The Boston Conservatory: Form 990, tax year 2013
View the entire original 990 at ProPublica ↗
- Organization
- The Boston Conservatory (EIN 04-2126597)
- Tax period
- 2013-07-01 to 2014-06-30
- Filed
- 2015-02-16
- IRS object ID
- 201530479349301248
- Schema version
- 2013v4.0
- 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 G
- Schedule I
- Schedule J
- Schedule K
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2015-02-16T12:24:22-06:00 | ReturnTs |
| Tax Period End | 2014-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 010523282 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Berry Dunn McNeil & Parker LLC | BusinessNameLine1 |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 1100 | AddressLine1 |
| City | Portland | City |
| State | ME | State |
| ZIP Code | 041041100 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2013-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 042126597 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Boston Conservatory | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | BOST | BusinessNameControlTxt |
| Phone | 6175366340 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8 The Fenway | AddressLine1 |
| City | Boston | City |
| State | MA | State |
| ZIP Code | 02215 | ZIPCode |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Richard Ortner | PersonNm |
| Person Title | President | PersonTitleTxt |
| Phone | 6175366340 | PhoneNum |
| Signature | 2015-02-12 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Barbara J McGuan CPA | PreparerPersonNm |
| PTIN | P00219457 | PTIN |
| Phone | 2077752387 | PhoneNum |
| Preparation | 2015-02-12 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2013 | TaxYr |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | Richard Ortner | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8 The Fenway | AddressLine1 |
| City | Boston | City |
| State | MA | State |
| ZIP Code | 02215 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $40,898,977 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | bostonconservatory.edu | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1927 | FormationYr |
| Legal Domicile State | MA | LegalDomicileStateCd |
| Activity Or Mission | Conservatory of music, dance and music theatre | ActivityOrMissionDesc |
| Voting Members Governing Body | 24 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 23 | VotingMembersIndependentCnt |
| Total Employee | 836 | TotalEmployeeCnt |
| Total Volunteers | 100 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $2,768,573 | PYContributionsGrantsAmt |
| CY Contributions Grants | $3,406,807 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $33,147,752 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $35,680,143 | CYProgramServiceRevenueAmt |
| PY Investment Income | $753,917 | PYInvestmentIncomeAmt |
| CY Investment Income | $1,029,413 | CYInvestmentIncomeAmt |
| PY Other Revenue | -$268 | PYOtherRevenueAmt |
| CY Other Revenue | $113,502 | CYOtherRevenueAmt |
| PY Total Revenue | $36,669,974 | PYTotalRevenueAmt |
| CY Total Revenue | $40,229,865 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $9,036,948 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $9,840,618 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $14,504,410 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $15,688,561 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $44,240 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $46,495 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $1,153,251 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $8,878,585 | PYOtherExpensesAmt |
| CY Other Expenses | $9,286,484 | CYOtherExpensesAmt |
| PY Total Expenses | $32,464,183 | PYTotalExpensesAmt |
| CY Total Expenses | $34,862,158 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $4,205,791 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $5,367,707 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $54,997,089 | TotalAssetsBOYAmt |
| Total Assets EOY | $71,334,555 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $23,670,945 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $34,845,096 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $31,326,144 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $36,489,459 | NetAssetsOrFundBalancesEOYAmt |
| Mission | To educate exceptional performing artists for careers that enrich and transform the human experience by using skills, creativity and courage nourished in our vibrant multi-disciplinary community of musicians, dancers and actors. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $28,014,620 | ExpenseAmt |
| Grant | $9,840,618 | GrantAmt |
| Revenue | $35,680,143 | RevenueAmt |
| Desc | A conservatory of music, dance and music theatre, serving over 750 students, offering degrees of bachelor of music, bachelor of fine arts, and master of music and music education. | Desc |
| Total Program Service Expenses | $28,014,620 | 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 | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (1) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | 0 | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | 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 | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| 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 | 236 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 836 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| 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 | 24 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 23 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | 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 | 0 | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | MA | 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 | Eric Norman VP for Finance and Planning | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6175366340 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8 The Fenway | AddressLine1 |
| City | Boston | City |
| State | MA | State |
| ZIP Code | 02215 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionAGrp (33 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | OfficerOfficerInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| Alfred D Houston | ||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Anthony Pangaro | ||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| BJ Krintzman Esq | ||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Charlotte Prescott Newton | ||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Christopher D Perry | ||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Cynthia K Curme | ||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Darius Sidebotham | ||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| David Kastner | ||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| David Scott Sloan Esq | ||||||||
| Chairman | 1.00 | Yes (X) | $0 | $0 | $0 | 0.20 | Yes (X) | |
| Davi-Ellen Chabner | ||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Dr Diana Dohrmann | ||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Elizabeth Boveroux | ||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Gail S Flatto | ||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Gary Mikula | ||||||||
| Past Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| George C White | ||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Gregory Bulger | ||||||||
| Treasurer | 1.00 | Yes (X) | $0 | $0 | $0 | 0.20 | Yes (X) | |
| Janet Sharp Kershaw | ||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Joseph C McNay | ||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Kelly C McKernan | ||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Kirk Ramsauer | ||||||||
| Past Treasurer | 1.00 | Yes (X) | $0 | $0 | $0 | 0.20 | Yes (X) | |
| Laura D Kunkemueller | ||||||||
| Vice Chair | 1.00 | Yes (X) | $0 | $0 | $0 | 0.20 | Yes (X) | |
| Lyle J Micheli MD | ||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Marillyn Zacharis | ||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Mimi Hewlett | ||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Peter J Wender | ||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Richard Ortner | ||||||||
| President | 34.80 | Yes (X) | $347,021 | $0 | $18,199 | 0.20 | Yes (X) | |
| Joseph Edwards | ||||||||
| Clerk | 35.00 | $95,245 | $0 | $13,369 | Yes (X) | |||
| Eric Norman | ||||||||
| VP for Finance and Planning | 34.80 | $205,732 | $0 | $28,454 | 0.20 | Yes (X) | ||
| Patricia Hoy | ||||||||
| VP of Academic Affairs | 35.00 | $175,011 | $0 | $18,082 | 0.00 | Yes (X) | ||
| Neil Donohoe | ||||||||
| Director of MT | 35.00 | $112,278 | $0 | $14,527 | 0.00 | Yes (X) | ||
| Carmen Griggs | ||||||||
| VP Adm/Dean of Students | 35.00 | $110,864 | $0 | $14,426 | 0.00 | Yes (X) | ||
| Catherine Young | ||||||||
| Director of Dance | 35.00 | $102,545 | $0 | $22,083 | 0.00 | Yes (X) | ||
| Robert Xavier | ||||||||
| Director of IT | 35.00 | $102,147 | $0 | $22,205 | 0.00 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,250,843 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $151,345 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 15 | 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/AddressLine1 | CityContractorAddress/USAddress/City | StateContractorAddress/USAddress/State | ZIP CodeContractorAddress/USAddress/ZIPCode | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| Shawmut Design & Construction | |||||
| 500 Harrison Ave | Boston | MA | 02218 | General Contractor | $2,451,873 |
| Consigli Construction Co | |||||
| 72 Summer Street | Milford | MA | 01757 | General Contractor | $427,227 |
| Longwood Security Services Inc | |||||
| 429 Newbury Street | Boston | MA | 02115 | Security | $305,206 |
| Utile Inc | |||||
| 50 Summer Street | Boston | MA | 02110 | Architect | $229,558 |
| Ellucian Company LP | |||||
| 62578 Collections Center Drive | Chicago | IL | 60693 | ERP Consultant | $135,328 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 5 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $261,108 | FundraisingAmt |
| All Other Contributions | $3,145,699 | AllOtherContributionsAmt |
| Noncash Contributions | $144,505 | NoncashContributionsAmt |
| Total Contributions | $3,406,807 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| Tuition and Fees | 611110 | $31,304,986 | $31,304,986 |
| Room & Board | 611110 | $3,261,254 | $3,261,254 |
| Performance & Programs | 611110 | $779,611 | $779,611 |
| Miscellaneous Income | 900099 | $334,292 | $334,292 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $35,680,143 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $365,340 | TotalRevenueColumnAmt |
| Exclusion | $365,340 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $110,484 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $110,484 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $110,484 | TotalRevenueColumnAmt |
| Exclusion | $110,484 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,266,103 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $602,030 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $664,073 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $664,073 | TotalRevenueColumnAmt |
| Exclusion | $664,073 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $70,100 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $261,108 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $67,082 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,018 | TotalRevenueColumnAmt |
| Exclusion | $3,018 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $40,229,865 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $35,680,143 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,142,915 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,840,618 | TotalAmt |
| Program Services | $9,840,618 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $736,909 | TotalAmt |
| Management And General | $736,909 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,319,649 | TotalAmt |
| Program Services | $10,419,732 | ProgramServicesAmt |
| Management And General | $1,256,976 | ManagementAndGeneralAmt |
| Fundraising | $642,941 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $444,032 | TotalAmt |
| Program Services | $383,652 | ProgramServicesAmt |
| Management And General | $36,687 | ManagementAndGeneralAmt |
| Fundraising | $23,693 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,277,762 | TotalAmt |
| Program Services | $1,059,901 | ProgramServicesAmt |
| Management And General | $152,369 | ManagementAndGeneralAmt |
| Fundraising | $65,492 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $910,209 | TotalAmt |
| Program Services | $729,879 | ProgramServicesAmt |
| Management And General | $135,293 | ManagementAndGeneralAmt |
| Fundraising | $45,037 | FundraisingAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $108,835 | TotalAmt |
| Management And General | $108,835 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $62,671 | TotalAmt |
| Management And General | $62,671 | ManagementAndGeneralAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $46,495 | TotalAmt |
| Fundraising | $46,495 | FundraisingAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $85,322 | TotalAmt |
| Management And General | $85,322 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,253,340 | TotalAmt |
| Program Services | $656,591 | ProgramServicesAmt |
| Management And General | $594,749 | ManagementAndGeneralAmt |
| Fundraising | $2,000 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $251,526 | TotalAmt |
| Program Services | $6,857 | ProgramServicesAmt |
| Management And General | $244,584 | ManagementAndGeneralAmt |
| Fundraising | $85 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $351,230 | TotalAmt |
| Program Services | $111,574 | ProgramServicesAmt |
| Management And General | $191,324 | ManagementAndGeneralAmt |
| Fundraising | $48,332 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $94,519 | TotalAmt |
| Program Services | $27,488 | ProgramServicesAmt |
| Management And General | $67,031 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,826,100 | TotalAmt |
| Program Services | $1,303,095 | ProgramServicesAmt |
| Management And General | $523,005 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $277,247 | TotalAmt |
| Program Services | $239,259 | ProgramServicesAmt |
| Management And General | $25,650 | ManagementAndGeneralAmt |
| Fundraising | $12,338 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $440,514 | TotalAmt |
| Management And General | $440,514 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,047,660 | TotalAmt |
| Program Services | $760,951 | ProgramServicesAmt |
| Management And General | $286,709 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $182,031 | TotalAmt |
| Program Services | $15 | ProgramServicesAmt |
| Management And General | $182,016 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| Food Services | $1,346,397 | $1,237,905 | $29,068 | $79,424 |
| Events | $671,487 | $601,049 | $20,452 | $49,986 |
| Miscellaneous | $562,226 | $344,315 | $182,859 | $35,052 |
| Repairs & Maintenance | $441,268 | $291,739 | $149,488 | $41 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $284,111 | TotalAmt |
| Management And General | $181,776 | ManagementAndGeneralAmt |
| Fundraising | $102,335 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $34,862,158 | TotalAmt |
| Program Services | $28,014,620 | ProgramServicesAmt |
| Management And General | $5,694,287 | ManagementAndGeneralAmt |
| Fundraising | $1,153,251 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,928,145 | BOYAmt |
| EOY | $4,455,030 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $770,066 | BOYAmt |
| EOY | $3,068,992 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,630,471 | BOYAmt |
| EOY | $1,669,607 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $127,270 | BOYAmt |
| EOY | $56,142 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $129,477 | BOYAmt |
| EOY | $148,910 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4 | BOYAmt |
| EOY | $13,091 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $169,884 | BOYAmt |
| EOY | $109,508 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $19,628,814 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $13,654,259 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,931,035 | BOYAmt |
| EOY | $5,974,555 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,045,390 | BOYAmt |
| EOY | $11,816,716 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $390,365 | BOYAmt |
| EOY | $376,741 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $32,874,982 | BOYAmt |
| EOY | $43,645,263 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $54,997,089 | BOYAmt |
| EOY | $71,334,555 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,922,905 | BOYAmt |
| EOY | $3,874,595 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,197,322 | BOYAmt |
| EOY | $1,310,786 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,500,348 | BOYAmt |
| EOY | $24,500,000 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $50,370 | BOYAmt |
| EOY | $5,159,715 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $23,670,945 | BOYAmt |
| EOY | $34,845,096 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $25,082,579 | BOYAmt |
| EOY | $29,752,169 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,375,700 | BOYAmt |
| EOY | $5,868,875 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $867,865 | BOYAmt |
| EOY | $868,415 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $31,326,144 | BOYAmt |
| EOY | $36,489,459 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $54,997,089 | BOYAmt |
| EOY | $71,334,555 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $5,367,707 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$109,375 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$95,017 | 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) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
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
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $7,858,972 | BeginningYearBalanceAmt |
| Contributions | $3,766 | ContributionsAmt |
| Investment Earnings Or Losses | $493,866 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $104,274 | OtherExpendituresAmt |
| End Year Balance | $8,252,330 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $6,195,050 | BeginningYearBalanceAmt |
| Contributions | $1,152,720 | ContributionsAmt |
| Investment Earnings Or Losses | $511,202 | InvestmentEarningsOrLossesAmt |
| End Year Balance | $7,858,972 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $5,367,232 | BeginningYearBalanceAmt |
| Contributions | $651,040 | ContributionsAmt |
| Investment Earnings Or Losses | $183,278 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $6,500 | OtherExpendituresAmt |
| End Year Balance | $6,195,050 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| End Year Balance | $5,367,232 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.89280 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.08560 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.02160 | 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 | $80,161 | OtherCostOrOtherBasisAmt |
| Book Value | $80,161 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $11,812,480 | OtherCostOrOtherBasisAmt |
| Depreciation | $8,127,790 | DepreciationAmt |
| Book Value | $3,684,690 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,164,959 | OtherCostOrOtherBasisAmt |
| Depreciation | $871,408 | DepreciationAmt |
| Book Value | $293,551 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $5,890,331 | OtherCostOrOtherBasisAmt |
| Depreciation | $4,602,277 | DepreciationAmt |
| Book Value | $1,288,054 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $680,883 | OtherCostOrOtherBasisAmt |
| Depreciation | $52,784 | DepreciationAmt |
| Book Value | $628,099 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $5,974,555 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (3 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| Realty Corporation Receivable | $2,634,503 |
| Leverage Loan Receivable and Interest | $22,055,075 |
| Projects Under Development | $18,955,685 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $43,645,263 | TotalBookValueOtherAssetsAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part V, Line 4: | A majority of The Conservatory's endowment funds are unrestricted board designated funds. |
| Part X, Line 2: | The standards for Accounting for Uncertainty in Income Taxes require the Organization to report any uncertain tax positions and to adjust their consolidated financial statements for the impact thereof. As of June 30, 2014 and 2013, the Organization determined that it had no tax positions that did not meet the "more-likely-than-not" threshold of being sustained by the applicable tax authority. The Organization files tax and information returns in the United States (Federal) and Massachusetts (State)jurisdictions. These returns are generally subject to examination by tax authorities for the last three years. |
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 | Yes (1) | 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 (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule E, Part I, Line 3 | See Part II |
| Schedule E, Line 3 | The Conservatory included a statement of its racially nondiscriminatory policy regarding students in all brochures and catalogs dealing with student admissions, programs and scholarships. Further, The Conservatory includes a reference to its racially nondiscriminatory policy in other written advertising used as a means of informing prospective students of its programs. |
| Schedule E, Line 6 | The Conservatory participates in the student financial assistance programs of the Department of Education and receives funds for the following programs: Federal Direct Student Loans Federal Work Study Federal Supplemental Educational Opportunity Grant Federal Pell Grant Aid from State agencies In addition to the above Federal Financial Aid programs, the Conservatory participates and receives state grants for its students from various states including: Massachusetts Vermont Pennsylvania |
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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Mary Giurleo | PersonNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5 Polar Bear Drive | AddressLine1 |
| City | Westford | City |
| State | MA | State |
| ZIP Code | 01886 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Activity | Grantswriter | ActivityTxt |
| Fundraiser Control Of Funds | 0 | FundraiserControlOfFundsInd |
| Gross Receipts | $342,625 | GrossReceiptsAmt |
| Retained By Contractor | $46,495 | RetainedByContractorAmt |
| Net To Organization | $296,130 | NetToOrganizationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Gross Receipts | $342,625 | TotalGrossReceiptsAmt |
| Total Retained By Contractors | $46,495 | TotalRetainedByContractorsAmt |
| Total Net To Organization | $296,130 | TotalNetToOrganizationAmt |
| Licensed States | MA | LicensedStatesCd |
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | Gala | NameOfEvent1Amt |
| Gross Receipts Event1 | $331,208 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $261,108 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $70,100 | GrossRevenueEvent1Amt |
| Rent Facility Costs Event1 | $3,680 | RentFacilityCostsEvent1Amt |
| Food And Beverage Event1 | $35,776 | FoodAndBeverageEvent1Amt |
| Entertainment Event1 | $8,908 | EntertainmentEvent1Amt |
| Other Direct Expenses Event1 | $18,718 | OtherDirectExpensesEvent1Amt |
| Gross Receipts Total | $331,208 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $261,108 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $70,100 | GrossRevenueTotalEventsAmt |
| Rent Fclty Costs Total Events | $3,680 | RentFcltyCostsTotalEventsAmt |
| Food And Beverage Total Events | $35,776 | FoodAndBeverageTotalEventsAmt |
| Entertainment Total Events | $8,908 | EntertainmentTotalEventsAmt |
| Oth Direct Expnss Total Events | $18,718 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $67,082 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | $3,018 | NetIncomeSummaryAmt |
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 | Institutional, Federal, State, Endowed and Other Scholarships | GrantTypeTxt |
| Recipient | 620 | RecipientCnt |
| Cash Grant | $0 | CashGrantAmt |
| Non Cash Assistance | $9,840,618 | NonCashAssistanceAmt |
| Valuation Method Used | FMV | ValuationMethodUsedDesc |
| Non Cash Assistance | Tuition Discounts | NonCashAssistanceDesc |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Line 2: | FormAndLineReferenceDesc |
| Explanation | Federal funds are monitored as follows: The Director of Financial Aid determines student eligibility for Pell, SEOG, FWS, and Federal loans. The Director of Financial Aid posts student awards into the integrated student record system. The Bursar prints and distributes the billing statement which lists Federal awards. The Director of Financial Aid draws down funding from the Federal website. The Director of Financial Aid and Bursar post the Federal funds to the student account in the student record system. The Senior Accountant reviews and posts the journal entry to record the cash receipt in the general ledger. The Director of Finance reviews and reconciles the student accounts receivable and all student related revenue from the general ledger to the billing system. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| 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 | Yes (1) | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | Yes (1) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (3 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Richard Ortner | ||||||||||||||
| President | $231,298 | $0 | $70,000 | $0 | $45,723 | $0 | $10,662 | $0 | $7,537 | $0 | $365,220 | $0 | $0 | $0 |
| Eric Norman | ||||||||||||||
| VP for Finance and Planning | $175,384 | $0 | $25,000 | $0 | $5,348 | $0 | $12,831 | $0 | $15,623 | $0 | $234,186 | $0 | $0 | $0 |
| Patricia Hoy | ||||||||||||||
| VP of Academic Affairs | $174,509 | $0 | $0 | $0 | $502 | $0 | $10,545 | $0 | $7,537 | $0 | $193,093 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part I, Line 1a | A housing allowance is provided to the President. The Board of Trustees voted to approve the amount of the housing allowance for the President. The housing allowance is included as part of the President's taxable compensation. |
| Part I, Line 6 | On an annual basis the President's bonus is determined by the Compensation Committee, a subgroup of the Board of Trustees, based on the number of goals met during the prior fiscal year. The goals are set by the Compensation Committee at their annual meeting as part of the President's performance review. Approximately $4,200 of the bonus paid in fiscal 2014 was contingent on the net earnings of the Organization in fiscal 2013. |
| Part I, Line 7 | See Line 6 explanation for President's bonus. The majority of the bonus paid was not contingent on the revenues or net earnings of the Organization or any related organization. On an annual basis the President, with the approval of the Chairman of the Board of Trustees, approves discretionary bonuses for certain employees. The amounts are based on individual performance and a review of the employee's total compensation. |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Massachusetts Industrial Development Financing Authority | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Issuer EIN | 043431814 | BondIssuerEIN |
| Bond Issued | 2011-11-23 | BondIssuedDt |
| Issue Price | $24,500,000 | IssuePriceAmt |
| Purpose | Refinance and Construction | PurposeDesc |
| Defeased | 0 | DefeasedInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Pool Financing | 0 | PoolFinancingInd |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Total Proceeds | $24,500,000 | TotalProceedsAmt |
| Issuance Costs From Proceeds | $380,800 | IssuanceCostsFromProceedsAmt |
| Capital Expenditures | $9,066,670 | CapitalExpendituresAmt |
| Substantial Completion | 2014 | SubstantialCompletionYr |
| Current Refunding | Yes (1) | CurrentRefundingInd |
| Advance Refunding | 0 | AdvanceRefundingInd |
| Final Allocation Made | Yes (1) | FinalAllocationMadeInd |
| Adequate Books And Rec Maint | Yes (1) | AdequateBooksAndRecMaintInd |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Owning Bond Financed Property | 0 | OwningBondFinancedPropertyInd |
| Any Lease Arrangements | 0 | AnyLeaseArrangementsInd |
| Mgmt Contract Bond Fincd Prop | 0 | MgmtContractBondFincdPropInd |
| Any Research Agreements | 0 | AnyResearchAgreementsInd |
| Bond Iss Meet Prvt Sec Pymt Test | 0 | BondIssMeetPrvtSecPymtTestInd |
| Change In Use Bond Financed Prop | 0 | ChangeInUseBondFinancedPropInd |
| Procs Nonqualified Bond Remdtd | Yes (1) | ProcsNonqualifiedBondRemdtdInd |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Form8038 T Filed | 0 | Form8038TFiledInd |
| Rebate Not Due Yet | 0 | RebateNotDueYetInd |
| Exception To Rebate | Yes (1) | ExceptionToRebateInd |
| No Rebate Due | 0 | NoRebateDueInd |
| Variable Rate Issue | 0 | VariableRateIssueInd |
| Hedge Identified In Bks And Rec | 0 | HedgeIdentifiedInBksAndRecInd |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGICInd |
| Gross Proceeds Invested | 0 | GrossProceedsInvestedInd |
| Written Proc To Monitor Reqs | 0 | WrittenProcToMonitorReqsInd |
Procedures Corrective Action ProceduresCorrectiveActionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Procedures Corrective Action | 0 | ProceduresCorrectiveActionInd |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 8 | ContributionCnt |
| Noncash Contributions Rpt F990 | $144,505 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | Fair Market Value | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | Yes (1) | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Line 32b: | FormAndLineReferenceDesc |
| Explanation | Contributions of securities are sold through The Conservatory's investment broker. All gifts of securities are sold as soon as administratively possible. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Section B, line 11 | The Conservatory's Form 990 is reviewed in detail by both management and the Audit Committee. The Audit Committee has the authority to approve the Form 990 for filing on behalf of the full board. All Trustees receive a copy of the Form 990 prior to filing. |
| Form 990, Part VI, Section B, line 12c | The conflict of interest policy was reviewed and approved by the Board of Trustees. The policy applies to all Trustees and Senior Executives of the Boston Conservatory. Each year all Trustees and Senior Executives complete a conflict of interest form which requests information about personal and professional conflict-related activities. The Executive Assistant to the President reviews all completed forms and presents any potential conflicts to the Board Chair and President. To date there have been no conflicts of interest. Therefore, no restrictions have been imposed on any Trustees and Senior Executives. |
| Form 990, Part VI, Section B, line 15a | The compensation of the President is determined by a compensation committee of the board, each member of which is independent of the President. Appropriate data including Forms 990 from other organizations and compensation survey or study data is considered. The compensation decision was documented contemporaneously. The President sets the compensation for other officers and key employees. Appropriate data is considered for this purpose. |
| Form 990, Part VI, Section C, line 19 | The Boston Conservatory will consider requests for copies of governing documents, conflict of interest policy, and financial statements. |
| Form 990, Part XI, line 9: | Write off of Property, Plant & Equipment -95,017. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Public Charity StatusPublicCharityStatusTxt | Business Name Line1DirectControllingEntityName/BusinessNameLine1 | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|---|
| The Boston Conservatory Realty Corp | ||||||||||
| 8 The Fenway | Boston | MA | 02215 | 263644206 | Hold and Manage Real Estate | MA | 501(c)(3) | Line 11A, I | The Boston Conservatory | Yes (1) |
| The Boston Conservatory Ipswich Realty Corporation | ||||||||||
| 8 The Fenway | Boston | MA | 02215 | 454795446 | Hold and Manage Real Estate | MA | 501(c)(3) | Line 11A, I | The Boston Conservatory | Yes (1) |
| 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 | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | Yes (1) | 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 | Yes (1) | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (2 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| The Boston Conservatory Realty Corp | ||
| D | $2,634,503 | Loan Payable Balance |
| The Boston Conservatory Realty Corp | ||
| K | $333,333 | Rent Expense Paid |