2014-03-17T08:45:13-00:00 2013-05-31 990 2012-06-01 231585611 Curtis Institute of Music CURT 2157173134 1726 Locust Street Philadelphia PA 19103 Joseph Slater 2157173134 2014-03-14 false 2012 2015-11-30 17:44:51Z Same Roberto Diaz 1726 Locust Street Philadelphia PA 19103 73827195 false X Curtis.edu X 1924 PA 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. 50 45 478 85 0 15716407 21118883 1515980 1827154 2866423 4832279 160989 -44408 20259799 27733908 852089 0 7258071 7935233 0 1269824 8141826 8929171 15399897 17716493 4859902 10017415 208025711 229092252 10718733 11733707 197306978 217358545 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. false false 11745812 1827154 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. 11745812 true true false false false false false true false true true false false false true true true false true false false false false false true false false false true true false false false false false false false false true true false false false true false true false true 118 0 true 478 true false false false false false true true false false false false X 50 45 false false false false false false false true true false false true true true true true true true true false PA X X Joseph M Slater 2157173134 1726 Locust Street Philadelphia PA 19103 Mr HF Lenfest 001.00 000.50 X X 0 0 0 Mr Edward A Montgomery Jr 001.00 X X 0 0 0 Hr Alan R Hirsig 001.00 X X 0 0 0 Ms Deborah M Fretz 001.00 X X 0 0 0 Mrs Nina Albert 001.00 X 0 0 0 Mr Frank S Bayley 001.00 X 0 0 0 Mr Peter A Benoliel 001.00 X 0 0 0 Mrs Cary William Bok 001.00 000.50 X 0 0 0 Ms Victoria Bok 001.00 X 0 0 0 Mr Sheldon M Bonovitz 001.00 X 0 0 0 Dr Luther W Brady 001.00 X 0 0 0 Mrs Carolyn S Burger 001.00 X 0 0 0 Mr Jonathan Coopersmith 035.00 X 91398 0 21480 Mr Miles B Davis 001.00 X 0 0 0 Mr Roberto Diaz 035.00 X X 367812 0 58170 Mr Mikael Eliasen 035.00 X 113399 0 26650 Mr Joseph M Field 001.00 000.50 X 0 0 0 Mr Gordon B Fowler 001.00 X 0 0 0 Dr Bruse Jay Gould 001.00 X 0 0 0 Mr Scott M Jenkins 001.00 X 0 0 0 Ms Ida Kavafian 035.00 X 83004 0 19505 Ms Bobby Ellen Kimbel Phd 001.00 X 0 0 0 Mr James R Ledwith 001.00 000.50 X 0 0 0 Dr Bong S Lee 001.00 X 0 0 0 Mrs Lisa Liem 001.00 X 0 0 0 Mrs Sueyun P Locks 001.00 X 0 0 0 Dr David Ludwig 035.00 X 115930 0 27245 Mrs Christina Weiss Lurie 001.00 X 0 0 0 Mrs Betty H Matarese 001.00 X 0 0 0 Mr John H McFadden 001.00 X 0 0 0 Mr Frank J Mechura 001.00 X 0 0 0 Mr John J Medveckis 001.00 X 0 0 0 Dr Christopher B Merritt 001.00 X 0 0 0 Mr Thomas W Morris 001.00 X 0 0 0 Mr Robert H Mundheim 001.00 X 0 0 0 Mr John A Nyheim 001.00 X 0 0 0 Mr Shaun F O'Malley 001.00 X 0 0 0 Mr John G Papianou 001.00 X 0 0 0 Mr Albert E Piscopo 001.00 X 0 0 0 Mr Robert Pollack 001.00 X 0 0 0 Wr William H Roberts Esquire 001.00 X 0 0 0 Dr Milton L Rock 001.00 000.50 X 0 0 0 Mr Robert H Rock 001.00 X 0 0 0 Mr Mark E Rubenstein 001.00 X 0 0 0 Mr Brett Rubinson 001.00 X 0 0 0 Samuel R Shipley III 001.00 000.50 X 0 0 0 Mrs Amanda W Smoot 001.00 X 0 0 0 Mr Jay H Tolson 001.00 X 0 0 0 Baroness Nina Von Maltzan 001.00 X 0 0 0 Mrs Penelope P Watkins 001.00 X 0 0 0 Ms Elizabeth B Warshawer 035.00 X 325428 0 48815 Dr John Mangan 035.00 X 150734 0 35420 Mr Charles Sterne III 035.00 X 118871 0 27935 Ms Leslie Jacobson Kaye 035.00 X 111592 0 26225 Mr Joseph Slater 035.00 X 111280 0 26150 Ms Melinda Whiting 035.00 X 105158 0 24710 1694606 342305 11 false true false 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 12 404311 4120955 122176 16471441 1285334 21118883 Student Fees 681771 681771 Concert Income 519227 519227 Dormitory Revenue 626156 626156 1827154 2021943 2021943 48859215 46048879 2810336 2810336 2810336 404311 44408 -44408 -44408 27733908 1827154 4787871 0 852089 852089 0 0 0 0 6468320 4078768 1767282 622270 471272 287476 131956 51840 512109 312386 143390 56333 483532 294955 135389 53188 0 72077 72077 82434 82434 0 0 0 199696 199696 198194 41168 152551 4475 384136 99871 284265 0 1086633 656579 316262 113792 398811 342024 56787 0 0 0 2462106 1132569 1206432 123105 0 262222 152904 99196 10122 Fundraising expenses 234699 234699 Instructional expenses 2401588 2388894 12694 Dormitory expenses 1106129 1106129 40446 40446 0 17716493 11745812 4700857 1269824 1144946 1403890 4424355 3454478 20095369 22855744 289208 16059 366914 369233 108890 130889 105135571 15107594 88696067 90027977 90928866 108797008 1971096 2036974 208025711 229092252 2466973 1547134 66888 409208 5607505 7025509 465579 465579 2111788 2286277 10718733 11733707 X 127808809 131436857 17768386 25627850 51729783 60293838 197306978 217358545 208025711 229092252 X 10017415 10034152 X false true X true false X 0.00000 0.00000 0.00000 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 82684 3650207 false 90928866 8038336 14866431 5036625 108797008 89917874 9259467 -3792323 4456152 90928866 79660757 1525749 12845892 4114524 89917874 64874558 9759120 8937577 255410 3655088 79660757 79105493 8496084 -18757132 273755 3696132 64874558 0.60000 0.28000 0.12000 false false 13848261 13848261 76848991 8358122 68490869 10788112 6749472 4038640 3650207 3650207 90027977 Financial derivatives and other financial products Closely-held equity interests Federal income taxes Split Interest Liabilities 2286277 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. 2286277 X 37768060 10034152 10034152 27733908 27733908 17716493 17716493 17716493 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. true true false true true true true false false false false false false false false true false true Seson Gala Event 404311 404311 25146 19262 404311 404311 25146 19262 44408 -44408 true Need based assistance to students 123 345550 506539 Book Dormitory and cafeteria privileges X X X true false false false false false false false false Mr Roberto Diaz 387812 58170 445982 Ms Elizabeth B Warshawer 325428 48815 374243 Dr John Mangan 150734 35420 186154 X 2 82684 Appraised values X 17 1063115 Market values X Musical instruments 5 106000 Appraised values X Catering, flowers and rentals 1 33535 Market values false true false 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. Mary Louise Curtis Bok Foundation 1726 Locust Street Philadelphia PA 19103 236000615 Foundation PA 501c3 Public N/A false false false true false false false false false false false false true false false false false true false false Mary Louise Curtis Bok Foundation c 4120955 Endowment Draw