NEW ENGLAND CONSERVATORY OF MUSIC: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- NEW ENGLAND CONSERVATORY OF MUSIC (EIN 23-7225104)
- Tax period
- 2010-07-01 to 2011-06-30
- Filed
- 2012-05-14
- IRS object ID
- 201231359349302528
- Schema version
- 2010v3.2
- 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 F
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-05-14T09:16:47-07:00 | 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 | 226 Causeway St | AddressLine1 |
| City | Boston | City |
| State | MA | State |
| ZIP Code | 02114 | 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 | 237225104 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | New England Conservatory of Music | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | NEWE | NameControl |
| Phone | 6175851218 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 290 Huntington Avenue | AddressLine1 |
| City | Boston | City |
| State | MA | State |
| ZIP Code | 02115 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Edward Lesser | Name |
| Title | Sr VP Finance & Oper | Title |
| Date Signed | 2012-05-14 | DateSigned |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Laura Kenney | Name |
| 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) |
|---|---|---|
| Gross Receipts | 45966736 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| All Affiliates Included | false | AllAffiliatesIncluded |
| Organization501c3 | X | Organization501c3 |
| Web Site | www.necmusic.edu | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1867 | YearFormation |
| State Legal Domicile | MA | StateLegalDomicile |
| Activity Or Mission Description | New England Conservatory of Music (NEC) educates and trains musicians of all ages from around the world. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 29 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 26 | NbrIndependentVotingMembers |
| Total Nbr Employees | 1133 | TotalNbrEmployees |
| Total Nbr Volunteers | 85 | TotalNbrVolunteers |
| Total Gross UBI | -86930 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -100273 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 6609570 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 6612433 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 31524722 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 33645987 | ProgramServiceRevenueCY |
| Investment Income Prior Year | -183758 | InvestmentIncomePriorYear |
| Investment Income Current Year | 2022004 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 1231654 | OtherRevenuePriorYear |
| Other Revenue Current Year | 1056331 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 39182188 | TotalRevenuePriorYear |
| Total Revenue Current Year | 43336755 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 10901032 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 11854307 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 22170690 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 23155438 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 22834 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 119005 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 2467823 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 11142011 | OtherExpensePriorYear |
| Other Expenses Current Year | 16745030 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 44236567 | TotalExpensesPriorYear |
| Total Expenses Current Year | 51873780 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -5054379 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -8537025 | RevenuesLessExpensesCY |
| Total Assets BOY | 155598775 | TotalAssetsBOY |
| Total Assets EOY | 163132651 | TotalAssetsEOY |
| Total Liabilities BOY | 29211763 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 29458660 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 126387012 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 133673991 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | New England Conservatory of Music (NEC) educates and trains musicians of all ages from around the world. | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | true | SignificantChange |
| Expense | 31788293 | Expense |
| Grants | 11040883 | Grants |
| Revenue | 27183365 | Revenue |
| Description | Higher Education : College - Programs leading to bachelors degrees, masters degrees, doctoral degrees, and diplomas. (810 students) | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 6260360 | Expense |
| Grants | 632224 | Grants |
| Revenue | 4595384 | Revenue |
| Description | Continuing Education Programs: School of Preparatory and Continuing Education - Music instruction for children and adults not leading to a specific degree. (2,265 students) | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 1496117 | Expense |
| Grants | 181200 | Grants |
| Revenue | 1867238 | Revenue |
| Description | Student Services Program, General/Other: Dormitory/Dining - Room and board for residential students. (146 students) | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 39544770 | 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 | true | 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 | true | 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 | true | 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 | true | 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 | false | 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 | 222 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 1133 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | true | UnrelatedBusinessIncome |
| Form990-T Filed | true | Form990-TFiled |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Form8886 T Filed | false | Form8886TFiled |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Non Deductible Disclosure | false | NonDeductibleDisclosure |
| Quid Pro Quo Contributions | true | QuidProQuoContributions |
| Quid Pro Quo Disclosure | true | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Number Of8282 Filed | 0 | NumberOf8282Filed |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Form8899 Filed | false | Form8899Filed |
| Form1098 C Filed | false | Form1098CFiled |
| Excess Business Holdings | false | ExcessBusinessHoldings |
| Taxable Distributions | false | TaxableDistributions |
| Distribution To Donor | false | DistributionToDonor |
| Filed Lieu1041 | false | FiledLieu1041 |
| Licensed More Than One State | false | LicensedMoreThanOneState |
| Indoor Tanning Services | false | IndoorTanningServices |
| Form720 Filed | false | Form720Filed |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 29 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 26 | NumberIndependentVotingMembers |
| Family Or Business Relationship | false | 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 |
| Policies Reference Chapters | false | PoliciesReferenceChapters |
| 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 |
| Written Policy Or Procedure | false | WrittenPolicyOrProcedure |
| States Where Copy Of Return Is Filed | MA | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | Amanda Gates Controller | NamePerson |
| Telephone Number | 6175851218 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 290 Huntington Avenue | AddressLine1 |
| City | Boston | City |
| State | MA | State |
| ZIP Code | 02115 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (37 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Highest Compensated EmployeeHighestCompensatedEmployee | Key EmployeeKeyEmployee |
|---|---|---|---|---|---|---|---|---|
| Young Lane D | ||||||||
| Board Trustee | 2.00 | X | 0 | 0 | 0 | |||
| Yogg Joan | ||||||||
| Board Trustee | 2.00 | X | 0 | 0 | 0 | |||
| Woodcock Anthony | ||||||||
| President | 40.00 | X | 522138 | 0 | 59214 | X | ||
| Wolff Hugh | ||||||||
| College Faculty | 35.00 | 171883 | 0 | 28250 | X | |||
| Wisneski Frank | ||||||||
| Vice Chair | 2.00 | X | 0 | 0 | 0 | X | ||
| Weilerstein Donald | ||||||||
| College Faculty | 35.00 | 240405 | 0 | 60707 | X | |||
| Vaill Timothy | ||||||||
| Board Trustee | 2.00 | X | 0 | 0 | 0 | |||
| Thonis Michael | ||||||||
| Board Trustee | 2.00 | X | 0 | 0 | 0 | |||
| Sloan Norton Q | ||||||||
| Board Trustee | 2.00 | X | 0 | 0 | 0 | |||
| Shattuck Isabel M | ||||||||
| Board Trustee | 2.00 | X | 0 | 0 | 0 | |||
| Scheer Ruth C | ||||||||
| Board Trustee | 2.00 | X | 0 | 0 | 0 | |||
| Sallop Linda | ||||||||
| Board Trustee | 2.00 | X | 0 | 0 | 0 | |||
| Rubin Sally L | ||||||||
| Board Trustee | 2.00 | X | 0 | 0 | 0 | |||
| Prevost Patrick | ||||||||
| Board Trustee | 2.00 | X | 0 | 0 | 0 | |||
| Pratt Harold I | ||||||||
| Vice Chair | 2.00 | X | 0 | 0 | 0 | X | ||
| Perry E Lee | ||||||||
| Board Trustee | 2.00 | X | 0 | 0 | 0 | |||
| Novak Thomas | ||||||||
| Dean of College | 40.00 | 182173 | 0 | 13723 | X | |||
| Lesser Laurence | ||||||||
| College Faculty | 35.00 | 160141 | 0 | 13998 | X | |||
| Lesser Edward | ||||||||
| Sr. VP Fin & Op | 40.00 | 226672 | 0 | 44435 | X | |||
| Joni Dr Saj-nicole A | ||||||||
| Board Trustee | 2.00 | X | 0 | 0 | 0 | |||
| Jones Donald E | ||||||||
| VP Inst Advance | 40.00 | 203469 | 0 | 41185 | X | |||
| Hori Shintaro | ||||||||
| Board Trustee | 2.00 | X | 0 | 0 | 0 | |||
| Holland Nancy Noble | ||||||||
| Board Trustee | 2.00 | X | 0 | 0 | 0 | |||
| Hodges Eloise | ||||||||
| Board Trustee | 2.00 | X | 0 | 0 | 0 | |||
| Harcovitz Ruth | ||||||||
| Board Trustee | 2.00 | X | 0 | 0 | 0 | |||
| Friedlaender JStephen | ||||||||
| Board Chariman | 8.00 | X | 0 | 0 | 0 | X | ||
| Fried Biss Miriam | ||||||||
| College Faculty | 35.00 | 157608 | 0 | 20136 | X | |||
| Ferguson Corinne | ||||||||
| Board Trustee | 2.00 | X | 0 | 0 | 0 | |||
| Ett Alan | ||||||||
| Board Trustee | 2.00 | X | 0 | 0 | 0 | |||
| Erichsen Peter | ||||||||
| Secretary | 2.00 | X | 0 | 0 | 0 | X | ||
| Elfers Deborah B | ||||||||
| Board Trustee | 2.00 | X | 0 | 0 | 0 | |||
| de Grossmann Morella M | ||||||||
| Board Trustee | 2.00 | X | 0 | 0 | 0 | |||
| de Braganca Barbara | ||||||||
| Board Trustee | 2.00 | X | 0 | 0 | 0 | |||
| Buswell James | ||||||||
| College Faculty | 35.00 | 139036 | 0 | 31663 | X | |||
| Burnes Kennett F | ||||||||
| Board Trustee | 2.00 | X | 0 | 0 | 0 | |||
| Braverman Paul | ||||||||
| Board Trustee | 2.00 | X | 0 | 0 | 0 | |||
| Blumenthal Thomas | ||||||||
| Treasurer | 2.00 | X | 0 | 0 | 0 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 2003525 | TotalReportableCompFromOrg |
| Total Other Compensation | 313311 | TotalOtherCompensation |
| Number Individuals GT100 K | 32 | 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 |
|---|---|---|---|---|---|
| Tishman Construction Corp | |||||
| 84 State St 10th Floor | Boston | MA | 02109 | Construction | 4206235 |
| CPC EnterprisesInc | |||||
| Aster StationPO Box 230160 | Boston | MA | 02123 | Copier & mail mgmt | 339849 |
| Beth Israel Deaconess Medical | |||||
| 1309 Beacon St | Brookline | MA | 02446 | Medical Service | 282530 |
| Aramark Services Inc | |||||
| 1101 Market St | Philadelphia | PA | 19107 | Dining hall mgmt | 551768 |
| AM-PM Cleaning Corp | |||||
| 295 Weston St | Waltham | MA | 02453 | Cleaning service | 395414 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 14 | NumberOfContractorsGT100K |
| Fundraising Events | 591416 | FundraisingEvents |
| Government Grants | 141076 | GovernmentGrants |
| All Other Contributions | 5879941 | AllOtherContributions |
| Noncash Contributions | 874015 | NoncashContributions |
| Total Contributions | 6612433 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| Tuition and academic fees | 611710 | 30166676 | 30166676 |
| Student health insurance | 524114 | 588531 | 588531 |
| Room and board | 721310 | 1867238 | 1867238 |
| Non-academic fees | 611710 | 713747 | 713747 |
| Medical fees | 621300 | 282525 | 282525 |
Total Oth Program Service Revenue TotalOthProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 27270 | TotalRevenueColumn |
| Related Or Exempt Function Income | 27270 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 33645987 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 850206 | TotalRevenueColumn |
| Unrelated Business Revenue | -86930 | UnrelatedBusinessRevenue |
| Exclusion | $937,136 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 140 | TotalRevenueColumn |
| Exclusion | $140 | ExclusionAmount |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 758326 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 394750 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 363576 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 363576 | TotalRevenueColumn |
| Exclusion | $363,576 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 3215174 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 2043516 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 1171658 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1171658 | TotalRevenueColumn |
| Exclusion | $1,171,658 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 103000 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 591416 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 169801 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -66801 | TotalRevenueColumn |
| Exclusion | -$66,801 | ExclusionAmount |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | 12593 | GrossSalesOfInventory |
| Cost Of Goods Sold | 21914 | CostOfGoodsSold |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -9321 | TotalRevenueColumn |
| Exclusion | -$9,321 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | ExclusionExclusionAmount | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|---|
| Parking (employees) | 812930 | 120671 | $120,671 | |
| Hall rentals | 532000 | 296876 | 296876 | |
| Concerts and tours | 711130 | 297787 | 297787 |
Miscellaneous Revenue MiscellaneousRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 53543 | TotalRevenueColumn |
| Related Or Exempt Function Income | 53543 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 768877 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 43336755 | TotalRevenueColumn |
| Related Or Exempt Function Income | 34294193 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | -86930 | UnrelatedBusinessRevenue |
| Exclusion | $2,517,059 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7500 | Total |
| Program Services | 7500 | ProgramServices |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 11846807 | Total |
| Program Services | 11846807 | 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 | 1325766 | Total |
| Program Services | 197960 | ProgramServices |
| Management And General | 869699 | ManagementAndGeneral |
| Fundraising | 258107 | 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 | 17894742 | Total |
| Program Services | 15049945 | ProgramServices |
| Management And General | 1697307 | ManagementAndGeneral |
| Fundraising | 1147490 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 515532 | Total |
| Program Services | 443329 | ProgramServices |
| Management And General | 41691 | ManagementAndGeneral |
| Fundraising | 30512 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2060031 | Total |
| Program Services | 1700786 | ProgramServices |
| Management And General | 222649 | ManagementAndGeneral |
| Fundraising | 136596 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1359367 | Total |
| Program Services | 1084642 | ProgramServices |
| Management And General | 176575 | ManagementAndGeneral |
| Fundraising | 98150 | Fundraising |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 57832 | Total |
| Program Services | 33775 | ProgramServices |
| Management And General | 21458 | ManagementAndGeneral |
| Fundraising | 2599 | Fundraising |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 101612 | Total |
| Program Services | 3000 | ProgramServices |
| Management And General | 98612 | ManagementAndGeneral |
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 | 119005 | Total |
| Fundraising | 119005 | Fundraising |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 215466 | Total |
| Management And General | 215466 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1510296 | Total |
| Program Services | 830408 | ProgramServices |
| Management And General | 623667 | ManagementAndGeneral |
| Fundraising | 56221 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 172678 | Total |
| Program Services | 15127 | ProgramServices |
| Management And General | 156471 | ManagementAndGeneral |
| Fundraising | 1080 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1270225 | Total |
| Program Services | 767535 | ProgramServices |
| Management And General | 403668 | ManagementAndGeneral |
| Fundraising | 99022 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1088897 | Total |
| Program Services | 57912 | ProgramServices |
| Management And General | 1030985 | ManagementAndGeneral |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2069622 | Total |
| Program Services | 645556 | ProgramServices |
| Management And General | 1423391 | ManagementAndGeneral |
| Fundraising | 675 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1253733 | Total |
| Program Services | 1049434 | ProgramServices |
| Management And General | 70019 | ManagementAndGeneral |
| Fundraising | 134280 | 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 | 72860 | Total |
| Program Services | 49801 | ProgramServices |
| Management And General | 10936 | ManagementAndGeneral |
| Fundraising | 12123 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1172374 | Total |
| Program Services | 988779 | ProgramServices |
| Management And General | 138106 | ManagementAndGeneral |
| Fundraising | 45489 | Fundraising |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1899173 | Total |
| Program Services | 1564196 | ProgramServices |
| Management And General | 93452 | ManagementAndGeneral |
| Fundraising | 241525 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| Student health and food | 1355421 | 1355421 | ||
| Payroll processing & temp agen | 56040 | 56040 | ||
| Bad debt/loss | 4340150 | 9564 | 4330586 | |
| Allocation of Building Ops | 0 | 1780969 | -1862902 | 81933 |
| All other expenses | 108651 | 62324 | 43311 | 3016 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 51873780 | Total |
| Program Services | 39544770 | ProgramServices |
| Management And General | 9861187 | ManagementAndGeneral |
| Fundraising | 2467823 | Fundraising |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Joint Costs | X | JointCosts |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1341489 | BOY |
| EOY | 2387928 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2611578 | BOY |
| EOY | 2342411 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11584224 | BOY |
| EOY | 7563776 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 400335 | BOY |
| EOY | 176235 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 500000 | BOY |
| EOY | 500000 | EOY |
Receivables From Disqual Persons ReceivablesFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 0 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3521867 | BOY |
| EOY | 3134993 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 0 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 393601 | BOY |
| EOY | 358084 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 61375862 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 23631323 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 37671125 | BOY |
| EOY | 37744539 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 35242786 | BOY |
| EOY | 40261897 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 62331770 | BOY |
| EOY | 68662788 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 0 | EOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 0 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 0 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 155598775 | BOY |
| EOY | 163132651 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2830204 | BOY |
| EOY | 2818427 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 642492 | BOY |
| EOY | 530670 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 21778305 | BOY |
| EOY | 21791878 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3960762 | BOY |
| EOY | 4317685 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 29211763 | BOY |
| EOY | 29458660 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 37100948 | BOY |
| EOY | 38642355 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 26330192 | BOY |
| EOY | 34743664 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 62955872 | BOY |
| EOY | 60287972 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 126387012 | BOY |
| EOY | 133673991 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 155598775 | BOY |
| EOY | 163132651 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -8537025 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 15824004 | 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 | true | FederalGrantAuditRequired |
| Federal Grant Audit Performed | true | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collect Used For Public Exhibition | X | CollectUsedForPublicExhibition |
| Collect Used For Scholar Research | X | CollectUsedForScholarResearch |
| Collect Used For Preservation | X | CollectUsedForPreservation |
| Collect Used For Loan Or Exch Prgrms | X | CollectUsedForLoanOrExchPrgrms |
| Solicited Assets For Sale | false | SolicitedAssetsForSale |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 98406963 | BeginningOfYearBalance |
| Contributions | 2888700 | Contributions |
| Investment Earnings Or Losses | 16311430 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | -2325994 | GrantsOrScholarships |
| Other Expenditures | -3015571 | OtherExpenditures |
| Administrative Expenses | -215466 | AdministrativeExpenses |
| End Of Year Balance | 112050062 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 89613212 | BeginningOfYearBalance |
| Contributions | 2062944 | Contributions |
| Investment Earnings Or Losses | 10663132 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | -1541568 | GrantsOrScholarships |
| Other Expenditures | -2188672 | OtherExpenditures |
| Administrative Expenses | -202085 | AdministrativeExpenses |
| End Of Year Balance | 98406963 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 99875947 | BeginningOfYearBalance |
| Contributions | 3510406 | Contributions |
| Investment Earnings Or Losses | -11417795 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | -950477 | GrantsOrScholarships |
| Other Expenditures | -1163233 | OtherExpenditures |
| Administrative Expenses | -241636 | AdministrativeExpenses |
| End Of Year Balance | 89613212 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.22810 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.75640 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.01550 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | false | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | false | EndowmentsHeldByRelatedOrgs |
| Are Related Orgs Listed Schedule R | false | AreRelatedOrgsListedScheduleR |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1669497 | OtherCostOrOtherBasis |
| Book Value | 1669497 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 46937941 | OtherCostOrOtherBasis |
| Depreciation | 15240843 | Depreciation |
| Book Value | 31697098 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 562864 | OtherCostOrOtherBasis |
| Book Value | 562864 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 12205560 | OtherCostOrOtherBasis |
| Depreciation | 8390480 | Depreciation |
| Book Value | 3815080 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 37744539 | TotalOfBookValueLandBuildings |
Closely Held Equity Interests CloselyHeldEquityInterests
| Field | Value | IRS element (for citing) |
|---|---|---|
| Book Value | 10705337 | BookValue |
| Method Of Valuation | F | MethodOfValuation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 68662788 | TotalOfBookValueSecurities |
Other Liabilities OtherLiabilities (3 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| UAS Non-cash Transactions | $263 |
| Planned giving liability | $770,172 |
| Perkins Loan Refundable Advances | $3,547,250 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 4317685 | TotalOfAmounts |
| Total Revenue | 43336755 | TotalRevenue |
| Total Expenses | 51873780 | TotalExpenses |
| Excess Or Deficit For Year | -8537025 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 15140036 | NetUnrealizedGLOnInvestments |
| Other | $683,968 | OtherAmount |
| Total Adjustments | 15824004 | TotalAdjustments |
| Excess Or Deficit Per FS | 7286979 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 43226169 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 15140036 | NetUnrealizedGainsInvestments |
| Other Revenues | -15035156 | OtherRevenues |
| Revenue Not Rptd F990 | 104880 | RevenueNotRptdF990 |
| Revenue Subtotal | 43121289 | RevenueSubtotal |
| Investment Expenses Not Included | 215466 | InvestmentExpensesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 215466 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 43336755 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 35939190 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | -11452058 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | -11452058 | ExpensesNotRptdF990 |
| Expenses Subtotal | 47391248 | ExpensesSubtotal |
| Investment Expenses Not Included2 | 215466 | InvestmentExpensesNotIncluded2 |
| Other Expenses Not Included | 4267066 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 4482532 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 51873780 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (6 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Part X | Part X : FIN48 Footnote | The Conservatory recognizes the financial statement benefit of a tax position only after determining that the relevant tax authority would more likely than not sustain the position following an audit. Tax positions for the open tax years as of June 30, 2010 were reviewed, and it was determined that no provision for uncertain tax positions was required as of June 30, 2011 or 2010. Management believes that the Conservatory's income tax returns for fiscal years ending June 30, 2007 and prior are no longer subject to examination by taxing authorities. |
| Part XIII, Line 4b | Part XIII, Line 4b: Other revenue amounts included on 990 but not included in F/S | Bad debt expense $4267066 |
| Part XI, Line 8 | Part XI, Line 8: Other Changes in Net Assets or Fund Balances | Planned giving net change $683964 Rounding $4 |
| Part V, Line 4 | Part V, Line 4: Intended uses of the endowment fund. | Endowment revenue is used to support program-related activities. |
| Part III, Line 4 | Part III, Line 4: Description of organization's collections and how it furthers its purpose. | NEC's historical instruments are exhibited as art objects on campus and at the Museum of Fine Arts, Boston. NEC's rare books, recordings and letters are part of its library holdings, available for research by NEC students and staff as well as others from the community. |
| Part III, Line 1a | Part III, Line 1a: If organization elected under SFAS 116 to not report are, historical treasures, o | The Conservatory maintains collections of historical instruments, art, vocal scores, recordings, and literary works. These collections are protected and preserved for public exhibition, education, research, and the furtherance of public service. They are neither disposed of for financial gain nor encumbered in any manner. Accordingly, these collections are not capitalized for financial statement purposes. |
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 (2 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized | NEC includes the nondiscrimination policy in brochures, catalogues, and comparable materials dealing with student admissions, programs, and scholarships to satisfy the publicity requirement, given that NEC customarily draws a substantial percentage of its students both nationwide and worldwide. NEC follows this nondiscriminatory policy and has a racially balanced student body. |
| Schedule E, Line 6 - Explanation of Aid or Assistance from Governmental Agency | US Dept of Education student grants and loans $7,831,880; US Dept of Education Fund for Improvement of Postsecondary Education $90,804; Commonwealth of Massachusetts Cultural Council $22,060. |
Schedule F IRS990ScheduleF
Accts Actvs Out US Table AcctsActvsOutUSTable (9 entries)
| RegionRegion | Number Of OfficesNumberOfOffices | Number Of EmployeesNumberOfEmployees | Type Of Activities ConductedTypeOfActivitiesConducted | Specific Services ProvidedSpecificServicesProvided | Total ExpendituresTotalExpenditures |
|---|---|---|---|---|---|
| Russia | 0 | 0 | Program services | Academic activities | 1146 |
| Middle East | 0 | 0 | Program services | Academic activities | 1695 |
| South America | 0 | 0 | Fundraising | 4087 | |
| South America | 0 | 0 | Program services | Academic activities | 45416 |
| N. Amer (Canada & MX) | 0 | 0 | Program services | Academic activities | 3175 |
| Europe | 0 | 0 | Program services | Academic activities | 65952 |
| East Asia & the Pacific | 0 | 0 | Fundraising | 7353 | |
| East Asia & the Pacific | 0 | 0 | Program services | Academic activities | 22258 |
| Central Amer & Caribbean | 0 | 0 | Program services | Academic activities | 629 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Amount Spent | 151711 | SubtotalAmountSpent |
| Total Amount Spent | 151711 | TotalAmountSpent |
| No Recipient Over5 K | X | NoRecipientOver5K |
| Transfer To Foreign Corp | true | TransferToForeignCorp |
| Interest In Foreign Trust | false | InterestInForeignTrust |
| Own Foreign Corp | false | OwnForeignCorp |
| Passive Foreign Invest Co | true | PassiveForeignInvestCo |
| Foreign Partnership | true | ForeignPartnership |
| Boycott Countries | false | BoycottCountries |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Mail Solicitations | X | MailSolicitations |
| Email Solicitations | X | EmailSolicitations |
| Phone Solicitations | X | PhoneSolicitations |
| In Person Solicitations | X | InPersonSolicitations |
| Solicitation Of Non Govt Grants | X | SolicitationOfNonGovtGrants |
| Solicitation Of Govt Grants | X | SolicitationOfGovtGrants |
| Special Fundraising Events | X | SpecialFundraisingEvents |
| Agreement Ref Fundraising | true | AgreementRefFundraising |
Fundraiser Activity Information FundraiserActivityInformation
Name Of Organization NameOfOrganization
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Wayland Group | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 323 Boston Post | AddressLine1 |
| City | Sudbury | City |
| State | MA | State |
| ZIP Code | 01776 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Activity | Consulting | Activity |
| Fundraiser Control Of Funds | false | FundraiserControlOfFunds |
| Amount Retained By Contractor | 119005 | AmountRetainedByContractor |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Retained By Contractors | 119005 | TotalRetainedByContractors |
| Licensed States | MA | LicensedStates |
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | Boston Gala | NameOfEvent1 |
| Gross Receipts Event1 | 694416 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 591416 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 103000 | GrossRevenueEvent1 |
| Rent Facility Costs Event1 | 5500 | RentFacilityCostsEvent1 |
| Food And Beverage Event1 | 99919 | FoodAndBeverageEvent1 |
| Entertainment Event1 | 2750 | EntertainmentEvent1 |
| Other Direct Expenses Event1 | 61632 | OtherDirectExpensesEvent1 |
| Gross Receipts Total | 694416 | GrossReceiptsTotal |
| Charitable Contributions Total | 591416 | CharitableContributionsTotal |
| Gross Revenue Total Events | 103000 | GrossRevenueTotalEvents |
| Rent Facility Costs Total Events | 5500 | RentFacilityCostsTotalEvents |
| Food And Beverage Total Events | 99919 | FoodAndBeverageTotalEvents |
| Entertainment Total Events | 2750 | EntertainmentTotalEvents |
| Other Direct Expenses Total Events | 61632 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 169801 | DirectExpenseSummaryEvents |
| Net Income Summary | -66801 | NetIncomeSummary |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | true | RecordsMaintained |
Recipient Table RecipientTable
Recipient Name Business RecipientNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Commonwealth Shakespeare Co | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 539 Tremont St Unit 308 | AddressLine1 |
| City | Boston | City |
| State | MA | State |
| ZIP Code | 02116 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN Of Recipient | 042947682 | EINOfRecipient |
| IRC Section | 501(c)3 | IRCSection |
| Amount Of Cash Grant | 7500 | AmountOfCashGrant |
| Amount Of Non Cash Assistance | 0 | AmountOfNonCashAssistance |
| Purpose Of Grant | Support free performances of plays | PurposeOfGrant |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 1 | TotalNbrOf501C3AndGovtGrants |
| Total Nbr Of Other Organizations | 0 | TotalNbrOfOtherOrganizations |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | Scholarship and other financial aid | TypeOfGrant |
| Number Of Recipients | 1136 | NumberOfRecipients |
| Amount Of Cash Grant | 11846807 | AmountOfCashGrant |
Form990 Schedule I Part IV Form990ScheduleIPartIV (2 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Grantmaker's Description of How Grants are Used | NEC monitored the grant by having staff present for the Commonwealth Shakespeare Company performances for which the grant was provided. |
| Additional Supplemental Information | Part I, Line 2: The awarding of student financial aid grants under the U.S. Department of Education's Student Financial Assistance Program is monitored by NEC's Financial Aid Office, which ensures that NEC meets the compliance requirements of OMB Circular A-133. NEC's Financial Aid Office and Business Office are responsible for establishing and maintaining effective internal controls over compliance with the requirements of laws, regulations, contracts, and grants applicable to federal programs.Only current NEC students in good standing are provided scholarship grants or other financial assistance. Grants and assistance to NEC College students are in the form of institutional scholarships. All College scholarships are administered through NEC's financial aid system. Institutional scholarships are credited to the student's internal tuition account and represent an offset to tuition and other fees assessed by NEC.Preparatory program, continuing education program and summer session scholarships are tracked separately and administered through NEC's student billing system. Preparatory program, continuing education program and summer session scholarships are credited to the student's internal tuition account and represent an offset to tuition and other fees assessed by NEC.Grants and assistance to NEC staff and their eligible spouses and dependents are in the form of staff tuition waivers, pursuant to a written benefits plan. Staff tuition waivers are administered through the Conservatory's benefits system and, like institutional scholarships for students, are credited to the individual's internal account to offset tuition changes.All students receiving scholarships and fellowships are judged worthy by the institution's assessment on the basis of academic achievement, financial need and other similar standards. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| First Class Or Charter Travel | X | FirstClassOrCharterTravel |
| Travel For Companions | X | TravelForCompanions |
| Written Policy Re T And E Expenses | true | WrittenPolicyReTAndEExpenses |
| Substantiation Required | true | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | false | SeverancePayment |
| Supplemental Nonqual Retire Plan | true | 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 |
| Rebuttable Presumption Procedure | false | RebuttablePresumptionProcedure |
Form990 Schedule J Part II Form990ScheduleJPartII (9 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Other Compensation Filing OrgOtherCompensationFilingOrg | Deferred Comp Filing OrgDeferredCompFilingOrg | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Total Compensation Filing OrgTotalCompensationFilingOrg |
|---|---|---|---|---|
| Woodcock Anthony | ||||
| 506296 | 15842 | 20095 | 39119 | 581352 |
| Wolff Hugh | ||||
| 171541 | 342 | 8201 | 20049 | 200133 |
| Weilerstein Donald | ||||
| 240180 | 225 | 8507 | 52200 | 301112 |
| Novak Thomas | ||||
| 181831 | 342 | 7018 | 6705 | 195896 |
| Lesser Laurence | ||||
| 159977 | 164 | 7184 | 6814 | 174139 |
| Lesser Edward | ||||
| 210830 | 15842 | 20495 | 23940 | 271107 |
| Jones Donald E | ||||
| 187627 | 15842 | 19235 | 21950 | 244654 |
| Fried Biss Miriam | ||||
| 157289 | 319 | 6978 | 13158 | 177744 |
| Buswell James | ||||
| 138750 | 286 | 6264 | 25399 | 170699 |
Form990 Schedule J Part III Form990ScheduleJPartIII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Sch J, Part III, Additional Information | Part III, Additional Information | The following refers to Part I, Line 4b, Supplemental Nonqualified Retirement Plan. Anthony Woodcock $34,500, Donald Jones $9,500, Edward Lesser $9,500, representing NEC's contributions to a 457(f) plan that vests at a future date and has therefore been deferred for tax purposes. Vesting is contingent upon continued employment; termination would result in forfeiture of unvested 457(f) contributions. |
| Sch J, Part I, Line 1a | Part I, Line 1a: Relevant information in regards to selections on 1a. | First class travel provided to NEC's President for one leg of a five-leg flight to Asia on NEC business (approximately $1,000). Companion travel provided to the President's wife for train transportation to New York City, air transportation to Phoenix, AZ and Miami, FL, and various meals while on these and other trips, during which she assisted with NEC's fundraising efforts (approximately $1,000 total). These first class and companion travel costs are considered bona fide business expenses and were fully documented and approved under the NEC Travel Policy. |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Mass Development Fin Agency | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Issuer EIN | 043431814 | IssuerEIN |
| CUSIP Number | 57583RZU2 | CUSIPNumber |
| Date Issued | 2008-09-04 | DateIssued |
| Issue Price | 21902110 | IssuePrice |
| Description Of Purpose | Capital expenditures | 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) |
|---|---|---|
| Total Proceeds | 22689076 | TotalProceeds |
| Amount In Reserve Fund | 1581484 | AmountInReserveFund |
| Issuance Costs From Proceeds | 320927 | IssuanceCostsFromProceeds |
| Capital Expenditures | 20038776 | CapitalExpenditures |
| Year Of Subst Completion | 2011 | YearOfSubstCompletion |
| Current Refunding | false | 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 |
| Any Research Agreements | false | AnyResearchAgreements |
| Bond Counsel Routinely Engaged | true | BondCounselRoutinelyEngaged |
| 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 | false | VariableRateIssue |
| Hedge Identified In Books And Recds | false | HedgeIdentifiedInBooksAndRecds |
| Gross Proceeds Invested In GIC | false | GrossProceedsInvestedInGIC |
| Gross Proceeds Invested | false | GrossProceedsInvested |
| Exception To Rebate | true | ExceptionToRebate |
Form990 Schedule K Part V Form990ScheduleKPartV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | The $786,966 difference between Part I, column (e) and Part II, Line 3 is due to a discount on the bond issue that is being amortized over its 30-year term. This difference will be reduced over the bond term. | Explanation |
Schedule L IRS990ScheduleL
Loan Table LoanTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | Anthony Woodcock | NamePerson |
| Purpose Of Loan | Mortgage | PurposeOfLoan |
| Loan From Organization | X | LoanFromOrganization |
| Original Principal | $500,000 | OriginalPrincipalAmount |
| Balance Due | 500000 | BalanceDue |
| Default | false | Default |
| Approved By Board | true | ApprovedByBoard |
| Written Agreement | true | WrittenAgreement |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | 500000 | TotalBalanceDue |
Form990 Schedule L Part IV Form990ScheduleLPartIV
Name Of Interested Person NameOfInterestedPerson
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | The Baupost GroupLLC | NamePerson |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship | Part V below | Relationship |
| Amount Of Transaction | 390960 | AmountOfTransaction |
| Description Of Transaction | See Part V below | DescriptionOfTransaction |
| Sharing Of Revenues | false | SharingOfRevenues |
Form990 Schedule L Part V Form990ScheduleLPartV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | Schedule L, Part IV, Business Transactions Involving Interested PersonsNEC Board Trustee and Treasurer Thomas W. Blumenthal is an officer and key employee of The Baupost Group, L.L.C. NEC Board Trustee Isabel M. Shattuck is the spouse of an officer and key employee of the The Baupost Group, L.L.C. as well. The Baupost Group, L.L.C. is the manager of Baupost Value Partners L.P. IV, in which NEC is invested. | Explanation |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 33 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 749015 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | Fair mkt value | MethodOfDeterminingRevenues |
Other Non Cash Contributions Table OtherNonCashContributionsTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Description | Instruments | Description |
| Number Of Contributions | 3 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 125000 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | Qual appraisal | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of8283 Received | 4 | NumberOf8283Received |
| Any Property That Must Be Held | false | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | true | ReviewProcessUnusualNCGifts |
| Third Parties Used | true | ThirdPartiesUsed |
Form990 Schedule M Part II Form990ScheduleMPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Part I, Line 32, Hire and Use of Third Parties | Identifier |
| Explanation | UBS is the stock broker to which NEC directs donors who would like to make stock gifts to the organization. UBS accepts and liquidates each stock gift and sends the proceeds to NEC. Car Program Inc. is used by NEC to broker vehicle donations. However, no vehicle donations were received in the current tax year. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (5 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Form 990, Part VI, Line 19 | Form 990, Part VI, Line 19: Other Organization Documents Publicly Available | NEC's governing documents, conflict of interest policy, and financial statements are available to the public upon request. |
| Form 990, Part VI, Line 15b | Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees | The following also refers to Part VI, Line 15a. Officer and key employee compensation is reviewed by the Compensation Committee of the Board of Trustees, which hires an independent compensation consultant periodically to compare officer and key employee compensation against industry data for similarly qualified people, in functionally comparable positions at similar organizations. Officers' and key employees' compensation packages are also approved by the Board of Trustees' Compensation Committee, which is comprised of individuals without any conflicts of interest with respect to the compensation, and the deliberations and decisions are documented contemporaneously as part of the committee's meetings. The process occurred in 2007 for the NEC President, in 2009 for the Senior Vice President of Finance and Operations and the Vice President for Institutional Advancement, and in 2010 for the Dean of the College. The NEC President's compensation was reviewed again by the indepedent compensation consultant in 2011 and will be reviewed by the Compensation Committee in 2012. |
| Form 990, Part VI, Line 12c | Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts | The conflict of interest policy is distributed to officers, trustees and key employees annually. All of these individuals are required to complete the form for the past fiscal year and disclose any conflicts of interest within the form. The policy also indicates that officers, trustees and key employees are required to make conflict of interest disclosures at any time during the year that they become aware of a conflict of interest. These conflicts are reviewed by the Controller as well as the Audit Committee and disclosed within the annual financial report if material and on Form 990 if they meet the stated IRS thresholds. Individuals who have conflicts of interest or are otherwise not independent from NEC due to a business relationship or receiving compensation from NEC recuse themselves from Board of Trustees votes on matters having to do with their transactions or compensation. |
| Form 990, Part VI, Line 11 | Form 990, Part VI, Line 11: Form 990 Review Process | In March 2010, NEC's Board of Trustees voted to delegate review and approval of the Form 990 to the Finance Committee. The Finance Committee receives a copy of the draft Form 990 prior to their meeting in mid-November. At the meeting, members of the Finance Committee receive a presentation on the Form 990 from management andprovide input on the Form 990. In addition, NEC has tax advisors from a national accounting firm review the Form 990. Lastly, a final copy of the Form 990 is provided to all Trustees prior to electronically filing the return. |
| Form 990, Part III, Line 3 | Form 990, Part III, Line 3: Ceased Conducting or Significant Changes To Services | The Research Center for Learning Through Music, which had been reported as an other program expense in prior years, concluded its operations as of June 30, 2010. |