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Nonprofiteer
← WISCONSIN CONSERVATORY OF MUSIC INC

Form 990 for tax year 2022

Filed by WISCONSIN CONSERVATORY OF MUSIC INC.

Totals

Total revenue
$3,528,199
Total expenses
$3,988,058
Contributions and grants received
$517,374
Grants paid
$0
Program service revenue
$2,704,214
Investment income
$304,674
Other revenue
$1,937
Total assets, end of year
$11,169,743
Total liabilities, end of year
$450,046
Net assets or fund balances, end of year
$10,719,697
Program services expenses (Part IX)
$3,015,157
Management and general expenses
$493,325
Fundraising expenses
$479,576
Program service expenses (Part III)
$3,015,157

Program services were 75.6% 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

    $43,460

  • 1e · Government grants (contributions)

    $52,140

  • 1f · All other contributions, gifts and grants

    $421,774

  • 1g · Noncash contributions included above

    $13,063

  • 2a · Program service revenue: TUITION AND FEES

    total $1,431,011 · related or exempt $1,431,011

  • 2b · Program service revenue: CONTRACTS AND PROGRAM

    total $1,273,203 · related or exempt $1,273,203

  • 3 · Investment income

    total $234,211 · excluded $234,211

  • 7a · Gross sales of assets other than inventory

    securities $324,899

  • 7b · Less cost or other basis and sales expenses

    securities $254,436

  • 7c · Gain or loss

    securities $70,463

  • 7d · Net gain or loss

    total $70,463 · excluded $70,463

  • 8a · Fundraising events: gross income

    $23,250

  • 8a · Fundraising events: contributions included on line 1c

    $43,460

  • 8b · Fundraising events: direct expenses

    $25,450

  • 8c · Net income from fundraising events

    total -$2,200 · excluded -$2,200

  • 11d · All other revenue

    total $4,137 · excluded $4,137

  • 11e · Other revenue, total

    $4,137

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $240,396 · program services $71,795 · management and general $90,310 · fundraising $78,291

  • 7 · Other salaries and wages

    total $2,305,023 · program services $2,033,947 · management and general $94,561 · fundraising $176,515

  • 8 · Pension plan contributions

    total $62,972 · program services $52,094 · management and general $4,574 · fundraising $6,304

  • 9 · Other employee benefits

    total $126,095 · program services $104,314 · management and general $9,158 · fundraising $12,623

  • 10 · Payroll taxes

    total $183,952 · program services $152,178 · management and general $13,360 · fundraising $18,414

  • 11c · Fees: accounting

    total $66,258 · management and general $66,258

  • 11f · Fees: investment management

    total $31,982 · management and general $31,982

  • 11g · Fees: other

    total $86,688 · program services $38,784 · management and general $39,913 · fundraising $7,991

  • 12 · Advertising and promotion

    total $102,500 · fundraising $102,500

  • 13 · Office expenses

    total $193,995 · program services $114,120 · management and general $41,157 · fundraising $38,718

  • 14 · Information technology

    total $41,400 · program services $10,426 · management and general $28,540 · fundraising $2,434

  • 16 · Occupancy

    total $317,933 · program services $275,456 · management and general $33,252 · fundraising $9,225

  • 17 · Travel

    total $13,020 · program services $5,863 · management and general $39 · fundraising $7,118

  • 19 · Conferences, conventions and meetings

    total $25,026 · program services $3,749 · management and general $8,147 · fundraising $13,130

  • 20 · Interest

    total $118 · management and general $118

  • 22 · Depreciation, depletion and amortization

    total $172,108 · program services $144,428 · management and general $22,430 · fundraising $5,250

  • 24a · Other expenses: DUES AND SUBSCRIPTIONS

    total $14,131 · program services $8,003 · management and general $6,128

  • 24b · Other expenses: BAD DEBT EXPENSE

    total $3,398 · management and general $3,398

  • 24c · Other expenses: EVENT SUPPLIES

    total $1,063 · fundraising $1,063

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $211,125 · end of year $167,901

  • 2 · Savings and temporary cash investments

    beginning of year $463,396 · end of year $200,807

  • 3 · Pledges and grants receivable

    beginning of year $418,091 · end of year $199,494

  • 4 · Accounts receivable

    beginning of year $44,001 · end of year $51,462

  • 9 · Prepaid expenses and deferred charges

    beginning of year $24,177 · end of year $15,036

  • 10a · Land, buildings and equipment: cost or other basis

    $5,989,459

  • 10b · Land, buildings and equipment: accumulated depreciation

    $3,369,636

  • 10c · Land, buildings and equipment, net

    beginning of year $2,726,014 · end of year $2,619,823

  • 11 · Investments: publicly traded securities

    beginning of year $7,137,408 · end of year $7,623,564

  • 12 · Investments: other securities

    beginning of year $78,512 · end of year $129,714

  • 15 · Other assets

    beginning of year $518 · end of year $161,942

  • 17 · Accounts payable and accrued expenses

    beginning of year $89,201 · end of year $86,355

  • 19 · Deferred revenue

    beginning of year $240,272 · end of year $209,205

  • 25 · Other liabilities

    beginning of year $0 · end of year $154,486

  • 27 · Net assets without donor restrictions

    beginning of year $8,950,443 · end of year $9,138,697

  • 28 · Net assets with donor restrictions

    beginning of year $1,823,326 · end of year $1,581,000

Mission and programs · 2022

Mission

INSPIRING INDIVIDUALS AND COMMUNITIES THROUGH EXCEPTIONAL MUSIC EDUCATION, ACCESSIBLE TO ALL.

  • THE WISCONSIN CONSERVATORY OF MUSIC STRIVES TO PROVIDE THE FINEST MUSIC EDUCATION EXPERIENCE FOR BOTH PROFESSIONALS AND BEGINNERS ALIKE. WITH 124 YEARS OF EXPERIENCE, THREE BRANCH LOCATIONS AND A HIGHLY KNOWLEDGEABLE FACULTY, WE HAVE THE SKILLS TO HELP OUR STUDENTS EXCEL AND REACH THEIR FULL POTENTIAL. THE CONSERVATORY OF MUSIC SEEKS TO PROVIDE A CONTINUUM OF LEARNING FOR OUR STUDENTS. THE PATHWAY BEGINS WITH EARLY CHILDHOOD MUSIC EXPLORATIONS, AND CONTINUES THROUGH DISCOVERIES CLASSES, CLASSES FOR KIDS AND THEN ON TO INDIVIDUAL INSTRUCTION, CHAMBER GROUPS, ENSEMBLES, AND CAMPS.CONSERVATORY CONNECTIONS DELIVERS MUSIC PROGRAMS, CURRICULUM AND CLASSROOM SUPPORT TO MANY PUBLIC, PRIVATE, CHARTER AND CHOICE SCHOOLS IN THE METRO-MILWAUKEE AREA, AS WELL AS COMMUNITY-BASED SERVICE ORGANIZATIONS THROUGHOUT GREATER MILWAUKEE. OUR FACULTY TRAVEL TO CLASSROOMS WITH WORKSHOPS, CLINICS AND FULL ACADEMIC YEAR MUSIC PROGRAMMING.

    Expenses $3,015,157 · Revenue $2,704,214

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • David Hoover

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Wendell Willis

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Mason Khan

    SECOND VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • F Mike Arnow

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Benjamin Pavlik

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Alan Giuffre

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Gerald Cannon

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Henry Herzing

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Arvind Gopalratnam

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Vinny Moloney

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Chris Nolte

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ulice Payne

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jason Kuwayama

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Anna Rasmussen

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Juan Horcasitas

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Terry Wilkinson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Sheehy

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Jack Miller

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Eric Tillich

    PRESIDENT/CEO

    Total calculated
    $201,079
    From this org
    $183,967
    From related orgs
    $0
    Other
    $17,112
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $168,967
    Bonus
    $15,000
    Other
    $0
    Deferred
    $5,519
    Nontaxable benefits
    $11,593
    Filer's total
    $201,079

  • Shalisa Kline-Ugaz

    EXECUTIVE VICE PRESIDENT

    Total calculated
    $112,829
    From this org
    $109,543
    From related orgs
    $0
    Other
    $3,286
    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 · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 3 · Approval by the board or compensation committee

Answered no

  • 2 · Substantiation required before reimbursing expenses
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
THE CONSERVATORY PAYS ANNUAL DUES TO THE WISCONSIN CLUB UNDER THE CHIEF EXECUTIVE OFFICER'S NAME. THE BENEFIT WAS TREATED AS TAXABLE COMPENSATION.

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
11 July 2024
IRS schema version
2022v5.0
Source object
202411949349300826

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