CURTIS INSTITUTE OF MUSIC: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- CURTIS INSTITUTE OF MUSIC (EIN 23-1585611)
- Tax period
- 2012-06-01 to 2013-05-31
- Filed
- 2014-03-17
- IRS object ID
- 201410769349300501
- Schema version
- 2012v2.2
- 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 G
- Schedule I
- Schedule J
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2014-03-17T08:45:13-00:00 | Timestamp |
| Tax Period End Date | 2013-05-31 | TaxPeriodEndDate |
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-06-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 231585611 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Curtis Institute of Music | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | CURT | NameControl |
| Phone | 2157173134 | Phone |
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 |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Joseph Slater | Name |
| Title | Controller | Title |
| Phone | 2157173134 | Phone |
| Date Signed | 2014-03-14 | DateSigned |
| Authorize Third Party | false | AuthorizeThirdParty |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
Doing Business As DoingBusinessAs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Same | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | Roberto Diaz | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| 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 | 73827195 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | Curtis.edu | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1924 | YearFormation |
| State Legal Domicile | PA | StateLegalDomicile |
| Activity Or Mission Description | 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 165 students. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 50 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 45 | NbrIndependentVotingMembers |
| Total Nbr Employees | 478 | TotalNbrEmployees |
| Total Nbr Volunteers | 85 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Contributions Grants Prior Year | 15716407 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 21118883 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 1515980 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 1827154 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 2866423 | InvestmentIncomePriorYear |
| Investment Income Current Year | 4832279 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 160989 | OtherRevenuePriorYear |
| Other Revenue Current Year | -44408 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 20259799 | TotalRevenuePriorYear |
| Total Revenue Current Year | 27733908 | TotalRevenueCurrentYear |
| Grants And Similar Amnts CY | 852089 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 7258071 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 7935233 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 1269824 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 8141826 | OtherExpensePriorYear |
| Other Expenses Current Year | 8929171 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 15399897 | TotalExpensesPriorYear |
| Total Expenses Current Year | 17716493 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 4859902 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 10017415 | RevenuesLessExpensesCY |
| Total Assets BOY | 208025711 | TotalAssetsBOY |
| Total Assets EOY | 229092252 | TotalAssetsEOY |
| Total Liabilities BOY | 10718733 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 11733707 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 197306978 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 217358545 | NetAssetsOrFundBalancesEOY |
| Mission Description | 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 165 students. | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 11745812 | Expense |
| Revenue | 1827154 | Revenue |
| Description | 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 165 students. | Description |
| Total Program Service Expense | 11745812 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | true | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | false | LobbyingActivities |
| Subject To Proxy Tax | false | SubjectToProxyTax |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | true | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | true | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | false | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | false | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | true | ReportFin48Footnote |
| Independent Audit Financial Stmt | true | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | false | ConsolidatedAuditFinancialStmt |
| School | true | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | false | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | true | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | false | GrantsToOrganizations |
| Grants To Individuals | true | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | false | TaxExemptBonds |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | false | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | true | DeductibleNonCashContributions |
| Deductible Contributions Of Art | true | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | true | RelatedEntity |
| Related Org Controlled Entity | false | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | true | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 118 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 478 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | false | UnrelatedBusinessIncome |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | true | QuidProQuoContributions |
| Quid Pro Quo Disclosure | true | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 50 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 45 | NumberIndependentVotingMembers |
| Family Or Business Relationship | false | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | false | MembersOrStockholders |
| Election Of Board Members | false | ElectionOfBoardMembers |
| Decisions Subject To Approval | false | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | PA | StatesWhereCopyOfReturnIsFiled |
| Other Website | X | OtherWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | Joseph M Slater | NamePerson |
| Telephone Number | 2157173134 | TelephoneNumber |
Address US AddressUS
| 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 Form990PartVIISectionA (56 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Average Hours Per Week RelatedAverageHoursPerWeekRelated | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|---|
| Mr HF Lenfest | |||||||||
| Chairman/Trustee | 001.00 | 000.50 | X | X | 0 | 0 | 0 | ||
| Mr Edward A Montgomery Jr | |||||||||
| Vice Chairman/Trustee | 001.00 | X | X | 0 | 0 | 0 | |||
| Hr Alan R Hirsig | |||||||||
| Secretary/Trustee | 001.00 | X | X | 0 | 0 | 0 | |||
| Ms Deborah M Fretz | |||||||||
| Treasurer/Trustee | 001.00 | X | X | 0 | 0 | 0 | |||
| Mrs Nina Albert | |||||||||
| Trustee | 001.00 | X | 0 | 0 | 0 | ||||
| Mr Frank S Bayley | |||||||||
| Trustee | 001.00 | X | 0 | 0 | 0 | ||||
| Mr Peter A Benoliel | |||||||||
| Trustee Emeritus | 001.00 | X | 0 | 0 | 0 | ||||
| Mrs Cary William Bok | |||||||||
| Honorary Trustee | 001.00 | 000.50 | X | 0 | 0 | 0 | |||
| Ms Victoria Bok | |||||||||
| Trustee | 001.00 | X | 0 | 0 | 0 | ||||
| Mr Sheldon M Bonovitz | |||||||||
| Trustee | 001.00 | X | 0 | 0 | 0 | ||||
| Dr Luther W Brady | |||||||||
| Trustee Emeritus | 001.00 | X | 0 | 0 | 0 | ||||
| Mrs Carolyn S Burger | |||||||||
| Trustee Emerita | 001.00 | X | 0 | 0 | 0 | ||||
| Mr Jonathan Coopersmith | |||||||||
| Trustee/Musical Studies Faculty | 035.00 | X | 91398 | 0 | 21480 | ||||
| Mr Miles B Davis | |||||||||
| Alumni Trustee | 001.00 | X | 0 | 0 | 0 | ||||
| Mr Roberto Diaz | |||||||||
| President/Trustee | 035.00 | X | X | 367812 | 0 | 58170 | |||
| Mr Mikael Eliasen | |||||||||
| Trustee/Opera Department Chair | 035.00 | X | 113399 | 0 | 26650 | ||||
| Mr Joseph M Field | |||||||||
| Trustee Emeritus | 001.00 | 000.50 | X | 0 | 0 | 0 | |||
| Mr Gordon B Fowler | |||||||||
| Trustee | 001.00 | X | 0 | 0 | 0 | ||||
| Dr Bruse Jay Gould | |||||||||
| Trustee | 001.00 | X | 0 | 0 | 0 | ||||
| Mr Scott M Jenkins | |||||||||
| Trustee Emeritus | 001.00 | X | 0 | 0 | 0 | ||||
| Ms Ida Kavafian | |||||||||
| Trustee/Violin Faculty | 035.00 | X | 83004 | 0 | 19505 | ||||
| Ms Bobby Ellen Kimbel Phd | |||||||||
| Trustee Emerita | 001.00 | X | 0 | 0 | 0 | ||||
| Mr James R Ledwith | |||||||||
| Trustee Emeritus | 001.00 | 000.50 | X | 0 | 0 | 0 | |||
| Dr Bong S Lee | |||||||||
| Trustee Emeritus | 001.00 | X | 0 | 0 | 0 | ||||
| Mrs Lisa Liem | |||||||||
| Trustee | 001.00 | X | 0 | 0 | 0 | ||||
| Mrs Sueyun P Locks | |||||||||
| Trustee | 001.00 | X | 0 | 0 | 0 | ||||
| Dr David Ludwig | |||||||||
| Trustee/Musical Studies Faculty | 035.00 | X | 115930 | 0 | 27245 | ||||
| Mrs Christina Weiss Lurie | |||||||||
| Trustee | 001.00 | X | 0 | 0 | 0 | ||||
| Mrs Betty H Matarese | |||||||||
| Trustee | 001.00 | X | 0 | 0 | 0 | ||||
| Mr John H McFadden | |||||||||
| Trustee | 001.00 | X | 0 | 0 | 0 | ||||
| Mr Frank J Mechura | |||||||||
| Trustee | 001.00 | X | 0 | 0 | 0 | ||||
| Mr John J Medveckis | |||||||||
| Trustee | 001.00 | X | 0 | 0 | 0 | ||||
| Dr Christopher B Merritt | |||||||||
| Friends Trustee | 001.00 | X | 0 | 0 | 0 | ||||
| Mr Thomas W Morris | |||||||||
| Overseers Trustee | 001.00 | X | 0 | 0 | 0 | ||||
| Mr Robert H Mundheim | |||||||||
| Trustee | 001.00 | X | 0 | 0 | 0 | ||||
| Mr John A Nyheim | |||||||||
| Trustee Emeritus | 001.00 | X | 0 | 0 | 0 | ||||
| Mr Shaun F O'Malley | |||||||||
| Trustee | 001.00 | X | 0 | 0 | 0 | ||||
| Mr John G Papianou | |||||||||
| Crescendo Club Trustee | 001.00 | X | 0 | 0 | 0 | ||||
| Mr Albert E Piscopo | |||||||||
| Trustee | 001.00 | X | 0 | 0 | 0 | ||||
| Mr Robert Pollack | |||||||||
| Trustee | 001.00 | X | 0 | 0 | 0 | ||||
| Wr William H Roberts Esquire | |||||||||
| Trustee | 001.00 | X | 0 | 0 | 0 | ||||
| Dr Milton L Rock | |||||||||
| Honorary Trustee | 001.00 | 000.50 | X | 0 | 0 | 0 | |||
| Mr Robert H Rock | |||||||||
| Trustee | 001.00 | X | 0 | 0 | 0 | ||||
| Mr Mark E Rubenstein | |||||||||
| Trustee | 001.00 | X | 0 | 0 | 0 | ||||
| Mr Brett Rubinson | |||||||||
| Trustee | 001.00 | X | 0 | 0 | 0 | ||||
| Samuel R Shipley III | |||||||||
| Trustee | 001.00 | 000.50 | X | 0 | 0 | 0 | |||
| Mrs Amanda W Smoot | |||||||||
| Trustee Emerita | 001.00 | X | 0 | 0 | 0 | ||||
| Mr Jay H Tolson | |||||||||
| Trustee | 001.00 | X | 0 | 0 | 0 | ||||
| Baroness Nina Von Maltzan | |||||||||
| Trustee | 001.00 | X | 0 | 0 | 0 | ||||
| Mrs Penelope P Watkins | |||||||||
| Trustee | 001.00 | X | 0 | 0 | 0 | ||||
| Ms Elizabeth B Warshawer | |||||||||
| Executive Vice President | 035.00 | X | 325428 | 0 | 48815 | ||||
| Dr John Mangan | |||||||||
| Dean | 035.00 | 150734 | 0 | 35420 | X | ||||
| Mr Charles Sterne III | |||||||||
| Director of Principal Gifts and Planned Giving | 035.00 | 118871 | 0 | 27935 | X | ||||
| Ms Leslie Jacobson Kaye | |||||||||
| Major Gifts | 035.00 | 111592 | 0 | 26225 | X | ||||
| Mr Joseph Slater | |||||||||
| Controller | 035.00 | 111280 | 0 | 26150 | X | ||||
| Ms Melinda Whiting | |||||||||
| Vice President of Communications | 035.00 | 105158 | 0 | 24710 | X | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1694606 | TotalReportableCompFromOrg |
| Total Other Compensation | 342305 | TotalOtherCompensation |
| Number Individuals GT100 K | 11 | NumberIndividualsGT100K |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| Parkhurst Dining Services | |||||
| 285 East Waterfront Drive | Homestead | PA | 15120 | Cafeteria Services | 696050 |
| Allied Barton Security Services | |||||
| 161 Washington Street Suite 600 | Conshohocken | PA | 19428 | Security Services | 442070 |
| Intech Construction Inc | |||||
| 3001 Market Street | Philadelphia | PA | 19104 | Construction Contractor | 334545 |
| City Cleaning Company Inc | |||||
| 2318-26 Aramingo Avenue | Philadelphia | PA | 191253610 | Custodial Services | 271800 |
| Elliott Lewis Corporation | |||||
| 2900 Black Lake Place | Philadelphia | PA | 19154 | Maintenance Services | 270039 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 12 | NumberOfContractorsGT100K |
| Fundraising Events | 404311 | FundraisingEvents |
| Related Organizations | 4120955 | RelatedOrganizations |
| Government Grants | 122176 | GovernmentGrants |
| All Other Contributions | 16471441 | AllOtherContributions |
| Noncash Contributions | 1285334 | NoncashContributions |
| Total Contributions | 21118883 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (3 entries)
| DescriptionDescription | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|
| Student Fees | 681771 | 681771 |
| Concert Income | 519227 | 519227 |
| Dormitory Revenue | 626156 | 626156 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 1827154 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 2021943 | TotalRevenueColumn |
| Exclusion | $2,021,943 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 48859215 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 46048879 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 2810336 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 2810336 | TotalRevenueColumn |
| Exclusion | $2,810,336 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrbtns Rprtd Fundraising Events | 404311 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 44408 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -44408 | TotalRevenueColumn |
| Exclusion | -$44,408 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 27733908 | TotalRevenueColumn |
| Related Or Exempt Function Income | 1827154 | RelatedOrExemptFunctionIncome |
| Exclusion | $4,787,871 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 852089 | Total |
| Program Services | 852089 | ProgramServices |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6468320 | Total |
| Program Services | 4078768 | ProgramServices |
| Management And General | 1767282 | ManagementAndGeneral |
| Fundraising | 622270 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 471272 | Total |
| Program Services | 287476 | ProgramServices |
| Management And General | 131956 | ManagementAndGeneral |
| Fundraising | 51840 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 512109 | Total |
| Program Services | 312386 | ProgramServices |
| Management And General | 143390 | ManagementAndGeneral |
| Fundraising | 56333 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 483532 | Total |
| Program Services | 294955 | ProgramServices |
| Management And General | 135389 | ManagementAndGeneral |
| Fundraising | 53188 | Fundraising |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 72077 | Total |
| Management And General | 72077 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 82434 | Total |
| Management And General | 82434 | ManagementAndGeneral |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fees For Services Prof Fundraising | FeesForServicesProfFundraising |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 199696 | Total |
| Management And General | 199696 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 198194 | Total |
| Program Services | 41168 | ProgramServices |
| Management And General | 152551 | ManagementAndGeneral |
| Fundraising | 4475 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 384136 | Total |
| Program Services | 99871 | ProgramServices |
| Management And General | 284265 | ManagementAndGeneral |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1086633 | Total |
| Program Services | 656579 | ProgramServices |
| Management And General | 316262 | ManagementAndGeneral |
| Fundraising | 113792 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 398811 | Total |
| Program Services | 342024 | ProgramServices |
| Management And General | 56787 | ManagementAndGeneral |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2462106 | Total |
| Program Services | 1132569 | ProgramServices |
| Management And General | 1206432 | ManagementAndGeneral |
| Fundraising | 123105 | Fundraising |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 262222 | Total |
| Program Services | 152904 | ProgramServices |
| Management And General | 99196 | ManagementAndGeneral |
| Fundraising | 10122 | Fundraising |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | FundraisingFundraising | Program ServicesProgramServices | Management And GeneralManagementAndGeneral |
|---|---|---|---|---|
| Fundraising expenses | 234699 | 234699 | ||
| Instructional expenses | 2401588 | 2388894 | 12694 | |
| Dormitory expenses | 1106129 | 1106129 | ||
| 40446 | 40446 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 17716493 | Total |
| Program Services | 11745812 | ProgramServices |
| Management And General | 4700857 | ManagementAndGeneral |
| Fundraising | 1269824 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1144946 | BOY |
| EOY | 1403890 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4424355 | BOY |
| EOY | 3454478 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 20095369 | BOY |
| EOY | 22855744 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 289208 | BOY |
| EOY | 16059 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 366914 | BOY |
| EOY | 369233 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 108890 | BOY |
| EOY | 130889 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 105135571 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 15107594 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 88696067 | BOY |
| EOY | 90027977 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 90928866 | BOY |
| EOY | 108797008 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1971096 | BOY |
| EOY | 2036974 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 208025711 | BOY |
| EOY | 229092252 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2466973 | BOY |
| EOY | 1547134 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 66888 | BOY |
| EOY | 409208 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5607505 | BOY |
| EOY | 7025509 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 465579 | BOY |
| EOY | 465579 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2111788 | BOY |
| EOY | 2286277 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10718733 | BOY |
| EOY | 11733707 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 127808809 | BOY |
| EOY | 131436857 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 17768386 | BOY |
| EOY | 25627850 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 51729783 | BOY |
| EOY | 60293838 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 197306978 | BOY |
| EOY | 217358545 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 208025711 | BOY |
| EOY | 229092252 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 10017415 | ReconcilationRevenueExpenses |
| Reconciliation Unrealized Invest | 10034152 | ReconciliationUnrealizedInvest |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Separate | X | FinancialStatementSeparate |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | true | AuditCommittee |
| Federal Grant Audit Required | false | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
| Public Support Pertcentage170 | 0.00000 | PublicSupportPertcentage170 |
| Public Support Percentage509 | 0.00000 | PublicSupportPercentage509 |
| Investment Income Percentage | 0.00000 | InvestmentIncomePercentage |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| 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) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Art Public Exhibition Amts ArtPublicExhibitionAmts
| Field | Value | IRS element (for citing) |
|---|---|---|
| Revenues Included | 82684 | RevenuesIncluded |
| Assets In Part X | 3650207 | AssetsInPartX |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Included On FS | false | IncludedOnFS |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 90928866 | BeginningOfYearBalance |
| Contributions | 8038336 | Contributions |
| Investment Earnings Or Losses | 14866431 | InvestmentEarningsOrLosses |
| Other Expenditures | 5036625 | OtherExpenditures |
| End Of Year Balance | 108797008 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 89917874 | BeginningOfYearBalance |
| Contributions | 9259467 | Contributions |
| Investment Earnings Or Losses | -3792323 | InvestmentEarningsOrLosses |
| Other Expenditures | 4456152 | OtherExpenditures |
| End Of Year Balance | 90928866 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 79660757 | BeginningOfYearBalance |
| Contributions | 1525749 | Contributions |
| Investment Earnings Or Losses | 12845892 | InvestmentEarningsOrLosses |
| Other Expenditures | 4114524 | OtherExpenditures |
| End Of Year Balance | 89917874 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 64874558 | BeginningOfYearBalance |
| Contributions | 9759120 | Contributions |
| Investment Earnings Or Losses | 8937577 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 255410 | GrantsOrScholarships |
| Other Expenditures | 3655088 | OtherExpenditures |
| End Of Year Balance | 79660757 | EndOfYearBalance |
Current Year Minus4 Years CurrentYearMinus4Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 79105493 | BeginningOfYearBalance |
| Contributions | 8496084 | Contributions |
| Investment Earnings Or Losses | -18757132 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 273755 | GrantsOrScholarships |
| Other Expenditures | 3696132 | OtherExpenditures |
| End Of Year Balance | 64874558 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.60000 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.28000 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.12000 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | false | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | false | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 13848261 | OtherCostOrOtherBasis |
| Book Value | 13848261 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 76848991 | OtherCostOrOtherBasis |
| Depreciation | 8358122 | Depreciation |
| Book Value | 68490869 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 10788112 | OtherCostOrOtherBasis |
| Depreciation | 6749472 | Depreciation |
| Book Value | 4038640 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 3650207 | OtherCostOrOtherBasis |
| Book Value | 3650207 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 90027977 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (2 entries)
| DescriptionDescription |
|---|
| Financial derivatives and other financial products |
| Closely-held equity interests |
Other Liabilities OtherLiabilities (19 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| Federal income taxes | |
| Split Interest Liabilities | $2,286,277 |
| 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. Discount rates ranged from 1.6 to 6.0 for gifts received through | |
| May 31, 2013. Contribution revenue recognized on these arrangements totaled | |
| approximately 840,000 and 1,041,000 for the years ended May 31, 2013 and 2012, | |
| respectively. |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 2286277 | TotalOfAmounts |
| Footnote In Part XIII | X | FootnoteInPartXIII |
| Tot Revenue Etc Audited Fincl Stmt | 37768060 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 10034152 | NetUnrealizedGainsInvestments |
| Revenue Not Rptd F990 | 10034152 | RevenueNotRptdF990 |
| Revenue Subtotal | 27733908 | RevenueSubtotal |
| Total Revenue Per Form990 | 27733908 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 17716493 | TotExpensesEtcAuditedFinclStmt |
| Expenses Subtotal | 17716493 | ExpensesSubtotal |
| Total Expenses Per Form990 | 17716493 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (4 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| 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 2010, 2011 and 2012 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 | true | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | true | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | false | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | true | MaintRacialCompositionRecords |
| Maint Scholarships Records | true | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | true | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | true | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | false | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | false | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | false | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | false | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | false | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | false | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | false | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | false | DiscriminateRaceOtherActy |
| Government Financial Aid Received | true | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | false | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | true | ComplianceWithRevProc7550 |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | Seson Gala Event | NameOfEvent1 |
| Gross Receipts Event1 | 404311 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 404311 | CharitableContributionsEvent1 |
| Food And Beverage Event1 | 25146 | FoodAndBeverageEvent1 |
| Other Direct Expenses Event1 | 19262 | OtherDirectExpensesEvent1 |
| Gross Receipts Total | 404311 | GrossReceiptsTotal |
| Charitable Contributions Total | 404311 | CharitableContributionsTotal |
| Food And Beverage Total Events | 25146 | FoodAndBeverageTotalEvents |
| Other Direct Expenses Total Events | 19262 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 44408 | DirectExpenseSummaryEvents |
| Net Income Summary | -44408 | NetIncomeSummary |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | true | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | Need based assistance to students | TypeOfGrant |
| Number Of Recipients | 123 | NumberOfRecipients |
| Amount Of Cash Grant | 345550 | AmountOfCashGrant |
| Amount Of Non Cash Assistance | 506539 | AmountOfNonCashAssistance |
| Method Of Valuation | Book | MethodOfValuation |
| Description Of Non Cash Assistance | Dormitory and cafeteria privileges | DescriptionOfNonCashAssistance |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | X | CompensationCommittee |
| Written Employment Contract | X | WrittenEmploymentContract |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | true | SeverancePayment |
| Supplemental Nonqual Retire Plan | false | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | false | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | false | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | false | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | false | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | false | AnyNonFixedPayments |
| Initial Contract Exception | false | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (3 entries)
| TitleTitle | Base Compensation Filing OrgBaseCompensationFilingOrg | Other Compensation Filing OrgOtherCompensationFilingOrg | Total Compensation Filing OrgTotalCompensationFilingOrg |
|---|---|---|---|
| Mr Roberto Diaz | |||
| President/Trustee | 387812 | 58170 | 445982 |
| Ms Elizabeth B Warshawer | |||
| Executive Vice President | 325428 | 48815 | 374243 |
| Dr John Mangan | |||
| Dean | 150734 | 35420 | 186154 |
Schedule M IRS990ScheduleM
Works Of Art WorksOfArt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 2 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 82684 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | Appraised values | MethodOfDeterminingRevenues |
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 17 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 1063115 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | Market values | MethodOfDeterminingRevenues |
Other Non Cash Contributions Table OtherNonCashContributionsTable (2 entries)
| Non Cash CheckboxNonCashCheckbox | DescriptionDescription | Number Of ContributionsNumberOfContributions | Noncash Contribs Rptd F990NoncashContribsRptdF990 | Method Of Determining RevenuesMethodOfDeterminingRevenues |
|---|---|---|---|---|
| X | Musical instruments | 5 | 106000 | Appraised values |
| X | Catering, flowers and rentals | 1 | 33535 | Market values |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | false | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | true | ReviewProcessUnusualNCGifts |
| Third Parties Used | false | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (7 entries)
| ExplanationExplanation |
|---|
| 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 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
Form990 Schedule R Part II Form990ScheduleRPartII
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Mary Louise Curtis Bok Foundation | BusinessNameLine1 |
Address US AddressUS
| 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 | PrimaryActivities |
| Legal Domicile State | PA | LegalDomicileState |
| Exempt Code Section | 501c3 | ExemptCodeSection |
| Public Charity Status | Public | PublicCharityStatus |
| Direct Controlling Entity NA | N/A | DirectControllingEntityNA |
| Controlled Org | false | ControlledOrg |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | false | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | false | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | true | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | false | LoansOrGuaranteesFromOtherOrg |
| Dividends Related Organization | false | DividendsRelatedOrganization |
| Sale Of Assets To Other Org | false | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | false | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | false | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | false | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | false | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | true | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | false | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | false | SharingOfFacilities |
| Sharing Of Paid Employees | false | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | true | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | false | OtherTransferToOtherOrg |
| Other Transfer From Other Org | false | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable
Name Of Other Organization NameOfOtherOrganization
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Mary Louise Curtis Bok Foundation | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transaction Type | c | TransactionType |
| Amount Involved | 4120955 | AmountInvolved |
| Method Of Amt Determination | Endowment Draw | MethodOfAmtDetermination |
Comments