2019-03-01T14:02:19-06:00 2018-05-31 390758449 WIPFLI LLP 2 WEST BALTIMORE AVE SUITE 210 MEDIA PA 19063 990 2017-06-01 231585611 THE CURTIS INSTITUTE OF MUSIC CURT 2157173194 1726 LOCUST STREET PHILADELPHIA PA 19103 LAWRENCE BOMBACK TREASURER 2157173194 2019-03-01 1 JOHN J NIHILL CPA P00844252 6105653930 2019-03-01 50.207.99.66 2019-03-01 14:02:15 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 8B017B1BF63B693A64956F7C9A901EE2A34F5D6C 2017 2019-02-21 02:37:17Z ROBERTO DIAZ 1726 LOCUST STREET PHILADELPHIA PA 19103 43596725 0 X WWW.CURTIS.EDU X 1924 PA TUITION FREE SCHOOL THAT PROVIDES MUSIC EDUCATION TO AN AVERAGE OF 171 STUDENTS ANNUALLY. 41 36 582 320 -44878 -44878 19153317 17713075 2847087 3461132 7383367 8955530 14577 64027 29398348 30193764 882125 1605262 0 0 9917943 11025330 197409 157185 2428288 12939539 11865901 23937016 24653678 5461332 5540086 299083584 309964893 7065611 7089786 292017973 302875107 THE CURTIS INSTITUTE OF MUSIC IS A TUITION FREE SCHOOL OF MUSIC THAT STRIVES TO EDUCATE AND TRAIN EXCEPTIONALLY GIFTED MUSICIANS TO ENGAGE A GLOBAL COMMUNITY THROUGH MUSIC. ATTENDANCE AVERAGES 171 STUDENTS. 0 0 16823955 1605262 3461132 THE CURTIS INSTITUTE OF MUSIC IS A TUITION FREE SCHOOL OF MUSIC THAT STRIVES TO EDUCATE AND TRAIN EXCEPTIONALLY GIFTED MUSICIANS TO ENGAGE A GLOBAL COMMUNITY THROUGH MUSIC. ATTENDANCE AVERAGES 171 STUDENTS. 16823955 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 1 155 0 1 582 1 1 1 0 0 0 0 1 1 0 0 0 0 X 41 36 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK CO KY ME MD MA MI NH OH OK OR PA WA X X DAVID REINHARDT 2157173194 1726 LOCUST STREET PHILADELPHIA PA 19103 ROBERTO DIAZ PRESIDENT/TRUSTEE 35.00 0.00 X X 524920 0 52939 LAWRENCE BOMBACK TREASURER/SR. VP OF ADMINISTRATION 35.00 0.00 X X 218136 0 20671 CYNTHIA HEININGER SECRETARY 35.00 0.00 X X 82557 0 16390 MARK E RUBENSTEIN CHAIR/TRUSTEE 1.00 0.00 X X 0 0 0 ANTHONY B CREAMER III VICE CHAIR/TRUSTEE 1.00 0.00 X X 0 0 0 DEBORAH M FRETZ VICE CHAIR/TRUSTEE 1.00 0.00 X X 0 0 0 EDWARD A MONTGOMERY JR VICE CHAIR/TRUSTEE 1.00 0.00 X X 0 0 0 NINA BARONESS VON MALTZAHN HONORARY CHAIR/TRUSTEE 1.00 0.00 X 0 0 0 FRANK S BAYLEY III TRUSTEE 1.00 0.00 X 0 0 0 VICTORIA BOK TRUSTEE 1.00 0.50 X 0 0 0 WILLIAM BRODY TRUSTEE 1.00 0.00 X 0 0 0 PAULINE CANDAUX FRIENDS TRUSTEE 1.00 0.00 X 0 0 0 MIA CHUNG TRUSTEE/FACULTY MEMBER 35.00 0.00 X 6412 0 476 JANELLE FARMER 103017-PRESENT ALUMNI TRUSTEE 1.00 0.00 X 0 0 0 GORDON FOWLER TRUSTEE 1.00 0.00 X 0 0 0 BRUCE JAY GOULD MD TRUSTEE 1.00 0.00 X 0 0 0 ANDREW JACOBS 103017-PRESENT TRUSTEE 1.00 0.00 X 0 0 0 LINDA E JOHNSON TRUSTEE 1.00 0.00 X 0 0 0 HARRY LEE TRUSTEE 1.00 0.00 X 0 0 0 LISA LIEM TRUSTEE 1.00 0.00 X 0 0 0 BETTY H MATARESE TRUSTEE 1.00 0.00 X 0 0 0 CONNIE B MCCANN 103017-PRESENT TRUSTEE 1.00 0.00 X 0 0 0 JOHN H MCFADDEN TRUSTEE 1.00 0.00 X 0 0 0 FRANK J MECHURA TRUSTEE 1.00 0.00 X 0 0 0 JOHN J MEDVECKIS TRUSTEE 1.00 0.00 X 0 0 0 JENNIFER MONTONE TRUSTEE/FACULTY MEMBER 1.00 0.00 X 25970 0 2587 ALAN MORRISON TRUSTEE/FACULTY MEMBER 1.00 0.00 X 0 0 0 ROBERT H MUNDHEIM TRUSTEE 1.00 0.00 X 0 0 0 RANJI NAGASWAMI 103017-PRESENT TRUSTEE 1.00 0.00 X 0 0 0 ROY NEFF TRUSTEE 1.00 0.00 X 0 0 0 C RICHARD NEU TRUSTEE 1.00 0.00 X 0 0 0 ERIC OWENS TRUSTEE 1.00 0.00 X 0 0 0 WILLIAM H ROBERTS ESQ TRUSTEE 1.00 0.50 X 0 0 0 ROBERT H ROCK TRUSTEE 1.00 0.00 X 0 0 0 BRETT RUBINSON TRUSTEE 1.00 0.00 X 0 0 0 CHIONA SCHWARZ TRUSTEE 1.00 0.00 X 0 0 0 WILLIAM STENSRUD TRUSTEE 1.00 0.00 X 0 0 0 JAY TOLSON TRUSTEE 1.00 0.00 X 0 0 0 ELIZABETH VALE TRUSTEE 1.00 0.00 X 0 0 0 PENELOPE P WATKINS TRUSTEE 1.00 0.00 X 0 0 0 BETTY WHELCHEL TRUSTEE 1.00 0.00 X 0 0 0 A MARGARET BOK HONORARY TRUSTEE 1.00 0.50 X 0 0 0 MILTON L ROCK PHD HONORARY TRUSTEE 1.00 0.50 X 0 0 0 H F GERRY LENFEST CHAIRMAN EMERITUS 1.00 0.00 X 0 0 0 NINA ALBERT TRUSTEE EMERITA 1.00 0.00 X 0 0 0 PETER A BENOLIEL TRUSTEE EMERITUS 1.00 0.00 X 0 0 0 SHELDON M BONOVITZ TRUSTEE EMERITUS 1.00 0.00 X 0 0 0 LUTHER W BRADY MD TRUSTEE EMERITUS 1.00 0.00 X 0 0 0 CAROLYN S BURGER TRUSTEE EMERITA 1.00 0.00 X 0 0 0 JOSEPH M FIELD TRUSTEE EMERITUS 1.00 0.50 X 0 0 0 ALAN R HIRSIG TRUSTEE EMERITUS 1.00 0.00 X 0 0 0 SCOTT M JENKINS TRUSTEE EMERITUS 1.00 0.50 X 0 0 0 BOBBY ELLEN KIMBEL PHD TRUSTEE EMERITA 1.00 0.00 X 0 0 0 JAMES R LEDWITH TRUSTEE EMERITUS 1.00 0.50 X 0 0 0 BONG S LEE MD TRUSTEE EMERITUS 1.00 0.00 X 0 0 0 CHRISTINA WEISS LURIE TRUSTEE EMERITA 1.00 0.00 X 0 0 0 JOHN A NYHEIM TRUSTEE EMERITUS 1.00 0.00 X 0 0 0 ALBERT PISCOPO TRUSTEE EMERITUS 1.00 0.00 X 0 0 0 ROBERT POLLACK TRUSTEE EMERITUS 1.00 0.00 X 0 0 0 AMANDA W SMOOT TRUSTEE EMERITA 1.00 0.00 X 0 0 0 SUEYUN LOCKS 6117-22818 TRUSTEE 1.00 0.00 X 0 0 0 KRISTEN B LODEN SENIOR VICE PRESIDENT OF ADVANCEMENT 35.00 0.00 X 279812 0 22273 PAUL J BRYAN DEAN OF FACULTY AND STUDENTS 35.00 0.00 X 167009 0 33826 CHARLES STERNE III DIRECTOR OF PRINCIPAL GIFTS AND PLANNED GIVING 35.00 0.00 X 138062 0 36537 1442878 0 185699 17 0 1 0 PARKHURST DINING SERVICS PO BOX 644091 PITTSBURGH PA 15264 CAFETERIA SERVICES 808112 ALLIED UNIVERSAL 161 WASHINGTON STREET SUITE 600 CONSHOHOCKEN PA 19428 SECURITY SERVICES 573326 KIMMEL CENTER INC 1500 WALNUT ST 17TH FLOOR PHILADELPHIA PA 19103 FACILITY RENTAL AND STAGE LABOR 502410 ELLIOT LEWIS CORPORATION 2900 BLACK LAKE PLACE PHILADELPHIA PA 19154 MAINTENANCE SERVICES 437475 PHILADELPHIA ORCHESTRA ASSOCIATION 1 SOUTH BROAD ST 14TH FLOOR PHILADELPHIA PA 19107 IT SERVICES 323035 10 451270 4564152 74819 12622834 4412945 17713075 DORMITORY REVENUE 611710 2166481 2166481 STUDENT FEES 611710 750840 750840 CONCERT INCOME 711130 543811 543811 3461132 3521166 3521166 22242 22242 64697 66721 -2024 -2024 -44878 42854 18030293 646901 13242830 0 4787463 646901 5434364 5434364 93410 451270 93410 0 ADMINISTRATIVE FEE MLCB 561000 42000 42000 SCHOOL STORE 453000 1646 1646 VENDING MACHINE INCOME 900099 163 163 43809 30193764 3461132 -44878 9064435 1605262 1605262 1453978 35445 1116448 302085 7409234 4996407 1410898 1001929 652258 532672 40668 78918 846944 672014 48606 126324 662916 494800 74906 93210 58374 58374 80644 80644 157185 157185 781606 781606 684619 534267 128902 21450 300978 173273 127705 449674 15219 149571 284884 553590 465551 66499 21540 313027 267068 32400 13559 617828 448710 109202 59916 69602 69602 2485426 2176950 222474 86002 301490 259236 30474 11780 SCHOOL OPERATION AND MA 2221616 1465825 713990 41801 INSTRUCTIONAL EXPENSES 1854030 1761132 92898 ARTISTIC PROGRAMS 747255 747255 SUMMERFEST PROGRAM 346142 346142 24653678 16823955 5401435 2428288 440908 780494 213608 210710 57122030 46539867 315540 459744 749697 833085 211433 272394 116657955 26930467 87697736 89727488 125749587 144638547 24260023 25021711 2323022 1480853 299083584 309964893 1519197 1895059 814821 801317 2160852 1950117 465579 465579 2105162 1977714 7065611 7089786 X 129136020 133224241 27906681 31146763 134975272 138504103 292017973 302875107 299083584 309964893 5540086 5317048 0 X 0 1 X 1 0 X 9151735 X X X MUSICAL EDUCATION OF STUDENTS 0 150009611 12604170 14272578 7226101 169660258 132048873 6512456 18682856 7234574 150009611 128727907 13843929 -4475823 6047140 132048873 122669065 6239500 5407128 5587786 128727907 108797008 6035970 13135655 5299568 122669065 0.27880 0.59020 0.13100 0 0 13848261 13848261 79768889 17506816 62262073 13889070 9423651 4465419 9151735 9151735 89727488 VANGUARD INSTITUTIONAL INDEX 25021711 F 25021711 SPLIT-INTEREST LIABILITIES 1867448 TERI STUDENT LOAN RESERVE 55703 DEFERRED COMPENSATION 46316 OTHER LIABILITIES 8247 1977714 X 34189353 5317048 136658 5453706 28735647 781254 676863 1458117 30193764 23332219 136658 136658 23195561 781254 676863 1458117 24653678 PART III, LINE 4: THE INSTITUTE'S COLLECTIONS CONSIST OF FINE ART AND FINE MUSICAL INSTRUMENTS WHICH ARE USED FOR PUBLIC EXHIBITION AND/OR THE MUSICAL EDUCATION OF THE INSTITUTE'S STUDENTS. PART V, LINE 4: EARNINGS FROM THE ENDOWMENT ARE USED TO FUND OPERATING EXPENSES AND CAPITAL EXPENDITURES FOR THE CURTIS INSTITUTE OF MUSIC TO ENABLE THE SCHOOL TO CONTINUE ITS POLICY OF AWARDING MERIT BASED FULL TUITION SCHOLARSHIPS TO ALL OF ITS STUDENTS. THE USES OF THE INSTITUTE'S ENDOWMENT FUNDS ARE DETERMINED BY DONOR INSTRUCTIONS IN THE EVENT THERE ARE RESTRICTIONS ON THE ENDOWMENT GIFT. PART X, LINE 2: THE INSTITUTE IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. TAX FILINGS ARE SUBJECT TO AUDIT BY VARIOUS TAXING AUTHORITIES. OPEN PERIODS SUBJECT TO AUDIT ARE GENERALLY THE PREVIOUS THREE YEARS OF TAX RETURNS FILED. PART XI, LINE 2D - OTHER ADJUSTMENTS: UBI RENTAL EXPENSE 43,248. FUNDRAISING EXPENSE 93,410. PART XI, LINE 4B - OTHER ADJUSTMENTS: MISCELLANEOUS 42,000. STUDENT AID FEES 212. NON-CASH FINANCIAL AID 634,651. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES 93,410. UBI RENTAL EXPENSE 43,248. PART XII, LINE 4B - OTHER ADJUSTMENTS: MISCELLANEOUS 42,000. STUDENT AID FEES 212. NON-CASH FINANCIAL AID 634,651. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL'S NONDISCRIMINATION POLICY IS POSTED ON ITS WEBSITE IN THE INFORMATION FOR ADMISSION SECTION. IT IS ALSO INCLUDED IN THE STUDENT HANDBOOK WHICH IS DISTRIBUTED DURING THE REGISTRATION PERIOD. SCHEDULE E, PART I, LINE 6 STUDENTS AT THE INSTITUTE RECIEVE FEDERAL AID IN THE FORM OF PELL GRANTS AND STAFFORD LOANS. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS N/A 24634296 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 INVESTMENTS N/A 391433 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 INVESTMENTS N/A 2744339 0 0 0 0 0 0 27770068 0 27770068 0 0 0 0 0 0 X X X X X X X 1 KARMA AGENCY 230 SOUTH BROAD ST SUITE 1500 PHILADELPHIA PA 19102 PROVIDES CAMPAIGN-RELATED RESOURCES 0 0 206772 -206772 ART 270 741 YORKWAY PLACE JENKINTOWN PA 19046 PROVIDES PROMOTIONAL MATERIAL SERVICES 0 0 71771 -71771 WOLF BROWN 918 W BOSTON BLVD DETROIT MI 48202 PROVIDES CAMPAIGN-RELATED RESOURCES 0 0 43750 -43750 REAL MEDIA FUSION 445 TWICKENHAM ROAD GLENSIDE PA 19038 PROVIDES DIGITAL MEDIA SERVICES 0 0 36821 -36821 HISTORY MAKING PRODUCTIONS 340 NORTH 12TH STREET SUITE 300 PHILADELPHIA PA 19107 PROVIDES PROMOTIONAL VIDEO SERVICES 0 0 7522 -7522 366636 -366636 AL AK AR CA CO CT FL GA HI IL KS KY LA ME MD MA MI MN MO MS NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI ANNUAL GALA EVENT 544680 451270 93410 15237 56435 21738 544680 451270 93410 15237 56435 21738 93410 0 SCHEDULE G, PART I, LINE 2B, COLUMN (V) KARMA AGENCY PROVIDES A CREATION OF DELIVERABLES IN RELATION TO CAMPAIGN-RELATED ENGAGEMENTS AND FUNDRAISING MATERIALS. ART 270 PROVIDES DELIVERABLES IN RELATION TO PROMOTIONAL MATERIALS. WOLF BROWN PROVIDES A CREATION OF DELIVERABLES IN RELATION TO CAMPAIGN-RELATED ENGAGEMENTS AND FUNDRAISING MATERIALS. REAL MEDIA FUSION PROVIDES DELIVERABLES IN RELATION TO DIGITAL MEDIA SERVICES. HISTORY MAKING PRODUCTIONS PROVIDES DELIVERABLES IN RELATION TO PROMOTIONAL VIDEO SERVICES. 1 NEED BASED ASSISTANCE TO STUDENTS 124 642229 634651 BOOK VALUE DORMITORY AND CAFETERIA PRIVELEGES PART I, LINE 2: 1. IT SHALL BE THE POLICY OF THE CURTIS INSTITUTE OF MUSIC THAT NO PROSPECTIVE STUDENT WHO HAS BEEN ACCEPTED FOR STUDY WILL BE UNABLE TO ATTEND BECAUSE OF FINANCIAL NEED. SIMILARLY, IT SHALL ALSO BE THE POLICY OF CURTIS THAT NO CURRENTLY ENROLLED STUDENT WOULD HAVE TO LEAVE SCHOOL BECAUSE OF UNMET FINANCIAL NEED. IN PRACTICE, THIS SHALL MEAN THAT CURTIS WILL DETERMINE WHAT IS A REALISTIC LEVEL OF FINANCIAL NEED BASED UPON THEN-PREVAILING COSTS FOR LIVING EXPENSES IN PHILADELPHIA AND THE EXPERIENCE OF OTHER CURTIS STUDENTS. (IT IS OF COURSE POSSIBLE THAT SOME PROSPECTIVE OR CURRENTLY ENROLLED STUDENTS MAY CHOOSE NOT TO ACCEPT THE PROFFERED PACKAGE OF FINANCIAL AID FOR A VARIETY OF REASONS). 2. IN FULFILLMENT OF THE ABOVE COMMITMENT, CURTIS SHALL REVIEW EACH STUDENT'S REQUEST FOR FINANCIAL AID. WHERE APPROPRIATE AND NECESSARY, CURTIS MAY MAKE ADJUSTMENTS TO THE STATED LEVEL OF NEED (TO CORRESPOND WITH ACTUAL LIVING EXPENSES IN PHILADELPHIA AND WITH THE EXPERIENCE OF OTHER CURTIS STUDENTS) AND/OR THE REQUESTED LEVEL OF ASSISTANCE. THEREAFTER, CURTIS WILL BE PREPARED TO MAKE AVAILABLE A FINANCIAL AID PACKAGE THAT IS FULLY RESPONSIVE TO THE ADJUSTED LEVEL OF FINANCIAL NEED. BASED UPON EXPERIENCE, HOWEVER, INITIAL FINANCIAL AID AWARDS TO BOTH PROSPECTIVE AND CONTINUING STUDENTS SHALL BE TARGETED AT APPROXIMATELY 80% OF THE ADJUSTED LEVEL OF NEED, WITH THE EXPLICIT INVITATION FOR AID RECIPIENTS TO REAPPLY FOR FURTHER FINANCIAL AID SHOULD THAT PROVE NECESSARY. STUDENTS MAY REAPPLY FOR FINANCIAL AID AT ANY TIME DURING THE COURSE OF THE ACADEMIC YEAR. 3. WHEN DECIDING UPON A FINANCIAL AID PACKAGE, CURTIS SHALL EXPECT ALL STUDENTS TO FIRST TAKE FULL ADVANTAGE OF SOURCES OF FINANCIAL ASSISTANCE OTHER THAN THE CURTIS INSTITUTE OF MUSIC. ONLY AFTER ASSURANCE THAT ALL OTHER SOURCES HAVE BEEN FULLY EXPLORED AND UTILIZED, WILL CURTIS'S OWN FINANCIAL AID RESOURCES BE INCORPORATED INTO THE FINANCIAL AID PACKAGE. (THE MIX BETWEEN OUTSIDE SOURCES OF FINANCIAL AID, CURTIS'S OWN RESOURCES, AND OUTSIDE EMPLOYMENT MAY VARY FROM STUDENT TO STUDENT, REFLECTING UNIQUE CIRCUMSTANCES APPLICABLE TO EACH STUDENT.) 4. SUPPLEMENTAL FINANCIAL ASSISTANCE FOR STUDENTS ATTENDING THE CURTIS INSTITUTE OF MUSIC IS AWARDED IN THE FOLLOWING SEQUENCE: PELL GRANTS, LOANS, ON-CAMPUS EMPLOYMENT, LAB/OPERA ORCHESTRA, CURTIS SUPPLEMENTAL GRANTS. 5. STUDENTS WHO REQUIRE SUPPLEMENTAL FINANCIAL ASSISTANCE FOR LIVING EXPENSES ARE EXPECTED TO CONTRIBUTE TO THEIR OWN EDUCATIONAL FINANCING BY TAKING LOW-INTEREST LOANS. ACCORDINGLY, LOANS ARE THE NEXT LEVEL OF FUNDING AFTER PELL GRANTS TO BE AWARDED IN A FINANCIAL ASSISTANCE PACKAGE. 6. WHEN IT COMES TO DETERMINING THE USE OF CURTIS'S OWN FINANCIAL AID RESOURCES, ALL FINANCIAL AID PACKAGES WILL INCLUDE ON-CAMPUS EMPLOYMENT FOR ELIGIBLE STUDENTS. RECIPIENTS OF CURTIS'S OWN FINANCIAL AID RESOURCES WILL BE EXPECTED TO PERFORM ON-CAMPUS EMPLOYMENT UP TO THE MAXIMUM PERMISSIBLE NUMBER OF HOURS PER WEEK OF SUCH EMPLOYMENT AS DETERMINED BY CURTIS. 7. THESE FINANCIAL AID POLICIES OF THE CURTIS INSTITUTE OF MUSIC SHALL BE REVIEWED PERIODICALLY WITH MEMBERS OF THE FACULTY AND MEMBERS OF THE STUDENT BODY, BOTH TO SOLICIT OPINIONS AND SUGGESTIONS AS WELL AS FOR INFORMATION DISSEMINATION PURPOSES. X 0 0 X X X X X X 0 1 0 0 0 0 0 0 0 ROBERTO DIAZ PRESIDENT/TRUSTEE 524920 0 0 0 0 0 23645 0 29294 0 577859 0 0 0 LAWRENCE BOMBACK TREASURER/SR. VP OF ADMINISTRATION 218136 0 0 0 0 0 3090 0 17581 0 238807 0 0 0 KRISTEN B LODEN SENIOR VICE PRESIDENT OF ADVANCEMENT 279812 0 0 0 0 0 22003 0 270 0 302085 0 0 0 PAUL J BRYAN DEAN OF FACULTY AND STUDENTS 167009 0 0 0 0 0 7050 0 26776 0 200835 0 0 0 CHARLES STERNE III DIRECTOR OF PRINCIPAL GIFTS AND PLAN 138062 0 0 0 0 0 11724 0 24813 0 174599 0 0 0 PART I, LINE 4B ROBERTO DIAZ PARTICIPATES IN A SUPPLEMENTAL NON-QUALIFIED PLAN AND HIS COMPENSATION UNDER THIS PLAN WAS $43,316. X 1226 OTHER X 49 1012309 MARKET VALUE X 10 3372800 APPRAISED VALUE X CONCERT CATERING AND RENTALS 1 19850 APPRAISED VALUE X HOTEL ACCOMADATIONS 1 3350 APPRAISED VALUE X INTERIOR PAINTING 1 2660 APPRAISED VALUE X WEBSITE CREDIT 1 750 MARKET VALUE 0 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 FAMILY RELATIONSHIP - MILTON ROCK ROBERT ROCK FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO ITS FILING, THE 990 IS REVIEWED BY THE AUDIT COMMITTEE WITH MANAGEMENT. ONCE APPROVED, THE 990 IS THEN POSTED TO A PRIVATE ONLINE PORTAL FOR TRUSTEES, AND A NOTIFICATION IS SENT OUT FOR THEIR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION MONITORS AND ENFORCES COMPLIANCE BY FOLLOWING THESE PROCEDURES: (1) ALL INTERESTED PERSONS HAS A DUTY TO FILE A CONFLICT OF INTEREST STATEMENT AND DISCLOSURE WHEN COMMENCING SERVICE AND ON AN ANNUAL BASIS THEREAFTER, OR MORE FREQUENTLY IF A CHANGE IN ANY NEW ACTIVITIES OR RELATIONSHIPS OCCURS. (2) SHOULD A CONFLICT OR POTENTIAL CONFLICT ARISE, THE INTERESTED PERSON PRESENTS THIS POTENTIAL CONFLICT OF INTEREST TO THE CHAIR OF THE BOARD OF TRUSTEES AND SHALL ABSTAIN FROM DISCUSSIONS RELATED TO TRANSACTIONS OR ARRANGEMENTS THAT INVOLVE, OR MAY INVOLVE, THE ACTUAL OR POTENTIAL CONFLICT UNTIL A DETERMINATION CAN BE MADE BY THE BOARD CHAIR, OR IF NEEDED THE APPROPRIATE COMMITTEE AS DETERMINED BY THE CHAIR OR BY THE BOARD, REGARDING WHETHER HE OR SHE HAS A CONFLICT OF INTEREST. (3) THE GOVERNANCE COMMITTEE DETERMINES WHETHER THERE IS A CONFLICT OF INTEREST, AND REPORTS TO THE BOARD OF TRUSTEES IF ONE EXISTS. (4) THE MINUTES OF THE BOARD (OR OTHER CORPORATE RECORDS, AS APPROPRIATE) SHALL RECORD THE NAMES OF THE PERSONS WHO WERE FOUND TO HAVE AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST, THE NATURE OF THE CONFLICT, THE NATURE OF THE FOLLOW-UP, AND THE DECISION AS TO WHETHER A CONFLICT OF INTEREST IN FACT EXISTED, AND WHETHER THAT CONFLICT INVOLVES A PERMISSIBLE OR IMPERMISSIBLE TRANSACTION OR ARRANGEMENT. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF TRUSTEES HAS ESTABLISHED A HUMAN RESOURCES COMMITTEE OF INDEPENDENT TRUSTEES THAT HAVE NO PERSONAL INTEREST IN THE PROPOSED COMPENSATION ARRANGEMENTS. THE COMMITTEE REVIEWS THE PROPOSED COMPENSATION FOR ALL EMPLOYEES INCLUDING OFFICERS DURING THE PREPARATION OF THE ORGANIZATION'S ANNUAL BUDGET. THE ORGANIZATION ALSO HAS A FULL-TIME HUMAN RESOURCES DEPARTMENT AND BUSINESS OFFICE THAT SUPPORTS THIS FUNCTION, AND HAS ACCESS TO COMPENSATION DATA AS A MEMBER OF THE NATIONAL ASSOCIATION OF COLLEGE AND UNIVERSITY BUSINESS OFFICES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS OF THE INSTITUTE ARE AVAILABLE TO THE PUBLIC UPON REQUEST. MARY LOUISE CURTIS BOK FOUNDATION 1726 LOCUST STREET PHILADELPHIA PA 19103 236000615 FOUNDATION TO SUPPORT CURTIS INSTITUTE OF MUSIC PA 501(C)(3) PF THE CURTIS INSTITUTE OF MUSIC 1 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 THE MARY LOUISE CURTIS BOK FOUNDATION C 4564152 CASH