2026-02-13T14:02:09-06:00 2025-07-31 203985546 JOHNSON O'CONNOR FERON & CARUCCI LLP 101 EDGEWATER DRIVE SUITE 210 WAKEFIELD MA 01880 990 2024-08-01 046510295 WINCHESTER COMMUNITY MUSIC SCHOOL TRUST WINC 7817212950 407 HIGHLAND AVENUE WINCHESTER MA 01890 LAURIE RUSSELL EXECUTIVE DIRECTOR 7817212950 2026-02-11 1 1 JOSEPH GISO P00030126 7819143400 2026-02-11 2024 2025-03-06 01:10:19Z LAURIE RUSSELL 407 HIGHLAND AVENUE WINCHESTER MA 01890 4116584 0 X WINCHESTERMUSIC.ORG X 1984 MA THE MISSION OF WINCHESTER COMMUNITY MUSIC SCHOOL IS TO PROVIDE OUTSTANDING AND DIVERSE MUSICAL EDUCATION AND PERFORMANCE, ACCESSIBLE TO ALL, IN WINCHESTER NEIGHBORING COMMUNITIES, AND BEYOND. 18 18 72 135 0 0 568427 1728485 1947574 2014390 341708 268221 0 0 2857709 4011096 72287 71169 0 0 1705423 1756900 0 0 87222 636917 640176 2414627 2468245 443082 1542851 8482690 11256324 569465 1545010 7913225 9711314 X THE MISSION OF WINCHESTER COMMUNITY MUSIC SCHOOL IS TO PROVIDE OUTSTANDING AND DIVERSE MUSICAL EDUCATION AND PERFORMANCE, ACCESSIBLE TO ALL, IN WINCHESTER, NEIGHBORING COMMUNITIES, AND BEYOND. 0 0 1829616 71169 2014390 WCMS IS A VIBRANT REGIONAL HUB FOR WORLD-CLASS MUSIC EDUCATION AND PROGRAMMING. EACH YEAR WE SERVE MORE THAN 900 STUDENTS OF ALL AGES, INTERESTS, AND SKILL LEVELS, FROM OVER 30 TOWNS. OUR APPROACH IS INDIVIDUALIZED, INTENTIONAL, AND IMMERSIVE. WE BELIEVE THAT A COMPREHENSIVE APPROACH DEVELOPS STRONG MUSICAL COMPETENCIES, AND CULTIVATES LIFE SKILLS SUCH AS MINDFULNESS, CONFIDENCE, PERSISTENCE, AND ACHIEVEMENT. WE CARE DEEPLY ABOUT EXPERT INSTRUCTION AND QUALITY PROGRAMMING, AND WORK HARD TO ESTABLISH SUPPORTIVE AND INSPIRING RELATIONSHIPS. OUR FACULTY OF 60 PERFORMING ARTISTS OFFER PRIVATE LESSONS IN A WIDE RANGE OF INSTRUMENTS AND VOICE. NEW STUDENTS CAN ENROLL AT ANY TIME AND CAN AUGMENT THEIR MUSIC STUDY WITH LESSONS IN ENSEMBLES, GROUP CLASSES, AND LESSONS IN COMPOSITION, SONG WRITING, RECORDING/PRODUCTION, OR MUSIC THEORY. 1829616 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 13 0 1 72 1 0 0 0 0 0 0 0 0 0 0 0 0 X 18 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MA X ROBERT PALMER 7817212950 407 HIGHLAND AVENUE WINCHESTER MA 01890 LAURIE RUSSELL EXECUTIVE DIRECTOR 40.00 X 144070 0 3432 ROBERT PALMER BUSINESS MANAGER 25.00 X 48091 0 0 LANCE GRENZEBACK TRUSTEE/CHAIR 1.00 X X 0 0 0 VIRGINIA HUNG TRUSTEE/VICE CHAIR 1.00 X X 0 0 0 LEIGH HURD TREASURER/TRUSTEE 1.00 X X 0 0 0 MICHELLE BERGSTROM TRUSTEE 1.00 X 0 0 0 HORACIO CAPERAN TRUSTEE 1.00 X 0 0 0 CHEN CHEN TRUSTEE 1.00 X 0 0 0 ANITA COLASANTE TRUSTEE 1.00 X 0 0 0 ROBERT DIETEL TRUSTEE 1.00 X 0 0 0 RICHARD FOUGERE TRUSTEE 1.00 X 0 0 0 ELIZABETH GOODELL TRUSTEE 1.00 X 0 0 0 WEI HAN TRUSTEE 1.00 X 0 0 0 DANA ISRAELSKI TRUSTEE 1.00 X 0 0 0 THOMAS MALONE TRUSTEE 1.00 X 0 0 0 TIMOTHY MATTHEWS TRUSTEE 1.00 X 0 0 0 SUSAN VERDICCHIO TRUSTEE 1.00 X 0 0 0 SHARON MUENTENER TRUSTEE 1.00 X 0 0 0 ANDREA PEJROLO TRUSTEE 1.00 X 0 0 0 HONG YU TRUSTEE 1.00 X 0 0 0 192161 0 3432 4 0 0 0 BURKE PROPERTY SERVICES PO BOX 532 WINCHESTER MA 01890 CONSTRUCTION AND MAINTENANCE 374705 CI DESIGN PO BOX 4110 WOBURN MA 01888 ARCHITECTURAL FEES 223468 PORT LIGHTING 24 LONDON KANE SEABROOK NH 03874 CONSTRUCTION LIGHTNING 134711 SHANAHAN INC 489 WESTFORD STREET LOWELL MA 01851 CONSTRUCTION SOUND 102284 4 255108 1473377 39000 1728485 TUITION & FEES 611600 2014370 2014370 RENTAL INCOME 611600 20 20 2014390 222805 222805 150904 105488 45416 45416 45416 4011096 2014390 0 268221 71169 71169 201316 39096 133917 28303 1377119 1228897 124046 24176 39244 29852 7849 1543 139221 105900 27845 5476 300 300 33901 33901 61070 3547 39614 17909 14968 14968 37853 21250 16603 43634 29091 14543 104300 66155 38145 30704 15352 15352 REPAIRS & MAINTENANCE 129149 73467 55682 BANK FEES 75754 37877 37877 PERFORMANCE EXPENSE 71415 71415 AMORTIZATION 14417 9144 5273 22711 12436 460 9815 2468245 1829616 551407 87222 11684 14283 255758 1358867 218794 105351 14037 11630 55579 38645 6931742 2725249 2868361 4206493 3105316 3350260 1919522 2151573 33639 19222 8482690 11256324 66459 458699 498602 523215 553119 4404 9977 569465 1545010 X 6488921 7027052 1424304 2684262 7913225 9711314 8482690 11256324 1542851 255238 0 X X 0 1 X 1 0 X 207218 495927 1026483 568427 1434378 3732433 207218 495927 1026483 568427 1434378 3732433 1485607 2246826 707283 160301 135403 136220 222805 1362012 5094445 8550987 0.44100 0.52450 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3746985 399531 183388 3963128 3491758 436523 181296 3746985 3670096 166573 344911 3491758 4043772 -373676 3670096 3362646 841597 160471 4043772 0.99300 0.00700 0 0 656422 656422 2856386 1806633 1049753 60377 46920 13457 300777 281043 19734 3057780 590653 2467127 4206493 VANGUARD INDEX 500 1510782 F VANGUARD TOTAL BOND 640791 F 2151573 GIFT CERTIFICATES 9977 9977 X 4195165 255238 -71169 184069 4011096 0 4011096 2397076 -71169 -71169 2468245 0 2468245 PART V, LINE 4: THE INTENDED USE OF THE ORGANIZATION'S ENDOWMENT IS TO EXTEND THE ABILITY OF THE ORGANIZATION TO CARRY OUT THEIR EXEMPT PURPOSE AND MISSION OF MUSIC EDUCATION AND LESSONS TO STUDENTS. PART X, LINE 2: THE TRUST IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) INTERNAL REVENUE CODE. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE TRUST'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. THE TRUST HAD NO UNRELATED BUSINESS INCOME FOR THE YEAR ENDED JULY 31, 2025. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. MANAGEMENT HAS EVALUATED SIGNIFICANT TAX POSITIONS AGAINST THE CRITERIA ESTABLISHED BY PROFESSIONAL STANDARDS AND BELIEVES THERE ARE NO SUCH TAX POSITIONS REQUIRING ACCOUNTING RECOGNITION IN THE FINANCIAL STATEMENTS. MANAGEMENT DOES NOT BELIEVE ITS EVALUATION OF TAX POSITIONS WILL SIGNIFICANTLY CHANGE WITHIN 12 MONTHS OF JULY 31, 2025. ANY CHANGES IN TAX POSITIONS WILL BE RECORDED WHEN THE ULTIMATE OUTCOME BECOMES KNOWN. THE TRUST'S INCOME TAX RETURNS ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES GENERALLY FOR THE YEARS ENDED JULY 31, 2023, 2024 AND 2025. ACCRUED INTEREST AND PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS ARE RECOGNIZED AS A PART OF INTEREST EXPENSE AND MISCELLANEOUS EXPENSES, RESPECTIVELY, IN THE ACCOMPANYING STATEMENT OF ACTIVITIES. THE TRUST HAS NO ACCRUED INTEREST AND PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS AT JULY 31, 2024 AND NONE WERE INCURRED DURING THE YEAR THEN ENDED. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID AND DISCOUNTS -71,169. PART XII, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID AND DISCOUNTS -71,169. X 0 AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY 1 FINANCIAL AID GRANTS 363 28209 TUITION DISCOUNTS 103 42960 PART I, LINE 2: WHEN FUNDS ARE AVAILABLE, WINCHESTER COMMUNITY MUSIC SCHOOL OFFERS PARTIAL SCHOLARSHIPS TO STUDENTS WHO NEED FINANCIAL ASSISTANCE. MOST AWARDS DO NOT EXCEED 50% OF THE TUITION. AID IS GIVEN ON THE BASIS OF NEED, REGARDLESS OF RACE, CREED, OR NATIONAL ORIGIN. AID IS GRANTED BY THE SEMESTER, ACCORDING TO GUIDELINES ESTABLISHED BY THE FINANCIAL AID COMMITTEE OF THE WCMS BOARD OF TRUSTEES, AND WILL BE RENEWED ON THE BASIS OF SATISFACTORY SEMESTER PROGRESS REPORTS. X MUSICAL INSTRUMENTS 2 39000 FMV 0 0 0 SCHEDULE M, PART I, COLUMN (B) : AMOUNTS IN COLUMN B REPRESENT THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION B, LINE 11B ONE OF THE OFFICERS OR DIRECTORS SIGNS THE FORM 990 AFTER IT IS REVIEWED BY THE TREASURER. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY (PER EMPLOYEE HANDBOOK) OUTSIDE INTERESTS: EMPLOYEES ARE REQUIRED TO ENSURE THAT THEIR PERSONAL ACTIVITIES, COMMITMENTS AND OWNERSHIP INTERESTS OUTSIDE THE SCHOOL DO NOT CREATE ANY ACTUAL OR PERCEIVED CONFLICT OF INTEREST. FOR INSTANCE, AN EMPLOYEE MAY NOT SEEK TO INDUCE THE SCHOOL TO ENTER INTO A BUSINESS RELATIONSHIP OR TRANSACTION WITH AN ENTITY IN WHICH THEY OR THEIR FAMILY MEMBER HAVE A FINANCIAL INTEREST, UNLESS THEY FIRST DISCLOSE THE EXISTENCE AND NATURE OF THAT FINANCIAL INTEREST. SIMILARLY, EMPLOYEES ARE REQUIRED TO AVOID USING THE SCHOOL'S CONTACTS TO ADVANCE THEIR PRIVATE BUSINESS OR PERSONAL INTERESTS. ENTERTAINMENT: GIFTS AND FAVORS: TO AVOID EVEN THE APPEARANCE OF IMPROPRIETY, EMPLOYEES MAY NOT ACCEPT PERSONAL PAYMENTS, FAVORS, LOANS, MEALS, TRANSPORTATION OR SERVICES VALUED AT MORE THAN $25.00 FROM THE SCHOOL'S CONTRACTORS, SUPPLIERS, VENDORS, STUDENTS AND THEIR FAMILY MEMBERS, OR ANYONE ELSE ASSOCIATED WITH THE SCHOOL. THIS DOES NOT INCLUDE REASONABLE AND RECIPROCAL ENTERTAINMENT THAT IS CONSISTENT WITH SOCIAL AND BUSINESS CUSTOMS, NOR DOES IT INCLUDE GIFTS OF A REASONABLE VALUE THAT MIGHT BE GIVEN TO SCHOOL EMPLOYEES AT THE HOLIDAYS OR AT THE END OF THE YEAR. EMPLOYEES SHOULD DIRECT ANY QUESTIONS ABOUT THIS POLICY TO THE EXECUTIVE DIRECTOR. OTHER COMMITMENTS: AN EMPLOYEE MAY ACCEPT A POSITION AS A BOARD MEMBER OF AN ORGANIZATION, PUBLIC, PRIVATE, FOR PROFIT OR NOT-FOR-PROFIT, ONLY AFTER CONSULTATION WITH THE EXECUTIVE DIRECTOR. BEFORE ACCEPTING ANY CONSULTING OR FREELANCE WORK, THE EMPLOYEE SHOULD DISCUSS THE WORK WITH THE EXECUTIVE DIRECTOR TO ENSURE THAT IT DOES NOT CONFLICT WITH THE SCHOOL'S INTERESTS. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE DIRECTOR IS ANNUALLY REVIEWED BY THE BOARD CHAIR AND THE EXECUTIVE COMMITTEE. THE COMMITTEE DETERMINES COMPENSATION INCREASES FOR THE EXECUTIVE DIRECTOR. THEY MAY ALSO CONSULT WITH PEER ORGANIZATIONS AS PART OF THE PROCESS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST AT THE ORGANIZATION'S OFFICE. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES THE RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED DURING THE CURRENT YEAR.