The Colburn School FY2021 filing

Tax-deductible

Los Angeles, CA501(c)(3)Since 1951Arts & CultureEIN 95-2501387Revenue $59.4M in FY2021

On file with the IRScolburnschool.edu200 S Grand Ave, 90012-3007 · Los Angeles, CATax-exempt since Mar 1981School — 170(b)(1)(A)(ii)

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The Colburn school's founding principle of "access to excellence" provides a performance-centered education with unparalleled faculty and facilities for all levels of development, instills the joy and discipline of the performing arts, (continued on schedule o).

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
$2.8M 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

FY2021 · 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
5 of 6
filings with a surplus
Average surplus $59.8M a year · 53% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$2.8M
to officers and key staff · 7% of spending
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $130K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$157.2M
40% of total assets
Looks good: liabilities are 40% of assets; 50% or less.
Pt X · Ln 26
Independent board members
27
of 27 voting members
Looks good: 27 of 27 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$59.4M
+35% vs prior year
Spent
$43.3M
To programs
84%
Net assets
$235.3M
By yearFY2020–FY2025
Revenue
$59.4M
FY2021▲ +35%
Tap a bar for its year
Revenue by fiscal year
FY2020$44.1M
FY2021$59.4M
FY2022$293.9M
FY2023$74.2M
FY2024$130.7M
FY2025$69.7M
Expenses
$43.3M
FY2021▼ -15%
Tap a bar for its year
Expenses by fiscal year
FY2020$51.1M
FY2021$43.3M
FY2022$51.7M
FY2023$55.6M
FY2024$54.8M
FY2025$56.9M
Net assets
$235.3M
FY2021▲ +34%
Tap a bar for its year
Net assets by fiscal year
FY2020$175.5M
FY2021$235.3M
FY2022$478.8M
FY2023$505.7M
FY2024$591.3M
FY2025$615.9M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 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 Mar 1981.

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

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $36.4M Management & general 12% · $5.3M Fundraising 4% · $1.5M

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

41 people listed on the 990; $2.8M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
President & CEO
$430,000Pt VII · Sec A
$390,958Pt VII · Sec A
Professor
$357,608Pt VII · Sec A
$258,707Pt VII · Sec A
$249,945Pt VII · Sec A
VP Advancement
$239,232Pt VII · Sec A
Professor
$218,137Pt VII · Sec A
VP HR/Bod Secretary
$217,843Pt VII · Sec A

Sel Kardan’s $746K as President & CEO is at the 94th percentile of top reported officer pay among 749 $10–100M arts & culture 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
Sel Kardan$745,808—————
Seljuk Kardan—$697,138$583,831$575,717$430,000$642,384
Robert Lipsett$490,440$471,179$450,887$424,908$390,958$396,795
Fabio Bidini$421,765$462,733$429,236$386,706$357,608$359,053
Maeesha Merchant$461,017$416,912$318,580$303,635$100,682—
Annie E Wickert - SVP of$375,460—————
Linda Cormier—$335,460$284,651$276,581$217,843$205,310
Clive Greensmith$333,355$315,970$293,475$265,889$249,945$264,304

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.

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Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Educates students in performing arts with acclaimed faculty.

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Provided by the organization

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1 program · $36.4M · in their own filed words · FY2020
01

See schedule othe colburn school ("the school") is a california not-for-profit corporation located in the heart of the cultural corridor in downtown los angeles, california. The mission of the school is to offer the highest quality performing arts education by an outstanding faculty in an optimal learning ENVIRONMENT.THE school was…

$36.4Mprogram 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
Total grants receivedfrom 2 funders$130K
Grants paid · 18 grants · $62.8M · 2019–2024
Unitemized GrantFY2024$10,297,100
Unitemized GrantFY2024$1,122,270
Unitemized GrantFY2024$456,198
Unitemized GrantFY2023$10,056,970
Unitemized GrantFY2023$1,102,344
Unitemized GrantFY2023$454,251
Unitemized GrantFY2022$10,034,765
Unitemized GrantFY2022$1,065,222
Unitemized GrantFY2022$404,356
Unitemized GrantFY2021$9,395,325
Unitemized GrantFY2021$938,789
Unitemized GrantFY2021$399,531
Unitemized GrantFY2020$4,208,832
Unitemized GrantFY2020$3,467,769
Unitemized GrantFY2020$172,511
Unitemized GrantFY2019$7,948,087
Unitemized GrantFY2019$856,571
Unitemized GrantFY2019$435,635

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$59.4M
Ln 12
Investment incomeLn 3$23.4M
Gifts and grantsLn 1h$22.9M
Fees for servicesLn 2g$12.6M
Money outPt IX
$43.3M
Ln 25
Programscol B$36.4M
Managementcol C$5.3M
Fundraisingcol D$1.5M
Owns and owesPt X
$235.3M
net assets · Ln 32
Cash and savingsLn 1–2$11.5M
Total assetsLn 16$392.4M
LiabilitiesLn 26$157.2M
PeoplePt VI, VII
41
listed · VII A
PaidVII A11
Voting boardVI 1a27
IndependentVI 1b27
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$22.9M
Government grantsLn 1e$1.9M
Noncash giftsLn 1g$620K
Fees for servicesLn 2g$12.6M
Investment incomeLn 3$23.4M
Other incomeLn 4–11$446K
Gains on assetsLn 7$20.5M
Total revenueLn 12$59.4M
Assets in detailPt X, end of year
SavingsLn 2$11.5M
Cash and savings togetherLn 1–2$11.5M
InvestmentsLn 11–13$216.5M
Land, buildings, equipmentLn 10c$146.1M
Other assetsLn 15$662K
Total assetsLn 16$392.4M
LiabilitiesLn 26$157.2M
Net assetsLn 32$235.3M
OperationsPt I, VI
EmployeesI 5527
VolunteersI 693
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$3.0M$11.5M
InvestmentsLn 11–13$163.6M$216.5M
Land, buildings, equipmentLn 10c$146.3M$146.1M
Total assetsLn 16$336.0M$392.4M
LiabilitiesLn 26$160.5M$157.2M
Net assetsLn 32$175.5M$235.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$7.8M$7.8M
Pay of current officers, directors and key staffLn 5$1.7M$296K$1.1M$280K
Other salaries and wagesLn 7$13.5M$11.8M$997K$689K
Pension plan contributionsLn 8$721K$543K$118K$61K
Other employee benefitsLn 9$1.7M$1.4M$245K$102K
Payroll taxesLn 10$1.0M$838K$138K$66K
Legal feesLn 11b$130K$123K$6K$763
Accounting feesLn 11c$115K$13K$101K$676
Investment management feesLn 11f$1.5M$1.5M
Other fees for servicesLn 11g$1.9M$1.7M$130K$121K
Advertising and promotionLn 12$43K$21K$22K$214
Office expensesLn 13$620K$386K$193K$41K
Information technologyLn 14$541K$298K$136K$107K
OccupancyLn 16$1.3M$1.2M$62K$20K
TravelLn 17$20K$15K$3K$2K
Conferences, conventions and meetingsLn 19$21K$19K$1K$721
InterestLn 20$4.2M$4.2M$45K$14K
Depreciation, depletion and amortizationLn 22$5.6M$5.5M$64K$19K
InsuranceLn 23$417K$417K
Other expenses (24a–d)Ln 24$276K$228K$38K$10K
All other expensesLn 24e$156K$137K$17K$978
Total functional expensesLn 25$43.3M$36.4M$5.3M$1.5M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $69.7M$56.9M$12.9M$615.9M 990 PDF
FY2024 $130.7M$54.8M$75.9M$591.3M 990 PDF
FY2023 $74.2M$55.6M$18.6M$505.7M 990 PDF
FY2022 $293.9M$51.7M$242.2M$478.8M 990 PDF
FY2021 Viewing $59.4M$43.3M$16.1M$235.3M 990 PDF
FY2020 $44.1M$51.1M−$7.0M$175.5M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $59,375,662 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $24,734,030$22,936,441
I-9 Program service revenuePrior year $15,326,024$12,594,825
I-10 Investment incomePrior year $1,857,856$23,398,187
I-11 Other revenuePrior year $2,221,669$446,209
I-12 Total revenuePrior year $44,139,579$59,375,662
I-13 Grants and similar amounts paidPrior year $9,240,293$7,849,112
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $20,895,141$18,652,263
I-16a Professional fundraising feesPrior year $60,000$0
I-17 Other expensesPrior year $20,916,233$16,801,207
I-18 Total expensesPrior year $51,111,667$43,302,582
I-19 Revenue less expensesPrior year −$6,972,088$16,073,080
Part VI · Governance 27 of 27 board members independent, 1 to look at
VI-1a Voting members of the governing body27
VI-1b Independent voting members27
VI-2 Family or business relationship among officers or directorsYes
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 $59,375,662 across 11 lines filed
Lines not itemized here account for $138,826 of total revenue; see the IRS return.
VIII-1d Related organizations$8,328,000
VIII-1e Government grants$1,950,000
VIII-1f All other contributions, gifts and grants$12,658,441
VIII-1g Noncash contributions (included above)$620,476
VIII-1h Total contributions, gifts and grants$22,936,441
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $12,594,825$12,594,825
VIII-3 Investment incomeUnrelated business −$313,786 · Excluded from tax $3,214,864$2,901,078
VIII-6 Net rental income or lossExcluded from tax $307,355$307,355
VIII-7 Net gain or loss on sales of assetsExcluded from tax $20,497,109$20,497,109
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $28$28
VIII-12 Total revenueRelated to mission $12,594,825 · Unrelated business −$313,786 · Excluded from tax $24,158,182$59,375,662
Part IX · Statement of functional expenses $43,302,582 across 21 lines filed
IX-2 Grants to domestic individualsPrograms $7,849,112$7,849,112
IX-5 Pay of current officers, directors and key staffPrograms $295,872 · Management $1,114,219 · Fundraising $280,117$1,690,208
IX-7 Other salaries and wagesPrograms $11,783,652 · Management $996,933 · Fundraising $689,190$13,469,775
IX-8 Pension plan contributionsPrograms $542,699 · Management $118,019 · Fundraising $60,706$721,424
IX-9 Other employee benefitsPrograms $1,383,151 · Management $244,628 · Fundraising $101,564$1,729,343
IX-10 Payroll taxesPrograms $837,638 · Management $137,864 · Fundraising $66,011$1,041,513
IX-11b Legal feesPrograms $123,191 · Management $6,113 · Fundraising $763$130,067
IX-11c Accounting feesPrograms $12,888 · Management $101,233 · Fundraising $676$114,797
IX-11f Investment management feesManagement $1,482,012$1,482,012
IX-11g Other fees for servicesPrograms $1,655,495 · Management $129,679 · Fundraising $120,523$1,905,697
IX-12 Advertising and promotionPrograms $21,329 · Management $21,904 · Fundraising $214$43,447
IX-13 Office expensesPrograms $386,103 · Management $192,835 · Fundraising $41,435$620,373
IX-14 Information technologyPrograms $298,102 · Management $135,844 · Fundraising $107,113$541,059
IX-16 OccupancyPrograms $1,196,703 · Management $61,586 · Fundraising $19,755$1,278,044
IX-17 TravelPrograms $15,270 · Management $3,431 · Fundraising $1,546$20,247
IX-19 Conferences, conventions and meetingsPrograms $18,886 · Management $1,277 · Fundraising $721$20,884
IX-20 InterestPrograms $4,171,487 · Management $45,345 · Fundraising $14,208$4,231,040
IX-22 Depreciation, depletion and amortizationPrograms $5,482,784 · Management $63,787 · Fundraising $18,674$5,565,245
IX-23 InsuranceManagement $416,683$416,683
IX-24 Other expenses (24a–d)Programs $228,443 · Management $37,745 · Fundraising $9,558$275,746
IX-24e All other expensesPrograms $137,485 · Management $17,403 · Fundraising $978$155,866
IX-25 Total functional expensesPrograms $36,440,290 · Management $5,328,540 · Fundraising $1,533,752$43,302,582
Part X · Balance sheet $392,445,370 assets, 17 lines filed
X-2 Savings and temporary cash investmentsStart of year $3,040,959$11,541,348
X-3 Pledges and grants receivableStart of year $21,375,832$17,454,391
X-9 Prepaid expenses and deferred chargesStart of year $731,998$246,474
X-10c Land, buildings and equipment, netStart of year $146,283,168$146,057,528
X-11 Publicly traded securitiesStart of year $23,463,617$37,666,050
X-12 Other securitiesStart of year $140,117,204$178,817,808
X-15 Other assetsStart of year $940,715$661,771
X-16 Total assetsStart of year $335,953,493$392,445,370
X-17 Accounts payable and accrued expensesStart of year $3,642,196$6,732,928
X-19 Deferred revenueStart of year $444,224$318,320
X-20 Tax-exempt bond liabilitiesStart of year $130,985,000$130,985,000
X-25 Other liabilitiesStart of year $25,398,328$19,126,207
X-26 Total liabilitiesStart of year $160,469,748$157,162,455
X-27 Net assets without donor restrictionsStart of year $84,016,486$118,996,315
X-28 Net assets with donor restrictionsStart of year $91,467,259$116,286,600
X-32 Total net assets or fund balancesStart of year $175,483,745$235,282,915
X-33 Total liabilities and net assetsStart of year $335,953,493$392,445,370
Part XI · Reconciliation of net assets $235,282,915 net assets at year end
XI-1 Total revenue$59,375,662
XI-2 Total expenses$43,302,582
XI-3 Revenue less expenses$16,073,080
XI-4 Net assets at start of year$175,483,745
XI-5 Net unrealized gains (losses) on investments$37,190,185
XI-9 Other changes in net assets$6,535,906
XI-10 Net assets at end of year$235,282,915

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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