Totals
- Total revenue
- $9,290,553
- Total expenses
- $12,997,164
- Contributions and grants received
- $7,123,101
- Grants paid
- $92,500
- Program service revenue
- $978,093
- Investment income
- $1,174,194
- Other revenue
- $15,165
- Total assets, end of year
- $111,989,638
- Total liabilities, end of year
- $10,535,156
- Net assets or fund balances, end of year
- $101,454,482
- Program services expenses (Part IX)
- $9,091,488
- Management and general expenses
- $1,777,944
- Fundraising expenses
- $2,127,732
- Program service expenses (Part III)
- $9,091,488
Program services were 69.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$789,261
-
1e · Government grants (contributions)
$424,258
-
1f · All other contributions, gifts and grants
$5,909,582
-
1g · Noncash contributions included above
$570,826
-
2a · Program service revenue: CONCERTS & RECITALS
total $589,761 · related or exempt $589,761
-
2b · Program service revenue: VENUE & STUDIO RENTALS
total $300,807 · related or exempt $300,807
-
2c · Program service revenue: APPLICATION FEES
total $87,525 · related or exempt $87,525
-
3 · Investment income
total $1,174,678 · excluded $1,174,678
-
6a · Gross rents
real property $18,566
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $18,566
-
6d · Net rental income or loss
total $18,566 · excluded $18,566
-
7a · Gross sales of assets other than inventory
securities $3,244,727 · other assets $302,524
-
7b · Less cost or other basis and sales expenses
securities $3,243,986 · other assets $303,749
-
7c · Gain or loss
securities $741 · other assets -$1,225
-
7d · Net gain or loss
total -$484 · excluded -$484
-
8a · Fundraising events: gross income
$62,140
-
8a · Fundraising events: contributions included on line 1c
$789,261
-
8b · Fundraising events: direct expenses
$103,673
-
8c · Net income from fundraising events
total -$41,533 · excluded -$41,533
-
9a · Gaming: gross income
$575
-
9b · Gaming: direct expenses
$16
-
9c · Net income from gaming
total $559 · excluded $559
-
11a · Other revenue: MISCELLANEOUS
total $37,573 · excluded $37,573
-
11e · Other revenue, total
$37,573
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $15,000 · program services $15,000
-
2 · Grants to domestic individuals
total $72,500 · program services $72,500
-
3 · Grants to foreign organizations and individuals
total $5,000 · program services $5,000
-
5 · Compensation of officers, directors and key employees
total $2,115,091 · program services $1,286,381 · management and general $248,580 · fundraising $580,130
-
7 · Other salaries and wages
total $1,854,950 · program services $1,135,543 · management and general $211,658 · fundraising $507,749
-
8 · Pension plan contributions
total $50,877 · program services $27,875 · management and general $6,707 · fundraising $16,295
-
9 · Other employee benefits
total $312,035 · program services $173,064 · management and general $59,932 · fundraising $79,039
-
10 · Payroll taxes
total $281,306 · program services $177,994 · management and general $28,059 · fundraising $75,253
-
11b · Fees: legal
total $35,755 · management and general $35,755
-
11c · Fees: accounting
total $184,837 · management and general $184,837
-
11e · Fees: professional fundraising services
total $17,281 · fundraising $17,281
-
11f · Fees: investment management
total $225,419 · management and general $225,419
-
11g · Fees: other
total $122,401 · program services $37,130 · fundraising $85,271
-
12 · Advertising and promotion
total $370,162 · program services $286,221 · fundraising $83,941
-
13 · Office expenses
total $107,710 · program services $50,171 · management and general $23,060 · fundraising $34,479
-
14 · Information technology
total $259,008 · program services $122,664 · management and general $64,238 · fundraising $72,106
-
16 · Occupancy
total $1,021,878 · program services $712,316 · management and general $252,811 · fundraising $56,751
-
17 · Travel
total $1,369,312 · program services $1,346,581 · management and general $1,117 · fundraising $21,614
-
20 · Interest
total $365,407 · program services $125,045 · management and general $148,207 · fundraising $92,155
-
22 · Depreciation, depletion and amortization
total $1,174,491 · program services $1,021,860 · management and general $125,995 · fundraising $26,636
-
23 · Insurance
total $107,238 · program services $36,840 · management and general $43,543 · fundraising $26,855
-
24a · Other expenses: ARTISTIC & EDUCATIONAL
total $2,332,545 · program services $2,320,771 · management and general $0 · fundraising $11,774
-
24b · Other expenses: MEALS & ENTERTAINMENT
total $81,298 · program services $6,725 · management and general $2,570 · fundraising $72,003
-
24c · Other expenses: CULTIVATION
total $18,137 · program services $259 · management and general $1,653 · fundraising $16,225
-
24d · Other expenses: EQUIPMENT
total $7,477 · program services $6,505 · management and general $873 · fundraising $99
-
24e · All other expenses
total $490,049 · program services $125,043 · management and general $112,930 · fundraising $252,076
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $700,062 · end of year $1,168,290
-
2 · Savings and temporary cash investments
beginning of year $3,308,562 · end of year $887,251
-
3 · Pledges and grants receivable
beginning of year $9,208,610 · end of year $8,036,490
-
4 · Accounts receivable
beginning of year $30,515 · end of year $498,630
-
9 · Prepaid expenses and deferred charges
beginning of year $89,188 · end of year $89,813
-
10a · Land, buildings and equipment: cost or other basis
$50,313,272
-
10b · Land, buildings and equipment: accumulated depreciation
$14,473,348
-
10c · Land, buildings and equipment, net
beginning of year $36,351,121 · end of year $35,839,924
-
11 · Investments: publicly traded securities
beginning of year $41,523,522 · end of year $46,113,656
-
12 · Investments: other securities
beginning of year $14,324,447 · end of year $14,851,396
-
15 · Other assets
beginning of year $4,245,691 · end of year $4,504,188
-
17 · Accounts payable and accrued expenses
beginning of year $1,165,790 · end of year $1,012,019
-
19 · Deferred revenue
beginning of year $25,945 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $10,096,302 · end of year $9,523,137
-
27 · Net assets without donor restrictions
beginning of year $80,923,845 · end of year $85,052,553
-
28 · Net assets with donor restrictions
beginning of year $17,569,836 · end of year $16,401,929
Mission and programs · 2023
Mission
THE MUSIC ACADEMY OF THE WEST MAKES A UNIQUE AND ENDURING CONTRIBUTION TO THE WORLD OF MUSIC BY ADVANCING THE DEVELOPMENT OF THE NEXT GENERATION OF GREAT CLASSICALLY TRAINED MUSICIANS AND CULTIVATING DISCERNING, APPRECIATIVE, AND ADVENTUROUS AUDIENCES.
-
THE MUSIC ACADEMY PRESENTS AN ANNUAL FULL-SCHOLARSHIP SUMMER SCHOOL AND FESTIVAL FOR 135 CLASSICALLY TRAINED FELLOWS AGES 18 TO 34. IN 2023, FOR EIGHT INTENSIVE WEEKS, OUR FELLOWS STUDIED WITH OVER 50 EXCEPTIONAL TEACHING ARTISTS, PERFORMED IN MORE THAN 100 CONCERTS AND MASTERCLASSES, AND FORGED CLOSE CONNECTIONS WITH THE COMMUNITY THROUGH OUR UNIQUE COMPEER PROGRAM. MUSIC ACADEMY ALSO SEEKS TO ENGAGE DIVERSE AUDIENCES BY OFFERING $10 COMMUNITY ACCESS TICKETS, WELCOMING EVERYONE FROM ACROSS ALL GENERATIONS, CULTURES, AND BACKGROUNDS TO EXPERIENCE THE TRANSFORMATIVE POWER OF MUSIC.
Expenses $7,066,211 · Grants $25,000 · Revenue $677,286
-
YEAR-ROUND, THE MUSIC ACADEMY CONTINUES ITS COMMITMENT TO MUSIC EDUCATION, PERFORMANCE, AND CAREER-ADVANCING MENTORSHIP FOR ALUMNI. THE SING! PROGRAM IS A FREE, AFTER-SCHOOL CHORAL PROGRAM FOR LOCAL ELEMENTARY STUDENTS WHICH AIMS TO INSPIRE PERSONAL GROWTH AND EXPRESSION THROUGH MUSIC. SING! HAD OVER 220 PARTICIPANTS, HELD PROGRAMS IN 6 LOCAL SANTA BARBARA COUNTY SCHOOLS, AND OFFERED UP TO 15 PERFORMANCE OPPORTUNITIES TO CHORISTERS. MUSIC ACADEMY SUPPORTED ALUMNI CREATIVE PROJECTS AND PROGRAMS GEARED TOWARDS ENTREPRENEURIAL AND "OFF-STAGE" TRAINING THROUGH THE ALUMNI ENTERPRISE AWARDS, FAST PITCH COMPETITION, MENTORSHIP, AND SUMMER RESIDENCIES. AS PART OF THE KESTON MUSIC ACADEMY EXCHANGE (MAX) PARTNERSHIP WITH THE LONDON SYMPHONY ORCHESTRA (LSO), 12 INSTRUMENTALISTS WERE SELECTED FOR A 10-DAY LONDON RESIDENCY PERFORMING SIDE-BY-SIDE WITH LSO MUSICIANS. THE MUSIC ACADEMY ALSO ENGAGED THE SANTA BARBARA COMMUNITY THROUGH ITS FALL MARIPOSA CONCERT SERIES, MET LIVE BROADCASTS, AND BY OFFERING ITS CAMPUS SPACES TO LOCAL MUSIC TEACHERS AND PERFORMING ARTS ORGANIZATIONS.
Expenses $2,025,277 · Grants $67,500 · Revenue $300,807
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Maurice SingerMAURICE SINGER
CHAIR
- Total calculated
- $0
- Hours/week
- 20
-
Jerrold EberhardtJERROLD EBERHARDT
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 20
-
Pamela StrobelPAMELA STROBEL
SECRETARY
- Total calculated
- $0
- Hours/week
- 15
-
Ellen BargerELLEN BARGER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Judy AstburyJUDY ASTBURY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Margaret CafarelliMARGARET CAFARELLI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Dean CarterDEAN CARTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Mally ChakolaMALLY CHAKOLA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Clive ChangCLIVE CHANG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Daniel S DokosDANIEL S DOKOS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Dianne DuvaDIANNE DUVA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Bridget ForemanBRIDGET FOREMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Rachel FineRACHEL FINE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Ashley HollisterASHLEY HOLLISTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Heejung KimHEEJUNG KIM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Kandy Luria BudgorKANDY LURIA BUDGOR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Joshua RamirezJOSHUA RAMIREZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Gamble Parks DouvilleGAMBLE PARKS DOUVILLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Danner ScheflerDANNER SCHEFLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Stephanie ShumanSTEPHANIE SHUMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Patrick SpencePATRICK SPENCE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Tim TaylorTIM TAYLOR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Edward CroninEDWARD CRONIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Scott ReedSCOTT REED
PRESIDENT & CEO (END 8/15/23)
- Total calculated
- $955,143
- From this org
- $902,635
- From related orgs
- $0
- Other
- $52,508
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $302,635
- Bonus
- $600,000
- Other
- $0
- Deferred
- $15,463
- Nontaxable benefits
- $37,045
- Filer's total
- $955,143
-
Shauna QuillSHAUNA QUILL
PRESIDENT & CEO(AS OF 11/23)
- Total calculated
- $97,807
- From this org
- $89,049
- From related orgs
- $0
- Other
- $8,758
- Hours/week
- 40
-
Mimi DoMIMI DO
CFO & VP OF ADMINISTRATION
- Total calculated
- $240,127
- From this org
- $220,298
- From related orgs
- $0
- Other
- $19,829
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $220,298
- Bonus
- $0
- Other
- $0
- Deferred
- $11,015
- Nontaxable benefits
- $8,814
- Filer's total
- $240,127
-
Jonathan BishopJONATHAN BISHOP
CHIEF ADVANCEMENT OFFICER (END 8/31/23)
- Total calculated
- $230,589
- From this org
- $220,861
- From related orgs
- $0
- Other
- $9,728
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $186,965
- Bonus
- $33,896
- Other
- $0
- Deferred
- $9,348
- Nontaxable benefits
- $380
- Filer's total
- $230,589
-
Jamie BroumasJAMIE BROUMAS
CHIEF ARTISTIC OFFICER (END 12/29/23)
- Total calculated
- $231,950
- From this org
- $205,825
- From related orgs
- $0
- Other
- $26,125
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $205,825
- Bonus
- $0
- Other
- $0
- Deferred
- $9,054
- Nontaxable benefits
- $17,071
- Filer's total
- $231,950
-
Joanne BarnardJOANNE BARNARD
CHIEF ADVANCEMENT OFFICER
- Total calculated
- $206,454
- From this org
- $176,862
- From related orgs
- $0
- Other
- $29,592
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $162,362
- Bonus
- $14,500
- Other
- $0
- Deferred
- $6,426
- Nontaxable benefits
- $23,166
- Filer's total
- $206,454
-
Tiffany DevriesTIFFANY DEVRIES
DEAN
- Total calculated
- $188,021
- From this org
- $160,398
- From related orgs
- $0
- Other
- $27,623
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $160,398
- Bonus
- $0
- Other
- $0
- Deferred
- $8,655
- Nontaxable benefits
- $18,968
- Filer's total
- $188,021
-
Casey Molino DunnCASEY MOLINO DUNN
VP OF INNOVATION & PROGRAM DEVELOPMENT (END 11/10/
- Total calculated
- $175,881
- From this org
- $159,879
- From related orgs
- $0
- Other
- $16,002
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $142,052
- Bonus
- $0
- Other
- $17,827
- Deferred
- $7,163
- Nontaxable benefits
- $8,839
- Filer's total
- $175,881
-
Jill RodeJILL RODE
DIR OF LEGACY GIVING
- Total calculated
- $168,010
- From this org
- $159,830
- From related orgs
- $0
- Other
- $8,180
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $152,330
- Bonus
- $7,500
- Other
- $0
- Deferred
- $7,754
- Nontaxable benefits
- $426
- Filer's total
- $168,010
-
Mark CregarMARK CREGAR
INTERIM CHIEF MARKETING & COMMUNICATIONS OFFICER (
- Total calculated
- $138,000
- From this org
- $138,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Marcia SwiresMARCIA SWIRES
SR DIR FINANCE & ADMINISTRATION
- Total calculated
- $147,208
- From this org
- $126,201
- From related orgs
- $0
- Other
- $21,007
- Hours/week
- 40
-
Jonathan Lee ChanJONATHAN LEE CHAN
MANAGER OF PRODUCTION & TECHNOLOGY
- Total calculated
- $127,384
- From this org
- $114,225
- From related orgs
- $0
- Other
- $13,159
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 1a · Housing allowance or residence for personal use
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Form 990 of other organizations
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 4a · Severance or change-of-control payment
- 5a · Pay contingent on this organization's revenues
- 7 · Other non-fixed payments
Answered no
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 1A
- SCOTT REED, PRESIDENT AND CEO, RECEIVED HOUSING AS A REQUIRED CONDITION OF EMPLOYMENT AND IS INCLUDED AS PART OF EMPLOYMENT CONTRACT.
- PART I, LINE 4A
- CASEY MOLINO DUNN RECEIVED A $17,827 SEVERANCE PAYMENT.
- PART I, LINE 5
- INCENTIVES WERE ACCRUED RELATED TO ACHIEVING REVENUE GOALS
- PART I, LINE 7
- THE COMPENSATION COMMITTEE (EXECUTIVE COMMITTEE) OF THE BOARD APPROVED AN ANNUAL BONUS FOR THE CEO OF $100,000 PLUS A 5-YEAR RETENTION BONUS OF $500,000 PER HIS EMPLOYMENT AGREEMENT. BONUS AMOUNTS PAID TO OTHER INDIVIDUALS WERE ACCRUED IN 2022 RELATED TO ACHIEVING REVENUE GOALS.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
$10,000
ALUMNI ENTERPRISE AWARD
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 10 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202443179349308464
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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