THE COLBURN SCHOOL: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- THE COLBURN SCHOOL (EIN 95-2501387)
- Tax period
- 2010-07-01 to 2011-06-30
- Filed
- 2012-03-05
- IRS object ID
- 201230659349301193
- Schema version
- 2010v3.7
- 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 L
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-03-05T19:27:30-06:00 | Timestamp |
| Tax Period End Date | 2011-06-30 | 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 | 2010-07-01 | 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) |
|---|---|---|
| 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 |
| Phone | 2136212200 | Phone |
| Date Signed | 2012-02-22 | DateSigned |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JOE DETRANE | Name |
| Phone | 4159863900 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | Seljuk 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 | 102659138 | 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 world class performing arts education in an optimum environment. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 25 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 25 | NbrIndependentVotingMembers |
| Total Nbr Employees | 337 | TotalNbrEmployees |
| Total Nbr Volunteers | 90 | TotalNbrVolunteers |
| Total Gross UBI | -258919 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -297109 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 4015245 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 10677215 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 8495702 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 8924513 | ProgramServiceRevenueCY |
| Investment Income Prior Year | -2610211 | InvestmentIncomePriorYear |
| Investment Income Current Year | 17503271 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 410030 | OtherRevenuePriorYear |
| Other Revenue Current Year | 1392840 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 10310766 | TotalRevenuePriorYear |
| Total Revenue Current Year | 38497839 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 5360565 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 5479029 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 11573491 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 13067772 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 17000 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 1094294 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 17464764 | OtherExpensePriorYear |
| Other Expenses Current Year | 18267124 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 34415820 | TotalExpensesPriorYear |
| Total Expenses Current Year | 36813925 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -24105054 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 1683914 | RevenuesLessExpensesCY |
| Total Assets BOY | 305945976 | TotalAssetsBOY |
| Total Assets EOY | 331903614 | TotalAssetsEOY |
| Total Liabilities BOY | 148896066 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 145687960 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 157049910 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 186215654 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | The Colburn School provides world class performing arts education in LA. Extracurricular education is provided to more than 2,000 diverse students; conservatory and academy music education to gifted pupils. | MissionDescription |
| Significant New Program Services | true | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 33005185 | Expense |
| Grants | 5479029 | Grants |
| Revenue | 8924513 | Revenue |
| Description | 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. 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. | Description |
| Total Program Service Expense | 33005185 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | true | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | false | LobbyingActivities |
| 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 | false | 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 | false | 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 | 81 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 337 | 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 |
| Excess Business Holdings | false | ExcessBusinessHoldings |
| Taxable Distributions | false | TaxableDistributions |
| Distribution To Donor | false | DistributionToDonor |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 25 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 25 | 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 | JOHN A RYAN | NamePerson |
| Telephone Number | 2136211043 | 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 |
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 | FormerFormer |
|---|---|---|---|---|---|---|---|---|---|
| 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 | |||||||||
| Asst. Treasurer | 1.0 | X | 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 | ||||
| Deborah Borda | |||||||||
| 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 | ||||
| Christine 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 | ||||
| Edmund D Edelman | |||||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | ||||
| Robert Egelston | |||||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | ||||
| Lucy Farber | |||||||||
| Board Member - Part Year | 1.0 | X | 0 | 0 | 0 | ||||
| Richard Grant | |||||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | ||||
| Warner Henry | |||||||||
| 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 | ||||
| Susan K Solomon | |||||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | ||||
| Peter Wardle | |||||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | ||||
| Ian White-Thomson | |||||||||
| Board Member - Part Year | 1.0 | X | 0 | 0 | 0 | ||||
| Peter Whybrow MD | |||||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | ||||
| Sel Kardan | |||||||||
| CEO / President | 40.0 | X | 342361 | 0 | 33049 | ||||
| Seth Weintraub | |||||||||
| CFO / Treasurer | 40.0 | X | 176488 | 0 | 10872 | ||||
| Patrick Morrow | |||||||||
| Dir. Office of Pres/ Sec. | 40.0 | X | 81891 | 0 | 9879 | ||||
| Richard Beene | |||||||||
| Dean | 40.0 | 243475 | 0 | 27076 | X | ||||
| Allison Sampson | |||||||||
| Sr VP of Advancement | 40.0 | 169277 | 0 | 6683 | X | ||||
| Paul Coletti | |||||||||
| Professor | 40.0 | 173817 | 0 | 21979 | X | ||||
| Yehuda Gilad | |||||||||
| Professor | 40.0 | 173922 | 0 | 10648 | X | ||||
| Ronald Leonard | |||||||||
| Professor | 40.0 | 230422 | 0 | 13544 | X | ||||
| Robert Lipsett | |||||||||
| Professor | 40.0 | 303018 | 0 | 23253 | X | ||||
| John Perry | |||||||||
| Professor | 40.0 | 172596 | 0 | 22965 | X | ||||
| Jean Sommerville | |||||||||
| Former CFO | 0.0 | 157643 | 0 | 20003 | X | ||||
| Michael C Hockett | |||||||||
| Former COO | 0.0 | 184470 | 0 | 15760 | X | ||||
| Deborah Berman | |||||||||
| Former Dean | 0.0 | 159075 | 0 | 4358 | X | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 2568455 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 220069 | TotalOtherCompensation |
| Number Individuals GT100 K | 28 | NumberIndividualsGT100K |
| Formers Listed | true | 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 Services | |||||
| PO Box 101034 | PASADENA | CA | 911891034 | Building Security | 789739 |
| Facilities Support Services | |||||
| 7112 Sophia Avenue | VAN NUYS | CA | 91406 | Building Janitorial | 623759 |
| Chapman Cutler LLP | |||||
| PO Box 71291 | CHICAGO | IL | 60694 | Legal | 170000 |
| Latham Watkins LLP | |||||
| PO Box 894256 | LOS ANGELES | CA | 90189 | Legal | 157968 |
| Grant Thornton LLP | |||||
| PO Box 51552 | LOS ANGELES | CA | 90051 | Audit & Tax | 121487 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 6 | NumberOfContractorsGT100K |
| Fundraising Events | 341089 | FundraisingEvents |
| Related Organizations | 7700000 | RelatedOrganizations |
| Government Grants | 12500 | GovernmentGrants |
| All Other Contributions | 2623626 | AllOtherContributions |
| Noncash Contributions | 10915 | NoncashContributions |
| Total Contributions | 10677215 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| TUITION INCOME | 900099 | 8471505 | 8471505 |
| RENTAL INCOME | 531120 | 453008 | 453008 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 8924513 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 3827224 | TotalRevenueColumn |
| Unrelated Business Revenue | -258919 | UnrelatedBusinessRevenue |
| Exclusion | $4,086,143 | 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 | 77704836 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 64028789 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 13676047 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 13676047 | TotalRevenueColumn |
| Exclusion | $13,676,047 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 63000 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 341089 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 132510 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -69510 | TotalRevenueColumn |
| Exclusion | -$69,510 | 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 | 1229570 | $1,229,570 |
| UBIT REFUND | 900099 | 113560 | $113,560 |
| FILM SHOOTS | 900099 | 38329 | $38,329 |
Miscellaneous Revenue MiscellaneousRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 80891 | TotalRevenueColumn |
| Exclusion | $80,891 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 1462350 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 38497839 | TotalRevenueColumn |
| Related Or Exempt Function Income | 8924513 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | -258919 | UnrelatedBusinessRevenue |
| Exclusion | $19,155,030 | 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 | 5479029 | Total |
| Program Services | 5479029 | 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 | 1207255 | Total |
| Program Services | 199962 | ProgramServices |
| Management And General | 787409 | ManagementAndGeneral |
| Fundraising | 219884 | 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 | 9745455 | Total |
| Program Services | 8647470 | ProgramServices |
| Management And General | 614506 | ManagementAndGeneral |
| Fundraising | 483479 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 282588 | Total |
| Program Services | 248500 | ProgramServices |
| Management And General | 18459 | ManagementAndGeneral |
| Fundraising | 15629 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1006962 | Total |
| Program Services | 871281 | ProgramServices |
| Management And General | 83962 | ManagementAndGeneral |
| Fundraising | 51719 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 825512 | Total |
| Program Services | 685034 | ProgramServices |
| Management And General | 88827 | ManagementAndGeneral |
| Fundraising | 51651 | Fundraising |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 77262 | Total |
| Program Services | 73302 | ProgramServices |
| Management And General | 895 | ManagementAndGeneral |
| Fundraising | 3065 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 29473 | Total |
| Program Services | 6593 | ProgramServices |
| Management And General | 22880 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 135008 | Total |
| Program Services | 73953 | ProgramServices |
| Management And General | 51828 | ManagementAndGeneral |
| Fundraising | 9227 | 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 | 0 | Total |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 607263 | Total |
| Management And General | 607263 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2044525 | Total |
| Program Services | 1875352 | ProgramServices |
| Management And General | 140887 | ManagementAndGeneral |
| Fundraising | 28286 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 145941 | Total |
| Program Services | 138885 | ProgramServices |
| Management And General | 5971 | ManagementAndGeneral |
| Fundraising | 1085 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 466694 | Total |
| Program Services | 389093 | ProgramServices |
| Management And General | 40039 | ManagementAndGeneral |
| Fundraising | 37562 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 135526 | Total |
| Program Services | 117405 | ProgramServices |
| Management And General | 15538 | ManagementAndGeneral |
| Fundraising | 2583 | Fundraising |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1896882 | Total |
| Program Services | 1840802 | ProgramServices |
| Management And General | 35840 | ManagementAndGeneral |
| Fundraising | 20240 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 133099 | Total |
| Program Services | 107451 | ProgramServices |
| Management And General | 20893 | ManagementAndGeneral |
| Fundraising | 4755 | 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 | 65171 | Total |
| Program Services | 29428 | ProgramServices |
| Management And General | 12691 | ManagementAndGeneral |
| Fundraising | 23052 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3967222 | Total |
| Program Services | 3887878 | ProgramServices |
| Management And General | 39672 | ManagementAndGeneral |
| Fundraising | 39672 | Fundraising |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4803189 | Total |
| Program Services | 4707125 | ProgramServices |
| Management And General | 48032 | ManagementAndGeneral |
| Fundraising | 48032 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 450913 | Total |
| Program Services | 447406 | ProgramServices |
| Fundraising | 3507 | Fundraising |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| SUBSCRIPTIONS | 46790 | 37868 | 7201 | 1721 |
| EQUIPMENT & FURNITURE | 64923 | 61421 | 3117 | 385 |
| INSTRUMENTS | 126020 | 126020 | ||
| LIBRARY | 50563 | 50563 | ||
| DUES & MEMBERSHIPS | 25904 | 9619 | 16003 | 282 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2994756 | Total |
| Program Services | 2893745 | ProgramServices |
| Management And General | 52533 | ManagementAndGeneral |
| Fundraising | 48478 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 36813925 | Total |
| Program Services | 33005185 | ProgramServices |
| Management And General | 2714446 | ManagementAndGeneral |
| Fundraising | 1094294 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7556554 | BOY |
| EOY | 5838706 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4289466 | BOY |
| EOY | 1038998 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Accounts Receivable | AccountsReceivable |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 581274 | BOY |
| EOY | 467598 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 153879167 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 26432753 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 131771172 | BOY |
| EOY | 127446414 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 115395620 | BOY |
| EOY | 133957035 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 37272181 | BOY |
| EOY | 60204968 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9079709 | BOY |
| EOY | 2949895 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 305945976 | BOY |
| EOY | 331903614 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1426216 | BOY |
| EOY | 1074794 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 241683 | BOY |
| EOY | 222875 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 134115000 | BOY |
| EOY | 134115000 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13113167 | BOY |
| EOY | 10275291 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 148896066 | BOY |
| EOY | 145687960 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 121484142 | BOY |
| EOY | 146841021 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2227255 | BOY |
| EOY | 6032119 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 33338513 | BOY |
| EOY | 33342514 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 157049910 | BOY |
| EOY | 186215654 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 305945976 | BOY |
| EOY | 331903614 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 1683914 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 27481830 | 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 | 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 Minus1 Year CurrentYearMinus1Year
| 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 Minus2 Years CurrentYearMinus2Years
| 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 | 0.74670 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.21770 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.03560 | 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 | 18338283 | Depreciation |
| Book Value | 119876781 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 575096 | OtherCostOrOtherBasis |
| Depreciation | 265630 | Depreciation |
| Book Value | 309466 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 6604946 | OtherCostOrOtherBasis |
| Depreciation | 5124979 | Depreciation |
| Book Value | 1479967 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 8484061 | OtherCostOrOtherBasis |
| Depreciation | 2703861 | Depreciation |
| Book Value | 5780200 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 127446414 | TotalOfBookValueLandBuildings |
| Financial Derivatives | FinancialDerivatives | |
| Closely Held Equity Interests | CloselyHeldEquityInterests |
Other Securities OtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | OTHER SECURITIES | Description |
| Book Value | 60204968 | BookValue |
| Method Of Valuation | F | MethodOfValuation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 60204968 | TotalOfBookValueSecurities |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | INTEREST RATE SWAP AGREEMENTS | Description |
| Amount | $10,275,291 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 10275291 | TotalOfAmounts |
| Total Revenue | 38497839 | TotalRevenue |
| Total Expenses | 36813925 | TotalExpenses |
| Excess Or Deficit For Year | 1683914 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 25946509 | NetUnrealizedGLOnInvestments |
| Other | $14,064,083 | OtherAmount |
| Total Adjustments | 40010592 | TotalAdjustments |
| Excess Or Deficit Per FS | 41694506 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 51407957 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 25946509 | NetUnrealizedGainsInvestments |
| Other Revenues | -12429129 | OtherRevenues |
| Revenue Not Rptd F990 | 13517380 | RevenueNotRptdF990 |
| Revenue Subtotal | 37890577 | RevenueSubtotal |
| Investment Expenses Not Included | 607262 | InvestmentExpensesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 607262 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 38497839 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 29477534 | TotExpensesEtcAuditedFinclStmt |
| Expenses Subtotal | 29477534 | ExpensesSubtotal |
| Investment Expenses Not Included2 | 607262 | InvestmentExpensesNotIncluded2 |
| Other Expenses Not Included | 6729129 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 7336391 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 36813925 | 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 is exempt from income tax under section 501(c)(3) of the Internal revenue code, and corresponding California tax code 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. 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 2006 through 2009 California 2005 through 2009 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 gain on interest rate swap related to bonds: $2,837,876 Change in interest in Colburn Music Fund: $12,528,762 Loss on Extinguishment/restructuring of debt: ($1,302,555) Total: $14,064,083 Reconciliation of Revenue to Audited Financial Statements Schedule D, Part XII, Question 2d Expenses from rental activity netted with rental income ($60,742), caf expenses ($1,189,357), change in interest in Colburn Music Fund ($5,700,000), and scholarships ($5,479,030) 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 ($60,742), caf expenses ($1,189,357), and scholarships ($5,479,030) 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 | true | 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. Financial Aid or Assistance from Governmental Agency Schedule E, Question 6a The School received a grant from the National Endowment for the Arts (NEA) in the amount of $12,500. | Explanation |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | Annual Gala | NameOfEvent1 |
| Gross Receipts Event1 | 404089 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 341089 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 63000 | GrossRevenueEvent1 |
| Food And Beverage Event1 | 52053 | FoodAndBeverageEvent1 |
| Other Direct Expenses Event1 | 80457 | OtherDirectExpensesEvent1 |
| Total Number Of Other Events | 0 | TotalNumberOfOtherEvents |
| Gross Receipts Total | 404089 | GrossReceiptsTotal |
| Charitable Contributions Total | 341089 | CharitableContributionsTotal |
| Gross Revenue Total Events | 63000 | GrossRevenueTotalEvents |
| Food And Beverage Total Events | 52053 | FoodAndBeverageTotalEvents |
| Other Direct Expenses Total Events | 80457 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 132510 | DirectExpenseSummaryEvents |
| Net Income Summary | -69510 | NetIncomeSummary |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | true | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII (2 entries)
| Type Of GrantTypeOfGrant | Number Of RecipientsNumberOfRecipients | Amount Of Cash GrantAmountOfCashGrant |
|---|---|---|
| Conservatory Scholarship | 118 | 5043949 |
| CSPA Scholarship | 318 | 435080 |
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) |
|---|---|---|
| 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 | true | 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 (12 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 | |||||||||||||
| 306361 | 0 | 0 | 0 | 36000 | 0 | 15318 | 0 | 17731 | 0 | 375410 | 0 | 0 | 0 |
| Seth Weintraub | |||||||||||||
| 176488 | 0 | 0 | 0 | 0 | 0 | 8824 | 0 | 2048 | 0 | 187360 | 0 | 0 | 0 |
| Richard Beene | |||||||||||||
| 243475 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 243475 | 0 | 0 | 0 |
| Deborah Berman | |||||||||||||
| 0 | 0 | 0 | 0 | 159075 | 0 | 0 | 0 | 4358 | 0 | 163433 | 0 | 0 | 0 |
| Jean Sommerville | |||||||||||||
| 0 | 0 | 0 | 0 | 157643 | 0 | 7882 | 0 | 12121 | 0 | 177646 | 0 | 0 | 0 |
| Michael C Hockett | |||||||||||||
| 0 | 0 | 0 | 0 | 184470 | 0 | 9224 | 0 | 6536 | 0 | 200230 | 0 | 0 | 0 |
| Paul Coletti | |||||||||||||
| 173817 | 0 | 0 | 0 | 0 | 0 | 8691 | 0 | 13288 | 0 | 195796 | 0 | 0 | 0 |
| Yehuda Gilad | |||||||||||||
| 173922 | 0 | 0 | 0 | 0 | 0 | 8696 | 0 | 1952 | 0 | 184570 | 0 | 0 | 0 |
| Ronald Leonard | |||||||||||||
| 230422 | 0 | 0 | 0 | 0 | 0 | 11521 | 0 | 2023 | 0 | 243966 | 0 | 0 | 0 |
| Robert Lipsett | |||||||||||||
| 303018 | 0 | 0 | 0 | 0 | 0 | 15151 | 0 | 8102 | 0 | 326271 | 0 | 0 | 0 |
| John Perry | |||||||||||||
| 172596 | 0 | 0 | 0 | 0 | 0 | 8630 | 0 | 14335 | 0 | 195561 | 0 | 0 | 0 |
| Allison Sampson | |||||||||||||
| 169277 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 169277 | 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 housing allowance is provided to the President only. The amount is $3,000/month. 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 for the President does not fall under our accountable plan, and is, therefore, taxed to the President. Schedule J, Question 4 Former CFO, COO and Dean each received payments based on their severance agreements. Jean Sommerville: $157,643 Mike Hockett: $184,470 Deborah Berman: $159,075 | Explanation |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI (2 entries)
| Issuer EINIssuerEIN | CUSIP NumberCUSIPNumber | Date IssuedDateIssued | Issue PriceIssuePrice | Description Of PurposeDescriptionOfPurpose | DefeasedDefeased | On Behalf Of IssuerOnBehalfOfIssuer | Pool FinancingPoolFinancing |
|---|---|---|---|---|---|---|---|
| ca infrastructure and economic development bank | |||||||
| 630304653 | 13033wxa6 | 2006-11-30 | 132925000 | refunding of series 2005A/2005B | false | false | false |
| ca infrastructure and economic development bank | |||||||
| 630304653 | 13033w6z1 | 2011-03-01 | 69190000 | series 2008 reissuance | false | false | false |
Form990 Schedule K Part II Form990ScheduleKPartII (2 entries)
| Amount RetiredAmountRetired | Amount Bond DefeasedAmountBondDefeased | Total ProceedsTotalProceeds | Amount In Reserve FundAmountInReserveFund | Capitalized InterestCapitalizedInterest | Refunding EscrowRefundingEscrow | Issuance Costs From ProceedsIssuanceCostsFromProceeds | Credit EnhancementCreditEnhancement | Working Capital ExpendituresWorkingCapitalExpenditures | Capital ExpendituresCapitalExpenditures | Other Spent ProceedsOtherSpentProceeds | Amount UnspentAmountUnspent | Year Of Subst CompletionYearOfSubstCompletion | Current RefundingCurrentRefunding | Advance RefundingAdvanceRefunding | Final Allocation MadeFinalAllocationMade | Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 68000000 | 0 | 132925426 | 0 | 0 | 0 | 1043195 | 1882231 | 0 | 0 | 130000000 | 0 | 2008 | true | false | true | true |
| 0 | 0 | 69190000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 69190000 | 0 | 2008 | true | false | true | true |
Form990 Schedule K Part III Form990ScheduleKPartIII (2 entries)
| Owning Bond Financed PropertyOwningBondFinancedProperty | Any Lease ArrangementsAnyLeaseArrangements | Mngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprty | Any Research AgreementsAnyResearchAgreements | Bond Counsel Routinely EngagedBondCounselRoutinelyEngaged | Prcntge Prvt Business Use By OthersPrcntgePrvtBusinessUseByOthers | Percentage Of Prvt Business Re UBIPercentageOfPrvtBusinessReUBI | Total Private Business UseTotalPrivateBusinessUse | Post Issuance Compliance ProcdrsPostIssuanceComplianceProcdrs |
|---|---|---|---|---|---|---|---|---|
| false | true | true | false | true | 0.01800 | 0.00000 | 0.01800 | true |
| false | true | true | false | true | 0.01700 | 0.00000 | 0.01700 | true |
Form990 Schedule K Part IV Form990ScheduleKPartIV (2 entries)
| Form8038 T FiledForm8038TFiled | Variable Rate IssueVariableRateIssue | Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds | Gross Proceeds Invested In GICGrossProceedsInvestedInGIC | Gross Proceeds InvestedGrossProceedsInvested | Exception To RebateExceptionToRebate |
|---|---|---|---|---|---|
| false | true | false | false | true | false |
| false | true | false | false | true | false |
Form990 Schedule K Part V Form990ScheduleKPartV (2 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Part I, Line A, Column (F) | the 2005A and 2005B bonds were issued on march 30, 2005. Difference between part I, column (e) and Part II, line 3 is due to interest earnings on bond proceeds. |
| Part I, Line B, Column (F) | The 2008 bonds were issued on december 9, 2008. The 2006A and 2006B bonds were issued on november 30, 2006. The 2005A and 2005B bonds were issued on march 30, 2005. |
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 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 O IRS990ScheduleO
General Explanation GeneralExplanation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Undertake new program service | Identifier |
| Return Reference | Part III, Question 2 | ReturnReference |
| Explanation | The School began a comprehensive curriculum of classes called 'The Academy', designed to aid pre-college age students to become well rounded musicians. 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. 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. 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. The use of data as to comparable compensation 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. 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 gain on interest rate swap related to bonds: $2,837,876 Loss on Extinguishment/restructuring of debt: ($1,302,555) Net Unrealized Gain: $25,946,509 | Explanation |
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 |
|---|---|---|---|---|---|---|---|---|---|
| The Colburn Music Fund | |||||||||
| 1000 Wilshire Blvd Suite 340 | Los Angeles | CA | 90017 | 954804766 | Private Fdn | CA | 501(c)(3) | 8 | Colburn Schl |
| Colburn Foundation | |||||||||
| 1000 Wilshire Blvd Suite 340 | Los Angeles | CA | 90017 | 954693145 | Private Fdn | CA | 501(c)(3) | 8 | Colburn Schl |
| 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 |
|---|---|
| THE COLBURN MUSIC FUND | |
| C | 5700000 |
| COLBURN FOUNDATION | |
| C | 2000000 |