2024-08-06T15:16:46-05:00 2023-09-30 111986323 MARCUM LLP 1601 MARKET ST 4TH FLOOR PHILADELPHIA PA 19103 990 2022-10-01 872157464 POTASH HILL INC POTA 2155694690 1528 WALNUT STREET 301 PHILADELPHIA PA 19102 PHILIP MANEVAL TREASURER 2155694690 2024-08-06 1 1 X FRANK H SMITH P00639053 2152972100 2024-08-06 2022 2024-08-08 14:25:15Z ANTHONY BERNER 1528 WALNUT STREET 301 PHILADELPHIA PA 19102 2603354 0 X WWW.POTASHHILL.ORG X 2021 VT POTASH HILL, INC. WAS CREATED TO OWN AND OPERATE THE MARLBORO MUSIC CAMPUS. 7 5 0 5 0 0 2126064 2032280 374080 494861 0 76213 0 0 2500144 2603354 0 0 0 0 401313 650611 0 0 0 1223470 1224776 1624783 1875387 875361 727967 6552048 7317596 5808296 5845877 743752 1471719 X POTASH HILL, INC. WAS CREATED IN AUGUST, 2021, AS A NOT-FOR-PROFIT ORGANIZATION TO OWN, OPERATE AND OVERSEE THE PROPERTY THAT IS THE HOME CAMPUS OF THE MARLBORO SCHOOL OF MUSIC, INC. ON SEPTEMBER 24, 2021, THE ORGANIZATION ACQUIRED THE POTASH HILL CAMPUS IN MARLBORO, VERMONT, AS AN ASSET PURCHASE, WHERE THE MARLBORO SCHOOL OF MUSIC OPERATES. 0 0 1875387 494861 TO OPERATE AND OVERSEE THE PROPERTY THAT IS THE HOME CAMPUS OF THE MARLBORO SCHOOL OF MUSIC, INC. 1875387 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 22 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 PA X X DEIRDRE O'CONNELL 2155694690 1528 WALNUT STREET 301 PHILADELPHIA PA 19102 ANTHONY BERNER PRESIDENT 2.00 6.00 X X 0 0 0 PHILIP MANEVAL TREASURER 2.00 42.00 X X 0 111678 27601 MILES COHEN BOARD MEMBER 2.00 40.00 X 0 80814 23929 MARGO DRAKOS BOARD MEMBER 2.00 1.00 X 0 0 0 ELLEN MCCULLOCH-LOVELL BOARD MEMBER 2.00 1.00 X 0 0 0 CHRISTOPHER SERKIN BOARD MEMBER 2.00 2.00 X 0 0 0 JACOB SMITH BOARD MEMBER 2.00 1.00 X 0 0 0 PAT MANLEY SECRETARY 2.00 X 0 0 0 0 192492 51530 0 0 0 0 0 2032280 2032280 CAMPUS RENTAL 532000 494861 494861 494861 76213 76213 2603354 494861 0 76213 503681 503681 146930 146930 1932 1932 7610 7610 331334 331334 184977 184977 187291 187291 SUMMER PLANT EXPENSES 496144 496144 MISCELLANEOUS 15488 15488 1875387 1875387 0 0 1626192 2574493 152940 1160 183442 198788 4885182 342027 4589474 4543155 6552048 7317596 33721 85963 5774575 5759914 5808296 5845877 X 0 0 0 0 743752 1471719 743752 1471719 6552048 7317596 727967 0 X X 0 1 X 1 0 X X 1 MARLBORO SCHOOL OF MUSIC 030186612 7 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4885182 342027 4543155 4543155 LOAN FROM MSM ENDOW PH PURCHASE 4417185 DUE TO PHC 1336229 SECURITY DEPOSITS 6500 5759914 X 12971594 10368240 10368240 2603354 0 2603354 5990544 4115157 4115157 1875387 0 1875387 PART X, LINE 2: MANAGEMENT OF THE ORGANIZATION CONSIDERS THE LIKELIHOOD OF CHANGES BY TAXING AUTHORITIES IN ITS FILED INCOME TAX RETURNS AND RECOGNIZES A LIABILITY FOR OR DISCLOSES POTENTIAL SIGNIFICANT CHANGES THAT MANAGEMENT BELIEVES ARE MORE LIKELY THAN NOT TO OCCUR UPON EXAMINATION BY TAX AUTHORITIES, INCLUDING CHANGES TO THE ORGANIZATION'S STATUS AS A NOT-FOR-PROFIT ENTITY. MANAGEMENT BELIEVES THE ORGANIZATION MET THE REQUIREMENTS TO MAINTAIN ITS TAX-EXEMPT STATUS AND HAS NOT IDENTIFIED ANY UNCERTAIN TAX POSITIONS SUBJECT TO THE UNRELATED BUSINESS INCOME TAX THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE ACCOMPANYING CONSOLIDATING FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUE OF CONSOLIDATED RELATED ORGANIZATIONS 10,368,240. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES OF CONSOLIDATED RELATED ORGANIZATIONS 4,115,157. FORM 990, PART VI, SECTION B, LINE 11B THE BUSINESS MANAGER COMPARES THE FORM 990 TO THE ENTITY'S UNDERLYING RECORDS AND ITS AUDITED FINANCIALS. ONCE SATISFIED AS TO THE COMPLETENESS AND ACCURACY OF THE FORM 990, SHE PROVIDES THE FORM 990 TO THE AUDIT COMMITTEE CHAIR. THE AUDIT COMMITTEE CHAIR WILL THEN PRESENT A DRAFT OF THE FORM 990 TO THE BOARD FOR REVIEW AND APPROVAL, PRIOR TO FINALIZING THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, THE SECRETARY OF THE BOARD OF DIRECTORS REVIEWS ANNUAL BOARD QUESTIONNAIRES FOR POTENTIAL CONFLICTS. ANY CONFLICTS ARE TAKEN TO THE BOARD FOR DISCUSSION AND THE DIRECTOR WITH THE CONFLICT IS PRECLUDED FROM ANY DIALOGUE REGARDING SAID CONFLICT. FORM 990, PART VI, SECTION C, LINE 19 THE BUSINESS MANAGER MAKES THESE ITEMS AVAILABLE, WITHIN FIVE BUSINESS DAYS OF A WRITTEN REQUEST, AT THE OFFICE LOCATION. FORM 990; PART XII; LINE 2C THIS PROCESS HAS REMAINED UNCHANGED FROM THE PRIOR YEAR. MARLBORO SCHOOL OF MUSIC INC 1528 WALNUT STREET SUITE 301 PHILADELPHIA PA 19102 030186612 MUSICAL EDUCATION VT 501(C)(3) LINE 7 N/A 0 FRANCESCO VON MENDELSSOHN FUND INC 1528 WALNUT STREET SUITE 301 PHILADELPHIA PA 19102 223059283 LOANS TO MUSICIANS VT 501(C)(3) LINE 12A, I MARLBORO SCHOOL OF MUSIC INC 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 MARLBORO SCHOOL OF MUSIC INC E 5753415 LOAN AGREEMENT