American Academy Of Dramatic Arts is located in New York, NY. The organization was established in 1954. According to its NTEE Classification (B40) the organization is classified as: Higher Education, under the broad grouping of Education and related organizations. As of 08/2022, American Academy Of Dramatic Arts employed 310 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Academy Of Dramatic Arts is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 08/2022, American Academy Of Dramatic Arts generated $26.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $22.9m during the year ending 08/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE INTENSIVE CONSERVATORY TRAINING IN PERFORMING ARTS TO QUALIFIED STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE AMERICAN ACADEMY OF DRAMATIC ARTS IS A SCHOOL FOR PROFESSIONAL DRAMATIC TRAINING. DURING THE 2021-2022 YEAR, THERE WERE APPROXIMATELY 448 FULL-TIME STUDENTS AT OUR TWO CAMPUSES IN NEW YORK AND CALIFORNIA. THE ACADEMY ALSO TRAINED 215 PART-TIME STUDENTS IN ITS SUMMER PROGRAMS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Susan Zech President | OfficerTrustee | 40 | $315,000 |
David Sullivan VP Of Academics | Officer | 40 | $175,475 |
Joel Bloch Chief Financial Officer | Officer | 40 | $171,866 |
Betty Karlen Faculty Administration | 40 | $122,203 | |
Linda Brennan Faculty Administration | 40 | $121,996 | |
Daniel Deshurley Sr. Director Of Operations | 40 | $119,984 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Anthem Computer Software Programming Ny And La | 8/30/22 | $448,639 |
Allied Universal Security Services Security Services For 1336 N Labrea And | 8/30/22 | $212,194 |
Ashland Maintenance Cleaning And Maintenance For 120 And 118 | 8/30/22 | $115,509 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $3,496,527 |
All other contributions, gifts, grants, and similar amounts not included above | $179,181 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $3,675,708 |
Total Program Service Revenue | $21,670,437 |
Investment income | $244,141 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $378,171 |
Net Gain/Loss on Asset Sales | -$1,351 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $25,967,106 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $4,679,993 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $677,305 |
Compensation of current officers, directors, key employees. | $677,305 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $7,870,839 |
Pension plan accruals and contributions | $5,010 |
Other employee benefits | $509,393 |
Payroll taxes | $625,439 |
Fees for services: Management | $0 |
Fees for services: Legal | $90,964 |
Fees for services: Accounting | $91,997 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $88,773 |
Fees for services: Other | $90,051 |
Advertising and promotion | $450,432 |
Office expenses | $0 |
Information technology | $414,542 |
Royalties | $7,919 |
Occupancy | $1,387,159 |
Travel | $60,269 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $36,542 |
Interest | $1,887,282 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $1,607,226 |
Insurance | $1,102,137 |
All other expenses | $473,099 |
Total functional expenses | $22,943,519 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $3,587,551 |
Savings and temporary cash investments | $1,404,779 |
Pledges and grants receivable | $12,953 |
Accounts receivable, net | $2,374,696 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $2,331,298 |
Net Land, buildings, and equipment | $62,733,744 |
Investments—publicly traded securities | $10,044,273 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $82,489,294 |
Accounts payable and accrued expenses | $1,752,495 |
Grants payable | $0 |
Deferred revenue | $7,860,061 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $45,809,201 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $422,739 |
Total liabilities | $55,844,496 |
Net assets without donor restrictions | $25,502,969 |
Net assets with donor restrictions | $1,141,829 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $82,489,294 |
Over the last fiscal year, we have identified 3 grants that American Academy Of Dramatic Arts has recieved totaling $130,000.
Awarding Organization | Amount |
---|---|
Shubert Foundation Inc New York, NY PURPOSE: FOR SHUBERT SCHOLARS | $80,000 |
Grossman Fam Charitable Foundation Irrv Tr 051997 Encino, CA PURPOSE: UNRESTRICTED | $35,000 |
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $15,000 |
Beg. Balance | $1,141,829 |
Ending Balance | $1,141,829 |
Organization Name | Assets | Revenue |
---|---|---|
William J Brennan Jr Center For Justice Inc New York, NY | $161,401,732 | $45,056,482 |
American Academy Of Dramatic Arts New York, NY | $82,489,294 | $25,967,106 |
Pennsylvania Academy Of The Fine Arts Philadelphia, PA | $133,610,587 | $20,470,730 |
Benjamin Franklin Institute Of Technology Boston, MA | $15,070,208 | $17,077,730 |
Montserrat College Of Art Inc Beverly, MA | $16,506,023 | $17,973,351 |
Merrick Academy Queens Public Charter School Springfield Gardens, NY | $3,505,135 | $11,792,569 |
Omega Institute For Holistic Studies Inc Rhinebeck, NY | $27,528,865 | $10,367,756 |
Yeshivat Aish Hatorah Clifton, NJ | $25,730,558 | $11,593,750 |
Pennsylvania College Of Art And Design Lancaster, PA | $15,635,445 | $9,536,252 |
International Institute For Restorative Practices Bethlehem, PA | $9,904,972 | $8,760,911 |
Urban College Of Boston A Two Year College Inc Boston, MA | $2,648,182 | $7,626,014 |
University At Buffalo Otolaryngology Inc Buffalo, NY | $799,618 | $5,038,737 |