | Description |
| Business Code | 611310 | BusinessCode |
| Total Revenue Column | 40351 | TotalRevenueColumn |
| Exclusion | $40,351 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 40351 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 13259172 | TotalRevenueColumn |
| Related Or Exempt Function Income | 12075573 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $711,364 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1928050 | Total |
| Program Services | 1928050 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 758837 | Total |
| Program Services | 637423 | ProgramServices |
| Management And General | 106237 | ManagementAndGeneral |
| Fundraising | 15177 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4586320 | Total |
| Program Services | 3852509 | ProgramServices |
| Management And General | 642085 | ManagementAndGeneral |
| Fundraising | 91726 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 336152 | Total |
| Program Services | 282368 | ProgramServices |
| Management And General | 47061 | ManagementAndGeneral |
| Fundraising | 6723 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 444129 | Total |
| Program Services | 373068 | ProgramServices |
| Management And General | 62178 | ManagementAndGeneral |
| Fundraising | 8883 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 502309 | Total |
| Program Services | 421940 | ProgramServices |
| Management And General | 70323 | ManagementAndGeneral |
| Fundraising | 10046 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 62032 | Total |
| Program Services | 52107 | ProgramServices |
| Management And General | 8684 | ManagementAndGeneral |
| Fundraising | 1241 | Fundraising |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 63015 | Total |
| Program Services | 52933 | ProgramServices |
| Management And General | 8822 | ManagementAndGeneral |
| Fundraising | 1260 | Fundraising |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 24095 | Total |
| Program Services | 20240 | ProgramServices |
| Management And General | 3373 | ManagementAndGeneral |
| Fundraising | 482 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 564009 | Total |
| Program Services | 564009 | ProgramServices |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 661562 | Total |
| Program Services | 555713 | ProgramServices |
| Management And General | 92619 | ManagementAndGeneral |
| Fundraising | 13230 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 66377 | Total |
| Program Services | 55756 | ProgramServices |
| Management And General | 9293 | ManagementAndGeneral |
| Fundraising | 1328 | Fundraising |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6202 | Total |
| Program Services | 6202 | ProgramServices |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 530463 | Total |
| Program Services | 445589 | ProgramServices |
| Management And General | 74265 | ManagementAndGeneral |
| Fundraising | 10609 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 65913 | Total |
| Program Services | 55367 | ProgramServices |
| Management And General | 9228 | ManagementAndGeneral |
| Fundraising | 1318 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 65478 | Total |
| Program Services | 55001 | ProgramServices |
| Management And General | 9167 | ManagementAndGeneral |
| Fundraising | 1310 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 217804 | Total |
| Program Services | 217476 | ProgramServices |
| Management And General | 287 | ManagementAndGeneral |
| Fundraising | 41 | Fundraising |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 544704 | Total |
| Program Services | 457551 | ProgramServices |
| Management And General | 76259 | ManagementAndGeneral |
| Fundraising | 10894 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 237838 | Total |
| Program Services | 199784 | ProgramServices |
| Management And General | 33297 | ManagementAndGeneral |
| Fundraising | 4757 | Fundraising |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices |
|---|---|---|
| STUDENT HOUSING | 993142 | 993142 |
| PLAY/PRODUCTION EXPENSE | 235911 | 235911 |
| BAD DEBT | 139800 | 139800 |
| RECRUITING | 97027 | 97027 |
| STUDENT SERVICES | 89463 | 89463 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 321768 | Total |
| Program Services | 300095 | ProgramServices |
| Management And General | 18963 | ManagementAndGeneral |
| Fundraising | 2710 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 13542400 | Total |
| Program Services | 12088524 | ProgramServices |
| Management And General | 1272141 | ManagementAndGeneral |
| Fundraising | 181735 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 966921 | BOY |
| EOY | 844278 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 135581 | BOY |
| EOY | 127146 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1610344 | BOY |
| EOY | 2439060 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 341444 | BOY |
| EOY | 429010 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 14475204 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 3919551 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10604795 | BOY |
| EOY | 10555653 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6132703 | BOY |
| EOY | 4818513 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 23667 | BOY |
| EOY | 1038570 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 185632 | BOY |
| EOY | 177081 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 20001087 | BOY |
| EOY | 20429311 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 989609 | BOY |
| EOY | 775238 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3344885 | BOY |
| EOY | 4597915 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6244610 | BOY |
| EOY | 5980000 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 469190 | BOY |
| EOY | 377632 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11048294 | BOY |
| EOY | 11730785 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7246958 | BOY |
| EOY | 6991724 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1705835 | BOY |
| EOY | 1706802 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8952793 | BOY |
| EOY | 8698526 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 20001087 | BOY |
| EOY | 20429311 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 1 | FederalGrantAuditRequired |
| Federal Grant Audit Performed | 1 | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 1705835 | BeginningOfYearBalance |
| Contributions | 967 | Contributions |
| End Of Year Balance | 1706802 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 1705835 | BeginningOfYearBalance |
| End Of Year Balance | 1705835 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Permanent Endowment EOY Balance | 1.00000 | PermanentEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 5402246 | OtherCostOrOtherBasis |
| Book Value | 5402246 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 7807943 | OtherCostOrOtherBasis |
| Depreciation | 3011610 | Depreciation |
| Book Value | 4796333 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1265015 | OtherCostOrOtherBasis |
| Depreciation | 907941 | Depreciation |
| Book Value | 357074 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 10555653 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | HEDGE FUND | Description |
| Book Value | 1038570 | BookValue |
| Method Of Valuation | F | MethodOfValuation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 1038570 | TotalOfBookValueSecurities |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | PENSION OBLIGATION | Description |
| Amount | $377,632 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 377632 | TotalOfAmounts |
| Total Revenue | 13259172 | TotalRevenue |
| Total Expenses | 13542400 | TotalExpenses |
| Excess Or Deficit For Year | -283228 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 28961 | NetUnrealizedGLOnInvestments |
| Total Adjustments | 28961 | TotalAdjustments |
| Excess Or Deficit Per FS | -254267 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 11360083 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 28961 | NetUnrealizedGainsInvestments |
| Revenue Not Rptd F990 | 28961 | RevenueNotRptdF990 |
| Revenue Subtotal | 11331122 | RevenueSubtotal |
| Other Revenues Not Included | 1928050 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 1928050 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 13259172 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 11614350 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 11614350 | ExpensesSubtotal |
| Other Expenses Not Included | 1928050 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 1928050 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 13542400 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (3 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Part X: | Description of Uncertain Tax Positions Under FIN 48: | THE ORGANIZATION'S TAX FILINGS FOR YEARS PRIOR TO FISCAL 2007 ARE NO LONGER SUBJECT TO EXAMINATION BY TAX AUTHORITIES. |
| Part XII, Line 4b - Other Adjustments: | SCHOLARSHIPS: 1928050. | |
| Part XIII, Line 4b - Other Adjustments: | SCHOLARSHIPS: 1928050. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 1 | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | 1 | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | 1 | PolicyPublViaBroadcastMedia |
| Pub Via Broadcast Media Expln | ALL ENTERING STUDENTS RECEIVE A STUDENT HANDBOOK DURING REGISTRATION WHICH EXPLICITLY STATES THE ACADEMY'S POLICY. THIS INFORMATION IS ALSO DISSEMINATED IN THE ACADEMY'S CATALOG SENT TO ALL PROSPECTIVE STUDENTS AND IN ADVERTISING. | PubViaBroadcastMediaExpln |
| Maint Racial Composition Records | 1 | MaintRacialCompositionRecords |
| Maint Scholarships Records | 1 | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | 1 | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | 1 | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | 0 | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | 0 | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | 0 | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | 0 | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | 0 | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | 0 | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActy |
| Government Financial Aid Received | 1 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Govt Financial Aid Explanation | THE ACADEMY IS PROVIDED STUDENT FINANCIAL AID THROUGH THE DEPARTMENT OF EDUCATION UNDER THE FOLLOWING PROGRAMS:1. FEDERAL PELL GRANT PROGRAM2. FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT PROGRAM3. FEDERAL FAMILY EDUCATIONAL LOANS PROGRAM4. FEDERAL WORK STUDY PROGRAM | GovtFinancialAidExplanation |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | STUDENT SCHOLARSHIPS | TypeOfGrant |
| Amount Of Non Cash Assistance | 1928050 | AmountOfNonCashAssistance |
| Method Of Valuation | FMV | MethodOfValuation |
| Description Of Non Cash Assistance | TUITION REDUCTION | DescriptionOfNonCashAssistance |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Procedure for Monitoring Grants in the U.S.: | Identifier |
| Return Reference | Part I, Line 2: | ReturnReference |
| Explanation | Schedule I, Part I, Line 2: SCHOLARSHIPS ARE AWARDED ON THE BASIS OF MERIT AND NEED. FIRST YEAR STUDENTS MAY BE AWARDED SPECIAL ASSISTANCE BASED ON NEED AND MERIT AS DETERMINED BY THE APPLICANTS' APPLICATION AND AUDITION. SECOND YEAR AND ACADEMY COMPANY STUDENTS MAY APPLY FOR SCHOLARSHIPS BY WRITING TO THE ACADEMY'S SCHOLARSHIP COMMITTEE WHICH MAKES ALL SCHOLARSHIP DECISIONS. DETAILS ARE AVAILABLE UPON REQUEST. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 1 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (3 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Roger Croucher | |||||||||||||
| 215196 | 0 | 0 | 0 | 19980 | 0 | 9020 | 0 | 7107 | 0 | 251303 | 0 | 0 | 0 |
| Robert Reddington | |||||||||||||
| 179246 | 0 | 0 | 0 | 0 | 0 | 11159 | 0 | 19958 | 0 | 210363 | 0 | 0 | 0 |
| Karen Higginbotham | |||||||||||||
| 135091 | 0 | 0 | 0 | 2561 | 0 | 10449 | 0 | 9005 | 0 | 157106 | 0 | 0 | 0 |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV (2 entries)
| RelationshipRelationship | Amount Of TransactionAmountOfTransaction | Description Of TransactionDescriptionOfTransaction | Sharing Of RevenuesSharingOfRevenues |
|---|---|---|---|
| DEWITT AND STERN | |||
| JOLYON STERN, BOARD MEMBER IS OWNER OF DEWITT AND STERN | 134347 | GENERAL LIABILITY INSURANCE COVERAGE | 0 |
| PRYOR CASHMAN | |||
| ROBERT GOODKIND, PARTNER IN PRYOR CASHMAN IS A BOARD MEMBER | 50926 | PROVIDE LEGAL SERVICES | 0 |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (5 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Form 990, Part VI, Section B, line 11 | A COPY OF THE FORM 990 IS PRESENTED TO THE FINANCE COMMITTEE FOR REVIEW PRIOR TO FILING WITH THE IRS. |
| Form 990, Part VI, Section B, line 12c | IT IS THE RESPONSIBILITY OF ALL TRUSTEES AND EMPLOYEES OF THE ACADEMY TO FAMILIARIZE THEMSELVES WITH THE CONFLICT OF INTEREST POLICY AND TO ENSURE COMPLIANCE. IN ADDITION TO THE DISCLOSURES REQUIRED BY THIS POLICY, ANNUALLY EACH TRUSTEE AND EMPLOYEE WILL BE PROVIDED WITH A STATEMENT TO COMPLETE AND RETURN INDICATING THAT THEY HAVE READ, UNDERSTAND AND ARE IN COMPLIANCE WITH THE POLICY. |
| Form 990, Part VI, Section B, line 15 | THE PRESIDENT OF THE BOARD OF TRUSTEES, ACTING AS A COMPENSATION COMMITTEE, REVIEWS THE PERFORMANCE OF THE CHIEF EXECUTIVE OFFICER AND RECOMMENDS WAGE AND BENEFIT LEVELS TO THE ENTIRE BOARD FOR APPROVAL. THE BOARD IS AWARE OF THE COMPENSATION AMOUNTS FOR OTHER KEY EMPLOYEES AND SENIOR MANAGEMENT TEAM MEMBERS BUT THE DECISIONS GOVERNING THEIR COMPENSATION ARE UNDER THE PURVIEW OF THE ACADEMY PRESIDENT. |
| Form 990, Part VI, Section C, line 19 | THE ACADEMY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC DURING REGULAR BUSINESS HOURS AT THE ACADEMY'S ADDRESS AFTER RECEIPT OF WRITTEN REQUEST TO EXAMINE. |
| THE ORGANIZATION DID NOT CHANGE EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE YEAR. |
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