2024-11-04T11:47:33-06:00 2023-12-31 521073331 DEMBO JONES PC 6116 EXECUTIVE BLVD SUITE 500 NORTH BETHESDA MD 20852 990 2023-01-01 522158599 AMERICAN DANCE INSTITUTE AMER 2125873003 142 W 57TH STREET 11TH FLOOR NEW YORK NY 10019 KIMBALL STROUD PRESIDENT 2125873003 2024-10-31 1 1 BRENT A CROGHAN CPA P00846741 3017705100 2023 2024-10-15 13:58:12Z LUMBERYARD ADRIENNE WILLIS 1740 BROADWAY 15TH FLOOR NEW YORK NY 10019 305581 0 X HTTPS://WWW.LUMBERYARD.ORG/ X 1999 MD DANCE INSTRUCTION, ARTIST RESIDENCY SUPPORT, AND PUBLIC PERFORMANCES. 6 5 20 5 0 0 123542 101048 0 0 61173 40283 -4444 90219 180271 231550 20000 20000 0 0 778430 686872 0 0 49089 1045816 971986 1844246 1678858 -1663975 -1447308 16757282 11441288 8912846 5060236 7844436 6381052 ADVANCING ARTISTIC EXCELLENCE THROUGH DANCE EDUCATION, PERFORMANCE, AND A STRONG COMMITMENT TO THE DEVELOPMENT OF NEW WORKS. 0 0 1094661 20000 PROMOTED PERFORMING AND FINE ARTS, GAVE PERFORMANCES FOR THE COMMUNITY AT LARGE AND PROVIDED DANCE INSTRUCTION TO CHILDREN AND ADULTS. 1094661 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 8 0 1 20 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 5 1 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 NY X THE ORGANIZATION 2125873003 142 W 57TH STREET 11TH FLOOR NEW YORK NY 10019 KIMBALL STROUD PRESIDENT / DIRECTOR 5.00 X X 0 0 0 DRCHRISTINE WHEELER TREASURER / DIRECTOR 5.00 X X 0 0 0 JESSICA MAILLOUX SECRETARY/ DIRECTOR 5.00 X X 0 0 0 CHRISTOPHER BOLAN DIRECTOR 5.00 X 0 0 0 ADRIENNE WILLIS EXECUTIVE DIRECTOR 40.00 X X 200000 0 30390 LOUISE KENNEDY DIRECTOR 5.00 X 0 0 0 JASON FORRESTER DIRECTOR OF BUSINESS DEVEL 40.00 X 112000 0 0 RUTH MOE PERFORMANCE SERIES DIRECTO 40.00 X 106456 0 9882 418456 0 40272 3 0 1 0 0 101048 101048 33900 33900 164250 74031 90219 90219 12500 77719 6383 0 6383 6383 6383 231550 12500 0 118002 20000 20000 230390 142842 71421 16127 365837 226819 113409 25609 50048 31030 15515 3503 40597 25170 12585 2842 4696 2348 2348 2505 2505 162775 162775 3214 3214 5366 2817 2549 119787 95830 23957 283738 226990 56748 227629 182103 45526 63545 50836 12709 ARTISTIC PROGRAMS 58848 58848 BUILDING MAINTENANCE EQ 21255 17004 4251 ORGANIZATIONAL EXPENSE 17620 8810 8810 DEVELOPMENT 1008 1008 1678858 1094661 535108 49089 3656427 2342523 413 2960000 9173 26695 9430420 1435504 8256168 7994916 1862208 1064261 12893 12893 16757282 11441288 86937 98524 8326498 4461812 499411 499900 8912846 5060236 X 7786936 6373052 57500 8000 7844436 6381052 16757282 11441288 X -1447308 33424 -49500 X 0 1 X 0 0 X 185635 263830 465213 123542 101048 1139268 185635 263830 465213 123542 101048 1139268 98664 1040604 328218 119026 174003 61173 33900 716320 1855588 0.56080 0.70230 X SCHEDULE A, PART VI, LIST OF UNUSUAL GRANTS: DESCRIPTION: AMOUNT: 0. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 2883361 38796 2882482 2306 37369 3630806 570000 -484965 812864 19616 2883361 3487107 237262 54541 39022 3630806 6629981 225021 163575 3484248 47222 3487107 12149895 1822201 7218496 123619 6629981 1.00000 0 0 231371 231371 8782241 1211450 7570791 20700 19390 1310 41273 21329 19944 354835 183335 171500 7994916 BONDS & FIXED INCOME SECURITIES 55612 F CERTIFICATES OF DEPOSIT 1008649 C 1064261 EIDL LOAN 499900 499900 X 858063 33424 571063 24531 629018 229045 2505 2505 231550 2321447 571063 74031 645094 1676353 2505 2505 1678858 PART X, LINE 2: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE ADI TO EVALUATE TAX POSITIONS TAKEN AND RECOGNIZE A TAX LIABILITY IF IT IS MORE LIKELY THAN NOT THAT UNCERTAIN TAX POSITIONS TAKEN WOULD NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. ADI HAS ANALYZED TAX POSITIONS TAKEN AND HAS CONCLUDED THAT, AS OF DECEMBER 31, 2023 AND 2022, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. ADI'S POLICY IS TO CHARGE PENALTIES AND INTEREST TO INCOME TAX EXPENSE AS INCURRED. ADI IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. ADI'S FEDERAL INCOME TAX RETURNS ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE, GENERALLY FOR A PERIOD OF THREE YEARS AFTER THE RETURNS ARE FILED. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENT EXPENSE ALLOCATION 74,031. REPAYMENT OF RESTRICTED CAPITAL IMPROVEMENT GRANT -49,500. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENT EXPENSE ALLOCATION 74,031. 1 FUTURE ARTISTS SCHOLARSHIPS TO STUDENTS 1 20000 PART I, LINE 2: AMERICAN DANCE INSTITUTE GRANTS SCHOLARSHIPS TO STUDENTS AT THE AMERICAN BALLET THEATRE IN THE U.S. X X X X X 0 0 0 0 0 0 0 0 0 ADRIENNE WILLIS EXECUTIVE DIRECTOR 200000 0 0 0 0 0 0 0 30390 0 230390 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 ADRIENNE WILLIS AND JASON FORRESTER ARE MARRIED. FORM 990, PART VI, SECTION A, LINE 8B THIS QUESTION IS NOT APPLICABLE BECAUSE THE ORGANIZATION DOES NOT CURRENTLY HAVE ANY COMMITTEES IN PLACE WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY CPA FIRM AND REVIWED BY CONTRACT ACCOUNTANT AND MANAGEMENT. IT IS FORWARDED BY MANAGEMENT TO THE BOARD FOR REVIEW. AT THE END OF REVIEW, BOARD CHAIR SIGNS THE 990 FOR SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C ALL DIRECTORS, OFFICERS AND KEY EMPLOYEES ARE REQUIRED TO INFORM THE BOARD OF DIRECTORS OF ALL CONFLICTS OF INTEREST IN WRITING IMMEDIATELY, AND THE BOARD WILL DETERMINE THE PROPER COURSE OF ACTION. FORM 990, PART VI, SECTION B, LINE 15 THE SALARIES AND BENEFITS RECEIVED BY THE EXECUTIVE DIRECTOR ARE APPROVED BY THE BOARD AS PART OF THE ANNUAL BUDGET APPROVAL PROCESS. RESEARCH ON SALARY LEVELS FOR PEER ORGANIZATIONS IS PREPARED BY COMMITTEE AND REVIEWED BY THE BOARD. ONLY INDEPENDENT BOARD MEMBERS CONSIDER, DETERMINE AND VOTE ON COMPENSATION FOR THE EXECUTIVE DIRECTOR. THE ORGANIZATION ENGAGES AN EXTERNAL COMPENSATION CONSULTANT TO ASSIST THE BOARD IN DETERMINING EXECUTIVE COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: REPAYMENT OF RESTRICTED CAPITAL IMPROVEMENT GRANT -49,500.