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 08/2023, American Academy Of Dramatic Arts employed 434 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 08/2023, American Academy Of Dramatic Arts generated $24.3m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $23.4m during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (0.2%) per year over the past 8 years. 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
2023
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 2022-2023 YEAR, THERE WERE APPROXIMATELY 472 FULL-TIME STUDENTS AT OUR TWO CAMPUSES IN NEW YORK AND CALIFORNIA. THE ACADEMY ALSO TRAINED 268 PART-TIME STUDENTS IN ITS SUMMER PROGRAMS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Susan Zech President | OfficerTrustee | 40 | $340,577 |
Robert E Wankel Chairman | OfficerTrustee | 2 | $0 |
Felix Grossman Vice-Chairman | OfficerTrustee | 2 | $0 |
Jolyon Stern Vice-Chairman | OfficerTrustee | 2 | $0 |
E Robert Goodkind Secretary | OfficerTrustee | 2 | $0 |
David Sherman Treasurer | OfficerTrustee | 2 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Anthem Computer Software Programming Ny And La | 8/30/23 | $347,827 |
Allied Universal Security Services Security Services For 1336 N Labrea And | 8/30/23 | $302,173 |
Ashland Maintenance Cleaning And Maintenance For 120 And 118 | 8/30/23 | $109,445 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $58,757 |
All other contributions, gifts, grants, and similar amounts not included above | $174,525 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $233,282 |
Total Program Service Revenue | $23,158,048 |
Investment income | $297,566 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $390,490 |
Net Gain/Loss on Asset Sales | $243,102 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $24,322,488 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $5,209,525 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $724,134 |
Compensation of current officers, directors, key employees. | $724,134 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $8,005,614 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $577,959 |
Payroll taxes | $748,404 |
Fees for services: Management | $0 |
Fees for services: Legal | $131,592 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $84,774 |
Fees for services: Other | $61,546 |
Advertising and promotion | $334,353 |
Office expenses | $0 |
Information technology | $367,826 |
Royalties | $6,510 |
Occupancy | $1,417,973 |
Travel | $107,481 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $33,855 |
Interest | $1,853,556 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $1,528,325 |
Insurance | $772,931 |
All other expenses | $660,930 |
Total functional expenses | $23,377,060 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $4,694,938 |
Savings and temporary cash investments | $1,037,178 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $5,459,782 |
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 | $1,033,805 |
Net Land, buildings, and equipment | $61,292,898 |
Investments—publicly traded securities | $10,782,671 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $144,200 |
Total assets | $84,445,472 |
Accounts payable and accrued expenses | $1,358,148 |
Grants payable | $0 |
Deferred revenue | $10,247,261 |
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 | $44,457,379 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $524,027 |
Total liabilities | $56,586,815 |
Net assets without donor restrictions | $26,716,828 |
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 | $84,445,472 |