2025-07-02T15:06:49-05:00 2024-08-31 812950760 SAX LLP 389 INTERPACE PARKWAY STE 3 PARSIPPANY NJ 07054 990 2024-01-01 871379215 CONCORDIA CONSERVATORY INC CONC 9143954507 171 WHITE PLAINS ROAD BRONXVILLE NY 10708 KATHLEEN SUSS EXECUTIVE DIRECTOR 9143954507 2025-07-02 1 0 MARQUS WHITE P00053187 9734726250 2025-07-01 2024 2025-03-06 01:10:19Z KATHLEEN SUSS 171 WHITE PLAINS ROAD BRONXVILLE NY 10708 2073219 0 X WWW.CONCORDIACONSERVATORY.ORG X 2021 NY MUSIC EDUCATION: STAFFED WITH HIGHLY ACCOMPLISHED FACULTY OF TEACHING AND PERFORMING ARTISTS, OFFERINGS INCLUDE PRIVATE MUSIC INSTRUCTION IN ALL INSTRUMENTS INCLUDING VOICE, GROUP AND CHAMBER MUSIC, MUSIC THEORY, EAR-TRAINING, COMPOSITION AND SONG WRITING, MUSIC AND ART THERAPY, MUSICAL THEATRE CLASSES, AN ANNUAL TUITION FREE HOLIDAY MUSICAL THEATRE PRODUCTION, EARLY CHILDHOOD MUSIC CLASSES, AND SUMMER CAMPS, CONCERT SERIES AND AN HONORS ACADEMY (PRE-COLLEGE) PROGRAM. CONCORDIA CONSERVATORY'S EXEMPLARY PROGRAMS EMBRACE VITALITY AND THE DEVELOPMENT OF ARTISTRY AT EVERY AGE, PHASE, AND LEVEL AND ARE DEDICATED TO HELPING EACH STUDENT REALIZE HIS OR HER FULL POTENTIAL. THE DIVERSE FACULTY OF 40 AND STUDENT POPULATION ENROLLMENT OF 1,000 STUDENTS OF ALL AGES REPRESENT OVER 20 COUNTRIES. 17 17 0 160 0 0 380215 222875 1570325 857658 -8692 69682 360958 6694 2302806 1156909 84721 50793 0 0 1291327 820162 0 0 56764 971270 533513 2347318 1404468 -44512 -247559 4239020 3804694 769234 564758 3469786 3239936 X THE CONSERVATORY'S MISSION IS TO INSPIRE, INSTRUCT AND ENRICH LIVES THROUGH MUSIC OFFERING EXCELLENCE IN EDUCATION AND PERFORMANCE. 0 0 1103459 50793 857658 1) MUSIC EDUCATION: STAFFED WITH HIGHLY ACCOMPLISHED FACULTY OF TEACHING AND PERFORMING ARTISTS, OFFERINGS INCLUDE PRIVATE MUSIC INSTRUCTION IN ALL INSTRUMENTS INCLUDING VOICE, GROUP AND CHAMBER MUSIC, MUSIC THEORY, EAR-TRAINING, COMPOSITION AND SONG WRITING, MUSIC AND ART THERAPY, MUSICAL THEATRE CLASSES, AN ANNUAL TUITION FREE HOLIDAY MUSICAL THEATRE PRODUCTION, EARLY CHILDHOOD MUSIC CLASSES, AND SUMMER CAMPS, CONCERT SERIES AND AN HONORS ACADEMY (PRE-COLLEGE) PROGRAM. CONCORDIA CONSERVATORY'S EXEMPLARY PROGRAMS EMBRACE VITALITY AND THE DEVELOPMENT OF ARTISTRY AT EVERY AGE, PHASE, AND LEVEL AND ARE DEDICATED TO HELPING EACH STUDENT REALIZE HIS OR HER FULL POTENTIAL. THE DIVERSE FACULTY OF 40 AND STUDENT POPULATION ENROLLMENT OF 1,000 STUDENTS OF ALL AGES REPRESENT OVER 20 COUNTRIES. 2) THE CONSERVATORY BRINGS MUSICAL PEFORMANCE TO ENRICH THE COMMUNITY'S CULTURAL LIFE. COMMUNITY PROGRAMS INCLUDE THE HOCH CHAMBER MUSIC SERIES, THE CONSERVATORY'S ANNUAL TUITION FREE HOLIDAY COMMUNITY MUSICAL, MORE THAN MUSIC FACULTY SERIES, THE UNIQUE SERIES FOR SPECIAL LEARNERS AND THE MUSICAL ADVENTURES FAMILY SERIES.3) THE CONSERVATORY ADMINISTERS SCHOLARSHIP AND MUSIC OUTREACH IN THE COMMUNITY TO VARIOUS POPULATIONS IN THE COMMUNITIES OF WHICH THEY SERVE. UNDERSERVED YOUTH AND EARLY CHILDHOOD PROGRAMS, TO INDIVIDUAL SCHOLARSHIP PROGRAMS FOR STUDENTSWITH FINANCIAL NEED. 1103459 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 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 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 17 17 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 0 0 0 NY X KATHLEEN SUSS 9143954507 171 WHITE PLAINS ROAD BRONXVILLE NY 10708 KATHLEEN SUSS PRESIDENT/EXECUTIVE DIRECT 40.00 X X 0 0 0 MELINDA MAGNANI SECRETARY 40.00 X X 0 0 0 RUBY HWANG TREASURER 1.00 X X 0 0 0 CAROLYN MORIARTY VICE PRESIDENT 1.00 X X 0 0 0 HARRIS HWANG DIRECTOR 1.00 X 0 0 0 MIRTHA KASTRAPELI DIRECTOR 1.00 X 0 0 0 KAREN KNAPP DIRECTOR 1.00 X 0 0 0 BRIAN TOOLAN DIRECTOR 1.00 X 0 0 0 ERIN SEUFFERT DIRECTOR 1.00 X 0 0 0 RATI BAGAI DIRECTOR 1.00 X 0 0 0 JENNIFER CEBENOYAN DIRECTOR 1.00 X 0 0 0 CEM CEBENOYAN DIRECTOR 1.00 X 0 0 0 CLARE HOFFMAN DIRECTOR 1.00 X 0 0 0 JOVANA LEKOVICH DIRECTOR 1.00 X 0 0 0 JENNIFER MONDIDO DIRECTOR 1.00 X 0 0 0 RYAN MOTT DIRECTOR 1.00 X 0 0 0 KAREN LYONS VASQUEZ DIRECTOR 1.00 X 0 0 0 YOKO GINGERY DIRECTOR (THROUGH 5/24) 1.00 X 0 0 0 REBECCA JONES DIRECTOR (THROUGH 5/24) 1.00 X 0 0 0 GEORGE LEKOVIC DIRECTOR (THROUGH 5/24) 1.00 X 0 0 0 LAUREL SLAUGHTER DIRECTOR (THROUGH 5/24) 1.00 X 0 0 0 MONICA THURMOND DIRECTOR (THROUGH 5/24) 1.00 X 0 0 0 TOM DORDEVIC DIRECTOR (THROUGH 5/24) 1.00 X 0 0 0 JEFF ROHR DIRECTOR (THROUGH 5/24) 1.00 X 0 0 0 EMLYN TRAVERAS DIRECTOR (THROUGH 5/24) 1.00 X 0 0 0 BILJANA DORDEVIC DIRECTOR (THROUGH 5/24) 1.00 X 0 0 0 0 0 0 25139 40000 157736 10819 222875 TUITION AND OUTREACH 711130 851899 851899 TICKET SALES 711190 5759 5759 857658 59121 59121 900439 889878 10561 10561 10561 26432 25139 26432 0 OTHER INCOME 900099 6694 6694 6694 1156909 857658 0 76376 50793 50793 162003 99402 39267 23334 585692 551478 31104 3110 2726 2222 387 117 2474 2016 351 107 67267 54823 9553 2891 24833 24833 72354 49720 22460 174 61103 56889 3794 420 15279 14840 395 44 27417 2248 17729 7440 102950 99447 3503 12836 10120 2378 338 76493 5355 59665 11473 22294 455 21839 PERFORMANCE EXPENSES 35431 35431 OTHER EXPENSES 30064 21536 5095 3433 BANK & CREDIT CARD FEES 28025 27071 95 859 PRINTING 11305 9625 215 1465 13129 9988 1582 1559 1404468 1103459 244245 56764 66115 48887 911554 583224 113878 50954 41879 22109 847901 332981 533038 514920 2025626 2112071 546930 472529 4239020 3804694 120203 64732 100350 22243 548681 477783 769234 564758 X 2031822 1853327 1437964 1386609 3469786 3239936 4239020 3804694 -247559 17709 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 544828 10561 555389 544828 544828 544828 544828 544828 544828 1.00000 0 0 112801 18471 94330 735100 314510 420590 514920 OPERATING LEASE RIGHT-OF-USE-ASSET 472529 472529 OPERATING LEASE LIABILITY 477783 477783 X 1146786 17709 22961 40670 1106116 50793 50793 1156909 1376636 22961 22961 1353675 50793 50793 1404468 PART V, LINE 4: THE CONSERVATORY FOLLOWS THE NEW YORK PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT ("NYPMIFA"), WHICH THE BOARD OF DIRECTORS HAS INTERPRETED AS REQUIRING CERTAIN AMOUNTS TO BE RETAINED PERMANENTLY. ABSENT EXPLICIT DONOR STIPULATIONS TO THE CONTRARY, THE CONSERVATORY WILL PRESERVE THE FAIR VALUE OF THE ORIGINAL GIFT AS OF THE GIFT DATE FOR ALL DONOR-RESTRICTED ENDOWMENT FUNDS. HOWEVER, UNDER CERTAIN CIRCUMSTANCES, THE CONSERVATORY HAS THE RIGHT TO APPROPRIATE FOR EXPENDITURE THE FAIR VALUE OF THE ORIGINAL GIFT IN A MANNER CONSISTENT WITH THE STANDARD OF PRUDENCE SPECIFICALLY PRESCRIBED BY NYPMIFA. PART X, LINE 2: THE CONSERVATORY DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY MATERIAL, UNCERTAIN TAX POSITIONS. DECEMBER 31, 2021 WILL BE THE INITIAL FILING, THEREFORE THERE ARE NO PRIOR TAX PERIODS SUBJECT TO EXAMINATION BY APPLICABLE TAXING AUTHORITIES. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP AND TUITION DISCOUNT 50,793. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 50,793. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE CONSERVATORY'S NONDISCRIMINATORY POLICY IS INCLUDED ON THE ORGANIZATION'S WEBSITE. EVENTS 51571 25139 26432 26432 51571 25139 26432 26432 26432 0 1 SCHOLARSHIPS 40 50793 FMV SCHOLARSHIPS PART I, LINE 2: NON-CASH ASSISTANCE IS AVAILABLE TO STUDENTS IN NEED. APPLICATIONS ARE SUBMITTED ON A YEARLY BASIS. FORM 990, PART VI, SECTION A, LINE 2 JENNIFER & CEM CEBENOYAN ARE RELATED. HARRIS. & RUBY HWANG ARE RELATED. FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT REVIEWED A DRAFT OF THE FORM 990 WITH THE AUDIT COMMITTEE AND PROVIDED EDITS TO THE TAX PREPARER. AFTER THIS PROCESS WAS PERFORMED, THE FORM 990 WAS SENT TO THE FULL BOARD OF DIRECTORS PRIOR TO BEING FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE BOARD AND MEMBERS OF COMMITTEES WITH BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, THE INTERESTED PERSON SHALL LEAVE THE BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING DIRECTORS OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE BOARD OR COMMITTEE MEETING, BUT AFTER THE PRESENTATION, THE INTERESTED PERSON SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. A MAJORITY OF THE BOARD SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER EXERCISING DUE DILIGENCE, THE BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE CORPORATION CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT, CONSIDERING ALL MATERIAL FACTORS, FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS OR COMMITTEE MEMBERS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE CORPORATION'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. IN CONFORMITY WITH THE ABOVE DETERMINATION THE BOARD OR COMMITTEE SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. IF THE BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE AN INTERESTED PERSON HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM THE INTERESTED PERSON OF THE BASIS FOR SUCH BELIEF AND AFFORD THE INTERESTED PERSON AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE INTERESTED PERSON'S RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, THE BOARD OR COMMITTEE DETERMINES THE INTERESTED PERSON HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. THE MINUTES OF THE BOARD AND ALL COMMITTEES WITH BOARD DELEGATED POWERS SHALL CONTAIN: (A) THE NAMES OF THE PERSONS WHO DISCLOSED OR OTHERWISE WERE FOUND TO HAVE A FINANCIAL INTEREST IN CONNECTION WITH AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, THE NATURE OF THE FINANCIAL INTEREST, ANY ACTION TAKEN TO DETERMINE WHETHER A CONFLICT OF INTEREST WAS PRESENT, AND THE BOARD'S OR COMMITTEE'S DECISION AS TO WHETHER A CONFLICT OF INTEREST IN FACT EXISTED. (B) THE NAMES OF THE PERSONS WHO WERE PRESENT FOR DISCUSSIONS AND VOTES RELATING TO THE TRANSACTION OR ARRANGEMENT, THE CONTENT OF THE DISCUSSION, INCLUDING ANY ALTERNATIVESTO THE PROPOSED TRANSACTION OR ARRANGEMENT, AND A RECORD OF ANY VOTES TAKEN IN CONNECTION WITH THE PROCEEDINGS. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.