2021-04-01T13:20:37-07:00 2020-05-31 990 2019-06-01 231585611 CURTIS INSTITUTE OF MUSIC CURT 2158935252 1726 LOCUST ST PHILADELPHIA PA 19103 David Reinhardt Senior Director of Finance/Adm 2157173194 2021-03-31 2019 2022-09-23 18:48:47Z LAWRENCE BOMBACK 1726 LOCUST ST PHILADELPHIA PA 19103 128462764 0 X WWW.CURTIS.EDU X 1924 PA TUITION FREE SCHOOL THAT PROVIDE MUSIC EDUCATION TO AN AVERAGE OF 173 STUDENTS ANNUALLY. 41 37 517 300 -4812 -4812 14014742 14047211 3673664 3134247 7472020 7244628 34890 45321 25195316 24471407 1716568 1554848 0 11710216 12125384 182270 29185 1563461 11813488 11158673 25422542 24868090 -227226 -396683 300487292 301109152 6114024 5192440 294373268 295916712 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. ATTENDANCE AVERAGES 173 STUDENTS. 0 0 17113032 1554848 3134247 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 ABOUT 173 AND 113 FACULTY MEMBERS. CURTIS STUDENTS ALSO PRESENT OVER 175 PUBLIC PERFORMANCES EACH YEAR, GIVING THEM OPPORTUNITIES TO HONE THEIR CRAFT AND SHAPE THEIR ARTISTIC POINT-OF-VIEW ON STAGE IN FRONT OF LIVE AUDIENCES. 0 0 0 17113032 1 1 0 0 0 0 0 1 0 1 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 1 0 0 0 1 182 0 1 517 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 41 37 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK CO KY MD ME MI NH OH OK PA WA X X DAVID REINHARDT 2157173194 1726 LOCUST ST PHILADELPHIA PA 19103 ROBERTO DIAZ PRESIDENT/TRUSTEE 35 X X 596862 0 76347 LAWRENCE BOMBACK TREASURER 35 X 231541 0 33306 PAUL J BRYAN DEAN OF FACULTY AND STUDENTS 35 X 189357 0 29547 CHARLES STERNE DIRECTOR OF PRINCIPAL GIFTS 35 X 143091 0 52344 DAVID S LUDWIG TRUSTEE/FACULTY 1 X 144936 0 44031 MATTHEW MORGAN CHIEF TECHNOLOGY OFFICER 35 X 141289 0 41420 IDA KAVAFIAN NINA VON MALTZAHN CHAIR, VIOLIN STUDIES 35 X 148700 0 13047 LOURDES STARR-DEMERS SENIOR VP OF ARTISTIC PROGRAMS 35 X 155737 0 3403 PAMELA FRANK HERBERT R AND EVELYN AXELROD CHAIR, VIOLIN STUDIES 35 X 112033 0 24761 CHRISTOPHER MOSSEY SENIOR VP OF ADVANCEMENT 35 X 124272 0 4744 CYNTHIA HEININGER SECRETARY 35 X 85593 0 28236 ERIC OWENS TRUSTEE/FACULTY 1 X 79757 0 90 ALAN MORRISON TRUSTEE/FACULTY 1 X 36005 0 0 DEBORAH M FRETZ CHAIR/TRUSTEE 1 X X 0 0 0 EDWARD A MONTGOMERY JR VICE-CHAIR/TRUSTEE 1 X X 0 0 0 FRANK S BAYLEY III TRUSTEE 1 X 0 0 0 VICTORIA BOK TRUSTEE 1 X 0 0 0 WILLIAM BRODY TRUSTEE 1 X 0 0 0 ANTHONY B CREAMER III TRUSTEE 1 X 0 0 0 GORDON FOWLER TRUSTEE 1 X 0 0 0 JUDITH FREYER TRUSTEE 1 X 0 0 0 BRUCE J GOULD MD TRUSTEE 1 X 0 0 0 MARSHA HUNTER TRUSTEE 1 X 0 0 0 ANDREW JACOBS TRUSTEE 1 X 0 0 0 LINDA E JOHNSON TRUSTEE 1 X 0 0 0 HARRY LEE TRUSTEE 1 X 0 0 0 LISA LIEM TRUSTEE 1 X 0 0 0 YUEN SUNG LIU TRUSTEE 1 X 0 0 0 BETTY H MATARESE TRUSTEE 1 X 0 0 0 CONNIE B MCCANN TRUSTEE 1 X 0 0 0 JOHN H MCFADDEN TRUSTEE 1 X 0 0 0 FRANK J MECHURA TRUSTEE 1 X 0 0 0 JOHN J MEDVECKIS TRUSTEE 1 X 0 0 0 ROBERT H MUNDHEIM TRUSTEE 1 X 0 0 0 RANJI NAGASWAMI TRUSTEE 1 X 0 0 0 ROY NEFF TRUSTEE 1 X 0 0 0 C RICHARD NEU TRUSTEE 1 X 0 0 0 CATHERINE RADBILL TRUSTEE 1 X 0 0 0 WILLIAM H ROBERTS TRUSTEE 1 X 0 0 0 ROBERT H ROCK TRUSTEE 1 X 0 0 0 MARK E RUBENSTEIN TRUSTEE 1 X 0 0 0 CHIONA SCHWARZ TRUSTEE 1 X 0 0 0 WILLIAM STENSRUD TRUSTEE 1 X 0 0 0 JAY TOLSON TRUSTEE 1 X 0 0 0 NINA BARONESS VON MALTZAHN TRUSTEE 1 X 0 0 0 BARON LUPO VON MALTZAHN TRUSTEE 1 X 0 0 0 CJ WALSH III TRUSTEE 1 X 0 0 0 PENELOPE P WATKINS TRUSTEE 1 X 0 0 0 BETTY WHELCHEL TRUSTEE 1 X 0 0 0 JERRY WIND TRUSTEE 1 X 0 0 0 2189173 0 351276 15 0 1 0 ELLIOTT-LEWIS CORPORATION 2900 BLACK LAKE PLACE PHILADELPHIA PA 19154 MAINTENANCE SERVICES 730275 ALLIED UNIVERSAL CORP 161 WASHINGTON ST SUITE 1600 - EIGHT TOWER BRIDGE CONSHOHOCKEN PA 19428 SECURITY SERVICES 524361 PARKHURST DINING SERVICES PO BOX 644091 PITTSBURGH PA 15264 CAFETERIA SERVICES 506736 KIMMEL CENTER INC 1500 WALNUT ST FLOOR 17 PHILADELPHIA PA 19102 FACILITY RENTAL AND STAGE LABOR 362319 BON APPETIT MANAGEMENT PO BOX 417632 BOSTON MA 02241 CAFETERIA SERVICES 232270 10 0 0 555119 4418178 116460 8957454 92725 14047211 DORMITORY REVENUE 611710 1937182 1937182 0 0 STUDENT FEES 611710 752729 752729 0 0 CONCERT INCOME 711130 444336 444336 0 0 0 0 0 0 3134247 6297135 0 0 6297135 0 0 0 0 7375 0 0 7375 1147 0 5959 0 -4812 0 -4812 0 -4812 0 104887063 0 103939570 0 947493 0 947493 0 0 947493 45828 555119 45828 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 ADMINISTRATIVE FEE 561000 42000 0 0 42000 SCHOOL STORE 453000 758 0 0 758 0 0 0 0 42758 24471407 3134247 -4812 7294761 0 1554848 1554848 1653613 494477 658434 500702 8138594 5550846 2199920 387828 630348 521046 76524 32778 1101583 740716 222060 138807 601246 496990 72991 31265 0 189010 189010 57774 57774 29185 29185 823598 823598 644060 383739 255744 4577 159785 92265 67520 323562 30424 155306 137832 371409 319144 37334 14931 412032 354512 41492 16028 411516 345534 44306 21676 109849 22570 69732 17547 68762 68762 2484703 2182972 217611 84120 349756 300909 35228 13619 PRODUCTION COSTS 2009474 2009474 0 0 SCHOOL OPERATION AND MAINTENANCE 1672141 1438710 168385 65046 FOOD SERVICE 773796 68675 705121 0 ACADEMIC FELLOWSHIPS 297446 297446 0 0 24868090 17113032 6191597 1563461 95142 679197 207689 244852 37424934 29020157 82641 127988 787150 752833 309647 194270 119340887 31895783 88990116 87445104 106672144 143423005 64400175 37635851 1517654 1585895 300487292 301109152 1064506 941138 769067 297188 1750312 1535600 465579 465579 2064560 1952935 6114024 5192440 X 129163842 127382405 165209426 168534307 294373268 295916712 300487292 301109152 -396683 1940127 0 0 0 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 10157736 0 0 X X X MUSICAL EDUCATION 0 169103801 10131786 8398096 0 8556657 0 179077026 167288256 11728084 -1476204 0 8436335 0 169103801 150009611 11631794 12872952 0 7226101 0 167288256 132048873 6512456 18682856 0 7234574 0 150009611 128727907 13843929 -4475823 0 6047140 0 132048873 0.247 0.6864 0.0666 0 0 0 13848261 13848261 0 80573661 21345977 59227684 0 0 0 0 0 14761229 10549806 4211423 0 10157736 0 10157736 87445104 VANGUARD INSTITUTIONAL INDEX FUND 20970913 F GARCIA HAMILTON & ASSOCIATES 16664938 F 37635851 SPLIT-INTEREST LIABILITIES 1683129 DEFERRED COMPENSATION 269806 1952935 X 25042614 1940127 0 0 51787 1991914 23050700 823598 597109 1420707 24471407 23499170 0 0 0 51787 51787 23447383 823598 597109 1420707 24868090 Schedule D, 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 THE STUDENTS. Schedule D, 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. Schedule D, 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. Schedule D, Part XI, Line 2d UBI RENTAL EXPENSE $5,959 FUNDRAISING EXPENSE $45,828 Schedule D, Part XI, Line 4b ADMINISTRATION FEE $42,000 NON-CASH FINANCIAL AID $555,109 Schedule D, Part XII, Line 2d UBI RENTAL EXPENSE $5,959 FUNDRAISING EXPENSE $45,828 Schedule D, Part XII, Line 4b ADMINISTRATION EXPENSE $42,000 NON-CASH FINANCIAL AID $555,109 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 THE SCHOOL'S NONDISCRIMINATION POLICY IS POSTED ON ITS WEBSITE IN THE INFORMATION FOR ADMISSION SECTION. IT IS ALSO INCLUDED IN THE STUDENT HANDBOOK WHICH IS DISTRIBUTED DURING THE REGISTRATION PERIOD. Schedule E, Part I, Line 6 STUDENTS AT THE INSTITUTE RECEIVE FEDERAL AID IN THE FORM OF PELL GRANTS AND STAFFORD LOANS. Central America and the Caribbean 0 0 Investments 49416286 Europe (including Iceland and Greenland) 0 0 Investments 4575176 East Asia and the Pacific 0 0 Investments 3518112 0 0 57509574 0 0 0 0 0 0 X X X X X X X 1 KARMA AGENCY 230 S BROAD ST PHILADELPHIA PA 19102 CAMPAIGN RELATED MATERIALS 0 0 46697 -46697 0 46697 -46697 AK AL AR CA CO CT FL GA HI IL KS KY LA MA MD ME MI MN MO MS NC ND NH NJ NM NY OH OK OR PA RI SC TN UT VA WA ANNUAL GALA 600947 555119 45828 0 0 2485 0 0 43343 0 0 600947 555119 45828 0 0 2485 0 0 43343 45828 0 Schedule G, Part I, Line 2b NAME OF FUNDRAISER: KARMA AGENCY ADDRESS: 230 S. BROAD ST., SUITE 1500, PHILADELPHIA, PA 19103 Schedule G, Part I, Line 2b(v) KARMA AGENCY PROVIDES DELIVERABLES IN RELATION TO CAMPAIGN-RELATED ENGAGEMENTS AND FUNDRAISING MATERIALS. 1 NEED-BASED STUDENT AID 93 592275 508001 BOOK VALUE DORMITORY AND CAFETERIA PRIVILEGES Schedule I, Part I, Line 2 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 STUDENTS. X 1 1 X X X X X X 0 1 0 0 0 0 0 0 0 ROBERTO DIAZ PRESIDENT/TRUSTEE 596862 0 0 0 0 0 75573 0 774 0 673209 0 0 0 LAWRENCE BOMBACK TREASURER 231541 0 0 0 0 0 15352 0 17954 0 264847 0 0 0 DAVID S LUDWIG TRUSTEE/FACULTY 144936 0 0 0 0 0 19000 0 25031 0 188967 0 0 0 PAUL J BRYAN DEAN OF FACULTY AND STUDENTS 189357 0 0 0 0 0 0 0 29547 0 218904 0 0 0 LOURDES STARR-DEMERS SENIOR VP OF ARTISTIC PROGRAMS 155737 0 0 0 0 0 3133 0 270 0 159140 0 0 0 CHRISTOPHER MOSSEY SENIOR VP OF ADVANCEMENT 124272 0 0 0 0 0 0 0 4744 0 129016 0 0 0 MATTHEW MORGAN CHIEF TECHNOLOGY OFFICER 141289 0 0 0 0 0 9433 0 31987 0 182709 0 0 0 CHARLES STERNE DIRECTOR OF PRINCIPAL GIFTS 143091 0 0 0 0 0 25000 0 27344 0 195435 0 0 0 IDA KAVAFIAN NINA VON MALTZAHN CHAIR, VIOLIN STUDIES 143091 0 0 0 0 0 0 0 13047 0 156138 0 0 0 PAMELA FRANK HERBERT R AND EVELYN AXELROD CHAIR, VIOLIN STUDIES 112033 0 0 0 0 0 0 0 24761 0 136794 0 0 0 Schedule J, Part I, Line 1a FIRST CLASS OR CHARTER TRAVEL IS PROVIDED FOR OFFICIAL INSTITUTE BUSINESS WHEN DEEMED APPROPRIATE. Schedule J, Part I, Line 4 ROBERTO DIAZ PARTICIPATES IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN AND HIS COMPENSATION UNDER THIS PLAN WAS $113,909. X 34225 OTHER X 40 2830865 MARKET VALUE X 3 63500 APPRAISED VALUE X CATERING FOR CONCERT 1 21168 APPRAISED VALUE 0 0 1 0 Form 990, Part VI, Section A, Line 2 FAMILY RELATIONSHIP: NINA BARONESS VON MALTZAHN, BARON LUPO VON MALTZAHN Form 990, Part VI, Section B, Line 11b PRIOR TO ITS FILING, THE 990 IS REVIEWED BY THE AUDIT COMMITTEE WITH MANAGEMENT. ONCE APPROVED, THE 990 IS THEN POSTED TO A PRIVATE ONLINE PORTAL FOR TRUSTEES, AND A NOTIFICATION IS SENT OUT FOR THEIR REVIEW. Form 990, Part VI, Section B, Line 12c THE ORGANIZATION MONITORS AND ENFORCES COMPLIANCE BY FOLLOWING THESE PROCEDURES: (1) ALL INTERESTED PERSONS HAS A DUTY TO FILE A CONFLICT OF INTEREST STATEMENT AND DISCLOSURE WHEN COMMENCING SERVICE AND ON AN ANNUAL BASIS THEREAFTER, OR MORE FREQUENTLY IF A CHANGE IN ANY NEW ACTIVITIES OR RELATIONSHIPS OCCURS. (2) SHOULD A CONFLICT OR POTENTIAL CONFLICT ARISE,THE INTERESTED PERSON PRESENTS THIS POTENTIAL CONFLICT OF INTEREST TO THE CHAIR OF THE BOARD OF TRUSTEES AND SHALL ABSTAIN FROM DISCUSSIONS RELATED TO TRANSACTIONS OR ARRANGEMENTS THAT INVOLVE, OR MAY INVOLVE, THE ACTUAL OR POTENTIAL CONFLICT UNTIL A DETERMINATION CAN BE MADE BY THE BOARD CHAIR, OR IF NEEDED THE APPROPRIATE COMMITTEE AS DETERMINED BY THE CHAIR OR BY THE BOARD, REGARDING WHETHER HE OR SHE HAS A CONFLICT OF INTEREST. (3) THE GOVERNANCE COMMITTEE DETERMINES IF THERE IS A CONFLICT OF INTEREST, AND REPORTS TO THE BOARD OF TRUSTEES IF ONE EXISTS. (4) THE MINUTES OF THE BOARD OR OTHER CORPORATE RECORDS SHALL RECORD THE NAMES OF THE PERSONS WHO WERE FOUND TO HAVE AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST, THE CONFLICT'S NATURE, THE NATURE OF THE FOLLOW-UP, AND THE DECISION AS TO WHETHER A CONFLICT OF INTEREST IN FACT EXISTED, AND WHETHER THAT CONFLICT INVOLVES A PERMISSIBLE OR IMPERMISSIBLE TRANSACTION OR ARRANGEMENT. Form 990, Part VI, Section B, Line 15 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 COMPENSATION FOR ALL EMPLOYEES INCLUDING OFFICERS DURING THE PREPARATION OF THE ORGANIZATION'S ANNUAL BUDGET. THE ORGANIZATION ALSO HAS A FULL-TIME HUMAN RESOURCES DEPARTMENT AND BUSINESS OFFICE THAT SUPPORTS THIS FUNCTION, AND HAS ACCESS TO COMPENSATION DATA AS A MEMBER OF THE NATIONAL ASSOCIATION OF COLLEGE AND UNIVERSITY BUSINESS OFFICERS. 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. MARY LOUISE CURTIS BOK FOUNDATION 1726 LOCUST ST PHILADELPHIA PA 19103 236000615 SUPPORTING ORGANIZATION OF CURTIS PA 501C3 PF CURTIS INSTITUTE OF MUSIC 1 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 MARY LOUISE CURTIS BOK FOUNDATION c 4418178 CASH Schedule R, Part II ACTIVITY: FOUNDATION TO SUPPORT THE CURTIS INSTITUTE OF MUSIC DIRECT CONTROLLING ENTITY: CURTIS INSTITUTE OF MUSIC