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Nonprofiteer
← PASADENA CONSERVATORY OF MUSIC

Form 990 for tax year 2022

Filed by PASADENA CONSERVATORY OF MUSIC.

Totals

Total revenue
$5,168,648
Total expenses
$3,194,700
Contributions and grants received
$3,292,545
Grants paid
$0
Program service revenue
$1,800,742
Investment income
$78,380
Other revenue
-$3,019
Total assets, end of year
$17,937,144
Total liabilities, end of year
$379,281
Net assets or fund balances, end of year
$17,557,863
Program services expenses (Part IX)
$2,429,729
Management and general expenses
$569,129
Fundraising expenses
$195,842
Program service expenses (Part III)
$2,429,729

Program services were 76.1% 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.

  • 1e · Government grants (contributions)

    $65,575

  • 1f · All other contributions, gifts and grants

    $3,226,970

  • 1g · Noncash contributions included above

    $116,054

  • 2a · Program service revenue: TUITION INCOME

    total $1,737,913 · related or exempt $1,737,913

  • 2b · Program service revenue: SALES AND RENTALS

    total $62,829 · related or exempt $62,829

  • 3 · Investment income

    total $78,050 · excluded $78,050

  • 7a · Gross sales of assets other than inventory

    securities $100,533

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

    securities $100,203

  • 7c · Gain or loss

    securities $330

  • 7d · Net gain or loss

    total $330 · excluded $330

  • 8a · Fundraising events: gross income

    $41,034

  • 8b · Fundraising events: direct expenses

    $44,053

  • 8c · Net income from fundraising events

    total -$3,019 · excluded -$3,019

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $161,314 · program services $64,526 · management and general $72,592 · fundraising $24,196

  • 7 · Other salaries and wages

    total $1,879,800 · program services $1,407,338 · management and general $347,766 · fundraising $124,696

  • 9 · Other employee benefits

    total $14,495 · program services $13,011 · management and general $1,096 · fundraising $388

  • 10 · Payroll taxes

    total $159,057 · program services $119,356 · management and general $29,317 · fundraising $10,384

  • 11c · Fees: accounting

    total $29,642 · management and general $29,642

  • 11f · Fees: investment management

    total $50,771 · program services $49,230 · management and general $1,185 · fundraising $356

  • 11g · Fees: other

    total $258,117 · program services $246,288 · management and general $9,531 · fundraising $2,298

  • 12 · Advertising and promotion

    total $53,697 · program services $10,809 · management and general $42,810 · fundraising $78

  • 13 · Office expenses

    total $49,147 · program services $28,497 · management and general $16,374 · fundraising $4,276

  • 16 · Occupancy

    total $68,571 · program services $66,491 · management and general $1,599 · fundraising $481

  • 19 · Conferences, conventions and meetings

    total $8,599 · program services $6,556 · management and general $1,866 · fundraising $177

  • 22 · Depreciation, depletion and amortization

    total $264,950 · program services $256,909 · management and general $6,182 · fundraising $1,859

  • 23 · Insurance

    total $44,722 · program services $40,407 · management and general $4,023 · fundraising $292

  • 24a · Other expenses: RECITALS AND CONCERTS

    total $85,124 · program services $58,088 · management and general $3,249 · fundraising $23,787

  • 24b · Other expenses: FEE FOR SERVICE PROGRAM

    total $21,769 · program services $21,769

  • 24c · Other expenses: PROGRAM EQUIPMENT AND S

    total $19,294 · program services $19,294

  • 24d · Other expenses: OTHER PROGRAM EXPENSES

    total $11,209 · program services $11,209

  • 24e · All other expenses

    total $14,422 · program services $9,951 · management and general $1,897 · fundraising $2,574

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,102,494 · end of year $5,429,762

  • 2 · Savings and temporary cash investments

    beginning of year $217,683

  • 3 · Pledges and grants receivable

    beginning of year $2,263,332 · end of year $2,405,341

  • 4 · Accounts receivable

    beginning of year $62,784 · end of year $79,608

  • 9 · Prepaid expenses and deferred charges

    beginning of year $19,124 · end of year $16,469

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

    $12,796,998

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

    $3,185,837

  • 10c · Land, buildings and equipment, net

    beginning of year $8,872,931 · end of year $9,611,161

  • 12 · Investments: other securities

    beginning of year $295,107 · end of year $325,960

  • 15 · Other assets

    beginning of year $48,010 · end of year $68,843

  • 17 · Accounts payable and accrued expenses

    beginning of year $135,721 · end of year $158,044

  • 19 · Deferred revenue

    beginning of year $118,361 · end of year $152,394

  • 25 · Other liabilities

    beginning of year $48,010 · end of year $68,843

  • 27 · Net assets without donor restrictions

    beginning of year $9,574,289 · end of year $9,317,539

  • 28 · Net assets with donor restrictions

    beginning of year $6,005,084 · end of year $8,240,324

Mission and programs · 2022

Mission

PCM'S MISSION IS TO: EDUCATE THROUGH A COMPREHENSIVE CURRICULUM TAUGHT BY AN EXCEPTIONAL FACULTY; ADVOCATE FOR THE VALUE OF MUSIC STUDY; INSPIRE THROUGH PERFORMANCES OF TRADITIONAL, CONTEMPORARY, AND MULTICULTURAL MUSIC; AND, SHARE OUR EXPERTISE WITH A BROAD SPECTRUM OF THE COMMUNITY.

Activities or mission (Part I)

TO PROVIDE OPPORTUNITIES FOR ALL STUDENTS TO STUDY, PERFORM AND ENJOY MUSIC.

  • OUTREACH PROGRAMS ARE PROVIDED TO APPROXIMATELY 750 STUDENTS AT VARIOUS SITES IN THE PASADENA AREA. ON SITE INSTRUCTION PROGRAMS ARE PROVIDED TO APPROXIMATELY 800 STUDENTS THROUGH A COMPREHENSIVE CURRICULUM. ABOUT 75 PERFORMANCES WERE PRESENTED DURING THE YEAR FOR AN AUDIENCE OF APPROXIMATELY 3,500.

    Expenses $2,429,729 · Revenue $1,800,742

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

Listed in Part VII

  • Laurie Sowd

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Alison Lifland

    SECRETARY FROM SEPT.

    Total calculated
    $0
    Hours/week
    1

  • Judith Kelly

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Eric Lee

    TREASURER FROM SEPT.

    Total calculated
    $0
    Hours/week
    1

  • Andrew Rooke

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ann Barrett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dave Davis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Craig Matsuda

    DIRECTOR FROM NOV

    Total calculated
    $0
    Hours/week
    1

  • Jane Kaczmarek

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Greg Pieschala

    DIRECTOR FROM JAN

    Total calculated
    $0
    Hours/week
    1

  • June Li

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Richard Goetz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Thomas Kidde

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Stephen McCurry

    EXECUTIVE DIRECTOR

    Total calculated
    $173,993
    From this org
    $156,923
    From related orgs
    $0
    Other
    $17,070
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $156,923
    Bonus
    $0
    Other
    $0
    Deferred
    $16,538
    Nontaxable benefits
    $532
    Filer's total
    $173,993

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

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 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

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
25 April 2024
IRS schema version
2022v5.0
Source object
202431249349302443

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