2015-05-11T14:44:03-05:00 2014-06-30 KPMG LLP 345 Park Avenue New York NY 101540102 990 2013-07-01 131656667 MANHATTAN SCHOOL OF MUSIC % SUSAN FINK MANH 2127492802 120 CLAREMONT AVENUE Suite 219 NEW YORK NY 10027 JAMES GANDRE SCHOOL PRESIDENT 9174934438 2015-05-04 true KPMG LLP P01249521 9174934438 2013 2016-02-25 16:41:14Z JAMES GANDRE 120 CLAREMONT AVENUE NEW YORK NY 10027 49255545 false X WWW.MSMNYC.EDU X 1920 NY MANHATTAN SCHOOL OF MUSIC IS A college conservatory providing education TO APPROX. (900) COLLEGE STUDENTS and (450) PRECOLLEGE STUDENTS. FOR MORE INFORMATION, SEE SCHEDULE O. 18 14 1282 14 0 -1300 3953947 2474278 40487512 39110012 305352 816558 2844911 2878102 47591722 45278950 9062000 9156510 0 0 24147012 24238694 126326 131400 990147 12133105 12123753 45468443 45650357 2123279 -371407 90608224 91381884 43529284 41966078 47078940 49415806 X MANHATTAN SCHOOL OF MUSIC IS A COLLEGE CONSERVATORY PROVIDING EDUCATION TO APPROXIMATELY (900) COLLEGE STUDENTS AND (450) PRECOLLEGE STUDENTS. FOR MORE INFORMATION, SEE SCHEDULE O. false false 33107033 8615835 28687412 UNDERGRADUATE AND GRADUATE PROGRAMS - MANHATTAN SCHOOL OF MUSIC OFFERS THE FOLLOWING DEGREES, DIPLOMAS AND CERTIFICATES: BACHELOR OF MUSIC (VOICE, INSTRUMENTAL PERFORMANCE, JAZZ, AND COMPOSITION); MASTER OF MUSIC (VOICE, INSTRUMENTAL PERFORMANCE, JAZZ, COMPOSITION, CONDUCTING, ORGAN, ACCOMPANYING, ORCHESTRAL PERFORMANCE, AND CONTEMPORARY PERFORMANCE); DOCTOR OF MUSICAL ARTS (VOICE, INSTRUMENTAL PERFORMANCE, JAZZ, COMPOSITION, CONDUCTING, ORGAN, AND ACCOMPANYING); PROFESSIONAL STUDIES CERTIFICATE AND ARTIST DIPLOMA. 3894945 499400 4897851 PRECOLLEGE PROGRAM - A HIGHLY COMPETITIVE AND PRE-PROFESSIONAL SATURDAY MUSIC PROGRAM DEDICATED TO THE MUSICAL AND PERSONAL GROWTH OF TALENTED YOUNG MUSICIANS AGES 5-18. THE PRECOLLEGE ENROLLS APPROXIMATELY 460 STUDENTS FROM AROUND THE TRI-STATE AREA AND BEYOND, UNDER THE GUIDANCE OF SOME 140 ARTIST TEACHERS. TYPICAL PROGRAM OF STUDY INCLUDES A 60-MINUTE PRIVATE LESSON, CLASSES IN THEORY AND EAR TRAINING, PERFORMANCE CLASSES INCLUDING LARGE AND SMALL ENSEMBLES, AND VARIOUS ELECTIVE CLASSES. STUDENTS CAN PARTICIPATE IN FOUR ORCHESTRAS, THREE CHOIRS, AND NUMEROUS CHAMBER ENSEMBLES AND JAZZ ENSEMBLES. 778989 41275 1049539 SUMMER PROGRAMS - MANHATTAN SCHOOL OF MUSIC OFFERS GIFTED MUSICIANS SUMMER PROGRAMS WHICH ARE UNIQUE IN NEW YORK CITY AND AT THE CONSERVATORY LEVEL NATIONWIDE. FOR MORE INFORMATION ON THE MSM SUMMER VOICE FESTIVAL, MSM SUMMER ENGLISH STUDY AND CAMP MSM, SEE SCHEDULE O. 1168484 349847 38949451 true true false true false false false false false true true true false false true true true false true false true false false true true false false false true true true false false false false false false false false true false true true false false false false false false false true 143 0 true 1282 true false false false false false true true false false false false X 18 14 false false true false false false false true true false false true true true true true false true true false NY X SUSAN FINK 2127492802 120 CLAREMONT AVENUE NEW YORK NY 10027 CARLA BOSSI-COMELLI TRUSTEE 0.1 0.0 X 0 0 0 PETER DUCHIN TRUSTEE 0.1 0.0 X 0 0 0 LINDA CHESIS TRUSTEE/FACULTY 0.1 0.0 X 75775 0 23759 GLENN DICTEROW TRUSTEE 0.1 0.0 X 68950 0 0 LORRAINE GALLARD TRUSTEE, CHAIR 0.1 0.0 X X 0 0 0 MARCIA CLAY HAMILTON TRUSTEE 0.1 0.0 X 0 0 0 THOMAS HAMPSON TRUSTEE 0.1 0.0 X 0 0 0 MARTA ISTOMIN TRUSTEE 0.1 0.0 X 0 0 0 CLAUDE MANN TRUSTEE 0.1 0.0 X 0 0 0 LINDA MERCURO TRUSTEE 0.1 0.0 X 0 0 0 NOEMI K NEIDORFF Trustee, Secretary 0.1 0.0 X X 0 0 0 DAVID A RAHM TRUSTEE, CHAIR EMERITUS 0.1 0.0 X 0 0 0 TED ROSENTHAL TRUSTEE/FACULTY 0.1 0.0 X 29212 0 0 LEONARD SLATKIN TRUSTEE 0.1 0.0 X 0 0 0 PETER ROBBINS trustee, treasurer/chair emer 0.1 0.0 X X 0 0 0 LOREN R DOUGLASS TRUSTEE (resigned 5/15/2014) 0.1 0.0 X 0 0 0 EDWARD LOWENTHAL Trustee, Vice Chair 0.1 0.0 X X 0 0 0 ROBERT SIROTA TRUSTEE (resigned 10/09/2013) 0.1 0.0 X 0 0 0 JAMES GANDRE TRUSTEE,EX-OFFICIO,SCHOOL PRES 35.0 0.0 X X 256840 0 136107 DAVID KNOTT TRUSTEE (elected 10/17/2013) 0.1 0.0 X 0 0 0 PAUL KELLEHER EXECUTIVE VP finance & admin. 35.0 0.0 X 237947 0 28629 DAVID GEBER vice provost/dean of artistic 35.0 0.0 X 185569 0 15326 MARJORIE MERRYMAN provost/dean of the college 35.0 0.0 X 221129 0 29554 PHILLIP KAWIN FACULTY 35.0 0.0 X 151906 0 20360 CATHERINE MALFITANO FACULTY 35.0 0.0 X 176408 0 48494 MARK OSWALD FACULTY 35.0 0.0 X 163987 0 13119 MAITLAND PETERS FACULTY 35.0 0.0 X 195855 0 48095 NEIL ROSENSHEIN FACULTY 35.0 0.0 X 169227 0 44772 1932805 0 408215 28 false true false CHARTWELLS PO BOX 91337 CHICAGO IL 60693 FOOD SERVICE 1534375 LANKEY LIMEY LTD 85 SAINT JAMES TER YONKERS NY 107042409 TECH. SERVICE 280005 ELITE SERVICE GROUP 40 WEST 27TH STREET 12TH FLOOR NEW YORK NY 10001 CLEANING SERVICE 376343 UNIVERSAL PROTECTION SERVICE LLC 199 WATER STREET SUITE 3010 NEW YORK NY 10038 SECURITY SERVICES 291708 PROTECTION PLUS SECURITY CORPORATIO 535 8TH AVE 3 NEW YORK NY 10018 SECURITY SERVICES 216286 25 241745 192078 2040455 265212 2474278 TUITION AND FEES 611600 34984649 34984649 AUXILIARY SERVICES 611600 4125363 4125363 39110012 245549 245549 0 0 2919092 2919092 0 2919092 2919092 4330184 3759175 571009 571009 571009 15480 241745 41294 -25814 -25814 0 160950 176126 -15176 -15176 0 45278950 34984649 7820023 0 9156510 9156510 0 0 1438507 615748 822759 77040 26145 50895 18395274 16344892 1581332 469050 886728 747619 113140 25969 2090841 1636839 390519 63483 1350304 1115368 200105 34831 0 183037 183037 155753 155753 60050 60050 131400 131400 95578 95578 74486 74486 154072 7651 146421 2900559 1976855 906666 17038 317662 274004 41513 2145 0 3608864 3112876 471617 24371 105326 71408 29351 4567 0 76538 23804 16042 36692 1210178 1043856 158150 8172 0 2488147 2146186 325160 16801 43813 43813 MUSICAL PRODUCTIONS 649690 649690 45650357 38949451 5710759 990147 3630537 3671424 5634619 5421617 5898421 4845023 0 0 0 0 0 0 979480 925239 0 0 564521 669671 84482994 31927476 54364697 52555518 10927819 13455360 8439043 9680578 0 0 0 0 169087 157454 90608224 91381884 2028610 1753992 0 0 1050938 1477203 38820000 37285000 0 0 0 0 375262 213420 0 0 1254474 1236463 43529284 41966078 X 22998881 25267923 1380475 755955 22699584 23391928 47078940 49415806 90608224 91381884 X -371407 2750473 -42200 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false false false false true 60050 false false 60050 false false DIRECT CONTACT THIS AMOUNT WAS PAID TO REPRESENT MANHATTAN SCHOOL OF MUSIC BEFORE NEW YORK CITY AND NEW YORK STATE GOVERNMENTS WITH A FOCUS ON SECURING PUBLIC SECTOR FUNDING FOR CAPITAL IMPROVEMENTS, PROGRAMS AND SERVICES. 15917004 891813 2561929 735348 18635398 13721094 1435150 1481533 720773 15917004 13956270 491932 -291000 436108 13721094 12318912 217343 1420015 13956270 10351726 674218 1292968 12318912 1.00000 false false 0 1240000 1240000 0 74371888 25921015 48450873 0 4153021 2556788 1596233 0 4718085 3449673 1268412 52555518 INTERNATIONAL EQUITY 2635218 F MULTI-STRATEGY FUND OF FUNDS 3363909 F HEDGE FUNDS 3681451 F 9680578 0 ASSET RETIREMENT OBLIGATION 692281 US GOVT GRANTS REFUNDABLE 544182 1236463 X 38952555 2750473 -9168710 -6418237 45370792 95578 -187420 -91842 45278950 36615689 217420 217420 36398269 95578 9156510 9252088 45650357 ENDOWMENT SCHEDULE D, PART V, LINE 4 THE SCHOOL FOLLOWS THE PROVISIONS OF THE NEW YORK PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT (NYPMIFA) IN MANAGING ITS DONOR-RESTRICTED ENDOWMENT. THE SCHOOL HAS INTERPRETED NYPMIFA AS ALLOWING IT TO APPROPRIATE FOR EXPENDITURE OR ACCUMULATE SO MUCH OF THE DONOR-RESTRICTED ENDOWMENT FUND AS IS PRUDENT FOR THE USES, BENEFITS, PURPOSES, AND DURATION FOR WHICH THE ENDOWMENT FUND IS ESTABLISHED, SUBJECT TO THE INTENT OF THE DONOR AS EXPRESSED IN THE GIFT INSTRUMENT ABSENT EXPLICIT DONOR STIPULATIONS TO THE CONTRARY. THE SCHOOL HAS NO BOARD-DESIGNATED ENDOWMENT FUNDS. THE SCHOOL'S INVESTMENT OBJECTIVE IS TO PROVIDE THAT FUTURE GROWTH OF THE PORTFOLIO IS SUFFICIENT TO OFFSET NORMAL INFLATION PLUS REASONABLE SPENDING, THEREBY PRESERVING THE CONSTANT DOLLAR VALUE AND PURCHASING POWER OF THE ENDOWMENT FUND. THE OBJECTIVE OF THE INVESTMENT PROGRAM IS TO ENHANCE THE PORTFOLIO'S LONG-TERM VIABILITY BY MAXIMIZING THE VALUE OF THE PORTFOLIO WITH PRUDENT LEVEL OF RISK. THE SCHOOL HAS A SPENDING POLICY OF APPROPRIATING FOR DISTRIBUTION EACH YEAR 5.0% OF THE INVESTMENT PORTFOLIO, DEPENDING ON PERFORMANCE OF THE INVESTMENT PORTFOLIO AS WELL AS CONSIDERING THE FACTORS INCLUDED IN NYPMIFA. UNCERTAIN TAX POSITIONS SCHEDULE D, PART X, LINE 2 MANHATTAN SCHOOL OF MUSIC (THE SCHOOL) RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. INCOME GENERATED FROM ACTIVITIES UNRELATED TO THE SCHOOL'S EXEMPT PURPOSE IS SUBJECT TO TAX UNDER INTERNAL REVENUE CODE SECTION 511. THE SCHOOL DID NOT RECOGNIZE ANY UNRELATED BUSINESS INCOME TAX LIABILITY FOR THE YEARS ENDED JUNE 30, 2014 AND 2013. OTHER REVENUES INCLUDED ON LINE 1 NOT INCLUDED ON FORM 990, PART VIII, LINE 12 PART XI, LINE 2D SCHOLARSHIPS $(9,156,510) WRITE-OFF OF UNCOLLECTIBLE PLEDGES $ (12,200) ----------- $(9,168,710) OTHER REVENUES INCLUDED ON FORM 990, PART VIII, LINE 12 NOT INCLUDED ON LINE 1 PART XI, LINE 4B DONATION OF ARTWORK $ 30,000 FUNDRAISING EVENT EXPENSES $ (41,294) COST OF GOODS SOLD $(176,126) ---------- $(187,420) OTHER EXPENSES INCLUDED ON LINE 1 NOT INCLUDED ON FORM 990, PART IX, LINE 25 PART XII, LINE 2D FUNDRAISING EVENT EXPENSES $ 41,294 COST OF GOODS SOLD $176,126 ---------- $217,420 OTHER EXPENSES INCLUDED ON FORM 990, PART IX, LINE 25 NOT INCLUDED ON LINE 1 PART XII, LINE 4B SCHOLARSHIPS $9,156,510 true true true true true true true false false false false false false false false true false true EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 THE SCHOOL HAS PUBLICIZED ITS POLICY IN STUDENT COMMUNICATIONS. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 GOVERNMENT AID IS LIMITED TO AMOUNTS REPORTED ON FORM 990 PART VIII, LINE 1E. THE SCHOOL PARTICIPATES IN THE PERKINS LOAN PROGRAM (LOAN PROGRAM) SPONSORED BY THE U.S. DEPARTMENT OF EDUCATION. FUNDS PROVIDED BY THE U.S. GOVERNMENT UNDER THE PROGRAM ARE LOANED TO QUALIFIED STUDENTS AND MAY BE RELOANED AFTER COLLECTION. THESE FUNDS ARE ULTIMATELY REFUNDABLE TO THE U.S. GOVERNMENT. Central America and the Caribbean Investments 7045360 7045360 7045360 true false true true true false X X X X X X X true COMPREHENSIVE PROSPECT RESEARCH PO BOX 69 WACCABUC NY 10597 DONOR IDENT IFICATION false 0 71190 -71190 0 71190 -71190 NY CARNEGIE GALA 257225 241745 15480 2494 18983 19817 0 257225 241745 15480 2494 18983 19817 41294 -25814 SCHEDULE G, PART I, LINE 2 COMPREHENSIVE PROSPECT RESEARCH PROVIDES MANHATTAN SCHOOL OF MUSIC (MSM) WITH LISTS OF FUNDING PROSPECTS FOR PROJECTS IDENTIFIED BY MSM AS IN NEED OF FUNDING. ADDITIONALLY, THEY PROVIDE PROFILES ON THOSE PROSPECTS AS WELL AS OTHERS THAT MSM STAFF NEEDS. THE SCHOOL DOES NOT TRACK FUNDING RECEIVED DIRECTLY AS A RESULT OF THE WORK THAT COMPREHENSIVE PROSPECT RESEARCH CONDUCTS. ADDRESS OF COMPREHENSIVE PROSPECT RESEARCH: PO BOX 69 WACCABUC, NY 10597 true SCHOLARSHIPS 665 9156510 SCHOLARSHIP ELIGIBILITY AND RECORD KEEPING SCHEDULE I, PART I, LINE 2 MANHATTAN SCHOOL OF MUSIC AWARDS SCHOLARSHIPS TO APPROXIMATELY 50% OF ITS FULL-TIME ENROLLED STUDENTS. THE MANHATTAN SCHOOL OF MUSIC SCHOLARSHIP IS AWARDED BY THE SCHOLARSHIP COMMITTEE AND IS BASED UPON RECOMMENDATIONS FROM THE FACULTY AT ENTRANCE AUDITIONS AND ANNUAL JURY EXAMINATIONS, ANALYSIS OF FAMILY INCOME, THE ACADEMIC PERFORMANCE OF THE STUDENT, AS WELL AS THE NEEDS OF THE SCHOOL. AMOUNTS RANGE FROM $1000 UP TO FULL TUITION WITH THE AVERAGE AWARD OF ABOUT HALF TUITION. THE PRESIDENT'S AWARD IS AWARDED ON THE SAME BASIS AS ABOVE TO NO-NEED, HIGH-MERIT STUDENTS, WITH AMOUNTS USUALLY RANGING FROM $1000 TO FULL TUITION. DURATION OF SCHOLARSHIP AWARDS IS MOST OFTEN THE STANDARD LENGTH OF THE PROGRAM IN WHICH A STUDENT IS ENROLLED. STUDENTS WISHING AN EXTENSION ON THEIR SCHOLARSHIP AWARD BEYOND THE STANDARD PROGRAM LENGTH MUST PETITION THE SCHOLARSHIP COMMITTEE. REQUESTS WILL BE HANDLED ON A CASE BY CASE BASIS BY THE COMMITTEE. RENEWAL OF SCHOLARSHIPS IS BASED ON SEVERAL ASPECTS OF A STUDENT'S MUSICAL AND ACADEMIC ACHIEVEMENT, AS WELL AS A STUDENT'S CONDUCT IN THE SCHOOL COMMUNITY. WHEN CONSIDERING SCHOLARSHIP RENEWAL, THE SCHOLARSHIP COMMITTEE WILL ENSURE THAT THE STUDENT MEETS THE FOLLOWING REQUIREMENTS: *SIMILAR OR HIGHER COMPOSITE YEAR-END JURY SCORE AS ORIGINALLY AWARDED AT STUDENT'S AUDITION. *MINIMUM 3.0 GPA EACH SEMESTER. *EXEMPLARY PERFORMANCE AND PARTICIPATION IN ALL PERFORMANCE ENSEMBLES, CLASSES AND ADHERENCE TO REQUIRED ATTENDANCE POLICIES. *EXEMPLARY SCHOOL COMMUNITY CONDUCT. THE SCHOLARSHIP COMMITTEE MAY REDUCE THE AWARD OF A STUDENT WHO DOES NOT MEET THESE STANDARDS. DURING ANNUAL REVIEW, SCHOLARSHIPS MAY BE GRANTED TO RETURNING STUDENTS WHO HAVE NOT PREVIOUSLY HAD SCHOLARSHIP OR A SCHOLARSHIP IS INCREASED TO A STUDENT ALREADY RECEIVING SCHOLARSHIP. THIS IS IN RESPONSE TO AN EXCEPTIONAL INCREASE IN JURY SCORES OVER THE AUDITION SCORE IN COMBINATION WITH EXCEPTIONAL ACADEMIC ACHIEVEMENT AND COMMUNITY CONDUCT. IN GENERAL, NO ADDITIONAL SCHOLARSHIP IS AWARDED TO RETURNING STUDENTS. ANALYSIS OF THE COLLEGE BOARD'S PROFILE FORM AND OF THE FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA) IS USED TO DETERMINE ELIGIBILITY FOR FEDERAL AND INSTITUTIONAL AID. THE STATE USES FAFSA INFORMATION ALONG WITH SUPPLEMENTAL RESOURCES TO DETERMINE ELIGIBILITY FOR STATE FUNDS. THE CSS PROFILE IS USED SOLELY TO DETERMINE ELIBILITY FOR INSTITUTIONAL AID. SCHOLARSHIP AWARDS, RENEWALS, AND NON-RENEWALS ARE AT THE SOLE DISCRETION OF THE ADMINISTRATION OF MANHATTAN SCHOOL OF MUSIC. X true true X X X false false false false false false false false false JAMES GANDRE TRUSTEE,EX-OFFICIO,SCHOOL PRES 256840 0 0 0 0 0 20400 0 115707 0 392947 0 0 0 PAUL KELLEHER EXECUTIVE VP finance & admin. 237947 0 0 0 0 0 19312 0 9317 0 266576 0 0 0 DAVID GEBER vice provost/dean of artistic 185569 0 0 0 0 0 15326 0 0 0 200895 0 0 0 MARJORIE MERRYMAN provost/dean of the college 221129 0 0 0 0 0 18165 0 11389 0 250683 0 0 0 PHILLIP KAWIN FACULTY 151906 0 0 0 0 0 8971 0 11389 0 172266 0 0 0 CATHERINE MALFITANO FACULTY 176408 0 0 0 0 0 15347 0 33147 0 224902 0 0 0 MARK OSWALD FACULTY 163987 0 0 0 0 0 13119 0 0 0 177106 0 0 0 MAITLAND PETERS FACULTY 195855 0 0 0 0 0 14948 0 33147 0 243950 0 0 0 NEIL ROSENSHEIN FACULTY 169227 0 0 0 0 0 11625 0 33147 0 213999 0 0 0 HOUSING ALLOWANCE SCHEDULE J, PART I, QUESTION 1 JAMES GANDRE, SCHOOL PRESIDENT, IS PROVIDED NON-TAXABLE CAMPUS HOUSING AS A CONDITION OF EMPLOYMENT. DR. GANDRE'S DUTIES AND RESPONSIBILITIES REQUIRED HIS SERVICES BE AVAILABLE ON A CONTINUOUS BASIS THROUGHOUT HIS TERM. In fiscal year 2014, the organization re-evaluated its methodology for estimating the value of the housing provided. The reported amount represents the average value of comparable apartments located in the neighborhood of the campus. A TRUST FOR CULTURAL RESOURCES OF THE CITY OF NY 911882413 649717PU3 2010-12-10 41215000 REFUNDING REV BOND SERIES 2009A false false false A 3930000 0 41215000 0 0 0 188455 0 0 41026545 0 0 2001 true false true true A false false false false 0 true false false false A true false false 0 false 0 false false A true SCHEDULE K, PART IV, LINE 7 IN DECEMBER 2010, THE SCHOOL CONVERTED BONDS FROM A VARIABLE RATE TO A FIXED RATE AND ENTERED INTO A CONTINUING COVENANT AGREEMENT WITH WELLS FARGO WHEREBY WELLS FARGO PURCHASED THE BONDS. NO ADDITIONAL PROCEEDS WERE ISSUED AT THE TIME OF CONVERSION AND OUTSTANDING PROCEEDS ARE NOT INVESTED. DANIEL KELLEHER SON OF PAUL KELLEHER 50895 COMPENSATION false Julia Lichten spouse of David Geber 26145 COMPENSATION false X 1 30000 APPRAISAL X 147526 CONSIGNMENT STORE X 8 66297 FMV X Other-Musical equipment 4 20750 fmv X OTHER MISC. 3 639 FMV false true false NUMBER OF CONTRIBUTIONS SCHEDULE M, PART I, COLUMN (B) THE NUMBER IN COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS. ORGANIZATION'S MISSION FORM 990, PART III, LINE 1 MANHATTAN SCHOOL OF MUSIC IS DEEPLY COMMITTED TO EXCELLENCE IN EDUCATION, PERFORMANCE, AND CREATIVE ACTIVITY; TO THE HUMANITY OF THE SCHOOL'S ENVIRONMENT; AND TO THE CULTURAL ENRICHMENT OF THE LARGER COMMUNITY. A PREMIERE INTERNATIONAL CONSERVATORY, MSM INSPIRES AND EMPOWERS HIGHLY TALENTED INDIVIDUALS TO REALIZE THEIR POTENTIAL. WE TAKE FULL ADVANTAGE OF NEW YORK'S ABUNDANT LEARNING AND PERFORMANCE OPPORTUNITIES, PREPARING OUR STUDENTS TO BE PASSIONATE PERFORMERS, COMPOSERS AND TEACHERS, AND IMAGINATIVE, EFFECTIVE CONTRIBUTORS TO THE ARTS AND SOCIETY. PROGRAM SERVICE ACCOMPLISHMENTS - SUMMER PROGRAMS FORM 990, PART III, LINE 4C MSM SUMMER VOICE FESTIVAL - MSM SUMMER VOICE FESTIVAL - THE SUMMER VOICE FESTIVAL, STARTED IN 2009, PROVIDES INTENSIVE TRAINING IN OPERA AND MUSICAL THEATER FOR SINGERS OF COLLEGE AGE AND OLDER. THE SIX-WEEK PROGRAM, IN MAY-JUNE, INCLUDES PRIVATE ONE-HOUR LESSONS WITH A MEMBER OF THE MSM VOICE FACULTY, AS WELL AS MASTERCLASSES, COACHINGS, AND CLASSES IN DICTION, ACTING, MOVEMENT AND OTHER TOPICS OF INTEREST FOR SINGERS. THE FESTIVAL CULMINATES IN THE PERFORMANCE OF FOUR FULLY-STAGED PRODUCTIONS OF OPERA AND MUSICAL THEATER REPERTOIRE. THIS PROGRAM MAY NOT BE OFFERED IN 2015. MSM SUMMER ENGLISH STUDY - SUMMER ENGLISH STUDY (SES) IS AN INNOVATIVE, EIGHT-WEEK IMMERSION PROGRAM ESPECIALLY DESIGNED FOR STUDENTS ENTERING MSM IN THE FOLLOWING FALL SEMESTER. THROUGH INTENSIVE STUDY AND INTERACTIONS WITH OTHER STUDENTS WHO ARE FLUENT IN ENGLISH, SES PARTICIPANTS PREPARE FOR MUSIC-SPECIFIC COURSEWORK AS THEY ACCLIMATE MORE GENERALLY TO AMERICAN SPEECH AND TO LIFE IN NEW YORK CITY. CAMP MSM - SET ON A COLLEGE CAMPUS IN THE HEART OF NEW YORK CITY, CAMP MSM IS A RESIDENTIAL CAMP (WITH A DAY CAMP OPTION) THAT PROVIDES INTENSIVE MUSICAL INSTRUCTION IN MUSICAL THEATER AND INSTRUMENTAL MUSIC FOR STUDENTS WHO HAVE COMPLETED GRADES 6-11 (AGES 11-17). CAMPERS WILL DEVELOP THEIR MUSICAL SKILLS AND JOIN A COMMUNITY OF YOUNG MUSICIANS THROUGH A WIDE VARIETY OF MUSICAL AND SOCIAL ACTIVITIES. PROGRAM SERVICE ACCOMPLISHMENTS - OTHER FORM 990, PART III, LINE 4D OTHER PROGRAM SERVICE ACCOMPLISHMENTS INCLUDE, BUT ARE NOT LIMITED TO, THE FOLLOWING ACTIVITIES: DISTANCE LEARNING - MANHATTAN SCHOOL OF MUSIC LAUNCHED ITS GROUNDBREAKING DISTANCE LEARNING PROGRAM IN 1996, THE FIRST OF ITS KIND AT A MAJOR CONSERVATORY. SINCE THEN, USING STATE-OF-THE-ART INTERACTIVE VIDEOCONFERENCE TECHNOLOGY TO ENHANCE MSM STUDENTS' CURRICULUM, WE HAVE ALSO DEVELOPED PROGRAMS TO CONNECT STUDENTS, EDUCATORS AND DISTINGUISHED ARTISTS AROUND THE GLOBE. ADDITIONALLY, OUR LIVE WEB-STREAMED CONCERTS AND MASTER CLASSES, FEATURING MSM STUDENT ENSEMBLES AND ACCLAIMED FACULTY, NOW ATTRACT A WORLDWIDE AUDIENCE. MSM DISTANCE LEARNING'S AWARD-WINNING PROGRAMS, INCLUDING THE GLOBAL CONSERVATORY FOR HIGHER EDUCATION, AND MUSIC BRIDGES FOR K-12 & COMMUNITY AUDIENCES, OFFER MASTER CLASSES, PRIVATE INSTRUCTION, AND SEMINARS FOR MUSIC STUDENTS AND EDUCATORS; STANDARDS-BASED CLASSICAL AND JAZZ PROGRAMS FOR K-12; AND A VARIETY OF SELECTIONS FOR LIFELONG LEARNERS. CENTER FOR MUSIC ENTREPRENEURSHIP (CME) - IN TODAY'S MARKETPLACE, MUSICIANS NEED MORE THAN ARTISTIC EXCELLENCE; THEY NEED THE ADDED EDGE OF ENTREPRENEURIAL SKILLS TO CREATE OPPORTUNITIES AND BUILD SUCCESSFUL, SUSTAINABLE CAREERS. FOCUSING ON THE INTERSECTION OF ARTISTRY AND ENTERPRISE, THE CME SPEARHEADS ENTREPRENEURIAL INITIATIVES THAT HELP STUDENTS AND ALUMS BECOME THE CEOS OF THEIR OWN SUCCESSFUL CAREERS. THE CME FACILITATES THE EXPLORATION OF NEW CAREER PATHS, INCOME STREAMS, AND BUSINESS MODELS THAT ARE TRANSFORMING THE PROFESSION. TAILORED TO THE DIRECT AND POSITIVE CULTURE OF MSM, THE CME CONNECTS INITIATIVES ACROSS DEPARTMENTS AND CURRICULUM. OUTREACH - THROUGH THE COMMUNITY PARTNERSHIPS PROGRAM, THE MANHATTAN SCHOOL OF MUSIC ARTS-IN-EDUCATION PROGRAM PREPARES STUDENTS TO BE EFFECTIVE ARTIST-EDUCATORS BY OFFERING PEDAGOGICAL INSTRUCTION AND PRACTICAL TEACHING EXPERIENCE IN NEW YORK CITY SCHOOLS. OUR COMMITMENT TO ARTS EDUCATION IN NEW YORK CITY REMAINS CENTRAL TO THE MISSION OF THE SCHOOL. MORE THAN 2,200 NEW YORK CITY SCHOOLCHILDREN PARTICIPATE ANNUALLY IN OUR OUTREACH PROGRAM. THE MANHATTAN SCHOOL OF MUSIC COMMUNITY ENGAGEMENT PROGRAM PROVIDES STUDENTS AN OPPORTUNITY TO PRESENT INSPIRATIONAL AND INTERACTIVE PERFORMANCES TO DIVERSE AUDIENCES IN HOSPITALS, SENIOR LIVING RESIDENCES, HOSPICES, AND OTHER COMMUNITY CENTERS IN NEW YORK CITY, SHARING THE HEALING POWER OF MUSIC AS MEDICINE. IN MANY CASES, PERFORMANCES ARE PRESENTED TO UNDERSERVED COMMUNITIES AND TO THOSE WHO ARE UNABLE TO ATTEND MUSICAL PERFORMANCES ON THEIR OWN. THROUGH THE PROGRAM, STUDENTS ARE ABLE TO EXPAND THEIR PERFORMANCE TECHNIQUES FOR DIVERSE AUDIENCES IN NONTRADITIONAL CONCERT SETTINGS. SIGNIFICANT CHANGES TO BYLAWS FORM 990, PART VI, SECTION A, LINE 4 THE BYLAWS WERE AMENDED TO INCLUDE THE ESTABLISHMENT OF A NEW COMMITTEE - THE COMMITTEE ON ACADEMIC AFFAIRS AND STUDENT SUCCESS. FORM 990 REVIEW FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM USING INFORMATION PROVIDED BY THE ORGANIZATION'S FINANCE DEPARTMENT. ONCE TOP MANAGEMENT AND THE CFO HAVE REVIEWED THE RETURN, FORM 990 IS REVIEWED BY THE AUDIT COMMITTEE. LASTLY, FORM 990 IS PROVIDED TO THE BOARD OF TRUSTEES PRIOR TO FILING WITH THE IRS. CONFLICT OF INTEREST FORM 990, PART VI, SECTION B, LINE 12C EACH SENIOR PERSON SHALL DISCLOSE TO THE CHAIR OF THE GOVERNANCE COMMITTEE THE EXISTENCE OF ANY CIRCUMSTANCE NOT PREVIOUSLY DISCLOSED TO THE BOARD WHICH SUCH PERSON OR FAMILY MEMBER REASONABLY BELIEVES TO CONSTITUTE, OR APPEAR TO CONSTITUTE, A PRIVATE FINANCIAL OR OTHER PERSONAL INTEREST OF THE SORT DESCRIBED ABOVE, TOGETHER WITH ALL RELATED MATERIAL FACTS. IN THE EVENT THAT THE CHAIR OF THE GOVERNANCE COMMITTEE IS THE SENIOR PERSON WITH A POTENTIAL CONFLICTING INTEREST, THE CHAIR SHALL REPORT SAME TO THE CHAIR OF THE BOARD WHO SERVES EX OFFICIO ON THE GOVERNANCE COMMITTEE. IF ANY TRUSTEE OR OFFICER OF THE SCHOOL HAS REASON TO BELIEVE THAT ANY SENIOR PERSON AT THE SCHOOL HAS AN UNDISCLOSED FINANCIAL INTEREST OF THE SORT DESCRIBED ABOVE, HE OR SHE SHALL INFORM THE CHAIR OF THE GOVERNANCE COMMITTEE WHO SHALL AFFORD THE PERSON WHOSE INTEREST HAS BEEN QUESTIONED THE OPPORTUNITY TO DISCLOSE AND EXPLAIN THE CIRCUMSTANCES. ANY DETERMINATION OF A CONFLICT OF INTEREST SHALL BE REPORTED TO THE EXECUTIVE COMMITTEE WITHIN 5 DAYS OF SUCH DETERMINATION OR, AT THE OPTION OF THE CHAIR OF THE GOVERNANCE COMMITTEE, TO THE NEXT REGULAR MEETING OF THE BOARD OF TRUSTEES. THE AFFECTED PERSON SHALL BE INFORMED OF ANY DECISION ON A PROMPT BASIS AND SHALL HAVE A RIGHT TO APPEAL THE DECISION BY SUBMITTING A WRITTEN REQUEST THEREFORE TO THE CHAIR OF THE GOVERNANCE COMMITTEE WITHIN 5 DAYS OF A DECISION, AND IF DESIRED, REQUESTING A HEARING WITHIN THE EXECUTIVE COMMITTEE. APPROPRIATE MINUTES OF ALL DELIBERATIONS SHALL BE KEPT, INCLUDING THE WRITTEN REPORT OF THE CHAIR OR GOVERNANCE COMMITTEE, AND SHALL BE FILED WITH THE BOOKS AND RECORDS OF THE SCHOOL BY THE SECRETARY OF THE BOARD. THE SECRETARY OR ASSISTANT SECRETARY OF THE BOARD SHALL DELIVER A COPY OF THIS POLICY TO EACH TRUSTEE, OFFICER AND PRESIDENT'S COUNCIL MEMBER OF THE SCHOOL, AND SHALL BE RESPONSIBLE FOR DELIVERY OF THE POLICY TO EACH PERSON WHO SHALL HEREAFTER FILL SUCH A POSITION. THE PRESIDENT OF THE SCHOOL SHALL BE RESPONSIBLE FOR ADVISING THE SECRETARY OF THE IDENTITY OF ALL SUCH PERSONS. ALL SUCH PERSONS SHALL DELIVER TO THE SECRETARY OR ASSISTANT SECRETARY A SIGNED RECEIPT AND ACCEPTANCE OF THIS POLICY AND A SIGNED STATEMENT EITHER OF NO CONFLICT OR DETAILING ANY APPARENT CONFLICTS WHICH MAY EXIST, WHETHER OR NOT PREVIOUSLY APPROVED. ADDITIONALLY, THE CHAIR OF THE GOVERNANCE COMMITTEE SHALL, ON AN ANNUAL BASIS AT A DULY CONSTITUTED BOARD OF TRUSTEES MEETING, REVIEW THE PURPOSES AND PROCEDURES OUTLINED ABOVE. DOCUMENT RETENTION Part VI, SECTION B, LINE 14 THE BOARD HAS NOT FORMALLY ADOPTED A SYSTEM-WIDE DOCUMENT RETENTION AND DESTRUCTION POLICY. OFFICER COMPENSATION FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION PAID TO OFFICERS AND KEY EMPLOYEES (INCLUDING CORPORATE OFFICERS) IS DETERMINED THROUGH A PROCESS WHICH FOLLOWS THE REBUTTABLE PRESUMPTION OF REASONABLENESS STANDARD. THE INDEPENDENT COMPENSATION COMMITTEE, IN CONSULTATION WITH THE PRESIDENT, REVIEWS KEY EMPLOYEE COMPENSATION TO LIKE POSITIONS AT COMPARABLE ORGANIZATIONS TO DETERMINE APPROPRIATE COMPENSATION (THIS EXECUTIVE COMPENSATION STUDY WAS CONDUCTED IN 2013 BY THE FIRM JAMES E. ROCCO ASSOC., INC. AND A WRITTEN REPORT WAS DELIVERED TO THE COMPENSATION COMMITTEE MEMBERS). THE INDEPENDENT COMPENSATION COMMITTEE ALSO REVIEWS THE PRESIDENT'S COMPENSATION IN THE SAME MANNER. COMPENSATION AMOUNTS ARE DETERMINED BY THE FINANCE AND FACILITIES COMMITTEE OF THE TRUSTEES AND REVIEWS ARE CONTEMPORANEOUSLY DOCUMENTED IN COMMITTEE MINUTES. DOCUMENT DISCLOSURE FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION WILL PROVIDE COPIES OF ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS TO THE GENERAL PUBLIC UPON WRITTEN REQUEST. OTHER CHANGES IN NET ASSETS FORM 990, PART XI, LINE 9 WRITE-OFF OF UNCOLLECTIBLE PLEDGES $(12,200) DONATION OF ARTWORK NOT REPORTED ON FINANCIAL STATEMENTS $(30,000) ---------- $(42,200)