Nonprofit · EIN 13-6162648
INSTITUTE OF MUSICAL ART
Also known as JULLIARD SCHOOL
Tax-exempt · NEW YORK, NY 10023
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $0 | $663,731 | -$663,731 | $13,456,969 | $0 | $13,456,969 |
| June 30, 2024 | 990 | $0 | $639,283 | -$639,283 | $12,805,697 | $0 | $12,805,697 |
| June 30, 2023 | 990 | $0 | $618,517 | -$618,517 | $12,345,130 | $0 | $12,345,130 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $663,731
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $663,731
Balance sheet and other
- Total assets, start of year
- $12,805,697
- Total assets, end of year
- $13,456,969
- Total liabilities, end of year
- $0
- Net assets, end of year
- $13,456,969
- Net assets without donor restrictions
- $13,456,969
- Gross receipts
- $0
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1905
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JOSEPH POLISI | TRUSTEE Trustee or director | 1 | $0 | $376,271 | $74,120 |
| CHRISTINE TODD | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| BRUCE KOVNER | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 3 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JOSEPH POLISI | TRUSTEE Trustee or director | 1 | $0 | $363,713 | $71,634 |
| CHRISTINE TODD | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| BRUCE KOVNER | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 3 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JOSEPH POLISI | TRUSTEE Trustee or director | 1 | $0 | $350,469 | $63,589 |
| CHRISTINE TODD | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| BRUCE KOVNER | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 60 LINCOLN CENTER PLAZA, NEW YORK, NY 10023-6500
- In care of
- % CHRISTINA TODD
- Principal officer (990 for 2024)
- BRUCE KOVNER PRESIDENT, 60 LINCOLN CENTER PLAZA, NEW YORK, NY 10023
- Signed the 990
- JOSEPH POLISI, TRUSTEE
- Phone
- (212) 799-5000
- Return prepared by
- GRANT THORNTON ADVISORS LLC
Mission
THE MISSION OF THE INSTITUTE OF MUSICAL ART (IMA) IS SUPPORT OF THE JUILLIARD SCHOOL (JUILLIARD), A 501(C)(3) EXEMPT ORGANIZATION THROUGH ANNUAL DISTRIBUTIONS FROM THE IMA'S ENDOWMENT FUNDS.
Program accomplishments
- SUPPORT PAID TO THE JUILLIARD SCHOOL, A 501(C)(3) EXEMPT ORGANIZATION.Expenses $663,731 · grants $663,731
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 13-6162648
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1927
- Accounting year ends
- June
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Arts, culture and humanities (A6EI)
- Assets (IRS master file)
- $13,456,969
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $0 | $663,731 | $13,456,969 | IRS |
| 990 | June 2024 | $0 | $639,283 | $12,805,697 | IRS |
| 990 | June 2023 | $0 | $618,517 | $12,345,130 | XML |
| 990 | June 2022 | $0 | $577,228 | $12,555,370 | IRS |
| 990 | June 2021 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 13-6162648).
Questions about INSTITUTE OF MUSICAL ART
- What is the EIN of INSTITUTE OF MUSICAL ART?
- The employer identification number (EIN) of INSTITUTE OF MUSICAL ART is 13-6162648.
- Is INSTITUTE OF MUSICAL ART tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1927.
- Are donations to INSTITUTE OF MUSICAL ART tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INSTITUTE OF MUSICAL ART file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of INSTITUTE OF MUSICAL ART due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INSTITUTE OF MUSICAL ART last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of INSTITUTE OF MUSICAL ART?
- The 990 for the year ended June 30, 2025 names BRUCE KOVNER PRESIDENT.
- Who are the officers and directors of INSTITUTE OF MUSICAL ART?
- The 990 for the year ended June 30, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does INSTITUTE OF MUSICAL ART have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $0, expenses of $663,731 and total assets of $13,456,969 at year end.
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