The Boston Conservatory: Form 990, tax year 2011

View the entire original 990 at ProPublica ↗

Organization
The Boston Conservatory (EIN 04-2126597)
Tax period
2011-07-01 to 2012-06-30
Filed
2013-05-14
IRS object ID
201341349349306439
Schema version
2011v1.5
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 ReturnHeader

FieldValueIRS element (for citing)
Timestamp2013-05-14T15:09:00-05:00Timestamp
Tax Period End Date2012-06-30TaxPeriodEndDate

Preparer Firm PreparerFirm

FieldValueIRS element (for citing)
EIN042571780EIN

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1ALEXANDER ARONSON FINNING & CO PCBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line121 EAST MAIN STREETAddressLine1
CityWESTBOROCity
StateMAState
ZIP Code01581ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnType
Tax Period Begin Date2011-07-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN042126597EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1THE BOSTON CONSERVATORYBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlBOSTNameControl
Phone6175366340Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line18 THE FENWAYAddressLine1
CityBOSTONCity
StateMAState
ZIP Code02215ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameRICHARD ORTNER PRESIDENTName
TitlePRESIDENTTitle
Phone6175366340Phone
Date Signed2013-05-13DateSigned
Authorize Third Party1AuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameTHOMAS WASHBURN CPAName
PTINP00537319PTIN
Phone5083669100Phone
Date Prepared2013-05-06DatePrepared
FieldValueIRS element (for citing)
Tax Year2011TaxYear
Build TS2016-02-24 21:20:13ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Name Of Principal Officer PersonRICHARD ORTNERNameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

FieldValueIRS element (for citing)
Address Line18 THE FENWAYAddressLine1
CityBOSTONCity
StateMAState
ZIP Code02215ZIPCode
FieldValueIRS element (for citing)
Gross Receipts38710677GrossReceipts
Group Return For Affiliates0GroupReturnForAffiliates
Organization501c3XOrganization501c3
Web SiteBOSTONCONSERVATORY.EDUWebSite
Type Of Organization CorporationXTypeOfOrganizationCorporation
Year Formation1927YearFormation
State Legal DomicileMAStateLegalDomicile
Activity Or Mission DescriptionTO EDUCATE EXCEPTIONAL PERFORMING ARTISTS FOR CAREERS THAT ENRICH AND TRANSFORM THE HUMAN EXPERIENCE BY USING SKILLS, CREATIVITY AND COURAGE NOURISHED IN OUR VIBRANT MULTI-DISCIPLINARY COMMUNITY OF MUSICIANS, DANCERS AND ACTORS.ActivityOrMissionDescription
Nbr Voting Members Governing Body29NbrVotingMembersGoverningBody
Nbr Independent Voting Members27NbrIndependentVotingMembers
Total Nbr Employees828TotalNbrEmployees
Total Nbr Volunteers200TotalNbrVolunteers
Total Gross UBI0TotalGrossUBI
Net Unrelated Business Txbl Income0NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year3988641ContributionsGrantsPriorYear
Contributions Grants Current Year1151890ContributionsGrantsCurrentYear
Program Service Revenue Prior Year29273378ProgramServiceRevenuePriorYear
Program Service Revenue CY30889304ProgramServiceRevenueCY
Investment Income Prior Year353987InvestmentIncomePriorYear
Investment Income Current Year249170InvestmentIncomeCurrentYear
Other Revenue Prior Year167186OtherRevenuePriorYear
Other Revenue Current Year460682OtherRevenueCurrentYear
Total Revenue Prior Year33783192TotalRevenuePriorYear
Total Revenue Current Year32751046TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year7593344GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY8248528GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year0BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY0BenefitsPaidToMembersCY
Salaries Etc Prior Year12647168SalariesEtcPriorYear
Salaries Etc Current Year13279430SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year48720TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY45675TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year706919TotalFundrsngExpCurrentYear
Other Expense Prior Year9961544OtherExpensePriorYear
Other Expenses Current Year9483714OtherExpensesCurrentYear
Total Expenses Prior Year30250776TotalExpensesPriorYear
Total Expenses Current Year31057347TotalExpensesCurrentYear
Revenues Less Expenses Prior Year3532416RevenuesLessExpensesPriorYear
Revenues Less Expenses CY1693699RevenuesLessExpensesCY
Total Assets BOY45034147TotalAssetsBOY
Total Assets EOY51562021TotalAssetsEOY
Total Liabilities BOY17257222TotalLiabilitiesBOY
Total Liabilities EOY24695727TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY27776925NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY26866294NetAssetsOrFundBalancesEOY
Mission DescriptionTO EDUCATE EXCEPTIONAL PERFORMING ARTISTS FOR CAREERS THAT ENRICH AND TRANSFORM THE HUMAN EXPERIENCE BY USING SKILLS, CREATIVITY AND COURAGE NOURISHED IN OUR VIBRANT MULTI-DISCIPLINARY COMMUNITY OF MUSICIANS, DANCERS AND ACTORS.MissionDescription
Significant New Program Services0SignificantNewProgramServices
Significant Change0SignificantChange
Expense27130167Expense
Grants8248528Grants
Revenue31366116Revenue
DescriptionA CONSERVATORY OF MUSIC, DANCE AND MUSIC THEATRE, SERVING OVER 740 STUDENTS, OFFERING DEGREES IN BACHELORS IN MUSIC, BACHELORS IN FINE ARTS, AND MASTERS IN MUSIC AND MUSIC EDUCATION.Description
Total Program Service Expense27130167TotalProgramServiceExpense
Described In501 C31DescribedIn501C3
Schedule B Required1ScheduleBRequired
Political Activities0PoliticalActivities
Lobbying Activities0LobbyingActivities
Subject To Proxy Tax0SubjectToProxyTax
Donor Advised Funds0DonorAdvisedFunds
Conservation Easements0ConservationEasements
Collections Of Art0CollectionsOfArt
Credit Counseling0CreditCounseling
Term Or Permanent Endowments1TermOrPermanentEndowments
Report Land Bldg Equip1ReportLandBldgEquip
Report Invest Oth Securities0ReportInvestOthSecurities
Report Prog Rel Invest0ReportProgRelInvest
Report Other Assets1ReportOtherAssets
Report Other Liabilities1ReportOtherLiabilities
Report Fin48 Footnote1ReportFin48Footnote
Independent Audit Financial Stmt0IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt1ConsolidatedAuditFinancialStmt
School1School
Foreign Office0ForeignOffice
Foreign Activities0ForeignActivities
More Than5000 K To Organizations0MoreThan5000KToOrganizations
More Than5000 K To Individuals0MoreThan5000KToIndividuals
Professional Fundraising1ProfessionalFundraising
Fundraising Activities1FundraisingActivities
Gaming0Gaming
Hospital0Hospital
Grants To Organizations0GrantsToOrganizations
Grants To Individuals1GrantsToIndividuals
Schedule J Required1ScheduleJRequired
Tax Exempt Bonds1TaxExemptBonds
Invest Tax Exempt Bonds0InvestTaxExemptBonds
Escrow Account0EscrowAccount
On Behalf Of Issuer0OnBehalfOfIssuer
Excess Benefit Transaction0ExcessBenefitTransaction
Prior Excess Benefit Transaction0PriorExcessBenefitTransaction
Loan To Officer Or DQP0LoanToOfficerOrDQP
Grant To Related Person0GrantToRelatedPerson
Bsnss Rltnshp With Organization0BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member0BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp0OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions1DeductibleNonCashContributions
Deductible Contributions Of Art0DeductibleContributionsOfArt
Terminated0Terminated
Partial Liquidation0PartialLiquidation
Disregarded Entity0DisregardedEntity
Related Entity1RelatedEntity
Related Org Controlled Entity0RelatedOrgControlledEntity
Transaction Related Entity0TransactionRelatedEntity
Transfers To Exempt Non Chrtbl Org0TransfersToExemptNonChrtblOrg
Activities Conducted Partnership0ActivitiesConductedPartnership
Schedule O Required1ScheduleORequired
Number Forms Transmitted With1096350NumberFormsTransmittedWith1096
Number W2 G Included0NumberW2GIncluded
Compliance With Backup Witholding1ComplianceWithBackupWitholding
Number Of Employees828NumberOfEmployees
Employment Tax Returns Filed1EmploymentTaxReturnsFiled
Unrelated Business Income0UnrelatedBusinessIncome
Foreign Financial Account0ForeignFinancialAccount
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTrans
Taxable Party Notification0TaxablePartyNotification
Non Deductible Contributions0NonDeductibleContributions
Quid Pro Quo Contributions1QuidProQuoContributions
Quid Pro Quo Disclosure1QuidProQuoDisclosure
Form8282 Property Disposed Of0Form8282PropertyDisposedOf
Funds To Pay Premiums0FundsToPayPremiums
Premiums Paid0PremiumsPaid
Indoor Tanning Services0IndoorTanningServices
Info In Schedule O Part VIXInfoInScheduleOPartVI
Nbr Voting Governing Body Members29NbrVotingGoverningBodyMembers
Number Independent Voting Members27NumberIndependentVotingMembers
Family Or Business Relationship0FamilyOrBusinessRelationship
Delegation Of Management Duties0DelegationOfManagementDuties
Changes To Organizing Docs0ChangesToOrganizingDocs
Material Diversion Or Misuse0MaterialDiversionOrMisuse
Members Or Stockholders0MembersOrStockholders
Election Of Board Members0ElectionOfBoardMembers
Decisions Subject To Approval0DecisionsSubjectToApproval
Minutes Of Governing Body1MinutesOfGoverningBody
Minutes Of Committees1MinutesOfCommittees
Officer Mailing Address0OfficerMailingAddress
Local Chapters0LocalChapters
Form990 Provided To Governing Body1Form990ProvidedToGoverningBody
Conflict Of Interest Policy1ConflictOfInterestPolicy
Annual Disclosure Covered Persons1AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement1RegularMonitoringEnforcement
Whistleblower Policy1WhistleblowerPolicy
Document Retention Policy0DocumentRetentionPolicy
Compensation Process CEO1CompensationProcessCEO
Compensation Process Other1CompensationProcessOther
Investment In Joint Venture0InvestmentInJointVenture
States Where Copy Of Return Is FiledMAStatesWhereCopyOfReturnIsFiled
Other WebsiteXOtherWebsite
Upon RequestXUponRequest

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

FieldValueIRS element (for citing)
Business Name Line1ERIC NORMAN VP OF FINANCE AND PLANNINGBusinessNameLine1
FieldValueIRS element (for citing)
Telephone Number6175366340TelephoneNumber

Address US AddressUS

FieldValueIRS element (for citing)
Address Line18 THE FENWAYAddressLine1
CityBOSTONCity
StateMAState
ZIP Code02215ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (37 entries)

TitleTitleAverage Hours Per WeekAverageHoursPerWeekIndividual Trustee Or DirectorIndividualTrusteeOrDirectorOfficerOfficerReportable Comp From OrganizationReportableCompFromOrganizationReportable Comp From Related OrgsReportableCompFromRelatedOrgsOther CompensationOtherCompensationHighest Compensated EmployeeHighestCompensatedEmployee
RICHARD ORTNER
PRESIDENT40.00XX408839019936
ALFRED D HOUSTON
CHAIRMAN1.00XX000
CURTIS R KEMENY
VICE CHAIRMAN1.00XX000
KIRK L RAMSAUER
TREASURER1.00XX000
MIMI HEWLETT
TRUSTEE1.00X000
RON ANCRUM
TRUSTEE1.00X000
ELIZABETH S BOVEROUX
TRUSTEE1.00X000
DAVI-ELLEN CHABNER
TRUSTEE1.00X000
CAROLINE M COLLINGS
TRUSTEE1.00X000
CYNTHIA CURME
TRUSTEE1.00X000
JOANNE W DICKINSON
TRUSTEE1.00X000
DIANA DOHRMANN
TRUSTEE1.00X000
GAIL S FLATTO
TRUSTEE1.00X000
JEFFREY HALSAVER
TRUSTEE1.00X000
JANET S KERSHAW
TRUSTEE1.00X000
BJ KRINTZMAN
TRUSTEE1.00X000
MICHAEL LONGTHORNE
TRUSTEE1.00X000
KELLY C MCKERNAN
TRUSTEE1.00X000
JOSEPH MCNAY
TRUSTEE1.00X000
GARY R MIKULA
TRUSTEE1.00X000
CHARLOTTE P NEWTON
TRUSTEE1.00X000
ANTHONY PANGARO
TRUSTEE1.00X000
SUZANNE H ROLLERT
TRUSTEE1.00X000
DAVID SCOTT SLOAN
TRUSTEE1.00X000
ANDY VORES
FACULTY TRUSTEE1.00X94777013012
PETER J WENDER
TRUSTEE1.00X000
GEORGE C WHITE
TRUSTEE1.00X000
MARILLYN ZACHARIS
TRUSTEE1.00X000
KATHLEEN LAMAGNA
STUDENT TRUSTEE1.00X000
JOSEPH EDWARDS
CLERK1.00XX8654308796
CHARLES PETIT
FORMER CFO40.00X109556014000
ERIC NORMAN
VP OF FINANCE AND PLANNING40.00X6385403618
PATRICIA HOY
VP OF ACADEMIC AFFAIRS40.00159950015210X
KARL PAULNACK
DIRECTOR MUSIC DIVISION40.00105295014414X
CARMEN GRIGGS
VP ADMINISTRATION40.00104768014715X
NEIL DONOHOE
DIRECTOR THEATER DIVISION40.00109667014511X
EILEEN MENY
DIRECTOR OF DEVELOPMENT40.00113575011885X
FieldValueIRS element (for citing)
Total Reportable Comp From Org1356824TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs0TotalReportableCompFrmRltdOrgs
Total Other Compensation130097TotalOtherCompensation
Number Individuals GT100 K7NumberIndividualsGT100K
Formers Listed0FormersListed
Total Comp GT150 K1TotalCompGT150K
Compensation From Other Sources0CompensationFromOtherSources

Contractor Compensation ContractorCompensation (5 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1CityAddressOfContractor/AddressUS/CityStateAddressOfContractor/AddressUS/StateZIP CodeAddressOfContractor/AddressUS/ZIPCodeDescription Of ServicesDescriptionOfServicesCompensationCompensation
NORTHEASTERN UNIVERSITY
360 HUNTINGTON AVEBOSTONMA02115GYM/FITNESS/FOOD SERVICE1202145
UGL UNICCO
275 GROVE ST SUITE 3-200AUBURNDALEMA02466HOUSEKEEPING721129
ABICHAKER BUILDING TECHNOLOGY
151 STRATFORD STWEST ROXBURYMA02132CONSTRUCTION567865
LONGWOOD SECURITY SERVICES INC
2 BROOKLINE PLACE SUITE 203BROOKLINEMA02445SECURITY368795
THE GRAPHIC GROUP INC
203 MIDDLESEX TURNPIKEBURLINGTONMA01803GRAPHIC DESIGN123952
FieldValueIRS element (for citing)
Number Of Contractors GT100 K6NumberOfContractorsGT100K
Fundraising Events269500FundraisingEvents
All Other Contributions882390AllOtherContributions
Noncash Contributions118262NoncashContributions
Total Contributions1151890TotalContributions

Program Service Revenue ProgramServiceRevenue (4 entries)

DescriptionDescriptionBusiness CodeBusinessCodeTotal Revenue ColumnTotalRevenueColumnRelated Or Exempt Function IncomeRelatedOrExemptFunctionIncome
TUITION AND FEES6111102731549727315497
ROOM & BOARD61111030215683021568
PERFORMANCE & PROGRAMS611110536879536879
OTHER AUXILLARY INCOME6111101536015360
FieldValueIRS element (for citing)
Total Program Service Revenue30889304TotalProgramServiceRevenue

Investment Income InvestmentIncome

FieldValueIRS element (for citing)
Total Revenue Column138204TotalRevenueColumn
Exclusion$138,204ExclusionAmount

Gross Rents GrossRents

FieldValueIRS element (for citing)
Real54105Real

Less Rental Expenses LessRentalExpenses

FieldValueIRS element (for citing)
Real0Real

Rental Income Or Loss RentalIncomeOrLoss

FieldValueIRS element (for citing)
Real54105Real

Net Rental Income Or Loss NetRentalIncomeOrLoss

FieldValueIRS element (for citing)
Total Revenue Column54105TotalRevenueColumn
Exclusion$54,105ExclusionAmount

Gross Amount Sales Assets GrossAmountSalesAssets

FieldValueIRS element (for citing)
Securities5980337Securities

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

FieldValueIRS element (for citing)
Securities5869371Securities

Gain Or Loss GainOrLoss

FieldValueIRS element (for citing)
Securities110966Securities

Net Gain Or Loss Investments NetGainOrLossInvestments

FieldValueIRS element (for citing)
Total Revenue Column110966TotalRevenueColumn
Exclusion$110,966ExclusionAmount
FieldValueIRS element (for citing)
Gross Income Fundraising Events20025GrossIncomeFundraisingEvents
Cntrbtns Rprtd Fundraising Events269500CntrbtnsRprtdFundraisingEvents
Fundraising Direct Expenses90260FundraisingDirectExpenses

Net Income From Fundraising Events NetIncomeFromFundraisingEvents

FieldValueIRS element (for citing)
Total Revenue Column-70235TotalRevenueColumn
Exclusion-$70,235ExclusionAmount

Other Revenue Misc OtherRevenueMisc (2 entries)

DescriptionDescriptionBusiness CodeBusinessCodeTotal Revenue ColumnTotalRevenueColumnRelated Or Exempt Function IncomeRelatedOrExemptFunctionIncome
MISCELLANEOUS INCOME900099387303387303
BAD DEBT RECOVERY9000998950989509
FieldValueIRS element (for citing)
Total Other Revenue476812TotalOtherRevenue

Total Revenue TotalRevenue

FieldValueIRS element (for citing)
Total Revenue Column32751046TotalRevenueColumn
Related Or Exempt Function Income31366116RelatedOrExemptFunctionIncome
Unrelated Business Revenue0UnrelatedBusinessRevenue
Exclusion$233,040ExclusionAmount

Grants To Domestic Individuals GrantsToDomesticIndividuals

FieldValueIRS element (for citing)
Total8248528Total
Program Services8248528ProgramServices

Comp Current Officers Directors CompCurrentOfficersDirectors

FieldValueIRS element (for citing)
Total542623Total
Management And General304340ManagementAndGeneral
Fundraising238283Fundraising

Other Salaries And Wages OtherSalariesAndWages

FieldValueIRS element (for citing)
Total10685237Total
Program Services9066503ProgramServices
Management And General1421491ManagementAndGeneral
Fundraising197243Fundraising

Pension Plan Contributions PensionPlanContributions

FieldValueIRS element (for citing)
Total357813Total
Program Services297572ProgramServices
Management And General52383ManagementAndGeneral
Fundraising7858Fundraising

Other Employee Benefits OtherEmployeeBenefits

FieldValueIRS element (for citing)
Total828125Total
Program Services720035ProgramServices
Management And General98577ManagementAndGeneral
Fundraising9513Fundraising

Payroll Taxes PayrollTaxes

FieldValueIRS element (for citing)
Total865632Total
Program Services725801ProgramServices
Management And General106313ManagementAndGeneral
Fundraising33518Fundraising

Fees For Services Legal FeesForServicesLegal

FieldValueIRS element (for citing)
Total118973Total
Program Services16658ProgramServices
Management And General102315ManagementAndGeneral

Fees For Services Accounting FeesForServicesAccounting

FieldValueIRS element (for citing)
Total63957Total
Program Services83ProgramServices
Management And General63874ManagementAndGeneral

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total45675Total
Fundraising45675Fundraising

Fees For Services Other FeesForServicesOther

FieldValueIRS element (for citing)
Total169935Total
Program Services58535ProgramServices
Management And General76790ManagementAndGeneral
Fundraising34610Fundraising

Advertising Advertising

FieldValueIRS element (for citing)
Total201000Total
Program Services121153ProgramServices
Management And General73070ManagementAndGeneral
Fundraising6777Fundraising

Office Expenses OfficeExpenses

FieldValueIRS element (for citing)
Total320407Total
Program Services198607ProgramServices
Management And General73595ManagementAndGeneral
Fundraising48205Fundraising

Information Technology InformationTechnology

FieldValueIRS element (for citing)
Total172651Total
Program Services114220ProgramServices
Management And General58095ManagementAndGeneral
Fundraising336Fundraising

Occupancy Occupancy

FieldValueIRS element (for citing)
Total1785173Total
Program Services1703962ProgramServices
Management And General81197ManagementAndGeneral
Fundraising14Fundraising

Travel Travel

FieldValueIRS element (for citing)
Total297215Total
Program Services274805ProgramServices
Management And General14491ManagementAndGeneral
Fundraising7919Fundraising

Interest Interest

FieldValueIRS element (for citing)
Total654959Total
Program Services652665ProgramServices
Management And General2264ManagementAndGeneral
Fundraising30Fundraising

Depreciation Depletion DepreciationDepletion

FieldValueIRS element (for citing)
Total917466Total
Program Services894985ProgramServices
Management And General22481ManagementAndGeneral

Insurance Insurance

FieldValueIRS element (for citing)
Total254082Total
Program Services3902ProgramServices
Management And General250180ManagementAndGeneral

Other Expenses OtherExpenses (4 entries)

DescriptionDescriptionTotalTotalProgram ServicesProgramServicesManagement And GeneralManagementAndGeneralFundraisingFundraising
FOOD SERVICES134265913003182041021931
MAINTENANCE AND HOUSEKE883459883459
EVENTS7987467460282214230576
REPAIRS AND MAINTENANCE47984438189197753200

All Other Expenses AllOtherExpenses

FieldValueIRS element (for citing)
Total1023188Total
Program Services720457ProgramServices
Management And General278500ManagementAndGeneral
Fundraising24231Fundraising

Total Functional Expenses TotalFunctionalExpenses

FieldValueIRS element (for citing)
Total31057347Total
Program Services27130167ProgramServices
Management And General3220261ManagementAndGeneral
Fundraising706919Fundraising

Cash Non Interest Bearing CashNonInterestBearing

FieldValueIRS element (for citing)
BOY541995BOY
EOY1917148EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

FieldValueIRS element (for citing)
BOY606155BOY
EOY500008EOY

Pledges And Grants Receivable PledgesAndGrantsReceivable

FieldValueIRS element (for citing)
BOY3541644BOY
EOY2326212EOY

Accounts Receivable AccountsReceivable

FieldValueIRS element (for citing)
BOY254198BOY
EOY155509EOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

FieldValueIRS element (for citing)
BOY55627BOY
EOY77262EOY

Inventories For Sale Or Use InventoriesForSaleOrUse

FieldValueIRS element (for citing)
BOY15564BOY
EOY15564EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

FieldValueIRS element (for citing)
BOY555947BOY
EOY573005EOY
FieldValueIRS element (for citing)
Land Buildings Equipment Basis17795347LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec12084476LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

FieldValueIRS element (for citing)
BOY6114106BOY
EOY5710871EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

FieldValueIRS element (for citing)
BOY8217924BOY
EOY9170386EOY

Other Assets Total OtherAssetsTotal

FieldValueIRS element (for citing)
BOY25130987BOY
EOY31116056EOY

Total Assets TotalAssets

FieldValueIRS element (for citing)
BOY45034147BOY
EOY51562021EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

FieldValueIRS element (for citing)
BOY1525124BOY
EOY1864987EOY

Deferred Revenue DeferredRevenue

FieldValueIRS element (for citing)
BOY1504549BOY
EOY2225564EOY

Tax Exempt Bond Liabilities TaxExemptBondLiabilities

FieldValueIRS element (for citing)
BOY14020866BOY
EOY20500348EOY

Other Liabilities OtherLiabilities

FieldValueIRS element (for citing)
BOY206683BOY
EOY104828EOY

Total Liabilities TotalLiabilities

FieldValueIRS element (for citing)
BOY17257222BOY
EOY24695727EOY
FieldValueIRS element (for citing)
Follow SFAS117XFollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

FieldValueIRS element (for citing)
BOY21895011BOY
EOY21845935EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

FieldValueIRS element (for citing)
BOY5516774BOY
EOY4654179EOY

Permanently Restricted Net Assets PermanentlyRestrictedNetAssets

FieldValueIRS element (for citing)
BOY365140BOY
EOY366180EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY27776925BOY
EOY26866294EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY45034147BOY
EOY51562021EOY
FieldValueIRS element (for citing)
Info In Schedule O Part XIXInfoInScheduleOPartXI
Reconcilation Revenue Expenses1693699ReconcilationRevenueExpenses
Reconcilation Other Changes-2604330ReconcilationOtherChanges
Info In Schedule O Part XIIXInfoInScheduleOPartXII
Method Of Accounting AccrualXMethodOfAccountingAccrual
Accountant Compile Or Review0AccountantCompileOrReview
FS Audited1FSAudited
Audit Committee1AuditCommittee
Financial Statement ConsolidatedXFinancialStatementConsolidated
Federal Grant Audit Required1FederalGrantAuditRequired
Federal Grant Audit Performed1FederalGrantAuditPerformed

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
School170b1 AiiXSchool170b1Aii

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

FieldValueIRS element (for citing)
Contributor NumberRESTRICTEDContributorNumber

Contributor Name Business ContributorNameBusiness

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor Address US ContributorAddressUS

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Aggregate ContributionsRESTRICTEDAggregateContributions

Schedule D IRS990ScheduleD

Current Year CurrentYear

FieldValueIRS element (for citing)
Beginning Of Year Balance8210529BeginningOfYearBalance
Contributions736827Contributions
Investment Earnings Or Losses319230InvestmentEarningsOrLosses
Grants Or Scholarships63500GrantsOrScholarships
Administrative Expenses31979AdministrativeExpenses
End Of Year Balance9171107EndOfYearBalance

Current Year Minus1 Year CurrentYearMinus1Year

FieldValueIRS element (for citing)
Beginning Of Year Balance6808887BeginningOfYearBalance
Contributions868860Contributions
Investment Earnings Or Losses617922InvestmentEarningsOrLosses
Grants Or Scholarships48600GrantsOrScholarships
Administrative Expenses36540AdministrativeExpenses
End Of Year Balance8210529EndOfYearBalance

Current Year Minus2 Years CurrentYearMinus2Years

FieldValueIRS element (for citing)
Beginning Of Year Balance4536887BeginningOfYearBalance
Contributions1964662Contributions
Investment Earnings Or Losses368791InvestmentEarningsOrLosses
Grants Or Scholarships47600GrantsOrScholarships
Administrative Expenses13853AdministrativeExpenses
End Of Year Balance6808887EndOfYearBalance

Current Year Minus3 Years CurrentYearMinus3Years

FieldValueIRS element (for citing)
Beginning Of Year Balance5391975BeginningOfYearBalance
Contributions135026Contributions
Investment Earnings Or Losses-871779InvestmentEarningsOrLosses
Grants Or Scholarships63600GrantsOrScholarships
Administrative Expenses54735AdministrativeExpenses
End Of Year Balance4536887EndOfYearBalance
FieldValueIRS element (for citing)
Board Designated EOY Balance0.64760BoardDesignatedEOYBalance
Permanent Endowment EOY Balance0.35240PermanentEndowmentEOYBalance
Endowments Held By Unrelated Orgs0EndowmentsHeldByUnrelatedOrgs
Endowments Held By Related Orgs0EndowmentsHeldByRelatedOrgs

Land Land

FieldValueIRS element (for citing)
Other Cost Or Other Basis80161OtherCostOrOtherBasis
Book Value80161BookValue

Buildings Buildings

FieldValueIRS element (for citing)
Other Cost Or Other Basis11199622OtherCostOrOtherBasis
Depreciation7124121Depreciation
Book Value4075501BookValue

Leasehold Improvements LeaseholdImprovements

FieldValueIRS element (for citing)
Other Cost Or Other Basis1158503OtherCostOrOtherBasis
Depreciation798614Depreciation
Book Value359889BookValue

Equipment Equipment

FieldValueIRS element (for citing)
Other Cost Or Other Basis5357061OtherCostOrOtherBasis
Depreciation4161741Depreciation
Book Value1195320BookValue
FieldValueIRS element (for citing)
Total Of Book Value Land Buildings5710871TotalOfBookValueLandBuildings

Other Assets OtherAssets (4 entries)

DescriptionDescriptionBook ValueBookValue
REALTY CORPORATION RECEIVABLE2729271
LEVERAGE LOAN RECEIVABLE AND INTEREST21887242
CONSTRUCTION IN PROCESS6125041
DEBT ISSUE COSTS, NET374502
FieldValueIRS element (for citing)
Total Book Value Other Assets31116056TotalBookValueOtherAssets

Other Liabilities OtherLiabilities

FieldValueIRS element (for citing)
DescriptionCAPITAL LEASE OBLIGATIONDescription
Amount$104,828Amount
FieldValueIRS element (for citing)
Total Of Amounts104828TotalOfAmounts
Total Revenue32751046TotalRevenue
Total Expenses31057347TotalExpenses
Excess Or Deficit For Year1693699ExcessOrDeficitForYear
Net Unrealized GL On Investments74618NetUnrealizedGLOnInvestments
Other-$2,678,948OtherAmount
Total Adjustments-2604330TotalAdjustments
Excess Or Deficit Per FS-910631ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt24667396TotRevenueEtcAuditedFinclStmt
Net Unrealized Gains Investments74618NetUnrealizedGainsInvestments
Other Revenues90260OtherRevenues
Revenue Not Rptd F990164878RevenueNotRptdF990
Revenue Subtotal24502518RevenueSubtotal
Other Revenues Not Included8248528OtherRevenuesNotIncluded
Revenue Not Rptd On Fin Stmt8248528RevenueNotRptdOnFinStmt
Total Revenue Per Form99032751046TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt22899079TotExpensesEtcAuditedFinclStmt
Other Expenses Included90260OtherExpensesIncluded
Expenses Not Rptd F99090260ExpensesNotRptdF990
Expenses Subtotal22808819ExpensesSubtotal
Other Expenses Not Included8248528OtherExpensesNotIncluded
Expenses Not Rptd On Fin Stmt8248528ExpensesNotRptdOnFinStmt
Total Expenses Per Form99031057347TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV (7 entries)

IdentifierIdentifierReturn ReferenceReturnReferenceExplanationExplanation
DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS:PART V, LINE 4:THE MAJORITY OF THE CONSERVATORY'S ENDOWMENT FUNDS ARE FOR SCHOLARSHIPS.
DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:PART X:THE STANDARDS FOR ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES REQUIRE THE CONSERVATORY TO REPORT ANY UNCERTAIN TAX POSITIONS AND TO ADJUST ITS FINANCIAL STATEMENTS FOR THE IMPACT THEREOF. AS OF JUNE 30, 2012, THE CONSERVATORY DETERMINED THAT IT HAD NO TAX POSITIONS THAT DID NOT MEET THE "MORE LIKELY THAN NOT" THRESHOLD OF BEING SUSTAINED BY THE APPLICABLE TAX AUTHORITY. THE CONSERVATORY FILES TAX AND INFORMATION RETURNS IN THE UNITED STATES FEDERAL AND MASSACHUSETTS STATE JURISDICTIONS. THESE RETURNS ARE GENERALLY SUBJECT TO EXAMINATION BY TAX AUTHORITIES FOR THE LAST THREE YEARS.
PART XI, LINE 8 - OTHER ADJUSTMENTS:WRITE-OFF OF DEBT ISSUE COSTS -541,667. LOSS ON DEBT EXTINGUISHMENT -2,088,734. NET EFFECT OF TRANSFER OF DEBT ISSUE COSTS BETWEEN COMPANIES -48,547. TOTAL TO SCHEDULE D, PART XI, LINE 8: -2,678,948.
PART XII, LINE 2D - OTHER ADJUSTMENTS:SPECIAL EVENT EXPENSES NET WITH REVENUE ON THE 990 90,260.
PART XII, LINE 4B - OTHER ADJUSTMENTS:STUDENT FINANCIAL AID NET WITH REVENUE ON THE AUDIT 8,248,528.
PART XIII, LINE 2D - OTHER ADJUSTMENTS:SPECIAL EVENT EXPENSES NET WITH REVENUE ON THE 990 90,260.
PART XIII, LINE 4B - OTHER ADJUSTMENTS:STUDENT FINANCIAL AID NET WITH REVENUE ON THE AUDIT 8,248,528.

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy Stmt1NondiscriminatoryPolicyStmt
Policy Statement In Brochures Etc1PolicyStatementInBrochuresEtc
Policy Publ Via Broadcast Media1PolicyPublViaBroadcastMedia
Maint Racial Composition Records1MaintRacialCompositionRecords
Maint Scholarships Records1MaintScholarshipsRecords
Maint Copies Of Brochures Etc1MaintCopiesOfBrochuresEtc
Maint Copies Of All Solicitations1MaintCopiesOfAllSolicitations
Discriminate Race Students Rights0DiscriminateRaceStudentsRights
Discriminate Race Admiss Policies0DiscriminateRaceAdmissPolicies
Discriminate Race Emplmn Faculty0DiscriminateRaceEmplmnFaculty
Discriminate Race Scholarships0DiscriminateRaceScholarships
Discriminate Race Educ Policies0DiscriminateRaceEducPolicies
Discriminate Race Use Of Fclts0DiscriminateRaceUseOfFclts
Discriminate Race Athletic Prog0DiscriminateRaceAthleticProg
Discriminate Race Other Acty0DiscriminateRaceOtherActy
Government Financial Aid Received1GovernmentFinancialAidReceived
Government Financial Aid Revoked0GovernmentFinancialAidRevoked
Compliance With Rev Proc75501ComplianceWithRevProc7550

Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)

IdentifierIdentifierReturn ReferenceReturnReferenceExplanationExplanation
EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATIONSCHEDULE E, PART I, LINE 3THE COLLEGE INCLUDED A STATEMENT OF ITS RACIALLY NONDISCRIMINATORY POLICY REGARDING STUDENTS IN ALL BROCHURES AND CATALOGS DEALING WITH STUDENT ADMISSIONS, PROGRAMS AND SCHOLARSHIPS. THE COLLEGE CUSTOMARILY DRAWS A SUBSTANTIAL PERCENTAGE OF ITS STUDENTS NATIONWIDE AND WORLDWIDE. FURTHER, THE COLLEGE INCLUDES A REFERENCE TO ITS RACIALLY NONDISCRMINIATORY POLICY IN OTHER WRITTEN ADVERTISING USED AS A MEANS OF INFORMING PROSPECTIVE STUDENTS OF ITS PROGRAMS.
EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCESCHEDULE E, PART I, LINE 6THE COLLEGE PARTICIPATES IN THE STUDENT FINANCIAL ASSISTANCE PROGRAMS OF THE DEPARTMENT OF EDUCATION AND RECEIVED FUNDS FOR THE FOLLOWING PROGRAMS: FEDERAL FAMILY EDUCATION LOANS FEDERAL WORK STUDY FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT FEDERAL PELL GRANT AID FROM STATE AGENCIES IN ADDITION TO THE ABOVE FEDERAL FINANCIAL AID PROGRAMS, THE COLLEGE PARTICIPATES AND RECEIVED STATE GRANTS FOR ITS STUDENTS FROM VARIOUS STATES INCLUDING: MASSACHUSETTS NEW HAMPSHIRE VERMONT PENNSYLVANIA WASHINGTON, D.C.

Schedule G IRS990ScheduleG

FieldValueIRS element (for citing)
Mail SolicitationsXMailSolicitations
Email SolicitationsXEmailSolicitations
Phone SolicitationsXPhoneSolicitations
In Person SolicitationsXInPersonSolicitations
Solicitation Of Non Govt GrantsXSolicitationOfNonGovtGrants
Solicitation Of Govt GrantsXSolicitationOfGovtGrants
Special Fundraising EventsXSpecialFundraisingEvents
Agreement Ref Fundraising1AgreementRefFundraising

Fundraiser Activity Information FundraiserActivityInformation

FieldValueIRS element (for citing)
Name Of IndividualMARY GIURLEONameOfIndividual

Address US AddressUS

FieldValueIRS element (for citing)
Address Line15 POLAR BEAR DRIVEAddressLine1
CityWESTFORDCity
StateMAState
ZIP Code01886ZIPCode
FieldValueIRS element (for citing)
ActivityGRANTSWRITERActivity
Fundraiser Control Of Funds0FundraiserControlOfFunds
Gross Receipts1127057GrossReceipts
Amount Retained By Contractor45645AmountRetainedByContractor
Net To Organization1081412NetToOrganization
FieldValueIRS element (for citing)
Total Gross Receipts1127057TotalGrossReceipts
Total Retained By Contractors45645TotalRetainedByContractors
Total Net To Organization1081412TotalNetToOrganization
Licensed StatesMALicensedStates

Events Information EventsInformation

FieldValueIRS element (for citing)
Name Of Event1GALANameOfEvent1
Gross Receipts Event1289525GrossReceiptsEvent1
Charitable Contributions Event1269500CharitableContributionsEvent1
Gross Revenue Event120025GrossRevenueEvent1
Rent Facility Costs Event16664RentFacilityCostsEvent1
Food And Beverage Event126262FoodAndBeverageEvent1
Other Direct Expenses Event157334OtherDirectExpensesEvent1
Gross Receipts Total289525GrossReceiptsTotal
Charitable Contributions Total269500CharitableContributionsTotal
Gross Revenue Total Events20025GrossRevenueTotalEvents
Rent Facility Costs Total Events6664RentFacilityCostsTotalEvents
Food And Beverage Total Events26262FoodAndBeverageTotalEvents
Other Direct Expenses Total Events57334OtherDirectExpensesTotalEvents
Direct Expense Summary Events90260DirectExpenseSummaryEvents
Net Income Summary-70235NetIncomeSummary

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Records Maintained1RecordsMaintained

Form990 Schedule I Part III Form990ScheduleIPartIII (12 entries)

Type Of GrantTypeOfGrantNumber Of RecipientsNumberOfRecipientsAmount Of Cash GrantAmountOfCashGrant
ALFRED LEE SCHOLARSHIP13500
PRESSER SCHOLARSHIP14800
WILLIAM SEYMOUR SCHOLARSHIP12000
CHURCHILL SCHOLARSHIP113000
JAN VEEN SCHOLARSHIP1327948
TUITION REMISSION12150745
BOSTON CONSERVATORY GRANT63338910
BOSTON CONSERVATORY SCHOLARSHIP4827403526
MUSIC EDUCATION SCHOLARSHIP3542485
MUSIC EDUCATION TUITION ASSISTANCE GRANT3549719
TUITION ASSISTANCE GRANT2680396
MISCELLANEOUS PRIVATE SCHOLARSHIPS42131499

Form990 Schedule I Part IV Form990ScheduleIPartIV

FieldValueIRS element (for citing)
IdentifierPROCEDURE FOR MONITORING GRANTS IN THE U.S.:Identifier
Return ReferencePART I, LINE 2:ReturnReference
ExplanationSCHEDULE I, PART I, LINE 2: FEDERAL FUNDS ARE MONITORED AS FOLLOWS: THE DIRECTOR OF FINANCIAL AID DETERMINES STUDENT ELIGIBILITY FOR PELL, SEOG, FWS, ACG AND FEDERAL LOANS. THE DIRECTOR OF FINANCIAL AID POST STUDENT AWARDS INTO THE INTEGRATED STUDENT RECORD SYSTEM. THE BURSAR PRINTS AND DISTRIBUTES THE BILLING STATEMENT WHICH LISTS FEDERAL AWARDS. THE DIRECTOR OF FINANCIAL AID DRAWS DOWN FUNDING FROM THE FEDERAL WEBSITE. THE DIRECTOR OF FINANCIAL AID AND BURSAR POST THE FEDERAL FUNDS TO THE STUDENT ACCOUNT IN THE STUDENT RECORD SYSTEM. THE SENIOR ACCOUNTANT PREPARES AND RECORDS THE JOURNAL ENTRY TO RECORD THE CASH RECEIPT. THE DIRECTOR OF FINANCE REVIEWS AND RECONCILES THE STUDENT ACCOUNTS RECEIVABLE FROM THE GENERAL LEDGER TO THE BILLING SYSTEM.Explanation

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Housing Allowance Or ResidenceXHousingAllowanceOrResidence
Written Policy Re T And E Expenses1WrittenPolicyReTAndEExpenses
Substantiation Required1SubstantiationRequired
Compensation CommitteeXCompensationCommittee
Form990 Of Other OrganizationsXForm990OfOtherOrganizations
Written Employment ContractXWrittenEmploymentContract
Compensation SurveyXCompensationSurvey
Board Or Committee ApprovalXBoardOrCommitteeApproval
Severance Payment0SeverancePayment
Supplemental Nonqual Retire Plan0SupplementalNonqualRetirePlan
Equity Based Comp Arrangement0EquityBasedCompArrangement
Comp Based On Revenue Of Filing Org0CompBasedOnRevenueOfFilingOrg
Comp Based On Revenue Related Orgs0CompBasedOnRevenueRelatedOrgs
Comp Based Net Earnings Filing Org0CompBasedNetEarningsFilingOrg
Comp Based Net Earnings Relate Orgs0CompBasedNetEarningsRelateOrgs
Any Non Fixed Payments0AnyNonFixedPayments
Initial Contract Exception0InitialContractException

Form990 Schedule J Part II Form990ScheduleJPartII (2 entries)

Base Compensation Filing OrgBaseCompensationFilingOrgComp Based On Related OrgsCompBasedOnRelatedOrgsBonus Filing OrgBonusFilingOrgBonus Related OrgsBonusRelatedOrgsOther Compensation Filing OrgOtherCompensationFilingOrgOther Compensation Related OrgsOtherCompensationRelatedOrgsDeferred Comp Filing OrgDeferredCompFilingOrgDeferred Comp Related OrgsDeferredCompRelatedOrgsNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgNontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgsTotal Compensation Filing OrgTotalCompensationFilingOrgTotal Compensation Related OrgsTotalCompensationRelatedOrgsComp Report Prior990 Filing OrgCompReportPrior990FilingOrgComp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs
RICHARD ORTNER
305298065000038541011441084950428775000
PATRICIA HOY
159950000009600056100175160000

Form990 Schedule J Part III Form990ScheduleJPartIII

FieldValueIRS element (for citing)
Return ReferencePART I, LINE 1AReturnReference
ExplanationA HOUSING ALLOWANCE IS PROVIDED TO THE PRESIDENT. THE BOARD OF TRUSTEES VOTED TO APPROVE THE AMOUNT OF THE HOUSING ALLOWANCE FOR THE PRESIDENT.Explanation

Schedule K IRS990ScheduleK

Form990 Schedule K Part I Form990ScheduleKPartI (3 entries)

Issuer EINIssuerEINCUSIP NumberCUSIPNumberDate IssuedDateIssuedIssue PriceIssuePriceDescription Of PurposeDescriptionOfPurposeDefeasedDefeasedOn Behalf Of IssuerOnBehalfOfIssuerPool FinancingPoolFinancing
MASSACHUSETTS INDUSTRIAL DEVELOPMENT FINANCING AUTHORITY
043431814NONEAVAIL2009-04-3013000000CONSTRUCTION000
MASSACHUSETTS INDUSTRIAL DEVELOPMENT FINANCING AUTHORITY
043431814NONEAVAIL2009-04-306200000CONSTRUCTION000
MASSACHUSETTS INDUSTRIAL DEVELOPMENT FINANCING AUTHORITY
043431814NONEAVAIL2011-11-2324500000REFINANCE AND CONSTRUCTION000

Form990 Schedule K Part II Form990ScheduleKPartII (3 entries)

Amount RetiredAmountRetiredTotal ProceedsTotalProceedsCapital ExpendituresCapitalExpendituresYear Of Subst CompletionYearOfSubstCompletionCurrent RefundingCurrentRefundingAdvance RefundingAdvanceRefundingFinal Allocation MadeFinalAllocationMadeAdequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaindIssuance Costs From ProceedsIssuanceCostsFromProceedsOther Spent ProceedsOtherSpentProceeds
13000000130000001300000020100011
62000006200000620000020100011
205003485067018100138080015052530

Form990 Schedule K Part III Form990ScheduleKPartIII (3 entries)

Owning Bond Financed PropertyOwningBondFinancedPropertyAny Lease ArrangementsAnyLeaseArrangementsMngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprtyAny Research AgreementsAnyResearchAgreementsPost Issuance Compliance ProcdrsPostIssuanceComplianceProcdrs
00001
00001
00001

Form990 Schedule K Part IV Form990ScheduleKPartIV (3 entries)

Form8038 T FiledForm8038TFiledVariable Rate IssueVariableRateIssueHedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecdsGross Proceeds Invested In GICGrossProceedsInvestedInGICGross Proceeds InvestedGrossProceedsInvestedException To RebateExceptionToRebate
000001
010001
000001

Form990 Schedule K Part VI Form990ScheduleKPartVI

FieldValueIRS element (for citing)
IdentifierPART II, LINE 3Identifier
ExplanationTOTAL AMOUNT OF PROCEEDS OF THE BOND ISSUE AS OF 6/30/12 ARE NOT IDENTICAL TO THE ISSUE PRICE LISTED IN PART I, COLUMN (E) BECAUSE ALL OF THE BOND PROCEEDS HAVE YET TO BE DRAWN FOR THE CONSTRUCTION PROJECT.Explanation

Schedule M IRS990ScheduleM

Securities Publicly Traded SecuritiesPubliclyTraded

FieldValueIRS element (for citing)
Non Cash CheckboxXNonCashCheckbox
Number Of Contributions4NumberOfContributions
Noncash Contribs Rptd F990118262NoncashContribsRptdF990
Method Of Determining RevenuesFMVMethodOfDeterminingRevenues

Real Estate Other RealEstateOther

FieldValueIRS element (for citing)
Non Cash CheckboxXNonCashCheckbox
Number Of Contributions1NumberOfContributions
Method Of Determining RevenuesSEE LINES 29 AND 33MethodOfDeterminingRevenues
FieldValueIRS element (for citing)
Number Of8283 Received1NumberOf8283Received
Any Property That Must Be Held0AnyPropertyThatMustBeHeld
Review Process Unusual NC Gifts1ReviewProcessUnusualNCGifts
Third Parties Used1ThirdPartiesUsed

Form990 Schedule M Part II Form990ScheduleMPartII (2 entries)

IdentifierIdentifierReturn ReferenceReturnReferenceExplanationExplanation
THIRD PARTY USE:PART I, LINE 32B:THE COLLEGE UTILIZES A THIRD PARTY TO SELL NON-CASH CONTRIBUTIONS IN THE FORM OF PUBLICLY TRADED SECURITIES. GIFTS OF PUBLICLY-TRADED SECURITIES WILL BE RECEIPTED AT THE AVERAGE OF THE HIGH AND LOW MARKET VALUE ON THE DATE THE DONOR RELINQUISHED CONTROL OF THE ASSETS IN FAVOR OF THE COLLEGE BY DELIVERING SUCH SECURITIES TO THE DEVELOPMENT OFFICE AND/OR BY ARRANGING AN ELECTRONIC TRANSFER BETWEEN THE DONOR'S BROKER AND THE CONSERVATORY'S ACCOUNT DESIGNATED TO RECEIVE SUCH GIFTS. THE COLLEGE WILL NOT RECEIVE OR PROCESS PROPOSED TRANSFERS OF STOCK THAT HAVE NO CURRENT MARKET VALUE (I.E. WORTHLESS STOCK) AT THE TIME A TRANSFER TO THE CONSERVATORY IS PROPOSED. THE COLLEGE WILL SELL PUBLICLY-TRADED SECURITIES WHEN RECEIVED AND REINVEST THE SALE PROCEEDS ACCORDING TO THE CURRENT GUIDELINES APPROVED BY THE INVESTMENT COMMITTEE OF THE BOARD OF TRUSTEES. ALL OTHER NON-CASH CONTRIBUTIONS ARE REVIEWED BY THE GIFT ACCEPTANCE COMMITTEE.
NON REPORTING OF REVENUE:PART I, LINE 33:THE COLLEGE RECEIVED A FORM 8283 DURING THE TAX YEAR FOR A REDUCTION IN THE PURCHASE PRICE OF A PROPERTY. THE COLLEGE DID COMPLETE PART IV, DONEE ACKNOWLEDGMENT. HOWEVER, THE COLLEGE DID NOT RECORD A DONATION FOR THIS REDUCTION IN PURCHASE PRICE ON ITS FINANCIAL STATEMENTS FOR THE FISCAL YEAR.

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (6 entries)

Return ReferenceReturnReferenceExplanationExplanationIdentifierIdentifier
FORM 990, PART VI, SECTION B, LINE 11THE CONSERVATORY'S 990 IS REVIEWED IN DETAIL BY BOTH MANAGEMENT AND THE AUDIT COMMITTEE. THE AUDIT COMMITTEE HAS THE AUTHORITY TO APPROVE THE FORM 990 FOR FILING ON BEHALF OF THE FULL BOARD. ALL TRUSTEES RECEIVE A COPY OF THE FORM 990.
FORM 990, PART VI, SECTION B, LINE 12CTHE CONFLICT OF INTEREST POLICY WAS REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES. THE POLICY APPLIES TO ALL TRUSTEES AND SENIOR EXECUTIVES OF THE BOSTON CONSERVATORY. EACH YEAR ALL TRUSTEES AND SENIOR EXECUTIVES COMPLETE A CONFLICT OF INTEREST FORM WHICH REQUESTS INFORMATION ABOUT PERSONAL AND PROFESSIONAL CONFLICT-RELATED ACTIVITIES. THE EXECUTIVE ASSISTANT TO THE BOARD REVIEWS ALL COMPLETED FORMS AND PRESENTS ANY POTENTIAL CONFLICTS TO THE BOARD CHAIR AND PRESIDENT. TO DATE THERE HAVE BEEN NO CONFLICTS OF INTEREST. THEREFORE, NO RESTRICTIONS HAVE BEEN IMPOSED ON ANY TRUSTEES AND SENIOR EXECUTIVES.
FORM 990, PART VI, SECTION B, LINE 15THE COMPENSATION OF THE PRESIDENT IS DETERMINED BY A COMPENSATION COMMITTEE OF THE BOARD, EACH MEMBER OF WHICH IS INDEPENDENT OF THE PRESIDENT. APPROPRIATE DATA INCLUDING FORMS 990 FROM OTHER ORGANIZATIONS AND COMPENSATION SURVEY OR STUDY DATA IS CONSIDERED. THE COMPENSATION DECISION WAS DOCUMENTED CONTEMPORANEOUSLY. THE PRESIDENT SETS THE COMPENSATION FOR OTHER OFFICERS AND KEY EMPLOYEES. APPROPRIATE DATA IS CONSIDERED FOR THIS PURPOSE.
FORM 990, PART VI, SECTION C, LINE 19THE BOSTON CONSERVATORY WILL CONSIDER REQUESTS FOR COPIES OF GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS.
FORM 990, PART XI, LINE 5:NET UNREALIZED GAINS ON INVESTMENTS: 74,618. WRITE-OFF OF DEBT ISSUE COSTS -541,667. LOSS ON DEBT EXTINGUISHMENT -2,088,734. NET EFFECT OF TRANSFER OF DEBT ISSUE COSTS BETWEEN COMPANIES -48,547. TOTAL TO FORM 990, PART XI, LINE 5: -2,604,330.CHANGES IN NET ASSETS OR FUND BALANCES:
FORM 990 PART XII LINE 2CTHE BOSTON CONSERVATORY'S AUDIT COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND THE SELECTION PROCESS OF THE INDEPENDENT ACCOUNTANT.

Schedule R IRS990ScheduleR

Form990 Schedule R Part II Form990ScheduleRPartII (2 entries)

Address Line1AddressUS/AddressLine1CityAddressUS/CityStateAddressUS/StateZIP CodeAddressUS/ZIPCodeEINEINPrimary ActivitiesPrimaryActivitiesLegal Domicile StateLegalDomicileStateExempt Code SectionExemptCodeSectionPublic Charity StatusPublicCharityStatusDirect Controlling Entity NADirectControllingEntityNAControlled OrgControlledOrg
THE BOSTON CONSERVATORY REALTY CORP
8 THE FENWAYBOSTONMA02215263644206HOLD AND MANAGE REAL ESTATEMA501(C)(3)LINE 11A, IN/A0
THE BOSTON CONSERVATORY IPSWICH REALTY CORPORATION
8 THE FENWAYBOSTONMA02216454795446HOLD AND MANAGE REAL ESTATEMA501(C)(3)LINE 11A, IN/A0
FieldValueIRS element (for citing)
Receipt Of Int Ann Rents Royalties0ReceiptOfIntAnnRentsRoyalties
Gift Grant Or Cap Contr To Other Org0GiftGrantOrCapContrToOtherOrg
Gift Grant Or Cap Contr Fr Other Org0GiftGrantOrCapContrFrOtherOrg
Loans Or Guarantees To Other Org1LoansOrGuaranteesToOtherOrg
Loans Or Guarantees From Other Org0LoansOrGuaranteesFromOtherOrg
Sale Of Assets To Other Org0SaleOfAssetsToOtherOrg
Purchase Of Assets From Other Org0PurchaseOfAssetsFromOtherOrg
Exchange Of Assets0ExchangeOfAssets
Rental Of Facilities To Other Orgs0RentalOfFacilitiesToOtherOrgs
Rental Of Facilities Fr Other Orgs1RentalOfFacilitiesFrOtherOrgs
Perform Of Services For Other Orgs0PerformOfServicesForOtherOrgs
Perform Of Services By Other Orgs0PerformOfServicesByOtherOrgs
Sharing Of Facilities0SharingOfFacilities
Sharing Of Paid Employees0SharingOfPaidEmployees
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrg
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrg
Other Transfer To Other Org0OtherTransferToOtherOrg
Other Transfer From Other Org0OtherTransferFromOtherOrg

Transactions Related Orgs Table TransactionsRelatedOrgsTable (2 entries)

Transaction TypeTransactionTypeAmount InvolvedAmountInvolvedMethod Of Amt DeterminationMethodOfAmtDetermination
THE BOSTON CONSERVATORY REALTY CORPORATION
D2729271LOAN PAYABLE BALANCE
THE BOSTON CONSERVATORY REALTY CORPORATION
J320000RENT EXPENSE PAID

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