BERKLEE COLLEGE OF MUSIC INC: Form 990, tax year 2016
View the entire original 990 at ProPublica ↗
- Organization
- BERKLEE COLLEGE OF MUSIC INC (EIN 04-2300472)
- Tax period
- 2016-06-01 to 2017-05-31
- Filed
- 2018-04-13
- IRS object ID
- 201841039349301029
- Schema version
- 2016v3.1
- 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
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule F
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2018-04-13T17:22:59-05:00 | ReturnTs |
| Tax Period End | 2017-05-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KPMG LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 60 South Street | AddressLine1Txt |
| City | Boston | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02111 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2016-06-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 042300472 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BERKLEE COLLEGE OF MUSIC INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % DENISE M RICH | InCareOfNm |
| Business Name Control | BERK | BusinessNameControlTxt |
| Phone | 6177472287 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1140 BOYLSTON STREET | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 022153693 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | RICHARD HISEY | PersonNm |
| Person Title | SR. VP & CFO | PersonTitleTxt |
| Phone | 6177478089 | PhoneNum |
| Signature | 2018-04-11 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | TARA D'AGOSTINO | PreparerPersonNm |
| PTIN | P01245482 | PTIN |
| Phone | 6179881000 | PhoneNum |
| Preparation | 2018-04-10 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 167.68.102.5 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Federal Original Submission Id | 04502320181035000184 | FederalOriginalSubmissionId |
| Federal Original Submission Id | 2018-04-13 | FederalOriginalSubmissionIdDt |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | 9C37FB02EE77A6FF00EC66693955615721E3AD8A | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 9C37FB02EE77A6FF00EC66693955615721E3AD8A | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2016 | TaxYr |
| Build TS | 2021-01-29 14:40:06Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | ROGER H BROWN | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1140 BOYLSTON STREET | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 022153693 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $425,116,581 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.BERKLEE.EDU | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1945 | FormationYr |
| Legal Domicile State | MA | LegalDomicileStateCd |
| Activity Or Mission | THE MISSION OF BERKLEE COLLEGE OF MUSIC IS TO EDUCATE AND TRAIN STUDENTS TO EXCEL IN A CAREER OF MUSIC, DANCE AND/OR THEATRE. | ActivityOrMissionDesc |
| Voting Members Governing Body | 43 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 42 | VotingMembersIndependentCnt |
| Total Employee | 4247 | TotalEmployeeCnt |
| Total Volunteers | 40 | TotalVolunteersCnt |
| Total Gross UBI | $496,508 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $372,079 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $13,969,969 | PYContributionsGrantsAmt |
| CY Contributions Grants | $79,067,171 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $237,659,744 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $290,486,551 | CYProgramServiceRevenueAmt |
| PY Investment Income | $23,110,781 | PYInvestmentIncomeAmt |
| CY Investment Income | $17,243,286 | CYInvestmentIncomeAmt |
| PY Other Revenue | $1,378,047 | PYOtherRevenueAmt |
| CY Other Revenue | $2,935,722 | CYOtherRevenueAmt |
| PY Total Revenue | $276,118,541 | PYTotalRevenueAmt |
| CY Total Revenue | $389,732,730 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $43,700,043 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $60,916,759 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $130,602,263 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $152,269,093 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $7,408,920 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $81,623,816 | PYOtherExpensesAmt |
| CY Other Expenses | $93,128,616 | CYOtherExpensesAmt |
| PY Total Expenses | $255,926,122 | PYTotalExpensesAmt |
| CY Total Expenses | $306,314,468 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $20,192,419 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $83,418,262 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $628,070,205 | TotalAssetsBOYAmt |
| Total Assets EOY | $750,666,699 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $372,857,651 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $387,645,494 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $255,212,554 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $363,021,205 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | THE MISSION OF BERKLEE COLLEGE OF MUSIC IS TO FOSTER, ENCOURAGE AND PROMOTE THE CULTURE, STUDY, PRACTICE AND TEACHING OF VARIOUS BRANCHES OF MUSIC, THEATER, DANCING AND KINDRED ARTS. | MissionDesc |
| Significant New Program Srvc | Yes (true) | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $238,789,973 | ExpenseAmt |
| Grant | $60,916,759 | GrantAmt |
| Revenue | $238,117,201 | RevenueAmt |
| Desc | EDUCATION 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 6,400 STUDENTS FROM THE US AND OVER 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. THE TOTAL INCLUDES $35,394,704 RELATED TO THE EDUCATION AND INSTRUCTION OF STUDENTS AT THE BOSTON CONSERVATORY AT BERKLEE AS A RESULT OF THE MERGER ON JUNE 1, 2016. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $16,531,227 | ExpenseAmt |
| Revenue | $24,078,071 | RevenueAmt |
| Desc | BERKLEE ONLINE: BERKLEE COLLEGE OF MUSIC OFFERS DEGREES AND ACCREDITED PROGRAMS IN THE AREAS OF PRODUCTION, GUITAR, SONG WRITING, THEORY, HARMONY AND EAR TRAINING, AND THE MUSIC BUSINESS. CURRENTLY MORE THAN 9,800 STUDENTS PARTICIPATE IN ONLINE LEARNING. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $12,107,892 | ExpenseAmt |
| Revenue | $29,630,264 | RevenueAmt |
| Desc | AUXILIARY SERVICES: THE COLLEGE HAS RESIDENCE HALL FACILITIES TO PROVIDE HOUSING FOR THOSE STUDENTS THAT CHOOSE TO LIVE AT THE COLLEGE. THE COLLEGE ALSO PROVIDES MEAL PLANS FOR BOTH STUDENTS IN HOUSING AND THOSE COMMUTER STUDENTS THAT CHOOSE THIS PLAN. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $267,429,092 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | Yes (true) | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (true) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | false | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (true) | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (true) | SchoolOperatingInd |
| Foreign Office | Yes (true) | ForeignOfficeInd |
| Foreign Activities | Yes (true) | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (true) | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (true) | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (true) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | false | InvestTaxExemptBondsInd |
| Escrow Account | false | EscrowAccountInd |
| On Behalf Of Issuer | false | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | Yes (true) | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | false | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | Yes (true) | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (true) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (true) | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 1228 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 4247 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| Foreign Financial Account | Yes (true) | ForeignFinancialAccountInd |
| Foreign Country | SP | ForeignCountryCd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (true) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (true) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 43 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 42 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (true) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | Yes (true) | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | Yes (true) | InvestmentInJointVentureInd |
| Written Policy Or Procedure | false | WrittenPolicyOrProcedureInd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MA | StatesWhereCopyOfReturnIsFldCd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DENISE M RICH | PersonNm |
| Phone | 6177473191 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1140 BOYLSTON STREET | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 022153693 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (54 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|---|
| DAVID ABRAMS | |||||||||
| TRUSTEE | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| LUIS ALVAREZ | |||||||||
| TRUSTEE | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| LES BAKER | |||||||||
| TRUSTEE | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| MICHAEL A BROWN | |||||||||
| TRUSTEE | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| DAVID CLEM | |||||||||
| TRUSTEE | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| JOHN CONNAUGHTON | |||||||||
| TRUSTEE | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| CYNTHIA CURME | |||||||||
| TRUSTEE | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| MICHAEL R EISENSON | |||||||||
| VICE CO-CHAIR | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| EMILIO ESTEFAN | |||||||||
| TRUSTEE | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| GLORIA ESTEFAN | |||||||||
| TRUSTEE | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| MONICA GIRALDO | |||||||||
| TRUSTEE - END 3/17 | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| DEAN GOODERMOTE | |||||||||
| TRUSTEE | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| DAVID GROSS-LOH | |||||||||
| TRUSTEE | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| JOSH GRUSS | |||||||||
| TRUSTEE | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| CHRISTOPHER GUEST | |||||||||
| TRUSTEE - END 3/17 | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| NILS GUMS | |||||||||
| TRUSTEE | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| DAN HARPLE | |||||||||
| TRUSTEE | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| KRISTINE MOYER HIGGINS | |||||||||
| TRUSTEE | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| CHARLES HIRSCHHORN | |||||||||
| TRUSTEE | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| STEVEN HOLTZMAN | |||||||||
| TRUSTEE | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| BILL KAISER | |||||||||
| TRUSTEE | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| JOEL KATZ | |||||||||
| TRUSTEE | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| BJ KRINTZMAN | |||||||||
| TRUSTEE | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| LAURA KUNKEMUELLER | |||||||||
| TRUSTEE | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| SARA LAWRENCE-LIGHTFOOT | |||||||||
| TRUSTEE | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| MIE KYUNG LEE | |||||||||
| TRUSTEE | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| MARTIN MANNION | |||||||||
| VICE CO-CHAIR | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| DEMOND MARTIN | |||||||||
| TRUSTEE | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| MARC MAYER | |||||||||
| TRUSTEE | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| JANE MENDILLO | |||||||||
| TRUSTEE | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| FREDERICK T MILLER | |||||||||
| TRUSTEE | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| PETER MULLER | |||||||||
| TRUSTEE | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| MEGAN O'BLOCK | |||||||||
| TRUSTEE | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| ANTHONY PANGARO | |||||||||
| TRUSTEE | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| ALEX RIGOPULOS | |||||||||
| TRUSTEE | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| JEFF SHAMES | |||||||||
| TRUSTEE | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| DAVID SCOTT SLOAN | |||||||||
| TRUSTEE | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| DARIUS SIDEBOTHAM | |||||||||
| TRUSTEE | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| SUSAN SOLOMONT | |||||||||
| TRUSTEE | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| JEFFREY C WALKER | |||||||||
| TRUSTEE | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| SUSAN WHITEHEAD | |||||||||
| CHAIR OF THE BOARD | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| ANN MARIE WILKINS | |||||||||
| TRUSTEE | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| MARY ZACHARIS | |||||||||
| TRUSTEE | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| BARRY ZUBROW | |||||||||
| TRUSTEE | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| ROGER H BROWN | |||||||||
| PRESIDENT | 35.0 | 0.0 | Yes (X) | $577,133 | $0 | $60,252 | Yes (X) | ||
| RICHARD HISEY | |||||||||
| SR VICE PRESIDENT/TREASURER | 35.0 | 0.0 | $332,446 | $0 | $48,139 | Yes (X) | |||
| MELISSA HOWE | |||||||||
| SECRETARY/CHIEF OF STAFF | 35.0 | 0.0 | $165,600 | $0 | $19,228 | Yes (X) | |||
| RICHARD ORTNER | |||||||||
| PRESIDENT - TBCB | 35.0 | 0.0 | $302,260 | $0 | $35,117 | Yes (X) | |||
| LAWRENCE J SIMPSON | |||||||||
| SR VP ACADEMIC AFFAIRS | 35.0 | 0.0 | $327,524 | $0 | $49,216 | Yes (X) | |||
| DAVID S MASH | |||||||||
| SR VP INNOVATION/STRATEGY | 35.0 | 0.0 | $329,447 | $0 | $43,158 | Yes (X) | |||
| CYNTHIA LINK | |||||||||
| SR VP INST. ADVANCEMENT | 35.0 | 0.0 | $299,189 | $0 | $59,690 | Yes (X) | |||
| DAVID GREGORY | |||||||||
| VP TECH RESOURCES | 35.0 | 0.0 | $289,625 | $0 | $46,446 | Yes (X) | |||
| DEBORAH CAVALIER | |||||||||
| SR VP ONLINE LEARNING | 35.0 | 0.0 | $293,105 | $0 | $38,018 | Yes (X) | |||
| THOMAS RILEY | |||||||||
| VP EXTERNAL AFFAIRS | 35.0 | 0.0 | $280,420 | $0 | $49,541 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $3,196,749 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $448,805 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 274 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| COLUMBIA CONSTRUCTION COMPANY | |||||
| 100 RIVERPARK DRIVE | NORTH READING | MA | 01864 | CONSTRUCTION | $11,791,981 |
| ARAMARK SERVICES INC | |||||
| 1057 SOLUTIONS CENTER | CHICAGO | IL | 60677 | FOOD SERVICES | $5,807,024 |
| ACME BUILDING SERVICES INC | |||||
| LAKESIDE OFFICE PARK DOOR 6 | WAKEFIELD | MA | 01880 | CUSTODIAL SERVICES | $3,105,772 |
| SECURITAS SECURITY SERVICES INC | |||||
| PO BOX 403412 | ATLANTA | GA | 303843412 | SECURITY SERVICES | $2,017,406 |
| 1600 AMPHITHEATRE PARKWAY | MOUNTAIN VIEW | CA | 94043 | ADVERTISING | $1,518,295 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 122 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $2,345,674 | FundraisingAmt |
| Government Grants | $1,003,746 | GovernmentGrantsAmt |
| All Other Contributions | $75,717,751 | AllOtherContributionsAmt |
| Noncash Contributions | $60,795,105 | NoncashContributionsAmt |
| Total Contributions | $79,067,171 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| TUITION & FEES | 611710 | $235,298,481 | $235,298,481 |
| ROOM & BOARD | 721310 | $29,630,261 | $29,630,261 |
| BERKLEE ONLINE | 611710 | $24,078,071 | $24,078,071 |
| PERFORMANCE CENTER | 611710 | $1,056,283 | $1,056,283 |
| OTHER INCOME | 611710 | $423,455 | $423,455 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $290,486,551 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $227,941 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | -$176,048 | UnrelatedBusinessRevenueAmt |
| Exclusion | $403,989 | ExclusionAmt |
Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $1,850,041 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $2,465,510 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | -$615,469 | RealAmt |
| Personal | $0 | PersonalAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$615,469 | TotalRevenueColumnAmt |
| Exclusion | -$615,469 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $46,683,985 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $29,668,640 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $17,015,345 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $17,015,345 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $560,569 | UnrelatedBusinessRevenueAmt |
| Exclusion | $16,454,776 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $329,641 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $2,345,674 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $768,650 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$439,009 | TotalRevenueColumnAmt |
| Exclusion | -$439,009 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gaming Gross Income | $0 | GamingGrossIncomeAmt |
| Gaming Direct Expenses | $0 | GamingDirectExpensesAmt |
Net Income From Gaming NetIncomeFromGamingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $3,820,037 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $2,481,051 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,338,985 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $1,338,985 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | ExclusionExclusionAmt |
|---|---|---|---|
| PREMIUM AMORTIZATION | 900099 | $1,053,212 | $1,053,212 |
| PERKINS REFUND | 900099 | $770,438 | $770,438 |
| BOOKSTORE | 451211 | $421,401 | $421,401 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $406,164 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $111,987 | UnrelatedBusinessRevenueAmt |
| Exclusion | $294,177 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $2,651,215 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $389,732,730 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $291,825,536 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $496,508 | UnrelatedBusinessRevenueAmt |
| Exclusion | $18,343,515 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $60,916,759 | TotalAmt |
| Program Services | $60,916,759 | ProgramServicesAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,143,922 | TotalAmt |
| Program Services | $764,607 | ProgramServicesAmt |
| Management And General | $625,241 | ManagementAndGeneralAmt |
| Fundraising | $754,074 | FundraisingAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $132,041 | TotalAmt |
| Program Services | $132,041 | ProgramServicesAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $116,537,698 | TotalAmt |
| Program Services | $97,715,626 | ProgramServicesAmt |
| Management And General | $15,101,147 | ManagementAndGeneralAmt |
| Fundraising | $3,720,925 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,650,023 | TotalAmt |
| Program Services | $27,036 | ProgramServicesAmt |
| Management And General | $7,596,005 | ManagementAndGeneralAmt |
| Fundraising | $26,982 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $17,477,572 | TotalAmt |
| Program Services | $26,312,688 | ProgramServicesAmt |
| Management And General | -$9,874,935 | ManagementAndGeneralAmt |
| Fundraising | $1,039,819 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,327,837 | TotalAmt |
| Program Services | $7,042,574 | ProgramServicesAmt |
| Management And General | $993,898 | ManagementAndGeneralAmt |
| Fundraising | $291,365 | FundraisingAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,820,060 | TotalAmt |
| Program Services | $4,820,060 | ProgramServicesAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,476,468 | TotalAmt |
| Program Services | $16,443 | ProgramServicesAmt |
| Management And General | $1,460,025 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $464,203 | TotalAmt |
| Management And General | $464,203 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,769,470 | TotalAmt |
| Program Services | $4,859,538 | ProgramServicesAmt |
| Management And General | $827,888 | ManagementAndGeneralAmt |
| Fundraising | $82,044 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,858,472 | TotalAmt |
| Program Services | $3,426,074 | ProgramServicesAmt |
| Management And General | $1,220,933 | ManagementAndGeneralAmt |
| Fundraising | $211,465 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,359,683 | TotalAmt |
| Program Services | $4,550,531 | ProgramServicesAmt |
| Management And General | $3,534,272 | ManagementAndGeneralAmt |
| Fundraising | $274,880 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,056,271 | TotalAmt |
| Program Services | $1,231,930 | ProgramServicesAmt |
| Management And General | $4,824,341 | ManagementAndGeneralAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,590,562 | TotalAmt |
| Program Services | $1,590,562 | ProgramServicesAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,081,609 | TotalAmt |
| Program Services | $13,801,987 | ProgramServicesAmt |
| Management And General | $279,378 | ManagementAndGeneralAmt |
| Fundraising | $244 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,642,055 | TotalAmt |
| Program Services | $1,729,534 | ProgramServicesAmt |
| Management And General | $595,458 | ManagementAndGeneralAmt |
| Fundraising | $317,063 | FundraisingAmt |
Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $744,188 | TotalAmt |
| Program Services | $434,460 | ProgramServicesAmt |
| Management And General | $247,260 | ManagementAndGeneralAmt |
| Fundraising | $62,468 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,720,256 | TotalAmt |
| Program Services | $10,720,256 | ProgramServicesAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,336,336 | TotalAmt |
| Program Services | $14,336,336 | ProgramServicesAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $480,719 | TotalAmt |
| Management And General | $480,719 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | FundraisingFundraisingAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|---|
| COST OF MEALS | $6,437,780 | $6,393,255 | $44,525 | |
| EVENT EXPENSE | $2,034,160 | $1,463,139 | $354,412 | $216,609 |
| AUDITIONING | $1,279,795 | $1,272,682 | $7,113 | |
| MEMBERSHIPS | $727,161 | $184,973 | $21,009 | $521,179 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,249,368 | TotalAmt |
| Program Services | $3,686,001 | ProgramServicesAmt |
| Management And General | $2,355,722 | ManagementAndGeneralAmt |
| Fundraising | $207,645 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $306,314,468 | TotalAmt |
| Program Services | $267,429,092 | ProgramServicesAmt |
| Management And General | $31,476,456 | ManagementAndGeneralAmt |
| Fundraising | $7,408,920 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $49,303,491 | BOYAmt |
| EOY | $62,664,931 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,753,420 | BOYAmt |
| EOY | $12,922,625 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $433,646 | BOYAmt |
| EOY | $417,789 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,301,145 | BOYAmt |
| EOY | $3,883,849 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $441,005,873 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $148,496,580 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $224,674,925 | BOYAmt |
| EOY | $292,509,293 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $316,410,569 | BOYAmt |
| EOY | $358,716,518 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,193,009 | BOYAmt |
| EOY | $19,551,694 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $628,070,205 | BOYAmt |
| EOY | $750,666,699 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $89,641,446 | BOYAmt |
| EOY | $78,507,331 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $30,650,010 | BOYAmt |
| EOY | $28,407,430 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $249,414,116 | BOYAmt |
| EOY | $277,453,048 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,152,079 | BOYAmt |
| EOY | $3,277,685 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $372,857,651 | BOYAmt |
| EOY | $387,645,494 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $187,082,682 | BOYAmt |
| EOY | $273,208,711 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $25,731,734 | BOYAmt |
| EOY | $40,508,165 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $42,398,138 | BOYAmt |
| EOY | $49,304,329 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $255,212,554 | BOYAmt |
| EOY | $363,021,205 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $628,070,205 | BOYAmt |
| EOY | $750,666,699 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $83,418,262 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $20,206,529 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $4,183,860 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (true) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (true) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $10,978,986 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $16,973,380 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $20,940,141 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $13,969,969 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $18,623,012 | CurrentTaxYearAmt |
| Total | $81,485,488 | TotalAmt |
Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $10,978,986 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $16,973,380 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $20,940,141 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $13,969,969 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $18,623,012 | CurrentTaxYearAmt |
| Total | $81,485,488 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $12,569,402 | SubstantialContributorsTotAmt |
| Public Support Total170 | $68,916,086 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,941,641 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,986,219 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,790,536 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,608,600 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,077,982 | CurrentTaxYearAmt |
| Total | $9,404,978 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $188,262 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $133,446 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $460,568 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $513,539 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $373,079 | CurrentTaxYearAmt |
| Total | $1,668,894 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,101,928 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,288,098 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,814,892 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,178,023 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,868,869 | CurrentTaxYearAmt |
| Total | $8,251,810 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $100,811,170 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $1,173,240,972 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.68362 | PublicSupportCY170Pct |
| Public Support PY170 | 0.69940 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Public Exhibition Amounts | ArtPublicExhibitionAmountsGrp | |
| Held Works Art | HeldWorksArtGrp | |
| Agent Trustee Etc | false | AgentTrusteeEtcInd |
| Incl Escrow Custodial Acct Liab | false | InclEscrowCustodialAcctLiabInd |
| Explanation Provided | Yes (X) | ExplanationProvidedInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $316,410,569 | BeginningYearBalanceAmt |
| Contributions | $21,034,097 | ContributionsAmt |
| Investment Earnings Or Losses | $37,221,874 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $2,078,168 | GrantsOrScholarshipsAmt |
| Other Expenditures | $13,871,854 | OtherExpendituresAmt |
| End Year Balance | $358,716,518 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $327,745,268 | BeginningYearBalanceAmt |
| Contributions | $6,167,204 | ContributionsAmt |
| Investment Earnings Or Losses | -$3,245,483 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $6,015,674 | GrantsOrScholarshipsAmt |
| Other Expenditures | $8,240,746 | OtherExpendituresAmt |
| End Year Balance | $316,410,569 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $321,453,450 | BeginningYearBalanceAmt |
| Contributions | $5,167,442 | ContributionsAmt |
| Investment Earnings Or Losses | $14,102,364 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $3,655,853 | GrantsOrScholarshipsAmt |
| Other Expenditures | $9,322,135 | OtherExpendituresAmt |
| End Year Balance | $327,745,268 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $290,634,435 | BeginningYearBalanceAmt |
| Contributions | $2,936,790 | ContributionsAmt |
| Investment Earnings Or Losses | $39,425,073 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $632,810 | GrantsOrScholarshipsAmt |
| Other Expenditures | $10,910,038 | OtherExpendituresAmt |
| End Year Balance | $321,453,450 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $243,450,428 | BeginningYearBalanceAmt |
| Contributions | $12,504,444 | ContributionsAmt |
| Investment Earnings Or Losses | $45,086,648 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $863,414 | GrantsOrScholarshipsAmt |
| Other Expenditures | $9,543,671 | OtherExpendituresAmt |
| End Year Balance | $290,634,435 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.83010 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.12060 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.04930 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | false | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | false | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $53,293,375 | OtherCostOrOtherBasisAmt |
| Book Value | $53,293,375 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $186,041,567 | OtherCostOrOtherBasisAmt |
| Depreciation | $32,806,584 | DepreciationAmt |
| Book Value | $153,234,983 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $150,271,467 | OtherCostOrOtherBasisAmt |
| Depreciation | $81,812,907 | DepreciationAmt |
| Book Value | $68,458,560 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $48,072,484 | OtherCostOrOtherBasisAmt |
| Depreciation | $32,467,675 | DepreciationAmt |
| Book Value | $15,604,809 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $3,326,980 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,409,414 | DepreciationAmt |
| Book Value | $1,917,566 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $292,509,293 | TotalBookValueLandBuildingsAmt |
| Federal Income Tax Liability | $0 | FederalIncomeTaxLiabilityAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | REFUNDABLE ADVANCES - U.S. GOV | Desc |
| Amt | $3,277,685 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $3,277,685 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $429,600,235 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $20,206,529 | NetUnrealizedGainsInvstAmt |
| Other Revenue | $22,166,731 | OtherRevenueAmt |
| Revenue Not Reported | $42,373,260 | RevenueNotReportedAmt |
| Revenue Subtotal | $387,226,975 | RevenueSubtotalAmt |
| Other Revenues Not Included | $2,505,755 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $2,505,755 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $389,732,730 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $321,694,866 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $15,380,398 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $15,380,398 | ExpensesNotReportedAmt |
| Expenses Subtotal | $306,314,468 | ExpensesSubtotalAmt |
| Total Expenses Per Form990 | $306,314,468 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| ESCROW AND CUSTODIAL ARRANGEMENTS | PART 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. |
| ENDOWMENT FUNDS | PART 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, 2017 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 RETURN | PART XI, LINE 2D BERKLEE VALENCIA REVENUE 9,761,905 PENSION OBLIGATION CHANGES OTHER THAN NET PERIODIC COSTS 12,404,826 TOTAL 22,166,731 |
| REVENUE INCLUDED ON RETURN BUT NOT IN FINANCIAL STATEMENTS | PART XI, LINE 4B LOSS ON EXTINGUISHMENT OF DEBT 8,220,966 RECLASS OF FUNDRAISING EXPENSE (768,650) RECLASS OF RENTAL EXPENSE (2,465,510) BERKLEE LAPTOP PROGRAM COSTS OF GOODS SOLD (2,481,051) TOTAL 2,505,755 |
| OTHER EXPENSES INCLUDED IN FINANCIAL STATEMENTS BUT NOT ON RETURN | PART XII, LINE 2D BERKLEE VALENCIA EXPENSES 9,665,187 BERKLEE LAPTOP PROGRAM COST OF GOODS SOLD 2,481,051 RECLASS OF RENTAL EXPENSE 2,465,510 RECLASS OF FUNDRAISING EXPENSE 768,650 TOTAL 15,380,398 |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (true) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (true) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (true) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (true) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (true) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (true) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (true) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | false | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | false | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | false | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | false | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | false | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | false | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | false | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | false | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (true) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | false | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (true) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PUBLICIZE NONDISCRIMINATORY POLICY | LINE 3 THE COLLEGE'S POLICY OF NONDISCRIMINATION IS PUBLISHED IN ALL COLLEGE CATALOGUES AND BROCHURES, ALL EMPLOYMENT ADVERTISEMENTS, AS WELL AS ON THE COLLEGE'S WEBSITE WWW.BERKLEE.EDU. |
| FINANCIAL AID OR ASSISTANCE | LINE 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 (14 entries)
| RegionRegionTxt | OfficesOfficesCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Specific Services ProvidedSpecificServicesProvidedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|
| Europe (Including Iceland and Greenland) | 1 | Program Services | VALENCIA CAMPUS | $9,665,187 |
| Europe (Including Iceland and Greenland) | Program Services | STUDY ABROAD | $62,629 | |
| Central America and the Caribbean | Investments | $96,563,186 | ||
| South America | Program Services | STUDY ABROAD | $104,215 | |
| South Asia | Program Services | STUDY ABROAD | $279,935 | |
| North America | Program Services | STUDY ABROAD | $164,538 | |
| Central America and the Caribbean | Program Services | BERKLEE ONLINE | $0 | |
| Europe (Including Iceland and Greenland) | Program Services | BERKLEE ONLINE | $0 | |
| Middle East and North Africa | Program Services | BERKLEE ONLINE | $0 | |
| North America | Program Services | BERKLEE ONLINE | $0 | |
| Russia and the Newly Independent States | Program Services | BERKLEE ONLINE | $0 | |
| South America | Program Services | BERKLEE ONLINE | $0 | |
| South Asia | Program Services | BERKLEE ONLINE | $0 | |
| Sub-Saharan Africa | Program Services | BERKLEE ONLINE | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 1 | SubtotalOfficesCnt |
| Total Office | 1 | TotalOfficeCnt |
| Subtotal Spent | $106,839,690 | SubtotalSpentAmt |
| Total Spent | $106,839,690 | TotalSpentAmt |
| Transfer To Foreign Corp | Yes (true) | TransferToForeignCorpInd |
| Interest In Foreign Trust | false | InterestInForeignTrustInd |
| Foreign Corp Ownership | Yes (true) | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | Yes (true) | PassiveForeignInvestmestCoInd |
| Foreign Partnership | Yes (true) | ForeignPartnershipInd |
| Boycott Countries | Yes (true) | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 3 | FormAndLineReferenceDesc |
| Explanation | THE ACTIVITY CONDUCTED IN SPAIN IS MANAGEMENT AND PROGRAM SERVICES, INCLUDING GRADUATE PROGRAMS, AND STUDY ABROAD FOR THE COLLEGE'S FIRST INTERNATIONAL CAMPUS. THE VALENCIA CAMPUS HAS 96 EMPLOYEES. | ExplanationTxt |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | GALA | Event1Nm |
| Gross Receipts Event1 | $1,815,563 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $1,580,994 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $234,569 | GrossRevenueEvent1Amt |
| Rent Facility Costs Event1 | $361,083 | RentFacilityCostsEvent1Amt |
| Entertainment Event1 | $15,913 | EntertainmentEvent1Amt |
| Other Direct Expenses Event1 | $34,488 | OtherDirectExpensesEvent1Amt |
| Event2 | GALA - TBCB | Event2Nm |
| Gross Receipts Event2 | $771,372 | GrossReceiptsEvent2Amt |
| Charitable Contri Event2 | $692,500 | CharitableContriEvent2Amt |
| Gross Revenue Event2 | $78,872 | GrossRevenueEvent2Amt |
| Rent Facility Costs Event2 | $168,143 | RentFacilityCostsEvent2Amt |
| Entertainment Event2 | $111,844 | EntertainmentEvent2Amt |
| Other Direct Expenses Event2 | $35,468 | OtherDirectExpensesEvent2Amt |
| Other Events Total | 2 | OtherEventsTotalCnt |
| Gross Receipts Other Events | $88,380 | GrossReceiptsOtherEventsAmt |
| Charitable Contri Other Events | $72,180 | CharitableContriOtherEventsAmt |
| Gross Revenue Other Events | $16,200 | GrossRevenueOtherEventsAmt |
| Oth Direct Expnss Other Events | $41,711 | OthDirectExpnssOtherEventsAmt |
| Gross Receipts Total | $2,675,315 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $2,345,674 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $329,641 | GrossRevenueTotalEventsAmt |
| Rent Fclty Costs Total Events | $529,226 | RentFcltyCostsTotalEventsAmt |
| Entertainment Total Events | $127,757 | EntertainmentTotalEventsAmt |
| Oth Direct Expnss Total Events | $111,667 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $768,650 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$439,009 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (5 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt |
|---|---|---|
| INTERNAL SCHOLARSHIPS | 2985 | $55,197,743 |
| EXTERNAL SCHOLARSHIPS | 422 | $4,879,606 |
| COLLEGE WORK STUDY | 259 | $332,814 |
| MASSACHUSETTS STATE SCHOLARSHIPS | 106 | $161,700 |
| SEOG FINANCIAL AID AWARDS | 243 | $344,896 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | ORGANIZATION'S PROCEDURE FOR MONITORING THE USE OF GRANT FUNDS | FormAndLineReferenceDesc |
| Explanation | PART 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. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Written Policy Ref T And E Expnss | Yes (true) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (true) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | Yes (true) | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (true) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | false | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | Yes (true) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (10 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROGER H BROWN | ||||||||||||||
| PRESIDENT | $439,713 | $0 | $92,914 | $0 | $44,506 | $0 | $23,850 | $0 | $36,402 | $0 | $637,385 | $0 | $0 | $0 |
| RICHARD HISEY | ||||||||||||||
| SR VICE PRESIDENT/TREASURER | $273,325 | $0 | $35,735 | $0 | $23,386 | $0 | $23,850 | $0 | $24,289 | $0 | $380,585 | $0 | $0 | $0 |
| MELISSA HOWE | ||||||||||||||
| SECRETARY/CHIEF OF STAFF | $149,815 | $0 | $4,951 | $0 | $10,834 | $0 | $14,185 | $0 | $5,043 | $0 | $184,828 | $0 | $0 | $0 |
| RICHARD ORTNER | ||||||||||||||
| PRESIDENT - TBCB | $167,742 | $0 | $100,000 | $0 | $34,518 | $0 | $10,821 | $0 | $24,296 | $0 | $337,377 | $0 | $0 | $0 |
| LAWRENCE J SIMPSON | ||||||||||||||
| SR VP ACADEMIC AFFAIRS | $272,889 | $0 | $23,681 | $0 | $30,954 | $0 | $23,850 | $0 | $25,366 | $0 | $376,740 | $0 | $0 | $0 |
| DAVID S MASH | ||||||||||||||
| SR VP INNOVATION/STRATEGY | $297,495 | $0 | $24,225 | $0 | $7,727 | $0 | $23,850 | $0 | $19,308 | $0 | $372,605 | $0 | $0 | $0 |
| CYNTHIA LINK | ||||||||||||||
| SR VP INST. ADVANCEMENT | $236,809 | $0 | $22,240 | $0 | $40,140 | $0 | $23,850 | $0 | $35,840 | $0 | $358,879 | $0 | $0 | $0 |
| DAVID GREGORY | ||||||||||||||
| VP TECH RESOURCES | $275,068 | $0 | $6,825 | $0 | $7,732 | $0 | $23,850 | $0 | $22,596 | $0 | $336,071 | $0 | $0 | $0 |
| DEBORAH CAVALIER | ||||||||||||||
| SR VP ONLINE LEARNING | $222,074 | $0 | $50,000 | $0 | $21,031 | $0 | $22,758 | $0 | $15,260 | $0 | $331,123 | $0 | $0 | $0 |
| THOMAS RILEY | ||||||||||||||
| VP EXTERNAL AFFAIRS | $244,959 | $0 | $10,729 | $0 | $24,732 | $0 | $23,850 | $0 | $25,691 | $0 | $329,961 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| BENEFITS | PART I, LINE 1A TRAVEL FOR COMPANIONS IS PROVIDED ONLY TO THE PRESIDENT AND IS INCLUDED AS TAXABLE COMPENSATION ON HIS FORM W-2. 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 INDIVIDUALS FORM W-2. THE PRESIDENT/EXECUTIVE DIRECTOR OF THE BOSTON CONSERVATORY AT BERKLEE RECEIVES A HOUSING ALLOWANCE. THE BOARD OF TRUSTEES OF THE FORMER BOSTON CONSERVATORY VOTED TO APPROVE THE AMOUNT OF THE HOUSING ALLOWANCE FOR THE PRESIDENT. THE HOUSING ALLOWANCE IS INCLUDED AS PART OF THE PRESIDENT'S TAXABLE COMPENSATION. |
| SEVERANCE ARRANGEMENT | PART I, LINE 4A THE PRESIDENT/EXECUTIVE DIRECTOR OF THE BOSTON CONSERVATORY AT BERKLEE HAS AN EMPLOYMENT AGREEMENT WITH A CONDITIONAL SEVERANCE CLAUSE THAT WAS EXECUTED IN JUNE 2017. |
| SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN | PART I, LINE 4B ROGER BROWN AND DAVID MASH PARTICIPATE IN A FROZEN NONQUALIFIED SUPPLEMENTAL RETIREMENT PLAN. THERE WERE NO DISTRIBUTIONS FROM THE PLAN IN CALENDAR YEAR 2016. |
| NON-FIXED PAYMENTS | PART 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 (3 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | CUSIPCUSIPNum | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|---|
| MHEFA REVENUE BOND SERIES 2007A | ||||||||
| A | 042456011 | 57586CE27 | 2007-08-08 | $178,014,966 | BUILDING, EQUIP, RENO, REFINANCE | false | false | false |
| MDFA REVENUE BONDS SERIES 2011 | ||||||||
| B | 043431814 | 57583UJE9 | 2011-09-22 | $95,437,831 | PURCHASE LAND, BUILDING, EQUIPMENT | false | false | false |
| MDFA REVENUE BONDS SERIES 2016 | ||||||||
| C | 043431814 | 57584XUU3 | 2016-08-16 | $182,938,090 | REFUND SERIES 2007A/2013 BOCO DEBT | false | false | false |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (3 entries)
| Bond ReferenceBondReferenceCd | RetiredRetiredAmt | Bond DefeasedBondDefeasedAmt | Total ProceedsTotalProceedsAmt | In Reserve FundInReserveFundAmt | Capitalized InterestCapitalizedInterestAmt | Refunding EscrowRefundingEscrowAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Credit EnhancementCreditEnhancementAmt | Working Capital ExpendituresWorkingCapitalExpendituresAmt | Capital ExpendituresCapitalExpendituresAmt | Other Spent ProceedsOtherSpentProceedsAmt | UnspentUnspentAmt | Substantial CompletionSubstantialCompletionYr | Current RefundingCurrentRefundingInd | Advance RefundingAdvanceRefundingInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A | $167,625,156 | $0 | $183,964,049 | $0 | $0 | $0 | $1,232,844 | $0 | $0 | $110,120,341 | $72,610,864 | $0 | 2012 | Yes (true) | false | Yes (true) | Yes (true) |
| B | $8,580,670 | $0 | $97,849,865 | $0 | $0 | $0 | $678,781 | $0 | $0 | $97,171,084 | $0 | $0 | 2014 | false | false | Yes (true) | Yes (true) |
| C | $835,828 | $0 | $182,938,090 | $3,524 | $234,313 | $143,528,196 | $1,009,048 | $0 | $27,018,542 | $0 | $11,144,467 | $0 | 2016 | Yes (true) | Yes (true) | Yes (true) | Yes (true) |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (3 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Engage Bond Counsel ContractsEngageBondCounselContractsInd | Any Research AgreementsAnyResearchAgreementsInd | Private Bus Use By OthersPrivateBusUseByOthersPct | Total Private Business UseTotalPrivateBusinessUsePct | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Remedial Action TakenRemedialActionTakenInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd |
|---|---|---|---|---|---|---|---|---|---|---|---|
| A | false | Yes (true) | Yes (true) | Yes (true) | false | 0.01320 | 0.01320 | false | false | false | Yes (true) |
| B | false | false | Yes (true) | Yes (true) | false | 0.00710 | 0.00710 | false | false | false | Yes (true) |
| C | false | Yes (true) | Yes (true) | Yes (true) | false | 0.01880 | 0.01880 | false | false | false | Yes (true) |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (3 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | Rebate Not Due YetRebateNotDueYetInd | Exception To RebateExceptionToRebateInd | No Rebate DueNoRebateDueInd | Variable Rate IssueVariableRateIssueInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Business Name Line1GICProviderName/BusinessNameLine1Txt | Term Of GICTermOfGICPct | Regulatory Safe Harbor StsfdRegulatorySafeHarborStsfdInd | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0 | ||||||||||||
| A | false | false | false | Yes (true) | false | false | Yes (true) | TRANSAMERICA | 2. | Yes (true) | false | Yes (true) |
| 0 | ||||||||||||
| B | false | false | false | Yes (true) | false | false | false | 0 | false | Yes (true) | ||
| 0 | ||||||||||||
| C | false | false | false | Yes (true) | false | false | false | 0 | false | Yes (true) | ||
Procedures Corrective Action ProceduresCorrectiveActionGrp (3 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | Yes (true) |
| B | Yes (true) |
| C | Yes (true) |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PROCEEDS OF BOND ISSUE | SCHEDULE K, PART II, LINE 3 THE DIFFERENCE BETWEEN THE ISSUE PRICE AND TOTAL PROCEEDS FOR BOND ISSUES A AND B IS INVESTMENT EARNINGS OF $5,949,083 AND $2,412,034 RESPECTIVELY. |
| REBATE COMPUTATION DATE | SCHEDULE K, PART IV, LINE 2C NO REBATE IS DUE ON THE BOND ISSUES. THE COMPUTATION DATES WERE AS FOLLOWS: BOND ISSUE A: 05/31/2017 BOND ISSUE B: 05/31/2016 BOND ISSUE C: 05/31/2017 |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp
Name Of Interested NameOfInterested
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | BRUNO RABERG | PersonNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship Description | SPOUSE - M. HOWE, OFFICER | RelationshipDescriptionTxt |
| Transaction | $132,041 | TransactionAmt |
| Transaction | EMPLOYMENT - FAMILY MEMBER | TransactionDesc |
| Sharing Of Revenues | false | SharingOfRevenuesInd |
Schedule M IRS990ScheduleM
| Field | Value | IRS element (for citing) |
|---|---|---|
| Works Of Art | WorksOfArtGrp | |
| Art Historical Treasures | ArtHistoricalTreasuresGrp | |
| Art Fractional Interest | ArtFractionalInterestGrp |
Books And Publications BooksAndPublicationsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Noncash Contributions Rpt F990 | $1,850 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
Clothing And Household Goods ClothingAndHouseholdGoodsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Noncash Contributions Rpt F990 | $5,000 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cars And Other Vehicles | CarsAndOtherVehiclesGrp | |
| Boats And Planes | BoatsAndPlanesGrp | |
| Intellectual Property | IntellectualPropertyGrp | |
| Securities Publicly Traded | SecuritiesPubliclyTradedGrp | |
| Securities Closely Held Stock | SecuritiesCloselyHeldStockGrp | |
| Secur Prtnrshp Trust Intrsts | SecurPrtnrshpTrustIntrstsGrp | |
| Securities Miscellaneous | SecuritiesMiscellaneousGrp | |
| Qualified Contrib Hist Struct | QualifiedContribHistStructGrp | |
| Qualified Contrib Other | QualifiedContribOtherGrp | |
| Real Estate Residential | RealEstateResidentialGrp | |
| Real Estate Commercial | RealEstateCommercialGrp | |
| Real Estate Other | RealEstateOtherGrp | |
| Collectibles | CollectiblesGrp | |
| Food Inventory | FoodInventoryGrp | |
| Drugs And Medical Supplies | DrugsAndMedicalSuppliesGrp | |
| Taxidermy | TaxidermyGrp | |
| Historical Artifacts | HistoricalArtifactsGrp | |
| Scientific Specimens | ScientificSpecimensGrp | |
| Archaeological Artifacts | ArchaeologicalArtifactsGrp |
Other Non Cash Contri Table OtherNonCashContriTableGrp (4 entries)
| Non Cash CheckboxNonCashCheckboxInd | DescDesc | ContributionContributionCnt | Noncash Contributions Rpt F990NoncashContributionsRptF990Amt | Method Of Determining RevenuesMethodOfDeterminingRevenuesTxt |
|---|---|---|---|---|
| Yes (X) | NET ASSETS FROM MERGER | 1 | $60,444,159 | FMV |
| Yes (X) | Musical Instruments | 245 | $332,012 | FMV |
| Yes (X) | Tickets | 253 | $6,634 | FMV |
| Yes (X) | Camera | 1 | $5,450 | FMV |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | false | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (true) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | false | ThirdPartiesUsedInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (10 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| ORGANIZATION'S MISSION | FORM 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. |
| PROGRAM SERVICES | FORM 990 PART III LINE 2 Effective June 1, 2016, The Boston Conservatory (the Conservatory) merged with and into Berklee College of Music (the College), with the College as the surviving corporation. The Conservatory now operates as a division of the College known as The Boston Conservatory at Berklee. |
| SIGNIFICANT CHANGE TO GOVERNING DOCUMENTS | FORM 990 PART IV LINE 4 Effective June 1, 2016, The Boston Conservatory (the Conservatory) merged with and into Berklee College of Music (the College). AS PART OF THE MERGER, THE FOLLOWING REVISIONS WERE MADE TO THE BYLAWS: - THE COLLEGE SHALL HAVE A BOARD OF TRUSTEES CONSISTING OF NOT LESS THAN 12 NOR MORE THAN 45 PERSONS, OF WHOM ONE SHALL BE THE PRESIDENT OF BERKLEE COLLEGE OF MUSIC. NO TRUSTEE SHALL BE ELIGIBLE TO SERVE BEFORE ATTAINING THE AGE OF 21 YEARS NOR MAY ANY STUDENT OR EMPLOYEE OF THE COLLEGE, OTHER THAN THE PRESIDENT, BE ELECTED TO BOARD MEMBERSHIP. IN CONNECTION WITH THE MERGER, EIGHT INDIVIDUALS SHALL BE INITIALLY ELECTED TO THE BOARD FOR AN INITIAL 3 YEAR TERM, KNOWN AS THE BOSTON CONSERVATORY AT BERKLEE (TBCB) TRUSTEES. GENERALLY, ALL OTHER TRUSTEES SHALL SERVE FOR TERMS OF UP TO THREE YEARS. THE BOARD OF TRUSTEES SHALL HAVE ALL NECESSARY AND CONVENIENT POWERS TO DIRECT AND MANAGE THE BUSINESS AND AFFAIRS OF THE COLLEGE. FOR A COMPLETE LIST OF THESE POWERS, A COPY OF THE BYLAWS CAN BE PROVIDED UPON REQUEST. - THE OFFICERS OF THE BOARD OF TRUSTEES SHALL BE A CHAIR, AND A VICE CHAIR, OR VICE-CHAIRS AND SUCH OTHER OFFICERS AS THE BOARD DEEMS NECESSARY. - THE OFFICERS OF THE COLLEGE SHALL CONSIST OF THE PRESIDENT, CHIEF FINANCIAL OFFICER/TREASURER, THE SECRETARY/CLERK, THE PRESIDENT/EXECUTIVE DIRECTOR OF TBCB, AND SUCH OTHER OFFICERS AS THE BOARD DEEMS NECESSARY. THE PROVISIONS TO AMEND THE ORGANIZATION OR ENABLING DOCUMENT OR BYLAWS, QUORUM/VOTING RIGHTS/VOTING APPROVAL REQUIREMENTS OF THE GOVERNING BODY WERE ALSO REVISED. A COPY OF THE BYLAWS CAN BE PROVIDED UPON REQUEST FOR FURTHER INFORMATION. |
| FAMILY RELATIONSHIPS | FORM 990, PART VI, SECTION A, LINE 2 EMILIO ESTEFAN AND GLORIA ESTEFAN HAVE A FAMILY RELATIONSHIP. |
| FORM 990 REVIEW PROCESS | FORM 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 POLICY | FORM 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 POLICY | FORM 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 VENTURES | FORM 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 DISCLOSURE | FORM 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 ASSETS | FORM 990 PART XI LINE 9 LOSS ON EXTINGUISHMENT OF DEBT (8,220,966) PENSION OBLIGATION CHANGES OTHER THAN NET PERIODIC COSTS 12,404,826 TOTAL 4,183,860 |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (3 entries)
| Address Line1ForeignAddress/AddressLine1Txt | CityForeignAddress/CityNm | Province Or StateForeignAddress/ProvinceOrStateNm | CountryForeignAddress/CountryCd | Foreign PostalForeignAddress/ForeignPostalCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile Foreign CountryLegalDomicileForeignCountryCd | Exempt Code SectionExemptCodeSectionTxt | Public Charity StatusPublicCharityStatusTxt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Controlled OrganizationControlledOrganizationInd | Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Legal Domicile StateLegalDomicileStateCd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BERKLEE VALENCIA SL | ||||||||||||||||
| AVENIDA PROFESOR LOPEZ PINERO | VALENCIA | VALENCIA | SP | 46013 | 999999999 | EDUCATION | SP | N/A | N/A | BERKLEE US | Yes (true) | |||||
| THE BOSTON CONSERVATORY REALTY CORP | ||||||||||||||||
| 263644206 | REAL ESTATE | 501(C)(3) | LINE 12A, I | BERKLEE US | Yes (true) | 8 THE FENWAY | BOSTON | MA | 02215 | MA | ||||||
| THE BOSTON CONSERVATORY IPSWICH REALTY | ||||||||||||||||
| 454795446 | REAL ESTATE | 501(C)(3) | LINE 12A, I | BERKLEE US | Yes (true) | 8 THE FENWAY | BOSTON | MA | 02215 | MA | ||||||
Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Amp UP NYC LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 855 Boylston Street | AddressLine1Txt |
| City | Boston | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02116 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 463537796 | EIN |
| Primary Activities | Education | PrimaryActivitiesTxt |
| Legal Domicile State | DE | LegalDomicileStateCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NA | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Predominant Income Type | RELATED | PredominantIncomeTypeTxt |
| Share Of Total Income | $127,755 | ShareOfTotalIncomeAmt |
| Share Of EOY Assets | $147,882 | ShareOfEOYAssetsAmt |
| Disproportionate Allocations | false | DisproportionateAllocationsInd |
| UBI Code V | $0 | UBICodeVAmt |
| General Or Managing Partner | Yes (true) | GeneralOrManagingPartnerInd |
| Ownership | 0.50000 | OwnershipPct |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | false | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | false | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | false | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | Yes (true) | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | false | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | false | DivRelatedOrganizationInd |
| Asset Sale To Other Org | false | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | false | AssetExchangeInd |
| Rental Of Facilities To Oth Org | false | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | false | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | false | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | false | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | false | SharingOfFacilitiesInd |
| Paid Employees Sharing | false | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | Yes (true) | TransferToOtherOrgInd |
| Transfer From Other Org | false | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (3 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| BERKLEE VALENCIA SL | ||
| d | $9,869,704 | SEE PART VII |
| BERKLEE VALENCIA SL | ||
| r | $5,880,299 | SEE PART VII |
| AMP UP NYC LLC | ||
| r | $235,000 | FMV |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | METHOD OF DETERMINING AMOUNT INVOLVED | FormAndLineReferenceDesc |
| Explanation | PART V, LINE 2 THE METHOD FOR DETERMINING THE AMOUNT INVOLVED WAS COST OR CURRENCY CONVERSION. | ExplanationTxt |