2025-11-17T11:02:10+00:00 2024-12-31 440160260 Forvis Mazars LLP 500 Ridgefield Court Asheville NC 28806 990 2024-01-01 560729350 BREVARD MUSIC CENTER INCORPORATED BREV 8288622100 PO BOX 312 Brevard NC 28712 Keith Arbogast CFO 8288622111 2025-11-17 true Amy Bibby P00445891 8282542254 2025-11-14 2024 2025-03-06 01:10:19Z JASON POSNOCK PO BOX 312 Brevard NC 28712 14895010 false X WWW.BREVARDMUSIC.ORG X 1947 NC Brevard Music Center, a summer institute and festival, teaches gifted young musicians to prepare and perform great musical works at a high artistic level. 29 29 282 220 15006 0 4646710 6098973 4197087 4152443 3378795 3891343 275980 521000 12498572 14663759 0 0 0 0 3897649 3879900 0 0 745023 5322312 5982292 9219961 9862192 3278611 4801567 67385532 72689061 5410412 4849470 61975120 67839591 Brevard Music Center, a summer institute and festival, teaches gifted young musicians to prepare and perform great musical works at a high artistic level. false false 7657100 4282813 The Brevard Music Center Summer Institute and Festival is a prestigious annual event that provides young musicians with intensive training and performance opportunities. The programs offered-Jazz, Orchestral Studies, Piano, Composition, Voice, and Opera-showcase a diverse and comprehensive curriculum designed to cater to students with varying musical interests and specialties. Each summer, the Center welcomes nearly 1,000 students who immerse themselves in rigorous training and masterclasses led by accomplished instructors and professional musicians. These students then apply their skills in a real-world context through approximately 25 public performances, including recitals, concerts, and fully staged productions, providing them with valuable performance experience. From June through August, BMC's active summer season draws in over 40,000 music enthusiasts, families, and supporters to witness a wide array of musical events. This period is not only an educational opportunity for participants but also a cultural highlight for audiences who attend the performances. 7657100 true true false false false false false false false true true false false false true true true false true false false false false false true true false false false true false false false false false false false false false false true false false false false true false false false false true 99 0 true 282 true true true false false false false true true false false false false false false X 29 29 false false false false false true false true true false true true true true true true true true true true false false X Keith Arbogast 8288622100 PO BOX 312 Brevard NC 28712 Bill Hackney Board Chair 3.0 X X 0 0 0 Pat Crull Secretary 3.0 X X 0 0 0 Rich Jacobs Board Vice-Chair 3.0 X X 0 0 0 Sue Henderson Board Treasurer 3.0 X X 0 0 0 Betsy Barefoot Board Member 3.0 X 0 0 0 Blake-Anthony Johnson Board Member 3.0 X 0 0 0 Bob Olsen Board Member 3.0 X 0 0 0 Bruce Berryhill Board Member 3.0 X 0 0 0 Charles Weiss Board Member 3.0 X 0 0 0 Charlotte Cameron Board Member 3.0 X 0 0 0 Douglas Bailey Board Member 3.0 X 0 0 0 Edie Cecil Board Member 3.0 X 0 0 0 Falls Harris Board Member 3.0 X 0 0 0 Helen Peery Board Member 3.0 X 0 0 0 Jerusha Fadial Board Member 3.0 X 0 0 0 John Candler Board Member 3.0 X 0 0 0 Judith Tijattas Board Member 3.0 X 0 0 0 Katherine Volitile Board Member 3.0 X 0 0 0 Katie Loeb-Schwab Board Member 3.0 X 0 0 0 Laurie Ombres Board Member 3.0 X 0 0 0 Linda Thompson Board Member 3.0 X 0 0 0 M Beatie Wood Board Member 3.0 X 0 0 0 Martha Coursey Board Member 3.0 X 0 0 0 Martin Tijattas Board Member 3.0 X 0 0 0 Mary Owen Board Member 3.0 X 0 0 0 Mike Abney Board Member 3.0 X 0 0 0 Phillip Jerome Board Member 3.0 X 0 0 0 Roy Smart Board Member 3.0 X 0 0 0 Ruby Morgan Board Member 3.0 X 0 0 0 T Kenneth Cribb Jr Board Member 3.0 X 0 0 0 Thomas Bolton Board Member 3.0 X 0 0 0 Jason Posnock President & CEO 40.0 X 225846 0 34234 Keith Arbogast Chief Financial Officer 40.0 X 167699 0 22203 Aimee Smallwood Advancement Officer 40.0 X 114796 0 15247 Dave Perrett Sr. Director of Development 40.0 X 167746 0 23126 Mark Weinstein Former President X 150000 0 0 826087 0 94810 4 true true false Mark Weinstein 112 Kanvsita Court Brevard NC 28712 Fundraising/Management 150000 1 638676 82500 5377797 70966 6098973 Tuition and Fees 611600 2719533 2719533 Ticket Sales 611600 1432910 1432910 0 0 0 0 4152443 1389309 1389309 120172 120172 0 120172 105166 15006 2502034 2502034 0 2502034 2502034 77238 638676 119633 -42395 -42395 187500 52119 135381 135381 84703 59499 25204 25204 Miscellaneous Revenue 900099 282638 282638 0 0 0 0 282638 14663759 4282813 15006 4266967 X 527505 105501 303007 118997 2808464 2112218 306327 389919 51361 19105 14956 17300 267596 127756 73353 66487 224974 152094 37055 35825 2198 2198 50848 50848 16944 16944 1902296 1566517 335779 0 145930 145930 1234487 1030580 166875 37032 126615 49120 26371 51124 600566 600432 134 138747 137174 355 1218 17291 9912 2357 5022 93252 93252 1151066 1151066 129870 82241 47629 Production/Performance 274202 274202 Miscellaneous 97980 75881 22099 0 0 0 0 9862192 7657100 1460069 745023 4774376 4653311 1356848 1806069 250436 558016 0 0 2075 2075 111403 114586 36879213 16154445 19424758 20724768 40431862 43728577 0 0 1033774 1101659 67385532 72689061 422499 27823 56672 76809 0 4448367 4271020 482874 473818 5410412 4849470 X 25230912 27701964 36744208 40137627 61975120 67839591 67385532 72689061 X 4801567 1004163 58741 X X false true true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 33871290 51285 4404059 1811306 75844 36439484 30393635 59514 4558918 1072331 68446 33871290 37882227 50225 -6081299 1374215 83303 30393635 33551578 53350 5539907 1225457 37151 37882227 30050002 58246 4617442 1119680 54432 33551578 0.0449 0.0274 0.9277 false false 840558 840558 26058252 11446165 14612087 5080986 3253779 1827207 4899417 1454501 3444916 20724768 Federal Income Taxes CHARITABLE GIFT ANNUITIES PAYABLE 239683 LIFE ESTATE USE OBLIGATION 234135 473818 X 15721558 1004163 291672 1295835 14425723 238036 238036 14663759 9857087 232931 232931 9624156 238036 238036 9862192 Schedule D, Part V, Line 4 Intended uses of endowment funds BREVARD MUSIC CENTER'S ENDOWMENT IS INTENDED TO SUPPORT THE MISSION OF THE ORGANIZATION BY THE USE OF PRUDENT ANNUAL WITHDRAWALS TO FUND STUDENT SCHOLARSHIPS, FACULTY SALARIES, GUEST ARTISTS, AND GENERAL OPERATING EXPENSES OF THE INSTITUTION. THE AMOUNT WITHDRAWN FROM THE ENDOWMENT EACH YEAR IS APPROVED BY THE BOARD OF TRUSTEES, TAKING INTO CONSIDERATION THE NECESSITY TO SUPPORT THE MISSION OF THE INSTITUTION AND TO MAINTAIN THE ENDOWMENT FUND FOR FUTURE NEEDS OF THE INSTITUTION. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote THE CENTER'S POLICY IS TO RECORD A LIABILITY FOR ANY TAX POSITION TAKEN THAT IS BENEFICIAL TO THE CENTER, INCLUDING ANY RELATED INTEREST AND PENALTIES, WHEN IT IS MORE LIKELY THAN NOT THE POSITION TAKEN BY MANAGEMENT WITH RESPECT TO A TRANSACTION OR CLASS OF TRANSACTIONS WILL BE OVERTURNED BY A TAXING AUTHORITY UPON EXAMINATION. MANAGEMENT BELIEVES THERE ARE NO SUCH POSITIONS AS OF DECEMBER 31, 2024 AND 2023 AND, ACCORDINGLY, NO LIABILITY HAS BEEN ACCRUED. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 CHANGE IN SPLIT-INTEREST VALUE - 58741 Special Event Expense - 173432 COGS - 59499 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements EXPENSES IN REVENUE - 238036 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 Special Events Expense - 173432 COGS - 59499 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements Expenses in Revenue - 238036 true true false false true true true false false false false false false false false true false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY THE SCHOOL DRAWS ITS STUDENTS NATIONWIDE AND FROM OTHER COUNTRIES SO IT IS NOT PRACTICAL TO USE NEWSPAPER OR BROADCAST MEDIA TO PUBLICIZE ITS RACIALLY NONDISCRIMINATORY POLICY. THE SCHOOL'S NONDISCRIMINATORY POLICY IS PUBLISHED IN ALL COMMUNICATIONS USED TO SOLICIT STUDENTS DIRECTLY, AND ON ITS WEBSITE, WHICH IS THE MAIN TOOL USED TO COMMUNICATE WITH POTENTIAL STUDENTS. Schedule E, Part I, Line 4(d) RECORDS AND COPIES MAINTAINED BY THE ORGANIZATION BREVARD MUSIC CENTER DOES NOT MAINTAIN RECORDS INDICATING THE RACIAL COMPOSITION OF THE STUDENT BODY, FACULTY, AND ADMINISTRATIVE STAFF. ENROLLMENT OFFERS ARE BASED SOLELY ON MUSICAL ABILITY AFTER REVIEW OF SUBMITTED AUDITIONS. DECISIONS CONCERNING FACULTY AND ADMINISTRATIVE STAFF ARE BASED UPON THE APPLICANT'S ABILITY TO PERFORM THE DUTIES REQUIRED, AND, IN THE CASE OF FACULTY, THEIR MUSICAL TALENT. Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT BREVARD MUSIC CENTER RECEIVED GRANTS FROM THE NORTH CAROLINA ARTS COUNCIL AND THE NATIONAL ENDOWMENT FOR THE ARTS FUNDED BY THE NORTH CAROLINA AND UNITED STATES LEGISLATURES, RESPECTIVELY. Prelude 316525 289014 27511 27511 32632 Guest Artist 195900 174045 21855 21855 5532 6 203489 175617 27872 27873 4230 715914 638676 77238 77239 42394 119633 -42395 0 0 187500 52119 false 0 187500 52119 NC false NORTH CAROLINA DOES NOT REQUIRE NON-PROFITS TO BE LICENSED TO HOLD A RAFFLE. THE ORGANIZATION MUST ADHERE TO THE RULES FOR NON-PROFITS AS STATED IN THE STATUTES. false true false 1.0 0.0 Keith Arbogast PO Box 312 Brevard NC 28712 false false X X X X false false false false false true false false false Mark Weinstein Former President 150000 0 0 0 0 0 0 0 0 0 150000 0 0 0 Jason Posnock President & CEO 210619 0 15227 0 0 0 11000 0 23234 0 260080 0 0 0 Keith Arbogast Chief Financial Officer 154330 0 13369 0 0 0 7840 0 14363 0 189902 0 0 0 Dave Perrett Sr. Director of Development 154186 0 13560 0 0 0 7759 0 15367 0 190872 0 0 0 Schedule J, Part I, Line 6a Compensation contingent on net earnings of the organization ALL FULL-TIME EMPLOYEES PARTICIPATE IN A INCENTIVE AWARD PLAN THAT IS BASED ON THE ORGANIZATION ACHIEVING A POSITIVE NET OPERATING SURPLUS ANNUALLY. THE AMOUNT AND PAYMENT UNDER THIS PLAN IS AT THE DISCRETION OF THE BOARD OF TRUSTEES. 4 70966 Market value false false false Form 990, Part VI, Line 18 THE ORGANIZATION MAKES ITS MOST RECENTLY FILED FORM 990 AVAILABLE TO THE PUBLIC UPON REQUEST. ADDITIONALLY, RECENT FILINGS OF THE FORM 990 ARE AVAILABLE ONLINE AT WWW.GUIDESTAR.ORG. Form 990, Part VI, Line 1a Delegate broad authority to a committee THERE SHALL BE AN EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES CONSISTING OF THE OFFICERS OF THE BOARD, THE PRESIDENT, AND CHAIRS OF THE STANDING COMMITTEES. THE EXECUTIVE COMMITTEE SHALL HAVE AND EXERCISE THE POWERS OF THE BOARD OF TRUSTEES IN THE MANAGEMENT OF THE BUSINESS AND OFFICERS OF THE CENTER BETWEEN THE MEETINGS OF THE BOARD, OR TO THE EXTENT AND FOR SUCH PERIOD OR PERIODS OF TIME AS THE BOARD OF TRUSTEES MAY PROVIDE BY RESOLUTION DULY ADOPTED BY A MAJORITY OF THE TRUSTEES IN OFFICE. A SIMPLE MAJORITY (INCLUDING ALWAYS THE CHAIR, OR IN THE CHAIR'S ABSENCE THE CHAIR-ELECT, PAST-CHAIR OR ACTING-CHAIR), SHALL CONSTITUTE A QUORUM OF THE EXECUTIVE COMMITTEE FOR TRANSACTION OF BUSINESS. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body ONE ORGANIZATION HAS THE POWER TO APPOINT ONE BOARD MEMBER. THE PRESIDENT OF BREVARD MUSIC CENTER ASSOCIATION SHALL SERVE IN AN EX-OFFICIO CAPACITY AS HE OR SHE IS FROM TIME TO TIME ELECTED BY HIS/HER RESPECTIVE ORGANIZATION. Form 990, Part VI, Line 11b Review of form 990 by governing body THE AUDIT COMMITTEE HAS BEEN PROVIDED THE FORM 990. THE AUDIT COMMITTEE HAS CONVENED A MEETING TO REVIEW THE FORM 990, WHICH MANAGEMENT AND FORVIS MAZARS, LLP PRESENTED AN OVERVIEW OF THE FORM 990. THE FORM 990 HAS BEEN PROVIDED VIA EMAIL TO ALL BOARD MEMBERS PRIOR TO FILING. THE COMMITTEE RECOMMENDS THE BOARD APPROVE THE FORM 990 PREPARED BY FORVIS MAZARS, LLP FOR BREVARD MUSIC CENTER. Form 990, Part VI, Line 12c Conflict of interest policy ALL TRUSTEES, OFFICERS AND EMPLOYEES ARE REQUIRED TO DISCLOSE ANY CONFLICTS OF INTEREST OR POTENTIAL CONFLICTS OF INTEREST ANNUALLY AND TO AFFIRM THAT THEY HAVE READ THE CONFLICT OF INTEREST POLICY. ANY INDIVIDUAL WHO HAS POTENTIAL CONFLICT OF INTEREST IS REQUIRED TO RECUSE HIMSELF FROM TAKING PART IN ANY DECISION WHERE THAT CONFLICT EXISTS. Form 990, Part VI, Line 15a Process to establish compensation of top management official The Compensation and Personnel Committee of the Board of Trustees reviews and sets compensation annually for the President and other officers. Comparative salary data is attained from a third-party reporting agency and the organization's compensation levels are benchmarked against the closest comparative industry, company size, and employee position. Form 990, Part VI, Line 19 Required documents available to the public THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST. Form 990, Part IX, Line 11g Other Fees Purchased Services - Total Expense: 59470, Program Service Expense: 2000, Management and General Expenses: 57470, Fundraising Expenses: ; Professional Fees - Total Expense: 1401513, Program Service Expense: 1123204, Management and General Expenses: 278309, Fundraising Expenses: ; Contract Services - Total Expense: 441313, Program Service Expense: 441313, Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; Form 990, Part XI, Line 9 Other changes in net assets or fund balances CHANGE IN VALUE OF SPLIT INTEREST - 58741; Total - 58741; Form 990, Part XII, Line 2c Change of oversight process or selection process THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. CHARITABLE REMAINDER UNITRUST (1) TRUST NC NA false false false false false false false false false false false false false false false false false false false false