2011-02-28T14:09:45-00:00 2010-05-31 990 2009-06-01 231585611 Curtis Institute of Music CURT 2157173134 1726 Locust Street Philadelphia PA 19103 Joseph M Slater 2157173134 2011-02-25 false 2009 2016-02-24 21:20:13Z Same Roberto Diaz President 1726 Locust Street Philadelphia PA 19103 62646541 false X ww.Curtis.edu X 1924 PA The Curtis Institute of Music is a tuition free School of Music that strives to educate and train exceptionally gifted young musicians for performing careers on the highest professional level. Attendance averages 165 students. 46 39 433 25 0 67716122 26091754 888145 910594 -2112741 1705217 -12948259 7319841 53543267 36027406 0 0 6486511 5797593 0 1208287 5792535 5706661 12279046 11504254 41264221 24523152 152383022 179270443 5358419 7722688 147024603 171547755 The Curtis Institute of Music is a tuition free School of Music that strives to educate and train exceptionally gifted young musicians for performing careers on the highest professional level. Attendance averages 165 students. false false 7408414 910594 The Curtis Institute of Music is a tuition free school of music that strives to educate and train exceptionally gifted young musicians for performing careers on the highest professional level. Attendance averages 165 students. 7408414 true true false false false false false false true true true false true false false false false false false false false false false true false false false false false false false false true false false false false true false false false true 125 0 true 433 true false false false false false true true false false false true true 46 39 false false false false false false false true true false false true true true true true true true true false PA X X Joseph Slater 2157173134 1726 Locust Street Philadelphia PA 19103 Mr HF Lenfest 001.00 X X 0 0 0 Mr Edward A Montgomery Jr 001.00 X X 0 0 0 Mr Alan R Hirsig 001.00 X X 0 0 0 Ms Deborah M Fretz 001.00 X X 0 0 0 Mrs Nina Albert 001.00 X 0 0 0 Mr Frank S Bayley 001.00 X 0 0 0 Mr Peter A Benoliel 001.00 X 0 0 0 Mrs Cary William Bok 001.00 X 0 0 0 Ms Victoria Bok 001.00 X 0 0 0 Mr Blair Bollinger 001.00 X 0 0 0 Mr Sheldon M Bonovitz 001.00 X 0 0 0 Dr Luther W Brady 001.00 X 0 0 0 Mrs Carolyn S Burger 001.00 X 0 0 0 Mr Joseph A Camarda 001.00 X 0 0 0 Mr Roberto Diaz 035.00 X X 323776 0 0 Mr Mikael Eliasen 035.00 X 0 0 0 Mr Joseph M Field 001.00 X 0 0 0 Dr Bruce Jay Gould 001.00 X 0 0 0 Mr Frederick R Haas 001.00 X 0 0 0 Mr Scott M Jenkins 001.00 X 0 0 0 Ms Bobby Ellen Kimbel Phd 001.00 X 0 0 0 Mr James R Ledwith Esquire 001.00 X 0 0 0 Dr Bong S Lee 001.00 X 0 0 0 Mrs Lisa Liem 001.00 X 0 0 0 Mrs Sueyun P Locks 001.00 X 0 0 0 Mrs Christina Weiss Lurie 001.00 X 0 0 0 Mrs Betty H Matarese 001.00 X 0 0 0 Mr John H McFadden 001.00 X 0 0 0 Ms Jeanne M McGinn Phd 001.00 X 0 0 0 Mr Frank J Mechura 001.00 X 0 0 0 Mr John J Medveckis 001.00 X 0 0 0 Ms Barbara Moskow 001.00 X 0 0 0 Mr Robert H Mundheim 001.00 X 0 0 0 MR John A Nyheim 001.00 X 0 0 0 Mr Shaun F O'Malley 001.00 X 0 0 0 Mr Albert E Piscopo 001.00 X 0 0 0 Mr Robert Pollack 001.00 X 0 0 0 Mr William H Roberts Esquire 001.00 X 0 0 0 Dr Milton L Rock 001.00 X 0 0 0 Mr Robert H Rock 001.00 X 0 0 0 Mr Mark E Rubenstein 001.00 X 0 0 0 Mr Brett Rubinson 001.00 X 0 0 0 Mrs Barbara Oaks Silver 001.00 X 0 0 0 Mr Jay H Tolson 001.00 X 0 0 0 Mrs Penelope P Watkins 001.00 X 0 0 0 Mr Jack Wolgin 001.00 X 0 0 0 Ms Elizabeth B Warshawer 035.00 X 234957 0 0 Ms Elizabeth A Wright 035.00 X 154492 0 0 Ms Melinda Whiting 035.00 X 112487 0 0 Mr Charles Sterne III 035.00 X 107552 0 0 Mr Robert Fitzpatrick 035.00 X 122533 0 0 1055797 6 true true false Intech Construction Inc 3001 Market Street Philadelphia PA 19104 Construction Services 15056529 Venturi Scott Brown and Associates 4236 Main Street Philadelphia PA 191271696 Architectural Services 1226134 Razak Company One South Broad Street Suite 1700 Philadelphia PA 19107 Development Management Services 602897 Keystone Health Plan East 1901 Market Street Philadelphia PA 19103 Health Insurance Provider 384697 Allied Barton Security Services 1625 Chestnut Street Philadelphia PA 19103 Security Services 189841 19 4864935 5409491 15817328 269827 26091754 Student fees 615818 615818 Concert income 195756 195756 Student awards from outside sources 99020 99020 910594 1371316 1371316 26953036 26619135 333901 333901 333901 Unrealized gains losses 7232360 7232360 Interest on operating funds 23052 23052 64429 64429 7319841 36027406 910594 9025058 0 0 0 0 0 0 4631956 2705407 1374009 552540 370975 207746 103873 59356 425205 238115 119057 68033 369457 206896 103448 59113 0 34796 34796 49088 49088 0 0 0 0 387003 387003 0 0 847303 550748 186406 110149 357217 310833 46384 0 0 0 0 565618 367652 124436 73530 0 Student Financial Aid 1186255 1186255 Fundraising expenses 280987 280987 Instructional expenses 155815 155815 Student Services expenses 1207133 1207133 Institutional expenses 445897 427629 13689 4579 189549 189549 11504254 7408414 2887553 1208287 426305 193098 6906037 10433000 42563343 35085406 301069 233153 106441 62354 62353533 10515844 34886950 51837689 64874558 79660757 2318319 1764986 152383022 179270443 3239677 5696202 133550 140050 1985192 1886436 5358419 7722688 X 54172267 78116450 58554699 52193356 34297637 41237949 147024603 171547755 152383022 179270443 X false true true X false X 0.00000 0.00000 0.00000 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false 64874558 9759120 8937577 255410 3655088 79660757 79105493 8496084 -18757132 273755 3696132 64874558 0.49000 0.37000 0.14000 false false 13308592 13308592 38235120 5123235 33111885 10809821 5392609 5417212 51837689 Split Interest Liabilities 1886436 Split-interest liabilities - The Institute records assets, liabilities and revenue relating to gifts donated in the form of split-interest agreements for which it serves as trustee. The types of split-interest agreements include gift annuities, pooled income funds and charitable remainder unitrusts. The assets received are recorded at their fair value at the time of receipt as restricted support in accordance with donor imposed restrictions until a stipulated time restriction ends or specified condition is met. Liabilities represent the net present value of expected future payments of income earned or a fixed percentage of the assets owed to the beneficiaries designated by the donors on the basis of their estimated life expectancies. Contribution revenues are recognized at the amount of the difference of assets received and expected future payments. Over the term of the agreements, amortization of the discount on the liability and effects of changes in the life expectancy of the beneficiary are recorded as adjustments to the liability and amortization of discount and change in actuarial assumptions on split interest agreements. Discount rates ranged from 3.2 to 3.4 for gifts received during the year ended May 31, 2010. Discount rates ranged from 3.6 to 8.0 for gifts received prior to and during the year ended May 31, 2009. 1886436 36027406 11504254 24523152 24523152 36027406 36027406 36027406 11504252 11504252 11504252 X 2 The Institute is exempt from federal income taxes under section 501c3. Effective June 1, 2009, management adopted the accounting standard, Accounting for Uncertainty in Income Taxes. This standard clarifies the accounting and reproting for uncertainties in income tax positions taken or expected to be taken in filing with taxing jurisdictions, using minimum recognition and measurement thresholds. X 2 Management has reviewed tax positions taken in filings with federal jurisdictions and believes those positions would be sustained should the filings be examined by the relevant taxing authority. These tax filings for fiscal 2007, 2008 and 2009 are subject to examination, generally for three years after they were filed. X 2 Should settlement of an examination or other event result in a change in managements evaluation of a tax position taken or expected to be taken in filings that have not been closed by statute or examination, any interest and penalties related to the unrecognized tax benefit as a result of the uncertain tax position would be included in interest and administrative expenses, respectively. true true false There is no solicitation program. The School does not actively recruit students. The Schools nondiscriminatory policy is posted on its website in the information for admissions section. It is also included in the student handbook which is distributed during the registration period. true true true true false false false false false false false false true false Students at the Institute receive federal aid in the form of Pell grants and Stafford loans. true X X X true false false false false false false false false Mr Roberto Diaz 323776 48565 372341 390356 Ms Elizabeth B Warshawer 234957 28195 263152 299708 Ms Elizabeth A Wright 154492 23175 177667 149977 Mr Robert Fitzpatrick 122533 6105 128638 136499 I 4A Severance payments were made to the former Dean of the School who retired at the end of the May 31, 2009 School year. These payments are included in Part II of Schedule J. X 14 254827 Market values X Musical instruments 2 15000 Appraised values false true false Form 990 VI 10 The form 990 was discussed by the Executive Committee of the Board of Trustees of the Institute at its bi-monthly meeting. Form 990 VI 12 Conflict of interest statements are submitted by the members of the Institutes Board of Trustees annually. Form 990 VI 15 Compensation for officers and key employees of the Institute is reviewed by the Human Resources Committee and approved by the Board of Trustees. Form 990 VI 19 Governing documents, conflict of interest policy and financial statements of the Institute are available to the public upon request. Schedule E Form 990 or 990-EZ Financial Aid or Government Assistance Line 6a The org receives aid, Line 6b The org has had their aid revoked or suspended. Students at the Institute receive federal aid in the form of Pell grants and Stafford loans. Mary Louise Curtis Bok Foundation 1726 Locust Street Philadelphia PA 19103 236000615 Foundation PA 501c3 Public N/A false false true false false false false false false false true false false false false true false false Mary Louise Curtis Bok Foundation c 4864935