CURTIS INSTITUTE OF MUSIC: Form 990, tax year 2016
View the entire original 990 at ProPublica ↗
- Organization
- CURTIS INSTITUTE OF MUSIC (EIN 23-1585611)
- Tax period
- 2016-06-01 to 2017-05-31
- Filed
- 2018-02-14
- IRS object ID
- 201810459349300801
- Schema version
- 2016v3.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule F
- Schedule G
- Schedule I
- Schedule J
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2018-02-14T07:52:08-06:00 | ReturnTs |
| Tax Period End | 2017-05-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 390758449 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Wipfli LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2 West Baltimore Ave Suite 210 | AddressLine1Txt |
| City | Media | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19063 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2016-06-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 231585611 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE CURTIS INSTITUTE OF MUSIC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | CURT | BusinessNameControlTxt |
| Phone | 2157173194 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1726 Locust Street | AddressLine1Txt |
| City | Philadelphia | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19103 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | LAWRENCE BOMBACK | PersonNm |
| Person Title | TREASURER | PersonTitleTxt |
| Phone | 2157173194 | PhoneNum |
| Signature | 2018-02-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JOHN J NIHILL CPA | PreparerPersonNm |
| PTIN | P00844252 | PTIN |
| Phone | 6105653930 | PhoneNum |
| Preparation | 2018-02-13 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2016 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | ROBERTO DIAZ | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1726 Locust Street | AddressLine1Txt |
| City | Philadelphia | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19103 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $49,122,777 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.CURTIS.EDU | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1924 | FormationYr |
| Legal Domicile State | PA | LegalDomicileStateCd |
| Activity Or Mission | TUITION FREE SCHOOL THAT PROVIDES MUSIC EDUCATION TO AN AVERAGE OF 169 STUDENTS ANNUALLY. | ActivityOrMissionDesc |
| Voting Members Governing Body | 38 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 34 | VotingMembersIndependentCnt |
| Total Employee | 506 | TotalEmployeeCnt |
| Total Volunteers | 318 | TotalVolunteersCnt |
| Total Gross UBI | -$25,750 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | -$24,982 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $60,837,378 | PYContributionsGrantsAmt |
| CY Contributions Grants | $19,153,317 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $2,508,989 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $2,847,087 | CYProgramServiceRevenueAmt |
| PY Investment Income | $5,836,755 | PYInvestmentIncomeAmt |
| CY Investment Income | $7,383,367 | CYInvestmentIncomeAmt |
| PY Other Revenue | -$43,837 | PYOtherRevenueAmt |
| CY Other Revenue | $14,577 | CYOtherRevenueAmt |
| PY Total Revenue | $69,139,285 | PYTotalRevenueAmt |
| CY Total Revenue | $29,398,348 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $886,554 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $882,125 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $9,810,453 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $9,917,943 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $188,578 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $197,409 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $2,849,740 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $10,709,623 | PYOtherExpensesAmt |
| CY Other Expenses | $12,939,539 | CYOtherExpensesAmt |
| PY Total Expenses | $21,595,208 | PYTotalExpensesAmt |
| CY Total Expenses | $23,937,016 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $47,544,077 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $5,461,332 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $283,988,258 | TotalAssetsBOYAmt |
| Total Assets EOY | $299,083,584 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $8,730,212 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $7,065,611 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $275,258,046 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $292,017,973 | NetAssetsOrFundBalancesEOYAmt |
| Mission | 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 169 STUDENTS. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $17,491,750 | ExpenseAmt |
| Grant | $882,125 | GrantAmt |
| Revenue | $2,847,087 | RevenueAmt |
| Desc | 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 169 STUDENTS. | Desc |
| Total Program Service Expenses | $17,491,750 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | Yes (1) | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (1) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | Yes (1) | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | 0 | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 146 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 506 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 38 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 34 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (1) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | Yes (1) | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | AK | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | CO | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | KY | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | ME | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MD | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MI | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NH | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | OH | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | OK | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | OR | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | PA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | WA | StatesWhereCopyOfReturnIsFldCd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DAVID REINHARDT | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2157173194 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1726 LOCUST STREET | AddressLine1Txt |
| City | PHILADELPHIA | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19103 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (63 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|---|
| ROBERTO DIAZ | |||||||||
| PRESIDENT/TRUSTEE | 35.00 | 0.00 | Yes (X) | Yes (X) | $497,083 | $0 | $76,357 | ||
| LAWRENCE BOMBACK | |||||||||
| TREASURER/SR. VP of Administration | 35.00 | 0.00 | Yes (X) | Yes (X) | $33,314 | $0 | $0 | ||
| CYNTHIA HEININGER | |||||||||
| SECRETARY | 35.00 | 0.00 | Yes (X) | Yes (X) | $75,689 | $0 | $6,113 | ||
| Mark E Rubenstein | |||||||||
| CHAIR/TRUSTEE | 1.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| Anthony B Creamer III | |||||||||
| VICE CHAIR/TRUSTEE | 1.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| DEBORAH M FRETZ | |||||||||
| VICE CHAIR/TRUSTEE | 1.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| EDWARD A MONTGOMERY JR | |||||||||
| VICE CHAIR/TRUSTEE | 1.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| NINA BARONESS VON MALTZAHN | |||||||||
| HONORARY CHAIR/TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| FRANK S BAYLEY | |||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| VICTORIA BOK | |||||||||
| TRUSTEE | 1.00 | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| WILLIAM R BRODY | |||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| PAULINE CANDAUX | |||||||||
| FRIENDS TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| MIA CHUNG | |||||||||
| TRUSTEE/MUSICAL STUDIES FACULTY | 35.00 | 0.00 | Yes (X) | $10,927 | $0 | $609 | |||
| GORDON FOWLER | |||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| BRUCE JAY GOULD MD | |||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Jennifer Higdon | |||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| LINDA E JOHNSON | |||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| HARRY T LEE | |||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| LISA LIEM | |||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| SUEYUN P LOCKS | |||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| BETTY H MATARESE | |||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| JOHN H MCFADDEN | |||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| FRANK J MECHURA | |||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| JOHN J MEDVECKIS | |||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| JENNIFER MONTONE | |||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| ROBERT H MUNDHEIM | |||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| ROY NEFF | |||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| C RICHARD NEU | |||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| ERIC OWENS | |||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| WILLIAM H ROBERTS | |||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| ROBERT H ROCK | |||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| BRETT RUBINSON | |||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| CHIONA SCHWARTZ | |||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Samuel Shipley | |||||||||
| TRUSTEE | 1.00 | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| WILLIAM STENSRUD | |||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| STANFORD THOMPSON | |||||||||
| ALUMNI TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| JAY H TOLSON | |||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| ELIZABETH VALE | |||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Dean Vetsikas | |||||||||
| CRESCENDO CLUB TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| PENELOPE P WATKINS | |||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| A MARGARET BOK | |||||||||
| HONORARY TRUSTEE | 1.00 | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| MILTON L ROCK PHD | |||||||||
| HONORARY TRUSTEE | 1.00 | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| H F GERRY LENFEST | |||||||||
| CHAIRMAN EMERITUS | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| NINA ALBERT | |||||||||
| TRUSTEE EMERITA | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| PETER A BENOLIEL | |||||||||
| TRUSTEE EMERITUS | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| SHELDON M BONOVITZ | |||||||||
| TRUSTEE EMERITUS | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| LUTHER W BRADY MD | |||||||||
| TRUSTEE EMERITUS | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| CAROLYN S BURGER | |||||||||
| TRUSTEE EMERITA | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| JOSEPH M FIELD | |||||||||
| TRUSTEE EMERITUS | 1.00 | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| ALAN R HIRSIG | |||||||||
| TRUSTEE EMERITUS | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| SCOTT M JENKINS | |||||||||
| TRUSTEE EMERITUS | 1.00 | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| BOBBY ELLEN KIMBEL PHD | |||||||||
| TRUSTEE EMERITA | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| JAMES R LEDWITH | |||||||||
| TRUSTEE EMERITUS | 1.00 | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| BONG S LEE MD | |||||||||
| TRUSTEE EMERITUS | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| CHRISTINA WEISS LURIE | |||||||||
| TRUSTEE EMERITA | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| JOHN A NYHEIM | |||||||||
| TRUSTEE EMERITUS | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| ALBERT PISCOPO | |||||||||
| TRUSTEE EMERITUS | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| ROBERT POLLACK | |||||||||
| TRUSTEE EMERITUS | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| AMANDA W SMOOT | |||||||||
| TRUSTEE EMERITA | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| KRISTEN B LODEN | |||||||||
| Senior Vice President of Advancement | 35.00 | 0.00 | $277,299 | $0 | $39,107 | Yes (X) | |||
| PAUL J BRYAN | |||||||||
| Dean of Faculty and Students | 35.00 | 0.00 | $158,990 | $0 | $6,935 | Yes (X) | |||
| Charles Sterne III | |||||||||
| Director of Principal Gifts and Planned Giving | 35.00 | 0.00 | $134,584 | $0 | $37,705 | Yes (X) | |||
| David Ludwig | |||||||||
| Artistic Advisor to the President | 35.00 | 0.00 | $130,795 | $0 | $22,630 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,318,681 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $189,456 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 5 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt | Address Line1ContractorAddress/ForeignAddress/AddressLine1Txt | CityContractorAddress/ForeignAddress/CityNm | CountryContractorAddress/ForeignAddress/CountryCd | Foreign PostalContractorAddress/ForeignAddress/ForeignPostalCd |
|---|---|---|---|---|---|---|---|---|---|
| PARKHURST DINING SERVICS | |||||||||
| PO BOX 644091 | PITTSBURGH | PA | 15264 | CAFETERIA SERVICES | $761,667 | ||||
| ALLIED UNIVERSAL | |||||||||
| 161 WASHINGTON STREET SUITE 600 | CONSHOHOCKEN | PA | 19428 | SECURITY SERVICES | $511,807 | ||||
| SYMPHONY TOURS | |||||||||
| TOURING SERVICES | $454,560 | C/PALOS DE LA FRONTERA 32-1 A | MADRID | SP | 28045 | ||||
| ELLIOT LEWIS CORPORATION | |||||||||
| 2900 BLACK LAKE PLACE | PHILADELPHIA | PA | 19154 | MAINTENANCE SERVICES | $426,724 | ||||
| PHILADELPHIA ORCHESTRA ASSOCIATION | |||||||||
| 1 SOUTH BROAD ST 14TH FLOOR | PHILADELPHIA | PA | 19107 | IT SERVICES | $295,781 | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 10 | CntrctRcvdGreaterThan100KCnt |
| Info In Schedule O Part VIII | Yes (X) | InfoInScheduleOPartVIIIInd |
| Fundraising | $459,500 | FundraisingAmt |
| Related Organizations | $4,298,844 | RelatedOrganizationsAmt |
| Government Grants | $91,233 | GovernmentGrantsAmt |
| All Other Contributions | $14,303,740 | AllOtherContributionsAmt |
| Noncash Contributions | $1,179,390 | NoncashContributionsAmt |
| Total Contributions | $19,153,317 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| DORMITORY REVENUE | 611710 | $1,605,401 | $1,605,401 |
| STUDENT FEES | 611710 | $744,694 | $744,694 |
| CONCERT INCOME | 711130 | $496,992 | $496,992 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $2,847,087 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,839,585 | TotalRevenueColumnAmt |
| Exclusion | $2,839,585 | ExclusionAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $4,863 | TotalRevenueColumnAmt |
| Exclusion | $4,863 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $69,767 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $57,725 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $12,042 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $12,042 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | -$25,750 | UnrelatedBusinessRevenueAmt |
| Exclusion | $37,792 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $24,123,807 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $19,580,025 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $4,543,782 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $4,543,782 | TotalRevenueColumnAmt |
| Exclusion | $4,543,782 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $40,500 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $459,500 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $86,679 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$46,179 | TotalRevenueColumnAmt |
| Exclusion | -$46,179 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | ExclusionExclusionAmt |
|---|---|---|---|
| ADMINISTRATIVE FEE MLCB | 561000 | $42,000 | $42,000 |
| school store | 453000 | $1,476 | $1,476 |
| VENDING MACHINE INCOME | 900099 | $363 | $363 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $12 | TotalRevenueColumnAmt |
| Exclusion | $12 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $43,851 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $29,398,348 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $2,847,087 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | -$25,750 | UnrelatedBusinessRevenueAmt |
| Exclusion | $7,423,694 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $882,125 | TotalAmt |
| Program Services | $882,125 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,276,584 | TotalAmt |
| Program Services | $286,920 | ProgramServicesAmt |
| Management And General | $498,502 | ManagementAndGeneralAmt |
| Fundraising | $491,162 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,813,687 | TotalAmt |
| Program Services | $4,676,467 | ProgramServicesAmt |
| Management And General | $984,165 | ManagementAndGeneralAmt |
| Fundraising | $1,153,055 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $538,520 | TotalAmt |
| Program Services | $369,605 | ProgramServicesAmt |
| Management And General | $77,784 | ManagementAndGeneralAmt |
| Fundraising | $91,131 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $723,328 | TotalAmt |
| Program Services | $496,445 | ProgramServicesAmt |
| Management And General | $104,477 | ManagementAndGeneralAmt |
| Fundraising | $122,406 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $565,824 | TotalAmt |
| Program Services | $388,344 | ProgramServicesAmt |
| Management And General | $81,727 | ManagementAndGeneralAmt |
| Fundraising | $95,753 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $83,249 | TotalAmt |
| Management And General | $83,249 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $71,027 | TotalAmt |
| Management And General | $71,027 | ManagementAndGeneralAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $197,409 | TotalAmt |
| Fundraising | $197,409 | FundraisingAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $723,943 | TotalAmt |
| Management And General | $723,943 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $625,925 | TotalAmt |
| Program Services | $467,228 | ProgramServicesAmt |
| Management And General | $72,527 | ManagementAndGeneralAmt |
| Fundraising | $86,170 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $95,715 | TotalAmt |
| Management And General | $87,708 | ManagementAndGeneralAmt |
| Fundraising | $8,007 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $463,976 | TotalAmt |
| Program Services | $86,487 | ProgramServicesAmt |
| Management And General | $117,852 | ManagementAndGeneralAmt |
| Fundraising | $259,637 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $498,237 | TotalAmt |
| Program Services | $84,638 | ProgramServicesAmt |
| Management And General | $413,599 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $313,485 | TotalAmt |
| Program Services | $299,680 | ProgramServicesAmt |
| Management And General | $5,178 | ManagementAndGeneralAmt |
| Fundraising | $8,627 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $514,398 | TotalAmt |
| Program Services | $401,801 | ProgramServicesAmt |
| Management And General | $81,504 | ManagementAndGeneralAmt |
| Fundraising | $31,093 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $71,870 | TotalAmt |
| Program Services | $65,402 | ProgramServicesAmt |
| Management And General | $2,875 | ManagementAndGeneralAmt |
| Fundraising | $3,593 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,498,726 | TotalAmt |
| Program Services | $2,295,299 | ProgramServicesAmt |
| Management And General | $90,412 | ManagementAndGeneralAmt |
| Fundraising | $113,015 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $302,854 | TotalAmt |
| Program Services | $281,656 | ProgramServicesAmt |
| Management And General | $9,421 | ManagementAndGeneralAmt |
| Fundraising | $11,777 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| SCHOOL OPERATION AND MA | $2,305,593 | $2,244,552 | $27,129 | $33,912 |
| INSTRUCTIONAL EXPENSES | $2,049,036 | $1,986,589 | $62,447 | |
| ARTISTIC PROGRAMS | $1,840,456 | $1,840,456 | ||
| SUMMERFEST PROGRAM | $338,056 | $338,056 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $142,993 | TotalAmt |
| Fundraising | $142,993 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $23,937,016 | TotalAmt |
| Program Services | $17,491,750 | ProgramServicesAmt |
| Management And General | $3,595,526 | ManagementAndGeneralAmt |
| Fundraising | $2,849,740 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $387,823 | BOYAmt |
| EOY | $440,908 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,461,216 | BOYAmt |
| EOY | $213,608 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $57,428,105 | BOYAmt |
| EOY | $57,122,030 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $41,836 | BOYAmt |
| EOY | $315,540 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $767,962 | BOYAmt |
| EOY | $749,697 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $223,547 | BOYAmt |
| EOY | $211,433 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $112,607,419 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $24,909,683 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $89,447,040 | BOYAmt |
| EOY | $87,697,736 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $97,435,269 | BOYAmt |
| EOY | $125,749,587 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $34,613,604 | BOYAmt |
| EOY | $24,260,023 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,181,856 | BOYAmt |
| EOY | $2,323,022 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $283,988,258 | BOYAmt |
| EOY | $299,083,584 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,057,280 | BOYAmt |
| EOY | $1,519,197 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $866,718 | BOYAmt |
| EOY | $814,821 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,063,970 | BOYAmt |
| EOY | $2,160,852 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $465,579 | BOYAmt |
| EOY | $465,579 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,276,665 | BOYAmt |
| EOY | $2,105,162 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,730,212 | BOYAmt |
| EOY | $7,065,611 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $127,238,759 | BOYAmt |
| EOY | $129,136,020 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $23,230,674 | BOYAmt |
| EOY | $27,906,681 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $124,788,613 | BOYAmt |
| EOY | $134,975,272 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $275,258,046 | BOYAmt |
| EOY | $292,017,973 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $283,988,258 | BOYAmt |
| EOY | $299,083,584 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $5,461,332 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $11,298,595 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Art Public Exhibition Amounts ArtPublicExhibitionAmountsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Assets Included | $6,025,735 | AssetsIncludedAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collection Used Pub Exhibition | Yes (X) | CollectionUsedPubExhibitionInd |
| Coll Used Loan Or Exch Prog | Yes (X) | CollUsedLoanOrExchProgInd |
Collection Used Other Purposes CollectionUsedOtherPurposesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collection Used Other Purposes | Yes (X) | CollectionUsedOtherPurposesInd |
| Other Purposes | MUSICAL EDUCATION OF STUDEN | OtherPurposesDesc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Solicited Assets Sale | 0 | SolicitedAssetsSaleInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $132,048,873 | BeginningYearBalanceAmt |
| Contributions | $6,512,456 | ContributionsAmt |
| Investment Earnings Or Losses | $18,682,856 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $7,234,574 | OtherExpendituresAmt |
| End Year Balance | $150,009,611 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $128,727,907 | BeginningYearBalanceAmt |
| Contributions | $13,843,929 | ContributionsAmt |
| Investment Earnings Or Losses | -$4,475,823 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $6,047,140 | OtherExpendituresAmt |
| End Year Balance | $132,048,873 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $122,669,065 | BeginningYearBalanceAmt |
| Contributions | $6,239,500 | ContributionsAmt |
| Investment Earnings Or Losses | $5,407,128 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $5,587,786 | OtherExpendituresAmt |
| End Year Balance | $128,727,907 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $108,797,008 | BeginningYearBalanceAmt |
| Contributions | $6,035,970 | ContributionsAmt |
| Investment Earnings Or Losses | $13,135,655 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $5,299,568 | OtherExpendituresAmt |
| End Year Balance | $122,669,065 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $90,928,866 | BeginningYearBalanceAmt |
| Contributions | $8,038,336 | ContributionsAmt |
| Investment Earnings Or Losses | $14,866,431 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $5,036,625 | OtherExpendituresAmt |
| End Year Balance | $108,797,008 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.06530 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.56610 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.36860 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $13,848,261 | OtherCostOrOtherBasisAmt |
| Book Value | $13,848,261 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $79,434,097 | OtherCostOrOtherBasisAmt |
| Depreciation | $16,004,286 | DepreciationAmt |
| Book Value | $63,429,811 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $13,299,326 | OtherCostOrOtherBasisAmt |
| Depreciation | $8,905,397 | DepreciationAmt |
| Book Value | $4,393,929 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $6,025,735 | OtherCostOrOtherBasisAmt |
| Book Value | $6,025,735 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $87,697,736 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | VANGUARD INSTITUTIONAL INDEX | Desc |
| Book Value | $24,260,023 | BookValueAmt |
| Method Valuation | F | MethodValuationCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $24,260,023 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| SPLIT-INTEREST LIABILITIES | $1,972,426 |
| TERI STUDENT LOAN RESERVE | $122,528 |
| OTHER LIABILITIES | $10,208 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $2,105,162 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $40,075,856 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $11,298,595 | NetUnrealizedGainsInvstAmt |
| Donated Services And Use Fclts | $2,236 | DonatedServicesAndUseFcltsAmt |
| Other Revenue | $144,404 | OtherRevenueAmt |
| Revenue Not Reported | $11,445,235 | RevenueNotReportedAmt |
| Revenue Subtotal | $28,630,621 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $723,527 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | $44,200 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $767,727 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $29,398,348 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $23,315,929 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $2,236 | DonatedServicesUseFcltsAmt |
| Other Expenses Included | $144,404 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $146,640 | ExpensesNotReportedAmt |
| Expenses Subtotal | $23,169,289 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $723,527 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $44,200 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $767,727 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $23,937,016 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part III, Line 4: | THE INSTITUTE'S COLLECTIONS CONSIST OF FINE ART AND FINE MUSICAL INSTRUMENTS WHICH ARE USED FOR PUBLIC EXHIBITION AND/OR THE MUSICAL EDUCATION OF THE INSTITUTE'S STUDENTS. |
| Part V, Line 4: | EARNINGS FROM THE ENDOWMENT ARE USED TO FUND OPERATING EXPENSES AND CAPITAL EXPENDITURES FOR THE CURTIS INSTITUTE OF MUSIC TO ENABLE THE SCHOOL TO CONTINUE ITS POLICY OF AWARDING MERIT BASED FULL TUITION SCHOLARSHIPS TO ALL OF ITS STUDENTS. THE USES OF THE INSTITUTE'S ENDOWMENT FUNDS ARE DETERMINED BY DONOR INSTRUCTIONS IN THE EVENT THERE ARE RESTRICTIONS ON THE ENDOWMENT GIFT. |
| Part X, Line 2: | THE INSTITUTE IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. TAX FILINGS FOR FISCAL 2014, 2015 AND 2016 ARE SUBJECT TO EXAMINATION, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. |
| Part XI, Line 2d - Other Adjustments: | ubi rental expense 57,725. fundraising expense 86,679. |
| Part XI, Line 4b - Other Adjustments: | miscellaneous 42,000. STUDENT AID FEES 2,200. |
| Part XII, Line 2d - Other Adjustments: | fundraising event expenses 86,679. ubi rental expense 57,725. |
| Part XII, Line 4b - Other Adjustments: | miscellaneous 42,000. STUDENT AID FEES 2,200. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | 0 | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (1) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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 RECIEVE FEDERAL AID IN THE FORM OF PELL GRANTS AND STAFFORD LOANS. |
Schedule F IRS990ScheduleF
Account Activities Outside US AccountActivitiesOutsideUSGrp (3 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Specific Services ProvidedSpecificServicesProvidedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|---|
| Central America and the Caribbean | 0 | 0 | INVESTMENTS | N/A | $18,694,125 |
| Europe (Including Iceland & Greenland) | 0 | 0 | INVESTMENTS | N/A | $4,075,479 |
| East Asia and the Pacific | 0 | 0 | INVESTMENTS | N/A | $2,395,904 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 0 | SubtotalEmployeesCnt |
| Continutation Total Office | 0 | ContinutationTotalOfficeCnt |
| Continutation Total Employee | 0 | ContinutationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Subtotal Spent | $25,165,508 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $25,165,508 | TotalSpentAmt |
| Transfer To Foreign Corp | 0 | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | 0 | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | 0 | PassiveForeignInvestmestCoInd |
| Foreign Partnership | 0 | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Mail Solicitations | Yes (X) | MailSolicitationsInd |
| Email Solicitations | Yes (X) | EmailSolicitationsInd |
| Phone Solicitations | Yes (X) | PhoneSolicitationsInd |
| In Person Solicitations | Yes (X) | InPersonSolicitationsInd |
| Solicitation Of Non Govt Grants | Yes (X) | SolicitationOfNonGovtGrantsInd |
| Solicitation Of Govt Grants | Yes (X) | SolicitationOfGovtGrantsInd |
| Special Fundraising Events | Yes (X) | SpecialFundraisingEventsInd |
| Agrmt Prof Fundraising Acty | Yes (1) | AgrmtProfFundraisingActyInd |
Fundraiser Activity Info FundraiserActivityInfoGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | ActivityActivityTxt | Fundraiser Control Of FundsFundraiserControlOfFundsInd | Gross ReceiptsGrossReceiptsAmt | Retained By ContractorRetainedByContractorAmt | Net To OrganizationNetToOrganizationAmt |
|---|---|---|---|---|---|---|---|---|
| GRENZEBACH GLIER AND ASSOCIATES | ||||||||
| 401 N MICHIGAN AVENUE | CHICAGO | IL | 60611 | PROVIDES FUNDRAISING ANALYTICS | 0 | $0 | $82,350 | $0 |
| KARMA AGENCY | ||||||||
| 230 SOUTH BROAD ST SUITE 1500 | PHILADELPHIA | PA | 19102 | PROVIDES CAMPAIGN-RELATED RESOURCES | 0 | $0 | $115,059 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Retained By Contractors | $197,409 | TotalRetainedByContractorsAmt |
| Licensed States | AL | LicensedStatesCd |
| Licensed States | AK | LicensedStatesCd |
| Licensed States | AR | LicensedStatesCd |
| Licensed States | CA | LicensedStatesCd |
| Licensed States | CO | LicensedStatesCd |
| Licensed States | CT | LicensedStatesCd |
| Licensed States | FL | LicensedStatesCd |
| Licensed States | GA | LicensedStatesCd |
| Licensed States | HI | LicensedStatesCd |
| Licensed States | IL | LicensedStatesCd |
| Licensed States | KS | LicensedStatesCd |
| Licensed States | KY | LicensedStatesCd |
| Licensed States | LA | LicensedStatesCd |
| Licensed States | ME | LicensedStatesCd |
| Licensed States | MD | LicensedStatesCd |
| Licensed States | MA | LicensedStatesCd |
| Licensed States | MI | LicensedStatesCd |
| Licensed States | MN | LicensedStatesCd |
| Licensed States | MO | LicensedStatesCd |
| Licensed States | MS | LicensedStatesCd |
| Licensed States | NH | LicensedStatesCd |
| Licensed States | NJ | LicensedStatesCd |
| Licensed States | NM | LicensedStatesCd |
| Licensed States | NY | LicensedStatesCd |
| Licensed States | NC | LicensedStatesCd |
| Licensed States | ND | LicensedStatesCd |
| Licensed States | OH | LicensedStatesCd |
| Licensed States | OK | LicensedStatesCd |
| Licensed States | OR | LicensedStatesCd |
| Licensed States | PA | LicensedStatesCd |
| Licensed States | RI | LicensedStatesCd |
| Licensed States | SC | LicensedStatesCd |
| Licensed States | TN | LicensedStatesCd |
| Licensed States | UT | LicensedStatesCd |
| Licensed States | VA | LicensedStatesCd |
| Licensed States | WA | LicensedStatesCd |
| Licensed States | WV | LicensedStatesCd |
| Licensed States | WI | LicensedStatesCd |
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | ANNUAL GALA EVENT | Event1Nm |
| Gross Receipts Event1 | $500,000 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $459,500 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $40,500 | GrossRevenueEvent1Amt |
| Rent Facility Costs Event1 | $9,748 | RentFacilityCostsEvent1Amt |
| Food And Beverage Event1 | $50,789 | FoodAndBeverageEvent1Amt |
| Other Direct Expenses Event1 | $26,142 | OtherDirectExpensesEvent1Amt |
| Gross Receipts Total | $500,000 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $459,500 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $40,500 | GrossRevenueTotalEventsAmt |
| Rent Fclty Costs Total Events | $9,748 | RentFcltyCostsTotalEventsAmt |
| Food And Beverage Total Events | $50,789 | FoodAndBeverageTotalEventsAmt |
| Oth Direct Expnss Total Events | $26,142 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $86,679 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$46,179 | NetIncomeSummaryAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule G, Part I, Line 2b, Column (v) | FormAndLineReferenceDesc |
| Explanation | GRENZEBACH GLIER AND ASSOCIATES performs advisory services in relation to our ongoing fundraising campaign, with respect to global prospect development and constituent asset profiles. Karma Agency provides a creation of deliverables in relation to campaign-related engagements and fundraising materials. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | NEED BASED ASSISTANCE TO STUDENTS | GrantTypeTxt |
| Recipient | 124 | RecipientCnt |
| Cash Grant | $416,375 | CashGrantAmt |
| Non Cash Assistance | $465,750 | NonCashAssistanceAmt |
| Valuation Method Used | BOOK VALUE | ValuationMethodUsedDesc |
| Non Cash Assistance | DORMITORY AND CAFETERIA PRIVELEGES | NonCashAssistanceDesc |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Line 2: | FormAndLineReferenceDesc |
| Explanation | 1. 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). 2. 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. 3. 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's 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.) 4. Supplemental financial assistance for students attending The Curtis Institute of Music is awarded in the following sequence: Pell grants, loans, on-campus employment, lab/opera orchestra, Curtis supplemental grants. 5. Students who require supplemental financial assistance for living expenses are expected to contribute to their own educational financing by taking low-interest loans. Accordingly, loans are the next level of funding after Pell grants to be awarded in a financial assistance package. 6. 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. 7. 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. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| First Class Or Charter Travel | Yes (X) | FirstClassOrCharterTravelInd |
| Written Policy Ref T And E Expnss | 0 | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | 0 | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (5 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROBERTO DIAZ | ||||||||||||||
| PRESIDENT/TRUSTEE | $497,083 | $0 | $0 | $0 | $0 | $0 | $23,833 | $0 | $52,524 | $0 | $573,440 | $0 | $0 | $0 |
| KRISTEN B LODEN | ||||||||||||||
| Senior Vice President of Advancement | $277,299 | $0 | $0 | $0 | $0 | $0 | $20,837 | $0 | $18,270 | $0 | $316,406 | $0 | $0 | $0 |
| PAUL J BRYAN | ||||||||||||||
| Dean of Faculty and Students | $158,990 | $0 | $0 | $0 | $0 | $0 | $6,755 | $0 | $180 | $0 | $165,925 | $0 | $0 | $0 |
| Charles Sterne III | ||||||||||||||
| Director of Principal Gifts and Plan | $134,584 | $0 | $0 | $0 | $0 | $0 | $11,419 | $0 | $26,286 | $0 | $172,289 | $0 | $0 | $0 |
| David Ludwig | ||||||||||||||
| Artistic Advisor to the President | $130,795 | $0 | $0 | $0 | $0 | $0 | $17,650 | $0 | $4,980 | $0 | $153,425 | $0 | $0 | $0 |
Schedule M IRS990ScheduleM
Works Of Art WorksOfArtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 7 | ContributionCnt |
| Noncash Contributions Rpt F990 | $1 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | unappraised value | MethodOfDeterminingRevenuesTxt |
Books And Publications BooksAndPublicationsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Noncash Contributions Rpt F990 | $1 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | OTHER | MethodOfDeterminingRevenuesTxt |
Clothing And Household Goods ClothingAndHouseholdGoodsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Noncash Contributions Rpt F990 | $1 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | OTHER | MethodOfDeterminingRevenuesTxt |
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 39 | ContributionCnt |
| Noncash Contributions Rpt F990 | $813,315 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | MARKET VALUE | MethodOfDeterminingRevenuesTxt |
Secur Prtnrshp Trust Intrsts SecurPrtnrshpTrustIntrstsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 1 | ContributionCnt |
| Noncash Contributions Rpt F990 | $14,000 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | MARKET VALUE | MethodOfDeterminingRevenuesTxt |
Collectibles CollectiblesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 9 | ContributionCnt |
| Noncash Contributions Rpt F990 | $335,800 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | APPRAISED VALUE | MethodOfDeterminingRevenuesTxt |
Other Non Cash Contri Table OtherNonCashContriTableGrp (2 entries)
| Non Cash CheckboxNonCashCheckboxInd | DescDesc | ContributionContributionCnt | Noncash Contributions Rpt F990NoncashContributionsRptF990Amt | Method Of Determining RevenuesMethodOfDeterminingRevenuesTxt |
|---|---|---|---|---|
| Yes (X) | concert catering and rentals | 2 | $15,525 | appraised value |
| Yes (X) | website credit | 1 | $750 | market value |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 0 | Form8283ReceivedCnt |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Column (b): | FormAndLineReferenceDesc |
| Explanation | THE CURTIS INSTITUTE OF MUSIC RECEIVED SEVEN SEPARATE CONTRIBUTIONS OF ART DURING THE YEAR. THE ART HAS NOT BEEN APPRAISED. THE CURTIS INSTITUTE OF MUSIC RECEIVED THIRTY-NINE SEPARATE CONTRIBUTIONS OF SECURITIES-PUBLICALLY TRADED STOCKS DURING THE YEAR. THE STOCKS HAD A MARKET VALUE OF $813,315. 100 shs INTERNATIONAL BUSINESS MACHS 100 shs SCHLUMBERGER LTD 107 shares of Time Warner Inc 153 shs of 3M COMPANY 17.5 shs of ALPHABET INC 200 shs AMERICAN EXPRESS CO 200 shs BRISTOL MYERS SQUIBB CO 200 shs CAMPBELL SOUP CO 200 shs of PORSCHE AUTOMOBIL HOLDING Se 200 shs WHOLE FOODS MKT INC 200 shs WILLIAMS SONOMA INC 225 shs Morgan Stanley EM Fund Class I 300 shs DIAGEO PLC SPONSORED ADR 300 shs KOHLS CORP 300 shs MACY'S INC 300 shs PFIZER INC 300 shs RH 300 shs SHAKE SHACK INC - CLASS A 300 shs WORLD FUEL SVCS CORP 309 shares of iShares Russell 1000 Value 320 shs of STAMPS.COM INC 325 shares of Bank New York Mellon Corp 325 shs of VISA INC 38 shares of Clorox Co 400 shs INTEL CORP 400 shs MOBILEYE NV 400 shs NORDSTROM INC 400 shs SCHWEITZER MAUDUIT INTL INC 500 shs ABBOTT LABORATORIES INC 500 shs CISCO SYSTEMS INC 500 shs FINISAR CORPORATION 53.5 shs of ALPHABET INC 600 shs MATTEL INC 600 shs TWENTY-FIRST CENTURY-CL A-WI 63.25 shares of Amazon Com Inc 67.75 shares of Amazon Com Inc 695 shs of Apple Inc 8686 shs FEDERATED US TRES CSH RSV-IS 900 shs CARLYLE GROUP LP THE CURTIS INSTITUTE OF MUSIC RECEIVED 1.75% INTEREST IN GTA PARTNERSHIP LTD. THE CURTIS INSTITUTE OF MUSIC RECEIVED NINE SEPARATE CONTRIBUTIONS OF MUSICAL INSTRUMENTS DURING THE YEAR. THE FINE MUSICAL INSTRUMENTS HAD AN APPRAISED VALUE OF $335,800. AND CONSISTED OF ONE BASS, TWO CELLO BOWS, ONE DOUBLE HORN, ONE HARP, ONE HARPISCHORD, FOUR PIANOS, AND ONE VIOLIN WITH THREE BOWS. THE CURTIS INSTITUTE OF MUSIC RECEIVED ONE WEBSITE CREDIT DURING THE YEAR. THE CREDIT HAS A MARKET VALUE OF $750. THE CURTIS INSTITUTE OF MUSIC RECEIVED TWO CONTRIBUTIONS OF CONCERT AND CATERING RENTALS DURING THE YEAR. THE CONTRIBUTIONS HAVE AN APPRAISED VALUE OF $15,525. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Section A, line 2 | FAMILY RELATIONSHIP - MILTON ROCK ROBERT ROCK |
| Form 990, Part VI, Section A, line 4 | The organization restated the corporate bylaws, which were ratified by the Board of Trustees on December 8, 2016. |
| 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 whether 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, as appropriate) shall record the names of the persons who were found to have an actual or potential conflict of interest, the nature of the conflict, 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 Offices. |
| 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 1 | During the year ended May 31, 2017, Management changed their estimate of uncollectible unconditional promises to give which resulted in a decrease in the reserve and increase to contribution revenue of approximately $8,000,000. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MARY LOUISE CURTIS BOK FOUNDATION | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1726 LOCUST STREET | AddressLine1Txt |
| City | PHILADELPHIA | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19103 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 236000615 | EIN |
| Primary Activities | FOUNDATION TO SUPPORT CURTIS INSTITUTE OF MUSIC | PrimaryActivitiesTxt |
| Legal Domicile State | PA | LegalDomicileStateCd |
| Exempt Code Section | 501(c)(3) | ExemptCodeSectionTxt |
| Public Charity Status | Line 12d, III-O | PublicCharityStatusTxt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE CURTIS INSTITUTE OF MUSIC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Organization | Yes (1) | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | Yes (1) | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (1) | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | Yes (1) | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp
Other Organization Name OtherOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE MARY LOUISE CURTIS BOK FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transaction Type | C | TransactionTypeTxt |
| Involved | $4,298,844 | InvolvedAmt |
| Method Of Amount Determination | CASH | MethodOfAmountDeterminationTxt |