BERKLEE COLLEGE OF MUSIC INC: Form 990, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- BERKLEE COLLEGE OF MUSIC INC (EIN 04-2300472)
- Tax period
- 2021-06-01 to 2022-05-31
- Filed
- 2023-04-13
- IRS object ID
- 202321039349301437
- Schema version
- 2021v4.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule F
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-04-13T19:06:59-05:00 | ReturnTs |
| Tax Period End | 2022-05-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 135565207 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KPMG LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 60 SOUTH STREET TWO FINANCIAL | AddressLine1Txt |
| Address Line2 | CENTER | AddressLine2Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02111 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2021-06-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 042300472 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BERKLEE COLLEGE OF MUSIC INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | BERK | BusinessNameControlTxt |
| Phone | 6177472287 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1140 BOYLSTON STREET | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 022153693 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | STEFANO FALCONI | PersonNm |
| Person Title | INTERIM CFO | PersonTitleTxt |
| Phone | 6177472316 | PhoneNum |
| Signature | 2023-04-12 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | STEFANO | PersonFirstNm |
| Person Last | FALCONI | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | TARA KENNEY | PreparerPersonNm |
| PTIN | P01245482 | PTIN |
| Phone | 6179881000 | PhoneNum |
| Preparation | 2023-03-29 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | ERICA MUHL | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1140 BOYLSTON STREET | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 022153693 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $441,027,858 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.BERKLEE.EDU | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1945 | FormationYr |
| Legal Domicile State | MA | LegalDomicileStateCd |
| Activity Or Mission | THE MISSION OF BERKLEE COLLEGE OF MUSIC IS TO EDUCATE, TRAIN, AND DEVELOP STUDENTS TO EXCEL IN THE PERFORMING ARTS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 36 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 35 | VotingMembersIndependentCnt |
| Total Employee | 4037 | TotalEmployeeCnt |
| Total Volunteers | 2 | TotalVolunteersCnt |
| Total Gross UBI | $1,439,926 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $1,229,370 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $35,386,001 | PYContributionsGrantsAmt |
| CY Contributions Grants | $21,086,260 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $272,947,672 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $355,720,389 | CYProgramServiceRevenueAmt |
| PY Investment Income | $1,670,904 | PYInvestmentIncomeAmt |
| CY Investment Income | $3,223,661 | CYInvestmentIncomeAmt |
| PY Other Revenue | $3,491,906 | PYOtherRevenueAmt |
| CY Other Revenue | $4,582,098 | CYOtherRevenueAmt |
| PY Total Revenue | $313,496,483 | PYTotalRevenueAmt |
| CY Total Revenue | $384,612,408 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $82,548,499 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $90,755,931 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $160,468,096 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $182,742,159 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $5,335,374 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $78,023,655 | PYOtherExpensesAmt |
| CY Other Expenses | $105,665,629 | CYOtherExpensesAmt |
| PY Total Expenses | $321,040,250 | PYTotalExpensesAmt |
| CY Total Expenses | $379,163,719 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$7,543,767 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $5,448,689 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $889,466,260 | TotalAssetsBOYAmt |
| Total Assets EOY | $854,558,047 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $406,844,486 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $386,521,347 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $482,621,774 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $468,036,700 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | THE MISSION OF BERKLEE COLLEGE OF MUSIC IS TO FOSTER, ENCOURAGE AND PROMOTE THE CULTURE, STUDY, PRACTICE AND TEACHING OF VARIOUS BRANCHES OF MUSIC, THEATER, DANCING AND KINDRED ARTS AND TO CONDUCT A CONSERVATORY FOR INSTRUCTION IN THE VARIOUS BRANCHES OF MUSIC, THEATER, DANCING AND KINDRED ARTS. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $261,703,150 | ExpenseAmt |
| Grant | $88,165,344 | GrantAmt |
| Revenue | $279,882,249 | RevenueAmt |
| Desc | EDUCATION AND INSTRUCTION: THE PROGRAM IS PROVIDED TO DEVELOP THE SKILLS AND KNOWLEDGE OF STUDENTS SEEKING DEGREES IN MUSIC, THEATER, AND DANCE. THE COLLEGE PROVIDES OUTSTANDING FACULTY AND TEACHING FACILITIES FOR OVER 10,000 STUDENTS FROM THE US AND 97 FOREIGN COUNTRIES. THE COLLEGE ALSO OFFERS A NEW WAY FOR ARTISTS AROUND THE WORLD TO JOIN THE GLOBAL MUSIC COMMUNITY-AS PERFORMERS, AS PRACTITIONERS, AND AS LEADERS WITH THE COLLEGE'S FIRST INTERNATIONAL CAMPUS IN VALENCIA. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $30,084,587 | ExpenseAmt |
| Grant | $1,741,924 | GrantAmt |
| Revenue | $46,693,321 | RevenueAmt |
| Desc | BERKLEE ONLINE: BERKLEE COLLEGE OF MUSIC OFFERS DEGREES AND ACCREDITED PROGRAMS IN THE AREAS OF PRODUCTION, GUITAR, SONG WRITING, THEORY, HARMONY AND EAR TRAINING, AND THE MUSIC BUSINESS. CURRENTLY MORE THAN 4,000 STUDENTS PARTICIPATE IN ONLINE LEARNING. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $11,710,259 | ExpenseAmt |
| Grant | $848,663 | GrantAmt |
| Revenue | $30,651,794 | RevenueAmt |
| Desc | AUXILIARY SERVICES: THE COLLEGE HAS RESIDENCE HALL FACILITIES TO PROVIDE HOUSING FOR THOSE STUDENTS THAT CHOOSE TO LIVE AT THE COLLEGE. THE COLLEGE ALSO PROVIDES MEAL PLANS FOR BOTH STUDENTS IN HOUSING AND THOSE COMMUTER STUDENTS THAT CHOOSE THIS PLAN. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $303,497,996 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | Yes (1) | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | Yes (1) | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | Yes (1) | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (1) | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 932 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 4037 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | Yes (1) | ForeignFinancialAccountInd |
| Foreign Country | SP | ForeignCountryCd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 36 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 35 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (1) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | Yes (1) | InvestmentInJointVentureInd |
| Written Policy Or Procedure | 0 | WrittenPolicyOrProcedureInd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KARA TUCKER | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6177478853 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1140 BOYLSTON STREET | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 022153693 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (52 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| ROGER H BROWN | ||||||||
| PRESIDENT (END 7/21) | 35.00 | Yes (X) | Yes (X) | $340,265 | $0 | $58,491 | ||
| ERICA MUHL | ||||||||
| PRESIDENT (BEGIN 07/21) | 35.00 | Yes (X) | Yes (X) | $362,675 | $0 | $27,015 | ||
| G LEONARD BAKER | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| DAVID CLEM | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| JOHN CONNAUGHTON | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| CYNTHIA CURME | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| CARLA MARTINEZ DENICOLA | ||||||||
| TRUSTEE (END 3/22) | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| MICHAEL R EISENSON | ||||||||
| CO-VICE CHAIR (END 3/22) | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| EMILIO ESTEFAN | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| GLORIA ESTEFAN | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| FRANCESCA FREDERICK | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| DAVID GROSS-LOH | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| JOSH GRUSS | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| THOMAS HAGERTY | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| CHARLES HIRSCHORN | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| STEVEN HOLTZMAN | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| BILL KAISER | ||||||||
| TRUSTEE (BEGIN 03/22) | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| BJ KRINTZMAN | ||||||||
| TRUSTEE (END 10/21) | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| SARA LAWRENCE-LIGHTFOOT | ||||||||
| TRUSTEE (END 3/22) | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| MIE KYUNG LEE | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| MARTIN MANNION | ||||||||
| CO-VICE CHAIR | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| HASSELL MCCLELLAN | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| JANE MENDILLO | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| FREDERICK T MILLER | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| PETER MULLER | ||||||||
| TRUSTEE (BEGIN 03/22) | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| ROBERT MURLEY | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| ANTHONY PANGARO | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| JON PLATT | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| SNOW QIN | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| ALEX RIGOPULOS | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| STEVE RUCHEFSKY | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| JEFF SHAMES | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| DAVID SCOTT SLOAN | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| DARIUS SIDEBOTHAM | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| SUSAN SOLOMONT | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| ELIZABETH CARILLO THOMAS | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| PAUL D WACHTER | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| TARIK WARD | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| SUSAN WHITEHEAD | ||||||||
| CHAIR OF THE BOARD | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| ANDY YOUNISS | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| MARILLYN ZACHARIS | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| BARRY ZUBROW | ||||||||
| TRUSTEE (END 3/22) | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| RICHARD HISEY | ||||||||
| SR VICE PRESIDENT/TREASURER | 35.00 | Yes (X) | $410,344 | $0 | $49,359 | |||
| CATHLEEN YOUNG | ||||||||
| EXECUTIVE DIRECTOR (END 5/22) | 35.00 | Yes (X) | $270,959 | $0 | $25,071 | |||
| MELISSA HOWE | ||||||||
| SECRETARY | 35.00 | Yes (X) | $188,754 | $0 | $34,256 | |||
| LAWRENCE J SIMPSON | ||||||||
| SENIOR VICE PRESIDENT | 35.00 | $337,949 | $0 | $58,108 | Yes (X) | |||
| DEBORAH CAVALIER | ||||||||
| SENIOR VICE PRESIDENT | 35.00 | $346,732 | $0 | $42,935 | Yes (X) | |||
| ELIZABETH NEWMAN | ||||||||
| SENIOR VICE PRESIDENT | 35.00 | $323,231 | $0 | $55,722 | Yes (X) | |||
| CYNTHIA LINK | ||||||||
| SENIOR VICE PRESIDENT (END 5/22) | 35.00 | $315,543 | $0 | $37,172 | Yes (X) | |||
| MICHAEL KING | ||||||||
| VICE PRESIDENT (END 5/22) | 35.00 | $295,951 | $0 | $55,751 | Yes (X) | |||
| DAVID GREGORY | ||||||||
| VICE PRESIDENT (END 10/21) | 35.00 | $303,927 | $0 | $47,375 | Yes (X) | |||
| THOMAS RILEY | ||||||||
| VICE PRESIDENT | 35.00 | $291,453 | $0 | $58,390 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $3,787,783 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $549,645 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 399 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| ACME BUILDING SERVICES | |||||
| 599 NORTH AVENUE SUITE 6 | WAKEFIELD | MA | 01880 | CUSTODIAL SERVICES | $5,978,332 |
| GOOGLE INC | |||||
| PO BOX 39000 | SAN FRANCISCO | CA | 941390001 | MARKETING | $5,343,404 |
| ARAMARK SERVICES INC | |||||
| 27310 NETWORK PLACE | CHICAGO | IL | 606731273 | FOOD SERVICES | $5,209,437 |
| META PLATFORMS INC | |||||
| 1601 WILLOW ROAD | MENLO PARK | CA | 94025 | MARKETING | $2,777,425 |
| YORKE CONSTRUCTIONS CORP | |||||
| 140 WEST 31ST STREET | NEW YORK | NY | 10001 | CONSTRUCTION | $1,842,991 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 91 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $1,227,121 | FundraisingAmt |
| Government Grants | $5,343,193 | GovernmentGrantsAmt |
| All Other Contributions | $14,515,946 | AllOtherContributionsAmt |
| Noncash Contributions | $102,329 | NoncashContributionsAmt |
| Total Contributions | $21,086,260 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| TUITION & FEES | 611710 | $275,965,698 | $275,965,698 |
| BERKLEE ONLINE | 611710 | $46,693,321 | $46,693,321 |
| ROOM & BOARD | 721310 | $30,651,794 | $30,651,794 |
| GLOBAL INITIATIVES | 611710 | $1,967,161 | $1,967,161 |
| PERFORMANCE CENTER | 611710 | $442,415 | $442,415 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $355,720,389 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $329,237 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $321,203 | UnrelatedBusinessRevenueAmt |
| Exclusion | $8,034 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $3,200,272 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $694,829 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $2,505,443 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,505,443 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $414,503 | UnrelatedBusinessRevenueAmt |
| Exclusion | $2,090,940 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $57,558,593 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $54,664,169 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $2,894,424 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,894,424 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $704,220 | UnrelatedBusinessRevenueAmt |
| Exclusion | $2,190,204 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $0 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $1,227,121 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $296,508 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$296,508 | TotalRevenueColumnAmt |
| Exclusion | -$296,508 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $2,266,919 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $759,944 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,506,975 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $1,506,975 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | ExclusionExclusionAmt |
|---|---|---|---|
| BOOKSTORE | 451211 | $383,151 | $383,151 |
| BERKLEE PRESS | 900099 | $330,586 | $330,586 |
| CBS COMMISSIONS (PEPSI, LAUNDRY) | 900099 | $117,542 | $117,542 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $34,909 | TotalRevenueColumnAmt |
| Exclusion | $34,909 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $866,188 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $384,612,408 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $357,227,364 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $1,439,926 | UnrelatedBusinessRevenueAmt |
| Exclusion | $4,858,858 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $90,755,931 | TotalAmt |
| Program Services | $90,755,931 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,343,332 | TotalAmt |
| Program Services | $299,702 | ProgramServicesAmt |
| Management And General | $648,165 | ManagementAndGeneralAmt |
| Fundraising | $395,465 | FundraisingAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $135,479 | TotalAmt |
| Program Services | $135,479 | ProgramServicesAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $147,389,376 | TotalAmt |
| Program Services | $113,666,275 | ProgramServicesAmt |
| Management And General | $30,101,535 | ManagementAndGeneralAmt |
| Fundraising | $3,621,566 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,928,389 | TotalAmt |
| Program Services | $16,958 | ProgramServicesAmt |
| Management And General | $4,896,020 | ManagementAndGeneralAmt |
| Fundraising | $15,411 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $19,254,428 | TotalAmt |
| Program Services | $14,446,516 | ProgramServicesAmt |
| Management And General | $4,348,096 | ManagementAndGeneralAmt |
| Fundraising | $459,816 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,691,155 | TotalAmt |
| Program Services | $7,403,060 | ProgramServicesAmt |
| Management And General | $2,116,518 | ManagementAndGeneralAmt |
| Fundraising | $171,577 | FundraisingAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $720,619 | TotalAmt |
| Program Services | $720,619 | ProgramServicesAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $433,943 | TotalAmt |
| Program Services | $15,229 | ProgramServicesAmt |
| Management And General | $418,714 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $463,969 | TotalAmt |
| Management And General | $463,969 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $236,870 | TotalAmt |
| Management And General | $236,870 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $24,417,803 | TotalAmt |
| Program Services | $16,981,381 | ProgramServicesAmt |
| Management And General | $7,375,048 | ManagementAndGeneralAmt |
| Fundraising | $61,374 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,311,067 | TotalAmt |
| Program Services | $8,513,347 | ProgramServicesAmt |
| Management And General | $760,733 | ManagementAndGeneralAmt |
| Fundraising | $36,987 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,405,454 | TotalAmt |
| Program Services | $2,373,444 | ProgramServicesAmt |
| Management And General | $2,009,979 | ManagementAndGeneralAmt |
| Fundraising | $22,031 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,951,550 | TotalAmt |
| Program Services | $1,671,854 | ProgramServicesAmt |
| Management And General | $6,251,157 | ManagementAndGeneralAmt |
| Fundraising | $28,539 | FundraisingAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,743,577 | TotalAmt |
| Program Services | $2,743,577 | ProgramServicesAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,967,505 | TotalAmt |
| Program Services | $10,419,916 | ProgramServicesAmt |
| Management And General | $1,547,589 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,359,665 | TotalAmt |
| Program Services | $993,920 | ProgramServicesAmt |
| Management And General | $324,005 | ManagementAndGeneralAmt |
| Fundraising | $41,740 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $335,730 | TotalAmt |
| Program Services | $269,305 | ProgramServicesAmt |
| Management And General | $55,686 | ManagementAndGeneralAmt |
| Fundraising | $10,739 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,998,705 | TotalAmt |
| Program Services | $6,460,974 | ProgramServicesAmt |
| Management And General | $1,421,404 | ManagementAndGeneralAmt |
| Fundraising | $116,327 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $15,607,341 | TotalAmt |
| Program Services | $12,606,868 | ProgramServicesAmt |
| Management And General | $2,773,491 | ManagementAndGeneralAmt |
| Fundraising | $226,982 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $118,383 | TotalAmt |
| Management And General | $118,383 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| COST OF MEALS | $6,807,337 | $6,805,272 | $2,065 | $0 |
| EVENT EXPENSE | $3,352,960 | $2,609,978 | $717,474 | $25,508 |
| EQUIPMENT REPAIR | $2,015,307 | $1,813,555 | $201,752 | $0 |
| PUBLICATIONS/SUBSCRIPTI | $1,004,968 | $90,074 | $892,934 | $21,960 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,412,876 | TotalAmt |
| Program Services | $1,684,762 | ProgramServicesAmt |
| Management And General | $2,648,762 | ManagementAndGeneralAmt |
| Fundraising | $79,352 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $379,163,719 | TotalAmt |
| Program Services | $303,497,996 | ProgramServicesAmt |
| Management And General | $70,330,349 | ManagementAndGeneralAmt |
| Fundraising | $5,335,374 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $101,321,137 | BOYAmt |
| EOY | $111,053,874 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,625,129 | BOYAmt |
| EOY | $8,442,485 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $745,688 | BOYAmt |
| EOY | $453,046 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,135,742 | BOYAmt |
| EOY | $933,485 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $501,886,912 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $208,990,832 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $284,744,881 | BOYAmt |
| EOY | $292,896,080 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $446,633,115 | BOYAmt |
| EOY | $406,592,352 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $46,260,568 | BOYAmt |
| EOY | $34,186,725 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $889,466,260 | BOYAmt |
| EOY | $854,558,047 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $122,270,919 | BOYAmt |
| EOY | $99,030,568 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $29,192,756 | BOYAmt |
| EOY | $39,071,486 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $251,662,883 | BOYAmt |
| EOY | $244,655,337 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,717,928 | BOYAmt |
| EOY | $3,763,956 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $406,844,486 | BOYAmt |
| EOY | $386,521,347 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $324,548,735 | BOYAmt |
| EOY | $331,315,221 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $158,073,039 | BOYAmt |
| EOY | $136,721,479 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $482,621,774 | BOYAmt |
| EOY | $468,036,700 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $889,466,260 | BOYAmt |
| EOY | $854,558,047 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $5,448,689 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$41,990,858 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $21,957,095 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $21,649,617 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $26,539,077 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $26,109,290 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $35,386,001 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $21,086,260 | CurrentTaxYearAmt |
| Total | $130,770,245 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $21,649,617 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $26,539,077 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $26,109,290 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $35,386,001 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $21,086,260 | CurrentTaxYearAmt |
| Total | $130,770,245 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $2,347,944 | SubstantialContributorsTotAmt |
| Public Support Total170 | $128,422,301 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $2,735,526 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $4,204,963 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $3,822,043 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $2,728,049 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,793,803 | CurrentTaxYearAmt |
| Total | $16,284,384 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,223,207 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $0 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $0 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $0 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,230,370 | CurrentTaxYearAmt |
| Total | $2,453,577 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $2,051,431 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,042,612 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $8,718,346 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $3,867,486 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $3,133,107 | CurrentTaxYearAmt |
| Total | $19,812,982 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $169,321,188 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $1,551,285,480 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.75850 | PublicSupportCY170Pct |
| Public Support PY170 | 0.75730 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 0 | AgentTrusteeEtcInd |
| Incl Escrow Custodial Acct Liab | 0 | InclEscrowCustodialAcctLiabInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $446,633,116 | BeginningYearBalanceAmt |
| Contributions | $4,366,019 | ContributionsAmt |
| Investment Earnings Or Losses | -$41,093,737 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $2,825,961 | GrantsOrScholarshipsAmt |
| Other Expenditures | $487,085 | OtherExpendituresAmt |
| End Year Balance | $406,592,352 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $327,571,106 | BeginningYearBalanceAmt |
| Contributions | $20,631,458 | ContributionsAmt |
| Investment Earnings Or Losses | $114,628,364 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $2,460,186 | GrantsOrScholarshipsAmt |
| Other Expenditures | $13,737,626 | OtherExpendituresAmt |
| End Year Balance | $446,633,116 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $356,061,885 | BeginningYearBalanceAmt |
| Contributions | $5,124,631 | ContributionsAmt |
| Investment Earnings Or Losses | -$17,363,212 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $2,534,515 | GrantsOrScholarshipsAmt |
| Other Expenditures | $13,717,683 | OtherExpendituresAmt |
| End Year Balance | $327,571,106 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $365,075,720 | BeginningYearBalanceAmt |
| Contributions | $4,802,197 | ContributionsAmt |
| Investment Earnings Or Losses | $1,008,984 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $1,899,726 | GrantsOrScholarshipsAmt |
| Other Expenditures | $12,925,290 | OtherExpendituresAmt |
| End Year Balance | $356,061,885 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $358,716,518 | BeginningYearBalanceAmt |
| Contributions | $4,786,360 | ContributionsAmt |
| Investment Earnings Or Losses | $17,585,791 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $3,165,149 | GrantsOrScholarshipsAmt |
| Other Expenditures | $12,847,800 | OtherExpendituresAmt |
| End Year Balance | $365,075,720 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.77100 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.18140 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.04760 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $56,541,339 | OtherCostOrOtherBasisAmt |
| Book Value | $56,541,339 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $199,383,146 | OtherCostOrOtherBasisAmt |
| Depreciation | $56,174,125 | DepreciationAmt |
| Book Value | $143,209,021 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $31,571,819 | OtherCostOrOtherBasisAmt |
| Depreciation | $9,889,427 | DepreciationAmt |
| Book Value | $21,682,392 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $56,613,228 | OtherCostOrOtherBasisAmt |
| Depreciation | $43,879,302 | DepreciationAmt |
| Book Value | $12,733,926 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $157,777,380 | OtherCostOrOtherBasisAmt |
| Depreciation | $99,047,978 | DepreciationAmt |
| Book Value | $58,729,402 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $292,896,080 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | REFUNDABLE ADVANCES - US GOV | Desc |
| Amt | $3,763,956 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $3,763,956 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $373,993,055 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$41,990,858 | NetUnrealizedGainsInvstAmt |
| Other Revenue | $29,569,624 | OtherRevenueAmt |
| Revenue Not Reported | -$12,421,234 | RevenueNotReportedAmt |
| Revenue Subtotal | $386,414,289 | RevenueSubtotalAmt |
| Other Revenues Not Included | -$1,801,881 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | -$1,801,881 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $384,612,408 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $388,936,316 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $9,772,597 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $9,772,597 | ExpensesNotReportedAmt |
| Expenses Subtotal | $379,163,719 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $379,163,719 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART IV, LINE 1B: | ESCROW AND CUSTODIAL ARRANGEMENTS BERKLEE COLLEGE OF MUSIC IS 100% OWNER OF BERKLEE VALENCIA. THE COLLEGE MAINTAINS THE BOOKS AND RECORDS FOR THE RELATED ENTITY. |
| PART V, LINE 4: | ENDOWMENT FUNDS ENDOWMENT ASSETS ARE INTENDED TO PROVIDE INCOME FOR CURRENT OPERATIONS AND OPERATIONS AND SCHOLARSHIPS WITHIN LEGAL SPENDING LIMITS. PERMANENT RESTRICTED ASSETS MUST BE HELD IN PERPETUITY. TEMPORARY RESTRICTED ASSETS ARE HELD FOR DONOR SPECIFIED TIME OR PURPOSE. |
| PART X, LINE 2: | THE COLLEGE IS A TAX-EXEMPT ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE), AND IS GENERALLY EXEMPT FROM TAXES PURSUANT TO SECTION 501(A) OF THE CODE. ACCORDINGLY, IT IS GENERALLY NOT SUBJECT TO INCOME TAXES EXCEPT TO THE EXTENT IT HAS TAXABLE INCOME FROM ACTIVITIES THAT ARE NOT RELATED TO ITS EXEMPT PURPOSE. THE COLLEGE HAS GENERATED UNRELATED BUSINESS INCOME FOR THE YEAR ENDED MAY 31, 2022 BUT IT IS NOT SIGNIFICANT TO THE CONSOLIDATED FINANCIAL STATEMENTS. THE COLLEGE BELIEVES IT HAS TAKEN NO SIGNIFICANT UNCERTAIN TAX POSITIONS. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | PENSION OBLIGATION CHANGES 21,957,095. BERKLEE VALENCIA REVENUE 10,105,357. HEERF/CARES REVENUE -2,492,828. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | RECLASS OF RENTAL EXPENSES -694,829. RECLASS OF FUNDRAISING EXPENSE -296,508. GILBERT GRANT -50,600. BERKLEE LAPTOP PROGRAM COST OF GOODS SOLD -759,944. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | RECLASS OF RENTAL EXPENSES 694,829. RECLASS OF FUNDRAISING EXPENSE 296,508. GILBERT GRANT 50,600. RECLASS OF HEERF/CARES ACT REVENUE -2,492,828. RECLASS OF BERKLEE VALENCIA EXPENSES 10,463,544. BERKLEE LAPTOP PROGRAM COST OF GOODS SOLD 759,944. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (1) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE E, PART I, LINE 3 | THE COLLEGE'S POLICY OF NONDISCRIMINATION IS PUBLISHED IN ALL COLLEGE CATALOGUES AND BROCHURES, ALL EMPLOYMENT ADVERTISEMENTS, AS WELL AS ON THE COLLEGE'S WEBSITE WWW.BERKLEE.EDU. |
| SCHEDULE E, PART I, LINE 6 | FINANCIAL AID OR ASSISTANCE THE COLLEGE RECEIVES FEDERAL AND STATE STUDENT FINANCIAL AID IN THE FORM OF GRANTS, LOANS, AND WORK STUDY. |
Schedule F IRS990ScheduleF
Account Activities Outside US AccountActivitiesOutsideUSGrp (13 entries)
| RegionRegionTxt | OfficesOfficesCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Specific Services ProvidedSpecificServicesProvidedTxt | Region Total ExpendituresRegionTotalExpendituresAmt | EmployeeEmployeeCnt |
|---|---|---|---|---|---|
| EUROPE (INCLUDING ICELAND AND GREENLAND) | 1 | PROGRAM SERVICES | VALENCIA CAMPUS | ||
| CENTRAL AMERICA AND THE CARIBBEAN | INVESTMENTS | $114,336,394 | |||
| EAST ASIA AND THE PACIFIC | PROGRAM SERVICES | STUDY ABROAD | $98,678 | ||
| SOUTH ASIA | PROGRAM SERVICES | STUDY ABROAD | $287,377 | ||
| EUROPE (INCLUDING ICELAND AND GREENLAND) | PROGRAM SERVICES | STUDY ABROAD | $123,662 | ||
| MIDDLE EAST AND NORTH AFRICA | 1 | PROGRAM SERVICES | STUDY ABROAD | $1,459,966 | 4 |
| CENTRAL AMERICA AND THE CARIBBEAN | PROGRAM SERVICES | BERKLEE ONLINE | |||
| EUROPE (INCLUDING ICELAND AND GREENLAND) | PROGRAM SERVICES | BERKLEE ONLINE | |||
| MIDDLE EAST AND NORTH AFRICA | PROGRAM SERVICES | BERKLEE ONLINE | |||
| RUSSIA AND NEIGHBORING STATES | PROGRAM SERVICES | BERKLEE ONLINE | |||
| SOUTH AMERICA | PROGRAM SERVICES | BERKLEE ONLINE | |||
| SOUTH ASIA | PROGRAM SERVICES | BERKLEE ONLINE | |||
| SUB-SAHARAN AFRICA | PROGRAM SERVICES | BERKLEE ONLINE |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 2 | SubtotalOfficesCnt |
| Subtotal Employees | 4 | SubtotalEmployeesCnt |
| Continuation Total Office | 0 | ContinuationTotalOfficeCnt |
| Continuation Total Employee | 0 | ContinuationTotalEmployeeCnt |
| Total Office | 2 | TotalOfficeCnt |
| Total Employee | 4 | TotalEmployeeCnt |
| Subtotal Spent | $116,306,077 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $116,306,077 | TotalSpentAmt |
| Transfer To Foreign Corp | Yes (1) | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | Yes (1) | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | Yes (1) | PassiveForeignInvestmestCoInd |
| Foreign Partnership | Yes (1) | ForeignPartnershipInd |
| Boycott Countries | Yes (1) | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART III ACCOUNTING METHOD: | |
| PART I, LINE 3 | THE ACTIVITY CONDUCTED IN SPAIN IS MANAGEMENT AND PROGRAM SERVICES, INCLUDING GRADUATE PROGRAMS, AND STUDY ABROAD FOR THE COLLEGE'S FIRST INTERNATIONAL CAMPUS. THE VALENCIA CAMPUS HAS 102 EMPLOYEES. |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | GALA - BCM | Event1Nm |
| Gross Receipts Event1 | $943,502 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $943,502 | CharitableContriEvent1Amt |
| Rent Facility Costs Event1 | $12,000 | RentFacilityCostsEvent1Amt |
| Entertainment Event1 | $76,433 | EntertainmentEvent1Amt |
| Other Direct Expenses Event1 | $30,576 | OtherDirectExpensesEvent1Amt |
| Event2 | SOIREE - BCB | Event2Nm |
| Gross Receipts Event2 | $283,619 | GrossReceiptsEvent2Amt |
| Charitable Contri Event2 | $283,619 | CharitableContriEvent2Amt |
| Rent Facility Costs Event2 | $75,352 | RentFacilityCostsEvent2Amt |
| Entertainment Event2 | $49,681 | EntertainmentEvent2Amt |
| Other Direct Expenses Event2 | $52,466 | OtherDirectExpensesEvent2Amt |
| Gross Receipts Total | $1,227,121 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $1,227,121 | CharitableContributionsTotAmt |
| Rent Fclty Costs Total Events | $87,352 | RentFcltyCostsTotalEventsAmt |
| Entertainment Total Events | $126,114 | EntertainmentTotalEventsAmt |
| Oth Direct Expnss Total Events | $83,042 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $296,508 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$296,508 | NetIncomeSummaryAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE G, PART II, COLUMN B | FormAndLineReferenceDesc |
| Explanation | BOTH THE BCM - GALA AND THE BCB - SOIREE ARE REPORTED ON SCHEDULE G, PART II AS EXPENSES AND CONTRIBUTIONS WERE INCURRED RELATED TO THIS EVENT. HOWEVER, IN FY22 BOTH EVENTS WERE HELD VIRTUALLY DUE TO THE COVID-19 PANDEMIC. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (6 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt |
|---|---|---|
| INTERNAL SCHOLARSHIPS | 4203 | $79,398,863 |
| EXTERNAL SCHOLARSHIPS | 587 | $7,647,561 |
| COLLEGE WORK STUDY | 87 | $140,257 |
| MASSACHUSETTS STATE SCHOLARSHIPS | 74 | $50,600 |
| SEOG FINANCIAL AID AWARDS | 508 | $1,025,822 |
| HIGHER EDUCATION EMERGENCY RELIEF FUNDING | 919 | $2,492,828 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | ORGANIZATION'S PROCEDURE FOR MONITORING THE USE OF GRANT FUNDS THE COLLEGE'S OFFICE OF FINANCIAL AID IS RESPONSIBLE FOR AWARDING AND MONITORING ALL FEDERAL AND STATE GRANT ASSISTANCE. STUDENTS APPLY FOR FINANCIAL AID BY COMPLETING A FAFSA FORM WHICH CAPTURES THE DATA REQUIRED DETERMINING ELIGIBILITY BASED ON FEDERAL AND/OR STATE REGULATIONS. DOCUMENTATION TO SUPPORT ELIGIBILITY IS KEPT FOR EACH INDIVIDUAL STUDENT ON FILE IN THE FINANCIAL AID OFFICE. WHEN FUNDS ARE AWARDED, STUDENT ELIGIBILITY IS MONITORED THROUGH THE COLLEGE'S OPERATIONAL SYSTEM AID MODULE TO ENSURE THERE ARE NO CHANGES IN STATUS THAT MIGHT AFFECT THEIR ONGOING ELIGIBILITY. TOTAL GRANT FUNDS AWARDED ARE TRACKED TO ENSURE COMPLIANCE WITH AUTHORIZED AMOUNTS FROM THE FUNDING AGENCY. THE COLLEGE ALSO IS REQUIRED TO SUBMIT AN ANNUAL INDEPENDENT A-133 AUDIT TO ENSURE COMPLIANCE WITH ALL FEDERAL REGULATIONS FOR GRANT ASSISTANCE. THE SCHOLARSHIP OFFICE IS RESPONSIBLE FOR AWARDING AND MONITORING ALL INSTITUTIONAL SCHOLARSHIP ASSISTANCE. CONTINUING STUDENTS APPLY FOR SCHOLARSHIP AID BY COMPLETING A SCHOLARSHIP APPLICATION FORM WHICH CAPTURES THE DATA REQUIRED TO DETERMINE ELIGIBILITY BASED ON INSTITUTIONAL GUIDELINES. ENTERING STUDENTS ARE AUTOMATICALLY CONSIDERED FOR SCHOLARSHIP BASED ON THE COLLEGE'S AUDITION AND INTERVIEW PROCESS. DOCUMENTATION TO SUPPORT ELIGIBILITY IS KEPT FOR EACH INDIVIDUAL STUDENT ON FILE IN THE SCHOLARSHIP OFFICE. WHEN FUNDS ARE AWARDED, STUDENT ELIGIBILITY IS MONITORED THROUGH THE COLLEGE'S OPERATIONAL SYSTEM SCHOLARSHIP MODULE TO ENSURE THERE ARE NO CHANGES IN STATUS THAT MIGHT AFFECT THEIR ONGOING ELIGIBILITY. TOTAL SCHOLARSHIP FUNDS AWARDED ARE TRACKED TO ENSURE COMPLIANCE WITH BUDGETED AMOUNTS. THE SCHOLARSHIP OFFICE REVIEWS ALL AWARDS EACH SEMESTER TO DETERMINE THAT THE STUDENT IS STILL ELIGIBLE FOR THE SCHOLARSHIP. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | Yes (1) | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | Yes (1) | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | Yes (1) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (12 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| RICHARD HISEY | ||||||||||||||
| SR VICE PRESIDENT/TREASURER | $379,512 | $0 | $23,100 | $0 | $7,732 | $0 | $26,100 | $0 | $23,259 | $0 | $459,703 | $0 | $0 | $0 |
| ROGER H BROWN | ||||||||||||||
| PRESIDENT (END 7/21) | $219,196 | $0 | $51,282 | $0 | $69,787 | $0 | $22,500 | $0 | $35,991 | $0 | $398,756 | $0 | $0 | $0 |
| LAWRENCE J SIMPSON | ||||||||||||||
| SENIOR VICE PRESIDENT | $305,119 | $0 | $19,605 | $0 | $13,225 | $0 | $26,100 | $0 | $32,008 | $0 | $396,057 | $0 | $0 | $0 |
| ERICA MUHL | ||||||||||||||
| PRESIDENT (BEGIN 07/21) | $289,446 | $0 | $0 | $0 | $73,229 | $0 | $12,785 | $0 | $14,230 | $0 | $389,690 | $0 | $0 | $0 |
| DEBORAH CAVALIER | ||||||||||||||
| SENIOR VICE PRESIDENT | $282,066 | $0 | $53,306 | $0 | $11,360 | $0 | $25,916 | $0 | $17,019 | $0 | $389,667 | $0 | $0 | $0 |
| ELIZABETH NEWMAN | ||||||||||||||
| SENIOR VICE PRESIDENT | $302,317 | $0 | $19,384 | $0 | $1,530 | $0 | $26,100 | $0 | $29,622 | $0 | $378,953 | $0 | $0 | $0 |
| CYNTHIA LINK | ||||||||||||||
| SENIOR VICE PRESIDENT (END 5/22) | $182,342 | $0 | $18,412 | $0 | $114,789 | $0 | $18,721 | $0 | $18,451 | $0 | $352,715 | $0 | $0 | $0 |
| MICHAEL KING | ||||||||||||||
| VICE PRESIDENT (END 5/22) | $246,576 | $0 | $46,910 | $0 | $2,465 | $0 | $24,304 | $0 | $31,447 | $0 | $351,702 | $0 | $0 | $0 |
| DAVID GREGORY | ||||||||||||||
| VICE PRESIDENT (END 10/21) | $236,574 | $0 | $9,272 | $0 | $58,081 | $0 | $26,100 | $0 | $21,275 | $0 | $351,302 | $0 | $0 | $0 |
| THOMAS RILEY | ||||||||||||||
| VICE PRESIDENT | $273,616 | $0 | $4,883 | $0 | $12,954 | $0 | $25,827 | $0 | $32,563 | $0 | $349,843 | $0 | $0 | $0 |
| CATHLEEN YOUNG | ||||||||||||||
| EXECUTIVE DIRECTOR (END 5/22) | $251,086 | $0 | $14,760 | $0 | $5,113 | $0 | $24,016 | $0 | $1,055 | $0 | $296,030 | $0 | $0 | $0 |
| MELISSA HOWE | ||||||||||||||
| SECRETARY | $160,978 | $0 | $5,046 | $0 | $22,730 | $0 | $15,441 | $0 | $18,815 | $0 | $223,010 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 1A | BENEFITS HEALTH CLUB DUES ARE REIMBURSED TO MEMBERS OF THE PRESIDENT'S COUNCIL UNDER AN EXECUTIVE WELLNESS REIMBURSEMENT PROGRAM. THIS INCLUDES THE SENIOR VICE PRESIDENTS AND VICE PRESIDENTS REPORTED IN FORM 990 PART VII. A RELOCATION HOUSING ALLOWANCE WAS PROVIDED TO THE NEW PRESIDENT. THE AMOUNTS ARE INCLUDED AS TAXABLE COMPENSATION IN EACH INDIVIDUAL'S FORM W-2. |
| PART I, LINE 4A | DURING THE CALENDAR YEAR 2021, CYNTHIA LINK RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $64,917. THIS AMOUNT IS REPORTED IN COLUMN B(III). |
| PART I, LINE 5 | CONTINGENT PAYMENTS DEBORAH CAVALIER IS ELIGIBLE TO RECEIVE A PERCENTAGE OF AVAILABLE BONUS DOLLARS ANNUALLY. THE BONUS OF $53,306 REPORTED IN COLUMN B(II) IS EQUAL TO 10% OF THE DIVISION OPERATING MARGIN MINUS APPLICABLE RENT EXPENSES. |
| PART I, LINE 7 | NON-FIXED PAYMENTS PERFORMANCE BONUS AMOUNTS ARE REWARDED AT THE DISCRETION OF THE PRESIDENT AND REVIEWED AND ENDORSED BY THE EXECUTIVE COMMITTEE OF THE BOARD. THE BONUSES ARE COMPARED AGAINST MARKET DATA. |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MDFA REVENUE BONDS SERIES 2016 | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Issuer EIN | 043431814 | BondIssuerEIN |
| CUSIP | 57584XUU3 | CUSIPNum |
| Bond Issued | 2016-08-01 | BondIssuedDt |
| Issue Price | $182,938,090 | IssuePriceAmt |
| Purpose | REFUND SERIES 2007A/2013 BOCO DEBT | PurposeDesc |
| Defeased | 0 | DefeasedInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Pool Financing | 0 | PoolFinancingInd |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Retired | $16,198,008 | RetiredAmt |
| Total Proceeds | $182,938,090 | TotalProceedsAmt |
| Capitalized Interest | $234,313 | CapitalizedInterestAmt |
| Issuance Costs From Proceeds | $1,009,048 | IssuanceCostsFromProceedsAmt |
| Working Capital Expenditures | $27,018,542 | WorkingCapitalExpendituresAmt |
| Other Spent Proceeds | $154,676,187 | OtherSpentProceedsAmt |
| Substantial Completion | 2016 | SubstantialCompletionYr |
| Refunding Tax Exempt Bonds | Yes (1) | RefundingTaxExemptBondsInd |
| Refunding Taxable Bonds | Yes (1) | RefundingTaxableBondsInd |
| Final Allocation Made | Yes (1) | FinalAllocationMadeInd |
| Adequate Books And Rec Maint | Yes (1) | AdequateBooksAndRecMaintInd |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Owning Bond Financed Property | 0 | OwningBondFinancedPropertyInd |
| Any Lease Arrangements | Yes (1) | AnyLeaseArrangementsInd |
| Mgmt Contract Bond Fincd Prop | Yes (1) | MgmtContractBondFincdPropInd |
| Engage Bond Counsel Contracts | Yes (1) | EngageBondCounselContractsInd |
| Any Research Agreements | 0 | AnyResearchAgreementsInd |
| Private Bus Concerning UBI | 0.00910 | PrivateBusConcerningUBIPct |
| Total Private Business Use | 0.00910 | TotalPrivateBusinessUsePct |
| Bond Iss Meet Prvt Sec Pymt Test | 0 | BondIssMeetPrvtSecPymtTestInd |
| Change In Use Bond Financed Prop | 0 | ChangeInUseBondFinancedPropInd |
| Procs Nonqualified Bond Remdtd | Yes (1) | ProcsNonqualifiedBondRemdtdInd |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Form8038 T Filed | 0 | Form8038TFiledInd |
| Rebate Not Due Yet | 0 | RebateNotDueYetInd |
| Exception To Rebate | 0 | ExceptionToRebateInd |
| No Rebate Due | Yes (1) | NoRebateDueInd |
| Variable Rate Issue | 0 | VariableRateIssueInd |
| Hedge Identified In Bks And Rec | 0 | HedgeIdentifiedInBksAndRecInd |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGICInd |
| Gross Proceeds Invested | 0 | GrossProceedsInvestedInd |
| Written Proc To Monitor Reqs | Yes (1) | WrittenProcToMonitorReqsInd |
Procedures Corrective Action ProceduresCorrectiveActionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Procedures Corrective Action | Yes (1) | ProceduresCorrectiveActionInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART IV LINE 2C | REBATE COMPUTATION DATE NO REBATE IS DUE ON THE BOND ISSUES. THE COMPUTATION DATES WERE AS FOLLOWS: BOND ISSUE A: 05/31/2018 |
| PART V | PROCEDURES TO TAKE CORRECTIVE ACTION THE COLLEGE MONITORS THEIR TAX EXEMPT BONDS TO ENSURE THAT VIOLATIONS OF FEDERAL TAX REQUIREMENTS ARE TIMELY IDENTIFIED AND CORRECTED THROUGH THE VOLUNTARY CLOSING AGREEMENT PROGRAM IF SELF-REMEDIATION IS NOT AVAILABLE. |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp
Name Of Interested NameOfInterested
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BRUNO RABERG | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship Description | SPOUSE - M. HOWE, OFFICER | RelationshipDescriptionTxt |
| Transaction | $135,479 | TransactionAmt |
| Transaction | EMPLOYMENT - FAMILY MEMBER | TransactionDesc |
| Sharing Of Revenues | 0 | SharingOfRevenuesInd |
Schedule M IRS990ScheduleM
Other Non Cash Contri Table OtherNonCashContriTableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Desc | MUSICAL EQUIPMENT | Desc |
| Contribution | 10 | ContributionCnt |
| Noncash Contributions Rpt F990 | $102,329 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, COLUMN (B): | FormAndLineReferenceDesc |
| Explanation | CONTRIBUTIONS THE ORGANIZATION IS REPORTING THE NUMBER OF ITEMS RECEIVED. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | FAMILY RELATIONSHIPS EMILIO ESTEFAN AND GLORIA ESTEFAN HAVE A FAMILY RELATIONSHIP. |
| FORM 990, PART VI, SECTION B, LINE 11B | FORM 990 REVIEW PROCESS THE FORM 990 IS PREPARED AND REVIEWED BY THE CONTROLLER'S DEPARTMENT AND REVIEWED BY THE COLLEGE'S TAX ADVISORS. UPON COMPLETION, THE DRAFT FORM 990 IS DISTRIBUTED TO THE MEMBERS OF THE AUDIT & RISK COMMITTEE FOR THEIR REVIEW AND COMMENTS. ONCE THE DRAFT HAS BEEN REVIEWED BY THE COMMITTEE, THE FINAL FORM 990 IS DISTRIBUTED TO THE FULL BOARD PRIOR TO FILING WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | CONFLICT OF INTEREST POLICY THE PURPOSE OF THE CONFLICTS OF INTEREST POLICY IS TO PROTECT THE COLLEGE'S INTEREST WHEN IT IS ENTERING INTO A TRANSACTION OR ARRANGEMENT THAT MIGHT BENEFIT THE PRIVATE INTEREST OF AN INTERESTED PERSON. AN INTERESTED PERSON IS DEFINED AS ANY PERSON WHO IS OR WAS DURING THE PREVIOUS FIVE YEARS IN A POSITION TO EXERCISE SUBSTANTIAL INFLUENCE OVER THE COLLEGE'S AFFAIRS, INCLUDING ANY TRUSTEE, OFFICER, KEY EMPLOYEE OR MEMBER OF A COMMITTEE WITH BOARD-DELEGATED POWERS (EACH A FIDUCIARY). IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, A FIDUCIARY WILL DISCLOSE ALL MATERIAL FACTS TO THE PRESIDENT OR CHAIR AT THE EARLIEST POSSIBLE TIME AFTER THE CONFLICT OF INTEREST BECOMES KNOWN TO THE FIDUCIARY. ANY CONFLICT WILL BE MADE A MATTER OF RECORD THROUGH ANNUAL OR OTHER REPORTING AND CERTIFICATION PROCEDURE AS THE TRUSTEES REQUIRE FROM TIME TO TIME. AFTER DISCLOSURE OF THE CONFLICT OF INTEREST AND AFTER ANY DISCUSSION WITH THE RELEVANT FIDUCIARY, THE TRUSTEES SHALL FINALLY DETERMINE WHETHER ANY CONFLICT OF INTEREST EXISTS. IF A CONFLICT OF INTEREST IS DETERMINED TO EXIST, THE TRUSTEES MAY TAKE ACTIONS AS DEFINED IN THE BYLAWS OF THE COLLEGE. IF A CONFLICT WILL DETERMINED TO EXIST, THOSE WITH A CONFLICT OF INTEREST SHALL LEAVE THE MEETING DURING DISCUSSION OF ANY PROPOSED RELATIONSHIP IN WHICH THEY HAVE AN INTEREST. |
| FORM 990, PART VI, SECTION B, LINE 15 | COMPENSATION POLICY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES, SITTING AS THE COMPENSATION COMMITTEE, HAS THE AUTHORITY TO ESTABLISH FAIR AND APPROPRIATE COMPENSATION PACKAGES TO BE AWARDED TO THE PRESIDENT AND OTHER HIGHLY COMPENSATED ADMINISTRATORS OF THE COLLEGE. IN DETERMINING THE EXECUTIVE COMPENSATION PACKAGES, THE EXECUTIVE COMMITTEE CONSIDERS COMPARATIVE DATA, OBTAINED FROM PUBLISHED SOURCES OR A COMPENSATION CONSULTANT, REFLECTING THE COMPENSATION LEVELS AWARDED TO EQUIVALENTLY SITUATED INDIVIDUALS EMPLOYED BY COMPARABLE INSTITUTIONS. THE EXECUTIVE COMMITTEE REPORTS THE PROCESS AND AWARDING OF COMPENSATION PACKAGES TO THE BOARD OF TRUSTEES. WHEN THE COMPENSATION COMMITTEE IS MEETING, THE PRESIDENT DOES NOT PARTICIPATE. THE PROCESS FOR DETERMINING THE COMPENSATION OF BERKLEE COLLEGE OF MUSIC'S TOP MANAGEMENT OFFICIALS, INCLUDING THE PRESIDENT AND OTHER HIGHLY COMPENSATED ADMINISTRATORS OF THE COLLEGE, MEETS THE THREE REQUIREMENTS OF THE REBUTTABLE PRESUMPTION PROVISIONS UNDER TREAS. REG. 53.4958-6. FORM 990, PART VI, LINE 16B JOINT VENTURES BERKLEE COLLEGE OF MUSIC REVIEWS ITS PARTICIPATION IN JOINT VENTURE ARRANGEMENTS TO SAFEGUARD AND PROTECT ITS EXEMPT STATUS AND RETAINS LEGAL AND TAX ADVISORS AS NECESSARY. |
| FORM 990, PART VI, SECTION C, LINE 19 | PUBLIC DISCLOSURES THE COLLEGE MAKES THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON WRITTEN REQUEST. THE COLLEGE'S FORM 990 IS ALSO AVAILABLE ONLINE AT WWW.GUIDESTAR.ORG AND ON THE MASSACHUSETTS ATTORNEY GENERAL WEBSITE. |
| FORM 990, PART XI, LINE 9: | PENSION CHANGES 21,957,095. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (3 entries)
| Address Line1ForeignAddress/AddressLine1Txt | CityForeignAddress/CityNm | CountryForeignAddress/CountryCd | Foreign PostalForeignAddress/ForeignPostalCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile Foreign CountryLegalDomicileForeignCountryCd | Exempt Code SectionExemptCodeSectionTxt | Public Charity StatusPublicCharityStatusTxt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Controlled OrganizationControlledOrganizationInd | Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Legal Domicile StateLegalDomicileStateCd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BERKLEE VALENCIA SL | |||||||||||||||
| AVENIDA PROFESOR LOPEZ PIERO 1 | VALENCIA | SP | 46013 | 999999999 | EDUCATION | SP | N/A | N/A | BERKLEE US | Yes (1) | |||||
| THE BOSTON CONSERVATORY REALTY CORP | |||||||||||||||
| 263644206 | REAL ESTATE | 501(C)(3) | LINE 12A, I | BERKLEE US | Yes (1) | 8 THE FENWAY | BOSTON | MA | 02215 | MA | |||||
| THE BOSTON CONSERVATORY IPSWICH REALTY | |||||||||||||||
| 454795446 | REAL ESTATE | 501(C)(3) | LINE 12A, I | BERKLEE US | Yes (1) | 8 THE FENWAY | BOSTON | MA | 02215 | MA | |||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | Yes (1) | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | Yes (1) | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (2 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| BERKLEE VALENCIA SL | ||
| R | $8,401,545 | SEE PART VII |
| BERKLEE VALENCIA SL | ||
| D | $1,191,868 | SEE PART VII |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART V, LINE 2 | FormAndLineReferenceDesc |
| Explanation | THE METHOD FOR DETERMINING THE AMOUNT INVOLVED WAS COST OR CURRENCY CONVERSION. | ExplanationTxt |