The Colburn School

“The following board members share a family relationship: catherine colburn hogel carol colburn grigor richard w. Colburn david d. Colburn”

“The form 990 is completed annually by the accounting department with a paid preparer and reviewed by the cfo. The 990 is presented to the president & ceo and the audit committee. Once the cfo, president & ceo, and audit committee are in agreement on the final 990, copies are provided to the entire governing board prior to it being filed. Once the 990 is considered final, the cfo will sign the return, or the authorization form for electronic filing, and submit by the filing deadline.”

“Board members are required annually to disclose conflicts on the conflicts of interest questionnaire. If conflicts are disclosed or otherwise brought to their attention, the board will review the potential conflict. It may determine that a conflict exists, but poses no risk of harm to the school or that some remedial action or intervention is necessary. The board documents discussion of the potential conflict and its resolution. The school also requires periodic review of transactions and relationships to ensure that there are no conflicts of interest.”

“The process for reviewing and approving compensation includes review and approval by the board of directors and/or compensation committee of the board, provided that persons with conflicts of interest with respect to the compensation arrangement at issue are not involved in the review and approval. Comparable compensation data (including form 990's of other organizations and compensation surveys) for similarly qualified individuals in functionally comparable positions at similarly situated organizations is used; independent compensation consultants are used; and contemporaneous documentation and recordkeeping with respect to the deliberations and decisions regarding the compensation arrangement is maintained.”

“Governing documents, subject to the federal or california state public disclosure rules, are made publicly available as the applicable law require. Otherwise, governing documents are provided to the public at the discretion of management.”

“And inspires students to achieve their full potential through the pursuit of excellence in all that they do. The colburn school levels the playing field for music and dance education by offering robust scholarship support to students at all levels who demonstrate commitment and goes beyond the campus to bring the performing arts to new communities through community engagement programs. Positioned at the intersection of education and the performing arts, the colburn school provides world-class performing arts education at all levels of development, from early childhood to those pursuing music degrees and professional careers. Each year, more than 2,000 students from around the world come to colburn's state-of-the-art campus in los angeles to benefit from the renowned faculty, unparalleled facilities, and focus on excellence that unites the community. More than 350 public music and dance performances take place on campus each year. With superb venues, low ticket prices, and world-renowned guest artists performing alongside students, these performances not only provide valuable educational experiences but develop the next generation of audiences.”

“Gain on interest rate swap 3,886,333. Prior period pledge write offs -1,071,391. Unrelated business income/(loss) for tax not for book 660,950.”