Juilliard School
- Assets
- $1.6b
- Revenue
- $181.6m
- Investments
- $1.3b
- Employees
- 2,337
- 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 06/2021, Juilliard School employed 2,337 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 6 years, the organization has seen revenues fall by an average of (9.8%) 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
990T
Mission & Program ActivityExcerpts From the 990T 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:
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 86% OF THE COLLEGE POPULATION OF THE SCHOOL (899 STUDENTS IN TOTAL) RECEIVED STUDENT ASSISTANCE DURING 2020-2021.
DURING 2020-2021 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 | $843,051 |
Lesley Rosenthal Chief Operating Officer | Officer | 50 | $505,003 |
Maurice Edelson VP Admin & General Counsel | Officer | 50 | $435,889 |
Alexandra Wheeler VP & Chief Advancement Officer | Officer | 50 | $423,506 |
Christine Todd VP & Chief Financial Officer | Officer | 50 | $340,749 |
Joseph W Polisi Chief China Officer | Officer | 50 | $329,601 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Investure Llc Investment Management | 6/29/21 | $3,205,891 |
Huron Consulting Group Inc Consulting | 6/29/21 | $3,092,948 |
Avlx Llc Video/audio For Live Stream | 6/29/21 | $1,919,485 |
Holzman Moss Bottino Architect | 6/29/21 | $340,399 |
Ffw Llc Web Design | 6/29/21 | $297,514 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,850,710 |
| Related organizations | $0 |
| Government grants | $1,557,702 |
| All other contributions, gifts, grants, and similar amounts not included above | $45,483,107 |
| Noncash contributions included in lines 1a–1f | $2,083,776 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $48,891,519 |
| Total Program Service Revenue | $62,465,086 |
| 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 organizations and domestic governments. | $0 |
| 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 of current officers, directors, key employees. | $2,353,604 |
| 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 | $2,558,021 |
| 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 |
| Net Land, buildings, and equipment | $141,378,468 |
| 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 | $255,177,630 |
| Net assets with donor restrictions | $1,090,557,670 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,626,062,472 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Juilliard School has recieved totaling $130,065.
| Awarding Organization | Amount |
|---|---|
Thomas Dubois Hormel Foundation Inc Fort Lauderdale, FL PURPOSE: TO PROVIDE SUPPORT FOR THE HIGHEST CALIBER OF ARTISTIC EDUCATION FOR GIFTED MUSICIANS, DANCERS, AND ACTORS FROM AROUND THE WORLD. | $100,000 |
Florence & Paul Derosa Memorial Fund For The Arts Inc Tenafly, NJ PURPOSE: AN UNRESTRICTED GRANT TO FURTHER THE ORGANIZATIONS EXEMPT PURPOSE | $12,000 |
Dungannon Foundation Inc New York, NY PURPOSE: GIFT | $10,000 |
John Dexter Bush Memorial Trust John Dexter Bush Memorial Fund Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $8,065 |
Endowment Analysis
| Beg. Balance | $1,052,919,649 |
| Earnings | $369,536,022 |
| Net Contributions | $5,046,730 |
| Other Expense | $39,148,492 |
| Grants | $19,679,585 |
| Ending Balance | $1,368,674,324 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fordham University Bronx, NY | $2,430,141,698 | $953,892,663 |
Rochester Institute Of Technology Rochester, NY | $2,526,196,996 | $1,071,324,345 |
St Johns University New York Jamaica, NY | $1,703,677,283 | $798,473,536 |
Villanova University Villanova, PA | $2,287,455,797 | $872,271,471 |
Rensselaer Polytechnic Institute Troy, NY | $1,598,843,813 | $653,047,178 |
Rockefeller University New York, NY | $4,263,008,941 | $535,346,959 |
Lehigh University Bethlehem, PA | $3,057,301,515 | $713,288,867 |
The New School New York, NY | $1,263,076,833 | $558,997,855 |
Hofstra University Hempstead, NY | $1,538,245,078 | $606,887,297 |
American University Of Beirut New York, NY | $1,902,791,001 | $608,300,843 |
Quinnipiac University Hamden, CT | $1,807,258,104 | $531,949,834 |
Seton Hall University South Orange, NJ | $890,349,000 | $473,034,000 |