2012-03-13T13:39:19-05:00 2011-06-30 Melanson Heath and Company PC 102 Perimeter Road Nashua NH 030631301 990 2010-07-01 042130848 Longy School of Music Incorporated LONG 6178760956 27 Garden Street Cambridge MA 02138 KAREN ZORN 6178760956 2012-03-03 1 David R Heath CPA 6038821111 2012-03-03 2010 2016-02-24 21:20:13Z Karen Zorn 27 Garden Street Cambridge MA 02138 12568868 0 X www.longy.edu X 1915 MA Post secondary educational programs. 20 20 331 30 0 0 648277 809350 7670836 8524555 205417 363417 0 0 8524530 9697322 2159821 2641744 0 0 5004773 5829766 0 0 482378 2228065 2689213 9392659 11160723 -868129 -1463401 11664222 11473966 479976 858342 11184246 10615624 The Longy School of Music prepares musicians to make a difference in the world. 0 0 8601651 2641744 8524555 Post secondary level music diploma and degree program, private music instructions in classical style music, and music programs for adults and children. 8601651 1 1 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 79 0 1 331 1 0 0 0 0 0 0 0 0 X 20 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 1 0 0 0 MA X The Organization 6178760956 27 Garden Street Cambridge MA 02138 Karen Zorn 40.00 X X 152250 0 3863 Sandra Bakalar 4.00 X 0 0 0 Bonny E Boatman 4.00 X 0 0 0 Gene D Dahmen 4.00 X X 0 0 0 Patricia H Deyton 4.00 X 0 0 0 Melinda N Donovan 4.00 X 0 0 0 Harriet E Griesinger 4.00 X 0 0 0 Charlotte I Hall 4.00 X 0 0 0 Sandra L Jesse 4.00 X 0 0 0 Ruth M McKay 4.00 X 0 0 0 Louise Ambler Osborn 4.00 X 0 0 0 Patricia Ostrander 4.00 X 0 0 0 Marilyn Ray Smith 4.00 X 0 0 0 Robert B Straus 4.00 X 0 0 0 Jeanette H Taylor 4.00 X 0 0 0 J David Wimberly 4.00 X X 0 0 0 Gary Wolf 4.00 X 0 0 0 Matina Horner 4.00 X X 0 0 0 Timothy Jacoby 4.00 X X 0 0 0 Robert S Epstein 4.00 X 0 0 0 Virginia Meany 4.00 X X 0 0 0 Howard Levy 40.00 X 86350 0 2318 238600 0 6181 1 0 1 0 Mintz Levin Cohn Ferris Et Al One Financial Center Boston MA 02111 Legal Services 647917 Sea-Dar Construction Inc 46 Waltham Street Suite 2A Boston MA 02118 Building Contractor 463792 McDermott Will & Emery LLP PO Box 6043 Chicago IL 60680 Legal Services 137006 Comworld Networks Corporation 2 Clocktower Place Suite 533 Nashua NH 03060 IT Support Services 127327 4 316214 493136 809350 Tution and Lesson Fees 611600 8256161 8256161 Registrations and fees 611600 198366 198366 Rentals 611600 38859 38859 Concerts and events 611600 17511 17511 Miscellaneous 611600 13658 13658 8524555 191891 191891 3043072 2871546 171526 171526 171526 9697322 8524555 0 363417 2641744 2641744 259560 259560 4734793 4072158 354066 308569 84263 75621 2418 6224 751150 609255 92422 49473 861757 859993 1764 26159 26159 33747 8450 25297 30805 28006 2799 101279 101279 281304 220206 51254 9844 10782 6947 3835 13896 13896 255897 217249 32422 6226 37060 37060 Other 222543 132352 72062 18129 Guests - faculty, artis 219111 219111 Students, on-campus emp 132720 125974 5594 1152 Academic expenses 103807 103807 Security 81679 63939 14882 2858 276667 104838 100324 71505 11160723 8601651 2076694 482378 757912 383642 211804 155782 49353 0 3267 29480 54210 9852 7991074 3742098 3933499 4248976 6563536 6550529 90641 95705 11664222 11473966 234332 417409 245644 440933 479976 858342 X 5500021 4350278 594954 1145675 5089271 5119671 11184246 10615624 11664222 11473966 X -1463401 894779 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6885075 30400 1241131 1300000 26159 6830447 6556094 20399 634376 300000 25793 6885076 7834975 73392 -906961 421360 23952 6556094 0.13000 0.75000 0.12000 1 0 646818 646818 6358583 2911304 3447279 701706 564884 136822 283967 265910 18057 4248976 9697322 11160723 -1463401 882779 12000 894779 -568622 7951197 882779 12840 -2641744 -1746125 9697322 0 9697322 8519819 840 -2641744 -2640904 11160723 0 11160723 Description of Uncertain Tax Positions Under FIN 48: Part X: The School accounts for the effect of any uncertain tax positions in the financial statements based on a "more likely than not" basis, such that current or deferred tax assets or liabilities are immediately recognized when the related uncertain tax position is taken or expected to be taken. Any changes in uncertain tax positions are recorded in the period the outcome becomes known. Management has evaluated significant tax positions against the criteria established by professional standards and believes that there are no such positions requiring accounting recognition as of June 30, 2011. Additionally, the School believes that its tax-exempt status would more likely than not be sustained under examination. The School's tax returns that have been filed and are subject to examination are for the years ended June 30, 2010, 2009, and 2008. Part XII, Line 2d - Other Adjustments: Scholarships -2,641,744. Part XIII, Line 2d - Other Adjustments: Scholarships -2,641,744. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Explanation of Nondiscriminatory Policy Publication Schedule E, Part I, Line 3 LONGY RECRUITS STUDENTS THROUGH THE MAILING OF A CATALOG CONTAINING THE SCHOOL'S NON-DISCCRIMINATORY POLICY. ALL REG. AID FORMS ARE ALSO CLEARLY LABELED. THE POLICY IS ALSO STATED IN NEWSPAPER ADV. DIR. TOWARDS THE SOLICIATION OF STUDENTS. Explanation of Document Retention Schedule E, Part I, Line 4 LONGY PROVIDES SCHOLARSHIPS TO STUDENTS THROUGH A NON-DISCR. PROCESS BASED ON NEED, ACADEMIC, AND MUSICAL TALENT. Explanation of Government Financial Assistance Schedule E, Part I, Line 6 The School receives student financial aid from the US Department of Education. 1 Longy Scholarships to Students Accounts 222 2641744 Other Information: Part IV: Scholarships are awarded to students. X X 0 0 0 0 0 0 0 0 0 Karen Zorn 152250 0 0 0 0 0 3863 0 0 0 156113 0 0 0 Gary Wolf (Gary Wolf Architects Inc) Trustee 15589 Architectural services 0 X 3 24942 HIGH/LOW AVERAGE DAY TRA 0 0 0 Form 990, Part VI, Section B, line 11 The Form 990 will be distributed electronically to each voting member of the organization's governing body. The Chief Financial Officer of the School will conduct the review of the Form 990 at the next Board of Trustees meeting. The Audit Committee Chair and the Chief Financial Officer will review and approve the Form 990 for release of the electronic file. Form 990, Part VI, Section C, line 19 Governing documents and conflict of interest policy are available upon request. The financial statements are available upon request. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 5: Net unrealized gains on investments: 882,779. Donated services and use of facilities: 12,000. Total to Form 990, Part XI, Line 5: 894,779.