2023-04-11T19:14:53-05:00 2022-06-30 450250958 EIDE BAILLY LLP 10681 FOOTHILL BLVD STE 300 RANCHO CUCAMONGA CA 917303831 990 2021-07-01 953900207 PASADENA CONSERVATORY OF MUSIC PASA 6266833355 100 N HILL AVE PASADENA CA 91106 STEPHEN MCCURRY EXECUTIVE DIRECTOR 6266833355 2023-04-07 1 STEPHEN MCCURRY 999009999 CATHERINE L GRAY CPA P01294460 9094664410 2023-04-05 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z STEPHEN MCCURRY 100 N HILL AVE PASADENA CA 91106 9104915 0 X WWW.PASADENACONSERVATORY.ORG X 1984 CA TO PROVIDE OPPORTUNITIES FOR ALL STUDENTS TO STUDY, PERFORM AND ENJOY MUSIC. 13 13 86 44 0 0 1653746 6443379 1521613 1519962 1913 -5589 0 0 3177272 7957752 0 0 0 0 1965929 1935303 0 0 207615 775912 922091 2741841 2857394 435431 5100358 10748228 15881465 261715 302092 10486513 15579373 X PCM'S MISSION IS TO: EDUCATE THROUGH A COMPREHENSIVE CURRICULUM TAUGHT BY AN EXCEPTIONAL FACULTY; ADVOCATE FOR THE VALUE OF MUSIC STUDY; INSPIRE THROUGH PERFORMANCES OF TRADITIONAL, CONTEMPORARY, AND MULTICULTURAL MUSIC; AND, SHARE OUR EXPERTISE WITH A BROAD SPECTRUM OF THE COMMUNITY. 0 0 2140792 1519962 OUTREACH PROGRAMS ARE PROVIDED TO APPROXIMATELY 750 STUDENTS AT VARIOUS SITES IN THE PASADENA AREA. ON SITE INSTRUCTION PROGRAMS ARE PROVIDED TO APPROXIMATELY 800 STUDENTS THROUGH A COMPREHENSIVE CURRICULUM. ABOUT 75 PERFORMANCES WERE PRESENTED DURING THE YEAR FOR AN AUDIENCE OF APPROXIMATELY 3,500. 2140792 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 12 0 1 86 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CA X PASADENA CONSERVATORY OF MUSIC 6266833355 100 N HILL AVE PASADENA CA 91106 LAURIE SOWD BOARD CHAIR FROM SEPT. 1.00 X X 0 0 0 V SHANNON CLYNE BOARD CHAIR UNTIL SEPT. 1.00 X X 0 0 0 ALISON LIFLAND SECRETARY FROM SEPT. 1.00 X X 0 0 0 JUDITH KELLY SECRETARY UNTIL SEPT. 1.00 X X 0 0 0 ERIC LEE TREASURER FROM SEPT. 1.00 X X 0 0 0 ANDREW ROOKE TREASURER UNTIL SEPT. 1.00 X X 0 0 0 ANN BARRETT DIRECTOR FROM JAN. 1.00 X 0 0 0 DAVE DAVIS DIRECTOR 1.00 X 0 0 0 HENRY O EVERSOLE DIRECTOR UNTIL OCT. 1.00 X 0 0 0 JANE KACZMAREK DIRECTOR 1.00 X 0 0 0 JAVIER ORTEGA DIRECTOR 1.00 X 0 0 0 JUNE LI DIRECTOR 1.00 X 0 0 0 OLIN BARRETT DIRECTOR UNTIL NOV. 1.00 X 0 0 0 RICHARD GOETZ DIRECTOR FROM MARCH 1.00 X 0 0 0 ROGER MULLENDORE DIRECTOR 1.00 X 0 0 0 THOMAS KIDDE DIRECTOR 1.00 X 0 0 0 STEPHEN MCCURRY EXECUTIVE DIRECTOR 40.00 X 177440 0 10336 177440 0 10336 1 0 1 0 0 87432 6355947 1184438 6443379 TUITION INCOME 611600 1483183 1483183 SALES AND RENTALS 611600 36779 36779 1519962 2139 2139 1139435 1147163 -7728 -7728 -7728 7957752 1519962 0 -5589 154350 61740 69458 23152 1551089 1155480 282294 113315 96942 62677 24687 9578 132922 99375 24170 9377 24013 24013 41174 40003 882 289 222733 212101 8093 2539 51979 10332 41572 75 42727 24318 14192 4217 60976 59242 1306 428 10894 5658 3988 1248 285561 277440 6118 2003 32688 28552 3930 206 RECITALS AND CONCERTS 54570 32372 4284 17914 PROGRAM EQUIPMENT AND S 29456 29456 OTHER FUNDRAISING EXPEN 23274 23274 FEE FOR SERVICE PROGRAM 21576 21576 20470 20470 2857394 2140792 508987 207615 1316663 4102494 148162 217683 35700 2263332 62616 62784 18635 19124 11793818 2920887 8961716 8872931 68546 295107 136190 48010 10748228 15881465 95060 135721 128465 118361 38190 48010 261715 302092 X 9814933 9574289 671580 6005084 10486513 15579373 10748228 15881465 X 5100358 -7498 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 68641 226200 266 295107 66953 1200 488 68641 64342 1500 1111 66953 63117 500 725 64342 57447 5150 520 63117 0.08470 0.90050 0.01480 0 0 2258400 2258400 1791334 706768 1084566 6612890 1409320 5203570 698560 565967 132593 432634 238832 193802 8872931 DEFERRED COMPENSATION 48010 48010 X 7957752 0 7957752 0 7957752 2864892 7498 7498 2857394 0 2857394 PART V, LINE 4: THE CONSERVATORY HAS TWO SEPARATE ENDOWMENT FUNDS: THE ESTELLE SCHLUETER SCHOLARSHIP FUND AND THE OLIN BARRETT ENDOWMENT FUND. THE ESTELLE BROUSSARD SCHLUETER SCHOLARSHP FUND IS RESTRICTED TO SUBSIDIZING A SCHOLARSHIP FOR ONE OUTSTANDING PIANO STUDENT EACH YEAR. THE OLIN BARRETT FUND IS RESTRICTED TO FUND THE MAINTENANCE OF THE OLIN AND ANN BARRETT RECITAL HALL, AND CONTEMPORARY/EXPERIMENTAL MUSIC PROGRAMS AT THE CONSERVATORY. PART X, LINE 2: MANAGEMENT BELIEVES THAT THE CONSERVATORY HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE CONSERVATORY WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AND LIABILITIES IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON UNCOLLECTIBLE PLEDGES AND TUITION 7,498. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 WEB-BASED AND OTHER ADVERTISEMENTS CONTAIN REFERENCE TO THE PASADENA CONSERVATORY OF MUSIC NON-DISCRIMINATORY POLICY. OUTREACH PROGRAMS ARE PRESENTED AT LOCAL PUBLIC SCHOOLS, AND STUDENTS ARE RECRUITED FROM THE LOCAL COMMUNITY. ENROLLMENT RECORDS INDICATE THAT STUDENTS OF DIVERSE RACIAL AND ETHNIC BACKGROUNDS ARE REPRESENTED IN MEANINGFUL NUMBERS. 1 X X X X 0 1 0 0 0 0 0 0 0 STEPHEN MCCURRY EXECUTIVE DIRECTOR 177440 0 0 0 0 0 9820 0 516 0 187776 0 0 0 PART I, LINE 4B STEPHEN MCCURRY APPLIED $9,820 TO A NON-QUALIFIED DEFERRED COMPENSATION PLAN AS PART OF AN OVERALL EXECUTIVE DIRECTOR COMPENSATION PACKAGE. X 100 MARKET VALUE X 8 1147163 MARKET VALUE X MUSICAL EQUIPMENT 8 37175 COMPARABLE SALES AND 1 0 1 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS REPRESENT THE NUMBER OF CONTRIBUTORS MAKING CONTRIBUTIONS OF EACH TYPE. FORM 990, PART VI, SECTION A, LINE 1A THE BOARD OF DIRECTORS DELEGATES THE POWER OF AUTHORITY TO THE EXECUTIVE COMMITTEE IN ACCORDANCE WITH THE BYLAWS. THE EXECUTIVE COMMITTEE THEN HAS THE AUTHORITY TO CARRY OUT GOVERNANCE AS OUTLINED IN THE BYLAWS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN OUTSIDE CPA FIRM AND A DRAFT IS PROVIDED TO THE EXECUTIVE DIRECTOR, FINANCE MANAGER, TREASURER, AND ALL FINANCE COMMITTEE BOARD MEMBERS, INCLUDING THE BOARD CHAIR, TO REVIEW AND MAKE RECOMMENDATIONS. A FINAL DRAFT OF THE RETURN IS PROVIDED TO ALL BOARD MEMBERS. THE FILING IS APPROVED BY THE EXECUTIVE DIRECTOR. FORM 990, PART VI, SECTION B, LINE 12C IF ANY DIRECTOR WHO QUALIFIES AS AN INTERESTED DIRECTOR AS DESCRIBED IN SECTION 5.3 OF THE CONSERVATORY'S BYLAWS IS ASSUMED TO HAVE A CONFLICT OF INTEREST HE/SHE MUST INFORM THE BOARD CHAIR OR EXECUTIVE DIRECTOR. A REMINDER OF THIS ANNUAL OBLIGATION TO DISCLOSE WILL BE MADE BY THE BOARD CHAIR AT THE FIRST BOARD MEETING OF EACH FISCAL YEAR FORM 990, PART VI, SECTION B, LINE 15A A COMPENSATION COMMITTEE COMPRISED OF BOARD MEMBERS IS RESPONSIBLE FOR RECOMMENDING EXECUTIVE DIRECTOR COMPENSATION FOR APPROVAL BY THE BOARD OF DIRECTORS. BENCHMARK DATA FROM THE FIELD (COMMUNITY ARTS EDUCATION) AND FROM THE LOCAL NON-PROFIT SECTOR IS PERIODICALLY REVIEWED AND CONSIDERED IN DETERMINING EXECUTIVE DIRECTOR COMPENSATION. LAST REVIEWED MAY 2022. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST, COPIES OF THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: LOSS ON UNCOLLECTIBLE PLEDGES AND TUITION -7,498.