THE COLBURN SCHOOL: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- THE COLBURN SCHOOL (EIN 95-2501387)
- Tax period
- 2011-07-01 to 2012-06-30
- Filed
- 2013-04-12
- IRS object ID
- 201341039349300139
- Schema version
- 2011v1.5
- 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 K
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-04-12T13:36:52-05:00 | Timestamp |
| Tax Period End Date | 2012-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GRANT THORNTON LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE CALIFORNIA STREET SUITE 2300 | AddressLine1 |
| City | SAN FRANCISCO | City |
| State | CA | State |
| ZIP Code | 94111 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 952501387 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Colburn School | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of Name | % KAREN S LOVETT | InCareOfName |
| Name Control | COLB | NameControl |
| Phone | 2136212200 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 200 South Grand Avenue | AddressLine1 |
| City | Los Angeles | City |
| State | CA | State |
| ZIP Code | 90012 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Seth Weintraub | Name |
| Title | Chief Financial Officer | Title |
| Date Signed | 2013-04-05 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JOSEPH S DE TRANE | Name |
| Phone | 4159863900 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | Sel Kardan | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 200 South Grand Avenue | AddressLine1 |
| City | Los Angeles | City |
| State | CA | State |
| ZIP Code | 90012 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 138759018 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | www.ColburnSchool.edu | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1951 | YearFormation |
| State Legal Domicile | CA | StateLegalDomicile |
| Activity Or Mission Description | The Colburn School provides outstanding performing arts education in an optimum environment. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 31 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 31 | NbrIndependentVotingMembers |
| Total Nbr Employees | 339 | TotalNbrEmployees |
| Total Nbr Volunteers | 80 | TotalNbrVolunteers |
| Total Gross UBI | 185060 | TotalGrossUBI |
| Contributions Grants Prior Year | 10677215 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 10999854 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 8924513 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 9269122 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 17503271 | InvestmentIncomePriorYear |
| Investment Income Current Year | 5359023 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 1392840 | OtherRevenuePriorYear |
| Other Revenue Current Year | 1532205 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 38497839 | TotalRevenuePriorYear |
| Total Revenue Current Year | 27160204 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 5479029 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 5467114 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 13067772 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 14641324 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 60303 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 1263028 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 18267124 | OtherExpensePriorYear |
| Other Expenses Current Year | 17469165 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 36813925 | TotalExpensesPriorYear |
| Total Expenses Current Year | 37637906 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 1683914 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -10477702 | RevenuesLessExpensesCY |
| Total Assets BOY | 331903614 | TotalAssetsBOY |
| Total Assets EOY | 312347959 | TotalAssetsEOY |
| Total Liabilities BOY | 145687960 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 158432623 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 186215654 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 153915336 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | THE COLBURN SCHOOL PROVIDES outstanding PERFORMING ARTS EDUCATION IN LOS ANGELES. EXTRACURRICULAR EDUCATION IS PROVIDED TO MORE THAN 2,000 DIVERSE STUDENTS; CONSERVATORY AND ACADEMY MUSIC EDUCATION TO GIFTED PUPIL | MissionDescription |
| Significant New Program Services | true | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 33494963 | Expense |
| Grants | 5467114 | Grants |
| Revenue | 9269122 | Revenue |
| Description | See Sch O | Description |
| Total Program Service Expense | 33494963 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | true | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | false | LobbyingActivities |
| Subject To Proxy Tax | false | SubjectToProxyTax |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | true | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | true | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | false | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | true | ReportFin48Footnote |
| Independent Audit Financial Stmt | true | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | false | ConsolidatedAuditFinancialStmt |
| School | true | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | false | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | true | ProfessionalFundraising |
| Fundraising Activities | true | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | false | GrantsToOrganizations |
| Grants To Individuals | true | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | true | TaxExemptBonds |
| Invest Tax Exempt Bonds | false | InvestTaxExemptBonds |
| Escrow Account | false | EscrowAccount |
| On Behalf Of Issuer | false | OnBehalfOfIssuer |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | true | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | true | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | true | RelatedEntity |
| Related Org Controlled Entity | false | RelatedOrgControlledEntity |
| Transaction Related Entity | false | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | false | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 120 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 339 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | true | UnrelatedBusinessIncome |
| Form990-T Filed | true | Form990-TFiled |
| Foreign Financial Account | true | ForeignFinancialAccount |
| Name Of Foreign Country | EI | NameOfForeignCountry |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | true | QuidProQuoContributions |
| Quid Pro Quo Disclosure | true | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 31 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 31 | NumberIndependentVotingMembers |
| Family Or Business Relationship | true | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | false | MembersOrStockholders |
| Election Of Board Members | false | ElectionOfBoardMembers |
| Decisions Subject To Approval | false | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | CA | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | KAREN S LOVETT | NamePerson |
| Telephone Number | 2136211046 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 200 S GRAND AVENUE | AddressLine1 |
| City | Los Angeles | City |
| State | CA | State |
| ZIP Code | 90012 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | X | InfoInScheduleOPartVII |
Form990 Part VII Section A Form990PartVIISectionA (41 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|
| Wendy Kelman | ||||||||
| Board Chairperson | 1.0 | X | X | 0 | 0 | 0 | ||
| Alice Coulombe | ||||||||
| Vice Chairperson | 1.0 | X | X | 0 | 0 | 0 | ||
| Eugene Krieger | ||||||||
| Vice Chairman | 1.0 | X | X | 0 | 0 | 0 | ||
| Pedro Pizarro | ||||||||
| Vice Chairman | 1.0 | X | X | 0 | 0 | 0 | ||
| Tom Leddy | ||||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | |||
| Robert Attiyeh | ||||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | |||
| David Barry | ||||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | |||
| Nancy Griffith Baxter | ||||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | |||
| Bradley H Ellis | ||||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | |||
| Joan Boyett | ||||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | |||
| Dan Clement | ||||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | |||
| Richard W Colburn | ||||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | |||
| Christiane Cuse | ||||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | |||
| Jennifer Diener | ||||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | |||
| Placido Domingo | ||||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | |||
| Robert Egelston | ||||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | |||
| Richard Grant | ||||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | |||
| Aliza Lesser | ||||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | |||
| Carol C Grigor | ||||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | |||
| Catherine C Hogel | ||||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | |||
| Steven Matt | ||||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | |||
| Beverly Ryder | ||||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | |||
| Keith Terasaki | ||||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | |||
| Peter Wardle | ||||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | |||
| Warner H Henry | ||||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | |||
| Robert E Lewis | ||||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | |||
| Daniel L Avchen | ||||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | |||
| Andrew Millstein | ||||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | |||
| Charles C Read | ||||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | |||
| Ann Ronus | ||||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | |||
| Jim Ward | ||||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | |||
| Sel Kardan | ||||||||
| CEO / President | 40.0 | X | 347428 | 0 | 43028 | |||
| Seth Weintraub | ||||||||
| CFO / Treasurer | 40.0 | X | 212688 | 0 | 12685 | |||
| Patrick Morrow | ||||||||
| Dir. Office of Pres | 40.0 | X | 111386 | 0 | 7335 | |||
| Richard Beene | ||||||||
| Dean | 40.0 | 252633 | 0 | 27157 | X | |||
| Allison Sampson | ||||||||
| Sr VP of Advancement | 40.0 | 204732 | 0 | 12288 | X | |||
| Yehuda Gilad | ||||||||
| Professor | 40.0 | 191889 | 0 | 11547 | X | |||
| Ory Shihor | ||||||||
| Professor | 40.0 | 204205 | 0 | 17436 | X | |||
| Ronald Leonard | ||||||||
| Professor | 40.0 | 212294 | 0 | 12658 | X | |||
| Robert Lipsett | ||||||||
| Professor | 40.0 | 313162 | 0 | 23578 | X | |||
| John Perry | ||||||||
| Professor | 40.0 | 183231 | 0 | 23120 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 2233648 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 190832 | TotalOtherCompensation |
| Number Individuals GT100 K | 26 | NumberIndividualsGT100K |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| Universal Protection Service LP | |||||
| PO Box 101034 | PASADENA | CA | 911891034 | Bldg. Security | 644868 |
| Facilities Support Services | |||||
| 7112 Sophia Ave | VAN NUYS | CA | 91406 | Building Janitorial | 487588 |
| Maguire Properties - One Cal Plaza | |||||
| Dept LA 23281 | PASADENA | CA | 911853281 | Parking Rents | 329802 |
| Angeles Investment Advisors | |||||
| 429 Santa Monica Blvd Ste 650 | SANTA MONICA | CA | 904013424 | Investment Mgt. | 278608 |
| Grant Thornton LLP | |||||
| PO Box 51552 | LOS ANGELES | CA | 900515852 | Audit & Tax | 129816 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 5 | NumberOfContractorsGT100K |
| Fundraising Events | 679633 | FundraisingEvents |
| Related Organizations | 6707500 | RelatedOrganizations |
| All Other Contributions | 3612721 | AllOtherContributions |
| Noncash Contributions | 68011 | NoncashContributions |
| Total Contributions | 10999854 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| TUITION INCOME | 900099 | 8688137 | 8688137 |
| RENTAL INCOME | 531120 | 580985 | 580985 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 9269122 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 4612162 | TotalRevenueColumn |
| Unrelated Business Revenue | 185060 | UnrelatedBusinessRevenue |
| Exclusion | $4,427,102 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 112153197 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 111406336 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 746861 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 746861 | TotalRevenueColumn |
| Exclusion | $746,861 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 37950 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 679633 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 192478 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -154528 | TotalRevenueColumn |
| Exclusion | -$154,528 | ExclusionAmount |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | ExclusionExclusionAmount |
|---|---|---|---|
| CAFE REVENUE | 722210 | 1409830 | $1,409,830 |
| OTHER INCOME | 900099 | 149058 | $149,058 |
| FILM SHOOTS | 900099 | 54261 | $54,261 |
Miscellaneous Revenue MiscellaneousRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 73584 | TotalRevenueColumn |
| Exclusion | $73,584 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 1686733 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 27160204 | TotalRevenueColumn |
| Related Or Exempt Function Income | 9269122 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 185060 | UnrelatedBusinessRevenue |
| Exclusion | $6,706,168 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5467114 | Total |
| Program Services | 5467114 | ProgramServices |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1280509 | Total |
| Program Services | 198779 | ProgramServices |
| Management And General | 864061 | ManagementAndGeneral |
| Fundraising | 217669 | Fundraising |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 10942359 | Total |
| Program Services | 9713863 | ProgramServices |
| Management And General | 648876 | ManagementAndGeneral |
| Fundraising | 579620 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 365313 | Total |
| Program Services | 321540 | ProgramServices |
| Management And General | 19590 | ManagementAndGeneral |
| Fundraising | 24183 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1169073 | Total |
| Program Services | 1025373 | ProgramServices |
| Management And General | 92306 | ManagementAndGeneral |
| Fundraising | 51394 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 884070 | Total |
| Program Services | 731581 | ProgramServices |
| Management And General | 94821 | ManagementAndGeneral |
| Fundraising | 57668 | Fundraising |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 79014 | Total |
| Program Services | 76468 | ProgramServices |
| Management And General | 1797 | ManagementAndGeneral |
| Fundraising | 749 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 56573 | Total |
| Program Services | 22180 | ProgramServices |
| Management And General | 34284 | ManagementAndGeneral |
| Fundraising | 109 | Fundraising |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 211486 | Total |
| Program Services | 111146 | ProgramServices |
| Management And General | 95836 | ManagementAndGeneral |
| Fundraising | 4504 | Fundraising |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 60303 | Total |
| Fundraising | 60303 | Fundraising |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 578009 | Total |
| Management And General | 578009 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2138268 | Total |
| Program Services | 1933515 | ProgramServices |
| Management And General | 154352 | ManagementAndGeneral |
| Fundraising | 50401 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 118615 | Total |
| Program Services | 110250 | ProgramServices |
| Management And General | 8364 | ManagementAndGeneral |
| Fundraising | 1 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 549111 | Total |
| Program Services | 481205 | ProgramServices |
| Management And General | 27952 | ManagementAndGeneral |
| Fundraising | 39954 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 120574 | Total |
| Program Services | 102575 | ProgramServices |
| Management And General | 7285 | ManagementAndGeneral |
| Fundraising | 10714 | Fundraising |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2065519 | Total |
| Program Services | 2016083 | ProgramServices |
| Management And General | 22613 | ManagementAndGeneral |
| Fundraising | 26823 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 183111 | Total |
| Program Services | 135228 | ProgramServices |
| Management And General | 42757 | ManagementAndGeneral |
| Fundraising | 5126 | Fundraising |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 26991 | Total |
| Program Services | 15661 | ProgramServices |
| Management And General | 8711 | ManagementAndGeneral |
| Fundraising | 2619 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3387931 | Total |
| Program Services | 3320173 | ProgramServices |
| Management And General | 33879 | ManagementAndGeneral |
| Fundraising | 33879 | Fundraising |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4462826 | Total |
| Program Services | 4373570 | ProgramServices |
| Management And General | 44628 | ManagementAndGeneral |
| Fundraising | 44628 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 451968 | Total |
| Program Services | 442523 | ProgramServices |
| Management And General | 4945 | ManagementAndGeneral |
| Fundraising | 4500 | Fundraising |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| INSTRUMENTS | 193434 | 174060 | 19343 | 31 |
| EQUIPMENT & FURNITURE | 95735 | 87165 | 8086 | 484 |
| SUBSCRIPTION | 67654 | 59349 | 6322 | 1983 |
| UBI TAXES | 2033 | 2033 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2680313 | Total |
| Program Services | 2575562 | ProgramServices |
| Management And General | 59065 | ManagementAndGeneral |
| Fundraising | 45686 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 37637906 | Total |
| Program Services | 33494963 | ProgramServices |
| Management And General | 2879915 | ManagementAndGeneral |
| Fundraising | 1263028 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5838706 | BOY |
| EOY | 5962486 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1038998 | BOY |
| EOY | 1526725 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Receivables From Disqual Persons ReceivablesFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 467598 | BOY |
| EOY | 328635 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 154656732 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 30838216 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 127446414 | BOY |
| EOY | 123818516 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 133957035 | BOY |
| EOY | 132258965 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 60204968 | BOY |
| EOY | 46970092 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2949895 | BOY |
| EOY | 1482540 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 331903614 | BOY |
| EOY | 312347959 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1074794 | BOY |
| EOY | 1450330 | EOY |
Grants Payable GrantsPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 222875 | BOY |
| EOY | 193768 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 134115000 | BOY |
| EOY | 134115000 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Loans From Officers Directors LoansFromOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10275291 | BOY |
| EOY | 22673525 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 145687960 | BOY |
| EOY | 158432623 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 146841021 | BOY |
| EOY | 117003118 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6032119 | BOY |
| EOY | 3518093 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 33342514 | BOY |
| EOY | 33394125 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 186215654 | BOY |
| EOY | 153915336 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 331903614 | BOY |
| EOY | 312347959 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -10477702 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -21822616 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | false | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
| Contrib By Controlling Individual | false | ContribByControllingIndividual |
| Contribution By Related Party | false | ContributionByRelatedParty |
| Contrib By35 Controlled Entity | false | ContribBy35ControlledEntity |
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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Public Exhibition Amts | ArtPublicExhibitionAmts | |
| Held Works Of Art Amts | HeldWorksOfArtAmts |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 153166240 | BeginningOfYearBalance |
| Contributions | 51611 | Contributions |
| Investment Earnings Or Losses | -2663931 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 117639 | GrantsOrScholarships |
| Other Expenditures | 4603953 | OtherExpenditures |
| End Of Year Balance | 145832328 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 121353360 | BeginningOfYearBalance |
| Contributions | 4001 | Contributions |
| Investment Earnings Or Losses | 35654999 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 101241 | GrantsOrScholarships |
| Other Expenditures | 3744879 | OtherExpenditures |
| End Of Year Balance | 153166240 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 109614631 | BeginningOfYearBalance |
| Contributions | 69543 | Contributions |
| Investment Earnings Or Losses | 14835574 | InvestmentEarningsOrLosses |
| Other Expenditures | 3166388 | OtherExpenditures |
| End Of Year Balance | 121353360 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 134666936 | BeginningOfYearBalance |
| Contributions | 7057721 | Contributions |
| Investment Earnings Or Losses | -30297002 | InvestmentEarningsOrLosses |
| Other Expenditures | 1813024 | OtherExpenditures |
| End Of Year Balance | 109614631 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.74960 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.22900 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.02140 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | false | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | true | EndowmentsHeldByRelatedOrgs |
| Are Related Orgs Listed Schedule R | true | AreRelatedOrgsListedScheduleR |
| Land | Land |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 138215064 | OtherCostOrOtherBasis |
| Depreciation | 21803734 | Depreciation |
| Book Value | 116411330 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 869262 | OtherCostOrOtherBasis |
| Depreciation | 349049 | Depreciation |
| Book Value | 520213 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 7050282 | OtherCostOrOtherBasis |
| Depreciation | 5618299 | Depreciation |
| Book Value | 1431983 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 8522124 | OtherCostOrOtherBasis |
| Depreciation | 3067134 | Depreciation |
| Book Value | 5454990 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 123818516 | TotalOfBookValueLandBuildings |
| Financial Derivatives | FinancialDerivatives | |
| Closely Held Equity Interests | CloselyHeldEquityInterests |
Other Securities OtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | OTHER SECURITIES | Description |
| Book Value | 46970092 | BookValue |
| Method Of Valuation | F | MethodOfValuation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 46970092 | TotalOfBookValueSecurities |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | INTEREST RATE SWAP AGREEMENT | Description |
| Amount | $22,673,525 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 22673525 | TotalOfAmounts |
| Total Revenue | 27160204 | TotalRevenue |
| Total Expenses | 37637906 | TotalExpenses |
| Excess Or Deficit For Year | -10477702 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | -7704323 | NetUnrealizedGLOnInvestments |
| Other | -$20,268,642 | OtherAmount |
| Total Adjustments | -27972965 | TotalAdjustments |
| Excess Or Deficit Per FS | -38450667 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 8586637 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | -7704323 | NetUnrealizedGainsInvestments |
| Other Revenues | -10289201 | OtherRevenues |
| Revenue Not Rptd F990 | -17993524 | RevenueNotRptdF990 |
| Revenue Subtotal | 26580161 | RevenueSubtotal |
| Investment Expenses Not Included | 580043 | InvestmentExpensesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 580043 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 27160204 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 29968662 | TotExpensesEtcAuditedFinclStmt |
| Expenses Subtotal | 29968662 | ExpensesSubtotal |
| Investment Expenses Not Included2 | 580043 | InvestmentExpensesNotIncluded2 |
| Other Expenses Not Included | 7089201 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 7669244 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 37637906 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Use of Endowment Funds | Identifier |
| Return Reference | Schedule D, Part V, Question 4 | ReturnReference |
| Explanation | The School's endowment is established for a variety of purposes including various support, Department Chair endowments, scholarship support, and core programs. FIN 48 (ASC 740) Footnote Schedule D, Part X, Line 2 The School is an education organization for federal and state income, gift, estate and inheritance purposes and has been recognized by the Internal Revenue Service as an organization that is exempt from income tax pursuant to Section 501(c) (3) of the Internal Revenue Code, and has also been recognized by the Franchise Tax Board as an organization that is exempt from income and franchise taxes pursuant to California Revenue and Taxation Code section 23701-d, except with respect to any unrelated business income. In addition, the School is exempt from California property taxes on its real and personal property used for educational purposes. In July 2006, FASB issued ASC Topic No. 740, Accounting for Uncertainty in Income Taxes (ASC 740), which requires entities to determine whether it is "more likely than not" that a tax position will be sustained upon examination by the appropriate taxing authorities. An uncertain tax position will not be recognized if it has less than a 50% likelihood of being sustained. The school adopted the provisions of ASC 740 on July 1, 2007. Adoption of this provision did not have an impact on the School's financial statements, as management believes there are no uncertain tax positions within its financial statements. There have been no material changes in unrecognized benefits since July 1, 2007, nor are any anticipated in the next 12 months following June 30,2012. There have been no related tax penalties or interest, which would be classified as tax expense in the statement of activities. The open federal and state tax years are as follows: Jurisdiction Open Tax Years Federal - US 2008 through 2011 California 2007 through 2011 Reconciliation of Change in Net Assets Schedule D, Part XI, Question 8 The Colburn Music Fund, a separate, private foundation for tax purposes, files its own tax return. Therefore, it is not included in this return. It is included in the audited financial statements in accordance with Generally Accepted Accounting Principles because it irrevocably benefits the School. For the School's tax return, any Colburn Music Fund transactions appear as reconciling items between audited financial statement amounts and tax return amounts. Unrealized loss on interest rate swap related to bonds: ($12,398,233) Change in interest in Colburn Music Fund: ($2,950,349) Loss on Extinguishment/restructuring of debt: ($1,720,060) Distribution from Colburn Music Fund: ($3,200,000) Total: ($20,268,642) Reconciliation of Revenue to Audited Financial Statements Schedule D, Part XII, Question 2d Expenses from rental activity netted with rental income ($182,561), caf expenses ($1,439,526), Distribution from Colburn Music Fund ($3,200,000), and scholarships ($5,467,114) netted with respective revenue, gains, and other support line item on audited financial statements, but reported as expenses and losses on return. Schedule D, Part XIII, Question 4b Expenses from rental activity netted with rental income ($182,561), caf expenses ($1,439,526), and scholarships ($5,467,114) netted with respective revenue, gains, and other support line item on audited financial statements, but reported as expenses and losses on return. | Explanation |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | true | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | true | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | true | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | true | MaintRacialCompositionRecords |
| Maint Scholarships Records | true | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | true | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | true | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | false | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | false | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | false | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | false | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | false | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | false | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | false | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | false | DiscriminateRaceOtherActy |
| Government Financial Aid Received | false | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | false | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | true | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Racially Nondiscriminatory Policy | Identifier |
| Return Reference | Schedule E, Question 3 | ReturnReference |
| Explanation | The school annually runs an advertisement in the Los Angeles Times and posts our nondiscriminatory policy on our own website and in our promotional materials. | Explanation |
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 |
| Special Fundraising Events | X | SpecialFundraisingEvents |
| Agreement Ref Fundraising | true | AgreementRefFundraising |
Fundraiser Activity Information FundraiserActivityInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Individual | Charles R Feldstein Co | NameOfIndividual |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 737 North Michigan Ave | AddressLine1 |
| City | Chicago | City |
| State | IL | State |
| ZIP Code | 60611 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Activity | Consulting | Activity |
| Fundraiser Control Of Funds | false | FundraiserControlOfFunds |
| Amount Retained By Contractor | 60303 | AmountRetainedByContractor |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Retained By Contractors | 60303 | TotalRetainedByContractors |
| Licensed States | CA | LicensedStates |
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | Annual Gala | NameOfEvent1 |
| Gross Receipts Event1 | 717583 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 679633 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 37950 | GrossRevenueEvent1 |
| Food And Beverage Event1 | 52592 | FoodAndBeverageEvent1 |
| Other Direct Expenses Event1 | 139886 | OtherDirectExpensesEvent1 |
| Total Number Of Other Events | 0 | TotalNumberOfOtherEvents |
| Gross Receipts Total | 717583 | GrossReceiptsTotal |
| Charitable Contributions Total | 679633 | CharitableContributionsTotal |
| Gross Revenue Total Events | 37950 | GrossRevenueTotalEvents |
| Food And Beverage Total Events | 52592 | FoodAndBeverageTotalEvents |
| Other Direct Expenses Total Events | 139886 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 192478 | DirectExpenseSummaryEvents |
| Net Income Summary | -154528 | NetIncomeSummary |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | true | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII (3 entries)
| Type Of GrantTypeOfGrant | Number Of RecipientsNumberOfRecipients | Amount Of Cash GrantAmountOfCashGrant |
|---|---|---|
| Conservatory Scholarship | 113 | 4836522 |
| CSPA Scholarship | 496 | 519332 |
| Academy Scholarship | 19 | 111260 |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Procedures for Monitoring the Use of Grant Funds in the U.S. | Identifier |
| Return Reference | Schedule I, Part I, Question 2 | ReturnReference |
| Explanation | Financial Aid / Grants are awarded based on need (as evidenced by application and supporting documents), and provided based on supported (receipts) expenses for approved travel, books and health insurance. Stipends for meals are set by allowance. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Discretionary Spending Account | X | DiscretionarySpendingAccount |
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Written Policy Re T And E Expenses | true | WrittenPolicyReTAndEExpenses |
| Substantiation Required | false | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Written Employment Contract | X | WrittenEmploymentContract |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | false | SeverancePayment |
| Supplemental Nonqual Retire Plan | false | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | false | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | false | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | false | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | false | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | false | AnyNonFixedPayments |
| Initial Contract Exception | false | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (9 entries)
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sel Kardan | |||||||||||||
| 315011 | 0 | 0 | 0 | 32417 | 0 | 15751 | 0 | 27277 | 0 | 390456 | 0 | 0 | 0 |
| Seth Weintraub | |||||||||||||
| 212688 | 0 | 0 | 0 | 0 | 0 | 10634 | 0 | 2051 | 0 | 225373 | 0 | 0 | 0 |
| Richard Beene | |||||||||||||
| 252633 | 0 | 0 | 0 | 0 | 0 | 12632 | 0 | 14525 | 0 | 279790 | 0 | 0 | 0 |
| Allison Sampson | |||||||||||||
| 204732 | 0 | 0 | 0 | 0 | 0 | 10237 | 0 | 2051 | 0 | 217020 | 0 | 0 | 0 |
| Yehuda Gilad | |||||||||||||
| 191889 | 0 | 0 | 0 | 0 | 0 | 9594 | 0 | 1953 | 0 | 203436 | 0 | 0 | 0 |
| Ory Shihor | |||||||||||||
| 204205 | 0 | 0 | 0 | 0 | 0 | 10210 | 0 | 7226 | 0 | 221641 | 0 | 0 | 0 |
| Ronald Leonard | |||||||||||||
| 212294 | 0 | 0 | 0 | 0 | 0 | 10615 | 0 | 2043 | 0 | 224952 | 0 | 0 | 0 |
| Robert Lipsett | |||||||||||||
| 313162 | 0 | 0 | 0 | 0 | 0 | 15658 | 0 | 7920 | 0 | 336740 | 0 | 0 | 0 |
| John Perry | |||||||||||||
| 183231 | 0 | 0 | 0 | 0 | 0 | 9162 | 0 | 13958 | 0 | 206351 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Questions Regarding Compensation | Identifier |
| Return Reference | Schedule J, Part I, Question 1b | ReturnReference |
| Explanation | A discretionary spending account in the form of an auto allowance is provided to the president only. The payments are reported as taxable compensation and reported on Form W-2. Schedule J, Part I, Question 1b A housing allowance is provided to the President only. It was pre-approved by the board and is reported on his form W-2 as taxable compensation. Schedule J, Part I, Question 2 Expense reimbursement follows IRS guidelines for an accountable plan; requiring authorization, authentication of business purpose and substantiation with receipts. The housing allowance and auto allowance for the President does not fall under our accountable plan, and is, therefore, taxed to the President. | Explanation |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CIEDB Series 2011 | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Issuer EIN | 630304653 | IssuerEIN |
| CUSIP Number | 13033W7N7 | CUSIPNumber |
| Date Issued | 2011-10-11 | DateIssued |
| Issue Price | 64925000 | IssuePrice |
| Description Of Purpose | Refinance of Series 2006A | DescriptionOfPurpose |
| Defeased | false | Defeased |
| On Behalf Of Issuer | false | OnBehalfOfIssuer |
| Pool Financing | false | PoolFinancing |
Form990 Schedule K Part II Form990ScheduleKPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amount Retired | 0 | AmountRetired |
| Amount Bond Defeased | 0 | AmountBondDefeased |
| Total Proceeds | 64925000 | TotalProceeds |
| Amount In Reserve Fund | 0 | AmountInReserveFund |
| Capitalized Interest | 0 | CapitalizedInterest |
| Refunding Escrow | 0 | RefundingEscrow |
| Issuance Costs From Proceeds | 701375 | IssuanceCostsFromProceeds |
| Credit Enhancement | 0 | CreditEnhancement |
| Working Capital Expenditures | 0 | WorkingCapitalExpenditures |
| Capital Expenditures | 0 | CapitalExpenditures |
| Other Spent Proceeds | 64223625 | OtherSpentProceeds |
| Amount Unspent | 0 | AmountUnspent |
| Current Refunding | true | CurrentRefunding |
| Advance Refunding | false | AdvanceRefunding |
| Final Allocation Made | true | FinalAllocationMade |
| Adequate Books And Recds Maintaind | true | AdequateBooksAndRecdsMaintaind |
Form990 Schedule K Part III Form990ScheduleKPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Owning Bond Financed Property | false | OwningBondFinancedProperty |
| Any Lease Arrangements | true | AnyLeaseArrangements |
| Mngment Cntrct Bond Financd Prprty | true | MngmentCntrctBondFinancdPrprty |
| Engage Bond Counsel Contracts | true | EngageBondCounselContracts |
| Any Research Agreements | false | AnyResearchAgreements |
| Prcntge Prvt Business Use By Others | 0.01800 | PrcntgePrvtBusinessUseByOthers |
| Total Private Business Use | 0.01800 | TotalPrivateBusinessUse |
| Post Issuance Compliance Procdrs | true | PostIssuanceComplianceProcdrs |
Form990 Schedule K Part IV Form990ScheduleKPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8038 T Filed | false | Form8038TFiled |
| Variable Rate Issue | true | VariableRateIssue |
| Hedge Identified In Books And Recds | false | HedgeIdentifiedInBooksAndRecds |
Name Of Hedge Provider NameOfHedgeProvider
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | 0 | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Proceeds Invested In GIC | false | GrossProceedsInvestedInGIC |
Name Of GIC Provider NameOfGICProvider
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | 0 | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Proceeds Invested | true | GrossProceedsInvested |
| Exception To Rebate | false | ExceptionToRebate |
Form990 Schedule K Part VI Form990ScheduleKPartVI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SEE SCHEDULE O | Identifier |
| Return Reference | 0 | ReturnReference |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CIEDB Series 2008 | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Issuer EIN | 630304653 | IssuerEIN |
| CUSIP Number | 13033W6z1 | CUSIPNumber |
| Date Issued | 2011-03-01 | DateIssued |
| Issue Price | 69190000 | IssuePrice |
| Description Of Purpose | Series 2008 ReIssuance | DescriptionOfPurpose |
| Defeased | false | Defeased |
| On Behalf Of Issuer | false | OnBehalfOfIssuer |
| Pool Financing | false | PoolFinancing |
Form990 Schedule K Part II Form990ScheduleKPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amount Retired | 0 | AmountRetired |
| Amount Bond Defeased | 0 | AmountBondDefeased |
| Total Proceeds | 69190000 | TotalProceeds |
| Amount In Reserve Fund | 0 | AmountInReserveFund |
| Capitalized Interest | 0 | CapitalizedInterest |
| Refunding Escrow | 0 | RefundingEscrow |
| Issuance Costs From Proceeds | 544920 | IssuanceCostsFromProceeds |
| Credit Enhancement | 0 | CreditEnhancement |
| Working Capital Expenditures | 0 | WorkingCapitalExpenditures |
| Capital Expenditures | 0 | CapitalExpenditures |
| Other Spent Proceeds | 68645080 | OtherSpentProceeds |
| Amount Unspent | 0 | AmountUnspent |
| Current Refunding | true | CurrentRefunding |
| Advance Refunding | false | AdvanceRefunding |
| Final Allocation Made | true | FinalAllocationMade |
| Adequate Books And Recds Maintaind | true | AdequateBooksAndRecdsMaintaind |
Form990 Schedule K Part III Form990ScheduleKPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Owning Bond Financed Property | false | OwningBondFinancedProperty |
| Any Lease Arrangements | true | AnyLeaseArrangements |
| Mngment Cntrct Bond Financd Prprty | true | MngmentCntrctBondFinancdPrprty |
| Engage Bond Counsel Contracts | true | EngageBondCounselContracts |
| Any Research Agreements | false | AnyResearchAgreements |
| Prcntge Prvt Business Use By Others | 0.01700 | PrcntgePrvtBusinessUseByOthers |
| Total Private Business Use | 0.01700 | TotalPrivateBusinessUse |
| Post Issuance Compliance Procdrs | true | PostIssuanceComplianceProcdrs |
Form990 Schedule K Part IV Form990ScheduleKPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8038 T Filed | false | Form8038TFiled |
| Variable Rate Issue | true | VariableRateIssue |
| Hedge Identified In Books And Recds | false | HedgeIdentifiedInBooksAndRecds |
Name Of Hedge Provider NameOfHedgeProvider
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | 0 | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Proceeds Invested In GIC | false | GrossProceedsInvestedInGIC |
Name Of GIC Provider NameOfGICProvider
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | 0 | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Proceeds Invested | true | GrossProceedsInvested |
| Exception To Rebate | false | ExceptionToRebate |
Form990 Schedule K Part VI Form990ScheduleKPartVI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SEE SCHEDULE O | Identifier |
| Return Reference | 0 | ReturnReference |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV
Name Of Interested Person NameOfInterestedPerson
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | Wells Fargo Bank | NamePerson |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship | SEE PART V | Relationship |
| Description Of Transaction | SEE PART V | DescriptionOfTransaction |
| Sharing Of Revenues | false | SharingOfRevenues |
Form990 Schedule L Part V Form990ScheduleLPartV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Description of Business Transactions Involving Interested Persons | Identifier |
| Return Reference | Schedule L, Part IV, Columns B-D | ReturnReference |
| Explanation | Nancy Baxter, a board member of the school, is a senior vice president at Wells Fargo Bank which is a major and key vendor of the school providing loans and other business transactions. She serves at the education and nonprofit division of Wells Fargo Bank where she has no interest, influence, or control over any school business transactions at Wells Fargo Bank. The amount of transaction between the school and Wells Fargo Bank varies as there were multiple transactions that occurred during the year. Additional information is available upon request. | Explanation |
Schedule M IRS990ScheduleM
| Field | Value | IRS element (for citing) |
|---|---|---|
| Works Of Art | WorksOfArt | |
| Art Historical Treasures | ArtHistoricalTreasures | |
| Art Fractional Interest | ArtFractionalInterest | |
| Books And Publications | BooksAndPublications | |
| Clothing And Household Goods | ClothingAndHouseholdGoods | |
| Cars And Other Vehicles | CarsAndOtherVehicles | |
| Boats And Planes | BoatsAndPlanes | |
| Intellectual Property | IntellectualProperty |
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 10 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 68011 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | Market Quotation | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities Closely Held Stock | SecuritiesCloselyHeldStock | |
| Securities Prtnrshp Trust Intrsts | SecuritiesPrtnrshpTrustIntrsts | |
| Securities Miscellaneous | SecuritiesMiscellaneous | |
| Qualified Contrib Hist Struct | QualifiedContribHistStruct | |
| Qualified Contrib Other | QualifiedContribOther | |
| Real Estate Residential | RealEstateResidential | |
| Real Estate Commercial | RealEstateCommercial | |
| Real Estate Other | RealEstateOther | |
| Collectibles | Collectibles | |
| Food Inventory | FoodInventory | |
| Drugs And Medical Supplies | DrugsAndMedicalSupplies | |
| Taxidermy | Taxidermy | |
| Historical Artifacts | HistoricalArtifacts | |
| Scientific Specimens | ScientificSpecimens | |
| Archaeological Artifacts | ArchaeologicalArtifacts | |
| Number Of8283 Received | 0 | NumberOf8283Received |
| Any Property That Must Be Held | false | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | true | ReviewProcessUnusualNCGifts |
| Third Parties Used | true | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (6 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Undertake New Program Service | Part III, Question 2 | The School began a program aimed at the adult population of Los Angeles called "Adult Studies", designed to provide general music and dance classes. Program Service Activity Part III, Question 4a The Colburn School of Performing Arts offers instruction in the performing arts for students of all ages and community service programs which bring music to under-served children in inner city Schools. The School of Performing Arts was organized in the 1950's and offers classes, lessons and workshops in Music, Dance, Drama and Voice to approximately 1,800 students ranging in age from toddler to adult. The Colburn School began a comprehensive curriculum of classes called 'The Academy' in 2011, designed to aid pre-college age students to become well rounded musicians. In 2012, The Colburn School added a program called "Adult Studies" to provide music and dance classes for the adult population of Los Angeles. The Colburn Conservatory of Music began in 2003. Conservatory programs are awarded to qualified students pursuing the highest levels of classical music performance training. Conservatory programs range from two to four years in length and result in either a Bachelors of Music Degree, Performance Diploma, an Artist's Diploma or Professional Studies Certificate. The Conservatory is accredited by the National Association of Schools of Music. Board Member Having a Family Relationship with Another Board Member Part VI, Section A, Question 2 Board Member Catherine Hogel is the daughter of Board Member Carol Colburn Grigor. Board Member Richard W. Colburn is the brother of Carol Colburn Grigor and the Uncle of Catherine Hogel. Form 990 Review Process Part VI, Section B, Question 11b The form 990 is completed annually and reviewed by the CFO with the President and the Audit Committee. Once the CFO, President and Audit Committee are in agreement on the final 990, copies are provided to the entire governing board, prior to it being filed. The Audit Committee reviews the 990 with the governing board. Once the 990 is considered final, the CFO will sign the return, or the authorization form for electronic filing, and submit by the filing deadline. Written Conflict of Interest Policy Part VI, Section B, Question 12c Board members are required to disclose conflicts on the Conflicts of Interest Questionnaire. If conflicts are disclosed or otherwise brought to their attention, the board will review the potential conflict. It may determine that a conflict exists, but poses no risk of harm to the School or that some remedial action or intervention is necessary. The board documents discussion of the potential conflict and its resolution. The School also requires periodic review of transactions and relationships to ensure that there are no conflicts of interest. Determination of Compensation Part VI, Section B, Question 15a and 15b The process for reviewing and approving compensation includes review and approval by the board of directors and/or compensation committee of the board, provided that persons with conflicts of interest with respect to the compensation arrangement at issue are not involved in the review and approval. We use comparable compensation data for similarly qualified individuals in functionally comparable positions at similarly situated organizations; and contemporaneous documentation and recordkeeping with respect to the deliberations and decisions regarding the compensation arrangement is maintained. Disclosure of Organizational Documents to the Public Part VI, Section C, Question 19 Governing documents and conflict of interest policy of the school, subject to the Federal or California state public disclosure rules are made publicly available as applicable law may require. Otherwise, governing documents and conflict of interest policy are provided to the public at the discretion of management. The financial statements and Form 990 of the School are publicly available as required by federal and state public disclosure rules. The School's website contains a statement to this effect and invites the public to contact the School if they wish to have this information. Upon receipt of an email, regular mail or telephone inquiry, the School sends the requested information as required. Reconciliation of Net Assets Part XI, Question 5 Unrealized Loss on Interest Rate Swap Related To Bonds: $($12,398,233) Loss on Extinguishment / Restructuring of Debt: ($1,720,060) Net Unrealized Loss on Investment: $(7,704,323) Schedule K, Part I, Column (F) CIEDB Series 2011: The 2006A bond was issued on November 30, 2006. CIEDB Series 2008: The 2008 bonds were issued on December 9, 2008. The 2006B bonds were issued on November 30, 2006. The 2005A and 2005B bonds were issued on March 30, 2005. Procedures to Undertake Corrective Action Schedule K, Part V The Colburn School follows post-bond issuance tax compliance procedures in accordance with Treasury Regulation Section 1.141-12. The school practices a due diligence review and works the BLX Group LLC, a third-party post-issuance compliance firm, to ensure that violations of federal tax requirements are timely identified and corrected through the voluntary closing agreement program of which there are none. Currently, there is no written policy that formally outlines the procedures. The school plans to adopt a written policy in 2013. |
| HOURS DEVOTED FOR RELATED ORGANIZATION | FORM 990 PART VII | NAME:Eugene Krieger TITLE:Vice Chairman HOURS:2 |
| HOURS DEVOTED FOR RELATED ORGANIZATION | FORM 990 PART VII | NAME:Robert Attiyeh TITLE:Board Member HOURS:1 |
| HOURS DEVOTED FOR RELATED ORGANIZATION | FORM 990 PART VII | NAME:Richard W. Colburn TITLE:Board Member HOURS:2 |
| HOURS DEVOTED FOR RELATED ORGANIZATION | FORM 990 PART VII | NAME:Robert Egelston TITLE:Board Member HOURS:2 |
| HOURS DEVOTED FOR RELATED ORGANIZATION | FORM 990 PART VII | NAME:Carol C. Grigor TITLE:Board Member HOURS:2 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Colburn Music Fund | ||||||||||
| 1000 Wilshire Blvd | Los Angeles | CA | 90017 | 954804766 | Private FDN | CA | 501(c)(3) | 08 | Colburn schl | false |
| Colburn Foundation | ||||||||||
| 1000 Wilshire Blvd | Los Angeles | CA | 90017 | 954693145 | Private FDN | CA | 501(c)(3) | 08 | Colburn schl | false |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | false | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | false | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | true | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | false | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | false | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | false | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | false | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | false | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | false | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | false | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | false | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | false | SharingOfFacilities |
| Sharing Of Paid Employees | false | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | false | OtherTransferToOtherOrg |
| Other Transfer From Other Org | false | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (2 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved | Method Of Amt DeterminationMethodOfAmtDetermination |
|---|---|---|
| Colburn Music Fund | ||
| c | 3200000 | Cost |
| Colburn Foundation | ||
| c | 3507500 | Cost |