2020-05-26T09:21:26-05:00 2019-06-30 390859910 BAKER TILLY VIRCHOW KRAUSE LLP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2018-07-01 050258956 RHODE ISLAND SCHOOL OF DESIGN RHOD 4014546766 TWO COLLEGE STREET PROVIDENCE RI 02903 DAVID PROULX SVP FINANCE & ADMINISTRATION 4014546766 2020-05-21 1 KERRI N BOGDA CPA P00760402 7177404863 73.101.37.214 2020-05-21 07:35:19 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 F58787FA80410BAE38B710EAF9FCC5760AD3BCDF 2018 2020-09-23 17:36:50Z ROSANNE SOMERSON TWO COLLEGE STREET PROVIDENCE RI 02903 251392608 0 X WWW.RISD.EDU X 1877 RI TO EDUCATE ITS STUDENTS AND THE PUBLIC IN THE CREATION AND APPRECIATION OF ART. 23 22 3268 107 1990470 1247943 18924283 10874858 153742925 161819046 43765181 48791728 646114 335590 217078503 221821222 22329192 25053838 0 0 88812589 96602815 0 0 3765735 59424955 61940038 170566736 183596691 46511767 38224531 627213718 696356053 180189942 244242093 447023776 452113960 X THE MISSION OF RHODE ISLAND SCHOOL OF DESIGN, THROUGH ITS COLLEGE AND MUSEUM, IS TO EDUCATE ITS STUDENTS AND THE PUBLIC IN THE CREATION AND APPRECIATION OF WORKS OF ART AND DESIGN, TO DISCOVER AND TRANSMIT KNOWLEDGE AND TO MAKE LASTING CONTRIBUTIONS TO A GLOBAL SOCIETY THROUGH CRITICAL THINKING, SCHOLARSHIP AND INNOVATION. 0 0 130765903 25053838 157425517 EDUCATION - RHODE ISLAND SCHOOL OF DESIGN WAS FOUNDED IN 1877, MAKING IT ONE OF THE FIRST ART AND DESIGN SCHOOLS IN THE US. APPROXIMATELY 2,500 STUDENTS FROM AROUND THE WORLD ARE ENGAGED IN LIBERAL ART STUDIES AND RIGOROUS, STUDIO-BASED LEARNING AT RISD, WHERE THEY CHOOSE FROM 19 STUDIO MAJORS AND EARN BACHELOR'S OR MASTER'S DEGREES IN THE FINE ARTS, ARCHITECTURE OR ART EDUCATION. EACH YEAR, MORE THAN 5,800 CHILDREN AND ADULTS ALSO ACCESS OUR SPECIALIZED STUDIO FACILITIES THROUGH RISD CONTINUING EDUCATION COURSES. 10356101 0 648432 MUSEUM - THE RISD MUSEUM WAS FOUNDED ON THE BELIEF THAT ART, ARTISTS, AND THE INSTITUTIONS THAT SUPPORT THEM PLAY PIVOTAL ROLES IN PROMOTING BROAD CIVIC ENGAGEMENT AND CREATING MORE OPEN SOCIETIES. THE RISD MUSEUM EDUCATES AND INSPIRES STUDENTS AND THE PUBLIC THROUGH EXHIBITIONS, LECTURES, TOURS, WORKSHOPS AND PUBLICATIONS AND PROVIDES FREE ACCESS TO DIGITAL IMAGES OF PUBLIC DOMAIN MATERIALS IN THE COLLECTION FOR ANY PURPOSE. WE WANT OUR COLLECTION, SCHOLARSHIP, AND INTERPRETIVE CONTENT TO BE ACCESSED, DISTRIBUTED, AND REUSED BY EVERYONE. 141122004 1 1 0 1 0 0 0 1 0 1 1 1 0 1 1 0 0 1 1 1 1 0 1 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 2611 0 3268 1 1 1 1 IT 0 0 0 0 0 0 0 0 0 0 X 23 22 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 0 1 1 0 CA NY NJ FL RI X X THOMAS MATTOS CONTROLLER 4014546649 TWO COLLEGE STREET PROVIDENCE RI 02903 MICHAEL H SPALTER TRUSTEE/CHAIR OF BOARD 2.00 X X 0 0 0 RICHARD W HAINING TRUSTEE/VICE CHAIR OF BOARD 2.00 1.00 X X 0 0 0 MARGARET A WILLIAMS TRUSTEE/VICE CHAIR OF BOARD 2.00 X X 0 0 0 DAVID C BARCLAY TRUSTEE 2.00 X 0 0 0 J SCOTT BURNS TRUSTEE 2.00 X 0 0 0 ERICA DI BONA TRUSTEE 2.00 X 0 0 0 KIM GASSETT-SCHILLER TRUSTEE 2.00 X 0 0 0 JOE GEBBIA TRUSTEE 2.00 X 0 0 0 ROBERT W GLASS TRUSTEE 2.00 X 0 0 0 KAREN HAMMOND TRUSTEE 2.00 1.00 X 0 0 0 JON KAMEN TRUSTEE/VICE CHAIR OF BOARD 2.00 X X 0 0 0 VIKRAM KIRLOSKAR TRUSTEE 2.00 X 0 0 0 MARY LOVEJOY TRUSTEE 2.00 X 0 0 0 NICOLE J MILLER TRUSTEE 2.00 X 0 0 0 STEVEN G PERELMAN TRUSTEE 2.00 X 0 0 0 LISA PEVAROFF-COHN TRUSTEE 2.00 X 0 0 0 TAVARES STRACHAN TRUSTEE 2.00 X 0 0 0 ROLAND V STURM TRUSTEE 2.00 X 0 0 0 ROSANNE SOMERSON PRESIDENT 50.00 1.00 X X 552416 0 85948 HE SHEIKHA AL MAYASSA BINT HAMAD BI TRUSTEE 2.00 X 0 0 0 CAROLINE BAUMANN TRUSTEE 2.00 X 0 0 0 ILENE CHAIKEN TRUSTEE 2.00 X 0 0 0 STACEY NICHOLAS TRUSTEE 2.00 X 0 0 0 STEVEN J MCDONALD GENERAL COUNSEL/SECRETARY 50.00 X 242565 0 51088 DAVID PROULX SVP FIN & ADMIN 50.00 1.00 X 264293 0 26959 O'NEIL ANDREW SUNIL OUTAR VP INSTITUTIONAL ENGAGEMENT 50.00 X 339797 0 28692 JOHN W SMITH DIRECTOR OF MUSEUM OF ART 50.00 X 283808 0 50455 RICHARD MICKOOL CHIEF INFORMATION OFFICER 50.00 X 197853 0 42682 JAMES PAUL O'HARA VP ENROLLMENT 50.00 X 226758 0 45130 CANDACE BAER VP HUMAN RESOURCES 50.00 X 210677 0 49695 DANIEL CAVICCHI DEAN, LIB. ARTS/ASSOC. PROVOST 50.00 X 191296 0 68670 MARIA ALESSANDRA L HERMANO VP OF INTEGRATED PLANNING 50.00 X 182214 0 56093 2691677 0 505412 119 0 1 0 SHAWMUT DESIGN & CONSTRUCTION 560 HARRISON AVENUE BOSTON MA 02118 CONSTRUCTION SVCS 13506213 GILBANE BUILDING COMPANY 7 JACKSON WALKWAY PROVIDENCE RI 02903 CONSTRUCTION SVCS 3100710 SITE SPECIFIC LLC 141 GANO STREET PROVIDENCE RI 02906 CONSTRUCTION SVCS 3032931 GLOBAL ENDOWMENT MANAGEMENT LP 550 S TRYON STREET SUITE 3500 CHARLOTTE NC 28202 INVESTMENT MGMT 1202416 INCLINE ALCHEMY 12647 ALCOSTA BLVD STE 240 SAN RAMON CA 94583 CONSULTING 795060 37 434175 10440683 1321101 10874858 TUITION/ROOM/BOARD 900099 157425517 157425517 BOOK/SUPPLY STORE 451211 3745097 3745097 MUSEUM 900099 648432 648432 161819046 5679741 1474154 4205587 72683373 29571386 43111987 43111987 180726 42931261 OUTSIDE CATERING 722320 226700 226700 SUMMER CONFERENCES 611110 108890 108890 335590 221821222 158073949 1990470 50881945 24947644 24947644 106194 106194 2083546 406328 1110522 566696 73041657 67528865 4307025 1205767 4734660 4281520 341435 111705 11701467 10581554 843840 276073 5041485 4558979 363562 118944 254583 254583 307066 307066 15313 15313 1415498 1415498 5733690 1207971 4122126 403593 308117 305161 2956 13070749 11567744 1248878 254127 5798862 5095234 454975 248653 7981577 3004325 4977252 3099576 2744336 26392 328848 6315529 10000 6305529 11226166 16194 11209972 752353 752088 265 MAINTENANCE SERVICES 1399400 641504 657536 100360 OTHER RENTAL EXPENSES 1285376 1182768 46306 56302 WORKS OF ART 934214 932464 1750 DUES AND MEMBERSHIPS 350920 332512 7309 11099 1691049 918619 691818 80612 183596691 141122004 38708952 3765735 39453947 8003791 9133608 33885335 5184249 4272205 2333205 2428636 3268152 2312192 1557611 1637329 1010471 1303989 454065009 208882434 212295212 245182575 17923218 9081009 326627872 335379399 8426173 52869593 627213718 696356053 9391603 16777195 8049360 7046143 148767242 204241645 13981737 16177110 180189942 244242093 X 309536961 308777410 78945181 83841531 58541634 59495019 447023776 452113960 627213718 696356053 X 38224531 -31820510 809533 -2123370 X 0 1 X 1 1 1 X 12894987 7161271 13094701 18924283 10874858 62950100 12894987 7161271 13094701 18924283 10874858 62950100 9063773 53886327 6688470 7134008 7455905 5062224 4205587 30546194 94917 74772 1768366 1938055 19142 26000 3745097 3790239 99224588 732073825 0.54310 0.53480 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FUNDRAISING EVENTS - 2015 AMOUNT: $ 19,142. 2017 AMOUNT: $ 26,000. BOOK/SUPPLY STORE - 2018 AMOUNT: $ 3,745,097. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 13413 1 1900 0 15313 0 PART II-B, LINE 1: RISD PAYS MEMBERSHIP DUES TO A NUMBER OF ARTS-AND-EDUCATION-RELATED AND PROFESSIONAL ORGANIZATIONS, SOME OF WHICH MAY ENGAGE IN LOBBYING ACTIVITIES ON BEHALF OF ALL MEMBERS. TOTAL MEMBERSHIP DUES PAID BY RISD DURING THE FISCAL YEAR WAS $364,322. WE ARE UNABLE TO DETERMINE THE SPECIFIC AMOUNT OF THAT TOTAL DEVOTED TO LOBBYING, BUT WE BELIEVE IT TO BE A RELATIVELY SMALL AND IMMATERIAL PORTION. A RISD EMPLOYEE DEVOTES A SMALL PORTION OF HER TIME TO PROMOTE RISD'S MISSION BY COMMUNICATING TO FEDERAL GOVERNMENT ENTITIES TO ADVOCATE FOR LEGISLATIVE AND POLICY INITIATIVES THAT SUPPORT HIGHER EDUCATION AND RISD'S AGENDA. X X X X X EDUCATION OF ARTISTS/DESIGN 0 349751090 2204660 17054669 4177848 12302815 1397941 351131815 329617433 7862794 27613364 3349337 11124893 868271 349751090 303435588 4885757 36450289 3654454 10963362 536385 329617433 324954472 2184349 -8145763 3346144 11202308 1009018 303435588 321597157 6119731 12626450 3141377 11138739 1108750 324954472 0.71460 0.16940 0.11600 0 1 1 9675598 9675598 331214438 151304858 179909580 66144531 57577576 8566955 47030442 47030442 245182575 ALTERNATIVE INVESTMENTS 335379399 F 335379399 INVESTMENT IN AFFILIATE 5200000 PLANNED GIVING 1630062 OTHER INVESTMENTS 1166468 FUNDS HELD IN TRUST 44873063 52869593 US GOVERNMENT LOAN FUNDS 1987895 INTEREST RATE SWAP 4181564 ASSET RETIREMENT OBLIGATION 5303879 CAPITAL LEASE OBLIG - LONG TERM 4703772 16177110 162021130 -31820510 -27979582 -59800092 221821222 0 221821222 157281323 153968 153968 157127355 26469336 26469336 183596691 PART III, LINE 1A: THE MAJORITY OF THE SCHOOL'S COLLECTIONS RESIDES IN THE MUSEUM AND CONSISTS OF ARTIFACTS OF HISTORICAL SIGNIFICANCE, ART OBJECTS AND BOOKS THAT ARE HELD FOR EDUCATIONAL, RESEARCH AND CURATORIAL PURPOSES. EACH OF THE ITEMS ARE CATALOGUED, PRESERVED AND CARED FOR AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED PERIODICALLY. THE COLLECTIONS ARE SUBJECT TO A POLICY THAT REQUIRES PROCEEDS FROM THEIR SALES TO BE USED TO ACQUIRE OTHER ITEMS FOR COLLECTIONS. THE SCHOOL EXPENDED $1,083,700 AND $449,861 FOR ACQUISITIONS DURING THE YEARS ENDED JUNE 30, 2019 AND 2018, RESPECTIVELY. PART III, LINE 4: THE MUSEUM OF ART, ALSO KNOWN AS THE RISD MUSEUM, IS RHODE ISLAND'S LEADING MUSEUM OF FINE AND DECORATIVE ART, HOUSING A COLLECTION OF 98,665 OBJECTS OF INTERNATIONAL SIGNIFICANCE IN SEVEN CURATORIAL COLLECTIONS. IT IS SOUTHEASTERN NEW ENGLAND'S ONLY COMPREHENSIVE ART MUSEUM AND IS ACCREDITED BY THE AMERICAN ASSOCIATION OF MUSEUMS. THE RISD MUSEUM STRIVES TO BE A VITAL CULTURAL RESOURCE BY EDUCATING AND INSPIRING A WIDE VARIETY OF AUDIENCES: FAMILIES AND INDIVIDUALS, SCHOLARS AND RESEARCHERS, ARTISTS AND DESIGNERS, AND STUDENTS OF ALL AGES. THE MUSEUM MAINTAINS AN ACTIVE PROGRAM OF EXHIBITIONS, LECTURES, TOURS, WORKSHOPS AND PUBLICATIONS DEDICATED TO THE INTERPRETATION OF ART AND DESIGN FROM DIVERSE CULTURES RANGING FROM ANCIENT TIMES TO THE PRESENT. PART V, LINE 4: THE INTENT OF THE ENDOWMENT FUND IS TO GENERATE INVESTMENT EARNINGS AS A SOURCE OF REVENUE FOR FUNDING THE SCHOOL'S GENERAL OPERATING ACTIVITIES AND FOR FUNDING SPECIFIC PURPOSES, EITHER RESTRICTED BY DONORS OR INTERNALLY DESIGNATED BY THE BOARD OF TRUSTEES. EXAMPLES OF SPECIFIC PURPOSES INCLUDE SCHOLARSHIP FOR STUDENTS, FACILITIES UPKEEP, RESEARCH, AND SUPPORT FOR THE MUSEUM AND OTHER ACADEMIC OPERATIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS -25,053,838. CHANGE IN VALUE OF INTEREST RATE SWAP -2,123,370. INVESTMENT FEES -1,415,498. INTERCOMPANY REVENUE ELIMINATION 613,124. PART XII, LINE 2D - OTHER ADJUSTMENTS: TRANSFER TO RISD HOLDINGS -351,932. INTERCOMPANY EXPENSE ELIMINATION 505,900. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 25,053,838. INVESTMENT FEES 1,415,498. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL'S RACIALLY NONDISCRIMINATORY POLICY CAN BE FOUND IN THE RHODE ISLAND SCHOOL OF DESIGN CATALOG AND STUDENT HANDBOOK. THE POLICY CAN ALSO BE FOUND AT HTTP://WWW.RISD.EDU/ABOUT/POLICIES-DISCLOSURES. SCHEDULE E, PART I, LINE 6 FINANCIAL AID IS RECEIVED FROM THE US DEPARTMENT OF EDUCATION IN THE FORM OF FEDERAL COLLEGE WORK STUDY, FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS, FEDERAL PELL GRANTS, FEDERAL PERKINS LOANS, FEDERAL DIRECT LOANS AND FEDERAL PLUS LOANS WHICH ARE ADMINISTERED THROUGH THE DIRECT LOAN PROGRAM. IN ADDITION, THE COLLEGE RECEIVES FINANCIAL AID FROM VARIOUS STATE SCHOLARSHIP PROGRAMS AND OTHER FEDERAL AGENCIES, E.G. VETERANS ADMINISTRATION AND BUREAU OF INDIAN AFFAIRS. 0 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 56887087 EUROPE (INCLUDING ICELAND & GREENLAND) 1 21 PROGRAM SERVICES INDEPENDENT STUDY 1297934 EAST ASIA AND THE PACIFIC 0 6 PROGRAM SERVICES INDEPENDENT STUDY 141654 SUB-SAHARAN AFRICA 0 2 PROGRAM SERVICES INDEPENDENT STUDY 54620 MIDDLE EAST AND NORTH AFRICA 0 11 PROGRAM SERVICES INDEPENDENT STUDY 977038 SOUTH AMERICA 0 4 PROGRAM SERVICES INDEPENDENT STUDY 75055 SOUTH ASIA 0 20 PROGRAM SERVICES INDEPENDENT STUDY 233312 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GRANTMAKING 48482 SOUTH AMERICA 0 0 GRANTMAKING 17950 EAST ASIA AND THE PACIFIC 0 0 GRANTMAKING 33682 SUB-SAHARAN AFRICA 0 0 GRANTMAKING 6080 1 64 0 0 1 64 59715182 57712 59772894 SCHOLARSHIPS/GRANTS EUROPE (INCLUDING ICELAND & GREENLAND) 15 48482 REDUCTION TO TUITION BOOK SCHOLARSHIPS/GRANTS SOUTH AMERICA 6 17950 REDUCTION TO TUITION BOOK SCHOLARSHIPS/GRANTS EAST ASIA AND THE PACIFIC 8 33682 REDUCTION TO TUITION BOOK SCHOLARSHIPS/GRANTS SUB-SAHARAN AFRICA 2 6080 REDUCTION TO TUITION BOOK 1 0 1 1 1 1 SCHEDULE F, LINE 3, COLUMN F: RHODE ISLAND SCHOOL OF DESIGN TRACKS EXPENSES FOR EACH INTERNATIONAL PROGRAM USING SEPARATE ACCOUNT NUMBERS. SCHEDULE F, PART IV, LINE 3 AND 5 THE ORGANIZATION HAS OWNERSHIP INTERESTS IN CERTAIN FOREIGN CORPORATIONS AND PARTNERSHIPS, HOWEVER, NO OWNERSHIP INTERESTS EXCEEDED THE THRESHOLD FOR REQUIRING THE FILING OF FORMS 5471 OR 8865. 1 SCHOLARSHIPS/GRANTS 1213 24947644 BOOK TUITION REDUCTION PART I, LINE 2: FINANCIAL AID IS CREDITED TO THE STUDENTS' ACCOUNTS TO COVER ANY OUTSTANDING INSTITUTIONAL CHARGES. ANY CREDIT BALANCE IS REFUNDED TO THE STUDENT TO BE USED FOR OTHER EDUCATIONAL-RELATED EXPENSES. STUDENTS RECEIVING FEDERAL AND/OR STATE AID MUST COMPLETE THE FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA). BY SIGNING THE FAFSA, THE STUDENT AGREES THAT HE OR SHE "WILL USE FEDERAL AND/OR STATE STUDENT FINANCIAL AID ONLY TO PAY THE COST OF ATTENDING AN INSTITUTION OF HIGHER EDUCATION." X X X X X 0 0 0 0 0 0 0 1 0 ROSANNE SOMERSON PRESIDENT 501638 0 50500 0 278 0 47830 0 38118 0 638364 0 0 0 STEVEN J MCDONALD GENERAL COUNSEL/SECRETARY 239787 0 2500 0 278 0 26773 0 24315 0 293653 0 0 0 DAVID PROULX SVP FIN & ADMIN 230588 0 20000 0 13705 0 26497 0 462 0 291252 0 0 0 O'NEIL ANDREW SUNIL OUTAR VP INSTITUTIONAL ENGAGEMENT 319543 0 20000 0 254 0 25930 0 2762 0 368489 0 0 0 JOHN W SMITH DIRECTOR OF MUSEUM OF ART 282192 0 0 0 1616 0 39330 0 11125 0 334263 0 0 0 RICHARD MICKOOL CHIEF INFORMATION OFFICER 196103 0 1750 0 0 0 20714 0 21968 0 240535 0 0 0 JAMES PAUL O'HARA VP ENROLLMENT 225116 0 1000 0 642 0 23289 0 21841 0 271888 0 0 0 CANDACE BAER VP HUMAN RESOURCES 209399 0 1000 0 278 0 22879 0 26816 0 260372 0 0 0 DANIEL CAVICCHI DEAN, LIB. ARTS/ASSOC. PROVOST 147818 0 1200 0 42278 0 20057 0 48613 0 259966 0 0 0 MARIA ALESSANDRA L HERMANO VP OF INTEGRATED PLANNING 181214 0 1000 0 0 0 18462 0 37631 0 238307 0 0 0 PART I, LINE 7 ON OCCASION CERTAIN INDIVIDUALS RECEIVE A BONUS OR OTHER FORM OF NON-FIXED PAYMENT IN RECOGNITION OF EXCELLENT JOB PERFORMANCE, AS A SIGN-ON BONUS OR OTHER ONE-TIME PAYMENT. THE AMOUNT OF SUCH BONUSES ARE SHOWN ON SCHEDULE J, PART II, COLUMN (B)(II). FINANCIAL METRICS ARE NOT USED IN BONUS CALCULATIONS. A RHODE ISLAND HEALTH AND EDUC BUILDING CORP 2008AB 521300173 762197CG4 2008-03-27 93780000 SEE PART VI 0 0 0 B RHODE ISLAND HEALTH AND EDUC BUILDING CORP 2012 521300173 762197KB6 2012-03-28 28791988 2001 BOND REFUNDING 0 0 0 C RHODE ISLAND HEALTH AND EDUC BUILDING CORP 2012B 521300173 762197KZ3 2012-08-29 57055694 2004D BOND REFUND 0 0 0 D RHODE ISLAND HEALTH AND EDUC BUILDING CORP 2018 521300173 762197YS4 2018-09-25 60533984 0 0 0 A 18310000 93780000 692102 87898 1935724 91064276 2008 1 0 1 1 B 4830000 28791988 329659 28462329 2012 1 0 1 1 C 9665000 57055694 446745 56608949 2012 0 1 1 1 D 60533984 438486 15981713 45314812 2022 0 0 0 1 A 0 1 0 0 0.00200 0.00000 0.00200 0 0 1 B 0 1 0 0 0.00000 0.00000 0.00000 0 0 1 C 0 1 0 0 0.00000 0.00000 0.00000 0 0 1 D 0 1 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 0 1 1 BARCLAYS 25.500000000000 0 0 0 0 1 B 0 0 1 0 0 0 0 0 1 C 0 0 1 0 0 0 0 0 1 D 0 0 1 0 1 0 0 0 1 A 1 B 1 C 1 D 1 SCHEDULE K, PART I, COLUMN F A. 2008AB BOND - FACILITY AQUIS/CONST/EQUIP/RENOV; REFUNDING OF 2004A, 2004B, 2006A, AND 2006B BONDS SCHEDULE K, PART IV, LINE 2B, COLUMN A: BOND PROCEEDS WERE SPENT IN ACCORDANCE WITH THE APPROVED SPENDING REQUIREMENTS, THUS NO REBATE PORTION. X 61 0 N/A X 24 1321101 NYSE 8 0 1 1 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS IS REPORTED ON LINE 1. THE NUMBER OF CONTRIBUTORS IS REPORTED ON LINE 9. PART I, LINE 32B: AN AUCTION HOUSE FACILITATES PUBLIC SALE OF NON-ACCESSIONED MUSEUM ITEMS. PART I, LINE 33: RHODE ISLAND SCHOOL OF DESIGN DOES NOT CAPITALIZE OR ASSIGN A VALUE TO ITS MUSEUM COLLECTIONS, BOOKS AND PUBLICATIONS, OR TO ANY INSIGNIFICANT ITEMS RECEIVED. THESE ITEMS ARE NOT RECOGNIZED AS ASSETS NOR REVENUE ON THE SCHOOL'S FINANCIAL STATEMENTS. ALSO SEE DESCRIPTION FOR SCHEDULE D, PART III, LINE 4. FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE SHALL HAVE AND EXERCISE ALL THE AUTHORITY OF THE BOARD BETWEEN MEETINGS OF THE BOARD, EXCEPT FOR THE AUTHORITY TO AMEND, ALTER, OR REPEAL THESE BYLAWS; ELECT, APPOINT, OR REMOVE ANY OFFICER OF THE BOARD OR OF THE COLLEGE OR ANY MEMBER OF ANY COMMITTEE OF THE BOARD; AMEND OR RESTATE THE COLLEGE'S ARTICLES OF INCORPORATION; ADOPT A PLAN OF MERGER OR A PLAN OF CONSOLIDATION WITH ANOTHER CORPORATION; AUTHORIZE THE SALE, LEASE, EXCHANGE, OR MORTGAGE OF ALL OR SUBSTANTIALLY ALL OF THE PROPERTY AND ASSETS OF THE COLLEGE; AUTHORIZE THE VOLUNTARY DISSOLUTION OF THE COLLEGE OR REVOKE PROCEEDINGS FOR SUCH DISSOLUTION; ADOPT A PLAN FOR THE DISTRIBUTION OF THE ASSETS OF THE COLLEGE; OR AMEND, ALTER, OR REPEAL ANY RESOLUTION OF THE BOARD THAT BY ITS TERMS PROVIDES THAT IT SHALL NOT BE AMENDED, ALTERED, OR REPEALED BY THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION A, LINE 7A BOTH RISD ALUMNI COUNCIL PRESIDENT AND IMMEDIATE PAST PRESIDENT FOR 2 YEARS AFTER TERM, SERVE AS EX-OFFICIO TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11B THE PROCESS FOR THE FY 2019 FORM 990 INCLUDES REVIEW BY SENIOR MANAGEMENT, THE AUDIT COMMITTEE, AND THE INDEPENDENT EXTERNAL TAX CONSULTANTS. THE AUDIT COMMITTEE IS PRESENTED WITH A COMPLETE DRAFT OF THE RETURN FOR ITS REVIEW. THE FULL BOARD RECEIVES A FINAL COPY OF FORM 990 BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, THE SCHOOL'S TRUSTEES' OFFICE DISTRIBUTES A SURVEY TO ALL OF THE TRUSTEES AND SENIOR ADMINISTRATORS REQUESTING INFORMATION ON MATTERS RELATING TO THE SCHOOL'S CONFLICT OF INTEREST POLICY. THERE ARE FOLLOW UP PROCEDURES TO ENSURE THAT SURVEYS ARE COMPLETED AND RETURNED FOR REVIEW. THE GENERAL COUNSEL'S OFFICE PROVIDES ASSISTANCE TO TRUSTEES AND SENIOR ADMINISTRATORS BY RESPONDING TO ANY QUESTIONS THEY MAY HAVE. IN ACCORDANCE WITH THE CONFLICT OF INTEREST POLICY, RESULTS OF THE COMPLETED SURVEYS ARE PRESENTED TO THE CHAIRS OF THE AUDIT COMMITTEE AND THE COMMITTEE ON TRUSTEES AND GOVERNANCE, AND THEN TO BOTH OF THOSE COMMITTEES FOR FINAL REVIEW. IN ADDITION TO THE ANNUAL SURVEY, THE TRUSTEES AND SENIOR ADMINISTRATORS ARE REQUIRED TO DISCLOSE ANY ADDITIONAL CONFLICTS THAT MAY ARISE DURING THE COURSE OF THE YEAR. PERIODIC REMINDERS ARE SENT OUT. FURTHER, WHENEVER ANY MATTER INVOLVING A CONFLICT OF INTEREST ON THE PART OF ANY TRUSTEE IS DISCUSSED OR PROPOSED FOR ACTION AT BOARD OR COMMITTEE MEETINGS, SUCH CONFLICT SHALL BE DISCLOSED TO OTHER TRUSTEES PRESENT, AND THE TRUSTEE HAVING SUCH CONFLICT SHALL NOT VOTE OR USE HIS OR HER PERSONAL INFLUENCE ON THE MATTER. FORM 990, PART VI, SECTION B, LINE 15 THE SCHOOL'S PROCESS FOR DETERMINING COMPENSATION FOR ITS OFFICERS (INCLUDING THE PRESIDENT) AND KEY EMPLOYEES INCLUDES: 1. PREPARING A DESCRIPTION OF THE POSITION AND REQUIREMENTS VIA A FORMAL JOB DESCRIPTION, JOB SUMMARY, OR ADVERTISEMENT. 2. DEVELOPING AN UNDERSTANDING OF THE EXTERNAL MARKET FOR SIMILAR POSITIONS AND REQUIREMENTS VIA VARIOUS SOURCES SUCH AS: COMPENSATION SURVEYS (E.G., YAFFEE, SNE CUPA, THE SURVEY GROUP); OTHER ORGANIZATIONS' FORM 990 DATA; DIALOG WITH SEARCH FIRMS; AND KNOWLEDGE OF APPLICANT POOL AND CURRENT EARNINGS. 3. CONSIDERING THE EXTERNAL MARKET DATA LISTED ABOVE IN LIGHT OF INTERNAL OPERATING BUDGET AND INTERNAL EQUITY FACTORS. 4. UNDERSTANDING THE CANDIDATE'S PREVIOUS EXPERIENCE AND SKILL SET AS RELATED TO THE POSITION'S REQUIREMENTS AND THE COLLEGE'S NEEDS. 5. ENGAGING AN INDEPENDENT COMPENSATION CONSULTANT TO DETERMINE AND VERIFY REASONABLENESS OF THE COMPENSATION LEVELS FOR THE INDIVIDUAL. 6. PRESENTING A RECOMMENDED HIRING RANGE (OFFER) TO RISD'S OFFICERS AND BOARD OF TRUSTEES, AS APPROPRIATE, FOR APPROVAL. 7. GENERATING AN OFFER LETTER OR CONTRACT. RISD HAS A COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. THE COMMITTEE ASSISTS THE BOARD IN ESTABLISHING AND REVIEWING THE COMPENSATION OF RISD'S SENIOR ADMINISTRATIVE STAFF ON AN ONGOING BASIS. THE SUBCOMMITTEE CONSISTS OF THE CHAIR OF THE BOARD, THE VICE CHAIR(S) OF THE BOARD AND THE CHAIR OF THE FINANCE COMMITTEE OF THE BOARD, AND WILL BE ASSISTED BY THE SECRETARY, THE PRESIDENT, THE VICE PRESIDENT FOR HUMAN RESOURCES, AND/OR THE GENERAL COUNSEL WHEN APPROPRIATE. THE SUBCOMMITTEE REVIEWS EACH INITIAL OFFER, EACH ANNUAL ADJUSTMENT, AND ANY OTHER ADJUSTMENTS. IN SO DOING, THE SUBCOMMITTEE REVIEWS CURRENT COMPARABLE DATA WITH THE ASSISTANCE OF AN INDEPENDENT COMPENSATION CONSULTANT AND DOCUMENTS ITS DECISIONS IN ITS MINUTES. FORM 990, PART VI, SECTION C, LINE 19 RISD MAKES AVAILABLE TO THE PUBLIC ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND CONSOLIDATED FINANCIAL STATEMENTS BY POSTING THESE DOCUMENTS ON WWW.RISD.EDU AND ALSO BY REQUEST. FORM 990, PART VI, LINE 14 THE SCHOOL HAS A WRITTEN DOCUMENT RETENTION AND DESTRUCTION POLICY IN PLACE. THIS POLICY, HOWEVER, HAS NOT BEEN APPROVED BY THE BOARD OF TRUSTEES. FORM 990, PART XI, LINE 9: SWAP VALUE ADJUSTMENT -2,123,370. TECHNOLOGY AND DESIGN BUILDINGS LLC TWO COLLEGE STREET PROVIDENCE RI 02903 050258956 REAL ESTATE RI 28115 0 RHODE ISLAND SCHOOL OF DESIGN RISD HOLDINGS INC TWO COLLEGE STREET PROVIDENCE RI 02903 050508151 REAL ESTATE RI 501(C)(25) RHODE ISLAND SCHOOL OF DESIGN 1 WASHINGTON PLACE HOLDINGS LP 550 SOUTH TRYON ST STE 3500 CHARLOTTE NC 28202 INVESTMENT NC RHODE ISLAND SCHOOL OF DESIGN EXCLUDED 7895765 275439754 0 1659699 0 1.00000 CHARITABLE REMAINDER TRUSTS (8) INVESTMENTS MA N/A T 0 1 0 0 1 0 0 0 0 0 0 1 1 0 0 1 0 1 1 0 RISD HOLDINGS INC A 260004 COST RISD HOLDINGS INC D 5200000 COST RISD HOLDINGS INC K 173892 COST RISD HOLDINGS INC O 122110 COST RISD HOLDINGS INC Q 235992 COST RISD HOLDINGS INC R 351932 COST SCHEDULE R, PART IV, LINE 1: CHARITABLE REMAINDER TRUSTS ARE DOMICILED IN MASSACHUSETTS, MARYLAND, CALIFORNIA, AND CONNECTICUT.