2024-05-03T16:35:51-05:00 2023-06-30 450250958 EIDE BAILLY LLP 10681 FOOTHILL BLVD STE 300 RANCHO CUCAMONGA CA 917303831 990 2022-07-01 953900207 PASADENA CONSERVATORY OF MUSIC PASA 6266833355 100 N HILL AVE PASADENA CA 91106 STEPHEN MCCURRY EXECUTIVE DIRECTOR 6266833355 2024-04-25 1 STEPHEN MCCURRY 999009999 1 CATHERINE L GRAY CPA P01294460 9094664410 2024-04-25 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z STEPHEN MCCURRY 100 N HILL AVE PASADENA CA 91106 5312904 0 X WWW.PASADENACONSERVATORY.ORG X 1984 CA TO PROVIDE OPPORTUNITIES FOR ALL STUDENTS TO STUDY, PERFORM AND ENJOY MUSIC. 12 12 112 40 0 0 6443379 3292545 1519962 1800742 -5589 78380 0 -3019 7957752 5168648 0 0 0 0 1935303 2214666 0 0 195842 922091 980034 2857394 3194700 5100358 1973948 15881465 17937144 302092 379281 15579373 17557863 X PCM'S MISSION IS TO: EDUCATE THROUGH A COMPREHENSIVE CURRICULUM TAUGHT BY AN EXCEPTIONAL FACULTY; ADVOCATE FOR THE VALUE OF MUSIC STUDY; INSPIRE THROUGH PERFORMANCES OF TRADITIONAL, CONTEMPORARY, AND MULTICULTURAL MUSIC; AND, SHARE OUR EXPERTISE WITH A BROAD SPECTRUM OF THE COMMUNITY. 0 0 2429729 1800742 OUTREACH PROGRAMS ARE PROVIDED TO APPROXIMATELY 750 STUDENTS AT VARIOUS SITES IN THE PASADENA AREA. ON SITE INSTRUCTION PROGRAMS ARE PROVIDED TO APPROXIMATELY 800 STUDENTS THROUGH A COMPREHENSIVE CURRICULUM. ABOUT 75 PERFORMANCES WERE PRESENTED DURING THE YEAR FOR AN AUDIENCE OF APPROXIMATELY 3,500. 2429729 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 24 0 1 112 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CA X PASADENA CONSERVATORY OF MUSIC 6266833355 100 N HILL AVE PASADENA CA 91106 LAURIE SOWD BOARD CHAIR 1.00 X X 0 0 0 ALISON LIFLAND SECRETARY FROM SEPT. 1.00 X X 0 0 0 JUDITH KELLY DIRECTOR 1.00 X 0 0 0 ERIC LEE TREASURER FROM SEPT. 1.00 X X 0 0 0 ANDREW ROOKE DIRECTOR 1.00 X 0 0 0 ANN BARRETT DIRECTOR 1.00 X 0 0 0 DAVE DAVIS DIRECTOR 1.00 X 0 0 0 CRAIG MATSUDA DIRECTOR FROM NOV 1.00 X 0 0 0 JANE KACZMAREK DIRECTOR 1.00 X 0 0 0 GREG PIESCHALA DIRECTOR FROM JAN 1.00 X 0 0 0 JUNE LI DIRECTOR 1.00 X 0 0 0 RICHARD GOETZ DIRECTOR 1.00 X 0 0 0 THOMAS KIDDE DIRECTOR 1.00 X 0 0 0 STEPHEN MCCURRY EXECUTIVE DIRECTOR 40.00 X 156923 0 17070 156923 0 17070 1 0 1 0 0 65575 3226970 116054 3292545 TUITION INCOME 611600 1737913 1737913 SALES AND RENTALS 611600 62829 62829 1800742 78050 78050 100533 100203 330 330 330 41034 44053 -3019 -3019 5168648 1800742 0 75361 161314 64526 72592 24196 1879800 1407338 347766 124696 14495 13011 1096 388 159057 119356 29317 10384 29642 29642 50771 49230 1185 356 258117 246288 9531 2298 53697 10809 42810 78 49147 28497 16374 4276 68571 66491 1599 481 8599 6556 1866 177 264950 256909 6182 1859 44722 40407 4023 292 RECITALS AND CONCERTS 85124 58088 3249 23787 FEE FOR SERVICE PROGRAM 21769 21769 PROGRAM EQUIPMENT AND S 19294 19294 OTHER PROGRAM EXPENSES 11209 11209 14422 9951 1897 2574 3194700 2429729 569129 195842 4102494 5429762 217683 2263332 2405341 62784 79608 19124 16469 12796998 3185837 8872931 9611161 295107 325960 48010 68843 15881465 17937144 135721 158044 118361 152394 48010 68843 302092 379281 X 9574289 9317539 6005084 8240324 15579373 17557863 15881465 17937144 X 1973948 5928 -1386 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 295107 1600 13137 9537 300307 68641 226200 266 295107 66953 1200 488 68641 64342 1500 1111 66953 63117 500 725 64342 0.08470 0.90050 0.01480 0 0 2258400 2258400 1791334 751550 1039784 8747264 2434287 6312977 9611161 DEFERRED COMPENSATION 68843 68843 X 5218979 5928 350 44053 50331 5168648 0 5168648 3240489 350 45439 45789 3194700 0 3194700 PART V, LINE 4: THE CONSERVATORY HAS TWO SEPARATE ENDOWMENT FUNDS: THE ESTELLE SCHLUETER SCHOLARSHIP FUND AND THE OLIN BARRETT ENDOWMENT FUND. THE ESTELLE BROUSSARD SCHLUETER SCHOLARSHP FUND IS RESTRICTED TO SUBSIDIZING A SCHOLARSHIP FOR ONE OUTSTANDING PIANO STUDENT EACH YEAR. THE OLIN BARRETT FUND IS RESTRICTED TO FUND THE MAINTENANCE OF THE OLIN AND ANN BARRETT RECITAL HALL, AND CONTEMPORARY/EXPERIMENTAL MUSIC PROGRAMS AT THE CONSERVATORY. PART X, LINE 2: MANAGEMENT BELIEVES THAT THE CONSERVATORY HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE CONSERVATORY WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AND LIABILITIES IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS - SCHEDULE G 44,053. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON UNCOLLECTIBLE PLEDGES AND TUITION 1,386. SPECIAL EVENTS - SCHEDULE G 44,053. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 WEB-BASED AND OTHER ADVERTISEMENTS CONTAIN REFERENCE TO THE PASADENA CONSERVATORY OF MUSIC NON-DISCRIMINATORY POLICY. OUTREACH PROGRAMS ARE PRESENTED AT LOCAL PUBLIC SCHOOLS, AND STUDENTS ARE RECRUITED FROM THE LOCAL COMMUNITY. ENROLLMENT RECORDS INDICATE THAT STUDENTS OF DIVERSE RACIAL AND ETHNIC BACKGROUNDS ARE REPRESENTED IN MEANINGFUL NUMBERS. MUSICAL INTERLUDES 36660 36660 11454 12233 4622 HOLIDAY PARTY 4374 4374 5634 150 114 41034 41034 17088 12383 4736 34207 6827 1 X X X X 0 0 0 0 0 0 0 0 0 STEPHEN MCCURRY EXECUTIVE DIRECTOR 156923 0 0 0 0 0 16538 0 532 0 173993 0 0 0 X 335 MARKET VALUE X 6 100878 MARKET VALUE X MUSICAL EQUIPMENT 7 14250 COMPARABLE SALES AND X CONCERT TICKETS 1 591 COMPARABLE SALES AND 0 1 0 PART I, COLUMN (B): THE NUMBER IS THE AMOUNT OF CONTRIBUTORS. FORM 990, PART VI, SECTION A, LINE 1A THE BOARD OF DIRECTORS DELEGATES THE POWER OF AUTHORITY TO THE EXECUTIVE COMMITTEE IN ACCORDANCE WITH THE BYLAWS. THE EXECUTIVE COMMITTEE THEN HAS THE AUTHORITY TO CARRY OUT GOVERNANCE AS OUTLINED IN THE BYLAWS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN OUTSIDE CPA FIRM AND A DRAFT IS PROVIDED TO THE EXECUTIVE DIRECTOR, FINANCE MANAGER, TREASURER, AND ALL FINANCE COMMITTEE BOARD MEMBERS, INCLUDING THE BOARD CHAIR, TO REVIEW AND MAKE RECOMMENDATIONS. A FINAL DRAFT OF THE RETURN IS PROVIDED TO ALL BOARD MEMBERS. THE FILING IS APPROVED BY THE EXECUTIVE DIRECTOR. FORM 990, PART VI, SECTION B, LINE 12C IF ANY DIRECTOR WHO QUALIFIES AS AN INTERESTED DIRECTOR AS DESCRIBED IN SECTION 5.3 OF THE CONSERVATORY'S BYLAWS IS ASSUMED TO HAVE A CONFLICT OF INTEREST HE/SHE MUST INFORM THE BOARD CHAIR OR EXECUTIVE DIRECTOR. A REMINDER OF THIS ANNUAL OBLIGATION TO DISCLOSE WILL BE MADE BY THE BOARD CHAIR AT THE FIRST BOARD MEETING OF EACH FISCAL YEAR FORM 990, PART VI, SECTION B, LINE 15A A COMPENSATION COMMITTEE COMPRISED OF BOARD MEMBERS IS RESPONSIBLE FOR RECOMMENDING EXECUTIVE DIRECTOR COMPENSATION FOR APPROVAL BY THE BOARD OF DIRECTORS. BENCHMARK DATA FROM THE FIELD (COMMUNITY ARTS EDUCATION) AND FROM THE LOCAL NON-PROFIT SECTOR IS PERIODICALLY REVIEWED AND CONSIDERED IN DETERMINING EXECUTIVE DIRECTOR COMPENSATION. LAST REVIEWED MAY 2022. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST, COPIES OF THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: LOSS ON UNCOLLECTIBLE PLEDGES AND TUITION -1,386.