2025-03-27T12:08:52-05:00 2024-05-31 410746749 CLIFTONLARSONALLEN LLP TWO INTERNATIONAL PLACE 22ND FLOOR BOSTON MA 02110 990 2023-06-01 231585611 CURTIS INSTITUTE OF MUSIC CURT 2158935252 1726 LOCUST STREET PHILADELPHIA PA 19103 ROBERTO DIAZ PRESIDENT 2158935252 2025-03-24 1 1 LAURA J KENNEY P00202198 6177170831 2025-03-24 2023 2025-03-06 01:10:19Z ROBERTO DIAZ 1726 LOCUST STREET PHILADELPHIA PA 19103 44581529 0 X WWW.CURTIS.EDU X 1924 PA TO EDUCATE & TRAIN EXCEPTIONALLY GIFTED YOUNG MUSICIANS TO ENGAGE A LOCAL & GLOBAL COMMUNITY 33 29 354 250 -14050 0 36295162 12161567 3610164 3971247 3473994 8688638 134473 107746 43513793 24929198 1605297 1729649 0 0 13609472 15380314 93171 134676 1903610 15566819 16293066 30874759 33537705 12639034 -8608507 369843342 385338043 3557503 4620861 366285839 380717182 X THE CURTIS INSTITUTE OF MUSIC, LOCATED IN PHILADELPHIA, PENNSYLVANIA, WAS FOUNDED IN 1924 TO EDUCATE AND TRAIN EXCEPTIONALLY GIFTED YOUNG MUSICIANS TO ENGAGE A GLOBAL COMMUNITY THROUGH MUSIC. (CONTINUED ON SCHEDULE O.)THE INSTITUTE IS A TUITION-FREE MUSIC CONSERVATORY THAT IS SUPPORTED PRIMARILY BY ENDOWMENT AND ANNUAL GIVING. 0 0 16662536 1654649 2389875 THE CURTIS INSTITUTE OF MUSIC IS A TUITION-FREE SCHOOL OF MUSIC THAT STRIVES TO EDUCATE AND TRAIN EXCEPTIONALLY GIFTED MUSICIANS TO ENGAGE A GLOBAL COMMUNITY THROUGH MUSIC. STUDENTS RECEIVE PERSONALIZED ATTENTION FROM THE INSTITUTE'S CELEBRATED FACULTY, WITH A STUDENT BODY OF 160 AND 125 FACULTY MEMBERS. CURTIS ALSO OWNS AND OPERATES A DORMITORY BUILDING WITH FULL DINING SERVICES FOR ITS ON-CAMPUS STUDENTS. 6291578 75000 1581372 CURTIS PRESENTS OVER 175 PUBLIC PERFORMANCES EACH YEAR FEATURING STUDENTS, ALUMNI, AND FACULTY, GIVING THEM OPPORTUNITIES TO HONE THEIR CRAFT AND SHAPE THEIR ARTISTIC POINT-OF VIEW ON STAGE IN FRONT OF LIVE AUDIENCES. 22954114 1 1 0 1 0 0 0 1 0 0 1 1 0 0 1 1 1 0 1 0 1 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 1 408 0 1 354 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 33 29 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 AK CO KY ME MD MA MI NH OH OK OR PA WA X MITCHELL BILKER 2157173118 1726 LOCUST STREET PHILADELPHIA PA 19103 ROBERTO DIAZ PRESIDENT/TRUSTEE 37.50 0.00 X X 721388 0 264647 NICHOLAS A DIBERARDINO TRUSTEE/DEAN 37.50 0.00 X 149487 0 22839 AMY YANG TRUSTEE/FACULTY MEMBER/ASSOC. DEAN 30.00 0.00 X 108934 0 5762 MICHELLE CANN TRUSTEE/FACULTY MEMBER 12.00 0.00 X 29639 0 8286 DEBORAH M FRETZ CHAIR/TRUSTEE 1.00 0.00 X X 0 0 0 EDWARD A MONTGOMERY JR VICE CHAIR/TRUSTEE 1.00 0.00 X X 0 0 0 LOUIS BARBARIN TRUSTEE 1.00 0.00 X 0 0 0 VICTORIA BOK TRUSTEE 1.00 1.00 X 0 0 0 WILLIAM BRODY TRUSTEE 1.00 0.00 X 0 0 0 ANTHONY B CREAMER III TRUSTEE 1.00 0.00 X 0 0 0 GORDON FOWLER TRUSTEE 1.00 0.00 X 0 0 0 JUDITH FREYER TRUSTEE 1.00 0.00 X 0 0 0 MIGNON GROCH TRUSTEE 1.00 0.00 X 0 0 0 WILLIAM HORN TRUSTEE 1.00 0.00 X 0 0 0 MARSHA HUNTER TRUSTEE 1.00 0.00 X 0 0 0 ANDREW JACOBS TRUSTEE 1.00 0.00 X 0 0 0 BRIAN JANDRUCKO TRUSTEE 1.00 0.00 X 0 0 0 LINDA E JOHNSON TRUSTEE 1.00 0.00 X 0 0 0 LISA LIEM TRUSTEE 1.00 0.00 X 0 0 0 YUEN SUNG LIU TRUSTEE 1.00 0.00 X 0 0 0 CONNIE B MCCANN TRUSTEE 1.00 0.00 X 0 0 0 JOHN H MCFADDEN TRUSTEE 1.00 0.00 X 0 0 0 FRANK J MECHURA TRUSTEE 1.00 0.00 X 0 0 0 JOHN J MEDVECKIS TRUSTEE 1.00 0.00 X 0 0 0 ROBERT H MUNDHEIM TRUSTEE 1.00 0.00 X 0 0 0 C RICHARD NEU TRUSTEE 1.00 0.00 X 0 0 0 ROBERT H ROCK TRUSTEE 1.00 1.00 X 0 0 0 MARK E RUBENSTEIN TRUSTEE 1.00 0.00 X 0 0 0 JAY TOLSON TRUSTEE 1.00 0.00 X 0 0 0 PENELOPE P WATKINS TRUSTEE 1.00 0.00 X 0 0 0 JERRY WIND TRUSTEE 1.00 0.00 X 0 0 0 CHIONA XANTHOPOULOU-SCHWARZ TRUSTEE 1.00 0.00 X 0 0 0 NADIA ZERHOUNI TRUSTEE 1.00 0.00 X 0 0 0 LAWRENCE BOMBACK TREASURER 37.50 0.00 X 314357 0 33688 MARY CLAIRE SULLIVAN SECRETARY 37.50 0.00 X 104553 0 16250 VINCENT FORD SR VP DIGITAL STRATEGY & INNOVATION 37.50 0.00 X 252391 0 28119 EDWARD GAZOULEAS PROVOST AND ARTISTIC DIRECTOR 37.50 0.00 X 228379 0 16260 KIMBERLY GOULD VICE PRESIDENT, PEOPLE & CULTURE 37.50 0.00 X 198229 0 17697 PAMELA FRANK FACULTY MEMBER 37.50 0.00 X 161809 0 44825 PAUL BRYAN DIR ASSESSMENT & ACCRED./FACULTY MBR 37.50 0.00 X 174842 0 31474 IDA KAVAFIAN FACULTY MEMBER 37.50 0.00 X 158924 0 36680 MARCELLA GENEROSE MANAGING DIRECTOR OF DEVELOPMENT 37.50 0.00 X 155000 0 19742 MICHAEL ANDREW LANE VP TOURING AND ARTIST MANAGEMENT 37.50 0.00 X 143043 0 20137 2900975 0 566406 29 0 1 0 DOBSON PIPE ORGAN BUILDERS LTD 418 W WASHINGTON LAKE CITY IA 51449 ORGAN RENOVATION SERVICES 1332900 BON APPETIT MANAGEMENT COMPANY PO BOX 417632 BOSTON MA 022417632 DINING SERVICES 1229195 ENLIGHTEN DIGITAL LLC 7512 DR PHILLIPS BLVD 50-352 ORLANDO FL 32819 CONSTRUCTION SERVICES 808073 BARBIZON LIGHTING COMPANY 6437-G GENERAL GREEN WAY ALEXANDRIA VA 22312 CONSTRUCTION SERVICES 470595 TOP OF THE CLOCK INC 3801 CONSHOHOCKEN AVENUE SUITE 123 PHILADELPHIA PA 19131 SECURITY SERVICES 469253 26 X 689574 4254788 108000 7109205 736766 12161567 CONCERT AND TOURING INCOME 711130 1581372 1581372 DORMITORY AND DINING REVENUE 721310 1476906 1476906 STUDENT FEES 611310 858749 858749 RECORDING INCOME 711130 38582 38582 SUMMER AND ONLINE PROGRAMS 611310 1220 1220 14418 14418 3971247 3076380 -3184 3079564 1602 1602 198250 210664 -12414 -12414 -10866 -1548 24680748 260802 19329292 0 5351456 260802 5612258 5612258 112375 689574 112375 0 ADMINISTRATIVE FEE 561000 42000 42000 COMMISSIONS FOR ARTIST MANAGEMENT 900099 16978 16978 59580 59580 118558 24929198 3971247 -14050 8810434 1729649 1729649 2397403 831285 1566118 10569308 7360134 2151591 1057583 704183 598451 35728 70004 849579 690748 78449 80382 859841 672568 113413 73860 267561 267561 110413 110413 87000 87000 134676 134676 1358347 1358347 1464874 1031901 285395 147578 983114 2803 978466 1845 632567 276341 311021 45205 574491 494313 57825 22353 1348634 1200589 93753 54292 1107965 933052 165591 9322 132314 79066 51776 1472 2700 2700 3029123 2650665 258593 119865 346018 308065 24022 13931 PRODUCTION COSTS 3251016 3251016 DINING SERVICE/CATERING 1119101 538901 559412 20788 SCHOOL OPERATIONS 211994 178195 5599 28200 MEMBERSHIP/DUES/SUBS 140415 65603 54753 20059 125419 60769 62455 2195 33537705 22954114 8679981 1903610 2607034 1118728 2111733 3848291 52343439 45179353 1744079 29701 433123 305842 830564 451895 144927493 41832847 101050600 103094646 57361252 59678147 149490863 169803571 1870655 1827869 369843342 385338043 1560919 2294838 153973 196297 1842611 2129726 3557503 4620861 X 130855127 132401509 235430712 248315673 366285839 380717182 369843342 385338043 X -8608507 23330858 -291008 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 87000 87000 0 PART II-B, LINE 1: THE INSTITUTE ENGAGED WITH A LOBBYING CONSULTANT IN ORDER TO SECURE A GRANT AWARD FROM THE COVID-19 ARTS AND CULTURE RECOVERY PROGRAM IN DECEMBER 2023. 10742936 139175 0 0 X X X MUSIC EDUCATION 0 205353019 7558731 30007074 15054666 227864158 222507085 13002864 -3412944 26743986 205353019 253529786 2192235 -23456207 9758729 222507085 179077026 12665310 69878981 8091531 253529786 169103801 10131786 8398096 8556657 179077026 0.15863 0.69206 0.14932 0 0 13848261 13848261 101606410 29264977 72341433 27279026 12567870 14711156 2193796 2193796 103094646 COMMODITY FUNDS 695093 F COMMINGLED FUNDS 119863324 F HEDGE FUNDS 37585386 F REAL ESTATE FUNDS 4168743 F PRIVATE EQUITY FUNDS 7491025 F 169803571 DEFERRED COMPENSATION 987032 SPLIT-INTEREST LIABILITIES 989938 LEASE LIABILITIES 152756 2129726 X 46891740 23330858 -291008 23039850 23851890 1358347 -281039 1077308 24929198 32460397 281039 281039 32179358 1358347 1358347 33537705 PART III, LINE 4: THE INSTITUTE'S COLLECTIONS CONSIST OF FINE ART AND FINE MUSICAL INSTRUMENTS WHICH ARE USED FOR PUBLIC EXHIBITION AND THE MUSICAL EDUCATION OF ITS STUDENTS. PART V, LINE 4: ENDOWMENT EARNINGS FUND THE INSTITUTE'S OPERATIONS AND ENABLE THE SCHOOL TO CONTINUE THE POLICY OF AWARDING MERIT-BASED FULL TUITION SCHOLARSHIPS TO STUDENTS. USE OF ENDOWMENT FUNDS ARE DETERMINED BY DONOR RESTRICTION IF PRESENT. PART X, LINE 2: THE INSTITUTE IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. TAX FILINGS ARE SUBJECT TO AUDIT BY VARIOUS TAXING AUTHORITIES. OPEN PERIODS SUBJECT TO AUDIT ARE GENERALLY THE PREVIOUS THREE YEARS OF TAX RETURNS FILED. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRES MANAGEMENT TO EVALUATE THE TAX POSITIONS TAKEN BY THE INSTITUTE AND RECOGNIZE A TAX LIABILITY IF THE INSTITUTE HAS TAKEN AN UNCERTAIN TAX POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE RELEVANT TAXING AUTHORITY. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE INSTITUTE, AND HAS CONCLUDED THAT AS OF MAY 31, 2024 AND 2023, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR ASSET OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE INSTITUTE IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN SPLIT-INTEREST AGREEMENTS -291,008. PART XI, LINE 4B - OTHER ADJUSTMENTS: ADMINISTRATIVE FEE 42,000. DIRECT FUNDRAISING EVENT EXPENSES -112,375. DIRECT RENTAL EXPENSES -210,664. PART XII, LINE 2D - OTHER ADJUSTMENTS: ADMINISTRATIVE FEE -42,000. DIRECT FUNDRAISING EVENT EXPENSES 112,375. DIRECT RENTAL EXPENSES 210,664. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE INSTITUTE'S NONDISCRIMINATORY POLICY IS POSTED ON THE HOMEPAGE OF ITS WEBSITE. SCHEDULE E, PART I, LINE 6 STUDENTS AT THE INSTITUTE RECEIVE FEDERAL AID IN THE FORM OF PELL GRANTS. THE INSTITUTE RECEIVED A $95,000 GRANT FROM THE PENNSYLVANIA DEPARTMENT OF COMMUNITY AND ECONOMIC DEVELOPMENT IN SUPPORT OF TOURING IN THE COMMONWEALTH FOR CURTIS ON TOUR AND $13,000 FROM PENNSYLVANIA COUNCIL OF THE ARTS TO PROVIDE FUNDING FOR THE ENCOURAGEMENT, ASSISTANCE AND DEVELOPMENT OF THE ARTS WITHIN THE COUNCIL. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS N/A 73509482 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS N/A 369065 EAST ASIA AND THE PACIFIC 0 0 INVESTMENTS N/A 5114362 SUB-SAHARAN AFRICA 0 0 INVESTMENTS N/A 7768425 0 0 0 0 0 0 86761334 0 86761334 1 0 1 1 1 0 FORM 990, SCHEDULE F, PART IV: THE ORGANIZATION'S ACTIVITY IN FOREIGN CORPORATIONS DURING FY24 DOES NOT REQUIRE FILING OF FORM 926. FORM 5471 IS ATTACHED TO THE ORGANIZATION'S 2023 FORM 990-T. THE ORGANIZATION'S ACTIVITY IN PASSIVE FOREIGN INVESTMENT COMPANIES DURING FY24 DOES NOT REQUIRE FILING OF FORM 8621. THE ORGANIZATION'S ACTIVITY IN FOREIGN PARTNERSHIPS DURING FY24 DOES NOT REQUIRE FILING OF FORM 8865. X X X X X X X 1 LISA ROBINSON 6 BRUNING RD EAST BRUNSWICK NJ 08816 WRITER 0 0 17800 0 SHERRYL FISHER 5575 HUNTERS FOREST LN ATLANTA GA 30349 PROSPECT RESEARCHER 0 0 60000 0 RB CASHION LLC 291 UNION ST 3A BROOKLYN NY 11231 CONSULTING 0 0 56876 0 134676 AL AK AZ AR CA CO CT DE DC FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA PR RI SC SD TN TX UT VT VA WA WV WI WY ANNUAL GALA 801949 689574 112375 11930 70983 29462 801949 689574 112375 11930 70983 29462 112375 0 1 STUDENT AID AND AWARDS 107 1570522 0 FELLOWSHIPS 2 84127 0 GRANTS MADE TO ALUMNI 23 75000 0 PART I, LINE 2: STUDENT AID AND AWARDS: STUDENT AID AND AWARDS ARE APPLIED DIRECTLY TO STUDENT ACCOUNTS TO COVER DORM ROOMS, MEAL PLANS, AND HEALTH INSURANCE. NON-RESIDENTS ALSO RECEIVE MONTHLY CHECKS PAID DIRECTLY TO COVER LIVING EXPENSES. IT SHALL BE THE POLICY OF THE CURTIS INSTITUTE OF MUSIC THAT NO PROSPECTIVE STUDENT WHO HAS BEEN ACCEPTED FOR STUDY WILL BE UNABLE TO ATTEND BECAUSE OF FINANCIAL NEED. SIMILARLY, IT SHALL ALSO BE THE POLICY OF CURTIS THAT NO CURRENTLY ENROLLED STUDENT WOULD HAVE TO LEAVE SCHOOL BECAUSE OF UNMET FINANCIAL NEED. IN PRACTICE, THIS SHALL MEAN THAT CURTIS WILL DETERMINE WHAT IS A REALISTIC LEVEL OF FINANCIAL NEED BASED UPON THEN-PREVAILING COSTS FOR LIVING EXPENSES IN PHILADELPHIA AND THE EXPERIENCE OF OTHER CURTIS STUDENTS. (IT IS OF COURSE POSSIBLE THAT SOME PROSPECTIVE OR CURRENTLY ENROLLED STUDENTS MAY CHOOSE NOT TO ACCEPT THE PROFFERED PACKAGE OF FINANCIAL AID FOR A VARIETY OF REASONS). IN FULFILLMENT OF THE ABOVE COMMITMENT, CURTIS SHALL REVIEW EACH STUDENT'S REQUEST FOR FINANCIAL AID. WHERE APPROPRIATE AND NECESSARY, CURTIS MAY MAKE ADJUSTMENTS TO THE STATED LEVEL OF NEED (TO CORRESPOND WITH ACTUAL LIVING EXPENSES IN PHILADELPHIA AND WITH THE EXPERIENCE OF OTHER CURTIS STUDENTS) AND/OR THE REQUESTED LEVEL OF ASSISTANCE. THEREAFTER, CURTIS WILL BE PREPARED TO MAKE AVAILABLE A FINANCIAL AID PACKAGE THAT IS FULLY RESPONSIVE TO THE ADJUSTED LEVEL OF FINANCIAL NEED. BASED UPON EXPERIENCE, HOWEVER, INITIAL FINANCIAL AID AWARDS TO BOTH PROSPECTIVE AND CONTINUING STUDENTS SHALL BE TARGETED AT APPROXIMATELY 80% OF THE ADJUSTED LEVEL OF NEED, WITH THE EXPLICIT INVITATION FOR AID RECIPIENTS TO REAPPLY FOR FURTHER FINANCIAL AID SHOULD THAT PROVE NECESSARY. STUDENTS MAY REAPPLY FOR FINANCIAL AID AT ANY TIME DURING THE COURSE OF THE ACADEMIC YEAR. WHEN DECIDING UPON A FINANCIAL AID PACKAGE, CURTIS SHALL EXPECT ALL STUDENTS TO FIRST TAKE FULL ADVANTAGE OF SOURCES OF FINANCIAL ASSISTANCE OTHER THAN THE CURTIS INSTITUTE OF MUSIC. ONLY AFTER ASSURANCE THAT ALL OTHER SOURCES HAVE BEEN FULLY EXPLORED AND UTILIZED, WILL CURTIS OWN FINANCIAL AID RESOURCES BE INCORPORATED INTO THE FINANCIAL AID PACKAGE. (THE MIX BETWEEN OUTSIDE SOURCES OF FINANCIAL AID, CURTIS'S OWN RESOURCES, AND OUTSIDE EMPLOYMENT MAY VARY FROM STUDENT TO STUDENT, REFLECTING UNIQUE CIRCUMSTANCES APPLICABLE TO EACH STUDENT.) SUPPLEMENTAL FINANCIAL ASSISTANCE FOR STUDENTS ATTENDING THE CURTIS INSTITUTE OF MUSIC IS AWARDED IN THE FOLLOWING SEQUENCE: PELL GRANTS, ON-CAMPUS EMPLOYMENT, LAB/OPERA ORCHESTRA, CURTIS SUPPLEMENTAL GRANTS. WHEN IT COMES TO DETERMINING THE USE OF CURTIS'S OWN FINANCIAL AID RESOURCES, ALL FINANCIAL AID PACKAGES WILL INCLUDE ON-CAMPUS EMPLOYMENT FOR ELIGIBLE STUDENTS. RECIPIENTS OF CURTIS'S OWN FINANCIAL AID RESOURCES WILL BE EXPECTED TO PERFORM ON-CAMPUS EMPLOYMENT UP TO THE MAXIMUM PERMISSIBLE NUMBER OF HOURS PER WEEK OF SUCH EMPLOYMENT AS DETERMINED BY CURTIS. THESE FINANCIAL AID POLICIES OF THE CURTIS INSTITUTE OF MUSIC SHALL BE REVIEWED PERIODICALLY WITH MEMBERS OF THE FACULTY AND MEMBERS OF THE STUDENT BODY BOTH TO SOLICIT OPINIONS AND SUGGESTIONS AS WELL AS FOR INFORMATION DISSEMINATION PURPOSES. FELLOWSHIPS: FELLOWSHIPS ARE AWARDED IN THREE AREAS - CONDUCTING, STRING QUARTET, AND COMMUNITY ARTISTS. ADMISSIONS ARE BASED ON ARTISTIC PROMISE ALONE. AUDITION DATES, REPERTOIRE, AND PRESCREENING REQUIREMENTS VARY BY DEPARTMENT. DATES ARE SCHEDULED BASED ON THE FACULTY'S AVAILABILITY. AWARDS ARE APPLIED DIRECTLY TO STUDENT ACCOUNTS. CURTIS'S CONDUCTING FELLOWS PROGRAM PROVIDES A UNIQUE OPPORTUNITY FOR YOUNG CONDUCTORS AT A CRUCIAL TIME IN THEIR DEVELOPMENT. IN KEEPING WITH CURTIS'S CHARACTERISTIC "LEARN BY DOING" APPROACH, CONDUCTING FELLOWS GAIN VALUABLE EXPERIENCE THROUGH OPPORTUNITIES TO LEAD REHEARSALS AND PERFORMANCES OF THE CURTIS SYMPHONY ORCHESTRA, CURTIS CHAMBER ORCHESTRA, ENSEMBLE 20/21, AND CURTIS OPERA THEATRE. THE RITA E. HAUSER CONDUCTING FELLOWS ARE MENTORED BY YANNICK NEZET-SEGUIN, MUSIC DIRECTOR OF THE PHILADELPHIA ORCHESTRA. THEY ASSIST VISITING CONDUCTORS AT CURTIS AND HAVE ACCESS TO CURTIS'S PERFORMANCE AND MUSICAL STUDIES FACULTIES. THEY ALSO HAVE THE OPPORTUNITY TO WORK WITH LEADING CONDUCTORS, BOTH AT CURTIS AND THROUGH RESIDENCIES WITH PROFESSIONAL ORCHESTRAS. TO BE ADMITTED, CONDUCTING FELLOWS MUST BE AT A LEVEL WHERE THEY ARE PREPARED TO LEAD THE ABOVE ENSEMBLES THROUGH THE REHEARSAL PROCESS AND IN PERFORMANCE. THE NINA VON MALTZAHN STRING QUARTET PROGRAM IS OPEN TO YOUNG QUARTETS OF EXTRAORDINARY PROMISE, FORMED FOR AT LEAST ONE YEAR AT THE TIME OF THEIR AUDITION. CLOSELY MENTORED BY PENELOPE P. WATKINS ENSEMBLE IN RESIDENCE, THE DOVER QUARTET, THE ENSEMBLE PERFORMS TWO RECITALS ANNUALLY AND MASTERCLASSES FOR GUEST QUARTETS AND OTHER VISITING ARTISTS. QUARTET MEMBERS PARTICIPATE IN CONCERTS OF CONTEMPORARY MUSIC WITH CURTIS'S ENSEMBLE 20/21 AND PERFORM IN LOCATIONS AROUND THE GLOBE WITH CURTIS ON TOUR. THE QUARTET ALSO PARTICIPATES IN CURTIS'S COMMUNITY ARTISTS PROGRAM, DESIGNING AND IMPLEMENTING A UNIQUE PERFORMANCE PROJECT THAT COMBINES ARTISTRY WITH INVENTION, LEADERSHIP WITH ADVOCACY, AND CITIZENSHIP WITH COMMUNITY. AS MENTORING IS AN IMPORTANT DIMENSION OF THE QUARTET PROGRAM, QUARTET MEMBERS COACH AND PERFORM WITH STUDENTS WHO ARE PART OF THE YOUNG ARTISTS INITIATIVE (THOSE OF HIGH SCHOOL AGE AND YOUNGER). CURTIS ALUMNI BRING THEIR ARTISTRY TO UNDERSERVED COMMUNITIES IN PHILADELPHIA THROUGH COMMUNITY ARTIST FELLOWSHIPS. COMMUNITY ARTIST FELLOWS ARE PLACED IN EXISTING PARTNERSHIPS BETWEEN CURTIS AND INSTITUTIONS SUCH AS SCHOOLS, HOSPITALS, PRISONS, AND REHABILITATION CENTERS. THEY FOLLOW A FLEXIBLE SCHEDULE THAT BALANCES THEIR WORK IN THE COMMUNITY ALONGSIDE PRACTICE AND PERFORMANCE TIME. COMMUNITY ARTIST FELLOWSHIPS TAILOR PLACEMENTS TO THE DISCIPLINE, EXPERIENCE, AND INTERESTS OF YOUNG CURTIS ALUMNI AND EXTENDS, WHERE POSSIBLE, WORK THEY MAY HAVE BEGUN AS CURTIS STUDENTS THROUGH THE COMMUNITY ARTIST PROGRAM (CAP). COMPLETION OF A COMMUNITY ARTIST FELLOWSHIP WILL RESULT IN THE RECEIPT OF A POST-BACCALAUREATE DIPLOMA. GRANTS MADE TO ALUMNI: GRANTS ARE PROVIDED TO RECENT GRADUATES OF CURTIS - THOSE WHO COMPLETED THEIR STUDIES IN THE LAST TEN YEARS - WITH FINANCIAL AWARDS TO REMOVE BARRIERS TO THEIR SUCCESS AS EMERGING PERFORMERS AND ADVANCE THEIR PERSONAL ARTISTIC VISIONS. GRANTEES ARE SELECTED FROM APPLICANTS THROUGH A COMPETITIVE REVIEW PROCESS, AND PROPOSALS ARE EVALUATED CLOSELY BY AN ANONYMOUS PANEL OF CURTIS ALUMNI. FUNDING IS DISTRIBUTED BASED ON THE OVERALL STRENGTH OF A PROPOSAL, EXPRESSED IMPACT THE FUNDING MIGHT HAVE ON THE RECIPIENT'S OR PROJECT'S SUCCESS, AND THE PERCEIVED POTENTIAL FOR THE APPLICANT TO MEET MILESTONES. GRANTEES ALSO HAVE ACCESS TO PROFESSIONAL GUIDANCE AND SUPPORT IN ACHIEVING THE PROPOSAL'S GOALS. X 1 1 X X X X X 0 1 0 0 0 0 0 0 0 ROBERTO DIAZ PRESIDENT/TRUSTEE 698888 0 0 0 22500 0 239742 0 24905 0 986035 0 0 0 LAWRENCE BOMBACK TREASURER 291857 0 0 0 22500 0 25108 0 8580 0 348045 0 0 0 VINCENT FORD SR VP DIGITAL STRATEGY & INNOVATION 229891 0 0 0 22500 0 19686 0 8433 0 280510 0 0 0 EDWARD GAZOULEAS PROVOST AND ARTISTIC DIRECTOR 205879 0 0 0 22500 0 8333 0 7927 0 244639 0 0 0 KIMBERLY GOULD VICE PRESIDENT, PEOPLE & CULTURE 198229 0 0 0 0 0 11935 0 5762 0 215926 0 0 0 PAMELA FRANK FACULTY MEMBER 161809 0 0 0 0 0 25801 0 19024 0 206634 0 0 0 PAUL BRYAN DIR ASSESSMENT & ACCRED./FACULTY MBR 174842 0 0 0 0 0 6569 0 24905 0 206316 0 0 0 IDA KAVAFIAN FACULTY MEMBER 158924 0 0 0 0 0 24477 0 12203 0 195604 0 0 0 MARCELLA GENEROSE MANAGING DIRECTOR OF DEVELOPMENT 155000 0 0 0 0 0 12540 0 7202 0 174742 0 0 0 NICHOLAS A DIBERARDINO TRUSTEE/DEAN 149487 0 0 0 0 0 2917 0 19922 0 172326 0 0 0 MICHAEL ANDREW LANE VP TOURING AND ARTIST MANAGEMENT 143043 0 0 0 0 0 11704 0 8433 0 163180 0 0 0 PART I, LINE 1A FIRST CLASS OR CHARTER TRAVEL IS PROVIDED FOR OFFICIAL INSTITUTE BUSINESS WHEN DEEMED APPROPRIATE. THIS IS NOT INCLUDED IN TAXABLE COMPENSATION. PART I, LINE 4B ROBERTO DIAZ PARTICIPATES IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. CONTRIBUTIONS IN THE AMOUNT OF $206,551 ARE INCLUDED IN SCHEDULE J, PART II, COLUMN (C). UNDER THIS PLAN, CONTRIBUTIONS BECOME VESTED ON THE EARLIER OF (1) DEATH OF THE PARTICIPANT, (2) THE PARTICIPANT'S DISABILITY, OR (3) MAY 31, 2025, PROVIDED THAT THE PARTICIPANT REMAINS IN THE EMPLOY OF CURTIS THROUGH SUCH DATE UNLESS TERMINATION IS ON ACCOUNT OF DEATH OR DISABILITY. IN THE EVENT THAT ANY CONTRIBUTIONS ARE NOT VESTED AT THE TIME OF THE PARTICIPANT'S TERMINATION OF EMPLOYMENT WITH CURTIS, SUCH CONTRIBUTIONS AND ANY EARNINGS CREDITED THERETO SHALL BE FOREVER FORFEITED BY THE PARTICIPANT. PAYMENT OF PLAN BENEFITS TO THE PARTICIPANT OR A BENEFICIARY SHALL BE MADE IN A SINGLE LUMP-SUM DISTRIBUTION AS SOON ADMINISTRATIVELY PRACTICABLE FOLLOWING THE DATE THE PARTICIPANT BECOMES VESTED. THE PLAN INCLUDES A SUBSTANTIAL RISK OF FORFEITURE. X 2 3150 FAIR MARKET VALUE X 1000 FAIR MARKET VALUE X 7 581621 FAIR MARKET VALUE X MUSICAL INSTRUMENTS 6 139175 FAIR MARKET VALUE X EVENT SUPPLIES 3 11820 FAIR MARKET VALUE 2 0 1 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS IS REPORTED. FORM 990, PART VI, SECTION A, LINE 1A ONLY TRUSTEES MAY SERVE ON THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE TRUSTEES WHO ARE SERVING AS THE CHAIRS OF THE AUDIT, FINANCE, INVESTMENT, GOVERNANCE, DEVELOPMENT, EDUCATION & STUDENT LIFE, FACILITIES, AND HUMAN RESOURCES COMMITTEES, THE TRUSTEES WHO ARE SERVING AS OFFICERS OF THE CORPORATION, AND ANY SUCH OTHER TRUSTEES AS THE BOARD BY RESOLUTION MAY APPOINT (VACANCIES IN THE MEMBERSHIP OF THE EXECUTIVE COMMITTEE SHALL BE FILLED BY THE BOARD OF TRUSTEES AT A REGULAR OR SPECIAL MEETING OF THE BOARD). APPOINTED MEMBERS OF THE EXECUTIVE COMMITTEE SHALL SERVE UNTIL REPLACED BY THE BOARD. THE EXECUTIVE COMMITTEE SHALL HAVE THE AUTHORITY TO EXERCISE ALL THE POWERS AND AUTHORITY OF THE BOARD, EXCEPT THAT IT SHALL NOT HAVE ANY POWER OR AUTHORITY AS TO THE FOLLOWING: (A) THE CREATION OR FILLING OF VACANCIES IN THE BOARD OF TRUSTEES; OR (B) THE ADOPTION, AMENDMENT, OR REPEAL OF THESE BYLAWS; OR (C) THE AMENDMENT OR REPEAL OF ANY RESOLUTION OF THE BOARD; OR (D) ACTION ON MATTERS COMMITTED BY THESE BYLAWS OR A RESOLUTION OF THE BOARD EXCLUSIVELY TO ANOTHER COMMITTEE OF THE BOARD; OR (E) ACTION ON MATTERS PERTAINING TO THE ACQUISITION, SALE, MORTGAGE, OR PLEDGE OF REAL PROPERTY; OR (F) THE APPROVAL OF THE CORPORATION'S ANNUAL OPERATING AND CAPITAL BUDGETS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND PRESENTED TO THE AUDIT COMMITTEE BY MANAGEMENT. AFTER APPROVAL BY THE AUDIT COMMITTEE, THE FORM 990 (WITHOUT SCHEDULE B - SCHEDULE OF CONTRIBUTORS) IS PROVIDED TO THE FULL BOARD FOR REVIEW PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, CURTIS INSTITUTE OF MUSIC TRUSTEES AND INVESTMENT COMMITTEE MEMBERS ARE ASKED TO REVIEW THEIR CONFLICTS OF INTEREST AND DISCLOSE ANY NEW CONFLICTS OR POTENTIAL CONFLICTS. CONFLICTS ARE SUBMITTED TO THE CHAIR OF THE GOVERNANCE COMMITTEE FOR REVIEW AND DISCUSSION WITH THE GOVERNANCE COMMITTEE. THE COMMITTEE DECIDES IF EACH DISCLOSED POTENTIAL CONFLICT 1) REPRESENTS A REAL CONFLICT, 2) IF A CONFLICT EXISTS, IS IT PERMISSIBLE OR IMPERMISSIBLE. ALL CONFLICTS (PERMISSIBLE AND IMPERMISSIBLE) ARE REPORTED TO THE BOARD OF TRUSTEES, WHO ARE TASKED WITH APPROVING RESOLUTIONS FOR PERMISSIBLE CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15A FORM 990, PART VI, SECTION B, LINE 15B: THE BOARD OF TRUSTEES HAS ESTABLISHED A HUMAN RESOURCES COMMITTEE OF INDEPENDENT TRUSTEES THAT HAVE NO PERSONAL INTEREST IN THE PROPOSED COMPENSATION ARRANGEMENTS. THE COMMITTEE REVIEWS THE PROPOSED GROSS COMPENSATION FOR ALL EMPLOYEES INCLUDING KEY EMPLOYEES, EXCLUDING THE PRESIDENT AND CEO, DURING THE PREPARATION OF THE ORGANIZATION'S ANNUAL BUDGET. AN EXECUTIVE COMMITTEE COMPRISED OF INDEPENDENT TRUSTEES THAT HAVE NO PERSONAL INTEREST IN THE PROPOSED COMPENSATION ARRANGEMENTS REVIEWS AND RECOMMENDS A COMPENSATION PACKAGE FOR THE PRESIDENT AND CEO, WHICH IS SUBJECT TO APPROVAL OF THE FULL BOARD. THE ORGANIZATION ALSO HAS A FULL-TIME HUMAN RESOURCES DEPARTMENT AND BUSINESS OFFICE THAT SUPPORTS THIS FUNCTION AND USE COMPENSATION DATA AS A MEMBER OF THE NATIONAL ASSOCIATION OF COLLEGE AND UNIVERSITY BUSINESS OFFICES. DELIBERATIONS AND DECISIONS REGARDING COMPENSATION ARE DOCUMENTED. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS OF THE INSTITUTE ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VIII, LINE 1H, COLUMN (A) THE AMOUNT OF CONTRIBUTIONS REPORTED ON FORM 990, PART VIII, LINE 1H, COLUMN (A) IS LESS THAN THE TOTAL CONTRIBUTIONS REPORTED ON SCHEDULE B DUE TO DISCOUNTS AND WRITE-OFFS NETTED AGAINST CONTRIBUTION REVENUE DURING THE TAX YEAR. FORM 990, PART XI, LINE 9: CHANGE IN SPLIT-INTEREST AGREEMENTS -291,008. MARY LOUISE CURTIS BOK FOUNDATION 1726 LOCUST STREET PHILADELPHIA PA 19103 236000615 SUPPORTING ORGANIZATION PA 501(C)(3) LINE 12D, III-O N/A 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0