2024-05-12T11:53:57-07:00 2023-12-31 990 2023-01-01 660942233 GUAM CONSERVATORY OF ARTS INC GUAM 6719297799 PO BOX 8959 TAMUNING GU 96931 Eugene Bordallo President 6719297799 2020-08-10 1 2023 2024-08-08 14:25:15Z GUAM CONSERVATORY OF ARTS Eugene Bordallo PO Box 8959 Tamuning GU 96931 164542 0 X GuamConservatory.Org X 2020 GU PERFORMING ARTS SCHOOL SERVING DISADVANTAGED YOUTH ON GUAM, ORGANIZATION IS STILL IN ITS CONSTRUCTION PHASES BUILDING OUT ITS FACILITY WITH PROGRAMMING MINIMALLY IN PLACE 5 5 0 10 0 0 194707 109641 15957 51691 69 137 619 3073 211352 164542 0 9000 0 0 0 0 0 0 0 162271 109053 162271 118053 49081 46489 85195 112846 34474 15636 50721 97210 PERFORMING ARTS SCHOOL FOR DISADVANTAGED YOUTH ON GUAM. ORGANIZATION IS IN ITS CONSTRUCTION PHASE-BUILDING OUT ITS FACILITY. MINIMAL SERVICES RENDERED. 0 0 88176 8900 70169 ORGANIZATION CONTINUED ITS PROGRAMMING IN CLASSICAL BALLET AND MUSIC LESSONS AND FOR CHILDREN AGES 5-18. 0 0 0 88176 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 GU X X X EUGENE B BORDALLO 6719297799 PO BOX 8959 TAMUNING GU 96931 X EUGENE B BORDALLO PRESIDENT 40 X X X 0 0 0 REBECCA Z GRUNZKE TREASURER 1 0.00 X X 0 0 0 MARILYN MANIBUSAN DIRECTOR 1 0 X 0 0 0 MICHAEL A PANGELINAN SECRETARY 1 0 X X 0 0 0 JUDY NICHOLSON DIRECTOR 1 0 X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 11052 98589 94373 109641 INSTRUCTION IN MUSIC, DANCE, AND DRAMA 611600 51691 51691 0 0 0 0 0 0 51691 137 137 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 ADJUSTMENTS (REFUNDS/RETURNS) 900099 2211 2211 0 0 STARTING CASH 900099 862 862 0 0 0 0 0 0 3073 164542 54901 0 0 X 100 100 8900 8900 0 0 16157 16007 150 1514 1514 7764 7764 49609 49609 3022 3022 LOAN REPAYMENT 19126 0 19126 MEALS 1238 0 1238 CREDIT CARD SERVICES 2262 0 2262 INSTRUMENTS 6991 0 6991 1370 1260 110 118053 88176 29877 0 45400 272 21594 0 112574 0 18201 112574 85195 112846 34474 15636 34474 15636 X 50721 97210 0 0 50721 97210 85195 112846 46489 0 0 0 0 0 X 0 0 0 X 15268 15268 0 0 0 0 15268 15268 0 15268 15268 X 31249 186877 15268 233394 4200 23787 51691 79678 0 0 35449 210664 66959 313072 313072 0 0 35449 210664 66959 313072 X 0 0 0 0 0 0 0 0 0 0 0 90420 0 0 90420 22154 0 0 22154 112574 1 Scholarships for indigent students attending organization's arts programs 11 0 8900 Value of services Tuition, registration, and other incidental expenses Schedule I, Part I, Line 2 NEEDS-BASED SCHOLARSHIPS ARE OFFERED TO STUDENTS OF DISADVANTAGED HOUSEHOLDS WHO DOCUMENT FINANCIAL NEED. A SCHOLARSHIP COMMITTEE COMPOSED OF NON-INTERESTED PERSONS DETERMINE ELIGIBILITY FOR THE POOL OF APPLICANTS. THE SCHOLARSHIP COMMITTEE MAINTAINS RECORDS OF APPLICATIONS AND DISPOSITION OF AWARDS. Eugene B Bordallo President SEED MONEY X 34474 15636 0 1 1 15636 EUGENE B BORDALLO Founder CEO 52540 Seed money 0 Form 990, Part VI, Section B, Line 11b TREASURER OF THE CORPORATION AND PRESIDENT COMPLETED FORM 990 AND CIRCULATED AN ELECTRONIC COPY OF THE WORKING FORM 990 VIA EMAIL TO BOARD OF DIRECTORS AND REQUESTED ITS REVIEW. AFTER NO OBJECTIONS TO THE DOCUMENT, THE BOARD VOTED AND AGREED TO ACCEPT FORM 990 AND TO MAKE SUBMISSION, REFLECTED IN CORPORATE MINUTES. Form 990, Part VI, Section B, Line 12c ALL BOARD DIRECTORS REQUIRED TO SIGN CONFLICT OF INTEREST POLICY DOCUMENT, ON ALL MATTERS REQUIRING A VOTE, BOARD DIRECTORS DISCUSS ISSUES POSING A CONFLICT. IF CONFLICT EXISTS, INTERESTED PERSONS ARE REQUESTED TO ABSTAIN FROM FURTHER DISCUSSION AND FROM VOTING. ALL SUCH ISSUES HAVE BEEN DOCUMENTED IN ORG MINUTES AND RELEVANT RESOLUTIONS. Form 990, Part VI, Section B, Line 15 FY 2021 CEO SALARY. W/O INVOLVEMENT OF THE CEO BOARD PRESIDENT, THE BOARD OF DIRECTORS RESEARCHED CEO COMPENSATIONS FOR A PERFORMING ARTS CONSERVATORY EXEC DIRECTOR COMPARABLE IN RESPONSIBILITIES AND COST OF LIVING. THE BOARD EXCUSED THE CEO AND DISCUSSED HIS COMPENSATION PACKAGE; VOTING COMMENCED, THE CEO WAS NOT PRESENT WHEN VOTING TOOK PLACE. VOTE REGARDING CEO COMPENSATION WAS RECORDED IN OFFICIAL MINUTES AND IN CORP RESOLUTION. Form 990, Part VI, Section C, Line 19 The organization made its governing documents, conflict of interest policy, and financial statements available to the public during the tax year through the organization's official website and available upon request from organization's official email and mailing addresses. Form 990, Part IX, Line 11g FOR SERVICES RENDERED BY ARTS INSTRUCTORS, PIANO TUNERS, AN EVENT ADMINISTRATOR, TRADESMEN, AND THE LIKE. MGM & GEN = BANKING FEES