2024-02-01T14:46:54-06:00 2023-07-31 203985546 JOHNSON O'CONNOR FERON & CARUCCI LLP 101 EDGEWATER DRIVE SUITE 210 WAKEFIELD MA 01880 990 2022-08-01 046510295 WINCHESTER COMMUNITY MUSIC SCHOOL TRUST WINC 7817212950 407 HIGHLAND AVENUE WINCHESTER MA 01890 LAURIE RUSSELL EXECUTIVE DIRECTOR 7817212950 2024-01-18 1 LAURIE RUSSELL XXX-XX-XXXX 0 GISO JOSEPH P00030126 7819143400 2024-01-18 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z LAURIE RUSSELL 407 HIGHLAND AVENUE WINCHESTER MA 01890 3836926 0 X WINCHESTERMUSIC.ORG X 1984 MA TO PROVIDE STUDENTS WITH MUSIC EDUCATION AND PERFORMANCE IN THE WINCHESTER COMMUNITY AND BEYOND. 17 17 73 146 0 0 495927 1026483 1622254 1836832 214584 187819 0 0 2332765 3051134 55505 66942 0 0 1472126 1616038 0 0 160612 549078 652949 2076709 2335929 256056 715205 6691042 7777340 453556 546788 6237486 7230552 X TO PROVIDE STUDENTS WITH MUSIC EDUCATION AND PERFORMANCE IN THE WINCHESTER COMMUNITY AND BEYOND. 0 0 1748455 66942 1836832 WCMS IS A VIBRANT REGIONAL HUB FOR WORLD-CLASS MUSIC EDUCATION AND PROGRAMMING. EACH YEAR WE SERVE MORE THAN 900 STUDENTS OF ALL AGES, INTERESTS, AND SKILL LEVELS, FROM OVER 30 TOWNS. OUR APPROACH IS INDIVIDUALIZED, INTENTIONAL, AND IMMERSIVE. WE BELIEVE THAT A COMPREHENSIVE APPROACH DEVELOPS STRONG MUSICAL COMPETENCIES, AND CULTIVATES LIFE SKILLS SUCH AS MINDFULNESS, CONFIDENCE, PERSISTENCE, AND ACHIEVEMENT. WE CARE DEEPLY ABOUT EXPERT INSTRUCTION AND QUALITY PROGRAMMING, AND WORK HARD TO ESTABLISH SUPPORTIVE AND INSPIRING RELATIONSHIPS. OUR FACULTY OF 60 PERFORMING ARTISTS OFFER PRIVATE LESSONS IN A WIDE RANGE OF INSTRUMENTS AND VOICE. NEW STUDENTS CAN ENROLL AT ANY TIME AND CAN AUGMENT THEIR MUSIC STUDY WITH LESSONS IN ENSEMBLES, GROUP CLASSES, AND LESSONS IN COMPOSITION, SONG WRITING, RECORDING/PRODUCTION, OR MUSIC THEORY. 1748455 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 15 0 1 73 1 0 0 0 0 0 0 0 0 0 0 0 0 X 17 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MA X ROBERT PALMER 7817212950 407 HIGHLAND AVENUE WINCHESTER MA 01890 LAURIE RUSSELL EXECUTIVE DIRECTOR 40.00 X 125977 0 286 BRIAN ALBRECHT TRUSTEE/CHAIR 1.00 X X 0 0 0 LEIGH HURD TREASURER/TRUSTEE 1.00 X X 0 0 0 SALMA ABOUNADI TRUSTEE 1.00 X 0 0 0 MICHELLE BERGSTROM TRUSTEE 1.00 X 0 0 0 KAREN BOLOGNESE TRUSTEE 1.00 X 0 0 0 CHEN CHEN TRUSTEE 1.00 X 0 0 0 CATHY CRABTREE TRUSTEE/VICE CHAIR 1.00 X X 0 0 0 ROBERT DIETEL TRUSTEE 1.00 X 0 0 0 WEI HAN TRUSTEE 1.00 X 0 0 0 DOUGLAS HODGKINS TRUSTEE 1.00 X 0 0 0 VIRGINIA HUNG TRUSTEE 1.00 X 0 0 0 MICHAEL LORIA TRUSTEE 1.00 X 0 0 0 SHARON MUENTENER TRUSTEE 1.00 X 0 0 0 BEN SHIELDS TRUSTEE 1.00 X 0 0 0 JODY COLLINS SKINNER TRUSTEE 1.00 X 0 0 0 SUSAN VERDICCHIO TRUSTEE 1.00 X 0 0 0 ROBIN VOS TRUSTEE 1.00 X 0 0 0 ROBERT PALMER BUSINESS MANAGER 25.00 X 23426 0 0 149403 0 286 1 0 0 0 CI DESIGN FIRST FLOOR 250 SUMMER STREET BOSTON MA 02210 ARCHITECTURAL FEES 201182 ISABELPRATT PO BOX 187 DORSET VT 05251 CAPITAL CAMPAIGN CONSULTANT 176666 2 1026483 36090 1026483 TUITION & FEES 611600 1836682 1836682 RENTAL INCOME 611600 150 150 1836832 135403 135403 838208 785792 52416 52416 52416 3051134 1836832 0 187819 66942 66942 136613 66940 50547 19126 1317551 1139752 157129 20670 31775 20101 9980 1694 130099 109189 17542 3368 388 388 29851 29851 109568 3314 3672 102582 17409 17409 82525 43732 38793 51755 34505 17250 104272 68502 35770 26525 13263 13262 REPAIRS & MAINTENACE 118023 65399 52624 PERFORMANCE EXPENSE 92658 92658 FUNDRAISING 13172 13172 EDUCATION & TRAINING 3587 3533 54 3216 3216 2335929 1748455 426862 160612 8817 13717 231805 304915 111646 6419 7730 67889 159754 5108228 2523767 2104429 2584461 4271683 3038888 1556229 6691042 7777340 34301 71022 414773 471212 4482 4554 453556 546788 X 6204733 6210235 32753 1020317 6237486 7230552 6691042 7777340 715205 10893 266968 0 X X 0 1 X 1 0 X 200714 208271 207218 495927 1026483 2138613 200714 208271 207218 495927 1026483 2138613 469338 1669275 5 252515 707283 160301 135403 1255507 3394120 7950225 0.49180 0.49820 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3670096 166573 344911 3491758 4043772 -373676 3670096 3362646 841597 160471 4043772 3206125 310021 153500 3362646 3244639 108928 147442 3206125 0.99340 0.00660 0 0 656422 656422 2840492 1655408 1185084 60377 41590 18787 278440 264089 14351 1272497 562680 709817 2584461 VANGUARD INDEX 500 1064083 F VANGUARD TOTAL BOND 492146 F 1556229 GIFT CERTIFICATES 4554 4554 X 3262053 10893 266968 -66942 210919 3051134 0 3051134 2268987 -66942 -66942 2335929 0 2335929 PART V, LINE 4: THE INTENDED USE OF THE ORGANIZATION'S ENDOWMENT IS TO EXTEND THE ABILITY OF THE ORGANIZATION TO CARRY OUT THEIR EXEMPT PURPOSE AND MISSION OF MUSIC EDUCATION AND LESSONS TO STUDENTS. PART X, LINE 2: THE TRUST IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) INTERNAL REVENUE CODE. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE TRUST'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. THE TRUST HAD NO UNRELATED BUSINESS INCOME FOR THE YEAR ENDED JULY 31, 2022. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. MANAGEMENT HAS EVALUATED SIGNIFICANT TAX POSITIONS AGAINST THE CRITERIA ESTABLISHED BY PROFESSIONAL STANDARDS AND BELIEVES THERE ARE NO SUCH TAX POSITIONS REQUIRING ACCOUNTING RECOGNITION IN THE FINANCIAL STATEMENTS. MANAGEMENT DOES NOT BELIEVE ITS EVALUATION OF TAX POSITIONS WILL SIGNIFICANTLY CHANGE WITHIN 12 MONTHS OF JULY 31, 2023. ANY CHANGES IN TAX POSITIONS WILL BE RECORDED WHEN THE ULTIMATE OUTCOME BECOMES KNOWN. THE TRUST'S INCOME TAX RETURNS ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES GENERALLY FOR THE YEARS ENDED JULY 31, 2021, 2022 AND 2023. ACCRUED INTEREST AND PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS ARE RECOGNIZED AS A PART OF INTEREST EXPENSE AND MISCELLANEOUS EXPENSES, RESPECTIVELY, IN THE ACCOMPANYING STATEMENT OF ACTIVITIES. THE TRUST HAS NO ACCRUED INTEREST AND PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS AT JULY 31, 2023 AND NONE WERE INCURRED DURING THE YEAR THEN ENDED. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID AND DISCOUNTS -66,942. PART XII, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID AND DISCOUNTS -66,942. X 0 ISABELPRATT LLC PO BOX 187 DORSET VT 05251 FUNDRAISING 0 0 0 176666 176666 AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY 1 FINANCIAL AID GRANTS 49 37595 TUITION DISCOUNTS 253 29347 PART I, LINE 2: WHEN FUNDS ARE AVAILABLE, WINCHESTER COMMUNITY MUSIC SCHOOL OFFERS PARTIAL SCHOLARSHIPS TO STUDENTS WHO NEED FINANCIAL ASSISTANCE. MOST AWARDS DO NOT EXCEED 50% OF THE TUITION. AID IS GIVEN ON THE BASIS OF NEED, REGARDLESS OF RACE, CREED, OR NATIONAL ORIGIN. AID IS GRANTED BY THE SEMESTER, ACCORDING TO GUIDELINES ESTABLISHED BY THE FINANCIAL AID COMMITTEE OF THE WCMS BOARD OF TRUSTEES, AND WILL BE RENEWED ON THE BASIS OF SATISFACTORY SEMESTER PROGRESS REPORTS. X MUSICAL INSTRUMENT 17 35650 FMV X GOODS 1 440 FMV 0 0 0 SCHEDULE M, PART I, COLUMN (B) : AMOUNTS IN COLUMN B REPRESENT THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION B, LINE 11B ONE OF THE OFFICERS OR DIRECTORS SIGNS THE FORM 990 AFTER IT IS REVIEWED BY THE TREASURER. FORM 990, PART VI, SECTION B, LINE 12C ANY POTENTIAL CONFICLITS ARE REQUIRED TO BE DISCLOSED TO THE BUSINESS MANAGER AND EXECUTIVE DIRECTOR. POTENTIAL CONFLICTS ARE REGULARLY MONITORED. FORM 990, PART VI, SECTION B, LINE 15A THE CHAIRMAN OF THE BOARD OF TRUSTEES AND THE TREASURER OF THE SCHOOL, BOTH THE NON-COMPENSATED TRUSTEES OF THE SCHOOL, ARE RESPONSIBLE FOR REVIEWING AND SETTING THE ANNUAL COMPENSATION OF THE EXECUTIVE DIRECTOR. IN DETERMINING ANNUAL COMPENSATION DISCUSSIONS ARE HELD WITH THE EXECUTIVE DIRECTOR TO REVIEW GOALS AND ACCOMPLISHMENTS. ADDITIONALLY, SALARY REVIEW IS INFORMED BY GENERAL RESEARCH ON PAY INCREASES AS REPORTED IN BUSINESS PUBLICATIONS, THE GENERAL PRESS, AND SIMILAR INSTITUTIONS IN THE BOSTON AREA AS WELL AS INFORMATION GAINED FROM THE BUSINESS EXPERIENCES OF THE CHAIRMAN AND THE TREASURER. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST AT THE ORGANIZATION'S OFFICE. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES THE RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN NDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED DURING THE CURRENT YEAR.