American Musical & Dramatic Academy
- Assets
- $154.9m
- Revenue
- $91.4m
- Investments
- $0.0
- Employees
- 1,550
- Location
- New York, NY
- Founding
- 05/1964
- Data as of
- 06/2021
- EIN
- 13-2501829
Organization Overview
American Musical & Dramatic Academy, operating under the name See Schedule O, is located in New York, NY. The organization was established in 1964. According to its NTEE Classification (A6E) the organization is classified as: Performing Arts Schools, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, See Schedule O employed 1,550 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. See Schedule O 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 06/2021, See Schedule O generated $91.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $90.3m during the year ending 06/2021. While expenses have increased by 3.9% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
AUXILLIARY SERVICES: PROVIDES SERVICES TO SUPPORT THE INSTRUCTION OF THE EDUCATIONAL INSTITUTION INCLUDING STUDENT HOUSING, FOOD SERVICES, BOOKSTORE, AND RELATED SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David D Martin President/director - See Sch. J | OfficerTrustee | 50 | $565,239 |
Jan R Martin Ceo/director - See Sch. J | OfficerTrustee | 50 | $503,210 |
David Silverman Chief Financial Officer | Officer | 50 | $391,378 |
John L Galgano General Counsel | Officer | 50 | $243,012 |
Jason Chaet Faculty | 40 | $225,753 | |
Mark Ruggiero Director Of Financial Aid | 40 | $215,534 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Eab - Royall & Company Marketing Consulting | 6/29/21 | $1,240,965 |
United Guard Security Inc Security | 6/29/21 | $1,068,881 |
Manatt Phelps & Phillips Llp Legal Services | 6/29/21 | $622,617 |
Tainted Treats Dba Cooking With Corey Food Services | 6/29/21 | $567,515 |
Unique Image Inc Marketing Consulting | 6/29/21 | $547,482 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $15,944,506 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,944,506 |
| Total Program Service Revenue | $74,917,174 |
| Investment income | $121,983 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$68,619 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$14,807 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $91,373,218 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $18,857,237 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,829,979 |
| Compensation of current officers, directors, key employees. | $505,536 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $32,455,331 |
| Pension plan accruals and contributions | $76,313 |
| Other employee benefits | $2,883,141 |
| Payroll taxes | $2,882,812 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $325,313 |
| Fees for services: Accounting | $260,273 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $294,585 |
| Advertising and promotion | $3,184,962 |
| Office expenses | $4,906,719 |
| Information technology | $558,242 |
| Royalties | $0 |
| Occupancy | $3,567,223 |
| Travel | $61,007 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,581,157 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,891,233 |
| Insurance | $997,294 |
| All other expenses | $955,881 |
| Total functional expenses | $90,301,904 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,512,235 |
| Savings and temporary cash investments | $31,015,554 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,312,521 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $246,034 |
| Prepaid expenses and deferred charges | $1,672,629 |
| Net Land, buildings, and equipment | $109,772,815 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $259,640 |
| Intangible assets | $0 |
| Other assets | $2,083,256 |
| Total assets | $154,874,684 |
| Accounts payable and accrued expenses | $3,748,505 |
| Grants payable | $0 |
| Deferred revenue | $19,911,798 |
| Tax-exempt bond liabilities | $78,064,063 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $12,483,700 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,137,565 |
| Total liabilities | $118,345,631 |
| Net assets without donor restrictions | $36,529,053 |
| Net assets with donor restrictions | $0 |
| 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 | $154,874,684 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that American Musical & Dramatic Academy has recieved totaling $68,110.
| Awarding Organization | Amount |
|---|---|
Hispanic Scholarship Fund Gardena, CA PURPOSE: TO PROVIDE SCHOLARSHIPS FOR STUDENTS | $44,895 |
Daniels Fund Denver, CO PURPOSE: SCHOLARSHIP | $20,940 |
Marion C Smyth Trust Estate Uw Manchester, NH PURPOSE: SCHOLARSHIP | $2,000 |
Howard A & Lillian H Walsh Trust 137-0003332400 Dallas, TX PURPOSE: SCHOLARSHIP | $250 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $25 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Musical & Dramatic Academy New York, NY | $154,874,684 | $91,373,218 |
Curtis Institute Of Music Philadelphia, PA | $375,391,914 | $65,896,582 |
Universal Ballet Foundation Tarrytown, NY | $0 | $12,642,868 |
School Of American Ballet Inc New York, NY | $111,037,435 | $21,205,372 |
Settlement Music School Of Philadelphia Philadelphia, PA | $34,802,698 | $14,057,233 |
Society Of The Third Street Music School Settlement Inc New York, NY | $23,512,540 | $9,331,737 |
Professional Childrens School Inc New York, NY | $20,795,903 | $7,913,959 |
Elaine Kaufman Cultural Center-Lucy Moses School For Music And Dance New York, NY | $27,086,297 | $8,434,600 |
Usdan Center For The Creative And Performing Arts Wheatley Heights, NY | $9,094,063 | $7,842,834 |
The Brooklyn Queens Conservatory Of Music Brooklyn, NY | $5,364,852 | $5,242,264 |
South Shore Conservatory Of Music Inc Hingham, MA | $8,426,542 | $4,813,797 |
Academy Of Vocal Arts Philadelphia, PA | $44,375,102 | $5,042,502 |