Juilliard School FY2023 filing

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The mission of the Juilliard School is to cultivate excellence through the highest caliber of education in music, dance, and drama for gifted students from around the world, so they may achieve their fullest potential, expanding the reach and elevating the impact of the arts.

501(c)(3) charity; gifts are tax-deductible.
79¢ of each $1 spent went to programs.
$6.9M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $29.0M a year · 14% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$6.9M
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
<1 mo
of spending, in cash
Plus $1.35B in investments, Pt X · Ln 11–13
Fine: 0.8 months of spending in cash, plus $1.35B in investments.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $335K
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$243.6M
16% of total assets
Looks good: liabilities are 16% of assets; 50% or less.
Pt X · Ln 26
Independent board members
27
of 28 voting members
Looks good: 27 of 28 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$181.2M
-26% vs prior year
Spent
$182.1M
To programs
79%
Net assets
$1.3B
By yearFY2020–FY2025
Revenue
$181.2M
FY2023▼ -26%
Tap a bar for its year
Revenue by fiscal year
FY2020$140.6M
FY2021$181.6M
FY2022$244.6M
FY2023$181.2M
FY2024$223.7M
FY2025$231.7M
Expenses
$182.1M
FY2023▲ +14%
Tap a bar for its year
Expenses by fiscal year
FY2020$144.2M
FY2021$153.8M
FY2022$159.1M
FY2023$182.1M
FY2024$191.5M
FY2025$198.6M
Net assets
$1.3B
FY2023-0.08%
Tap a bar for its year
Net assets by fiscal year
FY2020$989.7M
FY2021$1.3B
FY2022$1.3B
FY2023$1.3B
FY2024$1.4B
FY2025$1.5B

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1934.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $143.5M Management & general 19% · $34.7M Fundraising 2% · $3.8M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

53 people listed on the 990; $6.9M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$867,173Pt VII · Sec A
Chief Operating Officer
$587,439Pt VII · Sec A
VP & Chief Financial Officer
$476,357Pt VII · Sec A
VP & Chief Advancement Officer
$450,740Pt VII · Sec A
VP Admin & Gen Counsel (thru 9/5/22)
$371,453Pt VII · Sec A
Chief China Officer
$350,469Pt VII · Sec A
Provost & Dean
$326,878Pt VII · Sec A
VP Public Affairs
$310,650Pt VII · Sec A

Damian Woetzel’s $1.1M as President is at the 78th percentile of top reported officer pay among 674 $100M+ education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Damian Woetzel$1,109,961$1,275,061$867,173$832,702$843,051$855,970
Lesley Rosenthal$577,731$646,359$587,439$516,269$505,003$498,721
Stephanie Vullo$591,619$274,099————
Cathy Nadeau$520,065$549,857$476,357$428,271——
Alexandra Wheeler$320,840$468,418$450,740$432,965$423,506$420,380
Maurice Edelson——$371,453$445,689$435,889$431,069
Joseph W Polisi$376,271$363,713$350,469$342,886$329,601$423,990
Ara Guzelimian————$313,175$414,371

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Juilliard School executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides world-class performing arts education and training in music, dance, and drama for gifted students from around the globe.

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3 programs · $134.2M · in their own filed words · FY2022
01

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…

$89.0Mprogram expense
02

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.

$33.9Mprogram expense
03

During 2022-2023 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…

$11.3Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
See all 6 funders →
Grants paid · 34 grants · $204.4M · 2019–2024
Unitemized GrantFY2024$35,909,335
Unitemized GrantFY2024$1,064,857
Unitemized GrantFY2024$965,054
Unitemized GrantFY2024$858,804
Unitemized GrantFY2024$802,052
Unitemized GrantFY2023$32,697,592
Unitemized GrantFY2023$1,075,658
Unitemized GrantFY2023$950,354
Unitemized GrantFY2023$907,907
Unitemized GrantFY2023$905,089
Unitemized GrantFY2022$31,780,176
Unitemized GrantFY2022$821,506
Unitemized GrantFY2022$799,718
Unitemized GrantFY2022$545,201
Unitemized GrantFY2022$510,186
Unitemized GrantFY2022$98,291
Unitemized GrantFY2021$29,818,947
Unitemized GrantFY2021$837,875
See all 34 grants →

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Jun 2025 · $5.2M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$4.2M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$549K
Federal Work-Study ProgramDepartment of Education · ALN 84.033 · Direct$168K
Federal Perkins Loan Program_federal Capital ContributionsDepartment of Education · ALN 84.038 · Direct$128K
Federal Supplemental Educational Opportunity GrantsDepartment of Education · ALN 84.007 · Direct$110K

The auditor reported no findings.

Year ending Jun 2024 · $5.6M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$4.3M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$507K
Disaster Grants - Public Assistance (presidentially Declared Disasters)Department of Homeland Security · ALN 97.036 · Through State of New York, Department of Homeland Security and Emergency Services$259K
Federal Work-Study ProgramDepartment of Education · ALN 84.033 · Direct$211K
Federal Perkins Loan Program_federal Capital ContributionsDepartment of Education · ALN 84.038 · Direct$164K

Plus 1 smaller program.

The auditor reported no findings.

Year ending Jun 2023 · $6.1M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$4.0M
Disaster Grants - Public Assistance (presidentially Declared Disasters)Department of Homeland Security · ALN 97.036 · Through State of New York, Department of Homeland Security and Emergency Services$1.2M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$427K
Federal Pekins Loan ProgramDepartment of Education · ALN 84.038 · Direct$201K
Federal Work-Study ProgramDepartment of Education · ALN 84.033 · Direct$175K

Plus 2 smaller programs.

The auditor reported no findings.

Year ending Jun 2022 · $5.1M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$3.5M
Education Stabilization FundDepartment of Education · ALN 84.425 · Direct$519K
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$444K
Federal Perkins LoanDepartment of Education · ALN 84.038 · Direct$248K
Federal Work-Study ProgramDepartment of Education · ALN 84.033 · Direct$186K

Plus 2 smaller programs.

The auditor reported no findings.

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$181.2M
Ln 12
Fees for servicesLn 2g$72.7M
Investment incomeLn 3$59.5M
Gifts and grantsLn 1h$47.4M
Money outPt IX
$182.1M
Ln 25
Programscol B$143.5M
Managementcol C$34.7M
Fundraisingcol D$3.8M
Owns and owesPt X
$1.3B
net assets · Ln 32
Cash and savingsLn 1–2$12.0M
Total assetsLn 16$1.6B
LiabilitiesLn 26$243.6M
PeoplePt VI, VII
53
listed · VII A
PaidVII A20
Voting boardVI 1a28
IndependentVI 1b27
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$47.4M
Government grantsLn 1e$2.2M
Noncash giftsLn 1g$2.8M
Fundraising eventsLn 1c$1.8M
Fees for servicesLn 2g$72.7M
Investment incomeLn 3$59.5M
Other incomeLn 4–11$1.6M
Gains on assetsLn 7$55.3M
Total revenueLn 12$181.2M
Assets in detailPt X, end of year
CashLn 1$12.0M
Cash and savings togetherLn 1–2$12.0M
InvestmentsLn 11–13$1.35B
Land, buildings, equipmentLn 10c$148.4M
Other assetsLn 15$6.5M
Total assetsLn 16$1.6B
LiabilitiesLn 26$243.6M
Net assetsLn 32$1.3B
OperationsPt I, VI
EmployeesI 52,969
VolunteersI 647
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
BondsSch K, Pt X
Tax-exempt bond debt owedX 20$193.2M
Bond issues listedSch K Pt I3
Raised by those issuesSch K Pt I$195.5M
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$2.8M
EndowmentSch D · Pt V
LineFY23FY22FY21FY20FY19
End of yearLn 1g$1.31B$1.31B$1.37B$1.05B$1.09B
Given inLn 1b$18.9M$55.9M$5.0M$3.7M$11.8M
SpentLn 1d–1f$65.4M$59.1M$58.8M$55.7M$54.1M
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$12.2M$12.0M
InvestmentsLn 11–13$1.37B$1.35B
Land, buildings, equipmentLn 10c$142.7M$148.4M
Total assetsLn 16$1.57B$1.56B
LiabilitiesLn 26$252.0M$243.6M
Net assetsLn 32$1.31B$1.31B
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$34.6M$34.6M
Pay of current officers, directors and key staffLn 5$6.6M$2.9M$3.0M$757K
Other salaries and wagesLn 7$60.8M$53.7M$5.6M$1.5M
Pension plan contributionsLn 8$3.4M$3.0M$312K$85K
Other employee benefitsLn 9$7.3M$6.4M$672K$182K
Payroll taxesLn 10$5.2M$4.3M$661K$174K
Legal feesLn 11b$4.8M$153K$4.7M
Accounting feesLn 11c$214K$214K
Investment management feesLn 11f$4.9M$4.9M
Other fees for servicesLn 11g$5.1M$3.0M$1.8M$282K
Advertising and promotionLn 12$938K$283K$655K
Office expensesLn 13$2.7M$1.6M$785K$267K
Information technologyLn 14$6.3M$6.3M
OccupancyLn 16$9.8M$8.9M$886K$98K
TravelLn 17$1.4M$1.2M$123K$50K
Conferences, conventions and meetingsLn 19$637K$277K$136K$223K
InterestLn 20$8.1M$7.3M$729K$81K
Depreciation, depletion and amortizationLn 22$12.4M$11.4M$849K$93K
InsuranceLn 23$2.4M$2.4M
Other expenses (24a–d)Ln 24$4.6M$4.6M
Total functional expensesLn 25$182.1M$143.5M$34.7M$3.8M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 13, 2026 $231.7M$198.6M$33.1M$1.5B 990 PDF
FY2024Filed with the IRS May 8, 2025 $223.7M$191.5M$32.2M$1.4B 990 PDF
FY2023 ViewingFiled with the IRS May 13, 2024 $181.2M$182.1M−$836K$1.3B 990 PDF
FY2022 $244.6M$159.1M$85.5M$1.3B 990 PDF
FY2021Filed with the IRS May 12, 2022 $181.6M$153.8M$27.8M$1.3B 990 PDF
FY2020Filed with the IRS May 17, 2021 $140.6M$144.2M−$3.7M$989.7M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash J · Pay O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $181,222,417 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $76,927,362$47,449,568
I-9 Program service revenuePrior year $68,360,632$72,672,768
I-10 Investment incomePrior year $98,885,805$59,525,625
I-11 Other revenuePrior year $379,239$1,574,456
I-12 Total revenuePrior year $244,553,038$181,222,417
I-13 Grants and similar amounts paidPrior year $32,759,366$34,555,078
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $72,404,345$83,254,263
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $53,920,404$64,248,949
I-18 Total expensesPrior year $159,084,115$182,058,290
I-19 Revenue less expensesPrior year $85,468,923−$835,873
Part VI · Governance 27 of 28 board members independent, no flags
VI-1a Voting members of the governing body28
VI-1b Independent voting members27
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $181,222,417 across 11 lines filed
Lines not itemized here account for $902,081 of total revenue; see the IRS return.
VIII-1c Fundraising events$1,796,277
VIII-1e Government grants$2,189,831
VIII-1f All other contributions, gifts and grants$43,463,460
VIII-1g Noncash contributions (included above)$2,848,473
VIII-1h Total contributions, gifts and grants$47,449,568
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $72,328,800 · Excluded from tax $343,968$72,672,768
VIII-3 Investment incomeUnrelated business −$861,728 · Excluded from tax $5,090,182$4,228,454
VIII-7 Net gain or loss on sales of assetsExcluded from tax $55,297,171$55,297,171
VIII-8 Net income from fundraising eventsExcluded from tax −$291,058−$291,058
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $963,433$963,433
VIII-12 Total revenueRelated to mission $72,978,036 · Unrelated business −$861,728 · Excluded from tax $61,656,541$181,222,417
Part IX · Statement of functional expenses $182,058,290 across 20 lines filed
IX-2 Grants to domestic individualsPrograms $34,555,078$34,555,078
IX-5 Pay of current officers, directors and key staffPrograms $2,864,663 · Management $3,025,132 · Fundraising $756,913$6,646,708
IX-7 Other salaries and wagesPrograms $53,664,472 · Management $5,619,273 · Fundraising $1,523,329$60,807,074
IX-8 Pension plan contributionsPrograms $2,978,747 · Management $311,908 · Fundraising $84,555$3,375,210
IX-9 Other employee benefitsPrograms $6,413,849 · Management $671,602 · Fundraising $182,065$7,267,516
IX-10 Payroll taxesPrograms $4,322,418 · Management $660,982 · Fundraising $174,355$5,157,755
IX-11b Legal feesPrograms $153,228 · Management $4,683,597$4,836,825
IX-11c Accounting feesManagement $214,302$214,302
IX-11f Investment management feesManagement $4,910,601$4,910,601
IX-11g Other fees for servicesPrograms $3,004,883 · Management $1,817,207 · Fundraising $282,331$5,104,421
IX-12 Advertising and promotionPrograms $283,000 · Management $654,968$937,968
IX-13 Office expensesPrograms $1,625,800 · Management $784,537 · Fundraising $266,636$2,676,973
IX-14 Information technologyManagement $6,281,212$6,281,212
IX-16 OccupancyPrograms $8,861,118 · Management $886,112 · Fundraising $98,457$9,845,687
IX-17 TravelPrograms $1,193,694 · Management $123,082 · Fundraising $50,421$1,367,197
IX-19 Conferences, conventions and meetingsPrograms $277,209 · Management $136,283 · Fundraising $223,009$636,501
IX-20 InterestPrograms $7,285,735 · Management $728,573 · Fundraising $80,953$8,095,261
IX-22 Depreciation, depletion and amortizationPrograms $11,422,044 · Management $849,151 · Fundraising $92,820$12,364,015
IX-23 InsuranceManagement $2,374,419$2,374,419
IX-24 Other expenses (24a–d)Programs $4,603,567$4,603,567
IX-25 Total functional expensesPrograms $143,509,505 · Management $34,732,941 · Fundraising $3,815,844$182,058,290
Part X · Balance sheet $1,555,536,376 assets, 19 lines filed
Asset lines not itemized here account for $252,116; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $12,207,804$12,032,800
X-3 Pledges and grants receivableStart of year $9,132,059$15,698,479
X-4 Accounts receivableStart of year $5,310,852$7,739,004
X-8 Inventories for sale or useStart of year $1,036,069$1,106,385
X-9 Prepaid expenses and deferred chargesStart of year $15,545,259$14,147,416
X-10c Land, buildings and equipment, netStart of year $142,688,996$148,385,756
X-11 Publicly traded securitiesStart of year $166,007,883$166,352,229
X-12 Other securitiesStart of year $1,205,695,967$1,183,350,997
X-15 Other assetsStart of year $7,106,756$6,471,194
X-16 Total assetsStart of year $1,565,030,492$1,555,536,376
X-17 Accounts payable and accrued expensesStart of year $24,679,092$27,258,645
X-19 Deferred revenueStart of year $764,741$1,075,673
X-20 Tax-exempt bond liabilitiesStart of year $193,447,671$193,201,627
X-25 Other liabilitiesStart of year $33,150,813$22,067,491
X-26 Total liabilitiesStart of year $252,042,317$243,603,436
X-27 Net assets without donor restrictionsStart of year $263,006,351$259,695,292
X-28 Net assets with donor restrictionsStart of year $1,049,981,824$1,052,237,648
X-32 Total net assets or fund balancesStart of year $1,312,988,175$1,311,932,940
X-33 Total liabilities and net assetsStart of year $1,565,030,492$1,555,536,376
Part XI · Reconciliation of net assets $1,311,932,940 net assets at year end
XI-1 Total revenue$181,222,417
XI-2 Total expenses$182,058,290
XI-3 Revenue less expenses−$835,873
XI-4 Net assets at start of year$1,312,988,175
XI-5 Net unrealized gains (losses) on investments−$12,387,589
XI-9 Other changes in net assets$12,168,227
XI-10 Net assets at end of year$1,311,932,940

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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