2012-03-05T19:27:30-06:00 2011-06-30 GRANT THORNTON LLP ONE CALIFORNIA STREET SUITE 2300 SAN FRANCISCO CA 94111 990 2010-07-01 952501387 The Colburn School COLB 2136212200 200 South Grand Avenue Los Angeles CA 90012 SETH WEINTRAUB 2136212200 2012-02-22 JOE DETRANE 4159863900 2010 2016-02-24 21:20:13Z Seljuk Kardan 200 South Grand Avenue Los Angeles CA 90012 102659138 false X www.ColburnSchool.edu X 1951 CA The Colburn School provides outstanding world class performing arts education in an optimum environment. 25 25 337 90 -258919 -297109 4015245 10677215 8495702 8924513 -2610211 17503271 410030 1392840 10310766 38497839 5360565 5479029 0 0 11573491 13067772 17000 0 1094294 17464764 18267124 34415820 36813925 -24105054 1683914 305945976 331903614 148896066 145687960 157049910 186215654 X 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. true false 33005185 5479029 8924513 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. 33005185 true true false false false false false false true true true false false true true true false true false false false false false true false false false true true true false false false false false false false false false true false false false false false true false false false false true 81 0 true 337 true true true true EI false false false true true false false false false false false false X 25 25 true false false false false false false true true false false true true true true true true true true false CA X JOHN A RYAN 2136211043 200 S GRAND AVENUE Los Angeles CA 90012 Wendy Kelman 1.0 X X 0 0 0 Alice Coulombe 1.0 X X 0 0 0 Eugene Krieger 1.0 X X 0 0 0 Pedro Pizarro 1.0 X X 0 0 0 Tom Leddy 1.0 X X 0 0 0 Robert Attiyeh 1.0 X 0 0 0 David Barry 1.0 X 0 0 0 Nancy Griffith Baxter 1.0 X 0 0 0 Deborah Borda 1.0 X 0 0 0 Joan Boyett 1.0 X 0 0 0 Dan Clement 1.0 X 0 0 0 Richard W Colburn 1.0 X 0 0 0 Christine Cuse 1.0 X 0 0 0 Jennifer Diener 1.0 X 0 0 0 Placido Domingo 1.0 X 0 0 0 Edmund D Edelman 1.0 X 0 0 0 Robert Egelston 1.0 X 0 0 0 Lucy Farber 1.0 X 0 0 0 Richard Grant 1.0 X 0 0 0 Warner Henry 1.0 X 0 0 0 Carol C Grigor 1.0 X 0 0 0 Catherine C Hogel 1.0 X 0 0 0 Steven Matt 1.0 X 0 0 0 Beverly Ryder 1.0 X 0 0 0 Susan K Solomon 1.0 X 0 0 0 Peter Wardle 1.0 X 0 0 0 Ian White-Thomson 1.0 X 0 0 0 Peter Whybrow MD 1.0 X 0 0 0 Sel Kardan 40.0 X 342361 0 33049 Seth Weintraub 40.0 X 176488 0 10872 Patrick Morrow 40.0 X 81891 0 9879 Richard Beene 40.0 X 243475 0 27076 Allison Sampson 40.0 X 169277 0 6683 Paul Coletti 40.0 X 173817 0 21979 Yehuda Gilad 40.0 X 173922 0 10648 Ronald Leonard 40.0 X 230422 0 13544 Robert Lipsett 40.0 X 303018 0 23253 John Perry 40.0 X 172596 0 22965 Jean Sommerville 0.0 X 157643 0 20003 Michael C Hockett 0.0 X 184470 0 15760 Deborah Berman 0.0 X 159075 0 4358 2568455 0 220069 28 true true false 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 6 341089 7700000 12500 2623626 10915 10677215 TUITION INCOME 900099 8471505 8471505 RENTAL INCOME 531120 453008 453008 8924513 3827224 -258919 4086143 0 0 77704836 64028789 13676047 13676047 13676047 63000 341089 132510 -69510 -69510 0 0 CAFE REVENUE 722210 1229570 1229570 UBIT REFUND 900099 113560 113560 FILM SHOOTS 900099 38329 38329 80891 80891 1462350 38497839 8924513 -258919 19155030 0 5479029 5479029 0 0 1207255 199962 787409 219884 0 9745455 8647470 614506 483479 282588 248500 18459 15629 1006962 871281 83962 51719 825512 685034 88827 51651 77262 73302 895 3065 29473 6593 22880 135008 73953 51828 9227 0 0 607263 607263 2044525 1875352 140887 28286 145941 138885 5971 1085 466694 389093 40039 37562 135526 117405 15538 2583 0 1896882 1840802 35840 20240 133099 107451 20893 4755 0 65171 29428 12691 23052 3967222 3887878 39672 39672 0 4803189 4707125 48032 48032 450913 447406 3507 SUBSCRIPTIONS 46790 37868 7201 1721 EQUIPMENT & FURNITURE 64923 61421 3117 385 INSTRUMENTS 126020 126020 LIBRARY 50563 50563 DUES & MEMBERSHIPS 25904 9619 16003 282 2994756 2893745 52533 48478 36813925 33005185 2714446 1094294 7556554 5838706 4289466 1038998 581274 467598 153879167 26432753 131771172 127446414 115395620 133957035 37272181 60204968 9079709 2949895 305945976 331903614 1426216 1074794 241683 222875 134115000 134115000 13113167 10275291 148896066 145687960 X 121484142 146841021 2227255 6032119 33338513 33342514 157049910 186215654 305945976 331903614 X 1683914 27481830 X false true true X false X false false false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 121353360 4001 35654999 101241 3744879 153166240 109614631 69543 14835574 3166388 121353360 134666936 7057721 -30297002 1813024 109614631 0.74670 0.21770 0.03560 false true true 138215064 18338283 119876781 575096 265630 309466 6604946 5124979 1479967 8484061 2703861 5780200 127446414 OTHER SECURITIES 60204968 F 60204968 0 INTEREST RATE SWAP AGREEMENTS 10275291 10275291 38497839 36813925 1683914 25946509 14064083 40010592 41694506 51407957 25946509 -12429129 13517380 37890577 607262 607262 38497839 29477534 29477534 607262 6729129 7336391 36813925 Use of Endowment Funds Schedule D, Part V, Question 4 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. true true true true true true true false false false false false false false false true false true Racially Nondiscriminatory Policy Schedule E, Question 3 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. Annual Gala 404089 341089 63000 52053 80457 0 404089 341089 63000 52053 80457 132510 -69510 true Conservatory Scholarship 118 5043949 CSPA Scholarship 318 435080 Procedures for Monitoring the Use of Grant Funds in the U.S. Schedule I, Part I, Question 2 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. X true false X X X true false false false false false false false false 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 Questions Regarding Compensation Schedule J, Part I, Question 1b 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 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 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 false true true false true 0.01800 0.00000 0.01800 true false true true false true 0.01700 0.00000 0.01700 true false true false false true false false true false false true false 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. WELLS FARGO BANK SEE PART V SEE PART V false Description of Business Transactions Involving Interested Persons Schedule L, Part IV, Columns B-D 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. Undertake new program service Part III, Question 2 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 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 false false true false false false false false false false false false false false false false false false THE COLBURN MUSIC FUND C 5700000 COLBURN FOUNDATION C 2000000