Juilliard School
- Assets
- $1.6b
- Revenue
- $181.6m
- Investments
- $1.3b
- Employees
- 2,302
- Location
- New York, NY
- Founding
- 12/1934
- Data as of
- 06/2021
- EIN
- 13-1624067
Organization Overview
Juilliard School is located in New York, NY. The organization was established in 1934. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2022, Juilliard School employed 2,302 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Juilliard School 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 06/2021, Juilliard School generated $181.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.5%) each year. All expenses for the organization totaled $153.8m during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE THE HIGHEST CALIBER OF ARTISTIC EDUCATION (SEE SCHEDULE O)FOR GIFTED MUSICIANS, DANCERS, AND ACTORS FROM AROUND THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
JUILLIARD'S PRIMARY PROGRAM SERVICE ACCOMPLISHMENT IS PROVIDING INSTRUCTION IN MUSIC, DANCE, AND DRAMA TO APPROXIMATELY 1,200 STUDENTS IN ITS COLLEGE AND PRE-COLLEGE PROGRAMS. THE EXPENSES ASSOCIATED WITH PROVIDED INSTRUCTION INCLUDE COMPENSATION (SALARIES AND EMPLOYMENT BENEFITS) RELATING TO THE EDUCATIONAL FUNCTION OF THE SCHOOL, OCCUPANCY COSTS ALLOCABLE TO INSTRUCTION, TEACHING MATERIALS AND SERVICES, AND INSTRUMENT MAINTENANCE AND REPAIR.
PROVIDING FINANCIAL ASSISTANCE TO STUDENTS IS A HIGH PRIORITY OF THE SCHOOL, SO THAT FINANCIAL CIRCUMSTANCES WILL NOT BE A BARRIER TO ENTRY FOR ITS TALENTED MUSICIANS, ACTORS, AND DANCERS. STUDENT ASSISTANCE INCLUDES SCHOLARSHIPS, FELLOWSHIPS, PRIZES, CERTAIN GRANTS, AND FEDERAL AID GRANTS RECEIVED AND DISTRIBUTED TO ELIGIBLE STUDENTS. APPROXIMATELY 89% OF THE COLLEGE POPULATION OF THE SCHOOL (877 STUDENTS IN TOTAL) RECEIVED STUDENT ASSISTANCE DURING 2021-2022.
DURING 2021-2022 THE SCHOOL SUPPORTED ITS MISSION OF HIGHER EDUCATION THROUGH PROGRAM SERVICES INDIRECTLY RELATED TO THE EDUCATION OF TALENTED MUSICIANS, ACTORS AND DANCERS. SUCH INDIRECT PROGRAM SERVICES INCLUDE SUPPORT OF STUDENT ACTIVITIES AND PROGRAMMING, AUXILIARY SERVICES SUCH AS THE JUILLIARD STORE AND THE STUDENT RESIDENCE HALL, AND EMPLOYEE BENEFIT COSTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Damian Woetzel President | OfficerTrustee | 50 | $832,702 |
Bruce Kovner Chairman | OfficerTrustee | 3 | $0 |
J Christopher Kojima Vice Chairman | OfficerTrustee | 2 | $0 |
Joshua Black Trustee | Trustee | 1 | $0 |
Rondi Charleston Trustee (as Of 10/2021) | Trustee | 1 | $0 |
Julie Choi Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Yorke Construction Corporation Construction | 6/29/22 | $4,017,190 |
Investure Advisory Fees Investment Management | 6/29/22 | $3,270,279 |
Huron Consulting Group Inc Consulting | 6/29/22 | $3,249,019 |
Lion Enterprises Of New York Llc Construction | 6/29/22 | $920,860 |
Western Waterproofing Company Construction | 6/29/22 | $1,218,966 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $48,891,519 |
| Investment income | $1,260,129 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $68,809,339 |
| Net Income from Fundraising Events | -$100,156 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $206,375 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $181,578,100 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $31,221,322 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $4,129,436 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $49,541,876 |
| Pension plan accruals and contributions | $3,234,834 |
| Other employee benefits | $6,387,582 |
| Payroll taxes | $3,871,179 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,106,659 |
| Fees for services: Accounting | $181,598 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,564,735 |
| Fees for services: Other | $2,253,026 |
| Advertising and promotion | $958,718 |
| Office expenses | $1,196,205 |
| Information technology | $2,146,278 |
| Royalties | $0 |
| Occupancy | $7,787,866 |
| Travel | $187,178 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,741 |
| Interest | $8,358,383 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,191,918 |
| Insurance | $2,166,276 |
| All other expenses | $0 |
| Total functional expenses | $153,773,554 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,753,997 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $25,255,476 |
| Accounts receivable, net | $14,052,038 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $412,123 |
| Inventories for sale or use | $1,157,899 |
| Prepaid expenses and deferred charges | $9,866,031 |
| Investments—publicly traded securities | $153,710,052 |
| Investments—other securities | $1,253,880,053 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,596,335 |
| Total assets | $1,626,062,472 |
| Accounts payable and accrued expenses | $24,501,133 |
| Grants payable | $0 |
| Deferred revenue | $1,246,948 |
| Tax-exempt bond liabilities | $193,693,715 |
| 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 | $60,885,376 |
| Total liabilities | $280,327,172 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $1,345,735,300 |