Academy Of Vocal Arts in Philadelphia, Pennsylvania (PA)

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Academy Of Vocal Arts
Employer Identification Number (EIN)231352001
Name of OrganizationAcademy Of Vocal Arts
Address1920 Spruce St, Philadelphia, PA 19103-6613
ActivitiesSchool, college, trade school, etc., Scholarships (other)
SubsectionCharitable Organization
Ruling Date05/1938
DeductibilityContributions are deductible
FoundationSchool
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2014
Assets$10,000,000 to $49,999,999
Income$5,000,000 to $9,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$39,407,092
Amount of Income$8,858,207
Form 990 Revenue Amount$5,908,500
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Performing Arts Schools


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Amount of income in 2014: $8,858,207
Academy Of Vocal Arts: 

 $8,858,207
Other organizations performing similar types of work: 

 $393,152

Assets in 2014: $39,407,092
This organization: 

 $39,407,092
Other organizations performing similar types of work: 

 $218,085

Expenses in 2013: $3,362,056
This organization: 

 $3,362,056
Other organizations performing similar types of work: 

 $434,489

Income to expenses ratio in 2013: 2.6
Academy Of Vocal Arts: 

 2.6
Other organizations performing similar types of work: 

 1.0

Expenses allocated to program services in 2007: 76.4%
Academy Of Vocal Arts: 

 76.4%
Other organizations performing similar types of work: 

 79.7%

Number of employees in 2013: 32
Academy Of Vocal Arts: 

 32
Other organizations performing similar types of work: 

 25

Employees paid over $100,000 in 2013: 6.3%
This organization: 

 6.3%
Other organizations performing similar types of work: 

 0.0%

Grants share in income in 2013: 74.0%
This organization: 

 74.0%
Other organizations performing similar types of work: 

 22.8%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Functional expenses for 2013

Checklist
20122013
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?YesYes
Is the organization required to complete Schedule B, Schedule of Contributors?YesYes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?NoNo
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?NoNo
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?NoNo
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?NoNo
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?NoNo
Did the organization maintain collections of works of art, historical treasures, or other similar assets?NoNo
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?NoNo
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?YesYes
Did the organization report an amount for land, buildings, and equipment?YesYes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?YesYes
Did the organization report an amount for investments-program related that is 5% or more of its total assets?NoNo
Did the organization report an amount for other assets that is 5% or more of its total assets?NoNo
Did the organization report an amount for other liabilities?YesYes
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?YesYes
Did the organization obtain separate, independent audited financial statements for the tax year?YesYes
Was the organization included in consolidated, independent audited financial statements for the tax year?NoNo
Is the organization a school described in section 170(b)(1)(A)(ii)?YesYes
Did the organization maintain an office, employees, or agents outside of the United States?NoNo
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?NoNo
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?NoNo
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?NoNo
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?NoYes
Did the organization report more than $15,000 total of fundraising event gross income and contributions?NoYes
Did the organization report more than $15,000 of gross income from gaming activities?NoNo
Did the organization operate one or more hospital facilities?NoNo
Did the organization attach a copy of its audited financial statements?NoNo
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?NoNo
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?YesYes
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?NoYes
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?NoNo
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?NoNo
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?NoNo
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?NoNo
Did the organization engage in an excess benefit transaction with a disqualified person during the year?NoNo
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?NoNo
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?NoNo
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?NoNo
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?NoNo
A family member of a current or former officer, director, trustee, or key employee?NoNo
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?NoNo
Did the organization receive more than $25,000 in non-cash contributions?NoYes
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?NoNo
Did the organization liquidate, terminate, or dissolve and cease operations?NoNo
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?NoNo
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?NoNo
Was the organization related to any tax-exempt or taxable entity?NoNo
Did the organization have a controlled entity within the meaning of section 512(b)(13)?NoNo
Did the organization make any transfers to an exempt non-charitable related organization?NoNo
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?NoNo
Statements Regarding Other IRS Filings and Tax Compliance
201120122013
The number reported in Box 3 of Form 10967682
The number of Forms W-2G00
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?YesYes
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return3032
Did the organization file all required federal employment tax returns?YesYes
Did the organization have unrelated business gross income of $1,000 or more during the year?YesYesYes
Has it filed a Form 990-T for this year?YesYes
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?NoNo
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?NoNo
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?NoNo
Did the organization file Form 8886-T?NoNo
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?NoNo
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?NoNo
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?NoYes
Did the organization notify the donor of the value of the goods or services provided?NoYes
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?NoNo
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNo
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNo
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?NoNo
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?NoNo
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?NoNo
Did the sponsoring organization make any taxable distributions under section 4966?NoNo
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?NoNo
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities $0$0$0
Gross income from members or shareholders$0$0$0
Gross income from other sources$0$0$0
Is the organization filing Form 990 in lieu of Form 1041?NoNo
The amount of tax-exempt interest received or accrued during the year$0$0
Is the organization licensed to issue qualified health plans in more than one state?NoNo
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0$0
The amount of reserves on hand$0$0
Did the organization receive any payments for indoor tanning services during the tax year?NoNo
Has it filed a Form 720 to report these payments?NoNo
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
20122013
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$233,833$244,667
Total reportable compensation from related organizations$0$0
Total estimated amount of other compensation from the organization and related organizations$62,349$54,748
Total number of individuals who received more than $100,000 of reportable compensation from the organization22
Total number of independent contractors who received more than $100,000 of compensation from the organization00
Statement of Revenue
201120122013
Total revenue$4,056,426$8,232,786$5,961,308
Contributions, Gifts, Grants and Other Similar Amounts$1,879,709$4,642,250$4,411,471
Program Service Revenue$362,744$454,753$304,517
Theater Companies and Dinner Theaters $454,753$304,517
All other program service revenue$0$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$1,064,721$1,144,076$1,179,890
Income from investment of tax-exempt bond proceeds$0$0$0
Royalties$0$0$0
Net rental income$-35,924$-60,444$6,971
Gross rents (Real / Personal)$55,800 / $0$51,500 / $0$12,133 / $0
Less: rental expenses (Real / Personal)$91,724 / $0$111,944 / $0$5,162 / $0
Rental income or (loss) (Real / Personal)$-35,924 / $0$-60,444 / $0$6,971 / $0
Net gain/loss from sales of assets other than inventory$713,187$1,922,802$99,296
Gross amount from sales of assets other than inventory (Securities / Other)$3,018,176 / $0$13,479,711 / $0$1,643,337 / $0
Less: cost or other basis and sales expenses (Securities / Other)$2,304,989 / $0$11,556,909 / $0$1,544,041 / $0
Gain or (loss) (Securities / Other)$713,187 / $0$1,922,802 / $0$99,296 / $0
Net income/loss from fundraising events$39,052$129,349$-40,837
Gross income from fundraising events$119,494$228,365$103,802
Less: direct expenses$80,442$99,016$144,639
Net income/loss from gaming activities$0$0$0
Net income/loss from sales of inventory$0$0$0
Miscellaneous Revenue$32,937$0$0
Statement of Functional Expenses
201120122013
Total functional expenses$3,085,338$3,093,896$3,362,056
Grants and other assistance to domestic organizations and domestic governments$0$0
Grants and other assistance to domestic individuals$181,924$194,035
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$0$0
Benefits paid to or for members$0$0
Compensation of current officers, directors, trustees, and key employees$284,999$296,182$152,911
Compensation not included above, to disqualified persons$0$0
Other salaries and wages$896,232$1,058,590$1,221,038
Pension plan accruals and contributions$28,357$38,328
Other employee benefits$121,371$130,675
Payroll taxes$82,525$92,942$110,377
Fees for services (non-employees)
Management$0$0
Legal$0$0
Accounting$56,150$0
Lobbying$0$0
Professional fundraising services$0$0$0
Investment management fees$0$21,361
Other$5,546$197,496
Advertising and promotion$0$115,717
Office expenses$108,594$29,332
Information technology$0$61,883
Royalties$0$0
Occupancy$0$0
Travel$0$0
Payments of travel or entertainment expenses for any federal, state, or local public officials$0$0
Conferences, conventions, and meetings$0$9,063
Interest$0$5,397
Payments to affiliates$0$0
Depreciation, depletion, and amortization$115,277$157,812
Insurance$69,480$71,790
Other expenses$296,200$256,049
Other expenses$186,413$198,261
Other expenses$118,897$123,814
Other expenses$73,680$80,974
Other expenses$284,293$185,743
Balance Sheet
201120122013
Total assets$25,776,295$28,437,156$32,366,610
Cash - non-interest-bearing$716,760$222,274
Savings and temporary cash investments$109,929$0
Pledges and grants receivable, net$2,596,891$2,331,254
Accounts receivable, net$18,955$8,137
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$0$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0$0
Notes and loans receivable, net$0$0
Inventories for sale or use$0$0
Prepaid expenses and deferred charges$141,438$85,348
Land, buildings, and equipment: cost or other basis$3,750,191$5,742,940
Investments - publicly traded securities$14,490,296$17,003,980
Investments - other securities$6,612,696$6,972,677
Investments - program-related$0$0
Intangible assets$0$0
Other assets$0$0
Total liabilities$1,951,122$2,009,596$2,027,403
Accounts payable and accrued expenses$85,784$35,174
Grants payable$0$0
Deferred revenue$31,582$69,793
Tax-exempt bond liabilities$0$0$0
Escrow or custodial account liability$0$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0$0
Secured mortgages and notes payable to unrelated third parties$1,860,000$1,860,000$1,860,000
Unsecured notes and loans payable to unrelated third parties$0$0$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$32,230$62,436
Total net assets or fund balances$23,825,173$26,427,560$30,339,207
Unrestricted net assets$9,738,014$10,548,257
Temporarily restricted net assets$3,375,619$3,563,119
Permanently restricted net assets$13,313,927$16,227,831
Capital stock or trust principal, or current funds$0$0
Paid-in or capital surplus, or land, building, or equipment fund$0$0
Retained earnings, endowment, accumulated income, or other funds$0$0$0
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:A school described in section 170(b)(1)(A)(ii)
Number of organizations supported0
Sum of amounts of support$0
Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002001200220032004200520062007
Total revenue$9,600,664$1,777,787$1,180,237$2,595,315$2,853,580$3,424,183$3,530,513$3,363,815
Contributions, gifts, grants, and similar amounts received$8,815,332$892,375$672,246$1,155,615$1,059,112$1,135,378$1,143,059$1,030,992
Contributions to donor advised funds$0$0
Direct public support$8,801,176$871,083$650,296$1,131,315$1,037,570$1,074,131$1,079,431$970,135
Indirect public support$0$0$0$0$0$0$0$0
Government contributions (grants)$14,156$21,292$21,950$24,300$21,542$61,247$63,628$60,857
Program service revenue including government fees and contracts$178,249$149,902$208,345$232,543$338,409$365,736$387,565$372,778
Membership dues and assessments$0$0$0$0$0$0$0$0
Interest on savings and temporary cash investments$50,874$20,034$7,711$8,584$16,833$3,386$2,018$474
Dividends and interest from securities$186,995$378,388$590,755$563,216$513,041$551,532$940,617$953,522
Net rental income or (loss)$719$7,455$450$0$0$0$0$15,620
Gross rents$7,969$15,000$500$0$0$0$0$15,620
Less: rental expenses$7,250$7,545$50$0$0$0$0$0
Other investment income$400,131$548,000$440,000$390,580$458,000$466,324$478,000$560,002
Gain or (loss) from sales of assets other than inventory$-115,508$-317,828$-820,860$141,247$336,341$758,142$465,906$269,369
Gross amount from sales of assets other than inventory$1,736,220$1,238,542$4,168,277$971,177$1,774,988$7,651,458$3,716,508$5,190,349
Less: cost or other basis and sales expenses$1,851,728$1,556,370$4,989,137$829,930$1,438,647$6,893,316$3,250,602$4,920,980
Net income or (loss) from special events and activities$56,893$69,126$57,240$81,165$106,824$111,498$86,395$130,355
Gross revenue$113,185$120,428$153,777$161,603$253,352$202,165$178,891$237,519
Less: direct expenses other than fundraising expenses$56,292$51,302$96,537$80,438$146,528$90,667$92,496$107,164
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0$0$0$0
Other revenue$26,979$30,335$24,350$22,365$25,020$32,187$26,953$30,703
Total expenses$1,847,067$2,037,450$2,381,425$2,544,569$2,635,371$2,704,860$2,715,575$2,844,124
Program services$1,493,820$1,555,360$1,734,106$1,927,458$2,049,507$2,027,706$2,093,302$2,173,703
Management and general$312,434$460,483$595,038$245,603$259,082$301,094$304,764$334,349
Fundraising$40,813$21,607$52,281$371,508$326,782$376,060$317,509$336,072
Payments to affiliates$0$0$0$0$0$0$0$0
Net assets or fund balances at end of year$15,113,921$22,403,476$21,257,045$23,545,398$24,253,015$25,640,630$28,243,067$25,226,457
Excess or (deficit) for the year$7,753,597$-259,663$-1,201,188$50,746$218,209$719,323$814,938$519,691
Net assets or fund balances at beginning of year$7,799,769$15,113,921$22,026,488$21,257,045$23,545,398$24,253,015$25,640,630$28,243,067
Other changes in net assets or fund balances$-439,445$7,549,218$431,745$2,237,607$489,408$668,292$1,787,499$-3,536,301
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$2,844,124$2,173,703$334,349$336,072
Grants paid from donor advised funds$0
Other grants and allocations$140,500
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$454,564$219,736$145,204$89,624
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$807,657$640,093$53,236$114,328
Pension plan contributions not included above$15,678$14,236$0$1,442
Employee benefits not included above$86,050$65,417$0$20,633
Payroll taxes$82,733$56,986$12,037$13,710
Professional fundraising fees$0$0$0$0
Accounting fees$26,500$0$26,500$0
Legal fees$0$0$0$0
Supplies$35,699$3,865$31,834$0
Telephone$11,954$0$11,954$0
Postage and shipping$120,837$120,837$0$0
Occupancy$56,847$56,847$0$0
Equipment rental and maintenance$0$0$0$0
Printing and publications$0$0$0$0
Travel$0$0$0$0
Conferences, conventions, and meetings$0$0$0$0
Interest$0$0$0$0
Depreciation, depletion, etc.$150,509$150,509$0$0
Other expenses not covered above$854,596$704,677$53,584$96,335
Balance Sheets
20002001200220032004200520062007
Total assets$15,161,219$22,488,822$21,379,406$23,669,099$24,417,175$25,784,112$28,372,680$27,238,902
Cash - non-interest-bearing$33,028$15,347$144,611$75,736$82,421$42,426$78,432$152,758
Savings and temporary cash investments$715,301$3,745,008$219,284$268,129$123,987$95,294$500,300$348
Accounts receivable less allowance for doubtful accounts$0$0$0$0$0$0$5,776$5,776
Pledges receivable less allowance for doubtful accounts$7,257,336$499,307$275,708$115,246$37,666$7,434$183,548$264,536
Grants receivable$0$0$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$139,761$106,561$51,687$49,565$35,390$29,300$2,950$0
Inventories for sale or use$0$0$0$0$0$0$0$0
Prepaid expenses and deferred charges$7,902$3,069$7,836$25,645$31,335$18,708$66,099$25,192
Investments - publicly-traded securities$0$0
Investments - other securities$0$7,452,957$17,722,800$20,271,898$21,305,219$22,936,936$24,946,450$22,420,248
Investments - land, buildings, and equipment less accumulated depreciation$0$0$2,957,480$2,862,880$2,801,157$2,654,014$2,589,125$4,370,044
Investments - other$4,396,566$8,049,417$0$0$0$0$0$0
Land, buildings, and equipment less accumulated depreciation$2,611,325$2,617,156$0$0$0$0$0$0
Other assets, including program-related investments$0$0$0$0$0$0$0$0
Total liabilities$47,298$85,346$122,361$123,701$164,160$143,482$129,613$2,012,445
Accounts payable and accrued expenses$47,298$85,346$49,843$54,137$94,620$94,341$35,276$87,496
Grants payable$0$0$0$0$0$0$0$0
Deferred revenue$0$0$25,695$20,680$25,331$4,073$53,965$28,860
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0$0$0
Mortgages and other notes payable$0$0$0$0$0$0$0$1,860,000
Other liabilities$0$0$46,823$48,884$44,209$45,068$40,372$36,089
Total liabilities and net assets/fund balances$15,161,219$22,488,822$21,379,406$23,669,099$24,417,175$25,784,112$28,372,680$27,238,902
Total net assets or fund balances$15,113,921$22,403,476$21,257,045$23,545,398$24,253,015$25,640,630$28,243,067$25,226,457
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001200220032004200520062007
Total revenue$9,600,664$1,777,787$1,180,237$2,595,315$2,853,580$3,424,183$3,530,513$3,363,815
Total revenue, gains, and other support per audited financial statements$9,236,761$1,192,656$2,122,409$4,925,360$3,528,279$4,183,142$5,410,508$-65,322
Other expenses$-363,903$-585,131$942,172$2,330,045$674,699$758,959$1,879,995$-3,429,137
Net unrealized gains on investments$-439,445$-500,199$882,133$1,217,827$178,629$219,022$807,288$-1,928,637
Donated services and use of facilities$12,000$12,000$20,000$12,000$38,763$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0$0$0
Other$63,542$-96,932$40,039$1,100,218$457,307$539,937$1,072,707$-1,500,500
Other revenue$0$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001200220032004200520062007
Total expenses$1,847,067$2,037,450$2,381,425$2,544,569$2,635,371$2,704,860$2,715,575$2,844,124
Total expenses and losses per audited financial statements$1,922,609$2,108,297$2,498,012$2,637,007$2,820,662$2,795,527$2,808,071$2,951,288
Other revenue$75,542$70,847$116,587$92,438$185,291$90,667$92,496$107,164
Donated services and use of facilities$12,000$12,000$20,000$12,000$38,763$0$0$0
Prior year adjustments$0$0$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0$0
Other$63,542$58,847$96,587$80,438$146,528$90,667$92,496$107,164
Other expenses$0$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
40$120,000$25,204$0
40$85,000$4,624$0
40$118,333$27,815$0
40$70,083$3,505$0
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings36
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?Yes
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 200628
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$1,921,755$411,068
Program service revenue
Program service revenue 1000000$000$0$280,533
Program service revenue 2000000$000$0$65,768
Program service revenue 3000000$000$0$26,477
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$474$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$953,522$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$15,620
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$560,002$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$269,369$0
Net income or (loss) from special events000000$0Income from an activity that is not regularly carried on (section 512(a)(1))$130,355$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$0Income from an activity that is not regularly carried on (section 512(a)(1))$8,033$22,670
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$55,000$2,750$0
$65,000$0$0
$66,167$23,586$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isSchool
Support Schedule
19992000200120022003200420052006
Total$0$0$0$0$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0$0$0$0$0
Membership fees received$0$0$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0$0$0$0$0$0
Net income from unrelated business activities not included above$0$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0$0
Other income$0$0$0$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Unrelated Trade or Business Income (for 2009)
IncomeExpensesNet
Total$71,150$112,247$-41,097
Gross receipts or sales less returns and allowances$0$0$0
Cost of goods sold$0$0$0
Gross profit$0$0$0
Capital gain net income$0$0$0
Net gain$0$0$0
Capital loss deduction for trusts$0$0$0
Income (loss) from partnerships and S corporations$0$0$0
Rent income$0$0$0
Unrelated debt-financed income$71,150$112,247$-41,097
Interest, annuities, royalties, and rents from controlled organizations$0$0$0
Investment income of a section 501(c)(7), (9), or (17) organization$0$0$0
Exploited exempt activity income$0$0$0
Advertising income$0$0$0
Other income$0$0$0
Deductions Not Taken Elsewhere (for 2009)
Total deductions$0
Compensation of officers, directors, and trustees$0
Salaries and wages$0
Repairs and maintenance$0
Bad debts$0
Interest$0
Taxes and licenses$0
Charitable contributions$0
Depreciation$0
Depletion$0
Contributions to deferred compensation plans$0
Employee benefit programs$0
Excess exempt expenses$0
Excess readership costs$0
Other deductions$0
Unrelated business taxable income$-41,097
Unrelated business taxable income before net operating loss deduction$-41,097
Net operating loss deduction$0
Unrelated business taxable income before specific deduction$-41,097
Specific deduction$1,000
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Curtis Institute Of Music1726 Locust St, Philadelphia, PA 19103-6107PA1924-10$53,301,998
2Settlement Music School Of Philadelphia416 Queen St, Philadelphia, PA 19147-3021PA1932-10$15,459,562
3Marlboro School Of Music Inc1528 Walnut St Ste 301, Philadelphia, PA 19102-3602PA1990-11$9,361,419
4Academy Of Vocal Arts1920 Spruce St, Philadelphia, PA 19103-6613PA1938-05$8,858,207
5Usdan Center For The Creative And Performing Arts420 E 79th St, New York, NY 10075-1472NY1974-11$13,615,857
6Society Of The Third Street Music School Settlement Inc235 E 11th St, New York, NY 10003-7305NY1942-12$7,021,035
7Society For Strings Inc1424 County Route 10, Westport, NY 12993-3203NY1952-12$5,745,823
8Universal Ballet Foundation, Dba Kirov Acdy Of Ballet Wa Dc4301 Harewood Rd Ne, Washington, DC 20017-1514DC1992-08$4,872,722
9School For Strings Inc419 W 54 Stt, New York, NY 10019NY1977-09$3,466,827
10Stanford Jazz WorkshopPO BOX 20454, Stanford, CA 94309-0454CA1987-12$3,246,365
11Community Conservatory Of Music4059 Skyron Dr, Doylestown, PA 18902-1121PA1989-07$680,260
12Community Music School775 W Main St, Trappe, PA 19426-1935PA1991-11$646,763
13Cumberland Valley School Of Music1015 Philadelphia Ave, Chambersburg, PA 17201-1279PA1990-10$543,702
14The Center For Theatre Arts250 Mt Lebanon Blvd, Pittsburgh, PA 15234-1252PA1983-01$512,535
15Csehy Summer School Of Music175 Angora Pl, Secane, PA 19018-2002PA1964-09$302,078
16Balmoral School Of Highland Piping1414 Pennsylvania Ave, Pittsburgh, PA 15233-1419PA1992-11$271,256
17Academy Of Community Music Inc601 S Bethlehem Pike, Ft Washington, PA 19034-1909PA1983-05$254,183
18Suburban Music School101 Plush Mill Road, Wallingford, PA 19086-6018PA1982-06$186,041
19Westmoreland Suzuki School Of Music951 Old Salem Road, Greensburg, PA 15601PA1988-09$64,665
20Warren County Summer Music School IncPO BOX 635, Warren, PA 16365-0635PA2002-08$58,612
Number of organizations performing similar types of work
Alaska1
Arizona2
California39
Colorado1
Connecticut10
District of Columbia5
Delaware2
Florida2
Georgia3
Hawaii3
Iowa1
Idaho1
Illinois10
Indiana1
Kentucky2
Massachusetts21
Maryland5
Maine7
Michigan6
Minnesota7
Missouri2
Montana1
North Carolina5
North Dakota1
Nebraska2
New Hampshire4
New Jersey12
New Mexico2
Nevada1
New York50
Ohio2
Oklahoma2
Oregon3
Pennsylvania17
Rhode Island1
Tennessee3
Texas10
Utah1
Virginia8
Vermont5
Washington10
Wisconsin6
Wyoming1
International2
Total280

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