2026-03-19T11:42:58-05:00 2025-05-31 410746749 CLIFTONLARSONALLEN LLP TWO INTERNATIONAL PLACE 22ND FLOOR BOSTON MA 02110 990 2024-06-01 231585611 CURTIS INSTITUTE OF MUSIC CURT 2158935252 1726 LOCUST STREET PHILADELPHIA PA 19103 ROBERTO DIAZ PRESIDENT 2158935252 2026-03-09 1 1 LAURA J KENNEY P00202198 6177170831 2026-03-09 2024 2025-03-06 01:10:19Z ROBERTO DIAZ 1726 LOCUST STREET PHILADELPHIA PA 19103 120350458 0 X WWW.CURTIS.EDU X 1924 PA TO EDUCATE & TRAIN EXCEPTIONALLY GIFTED YOUNG MUSICIANS TO ENGAGE A LOCAL & GLOBAL COMMUNITY 33 29 391 76 17180 2009 12161567 29465642 3971247 3736231 8688638 14138138 107746 278221 24929198 47618232 1729649 1965435 0 0 15380314 17077585 134676 62980 1928409 16293066 20197786 33537705 39303786 -8608507 8314446 385338043 404372948 4620861 2565673 380717182 401807275 X THE CURTIS INSTITUTE OF MUSIC, LOCATED IN PHILADELPHIA, PENNSYLVANIA, WAS FOUNDED IN 1924 TO EDUCATE AND TRAIN EXCEPTIONALLY GIFTED YOUNG MUSICIANS TO ENGAGE A GLOBAL COMMUNITY THROUGH THE HIGHEST LEVEL OF ARTISTRY. (CONTINUED ON SCHEDULE O.)THE INSTITUTE IS A TUITION-FREE MUSIC CONSERVATORY THAT IS SUPPORTED PRIMARILY BY ENDOWMENT AND ANNUAL GIVING. 0 0 18646906 1860635 1778786 THE CURTIS INSTITUTE OF MUSIC IS A TUITION-FREE SCHOOL OF MUSIC THAT STRIVES TO EDUCATE AND TRAIN EXCEPTIONALLY GIFTED MUSICIANS TO ENGAGE A GLOBAL COMMUNITY THROUGH MUSIC. STUDENTS RECEIVE PERSONALIZED ATTENTION FROM THE INSTITUTE'S CELEBRATED FACULTY, WITH A STUDENT BODY OF 164 AND 130 FACULTY MEMBERS. CURTIS ALSO OWNS AND OPERATES A DORMITORY BUILDING WITH FULL DINING SERVICES FOR ITS ON-CAMPUS STUDENTS. 8584310 104800 1957445 CURTIS PRESENTS OVER 175 PUBLIC PERFORMANCES EACH YEAR FEATURING STUDENTS, ALUMNI, AND FACULTY, GIVING THEM OPPORTUNITIES TO HONE THEIR CRAFT AND SHAPE THEIR ARTISTIC POINT-OF VIEW ON STAGE IN FRONT OF LIVE AUDIENCES. 27231216 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 1 597 0 1 391 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 33 29 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 AK CO KY MD MA MI NH OH OK OR PA WA X JOHN CHRISTOPHER DWYER 2158754202 1726 LOCUST STREET PHILADELPHIA PA 19103 ROBERTO DIAZ PRESIDENT/TRUSTEE 37.50 0.00 X X 761414 0 67894 LAWRENCE BOMBACK TREASURER, SR VP OF ADMIN TO 6/24 37.50 0.00 X 334118 0 21333 VINCENT FORD SR VP DIGITAL STRATEGY & INNOVATION 37.50 0.00 X 273233 0 32857 NICHOLAS A DIBERARDINO TRUSTEE/PROVOST, DEAN 37.50 0.00 X 243288 0 41319 PAUL BRYAN DIR. OF ASSESSMENT AND ACCREDITATION 37.50 0.00 X 218137 0 39719 PAMELA FRANK FACULTY MEMBER 12.00 0.00 X 195288 0 48190 KIMBERLY GOULD VICE PRESIDENT, PEOPLE AND CULTURE 37.50 0.00 X 212704 0 24188 IDA KAVAFIAN FACULTY MEMBER 12.00 0.00 X 179335 0 42359 MICHAEL ANDREW LANE VP TOURING AND ARTIST MANAGEMENT 37.50 0.00 X 175893 0 22986 MARCELLA GENEROSE MANAGING DIRECTOR OF DEVELOPMENT 37.50 0.00 X 166435 0 21927 PATRICIA K JOHNSON VP COMMUNICATIONS & PUBLIC AFFAIRS 37.50 0.00 X 158393 0 23735 STEPHEN L CASCIANO SR DIR FACILITIES AND CAMPUS SAFETY 37.50 0.00 X 159188 0 8397 MARY CLAIRE SULLIVAN SECRETARY 37.50 0.00 X 124837 0 19287 AMY YANG TRUSTEE/FACULTY MEMBER 30.00 0.00 X 102160 0 21264 ERIN KEEFE TRUSTEE/FACULTY MEMBER 12.00 0.00 X 61311 0 3066 DEBORAH M FRETZ CHAIR/TRUSTEE 1.00 0.00 X X 0 0 0 VICTORIA BOK VICE CHAIR/TRUSTEE 1.00 1.00 X X 0 0 0 EDWARD A MONTGOMERY JR VICE CHAIR/TRUSTEE 1.00 0.00 X X 0 0 0 ANDREW JACOBS TREASURER/TRUSTEE 1.00 0.00 X X 0 0 0 LOUIS BARBARIN TRUSTEE 1.00 0.00 X 0 0 0 WILLIAM BRODY TRUSTEE 1.00 0.00 X 0 0 0 ANTHONY B CREAMER III TRUSTEE 1.00 0.00 X 0 0 0 GORDON FOWLER TRUSTEE 1.00 0.00 X 0 0 0 JUDITH FREYER TRUSTEE 1.00 0.00 X 0 0 0 MIGNON GROCH TRUSTEE 1.00 0.00 X 0 0 0 WILLIAM HORN TRUSTEE 1.00 0.00 X 0 0 0 MARSHA HUNTER TRUSTEE 1.00 0.00 X 0 0 0 BRIAN JANDRUCKO TRUSTEE 1.00 0.00 X 0 0 0 LINDA E JOHNSON TRUSTEE 1.00 0.00 X 0 0 0 LISA LIEM TRUSTEE 1.00 0.00 X 0 0 0 YUEN SUNG LIU TRUSTEE 1.00 0.00 X 0 0 0 CONNIE B MCCANN TRUSTEE 1.00 0.00 X 0 0 0 JOHN H MCFADDEN TRUSTEE 1.00 0.00 X 0 0 0 FRANK J MECHURA TRUSTEE 1.00 0.00 X 0 0 0 JOHN J MEDVECKIS TRUSTEE 1.00 0.00 X 0 0 0 ROBERT H MUNDHEIM TRUSTEE 1.00 0.00 X 0 0 0 C RICHARD NEU TRUSTEE 1.00 0.00 X 0 0 0 ROBERT H ROCK TRUSTEE 1.00 1.00 X 0 0 0 MARK E RUBENSTEIN TRUSTEE 1.00 0.00 X 0 0 0 CHIONA XANTHOPOULOU-SCHWARZ TRUSTEE 1.00 0.00 X 0 0 0 JAY TOLSON TRUSTEE 1.00 0.00 X 0 0 0 PENELOPE P WATKINS TRUSTEE 1.00 0.00 X 0 0 0 JERRY WIND TRUSTEE 1.00 0.00 X 0 0 0 NADIA ZERHOUNI TRUSTEE 1.00 0.00 X 0 0 0 3365734 0 438521 49 0 1 0 MICHELLE CANN 1726 LOCUST STREET PHILADELPHIA PA 19103 ARTIST SERVICES 343347 CAMPBELL TD 301 THIRD AVENUE FARMVILLE VA 23901 PRODUCTION COSTS 185810 JULIANNE LEE 1726 LOCUST STREET PHILADELPHIA PA 19103 ARTIST SERVICES 139365 THE SNUG LLC 1453 W 49TH STREET LOS ANGELES CA 90062 WEBSITE DESIGN AND DEVELOPMENT 130570 4 X 879233 4682945 23903464 5048134 29465642 CONCERT AND TOURING INCOME 711130 1957445 1957445 STUDENT FEES 611310 900397 900397 DORMITORY AND DINING REVENUE 721310 842348 842348 RECORDING INCOME 711130 31714 31714 SUMMER AND ONLINE PROGRAMS 611310 1673 1673 2654 2654 3736231 3129317 457 3128860 2346 2346 213000 196177 16823 16823 16723 100 83300598 57531 72349308 0 10951290 57531 11008821 11008821 100450 879233 186741 -86291 -86291 COMMISSIONS FOR ARTIST MANAGEMENT 900099 195402 195402 ADMINISTRATIVE FEE 561000 42000 42000 107941 107941 345343 47618232 3736231 17180 14399179 1965435 1965435 3467365 765700 1702554 999111 11093892 8717011 2365864 11017 886101 735400 119093 31608 377222 317245 49976 10001 1253005 954038 221155 77812 145635 145635 53339 53339 60000 60000 62980 62980 1248613 1248613 2277614 937250 1196744 143620 2754429 2375881 378548 1393933 445124 725624 223185 709976 219921 480110 9945 1340300 1162331 125407 52562 908094 891036 5030 12028 575713 546564 28839 310 58920 58920 2604375 1935447 475690 193238 406722 347099 43927 15696 PRODUCTION COSTS 4354772 4354772 DINING SERVICE/CATERING 668579 650143 18436 SCHOOL OPERATIONS 208306 141581 66725 MEMBERSHIP/DUES/SUBS 123830 123830 304636 295551 8950 135 39303786 27231216 10144161 1928409 1118728 2871498 3848291 7726015 45179353 55947309 29701 101126 305842 451895 492082 155311734 46656124 103094646 108655610 59678147 43316967 169803571 183460342 1827869 1801999 385338043 404372948 2294838 876706 196297 219867 2129726 1469100 4620861 2565673 X 132401509 133923785 248315673 267883490 380717182 401807275 385338043 404372948 X 8314446 12822819 -47172 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 60000 60000 0 PART II-B, LINE 1: THE INSTITUTE ENGAGED WITH A LOBBYING CONSULTANT TO ASSIST IN SECURING STATEWIDE AND PHILADELPHIA LOCAL SHARE ACCOUNT GRANTS AND TO ACT AS A LIAISON WITH CITY AND STATE ELECTED OFFICIALS. 730413 11479874 0 0 X X X MUSIC EDUCATION 0 227864158 2631443 22779618 24103422 229171797 205353019 7558731 30007074 15054666 227864158 222507085 13002864 -3412944 26743986 205353019 253529786 2192235 -23456207 9758729 222507085 179077026 12665310 69878981 8091531 253529786 0.12100 0.69652 0.18249 0 0 13848261 13848261 102126692 33815170 68311522 27721888 12840954 14880934 11614893 11614893 108655610 COMMODITY FUNDS 624721 F COMMINGLED FUNDS 125097456 F HEDGE FUNDS 41104515 F REAL ESTATE FUNDS 4036640 F PRIVATE EQUITY FUNDS 12597010 F 183460342 DEFERRED COMPENSATION 349140 SPLIT-INTEREST LIABILITIES 923547 LEASE LIABILITIES 196413 1469100 X 59509834 12822819 23650 -47172 12799297 46710537 1248613 -340918 907695 47618232 38419741 23650 340918 364568 38055173 1248613 1248613 39303786 PART III, LINE 4: THE INSTITUTE'S COLLECTIONS CONSIST OF FINE ART AND FINE MUSICAL INSTRUMENTS WHICH ARE USED FOR PUBLIC EXHIBITION AND THE MUSICAL EDUCATION OF ITS STUDENTS. PART V, LINE 4: ENDOWMENT EARNINGS FUND THE INSTITUTE'S OPERATIONS AND ENABLE THE SCHOOL TO CONTINUE THE POLICY OF AWARDING MERIT-BASED FULL TUITION SCHOLARSHIPS TO STUDENTS. USE OF ENDOWMENT FUNDS ARE DETERMINED BY DONOR RESTRICTION IF PRESENT. PART X, LINE 2: THE INSTITUTE IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. TAX FILINGS ARE SUBJECT TO AUDIT BY VARIOUS TAXING AUTHORITIES. OPEN PERIODS SUBJECT TO AUDIT ARE GENERALLY THE PREVIOUS THREE YEARS OF TAX RETURNS FILED. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRES MANAGEMENT TO EVALUATE THE TAX POSITIONS TAKEN BY THE INSTITUTE AND RECOGNIZE A TAX LIABILITY IF THE INSTITUTE HAS TAKEN AN UNCERTAIN TAX POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE RELEVANT TAXING AUTHORITY. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE INSTITUTE, AND HAS CONCLUDED THAT AS OF MAY 31, 2025 AND 2024, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR ASSET OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE INSTITUTE IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN SPLIT-INTEREST AGREEMENTS -47,172. PART XI, LINE 4B - OTHER ADJUSTMENTS: ADMINISTRATIVE FEE 42,000. DIRECT FUNDRAISING EVENT EXPENSES -186,741. DIRECT RENTAL EXPENSES -196,177. PART XII, LINE 2D - OTHER ADJUSTMENTS: ADMINISTRATIVE FEE -42,000. DIRECT FUNDRAISING EVENT EXPENSES 186,741. DIRECT RENTAL EXPENSES 196,177. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE INSTITUTE'S NONDISCRIMINATORY POLICY IS POSTED ON THE HOMEPAGE OF ITS WEBSITE. SCHEDULE E, PART I, LINE 1: OVERSIGHT, INCLUDING POLICIES AND PROCEDURES, OVER BOTH CURRICULAR AND NON-CURRICULAR ASPECTS OF STUDENT LIFE IS DELEGATED TO THE EDUCATION AND STUDENT LIFE COMMITTEE OF THE BOARD OF TRUSTEES. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS N/A 88883169 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 INVESTMENTS N/A 375257 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 INVESTMENTS N/A 6202347 0 0 0 0 0 0 95460773 0 95460773 1 0 1 1 1 0 PART I, LINE 3: INVESTMENTS ARE REPORTED AT FAIR MARKET VALUE AND THE ACCOUNTING METHOD USED IS THE ACCRUAL BASIS, CONSISTENT WITH FINANCIAL STATEMENT REPORTING. FORM 990, SCHEDULE F, PART IV: FORM 926 AND FORM 5471 ARE ATTACHED TO THE ORGANIZATION'S 2024 FORM 990-T. THE ORGANIZATION'S ACTIVITY IN PASSIVE FOREIGN INVESTMENT COMPANIES DURING FY25 DOES NOT REQUIRE FILING OF FORM 8621. THE ORGANIZATION'S ACTIVITY AND OWNERSHIP IN FOREIGN PARTNERSHIPS DURING FY25 DOES NOT REQUIRE FILING OF FORM 8865. X X X X X X X 1 LISA ROBINSON 6 BRUNING RD EAST BRUNSWICK NJ 08816 DEVELOPMENT WRITER 0 0 9300 0 SHERRYL FISHER 5575 HUNTERS FOREST LN ATLANTA GA 30349 PROSPECT RESEARCHER 0 0 25680 0 RB CASHION LLC 291 UNION ST 3A BROOKLYN NY 11231 FUNDRAISING CONSULTANT 0 0 28000 0 62980 AL AK AZ AR CA CO CT DE DC FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA PR RI SC SD TN TX UT VT VA WA WV WI WY CENTENNIAL GALA 979683 879233 100450 20098 102224 38382 26037 979683 879233 100450 20098 102224 38382 26037 186741 -86291 1 STUDENT AID AND AWARDS 165 1519216 FELLOWSHIPS 7 341419 GRANTS MADE TO ALUMNI 19 104800 PART I, LINE 2: STUDENT AID AND AWARDS: STUDENT AID AND AWARDS ARE APPLIED DIRECTLY TO STUDENT ACCOUNTS TO COVER DORM ROOMS, MEAL PLANS, AND HEALTH INSURANCE. OFF-CAMPUS STUDENTS ALSO RECEIVE MONTHLY CHECKS PAID DIRECTLY TO COVER LIVING EXPENSES. IT SHALL BE THE POLICY OF THE CURTIS INSTITUTE OF MUSIC THAT NO PROSPECTIVE STUDENT WHO HAS BEEN ACCEPTED FOR STUDY WILL BE UNABLE TO ATTEND BECAUSE OF FINANCIAL NEED. SIMILARLY, IT SHALL ALSO BE THE POLICY OF CURTIS THAT NO CURRENTLY ENROLLED STUDENT WOULD HAVE TO LEAVE SCHOOL BECAUSE OF UNMET FINANCIAL NEED. IN PRACTICE, THIS SHALL MEAN THAT CURTIS WILL DETERMINE WHAT IS A REALISTIC LEVEL OF FINANCIAL NEED BASED UPON THEN-PREVAILING COSTS FOR LIVING EXPENSES IN PHILADELPHIA AND THE EXPERIENCE OF OTHER CURTIS STUDENTS. (IT IS OF COURSE POSSIBLE THAT SOME PROSPECTIVE OR CURRENTLY ENROLLED STUDENTS MAY CHOOSE NOT TO ACCEPT THE PROFFERED PACKAGE OF FINANCIAL AID FOR A VARIETY OF REASONS). IN FULFILLMENT OF THE ABOVE COMMITMENT, CURTIS SHALL REVIEW EACH STUDENT'S REQUEST FOR FINANCIAL AID. WHERE APPROPRIATE AND NECESSARY, CURTIS MAY MAKE ADJUSTMENTS TO THE STATED LEVEL OF NEED (TO CORRESPOND WITH ACTUAL LIVING EXPENSES IN PHILADELPHIA AND WITH THE EXPERIENCE OF OTHER CURTIS STUDENTS) AND/OR THE REQUESTED LEVEL OF ASSISTANCE AS DETERMINED BY THE CSS PROFILE. THEREAFTER, CURTIS WILL BE PREPARED TO MAKE AVAILABLE A FINANCIAL AID PACKAGE THAT IS FULLY RESPONSIVE TO THE ADJUSTED LEVEL OF FINANCIAL NEED. BASED UPON EXPERIENCE, HOWEVER, INITIAL FINANCIAL AID AWARDS TO BOTH PROSPECTIVE AND CONTINUING STUDENTS SHALL BE TARGETED AT APPROXIMATELY 80% OF THE ADJUSTED LEVEL OF NEED, WITH THE EXPLICIT INVITATION FOR AID RECIPIENTS TO REAPPLY FOR FURTHER FINANCIAL AID SHOULD THAT PROVE NECESSARY. STUDENTS MAY REAPPLY FOR FINANCIAL AID AT ANY TIME DURING THE COURSE OF THE ACADEMIC YEAR. WHEN DECIDING UPON A FINANCIAL AID PACKAGE, CURTIS SHALL EXPECT ALL STUDENTS TO FIRST TAKE FULL ADVANTAGE OF SOURCES OF FINANCIAL ASSISTANCE OTHER THAN THE CURTIS INSTITUTE OF MUSIC. ONLY AFTER ASSURANCE THAT ALL OTHER SOURCES HAVE BEEN FULLY EXPLORED AND UTILIZED, WILL CURTIS'S OWN FINANCIAL AID RESOURCES BE INCORPORATED INTO THE FINANCIAL AID PACKAGE. (THE MIX BETWEEN OUTSIDE SOURCES OF FINANCIAL AID, CURTIS'S OWN RESOURCES, AND OUTSIDE EMPLOYMENT MAY VARY FROM STUDENT TO STUDENT, REFLECTING UNIQUE CIRCUMSTANCES APPLICABLE TO EACH STUDENT.) STUDENTS CAN WORK ON-CAMPUS EMPLOYMENT UP TO TWENTY (20) HOURS PER WEEK TO HELP WITH THEIR LIVING EXPENSES. THESE FINANCIAL AID POLICIES OF THE CURTIS INSTITUTE OF MUSIC SHALL BE REVIEWED PERIODICALLY WITH MEMBERS OF THE FACULTY AND MEMBERS OF THE STUDENT BODY BOTH TO SOLICIT OPINIONS AND SUGGESTIONS AS WELL AS FOR INFORMATION DISSEMINATION PURPOSES. FELLOWSHIPS: FELLOWSHIPS ARE AWARDED IN TWO AREAS - CONDUCTING AND STRING QUARTET. ADMISSIONS ARE BASED ON ARTISTIC PROMISE ALONE. AUDITION DATES, REPERTOIRE, AND PRESCREENING REQUIREMENTS VARY BY DEPARTMENT. DATES ARE SCHEDULED BASED ON THE FACULTY'S AVAILABILITY. AWARDS ARE APPLIED DIRECTLY TO STUDENT ACCOUNTS. CURTIS'S CONDUCTING FELLOWS PROGRAM PROVIDES A UNIQUE OPPORTUNITY FOR YOUNG CONDUCTORS AT A CRUCIAL TIME IN THEIR DEVELOPMENT. IN KEEPING WITH CURTIS'S CHARACTERISTIC "LEARN BY DOING" APPROACH, CONDUCTING FELLOWS GAIN VALUABLE EXPERIENCE THROUGH OPPORTUNITIES TO LEAD REHEARSALS AND PERFORMANCES OF THE CURTIS SYMPHONY ORCHESTRA, CURTIS CHAMBER ORCHESTRA, CURTIS NEW MUSIC ENSEMBLE, AND CURTIS OPERA THEATRE. THE RITA E. HAUSER CONDUCTING FELLOWS ARE MENTORED BY YANNICK NEZET-SEGUIN, MUSIC DIRECTOR OF THE PHILADELPHIA ORCHESTRA. THEY ASSIST VISITING CONDUCTORS AT CURTIS AND HAVE ACCESS TO CURTIS'S PERFORMANCE AND MUSICAL STUDIES FACULTIES. THEY ALSO HAVE THE OPPORTUNITY TO WORK WITH LEADING CONDUCTORS, BOTH AT CURTIS AND THROUGH RESIDENCIES WITH PROFESSIONAL ORCHESTRAS. TO BE ADMITTED, CONDUCTING FELLOWS MUST BE AT A LEVEL WHERE THEY ARE PREPARED TO LEAD THE ABOVE ENSEMBLES THROUGH THE REHEARSAL PROCESS AND IN PERFORMANCE. THE NINA VON MALTZAHN STRING QUARTET PROGRAM IS OPEN TO YOUNG QUARTETS OF EXTRAORDINARY PROMISE, FORMED FOR AT LEAST ONE YEAR AT THE TIME OF THEIR AUDITION. CLOSELY MENTORED BY PENELOPE P. WATKINS ENSEMBLE IN RESIDENCE, THE ENSEMBLE PERFORMS TWO RECITALS ANNUALLY AND MASTERCLASSES FOR GUEST QUARTETS AND OTHER VISITING ARTISTS. QUARTET MEMBERS PARTICIPATE IN CONCERTS OF CONTEMPORARY MUSIC WITH CURTIS'S NEW MUSIC ENSEMBLE AND PERFORM IN LOCATIONS AROUND THE GLOBE WITH CURTIS ON TOUR. THE QUARTET ALSO PARTICIPATES IN CURTIS'S COMMUNITY ARTISTS PROGRAM, DESIGNING AND IMPLEMENTING A UNIQUE PERFORMANCE PROJECT THAT COMBINES ARTISTRY WITH INVENTION, LEADERSHIP WITH ADVOCACY, AND CITIZENSHIP WITH COMMUNITY. AS MENTORING IS AN IMPORTANT DIMENSION OF THE QUARTET PROGRAM, QUARTET MEMBERS COACH AND PERFORM WITH STUDENTS WHO ARE PART OF THE YOUNG ARTISTS INITIATIVE (THOSE OF HIGH SCHOOL AGE AND YOUNGER). GRANTS MADE TO ALUMNI: GRANTS ARE PROVIDED TO RECENT GRADUATES OF CURTIS - THOSE WHO COMPLETED THEIR STUDIES IN THE LAST TEN YEARS - WITH FINANCIAL AWARDS TO REMOVE BARRIERS TO THEIR SUCCESS AS EMERGING PERFORMERS AND ADVANCE THEIR PERSONAL ARTISTIC VISIONS. GRANTEES ARE SELECTED FROM APPLICANTS THROUGH A COMPETITIVE REVIEW PROCESS, AND PROPOSALS ARE EVALUATED CLOSELY BY AN ANONYMOUS PANEL OF CURTIS ALUMNI. FUNDING IS DISTRIBUTED BASED ON THE OVERALL STRENGTH OF A PROPOSAL, EXPRESSED IMPACT THE FUNDING MIGHT HAVE ON THE RECIPIENT'S OR PROJECT'S SUCCESS, AND THE PERCEIVED POTENTIAL FOR THE APPLICANT TO MEET MILESTONES. GRANTEES ALSO HAVE ACCESS TO PROFESSIONAL GUIDANCE AND SUPPORT IN ACHIEVING THE PROPOSAL'S GOALS. X 1 1 X X X X X 1 1 0 0 0 0 0 0 0 ROBERTO DIAZ PRESIDENT/TRUSTEE 738414 0 0 0 23000 0 37696 0 30198 0 829308 0 0 0 LAWRENCE BOMBACK TREASURER, SR VP OF ADMIN TO 6/24 173116 0 0 0 161002 0 12302 0 9031 0 355451 0 0 0 VINCENT FORD SR VP DIGITAL STRATEGY & INNOVATION 273233 0 0 0 0 0 20754 0 12103 0 306090 0 0 0 NICHOLAS A DIBERARDINO TRUSTEE/PROVOST, DEAN 243288 0 0 0 0 0 18333 0 22986 0 284607 0 0 0 PAUL BRYAN DIR. OF ASSESSMENT AND ACCREDITATION 218137 0 0 0 0 0 10920 0 28799 0 257856 0 0 0 PAMELA FRANK FACULTY MEMBER 195288 0 0 0 0 0 26440 0 21750 0 243478 0 0 0 KIMBERLY GOULD VICE PRESIDENT, PEOPLE AND CULTURE 212704 0 0 0 0 0 16555 0 7633 0 236892 0 0 0 IDA KAVAFIAN FACULTY MEMBER 166832 0 0 0 12503 0 25070 0 17289 0 221694 0 0 0 MICHAEL ANDREW LANE VP TOURING AND ARTIST MANAGEMENT 175893 0 0 0 0 0 13397 0 9589 0 198879 0 0 0 MARCELLA GENEROSE MANAGING DIRECTOR OF DEVELOPMENT 166435 0 0 0 0 0 12854 0 9073 0 188362 0 0 0 PATRICIA K JOHNSON VP COMMUNICATIONS & PUBLIC AFFAIRS 158393 0 0 0 0 0 11997 0 11738 0 182128 0 0 0 STEPHEN L CASCIANO SR DIR FACILITIES AND CAMPUS SAFETY 159188 0 0 0 0 0 7735 0 662 0 167585 0 0 0 PART I, LINE 1A A HOUSING ALLOWANCE WAS PROVIDED FOR IDA KAVAFIAN AS PART OF HER COMPENSATION PACKAGE. THIS AMOUNT IS INCLUDED IN TAXABLE INCOME. PART I, LINES 4A-B LAWRENCE BOMBACK RECEIVED A PAYMENT UPON MUTUAL SEPARATION IN THE AMOUNT OF $161,002, WHICH IS INCLUDED SCHEDULE J, PART II, COLUMN (B)(III). ROBERTO DIAZ PARTICIPATES IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. UNDER THIS PLAN, CONTRIBUTIONS BECAME VESTED ON MAY 31, 2025. PAYMENT OF PLAN BENEFITS TO THE PARTICIPANT WERE MADE ON MAY 31, 2025, AND NOVEMBER 15, 2025. VESTED PLAN AMOUNTS WILL BE REPORTED ON THE PARTICIPANT'S 2025 FORM W-2 AND ON NEXT YEAR'S FORM 990. X 5300 FAIR MARKET VALUE X 13 4312421 FAIR MARKET VALUE X MUSICAL INSTRUMENTS 4 730413 FAIR MARKET VALUE 3 0 1 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTORS IS REPORTED. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE MAY ACT WITH THE AUTHORITY OF THE BOARD OF TRUSTEES IN THE MANAGEMENT OF THE BUSINESS OF THE CORPORATION BETWEEN MEETINGS OF THE BOARD OF TRUSTEES, EXCEPT IT DOES NOT HAVE THE POWER TO DO THE FOLLOWING: ADD OR REMOVE TRUSTEES; ADOPT, AMEND, OR REPEAL THE CORPORATION'S BYLAWS; AMEND OR REPEAL ACTIVE RESOLUTIONS OF THE BOARD OF TRUSTEES; TAKE ACTION ON MATTERS COMMITTED EXCLUSIVELY TO ANOTHER COMMITTEE OF THE BOARD; TAKE ACTION ON ANY MATTER OR REAL PROPERTY; APPROVE THE CORPORATION'S ANNUAL OPERATING AND/OR CAPITAL BUDGETS. ONLY MEMBERS OF THE BOARD OF TRUSTEES ARE PERMITTED TO SERVE ON THIS COMMITTEE. FORM 990, PART VI, SECTION A, LINE 2 VINCENT FORD, KEY EMPLOYEE, AND MICHAEL ANDREW LANE, KEY EMPLOYEE, HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND PRESENTED TO THE AUDIT COMMITTEE BY MANAGEMENT. AFTER APPROVAL BY THE AUDIT COMMITTEE, THE FORM 990 (WITHOUT SCHEDULE B - SCHEDULE OF CONTRIBUTORS) IS PROVIDED TO THE FULL BOARD FOR REVIEW PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, CURTIS INSTITUTE OF MUSIC BOARD MEMBERS ARE ASKED TO REVIEW THEIR CONFLICTS OF INTEREST AND DISCLOSE ANY NEW CONFLICTS OR POTENTIAL CONFLICTS. CONFLICTS ARE SUBMITTED TO THE CHAIR OF THE GOVERNANCE COMMITTEE FOR REVIEW AND DISCUSSION WITH THE GOVERNANCE COMMITTEE. THE COMMITTEE DECIDES IF EACH DISCLOSED POTENTIAL CONFLICT 1) REPRESENTS A REAL CONFLICT, 2) IF A CONFLICT EXISTS, IS IT PERMISSIBLE OR IMPERMISSIBLE. ALL POTENTIAL AND REAL CONFLICTS (PERMISSIBLE AND IMPERMISSIBLE) ARE REPORTED TO THE BOARD OF TRUSTEES WITH A REPORT OF ANY COMMITTEE-LEVEL DISCUSSION SURROUNDING SAID CONFLICTS. FOR PERMISSIBLE CONFLICTS, THE BOARD IS TASKED WITH APPROVING REMEDIES. OFFICERS AND KEY EMPLOYEES MUST DISCLOSE ACTUAL OR POTENTIAL CONFLICTS BY COMPLETING A CONFLICT OF INTEREST STATEMENT AND DISCLOSURE FORM WHEN COMMENCING SERVICE FOR CURTIS, ON AN ANNUAL BASIS THEREAFTER, AND AS ANY NEW ACTIVITIES OR RELATIONSHIPS ARISE. AN OFFICER OR KEY EMPLOYEE WHO DISCOVERS THAT HE/SHE HAS AN ACTUAL OR POTENTIAL CONFLICT SHALL DISCLOSE THE CONFLICT IMMEDIATELY TO THE SENIOR VICE PRESIDENT OF ADMINISTRATION, AND SHALL ABSTAIN FROM DISCUSSIONS RELATED TO TRANSACTIONS OR ARRANGEMENTS THAT INVOLVE, OR MAY INVOLVE, THE ACTUAL OR POTENTIAL CONFLICT UNTIL A DETERMINATION CAN BE MADE BY THE PRESIDENT AND CEO AS TO WHETHER THE CONFLICT IS SERIOUS ENOUGH TO WARRANT ACTION; OR IF IT IS DETERMINED THAT NO CONFLICT EXISTS. FORM 990, PART VI, SECTION B, LINE 15A FORM 990, PART VI, SECTION B, LINE 15B: THE BOARD OF TRUSTEES HAS ESTABLISHED A HUMAN RESOURCES COMMITTEE OF INDEPENDENT TRUSTEES THAT HAVE NO PERSONAL INTEREST IN THE PROPOSED COMPENSATION ARRANGEMENTS. THE COMMITTEE REVIEWS THE PROPOSED GROSS COMPENSATION FOR ALL EMPLOYEES, INCLUDING KEY EMPLOYEES AND EXCLUDING THE PRESIDENT AND CEO, DURING THE PREPARATION OF THE ORGANIZATION'S ANNUAL BUDGET. WHEN KEY EMPLOYEES ARE HIRED, THEIR COMPENSATION IS DETERMINED BASED ON MARKET DATA AS PROVIDED BY THE SEARCH FIRMS CONNECTED WITH THE JOB PLACEMENT. AN EXECUTIVE COMMITTEE COMPRISED OF INDEPENDENT TRUSTEES THAT HAVE NO PERSONAL INTEREST IN THE PROPOSED COMPENSATION ARRANGEMENTS REVIEWS AND RECOMMENDS A COMPENSATION PACKAGE FOR THE PRESIDENT AND CEO, WHICH IS SUBJECT TO APPROVAL OF THE FULL BOARD. THE PROPOSED COMPENSATION IS DETERMINED ALONG WITH COLLECTED PEER SCHOOL DATA AND CONSULTANT-PROVIDED COMPARABLE SALARIES. THE ORGANIZATION ALSO HAS A FULL-TIME HUMAN RESOURCES DEPARTMENT AND BUSINESS OFFICE THAT SUPPORTS THIS FUNCTION AND USES COMPENSATION DATA AS A MEMBER OF THE NATIONAL ASSOCIATION OF COLLEGE AND UNIVERSITY BUSINESS OFFICES. DELIBERATIONS AND DECISIONS REGARDING COMPENSATION ARE TIMELY DOCUMENTED. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2025. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS OF THE INSTITUTE ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VIII, LINE 1H, COLUMN (A) THE AMOUNT OF CONTRIBUTIONS REPORTED ON FORM 990, PART VIII, LINE 1H, COLUMN (A) IS LESS THAN THE TOTAL CONTRIBUTIONS REPORTED ON SCHEDULE B DUE TO DISCOUNTS AND WRITE-OFFS NETTED AGAINST CONTRIBUTION REVENUE DURING THE TAX YEAR. FORM 990, PART XI, LINE 9: CHANGE IN SPLIT-INTEREST AGREEMENTS -47,172. MARY LOUISE CURTIS BOK FOUNDATION 1726 LOCUST STREET PHILADELPHIA PA 19103 236000615 SUPPORTING ORGANIZATION PA 501(C)(3) LINE 12D, III-O N/A 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0