2024-05-10T14:25:27-05:00 2023-06-30 366055558 GRANT THORNTON LLP 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2022-07-01 136162648 INSTITUTE OF MUSICAL ART INST 2127995000 60 LINCOLN CENTER PLAZA NEW YORK NY 10023 JOSEPH POLISI TRUSTEE 2127995000 2024-05-10 1 JOSEPH POLISI XXX-XX-XXXX 1 DANIEL ROMANO P00504182 2125990100 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z BRUCE KOVNER PRESIDENT 60 LINCOLN CENTER PLAZA NEW YORK NY 10023 0 0 X N/A X 1905 NY SUPPORT OF THE JUILLIARD SCHOOL, A 501(C)(3) ORGANIZATION. 3 2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 577228 618517 0 0 0 0 0 0 0 0 0 577228 618517 -577228 -618517 12555370 12345130 0 0 12555370 12345130 THE MISSION OF THE INSTITUTE OF MUSICAL ART (IMA) IS SUPPORT OF THE JUILLIARD SCHOOL (JUILLIARD), A 501(C)(3) EXEMPT ORGANIZATION THROUGH ANNUAL DISTRIBUTIONS FROM THE IMA'S ENDOWMENT FUNDS. 0 0 618517 618517 0 SUPPORT PAID TO THE JUILLIARD SCHOOL, A 501(C)(3) EXEMPT ORGANIZATION. 618517 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 2 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 X MICHAEL KERSTAN 2127995000 60 LINCOLN CENTER PLAZA NEW YORK NY 10023 JOSEPH POLISI TRUSTEE 1.00 50.00 X 0 350469 63589 CHRISTINE TODD TREASURER 1.00 0.00 X X 0 0 0 BRUCE KOVNER PRESIDENT 1.00 0.00 X X 0 0 0 0 350469 63589 0 0 1 0 0 0 0 0 0 618517 618517 618517 618517 0 0 12555370 12345130 12555370 12345130 0 0 X 12555370 12345130 12555370 12345130 12555370 12345130 -618517 408277 0 X 0 1 X 1 0 X X 1 THE JUILLIARD SCHOOL 131624067 2 1 618517 0 1 618517 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 12555370 408277 618517 12345130 13620449 487851 577228 12555370 10513947 3663140 556638 13620449 10939065 116772 541890 10513947 11092389 391953 545277 10939065 1.00000 0.00000 0.00000 0 1 1 0 SHARES IN THE JUILLIARD SCHOOL'S INVESTMENT PORTFOLIO 12345130 F 12345130 X PART V, LINE 4: THE INTENDED USE OF THE ENDOWNMENT FUNDS OF THE IMA IS TO PROVIDE SUPPORT TO THE JUILLIARD SCHOOL. THE FUNDS WERE USED ENTIRELY FOR THAT PURPOSE. PART X, LINE 2: INCOME TAXES THE IMA RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE TAX POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. THE IMA DID NOT RECOGNIZE ANY UNRELATED BUSINESS INCOME TAX LIABILITY FOR THE YEARS ENDED JUNE 30, 2023 AND 2022. 1 THE JUILLIARD SCHOOL 60 LINCOLN CENTER PLAZA NEW YORK NY 10023 131624067 501(C)(3) 618517 0 SUPPORT OF JUILLIARD 1 FORM 990, SCHEDULE I, PART I, LINE 2: THE GRANT AWARDED TO THE JUILLIARD SCHOOL IS UNRESTRICTED AND SUPPORTS JUILLIARD'S OPERATIONS. JUILLIARD'S ANNUAL OPERATING COSTS FAR EXCEED THE GRANT AMOUNT, AND THE GOVERNING BOARD OF THE IMA CLOSELY MONITORS THE ACTIVITIES AND OPERATIONS OF JUILLIARD TO ENSURE THAT JUILLIARD'S RESOURCES ARE USED APPROPRIATELY AND IN ACCORDANCE WITH ITS MISSION. 0 0 0 0 0 0 0 0 0 JOSEPH POLISI TRUSTEE 0 339707 0 0 0 10762 0 30500 0 33089 0 414058 0 0 PART I, LINE 1A THE IMA DID NOT PROVIDE ANY OF THE ITEMS LISTED ON PART I, LINE 1A TO ANY PERSONS LISTED IN FORM 990, PART VII, SECTION A, LINE 1A DURING THE CURRENT YEAR. FURTHERMORE, IT DOES NOT PROVIDE REIMBURSEMENT OF ANY EXPENSES, INCLUDING THOSE LISTED IN LINE 1A, BECAUSE ITS ONLY ACTIVITY IS SUPPORT OF THE JUILLIARD SCHOOL THROUGH ANNUAL DISTRIBUTIONS FROM ITS INVESTMENT PORTFOLIO, WHICH IS MANAGED BY JUILLIARD. SINCE THERE ARE NO EMPLOYEES OF THE IMA AND NO OFFICERS OR TRUSTEES ARE COMPENSATED BY THE IMA, THE MEASURES LISTED IN PART I, LINE 3 TO DETERMINE COMPENSATION ARE NOT APPLICABLE. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT COPY OF THE FORM 990 IS SENT ELECTRONICALLY TO THE BOARD MEMBERS OF THE IMA BEFORE IT IS FILED. ANY COMMENTS OR QUESTIONS ARE ADDRESSED PRIOR TO FILING THE FINAL FORM 990. FORM 990, PART VI, SECTION B, LINE 12 SINCE THE IMA HAS NO EMPLOYEES AND ITS ONLY ACTIVITY IS SUPPORT OF THE JUILLIARD SCHOOL, THE IMA DOES NOT MAINTAIN ITS OWN EMPLOYEES AND ORGANIZATIONAL POLICIES. TRUSTEES WHO ARE ALSO EMPLOYEES OR TRUSTEES OF JUILLIARD ABIDE BY THE POLICIES OF JUILLIARD, AND THE IMA FOLLOWS THE POLICIES OF JUILLIARD WITH RESPECT TO OTHER ORGANIZATIONAL MATTERS. FORM 990, PART VI, SECTION C, LINE 19 INFORMATION ABOUT THE IMA IS MADE AVAILABLE TO THE PUBLIC UPON REQUEST. THE IMA DOES NOT MAINTAIN ITS OWN WEBSITE, SINCE ITS ACTIVITES ARE LIMITED TO SUPPORT OF JUILLIARD AND IT HAS NO EMPLOYEES. FORM 990, PART X, LINE 12 & PART XI, LINE 5: UNDER THE TERMS OF AN INVESTMENT MANAGEMENT AGREEMENT WITH THE JUILLIARD SCHOOL, A 501(C)(3) ORGANIZATION, THE ASSETS OF THE IMA ARE INVESTED BY JUILLIARD IN ITS INVESTMENT PORTFOLIO, WHICH INCLUDES PUBLICLY-TRADED SECURITIES AND ALTERNATIVE INVESTMENTS. THE IMA'S INVESTMENT IS REPRESENTED BY SHARES THAT IT PURCHASED IN JUILLIARD'S INVESTMENT PORTFOLIO, AND SEPARATE FUND RECORDS ARE MAINTAINED TO RECORD INCOME, GAINS, LOSSES, AND THE VALUE OF THE IMA'S INVESTMENT. THE JUILLIARD SCHOOL 60 LINCOLN CENTER PLAZA NEW YORK NY 10023 131624067 EDUCATION NY 501(C)(3) LINE 2 N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 THE JUILLIARD SCHOOL B 618517 FMV