Pasadena Conservatory Of Music
- Assets
- $15.9m
- Revenue
- $8.0m
- Investments
- $295.1k
- Employees
- 86
- Location
- Pasadena, CA
- Founding
- 07/1984
- Data as of
- 06/2022
- EIN
- 95-3900207
Organization Overview
Pasadena Conservatory Of Music is located in Pasadena, CA. The organization was established in 1984. According to its NTEE Classification (A6E) the organization is classified as: Performing Arts Schools, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Pasadena Conservatory Of Music employed 86 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pasadena Conservatory Of Music is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Pasadena Conservatory Of Music generated $8.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.2% each year . All expenses for the organization totaled $2.9m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE OPPORTUNITIES FOR ALL STUDENTS TO STUDY, PERFORM AND ENJOY MUSIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laurie Sowd Board Chair From Sept. | OfficerTrustee | 1 | $0 |
V Shannon Clyne Board Chair Until Sept. | OfficerTrustee | 1 | $0 |
Alison Lifland Secretary From Sept. | OfficerTrustee | 1 | $0 |
Judith Kelly Secretary Until Sept. | OfficerTrustee | 1 | $0 |
Eric Lee Treasurer From Sept. | OfficerTrustee | 1 | $0 |
Andrew Rooke Treasurer Until Sept. | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Del Amo Construction Construction | 6/29/15 | $2,409,085 |
Architectural Resources Group Inc Campus Development/architectural Service | 6/29/15 | $133,775 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $87,432 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,355,947 |
| Noncash contributions included in lines 1a–1f | $1,184,438 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,443,379 |
| Total Program Service Revenue | $1,519,962 |
| Investment income | $2,139 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$7,728 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,957,752 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $154,350 |
| Compensation of current officers, directors, key employees. | $69,458 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,551,089 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $96,942 |
| Payroll taxes | $132,922 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,013 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $41,174 |
| Fees for services: Other | $222,733 |
| Advertising and promotion | $51,979 |
| Office expenses | $42,727 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $60,976 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,894 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $285,561 |
| Insurance | $32,688 |
| All other expenses | $20,470 |
| Total functional expenses | $2,857,394 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,102,494 |
| Savings and temporary cash investments | $217,683 |
| Pledges and grants receivable | $2,263,332 |
| Accounts receivable, net | $62,784 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $19,124 |
| Net Land, buildings, and equipment | $8,872,931 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $295,107 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $48,010 |
| Total assets | $15,881,465 |
| Accounts payable and accrued expenses | $135,721 |
| Grants payable | $0 |
| Deferred revenue | $118,361 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $48,010 |
| Total liabilities | $302,092 |
| Net assets without donor restrictions | $9,574,289 |
| Net assets with donor restrictions | $6,005,084 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $15,881,465 |