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Curtis Institute of Music

Public charity990-T FY2023
Other · PHILADELPHIA, PA · EIN 23-1585611

About

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 music. (continued on schedule o.)the institute is a tuition-free music conservatory that is supported primarily by endowment and annual giving.

Donations are tax-deductible
Category
Other
Employees
354
Volunteers
250

Financial Snapshot

FY ending 2024-05-31
Revenue
$24.9M
Expenses
$33.5M
Assets
$385.3M
Liabilities
$4.6M

Financial history

$69.1M$34.6M$0
161718192021222324
RevenueExpenses
Latest FY2024: $24.9M · Peak FY2016: $69.1M · Avg: $43.1M

Foreign activity (Schedule F)

Total spent abroad$86.8M
Foreign employees0
Foreign offices0
Foreign partnership interestYes
Foreign trust interestNo
RegionActivitySpent
CENTRAL AMERICA AND THE CARIBBEAN
EUROPE (INCLUDING ICELAND & GREENLAND)
EAST ASIA AND THE PACIFIC
SUB-SAHARAN AFRICA

501(h) election

This 501(c)(3) has NOT elected 501(h) — lobbying is permitted but limited under the vaguer "no substantial part of activities" test.

Political & Grant Activity

Campaign Spending
Lobbying
$87K
Grants Given
$1.7M
CURTIS INSTITUTE OF MUSIC
Your actions

Address

1726 Locust ST
Philadelphia, PA, 19103-610

Governance

Voting board members33
Independent members29
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardNo

Compensation practices

Severance paymentsNo
Equity-based compNo
Supplemental retirement planYes
Compensation committeeYes
Used comp surveyYes
Board approved compYes
Initial contract exceptionNo

Financial detail (Schedule D)

Board-designated %15.9%
Permanent endowment %69.2%
Endowment held by related orgNo

Fundraising activity (Schedule G)

Uses professional fundraisersYes
Retained by contractors$135K
ChannelsMail · Phone · Email · In-person · Grant solicitation
Public records
ProPublica Nonprofit Explorer
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IRS Tax Exempt Organization Search
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