NEW ENGLAND CONSERVATORY OF MUSIC: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- NEW ENGLAND CONSERVATORY OF MUSIC (EIN 23-7225104)
- Tax period
- 2023-07-01 to 2024-06-30
- Filed
- 2025-05-12
- IRS object ID
- 202541329349303234
- Schema version
- 2023v6.0
- 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 M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-05-12T12:32:39-05:00 | ReturnTs |
| Tax Period End | 2024-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 420714325 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RSM US LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 80 CITY SQUARE | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02129 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 237225104 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NEW ENGLAND CONSERVATORY OF MUSIC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | NEWE | BusinessNameControlTxt |
| Phone | 6175851725 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 290 HUNTINGTON AVENUE | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02115 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | EVELYN BARNES | PersonNm |
| Person Title | CHIEF FINANCIAL OFFICER | PersonTitleTxt |
| Phone | 6175851725 | PhoneNum |
| Signature | 2025-05-08 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | LYNNE JOHNSON | PreparerPersonNm |
| PTIN | P00757336 | PTIN |
| Phone | 6179129000 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | ANDREA KALYN | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 290 HUNTINGTON AVENUE | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02115 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $179,449,239 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.NECMUSIC.EDU | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1867 | FormationYr |
| Legal Domicile State | MA | LegalDomicileStateCd |
| Activity Or Mission | NEW ENGLAND CONSERVATORY OF MUSIC (NEC) EDUCATES AND TRAINS MUSICIANS OF ALL AGES FROM AROUND THE WORLD. | ActivityOrMissionDesc |
| Voting Members Governing Body | 27 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 27 | VotingMembersIndependentCnt |
| Total Employee | 1391 | TotalEmployeeCnt |
| Total Volunteers | 137 | TotalVolunteersCnt |
| Total Gross UBI | -$117,647 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $34,615,417 | PYContributionsGrantsAmt |
| CY Contributions Grants | $20,702,255 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $53,090,690 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $55,534,691 | CYProgramServiceRevenueAmt |
| PY Investment Income | $4,655,356 | PYInvestmentIncomeAmt |
| CY Investment Income | $4,007,951 | CYInvestmentIncomeAmt |
| PY Other Revenue | $121,659 | PYOtherRevenueAmt |
| CY Other Revenue | -$56,292 | CYOtherRevenueAmt |
| PY Total Revenue | $92,483,122 | PYTotalRevenueAmt |
| CY Total Revenue | $80,188,605 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $18,382,251 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $19,926,061 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $32,736,696 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $35,530,829 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $8,709 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $2,877,453 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $24,790,644 | PYOtherExpensesAmt |
| CY Other Expenses | $24,018,307 | CYOtherExpensesAmt |
| PY Total Expenses | $75,918,300 | PYTotalExpensesAmt |
| CY Total Expenses | $79,475,197 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $16,564,822 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $713,408 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $276,521,711 | TotalAssetsBOYAmt |
| Total Assets EOY | $290,282,506 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $43,573,697 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $43,214,974 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $232,948,014 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $247,067,532 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | NEW ENGLAND CONSERVATORY OF MUSIC (NEC) EDUCATES AND TRAINS MUSICIANS OF ALL AGES FROM AROUND THE WORLD. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $40,810,034 | ExpenseAmt |
| Grant | $19,337,254 | GrantAmt |
| Revenue | $43,815,442 | RevenueAmt |
| Desc | HIGHER EDUCATION: COLLEGE - MUSIC SCHOOL WITH PROGRAMS LEADING TO BACHELOR'S DEGREES, MASTER'S DEGREES, DOCTORAL DEGREES, AND DIPLOMAS. NEC'S ENROLLMENT IS COMPRISED OF APPROXIMATELY HALF UNDERGRADUATES AND HALF GRADUATE STUDENTS. (897 STUDENTS) | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $14,015,506 | ExpenseAmt |
| Revenue | $5,411,423 | RevenueAmt |
| Desc | STUDENT SERVICES PROGRAM, GENERAL/OTHER:RESIDENCE HALL/DINING - ALL FRESHMEN AND SOPHOMORES ARE HOUSED AND DINE IN THE NEC RESIDENCE HALL. THE CAFETERIA IS OPEN TO THE ENTIRE COMMUNITY. (230 STUDENTS)HEALTH SERVICES - ON-SITE STUDENT HEALTH CENTER PROVIDING ROUTINE AND URGENT CARE AND REFERRALS, STAFFED BY A PHYSICIAN AND NURSE PRACTITIONERS. SUPPORTED BY STUDENT MEDICAL FEES AND INSURANCE REIMBURSEMENTS.COUNSELING SERVICES - ON-SITE CENTER PROVIDING CONFIDENTIAL COUNSELING FOR STUDENTS, STAFFED BY A PSYCHIATRIST AND PROFESSIONAL COUNSELORS. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $6,902,477 | ExpenseAmt |
| Grant | $588,807 | GrantAmt |
| Revenue | $5,163,287 | RevenueAmt |
| Desc | PREPARATORY AND CONTINUING EDUCATION PROGRAMS: SCHOOL OF PREPARATORY AND CONTINUING EDUCATION - MUSIC INSTRUCTION FOR CHILDREN AGES 4-18 AND ADULTS NOT LEADING TO A SPECIFIC DEGREE. PRIVATE STUDIO LESSONS ARE OFFERED AS WELL AS ENSEMBLES AND CLASSES. 6% FINANCIAL AID IS PROVIDED BASED PRIMARILY ON NEED. (1,564 STUDENTS) | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $2,940,152 | ExpenseAmt |
| Revenue | $1,144,539 | RevenueAmt |
| Desc | CONCERTS AND HALL RENTALS: OTHER PROGRAM SERVICES INCLUDE EXPENSES RELATED TO OVER 1,000 FREE NEC CONCERTS PERFORMED BY STUDENTS, FACULTY AND GUEST ARTISTS PER YEAR AND EXPENSES FOR CONCERTS AT NEC PERFORMED BY OUTSIDE ORGANIZATIONS. THESE OUTSIDE ORGANIZATIONS PAY NEC HALL RENTAL FEES AND OTHER ASSOCIATED RENTAL COSTS, SUCH AS SECURITY AND LIGHTING/TECHNICAL SERVICES, RELATED TO THEIR PERFORMANCES. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $2,940,152 | TotalOtherProgSrvcExpenseAmt |
| Total Other Prog Srvc Revenue | $1,144,539 | TotalOtherProgSrvcRevenueAmt |
| Total Program Service Expenses | $64,668,169 | 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 | Yes (1) | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | 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 | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | 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 | 0 | 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 | Yes (1) | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | 0 | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 296 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 1391 | 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 | 0 | ForeignFinancialAccountInd |
| 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 | 27 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 27 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | 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 | 0 | 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 | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | MA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KATHLEEN DONAHUE CONTROLLER | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6175851725 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 290 HUNTINGTON AVENUE | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02115 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (38 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd |
|---|---|---|---|---|---|---|---|---|---|---|
| ATHANASIOU NIKOLAOS | ||||||||||
| BOARD TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| BAILEY ALLISON S | ||||||||||
| BOARD TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| BARTLETT ANNE A | ||||||||||
| BOARD TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| BEAL ENID L | ||||||||||
| BOARD TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| BECTON HENRY | ||||||||||
| BOARD TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| BERMONT BECKY | ||||||||||
| BOARD TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| BURNES KENNETT | ||||||||||
| BOARD TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| CHEN MEI-ANN | ||||||||||
| BOARD TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| ELFERS DEBORAH B | ||||||||||
| BOARD TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| ERLINGSSON UZOCHI N | ||||||||||
| BOARD TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| FULHAM TIMOTHY W | ||||||||||
| BOARD TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| GOLDENHEIM ANNA | ||||||||||
| BOARD TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| GRAVES JR EDWIN D | ||||||||||
| BOARD TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| GRAY ERIC A | ||||||||||
| BOARD TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| JONI SAJ-NICOLE A | ||||||||||
| BOARD TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| MCCASLIN KIMBERLY | ||||||||||
| BOARD TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| METCALFE MURRAY | ||||||||||
| BOARD TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| NICHOLS MARGARET H | ||||||||||
| BOARD TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| ROSS PETER | ||||||||||
| BOARD TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| RUBIN SALLY L | ||||||||||
| BOARD TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| SMITH CHAD | ||||||||||
| BOARD TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| WILKINS THOMAS A | ||||||||||
| BOARD TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| WILMERDING FRANCES B | ||||||||||
| BOARD TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| BLUMENTHAL THOMAS W | ||||||||||
| CHAIR OF THE BOARD OF TRUSTEES | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |||
| GLAUBER BARBARA W | ||||||||||
| VICE CHAIR | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |||
| HENDRIX BLAIR E | ||||||||||
| VICE CHAIR | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |||
| LODER JOHN M | ||||||||||
| BOARD TRUSTEE, SECRETARY | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |||
| KALYN ANDREA | ||||||||||
| PRESIDENT | 40.00 | 0.00 | $394,274 | $0 | $106,923 | Yes (X) | ||||
| BARNES EVELYN | ||||||||||
| CFO/TREASURER (FROM 4/29/24) | 40.00 | 0.00 | $0 | $0 | $0 | Yes (X) | ||||
| KELLY KATHLEEN | ||||||||||
| EXECUTIVE VICE PRESIDENT | 40.00 | 0.00 | $483,134 | $0 | $22,493 | Yes (X) | ||||
| SOSLAND BENJAMIN | ||||||||||
| PROVOST & DEAN OF FACULTY | 40.00 | 0.00 | $274,207 | $0 | $35,628 | Yes (X) | ||||
| WOODS HEATHER | ||||||||||
| VP & CHIEF INFORMATION OFFICER | 40.00 | 0.00 | $237,771 | $0 | $46,412 | Yes (X) | ||||
| WEILERSTEIN DONALD | ||||||||||
| COLLEGE FACULTY | 40.00 | 0.00 | $259,498 | $0 | $21,729 | Yes (X) | ||||
| EAGLEN LYSON JANE | ||||||||||
| COLLEGE FACULTY | 40.00 | 0.00 | $221,384 | $0 | $43,199 | Yes (X) | ||||
| KIM SOOVIN | ||||||||||
| COLLEGE FACULTY | 40.00 | 0.00 | $175,124 | $0 | $44,608 | Yes (X) | ||||
| KATZ PAUL | ||||||||||
| COLLEGE FACULTY | 40.00 | 0.00 | $179,628 | $0 | $19,298 | Yes (X) | ||||
| BISS MARIAM FRIED | ||||||||||
| COLLEGE FACULTY | 40.00 | 0.00 | $178,925 | $0 | $29,580 | Yes (X) | ||||
| SPINARD JOHN | ||||||||||
| FORMER CFO & TREASURER | 0.00 | 0.00 | $101,636 | $0 | $14,667 | Yes (X) | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $2,505,581 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $384,537 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 58 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (1) | 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 |
|---|---|---|---|---|---|
| CLIFTONLARSENALLEN LLP | |||||
| 220 S 6TH STREET SUITE 300 | MINNEAPOLIS | MN | 55402 | ACCOUNTING & ADVISORY SERVICES | $524,840 |
| QUARTERDECK LLC | |||||
| 2 HOLLY LANE | BARRINGTON | RI | 02806 | WEBSITE DESIGN AND MAINTENANCE | $483,703 |
| OMNIA GLOBAL PARTNERS | |||||
| 4563 EDEN BAY DRIVE | ST AUGUSTINE | FL | 32084 | PAYROLL CONSULTING SERVICES | $324,203 |
| BEST FIT EDUCATION LLC | |||||
| 25159 WHELLER ROAD | SANTA CLARITA | CA | 91321 | ENROLLMENT CONSULTING SERVICES | $189,544 |
| RSM US LLP | |||||
| 5155 PAYSPHERE CIRCLE | CHICAGO | IL | 60674 | TAX & AUDIT SERVICES | $166,100 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 9 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $1,193,890 | FundraisingAmt |
| Government Grants | $1,210,257 | GovernmentGrantsAmt |
| All Other Contributions | $18,298,108 | AllOtherContributionsAmt |
| Noncash Contributions | $1,825,118 | NoncashContributionsAmt |
| Total Contributions | $20,702,255 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| TUITION AND ACADEMIC F | 611710 | $46,259,673 | $46,259,673 |
| ROOM AND BOARD | 721310 | $4,904,860 | $4,904,860 |
| STUDENT HEALTH INSURAN | 524114 | $1,342,743 | $1,342,743 |
| HALL RENTALS | 532000 | $870,824 | $870,824 |
| NON-ACADEMIC FEES | 611710 | $837,829 | $837,829 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,318,762 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $1,318,762 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $55,534,691 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,123,582 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | -$114,021 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,237,603 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $15,095 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $15,095 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $15,095 | TotalRevenueColumnAmt |
| Exclusion | $15,095 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $101,941,250 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $99,036,449 | SecuritiesAmt |
| Other | $20,432 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $2,904,801 | SecuritiesAmt |
| Other | -$20,432 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,884,369 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | -$3,626 | UnrelatedBusinessRevenueAmt |
| Exclusion | $2,887,995 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $81,810 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $1,193,890 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $203,753 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$121,943 | TotalRevenueColumnAmt |
| Exclusion | -$121,943 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $15,154 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $0 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $15,154 | TotalRevenueColumnAmt |
| Exclusion | $15,154 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | ExclusionExclusionAmt |
|---|---|---|---|
| INSURANCE REFUND | 900099 | $16,190 | $16,190 |
| PUBLICATIONS | 900099 | $4,285 | $4,285 |
| OTHER SPECIAL EVENTS | 900099 | $4,250 | $4,250 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $10,677 | TotalRevenueColumnAmt |
| Exclusion | $10,677 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $35,402 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $80,188,605 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $55,534,691 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | -$117,647 | UnrelatedBusinessRevenueAmt |
| Exclusion | $4,069,306 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $19,926,061 | TotalAmt |
| Program Services | $19,926,061 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,654,417 | TotalAmt |
| Program Services | $309,447 | ProgramServicesAmt |
| Management And General | $839,958 | ManagementAndGeneralAmt |
| Fundraising | $505,012 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $27,710,193 | TotalAmt |
| Program Services | $23,374,380 | ProgramServicesAmt |
| Management And General | $2,990,574 | ManagementAndGeneralAmt |
| Fundraising | $1,345,239 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $919,677 | TotalAmt |
| Program Services | $741,759 | ProgramServicesAmt |
| Management And General | $119,969 | ManagementAndGeneralAmt |
| Fundraising | $57,949 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,132,410 | TotalAmt |
| Program Services | $2,370,097 | ProgramServicesAmt |
| Management And General | $464,126 | ManagementAndGeneralAmt |
| Fundraising | $298,187 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,114,132 | TotalAmt |
| Program Services | $1,705,138 | ProgramServicesAmt |
| Management And General | $275,783 | ManagementAndGeneralAmt |
| Fundraising | $133,211 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $334,090 | TotalAmt |
| Program Services | $10,883 | ProgramServicesAmt |
| Management And General | $316,982 | ManagementAndGeneralAmt |
| Fundraising | $6,225 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $152,557 | TotalAmt |
| Management And General | $152,557 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $573,232 | TotalAmt |
| Management And General | $573,232 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,372,556 | TotalAmt |
| Program Services | $2,117,176 | ProgramServicesAmt |
| Management And General | $2,060,300 | ManagementAndGeneralAmt |
| Fundraising | $195,080 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $95,166 | TotalAmt |
| Program Services | $36,655 | ProgramServicesAmt |
| Management And General | $43,261 | ManagementAndGeneralAmt |
| Fundraising | $15,250 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,083,311 | TotalAmt |
| Program Services | $1,868,928 | ProgramServicesAmt |
| Management And General | $136,203 | ManagementAndGeneralAmt |
| Fundraising | $78,180 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $122,042 | TotalAmt |
| Program Services | $64,361 | ProgramServicesAmt |
| Management And General | $57,681 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,838,842 | TotalAmt |
| Program Services | $3,104,069 | ProgramServicesAmt |
| Management And General | $726,791 | ManagementAndGeneralAmt |
| Fundraising | $7,982 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $747,247 | TotalAmt |
| Program Services | $466,495 | ProgramServicesAmt |
| Management And General | $113,998 | ManagementAndGeneralAmt |
| Fundraising | $166,754 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $118,175 | TotalAmt |
| Program Services | $65,511 | ProgramServicesAmt |
| Management And General | $30,356 | ManagementAndGeneralAmt |
| Fundraising | $22,308 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,016,760 | TotalAmt |
| Program Services | $989,869 | ProgramServicesAmt |
| Management And General | $24,336 | ManagementAndGeneralAmt |
| Fundraising | $2,555 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,423,840 | TotalAmt |
| Program Services | $5,733,769 | ProgramServicesAmt |
| Management And General | $656,725 | ManagementAndGeneralAmt |
| Fundraising | $33,346 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| STUDENT HEALTH AND FOOD | $3,197,806 | $1,437,401 | $1,760,405 | |
| BAD DEBT | $302,729 | $273,442 | $28,287 | $1,000 |
| PAYROLL PROCESSING | $194,828 | $194,828 | ||
| ATTRITION IN ENVIRONMEN | $41,670 | $41,670 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $403,456 | TotalAmt |
| Program Services | $72,728 | ProgramServicesAmt |
| Management And General | $321,553 | ManagementAndGeneralAmt |
| Fundraising | $9,175 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $79,475,197 | TotalAmt |
| Program Services | $64,668,169 | ProgramServicesAmt |
| Management And General | $11,929,575 | ManagementAndGeneralAmt |
| Fundraising | $2,877,453 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,746,205 | BOYAmt |
| EOY | $1,025,985 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,446,866 | BOYAmt |
| EOY | $22,097,424 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $594,160 | BOYAmt |
| EOY | $954,354 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,633,074 | BOYAmt |
| EOY | $1,218,454 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $602,439 | BOYAmt |
| EOY | $312,172 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $168,403,269 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $71,898,839 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $100,442,643 | BOYAmt |
| EOY | $96,504,430 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $23,126,527 | BOYAmt |
| EOY | $20,192,399 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $127,862,980 | BOYAmt |
| EOY | $144,295,282 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,066,817 | BOYAmt |
| EOY | $3,682,006 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $276,521,711 | BOYAmt |
| EOY | $290,282,506 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,044,605 | BOYAmt |
| EOY | $3,746,513 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,145,212 | BOYAmt |
| EOY | $1,299,188 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $30,098,452 | BOYAmt |
| EOY | $28,780,104 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,758,222 | BOYAmt |
| EOY | $6,807,675 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,527,206 | BOYAmt |
| EOY | $2,581,494 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $43,573,697 | BOYAmt |
| EOY | $43,214,974 | 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 | $74,940,769 | BOYAmt |
| EOY | $68,870,288 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $158,007,245 | BOYAmt |
| EOY | $178,197,244 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $232,948,014 | BOYAmt |
| EOY | $247,067,532 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $276,521,711 | BOYAmt |
| EOY | $290,282,506 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $713,408 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $13,084,695 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $321,415 | 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) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| 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 | $10,073,887 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $6,176,167 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $11,070,325 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $34,615,417 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $20,702,255 | CurrentTaxYearAmt |
| Total | $82,638,051 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $10,073,887 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $6,176,167 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $11,070,325 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $34,615,417 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $20,702,255 | CurrentTaxYearAmt |
| Total | $82,638,051 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $29,455,184 | SubstantialContributorsTotAmt |
| Public Support Total170 | $53,182,867 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $123,649 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $71,189 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | -$140,382 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $743,746 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,252,698 | CurrentTaxYearAmt |
| Total | $2,050,900 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | $39,531 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $281,845 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $60,438 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $0 | CurrentTaxYearAmt |
| Total | $381,814 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $144,231 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $201,495 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $579,211 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $307,146 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $132,366 | CurrentTaxYearAmt |
| Total | $1,364,449 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $86,435,214 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $254,262,927 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.61530 | PublicSupportCY170Pct |
| Public Support PY170 | 0.60340 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE A, PART 1: | FormAndLineReferenceDesc |
| Explanation | NEC IS BROADLY SUPPORTED IN NATURE AND IS DEEMED TO MEET THE 33 1/3% SUPPORT PUBLIC SUPPORT TEST UNDER CURRENT GUIDANCE. SINCE NEC USES THE SPECIAL RULE BASED ON MEETING THE 33 1/3% SUPPORT TEST ON SCHEDULE B, NEC IS REQUIRED TO DISCLOSE THE PART II, SUPPORT SCHEDULE FOR ORGANIZATIONS DESCRIBED IN SECTIONS 170(B)(1)(A)(IV) AND 170(B)(1)(A)(VI). | ExplanationTxt |
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) |
|---|---|---|
| Collection Used Pub Exhibition | Yes (X) | CollectionUsedPubExhibitionInd |
| Coll Used Scholarly Rsrch | Yes (X) | CollUsedScholarlyRsrchInd |
| Collection Used Preservation | Yes (X) | CollectionUsedPreservationInd |
| Coll Used Loan Or Exch Prog | Yes (X) | CollUsedLoanOrExchProgInd |
| Solicited Assets Sale | Yes (1) | SolicitedAssetsSaleInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $150,989,507 | BeginningYearBalanceAmt |
| Contributions | $4,136,504 | ContributionsAmt |
| Investment Earnings Or Losses | $16,415,312 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $3,190,091 | GrantsOrScholarshipsAmt |
| Other Expenditures | $3,863,551 | OtherExpendituresAmt |
| End Year Balance | $164,487,681 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $138,423,418 | BeginningYearBalanceAmt |
| Contributions | $13,672,533 | ContributionsAmt |
| Investment Earnings Or Losses | $5,327,245 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $2,967,807 | GrantsOrScholarshipsAmt |
| Other Expenditures | $3,229,193 | OtherExpendituresAmt |
| Administrative Expenses | $236,689 | AdministrativeExpensesAmt |
| End Year Balance | $150,989,507 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $154,798,642 | BeginningYearBalanceAmt |
| Contributions | $573,343 | ContributionsAmt |
| Investment Earnings Or Losses | -$10,914,345 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $2,906,578 | GrantsOrScholarshipsAmt |
| Other Expenditures | $2,845,144 | OtherExpendituresAmt |
| Administrative Expenses | $282,500 | AdministrativeExpensesAmt |
| End Year Balance | $138,423,418 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $119,213,753 | BeginningYearBalanceAmt |
| Contributions | $822,528 | ContributionsAmt |
| Investment Earnings Or Losses | $40,587,444 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $2,805,870 | GrantsOrScholarshipsAmt |
| Other Expenditures | $2,755,796 | OtherExpendituresAmt |
| Administrative Expenses | $263,417 | AdministrativeExpensesAmt |
| End Year Balance | $154,798,642 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $122,469,876 | BeginningYearBalanceAmt |
| Contributions | $784,577 | ContributionsAmt |
| Investment Earnings Or Losses | $1,699,410 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $2,806,019 | GrantsOrScholarshipsAmt |
| Other Expenditures | $2,694,137 | OtherExpendituresAmt |
| Administrative Expenses | $239,954 | AdministrativeExpensesAmt |
| End Year Balance | $119,213,753 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.13000 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.84000 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.03000 | 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 | $1,269,497 | OtherCostOrOtherBasisAmt |
| Book Value | $1,269,497 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $137,924,691 | OtherCostOrOtherBasisAmt |
| Depreciation | $56,930,727 | DepreciationAmt |
| Book Value | $80,993,964 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $27,626,176 | OtherCostOrOtherBasisAmt |
| Depreciation | $14,968,112 | DepreciationAmt |
| Book Value | $12,658,064 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,582,905 | OtherCostOrOtherBasisAmt |
| Book Value | $1,582,905 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $96,504,430 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (49 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| ACRM FEEDER FUND IV LTD | $860,435 | F |
| BAIN CAPITAL FUND XI | $621,642 | F |
| BAUPOST VALUE PARTNERS IV, LP | $8,104,976 | F |
| BAYVIEW MSR OPPORTUNITY OFFSHORE, L.P. | $425,789 | F |
| BAYVIEW OPPORTUNITY FUND VII, L.P. | $890,864 | F |
| BLUE TORCH CREDIT OPPORTUNITIES | $737,017 | F |
| BLUE TORCH OFFSHORE CREDIT OPPORTUNITIES FUND II | $184,528 | F |
| CAPITAL TODAY CHINA GROWTH FUND, II | $536,417 | F |
| COMMONFUND CAPITAL PARTNERS 2000, LP | $11,990 | F |
| DEERFIELD HEALTHCARE INNOVATIONS FUND III-A LP | $5,400 | F |
| DEERFIELD PARTNERS, LP | $676,222 | F |
| DOVER STREET IX | $590,003 | F |
| DOVER STREET VIII | $33,591 | F |
| DOVER STREET X FEEDER FUND | $1,797,181 | F |
| ELLINGTON STRATEGIC MORTGAGE FUND, L.P. | $3,322,446 | F |
| FISHER LYNCH VENTURE PARTNERSHIP II-A, L.P. | $2,178,079 | F |
| GOLDENTREE HIGH YIELD VALUE FUND | $3,077,099 | F |
| HARRISON STREET CORE PROPERTY FUND, L.P | $936,233 | F |
| HIGHBAR PARTNERS III | $813,270 | F |
| HIGHLAND CAPITAL PARTNERS 10 | $1,158,810 | F |
| HIGHLAND CAPITAL PARTNERS 9-B LP | $380,812 | F |
| HIGHLAND CAPITAL PARTNERS VIII-B LP | $660,648 | F |
| HILDENE INSURANCE HOLDINGS, LLC | $420,000 | F |
| HILDENE OPPORTUNITIES OFFSHORE FUND, LTD. | $811,167 | F |
| HRJ SPECIAL OPPORTUNITIES FUND II (INTERNATIONAL) | $273 | F |
| HRJ SPECIAL OPPORTUNITIES FUND II (US) | $153,489 | F |
| KABOUTER INTERNATIONAL MISSION FUND LLC | $1 | F |
| KKR ENHANCED US DIRECT LENDING FEEDER | $438,466 | F |
| KKR GLOBAL CREDIT OPPORTUNITIES FUND LP | $1,863,873 | F |
| KLINE HILL PARTNERS FUND II LP | $346,409 | F |
| MIT PRIVATE EQUITY FUND III | $881,647 | F |
| OBVIOUS GROWTH I LP | $958,887 | F |
| OHA EUROPEAN STRATEGIC CREDIT FUND (OFF SHORE) | $6,427 | F |
| PARK STREET CAPITAL PRIVATE EQUITY FUND IX, LP | $478,786 | F |
| PRISA LP | $2,479,946 | F |
| SBS-1, A SERIES OF STRATEGIC BUYOUT SERIES FUND, L.P. | $1,601,603 | F |
| SBS-2, A SERIES OF STRATEGIC BUYOUT SERIES FUND, L.P. | $473,392 | F |
| SBS-3, A SERIES OF STRATEGIC BUYOUT SERIES FUND, L.P. | $44,919 | F |
| SEAMANS GLOBAL OPPORTUNITIES FUND, LLC | $8,848 | F |
| SRS-1, A SERIES OF STRATEGIC REAL ESTATE SERIES FUND, L.P. | $95,960 | F |
| STRATEGIC DEVELOPED MARKETS EX-U.S. EQUITY TRUST | $20,612,042 | F |
| STRATEGIC EMERGING MARKETS EQUITY TRUST | $14,704,426 | F |
| STRATEGIC FUNDS SPC ALPHA SEGREGATED PORTFOLIO | $23,484,600 | F |
| STRATEGIC GLOBAL EQUITY TRUST | $11,137,709 | F |
| STRATEGIC U.S. EQUITY TRUST | $32,991,778 | F |
| SVS-1, A SERIES OF STRATEGIC VENTURE SERIES FUND, L.P. | $208,792 | F |
| SVS-2, A SERIES OF STRATEGIC VENTURE SERIES FUND, L.P. | $185,600 | F |
| TCW DIRECT LENDING VIII LLC | $617,454 | F |
| TRUEBRIDGE-KAUFFMAN FELLOWS ENDOWMENT FUND II, LP | $1,285,336 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $144,295,282 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| PERKINS LOAN REFUNDABLE ADVANCES | $1,376,155 |
| PLANNED GIVING LIABILITY | $465,769 |
| FINANCE LEASE LIABILITY | $739,570 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $2,581,494 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $73,256,505 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $13,084,695 | NetUnrealizedGainsInvstAmt |
| Other Revenue | -$20,220,548 | OtherRevenueAmt |
| Revenue Not Reported | -$7,135,853 | RevenueNotReportedAmt |
| Revenue Subtotal | $80,392,358 | RevenueSubtotalAmt |
| Other Revenues Not Included | -$203,753 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | -$203,753 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $80,188,605 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $59,136,987 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $203,753 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $203,753 | ExpensesNotReportedAmt |
| Expenses Subtotal | $58,933,234 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $573,232 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $19,968,731 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $20,541,963 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $79,475,197 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART III, LINE 1A: | THE CONSERVATORY MAINTAINS COLLECTIONS OF HISTORICAL INSTRUMENTS, ART, VOCAL SCORES, RECORDINGS, AND LITERARY WORKS. THESE COLLECTIONS ARE PROTECTED AND PRESERVED FOR PUBLIC EXHIBITION, EDUCATION, RESEARCH, AND THE FURTHERANCE OF PUBLIC SERVICE. THEY ARE NEITHER DISPOSED OF FOR FINANCIAL GAIN NOR ENCUMBERED IN ANY MANNER. ACCORDINGLY, THESE COLLECTIONS ARE NOT CAPITALIZED FOR FINANCIAL STATEMENT PURPOSES. PROCEEDS FROM DEACCESSIONS OR INSURANCE RECOVERIES ARE REFLECTED AS INCREASES IN THE APPROPRIATE NET ASSET CLASS. |
| PART III, LINE 4: | NEC'S HISTORICAL INSTRUMENTS ARE EXHIBITED AS ART OBJECTS ON CAMPUS. NEC'S RARE BOOKS, RECORDINGS AND LETTERS ARE PART OF ITS LIBRARY HOLDINGS, AVAILABLE FOR RESEARCH BY NEC STUDENTS AND STAFF AS WELL AS OTHERS FROM THE COMMUNITY. |
| PART V, LINE 4: | ENDOWMENT REVENUE IS USED TO SUPPORT PROGRAM-RELATED ACTIVITIES. |
| PART X, LINE 2: | THE CONSERVATORY RECOGNIZES THE FINANCIAL STATEMENT BENEFIT OF A TAX POSITION ONLY AFTER DETERMINING THAT THE RELEVANT TAX AUTHORITY WOULD MORE LIKELY THAN NOT SUSTAIN THE POSITION FOLLOWING AN AUDIT. TAX POSITIONS FOR THE OPEN TAX YEARS AS OF JUNE 30, 2024, WERE REVIEWED, AND IT WAS DETERMINED THAT NO PROVISION FOR UNCERTAIN TAX POSITIONS WAS REQUIRED AS OF JUNE 30, 2024 OR 2023. MANAGEMENT BELIEVES THAT THE CONSERVATORY'S FEDERAL AND STATE RETURNS ARE GENERALLY OPEN FOR EXAMINATION FOR THREE YEARS FOLLOWING THE DATE FILED. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | CHANGE IN VALUE OF PLANNED GIVING NET ASSETS 321,415. ATTRITION IN ENVIRONMENTAL LIABILITY -41,670. TUITION & DORM SCHOLARSHIP -19,926,061. INVESTMENT MANAGEMENT FEES INCLUDED IN INVESTMENT RETURNS -573,232. BAD DEBT EXPENSE -1,000. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | FUNDRAISING EVENTS EXPENSES REPORTED ON FORM 990, PART VIII, LINE 8B -203,753. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | FUNDRAISING EVENTS EXPENSES REPORTED ON FORM 990, PART VIII, LINE 8B 203,753. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | TUITION & DORM SCHOLARSHIP 19,926,061. ATTRITION IN ENVIRONMENTAL LIABILITY 41,670. BAD DEBT EXPENSES 1,000. |
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 | NEC INCLUDES ITS NONDISCRIMINATION POLICY IN BROCHURES, CATALOGUES, AND COMPARABLE MATERIALS RELATED TO STUDENT ADMISSIONS, PROGRAMS, AND SCHOLARSHIPS TO COMPLY WITH THE PUBLICITY REQUIREMENT. NEC STUDENTS COME FROM AROUND THE WORLD, AND, AS SUCH, FOLLOWS THIS NONDISCRIMINATION POLICY. |
| SCHEDULE E, PART I, LINE 6 | US DEPARTMENT OF EDUCATION STUDENT GRANTS AND LOANS $6,330,724, MASSACHUSETTS EMERGENCY MANAGEMENT AGENCY $772,962, MASSACHUSETTS CULTURAL COUNCIL $36,000, COLLEGE WORK STUDY PROGRAM $401,296 |
Schedule F IRS990ScheduleF
Account Activities Outside US AccountActivitiesOutsideUSGrp (3 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Specific Services ProvidedSpecificServicesProvidedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|---|
| EUROPE (INCLUDING ICELAND & GREENLAND) | 0 | 1 | PROGRAM SERVICES | ACADEMIC ACTIVITIES | $109,057 |
| NORTH AMERICA | 0 | 1 | PROGRAM SERVICES | ACADEMIC ACTIVITIES | $102,500 |
| CENTRAL AMERICA AND THE CARIBBEAN | INVESTMENTS | $36,195,111 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 2 | SubtotalEmployeesCnt |
| Continuation Total Office | 0 | ContinuationTotalOfficeCnt |
| Continuation Total Employee | 0 | ContinuationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 2 | TotalEmployeeCnt |
| Subtotal Spent | $36,406,668 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $36,406,668 | 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 | 0 | BoycottCountriesInd |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | GALA | Event1Nm |
| Gross Receipts Event1 | $1,275,700 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $1,193,890 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $81,810 | GrossRevenueEvent1Amt |
| Food And Beverage Event1 | $73,287 | FoodAndBeverageEvent1Amt |
| Entertainment Event1 | $30,558 | EntertainmentEvent1Amt |
| Other Direct Expenses Event1 | $99,908 | OtherDirectExpensesEvent1Amt |
| Gross Receipts Total | $1,275,700 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $1,193,890 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $81,810 | GrossRevenueTotalEventsAmt |
| Food And Beverage Total Events | $73,287 | FoodAndBeverageTotalEventsAmt |
| Entertainment Total Events | $30,558 | EntertainmentTotalEventsAmt |
| Oth Direct Expnss Total Events | $99,908 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $203,753 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$121,943 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | SCHOLARSHIP AND OTHER FINANCIAL AID | GrantTypeTxt |
| Recipient | 843 | RecipientCnt |
| Cash Grant | $19,926,061 | CashGrantAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE AWARDING OF STUDENT FINANCIAL AID GRANTS UNDER THE U.S. DEPARTMENT OF EDUCATION'S STUDENT FINANCIAL ASSISTANCE PROGRAM IS MONITORED BY NEC'S FINANCIAL AID OFFICE, WHICH ENSURES THAT NEC MEETS THE COMPLIANCE REQUIREMENTS OF TITLE 2 U.S. CODE OF FEDERAL REGULATIONS (CFR) PART 200. NEC'S FINANCIAL AID OFFICE AND BUSINESS OFFICE ARE RESPONSIBLE FOR ESTABLISHING AND MAINTAINING EFFECTIVE INTERNAL CONTROLS OVER COMPLIANCE WITH THE REQUIREMENTS OF LAWS, REGULATIONS, CONTRACTS, AND GRANTS APPLICABLE TO FEDERAL PROGRAMS. ONLY CURRENT NEC STUDENTS IN GOOD STANDING ARE PROVIDED SCHOLARSHIP GRANTS OR OTHER FINANCIAL ASSISTANCE. GRANTS AND ASSISTANCE TO NEC COLLEGE STUDENTS ARE IN THE FORM OF INSTITUTIONAL SCHOLARSHIPS. ALL COLLEGE SCHOLARSHIPS ARE ADMINISTERED THROUGH NEC'S FINANCIAL AID SYSTEM. INSTITUTIONAL SCHOLARSHIPS ARE CREDITED TO THE STUDENT'S INTERNAL TUITION ACCOUNT AND REPRESENT AN OFFSET TO TUITION AND OTHER FEES ASSESSED BY NEC. PREPARATORY PROGRAM, CONTINUING EDUCATION PROGRAM AND SUMMER SESSION SCHOLARSHIPS ARE TRACKED SEPARATELY AND ADMINISTERED THROUGH NEC'S STUDENT BILLING SYSTEM. PREPARATORY PROGRAM, CONTINUING EDUCATION PROGRAM AND SUMMER SESSION SCHOLARSHIPS ARE CREDITED TO THE STUDENT'S INTERNAL TUITION ACCOUNT AND REPRESENT AN OFFSET TO TUITION AND OTHER FEES ASSESSED BY NEC. GRANTS AND ASSISTANCE TO NEC STAFF AND THEIR ELIGIBLE SPOUSES AND DEPENDENTS ARE IN THE FORM OF STAFF TUITION WAIVERS, PURSUANT TO A WRITTEN BENEFITS PLAN. STAFF TUITION WAIVERS ARE ADMINISTERED THROUGH THE CONSERVATORY'S BENEFITS SYSTEM AND, LIKE INSTITUTIONAL SCHOLARSHIPS FOR STUDENTS, ARE CREDITED TO THE INDIVIDUAL'S INTERNAL ACCOUNT TO OFFSET TUITION CHARGES. ALL STUDENTS RECEIVING SCHOLARSHIPS AND FELLOWSHIPS ARE JUDGED WORTHY BY THE INSTITUTION'S ASSESSMENT ON THE BASIS OF ACADEMIC ACHIEVEMENT, FINANCIAL NEED AND OTHER SIMILAR STANDARDS. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | 0 | SubstantiationRequiredInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | 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 (10 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| KELLY KATHLEEN | ||||||||||||||
| EXECUTIVE VICE PRESIDENT | $432,699 | $0 | $50,000 | $0 | $435 | $0 | $16,955 | $0 | $5,538 | $0 | $505,627 | $0 | $0 | $0 |
| KALYN ANDREA | ||||||||||||||
| PRESIDENT | $393,550 | $0 | $0 | $0 | $724 | $0 | $17,846 | $0 | $89,077 | $0 | $501,197 | $0 | $0 | $0 |
| SOSLAND BENJAMIN | ||||||||||||||
| PROVOST & DEAN OF FACULTY | $273,819 | $0 | $0 | $0 | $388 | $0 | $12,192 | $0 | $23,436 | $0 | $309,835 | $0 | $0 | $0 |
| WOODS HEATHER | ||||||||||||||
| VP & CHIEF INFORMATION OFFICER | $237,519 | $0 | $0 | $0 | $252 | $0 | $10,601 | $0 | $35,811 | $0 | $284,183 | $0 | $0 | $0 |
| WEILERSTEIN DONALD | ||||||||||||||
| COLLEGE FACULTY | $258,777 | $0 | $0 | $0 | $721 | $0 | $9,933 | $0 | $11,796 | $0 | $281,227 | $0 | $0 | $0 |
| EAGLEN LYSON JANE | ||||||||||||||
| COLLEGE FACULTY | $210,526 | $0 | $0 | $0 | $10,858 | $0 | $9,595 | $0 | $33,604 | $0 | $264,583 | $0 | $0 | $0 |
| KIM SOOVIN | ||||||||||||||
| COLLEGE FACULTY | $164,914 | $0 | $0 | $0 | $10,210 | $0 | $7,876 | $0 | $36,732 | $0 | $219,732 | $0 | $0 | $0 |
| BISS MARIAM FRIED | ||||||||||||||
| COLLEGE FACULTY | $177,644 | $0 | $0 | $0 | $1,281 | $0 | $8,169 | $0 | $21,411 | $0 | $208,505 | $0 | $0 | $0 |
| KATZ PAUL | ||||||||||||||
| COLLEGE FACULTY | $179,628 | $0 | $0 | $0 | $0 | $0 | $8,279 | $0 | $11,019 | $0 | $198,926 | $0 | $0 | $0 |
| SPINARD JOHN | ||||||||||||||
| FORMER CFO & TREASURER | $101,362 | $0 | $0 | $0 | $274 | $0 | $3,808 | $0 | $10,859 | $0 | $116,303 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 1A | A $61,175 HOUSING BENEFIT WAS PROVIDED TO PRESIDENT, ANDREA KALYN. A $10,000 ANNUAL HOUSING ALLOWANCE WAS PROVIDED TO FACULTY MEMBER, JANE LYSON. A $10,000 ANNUAL HOUSING ALLOWANCE WAS PROVIDED TO FACULTY MEMBER, SOOVIN KIM. THE HOUSING ALLOWANCES WERE REPORTED AS TAXABLE COMPENSATION. |
| PART I, LINE 7 | KATHLEEN KELLY'S BONUS IS CONTINGENT ON MEETING CERTAIN GOALS AS DETERMINED BY THE BOARD OF TRUSTEES. |
| SCHEDULE J, PART II: | COMPENSATION REPORTED ON THIS SCHEDULE IS DERIVED FROM THE CALENDAR YEAR W-2S AND IS NOT REFLECTIVE OF FISCAL YEAR COMPENSATION. DUE TO THE TIMING OF CONTRACT NEGOTIATIONS RELATED TO ORGANIZATIONAL RESTRUCTURING, SALARY AND BONUS COMPENSATION REPORTED HERE FOR THE EXECUTIVE VICE PRESIDENT INCLUDES RETROACTIVE PAY FROM THE PREVIOUS FISCAL YEAR. |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (2 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|
| MASS DEVELOPMENT FINANCE AGENCY | |||||||
| A | 043431814 | 2014-06-30 | $23,685,000 | REFUNDING SERIES 2008 BONDS | 0 | 0 | 0 |
| MASS DEVELOPMENT FINANCE AGENCY | |||||||
| B | 043431814 | 2015-11-17 | $16,050,000 | CAPITAL EXPENDITURES | 0 | 0 | 0 |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (2 entries)
| Bond ReferenceBondReferenceCd | RetiredRetiredAmt | Total ProceedsTotalProceedsAmt | Refunding EscrowRefundingEscrowAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Refunding Tax Exempt BondsRefundingTaxExemptBondsInd | Refunding Taxable BondsRefundingTaxableBondsInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd | Capitalized InterestCapitalizedInterestAmt | Capital ExpendituresCapitalExpendituresAmt | Other Spent ProceedsOtherSpentProceedsAmt | Substantial CompletionSubstantialCompletionYr |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A | $7,665,000 | $23,685,000 | $23,389,001 | $295,999 | Yes (1) | Yes (1) | Yes (1) | Yes (1) | ||||
| B | $2,923,969 | $16,050,000 | $285,794 | 0 | 0 | Yes (1) | Yes (1) | $699,869 | $15,024,817 | $39,520 | 2017 |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (2 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Any Research AgreementsAnyResearchAgreementsInd | Private Bus Use By OthersPrivateBusUseByOthersPct | Private Bus Concerning UBIPrivateBusConcerningUBIPct | Total Private Business UseTotalPrivateBusinessUsePct | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropPct | Remedial Action TakenRemedialActionTakenInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 0 | 0 | 0.00000 | 0.00000 | 0.00000 | 0 | Yes (1) | 0.11540 | Yes (1) | Yes (1) |
| B | 0 | 0 | 0 | 0 | 0.00000 | 0.00000 | 0.00000 | 0 | 0 | Yes (1) |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (2 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | Rebate Not Due YetRebateNotDueYetInd | Exception To RebateExceptionToRebateInd | No Rebate DueNoRebateDueInd | Variable Rate IssueVariableRateIssueInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd |
|---|---|---|---|---|---|---|---|---|---|
| A | 0 | Yes (1) | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) |
| B | 0 | Yes (1) | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) |
Procedures Corrective Action ProceduresCorrectiveActionGrp (2 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | Yes (1) |
| B | Yes (1) |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART III, LINE 8: | FormAndLineReferenceDesc |
| Explanation | ON MARCH 9, 2016, $2,595,000 OF THE SERIES 2014 BONDS WERE REMEDIATED IN CONNECTION WITH THE SALE OF 295 HUNTINGTON AVENUE (THE REMEDIATED BONDS). THE REMEDIATED BONDS WERE REPURPOSED TO FUND THE STUDENT LIFE AND PERFORMANCE CENTER PROJECT. ALL OTHER TERMS OF THE REMEDIATED BONDS REMAIN THE SAME AS THOSE FOR THE SERIES 2014 BONDS. THE SERIES 2014 BONDS AND THE SERIES 2015 BONDS (THE BONDS) BEAR INTEREST AT A FIXED RATE OF 2.34%. PRINCIPAL AND INTEREST ON THE BONDS IS PAYABLE MONTHLY. | ExplanationTxt |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 53 | ContributionCnt |
| Noncash Contributions Rpt F990 | $1,762,618 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
Other Non Cash Contri Table OtherNonCashContriTableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Desc | INSTRUMENTS | Desc |
| Contribution | 3 | ContributionCnt |
| Noncash Contributions Rpt F990 | $62,500 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 3 | Form8283ReceivedCnt |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | Yes (1) | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, COLUMN (B): | NEC IS REPORTING A COMBINATION OF BOTH THE NUMBER OF CONTRIBUTIONS AND THE NUMBER OF ITEMS RECEIVED. LINE 9, SECURITIES PUBLICLY TRADED: THE NUMBER OF CONTRIBUTIONS ARE REPORTED. LINE 25, INSTRUMENTS: THE NUMBER OF ITEMS ARE REPORTED. |
| PART I, LINE 32B: | UBS IS THE STOCK BROKER TO WHICH NEC DIRECTS DONORS WHO WOULD LIKE TO MAKE STOCK GIFTS TO THE ORGANIZATION. UBS ACCEPTS AND LIQUIDATES EACH STOCK GIFT AND SENDS THE PROCEEDS TO NEC. CAR PROGRAM INC. IS USED BY NEC TO BROKER VEHICLE DONATIONS. HOWEVER, NO VEHICLE DONATIONS WERE RECEIVED IN THE CURRENT TAX YEAR. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11B | NEC'S BOARD OF TRUSTEES VOTED TO DELEGATE REVIEW AND APPROVAL OF THE FORM 990 TO THE AUDIT, RISK, AND COMPLIANCE COMMITTEE. THE COMMITTEE RECEIVES A COPY OF THE DRAFT FORM 990 (WITH NAMES REDACTED ON SCHEDULE B) PRIOR TO THE MEETING DURING WHICH THEY REVIEW THE FORM 990. AT THE MEETING, MEMBERS OF THE COMMITTEE RECEIVE A PRESENTATION ON THE FORM 990 FROM MANAGEMENT AND PROVIDE INPUT TO THE FORM 990. IN ADDITION, NEC HAS TAX ADVISORS FROM A NATIONAL ACCOUNTING FIRM REVIEW THE FORM 990. A FINAL COPY OF THE FORM 990 (WITHOUT SCHEDULE B) IS PROVIDED TO ALL TRUSTEES PRIOR TO ELECTRONICALLY FILING THE RETURN. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE CONFLICT OF INTEREST POLICY AND DISCLOSURE STATEMENT IS DISTRIBUTED TO OFFICERS, TRUSTEES AND KEY EMPLOYEES ANNUALLY. ALL OF THESE INDIVIDUALS ARE ASKED TO COMPLETE THE STATEMENT FOR THE PAST FISCAL YEAR AND DISCLOSE ANY CONFLICTS OF INTEREST IN WRITING. THE POLICY ALSO INDICATES THAT OFFICERS, TRUSTEES AND KEY EMPLOYEES ARE REQUIRED TO MAKE CONFLICT OF INTEREST DISCLOSURES AT ANY TIME DURING THE YEAR THAT THEY BECOME AWARE OF A CONFLICT OF INTEREST. THESE CONFLICTS ARE REVIEWED BY THE CFO AS WELL AS THE AUDIT, RISK, AND COMPLIANCE COMMITTEE AND DISCLOSED WITHIN THE ANNUAL FINANCIAL REPORT IF MATERIAL AND ON FORM 990 IF THEY MEET THE STATED IRS THRESHOLDS. INDIVIDUALS WHO HAVE CONFLICTS OF INTEREST OR ARE OTHERWISE NOT INDEPENDENT FROM NEC DUE TO A BUSINESS RELATIONSHIP OR RECEIVING COMPENSATION FROM NEC RECUSE THEMSELVES FROM BOARD OF TRUSTEES VOTES ON MATTERS HAVING TO DO WITH THEIR TRANSACTIONS OR COMPENSATION. |
| FORM 990, PART VI, SECTION B, LINE 15 | OFFICER AND KEY EMPLOYEE COMPENSATION IS REVIEWED BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES, WHICH HIRES AN INDEPENDENT COMPENSATION CONSULTANT PERIODICALLY TO COMPARE OFFICER AND KEY EMPLOYEE COMPENSATION AGAINST INDUSTRY DATA FOR SIMILARLY QUALIFIED PEOPLE, IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILAR ORGANIZATIONS. OFFICERS AND KEY EMPLOYEES' COMPENSATION PACKAGES ARE ALSO APPROVED BY THE BOARD OF TRUSTEES' COMPENSATION COMMITTEE, WHICH IS COMPRISED OF INDIVIDUALS WITHOUT ANY CONFLICTS OF INTEREST WITH RESPECT TO THE COMPENSATION, AND THE DELIBERATIONS AND DECISIONS ARE DOCUMENTED CONTEMPORANEOUSLY AS PART OF THE COMMITTEE'S MEETINGS. |
| FORM 990, PART VI, SECTION C, LINE 19 | NEC'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND PUBLIC DISCLOSURE COPY OF THE FORM 990 ARE AVAILABLE TO THE PUBLIC UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). NEC'S FINANCIAL STATEMENTS ARE AVAILABLE ON THE INSTITUTION'S WEBSITE. |
| FORM 990, PART XI, LINE 9: | CHANGE IN VALUE OF PLANNED GIVING NET ASSETS 321,415. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MEASURE FOR MEASURE LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1209 ORANGE STREET | AddressLine1Txt |
| City | WILMINGTON | CityNm |
| State Abbreviation | DE | StateAbbreviationCd |
| ZIP | 19801 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 237325104 | EIN |
| Primary Activities | TO ACQUIRE & SELL DONATED ASSETS ON BEHALF OF NEC. | PrimaryActivitiesTxt |
| Legal Domicile State | DE | LegalDomicileStateCd |
| Total Income | $0 | TotalIncomeAmt |
| End Of Year Assets | $0 | EndOfYearAssetsAmt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NEW ENGLAND CONSERVATORY OF MUSIC | BusinessNameLine1Txt |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (3 entries)
| Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|
| CHARITABLE REMAINDER TRUSTS (5) | |||
| INVESTMENT | MA | NEW ENGLAND CONSERVATORY OF MUSIC | Yes (1) |
| GIFT ANNUITIES (25) | |||
| INVESTMENT | MA | NEW ENGLAND CONSERVATORY OF MUSIC | Yes (1) |
| CHARITABLE LEAD ANNUITY (1) | |||
| INVESTMENT | MA | NEW ENGLAND CONSERVATORY OF MUSIC | Yes (1) |
| 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 | 0 | 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 | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | Yes (1) | TransferFromOtherOrgInd |