2011-04-27T12:41:13-05:00 2010-06-30 Grant Thornton LLP 1000 WILSHIRE BLVD SUITE 300 LOS ANGELES CA 900172464 990 2009-07-01 952501387 The Colburn School COLB 2136212200 200 South Grand Avenue Los Angeles CA 90012 SETH WEINTRAUB 2136212200 2011-03-15 2136271717 2009 2016-02-24 21:20:13Z SELJUK KARDAN 200 SOUTH GRAND AVENUE Los Angeles CA 90012 85301876 false X http://www.colburnschool.edu X 1951 CA THE COLBURN SCHOOL PROVIDES WORLD CLASS PERFORMING ARTS EDUCATION IN LA. EXTRACURRICULAR EDUCATION IS PROVIDED TO MORE THAN 2,000 DIVERSE STUDENTS; CONSERVATORY AND ACADEMY MUSIC EDUCATION TO GIFTED PUPILS. 29 29 320 100 -333388 -333388 19362125 4015245 8161801 8495702 -15937771 -2610211 1082912 410030 12669067 10310766 5173305 5360565 0 0 12764028 11573491 0 17000 1581064 23551960 17464764 41489293 34415820 -28820226 -24105054 300040970 305945976 144773178 148896066 155267792 157049910 THE COLBURN SCHOOL (THE "SCHOOL") IS A CALIFORNIA NOT-FOR-PROFIT ORGANIZATION OFFERING INSTRUCTION IN THE PERFORMING ARTS FOR STUDENTS OF ALL AGES AND COMMUNITY SERVICE PROGRAMS WHICH BRING MUSIC TO UNDER-SERVED CHILDREN IN INNER-CITY SCHOOLS. THE SCHOOL OF PERFORMING ARTS WAS ORGANIZED IN 1950 AND OFFERS CLASSES, LESSONS AND WORKSHOPS IN MUSIC, DANCE, AND DRAMA TO APPROXIMATELY 1,700 STUDENTS RANGING IN AGE FROM TODDLER TO ADULT. THE CONSERVATORY OF MUSIC BEGAN IN 2003 WHEN THE SCHOOL WAS APPROVED BY THE STATE OF CALIFORNIA BUREAU FOR PRIVATE POST SECONDARY AND VOCATIONAL EDUCATION TO OPERATE PROFFESIONAL LEVEL MUSIC STUDIES PROGRAMS. CONSERVATORY PROGRAMS ARE AWARDED AT NO CHARGE TO QUALIFIED STUDENTS PURSUING THE HIGHEST LEVELS OF CLASSICAL MUSIC PERFORMANCE TRAINING. CONSERVATORY PROGRAMS RANGE FROM TWO TO FOUR YEARS IN LENGTH AND RESULT IN EITHER A BACHELOR OF MUSIC DEGREE, PERFORMANCE DIPLOMA, ARTIST'S DIPLOMA OR A PROFESSIONAL STUDIES CERTIFICATE. THE CONSERVATORY HAD OVER 110 E false false 28702643 311829 10210803 THE COLBURN SCHOOL HAS TWO DISTINCT DIVISIONS: THE SCHOOL OF PERFORMING ARTS AND THE CONSERVATORY OF MUSIC. THEY EMBRACE A SINGLE VISION OF ACCESS AND EXCELLENCE. THEY ALSO SUPPORT A SINGLE MISSION: TO PROVIDE THE HIGHEST QUALITY PERFORMING ARTS EDUCATION BY AN OUTSTANDING FACULTY IN AN OPTIMAL ENVIRONMENT. IN BOTH DIVISIONS, THE PRIMARY FOCUS IS ON CLASSICAL MUSIC WITH AN EMPHASIS ON PERFORMANCE. THE SCHOOL OF PERFORMING ARTS ("CSPA") HAS PROGRAMS IN EARLY CHILDHOOD, MUSIC, DANCE AND DRAMA. THE SCHOOL ALSO SPONSORS SEVERAL COMMUNITY SERVICE PROGRAMS WHICH BRING MUSIC TO CHILDREN IN A NUMBER OF LOCAL AND INNER-CITY SCHOOLS. THERE ARE 1,700 STUDENTS OF ALL AGES ENROLLED IN CSPA. THE CONSERVATORY OF MUSIC OFFERS A BACHELOR OF MUSIC DEGREE, ARTIST DIPLOMA, PERFORMANCE DIPLOMA AND PROFESSIONAL STUDIES CERTIFICATE ACCREDITED BY THE NATIONAL ASSOCIATION OF SCHOOLS OF MUSIC. THERE ARE PRESENTLY 116 STUDENTS IN THIS DIVISION. 28702643 true true false false false false false false true true true false true false false false false true true false false false true true true false false false false false false false false false true false false false false false false false false false true 65 0 true 320 true false true BD EI CJ false false false true true false false false 29 29 true false false false false false false true true false false true true true true true true true true false CA X SETH WEINTRAUB 2136212200 200 SOUTH GRAND AVENUE Los Angeles CA 90012 Wendy Kelman 1.0 X 0 0 0 Alice Coulombe 1.0 X 0 0 0 Eugene I Kreiger 1.0 X 0 0 0 Pedro Pizarro 1.0 X 0 0 0 Robert S Attiyeh 1.0 X 0 0 0 David Barry 1.0 X 0 0 0 Deborah Borda 1.0 X 0 0 0 Joan Boyett 1.0 X 0 0 0 Dan G Clement 1.0 X 0 0 0 Carol C Hogel 1.0 X 0 0 0 Catherine C Hogel 1.0 X 0 0 0 Christine Cuse 1.0 X 0 0 0 Jennifer Diener 1.0 X 0 0 0 Placido Domingo 1.0 X 0 0 0 Edmund D Edelman 1.0 X 0 0 0 Robert B Egelston 1.0 X 0 0 0 Richard Grant 1.0 X 0 0 0 Warner Henry 1.0 X 0 0 0 Thomas D Leddy 1.0 X 0 0 0 Steven F Matt 1.0 X 0 0 0 Ian White Thomson 1.0 X 0 0 0 Peter Whybrow 1.0 X 0 0 0 Richard W Colburn 1.0 X 0 0 0 Lucy Farber 1.0 X 0 0 0 Beverly Ryder 1.0 X 0 0 0 Armin Sadoff 1.0 X 0 0 0 Iona Benson 1.0 X 0 0 0 Toby E Mayman 1.0 X 0 0 0 Peter Wardle 1.0 X 0 0 0 Nancy Griffith Baxter 1.0 X 0 0 0 Richard Beene 40.0 X X X 210526 0 0 Seljuk Kardan 40.0 X X X 145257 0 0 Seth Weintraub 40.0 X X X 0 0 0 Patrick Morrow 40.0 X X 0 0 0 Robert McAllister 40.0 X X 112761 0 0 Allison Sampson 40.0 X X 0 0 0 Paul Coletti 40.0 X 167072 0 0 Yehuda Gilad 40.0 X 165364 0 0 Ronald Leonard 40.0 X 232248 0 0 John Perry 40.0 X 172468 0 0 Robert Lipsett 40.0 X 299302 0 0 Susan Solomon 40.0 X 138239 0 12960 Miguel Angel Corzo 40.0 X 274216 0 0 Michael Hockett 40.0 X 183875 0 0 Jean Sommerville 40.0 X 199886 0 0 Deborah Berman 40.0 X 219000 0 0 2520214 0 12960 13 true true false Linc Facility Services LLC PO Box 951343 DALLAS TX 75395 Building Engineers 334911 Universal Protection Solutions PO Box 512719 LOS ANGELES CA 90059 Security Services 341793 2 4015245 17600 4015245 TUITION INCOME 8069960 8069960 RENTAL INCOME 425742 425742 8495702 3479566 -333388 3812954 0 0 68756554 74846331 -6089777 -6089777 -6089777 270852 144779 126073 126073 0 0 NEXTEL REVENUE 12262 12262 FILM SHOTS 171378 171378 UBIT REFUND 99962 99962 355 355 283957 10310766 8667435 -333388 -2038526 0 5360565 5360565 0 0 0 0 9818743 7862130 1329621 626992 347862 287607 38106 22150 680120 528287 88972 62860 726766 596950 83548 46268 38523 32744 3852 1926 98742 83931 9874 4937 8763 8763 0 17000 17000 494607 494607 2798852 2060159 636745 101948 59781 40950 4263 14568 664746 457440 155415 51891 110651 94099 11035 5517 0 1725571 1490580 157287 77704 106151 96506 9006 639 0 36850 5030 14290 17529 3093263 2629273 309326 154663 0 5378729 4571920 537873 268936 521994 404826 93247 23741 SUBSCRIPTIONS 62412 48319 7951 6142 FURNITURE AND EQUIPMENT 24914 22034 1920 960 INSTRUMENTS AND MUSIC 180633 175605 2852 2176 TRAINING AND DEVELOPMENT 5429 4689 541 199 LIBRARY 46539 46485 36 18 2007614 1793751 141563 72300 34415820 28702643 4131930 1581064 4365735 7556554 6671880 4289466 396617 581274 153568066 21796894 136807101 131771172 105218219 115395620 43170843 37272181 3410575 9079709 300040970 305945976 1192840 1426216 272099 241683 134115000 134115000 9193239 13113167 144773178 148896066 X 118934446 121484142 3556060 2227255 32777286 33338513 155267792 157049910 300040970 305945976 X false true true X false X false false false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 109614631 69543 14835574 3166388 121353360 134666936 7057721 -30297002 1813024 109614631 0.72240 0.27270 0.00290 false false 138214804 14873098 123341706 575096 196368 378728 6362743 4395229 1967514 8415424 2332200 6083224 131771172 OTHER SECURITIES 37272181 37272181 0 INTEREST RATE SWAP AGREEMENTS 13113167 13113167 10310766 34415820 -24105054 24207099 17193354 41400453 17295399 28238805 24207099 -6279060 17928039 10310766 10310766 28136759 28136759 6279061 6279061 34415820 Use of Endowment Funds Part V, Question 4 The School's endowment consists of approximately 16 individual funds established for a variety of purposes including scholarships, programs, facility replacement fund, and faculty compensation. RECONCILIATION OF CHANGE IN NET ASSETS Schedule D, Part XI, Question 8 The Colburn Music Fund, a separate, private foundation for tax purposes, files its own tax return. Therefore, it is not included in this return. It is included in the audited financial statements in accordance with Generally Accepted Accounting Principles because it irrevocably benefits the School. For the School's tax return, any Colburn Music Fund transactions appear as reconciling items between audited financial statement amounts and tax return amounts. Unrealized loss on interest rate swap related to bonds: ($3,919,928) Change in interest in Colburn Music Fund: $21,113,282 Total: $17,193,354 RECONCILIATION OF REVENUE AND EXPENSES TO AUDITED FINANCIAL STATEMENTS Part XII, Question 2D; PART XIII, QUESTION 4B Expenses from rental activity ($423,887), investment managers ($494,607), and scholarships ($5,360,565) netted with respective revenue, gains, and other support line item on audited financial statements, but reported as expenses and losses on return. true true true PUBLISHED ANNUALLY DURING REGISTRATION PERIOD IN NEWSPAPER GOING TO WI LOS ANGELES AREA. true true true true false false false false false false false false false false true X X X X X X X true ALLISON SAMPSON General false 4015245 17000 4015245 4015245 17000 4015245 Celebrate Colbr 270852 270852 144779 0 270852 270852 144779 144779 126073 true SCHOLARSHIPS - CONSERVATORY 118 5048736 SCHOLARSHIPS - CSPA 167 311829 Procedures for monitoring the use of grant funds in the U.S. Schedule I, Part I, Question 2 Grants made by the school are to students at the school. They are used to pay tuition for lessons at the school and are effectively discounts on tuition charged. X true true X X X true false false false false false false false false Deborah Berman 219000 0 0 0 0 0 219000 0 211407 0 Miguel Angel Corzo 252332 0 0 21884 0 22500 0 0 296716 0 560679 0 Michael Hockett 183875 0 0 0 15450 0 0 199325 0 281127 0 Susan Solomon 138239 0 0 0 12960 0 0 151199 0 0 Jean Sommerville 199886 0 0 0 16737 0 0 216623 0 225898 0 Richard Beene 210526 0 0 0 17500 0 0 228026 0 241818 0 Paul Coletti 167072 0 0 0 14125 0 0 181197 0 0 Yehuda Gilad 165364 0 0 0 0 0 165364 0 0 Ronald Leonard 232248 0 0 0 17883 0 0 250131 0 270273 0 John Perry 172468 0 0 0 15015 0 0 187483 0 208084 0 Robert Lipsett 299302 0 0 0 24982 0 0 324284 0 325579 0 Questions regarding compensation Part I, Line 4A Jean Sommerville: $184,113 Mike Hockett: $169,950 Deborah Berman $229,775 CIEDB SERIES 2006A and 2006B 630304653 13033WXA6 2006-11-30 132925000 TO REFUND BONDS ISSUED ON 3/30/05 false false CIEDB SERIES 2008A 630304653 13033WV67 2008-12-08 69190000 TO REFUND CIEDB SERIES 2006B BONDS false false 2925000 2925000 true false true true 1190000 1190000 true false true true false false false false false true false false false false false true false true false false false true false true false false false true WELLS FARGO BANK SEE SCHEDULE O SEE SCHEDULE O false BROAD STAGE SEE SCHEDULE O SEE SCHEDULE O false COLBURN FOUNDATIONCOLBURN MUSIC FU SEE SCHEDULE O SEE SCHEDULE O false written conflict of interest policy Part VI, Section B, Question 12c A questionnaire is sent to all governing board members at least annually. A Conflicts Committee, consisting of the Chairman of the Board, the Chairman of the Audit Committee, and the Chairman of the Governance Committee, reviews all conflict issues disclosed or otherwise brought to its attention. The Committee keeps current and accurate minutes of its deliberations and may determine that a conflict exists but poses no risk of harm to the School or that some remedial action or intervention is appropriate. Form 990 review process Part VI, Section B, Question 11A The Form 990 is completed annually and reviewed by the CFO with the President and the Audit Committee. Once the CFO, President and Audit Committee are in agreement on the final 990, copies are provided to the entire governing board. The Audit Committee reviews the 990 with the governing board. Once the 990 is considered final, the CFO will sign the final form 990 and submit by the filing deadling and, if any changes were made, an updated version of the 990 is sent to the entire governing board. Determination of Compensation Part VI, Section B, Questions 15a and 15b The process for determining compensation applies to the compensation of the following persons: The School's chief employed executive, the School's chief financial officer, other officers employed by the School, as determined by reference to the School's bylaws and resolutions of its governing board, or as otherwise designated consistent with state law, but at a minimum, those officers required by applicable state law, the School's key employees, defined as any employee of the School who meets all three of the following tests: (a) receives reportable compensation in excess of $150,000 for the year, (b) has responsibility, powers or influence over the School as a whole that is similar to those of officers, directors, or trustees or manages a discrete segment or activity of the School that represents 10% or more of the School's capital expenditures, operating budget or compensation for employees; and (c) is one of the 20 employees with the highest reportable compensation from the School for the year. The process for reviewing and approving compensation includes review and approval by the board of directors or compensation committee of the School, provided that persons with conflicts of interest with respect to the compensation arrangement at issue are not involved in the review and approval; the use of data as to comparable compensation for similarly qualified persons in funtionally comparable positions at similarly situated organizations; and comtemporaneous documentation and recordkeeping with respect to the deliberations and decisions regarding the compensation arrangement. Disclosure of organizational documents to the public Part VI, Section C, Question 19 Governing documents and conflict of interest policy of the school, subject to the Federal or California state public disclosure rules are made publicly available as applicable law may require. Otherwise, governing documents and conflict of interest policy are provided to the public at the discretion of management. The financial statements and Form 990 of the School are publicly available as required by state public disclosure rules. The bylaws of the School are publicly available as a part of the Form 990. The School's website contains a statement to this effect and invites the public to contact the School if they wish to have this information. Upon receipt of an email, regular mail or telephone inquiry, the School sends the requested information. Board member having a family relationship with another board member Part VI, Section A, Question 2 Board member Catherine Hogel is the daughter of board member Carol Colburn Hogel. Board member Richard W. Colburn is the brother of Carol Colburn Hogel and the uncle of Catherine. DESCRIPTION OF BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS SCHEDULE L, PART IV, COLUMNS B - D NANCY BAXTER, A BOARD MEMBER OF THE SCHOOL, IS A SENIOR VICE PRESIDENT AT WELLS FARGO BANK WHICH IS A MAJOR AND KEY VENDOR OF THE SCHOOL PROVIDING LOANS AND OTHER BUSINESS TRANSACTIONS. SHE SERVES AT THE EDUCATION AND NONPROFIT DIVISION OF WELLS FARGO BANK WHERE SHE HAS NO INTEREST, INFLUENCE OR CONTROL OVER ANY BUSINESS TRANSACTIONS AND AT WELLS FARGO BANK. THE AMOUNT OF TRANSACTION BETWEEN THE SCHOOL AND WELLS FARGO BANK VARIES AS THERE WERE MULTIPLE TRANSACTIONS THAT OCCURRED DURING THE YEAR. ADDITIONAL INFORMATION IS AVAILABLE UPON REQUEST. Eugene Krieger, Vice Chairman of the School, serves as an officer and director of the Colburn Foundation as well as the Colburn Music Fund, both of which directly support the School. During the fiscal year, the School received a contribution of $2,000,000 from Colburn Foundation as disclosed on Schedule B. Jennifer Diener, Board of Director of the School, serves as a director of the Broad Stage, from whom the School periodically leases performance space. There is no benefit to Mrs. Diener nor does she direct the School's performance space rentals. ISSUANCE COSTS FROM PROCEEDS SCHEDULE K, PART II, LINE 5 THE BREAKDOWN OF THE ISSUANCE COSTS FROM PROCEEDS FOR THE CIEDB SERIES 2006A/2006B AND CIEDB SERIES 2008A BONDS IS AS FOLLOWS: CIEDB SERIES 2006A AND 2006B ISSUANCE COSTS = $1,042,768 CREDIT ENHANCEMENT FEES = $1,882,232 CIEDB SERIES 2008A ISSUANCE COSTS = $1,047,354 CREDIT ENHANCEMENT FEES = $142,646 RECLASSIFICATIONS OF PRIOR YEAR'S PROGRAM SERVICE REVENUE AND GRANTS PAID FORM 990, PAGE 1, PART I, LINE 9 & LINE 13 For comparative purposes, prior year amounts were reclassified to conform to the current year presentation. The costs associated with Conservatory scholarships, and the income value of these scholarships, were broken out. This change in presentation had no net effect on the income or loss.