2018-04-27T12:07:47-05:00 2017-06-30 951720829 MARTIN WERBELOW LLP 300 N LAKE AVE SUITE 930 PASADENA CA 911014106 990 2016-07-01 953900207 PASADENA CONSERVATORY OF MUSIC PASA 6266833355 100 N HILL AVE PASADENA CA 91106 STEPHEN MCCURRY EXECUTIVE DIRECTOR 6266833355 2018-04-11 1 ERICH RAIL P00174228 6265771440 107.199.135.25 2018-04-11 10:55:54 PD P 5D9BD282E9F293362C389D43D9D6BE1C90C0D0CC 900AF3E20CB4F73D5D567BCFED48C16C649FA71F 2016 2021-01-29 14:40:06Z STEPHEN MCCURRY 100 NORTH HILL AVENUE PASADENA CA 91106 3297032 0 X WWW.PASADENACONSERVATORY.ORG X 1984 CA THE FUNDAMENTAL PURPOSE OF THE PASADENA CONSERVATORY OF MUSIC (THE CONSERVATORY) IS TO PROVIDE OPPORTUNITIES FOR STUDENTS OF ALL AGES AND BACKGROUNDS TO STUDY, PERFORM, AND ENJOY MUSIC. TO DELIVER A COMPREHENSIVE MUSIC CURRICULUM OF INDIVIDUAL LESSONS AND ENSEMBLE INSTRUCTION, THE CONSERVATORY IS ORGANIZED BY 10 DEPARTMENTS: CHAMBER MUSIC, GUITAR, JAZZ STUDIES, OUTREACH, PIANO, STRINGS, VOCAL ARTS, THEORY/HISTORY/COMPOSITION, WOODWINDS/BRASS/PERCUSSION, AND YOUNG MUSICIANS (AN EARLY CHILDHOOD PROGRAM). ADDITIONALLY THE CONSERVATORY PRESENTS AN EXTENSIVE SCHEDULE OF PUBLIC PERFORMANCES BY STUDENTS, FACULTY AND GUEST ARTISTS. 15 15 104 20 0 0 907787 1165516 2061877 2063023 -4757 1152 -11210 11875 2953697 3241566 0 0 0 0 2093582 2068891 0 0 209478 897079 916441 2990661 2985332 -36964 256234 10251945 10320494 432446 244761 9819499 10075733 X IT IS THE MISSION OF THE PASADENA CONSERVATORY OF MUSIC TO EDUCATE, ADVOCATE, INSPIRE AND SHARE; TO EDUCATE THROUGH A COMPREHENSIVE MUSIC CURRICULUM TAUGHT BY AN EXCEPTIONAL FACULTY; TO ADVOCATE FOR THE VALUE OF MUSIC STUDY; TO INSPIRE THROUGH OUR PERFORMANCES OF THE OLD, NEW, TRADITIONAL AND AVANT-GARDE; AND, TO SHARE OUR EXPERTISE INSOFAR AS POSSIBLE WITHOUT REGARD TO SOCIO-ECONOMIC BACKGROUND. 0 0 2401995 2063023 OUTREACH PROGRAMS ARE PROVIDED TO OVER 3,000 STUDENTS THROUGHOUT THE SAN GABRIEL VALLEY. ON SITE INSTRUCTION PROGRAMS ARE PROVIDED TO OVER 1,200 STUDENTS THROUGH A COMPREHENSIVE MUSIC CURRICULUM. ABOUT 140 PERFORMANCES ARE PRESENTED EACH YEAR TO AUDIENCES OF APPROXIMATELY 11,000. 2401995 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 53 0 1 104 1 0 0 0 0 0 1 1 0 0 X 15 15 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 NORTH HILL AVE PASADENA CA 91106 ALISON LIFLAND BOARD CHAIR 1.00 X X 0 0 0 V SHANNON CLYNE TREASURER 1.00 X X 0 0 0 KAREN STRACKA SECRETARY 1.00 X X 0 0 0 ANDREW ROOKE DIRECTOR 1.00 X 0 0 0 BRIAN P BROOKS DIRECTOR 1.00 X 0 0 0 HENRY O EVERSOLE DIRECTOR 1.00 X 0 0 0 JANE KACZMAREK DIRECTOR 1.00 X 0 0 0 JUDITH KELLY DIRECTOR 1.00 X 0 0 0 JUNE LI DIRECTOR 1.00 X 0 0 0 LAURIE SOWD DIRECTOR 1.00 X 0 0 0 OLIN BARRETT DIRECTOR 1.00 X 0 0 0 PETER KNELL DIRECTOR 1.00 X 0 0 0 ROGER MULLENDORE DIRECTOR 1.00 X 0 0 0 STEPHEN A KANTER MD DIRECTOR 1.00 X 0 0 0 THOMAS LEDDY DIRECTOR 1.00 X 0 0 0 STEPHEN MCCURRY EXECUTIVE DIRECTOR 40.00 X 123143 0 0 123143 0 0 1 0 0 0 0 58650 1106866 87640 1165516 TUITION INCOME 611600 2016342 2016342 SALES AND RENTALS 611600 46681 46681 2063023 1277 1277 31199 31324 -125 -125 -125 36017 24142 11875 11875 3241566 2063023 0 13027 117000 29250 29250 58500 1798265 1465384 233597 99284 153626 123184 19023 11419 14200 14200 69260 40574 28686 27139 25213 1519 407 55645 52306 2783 556 5530 2252 3278 824 787 31 6 264774 252185 10591 1998 41292 33216 7903 173 FACILITIES MAINTENANCE 167865 157793 8393 1679 BANK CHARGES 59347 55786 2968 593 RECITALS AND CONCERTS 51559 51559 OTHER FUNDRAISING EXPEN 34786 34786 124220 112506 11637 77 2985332 2401995 373859 209478 241489 353586 213515 94387 75538 31150 103359 124904 17614 16166 11140714 1656592 9547218 9484122 53212 56352 0 159827 10251945 10320494 81210 96636 133612 148125 217624 0 432446 244761 X 9724592 9823139 40861 196398 54046 56196 9819499 10075733 10251945 10320494 256234 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 54807 2150 490 57447 141381 3000 426 90000 54807 133105 8000 549 273 141381 97211 35846 767 719 133105 90000 7200 268 257 97211 0.97820 0.02180 0 0 2258400 2258400 1791334 482850 1308484 6204016 571382 5632634 672310 449744 222566 214654 152616 62038 9484122 X 3241566 0 3241566 0 3241566 2985332 0 2985332 0 2985332 PART V, LINE 4: THE CONSERVATORY HAS ONE ENDOWMENT FUND (THE ESTELLE BROUSSARD SCHLUETER SCHOLARSHIP) RESTRICTED TO SUBSIDIZING A SCHOLARSHIP FOR ONE OUTSTANDING PIANO STUDENT EACH YEAR. PART X, LINE 2: THE CONSERVATORY CONSIDERS MANY FACTORS WHEN EVALUATING AND ESTIMATING ITS TAX POSITIONS AND TAX BENEFITS, WHICH MAY REQUIRE PERIODIC ADJUSTMENTS AND WHICH MAY NOT ACCURATELY ANTICIPATE ACTUAL OUTCOMES. THE CONSERVATORY EVALUATES ITS UNCERTAIN TAX POSITIONS USING THE PROVISIONS IN CONFORMITY WITH U.S. GAAP. THESE STANDARDS REQUIRE MANAGEMENT TO PERFORM AN EVALUATION OF ALL INCOME TAX POSITIONS TAKEN, OR EXPECTED TO BE TAKEN IN THE COURSE OF PREPARING THE CONSERVATORY'S TAX RETURN. MANAGEMENT BELIEVES THE TAX POSITIONS TAKEN MORE LIKELY THAN NOT WILL BE SUSTAINED UNDER EXAMINATION BY THE APPLICABLE TAX AUTHORITIES. EXAMPLES OF TAX POSITIONS TAKEN INCLUDE THE TAX-EXEMPT STATUS OF THE CONSERVATORY, AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME. SINCE MATTERS ARE SUBJECT TO SOME DEGREE OF UNCERTAINTY, THERE CAN BE NO ASSURANCE THAT THE CONSERVATORY'S TAX RETURN WILL NOT BE CHALLENGED BY THE TAXING AUTHORITIES AND THAT THE CONSERVATORY WILL NOT BE SUBJECT TO ADDITIONAL TAX, PENALTIES, AND INTERESTS AS A RESULT OF SUCH CHALLENGE. 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. MANSIONS 29915 29915 6231 8734 3650 5527 OTHER EVENTS 6102 6102 36017 36017 6231 8734 3650 5527 24142 11875 X 2 12000 APPRAISAL X 3830 THRIFT SHOP RESALE VALUE X 1500 PURCHASE RECEIPTS X 8 30725 MARKET VALUE X MUSICAL EQUIPMENT 10 39585 COMPARABLE SALES AND 1 0 1 0 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, ACCOUNTING 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 REVIEWED AND CONSIDERED IN DETERMINING EXECUTIVE DIRECTOR COMPENSATION. 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 XII LINE 2C: AN AUDIT COMMITTEE THAT IS INDEPENDENT OF THE FINANCE COMMITTEE IS RESPONSIBLE FOR OVERSIGHT OF THE AUDIT AS WELL AS THE SELECTION OF AN INDEPENDENT AUDITING FIRM. THE AUDIT COMMITTEE ADHERES TO APPLICABLE FEDERAL AND STATE REGULATIONS IN THE CONDUCT OF ITS RESPONSIBILITIES.