Nonprofit · EIN 23-1585611
CURTIS INSTITUTE OF MUSIC
Tax-exempt · PHILADELPHIA, PA 19103
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2025 | 990 | $47,618,232 | $39,303,786 | $8,314,446 | $404,372,948 | $2,565,673 | $401,807,275 |
| May 31, 2024 | 990 | $24,929,198 | $33,537,705 | -$8,608,507 | $385,338,043 | $4,620,861 | $380,717,182 |
| May 31, 2023 | 990 | $43,513,793 | $30,874,759 | $12,639,034 | $369,843,342 | $3,557,503 | $366,285,839 |
Financial details: 990 for the year ended May 31, 2025
Revenue
- Contributions, gifts and grants
- $29,465,642
- Program service revenue
- $3,736,231
- Investment income
- $14,138,138
- Royalties
- $2,346
- Net rental income
- $16,823
- Net gain from sales of assets
- $11,008,821
- Net income from fundraising events
- -$86,291
- Other revenue
- $278,221
Expenses
- Grants and similar amounts paid
- $1,965,435
- Compensation of officers, directors and key employees
- $3,467,365
- Other salaries and wages
- $11,093,892
- Salaries, compensation and benefits (total)
- $17,077,585
- Professional fundraising fees
- $62,980
- Legal fees
- $145,635
- Accounting fees
- $53,339
- Occupancy
- $1,340,300
- Travel
- $908,094
- Depreciation
- $2,604,375
- Program services (functional)
- $27,231,216
- Management and general (functional)
- $10,144,161
- Fundraising (functional)
- $1,928,409
Balance sheet and other
- Total assets, start of year
- $385,338,043
- Total assets, end of year
- $404,372,948
- Total liabilities, end of year
- $2,565,673
- Net assets, end of year
- $401,807,275
- Land, buildings and equipment
- $108,655,610
- Publicly traded securities
- $43,316,967
- Net assets without donor restrictions
- $133,923,785
- Net assets with donor restrictions
- $267,883,490
- Gross unrelated business income
- $17,180
- Gross receipts
- $120,350,458
- Employees
- 391
- Volunteers
- 76
- Year formed
- 1924
- State of legal domicile
- PA
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 May 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ROBERTO DIAZ | PRESIDENT/TRUSTEE Trustee or director, Officer | 37.5 | $761,414 | $67,894 |
| LAWRENCE BOMBACK | TREASURER, SR VP OF ADMIN TO 6/24 Officer | 37.5 | $334,118 | $21,333 |
| VINCENT FORD | SR VP DIGITAL STRATEGY & INNOVATION Key employee | 37.5 | $273,233 | $32,857 |
| NICHOLAS A DIBERARDINO | TRUSTEE/PROVOST, DEAN Trustee or director | 37.5 | $243,288 | $41,319 |
| PAUL BRYAN | DIR. OF ASSESSMENT AND ACCREDITATION Highest-paid employee | 37.5 | $218,137 | $39,719 |
| PAMELA FRANK | FACULTY MEMBER Highest-paid employee | 12 | $195,288 | $48,190 |
| KIMBERLY GOULD | VICE PRESIDENT, PEOPLE AND CULTURE Key employee | 37.5 | $212,704 | $24,188 |
| IDA KAVAFIAN | FACULTY MEMBER Highest-paid employee | 12 | $179,335 | $42,359 |
| MICHAEL ANDREW LANE | VP TOURING AND ARTIST MANAGEMENT Key employee | 37.5 | $175,893 | $22,986 |
| MARCELLA GENEROSE | MANAGING DIRECTOR OF DEVELOPMENT Highest-paid employee | 37.5 | $166,435 | $21,927 |
| PATRICIA K JOHNSON | VP COMMUNICATIONS & PUBLIC AFFAIRS Key employee | 37.5 | $158,393 | $23,735 |
| STEPHEN L CASCIANO | SR DIR FACILITIES AND CAMPUS SAFETY Highest-paid employee | 37.5 | $159,188 | $8,397 |
| MARY CLAIRE SULLIVAN | SECRETARY Officer | 37.5 | $124,837 | $19,287 |
| AMY YANG | TRUSTEE/FACULTY MEMBER Trustee or director | 30 | $102,160 | $21,264 |
| ERIN KEEFE | TRUSTEE/FACULTY MEMBER Trustee or director | 12 | $61,311 | $3,066 |
29 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DEBORAH M FRETZ | CHAIR/TRUSTEE Trustee or director, Officer | 1 | $0 |
| VICTORIA BOK | VICE CHAIR/TRUSTEE Trustee or director, Officer | 1 | $0 |
| EDWARD A MONTGOMERY JR | VICE CHAIR/TRUSTEE Trustee or director, Officer | 1 | $0 |
| ANDREW JACOBS | TREASURER/TRUSTEE Trustee or director, Officer | 1 | $0 |
| LOUIS BARBARIN | TRUSTEE Trustee or director | 1 | $0 |
| WILLIAM BRODY | TRUSTEE Trustee or director | 1 | $0 |
| ANTHONY B CREAMER III | TRUSTEE Trustee or director | 1 | $0 |
| GORDON FOWLER | TRUSTEE Trustee or director | 1 | $0 |
| JUDITH FREYER | TRUSTEE Trustee or director | 1 | $0 |
| MIGNON GROCH | TRUSTEE Trustee or director | 1 | $0 |
| WILLIAM HORN | TRUSTEE Trustee or director | 1 | $0 |
| MARSHA HUNTER | TRUSTEE Trustee or director | 1 | $0 |
| BRIAN JANDRUCKO | TRUSTEE Trustee or director | 1 | $0 |
| LINDA E JOHNSON | TRUSTEE Trustee or director | 1 | $0 |
| LISA LIEM | TRUSTEE Trustee or director | 1 | $0 |
| YUEN SUNG LIU | TRUSTEE Trustee or director | 1 | $0 |
| CONNIE B MCCANN | TRUSTEE Trustee or director | 1 | $0 |
| JOHN H MCFADDEN | TRUSTEE Trustee or director | 1 | $0 |
| FRANK J MECHURA | TRUSTEE Trustee or director | 1 | $0 |
| JOHN J MEDVECKIS | TRUSTEE Trustee or director | 1 | $0 |
| ROBERT H MUNDHEIM | TRUSTEE Trustee or director | 1 | $0 |
| C RICHARD NEU | TRUSTEE Trustee or director | 1 | $0 |
| ROBERT H ROCK | TRUSTEE Trustee or director | 1 | $0 |
| MARK E RUBENSTEIN | TRUSTEE Trustee or director | 1 | $0 |
| CHIONA XANTHOPOULOU-SCHWARZ | TRUSTEE Trustee or director | 1 | $0 |
| JAY TOLSON | TRUSTEE Trustee or director | 1 | $0 |
| PENELOPE P WATKINS | TRUSTEE Trustee or director | 1 | $0 |
| JERRY WIND | TRUSTEE Trustee or director | 1 | $0 |
| NADIA ZERHOUNI | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended May 31, 2024: 43 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ROBERTO DIAZ | PRESIDENT/TRUSTEE Trustee or director, Officer | 37.5 | $721,388 | $264,647 |
| LAWRENCE BOMBACK | TREASURER Officer | 37.5 | $314,357 | $33,688 |
| VINCENT FORD | SR VP DIGITAL STRATEGY & INNOVATION Key employee | 37.5 | $252,391 | $28,119 |
| EDWARD GAZOULEAS | PROVOST AND ARTISTIC DIRECTOR Key employee | 37.5 | $228,379 | $16,260 |
| KIMBERLY GOULD | VICE PRESIDENT, PEOPLE & CULTURE Key employee | 37.5 | $198,229 | $17,697 |
| PAMELA FRANK | FACULTY MEMBER Highest-paid employee | 37.5 | $161,809 | $44,825 |
| PAUL BRYAN | DIR ASSESSMENT & ACCRED./FACULTY MBR Highest-paid employee | 37.5 | $174,842 | $31,474 |
| IDA KAVAFIAN | FACULTY MEMBER Highest-paid employee | 37.5 | $158,924 | $36,680 |
| MARCELLA GENEROSE | MANAGING DIRECTOR OF DEVELOPMENT Highest-paid employee | 37.5 | $155,000 | $19,742 |
| NICHOLAS A DIBERARDINO | TRUSTEE/DEAN Trustee or director | 37.5 | $149,487 | $22,839 |
| MICHAEL ANDREW LANE | VP TOURING AND ARTIST MANAGEMENT Highest-paid employee | 37.5 | $143,043 | $20,137 |
| MARY CLAIRE SULLIVAN | SECRETARY Officer | 37.5 | $104,553 | $16,250 |
| AMY YANG | TRUSTEE/FACULTY MEMBER/ASSOC. DEAN Trustee or director | 30 | $108,934 | $5,762 |
| MICHELLE CANN | TRUSTEE/FACULTY MEMBER Trustee or director | 12 | $29,639 | $8,286 |
| DEBORAH M FRETZ | CHAIR/TRUSTEE Trustee or director, Officer | 1 | $0 | $0 |
| EDWARD A MONTGOMERY JR | VICE CHAIR/TRUSTEE Trustee or director, Officer | 1 | $0 | $0 |
| LOUIS BARBARIN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| VICTORIA BOK | TRUSTEE Trustee or director | 1 | $0 | $0 |
| WILLIAM BRODY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ANTHONY B CREAMER III | TRUSTEE Trustee or director | 1 | $0 | $0 |
| GORDON FOWLER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JUDITH FREYER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MIGNON GROCH | TRUSTEE Trustee or director | 1 | $0 | $0 |
| WILLIAM HORN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARSHA HUNTER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ANDREW JACOBS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BRIAN JANDRUCKO | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LINDA E JOHNSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LISA LIEM | TRUSTEE Trustee or director | 1 | $0 | $0 |
| YUEN SUNG LIU | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CONNIE B MCCANN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOHN H MCFADDEN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| FRANK J MECHURA | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOHN J MEDVECKIS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ROBERT H MUNDHEIM | TRUSTEE Trustee or director | 1 | $0 | $0 |
| C RICHARD NEU | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ROBERT H ROCK | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARK E RUBENSTEIN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JAY TOLSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PENELOPE P WATKINS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JERRY WIND | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CHIONA XANTHOPOULOU-SCHWARZ | TRUSTEE Trustee or director | 1 | $0 | $0 |
| NADIA ZERHOUNI | TRUSTEE Trustee or director | 1 | $0 | $0 |
990 for the year ended May 31, 2023: 41 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ROBERTO DIAZ | PRESIDENT/TRUSTEE Trustee or director, Officer | 37.5 | $654,462 | $229,338 |
| LAWRENCE BOMBACK | TREASURER Officer | 37.5 | $304,581 | $42,618 |
| VINCENT FORD | SR VP DIGITAL STRATEGY & INNOVATION Highest-paid employee | 37.5 | $247,170 | $27,463 |
| EDWARD GAZOULEAS | PROVOST Key employee | 37.5 | $185,504 | $37,888 |
| KIMBERLY GOULD | MANAGING DIRECTOR, HUMAN RESOURCES Highest-paid employee | 37.5 | $193,038 | $17,037 |
| PAMELA FRANK | AXELROD CHAIR IN VIOLIN STUDIES Highest-paid employee | 12.5 | $157,520 | $29,384 |
| MARCELA GENEROSE | MANAGING DIRECTOR, DEVELOPMENT Highest-paid employee | 37.5 | $166,733 | $15,978 |
| IDA KAVAFIAN | VON MALTZAHN CHAIR IN VIOLIN STUDIES Highest-paid employee | 12.5 | $147,573 | $12,755 |
| MARY CLAIRE SULLIVAN | SECRETARY Officer | 37.5 | $100,853 | $15,371 |
| NICHOLAS A DIBERARDINO | TRUSTEE/FACULTY MEMBER Trustee or director | 37.5 | $79,746 | $20,052 |
| ANTHONY MCGILL | TRUSTEE/FACULTY MEMBER Trustee or director | 37.5 | $55,455 | $0 |
| MICHELLE CANN | TRUSTEE/FACULTY MEMBER Trustee or director | 37.5 | $25,564 | $0 |
| DEBORAH M FRETZ | CHAIR/TRUSTEE Trustee or director, Officer | 1 | $0 | $0 |
| EDWARD A MONTGOMERY JR | VICE-CHAIR/TRUSTEE Trustee or director, Officer | 1 | $0 | $0 |
| LOUIS BARBARIN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| VICTORIA BOK | TRUSTEE Trustee or director | 1 | $0 | $0 |
| WILLIAM BRODY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ANTHONY B CREAMER III | TRUSTEE Trustee or director | 1 | $0 | $0 |
| GORDON FOWLER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JUDITH FREYER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MIGNON GROCH | TRUSTEE Trustee or director | 1 | $0 | $0 |
| WILLIAM HORN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARSHA HUNTER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ANDREW JACOBS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LINDA E JOHNSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LISA LIEM | TRUSTEE Trustee or director | 1 | $0 | $0 |
| YUEN SUNG LIU | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CONNIE B MCCANN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOHN H MCFADDEN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| FRANK J MECHURA | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOHN J MEDVECKIS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ROBERT H MUNDHEIM | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ROY NEFF | TRUSTEE Trustee or director | 1 | $0 | $0 |
| C RICHARD NEU | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ROBERT H ROCK | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARK E RUBENSTEIN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CHIONA SCHWARZ | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JAY TOLSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PENELOPE P WATKINS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BETTY WHELCHEL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JERRY WIND | TRUSTEE Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1726 LOCUST ST, PHILADELPHIA, PA 19103-6107
- Principal officer (990 for 2024)
- ROBERTO DIAZ, 1726 LOCUST STREET, PHILADELPHIA, PA 19103
- Signed the 990
- ROBERTO DIAZ, PRESIDENT
- Phone
- (215) 893-5252
- Website
- WWW.CURTIS.EDU
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
THE CURTIS INSTITUTE OF MUSIC, LOCATED IN PHILADELPHIA, PENNSYLVANIA, WAS FOUNDED IN 1924 TO EDUCATE AND TRAIN EXCEPTIONALLY GIFTED YOUNG MUSICIANS TO ENGAGE A GLOBAL COMMUNITY THROUGH THE HIGHEST LEVEL OF ARTISTRY. (CONTINUED ON SCHEDULE O.)THE INSTITUTE IS A TUITION-FREE MUSIC CONSERVATORY THAT IS SUPPORTED PRIMARILY BY ENDOWMENT AND ANNUAL GIVING.
Program accomplishments
- THE CURTIS INSTITUTE OF MUSIC IS A TUITION-FREE SCHOOL OF MUSIC THAT STRIVES TO EDUCATE AND TRAIN EXCEPTIONALLY GIFTED MUSICIANS TO ENGAGE A GLOBAL COMMUNITY THROUGH MUSIC. STUDENTS RECEIVE PERSONALIZED ATTENTION FROM THE INSTITUTE'S CELEBRATED FACULTY, WITH A STUDENT BODY OF 164 AND 130 FACULTY MEMBERS. CURTIS ALSO OWNS AND OPERATES A DORMITORY BUILDING WITH FULL DINING SERVICES FOR ITS ON-CAMPUS STUDENTS.Expenses $18,646,906 · grants $1,860,635 · revenue $1,778,786
- CURTIS PRESENTS OVER 175 PUBLIC PERFORMANCES EACH YEAR FEATURING STUDENTS, ALUMNI, AND FACULTY, GIVING THEM OPPORTUNITIES TO HONE THEIR CRAFT AND SHAPE THEIR ARTISTIC POINT-OF VIEW ON STAGE IN FRONT OF LIVE AUDIENCES.Expenses $8,584,310 · grants $104,800 · revenue $1,957,445
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in May, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | May 31, 2026 | October 15, 2026 | Not on file |
| 2024 | May 31, 2025 | October 15, 2025 | 990 on file |
| 2023 | May 31, 2024 | October 15, 2024 | 990 on file |
IRS record
- EIN
- 23-1585611
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1924
- Accounting year ends
- May
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A6E0)
- Assets (IRS master file)
- $404,372,948
- Income (IRS master file)
- $120,350,458
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | May 2025 | $47,618,232 | $39,303,786 | $404,372,948 | XML |
| 990-T | May 2025 | – | – | – | IRS |
| 990 | May 2024 | $24,929,198 | $33,537,705 | $385,338,043 | XML |
| 990-T | May 2024 | – | – | – | IRS |
| 990 | May 2023 | $43,513,793 | $30,874,759 | $369,843,342 | XML |
| 990-T | May 2023 | – | – | – | IRS |
| 990 | May 2022 | $65,896,582 | $26,055,133 | $375,391,914 | IRS |
| 990 | May 2021 | – | – | – | IRS |
| 990 | May 2020 | – | – | – | IRS |
| 990 | May 2019 | – | – | – | IRS |
| 990 | May 2018 | – | – | – | 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 23-1585611).
Questions about CURTIS INSTITUTE OF MUSIC
- What is the EIN of CURTIS INSTITUTE OF MUSIC?
- The employer identification number (EIN) of CURTIS INSTITUTE OF MUSIC is 23-1585611.
- Is CURTIS INSTITUTE OF MUSIC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1924.
- Are donations to CURTIS INSTITUTE OF MUSIC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CURTIS INSTITUTE OF MUSIC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CURTIS INSTITUTE OF MUSIC due?
- The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CURTIS INSTITUTE OF MUSIC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended May 2025.
- Who is the principal officer of CURTIS INSTITUTE OF MUSIC?
- The 990 for the year ended May 31, 2025 names ROBERTO DIAZ.
- Who are the officers and directors of CURTIS INSTITUTE OF MUSIC?
- The 990 for the year ended May 31, 2025 lists 44 people; 15 received compensation from the organization, the highest $761,414 (ROBERTO DIAZ, PRESIDENT/TRUSTEE).
- How much revenue does CURTIS INSTITUTE OF MUSIC have?
- On its 990 for the year ended May 31, 2025 it reported revenue of $47,618,232, expenses of $39,303,786 and total assets of $404,372,948 at year end.
Other nonprofits in PHILADELPHIA
- PHILADELPHIA MUSEUM OF ART EIN 23-1365388 · last filed 990 for 2025
- KIMMEL CENTER INC EIN 23-2865855 · last filed 990 for 2025
- PHILADELPHIA ORCHESTRA ASSOCIATION EIN 23-1352289 · last filed 990 for 2025
- MANN CENTER FOR THE PERFORMING ARTS EIN 23-1473884 · last filed 990 for 2025
- WHYY INC EIN 23-1438083 · last filed 990 for 2025
- FRANKLIN INSTITUTE EIN 23-1370501 · last filed 990 for 2024
- NATIONAL CONSTITUTION CENTER EIN 23-2434447 · last filed 990 for 2025
- TRUSTEES OF CALDER GARDENS EIN 85-2458469 · last filed 990 for 2025
All nonprofits in PHILADELPHIA · Pennsylvania · Arts, culture and humanities