American Academy Of Dramatic Arts
- Assets
- $82.5m
- Revenue
- $26.0m
- Investments
- $0.0
- Employees
- 310
- Location
- New York, NY
- Founding
- 05/1954
- Data as of
- 08/2022
- EIN
- 13-0429660
Organization Overview
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.
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Board, Officers & Key Employees
| 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 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ashland Maintenance Cleaning And Maintenance For 120 And 118 | 8/30/22 | $115,509 |
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 |
Financial Statements
| 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 |
Grants Recieved
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 |
Endowment Analysis
| Beg. Balance | $1,141,829 |
| Ending Balance | $1,141,829 |
Peer Organizations
| 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 |