CURTIS INSTITUTE OF MUSIC Charity Report

Public IRS 990 nonprofit record

CURTIS INSTITUTE OF MUSIC

EIN 23-1585611 · Arts, Culture & Humanities (A6E0)

What they do

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.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $69.30 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders44 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

57.19%of revenue went to mission work69.3% of expenses · Program services

4.05%of revenue went to fundraising4.9% of expenses

$82.54spent for every $100 of revenueRevenue covered expenses this year.

21.30%of revenue went to management and office costs25.8% of expenses

$10.29in assets for every $1 spent this yearSome assets cannot be spent right away.

61.9%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $829,308 for ROBERTO DIAZ (PRESIDENT/TRUSTEE). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$47,618,232

Mission workProgram services$27,231,21657.19% of revenue69.3% of expenses

ManagementOffice and general costs$10,144,16121.30% of revenue25.8% of expenses

FundraisingAsking for donations$1,928,4094.05% of revenue4.9% of expenses

Revenue left after expensesReported annual surplus$8,314,44617.46% of revenueShown in gray on the chart

Total expenses$39,303,78682.54% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 69.3% mission · 25.8% management · 4.9% fundraisingTotal expenses: 82.54% of revenue

2023Expense mix: 68.4% mission · 25.9% management · 5.7% fundraisingTotal expenses: 134.53% of revenue

2022Expense mix: 70.0% mission · 24.0% management · 6.0% fundraisingTotal expenses: 70.95% of revenue

2021Expense mix: 69.5% mission · 25.7% management · 4.8% fundraisingTotal expenses: 39.54% of revenue

2020Expense mix: 66.3% mission · 27.9% management · 5.7% fundraisingTotal expenses: 47.71% of revenue

2019Expense mix: 68.8% mission · 24.9% management · 6.3% fundraisingTotal expenses: 101.62% of revenue

2018Expense mix: 70.5% mission · 21.6% management · 7.8% fundraisingTotal expenses: 100.90% of revenue

2017Expense mix: 68.2% mission · 21.9% management · 9.8% fundraisingTotal expenses: 81.65% of revenue

Money in and money out

Revenue$47,618,232

Expenses$39,303,786

Annual surplus $8,314,446 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$27,231,216 · 69.3% of expenses

Management and office costs$10,144,161 · 25.8% of expenses

Fundraising$1,928,409 · 4.9% of expenses

See all reported dollar amounts

Revenue$47,618,232

Expenses$39,303,786

Assets$404,372,948

Income$120,350,458

Contributions$29,465,642

Mission work (program services)$27,231,216

Fundraising$1,928,409

Management and general$10,144,161

Stocks and bonds$43,316,967

Accounting fees$53,339

Investing fees$1,248,613

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

ROBERTO DIAZPRESIDENT/TRUSTEE · 38 hrs/week $829,308Base $761,414 · Other $67,894

LAWRENCE BOMBACKTREASURER, SR VP OF ADMIN TO 6/24 · 38 hrs/week $355,451Base $334,118 · Other $21,333

VINCENT FORDSR VP DIGITAL STRATEGY & INNOVATION · 38 hrs/week $306,090Base $273,233 · Other $32,857

NICHOLAS A DIBERARDINOTRUSTEE/PROVOST, DEAN · 38 hrs/week $284,607Base $243,288 · Other $41,319

PAUL BRYANDIR. OF ASSESSMENT AND ACCREDITATION · 38 hrs/week $257,856Base $218,137 · Other $39,719

PAMELA FRANKFACULTY MEMBER · 12 hrs/week $243,478Base $195,288 · Other $48,190

KIMBERLY GOULDVICE PRESIDENT, PEOPLE AND CULTURE · 38 hrs/week $236,892Base $212,704 · Other $24,188

IDA KAVAFIANFACULTY MEMBER · 12 hrs/week $221,694Base $179,335 · Other $42,359

MICHAEL ANDREW LANEVP TOURING AND ARTIST MANAGEMENT · 38 hrs/week $198,879Base $175,893 · Other $22,986

MARCELLA GENEROSEMANAGING DIRECTOR OF DEVELOPMENT · 38 hrs/week $188,362Base $166,435 · Other $21,927

PATRICIA K JOHNSONVP COMMUNICATIONS & PUBLIC AFFAIRS · 38 hrs/week $182,128Base $158,393 · Other $23,735

STEPHEN L CASCIANOSR DIR FACILITIES AND CAMPUS SAFETY · 38 hrs/week $167,585Base $159,188 · Other $8,397

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (44)

ROBERTO DIAZPRESIDENT/TRUSTEE

LAWRENCE BOMBACKTREASURER, SR VP OF ADMIN TO 6/24

VINCENT FORDSR VP DIGITAL STRATEGY & INNOVATION

NICHOLAS A DIBERARDINOTRUSTEE/PROVOST, DEAN

PAUL BRYANDIR. OF ASSESSMENT AND ACCREDITATION

PAMELA FRANKFACULTY MEMBER

KIMBERLY GOULDVICE PRESIDENT, PEOPLE AND CULTURE

IDA KAVAFIANFACULTY MEMBER

MICHAEL ANDREW LANEVP TOURING AND ARTIST MANAGEMENT

MARCELLA GENEROSEMANAGING DIRECTOR OF DEVELOPMENT

PATRICIA K JOHNSONVP COMMUNICATIONS & PUBLIC AFFAIRS

STEPHEN L CASCIANOSR DIR FACILITIES AND CAMPUS SAFETY

MARY CLAIRE SULLIVANSECRETARY

AMY YANGTRUSTEE/FACULTY MEMBER

ERIN KEEFETRUSTEE/FACULTY MEMBER

PENELOPE P WATKINSTRUSTEE

ROBERT H MUNDHEIMTRUSTEE

ROBERT H ROCKTRUSTEE

NADIA ZERHOUNITRUSTEE

VICTORIA BOKVICE CHAIR/TRUSTEE

WILLIAM BRODYTRUSTEE

MIGNON GROCHTRUSTEE

WILLIAM HORNTRUSTEE

YUEN SUNG LIUTRUSTEE

LOUIS BARBARINTRUSTEE

GORDON FOWLERTRUSTEE

ANDREW JACOBSTREASURER/TRUSTEE

ANTHONY B CREAMER IIITRUSTEE

BRIAN JANDRUCKOTRUSTEE

C RICHARD NEUTRUSTEE

CHIONA XANTHOPOULOU-SCHWARZTRUSTEE

CONNIE B MCCANNTRUSTEE

DEBORAH M FRETZCHAIR/TRUSTEE

EDWARD A MONTGOMERY JRVICE CHAIR/TRUSTEE

FRANK J MECHURATRUSTEE

MARSHA HUNTERTRUSTEE

JAY TOLSONTRUSTEE

JERRY WINDTRUSTEE

JOHN H MCFADDENTRUSTEE

JOHN J MEDVECKISTRUSTEE

JUDITH FREYERTRUSTEE

LINDA E JOHNSONTRUSTEE

LISA LIEMTRUSTEE

MARK E RUBENSTEINTRUSTEE

About this charity

Recognized since: January 1924
Location: 1726 LOCUST ST, PHILADELPHIA, PA 19103-6107
County: Philadelphia
In care of: ROBERTO DIAZ
Primary officer: ROBERTO DIAZ, PRESIDENT

How to reach them

WebsiteVisit the charity’s website Phone(215) 893-5252

Filing and classification

Latest tax year: 2024
Tax period began: June 1, 2024
Return type: 990
Tax preparer: CLIFTONLARSONALLEN LLP
NTEE classification: Arts, Culture & Humanities (A6E0)