2024-11-12T16:39:12-06:00 2023-12-31 951777440 GREEN HASSON & JANKS LLP 700 S FLOWER STREET SUITE 3300 LOS ANGELES CA 90017 990 2023-01-01 951525814 MUSIC ACADEMY OF THE WEST MUSI 8059694726 1070 FAIRWAY ROAD SANTA BARBARA CA 93108 MIMI DO CFO & VP OF ADMIN. 8059694726 2024-11-10 1 1 LIZBETH G NEVAREZ P01399868 3108731600 2024-11-10 2023 2024-10-15 13:58:12Z X SHAUNA QUILL 1070 FAIRWAY ROAD SANTA BARBARA CA 93108 12941977 0 X WWW.MUSICACADEMY.ORG X 1947 CA THE MUSIC ACADEMY OF THE WEST MAKES A UNIQUE AND ENDURING CONTRIBUTION TO THE WORLD OF MUSIC BY ADVANCING THE DEVELOPMENT OF THE NEXT GENERATION OF GREAT CLASSICALLY TRAINED MUSICIANS AND CULTIVATING DISCERNING, APPRECIATIVE, AND ADVENTUROUS AUDIENCES. 23 23 84 345 0 0 10074567 7123101 871710 978093 1654902 1174194 262866 15165 12864045 9290553 142700 92500 0 0 4233273 4614259 16852 17281 2127732 9598855 8273124 13991680 12997164 -1127635 -3706611 109781718 111989638 11288037 10535156 98493681 101454482 X THE MUSIC ACADEMY OF THE WEST MAKES A UNIQUE AND ENDURING CONTRIBUTION TO THE WORLD OF MUSIC BY ADVANCING THE DEVELOPMENT OF THE NEXT GENERATION OF GREAT CLASSICALLY TRAINED MUSICIANS AND CULTIVATING DISCERNING, APPRECIATIVE, AND ADVENTUROUS AUDIENCES. 0 0 7066211 25000 677286 THE MUSIC ACADEMY PRESENTS AN ANNUAL FULL-SCHOLARSHIP SUMMER SCHOOL AND FESTIVAL FOR 135 CLASSICALLY TRAINED FELLOWS AGES 18 TO 34. IN 2023, FOR EIGHT INTENSIVE WEEKS, OUR FELLOWS STUDIED WITH OVER 50 EXCEPTIONAL TEACHING ARTISTS, PERFORMED IN MORE THAN 100 CONCERTS AND MASTERCLASSES, AND FORGED CLOSE CONNECTIONS WITH THE COMMUNITY THROUGH OUR UNIQUE COMPEER PROGRAM. MUSIC ACADEMY ALSO SEEKS TO ENGAGE DIVERSE AUDIENCES BY OFFERING $10 COMMUNITY ACCESS TICKETS, WELCOMING EVERYONE FROM ACROSS ALL GENERATIONS, CULTURES, AND BACKGROUNDS TO EXPERIENCE THE TRANSFORMATIVE POWER OF MUSIC. 2025277 67500 300807 YEAR-ROUND, THE MUSIC ACADEMY CONTINUES ITS COMMITMENT TO MUSIC EDUCATION, PERFORMANCE, AND CAREER-ADVANCING MENTORSHIP FOR ALUMNI. THE SING! PROGRAM IS A FREE, AFTER-SCHOOL CHORAL PROGRAM FOR LOCAL ELEMENTARY STUDENTS WHICH AIMS TO INSPIRE PERSONAL GROWTH AND EXPRESSION THROUGH MUSIC. SING! HAD OVER 220 PARTICIPANTS, HELD PROGRAMS IN 6 LOCAL SANTA BARBARA COUNTY SCHOOLS, AND OFFERED UP TO 15 PERFORMANCE OPPORTUNITIES TO CHORISTERS. MUSIC ACADEMY SUPPORTED ALUMNI CREATIVE PROJECTS AND PROGRAMS GEARED TOWARDS ENTREPRENEURIAL AND "OFF-STAGE" TRAINING THROUGH THE ALUMNI ENTERPRISE AWARDS, FAST PITCH COMPETITION, MENTORSHIP, AND SUMMER RESIDENCIES. AS PART OF THE KESTON MUSIC ACADEMY EXCHANGE (MAX) PARTNERSHIP WITH THE LONDON SYMPHONY ORCHESTRA (LSO), 12 INSTRUMENTALISTS WERE SELECTED FOR A 10-DAY LONDON RESIDENCY PERFORMING SIDE-BY-SIDE WITH LSO MUSICIANS. THE MUSIC ACADEMY ALSO ENGAGED THE SANTA BARBARA COMMUNITY THROUGH ITS FALL MARIPOSA CONCERT SERIES, MET LIVE BROADCASTS, AND BY OFFERING ITS CAMPUS SPACES TO LOCAL MUSIC TEACHERS AND PERFORMING ARTS ORGANIZATIONS. 9091488 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 1 0 1 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 232 0 1 84 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 23 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X MIMI DO 8059694726 1070 FAIRWAY ROAD SANTA BARBARA CA 93108 MAURICE SINGER CHAIR 20.00 0.00 X X 0 0 0 JERROLD EBERHARDT VICE CHAIR 20.00 0.00 X X 0 0 0 PAMELA STROBEL SECRETARY 15.00 0.00 X X 0 0 0 ELLEN BARGER DIRECTOR 5.00 0.00 X 0 0 0 JUDY ASTBURY DIRECTOR 5.00 0.00 X 0 0 0 MARGARET CAFARELLI DIRECTOR 5.00 0.00 X 0 0 0 DEAN CARTER DIRECTOR 5.00 0.00 X 0 0 0 MALLY CHAKOLA DIRECTOR 5.00 0.00 X 0 0 0 CLIVE CHANG DIRECTOR 5.00 0.00 X 0 0 0 DANIEL S DOKOS DIRECTOR 5.00 0.00 X 0 0 0 DIANNE DUVA DIRECTOR 5.00 0.00 X 0 0 0 BRIDGET FOREMAN DIRECTOR 5.00 0.00 X 0 0 0 RACHEL FINE DIRECTOR 5.00 0.00 X 0 0 0 ASHLEY HOLLISTER DIRECTOR 5.00 0.00 X 0 0 0 HEEJUNG KIM DIRECTOR 5.00 0.00 X 0 0 0 KANDY LURIA BUDGOR DIRECTOR 5.00 0.00 X 0 0 0 JOSHUA RAMIREZ DIRECTOR 5.00 0.00 X 0 0 0 GAMBLE PARKS DOUVILLE DIRECTOR 5.00 0.00 X 0 0 0 DANNER SCHEFLER DIRECTOR 5.00 0.00 X 0 0 0 STEPHANIE SHUMAN DIRECTOR 5.00 0.00 X 0 0 0 PATRICK SPENCE DIRECTOR 5.00 0.00 X 0 0 0 TIM TAYLOR DIRECTOR 5.00 0.00 X 0 0 0 EDWARD CRONIN DIRECTOR 5.00 0.00 X 0 0 0 SCOTT REED PRESIDENT & CEO (END 8/15/23) 40.00 0.00 X 902635 0 52508 SHAUNA QUILL PRESIDENT & CEO(AS OF 11/23) 40.00 0.00 X 89049 0 8758 MIMI DO CFO & VP OF ADMINISTRATION 40.00 0.00 X 220298 0 19829 JONATHAN BISHOP CHIEF ADVANCEMENT OFFICER (END 8/31/23) 40.00 0.00 X 220861 0 9728 JAMIE BROUMAS CHIEF ARTISTIC OFFICER (END 12/29/23) 40.00 0.00 X 205825 0 26125 JOANNE BARNARD CHIEF ADVANCEMENT OFFICER 40.00 0.00 X 176862 0 29592 TIFFANY DEVRIES DEAN 40.00 0.00 X 160398 0 27623 CASEY MOLINO DUNN VP OF INNOVATION & PROGRAM DEVELOPMENT (END 11/10/ 40.00 0.00 X 159879 0 16002 JILL RODE DIR OF LEGACY GIVING 40.00 0.00 X 159830 0 8180 MARK CREGAR INTERIM CHIEF MARKETING & COMMUNICATIONS OFFICER ( 40.00 0.00 X 138000 0 0 MARCIA SWIRES SR DIR FINANCE & ADMINISTRATION 40.00 0.00 X 126201 0 21007 JONATHAN LEE CHAN MANAGER OF PRODUCTION & TECHNOLOGY 40.00 0.00 X 114225 0 13159 2674063 0 232511 14 0 1 0 FRANK SCHIPPER CONSTRUCTION CO 610 EAST COTA STREET SANTA BARBARA CA 93103 CONSTRUCTION 324921 SANTA BARBARA CENTER FOR THE PERFORMING 1214 STATE STREET SANTA BARBARA CA 93101 PERFORMANCE PRODUCTION 206987 SEASONS CATERING 2646 PALMA DRIVE 255 VENTURA CA 93003 CATERING 182176 TERMAR INC 2646 PALMA DRIVE 220 VENTURA CA 93003 PAINTING 147316 CLASSIC CHARTER PO BOX 288 VISALIA CA 93279 BUS TRANSPORTATION 139653 10 789261 424258 5909582 570826 7123101 CONCERTS & RECITALS 900099 589761 589761 VENUE & STUDIO RENTALS 900099 300807 300807 APPLICATION FEES 900099 87525 87525 978093 1174678 1174678 18566 0 18566 18566 18566 3244727 302524 3243986 303749 741 -1225 -484 -484 62140 789261 103673 -41533 -41533 575 16 559 559 MISCELLANEOUS 900099 37573 37573 37573 9290553 978093 0 1189359 15000 15000 72500 72500 5000 5000 2115091 1286381 248580 580130 1854950 1135543 211658 507749 50877 27875 6707 16295 312035 173064 59932 79039 281306 177994 28059 75253 35755 35755 184837 184837 17281 17281 225419 225419 122401 37130 85271 370162 286221 83941 107710 50171 23060 34479 259008 122664 64238 72106 1021878 712316 252811 56751 1369312 1346581 1117 21614 365407 125045 148207 92155 1174491 1021860 125995 26636 107238 36840 43543 26855 ARTISTIC & EDUCATIONAL 2332545 2320771 0 11774 MEALS & ENTERTAINMENT 81298 6725 2570 72003 CULTIVATION 18137 259 1653 16225 EQUIPMENT 7477 6505 873 99 490049 125043 112930 252076 12997164 9091488 1777944 2127732 700062 1168290 3308562 887251 9208610 8036490 30515 498630 89188 89813 50313272 14473348 36351121 35839924 41523522 46113656 14324447 14851396 4245691 4504188 109781718 111989638 1165790 1012019 25945 0 10096302 9523137 11288037 10535156 X 80923845 85052553 17569836 16401929 98493681 101454482 109781718 111989638 X -3706611 6551548 115864 X X 0 1 X 1 0 X 6113718 8314939 13280926 10074567 7123101 44907251 6113718 8314939 13280926 10074567 7123101 44907251 8171927 36735324 3086815 973045 1726549 1590700 1193244 8570353 24316 44120 559 68995 14126 54677 14005 145952 37573 266333 53812932 4406127 0.68260 0.63070 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 45704826 359208 6886078 4206962 48743150 52493567 2233091 -6336356 2685476 45704826 43476645 4300950 7007525 2291553 52493567 40150733 1550220 3207930 1432238 43476645 33516498 1599840 6391517 1357122 40150733 0.98910 0.01090 0.00000 0 0 724914 724914 44117054 12121059 31995995 2200271 1007823 1192448 3271033 1344466 1926567 35839924 HEDGE FUNDS 8772558 F PRIVATE EQUITY PARTNERSHIPS 4352887 F OTHER 1725951 F 14851396 X 15883870 6551548 40000 227188 6818736 9065134 225419 225419 9290553 12923069 40000 111324 151324 12771745 225419 225419 12997164 PART V, LINE 4: THE INTENTION OF THE ENDOWMENTS IS TO SUPPORT THE OPERATIONS OF THE ACADEMY. PART X, LINE 2: MUSIC ACADEMY OF THE WEST RECOGNIZES THE IMPACT OF TAX POSITIONS IN THE FINANCIAL STATEMENTS IF THAT POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED ON AUDIT, BASED ON THE TECHNICAL MERITS OF THE POSITION. DURING THE YEAR ENDED DECEMBER 31, 2023, MUSIC ACADEMY OF THE WEST PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS AND DID NOT NOTE ANY MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR WHICH MIGHT HAVE AN EFFECT ON ITS TAX-EXEMPT STATUS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF BENEFICIAL INTEREST IN TRUSTS 227,188. PART XII, LINE 2D - OTHER ADJUSTMENTS: BAD DEBT EXPENSE 111,324. 1 1 1 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 APPLICATION AND REGISTRATION MATERIALS INCLUDE A STATEMENT OF THE ACADEMY'S NON-DISCRIMINATION POLICY. SCHEDULE E, PART I, LINE 4 APPLICATION AND ENROLLMENT MATERIALS ASK STUDENTS ABOUT THEIR RACE AND ETHNICITY, BUT RESPONSES ARE VOLUNTARY AND THEY MAY CHOOSE NOT TO DISCLOSE. THE ACADEMY DOES NOT MAINTAIN RECORDS OF FACULTY AND ADMINISTRATIVE STAFF. SCHEDULE E, PART I, LINE 6 THE ORGANIZATION RECEIVED A CONTRIBUTION FROM CALIFORNIA SMALL BUSINESS - COVID-19 RELIEF GRANT PROGRAM. 1 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION 5000 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 INVESTMENTS 4697130 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 4884322 0 0 0 0 0 0 9586452 0 9586452 1 0 0 0 1 0 PART I, LINE 2: RECIPIENTS OF THE ALUMNI ENTERPRISE AWARDS ARE REQUIRED TO SUBMIT PROGRESS REPORTS AT THE END OF EACH QUARTER, AND ONE FINAL REPORT AT THE END OF THE YEAR. REPORTS MUST DETAIL THE ACTIVITIES THAT TOOK PLACE, CHALLENGES FACED AND LESSONS LEARNED, IMPACT ON EXTERNAL CONSTITUENTS AS WELL AS THE PROFESSIONAL DEVELOPMENT OF THE ARTIST, A BUDGET REPORT OF HOW FUNDS WERE SPENT, AND ANY SUPPLEMENTAL INFORMATION FROM THE MEDIA. THE ACADEMY ALSO PROVIDES EDUCATIONAL OPPORTUNITIES AND MENTORSHIP. AN ACADEMY REPRESENTATIVE MAKES EVERY EFFORT TO ATTEND ANY PERFORMANCES/EVENTS/EXHIBITS TO PROVIDE GRANTEES WITH ADDITIONAL SUPPORT AND FEEDBACK. X X X X X X X 1 KELSEY MALONE CONSULTING 1819 SAN ANDRES STREET UNIT B SANTA BARBARA CA 93101 GRANT WRITING 0 512164 17281 494883 512164 17281 494883 CA GALA 804994 759094 45900 85634 7900 AUX BALL 39637 27162 12475 7905 2000 1 6770 3005 3765 234 851401 789261 62140 93539 9900 234 103673 -41533 1 VICTORY HALL OPERA 549 LINK EVANS LANE EARLYSVILLE VA 22936 474728172 501(C)(3) 10000 0 ALUMNI ENTERPRISE AWARD 1 ALUMNI ENTERPRISE AWARDS 5 22500 COMPETITIONS 4 20000 KESTON MAX AWARDS 12 18000 FAST PITCH & DIGITAL CHALLENGE AWARDS 9 12000 PART I, LINE 2: RECIPIENTS OF THE ALUMNI ENTERPRISE AWARDS ARE REQUIRED TO SUBMIT PROGRESS REPORTS AT THE END OF EACH QUARTER, AND ONE FINAL REPORT AT THE END OF THE YEAR. REPORTS MUST DETAIL THE ACTIVITIES THAT TOOK PLACE, CHALLENGES FACED AND LESSONS LEARNED, IMPACT ON EXTERNAL CONSTITUENTS AS WELL AS THE PROFESSIONAL DEVELOPMENT OF THE ARTIST, A BUDGET REPORT OF HOW FUNDS WERE SPENT, AND ANY SUPPLEMENTAL INFORMATION FROM THE MEDIA. THE ACADEMY ALSO PROVIDES EDUCATIONAL OPPORTUNITIES AND MENTORSHIP. AN ACADEMY REPRESENTATIVE MAKES EVERY EFFORT TO ATTEND ANY PERFORMANCES/EVENTS/EXHIBITS TO PROVIDE GRANTEES WITH ADDITIONAL SUPPORT AND FEEDBACK. MUSICAL PERFORMANCE COMPETITIONS INCLUDE SOLO PIANO, DUO INSTRUMENTAL, AND MARILYN HORNE SONG COMPETITIONS. WINNERS RECEIVE A CASH AWARD AND AN OPPORTUNITY TO PERFORM A RECITAL AT THE MUSIC ACADEMY. INNOVATION COMPETITIONS INCLUDE FAST PITCH AWARDS FOR INNOVATIVE PROJECTS. FELLOWS MAY ALSO COMPETE FOR THE KESTON MAX AWARDS WHICH INCLUDES A CASH PRIZE AND OPPORTUNITY TO PERFORM WITH THE LONDON SYMPHONY ORCHESTRA. X 1 1 X X X X X X 1 0 0 1 0 0 0 1 0 SCOTT REED PRESIDENT & CEO (END 8/15/23) 302635 0 600000 0 0 0 15463 0 37045 0 955143 0 0 0 MIMI DO CFO & VP OF ADMINISTRATION 220298 0 0 0 0 0 11015 0 8814 0 240127 0 0 0 JAMIE BROUMAS CHIEF ARTISTIC OFFICER (END 12/29/23 205825 0 0 0 0 0 9054 0 17071 0 231950 0 0 0 JONATHAN BISHOP CHIEF ADVANCEMENT OFFICER (END 8/31/ 186965 0 33896 0 0 0 9348 0 380 0 230589 0 0 0 JOANNE BARNARD CHIEF ADVANCEMENT OFFICER 162362 0 14500 0 0 0 6426 0 23166 0 206454 0 0 0 TIFFANY DEVRIES DEAN 160398 0 0 0 0 0 8655 0 18968 0 188021 0 0 0 CASEY MOLINO DUNN VP OF INNOVATION & PROGRAM DEVELOPME 142052 0 0 0 17827 0 7163 0 8839 0 175881 0 0 0 JILL RODE DIR OF LEGACY GIVING 152330 0 7500 0 0 0 7754 0 426 0 168010 0 0 0 PART I, LINE 1A SCOTT REED, PRESIDENT AND CEO, RECEIVED HOUSING AS A REQUIRED CONDITION OF EMPLOYMENT AND IS INCLUDED AS PART OF EMPLOYMENT CONTRACT. PART I, LINE 4A CASEY MOLINO DUNN RECEIVED A $17,827 SEVERANCE PAYMENT. PART I, LINE 5 INCENTIVES WERE ACCRUED RELATED TO ACHIEVING REVENUE GOALS PART I, LINE 7 THE COMPENSATION COMMITTEE (EXECUTIVE COMMITTEE) OF THE BOARD APPROVED AN ANNUAL BONUS FOR THE CEO OF $100,000 PLUS A 5-YEAR RETENTION BONUS OF $500,000 PER HIS EMPLOYMENT AGREEMENT. BONUS AMOUNTS PAID TO OTHER INDIVIDUALS WERE ACCRUED IN 2022 RELATED TO ACHIEVING REVENUE GOALS. X 1 5000 FMV X 1 20059 FMV X 13 534696 FMV X 1 410 FMV X WINE BOTTLES 2 7222 FMV X FURNITURE 2 2800 FMV X FLOWERS 1 638 FMV 0 1 1 PART I, COLUMN (B): NONCASH CONTRIBUTIONS ARE LISTED BY TOTAL NUMBER OF DONORS. PART I, LINE 32B: THE ACADEMY USED AN AUTOMOBILE DONATION COMPANY AND AN ONLINE AUCTION COMPANY TO PROCESS SALES OF NON-CASH ITEMS FOR WHICH THE ACADEMY WAS THE RECIPIENT OF THE NET PROCEEDS. FORM 990, PART VI, SECTION A, LINE 1A EXECUTIVE COMMITTEE IS COMPOSED OF THE FOLLOWING MEMBERS: 1) MAURICE SINGER, CHAIR 2) JERRY EBERHARDT, VICE-CHAIR 3) PAM STROBEL, SECRETARY 4) DEAN CARTER, DIRECTOR 5) MALLY CHAKOLA, DIRECTOR 6) DIANNE DUVA, DIRECTOR 7) PATRICK SPENCE, DIRECTOR. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED IN DETAIL BY THE AUDIT COMMITTEE AND SUBMITTED TO THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST FORMS ARE DISTRIBUTED ANNUALLY AT A BOARD MEETING AND RETURNED TO THE CFO. FORMS ARE SENT TO DIRECTORS, OFFICERS AND KEY EMPLOYEES NOT AT THE MEETING. THE CFO FOLLOWS UP WITH ANY MISSING FORMS. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD REVIEWS COMPENSATION & WAGE STUDIES TO DETERMINE RECOMMENDED SALARIES. THE RECOMMENDED SALARIES ARE THEN APPROVED BY THE BOARD OF DIRECTORS INDEPENDENTLY, WITHOUT THE PARTICIPATION OF INTERESTED PERSONS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: BAD DEBT EXPENSE -111,324. CHANGE IN VALUE OF BENEFICIAL INTEREST IN TRUSTS 227,188. FORM 990, PART XII, LINE 2C: NO PROCESSES HAVE CHANGED FROM THE PRIOR YEAR.