The Boston Conservatory: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- The Boston Conservatory (EIN 04-2126597)
- Tax period
- 2012-07-01 to 2013-06-30
- Filed
- 2014-03-25
- IRS object ID
- 201430849349300718
- Schema version
- 2012v2.1
- 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 O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2014-03-25T11:12:41-05:00 | Timestamp |
| Tax Period End Date | 2013-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 010523282 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Berry Dunn McNeil & Parker LLC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| 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 | ReturnType |
| Tax Period Begin Date | 2012-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 042126597 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Boston Conservatory | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | BOST | NameControl |
| Phone | 6175366340 | Phone |
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 |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Richard Ortner | Name |
| Title | President | Title |
| Phone | 6175366340 | Phone |
| Date Signed | 2014-03-12 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Barbara J McGuan CPA | Name |
| PTIN | P00219457 | PTIN |
| Phone | 2077752387 | Phone |
| Date Prepared | 2014-03-12 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | Richard Ortner | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| 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 | 41126565 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | bostonconservatory.edu | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1927 | YearFormation |
| State Legal Domicile | MA | StateLegalDomicile |
| Activity Or Mission Description | Conservatory of music, dance and music theatre | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 25 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 24 | NbrIndependentVotingMembers |
| Total Nbr Employees | 876 | TotalNbrEmployees |
| Total Nbr Volunteers | 200 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 1151890 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 2768573 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 30889304 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 33147752 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 249170 | InvestmentIncomePriorYear |
| Investment Income Current Year | 753917 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 460682 | OtherRevenuePriorYear |
| Other Revenue Current Year | -268 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 32751046 | TotalRevenuePriorYear |
| Total Revenue Current Year | 36669974 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 8248528 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 9036948 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 13279430 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 14504410 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 45675 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 44240 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 927636 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 9483714 | OtherExpensePriorYear |
| Other Expenses Current Year | 8878585 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 31057347 | TotalExpensesPriorYear |
| Total Expenses Current Year | 32464183 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 1693699 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 4205791 | RevenuesLessExpensesCY |
| Total Assets BOY | 51562021 | TotalAssetsBOY |
| Total Assets EOY | 54997089 | TotalAssetsEOY |
| Total Liabilities BOY | 24695727 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 23670945 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 26866294 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 31326144 | NetAssetsOrFundBalancesEOY |
| Mission Description | 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. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 26780339 | Expense |
| Grants | 9036948 | Grants |
| Revenue | 33151132 | Revenue |
| Description | A conservatory of music, dance and music theatre, serving over 750 students, offering degrees in bachelors in music, bachelors in fine arts, and masters in music and music education. | Description |
| Total Program Service Expense | 26780339 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 1 | ReportOtherAssets |
| Report Other Liabilities | 0 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 0 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 1 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 1 | ProfessionalFundraising |
| Fundraising Activities | 1 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 1 | TaxExemptBonds |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBonds |
| Escrow Account | 0 | EscrowAccount |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 1 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 203 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 876 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 1 | QuidProQuoContributions |
| Quid Pro Quo Disclosure | 1 | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 25 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 24 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 0 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | MA | StatesWhereCopyOfReturnIsFiled |
| Other Website | X | OtherWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Eric Norman VP of Finance and Planning | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 6175366340 | TelephoneNumber |
Address US AddressUS
| 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 Form990PartVIISectionA (33 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Average Hours Per Week RelatedAverageHoursPerWeekRelated | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|
| Alfred Houston | ||||||||
| Chairman | 1.00 | 0.20 | X | X | 0 | 0 | 0 | |
| Curtis R Kemeny | ||||||||
| Past Vice Chair | 1.00 | 0.20 | X | X | 0 | 0 | 0 | |
| Kirk L Ramsauer | ||||||||
| Treasurer | 1.00 | 0.20 | X | X | 0 | 0 | 0 | |
| Mimi Hewlett | ||||||||
| Trustee | 1.00 | 0.00 | X | 0 | 0 | 0 | ||
| Elizabeth S Boveroux | ||||||||
| Trustee | 1.00 | 0.00 | X | 0 | 0 | 0 | ||
| Davi-Ellen Chabner | ||||||||
| Trustee | 1.00 | 0.00 | X | 0 | 0 | 0 | ||
| Caroline McMillan Collings | ||||||||
| Trustee | 1.00 | 0.00 | X | 0 | 0 | 0 | ||
| Cynthia Curme | ||||||||
| Trustee | 1.00 | 0.00 | X | 0 | 0 | 0 | ||
| Joanne Walton Dickinson Esq | ||||||||
| Trustee | 1.00 | 0.00 | X | 0 | 0 | 0 | ||
| Dr Diana Dohrmann | ||||||||
| Trustee | 1.00 | 0.00 | X | 0 | 0 | 0 | ||
| Gail S Flatto | ||||||||
| Trustee | 1.00 | 0.00 | X | 0 | 0 | 0 | ||
| Jeffrey Halsaver | ||||||||
| Trustee | 1.00 | 0.00 | X | 0 | 0 | 0 | ||
| Janet Sharp Kershaw | ||||||||
| Trustee | 1.00 | 0.00 | X | 0 | 0 | 0 | ||
| BJ Krintzman | ||||||||
| Trustee | 1.00 | 0.00 | X | 0 | 0 | 0 | ||
| Laura D Kunkemueller | ||||||||
| Trustee | 1.00 | 0.00 | X | 0 | 0 | 0 | ||
| Joseph C McNay | ||||||||
| Trustee | 1.00 | 0.00 | X | 0 | 0 | 0 | ||
| Kelly C McKernan | ||||||||
| Trustee | 1.00 | 0.00 | X | 0 | 0 | 0 | ||
| Gary R Mikula | ||||||||
| Trustee | 1.00 | 0.00 | X | 0 | 0 | 0 | ||
| Charlotte Prescott Newton | ||||||||
| Trustee | 1.00 | 0.00 | X | 0 | 0 | 0 | ||
| Anthony Pangaro | ||||||||
| Trustee | 1.00 | 0.00 | X | 0 | 0 | 0 | ||
| David Scott Sloan | ||||||||
| Vice Chairman | 1.00 | 0.00 | X | X | 0 | 0 | 0 | |
| Peter J Wender | ||||||||
| Trustee | 1.00 | 0.00 | X | 0 | 0 | 0 | ||
| George C White | ||||||||
| Trustee | 1.00 | 0.00 | X | 0 | 0 | 0 | ||
| Andy Vores | ||||||||
| Faculty Trustee | 35.00 | 0.00 | X | 84512 | 0 | 14640 | ||
| Marillyn Zacharis | ||||||||
| Trustee | 1.00 | 0.00 | X | 0 | 0 | 0 | ||
| Richard Ortner | ||||||||
| President | 34.80 | 0.20 | X | 350985 | 0 | 16786 | ||
| Joseph Edwards | ||||||||
| Clerk | 35.00 | 0.00 | X | 96614 | 0 | 11898 | ||
| Eric M Norman | ||||||||
| VP of Finance and Planning | 34.80 | 0.20 | X | 179243 | 0 | 25960 | ||
| Patricia Hoy | ||||||||
| VP of Academic Affairs | 35.00 | 0.00 | 190106 | 0 | 15759 | X | ||
| Karl Paulnack | ||||||||
| Past Director of Music Development | 35.00 | 0.00 | 105004 | 0 | 16910 | X | ||
| James O'Dell | ||||||||
| Assoc. Dean for Academic Operations | 35.00 | 0.00 | 105858 | 0 | 11481 | X | ||
| Carmen Griggs | ||||||||
| VP Administration | 35.00 | 0.00 | 122616 | 0 | 13058 | X | ||
| Neil Donohoe | ||||||||
| Director of MT | 35.00 | 0.00 | 108603 | 0 | 16168 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1343541 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 142660 | TotalOtherCompensation |
| Number Individuals GT100 K | 9 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| Northeastern University | |||||
| 480 Renaissance 360 Huntington Ave | Boston | MA | 02215 | Food Services | 1349785 |
| Utile Inc | |||||
| 50 Summer Street | Boston | MA | 02110 | Architect | 861372 |
| Longwood Security Services Inc | |||||
| 429 Newbury Street | Boston | MA | 02115 | Security | 354024 |
| Ellucian Company LP | |||||
| 62578 Collections Center Drive | Chicago | IL | 60693 | ERP Consultant | 304170 |
| Consigli Construction Co Inc | |||||
| 72 Summer Street | Milford | MA | 01757 | General Contractor | 168159 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 9 | NumberOfContractorsGT100K |
| Fundraising Events | 246945 | FundraisingEvents |
| All Other Contributions | 2521628 | AllOtherContributions |
| Noncash Contributions | 23983 | NoncashContributions |
| Total Contributions | 2768573 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| Tuition and Fees | 611110 | 28918725 | 28918725 |
| Room & Board | 611110 | 3302370 | 3302370 |
| Performance & Programs | 611110 | 674925 | 674925 |
| Miscellaneous Income | 900099 | 240223 | 240223 |
| Other Auxillary Income | 611110 | 11509 | 11509 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 33147752 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 234542 | TotalRevenueColumn |
| Exclusion | $234,542 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 59323 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 0 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 59323 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 59323 | TotalRevenueColumn |
| Exclusion | $59,323 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 4882135 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 4362760 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 519375 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 519375 | TotalRevenueColumn |
| Exclusion | $519,375 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 30860 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 246945 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 93831 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -62971 | TotalRevenueColumn |
| Exclusion | -$62,971 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Bad Debt Recovery | Description |
| Business Code | 900099 | BusinessCode |
| Total Revenue Column | 3380 | TotalRevenueColumn |
| Related Or Exempt Function Income | 3380 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 3380 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 36669974 | TotalRevenueColumn |
| Related Or Exempt Function Income | 33151132 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $750,269 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | X | InfoInScheduleOPartIX |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 9036948 | Total |
| Program Services | 9036948 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 825328 | Total |
| Management And General | 825328 | ManagementAndGeneral |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 11261585 | Total |
| Program Services | 9874666 | ProgramServices |
| Management And General | 907594 | ManagementAndGeneral |
| Fundraising | 479325 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 387122 | Total |
| Program Services | 314844 | ProgramServices |
| Management And General | 53936 | ManagementAndGeneral |
| Fundraising | 18342 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1184320 | Total |
| Program Services | 1123854 | ProgramServices |
| Management And General | 21897 | ManagementAndGeneral |
| Fundraising | 38569 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 846055 | Total |
| Program Services | 635468 | ProgramServices |
| Management And General | 173567 | ManagementAndGeneral |
| Fundraising | 37020 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 23135 | Total |
| Management And General | 23135 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 51010 | Total |
| Management And General | 51010 | ManagementAndGeneral |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 44240 | Total |
| Fundraising | 44240 | Fundraising |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 50521 | Total |
| Management And General | 50521 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1224992 | Total |
| Program Services | 588246 | ProgramServices |
| Management And General | 505077 | ManagementAndGeneral |
| Fundraising | 131669 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 227389 | Total |
| Program Services | 5690 | ProgramServices |
| Management And General | 221498 | ManagementAndGeneral |
| Fundraising | 201 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 384154 | Total |
| Program Services | 112519 | ProgramServices |
| Management And General | 231312 | ManagementAndGeneral |
| Fundraising | 40323 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 58647 | Total |
| Program Services | 30134 | ProgramServices |
| Management And General | 28513 | ManagementAndGeneral |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1761729 | Total |
| Program Services | 1435395 | ProgramServices |
| Management And General | 309699 | ManagementAndGeneral |
| Fundraising | 16635 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 244199 | Total |
| Program Services | 211392 | ProgramServices |
| Management And General | 16265 | ManagementAndGeneral |
| Fundraising | 16542 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 441794 | Total |
| Program Services | 91 | ProgramServices |
| Management And General | 441703 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 957263 | Total |
| Program Services | 800045 | ProgramServices |
| Management And General | 113307 | ManagementAndGeneral |
| Fundraising | 43911 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 199215 | Total |
| Management And General | 199215 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| Food Services | 1495991 | 1441383 | 33460 | 21148 |
| Events | 688123 | 654237 | 17071 | 16815 |
| Repairs & Maintenance | 453241 | 211420 | 238115 | 3706 |
| Miscellaneous | 329649 | 204895 | 106404 | 18350 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 287533 | Total |
| Program Services | 99112 | ProgramServices |
| Management And General | 187581 | ManagementAndGeneral |
| Fundraising | 840 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 32464183 | Total |
| Program Services | 26780339 | ProgramServices |
| Management And General | 4756208 | ManagementAndGeneral |
| Fundraising | 927636 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1917148 | BOY |
| EOY | 1928145 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 880387 | BOY |
| EOY | 770066 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2326212 | BOY |
| EOY | 1630471 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 155509 | BOY |
| EOY | 127270 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 77262 | BOY |
| EOY | 129477 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 15564 | BOY |
| EOY | 4 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 573005 | BOY |
| EOY | 169884 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 18960742 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 13029707 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5710871 | BOY |
| EOY | 5931035 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8790007 | BOY |
| EOY | 11045390 | EOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 374502 | BOY |
| EOY | 390365 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 30741554 | BOY |
| EOY | 32874982 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 51562021 | BOY |
| EOY | 54997089 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1864987 | BOY |
| EOY | 1922905 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2225564 | BOY |
| EOY | 1197322 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 20500348 | BOY |
| EOY | 20500348 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 104828 | BOY |
| EOY | 50370 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 24695727 | BOY |
| EOY | 23670945 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 21845935 | BOY |
| EOY | 25082579 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4654179 | BOY |
| EOY | 5375700 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 366180 | BOY |
| EOY | 867865 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 26866294 | BOY |
| EOY | 31326144 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 51562021 | BOY |
| EOY | 54997089 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | 4205791 | ReconcilationRevenueExpenses |
| Reconciliation Unrealized Invest | 254059 | ReconciliationUnrealizedInvest |
| Reconcilation Other Changes | 0 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 1 | AuditCommittee |
| Federal Grant Audit Required | 1 | FederalGrantAuditRequired |
| Federal Grant Audit Performed | 1 | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| 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) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 6195050 | BeginningOfYearBalance |
| Contributions | 1152720 | Contributions |
| Investment Earnings Or Losses | 511202 | InvestmentEarningsOrLosses |
| End Of Year Balance | 7858972 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 5367232 | BeginningOfYearBalance |
| Contributions | 651040 | Contributions |
| Investment Earnings Or Losses | 183278 | InvestmentEarningsOrLosses |
| Other Expenditures | 6500 | OtherExpenditures |
| End Of Year Balance | 6195050 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| End Of Year Balance | 5367232 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.89610 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.08990 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.01400 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 80161 | OtherCostOrOtherBasis |
| Book Value | 80161 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 11369886 | OtherCostOrOtherBasis |
| Depreciation | 7722410 | Depreciation |
| Book Value | 3647476 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1193689 | OtherCostOrOtherBasis |
| Depreciation | 861459 | Depreciation |
| Book Value | 332230 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 5703487 | OtherCostOrOtherBasis |
| Depreciation | 4400331 | Depreciation |
| Book Value | 1303156 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 613519 | OtherCostOrOtherBasis |
| Depreciation | 45507 | Depreciation |
| Book Value | 568012 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 5931035 | TotalOfBookValueLandBuildings |
Other Assets OtherAssets (3 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| Realty Corporation Receivable | 2634828 |
| Leverage Loan Receivable and Interest | 21970998 |
| Projects Under Development | 8269156 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 32874982 | TotalBookValueOtherAssets |
| Footnote In Part XIII | X | FootnoteInPartXIII |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (3 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Description of Intended Use of Endowment Funds: | Part V, Line 4: | The majority of the Conservatory's endowment funds are for scholarships. |
| Description of Uncertain Tax Positions Under FIN 48: | Part X, Line 2: | The standards for Accounting for Uncertainty in Income Taxes require the Conservatory to report any uncertain tax positions and to adjust its financial statements for the impact thereof. As of June 30, 2013, the Conservatory 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 Conservatory 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. |
| Part V: Prior year endowment fund balances have been restated to reflect certain unrestricted funds accumulated from past operating surpluses the Board of Trustees of the Conservatory have designated as a strategic reserve. While these funds have historically been classified as funds functioning as endowment, they bear no external restrictions and may be used for any purpose approved by the Board of Trustees. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 1 | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | 1 | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | 1 | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | 1 | MaintRacialCompositionRecords |
| Maint Scholarships Records | 1 | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | 1 | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | 1 | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | 0 | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | 0 | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | 0 | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | 0 | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | 0 | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | 0 | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActy |
| Government Financial Aid Received | 1 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII (3 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Explanation of Nondiscriminatory Policy Publication | Schedule E, Part I, Line 3 | See Part II |
| Explanation of Nondiscrimination Policy: | 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. The Conservatory customarily draws a substantial percentage of its students nationwide and worldwide. 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. |
| Explanation of Government Financial Aid: | 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 Family Education 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 | X | MailSolicitations |
| Email Solicitations | X | EmailSolicitations |
| Phone Solicitations | X | PhoneSolicitations |
| In Person Solicitations | X | InPersonSolicitations |
| Solicitation Of Non Govt Grants | X | SolicitationOfNonGovtGrants |
| Solicitation Of Govt Grants | X | SolicitationOfGovtGrants |
| Special Fundraising Events | X | SpecialFundraisingEvents |
| Agreement Ref Fundraising | 1 | AgreementRefFundraising |
Fundraiser Activity Information FundraiserActivityInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Individual | Mary Giurleo | NameOfIndividual |
Address US AddressUS
| 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 | Activity |
| Fundraiser Control Of Funds | 0 | FundraiserControlOfFunds |
| Gross Receipts | 646400 | GrossReceipts |
| Amount Retained By Contractor | 44240 | AmountRetainedByContractor |
| Net To Organization | 602160 | NetToOrganization |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Gross Receipts | 646400 | TotalGrossReceipts |
| Total Retained By Contractors | 44240 | TotalRetainedByContractors |
| Total Net To Organization | 602160 | TotalNetToOrganization |
| Licensed States | MA | LicensedStates |
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | Gala | NameOfEvent1 |
| Gross Receipts Event1 | 277805 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 246945 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 30860 | GrossRevenueEvent1 |
| Non Cash Prizes Event1 | 10920 | NonCashPrizesEvent1 |
| Rent Facility Costs Event1 | 5660 | RentFacilityCostsEvent1 |
| Food And Beverage Event1 | 47041 | FoodAndBeverageEvent1 |
| Entertainment Event1 | 26049 | EntertainmentEvent1 |
| Other Direct Expenses Event1 | 4161 | OtherDirectExpensesEvent1 |
| Gross Receipts Total | 277805 | GrossReceiptsTotal |
| Charitable Contributions Total | 246945 | CharitableContributionsTotal |
| Gross Revenue Total Events | 30860 | GrossRevenueTotalEvents |
| Non Cash Prizes Total Events | 10920 | NonCashPrizesTotalEvents |
| Rent Facility Costs Total Events | 5660 | RentFacilityCostsTotalEvents |
| Food And Beverage Total Events | 47041 | FoodAndBeverageTotalEvents |
| Entertainment Total Events | 26049 | EntertainmentTotalEvents |
| Other Direct Expenses Total Events | 4161 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 93831 | DirectExpenseSummaryEvents |
| Net Income Summary | -62971 | NetIncomeSummary |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII (14 entries)
| Type Of GrantTypeOfGrant | Number Of RecipientsNumberOfRecipients | Amount Of Cash GrantAmountOfCashGrant | Amount Of Non Cash AssistanceAmountOfNonCashAssistance | Method Of ValuationMethodOfValuation | Description Of Non Cash AssistanceDescriptionOfNonCashAssistance |
|---|---|---|---|---|---|
| Alfred Lee Scholarship | 1 | 0 | 3500 | FMV | Tuition Discounts |
| Presser Scholarship | 1 | 0 | 4800 | FMV | Tuition Discounts |
| William Seymour Scholarship | 2 | 0 | 1500 | FMV | Tuition Discounts |
| Jan Veen Scholarship | 12 | 0 | 30000 | FMV | Tuition Discounts |
| Churchill Scholarship | 1 | 0 | 13000 | FMV | Tuition Discounts |
| Tuition Remission | 3 | 0 | 78921 | FMV | Tuition Discounts |
| Boston Conservatory Grant | 119 | 0 | 687050 | FMV | Tuition Discounts |
| Boston Conservatory Scholarship | 523 | 0 | 7883207 | FMV | Tuition Discounts |
| Conductor's Orchestra Scholarship | 42 | 0 | 39500 | FMV | Tuition Discounts |
| Honors Quartet Tuition Assistance Grant | 7 | 0 | 3250 | FMV | Tuition Discounts |
| Music Education Scholarship | 40 | 0 | 111001 | FMV | Tuition Discounts |
| Music Education Tuition Assistance Grant | 40 | 0 | 108092 | FMV | Tuition Discounts |
| Tuition Assistance Grant | 15 | 0 | 39987 | FMV | Tuition Discounts |
| Miscellaneous Scholarships | 35 | 0 | 33140 | FMV | Tuition Discounts |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Procedure for Monitoring Grants in the U.S.: | Identifier |
| Return Reference | Part I, Line 2: | ReturnReference |
| Explanation | Schedule I, Part I, Line 2: Federal funds are monitored as follows: The Director of Financial Aid determines student eligibility for Pell, SEOG, FWS, ACG 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 prepares and records the journal entry to record the cash receipt. The Director of Finance reviews and reconciles the student accounts receivable from the general ledger to the billing system. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 1 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (3 entries)
| TitleTitle | Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Richard Ortner | ||||||||||||||
| President | 239338 | 0 | 70000 | 0 | 41647 | 0 | 7269 | 0 | 9517 | 0 | 367771 | 0 | 0 | 0 |
| Eric M Norman | ||||||||||||||
| VP of Finance and Planning | 179243 | 0 | 0 | 0 | 0 | 0 | 10299 | 0 | 15661 | 0 | 205203 | 0 | 0 | 0 |
| Patricia Hoy | ||||||||||||||
| VP of Academic Affairs | 190106 | 0 | 0 | 0 | 0 | 0 | 10112 | 0 | 5647 | 0 | 205865 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (2 entries)
| Return ReferenceReturnReference | ExplanationExplanation |
|---|---|
| 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. |
| Part I, Line 6 | $35,000 of the bonus paid to Richard Ortner, President of the Organization, is contingent on the net earnings of the Organization. |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI
| 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) |
|---|---|---|
| Issuer EIN | 043431814 | IssuerEIN |
| Date Issued | 2011-11-23 | DateIssued |
| Issue Price | 24500000 | IssuePrice |
| Description Of Purpose | Refinance and Construction | DescriptionOfPurpose |
| Defeased | 0 | Defeased |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Pool Financing | 0 | PoolFinancing |
Form990 Schedule K Part II Form990ScheduleKPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Total Proceeds | 20500348 | TotalProceeds |
| Issuance Costs From Proceeds | 380800 | IssuanceCostsFromProceeds |
| Capital Expenditures | 5067018 | CapitalExpenditures |
| Other Spent Proceeds | 15052530 | OtherSpentProceeds |
| Current Refunding | 1 | CurrentRefunding |
| Advance Refunding | 0 | AdvanceRefunding |
| Final Allocation Made | 0 | FinalAllocationMade |
| Adequate Books And Recds Maintaind | 1 | AdequateBooksAndRecdsMaintaind |
Form990 Schedule K Part III Form990ScheduleKPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Owning Bond Financed Property | 0 | OwningBondFinancedProperty |
| Any Lease Arrangements | 0 | AnyLeaseArrangements |
| Mngment Cntrct Bond Financd Prprty | 0 | MngmentCntrctBondFinancdPrprty |
| Any Research Agreements | 0 | AnyResearchAgreements |
| Bond Iss Meet Prvt Security Pay Test | 0 | BondIssMeetPrvtSecurityPayTest |
| Change In Use Bond Financed Prop | 0 | ChangeInUseBondFinancedProp |
| Non Qualified Bond Remed Procdrs | 1 | NonQualifiedBondRemedProcdrs |
Form990 Schedule K Part IV Form990ScheduleKPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Form8038 T Filed | 0 | Form8038TFiled |
| Rebate Not Due Yet | 0 | RebateNotDueYet |
| Exception To Rebate | 1 | ExceptionToRebate |
| No Rebate Due | 0 | NoRebateDue |
| Variable Rate Issue | 0 | VariableRateIssue |
| Hedge Identified In Books And Recds | 0 | HedgeIdentifiedInBooksAndRecds |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGIC |
| Gross Proceeds Invested | 0 | GrossProceedsInvested |
| Written Proc To Monitor Reqs | 0 | WrittenProcToMonitorReqs |
Form990 Schedule K Part V Form990ScheduleKPartV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Proc To Undertk Corrective Action | 0 | ProcToUndertkCorrectiveAction |
Form990 Schedule K Part VI Form990ScheduleKPartVI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Schedule K, Part II, Line 3: | Identifier |
| Explanation | Total amount of proceeds of the bond issues as of 06/30/2013 are not identical to the issue price listed in Part I, Column (E) because all of the bond proceeds have yet to be drawn for the construction project. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (5 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| 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 Board 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 15 | 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 IX, line 11g | Other: Program service expenses 18,144. Management and general expenses 149,488. Fundraising expenses 123,500. Total expenses 291,132. Security: Program service expenses 336,813. Management and general expenses 0. Fundraising expenses 0. Total expenses 336,813. Temporary Help: Program service expenses 83,488. Management and general expenses 43,545. Fundraising expenses 4,579. Total expenses 131,612. Maintenance & Housekeeping: Program service expenses 149,801. Management and general expenses 312,044. Fundraising expenses 3,590. Total expenses 465,435. | Other Fees |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII (2 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Exempt Code SectionExemptCodeSection | Public Charity StatusPublicCharityStatus | Business Name Line1DirectControllingEntityName/BusinessNameLine1 | Controlled OrgControlledOrg |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 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 | 1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 1 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Dividends Related Organization | 0 | DividendsRelatedOrganization |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 1 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 0 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (2 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved | Method Of Amt DeterminationMethodOfAmtDetermination |
|---|---|---|
| The Boston Conservatory Realty Corp | ||
| D | 2634828 | Loan Payable Balance |
| The Boston Conservatory Realty Corp | ||
| K | 320000 | Rent Expense Paid |