2017-04-14T18:21:24-05:00 2016-06-30 951720829 MARTIN WERBELOW LLP 300 N LAKE AVE SUITE 930 PASADENA CA 911014106 990 2015-07-01 953900207 PASADENA CONSERVATORY OF MUSIC PASA 6266833355 100 N HILL AVE PASADENA CA 91106 STEPHEN MCCURRY EXECUTIVE DIRECTOR 6266833355 2017-04-12 1 ERICH RAIL P00174228 6265771440 2015 2021-01-29 14:40:06Z STEPHEN MCCURRY 100 NORTH HILL AVENUE PASADENA CA 91106 3062040 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. 13 13 90 20 0 0 1056045 907787 1895721 2061877 2102 -4757 1854 -11210 2955722 2953697 0 0 0 0 1974768 2093582 0 0 182802 826782 897079 2801550 2990661 154172 -36964 10696919 10251945 840456 432446 9856463 9819499 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 2405752 2061877 OUTREACH PROGRAMS ARE PROVIDED TO OVER 3,000 STUDENTS THROUGHOUT THE SAN GABRIEL VALLEY. ON SITE INSTRUCTION PROGRAMS ARE PROVIDED TO OVER 1,000 STUDENTS THROUGH A COMPREHENSIVE MUSIC CURRICULUM. ABOUT 140 PERFORMANCES ARE PRESENTED EACH YEAR TO AUDIENCES OF APPROXIMATELY 11,000. 2405752 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 0 0 0 0 0 0 0 0 1 37 0 1 90 1 0 0 0 0 0 1 1 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 X PASADENA CONSERVATORY OF MUSIC 6266833355 100 NORTH HILL AVE PASADENA CA 91106 HENRY O EVERSOLE BOARD CHAIR 1.00 X X 0 0 0 V SHANNON CLYNE TREASURER 1.00 X X 0 0 0 ALISON LIFLAND BOARD CHAIR 1.00 X X 0 0 0 OLIN BARRETT DIRECTOR 1.00 X 0 0 0 BRIAN P BROOKS DIRECTOR 1.00 X 0 0 0 JANE KACZMAREK DIRECTOR 1.00 X 0 0 0 STEPHEN A KANTER MD DIRECTOR 1.00 X 0 0 0 PETER KNELL DIRECTOR 1.00 X 0 0 0 THOMAS LEDDY 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 KAREN STRACKA SECRETARY 1.00 X X 0 0 0 LINDA DICKASON DIRECTOR 1.00 X 0 0 0 ROGER MULLENDORE DIRECTOR 1.00 X 0 0 0 JUDITH KELLY DIRECTOR 0.00 X 0 0 0 STEPHEN MCCURRY EXECUTIVE DIRECTOR 40.00 X 130950 0 0 130950 0 0 1 0 0 0 DEL AMO CONSTRUCTION 23840 MADISON STREET TORRANCE CA 90505 CONSTRUCTION 466388 1 16900 44850 846037 55962 907787 TUITION INCOME 611600 2028430 2028430 SALES AND RENTALS 611600 33447 33447 2061877 1376 1376 79985 83709 2409 -3724 -2409 -6133 -6133 11015 16900 22225 -11210 -11210 2953697 2061877 0 -15967 128000 42667 42666 42667 1812014 1483584 238297 90133 153568 119223 23320 11025 14350 14350 39600 20687 18913 30374 27885 1931 558 59661 56081 2983 597 8847 4100 4747 1215 1205 8 2 262692 250191 10517 1984 47038 38359 8486 193 FACILITIES MAINTENANCE 144952 136255 7247 1450 RECITALS AND CONCERTS 79490 79490 BANK CHARGES 67573 63519 3378 676 OTHER FUNDRAISING EXPEN 33416 33416 107871 82506 25264 101 2990661 2405752 402107 182802 95711 241489 387148 213515 188120 75538 157155 103359 13701 17614 11026798 1479580 9770408 9547218 84676 53212 10696919 10251945 180364 81210 158893 133612 501199 217624 840456 432446 X 9577582 9724592 137835 40861 141046 54046 9856463 9819499 10696919 10251945 X -36964 25650 -25650 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 141381 3000 426 90000 54807 133105 8000 549 273 141381 97211 35846 767 719 133105 90000 7200 268 257 97211 90000 29 29 90000 0.98610 0.01390 0 0 2258400 2258400 1791334 438067 1353267 6082263 417262 5665001 678125 471230 206895 216676 153021 63655 9547218 X 2978647 24950 24950 2953697 0 2953697 3015611 24950 24950 2990661 0 2990661 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. GENERALLY, THE CONSERVATORY'S TAX RETURN REMAINS OPEN FOR THREE YEARS FOR FEDERAL TAX EXAMINATION AND FOUR YEARS FOR STATE TAX EXAMINATION. 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 27915 16900 11015 2453 6749 4854 8169 27915 16900 11015 2453 6749 4854 8169 22225 -11210 X 1358 THRIFT SHOP RESALE VALUE X 11736 PURCHASE RECEIPTS X 6 37832 MARKET VALUE X MUSICAL EQUIPMENT 12 5036 COMPARABLE SALES 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS PREPARED BY AN OUTSIDE CPA FIRM AND PROVIDED TO THE EXECUTIVE DIRECTOR WHO REVIEWS AND APPROVES OF ITS FILING. THE FORM 990 IS AVAILABLE TO ANY MEMBER OF THE BOARD TO REVIEW. 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 XI, LINE 9: DONATED SERVICE AND USE OF FACILITIES -25,650. 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.