AMDA INC (AMERICAN MUSICAL AND DRAMATIC ACADEMY)

EIN: 132501829 501(c)(3)

NEW YORK, NY

Total Revenue
$110,114,105
Total Expenses
$110,110,082
Total Assets
$195,480,599
Net Assets
$38,875,399
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Financial Trends

Organization Details

Formation Year
1964
Legal Domicile
NY
Principal Officer
JAN R MARTIN
Phone
2127875300
Tax Period
2022-07-01 to 2023-06-30

AMDA INC (AMERICAN MUSICAL AND DRAMATIC ACADEMY), founded in 1964, is a major nonprofit that reported $110.1M in total revenue in fiscal year 2022.

Mission

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.

Program Service Accomplishments

Program 1
Expenses: $80,153,021 Revenue: $76,959,727

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...

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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.

Program 2
Expenses: $12,922,344 Revenue: $18,000,579

AUXILLIARY SERVICES: PROVIDES SERVICES TO SUPPORT THE INSTRUCTION OF THE EDUCATIONAL INSTITUTION INCLUDING STUDENT HOUSING, FOOD SERVICES, BOOKSTORE, AND RELATED SERVICES.

Program 3
Revenue: $4,767,115

HOUSING: TO LESSEN THE BURDENS OF THE GOVERNMENT, AMDA PROVIDED RELIEF AND SUPPORT TO THE POOR AND DISTRESSED OR UNDERPRIVILEGED.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $1,150
Program Service Revenue $99,744,303
Investment Income $9,781,565
Other Revenue $587,087
TOTAL REVENUE $110,114,105

Expense Breakdown

Grants Paid $21,615,637
Salaries & Benefits $46,529,470
Fundraising Expenses $0
Program Expenses $93,075,365
Other Expenses $41,964,975
TOTAL EXPENSES $110,110,082

Year-over-Year Comparison

2022 2021 Change
Revenue $110,114,105 $109,776,450 +0.0%
Expenses $110,110,082 $112,230,263 0.0%
Net Income $4,023 $-2,453,813 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
8
Independent Members
6
Employees
1617
Volunteers
6

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$1,571,259
Total Directors
11
$1,073,331
Key Employees
1
$293,999
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID D MARTIN PRESIDENT/DIRECTOR - SEE SCH. J 50.00
Officer Director
$544,151 $22,602 $566,753
JAN R MARTIN CEO/DIRECTOR - SEE SCH. J 50.00
Officer Director
$483,976 $22,602 $506,578
NANCY SULLIVAN CHAIRPERSON/DIRECTOR 5.00
Officer Director
$0 $0 $0
ELISA LEFKOWITZ SECRETARY/DIRECTOR 3.00
Officer Director
$0 $0 $0
SHARON KELLY TREASURER, THRU DEC 2022 3.00
Officer Director
$0 $0 $0
MATT MCALPINE DIRECTOR 1.00
Director
$0 $0 $0
JON FREEDMAN DIRECTOR 1.00
Director
$0 $0 $0
MOLLY CHESTNUT DIRECTOR, THRU JUNE 2023 1.00
Director
$0 $0 $0
JUAN JONES DIRECTOR 1.00
Director
$0 $0 $0
SALLY KOENIG DIRECTOR 1.00
Director
$0 $0 $0
SCOTT VERCH DIRECTOR, THRU JUNE 2023 1.00
Director
$0 $0 $0
DAVID SILVERMAN CHIEF FINANCIAL OFFICER 50.00
Officer
$377,377 $120,551 $497,928
JOHN L GALGANO GENERAL COUNSEL 50.00
Key Emp
$253,115 $40,884 $293,999
MARK RUGGIERO DIRECTOR OF FINANCIAL AID 40.00
Highest
$207,267 $540 $207,807
JASON CHAET FACULTY 40.00
Highest
$199,791 $19,872 $219,663
DANIEL TORRESS DIRECTOR OF FACILITIES 30.00
Highest
$167,560 $540 $168,100
MIKE KELLER FACULTY 40.00
Highest
$233,590 $33,454 $267,044
DENNIS ABENANTY MANAGING DIRECTOR 40.00
Highest
$163,267 $36,296 $199,563
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 No data No data No data No data
2023 $110,114,105 $110,110,082 $195,480,599 $4,023
2022 $109,776,450 $112,230,263 $146,704,470 $-2,453,813
2021 $91,373,218 $90,301,904 $154,874,684 $1,071,314
2020 $103,189,996 $98,166,065 $145,863,017 $5,023,931
2019 $96,568,224 $93,743,409 $153,154,576 $2,824,815
2018 $81,032,754 $80,427,813 $129,678,825 $604,941
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