CURTIS INSTITUTE OF MUSIC: Form 990, tax year 2013
View the entire original 990 at ProPublica ↗
- Organization
- CURTIS INSTITUTE OF MUSIC (EIN 23-1585611)
- Tax period
- 2013-06-01 to 2014-05-31
- Filed
- 2015-03-27
- IRS object ID
- 201530869349300308
- Schema version
- 2013v4.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule F
- Schedule G
- Schedule I
- Schedule J
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2015-03-27T10:25:31-00:00 | ReturnTs |
| Tax Period End | 2014-05-31 | TaxPeriodEndDt |
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2013-06-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 231585611 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Curtis Institute of Music | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | CURT | BusinessNameControlTxt |
| Phone | 2157173134 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1726 Locust Street | AddressLine1 |
| City | Philadelphia | City |
| State | PA | State |
| ZIP Code | 19103 | ZIPCode |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Joseph Slater Sr Dir of Finance | PersonNm |
| Person Title | 3142015 | PersonTitleTxt |
| Phone | 2157173134 | PhoneNum |
| Signature | 2015-03-14 | SignatureDt |
| Discuss With Paid Preparer | false | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Joseph Slater | PreparerPersonNm |
| Preparation | 2015-03-14 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2013 | TaxYr |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990 IRS990
Doing Business As Name DoingBusinessAsName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Same | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | Roberto Diaz | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1726 Locust Street | AddressLine1 |
| City | Philadelphia | City |
| State | PA | State |
| ZIP Code | 19103 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $53,301,998 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | www.curtis.edu | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1924 | FormationYr |
| Legal Domicile State | PA | LegalDomicileStateCd |
| Activity Or Mission | The Curtis Institute of Music is a tuition free School of Music that strives to educate and train exceptionally gifted musicians for performing careers on the highest professional level. Attendance averages 169 students. | ActivityOrMissionDesc |
| Voting Members Governing Body | 50 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 45 | VotingMembersIndependentCnt |
| Total Employee | 478 | TotalEmployeeCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| PY Contributions Grants | $21,118,883 | PYContributionsGrantsAmt |
| CY Contributions Grants | $17,861,856 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $1,827,154 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $2,087,258 | CYProgramServiceRevenueAmt |
| PY Investment Income | $4,832,279 | PYInvestmentIncomeAmt |
| CY Investment Income | $6,716,916 | CYInvestmentIncomeAmt |
| PY Other Revenue | -$44,408 | PYOtherRevenueAmt |
| CY Other Revenue | -$186,262 | CYOtherRevenueAmt |
| PY Total Revenue | $27,733,908 | PYTotalRevenueAmt |
| CY Total Revenue | $26,479,768 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $852,089 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $855,504 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $7,935,233 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $8,214,994 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $1,245,277 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $8,929,171 | PYOtherExpensesAmt |
| CY Other Expenses | $9,714,467 | CYOtherExpensesAmt |
| PY Total Expenses | $17,716,493 | PYTotalExpensesAmt |
| CY Total Expenses | $18,784,965 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $10,017,415 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $7,694,803 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $229,092,252 | TotalAssetsBOYAmt |
| Total Assets EOY | $242,094,914 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $11,733,707 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $10,622,827 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $217,358,545 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $231,472,087 | NetAssetsOrFundBalancesEOYAmt |
| Mission | The Curtis Institute of Music is a tuition free School of Music that strives to educate and train exceptionally gifted musicians for performing careers on the highest professional level. Attendance averages 169 students. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $12,731,514 | ExpenseAmt |
| Revenue | $2,087,258 | RevenueAmt |
| Desc | The Curtis Institute of Music is a tuition free School of Music that strives to educate and train exceptionally gifted musicians for performing careers on the highest professional level. Attendance averages 169 students. | Desc |
| Total Program Service Expenses | $12,731,514 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | Yes (true) | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (true) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (true) | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | Yes (true) | ForeignActivitiesInd |
| More Than5000 K To Org | Yes (true) | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | Yes (true) | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (true) | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | false | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | Yes (true) | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 118 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 478 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (true) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (true) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 50 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 45 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | PA | StatesWhereCopyOfReturnIsFldCd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Joseph M Slater | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2157173134 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1726 Locust Street | AddressLine1 |
| City | Philadelphia | City |
| State | PA | State |
| ZIP Code | 19103 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionAGrp (58 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd |
|---|---|---|---|---|---|---|---|---|---|
| Mr HF Lenfest | |||||||||
| Chairman/Trustee | 001.00 | 000.50 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| Mr Edward A Montgomery Jr | |||||||||
| Vice Chairman/Trustee | 001.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| Mr Alan R Hirsig | |||||||||
| Secretary/Trustee | 001.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| Ms Deborah M Fretz | |||||||||
| Treasurer/Trustee | 001.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| Ms Nina Albert | |||||||||
| Trustee | 001.00 | Yes (X) | $0 | $0 | $0 | ||||
| Mr Frank S Bayley | |||||||||
| Trustee | 001.00 | Yes (X) | $0 | $0 | $0 | ||||
| Mr Peter A Benoliel | |||||||||
| Trustee Emeritus | 001.00 | Yes (X) | $0 | $0 | $0 | ||||
| Mrs Carey William Bok | |||||||||
| Honorary Trustee | 001.00 | 000.50 | Yes (X) | $0 | $0 | $0 | |||
| Ms Victoria Bok | |||||||||
| Trustee | 001.00 | Yes (X) | $0 | $0 | $0 | ||||
| Mr Sheldon M Bonovitz Esquire | |||||||||
| Trustee | 001.00 | Yes (X) | $0 | $0 | $0 | ||||
| Dr Luther W Brady | |||||||||
| Trustee Emeritus | 001.00 | Yes (X) | $0 | $0 | $0 | ||||
| Mrs Carolyn S Burger | |||||||||
| Trustee Emerita | 001.00 | Yes (X) | $0 | $0 | $0 | ||||
| Mr Jonathan Coopersmith | |||||||||
| Trustee/ Musical Studies Faculty | 035.00 | Yes (X) | $104,755 | $0 | $24,615 | ||||
| Mr Anthony B Creamer III | |||||||||
| Trustee | 001.00 | Yes (X) | $0 | $0 | $0 | ||||
| Mr Roberto Diaz | |||||||||
| President/Trustee | 035.00 | Yes (X) | Yes (X) | $383,837 | $0 | $57,575 | |||
| Mr Joseph M Field | |||||||||
| Trustee Emeritus | 001.00 | 000.50 | Yes (X) | $0 | $0 | $0 | |||
| Mr Gordon B Fowler | |||||||||
| Trustee | 001.00 | Yes (X) | $0 | $0 | $0 | ||||
| Dr Bruce Jay Gould | |||||||||
| Trustee | 001.00 | Yes (X) | $0 | $0 | $0 | ||||
| Ms Marsha Hunter | |||||||||
| Alumni Trustee | 001.00 | Yes (X) | $0 | $0 | $0 | ||||
| Mr Scott M Jenkins | |||||||||
| Trustee Emeritus | 001.00 | Yes (X) | $0 | $0 | $0 | ||||
| Ms Ida Kavafian | |||||||||
| Trustee/Violin Faculty | 035.00 | Yes (X) | $139,419 | $0 | $32,765 | ||||
| Ms Bobby Ellen Kimbel Phd | |||||||||
| Trustee Emerita | 001.00 | Yes (X) | $0 | $0 | $0 | ||||
| Mr James R Ledwith | |||||||||
| Trustee Emeritus | 001.00 | 000.50 | Yes (X) | $0 | $0 | $0 | |||
| Dr Bong S Lee | |||||||||
| Trustee Emeritus | 001.00 | Yes (X) | $0 | $0 | $0 | ||||
| Mrs Lisa Liem | |||||||||
| Trustee | 001.00 | Yes (X) | $0 | $0 | $0 | ||||
| Mrs Sueyun P Locks | |||||||||
| Trustee | 001.00 | Yes (X) | $0 | $0 | $0 | ||||
| Mrs Christina Weiss Lurie | |||||||||
| Trustee | 001.00 | Yes (X) | $0 | $0 | $0 | ||||
| Mrs Betty H Matarese | |||||||||
| Trustee | 001.00 | Yes (X) | $0 | $0 | $0 | ||||
| Mr Daniel Matsukawa | |||||||||
| Trustee/Musical Faculty | 035.00 | Yes (X) | $54,660 | $0 | $12,845 | ||||
| Mr John H McFadden | |||||||||
| Trustee | 001.00 | Yes (X) | $0 | $0 | $0 | ||||
| Mr Frank J Mechura | |||||||||
| Trustee | 001.00 | Yes (X) | $0 | $0 | $0 | ||||
| Mr John J Medveckis | |||||||||
| Trustee | 001.00 | Yes (X) | $0 | $0 | $0 | ||||
| Dr Christopher B Merritt | |||||||||
| Friends Trustee | 001.00 | Yes (X) | $0 | $0 | $0 | ||||
| Mr Thomas W Morris | |||||||||
| Overseers Trustee | 001.00 | Yes (X) | $0 | $0 | $0 | ||||
| Mr Robert H Mundheim | |||||||||
| Trustee | 001.00 | Yes (X) | $0 | $0 | $0 | ||||
| Mr John A Nyheim | |||||||||
| Trustee Emeritus | 001.00 | Yes (X) | $0 | $0 | $0 | ||||
| Mr Shaun F O'Malley | |||||||||
| Trustee | 001.00 | Yes (X) | $0 | $0 | $0 | ||||
| Mr Albert E Piscopo | |||||||||
| Trustee | 001.00 | Yes (X) | $0 | $0 | $0 | ||||
| Mr Robert Pollack | |||||||||
| Trustee | 001.00 | Yes (X) | $0 | $0 | $0 | ||||
| Mr William H Roberts | |||||||||
| Trustee | 001.00 | Yes (X) | $0 | $0 | $0 | ||||
| Dr Milton L Rock | |||||||||
| Honorary Trustee | 001.00 | 000.50 | Yes (X) | $0 | $0 | $0 | |||
| Mr Robert H Rock | |||||||||
| Trustee | 001.00 | Yes (X) | $0 | $0 | $0 | ||||
| Mr Mark E Rubenstein | |||||||||
| Trustee | 001.00 | Yes (X) | $0 | $0 | $0 | ||||
| Mr Brett Rubinson | |||||||||
| Trustee | 001.00 | Yes (X) | $0 | $0 | $0 | ||||
| Samuel R Shipley | |||||||||
| Trustee | 001.00 | 000.50 | Yes (X) | $0 | $0 | $0 | |||
| Mrs Amanda W Smoot | |||||||||
| Trustee Emerita | 001.00 | Yes (X) | $0 | $0 | $0 | ||||
| Mr Jay H Tolson | |||||||||
| Trustee | 001.00 | Yes (X) | $0 | $0 | $0 | ||||
| Mr William R Towcimak | |||||||||
| Crescendo Club Trustee | 001.00 | Yes (X) | $0 | $0 | $0 | ||||
| Mrs Elizabeth Vale | |||||||||
| Trustee | 001.00 | Yes (X) | $0 | $0 | $0 | ||||
| Nina Baroness von Maltzahn | |||||||||
| Trustee | 001.00 | Yes (X) | $0 | $0 | $0 | ||||
| Mrs Penelope P Watkins | |||||||||
| Trustee | 001.00 | Yes (X) | $0 | $0 | $0 | ||||
| Ms Elizabeth B Warshawer | |||||||||
| Executive Vice President | 035.00 | Yes (X) | $342,022 | $0 | $51,305 | ||||
| Paul J Bryan | |||||||||
| Dean of Faculty and Students | 035.00 | $139,612 | $0 | $32,810 | Yes (X) | ||||
| David A Ludwig | |||||||||
| Chair of Performance Studies/Dean of Artistic Programs | 035.00 | $131,484 | $0 | $30,890 | Yes (X) | ||||
| Charles Sterne | |||||||||
| Director of Principal Gifts and Planned Giving | 035.00 | $129,818 | $0 | $30,510 | Yes (X) | ||||
| Joseph M Slater | |||||||||
| Senior Director of Finance | 035.00 | $115,618 | $0 | $27,170 | Yes (X) | ||||
| Elizabeth L Racheva | |||||||||
| Vice President of External Affairs | 035.00 | $112,380 | $0 | $26,410 | Yes (X) | ||||
| John R Mangan | |||||||||
| Dean | $61,059 | $0 | $0 | Yes (X) | |||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,714,664 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $326,895 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 12 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (true) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1 | CityContractorAddress/USAddress/City | StateContractorAddress/USAddress/State | ZIP CodeContractorAddress/USAddress/ZIPCode | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| Intech Construction Inc | |||||
| 3001 Market Street | Philadelphia | PA | 19104 | Construction Contractor | $1,963,591 |
| Parkhurst Dining Services | |||||
| 285 East Waterfront Drive | Homestead | PA | 15120 | Cafeteria Services | $766,753 |
| Allied Barton Security Services | |||||
| 161 Washington Street Suite 600 | Conshohocken | PA | 19428 | Security Services | $449,946 |
| City Cleaning Company Inc | |||||
| 2318-26 Aramingo Avenue | Philadelphia | PA | 191253610 | Custodial Services | $273,799 |
| Elliott Lewis Corporation | |||||
| 2900 Black Lake Place | Philadelphia | PA | 19154 | Maintenance Services | $273,441 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 14 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $845,799 | FundraisingAmt |
| Related Organizations | $4,336,007 | RelatedOrganizationsAmt |
| Government Grants | $156,038 | GovernmentGrantsAmt |
| All Other Contributions | $12,524,012 | AllOtherContributionsAmt |
| Noncash Contributions | $416,992 | NoncashContributionsAmt |
| Total Contributions | $17,861,856 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|
| Student fees | $678,396 | $678,396 |
| Concert income | $521,829 | $521,829 |
| Dormitory revenue | $887,033 | $887,033 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $2,087,258 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,990,319 | TotalRevenueColumnAmt |
| Exclusion | $1,990,319 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $31,362,565 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $26,635,968 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $4,726,597 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $4,726,597 | TotalRevenueColumnAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rpt Fundraising Event | $845,799 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $186,262 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$186,262 | TotalRevenueColumnAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $26,479,768 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $2,087,258 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $1,990,319 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $855,504 | TotalAmt |
| Program Services | $855,504 | ProgramServicesAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,715,661 | TotalAmt |
| Program Services | $4,412,373 | ProgramServicesAmt |
| Management And General | $1,679,634 | ManagementAndGeneralAmt |
| Fundraising | $623,654 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $482,157 | TotalAmt |
| Program Services | $308,580 | ProgramServicesAmt |
| Management And General | $125,361 | ManagementAndGeneralAmt |
| Fundraising | $48,216 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $565,292 | TotalAmt |
| Program Services | $361,787 | ProgramServicesAmt |
| Management And General | $146,976 | ManagementAndGeneralAmt |
| Fundraising | $56,529 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $451,884 | TotalAmt |
| Program Services | $289,206 | ProgramServicesAmt |
| Management And General | $117,490 | ManagementAndGeneralAmt |
| Fundraising | $45,188 | FundraisingAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $72,398 | TotalAmt |
| Management And General | $72,398 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $84,766 | TotalAmt |
| Management And General | $84,766 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fees For Services Prof Fundraising | FeesForServicesProfFundraising |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $235,481 | TotalAmt |
| Management And General | $235,481 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $237,310 | TotalAmt |
| Program Services | $40,635 | ProgramServicesAmt |
| Management And General | $192,258 | ManagementAndGeneralAmt |
| Fundraising | $4,417 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $420,859 | TotalAmt |
| Program Services | $106,539 | ProgramServicesAmt |
| Management And General | $314,320 | ManagementAndGeneralAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,310,813 | TotalAmt |
| Program Services | $883,937 | ProgramServicesAmt |
| Management And General | $387,350 | ManagementAndGeneralAmt |
| Fundraising | $39,526 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $461,222 | TotalAmt |
| Program Services | $384,716 | ProgramServicesAmt |
| Management And General | $76,506 | ManagementAndGeneralAmt |
Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,498,602 | TotalAmt |
| Program Services | $1,149,357 | ProgramServicesAmt |
| Management And General | $1,224,315 | ManagementAndGeneralAmt |
| Fundraising | $124,930 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $275,606 | TotalAmt |
| Program Services | $163,553 | ProgramServicesAmt |
| Management And General | $101,678 | ManagementAndGeneralAmt |
| Fundraising | $10,375 | FundraisingAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt | Program ServicesProgramServicesAmt |
|---|---|---|---|---|
| Fundraising expenses | $315,736 | $23,294 | $292,442 | |
| Instructional expenses | $2,656,186 | $26,347 | $2,629,839 | |
| Dormitory expenses | $1,145,488 | $1,145,488 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $18,784,965 | TotalAmt |
| Program Services | $12,731,514 | ProgramServicesAmt |
| Management And General | $4,808,174 | ManagementAndGeneralAmt |
| Fundraising | $1,245,277 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,403,890 | BOYAmt |
| EOY | $227,178 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,454,478 | BOYAmt |
| EOY | $1,440,238 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $22,855,744 | BOYAmt |
| EOY | $24,175,131 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,059 | BOYAmt |
| EOY | $76,609 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $369,233 | BOYAmt |
| EOY | $459,287 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $130,889 | BOYAmt |
| EOY | $184,732 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $108,375,605 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $17,606,196 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $90,027,977 | BOYAmt |
| EOY | $90,769,409 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $108,797,008 | BOYAmt |
| EOY | $122,669,065 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,036,974 | BOYAmt |
| EOY | $2,093,265 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $229,092,252 | BOYAmt |
| EOY | $242,094,914 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,547,134 | BOYAmt |
| EOY | $1,453,581 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $409,208 | BOYAmt |
| EOY | $486,625 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,025,509 | BOYAmt |
| EOY | $6,047,002 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $465,579 | BOYAmt |
| EOY | $465,579 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,286,277 | BOYAmt |
| EOY | $2,170,040 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,733,707 | BOYAmt |
| EOY | $10,622,827 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $131,436,857 | BOYAmt |
| EOY | $131,776,287 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $25,627,850 | BOYAmt |
| EOY | $30,229,155 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $60,293,838 | BOYAmt |
| EOY | $69,466,645 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $217,358,545 | BOYAmt |
| EOY | $231,472,087 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $229,092,252 | BOYAmt |
| EOY | $242,094,914 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $7,694,803 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $6,418,739 | NetUnrlzdGainsLossesInvstAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
| Public Support CY170 | 0.00000 | PublicSupportCY170Pct |
| Public Support CY509 | 0.00000 | PublicSupportCY509Pct |
| Investment Income CY | 0.00000 | InvestmentIncomeCYPct |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Art Public Exhibition Amounts ArtPublicExhibitionAmountsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Assets Included | $3,650,207 | AssetsIncludedAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Incl Escrow Custodial Acct Liab | false | InclEscrowCustodialAcctLiabInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $108,797,008 | BeginningYearBalanceAmt |
| Contributions | $6,035,970 | ContributionsAmt |
| Investment Earnings Or Losses | $13,135,655 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $5,299,568 | OtherExpendituresAmt |
| End Year Balance | $122,669,065 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $90,928,866 | BeginningYearBalanceAmt |
| Contributions | $8,038,336 | ContributionsAmt |
| Investment Earnings Or Losses | $14,866,431 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $5,036,625 | OtherExpendituresAmt |
| End Year Balance | $108,797,008 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $89,917,874 | BeginningYearBalanceAmt |
| Contributions | $9,259,467 | ContributionsAmt |
| Investment Earnings Or Losses | -$3,792,323 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $4,456,152 | OtherExpendituresAmt |
| End Year Balance | $90,928,866 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $79,660,757 | BeginningYearBalanceAmt |
| Contributions | $1,525,749 | ContributionsAmt |
| Investment Earnings Or Losses | $12,845,892 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $4,114,524 | OtherExpendituresAmt |
| End Year Balance | $89,917,874 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $64,874,558 | BeginningYearBalanceAmt |
| Contributions | $9,759,120 | ContributionsAmt |
| Investment Earnings Or Losses | $8,937,577 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $255,410 | GrantsOrScholarshipsAmt |
| Other Expenditures | $3,655,088 | OtherExpendituresAmt |
| End Year Balance | $79,660,757 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.56000 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.30000 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.14000 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | false | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | Yes (true) | EndowmentsHeldRelatedOrgInd |
| Related Org List Sch R | Yes (true) | RelatedOrgListSchRInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $13,848,261 | OtherCostOrOtherBasisAmt |
| Book Value | $13,848,261 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $79,105,993 | OtherCostOrOtherBasisAmt |
| Depreciation | $10,285,264 | DepreciationAmt |
| Book Value | $68,820,729 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $11,771,144 | OtherCostOrOtherBasisAmt |
| Depreciation | $7,320,932 | DepreciationAmt |
| Book Value | $4,450,212 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $3,650,207 | OtherCostOrOtherBasisAmt |
| Book Value | $3,650,207 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $90,769,409 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (2 entries)
| DescDesc |
|---|
| Financial derivatives and other financial products |
| Closely-held equity interests |
Other Liabilities Org OtherLiabilitiesOrgGrp (21 entries)
| DescDesc | AmtAmt |
|---|---|
| Federal income taxes | |
| Split Interest Liabilities | $2,110,908 |
| Mary Louise Curtis Bok Foundation | $59,132 |
| The Institute records assets, liabilities and revenue related to gifts donated in the form | |
| of split interest agreements for which it serves as trustee. The types of split interest | |
| agreements include gift annuities, pooled income funds and charitable remainder | |
| unitrusts. The assets received are recorded at their fair value at the time of receipt | |
| as restricted support in accordance with donor imposed restrictions until a stipulated | |
| time restriction ends or specified condition is met. Liabilities represent the net | |
| present value of expected future payments of income earned or a fixed percentage of | |
| the assets owed to the beneficiaries designated by the donors on the basis of their | |
| estimated life expectancies. Contribution revenues are recognized at the amount of | |
| the difference of assets received and expected future payments. Over the term of the | |
| agreements, amortization of the discount on the liability and effects of changes in the | |
| life expectance of the beneficiary are recorded as adjustments to the liability and | |
| amortization of discount and change in actuarial assumptions on split interest | |
| agreements. The discount rate for the gift received during the year ended May 31, 2014 | |
| is 6. Discount rates ranged from 1.6 to 9.0 for gifts received through | |
| May 31, 2014. Contribution revenue recognized on these arrangements totaled | |
| approximately 12,000 and 840,000 for the years ended May 31, 2014 and 2013, | |
| respectively. |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $2,170,040 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $32,898,507 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $6,418,739 | NetUnrealizedGainsInvstAmt |
| Revenue Not Reported | $6,418,739 | RevenueNotReportedAmt |
| Revenue Subtotal | $26,479,768 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $26,479,768 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $18,784,965 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $18,784,965 | ExpensesSubtotalAmt |
| Total Expenses Per Form990 | $18,784,965 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| V 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 Institutes endowment funds are determined by donor instructions in the event there are restrictions on the endowment gift. |
| X 2 | The Institute is exempt from federal income taxes under section 501c3 of the Internal Revenue Code. Effective June 1, 2009 management adopted the accounting standard, Accounting for Uncertainty in Income Taxes. This standard clarifies the accounting and reporting for uncertainties in income tax positions taken or expected to be taken in filing with taxing juristictions using minimum recognition and measurement thresholds. |
| X 2 | Management has reviewed tax positions taken in filings with federal jurisdictions and believes those positions would be sustained should the filings be examined by the relevant taxing authority. Those tax filings for 2011, 2012 and 2013 are subject to examination, generally for three years after they are filed. |
| X 2 | Should settlement of an examination or other event result in a change in Managements evaluation of a tax position taken or expected to be taken in filings that have not been closed by statute or examination, any interest and penalties related to the unrecognized tax benefit as a result of the uncertain tax position would be included in interest and administrative expenses, respectively. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (true) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (true) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | false | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (true) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (true) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (true) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (true) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | false | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | false | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | false | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | false | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | false | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | false | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | false | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | false | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (true) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | false | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (true) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | 6a | FormAndLineReferenceDesc |
| Explanation | Students at the Institute receive federal aid in the form of Pell Grants and Stafford Loans. | ExplanationTxt |
Schedule F IRS990ScheduleF
Account Activities Outside US AccountActivitiesOutsideUSGrp (2 entries)
| RegionRegionTxt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|
| Central America and the Caribbean | Investment | $1,814,029 |
| Central America and the Caribbean | Investment | $20,601,919 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Spent | $22,415,948 | SubtotalSpentAmt |
| Total Spent | $22,415,948 | TotalSpentAmt |
| Transfer To Foreign Corp | Yes (true) | TransferToForeignCorpInd |
| Interest In Foreign Trust | false | InterestInForeignTrustInd |
| Foreign Corp Ownership | false | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | false | PassiveForeignInvestmestCoInd |
| Foreign Partnership | false | ForeignPartnershipInd |
| Boycott Countries | false | BoycottCountriesInd |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | Season Gala Event | NameOfEvent1Amt |
| Gross Receipts Event1 | $845,799 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $845,799 | CharitableContriEvent1Amt |
| Rent Facility Costs Event1 | $13,144 | RentFacilityCostsEvent1Amt |
| Food And Beverage Event1 | $81,798 | FoodAndBeverageEvent1Amt |
| Other Direct Expenses Event1 | $91,320 | OtherDirectExpensesEvent1Amt |
| Gross Receipts Total | $845,799 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $845,799 | CharitableContributionsTotAmt |
| Rent Fclty Costs Total Events | $13,144 | RentFcltyCostsTotalEventsAmt |
| Food And Beverage Total Events | $81,798 | FoodAndBeverageTotalEventsAmt |
| Oth Direct Expnss Total Events | $91,320 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $186,262 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$186,262 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | Need based assistance to students | GrantTypeTxt |
| Recipient | 121 | RecipientCnt |
| Cash Grant | $265,330 | CashGrantAmt |
| Non Cash Assistance | $590,174 | NonCashAssistanceAmt |
| Valuation Method Used | Book | ValuationMethodUsedDesc |
| Non Cash Assistance | Dormitory and cafeteria privileges | NonCashAssistanceDesc |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | Yes (true) | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | false | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | false | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (7 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt |
|---|---|---|---|
| Mr Roberto Diaz | |||
| President/Trustee | $383,837 | $57,575 | $441,412 |
| Ms Ida Kavafian | |||
| Trustee/Violin Faculty | $139,419 | $32,765 | $172,184 |
| Ms Elizabeth B Warshawer | |||
| Executive Vice President | $342,022 | $51,305 | $393,327 |
| Paul J Bryan | |||
| Dean of Faculty and Students | $139,612 | $32,810 | $172,422 |
| David A Ludwig | |||
| Chair of Performance Studies/Dean of Artistic Programs | $131,484 | $30,890 | $162,374 |
| Charles Sterne | |||
| Director of Principal Gifts and Planned Giving | $129,818 | $30,510 | $160,328 |
| John R Mangan | |||
| Dean | $61,059 | $61,059 | |
Schedule M IRS990ScheduleM
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Section B, Line 11A | The form 990 was discussed by the Finance Committee of the Board of Trustees of the Institute at its bi-monthly meeting. |
| Form 990, Part VI, Section B, Line 12c | Conflict of interest statements are submitted by the members of the Institutes Board of Trustees annually. |
| Form 990, Part VI, Section B, Line 15a | Compensation for officers and key employees of the Institute is reviewed by the Human Resources Committee and approved by the Board of Trustees. |
| Form 990, Part VI, Section B, Line 15b | Compensation for officers and key employees of the Institute is reviewed by the Human Resources Committee and approved by the Board of Trustees. |
| 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. |
| Form 990, Part XI, Line 5 | Change in unrealized gains losses for the year. |
| Form 990, Part I, Section E, Line Lines 6a and 6b | Students at the Institute receive federal aid in the form of Pell Grants and Stafford Loans. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Mary Louise Curtis Bok Foundation | BusinessNameLine1 |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1726 Locust Street | AddressLine1 |
| City | Philadelphia | City |
| State | PA | State |
| ZIP Code | 19103 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 236000615 | EIN |
| Primary Activities | Foundation | PrimaryActivitiesTxt |
| Legal Domicile State | PA | LegalDomicileStateCd |
| Exempt Code Section | 501c3 | ExemptCodeSectionTxt |
| Public Charity Status | Public | PublicCharityStatusTxt |
| Direct Controlling NA | N/A | DirectControllingNACd |
| Controlled Organization | false | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | false | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | false | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | Yes (true) | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | false | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | false | DivRelatedOrganizationInd |
| Asset Sale To Other Org | false | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | false | AssetExchangeInd |
| Rental Of Facilities To Oth Org | false | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | false | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (true) | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | false | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | false | SharingOfFacilitiesInd |
| Paid Employees Sharing | false | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | Yes (true) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | false | TransferToOtherOrgInd |
| Transfer From Other Org | false | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp
Other Organization Name OtherOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Mary Louise Curtis Bok Foundation | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transaction Type | c | TransactionTypeTxt |
| Involved | $4,336,007 | InvolvedAmt |
| Method Of Amount Determination | Endowment Draw | MethodOfAmountDeterminationTxt |
Comments