2013-05-14T15:09:00-05:00 2012-06-30 042571780 ALEXANDER ARONSON FINNING & CO PC 21 EAST MAIN STREET WESTBORO MA 01581 990 2011-07-01 263644206 THE BOSTON CONSERVATORY REALTY CORPORATION BOST 6175366340 8 THE FENWAY BOSTON MA 02215 RICHARD ORTNER PRESIDENT 6175366340 2013-05-13 1 THOMAS WASHBURN CPA P00537319 5083669100 2013-05-06 2011 2016-02-24 21:20:13Z RICHARD ORTNER 8 THE FENWAY BOSTON MA 02215 320046 0 X N/A X 2008 MA TO ACQUIRE, FINANCE, DEVELOP AND LEASE A PERFORMING ARTS CENTER TO THE BOSTON CONSERVATORY. 4 3 0 0 0 0 0 0 338747 320000 6746 46 0 0 345493 320046 0 0 0 0 0 0 0 0 0 1366969 1431906 1366969 1431906 -1021476 -1111860 32265986 30315800 33406091 32519218 -1140105 -2203418 TO ACQUIRE, FINANCE, DEVELOP AND LEASE A PERFORMING ARTS CENTER TO THE BOSTON CONSERVATORY. 0 0 1431906 320000 THE BOSTON CONSERVATORY REALTY CORPORATION (THE REALTY CORPORATION) WAS FORMED TO ACQUIRE, FINANCE AND LEASE TO THE BOSTON CONSERVATORY (THE CONSERVATORY) THE PERFORMING ARTS CENTER LOCATED AT 27 AND 31 HEMENWAY STREET, BOSTON, MASSACHUSETTS (THE PROJECT). THE PROJECT ENCOMPASSES AN EXISTING THEATRE BUILDING, WHICH UNDERWENT A COMPLETE RENOVATION AND THE CONSTRUCTION OF A MAJOR ADDITION WHICH INCLUDES THREE NEW THEATRE/DANCE STUDIOS AND AN ORCHESTRAL REHEARSAL HALL. THE REALTY CORPORATION ACQUIRED THE LAND AND EXISTING THEATRE FROM THE CONSERVATORY IN 2009 AND SUBSEQUENTLY BEGAN THE RENOVATION PROJECT. THE REALTY CORPORATION COMPLETED THE CONSTRUCTION AND EXPANSION OF THE 40,000 SQUARE FEET OF PERFORMANCE AND REHEARSAL SPACE FOR THEATRE, MUSIC AND DANCE DURING FISCAL YEAR 2011. 1431906 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 11 0 1 0 0 0 0 0 0 0 0 0 0 0 0 X 4 3 0 0 0 0 1 1 0 1 0 0 0 1 1 1 1 1 0 0 0 0 MA X X ERIC NORMAN VP OF FINANCE AND PLANNING 6175366340 8 THE FENWAY BOSTON MA 02215 ALFRED D HOUSTON 1.00 X X 0 0 0 CURTIS R KEMENY 1.00 X X 0 0 0 KIRK L RAMSAUER 1.00 X X 0 0 0 RICHARD ORTNER 1.00 X X 0 408839 19936 ERIC NORMAN 1.00 X X 0 63854 3618 0 472693 23554 0 0 1 0 LEE KENNEDY CO INC 122 QUINCY SHORE DRIVE BOSTON MA 02215 CONSTRUCTION 297643 1 RENTAL INCOME 900099 320000 320000 320000 46 46 320046 320000 0 46 10180 10180 292800 292800 1128926 1128926 1431906 1431906 0 0 206408 382101 181896 7844 30861152 2002495 29874831 28858657 1827158 1242891 32265986 30315800 802243 513280 26667 26667 29250000 29250000 3327181 2729271 33406091 32519218 X -1140105 -2203418 -1140105 -2203418 32265986 30315800 X -1111860 48547 X X 0 1 1 X 0 X X X X 0 0 0 THE BOSTON CONSERVATORY 042126597 2 1 1 1 0 1 0 851453 851453 27602208 1315496 26286712 2264467 675642 1588825 143024 11357 131667 28858657 CONSERVATORY LOAN PAYABLE 2729271 2729271 320046 1431906 -1111860 48547 48547 -1063313 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE STANDARDS FOR ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES REQUIRE THE BOSTON CONSERVATORY REALTY CORPORATION (TBCR) TO REPORT ANY UNCERTAIN TAX POSITIONS AND TO ADJUST ITS FINANCIAL STATEMENTS FOR THE IMPACT THEREOF. AS OF JUNE 30, 2012, TBCR 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. TBCR 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: NET EFFECT OF TRANSFER OF DEBT ISSUE COSTS BETWEEN COMPANIES 48,547. X 1 0 0 0 0 0 0 0 0 0 0 RICHARD ORTNER 0 305298 0 65000 0 38541 0 11441 0 8495 0 428775 0 0 PART I, LINE 1A A HOUSING AND CAR ALLOWANCE IS PROVIDED TO THE PRESIDENT. THE BOARD OF TRUSTEES VOTE TO APPROVE THE AMOUNT OF THE ALLOWANCE. FORM 990, PART VI, SECTION A, LINE 6 THE BOSTON CONSERVATORY REALTY CORPORATION'S SOLE MEMBER IS THE BOSTON CONSERVATORY. FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNING BODY OF THE BOSTON CONSERVATORY REALTY CORPORATION CONSISTS OF THE CHAIR, VICE CHAIR, TREASURER, CLERK AND PRESIDENT OF THE BOSTON CONSERVATORY. FORM 990, PART VI, SECTION A, LINE 8B ALL BUSINESS IS TRANSACTED BY THE GOVERNING BODY. THERE ARE NO SUBCOMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11 THE BOSTON CONSERVATORY REALTY CORPORATION'S FORM 990 IS FIRST REVIEWED BY MANAGEMENT AND THEN REVIEWED BY THE BOSTON CONSERVATORY'S AUDIT COMMITTEE. THE AUDIT COMMITTEE APPROVES THE FORM FOR FILING. ALL BOARD MEMBERS RECEIVE A COPY OF THE 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY WAS REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES. THE POLICY ALSO APPLIES TO ALL TRUSTEES AND SENIOR EXECUTIVES OF THE BOSTON CONSERVATORY REALTY CORPORATION. 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 POTENTIAL CONFLICTS OF INTEREST. THEREFORE, NO RESTRICTIONS HAVE BEEN IMPOSED ON ANY TRUSTEES AND SENIOR EXECUTIVES. FORM 990, PART VI, SECTION C, LINE 19 THE BOSTON CONSERVATORY REALTY CORPORATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET EFFECT OF TRANSFER OF DEBT ISSUE COSTS BETWEEN COMPANIES 48,547. TOTAL TO FORM 990, PART XI, LINE 5: 48,547. FORM 990, PART XII, LINE 2C THE BOSTON CONSERVATORY REALTY CORPORATION UTILIZES ITS BOARD OF TRUSTEES TO ASSUME RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. FORM 990, PART VII, SECTION B RICHARD ORTNER, PRESIDENT, DEVOTES AN ESTIMATED 1 HOUR PER WEEK TO THE BOSTON CONSERVATORY REALTY CORPORATION, WHILE HE ALSO DEVOTES AN ESTIMATED 40 HOURS PER WEEK TO THE BOSTON CONSERVATORY AS PRESIDENT. FORM 990, PART VI, SECTION B, LINE 15 THE BOSTON CONSERVATORY REALTY CORPORATION HAS NO EMPLOYEES. OFFICERS AND DIRECTORS RECEIVE NO COMPENSATION FROM THE BOSTON CONSERVATORY REALTY CORPORATION. ANY COMPENSATION IS PAID BY THE BOSTON CONSERVATORY. FORM 990, PART XII, LINE 2B THE BOSTON CONSERVATORY PREPARES CONSOLIDATED FINANCIAL STATEMENTS WHICH INCLUDES THE ACCOUNTS OF THE BOSTON CONSERVATORY REALTY CORPORATION. THE CONSERVATORY AND REALTY CORPORATION ARE AUDITED BY AN INDEPENDENT ACCOUNTING FIRM. UNCONSOLIDATED FINANCIAL STATEMENTS FOR THE BOSTON CONSERVATORY REALTY CORPORATION ARE NOT ISSUED. THE BOSTON CONSERVATORY 8 THE FENWAY BOSTON MA 02215 042126597 EDUCATION MA 501(C)(3) LINE 2 N/A 0 THE BOSTON CONSERVATORY IPSWICH REALTY CORPORATION 8 THE FENWAY BOSTON MA 02215 454795446 HOLD AND MANAGE REAL ESTATE MA 501(C)(3) LINE 11A, I N/A 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 THE BOSTON CONSERVATORY I 320000 BASED ON RENT AGREEMENT THE BOSTON CONSERVATORY E 2729271 LOAN PAYABLE BALANCE