2014-05-13T17:12:48-05:00 2013-06-30 GRANT THORNTON LLP ONE CALIFORNIA STREET SUITE 2300 SAN FRANCISCO CA 94111 990 2012-07-01 952501387 The Colburn School % KAREN S LOVETT COLB 2136212200 200 South Grand Avenue Suite Los Angeles CA 90012 Seth Weintraub 2136212200 2014-05-13 true JOSEPH S DE TRANE 4159863900 2012 2015-11-30 17:44:51Z Sel Kardan 200 South Grand Avenue Los Angeles CA 90012 227339773 false X www.ColburnSchool.edu X 1951 CA The Colburn School provides outstanding performing arts education in an optimum environment. 30 30 375 80 -353533 -364352 10999854 19369936 9269122 10575330 5359023 19265158 1532205 1699534 27160204 50909958 5467114 6334058 0 0 14641324 14605810 60303 45000 1452635 17469165 17074798 37637906 38059666 -10477702 12850292 312347959 324836690 158432623 148594675 153915336 176242015 X The Colburn School provides world class performing arts education in Los Angeles. Extracurricular education is provided to more than 2,000 diverse students through the School of Performing Arts, the Academy and the Adult Studies division. The Conservatory provides degreed music education to gifted pupils. false false 34618648 6334058 10575330 See Sch O 34618648 true true false false false false false false false true true true false false true true true false true false true false false true true false false false true true true false false false false false false false false false false true true false false false true false false false true 118 0 true 375 true true true false EI false false false true true false false false false X 30 30 true false false false false false false true true false false true true true true true true true true false CA X KAREN S LOVETT 2136211046 200 S GRAND AVENUE Los Angeles CA 90012 Nancy Baxter 1.0 0.0 X X 0 0 0 Alice Coulombe 1.0 0.0 X X 0 0 0 Eugene I Krieger 1.0 2.0 X X 0 0 0 Warner Henry 1.0 0.0 X X 0 0 0 David Barry 1.0 0.0 X X 0 0 0 Aliza Lesser 1.0 0.0 X 0 0 0 Andrew Millstein 1.0 0.0 X 0 0 0 Ann Ronus 1.0 0.0 X 0 0 0 Beverly Ryder 1.0 0.0 X 0 0 0 Brad Ellis 1.0 0.0 X 0 0 0 Carol C Grigor 1.0 2.0 X 0 0 0 Catherine C Hogel 1.0 0.0 X 0 0 0 Charles C Read 1.0 0.0 X 0 0 0 Christiane Cuse 1.0 0.0 X 0 0 0 Dan G Clement 1.0 0.0 X 0 0 0 Daniel L Avchen 1.0 0.0 X 0 0 0 Jennifer F Diener 1.0 0.0 X 0 0 0 Jim Ward 1.0 0.0 X 0 0 0 Joan Boyett 1.0 0.0 X 0 0 0 Keith Terasaki 1.0 0.0 X 0 0 0 Peter Wardle 1.0 0.0 X 0 0 0 Placido Domingo 1.0 0.0 X 0 0 0 Richard Grant 1.0 0.0 X 0 0 0 Richard W Colburn 1.0 2.0 X 0 0 0 Robert Attiyeh 1.0 1.0 X 0 0 0 Robert E Lewis 1.0 0.0 X 0 0 0 Steven F Matt 1.0 0.0 X 0 0 0 Thomas D Leddy 1.0 0.0 X 0 0 0 Wendy Kelman 1.0 0.0 X 0 0 0 Pedro Pizarro 1.0 0.0 X 0 0 0 Robert Egelston 1.0 2.0 X 0 0 0 Sel Kardan 40.0 0.0 X 354349 0 41595 Seth Weintraub 40.0 0.0 X 226458 0 13282 Allison Sampson 40.0 0.0 X 199207 0 21098 Linda Cormier 40.0 0.0 X 85402 0 4515 Richard Beene 40.0 0.0 X 251541 0 28614 Robert Lipsett 40.0 0.0 X 323468 0 20921 Ronald Leonard 40.0 0.0 X 223285 0 12255 Paul Coletti 40.0 0.0 X 187611 0 23615 John Perry 40.0 0.0 X 185038 0 23697 Ory Shihor 40.0 0.0 X 219022 0 17625 2255381 0 207217 26 false true false Universal Protection Service LP PO Box 101034 PASADENA CA 911891034 Bldg. Security 683272 Facilities Support Services 7112 Sophia Ave VAN NUYS CA 91406 Building Janitorial 266644 Maguire Properties - One Cal Plaza Dept LA 23281 PASADENA CA 911853281 Parking Rents 207978 Angeles Investment Advisors 429 Santa Monica Blvd Ste 650 SANTA MONICA CA 904013424 Investment Mgt. 278738 Peerless Building Maintenance Co 21020 Superior St CHATSWORTH CA 91311 Building Janitorial 247622 10 735050 13255000 12500 5367386 1744639 19369936 TUITION INCOME 900099 9953305 9953305 RENTAL INCOME 531120 622025 622025 10575330 4564385 -353533 4917918 0 0 0 0 0 190843980 35000 176178207 14665773 35000 14700773 14700773 111500 735050 251608 -140108 -140108 0 0 CAFE REVENUE 722210 1492194 1492194 FILM SHOOTS 900099 22020 22020 TICKET SALES 900099 81521 81521 243907 243907 1839642 50909958 10575330 -353533 21318225 0 6334058 6334058 0 0 1299951 477078 417041 405832 0 10912844 9993153 330797 588894 346430 316487 3593 26350 1133778 1009095 68974 55709 912807 790086 65544 57177 95411 82794 931 11686 64757 3204 61548 5 131557 46124 85228 205 0 45000 45000 631543 631543 2103398 1888893 116869 97636 129124 128911 50 163 507843 455885 22798 29160 239669 231682 5421 2566 0 1639099 1606616 16307 16176 165335 148671 10683 5981 0 21691 13643 628 7420 3367241 3299897 33672 33672 0 4498698 4408724 44987 44987 471278 461928 4675 4675 INSTRUMENTS 145078 145078 EQUIPMENT & FURNITURE 72888 71995 893 SUBSCRIPTION 50374 45179 3363 1832 UBI TAXES 2343 2343 2737471 2659467 61388 16616 38059666 34618648 1988383 1452635 0 0 5962486 6285423 1526725 1570170 0 0 0 0 0 0 0 0 0 0 328635 391549 154506203 34247017 123818516 120259186 136107478 155427206 43121579 39531931 0 0 0 0 1482540 1371225 312347959 324836690 1450330 1416839 0 0 193768 248528 134115000 132485000 0 0 0 0 0 0 0 0 22673525 14444308 158432623 148594675 X 117003118 134036240 3518093 8755070 33394125 33450705 153915336 176242015 312347959 324836690 X 12850292 1247171 8229216 X false true X true false X false false false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 145832328 56580 18269104 132870 4905418 159119724 153166240 51611 -2663931 117639 4603953 145832328 121353360 4001 35654999 101241 3744879 153166240 109614631 69543 14835574 3166388 121353360 134666936 7057721 -30297002 1813024 109614631 0.75120 0.21020 0.03860 false true true 138215064 25269184 112945880 1200343 457508 742835 7583838 5151803 2432035 7506958 3368522 4138436 120259186 OTHER SECURITIES 39531931 F 39531931 0 INTEREST RATE SWAP AGREEMENT 14444308 14444308 X 33725618 1247171 -17799968 -16552797 50278415 631543 631543 50909958 29328155 29328155 631543 8099968 8731511 38059666 Use of Endowment Funds Schedule D, Part V, Line 4 The School's endowment is established for a variety of purposes including various support, Department Chair endowments, scholarship support, and core programs. FIN 48 (ASC 740) Footnote Schedule D, Part X, Line 2 In July 2006, FASB issued ASC Topic No. 740, Accounting for Uncertainty in Income Taxes (ASC 740), which requires entities to determine whether it is "more likely than not" that a tax position will be sustained upon examination by the appropriate taxing authorities. An uncertain tax position will not be recognized if it has less than a 50% likelihood of being sustained. The school adopted the provisions of ASC 740 on July 1, 2007. Adoption of this provision did not have an impact on the School's financial statements, as management believes there are no uncertain tax positions within its financial statements. There have been no material changes in unrecognized benefits as of the year ended June 30, 2013 and the year ended June 30, 2012, nor are any anticipated in the 12 months following June 30, 2013. There have been no related tax penalties or interest, which would be classified as tax expense in the statement of activities. The open federal and state tax years are as follows: Jurisdiction Open Tax Years Federal - US June 30, 2010 through June 30, 2013 California June 30, 2009 through June 30, 2013 Reconciliation of Revenue per Audited Financial Statements Schedule D, Part XI, Line 2d Expenses from rental activity ($139,652), caf expenses ($1,618,009), Distribution from Colburn Music Fund ($9,700,000), scholarships ($6,334,058), UBI Taxes ($2,343) and Legal Fees ($5,906) netted with respective revenue, gains, and other support line item on audited financial statements, but reported as expenses and losses on return. Reconciliation of Expenses per Audited Financial Statements Schedule D, Part XII, Line 4b Expenses from rental activity ($139,652), caf expenses ($1,618,009), scholarships ($6,334,058), UBI Taxes ($2,343) and Legal fees ($5,906) netted with respective revenue, gains, and other support line item on audited financial statements, but reported as expenses and losses on return. true true true true true true true false false false false false false false false true false true Racially Nondiscriminatory Policy Schedule E, Line 3 The school annually runs an advertisement in the Los Angeles Times and posts our nondiscriminatory policy on our own website and in our promotional materials. Financial Aid or Assistance from Governmental Agency Schedule E, Line 6A The school received a grant from the National Endowment for the Arts (NEA) in the amount of $12,500. Central America and the Caribbean Investments 14227120 14227120 14227120 true false true true false false X X X X X X true CHARLES R FELDSTEIN CO 980 NORTH MICHIGAN AVENUE CHICAGO IL 60611 CONSULTING false 45000 -45000 45000 -45000 CA Annual Gala 721350 654850 66500 63650 127376 Taste of Colb 125200 80200 45000 8363 52219 0 846550 735050 111500 72013 179595 251608 -140108 true Conservatory Scholarship 118 5830713 CSPA Scholarship 355 399570 Academy Scholarship 15 102750 ADULT STUDIES SCHOLARSHIP 2 1025 Procedures for Monitoring the Use of Grant Funds in the U.S. Schedule I, Part I, Line 2 Financial Aid / Grants are awarded based on need (as evidenced by application and supporting documents), and provided based on supported (receipts) expenses for approved travel, books and health insurance. Stipends for meals are set by allowance. X X true false X X X X false false false false false false false false false Sel Kardan 328880 0 0 0 25469 0 13079 0 28516 0 395944 0 0 0 Seth Weintraub 224422 0 0 0 2036 0 11221 0 2061 0 239740 0 0 0 Richard Beene 250876 0 0 0 665 0 12500 0 16114 0 280155 0 0 0 Allison Sampson 197391 0 0 0 1816 0 9901 0 11197 0 220305 0 0 0 Robert Lipsett 322712 0 0 0 756 0 12500 0 8421 0 344389 0 0 0 Ronald Leonard 222988 0 0 0 297 0 10285 0 1970 0 235540 0 0 0 Paul Coletti 187125 0 0 0 486 0 9691 0 13924 0 211226 0 0 0 John Perry 184820 0 0 0 218 0 8735 0 14962 0 208735 0 0 0 Ory Shihor 218552 0 0 0 470 0 10937 0 6688 0 236647 0 0 0 Questions Regarding Compensation Schedule J, Part I, Line 1b A discretionary spending account in the form of an auto allowance is provided to the president & ceo only. The payments are reported as taxable compensation and reported on Form W-2. Schedule J, Part I, Line 1b A housing allowance is provided to the President & CEO only. It was pre-approved by the board and is reported on his form W-2 as taxable compensation. Schedule J, Part I, Line 2 Expense reimbursement follows IRS guidelines for an accountable plan; requiring authorization, authentication of business purpose and substantiation with receipts. The housing allowance and auto allowance for the President & CEO does not fall under our accountable plan, and is, therefore, taxed to the President. A CIEDB Series 2011 630304653 13033W7N7 2011-10-11 64925000 Refunding of Series 2006A Bonds false false false B CIEDB Series 2008 630304653 13033W6Z1 2011-03-01 69190000 Reissuance of Series 2008 Bonds false false false A 0 0 64925000 0 0 0 0 0 0 0 64925000 0 2007 true false true true B 1630000 0 69190000 0 0 0 0 0 0 0 69190000 0 2007 true false true true A false true true true false 0.01800 0.00000 0.01800 false false 0.00000 false true B false true true true false 0.01700 0.00000 0.01700 false false false true A false true true false 0 false 0 false true B false true true false 0 false 0 false true A true B true SCHEDULE K, PART I, COLUMN F 0 The 2006A bonds were issued on November 30, 2006. The 2008 bonds were issued on December 9, 2008. Schedule K, Part III, Line 7 As provided in Treasury Regulation Section 1.141-4(c)(2)(i)(B), the amount of private payments taken into account under the private payment test may not exceed the amount of private business use and/or unrelated trade or business use. Accordingly, the amount of private payments for the reporting period does not exceed the amount stated in Part III, Line 6. The organization has not undertaken an analysis of the private security test with respect to the bonds, as the level of private business use and/or unrelated trade or business reported in Part III, Line 6 is not in excess of amounts permitted under Section 145 of the Code. X 2 24000 FMV X 3 16389 FMV X 1 1699000 Appraisal X Instrument 1 2750 FMV X Israel Bond 1 2500 Bond Value 1 false true false Program Service Activity Form 990, Part III, Line 4a The Colburn School of Performing Arts offers instruction in the performing arts for students of all ages and community service programs which bring music to under-served children in inner city Schools. The School of Performing Arts was organized in the 1950's and offers classes, lessons and workshops in Music, Dance, Drama and Voice to approximately 1,800 students ranging in age from toddler to adult. The Colburn School began a comprehensive curriculum of classes called 'The Academy' in 2011, designed to aid highly gifted pre-college age students to become well rounded musicians. In 2012, The Colburn School added a program called "Adult Studies" to provide music and choir classes for the adult population of Los Angeles. The Colburn Conservatory of Music began in 2003. The Conservatory admits qualified students pursuing the highest levels of classical music performance training. Conservatory programs range from two to four years in length and result in either a Bachelors of Music Degree, Master's Degree, Performance Diploma, an Artist's Diploma or Professional Studies Certificate. The Conservatory is accredited by the National Association of Schools of Music. Board Member Having a Family Relationship with Another Board Member Form 990, Part VI, Section A, Line 2 Board Member Catherine Hogel is the daughter of Board Member Carol Colburn Grigor. Board Member Richard W. Colburn is the brother of Carol Colburn Grigor and the Uncle of Catherine Hogel. Form 990 Review Process Form 990, Part VI, Section B, Line 11b The Form 990 is completed annually and reviewed by the CFO with the President and the Audit Committee. Once the CFO, President and Audit Committee are in agreement on the final 990, copies are provided to the entire governing board, prior to it being filed. The Audit Committee reviews the 990 with the governing board. Once the 990 is considered final, the CFO will sign the return, or the authorization form for electronic filing, and submit by the filing deadline. Written Conflict of Interest Policy Form 990, Part VI, Section B, Line 12c Board members are required to disclose conflicts on the Conflicts of Interest Questionnaire. If conflicts are disclosed or otherwise brought to their attention, the board will review the potential conflict. It may determine that a conflict exists, but poses no risk of harm to the School or that some remedial action or intervention is necessary. The board documents discussion of the potential conflict and its resolution. The School also requires periodic review of transactions and relationships to ensure that there are no conflicts of interest. Determination of Compensation Form 990, Part VI, Section B, Lines 15a and 15b The process for reviewing and approving compensation includes review and approval by the board of directors and/or compensation committee of the board, provided that persons with conflicts of interest with respect to the compensation arrangement at issue are not involved in the review and approval. We use comparable compensation data for similarly qualified individuals in functionally comparable positions at similarly situated organizations; and contemporaneous documentation and recordkeeping with respect to the deliberations and decisions regarding the compensation arrangement is maintained. Disclosure of Organizational Documents to the Public Form 990, Part VI, Section C, Line 19 Governing documents and conflict of interest policy of the school, subject to the Federal or California state public disclosure rules, are made publicly available as the applicable law may require. Otherwise, governing documents and conflict of interest policy are provided to the public at the discretion of management. The financial statements and Form 990 of the School are publicly available as required by federal and state public disclosure rules. The School's website contains a statement to this effect and invites the public to contact the School if they wish to have this information. Upon receipt of an email, regular mail or telephone inquiry, the School sends the requested information as required. Reconciliation of Net Assets Form 990, Part XI, Line 9 Unrealized Gain on Interest Rate Swap Related To Bonds: $8,229,216 Colburn Music Fund 1000 Wilshire Blvd Los Angeles CA 90017 954804766 Private Fdn CA 501(c)(3) 08 Colburn Schl true Colburn Foundation 1000 Wilshire Blvd Los Angeles CA 90017 954693145 Private Fdn CA 501(c)(3) 08 Colburn Schl true false false true false false false false false false false false false false false false false false false false Colburn Music Fund c 9700000 Cost Colburn Foundation c 3555000 Cost