2026-03-27T09:57:12-05:00 2025-06-30 450250958 Eide Bailly LLP 800 Nicollet Mall Ste 1300 Minneapolis MN 554027033 990 2024-07-01 953900207 Pasadena Conservatory of Music PASA 6266833355 100 N Hill Ave Pasadena CA 91106 Stephen Cook Executive Director 6266833355 2026-03-25 1 1 Deb Nelson CPA P01264758 6122536500 2026-03-25 2024 2025-03-06 01:10:19Z Stephen Cook 100 N Hill Ave Pasadena CA 91106 12839232 0 X www.pasadenaconservatory.org X 1984 CA To provide opportunities for all students to study, perform and enjoy music. 12 12 128 30 0 0 3627209 2050394 2425808 2530686 278669 183523 -26372 74 6305314 4764677 0 0 0 0 2572822 2719288 0 0 247331 1219410 1493668 3792232 4212956 2513082 551721 21215232 22277366 1131604 1677779 20083628 20599587 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 3233889 2530686 Outreach programs are provided to approximately 650 students at various sites in the Pasadena area. On site instruction programs are provided to approximately 1,000 students through a comprehensive curriculum. About 200 performances were presented on and off during the year; attendance at these events totalled more than 18,000. 3233889 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 20 0 1 128 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 Stephen Cook & Jack Lathrop 6266833355 100 N Hill Ave Pasadena CA 91106 Laurie Sowd Board Chair 1.00 X X 0 0 0 Eric Lee Treasurer 1.00 X X 0 0 0 Alison Lifland Secretary 1.00 X X 0 0 0 Ann Dobson-Barrett Director 1.00 X 0 0 0 Ann Horton Director 1.00 X 0 0 0 Richard Goetz Director 1.00 X 0 0 0 Jane Kaczmarek Director 1.00 X 0 0 0 Bonnie Khang-Keating Director 1.00 X 0 0 0 Tom Kidde Director 1.00 X 0 0 0 Craig Matsuda Director 1.00 X 0 0 0 Greg Pieschala Director 1.00 X 0 0 0 Andy Rooke Director (Until 6/25) 1.00 X 0 0 0 Stephen McCurry Executive Director 40.00 X 165311 0 9000 165311 0 9000 1 0 1 0 0 200150 94750 1755494 90666 2050394 Tuition Income 611600 2373826 2373826 Concerts 611600 72283 72283 84577 84577 2530686 183523 183523 8015629 8015629 0 59000 200150 58926 74 74 4764677 2530686 0 183597 X 174311 69724 78440 26147 2226002 1702228 356447 167327 117039 89605 18658 8776 201936 153224 33689 15023 67830 65771 1583 476 110002 45032 62215 2755 519378 439545 73901 5932 74032 11351 62599 82 84320 49059 25497 9764 58161 56396 1357 408 7220 4552 2073 595 249 249 245653 238198 5732 1723 50552 45117 5109 326 Recitals and Concerts 125572 125572 Lease Cost 66000 63997 1540 463 Fee For Service Program 31989 31989 Program Equipment and S 28910 28910 23800 13619 2896 7285 4212956 3233889 731736 247331 394205 206860 1033721 525799 128061 164665 18148 31224 23898362 3681843 13190824 20216519 6319453 1007146 130820 125153 21215232 22277366 826866 379958 173918 172668 0 1000000 130820 125153 1131604 1677779 X 9170575 8648058 10913053 11951529 20083628 20599587 21215232 22277366 X 551721 4605 -40367 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 340232 12000 25575 377807 300307 600 39325 340232 295107 1600 13137 9537 300307 68641 226200 266 295107 66953 1200 488 68641 0.06000 0.74000 0.20000 0 0 2258400 2258400 1792921 842439 950482 0 19847041 2839404 17007637 20216519 Deferred Compensation 125153 125153 X 4828208 4605 58926 63531 4764677 0 4764677 4312249 99293 99293 4212956 0 4212956 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: Fundraising Expense included in revenue. 58,926. Part XII, Line 2d - Other Adjustments: Fundraising Expense excluded from expense 58,926. Loss on uncollectbile pledges and tuition 40,367. 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. X X 1 KR Consulting Inc 10305 Wystone Avenue Porter Ranch CA 91326 Grant writing 0 0 24200 0 24200 CA Musical Interludes 99650 58650 41000 3387 12826 11800 3700 Ovation Soiree 157700 141500 16200 3518 16679 2200 4816 257350 200150 57200 6905 29505 14000 8516 58926 -1726 X X X X 0 1 0 0 0 0 0 0 0 Stephen McCurry Executive Director 165311 0 0 0 0 0 9000 0 0 0 174311 0 0 0 Part I, Line 4b The organization established a nonqualified deferred compensation plan for Stephen McCurry, Executive Director. During the year ended June 30, 2025, $14,981 was deposited into a variable annuity account. X 8 69946 Market Value X Music Equipment 7 20720 Market Value 0 0 1 0 Part I, Column (b): The organization reports the number of contributions in column (b). 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 IX, line 11g Facilities Maintenance Services: Program service expenses 312,134. Management and general expenses 10,256. Fundraising expenses 2,258. Total expenses 324,648. Fire Alarm/Monitoring: Program service expenses 1,154. Management and general expenses 1,019. Fundraising expenses 392. Total expenses 2,565. Security: Program service expenses 82,362. Management and general expenses 1,982. Fundraising expenses 596. Total expenses 84,940. Professional Fees: Program service expenses 35,348. Management and general expenses 48,836. Fundraising expenses 2,163. Total expenses 86,347. Consultants: Program service expenses 8,547. Management and general expenses 11,808. Fundraising expenses 523. Total expenses 20,878. Form 990, Part XI, line 9: Loss on uncollectbile pledges and tuition -40,367.