2026-05-14T19:33:29-05:00 2025-06-30 331374517 PKF O'CONNOR DAVIES ADVISORY LLC 245 PARK AVENUE 12TH FLOOR NEW YORK NY 10167 990 2024-07-01 132501829 AMDA INC (AMERICAN MUSICAL AND DRAMATIC ACADEMY) AMDA 2127875300 211 WEST 61ST STREET NEW YORK NY 10023 DAVID SILVERMAN CHIEF FINANCIAL OFFICER 2129573331 2026-05-14 1 1 GARRETT M HIGGINS P00543209 2122862600 2026-05-13 2024 2025-03-06 01:10:19Z SEE SCHEDULE O JAN R MARTIN 211 WEST 61ST STREET NEW YORK NY 10023 127721087 0 X WWW.AMDA.EDU X 1964 NY SEE SCHEDULE O 8 6 1534 8 0 0 100 19920 133954481 125824169 1212310 1062623 345932 629748 135512823 127536460 25478173 27425557 0 0 52236498 51575959 0 0 0 62189151 64375155 139903822 143376671 -4390999 -15840211 195738328 173848267 161284143 163002375 34454185 10845892 X AMDA IS COMMITTED TO PROVIDING AN UNSURPASSED PERFORMING ARTS EDUCATION TO A DIVERSE COMMUNITY OF CREATIVE ARTISTS. AMDA SEEKS TO BE BOTH THE SCHOOL AND THE STAGE, WHERE STUDENTS ARE GIVEN THE SUPPORT AND THE FREEDOM TO FIND THEIR VOICE AND TO DESIGN AND CREATE THEIR OWN UNIQUE ARTISTIC VISION. WE STRIVE TO CREATE AN ENVIRONMENT FOR OUR STUDENTS TO DEVELOP THE SKILLS, CONFIDENCE, IMAGINATION AND POWER TO CONTRIBUTE TO THEIR COMMUNITY AS ARTISTS, ENTREPRENEURS, VISIONARIES, LIFELONG LEARNERS AND CONSCIENTIOUS CITIZENS OF THE WORLD. TO ACHIEVE THIS, AMDA PROVIDES RIGOROUS, PERFORMANCE-BASED TRAINING AND AN INDUSTRY-FOCUSED EDUCATION EXPERIENCE THAT INSPIRES EXCELLENCE AND PREPARES ARTISTS WITH AN APPRECIATION FOR THE UNIVERSAL POWER OF TRANSFORMATION THROUGH ART. ABOVE ALL, WE WANT TO TEACH OUR STUDENTS THAT COMMITMENT, PASSION, AND JOY ARE THE HALLMARKS TO A SUCCESSFUL CAREER. 0 0 97071574 27425557 78371862 INSTRUCTION: PROVIDE FULL-TIME POST SECONDARY TRAINING FOR APPROXIMATELY 1,500 STUDENTS IN THE PERFORMING ARTS. TWO PROGRAMS ARE AVAILABLE TO STUDENTS-A TWO-YEAR CONSERVATORY PROGRAM AND A FULL FOUR-YEAR BACHELOR OF FINE ARTS DEGREE IN MULTIPLE FIELDS OF STUDY (MUSICAL THEATER, ACTING, DANCE THEATER AND PERFORMING ARTS). INSTRUCTION-RELATED SERVICES ALSO INCLUDE EDUCATIONAL SUPPORT AND RELATED STUDENT SERVICES. 19848937 0 21250034 AUXILLIARY SERVICES: PROVIDES SERVICES TO SUPPORT THE INSTRUCTION OF THE EDUCATIONAL INSTITUTION INCLUDING STUDENT HOUSING, FOOD SERVICES, BOOKSTORE, AND RELATED SERVICES. 0 3517632 AMDA ENTERED INTO A CONTRACT WITH AN UNRELATED ORGANIZATION TO HELP THE ORGANIZATION BUILD AND GROW A THEATER AND PERFORMING ARTS INDUSTRY IN THEIR COUNTRY. AMDA IS TO FILL THE ROLE OF A STRATEGIC PARTNER TO PROVIDE SUPPORT IN DESIGNING AND BUILDING PROGRAMS, CURRICULUM AND CONTENT IN LINE WITH BEST PRACTICES. IT IS EXPECTED THAT THIS PARTNERSHIP WILL EXIST FOR A NUMBER OF YEARS. 22553997 HOUSING: TO LESSEN THE BURDENS OF THE GOVERNMENT, AMDA PROVIDED SHELTER TO THE POOR AND DISTRESSED OR UNDERPRIVILEGED. 22553997 116920511 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 1 102 0 1534 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 6 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA NY X X DAVID SILVERMAN - CFO 2127875300 211 WEST 61ST STREET NEW YORK NY 10023 DAVID D MARTIN PRESIDENT/DIRECTOR - SEE SCH J. 50.00 2.00 X X 646593 0 26295 JAN R MARTIN CEO/DIRECTOR - SEE SCH. J 50.00 5.00 X X 574699 0 26295 NANCY SULLIVAN CHAIRPERSON/DIRECTOR 5.00 5.00 X X 0 0 0 ELISA LEFKOWITZ SECRETARY/DIRECTOR 3.00 0.00 X X 0 0 0 MATT MCALPINE DIRECTOR 1.00 0.00 X 0 0 0 JON FREEDMAN DIRECTOR 1.00 0.00 X 0 0 0 JUAN JONES DIRECTOR 1.00 0.00 X 0 0 0 SALLY KOENIG DIRECTOR 1.00 0.00 X 0 0 0 DAVID SILVERMAN CFO/ COO 50.00 5.00 X 499548 0 136004 MICHAEL ANGOTTI PROVOST/COO/CAO 50.00 0.00 X 187692 0 580 JOHN L GALGANO GENERAL COUNSEL, THRU DEC 2024 50.00 0.00 X 458941 0 45979 MARK RUGGIERO DIRECTOR OF FINANCIAL AID 40.00 0.00 X 218628 0 595 JASON CHAET FACULTY 40.00 0.00 X 210083 0 17947 MIKE KELLER VP ENROLLMENT 40.00 0.00 X 268244 0 64763 BLAKE BABBITT DIRECTOR OF OUTREACH 40.00 0.00 X 169299 0 16024 ROB GORRIE SENIOR DIRECTOR OF ENROLLMENT 40.00 0.00 X 154971 0 16147 3388698 0 350629 60 0 1 0 UNITED GUARD SECURITY INC 879 W 109TH ST 280 GARDENA CA 90248 SECURITY 2138339 FUNCOOKERS INC 6305 YUCCA ST LOS ANGELES CA 90028 FOOD SERVICES 1452340 RUFFALO NOEL LEVITZ LLC 1920 E PARHAM RD RICHMOND VA 23228 ENROLLMENT MANAGEMENT SERVICES 920566 KENCAL MAINTENANCE CORP 355 KNOLLWOOD ROAD WHITE PLAINS NY 10603 CLEANING SERVICE 798585 ARROW SECURITY 570 TAXTER RD ELMSFORD NY 10523 SECURITY 503110 24 19920 19920 TUITION 611610 78239802 78239802 RENTAL INCOME 531390 22553997 22553997 AUXILIARY SERVICES 611610 21250034 21250034 KSA CONTRACT REVENUE 900099 3517632 3517632 WORK STUDY REIMBURSEMENTS 611610 256246 256246 6458 6458 125824169 1062623 1062623 53983 184627 -130644 -130644 REFUNDS 900099 423280 423280 OTHER REVENUE 900099 169972 169972 LIABILITY WRITE-OFF 900099 122128 122128 45012 45012 760392 127536460 125693525 0 1823015 27425557 27425557 2269690 1626082 643608 41208161 34039261 7168900 102985 84448 18537 4339945 3594070 745875 3655178 2997246 657932 412233 32804 379429 374576 374576 790911 569937 220974 4324800 3731376 593424 7702472 4932882 2769590 764912 8414 756498 12891473 12635350 256123 727172 202799 524373 8444763 8444763 6060191 4605745 1454446 1869846 774439 1095407 HOUSING RENTALS 10178836 10178836 CAMPUS MEAL PLANS 2831284 2831284 BAD DEBT EXPENSE 2408220 2408220 SCHOLARSHIP AUDITIONS 2167121 2167121 2426345 2074640 351705 143376671 116920511 26456160 0 4209619 3118462 31763338 23164667 3678628 507939 211167 68393 4026032 3416037 131373056 47723433 92894943 83649623 248755 157015 58705846 59766131 195738328 173848267 3907985 4374414 14964627 15055251 79134767 79274371 4563943 4386563 58712821 59911776 161284143 163002375 X 34454185 10845892 34454185 10845892 195738328 173848267 X -15840211 -7768082 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 24874006 24874006 49325463 16891240 32434223 40331331 16276686 24054645 12065856 10345494 1720362 4776400 4210013 566387 83649623 SECURITY DEPOSITS 2605415 DEFERRED LEASE COST, NET 647641 RENT RECEIVABLE 15841 RIGHT OF USE ASSET 52797592 DUE FROM GOVERNMENT 3699642 59766131 DEFERRED COMPENSATION PAYABLE 805181 DUE TO MSA 830010 INTEREST PAYABLE 3354676 ROU LIABILITY 54921909 59911776 X 100127754 26164 26164 100101590 27434870 27434870 127536460 115869888 1878087 1878087 113991801 29384870 29384870 143376671 PART X, LINE 2: THE ACADEMY RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE ACADEMY HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE ACADEMY IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO FISCAL YEAR 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: CONSOLIDATED REVENUE INCLUDED ON RELATED ENTITY FORM 990 26,164. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS NETTED AGAINST REVENUE ON FINANCIAL STATEMENTS 27,425,557. LATE FEE REVENUE INCLUDED IN EXPENSE ON FINANCIAL STATEMENT 270. RECLASS OF COGS BACK TO PART IX, LINE 10B 9,043. PART XII, LINE 2D - OTHER ADJUSTMENTS: CONSOLIDATED EXPENSES INCLUDED ON RELATED ENTITY FORM 990 1,878,087. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS NETTED AGAINST REVENUE ON FINANCIAL STATEMENTS 27,425,557. ALLOCATION OF HOUSING EXPENSES FROM MSA, INC. (100% OWNED SUBSIDIARY) 1,950,000. LATE FEE REVENUE INCLUDED IN EXPENSE ON FINANCIAL STATEMENT 270. RECLASS OF COGS BACK TO PART IX, LINE 10B 9,043. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL PUBLISHES ITS NON-DISCRIMINATION POLICY ON ITS WEBSITE. ADDITIONALLY, THE SCHOOL PUBLISHES THE FOLLOWING STATEMENT IN THE CATALOGUE, APPLICATION FOR ADMISSION, STUDENT HANDBOOK, FACULTY HANDBOOK AND EMPLOYEE HANDBOOK: THE AMERICAN MUSICAL AND DRAMATIC ACADEMY IS AN EQUAL OPPORTUNITY INSTITUTION. DECISIONS CONCERNING ADMISSION, ENROLLMENT, STATUS, FINANCIAL AID, OR EMPLOYMENT BY AMDA ARE BASED ON TALENT AND QUALIFICATIONS, WITHOUT REGARD TO RACE, COLOR, RELIGION, SEX, AGE, SEXUAL ORIENTATION, NATIONALITY OR ETHNIC ORIGIN OR DISABILITY. 1 NATIONAL SCHOLARSHIPS 1588 25410433 INSTITUTIONAL AID 82 132245 MERIT AWARDS 773 459883 INTERNATIONAL SCHOLARSHIPS 109 292472 SUMMER GRANTS 263 921182 VIP SCHOLARSHIPS 58 57501 JUNIOR SCHOLARSHIPS 7 7267 DANCE SCHOLARSHIPS 1 500 SUMMER GRANT SCHOLARSHIPS 284 112374 GAP YEAR SCHOLARSHIPS 25 31700 PART I, LINE 2: INSTITUTIONAL AID AWARD TYPE: NEED BASED WHO AWARDS: FINANCIAL AID DEPARTMENT AWARD TYPE: NEED BASED WHO AWARDS: FINANCIAL AID DEPARTMENT THE FINANCIAL AID DEPARTMENT REVIEWS EACH APPLICANT WHO IS ELIGIBLE FOR FINANCIAL ASSISTANCE TO DETERMINE IF THE APPLICANT QUALIFIES FOR A SPECIAL PROGRAM, SPONSORED AND FUNDED BY AMDA, CALLED THE "AMDA GRANT". THE AMDA GRANT IS A TUITION CREDIT GIVEN BY AMDA IN THE AMOUNTS OF $1,000 TO $4,000. THE DETERMINATION OF THE AMOUNT IS CALCULATED UTILIZING THE STUDENT'S EFC (ESTIMATED FAMILY CONTRIBUTION) OUTLINED IN THEIR SAR (STUDENT AID REPORT) WHICH IS BASED ON THEIR FAFSA INFORMATION. STUDENT'S WITH AN EFC FROM ZERO TO 15,000 WILL RECEIVE SOME TYPE OF AMDA GRANT. APPLICANTS: EVERY APPLICANT IS REVIEWED FOR ELIGIBILITY FOR THE AMDA GRANT WHEN THE APPLICANT IS BEING PACKAGED. THIS OCCURS UPON RECEIPT OF THE APPLICANT'S SAR (STUDENT AID REPORT), WHICH IS GENERATED BY THE US DEPARTMENT OF EDUCATION AFTER THE STUDENT HAS COMPLETED THEIR FAFSA. THE REVIEW OF AMDA GRANT ELIGIBILITY AND PACKAGING IS DONE BY THE FINANCIAL AID STAFF MEMBER THAT IS RESPONSIBLE FOR THE PACKAGING AND MANAGEMENT OF THE INCOMING STUDENT POPULATION FOR THAT RESPECTIVE CAMPUS. CURRENTLY ENROLLED STUDENTS: EACH STUDENT WHO IS CURRENTLY ENROLLED IS REVIEWED FOR ELIGIBILITY FOR THE AMDA GRANT WHEN THE STUDENT IS BEING PACKAGED AT THE BEGINNING OF EACH NEW ACADEMIC YEAR. AS WITH APPLICANTS, ELIGIBILITY IS CALCULATED ONCE THE STUDENT'S SAR HAS BEEN RECEIVED. SPECIAL CIRCUMSTANCES/NOTES: IF A PROFESSIONAL JUDGMENT IS COMPLETED TO REDUCE THE STUDENT'S INCOME AND THUS, EFC, WE WILL ALSO INCREASE THE STUDENT'S AMDA GRANT AWARD AMOUNT TO REFLECT THE NEWLY CALCULATED EFC. INTERNATIONAL GRANT AWARD TYPE: NEED BASED WHO AWARDS: FINANCIAL AID DEPARTMENT INTERNATIONAL STUDENTS MAY SUBMIT AN INTERNATIONAL FINANCIAL APPLICATION TO BE CONSIDERED FOR NEED BASED INSTITUTIONAL AID. THE FINANCIAL AID DEPARTMENT REVIEWS EACH FINANCIAL APPLICATION TO DETERMINE IF THE APPLICANT QUALIFIES FOR A SPECIAL PROGRAM, SPONSORED AND FUNDED BY AMDA, CALLED THE "INTERNATIONAL GRANT". THE INTERNATIONAL GRANT IS A TUITION CREDIT GIVEN BY AMDA IN THE AMOUNTS OF $1,000 TO $4,000. THE DETERMINATION OF THE AMOUNT IS DETERMINED BY CALCULATIONS UTILIZING THE ESTIMATED ANNUAL INCOME, AS DETERMINED BY THE INTERNATIONAL FINANCIAL APPLICATION, THEIR DEPENDENCY STATUS AND THE NUMBER OF DEPENDENTS IN THEIR HOUSEHOLD. INTERNATIONAL GRANTS ARE AUTOMATICALLY RENEWED FROM ONE ACADEMIC YEAR TO THE NEXT. APPLICANTS: INTERNATIONAL APPLICANTS WHO SUBMIT THE VOLUNTARY INTERNATIONAL FINANCIAL AID APPLICATION ARE CONSIDERED FOR THE INTERNATIONAL GRANT. CURRENTLY ENROLLED STUDENTS: CONTINUING INTERNATIONAL STUDENTS, WHO WERE NOT AWARDED AN INTERNATIONAL GRANT DURING THEIR FIRST ACADEMIC YEAR, MAY BE CONSIDERED FOR THE INTERNATIONAL GRANT BY SUBMITTING AN INTERNATIONAL FINANCIAL AID APPLICATION FOR THEIR CURRENT AWARD YEAR. SPECIAL CIRCUMSTANCES/NOTES: INTERNATIONAL STUDENTS MAY BE ASKED TO SUBMIT ADDITIONAL DOCUMENTATION TO VALIDATE INFORMATION STATED ON THE INTERNATIONAL FINANCIAL APPLICATION. THIS DOCUMENTATION MAY INCLUDE TAX FORMS, BANK STATEMENTS, PAYROLL STUBS ETC. SUMMER GRANT AWARD TYPE: NEED BASED WHO AWARDS: FINANCIAL AID DEPARTMENT SUMMER GRANTS ARE $1,000 SCHOLARSHIPS AWARDED TO ALL DOMESTIC APPLICANTS, DURING THEIR FIRST YEAR OF STUDY, IF THEY CHOSE TO START DURING THE SUMMER TERM AND THEY HAVE FILED A FAFSA AND HAVE AN EFC LESS THAN 10,000. APPLICANTS: ARE ELIGIBLE TO RECEIVE THE SUMMER GRANT IF THEY BEGIN ENROLLMENT DURING THE SUMMER TERM AND MEET THE EFC REQUIREMENT. CURRENTLY ENROLLED STUDENTS: CONTINUING STUDENTS ARE NOT ELIGIBLE TO RECEIVE THE SUMMER GRANT. AMDA SCHOLARSHIPS AWARD TYPE: MERIT BASED WHO AWARDS: ADMISSIONS DEPARTMENT THE ADMISSIONS DEPARTMENT, SPECIFICALLY THE ADMISSIONS DIRECTORS, REVIEW EACH APPLICANT'S APPLICATION AND AUDITION RESULTS TO DETERMINE IF THE APPLICANT QUALIFIES FOR A SPECIAL PROGRAM, SPONSORED AND FUNDED BY AMDA, CALLED THE "AMDA SCHOLARSHIP". THE AMDA SCHOLARSHIP IS A TUITION CREDIT GIVEN BY AMDA THAT GENERALLY RANGE IN THE AMOUNTS OF $1,000 TO $10,000. THE DETERMINATION OF THE AMOUNT IS CALCULATED UTILIZING A RUBRIC ANALYZING SEVERAL COMPONENTS OF THE STUDENT APPLICATION AND AUDITION, SPECIFICALLY THEIR HIGH SCHOOL TRANSCRIPT/GPA, LETTERS OF RECOMMENDATION, ESSAY AND AUDITION SCORE. APPLICANTS: EVERY APPLICANT IS REVIEWED FOR ELIGIBILITY FOR THE AMDA SCHOLARSHIP DURING THE ADMISSION PROCESS. ONCE A SCHOLARSHIP DECISION HAS BEEN MADE IT IS ENTERING INTO POWERCAMPUS AND THE FINANCIAL AID COUNSELOR RESPONSIBILITY FOR PACKAGING THE PARTICULAR STUDENT'S POPULATION IS NOTIFIED. ONCE WE HAVE RECEIVED THE STUDENT'S SAR, THE APPLICANT IS THEN PACKAGED WITH THEIR AMDA SCHOLARSHIP, AS WELL AS ALL OTHER ELIGIBLE FINANCIAL AID. IF THE STUDENT IS NOT APPLYING FOR FEDERAL AID OR IS AN INTERNATIONAL STUDENT, THEN THEY WOULD BE PACKAGED WITH THEIR AMDA SCHOLARSHIP IMMEDIATELY UPON DETERMINATION AND NOTIFICATION. CURRENTLY ENROLLED STUDENTS: AMDA SCHOLARSHIP ARE RENEWABLE TO ALL CONTINUING STUDENTS FROM ONE ACADEMIC YEAR TO THE NEXT. AMDA SCHOLARSHIPS ARE RE-PACKAGED ONCE WE HAVE RECEIVED THE STUDENT'S NEW SAR AND ARE PACKAGING THEM FOR THE NEW ACADEMIC YEAR. AMDA SCHOLARSHIPS REQUIRE A MINIMUM GPA OF 3.0 TO MAINTAIN A SCHOLARSHIP FROM ONE ACADEMIC YEAR TO THE NEXT. STUDENTS WHO FALL BELOW THIS STANDARD WILL HAVE THEIR SCHOLARSHIP REMOVED WHEN BEING PACKAGED FOR THEIR NEXT ACADEMIC YEAR. SPECIAL CIRCUMSTANCES: STUDENTS WHO HAVE FALLEN BELOW THE 3.0 GPA MINIMUM STANDARD BUT MAY APPEAL TO HAVE THEIR SCHOLARSHIP RENEWED IF THEY HAVE EXTENUATING CIRCUMSTANCES THEY MAY HAVE CONTRIBUTED TO THEIR FAILURE TO MAINTAIN A 3.0 GPA OR THEY HAVE A GPA BETWEEN 2.50-2.99. INTERNATIONAL SCHOLARSHIP AWARD TYPE: MERIT BASED WHO AWARDS: ADMISSIONS DEPARTMENT THE ADMISSIONS DEPARTMENT, SPECIFICALLY THE ADMISSIONS DIRECTORS, REVIEW EACH INTERNATIONAL APPLICANT'S APPLICATION AND AUDITION RESULTS TO DETERMINE IF THE APPLICANT QUALIFIES FOR A SPECIAL PROGRAM, SPONSORED AND FUNDED BY AMDA, CALLED THE "INTERNATIONAL SCHOLARSHIP". THE INTERNATIONAL SCHOLARSHIP IS A TUITION CREDIT GIVEN BY AMDA THAT GENERALLY RANGE IN THE AMOUNTS OF $1,000 TO $10,000 AND IS SUPPLEMENTAL TO ANY AMDA SCHOLARSHIP ALREADY AWARDED. RECIPIENTS OF THIS AWARD ARE DETERMINED BASED ON FURTHER IN-DEPTH REVIEW OF THE APPLICANT'S ADMISSIONS MATERIALS INCLUDING THEIR APPLICATION AND AUDITION, SPECIFICALLY THEIR HIGH SCHOOL TRANSCRIPT/GPA, LETTERS OF RECOMMENDATION, ESSAY AND AUDITION SCORE. APPLICANTS: ONLY OUTSTANDING INTERNATIONAL APPLICANTS ARE CONSIDERED FOR THE INTERNATIONAL SCHOLARSHIP. CURRENTLY ENROLLED STUDENTS: INTERNATIONAL SCHOLARSHIPS ARE RENEWABLE TO CONTINUING INTERNATIONAL STUDENTS FROM ONE ACADEMIC YEAR TO THE NEXT. INTERNATIONAL SCHOLARSHIPS ARE RE-PACKAGED DURING THE FINANCIAL PACKAGING PROCESS FOR EACH NEW ACADEMIC YEAR. INTERNATIONAL SCHOLARSHIPS REQUIRE A MINIMUM GPA OF 3.0 TO MAINTAIN A SCHOLARSHIP FROM ONE ACADEMIC YEAR TO THE NEXT. STUDENTS WHO FALL BELOW THIS STANDARD WILL HAVE THEIR SCHOLARSHIP REMOVED WHEN BEING PACKAGED FOR THEIR NEXT ACADEMIC YEAR. SPECIAL CIRCUMSTANCES: STUDENTS WHO HAVE FALLEN BELOW THE 3.0 GPA MINIMUM STANDARD BUT MAY APPEAL TO HAVE THEIR SCHOLARSHIP RENEWED IF THEY HAVE EXTENUATING CIRCUMSTANCES THAT MAY HAVE CONTRIBUTED TO THEIR FAILURE TO MAINTAIN A 3.0 GPA AND THEY HAVE A GPA BETWEEN 2.50-2.99. VIP SCHOLARSHIP: AWARD TYPE: MERIT BASED WHO AWARDS: ADMISSIONS DEPARTMENT VIP SCHOLARSHIPS ARE $1,000 SCHOLARSHIP AWARDED TO APPLICANTS WHO SUBMIT A "VIP" APPLICATION. THIS $1,000 IS RENEWABLE FROM YEAR TO YEAR, IF THE STUDENT MAINTAINS THE MINIMUM 3.0 GPA REQUIREMENT. APPLICANTS: APPLICANTS ARE AWARDED THE VIP SCHOLARSHIP IF THEY ARE A RECIPIENT OF THE VIP APPLICATION CURRENTLY ENROLLED STUDENTS: CONTINUING STUDENTS MAY CONTINUE TO RECEIVE THE VIP SCHOLARSHIP IF THEY RECEIVED IT DURING THEIR FIRST YEAR AND MAINTAIN THE REQUIRED GPA. CONTINUING STUDENTS WHO DID NOT RECEIVE IT DURING THE FIRST YEAR ARE NOT ELIGIBLE FOR THIS SCHOLARSHIP. STUDENT SUPPORT AWARD: AWARD TYPE: NEED & MERIT BASED WHO AWARDS: SENIOR MANAGEMENT STUDENT SUPPORT AWARDS ARE SCHOLARSHIPS, IN VARYING AMOUNTS, THAT ARE AWARDED TO CONTINUING STUDENTS WHO ARE IN SEVERE FINANCIAL NEED INCLUDING A SUBSTANTIAL UNPAID BALANCE AND HAVE DEMONSTRATED ACADEMIC EXCELLENCE. APPLICANTS: APPLICANTS ARE NOT ELIGIBLE FOR STUDENT SUPPORT AWARDS CURRENTLY ENROLLED STUDENTS: STUDENT SUPPORT AWARDS ARE EVALUATED AFTER EACH ACADEMIC YEAR AND MAY BE RENEWED, BASED ON THE AVAILABILITY OF FUNDING AS DETERMINED BY SENIOR ADMINISTRATION. STUDENT MUST ALSO MEET ALL AWARD REQUIREMENTS TO BE ELIGIBLE FOR POSSIBLE RENEWAL. SCHEDULE I, PART III: HERF: AWARD TYPE: NEED BASED WHO AWARDS: FINANCIAL AID DEPARTMENT APPLICANTS: ARE ELIGIBLE IF THEY SUBMIT A 2024-25 FAFSA AND HAVE BEEN DETERMINED TO BE TITLE IV ELIGIBLE. STUDENTS ELIGIBLE TO SUBMIT A 24-25 FAFSA, WHO HAVE NOT YET DONE SO, MAY STILL SUBMIT A FAFSA UNTIL JUNE 30, 2025, DEEMED TITLE IV ELIGIBLE AND GRANT FUNDING REMAINS. GRANT AMOUNTS: GRANT AWARDS RANGE BETWEEN $250 - $1450 BASED ON STUDENT'S CURRENT ENROLLMENT STATUS AND THEIR ESTIMATED FAMILY CONTRIBUTION (EFC). THE EFC USED TO CALCULATE THEIR GRANT AWARD WAS TAKEN FROM THEIR MOST RECENT FAFSA TRANSACTION. GRANTS FUNDS WERE DISTRIBUTED TO STUDENTS BY EITHER; POSTING THE FUNDS DIRECTLY TO THEIR STUDENT REFUND ACCOUNT OR BY MAILED CHECK. GRANT RECIPIENTS, WHO DID NOT ALREADY HAVE A STUDENT REFUND ACCOUNT SET-UP, WERE ASKED TO EITHER; SET-UP AN ACCOUNT OR REQUEST A CHECK AND PROVIDE AN ADDRESS FOR THE CHECK TO BE MAIL. X X X X X 0 1 0 0 0 0 0 0 0 DAVID D MARTIN PRESIDENT/DIRECTOR - SEE SCH J. 646593 0 0 0 0 0 0 0 26295 0 672888 0 0 0 DAVID SILVERMAN CFO/ COO 449548 0 0 0 50000 0 63149 0 72855 0 635552 0 0 0 JAN R MARTIN CEO/DIRECTOR - SEE SCH. J 574699 0 0 0 0 0 0 0 26295 0 600994 0 0 0 JOHN L GALGANO GENERAL COUNSEL, THRU DEC 2024 283941 0 0 0 175000 0 0 0 45979 0 504920 0 0 0 MIKE KELLER VP ENROLLMENT 268244 0 0 0 0 0 0 0 64763 0 333007 0 0 0 JASON CHAET FACULTY 210083 0 0 0 0 0 0 0 17947 0 228030 0 0 0 MARK RUGGIERO DIRECTOR OF FINANCIAL AID 218628 0 0 0 0 0 0 0 595 0 219223 0 0 0 MICHAEL ANGOTTI PROVOST/COO/CAO 187692 0 0 0 0 0 0 0 580 0 188272 0 0 0 BLAKE BABBITT DIRECTOR OF OUTREACH 169299 0 0 0 0 0 0 0 16024 0 185323 0 0 0 ROB GORRIE SENIOR DIRECTOR OF ENROLLMENT 154971 0 0 0 0 0 0 0 16147 0 171118 0 0 0 PART I, LINE 4B DAVID SILVERMAN PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED PLAN. A CONTRIBUTION OF $63,149 WAS ACCRUED BY AMDA FOR DAVID SILVERMAN. A CALIFORNIA MUNICIPAL FINANCE AUTHORITY 201563466 13048VP85 2023-10-31 29911230 REFUND 2015 BONDS & CAPITAL RENOVATIONS 0 0 0 B DORMITORY AUTHORITY OF THE STATE OF NEW YORK 146000293 65000BR42 2023-10-31 53866195 REFUND 2015 BONDS & CAPITAL RENOVATIONS 0 0 0 A 29911230 1563898 598224 26246759 1502349 2023 1 1 1 1 B 53866195 4113953 1077323 47170567 1504352 2023 1 1 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 1 0 0 0 0 0 0 0 B 0 1 0 0 0 0 0 0 0 A 0 B 0 SCHEDULE K, PART IV, LINE 2B: THE ORGANIZATION HAS MET THE SPENDING EXCEPTION TO THE ARBITRAGE REBATE REQUIREMENT OF IRC SECTION 148(F)(2). FORM 990, PART I, LINE 1: THE AMERICAN MUSICAL AND DRAMATIC ACADEMY PROVIDES TWO TRACKS OF EDUCATIONAL PROGRAMS TO MEET THE NEEDS OF THE PERFORMING ARTIST. AMDA'S FOUR-YEAR BFA PROGRAM OFFERS BACHELOR OF FINE ARTS DEGREES IN FOUR DISTINCT ARTISTIC AND ACADEMIC PROGRAMS: *BACHELOR OF FINE ARTS IN ACTING *BACHELOR OF FINE ARTS IN MUSICAL THEATRE *BACHELOR OF FINE ARTS IN DANCE THEATRE *BACHELOR OF FINE ARTS IN PERFORMING ARTS THE CONSERVATORY PROGRAM IS A TWO-YEAR CERTIFICATE PROGRAM WHICH OFFERS EDUCATIONAL TRAINING FOR THE PERFORMING ARTIST SEEKING A CAREER IN THE PROFESSIONAL WORLD. THE CONSERVATORY PROGRAMS INCLUDE: *THE STUDIO PROGRAM (STUDIES FOCUS ON ACTING FOR THE STAGE AND SCREEN.) *THE INTEGRATED PROGRAM (STUDIES FOCUS ON ACTING, MUSICAL THEATRE, AND DANCE FOR THE PERFORMING ARTIST.) *THE DANCE PROGRAM. (STUDIES FOCUS ON MULTIPLE DANCE DISCIPLINES ALONG WITH PERFORMING ARTS ELECTIVES.) PROGRAM DESCRIPTION: BACHELOR OF FINE ARTS IN ACTING THE BACHELOR OF FINE ARTS IN ACTING IS A FOUR-YEAR, 120 CREDIT PROGRAM OF STUDY, DEVISED TO PROVIDE BOTH COMPREHENSIVE EDUCATION/TRAINING AND A SOLID FOUNDATION OF LIBERAL ARTS/GENERAL EDUCATION COURSE WORK FOR THE PERFORMING ARTIST. THE PERFORMING ARTS COMPONENT CONSISTS OF 90 CREDITS OF COURSE WORK WHICH PROVIDES ARTISTIC TRAINING IN ACTING FOR STAGE, FILM, AND TELEVISION. THIS COMPREHENSIVE REGIMEN IS DESIGNED TO PREPARE STUDENTS FOR A CAREER IN THE PERFORMING ARTS WITH AN EMPHASIS ON ACTING. A SAMPLE OF THE COURSE OFFERINGS FOR THE ARTISTIC STUDIES INCLUDE: VOICE PRODUCTION AND SPEECH-FOUNDATIONS AND TECHNIQUE; ACTING FOUNDATIONS; ACTING FOR THE CAMERA-BEGINNING, INTERMEDIATE AND ADVANCED; ACTING-SCENE STUDY; ENSEMBLE ACTING; EXPLORING CONTEMPORARY THEATRE; ACTING STYLES; STAGE COMBAT-UNARMED; SHAKESPEARE; IMPROVISATIONAL ACTING-FOUNDATIONS, TECHNIQUES, AND ADVANCED TECHNIQUE; DIRECTING-THE ACTOR'S EXPERIENCE; ACTING-ADVANCED SCENE STUDY; DIALECTS-DIRECTED STUDIES; CLASSICAL REPERTOIRE; AUDITION TECHNIQUES; ONE-ACTS; FILM GENRE; ACTING TECHNIQUES; FILM SURVEY FOR THE ACTOR-BEGINNING AND ADVANCED; INDUSTRY WORKSHOP; STAGE COMBAT-SINGLE SWORD; MUSICIANSHIP; TV GENRES; DANCE AND MOVEMENT FOR THE ACTOR; ADVANCED AUDITION FOR THE CAMERA; ADVANCED TECHNIQUES AND SCENE APPLICATIONS; DIRECTING-THE DIRECTOR'S EXPERIENCE; SHORT FILMS; AUDITION PORTFOLIO-ACTING; INDUSTRY AND NETWORKING; INDUSTRY EVENT; PERFORMANCE ELECTIVES/PRACTICUM THROUGHOUT THE FOUR-YEAR PROGRAM DESIGNED FOR THE PROFESSIONAL DEVELOPMENT OF THE ARTIST. A BFA IN ACTING ALSO REQUIRES 30 CREDITS OF CRITICAL STUDIES WHICH BROADEN THE STUDENT'S EDUCATION WITH A DIVERSE CURRICULUM OF ACADEMIC STUDIES. THE CRITICAL STUDIES, OR GENERAL EDUCATION REQUIREMENTS, INCLUDE COURSES SUCH AS ENGLISH, HUMANITIES, SCIENCE/TECHNOLOGY, AND BUSINESS. THESE REQUIRED COURSES, ALONG WITH ADDITIONAL ELECTIVES IN THE CRITICAL STUDIES COMPONENT, INCLUDE A WIDE RANGE OF CULTURAL, ACADEMIC, AND HISTORICAL STUDIES. THESE CLASSES ARE SPECIFICALLY DESIGNED TO FURTHER DEVELOP THE STUDENTS UNDERSTANDING OF THE ARTISTIC AND CREATIVE PROCESS. THE ACADEMIC COURSEWORK FOR THIS COMPONENT OF THE PERFORMER'S TRAINING FURTHER SUPPORTS THE ARTIST'S PROFESSIONAL CAREER PATH WITH A WIDER DIVERSIFICATION OF EDUCATIONAL AND CRITICAL STUDIES. THE INTEGRATION OF THESE UNIQUELY DESIGNED CRITICAL STUDIES COURSES FOR THE PERFORMING ARTIST ALONG WITH THE INTENSIVE ARTISTIC TRAINING IN THE PERFORMING ARTS AND ACTING COMBINE TO PROVIDE A COMPREHENSIVE PERFORMANCE EDUCATION PREPARING THE GRADUATE FOR THE CHALLENGES OF THE PROFESSIONAL WORLD. PROGRAM DESCRIPTION: BACHELOR OF FINE ARTS IN MUSICAL THEATRE THE BACHELOR OF FINE ARTS IN MUSICAL THEATRE IS A FOUR-YEAR, 120 CREDIT PROGRAM OF STUDY, DEVISED TO PROVIDE BOTH COMPREHENSIVE EDUCATION/TRAINING AND A SOLID FOUNDATION OF LIBERAL ARTS/GENERAL EDUCATION COURSE WORK FOR THE PERFORMING ARTIST. THE PERFORMING ARTS COMPONENT CONSISTS OF 90 CREDITS OF COURSE WORK WHICH INTEGRATES THE DISCIPLINES OF ACTING, VOICE, DANCE, AND MUSICAL THEATRE. THIS COMPREHENSIVE REGIMEN IS DESIGNED TO PREPARE STUDENTS FOR A CAREER IN THE PERFORMING ARTS WITH A SPECIAL FOCUS ON MUSICAL THEATRE. A SAMPLE OF THE COURSE OFFERINGS FOR THE ARTISTIC STUDIES INCLUDE: MUSICAL THEATRE TECHNIQUES FOR STAGE AND FILM; VOICE PRODUCTION AND SPEECH; DANCE AND MOVEMENT FOR THE ACTOR; ACTING FOUNDATIONS AND TECHNIQUES; MUSICAL THEATRE STYLES FOR STAGE AND FILM; ENSEMBLE COMBINATIONS; MUSICAL THEATRE SCENE STUDY; DANCE (BEGINNING, INTERMEDIATE, AND ADVANCED)-BALLET, TAP, JAZZ; MUSICIANSHIP; DANCE AND MOVEMENT FOR THE ACTOR; MUSICAL THEATRE AUDITION PREPARATION; ENSEMBLE COMBINATIONS; STAGE COMBAT-UNARMED; PERFORMING AND PRODUCING CABARET; MUSICAL THEATRE-STYLES, SCENES, AND AUDITION PREPARATION; ACTING SCENE STUDY; ROLES AND READINGS; ADVANCED MUSICIANSHIP-SIGHT SINGING; ADVANCED AUDITION FOR THE CAMERA; MUSICAL THEATRE DANCE COMBINATIONS; ACTING FOR THE CAMERA-BEGINNING, INTERMEDIATE, AND ADVANCED; AUDITION PORTFOLIO-MUSICAL THEATRE AND ACTING; INDUSTRY NETWORKING; INDIVIDUAL VOICE TRAINING IN FOUNDATIONS AND TECHNIQUE; PERFORMANCE ELECTIVES/PRACTICUM THROUGHOUT THE FOUR-YEAR PROGRAM DESIGNED FOR THE PROFESSIONAL DEVELOPMENT OF THE ARTIST. A BFA IN MUSICAL THEATRE ALSO REQUIRES 30 CREDITS OF CRITICAL STUDIES WHICH BROADEN THE STUDENT'S EDUCATION WITH A DIVERSE CURRICULUM OF ACADEMIC STUDIES. THE CRITICAL STUDIES, OR GENERAL EDUCATION REQUIREMENTS, INCLUDE COURSES SUCH AS ENGLISH, HUMANITIES, SCIENCE/TECHNOLOGY, AND BUSINESS. THESE REQUIRED COURSES, ALONG WITH ADDITIONAL ELECTIVES IN THE CRITICAL STUDIES COMPONENT, INCLUDE A WIDE RANGE OF CULTURAL, ACADEMIC, AND HISTORICAL STUDIES. THESE CLASSES ARE SPECIFICALLY DESIGNED TO FURTHER DEVELOP THE STUDENTS UNDERSTANDING OF THE ARTISTIC AND CREATIVE PROCESS. THE ACADEMIC COURSEWORK FOR THIS COMPONENT OF THE PERFORMER'S TRAINING FURTHER SUPPORTS THE ARTIST'S PROFESSIONAL CAREER PATH WITH A WIDER DIVERSIFICATION OF EDUCATIONAL AND CRITICAL STUDIES. THE INTEGRATION OF THESE UNIQUELY DESIGNED CRITICAL STUDIES COURSES FOR THE PERFORMING ARTIST ALONG WITH THE INTENSIVE ARTISTIC TRAINING IN THE PERFORMING ARTS AND MUSICAL THEATRE COMBINE TO PROVIDE A COMPREHENSIVE PERFORMANCE EDUCATION PREPARING THE GRADUATE FOR THE CHALLENGES OF THE PROFESSIONAL WORLD. PROGRAM DESCRIPTION: BACHELOR OF FINE ARTS IN DANCE THEATRE THE BACHELOR OF FINE ARTS IN DANCE THEATRE IS A FOUR-YEAR, 120 CREDIT PROGRAM OF STUDY, DEVISED TO PROVIDE BOTH COMPREHENSIVE EDUCATION/TRAINING AND A SOLID FOUNDATION OF LIBERAL ARTS/GENERAL EDUCATION COURSE WORK FOR THE PERFORMING ARTIST. THE PERFORMING ARTS COMPONENT CONSISTS OF 90 CREDITS OF COURSE WORK WHICH INTEGRATES THE DISCIPLINES OF DANCE, ACTING, VOICE, AND MUSICAL THEATRE. THIS COMPREHENSIVE REGIMEN IS DESIGNED TO PREPARE STUDENTS FOR A CAREER IN THE PERFORMING ARTS WITH A SPECIAL FOCUS ON DANCE THEATRE. A SAMPLE OF THE COURSE OFFERINGS FOR THE ARTISTIC STUDIES INCLUDE: ONE-HOUR DAILY WARM-UP; DANCE-BALLET, JAZZ, MODERN, TAP, CONTEMPORARY, HIP-HOP (ALL LEVELS); VOICE PRODUCTION AND SPEECH-FOUNDATIONS AND TECHNIQUES; ACTING FOUNDATIONS; ACTING FOR THE CAMERA; ALEXANDER TECHNIQUE; PROFESSIONAL ETHICS IN DANCE; MUSICIANSHIP; DANCE FOR THE CAMERA-BEGINNING AND ADVANCED; EXPLORATION OF DANCE STYLES; CHOREOGRAPHY-THE DANCER'S EXPERIENCE; IMPROVISATIONAL DANCE; DANCE AUDITION TECHNIQUES-BEGINNING AND ADVANCED; CHOREOGRAPHY-THE CHOREOGRAPHER'S EXPERIENCE; INDUSTRY AND NETWORKING FOR DANCE THEATRE; INDUSTRY WORKSHOP; DANCE COMPANY PROJECT/PERFORMANCE PRACTICUM THROUGHOUT THE FOUR-YEAR PROGRAM DESIGNED FOR THE PROFESSIONAL DEVELOPMENT OF THE ARTIST. A BFA IN DANCE THEATRE ALSO REQUIRES 30 CREDITS OF CRITICAL STUDIES WHICH BROADEN THE STUDENT'S EDUCATION WITH A DIVERSE CURRICULUM OF ACADEMIC STUDIES. THE CRITICAL STUDIES, OR GENERAL EDUCATION REQUIREMENTS, INCLUDE COURSES SUCH AS ENGLISH, HUMANITIES, SCIENCE/TECHNOLOGY, AND BUSINESS. THESE REQUIRED COURSES, ALONG WITH ADDITIONAL ELECTIVES IN THE CRITICAL STUDIES COMPONENT, INCLUDE A WIDE RANGE OF CULTURAL, ACADEMIC, AND HISTORICAL STUDIES. THESE CLASSES ARE SPECIFICALLY DESIGNED TO FURTHER DEVELOP THE STUDENTS UNDERSTANDING OF THE ARTISTIC AND CREATIVE PROCESS. THE ACADEMIC COURSEWORK FOR THIS COMPONENT OF THE PERFORMER'S TRAINING FURTHER SUPPORTS THE ARTIST'S PROFESSIONAL CAREER PATH WITH A WIDER DIVERSIFICATION OF EDUCATIONAL AND CRITICAL STUDIES. THE INTEGRATION OF THESE UNIQUELY DESIGNED CRITICAL STUDIES COURSES FOR THE PERFORMING ARTIST ALONG WITH THE INTENSIVE ARTISTIC TRAINING IN THE PERFORMING ARTS AND DANCE THEATRE COMBINE TO PROVIDE A COMPREHENSIVE PERFORMANCE EDUCATION PREPARING THE GRADUATE FOR THE CHALLENGES OF THE PROFESSIONAL WORLD. FORM 990, PART VI, SECTION A, LINE 2 DAVID MARTIN, PRESIDENT/DIRECTOR AND JAN MARTIN, CEO/DIRECTOR OF THE CORPORATION, HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B AMDA PROCESS FOR REVIEW OF THE ANNUAL FORM 990: 1. EACH YEAR, OUR INDEPENDENT AUDITOR PREPARES A DRAFT OF THE FORM 990, WITH INPUT FROM THE CHIEF FINANCIAL OFFICER. 2. THE DRAFT IS REVIEWED BY THE CFO AND THE EXECUTIVE DIRECTOR/PRESIDENT. 3. THE DRAFT IS REVIEWED BY ALL MEMBERS OF THE BOARD OF DIRECTORS. 4. ANY NECESSARY CHANGES ARE SENT TO THE INDEPENDENT AUDITOR TO UPDATE THE FORM. 5. ONCE ALL NECESSARY CHANGES ARE MADE AND THE CFO AND EXECUTIVE DIRECTOR/PRESIDENT ARE IN AGREEMENT WITH THE BOARD OF DIRECTORS ON THE COMPLETED 990, IT WILL BE SIGNED BY THE CFO, DATED AND SUBMITTED BY THE FILING DEADLINE. 6. ALL MEMBERS OF THE BOARD OF DIRECTORS MUST EMAIL THE CFO TO ACKNOWLEDGE THE REVIEW OF THE 990 AND APPROVE THE FILING. A VERBAL APPROVAL IS ACCEPTABLE IF PRESENTED TO THE CFO OR EXECUTIVE DIRECTOR/PRESIDENT. THE CFO OR EXECUTIVE DIRECTOR/PRESIDENT MUST RECORD THE VERBAL APPROVAL AS A MEMO TO THE FILE. 7. THE CFO PREPARES A MEMORANDUM FOR THE FILE EACH YEAR DESCRIBING THE ABOVE PROCESS, INCLUDING ALL EMAIL APPROVALS AND MEMOS OF ANY VERBAL APPROVALS. THE CFO AND EXECUTIVE DIRECTOR/PRESIDENT MUST ALSO INCLUDE A MEMO TO THE FILE NOTING THEY HAVE APPROVED THE 990 TO BE FILED. FORM 990, PART VI, SECTION B, LINE 12C INDIVIDUALS COVERED BY THE AMDA CONFLICT OF INTEREST POLICY ARE ASKED TO ANNUALLY DISCLOSE TO THE CHAIR OF THE BOARD OF DIRECTORS VIA THE AMDA CONFLICT OF INTEREST POLICY FORM THEIR INTERESTS THAT COULD GIVE RISE TO CONFLICTS OF INTEREST. THIS DISCLOSURE COULD INCLUDE A LIST OF FAMILY MEMBERS, BUSINESS OR INVESTMENT HOLDINGS, AND OTHER TRANSACTIONS OR AFFILIATIONS WITH BUSINESSES AND OTHER ORGANIZATIONS OR THOSE OF FAMILY MEMBERS, IN WHICH AN INDIVIDUAL OR THEIR FAMILY MAY BENEFIT FINANCIALLY. INDIVIDUALS COVERED BY THE AMDA CONFLICT OF INTEREST POLICY ARE THE BOARD OF DIRECTORS, EXECUTIVE DIRECTORS, AND CHIEF FINANCIAL OFFICER. FOR EACH CONFLICT OF INTEREST DISCLOSED TO THE CHAIR OF THE BOARD OF DIRECTORS, THE CHAIRMAN WILL: 1. DECIDE NO ACTION IS NECESSARY. 2. ASSURE FULL DISCLOSURE TO THE REST OF THE BOARD OF DIRECTORS AND OFFICERS AND ALL COVERED UNDER THE POLICY. 3. ASK THE PERSON TO RECUSE FROM PARTICIPATION IN RELATED DISCUSSIONS OR DECISIONS. 4. ASK THE PERSON TO RESIGN FROM HIS OR HER POSITION. 5. REMOVE THE PERSON FROM HIS OR HER POSITION. THE EXECUTIVE DIRECTORS, AND CHIEF FINANCIAL OFFICER WILL MONITOR ONGOING TRANSACTIONS FOR CONFLICTS OF INTEREST AND DISCLOSE THEM TO THE CHAIR OF THE BOARD OF DIRECTORS IN ORDER TO DEAL WITH THE POTENTIAL OR ACTUAL CONFLICTS, WHETHER DISCOVERED BEFORE OR AFTER THE TRANSACTION HAS OCCURRED. FORM 990, PART VI, SECTION B, LINE 15 ANNUALLY, THE BOARD OF DIRECTORS APPROVES ALL COMPENSATION FOR THE EXECUTIVE DIRECTOR, PRESIDENT AND CHIEF FINANCIAL OFFICER. THE COMPENSATION FOR EACH IS REVIEWED AND APPROVED USING COMPARABLE DATA TO SIMILAR POSITIONS AT SIMILAR SIZED ORGANIZATIONS. PERIODICALLY, A COMPENSATION CONSULTANT IS HIRED BY THE BOARD TO PREPARE A COMPENSATION ANALYSIS. AS PART OF THE ANALYSIS, THE CONSULTANT REVIEWS FORM 990'S FROM OTHER SIMILAR TYPES OF ORGANIZATIONS. A COPY OF THE COMPENSATION ANALYSIS IS DISTRIBUTED TO THE ENTIRE BOARD. ALL DECISIONS ARE DOCUMENTED AND HELD BY THE BOARD CHAIR. THIS PROCESS WAS LAST UNDERTAKEN IN 2024. FORM 990, PART VI, SECTION C, LINE 19 AMDA MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST BY CALLING THE ORGANIZATION DIRECTLY OR BY WRITTEN REQUEST. ALL REQUESTS FOR INFORMATION ARE PROVIDED EITHER ELECTRONICALLY OR IN HARDCOPY FORM. FORM 990, PART XI, LINE 9: LOSS ON IMPAIRMENT OF FIXED ASSETS -7,768,082. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS DID NOT CHANGE FROM THE PRIOR YEAR. FORM 990, BOX C: AMDA, INC. ALSO CONDUCTS BUSINESS USING THE FOLLOWING DBAS: (1) THE AMERICAN MUSICAL AND DRAMATIC ACADEMY (2) AMDA COLLEGE OF THE PERFORMING ARTS MANHATTAN STRATFORD ARMS INC (STRATFORD) 211 WEST 61ST STREET 3RD FLOOR NEW YORK NY 10023 133866204 EXEMPT TITLE HOLDING COMPANY NY 501(C)(2) AMERICAN MUSICAL & DRAMATIC ACADEMY (AMDA) 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 MANHATTAN STRATFORD ARMS INC R 1950000 COST MANHATTAN STRATFORD ARMS INC S 7019832 COST