2022-08-15T09:41:38-05:00 2021-09-30 112318995 FARKOUH FURMAN & FACCIO LLP 460 PARK AVENUE NEW YORK NY 10022 990 2020-10-01 113247651 THE PERLMAN MUSIC PROGRAM INC PERL 2127218769 19 WEST 69TH ST NEW YORK NY 100234737 MARK MILLER CHAIRMAN 2127218769 2022-08-08 1 MARK MILLER 999009999 RICHARD OREMUS P00730038 2122455900 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z RANDALL BLANK 19 WEST 69TH STREET NEW YORK NY 10023 5097243 0 X WWW.PERLMANMUSICPROGRAM.ORG X 1994 NY SEE SCHEDULE O 15 15 36 0 0 0 2008467 3712587 149135 312095 127349 113378 200945 281076 2485896 4419136 44750 132400 0 0 1257168 1359417 0 0 659209 862679 1197478 2164597 2689295 321299 1729841 13321429 15190852 394827 310737 12926602 14880115 SEE SCHEDULE O 0 0 1495538 131800 301026 SUMMER STUDY PROGRAMS - INTENSIVE SUMMER RESIDENCY PROGRAM ON SHELTER ISLAND, NEW YORK CONSISTING OF THE SUMMER MUSIC SCHOOL (A SEVEN-WEEK INTENSIVE PROGRAM FOR 32 YOUNG STRING PLAYERS AGES 12 TO 18} AND THE CHAMBER MUSIC WORKSHOP (AN INTENSIVE THREE-WEEK CHAMBER MUSIC WORKSHOP FOR 42 YOUNG ADULTS AGES 18-30. THIS YEAR BOTH PROGRAMS TOOK PLACE VIRTUALLY, DUE TO COVID-19, WITH 26 STUDENTS IN THE 7-WEEK SUMMER MUSIC SCHOOL, AND 41 IN THE 3-WEEK CHAMBER MUSIC WORKSHOP. 171290 0 569 YEAR-ROUND CONCERTS AND MENTORSHIP PROGRAM FOR ALUMNI OF THE SUMMER MUSIC SCHOOL AND CHAMBER MUSIC WORKSHOP. PERFORMANCES, COMMUNITY EVENTS AND PROFESSIONAL DEVELOPMENT OPPORTUNITIES, DESIGNED TO GUIDE AND SUPPORT ALUMNI THROUGH THEIR COLLEGE YEARS AND BEYOND. THIS YEAR ALL PROGRAMS AND CONCERTS TOOK PLACE VIRTUALLY, DUE TO COVID-19. 117258 600 10500 THE TRAVEL PROGRAMS CONSIST OF THE BIENNIAL ISRAEL RESIDENCY, MIXING ISRAELI STUDENTS AND STUDENTS OF THE SUMMER MUSIC SCHOOL, AND THE SARASOTA WINTER RESIDENCY, A TWO AND A HALF WEEK SESSION AT THE END OF THE CALENDER YEAR WHICH TAKES PLACE IN SARASOTA, FLORIDA, MIXING STUDENTS OF THE SUMMER MUSIC SCHOOL, THE CHAMBER MUSIC WORKSHOP, AND THE BIENNIAL ISRAEL RESIDENCY. THIS YEAR THE ISRAEL RESIDENCY WAS POSTPONED DUE TO COVID-19, AND TOOK PLACE VIRTUALLY IN COMBINATION WITH THE SARASOTA WINTER RESIDENCY IN DECEMBER 2020. 1784086 1 1 0 0 0 0 0 0 0 1 1 0 1 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 30 0 1 36 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 X 15 15 1 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NY X X THE PERLMAN MUSIC PROGRAM INC 2127218769 19 WEST 69TH STREET NEW YORK NY 10023 X ITZHAK PERLMAN DIRECTOR 20.00 X 0 0 0 TOBY PERLMAN PRESIDENT 40.00 X 0 0 0 RANDALL BLANK CHAIRMAN OF THE BOARD OF D 8.00 X 0 0 0 BARBARA GLADSTONE DIRECTOR 2.00 X 0 0 0 JAY DWECK VICE PRESIDENT 2.50 X 0 0 0 LAURA SLOATE DIRECTOR 2.50 X 0 0 0 CAITLIN TULLY DIRECTOR 2.00 X 0 0 0 RODGER DEROSE DIRECTOR 2.00 X 0 0 0 MARK MILLER SECRETARY/TREASURER 4.00 X 0 0 0 JIM TOTH DIRECTOR 2.00 X 0 0 0 MICHAEL BUNYANER DIRECTOR 2.00 X 0 0 0 VICKI KELLOGG DIRECTOR 2.00 X 0 0 0 PETER KEND DIRECTOR 2.00 X 0 0 0 PAMELA PANTZER DIRECTOR 2.00 X 0 0 0 RANDALL YUEN DIRECTOR 2.00 X 0 0 0 ANNA KAPLAN DIRECTOR OF PROGRAMS 40.00 X 174868 0 15117 KATIE NOJIMA ASSOCIATE DIRECTOR OF DEVE 40.00 X 144619 0 2800 319487 0 17917 2 0 1 0 0 852092 2860495 26527 3712587 TUITION INCOME 900099 312095 312095 312095 69107 69107 586465 542194 44271 44271 44271 169434 852092 135913 33521 33521 PPP LOAN FORGIVENESS 900099 245700 245700 MISCELLANEOUS INCOME 900099 1855 1855 247555 4419136 312095 0 394454 132400 132400 1211480 647467 126821 437192 5034 5034 41026 22491 1733 16802 101877 55682 11230 34965 51331 51331 213333 133436 33089 46808 107444 60156 3667 43621 47700 19940 27760 66166 63156 3010 137265 135285 1980 110871 94131 16740 CONCERT EXPENSE AND EVE 162138 138115 24023 MEALS 99385 97810 1575 REPAIRS AND MAINTENANCE 73019 72683 336 UTILITIES 59293 58941 352 69533 47359 1389 20785 2689295 1784086 246000 659209 725868 113707 5251316 1376192 286690 755626 77841 14225 11786898 6866609 4990437 4920289 7097442 1566108 0 420069 909883 3100 3488 13321429 15190852 149127 128995 245700 181742 394827 310737 X 11917116 12063406 1009486 2816709 12926602 14880115 13321429 15190852 1729841 223672 0 X X 0 1 X 1 0 X 3379935 2453235 2423803 2008467 3712587 13978027 3379935 2453235 2423803 2008467 3712587 13978027 3027205 10950822 52685 107909 142601 97399 69107 469701 14447728 1804597 0.75800 0.79410 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 942269 1276632 31 13547 2205385 865427 64358 13484 1000 942269 789025 59800 28480 11878 865427 743473 56827 9727 19838 1164 789025 656363 110000 21358 43798 450 743473 0.00000 0.10912 0.89088 0 0 1228180 1228180 10024227 6456379 3567848 153166 103383 49783 381325 306847 74478 4920289 FISHER FUND AND SCHOLARSHIP FUND, WHICH ARE INVESTED IN MUTUAL FUNDS 909883 F 909883 5297408 223672 787000 1010672 4286736 132400 132400 4419136 3343895 787000 787000 2556895 132400 132400 2689295 PART V, LINE 4: PMP HAS SEGREGATED THE FISHER SCHOLARSHIP FUND AND THE PMP SCHOLARSHIP FUND INTO SEPARATE BROKERAGE ACCOUNTS CONSISTING OF CASH AND INVESTMENTS TO EASILY TRACK PERFORMANCE AND BALANCE. CONTRIBUTIONS TO THE FISHER SCHOLARSHIP FUND ARE SUBJECT TO DONOR RESTRICTIONS THAT STIPULATE THE ORIGINAL PRINCIPAL OF THE GIFT IS TO BE HELD AND INVESTED BY PMP INDEFINITELY AND INCOME FROM THE FUND IS TO BE EXPENDED TO SUPPORT THE SCHOLARSHIP RECIPIENTS. CONTRIBUTIONS TO THE PMP SCHOLARSHIP FUND ARE SUBJECT TO TEMPORARY DONOR RESTRICTIONS AND WILL BE USED TO SUPPORT SCHOLARSHIP RECIPIENTS. PMP'S INVESTMENT GUIDELINES ARE THAT INVESTMENTS WILL BE DIVERSIFIED, BOTH WITHIN ASSET CLASSES AND BY INVESTING IN ASSET CLASSES OUTSIDE OF EQUITIES, TO REDUCE RISK AND ENHANCE RETURN OVER A WIDE RANGE OF ECONOMIC ENVIRONMENTS. THE INVESTMENTS ARE EXPECTED TO EXPERIENCE CHANGES IN VALUATION BUT TO ATTAIN AN AVERAGE ANNUAL TOTAL RETURN THAT EXCEEDS INFLATION WITHIN ACCEPTABLE LEVELS OF RISK. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS NETTED AGAINST REVENUE FOR FINANCIAL REPORTING PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS NETTED AGAINST REVENUE FOR FINANCIAL REPORTING PART XII, LINE 4B - OTHER ADJUSTMENTS SCHOLARSHIPS GRANTED BY THE ORGANIZATION TO PARTICIPANTS OF THE SUMMER STUDY PROGRAMS AND TRAVEL PROGRAMS ARE NET AGAINST TUITION REVENUE ON THE AUDITED FINANCIAL STATEMENTS. THIS FORM REPRESENTS TUITION REVENUE GROSS AND THE SCHOLARSHIP AS EXPENSE. SUMMER BENEFIT 466926 417822 49104 102645 33268 VIRTUAL WINE AUCTION 554600 434270 120330 1021526 852092 169434 102645 33268 135913 33521 1 FULL OR PARTIAL SCHOLARSHIPS TO ATTEND THE ORGANIZATION'S SUMMER STUDY PROGRAMS OR TRAVEL PROGRAM. 51 132400 TUITION COST STUDENTS IN NEED ARE AWARDED ASSISTANCE THROUGH PARTIAL OR FULLY DISCOUNTED TUITION TO THE ORGANIZATION'S SUMMER STUDY PROGRAMS OR TRAVEL PROGRAM. SCHEDULE I, PART IV SCHOLARSHIPS ARE AWARDED TO YOUNG MUSICIANS WHO EXEMPLIFY TALENT AND DESIRE TO LEARN THEIR CRAFT FROM MASTERS SO THAT THEIR SKILLS MAY BE ENHANCED IN A NON-COMPETITIVE SETTING, THROUGH CLASSES, WORKSHOPS AND LECTURES. SCHOLARSHIPS ARE NEVER AWARDED IN CASH AND ARE INSTEAD APPLIED TO A RECIPIENT'S TUITION TO THE PROGRAM. SCHOLARSHIPS ARE NON-DISCRIMINATORY AND NEVER EXCEED AN INDIVIDUAL'S PROGRAM TUITION. ANY PROGRAM PARTICIPANT MAY APPLY FOR A SCHOLARSHIP USING AN APPLICATION FORM REQUIRING DISCLOSURE OF FINANCIAL INFORMATION. THE PROGRAM'S PRESIDENT, ALONG WITH EXECUTIVE DIRECTOR, DETERMINE SCHOLARSHIP RECIPIENTS BASED ON THE APPLICANT'S AVAILABLE ECONOMIC RESOURCES. X 0 0 0 0 0 0 0 0 0 ANNA KAPLAN DIRECTOR OF PROGRAMS 174868 0 0 0 0 0 0 0 15117 0 189985 0 0 0 X 4 26527 AVG/HI/LO 0 0 0 PART I, LINE 30B: SCHEDULE M, PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS. FORM 990, PART I, LINE 1 YOUNG MUSICIANS OF TALENT NEED SUPPORT. LEFT ALONE WITH THEIR GIFT, WITHOUT THE INSTRUCTION AND MENTORING THAT ALLOWS THEM TO THRIVE, EVEN THE MOST EXCEPTIONAL YOUNG ARTISTS WILL STRUGGLE, AND MANY MAY FAIL TO ACHIEVE THEIR FULL MUSICAL POTENTIAL. WITHOUT THIS NEXT GENERATION OF WORLD-CLASS MUSICIANS, THE MUSICAL WORLD AND ITS AUDIENCES WILL BE THE POORER. THE PERLMAN MUSIC PROGRAM WELCOMES YOUNG MUSICIANS OF RARE AND SPECIAL TALENT INTO A RICHLY SUPPORTIVE MUSICAL COMMUNITY. THROUGH INTENSIVE SUMMER PROGRAMS, YEAR-ROUND MENTORING, AND ON OCCASION, AN INTERNATIONAL STUDY OR PERFORMANCE TOUR, THE PROGRAM OFFERS UNPARALLELED MUSICAL TRAINING FOR STUDENTS, AGES 12 TO 30, WHO PLAY THE VIOLIN, VIOLA, CELLO, BASS AND PIANO. WITH A FACULTY LED BY ITZHAK PERLMAN AND COMPRISING SOME OF THE MOST GIFTED MUSICAL TALENTS OF OUR TIME, THE PROGRAM OFFERS AN ARTISTIC AND PERSONAL EXPERIENCE THAT CHANGES STUDENTS LIVES FOREVER. THE PERLMAN MUSIC PROGRAM SEEKS TO ENSURE THAT THE BEST MUSICIANS CAN TAKE ADVANTAGE OF THIS OPPORTUNITY, REGARDLESS OF THEIR ECONOMIC BACKGROUND OR FINANCIAL MEANS. FORM 990, PART III, LINE 1 YOUNG MUSICIANS OF TALENT NEED SUPPORT. LEFT ALONE WITH THEIR GIFT, WITHOUT THE INSTRUCTION AND MENTORING THAT ALLOWS THEM TO THRIVE, EVEN THE MOST EXCEPTIONAL YOUNG ARTISTS WILL STRUGGLE, AND MANY MAY FAIL TO ACHIEVE THEIR FULL MUSICAL POTENTIAL. WITHOUT THIS NEXT GENERATION OF WORLD-CLASS MUSICIANS, THE MUSICAL WORLD AND ITS AUDIENCES WILL BE THE POORER. THE PERLMAN MUSIC PROGRAM WELCOMES YOUNG MUSICIANS OF RARE AND SPECIAL TALENT INTO A RICHLY SUPPORTIVE MUSICAL COMMUNITY. THROUGH INTENSIVE SUMMER PROGRAMS, YEAR-ROUND MENTORING, AND ON OCCASION, AN INTERNATIONAL STUDY OR PERFORMANCE TOUR, THE PROGRAM OFFERS UNPARALLELED MUSICAL TRAINING FOR STUDENTS, AGES 12 TO 30, WHO PLAY THE VIOLIN, VIOLA, CELLO, BASS AND PIANO. WITH A FACULTY LED BY ITZHAK PERLMAN AND COMPRISING SOME OF THE MOST GIFTED MUSICAL TALENTS OF OUR TIME, THE PROGRAM OFFERS AN ARTISTIC AND PERSONAL EXPERIENCE THAT CHANGES STUDENTS LIVES FOREVER. THE PERLMAN MUSIC PROGRAM SEEKS TO ENSURE THAT THE BEST MUSICIANS CAN TAKE ADVANTAGE OF THIS OPPORTUNITY, REGARDLESS OF THEIR ECONOMIC BACKGROUND OR FINANCIAL MEANS. FORM 990, PART VI, SECTION A, LINE 2 BOARD MEMBERS ITZHAK AND TOBY PERLMAN ARE HUSBAND AND WIFE. FORM 990, PART VI, SECTION A, LINE 4 THE BYLAWS AND CORPORATE GOVERNANCE POLICIES WERE AMENDED IN DECEMBER 2018, INCLUDING THE EXECUTIVE COMMITTEE CHARTER, THE WHISTLEBLOWER POLICY, THE CONFLICT OF INTEREST AND RELATED PARTY TRANSACTION POLICY, THE AUDIT COMMITTEE CHARTER, THE FINANCE AND INVESTMENT COMMITTEE CHARTER, THE NOMINATING AND GOVERNANCE COMMITTEE CHARTER, AND THE CODE OF CONDUCT AND ETHICS. FORM 990, PART VI, SECTION B, LINE 11B AFTER REVIEW BY THE TREASURER AND PRIOR TO FILING, A DRAFT 990 IS E-MAILED TO THE MEMBERS OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY THE AUDIT COMMITTEE WILL REVIEW CONFLICT OF INTEREST FILES. FORM 990, PART VI, SECTION B, LINE 15A ALL FULL TIME EMPLOYEES COMPLETE SELF EVALUATION FORMS AFTER THE CLOSE OF THE FISCAL YEAR WHICH ARE THEN DISCUSSED WITH THEIR SUPERVISORS. IN THE CASE OF THE EXECUTIVE DIRECTOR, THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS HER EVALUATION AND, IN CONSULTATION WITH AN EXECUTIVE RECRUITMENT FIRM SPECIALIZING IN SENIOR MANAGEMENT IN NONPROFIT CORPORATIONS, DETERMINES AN APPROPRIATE SALARY AND BONUS ALONG WITH ESTABLISHING GOALS FOR THE NEXT YEAR. A KEY COMPONENT OF THIS DETERMINATION IS A REVIEW OF PUBLIC INFORMATION AVAILABLE FOR SIMILAR NONPROFITS IN THE ARTS, PERFORMANCE AND MUSICAL EDUCATION. FOR PURPOSES OF COMPARIBILTY THE COMMITTEE LOOKS AT ORGANIZATIONS OF SIMILAR SIZE AS MEASURED BY FUNCTIONAL EXPENSES AND NET ASSETS AND GEOGRAPHIC LOCATION. THIS PROCESS IS SUMMARIZED IN EXECUTIVE COMMITTEE NOTES. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST FORM 990, PART XII, LINE 2C: THE AUDIT COMMITTEE'S OVERSIGHT OF THE AUDIT PROCESS HAS NOT CHANGED FROM PRIOR YEAR.