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BERKLEE COLLEGE OF MUSIC INC: Form 990, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
BERKLEE COLLEGE OF MUSIC INC (EIN 04-2300472)
Tax period
2019-06-01 to 2020-05-31
Filed
2021-04-15
IRS object ID
202111059349301621
Schema version
2019v5.1
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 ReturnHeader

FieldValueIRS element (for citing)
Return2021-04-15T13:08:10-05:00ReturnTs
Tax Period End2020-05-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1KPMG LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line160 South StreetAddressLine1Txt
CityBostonCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02111ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2019-06-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN042300472EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1BERKLEE COLLEGE OF MUSIC INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% TAYLA BURKEInCareOfNm
Business Name ControlBERKBusinessNameControlTxt
Phone6177472287PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11140 BOYLSTON STREETAddressLine1Txt
CityBOSTONCityNm
State AbbreviationMAStateAbbreviationCd
ZIP022153693ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonRICHARD HISEYPersonNm
Person TitleCFOPersonTitleTxt
Phone6177478089PhoneNum
Signature2021-04-13SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSTEPHANIE LONCZAKPreparerPersonNm
PTINP01880207PTIN
Phone6179881000PhoneNum
Preparation2021-04-08PreparationDt
FieldValueIRS element (for citing)
Tax2019TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerROGER H BROWNPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11140 BOYLSTON STREETAddressLine1Txt
CityBOSTONCityNm
State AbbreviationMAStateAbbreviationCd
ZIP022153693ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$428,830,960GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.BERKLEE.EDUWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1945FormationYr
Legal Domicile StateMALegalDomicileStateCd
Activity Or MissionTHE MISSION OF BERKLEE COLLEGE OF MUSIC IS TO EDUCATE AND TRAIN STUDENTS TO EXCEL IN A CAREER OF MUSIC, DANCE AND/OR THEATRE.ActivityOrMissionDesc
Voting Members Governing Body40VotingMembersGoverningBodyCnt
Voting Members Independent38VotingMembersIndependentCnt
Total Employee4780TotalEmployeeCnt
Total Volunteers100TotalVolunteersCnt
Total Gross UBI$111,201TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$35,271NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$26,539,077PYContributionsGrantsAmt
CY Contributions Grants$26,109,290CYContributionsGrantsAmt
PY Program Service Revenue$306,711,137PYProgramServiceRevenueAmt
CY Program Service Revenue$318,676,857CYProgramServiceRevenueAmt
PY Investment Income$13,211,806PYInvestmentIncomeAmt
CY Investment Income$18,124,787CYInvestmentIncomeAmt
PY Other Revenue$4,709,548PYOtherRevenueAmt
CY Other Revenue$5,667,180CYOtherRevenueAmt
PY Total Revenue$351,171,568PYTotalRevenueAmt
CY Total Revenue$368,578,114CYTotalRevenueAmt
PY Grants And Similar Paid$69,240,678PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$76,949,275CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$161,667,295PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$173,287,903CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$6,872,032CYTotalFundraisingExpenseAmt
PY Other Expenses$96,903,999PYOtherExpensesAmt
CY Other Expenses$91,260,469CYOtherExpensesAmt
PY Total Expenses$327,811,972PYTotalExpensesAmt
CY Total Expenses$341,497,647CYTotalExpensesAmt
PY Revenues Less Expenses$23,359,596PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$27,080,467CYRevenuesLessExpensesAmt
Total Assets BOY$779,515,214TotalAssetsBOYAmt
Total Assets EOY$757,790,141TotalAssetsEOYAmt
Total Liabilities BOY$377,250,977TotalLiabilitiesBOYAmt
Total Liabilities EOY$409,615,815TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$402,264,237NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$348,174,326NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTHE 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 SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$251,911,488ExpenseAmt
Grant$74,136,264GrantAmt
Revenue$261,667,059RevenueAmt
DescEDUCATION AND INSTRUCTION: THE PROGRAM IS PROVIDED TO DEVELOP THE SKILLS AND KNOWLEDGE OF STUDENTS SEEKING DEGREES IN MUSIC. THE COLLEGE PROVIDES OUTSTANDING FACULTY AND TEACHING FACILITIES FOR OVER 9,200 STUDENTS FROM THE US AND 100 FOREIGN COUNTRIES. THE COLLEGE ALSO OFFERS A NEW WAY FOR MUSICIANS 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

FieldValueIRS element (for citing)
Expense$21,913,769ExpenseAmt
Grant$2,047,883GrantAmt
Revenue$33,603,943RevenueAmt
DescBERKLEE 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

FieldValueIRS element (for citing)
Expense$11,281,755ExpenseAmt
Grant$765,128GrantAmt
Revenue$24,719,951RevenueAmt
DescAUXILIARY 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
FieldValueIRS element (for citing)
Total Program Service Expenses$285,107,012TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingYes (true)CreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (true)DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesYes (true)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (true)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (true)ConsolidatedAuditFinclStmtInd
School OperatingYes (true)SchoolOperatingInd
Foreign OfficeYes (true)ForeignOfficeInd
Foreign ActivitiesYes (true)ForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesYes (true)FundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsYes (true)GrantsToIndividualsInd
Schedule J RequiredYes (true)ScheduleJRequiredInd
Tax Exempt BondsYes (true)TaxExemptBondsInd
Invest Tax Exempt BondsfalseInvestTaxExemptBondsInd
Escrow AccountfalseEscrowAccountInd
On Behalf Of IssuerfalseOnBehalfOfIssuerInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemYes (true)BusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntYes (true)BusinessRlnWith35CtrlEntInd
Deductible Non Cash ContriYes (true)DeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityYes (true)RelatedEntityInd
Related Organization Ctrl EntYes (true)RelatedOrganizationCtrlEntInd
Transaction With Control EntYes (true)TransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document1859IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee4780EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (true)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (true)Form990TFiledInd
Foreign Financial AccountYes (true)ForeignFinancialAccountInd
Foreign CountrySPForeignCountryCd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsYes (true)QuidProQuoContributionsInd
Quid Pro Quo Contri DisclYes (true)QuidProQuoContriDisclInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members40GoverningBodyVotingMembersCnt
Independent Voting Member38IndependentVotingMemberCnt
Family Or Business RlnYes (true)FamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherYes (true)CompensationProcessOtherInd
Investment In Joint VentureYes (true)InvestmentInJointVentureInd
Written Policy Or ProcedurefalseWrittenPolicyOrProcedureInd
States Where Copy Of Return Is FldCAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNYStatesWhereCopyOfReturnIsFldCd
Other WebsiteYes (X)OtherWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonTAYLA BURKEPersonNm
Phone6177476762PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11140 BOYLSTON STREETAddressLine1Txt
CityBOSTONCityNm
State AbbreviationMAStateAbbreviationCd
ZIP022153693ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (54 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtKey EmployeeKeyEmployeeIndHighest Compensated EmployeeHighestCompensatedEmployeeInd
ROGER H BROWN
PRESIDENT35.00.0Yes (X)Yes (X)$598,197$0$68,280
LAWRENCE J SIMPSON
SENIOR VICE PRESIDENT35.00.0$357,318$0$55,620Yes (X)
RICHARD HISEY
SR VICE PRESIDENT/TREASURER35.00.0Yes (X)$361,677$0$48,967
DAVID GREGORY
VICE PRESIDENT35.00.0$348,355$0$47,537Yes (X)
ELIZABETH NEWMAN
SENIOR VICE PRESIDENT35.00.0$342,639$0$52,235Yes (X)
DEBORAH CAVALIER
SENIOR VICE PRESIDENT35.00.0$344,044$0$40,474Yes (X)
CYNTHIA LINK
SENIOR VICE PRESIDENT35.00.0$338,099$0$33,475Yes (X)
THOMAS RILEY
VICE PRESIDENT35.00.0$297,462$0$57,817Yes (X)
MICHAEL KING
VICE PRESIDENT35.00.0$286,125$0$47,912Yes (X)
CATHLEEN YOUNG
EXECUTIVE DIRECTOR35.00.0Yes (X)$265,425$0$42,161
PANOS PANAY
SVP FOR GLOBAL STRATEGY35.00.0$213,999$0$40,090Yes (X)
MELISSA HOWE
SECRETARY35.00.0Yes (X)$189,004$0$20,512
DAVID ABRAMS
TRUSTEE - END 03/202.00.0Yes (X)$0$0$0
LEN BAKER
TRUSTEE2.00.0Yes (X)$0$0$0
MICHAEL A BROWN
TRUSTEE2.00.0Yes (X)$0$0$0
DAVID CLEM
TRUSTEE2.00.0Yes (X)$0$0$0
JOHN CONNAUGHTON
TRUSTEE2.00.0Yes (X)$0$0$0
CYNTHIA CURME
TRUSTEE2.00.0Yes (X)$0$0$0
MICHAEL R EISENSON
VICE CO-CHAIR2.00.0Yes (X)$0$0$0
EMILIO ESTEFAN
TRUSTEE2.00.0Yes (X)$0$0$0
GLORIA ESTEFAN
TRUSTEE2.00.0Yes (X)$0$0$0
FRANCESCA FREDERICK
TRUSTEE2.00.0Yes (X)$0$0$0
DAVID GROSS-LOH
TRUSTEE2.00.0Yes (X)$0$0$0
JOSH GRUSS
TRUSTEE2.00.0Yes (X)$0$0$0
THOMAS HAGERTY
TRUSTEE2.00.0Yes (X)$0$0$0
CHARLES HIRSCHHORN
TRUSTEE2.00.0Yes (X)$0$0$0
STEVEN HOLTZMAN
TRUSTEE2.00.0Yes (X)$0$0$0
BILL KAISER
TRUSTEE2.00.0Yes (X)$0$0$0
JOEL KATZ
TRUSTEE - END 03/202.00.0Yes (X)$0$0$0
BJ KRINTZMAN
TRUSTEE2.00.0Yes (X)$0$0$0
SARA LAWRENCE-LIGHTFOOT
TRUSTEE2.00.0Yes (X)$0$0$0
MIE KYUNG LEE
TRUSTEE2.00.0Yes (X)$0$0$0
MARTIN MANNION
VICE CO-CHAIR2.00.0Yes (X)$0$0$0
DEMOND MARTIN
TRUSTEE2.00.0Yes (X)$0$0$0
CARLA MARTINEZ
TRUSTEE2.00.0Yes (X)$0$0$0
MARC MAYER
TRUSTEE - END 03/202.00.0Yes (X)$0$0$0
HASSELL MCCLELLAN
TRUSTEE2.00.0Yes (X)$0$0$0
JANE MENDILLO
TRUSTEE2.00.0Yes (X)$0$0$0
FREDERICK T MILLER
TRUSTEE2.00.0Yes (X)$0$0$0
PETER MULLER
TRUSTEE2.00.0Yes (X)$0$0$0
ROBERT MURLEY
TRUSTEE2.00.0Yes (X)$0$0$0
ANTHONY PANGARO
TRUSTEE2.00.0Yes (X)$0$0$0
SNOW QIN
TRUSTEE2.00.0Yes (X)$0$0$0
ALEX RIGOPULOS
TRUSTEE2.00.0Yes (X)$0$0$0
STEVE RUCHEFSKY
TRUSTEE2.00.0Yes (X)$0$0$0
JEFF SHAMES
TRUSTEE2.00.0Yes (X)$0$0$0
DAVID SCOTT SLOAN
TRUSTEE2.00.0Yes (X)$0$0$0
DARIUS SIDEBOTHAM
TRUSTEE2.00.0Yes (X)$0$0$0
SUSAN SOLOMONT
TRUSTEE2.00.0Yes (X)$0$0$0
ELIZABETH CARRILLO THOMAS
TRUSTEE2.00.0Yes (X)$0$0$0
TARIK WARD
TRUSTEE2.00.0Yes (X)$0$0$0
SUSAN WHITEHEAD
CHAIR OF THE BOARD2.00.0Yes (X)$0$0$0
MARY ZACHARIS
TRUSTEE2.00.0Yes (X)$0$0$0
BARRY ZUBROW
TRUSTEE2.00.0Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$3,942,344TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$555,080TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K335IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (true)TotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
YORKE CONSTRUCTION CORP
140 WEST 31ST STREETNEW YORKNY10001CONSTRUCTION$6,449,324
GOOGLE INC
PO BOX 39000SAN FRANCISCOCA941390001MARKETING$4,447,337
ARAMARK SERVICES INC
27310 NETWORK PLACECHICAGOIL606731273FOOD SERVICES$3,826,519
COLUMBIA CONSTRUCTION COMPANY
100 RIVER PARK DRIVENORTH READINGMA01864CONSTRUCTION$3,559,782
ACME BUILDING SERVICES
599 NORTH AVENUE SUITE 6WAKEFIELDMA01880CUSTODIAL SERVICES$2,330,806
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K105CntrctRcvdGreaterThan100KCnt
Fundraising$1,986,234FundraisingAmt
Government Grants$6,213,383GovernmentGrantsAmt
All Other Contributions$17,909,673AllOtherContributionsAmt
Noncash Contributions$232,811NoncashContributionsAmt
Total Contributions$26,109,290TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (5 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
TUITION & FEES611710$289,622,768$289,622,768
ROOM & BOARD721310$24,719,951$24,719,951
GLOBAL INITIATIVES611710$1,798,992$1,798,992
BERKLEE ONLINE611710$598,179$598,179
PERFORMANCE CENTER611710$624,180$624,180

Total Oth Program Service Rev TotalOthProgramServiceRevGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,312,787TotalRevenueColumnAmt
Related Or Exempt Func Income$1,312,787RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$318,676,857TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,015,925TotalRevenueColumnAmt
Unrelated Business Revenue$146,349UnrelatedBusinessRevenueAmt
Exclusion$1,869,576ExclusionAmt

Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Royalties Revenue RoyaltiesRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$1,952,467RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$2,694,850RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real-$742,383RealAmt
Personal$0PersonalAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column-$742,383TotalRevenueColumnAmt
Unrelated Business Revenue-$35,148UnrelatedBusinessRevenueAmt
Exclusion-$707,235ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$71,358,075SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$55,249,213SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$16,108,862SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$16,108,862TotalRevenueColumnAmt
Exclusion$16,108,862ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$185,749FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$1,986,234ContriRptFundraisingEventAmt
Fundraising Direct Expenses$739,462FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column-$553,713TotalRevenueColumnAmt
Exclusion-$553,713ExclusionAmt
FieldValueIRS element (for citing)
Gaming Gross Income$0GamingGrossIncomeAmt
Gaming Direct Expenses$0GamingDirectExpensesAmt

Net Income From Gaming NetIncomeFromGamingGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt
FieldValueIRS element (for citing)
Gross Sales Of Inventory$2,883,417GrossSalesOfInventoryAmt
Cost Of Goods Sold$1,569,321CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,314,096TotalRevenueColumnAmt
Related Or Exempt Func Income$1,314,096RelatedOrExemptFuncIncomeAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtExclusionExclusionAmt
GAIN ON EXTINGUISHMENT OF DEBT900099$2,467,593$2,467,593
PREMIUM AMORTIZATION900099$1,505,651$1,505,651
GAIN ON SALE OF TAX CREDITS900099$854,751$854,751

Miscellaneous Revenue MiscellaneousRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$821,185TotalRevenueColumnAmt
Exclusion$821,185ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$5,649,180OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$368,578,114TotalRevenueColumnAmt
Related Or Exempt Func Income$319,990,953RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$111,201UnrelatedBusinessRevenueAmt
Exclusion$22,366,670ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$76,949,275TotalAmt
Program Services$76,949,275ProgramServicesAmt

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Benefits To Members BenefitsToMembersGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$1,328,654TotalAmt
Program Services$296,943ProgramServicesAmt
Management And General$635,167ManagementAndGeneralAmt
Fundraising$396,544FundraisingAmt

Comp Disqual Persons CompDisqualPersonsGrp

FieldValueIRS element (for citing)
Total$125,425TotalAmt
Program Services$125,425ProgramServicesAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$139,711,014TotalAmt
Program Services$108,574,219ProgramServicesAmt
Management And General$27,070,797ManagementAndGeneralAmt
Fundraising$4,065,998FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$4,298,938TotalAmt
Program Services$13,040ProgramServicesAmt
Management And General$4,273,908ManagementAndGeneralAmt
Fundraising$11,990FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$18,387,350TotalAmt
Program Services$26,401,042ProgramServicesAmt
Management And General-$8,962,340ManagementAndGeneralAmt
Fundraising$948,648FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$9,436,522TotalAmt
Program Services$7,345,027ProgramServicesAmt
Management And General$1,818,149ManagementAndGeneralAmt
Fundraising$273,346FundraisingAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$2,800,809TotalAmt
Program Services$1,104,657ProgramServicesAmt
Management And General$1,482,014ManagementAndGeneralAmt
Fundraising$214,138FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$3,491,957TotalAmt
Program Services$124,857ProgramServicesAmt
Management And General$3,367,100ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$446,245TotalAmt
Management And General$446,245ManagementAndGeneralAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$197,369TotalAmt
Management And General$197,369ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$6,623,027TotalAmt
Program Services$5,073,179ProgramServicesAmt
Management And General$1,545,587ManagementAndGeneralAmt
Fundraising$4,261FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$5,904,368TotalAmt
Program Services$5,019,791ProgramServicesAmt
Management And General$876,780ManagementAndGeneralAmt
Fundraising$7,797FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$6,054,545TotalAmt
Program Services$4,804,625ProgramServicesAmt
Management And General$1,159,443ManagementAndGeneralAmt
Fundraising$90,477FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$7,163,445TotalAmt
Program Services$1,052,137ProgramServicesAmt
Management And General$6,105,376ManagementAndGeneralAmt
Fundraising$5,932FundraisingAmt

Royalties RoyaltiesGrp

FieldValueIRS element (for citing)
Total$1,933,452TotalAmt
Program Services$1,931,104ProgramServicesAmt
Management And General$2,348ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$12,870,426TotalAmt
Program Services$12,433,294ProgramServicesAmt
Management And General$437,132ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$2,258,803TotalAmt
Program Services$2,242,920ProgramServicesAmt
Management And General$15,850ManagementAndGeneralAmt
Fundraising$33FundraisingAmt

Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$1,524,219TotalAmt
Program Services$564,518ProgramServicesAmt
Management And General$839,090ManagementAndGeneralAmt
Fundraising$120,611FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$10,835,522TotalAmt
Program Services$8,806,122ProgramServicesAmt
Management And General$1,810,760ManagementAndGeneralAmt
Fundraising$218,640FundraisingAmt

Payments To Affiliates PaymentsToAffiliatesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$15,337,829TotalAmt
Program Services$12,472,506ProgramServicesAmt
Management And General$2,556,624ManagementAndGeneralAmt
Fundraising$308,699FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$460,265TotalAmt
Management And General$460,265ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
COST OF MEALS$5,619,607$5,618,214$608$785
EVENT EXPENSE$1,766,997$1,389,458$301,684$75,855
EQUIPMENT REPAIR$1,255,022$1,213,964$41,058
INCOME TAX EXPENSE$190,000$190,000

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$4,526,562TotalAmt
Program Services$1,360,695ProgramServicesAmt
Management And General$3,037,589ManagementAndGeneralAmt
Fundraising$128,278FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$341,497,647TotalAmt
Program Services$285,107,012ProgramServicesAmt
Management And General$49,518,603ManagementAndGeneralAmt
Fundraising$6,872,032FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$111,417,739BOYAmt
EOY$117,410,553EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$10,551,692BOYAmt
EOY$9,241,996EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$438,363BOYAmt
EOY$811,549EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$2,019,289BOYAmt
EOY$1,531,109EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$480,689,137LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$192,149,532LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$284,357,774BOYAmt
EOY$288,539,605EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$356,061,885BOYAmt
EOY$327,571,106EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Intangible Assets IntangibleAssetsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$14,668,472BOYAmt
EOY$12,684,223EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$779,515,214BOYAmt
EOY$757,790,141EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$73,149,723BOYAmt
EOY$123,301,332EOYAmt

Grants Payable GrantsPayableGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$32,546,929BOYAmt
EOY$26,095,400EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$268,016,377BOYAmt
EOY$256,593,919EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Loans From Officers Directors LoansFromOfficersDirectorsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$3,537,948BOYAmt
EOY$3,625,164EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$377,250,977BOYAmt
EOY$409,615,815EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$293,930,148BOYAmt
EOY$235,103,936EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$108,334,089BOYAmt
EOY$113,070,390EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$402,264,237BOYAmt
EOY$348,174,326EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$779,515,214BOYAmt
EOY$757,790,141EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$27,080,467ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$33,472,074NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets-$47,698,304OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredYes (true)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (true)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$13,969,969CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$18,623,012CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$21,649,617CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$26,539,077CurrentTaxYearMinus1YearAmt
Current Tax Year$26,109,290CurrentTaxYearAmt
Total$106,890,965TotalAmt

Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$13,969,969CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$18,623,012CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$21,649,617CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$26,539,077CurrentTaxYearMinus1YearAmt
Current Tax Year$26,109,290CurrentTaxYearAmt
Total$106,890,965TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$4,305,439SubstantialContributorsTotAmt
Public Support Total170$102,585,526PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,608,600CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$2,077,982CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,735,526CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$4,204,963CurrentTaxYearMinus1YearAmt
Current Tax Year$3,822,043CurrentTaxYearAmt
Total$14,449,114TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$513,539CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$373,079CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,223,207CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$0CurrentTaxYearMinus1YearAmt
Current Tax Year$0CurrentTaxYearAmt
Total$2,109,825TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,178,023CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$2,868,869CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,051,431CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,042,612CurrentTaxYearMinus1YearAmt
Current Tax Year$8,718,346CurrentTaxYearAmt
Total$16,859,281TotalAmt
FieldValueIRS element (for citing)
Total Support$140,309,185TotalSupportAmt
Gross Receipts Rltd Activities$1,449,307,256GrossReceiptsRltdActivitiesAmt
Public Support CY1700.73114PublicSupportCY170Pct
Public Support PY1700.76300PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Art Public Exhibition AmountsArtPublicExhibitionAmountsGrp
Held Works ArtHeldWorksArtGrp
Agent Trustee EtcfalseAgentTrusteeEtcInd
Incl Escrow Custodial Acct LiabfalseInclEscrowCustodialAcctLiabInd
Explanation ProvidedYes (X)ExplanationProvidedInd

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$356,061,885BeginningYearBalanceAmt
Contributions$5,124,631ContributionsAmt
Investment Earnings Or Losses-$17,363,212InvestmentEarningsOrLossesAmt
Grants Or Scholarships$2,534,515GrantsOrScholarshipsAmt
Other Expenditures$13,717,683OtherExpendituresAmt
End Year Balance$327,571,106EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$365,075,720BeginningYearBalanceAmt
Contributions$4,802,197ContributionsAmt
Investment Earnings Or Losses$1,008,984InvestmentEarningsOrLossesAmt
Grants Or Scholarships$1,899,726GrantsOrScholarshipsAmt
Other Expenditures$12,925,290OtherExpendituresAmt
End Year Balance$356,061,885EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$358,716,518BeginningYearBalanceAmt
Contributions$4,786,360ContributionsAmt
Investment Earnings Or Losses$17,585,791InvestmentEarningsOrLossesAmt
Grants Or Scholarships$3,165,149GrantsOrScholarshipsAmt
Other Expenditures$12,847,800OtherExpendituresAmt
End Year Balance$365,075,720EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$316,410,569BeginningYearBalanceAmt
Contributions$21,034,097ContributionsAmt
Investment Earnings Or Losses$37,221,874InvestmentEarningsOrLossesAmt
Grants Or Scholarships$2,078,168GrantsOrScholarshipsAmt
Other Expenditures$13,871,854OtherExpendituresAmt
End Year Balance$358,716,518EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$327,745,268BeginningYearBalanceAmt
Contributions$6,167,204ContributionsAmt
Investment Earnings Or Losses-$3,245,483InvestmentEarningsOrLossesAmt
Grants Or Scholarships$6,015,674GrantsOrScholarshipsAmt
Other Expenditures$8,240,746OtherExpendituresAmt
End Year Balance$316,410,569EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.78790BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.18660PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.02550TermEndowmentBalanceEOYPct
Endowments Held Unrelated OrgfalseEndowmentsHeldUnrelatedOrgInd
Endowments Held Related OrgfalseEndowmentsHeldRelatedOrgInd

Land LandGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$0InvestmentCostOrOtherBasisAmt
Other Cost Or Other Basis$52,661,439OtherCostOrOtherBasisAmt
Book Value$52,661,439BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$0InvestmentCostOrOtherBasisAmt
Other Cost Or Other Basis$184,791,896OtherCostOrOtherBasisAmt
Depreciation$46,694,372DepreciationAmt
Book Value$138,097,524BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$0InvestmentCostOrOtherBasisAmt
Other Cost Or Other Basis$165,032,919OtherCostOrOtherBasisAmt
Depreciation$99,132,069DepreciationAmt
Book Value$65,900,850BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$0InvestmentCostOrOtherBasisAmt
Other Cost Or Other Basis$63,105,967OtherCostOrOtherBasisAmt
Depreciation$46,323,091DepreciationAmt
Book Value$16,782,876BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$0InvestmentCostOrOtherBasisAmt
Other Cost Or Other Basis$15,096,916OtherCostOrOtherBasisAmt
Depreciation$0DepreciationAmt
Book Value$15,096,916BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$288,539,605TotalBookValueLandBuildingsAmt
Federal Income Tax Liability$0FederalIncomeTaxLiabilityAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescREFUNDABLE ADVANCES - U.S. GOVDesc
Amt$3,625,164Amt
FieldValueIRS element (for citing)
Total Liability$3,625,164TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$304,986,285TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst-$33,472,074NetUnrealizedGainsInvstAmt
Other Revenue-$35,179,239OtherRevenueAmt
Revenue Not Reported-$68,651,313RevenueNotReportedAmt
Revenue Subtotal$373,637,598RevenueSubtotalAmt
Other Revenues Not Included-$5,059,484OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt-$5,059,484RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$368,578,114TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$355,477,139TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$13,979,492OtherExpensesIncludedAmt
Expenses Not Reported$13,979,492ExpensesNotReportedAmt
Expenses Subtotal$341,497,647ExpensesSubtotalAmt
Total Expenses Per Form990$341,497,647TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
ESCROW AND CUSTODIAL ARRANGEMENTSPART IV BERKLEE COLLEGE OF MUSIC IS 100% OWNER OF BERKLEE VALENCIA AND 50% OWNER OF AMP UP NYC LLC. THE COLLEGE MAINTAINS THE BOOKS AND RECORDS FOR THE RELATED ENTITIES. AMP UP NYC LLC WAS DISSOLVED ON NOVEMBER 26, 2019.
ENDOWMENT FUNDSPART V, LINE 4 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.
LIABILITY FOR UNCERTAIN TAX POSITIONS UNDER FIN 48 (ASC 740)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, 2020 BUT IT IS NOT SIGNIFICANT TO THE CONSOLIDATED FINANCIAL STATEMENTS. THE COLLEGE BELIEVES IT HAS TAKEN NO SIGNIFICANT UNCERTAIN TAX POSITIONS.
OTHER REVENUE INCLUDED IN FINANCIAL STATEMENTS NOT ON RETURNPART XI, LINE 2D BERKLEE VALENCIA REVENUE 14,927,985 PENSION OBLIGATION CHANGES OTHER THAN NET PERIODIC COSTS -47,698,304 HEERF/CARES -1,698,920 LOSS ON TERM. CONTRACT -710,000 TOTAL -35,179,239
REVENUE INCLUDED ON RETURN BUT NOT IN FINANCIAL STATEMENTSPART XI, LINE 4B RECLASS OF FUNDRAISING EXPENSE (739,462) RECLASS OF RENTAL EXPENSE (2,694,850) BERKLEE LAPTOP PROGRAM COSTS OF GOODS SOLD (1,569,322) GILBERT GRANT (55,850) TOTAL (5,059,484)
OTHER EXPENSES INCLUDED IN FINANCIAL STATEMENTS BUT NOT ON RETURNPART XII, LINE 2D BERKLEE VALENCIA EXPENSES 11,328,929 BERKLEE LAPTOP PROGRAM COST OF GOODS SOLD 1,569,321 RECLASS OF RENTAL EXPENSE 2,694,850 RECLASS OF FUNDRAISING EXPENSE 739,462 GILBERT GRANT 55,850 RECLASS OF HEERF/CARES ACT -1,698,920 RECLASS OF LOSS ON TERMINATED CONTRACT -710,000 TOTAL 13,979,492

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (true)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (true)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (true)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (true)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (true)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (true)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (true)MaintainCpyOfAllSolInd
Discriminate Race Stdnts RghtsfalseDiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss PlcyfalseDiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm FcultyfalseDiscriminateRaceEmplmFcultyInd
Discriminate Race SchsfalseDiscriminateRaceSchsInd
Discriminate Race Educ PlcyfalseDiscriminateRaceEducPlcyInd
Discriminate Race Use Of FcltsfalseDiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt ProgfalseDiscriminateRaceAthltProgInd
Discriminate Race Other ActyfalseDiscriminateRaceOtherActyInd
Government Financial Aid RcvdYes (true)GovernmentFinancialAidRcvdInd
Government Financial Aid RvkdfalseGovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (true)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PUBLICIZE NONDISCRIMINATORY POLICYLINE 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.
FINANCIAL AID OR ASSISTANCELINE 6A 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 (15 entries)

RegionRegionTxtOfficesOfficesCntType Of Activities ConductedTypeOfActivitiesConductedTxtSpecific Services ProvidedSpecificServicesProvidedTxtRegion Total ExpendituresRegionTotalExpendituresAmtEmployeeEmployeeCnt
Europe (Including Iceland and Greenland)1Program ServicesVALENCIA CAMPUS$0
Europe (Including Iceland and Greenland)Program ServicesSTUDY ABROAD$49,447
Central America and the CaribbeanInvestments$92,185,841
South AsiaProgram ServicesSTUDY ABROAD$442,347
North AmericaProgram ServicesSTUDY ABROAD$19,991
East Asia and the PacificProgram ServicesEDUCATION$687,447
Middle East and North Africa1Program ServicesEDUCATION$1,242,1972
Central America and the CaribbeanProgram ServicesBERKLEE ONLINE$0
Europe (Including Iceland and Greenland)Program ServicesBERKLEE ONLINE$0
Middle East and North AfricaProgram ServicesBERKLEE ONLINE$0
North AmericaProgram ServicesBERKLEE ONLINE$0
Russia and the Newly Independent StatesProgram ServicesBERKLEE ONLINE$0
South AmericaProgram ServicesBERKLEE ONLINE$0
South AsiaProgram ServicesBERKLEE ONLINE$0
Sub-Saharan AfricaProgram ServicesBERKLEE ONLINE$0
FieldValueIRS element (for citing)
Subtotal Offices2SubtotalOfficesCnt
Subtotal Employees2SubtotalEmployeesCnt
Total Office2TotalOfficeCnt
Total Employee2TotalEmployeeCnt
Subtotal Spent$94,627,270SubtotalSpentAmt
Total Spent$94,627,270TotalSpentAmt
Transfer To Foreign CorpYes (true)TransferToForeignCorpInd
Interest In Foreign TrustfalseInterestInForeignTrustInd
Foreign Corp OwnershipYes (true)ForeignCorpOwnershipInd
Passive Foreign Investmest CoYes (true)PassiveForeignInvestmestCoInd
Foreign PartnershipYes (true)ForeignPartnershipInd
Boycott CountriesYes (true)BoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 3FormAndLineReferenceDesc
ExplanationTHE 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 125 EMPLOYEES.ExplanationTxt

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1GALA - BCMEvent1Nm
Gross Receipts Event1$1,725,615GrossReceiptsEvent1Amt
Charitable Contri Event1$1,544,666CharitableContriEvent1Amt
Gross Revenue Event1$180,949GrossRevenueEvent1Amt
Rent Facility Costs Event1$255,000RentFacilityCostsEvent1Amt
Entertainment Event1$240,802EntertainmentEvent1Amt
Other Direct Expenses Event1$77,895OtherDirectExpensesEvent1Amt
Event2SOIREE - BCBEvent2Nm
Gross Receipts Event2$311,618GrossReceiptsEvent2Amt
Charitable Contri Event2$311,618CharitableContriEvent2Amt
Other Direct Expenses Event2$75,772OtherDirectExpensesEvent2Amt
Other Events Total1OtherEventsTotalCnt
Gross Receipts Other Events$134,750GrossReceiptsOtherEventsAmt
Charitable Contri Other Events$129,950CharitableContriOtherEventsAmt
Gross Revenue Other Events$4,800GrossRevenueOtherEventsAmt
Rent Fclty Costs Other Events$52,603RentFcltyCostsOtherEventsAmt
Oth Direct Expnss Other Events$37,390OthDirectExpnssOtherEventsAmt
Gross Receipts Total$2,171,983GrossReceiptsTotalAmt
Charitable Contributions Tot$1,986,234CharitableContributionsTotAmt
Gross Revenue Total Events$185,749GrossRevenueTotalEventsAmt
Rent Fclty Costs Total Events$307,603RentFcltyCostsTotalEventsAmt
Entertainment Total Events$240,802EntertainmentTotalEventsAmt
Oth Direct Expnss Total Events$191,057OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$739,462DirectExpenseSummaryEventsAmt
Net Income Summary-$553,713NetIncomeSummaryAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE G, PART II, COLUMN (B)FormAndLineReferenceDesc
ExplanationTHE SOIREE - BCB EVENT IS REPORTED ON SCHEDULE G, PART II AS EXPENSES AND CONTRIBUTIONS WERE INCURRED RELATED TO THIS EVENT. HOWEVER, THE EVENT ULTIMATELY DID NOT TAKE PLACE DUE TO THE COVID-19 PANDEMIC.ExplanationTxt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (true)GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (6 entries)

Grant TypeGrantTypeTxtRecipientRecipientCntCash GrantCashGrantAmtValuation Method UsedValuationMethodUsedDescNon Cash AssistanceNonCashAssistanceDesc
INTERNAL SCHOLARSHIPS3570$68,900,472FMVN/A
EXTERNAL SCHOLARSHIPS545$4,925,469FMVN/A
COLLEGE WORK STUDY341$671,690FMVN/A
MASSACHUSETTS STATE SCHOLARSHIPS24$55,850FMVN/A
SEOG FINANCIAL AID AWARDS409$696,874FMVN/A
HIGHER EDUCATION EMERGENCY RELIEF FUNDING2427$1,698,920FMVN/A

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
ORGANIZATION'S PROCEDURE FOR MONITORING THE USE OF GRANT FUNDSPART I, LINE 2 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.
HIGHER EDUCATION EMERGENCY RELIEF FUNDING (HEERF)PART III, LINE 6 IN FISCAL YEAR 2020 THE COLLEGE WAS AWARDED $1,786,574 FROM THE HIGHER EDUCATION EMERGENCY RELIEF FUND (HEERF). THE FUNDS WERE USED FOR EMERGENCY FINANCIAL AID GRANTS TO STUDENTS UNDER THE 18004(A)(1) CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITY ACTS (CARES ACT). THE COLLEGE DISBURSED $1,698,920 OF THE TOTAL RECEIVED TO THE STUDENTS TO ASSIST THE STUDENTS IN THEIR TRANSITION TO REMOTE LEARNING WITH THE REMAINING $87,654 TO BE UTILIZED IN FISCAL YEAR 2021 FOR APPEALS AND LATE FILERS.

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Travel For CompanionsYes (X)TravelForCompanionsInd
Club Dues Or FeesYes (X)ClubDuesOrFeesInd
Written Policy Ref T And E ExpnssYes (true)WrittenPolicyRefTAndEExpnssInd
Substantiation RequiredYes (true)SubstantiationRequiredInd
Compensation CommitteeYes (X)CompensationCommitteeInd
Independent ConsultantYes (X)IndependentConsultantInd
Form990 Of Other OrganizationsYes (X)Form990OfOtherOrganizationsInd
Written Employment ContractYes (X)WrittenEmploymentContractInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance PaymentfalseSeverancePaymentInd
Supplemental Nonqual Rtr PlanfalseSupplementalNonqualRtrPlanInd
Equity Based Comp ArrngmfalseEquityBasedCompArrngmInd
Comp Based On Revenue Of Flng OrgYes (true)CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related OrgsfalseCompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng OrgfalseCompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd OrgsfalseCompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsYes (true)AnyNonFixedPaymentsInd
Initial Contract ExceptionfalseInitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (12 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
ROGER H BROWN
PRESIDENT$472,403$0$100,062$0$25,732$0$25,200$0$43,080$0$666,477$0$0$0
RICHARD HISEY
SR VICE PRESIDENT/TREASURER$296,460$0$38,485$0$26,732$0$25,200$0$23,767$0$410,644$0$0$0
MELISSA HOWE
SECRETARY$161,903$0$6,563$0$20,538$0$15,575$0$4,937$0$209,516$0$0$0
CATHLEEN YOUNG
EXECUTIVE DIRECTOR$236,321$0$24,000$0$5,104$0$24,036$0$18,125$0$307,586$0$0$0
LAWRENCE J SIMPSON
SENIOR VICE PRESIDENT$293,214$0$31,879$0$32,225$0$25,200$0$30,420$0$412,938$0$0$0
DEBORAH CAVALIER
SENIOR VICE PRESIDENT$247,966$0$72,692$0$23,386$0$24,694$0$15,780$0$384,518$0$0$0
ELIZABETH NEWMAN
SENIOR VICE PRESIDENT$309,100$0$31,519$0$2,020$0$24,036$0$28,199$0$394,874$0$0$0
CYNTHIA LINK
SENIOR VICE PRESIDENT$276,206$0$29,939$0$31,954$0$25,200$0$8,275$0$371,574$0$0$0
DAVID GREGORY
VICE PRESIDENT$293,477$0$18,092$0$36,786$0$25,200$0$22,337$0$395,892$0$0$0
THOMAS RILEY
VICE PRESIDENT$260,176$0$11,554$0$25,732$0$25,200$0$32,617$0$355,279$0$0$0
MICHAEL KING
VICE PRESIDENT$220,251$0$60,096$0$5,778$0$22,388$0$25,524$0$334,037$0$0$0
PANOS PANAY
SVP FOR GLOBAL STRATEGY$197,150$0$15,580$0$1,269$0$13,815$0$26,275$0$254,089$0$0$0

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
BENEFITSPART I, LINE 1A TRAVEL FOR COMPANIONS IS PROVIDED ONLY TO THE PRESIDENT, WHO REIMBURSES THE COLLEGE FOR THE FULL EXPENSE. 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. THE AMOUNTS ARE INCLUDED AS TAXABLE COMPENSATION IN EACH INDIVIDUAL'S FORM W-2.
CONTINGENT PAYMENTSPART I, LINE 5A DEBORAH CAVALIER IS ELIGIBLE TO RECEIVE A PERCENTAGE OF AVAILABLE BONUS DOLLARS ANNUALLY. THE BONUS OF $72,692 REPORTED IN COLUMN B(II) IS EQUAL TO 10% OF THE DIVISION OPERATING MARGIN MINUS APPLICABLE RENT EXPENSES.
NON-FIXED PAYMENTSPART I, LINE 7 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 (2 entries)

Bond ReferenceBondReferenceCdBond Issuer EINBondIssuerEINCUSIPCUSIPNumBond IssuedBondIssuedDtIssue PriceIssuePriceAmtPurposePurposeDescDefeasedDefeasedIndOn Behalf Of IssuerOnBehalfOfIssuerIndPool FinancingPoolFinancingInd
MDFA REVENUE BONDS SERIES 2011
A04343181457583UJE92011-09-22$95,437,831PURCHASE LAND, BUILDING, EQUIPMENTfalsefalsefalse
MDFA REVENUE BONDS SERIES 2016
B04343181457584XUU32016-08-01$182,938,090REFUND SERIES 2007A/2013 BOCO DEBTfalsefalsefalse

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (2 entries)

Bond ReferenceBondReferenceCdRetiredRetiredAmtBond DefeasedBondDefeasedAmtTotal ProceedsTotalProceedsAmtIn Reserve FundInReserveFundAmtCapitalized InterestCapitalizedInterestAmtRefunding EscrowRefundingEscrowAmtIssuance Costs From ProceedsIssuanceCostsFromProceedsAmtCredit EnhancementCreditEnhancementAmtWorking Capital ExpendituresWorkingCapitalExpendituresAmtCapital ExpendituresCapitalExpendituresAmtOther Spent ProceedsOtherSpentProceedsAmtUnspentUnspentAmtSubstantial CompletionSubstantialCompletionYrRefunding Tax Exempt BondsRefundingTaxExemptBondsIndRefunding Taxable BondsRefundingTaxableBondsIndFinal Allocation MadeFinalAllocationMadeIndAdequate Books And Rec MaintAdequateBooksAndRecMaintInd
A$91,732,831$0$97,850,759$0$0$0$678,781$0$0$97,171,978$0$02014falsefalseYes (true)Yes (true)
B$8,554,136$0$182,938,090$0$234,313$0$1,009,048$0$27,018,542$0$154,676,187$02016Yes (true)Yes (true)Yes (true)Yes (true)

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (2 entries)

Bond ReferenceBondReferenceCdOwning Bond Financed PropertyOwningBondFinancedPropertyIndAny Lease ArrangementsAnyLeaseArrangementsIndMgmt Contract Bond Fincd PropMgmtContractBondFincdPropIndEngage Bond Counsel ContractsEngageBondCounselContractsIndAny Research AgreementsAnyResearchAgreementsIndPrivate Bus Use By OthersPrivateBusUseByOthersPctTotal Private Business UseTotalPrivateBusinessUsePctBond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestIndChange In Use Bond Financed PropChangeInUseBondFinancedPropIndRemedial Action TakenRemedialActionTakenIndProcs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdIndPrivate Bus Concerning UBIPrivateBusConcerningUBIPct
AfalsefalseYes (true)Yes (true)false0.003800.00380falsefalsefalseYes (true)
BfalseYes (true)Yes (true)Yes (true)false0.000000.00910falsefalsefalseYes (true)0.00910

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (2 entries)

Bond ReferenceBondReferenceCdForm8038 T FiledForm8038TFiledIndRebate Not Due YetRebateNotDueYetIndException To RebateExceptionToRebateIndNo Rebate DueNoRebateDueIndVariable Rate IssueVariableRateIssueIndHedge Identified In Bks And RecHedgeIdentifiedInBksAndRecIndGross Proceeds Invested In GICGrossProceedsInvestedInGICIndBusiness Name Line1GICProviderName/BusinessNameLine1TxtGross Proceeds InvestedGrossProceedsInvestedIndWritten Proc To Monitor ReqsWrittenProcToMonitorReqsInd
0
AfalsefalsefalseYes (true)falsefalsefalse0falseYes (true)
0
BfalsefalsefalseYes (true)falsefalsefalse0falseYes (true)

Procedures Corrective Action ProceduresCorrectiveActionGrp (2 entries)

Bond ReferenceBondReferenceCdProcedures Corrective ActionProceduresCorrectiveActionInd
AYes (true)
BYes (true)

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PROCEEDS OF BOND ISSUEPROCEEDS OF BOND ISSUE SCHEDULE K, PART II, LINE 3 THE DIFFERENCE BETWEEN THE ISSUE PRICE AND TOTAL PROCEEDS FOR BOND ISSUE A IS INVESTMENT EARNINGS OF $2,412,928.
REBATE COMPUTATION DATESCHEDULE K, PART IV, LINE 2C NO REBATE IS DUE ON THE BOND ISSUES. THE COMPUTATION DATES WERE AS FOLLOWS: BOND ISSUE A: 05/31/2018 BOND ISSUE B: 05/31/2018
PROCEDURES TO TAKE CORRECTIVE ACTIONSCHEDULE K, PART V 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

FieldValueIRS element (for citing)
Total Balance Due$0TotalBalanceDueAmt

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (2 entries)

Relationship DescriptionRelationshipDescriptionTxtTransactionTransactionAmtTransactionTransactionDescSharing Of RevenuesSharingOfRevenuesInd
BRUNO RABERG
SPOUSE - M. HOWE, OFFICER$125,425EMPLOYMENT - FAMILY MEMBEfalse
SOUND DOG VENTURES LLC
TRUSTEE - PETER MULLER$875,000LEASE PAYMENTfalse

Schedule M IRS990ScheduleM

FieldValueIRS element (for citing)
Works Of ArtWorksOfArtGrp
Art Historical TreasuresArtHistoricalTreasuresGrp
Art Fractional InterestArtFractionalInterestGrp
Books And PublicationsBooksAndPublicationsGrp
Clothing And Household GoodsClothingAndHouseholdGoodsGrp
Cars And Other VehiclesCarsAndOtherVehiclesGrp
Boats And PlanesBoatsAndPlanesGrp
Intellectual PropertyIntellectualPropertyGrp
Securities Publicly TradedSecuritiesPubliclyTradedGrp
Securities Closely Held StockSecuritiesCloselyHeldStockGrp
Secur Prtnrshp Trust IntrstsSecurPrtnrshpTrustIntrstsGrp
Securities MiscellaneousSecuritiesMiscellaneousGrp
Qualified Contrib Hist StructQualifiedContribHistStructGrp
Qualified Contrib OtherQualifiedContribOtherGrp
Real Estate ResidentialRealEstateResidentialGrp
Real Estate CommercialRealEstateCommercialGrp
Real Estate OtherRealEstateOtherGrp
CollectiblesCollectiblesGrp
Food InventoryFoodInventoryGrp
Drugs And Medical SuppliesDrugsAndMedicalSuppliesGrp
TaxidermyTaxidermyGrp
Historical ArtifactsHistoricalArtifactsGrp
Scientific SpecimensScientificSpecimensGrp
Archaeological ArtifactsArchaeologicalArtifactsGrp

Other Non Cash Contri Table OtherNonCashContriTableGrp (2 entries)

Non Cash CheckboxNonCashCheckboxIndDescDescContributionContributionCntNoncash Contributions Rpt F990NoncashContributionsRptF990AmtMethod Of Determining RevenuesMethodOfDeterminingRevenuesTxt
Yes (X)Instruments13$58,311FMV
Yes (X)Technology1$174,500FMV
FieldValueIRS element (for citing)
Form8283 Received0Form8283ReceivedCnt
Any Property That Must Be HeldfalseAnyPropertyThatMustBeHeldInd
Review Process Unusual NC GiftsYes (true)ReviewProcessUnusualNCGiftsInd
Third Parties UsedfalseThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceCONTRIBUTIONSFormAndLineReferenceDesc
ExplanationPART I, COLUMN (B) THE ORGANIZATION IS REPORTING THE NUMBER OF ITEMS RECEIVED.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
ORGANIZATION'S MISSIONFORM 990, PART III, LINE 1 THE MISSION OF BERKLEE COLLEGE OF MUSIC IS TO EDUCATE, TRAIN, AND DEVELOP STUDENTS TO EXCEL IN MUSIC AS A CAREER. DEVELOPING THE MUSICIANSHIP OF OUR STUDENTS IS THE FOUNDATION OF OUR CURRICULUM. WE BELIEVE THAT THE LESSONS AND QUALITIES DERIVED FROM THAT WORK -THE SELF DISCIPLINE NEEDED FOR EXCELLENCE, THE EMPATHY REQUIRED OF MUSIC-MAKING, AND THE OPENNESS AND INQUISITIVENESS ESSENTIAL TO CREATIVITY -ARE CRITICAL TO ACHIEVEMENT IN ANY PURSUIT, MUSICAL OR OTHERWISE; AND THAT MUSIC IS A POWERFUL CATALYST FOR PERSONAL GROWTH, WHICH IS CENTRAL TO ANY COLLEGIATE EXPERIENCE. FOUNDED ON JAZZ AND POPULAR MUSIC ROOTED IN THE AFRICAN CULTURE DIASPORA, OUR COMPREHENSIVE CURRICULUM IS DISTINCTLY CONTEMPORARY IN ITS CONTENT AND APPROACH, AND EMBRACES THE PRINCIPAL MUSICAL MOVEMENTS OF OUR TIME. THROUGH A COURSE OF SCHOLARLY AND PRACTICAL LEARNING EXPERIENCES INTEGRATING PERFORMANCE AND WRITING, OUR CURRICULUM COVERS THE VARIETY OF STYLES, RELEVANT TECHNOLOGIES, AND CAREER OPPORTUNITIES OPEN TO TODAY'S MUSIC PROFESSIONAL.
FAMILY RELATIONSHIPSFORM 990, PART VI, SECTION A, LINE 2 EMILIO ESTEFAN AND GLORIA ESTEFAN HAVE A FAMILY RELATIONSHIP.
FORM 990 REVIEW PROCESSFORM 990, PART VI, LINE 11A 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.
CONFLICT OF INTEREST POLICYFORM 990, PART VI, LINE 12C 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.
COMPENSATION POLICYFORM 990, PART VI, LINE 15A & 15B 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.
JOINT VENTURESFORM 990, PART VI, LINE 16B 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.
PUBLIC DISCLOSURESFORM 990, PART VI, LINE 19 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.
OTHER CHANGES IN NET ASSETSFORM 990, PART XI, LINE 9 PENSION OBLIGATION CHANGES OTHER THAN NET PERIODIC COSTS (47,698,304)

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (3 entries)

Address Line1ForeignAddress/AddressLine1TxtCityForeignAddress/CityNmProvince Or StateForeignAddress/ProvinceOrStateNmCountryForeignAddress/CountryCdForeign PostalForeignAddress/ForeignPostalCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile Foreign CountryLegalDomicileForeignCountryCdExempt Code SectionExemptCodeSectionTxtPublic Charity StatusPublicCharityStatusTxtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtControlled OrganizationControlledOrganizationIndAddress Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdLegal Domicile StateLegalDomicileStateCd
BERKLEE VALENCIA SL
AVENIDA PROFESOR LOPEZ PINEROVALENCIAVALENCIASP46013999999999EDUCATIONSPN/AN/ABerklee USYes (true)
THE BOSTON CONSERVATORY REALTY CORP
263644206REAL ESTATE501(C)(3)LINE 12A, IBerklee USYes (true)8 THE FENWAYBOSTONMA02215MA
THE BOSTON CONSERVATORY IPSWICH REALTY
454795446REAL ESTATE501(C)(3)LINE 12A, IBerklee USYes (true)8 THE FENWAYBOSTONMA02215MA

Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp

Related Organization Name RelatedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1Amp UP NYC LLCBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1855 Boylston StreetAddressLine1Txt
CityBostonCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02116ZIPCd
FieldValueIRS element (for citing)
EIN463537796EIN
Primary ActivitiesEducationPrimaryActivitiesTxt
Legal Domicile StateDELegalDomicileStateCd

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1NABusinessNameLine1Txt
FieldValueIRS element (for citing)
Predominant Income TypeRELATEDPredominantIncomeTypeTxt
Share Of Total Income-$15,069ShareOfTotalIncomeAmt
Share Of EOY Assets$0ShareOfEOYAssetsAmt
Disproportionate AllocationsfalseDisproportionateAllocationsInd
UBI Code V$0UBICodeVAmt
General Or Managing PartnerYes (true)GeneralOrManagingPartnerInd
Ownership0.50000OwnershipPct
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts RyltsfalseReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgfalseGiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgfalseGiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgYes (true)LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth OrgfalseLoansOrGuaranteesFromOthOrgInd
Div Related OrganizationfalseDivRelatedOrganizationInd
Asset Sale To Other OrgfalseAssetSaleToOtherOrgInd
Asset Purchase From Other OrgfalseAssetPurchaseFromOtherOrgInd
Asset ExchangefalseAssetExchangeInd
Rental Of Facilities To Oth OrgfalseRentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth OrgfalseRentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgfalsePerformOfServicesForOthOrgInd
Perform Of Services By Other OrgfalsePerformOfServicesByOtherOrgInd
Sharing Of FacilitiesfalseSharingOfFacilitiesInd
Paid Employees SharingfalsePaidEmployeesSharingInd
Reimbursement Paid To Other OrgfalseReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgfalseReimbursementPaidByOtherOrgInd
Transfer To Other OrgYes (true)TransferToOtherOrgInd
Transfer From Other OrgYes (true)TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (2 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
BERKLEE VALENCIA SL
D$5,026,571SEE PART VII
BERKLEE VALENCIA SL
R$2,235,444SEE PART VII

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceMETHOD OF DETERMINING AMOUNT INVOLVEDFormAndLineReferenceDesc
ExplanationPART V, LINE 2 THE METHOD FOR DETERMINING THE AMOUNT INVOLVED WAS COST OR CURRENCY CONVERSION.ExplanationTxt