2016-02-15T00:00:00-06:00 2015-06-30 951720829 MARTIN WERBELOW LLP 300 N LAKE AVE SUITE 930 PASADENA CA 911014106 990 2014-07-01 953900207 PASADENA CONSERVATORY OF MUSIC PASA 6266833355 100 N HILL AVE PASADENA CA 91106 STEPHEN MCCURRY EXECUTIVE DIRECTOR 6266833355 2016-02-10 1 ERICH RAIL P00174228 6265771440 2014 2016-08-17 19:52:53Z STEPHEN MCCURRY 100 NORTH HILL AVENUE PASADENA CA 91106 2976993 0 X WWW.PASADENACONSERVATORY.ORG X 1984 CA THE FUNDAMENTAL PURPOSE OF THE PASADENA CONSERVATORY OF MUSIC IS TO PROVIDE OPPORTUNITIES FOR STUDENTS OF ALL AGES AND BACKGROUNDS TO STUDY, PERFORM, AND ENJOY MUSIC. ANNUAL ONSITE ENROLLMENT IS APPROXIMATELY 1,400. OUTREACH PROGRAMS SERVE AN ADDITIONAL 3,000 STUDENTS. EACH YEAR THE CONSERVATORY PRESENTS ABOUT 100 PERFORMANCES OPEN TO THE PUBLIC. 14 14 90 10 0 0 1387028 1056045 1735430 1895721 2916 2102 38791 1854 3164165 2955722 0 0 0 0 1826779 1974768 0 0 204587 686303 826782 2513082 2801550 651083 154172 11092038 10696919 1389241 840456 9702797 9856463 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 2204333 1895721 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 100 PERFORMANCES ARE PRESENTED EACH YEAR TO AUDIENCES OF APPROXIMATELY 5,000. 2204333 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 0 0 0 0 0 0 0 0 0 1 37 0 1 90 1 0 0 0 0 0 1 1 0 0 0 0 X 14 14 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 6267989426 100 NORTH HILL AVE PASADENA CA 91106 HENRY O EVERSOLE CHAIRMAN 1.00 X X 0 0 0 V SHANNON CLYNE TREASURER 1.00 X X 0 0 0 ALISON LIFLAND SECRETARY 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 DIRECTOR 1.00 X 0 0 0 LINDA DICKASON DIRECTOR 1.00 X 0 0 0 ROGER MULLENDORE DIRECTOR 1.00 X 0 0 0 STEPHEN MCCURRY EXECUTIVE DIRECTOR 40.00 X 114108 0 0 114108 0 0 1 0 0 0 DEL AMO CONSTRUCTION 23840 MADISON STREET TORRANCE CA 90505 CONSTRUCTION 2409085 ARCHITECTURAL RESOURCES GROUP INC 9 PIER 107 SAN FRANCISCO CA 94111 CAMPUS DEVELOPMENT/ARCHITECTURAL SERVICE 133775 2 15600 34830 1005615 12358 1056045 TUITION INCOME 611600 1862512 1862512 SALES AND RENTALS 611600 33209 33209 1895721 2102 2102 10500 0 10500 10500 10500 12625 15600 21271 -8646 -8646 2955722 1895721 0 3956 126083 56737 31521 37825 1689685 1401298 179632 108755 159000 130305 17137 11558 3675 3675 14851 14851 70645 42358 28287 28914 26890 1735 289 40269 37450 2416 403 7858 4079 3779 1878 1878 182834 173782 7760 1292 42644 35238 7223 183 FACILITIES MAINTENANCE 128870 117014 10095 1761 BAD DEBTS 81185 81185 BANK CHARGES 44779 41644 2687 448 RECITALS AND CONCERTS 43721 43721 134659 91939 647 42073 2801550 2204333 392630 204587 855639 95711 1669671 387148 915509 188120 99511 157155 6093 13701 11054441 1284033 7421030 9770408 124585 84676 11092038 10696919 433726 180364 121574 158893 833941 501199 1389241 840456 X 7228996 9577582 2340755 137835 133046 141046 9702797 9856463 11092038 10696919 154172 -506 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 133105 8000 549 273 141381 97211 35846 767 719 133105 90000 7200 268 257 97211 90000 29 29 90000 90000 90000 0.99760 0.00240 0 0 2258400 2258400 1791334 393284 1398050 6082264 265984 5816280 747679 489095 258584 174764 135670 39094 9770408 X 2955216 -506 -506 2955722 0 2955722 2801550 0 2801550 0 2801550 PART V, LINE 4: THE CONSERVATORY HAS TWO ENDOWMENT FUNDS: THE LONG-TERM OBJECTIVE OF THE PERMANENT FUND IS TO MAINTAIN AND GROW THE FUND IN PERPETUITY, WHILE PROVIDING A STABLE AND GROWING SOURCE OF FUNDING TO SUPPORT THE CONSERVATORY'S OPERATIONS. THE ESTELLE SCHLUETER FUND WILL BE RESTRICTED UNTIL THE PRINCIPAL HAS REACHED SUFFICIENT SIZE TO BE ABLE TO USE ITS INVESTMENTS INCOME TO FUND SCHOLARSHIPS. 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 MANSIONS 28225 15600 12625 4674 8270 8327 28225 15600 12625 4674 8270 8327 21271 -8646 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 SENIOR MANAGEMENT AND THE BOARD OF DIRECTORS ARE COLLECTIVELY RESPONSIBLE FOR MONITORING COMPLIANCE WITH THE CONSERVATORY'S CONFLICT OF INTEREST POLICY. REGULAR BOARD MEETINGS PROVIDED A FORUM FOR ADDRESSING ANY POTENTIAL CONFLICT OF INTEREST ISSUES. FORM 990, PART VI, SECTION B, LINE 15A A COMPENSATION COMMITTEE COMPRISED OF BOARD MEMBERS IS RESPONSIBLE FOR RECOMMENDING EXECUTIVE DIRECTOR COMPENSATION WHICH ULTIMATELY REQUIRES 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.