Civic Intelligence

Institute of Musical Art

EIN 13-6162648 • 501(c)3 • New York, NY

Profile

The mission of the institute of musical art (ima) is support of the juilliard school (juilliard), a 501(c)(3) exempt organization through annual distributions from the ima's endowment funds.

60 Lincoln Center PlazaNew York, NY 10023

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

8th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

NTEE A • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2024

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on the latest valid filing.

Source year 2024

Top Officer Pay

93rd percentile

$435,347

Higher top officer pay than 93% of similar nonprofits.

NTEE A • $10M-$25M nonprofits • Source year 2024

Asset Growth

52nd percentile

3.7%

Faster asset growth than 52% of similar nonprofits.

NTEE A • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets8th percentile

Assets

Up

$12,805,697

Up $460,567 (+3.7%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$12,805,697

Up $460,567 (+3.7%) from 2023

Operations
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

Flat

$0

Flat from 2023

Expenses

Up

$639,283

Up $20,766 (+3.4%) from 2023

Net Income

Down

-$639,283

Down $20,766 (-3.4%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth52nd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0Assets 2011: $9,724,157Liabilities 2011: $0Net Assets 2011: $9,724,1572011Assets 2012: $9,162,091Liabilities 2012: $0Net Assets 2012: $9,162,0912012Assets 2013: $9,908,050Liabilities 2013: $0Net Assets 2013: $9,908,0502013Assets 2014: $10,863,427Liabilities 2014: $0Net Assets 2014: $10,863,4272014Assets 2015: $10,680,112Liabilities 2015: $0Net Assets 2015: $10,680,1122015Assets 2016: $9,778,546Liabilities 2016: $0Net Assets 2016: $9,778,5462016Assets 2017: $10,696,314Liabilities 2017: $0Net Assets 2017: $10,696,3142017Assets 2018: $11,092,389Liabilities 2018: $0Net Assets 2018: $11,092,3892018Assets 2019: $10,939,065Liabilities 2019: $0Net Assets 2019: $10,939,0652019Assets 2020: $10,513,947Liabilities 2020: $0Net Assets 2020: $10,513,9472020Assets 2021: $13,620,449Liabilities 2021: $0Net Assets 2021: $13,620,4492021Assets 2022: $12,555,370Liabilities 2022: $0Net Assets 2022: $12,555,3702022Assets 2023: $12,345,130Liabilities 2023: $0Net Assets 2023: $12,345,1302023Assets 2024: $12,805,697Liabilities 2024: $0Net Assets 2024: $12,805,6972024

Highlighted filing

2024

Assets$12,805,697
Liabilities$0
Net Assets$12,805,697
Open 2024 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.0M$0-$1.0MRevenue 2011: $1,579,112Expenses 2011: $510,589Net Income 2011: $1,068,5232011Revenue 2012: -$59,812Expenses 2012: $502,254Net Income 2012: -$562,0662012Revenue 2013: $0Expenses 2013: $493,323Net Income 2013: -$493,3232013Revenue 2014: $0Expenses 2014: $491,945Net Income 2014: -$491,9452014Revenue 2015: $0Expenses 2015: $506,858Net Income 2015: -$506,8582015Revenue 2016: $0Expenses 2016: $524,739Net Income 2016: -$524,7392016Revenue 2017: $0Expenses 2017: $524,130Net Income 2017: -$524,1302017Revenue 2018: $0Expenses 2018: $524,091Net Income 2018: -$524,0912018Revenue 2019: $0Expenses 2019: $545,277Net Income 2019: -$545,2772019Revenue 2020: $0Expenses 2020: $541,890Net Income 2020: -$541,8902020Revenue 2021: $0Expenses 2021: $556,638Net Income 2021: -$556,6382021Revenue 2022: $0Expenses 2022: $577,228Net Income 2022: -$577,2282022Revenue 2023: $0Expenses 2023: $618,517Net Income 2023: -$618,5172023Revenue 2024: $0Expenses 2024: $639,283Net Income 2024: -$639,2832024

Highlighted filing

2024

Revenue$0
Expenses$639,283
Net Income-$639,283
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$12,805,697
Liabilities
$0
Net assets
$12,805,697
Revenue
$0
Expenses
$639,283
Net income
-$639,283
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$12.8$0.00$12.8$0.00$0.64$0.64
2023Detailed filing. Detailed filing data is available for this year.$12.3$0.00$12.3$0.00$0.62$0.62
2022Detailed filing. Detailed filing data is available for this year.$12.6$0.00$12.6$0.00$0.58$0.58
2021Detailed filing. Detailed filing data is available for this year.$13.6$0.00$13.6$0.00$0.56$0.56
2020Summary only. Only limited summary data is available for this year.$10.5$0.00$10.5$0.00$0.54$0.54
2019Summary only. Only limited summary data is available for this year.$10.9$0.00$10.9$0.00$0.55$0.55
2018Summary only. Only limited summary data is available for this year.$11.1$0.00$11.1$0.00$0.52$0.52
2017Summary only. Only limited summary data is available for this year.$10.7$0.00$10.7$0.00$0.52$0.52
2016Summary only. Only limited summary data is available for this year.$9.78$0.00$9.78$0.00$0.52$0.52
2015Summary only. Only limited summary data is available for this year.$10.7$0.00$10.7$0.00$0.51$0.51
2014Summary only. Only limited summary data is available for this year.$10.9$0.00$10.9$0.00$0.49$0.49
2013Summary only. Only limited summary data is available for this year.$9.91$0.00$9.91$0.00$0.49$0.49
2012Summary only. Only limited summary data is available for this year.$9.16$0.00$9.16$0.06$0.50$0.56
2011Summary only. Only limited summary data is available for this year.$9.72$0.00$9.72$1.58$0.51$1.07
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 12, 2025
Return Version
2023v6.0
Gross Receipts
$0
Mission and Program Overview

Mission

The mission of the institute of musical art (ima) is support of the juilliard school (juilliard), a 501(c)(3) exempt organization through annual distributions from the ima's endowment funds.

Support of the juilliard school, a 501(c)(3) organization.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$12,345,130$12,805,697▲ $460,567
Total Assets$12,345,130$12,805,697▲ $460,567
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$12,345,130$12,805,697▲ $460,567
Total Net Assets Fund Balance$12,345,130$12,805,697▲ $460,567
Total Liabilities and Net Assets / Fund Balance$12,345,130$12,805,697▲ $460,567

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$12,805,697--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$12,345,130-▲ $1,099,850-$12,805,697
2022$12,555,370-▲ $408,277-$12,345,130
2021$13,620,449-▲ $487,851-$12,555,370
2020$10,513,947-▲ $3,663,140-$13,620,449
2019$10,939,065-▲ $116,772-$10,513,947
Compensation and Service Providers
Top Officer Pay93rd percentile

Board Members and Trustees

NameTitle
Bruce KovnerPresident
Joseph PolisiTrustee
Christine ToddTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-639,283
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$639,283
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$639,283--$639,283
Total Functional Expenses$639,283$0$0$639,283
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
The Juilliard SchoolNew York, NY501(c)(3)Support of Juilliard$639,283
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“A draft copy of the form 990 is sent electronically to the board members of the ima before it is filed. Any comments or questions are addressed prior to filing the final form 990.”

Form 990, Part VI, Section B, Line 12

“Since the ima has no employees and its only activity is support of the juilliard school, the ima does not maintain its own employees and organizational policies. Trustees who are also employees or trustees of juilliard abide by the policies of juilliard, and the ima follows the policies of juilliard with respect to other organizational matters.”

Form 990, Part VI, Section C, Line 19

“Information about the ima is made available to the public upon request. The ima does not maintain its own website, since its activites are limited to support of juilliard and it has no employees.”

Filing and Contact Details

Filer

Filer Name
Institute of Musical Art
EIN
13-6162648
Phone
2127995000
Address
60 LINCOLN CENTER PLAZA, NEW YORK, NY 10023

Signing Officer

Name
Joseph Polisi
Title
Trustee
Phone
2127995000
Signed
2025-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bruce Kovner President
Formed
1905
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
2
Employees
0
Volunteers
0

Preparer

Firm
Grant Thornton Advisors LLC
Address
757 THIRD AVENUE 3RD FLOOR, NEW YORK, NY 10017-2013
Preparer
Daniel Romano
Phone
2125990100
Supplemental Narrative

Additional Explanations

FORM 990, PART X, LINE 12 & PART XI, LINE 5:

“Under the terms of an investment agreement with the juilliard school, a 501(c)(3) organization, the assets of the ima are invested by juilliard in its investment portfolio, which included publicly-traded securities and alternative investments. The ima's investment is represented by shares that it purchased in juilliard's investment portfolio, and separate fund records are maintained to record income, gains, losses and the value of the ima's investment.”

Financial Statement Notes

PART V, LINE 4:

“The intended use of the endownment funds of the ima is to provide support to the juilliard school. The funds were used entirely for that purpose.”

PART X, LINE 2:

“Income taxes the ima recognizes the effect of income tax positions only if those tax positions are more likely than not to be sustained. The ima did not recognize any unrelated business income tax liability for the years ended june 30, 2024 and 2023.”

Raw XML Appendix394 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/AuditCommitteeInd01
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IRS990/BooksInCareOfDetail/PhoneNum02127995000
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt060 LINCOLN CENTER PLAZA
IRS990/BooksInCareOfDetail/USAddress/CityNm0NEW YORK
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd010023
IRS990/BusinessRlnWith35CtrlEntInd00
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IRS990/CompensationFromOtherSrcsInd00
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IRS990/ConsolidatedAuditFinclStmtInd01
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IRS990/CYOtherExpensesAmt00
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
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IRS990/CYTotalRevenueAmt00
IRS990/DecisionsSubjectToApprovaInd00
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IRS990/DeductibleNonCashContriInd00
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IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
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IRS990/EmployeeCnt00
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IRS990/ExpenseAmt0639283
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt071634
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/PersonNm0JOSEPH POLISI
IRS990/Form990PartVIISectionAGrp/PersonNm1CHRISTINE TODD
IRS990/Form990PartVIISectionAGrp/PersonNm2BRUCE KOVNER
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt0363713
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/TitleTxt0TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2PRESIDENT
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01905
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GrantAmt0639283
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0639283
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0639283
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt00
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt02
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXInd0X
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt012345130
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt012805697
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE MISSION OF THE INSTITUTE OF MUSICAL ART (IMA) IS SUPPORT OF THE JUILLIARD SCHOOL (JUILLIARD), A 501(C)(3) EXEMPT ORGANIZATION THROUGH ANNUAL DISTRIBUTIONS FROM THE IMA'S ENDOWMENT FUNDS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt012345130
IRS990/NetAssetsOrFundBalancesEOYAmt012805697
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt01099850
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IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
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IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
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IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
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IRS990ScheduleD/EndowmentsHeldRelatedOrgInd01
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/OtherSecuritiesGrp/Desc0SHARES IN THE JUILLIARD SCHOOL'S INVESTMENT PORTFOLIO
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.00000
IRS990ScheduleD/RelatedOrgListSchRInd01
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE INTENDED USE OF THE ENDOWNMENT FUNDS OF THE IMA IS TO PROVIDE SUPPORT TO THE JUILLIARD SCHOOL. THE FUNDS WERE USED ENTIRELY FOR THAT PURPOSE.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1INCOME TAXES THE IMA RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE TAX POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. THE IMA DID NOT RECOGNIZE ANY UNRELATED BUSINESS INCOME TAX LIABILITY FOR THE YEARS ENDED JUNE 30, 2024 AND 2023.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.00000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt012805697
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0639283
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SUPPORT OF JUILLIARD
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0THE JUILLIARD SCHOOL
IRS990ScheduleI/RecipientTable/RecipientEIN0131624067
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt060 LINCOLN CENTER PLAZA
IRS990ScheduleI/RecipientTable/USAddress/CityNm0NEW YORK
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NY
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd010023
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE GRANT AWARDED TO THE JUILLIARD SCHOOL IS UNRESTRICTED AND SUPPORTS JUILLIARD'S OPERATIONS. JUILLIARD'S ANNUAL OPERATING COSTS FAR EXCEED THE GRANT AMOUNT, AND THE GOVERNING BOARD OF THE IMA CLOSELY MONITORS THE ACTIVITIES AND OPERATIONS OF JUILLIARD TO ENSURE THAT JUILLIARD'S RESOURCES ARE USED APPROPRIATELY AND IN ACCORDANCE WITH ITS MISSION.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0352601
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt035729
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt035905
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt011112
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JOSEPH POLISI
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0TRUSTEE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0435347
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE IMA DID NOT PROVIDE ANY OF THE ITEMS LISTED ON PART I, LINE 1A TO ANY PERSONS LISTED IN FORM 990, PART VII, SECTION A, LINE 1A DURING THE CURRENT YEAR. FURTHERMORE, IT DOES NOT PROVIDE REIMBURSEMENT OF ANY EXPENSES, INCLUDING THOSE LISTED IN LINE 1A, BECAUSE ITS ONLY ACTIVITY IS SUPPORT OF THE JUILLIARD SCHOOL THROUGH ANNUAL DISTRIBUTIONS FROM ITS INVESTMENT PORTFOLIO, WHICH IS MANAGED BY JUILLIARD. SINCE THERE ARE NO EMPLOYEES OF THE IMA AND NO OFFICERS OR TRUSTEES ARE COMPENSATED BY THE IMA, THE MEASURES LISTED IN PART I, LINE 3 TO DETERMINE COMPENSATION ARE NOT APPLICABLE.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 1A
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A DRAFT COPY OF THE FORM 990 IS SENT ELECTRONICALLY TO THE BOARD MEMBERS OF THE IMA BEFORE IT IS FILED. ANY COMMENTS OR QUESTIONS ARE ADDRESSED PRIOR TO FILING THE FINAL FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1SINCE THE IMA HAS NO EMPLOYEES AND ITS ONLY ACTIVITY IS SUPPORT OF THE JUILLIARD SCHOOL, THE IMA DOES NOT MAINTAIN ITS OWN EMPLOYEES AND ORGANIZATIONAL POLICIES. TRUSTEES WHO ARE ALSO EMPLOYEES OR TRUSTEES OF JUILLIARD ABIDE BY THE POLICIES OF JUILLIARD, AND THE IMA FOLLOWS THE POLICIES OF JUILLIARD WITH RESPECT TO OTHER ORGANIZATIONAL MATTERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2INFORMATION ABOUT THE IMA IS MADE AVAILABLE TO THE PUBLIC UPON REQUEST. THE IMA DOES NOT MAINTAIN ITS OWN WEBSITE, SINCE ITS ACTIVITES ARE LIMITED TO SUPPORT OF JUILLIARD AND IT HAS NO EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UNDER THE TERMS OF AN INVESTMENT AGREEMENT WITH THE JUILLIARD SCHOOL, A 501(C)(3) ORGANIZATION, THE ASSETS OF THE IMA ARE INVESTED BY JUILLIARD IN ITS INVESTMENT PORTFOLIO, WHICH INCLUDED PUBLICLY-TRADED SECURITIES AND ALTERNATIVE INVESTMENTS. THE IMA'S INVESTMENT IS REPRESENTED BY SHARES THAT IT PURCHASED IN JUILLIARD'S INVESTMENT PORTFOLIO, AND SEPARATE FUND RECORDS ARE MAINTAINED TO RECORD INCOME, GAINS, LOSSES AND THE VALUE OF THE IMA'S INVESTMENT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART X, LINE 12 & PART XI, LINE 5:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0THE JUILLIARD SCHOOL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0131624067
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0EDUCATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 2
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt060 LINCOLN CENTER PLAZA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0NEW YORK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd010023
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0639283
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0FMV
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0THE JUILLIARD SCHOOL
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0B
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt012345130
IRS990/TotalAssetsEOYAmt012805697
IRS990/TotalAssetsGrp/BOYAmt012345130
IRS990/TotalAssetsGrp/EOYAmt012805697
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0639283
IRS990/TotalFunctionalExpensesGrp/TotalAmt0639283
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt012345130
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt012805697
IRS990/TotalOtherCompensationAmt071634
IRS990/TotalProgramServiceExpensesAmt0639283
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt00
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt012345130
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt012805697
IRS990/TotReportableCompRltdOrgAmt0363713
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt060 LINCOLN CENTER PLAZA
IRS990/USAddress/CityNm0NEW YORK
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd010023
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JOSEPH POLISI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TRUSTEE
ReturnHeader/BusinessOfficerGrp/PhoneNum02127995000
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0INSTITUTE OF MUSICAL ART
ReturnHeader/Filer/BusinessNameControlTxt0INST
ReturnHeader/Filer/EIN0136162648
ReturnHeader/Filer/PhoneNum02127995000
ReturnHeader/Filer/USAddress/AddressLine1Txt060 LINCOLN CENTER PLAZA
ReturnHeader/Filer/USAddress/CityNm0NEW YORK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010023
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0991856619
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GRANT THORNTON ADVISORS LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0757 THIRD AVENUE 3RD FLOOR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0100172013
ReturnHeader/PreparerPersonGrp/PhoneNum02125990100
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DANIEL ROMANO
ReturnHeader/ReturnTs02025-05-12T11:10:11-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

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