2012-12-21T16:52:37-06:00 2012-06-30 132550103 D'ARCANGELO & CO LLP 800 WESTCHESTER AVE SUITE N-400 RYE BROOK NY 105731301 990 2011-07-01 136007082 THE MUSIC CONSERVATORY OF WESTCHESTER INC MUSI 9147613715 216 CENTRAL AVENUE WHITE PLAINS NY 10606 JEAN NEWTON 9147613900 2012-12-21 1 ALFRED F THOBEN P00836295 9146944600 2011 2016-02-24 21:20:13Z JEAN NEWTON 216 CENTRAL AVENUE WHITE PLAINS NY 10606 3143273 0 X MUSICCONSERVATORY.ORG X 1929 NY THE MUSIC CONSERVATORY OF WESTCHESTER IS A WELCOMING, DIVERSE COMMUNITY OF PEOPLE WITH A SHARED COMMITMENT TO THE ARTS, GUIDING STUDENTS OF ALL AGES AND ABILITIES TO DEVELOP THEIR TALENTS IN WAYS THAT SUPPORT THEIR INDIVIDUAL GOALS AND INTERESTS, MENTORED BY DEDICATED, EXCELLENT FACULTY. 24 24 125 137 0 0 676924 642607 2026943 2168503 15721 9942 -49540 41274 2670048 2862326 90738 97820 0 0 2056683 2024901 0 0 320977 723379 796454 2870800 2919175 -200752 -56849 9488579 9335933 4818051 4731468 4670528 4604465 X THE MUSIC CONSERVATORY OF WESTCHESTER IS A WELCOMING, DIVERSE COMMUNITY OF PEOPLE WITH A SHARED COMMITMENT TO THE ARTS, GUIDING STUDENTS OF ALL AGES AND ABILITIIES TO DEVELOP THIEIR TALENTS IN WAYS THAT SUPPORT THEIR INDIVIDUAL GOALS AND INTERESTS, MENTORED BY DEDICATED, EXCELLENT FACULTY. 0 0 1515371 97820 1777547 INSTRUCTION - FOUNDED IN 1929, THE MUSIC CONSERVATORY OF WESTCHESTER IS A NON-PROFIT COMMUNITY MUSIC SCHOOL PROVIDING OUTSTANDING MUSIC PROGRAMS FOR CHILDREN AND ADULTS OF ALL AGES AND ABILITIES. THE CONSERVATORY'S PROGRAMS INCLUDE INDIVIDUAL INSTRUMENTAL AND VOCAL INSTRUCTION, PERFORMING ENSEMBLES, MUSICIANSHIP CLASSES, SUZUKI INSTRUCTION AND YOUNG CHILDREN'S CLASSES, STUDENT RECITALS AND PERFORMANCES, MASTER CLASSES, WORKSHOPS AND SPECIAL EVENTS. EACH YEAR THE CONSERVATORY PROVIDES APPROXIMATELY $100,000 IN SCHOLARSHIP ASSISTANCE TO FINANCIALLY DESERVING STUDENTS. THE CONSERVATORY IS ACCREDITED BY THE NATIONAL ASSOCIATION OF SCHOOLS OF MUSIC, AND IS A MEMBER OF THE NATIONAL GUILD OF COMMUNITY SCHOOLS OF THE ARTS. TOTAL ENROLLMENT FOR ITS THREE SEMESTERS WAS AS FOLLOWS: SUMMER 2011, 228 STUDENTS; FALL 2011, 660 STUDENTS; SPRING 2012, 657 STUDENTS. OFFSITE PROGRAMS HAD 32 PARTICIPATING PROGRAM BENEFITING 1,427 OF THEIR STUDENTS AND 109 MUSICIANS. PROGRAMS INCLUDE BOTH GROUP AND INDIVIDUAL INSTRUCTION. THE TOTAL FACULTY IS COMPOSED OF 111 PROFESSIONAL MUSICIANS. 292088 390956 OUTREACH PROGRAM - CALLED THE MUSIC THERAPY INSTITUTE, THE OUTREACH PROGRAM FACILITATES WEEKLY MUSIC THERAPY GROUPS AND PROFESSIONAL DEVELOPMENT PROGRAMS TO PARTNERING ORGANIZATIONS AND PUBLIC SCHOOL DISTRICTS IN WESTCHESTER COUNTY, NY. WORKING WITH CHILDREN AND ADULTS WITH A RANGE OF DEVELOPMENTAL, EMOTIONAL, COGNITIVE AND SOCIAL IMPAIRMENTS, MUSIC THERAPISTS USE THE ACTIVE PROCESS OF MUSIC MAKING TO ENGAGE STUDENTS AND ADDRESS SPECIFIC GOALS, INCLUDING: INCREASING COMMUNICATION, IMPROVING SOCIAL SKILLS, PROVIDING OPPORTUNITIES FOR SELF EXPRESSION, IMPROVING IMPULSE CONTROL AND IMPROVING ATTENTION TO TASK. PROFESSIONAL DEVELOPMENT PROGRAMS ASSIST MUSIC EDUCATORS IN PUBLIC SCHOOL DISTRICTS TO DEVELOP AND IMPLEMENT APPROPRIATE MUSIC PROGRAMS FOR SPECIAL NEEDS LEARNERS. THE CHILDREN AND ADULTS INVOLVED IN THE PROGRAMS BENEFITTED FROM THIS HIGHLY MOTIVATED, INCLUSIONARY PROGRAM BY DEMONSTRATING GROWTH IN ALL AREAS OF FUNCTIONING. THE PROGRAM HAD 31 PARTICIPATING PARTNERS/SCHOOLS AND PROVIDED PROGRAMS IN 58 DIFFERENT LOCATIONS. 191471 56222 PERFORMANCES - IN 2011-2012 CONSERVATORY STUDENTS AND FACULTY PRESENTED 108 PERFORMANCES IN THE SCHOOL'S RECITAL HALL AND IN A VARIETY OF COMMUNITY VENUES. PERFORMANCE IS AN INTEGRAL COMPONENT OF THE CONSERVATORY'S EDUCATIONAL PROGRAM. STUDENTS PERFORM AS SOLOSITS ON THEIR INSTRUMENT OF STUDY. STUDENT ENSEMBLES ALSO PERFORM AT LEAST TWICE DURING THE SCHOOL YEAR. PERFORMANCE CLASSES, CALLED "PLAY-INS," OFFER AN INFORMAL OPPORTUNITY FOR STUDENTS TO LEARN RECITAL SKILLS AND STAGE ETIQUETTE. SEPARATE RECITAL OPPORTUNITIES ARE PROVIDED FOR ADULT STUDENTS. FACULTY PERFORMANCES IN THE COMMUNITY OFFER A SHOWCASE FOR THE QUALITY AND TALENTS OF OUR FACULTY AS WELL AS OPPORTUNITIES FOR STUDENTS AND THEIR FAMILIES TO HEAR THEIR TEACHERS PERFORM. 1998930 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 21 0 1 125 1 0 0 0 0 0 1 1 0 0 0 0 0 X 24 24 0 0 0 0 0 1 0 1 0 0 0 1 1 1 1 1 1 1 1 0 X X MUSIC CONSERVATORY OF WESTCHESTER 9147613715 216 CENTRAL AVENUE WHITE PLAINS NY 10606 ANTHONY GALLINARI 1.00 X 0 0 0 NANCY GOODMAN 1.00 X 0 0 0 ROBERT HEATH 2.00 X X 0 0 0 BHARTI GUPTA 2.00 X X 0 0 0 ALAN E KATZESQ 1.00 X 0 0 0 MARY LYNN BIANCO 1.00 X 0 0 0 JOHN BOTTOMLEY 2.00 X X 0 0 0 TERRY J FELDMAN 2.00 X X 0 0 0 LAURENCE KEISER ESQ CPA 1.00 X 0 0 0 RODD BERRO 4.00 X X 0 0 0 CAROLINE G BAUMAN MD 1.00 X 0 0 0 SIEW LENG CHUAH 1.00 X 0 0 0 GEORGE DRAPEAU 1.00 X 0 0 0 HYUN HEFFNER 1.00 X 0 0 0 CLAYTON J HEYDORN 1.00 X 0 0 0 LAWRENCE SLATTERY 1.00 X 0 0 0 THOMAS A CRATTY 1.00 X 0 0 0 LISA DEUTSCH 1.00 X 0 0 0 GEORGIA B POLLAK 1.00 X 0 0 0 GARY BASHIAN 1.00 X 0 0 0 CATHY PINSKY 1.00 X 0 0 0 JON R PUNDYK 1.00 X 0 0 0 MAYO G BARTLETT ESQ 1.00 X 0 0 0 JONATHAN KANTOR 1.00 X 0 0 0 JEAN NEWTON 40.00 X 73782 0 0 CAROL SHIFFMAN 40.00 X 100343 0 0 MACK CUNNINGHAM 40.00 X 71150 0 0 245275 0 0 1 0 0 1 0 87851 105687 449069 21184 642607 TUITION 900099 1777547 1777547 CONTRACT SERVICES 900099 390956 390956 2168503 14475 14475 217236 204037 13199 13199 13199 4533 -4533 -4533 -4533 44230 87851 72377 -28147 -28147 MISCELLANEOUS 900099 56222 56222 56222 2862326 2224725 0 -5006 97820 97820 195524 37168 88277 70079 1619446 1129456 323510 166480 13264 8621 3051 1592 196667 127834 45233 23600 6431 6431 17500 17500 45000 24567 20433 44487 44487 8214 8214 11019 11019 88602 66452 13290 8860 10541 6640 1265 2636 178156 163904 5345 8907 244025 207422 31723 4880 22313 15620 3347 3346 PAYROLL INSURANCE 28700 18655 6601 3444 TUITION & FEES DISCOUNT 22965 22965 SUPPLIES & MUSIC 19055 12386 4383 2286 PRINTING AND POSTAGE 13751 8939 3163 1649 35695 30561 2349 2785 2919175 1998930 599268 320977 325588 213851 106152 77425 42198 51022 11966 38621 39544 55982 11135548 3312811 7892204 7822737 857289 856458 213638 219837 9488579 9335933 345681 338950 180321 121964 3260000 3180000 30000 47000 929085 901974 72964 141580 4818051 4731468 X 3714382 3533264 144617 259672 811529 811529 4670528 4604465 9488579 9335933 X -56849 -9214 X X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 857289 -831 856458 832070 155220 90738 39263 857289 926768 75528 93078 77148 832070 1448842 25 -140313 381786 926768 0 0 426734 725226 1151960 1646087 7430171 2558050 6518208 719193 619783 99410 188137 134978 53159 7822737 CAPITALIZED LEASE OBLIGATION 32156 DUE TO TENANT, LEASEHOLD IMPROVEMENTS 109424 141580 2862326 2919175 -56849 -9214 -9214 -66063 2839913 -9214 -9214 2849127 13199 13199 2862326 2919175 0 2919175 0 2919175 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: ENDOWMENT CONTRIBUTIONS REPRESENT DONOR STIPULATED CONTRIBUTIONS TO BE INVESTED FOR A DESIGNATED PERIOD OF TIME, GENERALLY IN PERPETUITY. THE ENDOWMENT FUND THREE-YEARS BACK (2008) INCLUDED UNRESTRICTED (FUNDS FUNCTIONING AS ENDOWMENT) OF $503,992 WHICH HAD BEEN DESIGNATED BY THE BOARD FROM A MAJOR UNRESTRICTED CONTRIBUTION. DURING THE FISCAL YEAR (2008) THOSE FUNDS WERE DRAWN DOWN FOR BUDGETED STRATEGIC AND FINANCIAL INITIATIVES. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: INCOME TAXES THE CONSERVATORY IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS CLASSIFIED AS A PUBLIC CHARITY. DONATIONS TO THE CONSERVATORY ARE DEDUCTIBLE FOR INCOME TAX PURPOSES UNDER INTERNAL REVENUE CODE SECTION 170. THE CONSERVATORYS ACCOUNTING POLICY IS TO PROVIDE LIABILITIES FOR UNCERTAIN TAX POSITIONS WHEN A LIABILITY IS PROBABLE AND ESTIMABLE. MANAGEMENT IS NOT AWARE OF ANY VIOLATION OF ITS TAX STATUS AS AN ORGANIZATION EXEMPT FROM INCOME TAXES, NOR OF AN EXPOSURE TO UNRELATED BUSINESS INCOME TAX. TAX RETURNS FOR THE YEARS 2008 THROUGH 2012 ARE SUBJECT TO AUDIT BY THE APPLICABLE TAXING JURISDICTIONS. PART XII, LINE 4B - OTHER ADJUSTMENTS: NON-OPERATING INCOME - RENTAL OF PROPERTY SCHEDULE D - PART XIV - RENTAL ACTIVITY NET LOSS FROM RENTAL ACTIVITY OF PROPERTY LEASED TO FAUST HARRISON PIANOS, INC. (SEE PART XII, LINE 4B) 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 REGISTRATION MATERIAL AND BROCHURES INDICATES THE SCHOOL'S NONDISCRIMINATORY POLICY. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 THE MUSIC CONSERVATORY OF WESTCHESTER HAS RECEIVED GRANTS FROM THE NEW YORK STATE COUNCIL ON THE ARTS AND OTHER NEW YORK STATE AGENCIES. GRANTS RECEIVED FROM AGENCIES ARE FOR PROGRAM SERVICES PROVIDED BY THE ORGANIZATION TO THE PUBLIC. GOLF OUTING 47321 29900 17421 100 23205 202 750 5268 MUSIC THERAPY INSTITUTE GALA 65325 56471 8854 742 17754 2586 3625 9360 2 19435 1480 17955 1555 7282 132081 87851 44230 842 42514 2788 4375 21910 72429 -28199 1 TUITION SCHOLARSHIPS - THE SCHOLARSHIP PROGRAM IS A FINANCIAL AID PROGRAM AND IS FUNDED EACH FISCAL YEAR THROUGH THE MUSIC CONSERVATORY'S ENDOWMENT RESTRICTED FUNDS, INDIVIDUAL AND BOARD PARTICIPATION, SPECIAL EVENTS AND FOUNDATION CONTRIBUTIONS. THE DEMAND FOR AID EXCEEDS THE BUDGET FUND LEVEL WITH THE RECENT ECONOMIC DOWNTURN. EACH AID REQUEST IS MANAGED THROUGH THE DEAN OF STUDENT AND FACULTY'S OFFICE. 100 0 97820 TUITION RATE REDUCTION OF TUITION COST TO INDIVIDUAL STUDENTS AND FAMILIES BASED ON FULL TUITION AND CHARGES AND THE INDIVIDUAL NEEDS OF THE APPLICANTS AS DETERMINED BY THE MUSIC CONSERVATORY. 1 X X 0 0 0 0 0 0 0 1 0 PART I, LINE 7 ALAN E. KATZ, ESQ. - TRUSTEE IS PARTNER IN GREENFIELD, STEIN & SENIOR, A LAW FIRM THAT DOES LEGAL WORK BOTH PRO-BONO AND FEE BASED FOR THE ORGANIZATION. COUNTY OF WESTCHESTER INDUSTRIAL DEVELOPMENT AGENCY 521294265 957388CC5 1999-06-22 4500000 ACQUISTION OF 214-216 CENTRAL AVE, WHITE PLAINS, NY AND RENOVATIONS. 0 1 0 2000 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 NANCY GOODMAN TRUSTEE CASH FLOW UNTIL THE ORGANIZATION RECEIVES GRANT PROCEEDS X 30000 30000 0 1 1 NANCY GOODMAN TRUSTEE CASH FLOW UNTIL THE ORGANIZATION RECEIVES GRANT PROCEEDS X 17000 17000 0 1 1 47000 EVE POLLON WIDOW OF FORMER EXECUTIVE DIRECTOR 13264 PENSION OBLIGATION ALAN KATZ ESQ PARTNER IN GREENFIE MR. KATZ IS A MEMBER OF THE BOARD OF TRUSTEES OF THE CONSERVATORY 12575 LEGAL SERVICES 0 FORM 990, PART VI, SECTION A, LINE 7A THE ESTABLISHED BOARD, BASED ON THE BY-LAWS OF THE CORPORTATION, SPONSORS NEW MEMBERS OF THE BOARD AND VOTES ON INVITING THE NEW MEMBER TO JOIN THE BOARD. FORM 990, PART VI, SECTION A, LINE 8B MINUTES OF FINANCE COMMITTEE AND OTHER ADVISORY COMMITTEES ARE NOT FORMALLY MAINTAINIED. ACTIONS DELIBERATED AND AUTHORIZED BY SUCH COMMITTEES ARE SUMMARIED BY THE COMMITTEE CHAIRMAN AND REPORTED ON TO THE ENTIRE BOARD AND IF ACTION IS RECOMMENDED A FORMAL BOARD RESOLUTION IS PREPARED FOR APPROVAL BY THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11 THE EXECUTIVE DIRECTOR, DIRECTOR OF FINANCE AND ADMINISTRATION, AND THE ACCOUNTING SUPERVISOR REVIEW AND COMPARE THE 990 TO THE FINANCIAL STATEMENT BEFORE THE RETURN IS SIGNED AND MAILED TO THE IRS. THE RETURN IS ALSO REVIEWED BY THE CONSERVATORY'S FINANCE COMMITTEE AND THE BOARD OF TRUSTEES PRIOR TO ITS FILING. FORM 990, PART VI, SECTION B, LINE 12C REVIEW OF CONFLICT OF INTEREST POLICY A. EACH TRUSTEE, OFFICER, EMPLOYEE AND VOLUNTEER SHALL BE PROVIDED WITH AND ASKED TO REVIEW A COPY OF THIS POLICY AND TO ACKNOWLEDGE IN WRITING THAT HE OR SHE HAS DONE SO. B. ANNUALLY EACH TRUSTEE, OFFICER, EMPLOYEE AND VOLUNTEER SHALL COMPLETE A DISCLOSURE FORM IDENTIFYING ANY RELATIONSHIPS, POSITIONS OR CIRCUMSTANCES IN WHICH HE OR SHE IS INVOLVED THAT HE OR SHE BELIEVES COULD CONTRIBUTE TO A CONFLICT OF INTEREST. SUCH RELATIONSHIPS, POSITIONS OR CIRCUMSTANCES MIGHT INCLUDE SERVICE AS A TRUSTEE OF OR CONSULTANT TO ANOTHER NONPROFIT ORGANIZATION, OR OWNERSHIP OF A BUSINESS THAT MIGHT PROVIDE GOODS OR SERVICES TO MCW. ANY SUCH INFORMATION REGARDING THE BUSINESS INTERESTS OF A TRUSTEE, OFFICER, EMPLOYEE OR VOLUNTEER, OR A FAMILY MEMBER THEREOF, SHALL BE TREATED AS CONFIDENTIAL AND SHALL GENERALLY BE MADE AVAILABLE ONLY TO THE EXECUTIVE DIRECTOR OR PRESIDENT OF THE BOARD CHAIR, THE EXECUTIVE TRUSTEE, COMMITTEE APPOINTED TO ADDRESS CONFLICTS OF INTEREST, EXCEPT TO THE EXTENT ADDITIONAL DISCLOSURE IS NECESSARY IN CONNECTION WITH THE IMPLEMENTATION OF THIS POLICY. C. THIS POLICY SHALL BE REVIEWED ANNUALLY BY EACH MEMBER OF THE BOARD OF TRUSTEES. ANY CHANGES TO THE POLICY SHALL BE COMMUNICATED TO ALL STAFF AND VOLUNTEERS FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF TRUSTEES' METHODOLOGY WHEN HIRING PERSONNEL AT THE LEVEL OF EXECUTIVE DIRECTOR, OTHER OFFICER OR KEY EMPLOYEE IS TO CONSULT PUBLICATIONS LISTING COMPENSATION CURRENTLY BEING PAID TO A COMPARABLE LEVEL OF PEOPLE WORKING UNDER SIMILAR CIRCUMSTANCES; BUDGET CONSIDERATIONS USUALLY PLAY A ROLE IN DETERMINING COMPENSATION AND THE POSITION WILL PROBABLY BE FILLED AT A SALARY LESS THAN THE CURRENT MARKET RATE. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE BEING HELD AT THE MUSIC CONSERVATORY OF WESTCHESTER'S OFFICES AND ARE AVAILABLE TO PUBLIC INSPECTION UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -9,214. FORM 990, PART XI, LINE 2C THE PROCEDURE FOR REVIEW OF FORM 990 PRIOR TO FILING HAS NOT CHANGED.