FURP.ORG / PUBLIC DATA EXPLORER

JUILLIARD SCHOOL: Form 990, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
JUILLIARD SCHOOL (EIN 13-1624067)
Tax period
2022-07-01 to 2023-06-30
Filed
2024-05-13
IRS object ID
202421349349302067
Schema version
2022v5.0
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 ReturnHeader

FieldValueIRS element (for citing)
Return2024-05-13T08:41:18-05:00ReturnTs
Tax Period End2023-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN366055558PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1GRANT THORNTON LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1757 THIRD AVENUE 3RD FLOORAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP100172013ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2022-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN131624067EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1JUILLIARD SCHOOLBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlJUILBusinessNameControlTxt
Phone2127995000PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line160 LINCOLN CENTER PLAZAAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10023ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonCATHY NADEAUPersonNm
Person TitleVP & CFOPersonTitleTxt
Phone2127995000PhoneNum
Signature2024-05-13SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstCATHYPersonFirstNm
Person LastNADEAUPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDANIEL ROMANOPreparerPersonNm
PTINP00504182PTIN
Phone2125990100PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerDAMIAN WOETZELPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line160 LINCOLN CENTER PLAZAAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10023ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$751,926,408GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.JUILLIARD.EDUWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1934FormationYr
Legal Domicile StateNYLegalDomicileStateCd
Activity Or MissionPROVIDE THE HIGHEST CALIBER OF ARTISTIC EDUCATION (SEE SCHEDULE O)FOR GIFTED MUSICIANS, DANCERS, AND ACTORS FROM AROUND THE WORLD.ActivityOrMissionDesc
Voting Members Governing Body28VotingMembersGoverningBodyCnt
Voting Members Independent27VotingMembersIndependentCnt
Total Employee2720TotalEmployeeCnt
Total Volunteers37TotalVolunteersCnt
Total Gross UBI-$861,728TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$76,927,362PYContributionsGrantsAmt
CY Contributions Grants$47,449,568CYContributionsGrantsAmt
PY Program Service Revenue$68,360,632PYProgramServiceRevenueAmt
CY Program Service Revenue$72,672,768CYProgramServiceRevenueAmt
PY Investment Income$98,885,805PYInvestmentIncomeAmt
CY Investment Income$59,525,625CYInvestmentIncomeAmt
PY Other Revenue$379,239PYOtherRevenueAmt
CY Other Revenue$1,574,456CYOtherRevenueAmt
PY Total Revenue$244,553,038PYTotalRevenueAmt
CY Total Revenue$181,222,417CYTotalRevenueAmt
PY Grants And Similar Paid$32,759,366PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$34,555,078CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$72,404,345PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$83,254,263CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$3,815,844CYTotalFundraisingExpenseAmt
PY Other Expenses$53,920,404PYOtherExpensesAmt
CY Other Expenses$64,248,949CYOtherExpensesAmt
PY Total Expenses$159,084,115PYTotalExpensesAmt
CY Total Expenses$182,058,290CYTotalExpensesAmt
PY Revenues Less Expenses$85,468,923PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$835,873CYRevenuesLessExpensesAmt
Total Assets BOY$1,565,030,492TotalAssetsBOYAmt
Total Assets EOY$1,555,536,376TotalAssetsEOYAmt
Total Liabilities BOY$252,042,317TotalLiabilitiesBOYAmt
Total Liabilities EOY$243,603,436TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$1,312,988,175NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$1,311,932,940NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTHE MISSION OF THE JUILLIARD SCHOOL IS TO PROVIDE THE HIGHEST CALIBER OF ARTISTIC EDUCATION FOR GIFTED MUSICIANS, DANCERS, AND ACTORS FROM AROUND THE WORLD SO THAT THEY MAY ACHIEVE THEIR FULLEST POTENTIAL AS ARTISTS, LEADERS, AND GLOBAL CITIZENS.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$89,010,117ExpenseAmt
Grant$0GrantAmt
Revenue$52,507,777RevenueAmt
DescJUILLIARD'S PRIMARY PROGRAM SERVICE ACCOMPLISHMENT IS PROVIDING INSTRUCTION IN MUSIC, DANCE, AND DRAMA TO APPROXIMATELY 1,200 STUDENTS IN ITS COLLEGE AND PRE-COLLEGE PROGRAMS. THE EXPENSES ASSOCIATED WITH PROVIDED INSTRUCTION INCLUDE COMPENSATION (SALARIES AND EMPLOYMENT BENEFITS) RELATING TO THE EDUCATIONAL FUNCTION OF THE SCHOOL, OCCUPANCY COSTS ALLOCABLE TO INSTRUCTION, TEACHING MATERIALS AND SERVICES, AND INSTRUMENT MAINTENANCE AND REPAIR.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$33,886,500ExpenseAmt
Grant$33,886,500GrantAmt
Revenue$0RevenueAmt
DescPROVIDING FINANCIAL ASSISTANCE TO STUDENTS IS A HIGH PRIORITY OF THE SCHOOL, SO THAT FINANCIAL CIRCUMSTANCES WILL NOT BE A BARRIER TO ENTRY FOR ITS TALENTED MUSICIANS, ACTORS, AND DANCERS. STUDENT ASSISTANCE INCLUDES SCHOLARSHIPS, FELLOWSHIPS, PRIZES, CERTAIN GRANTS, AND FEDERAL AID GRANTS RECEIVED AND DISTRIBUTED TO ELIGIBLE STUDENTS. APPROXIMATELY 91% OF THE COLLEGE POPULATION OF THE SCHOOL (878 STUDENTS IN TOTAL) RECEIVED STUDENT ASSISTANCE DURING 2022-2023.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$11,288,433ExpenseAmt
Grant$668,578GrantAmt
Revenue$7,489,526RevenueAmt
DescDURING 2022-2023 THE SCHOOL SUPPORTED ITS MISSION OF HIGHER EDUCATION THROUGH PROGRAM SERVICES INDIRECTLY RELATED TO THE EDUCATION OF TALENTED MUSICIANS, ACTORS AND DANCERS. SUCH INDIRECT PROGRAM SERVICES INCLUDE SUPPORT OF STUDENT ACTIVITIES AND PROGRAMMING, AUXILIARY SERVICES SUCH AS THE JUILLIARD STORE AND THE STUDENT RESIDENCE HALL, AND EMPLOYEE BENEFIT COSTS.Desc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp (2 entries)

ExpenseExpenseAmtGrantGrantAmtRevenueRevenueAmtDescDesc
$3,369,274$0$12,568,160INTERNATIONAL EDUCATION
$5,955,181$0$412,573STUDENT PERFORMING ARTS PRODUCTION
FieldValueIRS element (for citing)
Total Other Prog Srvc Expense$9,324,455TotalOtherProgSrvcExpenseAmt
Total Other Prog Srvc Grant$0TotalOtherProgSrvcGrantAmt
Total Other Prog Srvc Revenue$12,980,733TotalOtherProgSrvcRevenueAmt
Total Program Service Expenses$143,509,505TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying ActivitiesYes (1)LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of ArtYes (1)CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (1)DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other SecYes (1)ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School OperatingYes (1)SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign ActivitiesYes (1)ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising ActivitiesYes (1)FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt BondsYes (1)TaxExemptBondsInd
Invest Tax Exempt Bonds0InvestTaxExemptBondsInd
Escrow Account0EscrowAccountInd
On Behalf Of Issuer0OnBehalfOfIssuerInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash ContriYes (1)DeductibleNonCashContriInd
Deductible Art ContributionYes (1)DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded EntityYes (1)DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl EntYes (1)RelatedOrganizationCtrlEntInd
Transaction With Control EntYes (1)TransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document515IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee2720EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (1)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (1)Form990TFiledInd
Foreign Financial AccountYes (1)ForeignFinancialAccountInd
Foreign CountryCHForeignCountryCd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo ContributionsYes (1)QuidProQuoContributionsInd
Quid Pro Quo Contri DisclYes (1)QuidProQuoContriDisclInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncYes (1)SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members28GoverningBodyVotingMembersCnt
Independent Voting Member27IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldCAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNYStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MICHAEL KERSTANBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2127995000PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line160 LINCOLN CENTER PLAZAAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10023ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (53 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtKey EmployeeKeyEmployeeIndHighest Compensated EmployeeHighestCompensatedEmployeeInd
DAMIAN WOETZEL
PRESIDENT50.000.00Yes (X)Yes (X)$867,173$0$129,639
VINCENT MAI
CHAIRMAN (AS OF 7/1/22)3.000.00Yes (X)$0$0$0
JULIE CHOI
VICE CHAIR2.000.00Yes (X)$0$0$0
LAURA LINNEY
VICE CHAIR2.000.00Yes (X)$0$0$0
J CHRISTOPHER KOJIMA
TRUSTEE1.000.00Yes (X)$0$0$0
JOSHUA BLACK
TRUSTEE1.000.00Yes (X)$0$0$0
RONDI CHARLESTON
TRUSTEE1.000.00Yes (X)$0$0$0
BARBARA FLEISCHMAN
TRUSTEE (THRU 12/13/22)1.000.00Yes (X)$0$0$0
TRICIA GLYNN
TRUSTEE (THRU 6/30/23)1.000.00Yes (X)$0$0$0
MARY GRAHAM
TRUSTEE (THRU 9/9/22)1.000.00Yes (X)$0$0$0
JOAN HARRIS
TRUSTEE1.000.00Yes (X)$0$0$0
EDWARD JOHNSON JR
TRUSTEE1.000.00Yes (X)$0$0$0
PHILIPPE KHUONG-HUU
TRUSTEE1.000.00Yes (X)$0$0$0
TERESA LINDSAY
TRUSTEE1.000.00Yes (X)$0$0$0
ELLEN MARCUS
TRUSTEE1.000.00Yes (X)$0$0$0
STEPHANIE P MCCLELLAND
TRUSTEE1.000.00Yes (X)$0$0$0
CHRISTINA MCINERNEY
TRUSTEE1.000.00Yes (X)$0$0$0
LESTER MORSE JR
TRUSTEE1.000.00Yes (X)$0$0$0
REBECCA MORSE
TRUSTEE1.000.00Yes (X)$0$0$0
SUSAN ROSE
TRUSTEE1.000.00Yes (X)$0$0$0
JEFFREY SELLER
TRUSTEE1.000.00Yes (X)$0$0$0
DEBORAH SIMON
TRUSTEE1.000.00Yes (X)$0$0$0
SARAH B SOLOMON
TRUSTEE1.000.00Yes (X)$0$0$0
WILLIAM STRICKER
TRUSTEE1.000.00Yes (X)$0$0$0
YAEL TAQQU
TRUSTEE1.000.00Yes (X)$0$0$0
LAURIE TISCH
TRUSTEE1.000.00Yes (X)$0$0$0
REGINALD VAN LEE
TRUSTEE (THRU 5/9/23)1.000.00Yes (X)$0$0$0
CAMILLE ZAMORA
TRUSTEE1.000.00Yes (X)$0$0$0
JON BATISTE
TRUSTEE (AS OF 10/12/22)1.000.00Yes (X)$0$0$0
MARY SCHMIDT CAMPBELL
TRUSTEE (AS OF 5/9/23)1.000.00Yes (X)$0$0$0
VIRGINIA GAMBALE
TRUSTEE (AS OF 12/13/22)1.000.00Yes (X)$0$0$0
ANNE AKIKO MEYERS
TRUSTEE (AS OF 10/12/22)1.000.00Yes (X)$0$0$0
ROBERT WEISSENSTEIN
TRUSTEE (AS OF 5/9/23)1.000.00Yes (X)$0$0$0
LESLEY ROSENTHAL
CHIEF OPERATING OFFICER50.000.00Yes (X)$587,439$0$72,738
CATHY NADEAU
VP & CHIEF FINANCIAL OFFICER50.000.00Yes (X)$476,357$0$78,522
ALEXANDRA WHEELER
VP & CHIEF ADVANCEMENT OFFICER50.000.00Yes (X)$450,740$0$72,680
MAURICE EDELSON
VP ADMIN & GEN COUNSEL (THRU 9/5/22)50.000.00Yes (X)$371,453$0$62,245
STEPHANIE VULLO
VP ADMIN & GEN COUNSEL (AS OF 5/1/23)50.000.00Yes (X)$0$0$0
JOSEPH W POLISI
CHIEF CHINA OFFICER50.001.00Yes (X)$350,469$0$63,589
ADAM MEYER
PROVOST & DEAN50.000.00Yes (X)$326,878$0$72,410
JOAN WARREN
VP FOR ENROLLMENT & STUDENT DEVELOP.50.000.00$267,852$0$42,289Yes (X)
ROSALIE P CONTRERAS
VP PUBLIC AFFAIRS50.000.00$310,650$0$72,379Yes (X)
CARL YOUNG
CHIEF INFORMATION OFFICER50.000.00$302,477$0$40,845Yes (X)
EVAN D YIONOULIS
DEAN & DIRECTOR, DRAMA50.000.00$295,984$0$32,807Yes (X)
DAVID A LUDWIG
DEAN & DIRECTOR, MUSIC DIVISION50.000.00$274,069$0$60,806Yes (X)
WESTON SPROTT
DEAN & DIR., PREPARATORY DIVISION50.000.00$250,132$0$38,220Yes (X)
ALICIA GRAF MACK
DEAN & DIRECTOR, DANCE DIVISION50.000.00$239,227$0$69,084Yes (X)
JANE GOTTLIEB
VP LIBRARY & INFORMATION RESOURCES50.000.00$204,511$0$52,056Yes (X)
MICHAEL KERSTAN
CONTROLLER50.000.00$280,279$0$71,100Yes (X)
STEVEN LAITZ
CHAIR, MUSIC THEORY & ANALYSIS50.000.00$263,933$0$43,300Yes (X)
HUNG-KUAN CHEN
PIANO FACULTY50.000.00$257,064$0$51,487Yes (X)
BRIAN ZEGER
ARTISTIC DIRECTOR,VOCAL ARTS50.000.00$258,722$0$45,249Yes (X)
LI LIN
VIOLIN FACULTY50.000.00$241,510$0$61,158Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$6,876,919TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$1,232,603TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K157IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
INVESTURE LLC
126 GARRETT STREET SUITE JCHARLOTTESVILLEVA22902INVESTMENT MANAGEMENT$7,740,644
HURON CONSULTING GROUP INC
PO BOX 71223CHICAGOIL606941223CONSULTING$4,185,015
YORKE CONSTRUCTION CORPORATION
140 WEST 31ST STREETNEW YORKNY10001CONSTRUCTION$3,724,626
AROL MANAGEMENT LLC
444 EAST 75TH STREETNEW YORKNY10021CONSTRUCTION$2,812,707
FXCOLLABORATIVE ARCHITECTS LLP
1 WILLOUGHBY SQ 7TH FLBROOKLYNNY11201ARCHITECTURAL$840,787
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K30CntrctRcvdGreaterThan100KCnt
Fundraising$1,796,277FundraisingAmt
Government Grants$2,189,831GovernmentGrantsAmt
All Other Contributions$43,463,460AllOtherContributionsAmt
Noncash Contributions$2,848,473NoncashContributionsAmt
Total Contributions$47,449,568TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (4 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtExclusionExclusionAmt
TUITION & FEES611310$51,945,422$51,945,422
INT'L PROGRAM DEV AND OPERATIONS900099$12,568,160$12,568,160
RESIDENCE HALL721310$7,184,258$6,840,290$343,968
USER FEES, EDUCATION PROGRAM611710$974,928$974,928
FieldValueIRS element (for citing)
Total Program Service Revenue$72,672,768TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$4,228,454TotalRevenueColumnAmt
Unrelated Business Revenue-$861,728UnrelatedBusinessRevenueAmt
Exclusion$5,090,182ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$624,745,288SecuritiesAmt
Other$33,499OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$569,481,616SecuritiesAmt
Other$0OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$55,263,672SecuritiesAmt
Other$33,499OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$55,297,171TotalRevenueColumnAmt
Exclusion$55,297,171ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$66,040FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$1,796,277ContriRptFundraisingEventAmt
Fundraising Direct Expenses$357,098FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column-$291,058TotalRevenueColumnAmt
Exclusion-$291,058ExclusionAmt
FieldValueIRS element (for citing)
Gross Sales Of Inventory$1,514,513GrossSalesOfInventoryAmt
Cost Of Goods Sold$865,277CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$649,236TotalRevenueColumnAmt
Related Or Exempt Func Income$649,236RelatedOrExemptFuncIncomeAmt

Other Revenue Misc OtherRevenueMiscGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtExclusionExclusionAmt
CON-ED INITIATIVE CREDIT900099$953,493$953,493
VENDING MACHINE900099$9,940$9,940

Miscellaneous Revenue MiscellaneousRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$252,845TotalRevenueColumnAmt
Exclusion$252,845ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$1,216,278OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$181,222,417TotalRevenueColumnAmt
Related Or Exempt Func Income$72,978,036RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue-$861,728UnrelatedBusinessRevenueAmt
Exclusion$61,656,541ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$34,555,078TotalAmt
Program Services$34,555,078ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$6,646,708TotalAmt
Program Services$2,864,663ProgramServicesAmt
Management And General$3,025,132ManagementAndGeneralAmt
Fundraising$756,913FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$60,807,074TotalAmt
Program Services$53,664,472ProgramServicesAmt
Management And General$5,619,273ManagementAndGeneralAmt
Fundraising$1,523,329FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$3,375,210TotalAmt
Program Services$2,978,747ProgramServicesAmt
Management And General$311,908ManagementAndGeneralAmt
Fundraising$84,555FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$7,267,516TotalAmt
Program Services$6,413,849ProgramServicesAmt
Management And General$671,602ManagementAndGeneralAmt
Fundraising$182,065FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$5,157,755TotalAmt
Program Services$4,322,418ProgramServicesAmt
Management And General$660,982ManagementAndGeneralAmt
Fundraising$174,355FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$4,836,825TotalAmt
Program Services$153,228ProgramServicesAmt
Management And General$4,683,597ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$214,302TotalAmt
Management And General$214,302ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$4,910,601TotalAmt
Management And General$4,910,601ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$5,104,421TotalAmt
Program Services$3,004,883ProgramServicesAmt
Management And General$1,817,207ManagementAndGeneralAmt
Fundraising$282,331FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$937,968TotalAmt
Program Services$283,000ProgramServicesAmt
Management And General$654,968ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$2,676,973TotalAmt
Program Services$1,625,800ProgramServicesAmt
Management And General$784,537ManagementAndGeneralAmt
Fundraising$266,636FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$6,281,212TotalAmt
Management And General$6,281,212ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$9,845,687TotalAmt
Program Services$8,861,118ProgramServicesAmt
Management And General$886,112ManagementAndGeneralAmt
Fundraising$98,457FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$1,367,197TotalAmt
Program Services$1,193,694ProgramServicesAmt
Management And General$123,082ManagementAndGeneralAmt
Fundraising$50,421FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$636,501TotalAmt
Program Services$277,209ProgramServicesAmt
Management And General$136,283ManagementAndGeneralAmt
Fundraising$223,009FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$8,095,261TotalAmt
Program Services$7,285,735ProgramServicesAmt
Management And General$728,573ManagementAndGeneralAmt
Fundraising$80,953FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$12,364,015TotalAmt
Program Services$11,422,044ProgramServicesAmt
Management And General$849,151ManagementAndGeneralAmt
Fundraising$92,820FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$2,374,419TotalAmt
Management And General$2,374,419ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
AUXILIARY SERVICES$2,230,845$2,230,845
PERFORMANCE PRODUCTION$1,574,966$1,574,966
INSTRUMENT PURCH & MAIN$797,756$797,756

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$182,058,290TotalAmt
Program Services$143,509,505ProgramServicesAmt
Management And General$34,732,941ManagementAndGeneralAmt
Fundraising$3,815,844FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$12,207,804BOYAmt
EOY$12,032,800EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$9,132,059BOYAmt
EOY$15,698,479EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$5,310,852BOYAmt
EOY$7,739,004EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$298,847BOYAmt
EOY$252,116EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$1,036,069BOYAmt
EOY$1,106,385EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$15,545,259BOYAmt
EOY$14,147,416EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$324,096,962LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$175,711,206LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$142,688,996BOYAmt
EOY$148,385,756EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$166,007,883BOYAmt
EOY$166,352,229EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$1,205,695,967BOYAmt
EOY$1,183,350,997EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$7,106,756BOYAmt
EOY$6,471,194EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$1,565,030,492BOYAmt
EOY$1,555,536,376EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$24,679,092BOYAmt
EOY$27,258,645EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$764,741BOYAmt
EOY$1,075,673EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$193,447,671BOYAmt
EOY$193,201,627EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$33,150,813BOYAmt
EOY$22,067,491EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$252,042,317BOYAmt
EOY$243,603,436EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$263,006,351BOYAmt
EOY$259,695,292EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,049,981,824BOYAmt
EOY$1,052,237,648EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,312,988,175BOYAmt
EOY$1,311,932,940EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,565,030,492BOYAmt
EOY$1,555,536,376EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss-$835,873ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$12,387,589NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$12,168,227OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit RequiredYes (1)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (1)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$28,153,160CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$38,377,052CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$48,891,519CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$76,927,362CurrentTaxYearMinus1YearAmt
Current Tax Year$47,449,568CurrentTaxYearAmt
Total$239,798,661TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$28,153,160CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$38,377,052CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$48,891,519CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$76,927,362CurrentTaxYearMinus1YearAmt
Current Tax Year$47,449,568CurrentTaxYearAmt
Total$239,798,661TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$71,969,686SubstantialContributorsTotAmt
Public Support Total170$167,828,975PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$2,238,440CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$2,195,536CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,260,129CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,076,262CurrentTaxYearMinus1YearAmt
Current Tax Year$4,228,454CurrentTaxYearAmt
Total$10,998,821TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$2,306,131CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,497,194CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$667,374CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,133,217CurrentTaxYearMinus1YearAmt
Current Tax Year$2,796,831CurrentTaxYearAmt
Total$8,400,747TotalAmt
FieldValueIRS element (for citing)
Total Support$259,198,229TotalSupportAmt
Gross Receipts Rltd Activities$335,169,002GrossReceiptsRltdActivitiesAmt
Public Support CY1700.64750PublicSupportCY170Pct
Public Support PY1700.59930PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:FormAndLineReferenceDesc
ExplanationGROSS INCOME FROM FUNDRAISING - 2018 AMOUNT: $ 173,000. 2019 AMOUNT: $ 61,250. 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 5,680. 2022 AMOUNT: $ 66,040. GROSS SALES OF INVENTORY - 2018 AMOUNT: $ 1,934,837. 2019 AMOUNT: $ 1,315,506. 2020 AMOUNT: $ 621,566. 2021 AMOUNT: $ 1,035,923. 2022 AMOUNT: $ 1,514,513. VENDING MACHINE - 2018 AMOUNT: $ 17,502. 2019 AMOUNT: $ 10,701. 2020 AMOUNT: $ 5,306. 2021 AMOUNT: $ 10,713. 2022 AMOUNT: $ 9,940. CON-ED INITIATIVE CREDIT - 2018 AMOUNT: $ 0. 2019 AMOUNT: $ 0. 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 0. 2022 AMOUNT: $ 953,493. MISCELLANEOUS REVENUE - 2018 AMOUNT: $ 180,792. 2019 AMOUNT: $ 109,737. 2020 AMOUNT: $ 40,502. 2021 AMOUNT: $ 80,901. 2022 AMOUNT: $ 252,845.ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
Volunteers0VolunteersInd
Paid Staff Or Management0PaidStaffOrManagementInd
Media Advertisements0MediaAdvertisementsInd
Mailings Members0MailingsMembersInd
Publications Or Broadcast0PublicationsOrBroadcastInd
Grants Other Organizations0GrantsOtherOrganizationsInd
Direct Contact Legislators0DirectContactLegislatorsInd
Rallies Demonstrations0RalliesDemonstrationsInd
Other ActivitiesYes (1)OtherActivitiesInd
Total Lobbying Expenditures$0TotalLobbyingExpendituresAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART II-B, LINE 1:FormAndLineReferenceDesc
ExplanationTHE JUILLIARD SCHOOL DOES NOT GENERALLY ENGAGE IN DIRECT LOBBYING. HOWEVER, AS AN EDUCATIONAL INSTITUTION, THE SCHOOL IS A MEMBER OF VARIOUS INDUSTRY ASSOCIATIONS THAT MAY LOBBY ON BEHALF OF THE INDUSTRY. WHILE THE JUILLIARD SCHOOL PAYS MEMBERSHIP DUES TO THESE ORGANIZATIONS, THE SCHOOL IS UNABLE TO DETERMINE THE MINIMAL AMOUNT THAT MAY BE ALLOCATED FOR THAT PURPOSE.ExplanationTxt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Collection Used Pub ExhibitionYes (X)CollectionUsedPubExhibitionInd
Coll Used Scholarly RsrchYes (X)CollUsedScholarlyRsrchInd
Collection Used PreservationYes (X)CollectionUsedPreservationInd
Solicited Assets Sale0SolicitedAssetsSaleInd

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$1,314,816,037BeginningYearBalanceAmt
Contributions$18,902,823ContributionsAmt
Investment Earnings Or Losses$39,371,539InvestmentEarningsOrLossesAmt
Grants Or Scholarships$22,470,365GrantsOrScholarshipsAmt
Other Expenditures$42,948,125OtherExpendituresAmt
End Year Balance$1,307,671,909EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$1,368,674,324BeginningYearBalanceAmt
Contributions$55,898,852ContributionsAmt
Investment Earnings Or Losses-$50,663,095InvestmentEarningsOrLossesAmt
Grants Or Scholarships$20,810,010GrantsOrScholarshipsAmt
Other Expenditures$38,284,034OtherExpendituresAmt
End Year Balance$1,314,816,037EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$1,052,919,649BeginningYearBalanceAmt
Contributions$5,046,730ContributionsAmt
Investment Earnings Or Losses$369,536,022InvestmentEarningsOrLossesAmt
Grants Or Scholarships$19,679,585GrantsOrScholarshipsAmt
Other Expenditures$39,148,492OtherExpendituresAmt
End Year Balance$1,368,674,324EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$1,092,632,637BeginningYearBalanceAmt
Contributions$3,717,439ContributionsAmt
Investment Earnings Or Losses$12,227,898InvestmentEarningsOrLossesAmt
Grants Or Scholarships$18,674,249GrantsOrScholarshipsAmt
Other Expenditures$36,984,076OtherExpendituresAmt
End Year Balance$1,052,919,649EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$1,095,547,708BeginningYearBalanceAmt
Contributions$11,841,106ContributionsAmt
Investment Earnings Or Losses$39,328,571InvestmentEarningsOrLossesAmt
Grants Or Scholarships$18,564,103GrantsOrScholarshipsAmt
Other Expenditures$35,520,645OtherExpendituresAmt
End Year Balance$1,092,632,637EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.24500BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.75500PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.00000TermEndowmentBalanceEOYPct
Endowments Held Unrelated Org0EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$2,421,438OtherCostOrOtherBasisAmt
Book Value$2,421,438BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$33,308,239OtherCostOrOtherBasisAmt
Depreciation$30,654,822DepreciationAmt
Book Value$2,653,417BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$237,155,129OtherCostOrOtherBasisAmt
Depreciation$115,803,148DepreciationAmt
Book Value$121,351,981BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$32,702,218OtherCostOrOtherBasisAmt
Depreciation$29,253,236DepreciationAmt
Book Value$3,448,982BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$18,509,938OtherCostOrOtherBasisAmt
Book Value$18,509,938BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$148,385,756TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp (4 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
PRIVATE EQUITY$619,277,959F
MULTI-STRATEGY$325,514,497F
GLOBAL EQUITY$233,647,124F
OTHER INVESTMENTS$4,911,417F
FieldValueIRS element (for citing)
Total Book Value Securities$1,183,350,997TotalBookValueSecuritiesAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)

DescDescAmtAmt
FAIR VALUE OF DERIVATIVE INSTRUMENTS$17,671,590
LIABILITIES TO ANNUITANTS$2,693,450
OPERATING LEASE LIABILITIES$1,509,676
FEDERAL LOAN CAPITAL ADVANCES$192,775
FieldValueIRS element (for citing)
Total Liability$22,067,491TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$145,177,960TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst-$12,387,590NetUnrealizedGainsInvstAmt
Other Revenue$12,168,227OtherRevenueAmt
Revenue Not Reported-$219,363RevenueNotReportedAmt
Revenue Subtotal$145,397,323RevenueSubtotalAmt
Investment Expenses Not Incld$4,910,601InvestmentExpensesNotIncldAmt
Other Revenues Not Included$30,914,493OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt$35,825,094RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$181,222,417TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$146,233,196TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$146,233,196ExpensesSubtotalAmt
Investment Expenses Not Incld2$4,910,601InvestmentExpensesNotIncld2Amt
Other Expenses Not Included$30,914,493OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$35,825,094ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$182,058,290TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART III, LINE 1A:COLLECTIONS OF ART, HISTORICAL TREASURERS THE SCHOOL'S COLLECTIONS COMPRISE RARE INSTRUMENTS AND MUSIC MANUSCRIPTS THAT ARE HELD FOR EDUCATIONAL AND CURATORIAL PURPOSES. EACH OF THE ITEMS IS CATALOGUED, PRESERVED AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUOUSLY. THE COLLECTIONS GENERALLY ARE SUBJECT TO A POLICY THAT REQUIRES PROCEEDS FROM THEIR SALES TO BE USED TO ACQUIRE OTHER ITEMS FOR COLLECTIONS. THE COLLECTIONS, WHICH WERE ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE THE SCHOOL'S INCEPTION, ARE NOT RECOGNIZED AS ASSETS IN THE BALANCE SHEETS. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN NET ASSETS WITHOUT DONOR RESTRICTIONS IN THE PERIOD IN WHICH THE ITEMS ARE ACQUIRED, OR AS DECREASES IN NET ASSETS WITH DONOR RESTRICTIONS IF THE ASSETS USED TO PURCHASE THE ITEMS ARE RESTRICTED BY DONORS. CONTRIBUTED COLLECTION ITEMS ARE NOT REFLECTED IN THE FINANCIAL STATEMENTS. PROCEEDS FROM DEACCESIONS OR INSURANCE RECOVERIES ARE REFLECTED AS INCREASES IN THE APPROPRIATE NET ASSET CLASSES. THE VALUE OF THE SCHOOL'S COLLECTIONS IS PERIODICALLY ESTIMATED FOR INSURANCE PURPOSES.
PART III, LINE 4:DESCRIPTION OF ORGANIZATION'S COLLECTION THE SCHOOL'S COLLECTIONS INCLUDE RARE MUSICAL INSTRUMENTS AND HISTORIC MUSIC MANUSCRIPTS. ACCESS TO THESE COLLECTIONS PROVIDES EXCEPTIONAL EDUCATIONAL OPPORTUNITIES TO THE STUDENTS ATTENDING THE SCHOOL AS THEY PREPARE FOR PROFESSIONAL CAREERS IN THE PERFORMING ARTS. ADDITIONALLY, THE COLLECTIONS ARE HELD FOR CURATORIAL PURPOSES, AS THEIR PRESERVATION AND ONGOING CARE IS ESSENTIAL TO ENSURING ACCESS TO THEM BY FUTURE GENERATIONS OF STUDENTS AND SCHOLARS. ON OCCASION IN CONNECTION WITH A RELEVANT PERFORMANCE, LECTURE, OR PRESENTATION, THE VIEWING AREA FOR THE COLLECTION ITEMS IS OPENED SO VISITORS TO THE SCHOOL MAY VIEW THE ITEMS.
PART V, LINE 4:INTENDED USES OF ENDOWMENT FUNDS THE SCHOOL'S ENDOWMENT CONSISTS OF APPROXIMATELY 690 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES INCLUDING SCHOLARSHIPS AND STUDENT AID, EDUCATIONAL PROGRAMS, AND OTHER PURPOSES IN SUPPORT OF THE SCHOOL'S MISSION.
PART X, LINE 2:INCOME TAXES THE SCHOOL RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE TAX POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. INCOME GENERATED FROM ACTIVITIES UNRELATED TO THE SCHOOL'S EXEMPT PURPOSE IS SUBJECT TO TAX UNDER INTERNAL REVENUE CODE SECTION 511. THE SCHOOL DID NOT RECOGNIZE ANY UNRELATED BUSINESS INCOME TAX LIABILITY FOR THE YEARS ENDED JUNE 30, 2023 AND 2022. SECTION 4968 OF THE ACT IMPOSES A TAX ON APPLICABLE EDUCATIONAL INSTITUTIONS EQUIVALENT TO 1.4% OF THE INSTITUTION'S NET INVESTMENT INCOME FOR THE YEAR. THE SCHOOL DETERMINED THAT IT MEETS THE DEFINITION OF AN APPLICABLE EDUCATIONAL INSTITUTION AND RECORDED APPROXIMATELY $506,000 AND $1,369,000 OF TAX EXPENSE FOR THE YEARS ENDED JUNE 30, 2023 AND 2022, RESPECTIVELY, BASED ON REASONABLE ESTIMATES UNDER THE REGULATORY GUIDANCE; APPROXIMATELY $325,000 OF WHICH IS ESTIMATED TO REPRESENT THE CURRENT PORTION OF THE TAX LIABILITY FOR THE YEAR ENDED JUNE 30, 2023.
PART XI, LINE 2D - OTHER ADJUSTMENTS:CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 511,598. CHANGE IN FAIR VALUE OF DERIVATIVE INSTRUMENTS 10,051,047. LIABILITY ADJUSTMENT DUE TO UNREALIZED GAINS/LOSSES 1,605,582.
PART XI, LINE 4B - OTHER ADJUSTMENTS:FINANCIAL AID GRANTS 30,679,770. JUILLIARD STORE COST OF SALES -865,277. ACCRUED ESTIMATED EXCISE TAX ON INVESTMENTS -505,582. RECLASS OF EXCISE TAX ON INVESTMENTS 1,605,582.
PART XII, LINE 4B - OTHER ADJUSTMENTS:FINANCIAL AID GRANTS 30,679,770. JUILLIARD STORE COST OF SALES -865,277. ACCRUED ESTIMATED EXCISE TAX ON INVESTMENTS -505,582. RECLASS OF EXCISE TAX ON INVESTMENTS 1,605,582.

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (1)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (1)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (1)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (1)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (1)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (1)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (1)MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts0DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy0DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty0DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs0DiscriminateRaceSchsInd
Discriminate Race Educ Plcy0DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts0DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog0DiscriminateRaceAthltProgInd
Discriminate Race Other Acty0DiscriminateRaceOtherActyInd
Government Financial Aid RcvdYes (1)GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd0GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (1)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE E, PART I, LINE 3UNDER REV PROC 75-50, 4.03(2)(B), THE SCHOOL WOULD SEEM TO BE EXEMPT IN THAT IT "CUSTOMARILY DRAWS A SUBSTANTIAL PERCENTAGE OF ITS STUDENTS NATIONWIDE OR WORLDWIDE FROM A LARGE GEOGRAPHIC SECTION OF THE U.S. AND FOLLOWS A RACIALLY NON-DISCRIMINATORY POLICY." THE SCHOOL'S POLICY OF NON DISCRIMINATION FOR ADMISSIONS AND FINANCIAL AID AWARDS IS CLEARLY STATED IN ADMISSIONS MATERIALS SENT TO ALL PROSPECTIVE STUDENTS.
SCHEDULE E, PART I, LINE 6THE SCHOOL REGULARLY PARTICIPATES IN THE FOLLOWING FEDERAL PROGRAMS: FWS, PELL GRANT, SEOG, FEDERAL DIRECT STUDENT LOANS, AND PERKINS LOANS. AT THE STATE LEVEL, IT HAS BEEN THE RECIPIENT OF NEW YORK AID TO NON-PUBLIC COLLEGES ("BUNDY FUNDS") AND LIBRARY GRANTS. DURING 2022-2023, THE SCHOOL ALSO RECEIVED FUNDS FROM THE HEERF ACT.

Schedule F IRS990ScheduleF

Account Activities Outside US AccountActivitiesOutsideUSGrp (9 entries)

RegionRegionTxtOfficesOfficesCntEmployeeEmployeeCntType Of Activities ConductedTypeOfActivitiesConductedTxtSpecific Services ProvidedSpecificServicesProvidedTxtRegion Total ExpendituresRegionTotalExpendituresAmt
EAST ASIA AND THE PACIFIC00PROGRAM SERVICESMEETINGS/PERFORMANCES$352,421
EUROPE (INCLUDING ICELAND & GREENLAND)00PROGRAM SERVICESMEETINGS/PERFORMANCES$267,268
MIDDLE EAST AND NORTH AFRICA00PROGRAM SERVICESMEETINGS/PERFORMANCES$95,988
SOUTH AMERICA00PROGRAM SERVICESMEETINGS/PERFORMANCES$41,543
NORTH AMERICA00PROGRAM SERVICESMEETINGS/PERFORMANCES$25,929
CENTRAL AMERICA AND THE CARIBBEAN00PROGRAM SERVICESMEETINGS/PERFORMANCES$16,865
RUSSIA AND NEIGHBORING STATES00PROGRAM SERVICESMEETINGS/PERFORMANCES$7,073
CENTRAL AMERICA AND THE CARIBBEAN00INVESTMENTS$343,625,506
EUROPE (INCLUDING ICELAND & GREENLAND)00INVESTMENTS$47,903
FieldValueIRS element (for citing)
Subtotal Offices0SubtotalOfficesCnt
Subtotal Employees0SubtotalEmployeesCnt
Continuation Total Office0ContinuationTotalOfficeCnt
Continuation Total Employee0ContinuationTotalEmployeeCnt
Total Office0TotalOfficeCnt
Total Employee0TotalEmployeeCnt
Subtotal Spent$344,432,593SubtotalSpentAmt
Continuation Spent$47,903ContinuationSpentAmt
Total Spent$344,480,496TotalSpentAmt
Transfer To Foreign CorpYes (1)TransferToForeignCorpInd
Interest In Foreign Trust0InterestInForeignTrustInd
Foreign Corp OwnershipYes (1)ForeignCorpOwnershipInd
Passive Foreign Investmest Co0PassiveForeignInvestmestCoInd
Foreign PartnershipYes (1)ForeignPartnershipInd
Boycott Countries0BoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART III ACCOUNTING METHOD:
PART IVTHE JUILLIARD SCHOOL INVESTS IN DOMESTIC AND FOREIGN LIMITED PARTNERSHIPS THAT MAY OWN AN INTEREST IN A FOREIGN CORPORATION, PASSIVE FOREIGN INVESTMENT COMPANY, OR FOREIGN PARTNERSHIP. NEVERTHELESS, JUILLIARD'S INVESTMENT ACTIVITIES MAY NOT REACH THE THRESHOLDS REQUIRED FOR FILING THE FORMS 926, 5471, 8621, OR 8865. TO THE EXTENT SUCH A FORM WAS REQUIRED, IT HAS BEEN FILED WITH THE ORGANIZATION'S FORM 990-T.

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1SPRING GALAEvent1Nm
Gross Receipts Event1$1,862,317GrossReceiptsEvent1Amt
Charitable Contri Event1$1,796,277CharitableContriEvent1Amt
Gross Revenue Event1$66,040GrossRevenueEvent1Amt
Rent Facility Costs Event1$232,147RentFacilityCostsEvent1Amt
Food And Beverage Event1$85,670FoodAndBeverageEvent1Amt
Entertainment Event1$31,849EntertainmentEvent1Amt
Other Direct Expenses Event1$7,432OtherDirectExpensesEvent1Amt
Gross Receipts Total$1,862,317GrossReceiptsTotalAmt
Charitable Contributions Tot$1,796,277CharitableContributionsTotAmt
Gross Revenue Total Events$66,040GrossRevenueTotalEventsAmt
Rent Fclty Costs Total Events$232,147RentFcltyCostsTotalEventsAmt
Food And Beverage Total Events$85,670FoodAndBeverageTotalEventsAmt
Entertainment Total Events$31,849EntertainmentTotalEventsAmt
Oth Direct Expnss Total Events$7,432OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$357,098DirectExpenseSummaryEventsAmt
Net Income Summary-$291,058NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (6 entries)

Grant TypeGrantTypeTxtRecipientRecipientCntCash GrantCashGrantAmt
STUDENT SCHOLARSHIPS991$31,780,176
FEDERAL FINANCIAL GRANTS & ALLOCATIONS188$821,506
FELLOWSHIPS195$510,186
PRIZES & LIVING EXPENSE GRANTS159$545,201
CAREER AND OTHER GRANTS278$799,718
HEERF AID - STUDENT AID INSTITUTIONAL PORTIONS85$98,291

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationAS FEDERALLY MANDATED, THE SCHOOL PREPARES ANNUALLY A STUDENT COST OF ATTENDANCE BUDGET, WHICH INCLUDES TUITION, ROOM AND BOARD, AND AN ESTIMATE FOR THE COST OF BOOKS, SUPPLIES, TRANSPORTATION, AND PERSONAL EXPENSES. THE SCHOOL THEN AWARDS FEDERAL, STATE AND INSTITUTIONAL AID BASED UPON THE COST OF ATTENDANCE AND THE FAMILY'S EXPECTED CONTRIBUTION, AS DETERMINED BY THE FEDERAL NEEDS ANALYSIS FORMULA. STUDENTS DO NOT RECEIVE FUNDING IN EXCESS OF THE COST OF ATTENDANCE, AND IN CASES WHERE OUTSIDE GRANTS ARE RECEIVED, STUDENT SELF-HELP AID (I.E. LOANS AND WORK-STUDY) IS REDUCED FIRST TO ENSURE THAT AID IS NOT OVER-AWARDED. STUDENTS MUST DOCUMENT ADDITIONAL EDUCATIONALLY-RELATED EXPENSES IN ORDER TO RECEIVE FUNDING ABOVE THEIR UNMET NEEDS.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
First Class Or Charter TravelYes (X)FirstClassOrCharterTravelInd
Travel For CompanionsYes (X)TravelForCompanionsInd
Written Policy Ref T And E ExpnssYes (1)WrittenPolicyRefTAndEExpnssInd
Substantiation RequiredYes (1)SubstantiationRequiredInd
Compensation CommitteeYes (X)CompensationCommitteeInd
Independent ConsultantYes (X)IndependentConsultantInd
Form990 Of Other OrganizationsYes (X)Form990OfOtherOrganizationsInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr PlanYes (1)SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsYes (1)AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (20 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
DAMIAN WOETZEL
PRESIDENT$865,536$0$0$0$1,637$0$98,897$0$30,742$0$996,812$0$0$0
LESLEY ROSENTHAL
CHIEF OPERATING OFFICER$585,719$0$0$0$1,720$0$30,500$0$42,238$0$660,177$0$0$0
CATHY NADEAU
VP & CHIEF FINANCIAL OFFICER$474,637$0$0$0$1,720$0$30,500$0$48,022$0$554,879$0$0$0
ALEXANDRA WHEELER
VP & CHIEF ADVANCEMENT OFFICER$448,330$0$0$0$2,410$0$30,500$0$42,180$0$523,420$0$0$0
MAURICE EDELSON
VP ADMIN & GEN COUNSEL (THRU 9/5/22)$319,164$0$0$0$52,289$0$30,500$0$31,745$0$433,698$0$0$0
JOSEPH W POLISI
CHIEF CHINA OFFICER$339,707$0$0$0$10,762$0$30,500$0$33,089$0$414,058$0$0$0
ADAM MEYER
PROVOST & DEAN$326,148$0$0$0$730$0$30,500$0$41,910$0$399,288$0$0$0
ROSALIE P CONTRERAS
VP PUBLIC AFFAIRS$309,770$0$0$0$880$0$30,500$0$41,879$0$383,029$0$0$0
MICHAEL KERSTAN
CONTROLLER$244,254$0$35,000$0$1,025$0$25,568$0$45,532$0$351,379$0$0$0
CARL YOUNG
CHIEF INFORMATION OFFICER$262,180$0$0$0$40,297$0$26,422$0$14,423$0$343,322$0$0$0
DAVID A LUDWIG
DEAN & DIRECTOR, MUSIC DIVISION$273,290$0$0$0$779$0$28,250$0$32,556$0$334,875$0$0$0
EVAN D YIONOULIS
DEAN & DIRECTOR, DRAMA$294,004$0$0$0$1,980$0$30,730$0$2,077$0$328,791$0$0$0
JOAN WARREN
VP FOR ENROLLMENT & STUDENT DEVELOP.$264,265$0$0$0$3,587$0$26,663$0$15,626$0$310,141$0$0$0
HUNG-KUAN CHEN
PIANO FACULTY$255,672$0$0$0$1,392$0$21,653$0$29,834$0$308,551$0$0$0
ALICIA GRAF MACK
DEAN & DIRECTOR, DANCE DIVISION$238,609$0$0$0$618$0$24,538$0$44,546$0$308,311$0$0$0
STEVEN LAITZ
CHAIR, MUSIC THEORY & ANALYSIS$260,438$0$0$0$3,495$0$26,110$0$17,190$0$307,233$0$0$0
BRIAN ZEGER
ARTISTIC DIRECTOR,VOCAL ARTS$255,304$0$0$0$3,418$0$25,742$0$19,507$0$303,971$0$0$0
LI LIN
VIOLIN FACULTY$240,256$0$0$0$1,254$0$19,599$0$41,559$0$302,668$0$0$0
WESTON SPROTT
DEAN & DIR., PREPARATORY DIVISION$249,670$0$0$0$462$0$22,433$0$15,787$0$288,352$0$0$0
JANE GOTTLIEB
VP LIBRARY & INFORMATION RESOURCES$201,878$0$0$0$2,633$0$20,896$0$31,160$0$256,567$0$0$0

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART I, LINE 1AON OCCASION, THE SCHOOL PROVIDES NON-COACH (GENERALLY BUSINESS-CLASS, ALTHOUGH FIRST-CLASS MAY BE USED IF BUSINESS-CLASS IS UNAVAILABLE) TRAVEL FOR ITS OFFICERS FOR TRAVEL TO INTERNATIONAL DESTINATIONS, IN ACCORDANCE WITH THE SCHOOL'S POLICY. SUCH TRAVEL IS IN DIRECT SUPPORT OF THE SCHOOL'S EDUCATIONAL AND PERFORMANCE PROGRAMS (FOR EXAMPLE, AN INTERNATIONAL PERFORMANCE TOUR OF THE STUDENT ORCHESTRA). ALSO, ON OCCASION THE SCHOOL PROVIDES TRANSPORTATION FOR THE SPOUSE OF THE PRESIDENT TO ATTEND, ON BEHALF OF THE SCHOOL, FUNCTIONS OR OTHER EVENTS TOGETHER WITH THE PRESIDENT IN DIRECT SUPPORT AND FURTHERANCE OF THE SCHOOL'S MISSION.
PART I, LINE 3AN EMPLOYMENT CONTRACT IS EXECUTED BETWEEN THE SCHOOL AND ITS PRESIDENT, THE TERMS OF WHICH ARE SUBJECT TO REVIEW BY THE BOARD OF TRUSTEES. AT THE END OF THE CONTRACT'S TERM, WHEN DECIDING THE TERMS UNDER WHICH THE CONTRACT MAY BE RENEWED OR EXTENDED, THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES, WITH THE ASSISTANCE OF AN OUTSIDE COMPENSATION EXPERT, CONDUCTS RESEARCH AMONG PEER INSTITUTIONS AND DOCUMENTS THE FINDINGS AND DECISIONS REACHED. THE COMPENSATION OF OFFICERS AND OTHER KEY EMPLOYEES IS REVIEWED ANNUALLY BY THE COMPENSATION COMMITTEE PRIOR TO THE START OF EACH FISCAL YEAR, AND QUESTIONS, OBJECTIONS, AND THE RESOLUTION OF EACH IS DOCUMENTED.
PART I, LINE 4BTHE PRESIDENT EARNED ACCRUED DEFERRED COMPENSATION OF $68,397 IN ACCORDANCE WITH HIS EMPLOYMENT AGREEMENT. THIS AMOUNT IS REPORTED ON SCHEDULE J, PART II, COLUMN C.
PART I, LINE 7MICHAEL KERSTAN, CONTROLLER, RECEIVED A BONUS IN CALENDAR YEAR 2022. THE AMOUNTS ARE REPORTED IN SCHEDULE J, PART II, COLUMN B(II).

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (3 entries)

Bond ReferenceBondReferenceCdBond Issuer EINBondIssuerEINBond IssuedBondIssuedDtIssue PriceIssuePriceAmtPurposePurposeDescDefeasedDefeasedIndOn Behalf Of IssuerOnBehalfOfIssuerIndPool FinancingPoolFinancingIndCUSIPCUSIPNum
TRUST FOR CULTURAL RESOURCES NYC SER 2015A&B
A9118824132015-06-25$70,000,000REFUNDING REV. BONDS000
TRUST CULTURAL RESOURCES NYC SER 2017A&B
B9118824132017-07-26$77,145,000REFUNDING REV. BONDS000
TRUST CULTURAL RESOURCES NYC SER 2018A
C9118824132018-11-15$48,389,236REFUNDING REV. BONDS000649717UK9

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (3 entries)

Bond ReferenceBondReferenceCdTotal ProceedsTotalProceedsAmtOther Spent ProceedsOtherSpentProceedsAmtSubstantial CompletionSubstantialCompletionYrRefunding Tax Exempt BondsRefundingTaxExemptBondsIndRefunding Taxable BondsRefundingTaxableBondsIndFinal Allocation MadeFinalAllocationMadeIndAdequate Books And Rec MaintAdequateBooksAndRecMaintIndIssuance Costs From ProceedsIssuanceCostsFromProceedsAmt
A$70,000,000$70,000,0002015Yes (1)0Yes (1)Yes (1)
B$77,145,000$77,145,0002018Yes (1)0Yes (1)Yes (1)
C$48,389,236$47,860,3132018Yes (1)0Yes (1)Yes (1)$528,923

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (3 entries)

Bond ReferenceBondReferenceCdOwning Bond Financed PropertyOwningBondFinancedPropertyIndAny Lease ArrangementsAnyLeaseArrangementsIndMgmt Contract Bond Fincd PropMgmtContractBondFincdPropIndEngage Bond Counsel ContractsEngageBondCounselContractsIndAny Research AgreementsAnyResearchAgreementsIndPrivate Bus Use By OthersPrivateBusUseByOthersPctPrivate Bus Concerning UBIPrivateBusConcerningUBIPctTotal Private Business UseTotalPrivateBusinessUsePctBond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestIndChange In Use Bond Financed PropChangeInUseBondFinancedPropIndProcs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd
A00Yes (1)Yes (1)00.005000.007000.0120000Yes (1)
B00Yes (1)Yes (1)00.005000.007000.0120000Yes (1)
C00Yes (1)Yes (1)00.005000.007000.0120000Yes (1)

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (3 entries)

Bond ReferenceBondReferenceCdForm8038 T FiledForm8038TFiledIndRebate Not Due YetRebateNotDueYetIndException To RebateExceptionToRebateIndNo Rebate DueNoRebateDueIndVariable Rate IssueVariableRateIssueIndHedge Identified In Bks And RecHedgeIdentifiedInBksAndRecIndGross Proceeds Invested In GICGrossProceedsInvestedInGICIndGross Proceeds InvestedGrossProceedsInvestedIndWritten Proc To Monitor ReqsWrittenProcToMonitorReqsInd
A00Yes (1)0Yes (1)0000
B00Yes (1)0Yes (1)0000
C00Yes (1)000000

Procedures Corrective Action ProceduresCorrectiveActionGrp (3 entries)

Bond ReferenceBondReferenceCdProcedures Corrective ActionProceduresCorrectiveActionInd
AYes (1)
BYes (1)
CYes (1)

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE K, PART IITHE SERIES 2018A BONDS WERE ISSUED THROUGH TAX-EXEMPT BONDS ISSUED BY THE TRUST FOR CULTURAL RESOURCES OF THE CITY OF NEW YORK ON NOVEMBER 15, 2018. AMOUNTS USED IN THE 2009A BOND REFUNDING IN THE AMOUNT OF $47,850,000 ARE INCLUDED ON PART II LINES 6 AND 7. THE SERIES 2017A AND SERIES 2017B BONDS WERE ISSUED ON JULY 26, 2017 AND DIRECTLY PLACED WITH TWO FINANCIAL INSTITUTIONS THROUGH BOND PURCHASE AND PLACEMENT AGREEMENTS ON THAT DATE. AMOUNTS USED IN THE 2009B BOND REFUNDING IN THE AMOUNT OF $77,145,000 ARE INCLUDED ON PART II LINE 6. THE SERIES 2015A AND SERIES 2015B BONDS WERE ISSUED ON JUNE 25, 2015 AND DIRECTLY PLACED WITH TWO FINANCIAL INSTITUTIONS THROUGH BOND PURCHASE AND PLACEMENT AGREEMENTS ON THAT DATE. AMOUNTS USED IN THE 2009C BOND REFUNDING IN THE AMOUNT OF $70,000,000 ARE INCLUDED ON PART II LINE 6.
SCHEDULE K, PART IV, LINE 7JUILLIARD HAS NOT ESTABLISHED FORMAL WRITTEN PROCEDURES TO MONITOR THE REQUIREMENTS OF SECTION 148, HOWEVER, THE ORGANIZATION DOES HAVE INFORMAL PROCEDURES IN PLACE TO MONITOR SECTION 148 ARBITRAGE REQUIREMENTS.

Schedule M IRS990ScheduleM

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution26ContributionCnt
Noncash Contributions Rpt F990$2,707,573NoncashContributionsRptF990Amt
Method Of Determining RevenuesMEAN TRADING PRICEMethodOfDeterminingRevenuesTxt

Other Non Cash Contri Table OtherNonCashContriTableGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
DescMUSICAL INST.Desc
Contribution7ContributionCnt
Noncash Contributions Rpt F990$140,900NoncashContributionsRptF990Amt
Method Of Determining RevenuesEXPERT OPINIONMethodOfDeterminingRevenuesTxt
FieldValueIRS element (for citing)
Form8283 Received6Form8283ReceivedCnt
Any Property That Must Be Held0AnyPropertyThatMustBeHeldInd
Review Process Unusual NC GiftsYes (1)ReviewProcessUnusualNCGiftsInd
Third Parties Used0ThirdPartiesUsedInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11BFORM 990 REVIEW PROCESS FOLLOWING COMPLETION OF A DRAFT FORM 990 BY MANAGEMENT AND REVIEW BY AN OUTSIDE ACCOUNTING FIRM, THE SCHOOL PROVIDES A DRAFT COPY OF ITS FORM 990 TO THE AUDIT COMMITTEE AND SUBSEQUENTLY TO THE BOARD OF TRUSTEES PRIOR TO FILING. IT SOLICITS QUESTIONS AND COMMENTS FROM THE GOVERNING BOARD, AND ANY MATTERS RAISED IN THIS REVIEW PROCESS ARE ADDRESSED PRIOR TO FILING THE FORM 990.
FORM 990, PART VI, SECTION B, LINE 12CCONFLICT OF INTEREST POLICY MONITORING & ENFORCEMENT EACH YEAR, ALL TRUSTEES, OFFICERS, AND MEMBERS OF SENIOR MANAGEMENT COMPLETE CONFLICT OF INTEREST DECLARATIONS. THE DECLARATIONS ARE SUBMITTED TO THE ASSISTANT GENERAL COUNSEL WHO REVIEWS THE DECLARATIONS AND MAINTAINS THEM. ADDITIONALLY, IF TRUSTEES ARE ELECTED DURING THE YEAR, EACH COMPLETES A CONFLICT OF INTEREST DECLARATION UPON ELECTION. ANY CONFLICTS OR POTENTIAL CONFLICTS ARE REVIEWED BY THE AUDIT COMMITTEE, AND IF THE COMMITTEE DETERMINES THAT A POTENTIAL CONFLICT OF INTEREST EXISTS, THE MATTER IS REFERRED TO THE BOARD FOR RESOLUTION AS APPLICABLE BASED ON THE CIRCUMSTANCES OF THE MATTER AT HAND. THE TRUSTEE AFFECTED BY THE POTENTIAL CONFLICT MAY NOT BE PRESENT NOR PARTICIPATE IN THE DISCUSSION OF THE MATTER AND MAY NOT VOTE ON THE ISSUE. THE SCHOOL MAY ENTER INTO THE PROPOSED TRANSACTION OR RELATIONSHIP ONLY IF THE BOARD APPROVES IT IN ACCORDANCE WITH THE PROCEDURES DESCRIBED ABOVE.
FORM 990, PART VI, SECTION B, LINE 15PROCESS FOR DETERMINING COMPENSATION AN EMPLOYMENT CONTRACT IS EXECUTED BETWEEN THE SCHOOL AND ITS PRESIDENT, THE TERMS OF WHICH ARE SUBJECT TO REVIEW BY THE BOARD OF TRUSTEES. AT THE END OF THE CONTRACT'S TERM, WHEN DECIDING THE TERMS UNDER WHICH THE CONTRACT MAY BE RENEWED OR EXTENDED, THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES, WITH THE ASSISTANCE OF AN OUTSIDE COMPENSATION EXPERT, CONDUCTS RESEARCH AMONG PEER INSTITUTIONS AND DOCUMENTS THE FINDINGS AND DECISIONS REACHED. THE COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES IS REVIEWED ANNUALLY BY THE COMPENSATION COMMITTEE PRIOR TO THE START OF EACH FISCAL YEAR, AND QUESTIONS, OBJECTIONS, AND THE RESOLUTION OF EACH IS DOCUMENTED. COMPENSATION OF THE FOLLOWING OFFICERS AND KEY EMPLOYEES WAS LAST REVIEWED FOR FISCAL YEAR 2022-2023: PRESIDENT, PROVOST/DEAN, VP FOR DEVELOPMENT, VP FOR PUBLIC AFFAIRS, VP/GENERAL COUNSEL, VP AND CFO, VP FOR ENROLLMENT MANAGEMENT/STUDENT DEVELOPMENT, AND CHIEF OPERATING OFFICER.
FORM 990, PART VI, SECTION C, LINE 19PUBLIC DISCLOSURE OF DOCUMENTS ALL POLICIES OF THE SCHOOL APPLICABLE TO EMPLOYEES ARE DISCLOSED IN THE STAFF AND FACULTY HANDBOOKS AND ACCOMPANYING STATEMENTS, ALL OF WHICH ARE POSTED ON THE SCHOOL'S WEBSITE FOR STAFF AND FACULTY MEMBERS - AND ANYONE ELSE - TO REVIEW. THE SCHOOL MAKES ITS ANNUAL AUDITED FINANCIAL STATEMENTS AVAILABLE UPON REQUEST TO ANY INTERESTED PARTIES. THE CONFLICT OF INTEREST POLICY APPLICABLE TO TRUSTEES IS DISCUSSED IN PART VI, SECTION B, BUT IT IS NOT PUBLISHED ON THE WEBSITE.
FORM 990, PART XI, LINE 9:CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 511,598. CHANGE IN FAIR VALUE OF DERIVATIVE INSTRUMENTS 10,051,047. LIABILITY ADJUSTMENT DUE TO UNREALIZED GAINS/LOSSES 1,605,582.

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1SCHERZO LLCBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line160 LINCOLN CENTER PLAZAAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10023ZIPCd
FieldValueIRS element (for citing)
EIN811344522EIN
Primary ActivitiesSUPPORTPrimaryActivitiesTxt
Legal Domicile StateNYLegalDomicileStateCd
Total Income$0TotalIncomeAmt
End Of Year Assets$0EndOfYearAssetsAmt

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1JUILLIARDBusinessNameLine1Txt

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1INSTITUTE OF MUSICAL ARTBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line160 LINCOLN CENTER PLAZAAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10023ZIPCd
FieldValueIRS element (for citing)
EIN136162648EIN
Primary ActivitiesSUPPORTPrimaryActivitiesTxt
Legal Domicile StateNYLegalDomicileStateCd
Exempt Code Section501(C)(3)ExemptCodeSectionTxt
Public Charity Status12APublicCharityStatusTxt

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1JUILLIARDBusinessNameLine1Txt
FieldValueIRS element (for citing)
Controlled OrganizationYes (1)ControlledOrganizationInd

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp

Related Organization Name RelatedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1ALLERGO (TIANJIN) EDUCATION CONSULTINGBusinessNameLine1Txt

Foreign Address ForeignAddress

FieldValueIRS element (for citing)
Address Line1BAO YUAN BLDG 9TH FL SECTION C 8AddressLine1Txt
CityTIANJIN FREE TRADE EXCityNm
CountryCHCountryCd
FieldValueIRS element (for citing)
Primary ActivitiesMGMT COMPANYPrimaryActivitiesTxt
Legal Domicile Foreign CountryCHLegalDomicileForeignCountryCd

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1SCHERZO LLCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Entity TypeCEntityTypeTxt
Ownership1.00000OwnershipPct
Controlled OrganizationYes (1)ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts RyltsYes (1)ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgYes (1)PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees SharingYes (1)PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other OrgYes (1)TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp

Other Organization Name OtherOrganizationName

FieldValueIRS element (for citing)
Business Name Line1INSTITUTE OF MUSICAL ARTBusinessNameLine1Txt
FieldValueIRS element (for citing)
Transaction TypeATransactionTypeTxt
Involved-$210,241InvolvedAmt
Method Of Amount DeterminationFMVMethodOfAmountDeterminationTxt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE R, PART VFormAndLineReferenceDesc
ExplanationUNDER AN ARRANGEMENT BETWEEN THE TRUSTEES OF THE INSTITUTE OF MUSICAL ART OF THE CITY OF NEW YORK ("THE IMA") AND THE JUILLIARD SCHOOL ("THE SCHOOL"), THE INCOME FROM ALL INVESTMENTS OF THE IMA IS USED TO SUPPORT THE SCHOOL'S OPERATIONS. CERTAIN TRUSTEES AND EMPLOYEES OF THE SCHOOL SERVE AS TRUSTEES OF THE IMA, AND CERTAIN PAID EMPLOYEES OF THE SCHOOL PROVIDE ADMINISTRATIVE AND RECORDKEEPING SERVICES FOR THE IMA. THERE ARE NO REIMBURSEMENTS OR CASH TRANSFERS BETWEEN THE IMA AND THE SCHOOL FOR THESE SERVICES. IN 2002, THE TRUSTEES OF THE IMA DELEGATED INVESTMENT MANAGEMENT AUTHORITY OVER THE IMA'S ASSETS (AN INVESTMENT PORTFOLIO) TO THE SCHOOL, AND THE IMA TRANSFERRED ITS ASSETS (IN CASH) TO THE SCHOOL. THESE FUNDS WERE COMMINGLED WITH THE SCHOOL'S INVESTMENT PORTFOLIO, ALTHOUGH THE IMA REMAINS A SEPARATE LEGAL ENTITY AND SEPARATE FUND RECORDS ARE MAINTAINED TO RECORD IMA ACTIVITIES. THE MANAGEMENT OF THE IMA'S INVESTMENT PORTFOLIO AND THE METHOD USED TO DETERMINE INVESTMENT RETURNS AVAILABLE FOR SPENDING ARE IDENTICAL TO THOSE OF THE SCHOOL. THE VALUE OF THE IMA'S ASSETS AT JUNE 30, 2023 WERE $12,345,130 THE IMA'S NET INVESTMENT RETURN WAS -$210,241 FOR THE YEAR ENDED JUNE 30, 2023.ExplanationTxt