2018-04-13T17:22:59-05:00 2017-05-31 KPMG LLP 60 South Street Boston MA 02111 990 2016-06-01 042300472 BERKLEE COLLEGE OF MUSIC INC % DENISE M RICH BERK 6177472287 1140 BOYLSTON STREET BOSTON MA 022153693 RICHARD HISEY SR. VP & CFO 6177478089 2018-04-11 true TARA D'AGOSTINO P01245482 6179881000 2018-04-10 167.68.102.5 04502320181035000184 2018-04-13 P 9C37FB02EE77A6FF00EC66693955615721E3AD8A 9C37FB02EE77A6FF00EC66693955615721E3AD8A 2016 2021-01-29 14:40:06Z ROGER H BROWN 1140 BOYLSTON STREET BOSTON MA 022153693 425116581 false X WWW.BERKLEE.EDU X 1945 MA THE MISSION OF BERKLEE COLLEGE OF MUSIC IS TO EDUCATE AND TRAIN STUDENTS TO EXCEL IN A CAREER OF MUSIC, DANCE AND/OR THEATRE. 43 42 4247 40 496508 372079 13969969 79067171 237659744 290486551 23110781 17243286 1378047 2935722 276118541 389732730 43700043 60916759 0 0 130602263 152269093 0 0 7408920 81623816 93128616 255926122 306314468 20192419 83418262 628070205 750666699 372857651 387645494 255212554 363021205 X 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. true false 238789973 60916759 238117201 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. 16531227 24078071 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. 12107892 29630264 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. 267429092 true true false false false false false false true true true false false false true true false true true true true false false false true false false false true true true false false false false false false false false true false true false false false false true true true false false true 1228 0 true 4247 true true true true SP false false false true true false false false false X 43 42 true false true false false false false true true false false true true true true true true true true true false CA MA X X DENISE M RICH 6177473191 1140 BOYLSTON STREET BOSTON MA 022153693 DAVID ABRAMS TRUSTEE 2.0 0.0 X 0 0 0 LUIS ALVAREZ TRUSTEE 2.0 0.0 X 0 0 0 LES BAKER TRUSTEE 2.0 0.0 X 0 0 0 MICHAEL A BROWN TRUSTEE 2.0 0.0 X 0 0 0 DAVID CLEM TRUSTEE 2.0 0.0 X 0 0 0 JOHN CONNAUGHTON TRUSTEE 2.0 0.0 X 0 0 0 CYNTHIA CURME TRUSTEE 2.0 0.0 X 0 0 0 MICHAEL R EISENSON VICE CO-CHAIR 2.0 0.0 X 0 0 0 EMILIO ESTEFAN TRUSTEE 2.0 0.0 X 0 0 0 GLORIA ESTEFAN TRUSTEE 2.0 0.0 X 0 0 0 MONICA GIRALDO TRUSTEE - END 3/17 2.0 0.0 X 0 0 0 DEAN GOODERMOTE TRUSTEE 2.0 0.0 X 0 0 0 DAVID GROSS-LOH TRUSTEE 2.0 0.0 X 0 0 0 JOSH GRUSS TRUSTEE 2.0 0.0 X 0 0 0 CHRISTOPHER GUEST TRUSTEE - END 3/17 2.0 0.0 X 0 0 0 NILS GUMS TRUSTEE 2.0 0.0 X 0 0 0 DAN HARPLE TRUSTEE 2.0 0.0 X 0 0 0 KRISTINE MOYER HIGGINS TRUSTEE 2.0 0.0 X 0 0 0 CHARLES HIRSCHHORN TRUSTEE 2.0 0.0 X 0 0 0 STEVEN HOLTZMAN TRUSTEE 2.0 0.0 X 0 0 0 BILL KAISER TRUSTEE 2.0 0.0 X 0 0 0 JOEL KATZ TRUSTEE 2.0 0.0 X 0 0 0 BJ KRINTZMAN TRUSTEE 2.0 0.0 X 0 0 0 LAURA KUNKEMUELLER TRUSTEE 2.0 0.0 X 0 0 0 SARA LAWRENCE-LIGHTFOOT TRUSTEE 2.0 0.0 X 0 0 0 MIE KYUNG LEE TRUSTEE 2.0 0.0 X 0 0 0 MARTIN MANNION VICE CO-CHAIR 2.0 0.0 X 0 0 0 DEMOND MARTIN TRUSTEE 2.0 0.0 X 0 0 0 MARC MAYER TRUSTEE 2.0 0.0 X 0 0 0 JANE MENDILLO TRUSTEE 2.0 0.0 X 0 0 0 FREDERICK T MILLER TRUSTEE 2.0 0.0 X 0 0 0 PETER MULLER TRUSTEE 2.0 0.0 X 0 0 0 MEGAN O'BLOCK TRUSTEE 2.0 0.0 X 0 0 0 ANTHONY PANGARO TRUSTEE 2.0 0.0 X 0 0 0 ALEX RIGOPULOS TRUSTEE 2.0 0.0 X 0 0 0 JEFF SHAMES TRUSTEE 2.0 0.0 X 0 0 0 DAVID SCOTT SLOAN TRUSTEE 2.0 0.0 X 0 0 0 DARIUS SIDEBOTHAM TRUSTEE 2.0 0.0 X 0 0 0 SUSAN SOLOMONT TRUSTEE 2.0 0.0 X 0 0 0 JEFFREY C WALKER TRUSTEE 2.0 0.0 X 0 0 0 SUSAN WHITEHEAD CHAIR OF THE BOARD 2.0 0.0 X 0 0 0 ANN MARIE WILKINS TRUSTEE 2.0 0.0 X 0 0 0 MARY ZACHARIS TRUSTEE 2.0 0.0 X 0 0 0 BARRY ZUBROW TRUSTEE 2.0 0.0 X 0 0 0 ROGER H BROWN PRESIDENT 35.0 0.0 X X 577133 0 60252 RICHARD HISEY SR VICE PRESIDENT/TREASURER 35.0 0.0 X 332446 0 48139 MELISSA HOWE SECRETARY/CHIEF OF STAFF 35.0 0.0 X 165600 0 19228 RICHARD ORTNER PRESIDENT - TBCB 35.0 0.0 X 302260 0 35117 LAWRENCE J SIMPSON SR VP ACADEMIC AFFAIRS 35.0 0.0 X 327524 0 49216 DAVID S MASH SR VP INNOVATION/STRATEGY 35.0 0.0 X 329447 0 43158 CYNTHIA LINK SR VP INST. ADVANCEMENT 35.0 0.0 X 299189 0 59690 DAVID GREGORY VP TECH RESOURCES 35.0 0.0 X 289625 0 46446 DEBORAH CAVALIER SR VP ONLINE LEARNING 35.0 0.0 X 293105 0 38018 THOMAS RILEY VP EXTERNAL AFFAIRS 35.0 0.0 X 280420 0 49541 3196749 0 448805 274 false true false COLUMBIA CONSTRUCTION COMPANY 100 RIVERPARK DRIVE NORTH READING MA 01864 CONSTRUCTION 11791981 ARAMARK SERVICES INC 1057 SOLUTIONS CENTER CHICAGO IL 60677 FOOD SERVICES 5807024 ACME BUILDING SERVICES INC LAKESIDE OFFICE PARK DOOR 6 WAKEFIELD MA 01880 CUSTODIAL SERVICES 3105772 SECURITAS SECURITY SERVICES INC PO BOX 403412 ATLANTA GA 303843412 SECURITY SERVICES 2017406 GOOGLE 1600 AMPHITHEATRE PARKWAY MOUNTAIN VIEW CA 94043 ADVERTISING 1518295 122 2345674 1003746 75717751 60795105 79067171 TUITION & FEES 611710 235298481 235298481 ROOM & BOARD 721310 29630261 29630261 BERKLEE ONLINE 611710 24078071 24078071 PERFORMANCE CENTER 611710 1056283 1056283 OTHER INCOME 611710 423455 423455 290486551 227941 -176048 403989 0 0 1850041 2465510 -615469 0 -615469 -615469 46683985 29668640 17015345 17015345 560569 16454776 329641 2345674 768650 -439009 -439009 0 0 0 3820037 2481051 1338985 1338985 PREMIUM AMORTIZATION 900099 1053212 1053212 PERKINS REFUND 900099 770438 770438 BOOKSTORE 451211 421401 421401 406164 111987 294177 2651215 389732730 291825536 496508 18343515 0 60916759 60916759 0 0 2143922 764607 625241 754074 132041 132041 116537698 97715626 15101147 3720925 7650023 27036 7596005 26982 17477572 26312688 -9874935 1039819 8327837 7042574 993898 291365 4820060 4820060 1476468 16443 1460025 464203 464203 0 0 0 5769470 4859538 827888 82044 4858472 3426074 1220933 211465 8359683 4550531 3534272 274880 6056271 1231930 4824341 1590562 1590562 14081609 13801987 279378 244 2642055 1729534 595458 317063 0 744188 434460 247260 62468 10720256 10720256 0 14336336 14336336 480719 480719 COST OF MEALS 6437780 6393255 44525 EVENT EXPENSE 2034160 1463139 216609 354412 AUDITIONING 1279795 1272682 7113 MEMBERSHIPS 727161 184973 521179 21009 6249368 3686001 2355722 207645 306314468 267429092 31476456 7408920 0 0 49303491 62664931 12753420 12922625 433646 417789 0 0 0 0 4301145 3883849 0 0 0 0 441005873 148496580 224674925 292509293 316410569 358716518 0 0 0 0 0 0 20193009 19551694 628070205 750666699 89641446 78507331 0 0 30650010 28407430 249414116 277453048 0 0 0 0 0 0 0 0 3152079 3277685 372857651 387645494 X 187082682 273208711 25731734 40508165 42398138 49304329 255212554 363021205 628070205 750666699 X 83418262 20206529 4183860 X false true X true true true X 10978986 16973380 20940141 13969969 18623012 81485488 0 0 10978986 16973380 20940141 13969969 18623012 81485488 12569402 68916086 1941641 1986219 1790536 1608600 2077982 9404978 188262 133446 460568 513539 373079 1668894 1101928 1288098 1814892 1178023 2868869 8251810 100811170 1173240972 0.68362 0.69940 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false X 316410569 21034097 37221874 2078168 13871854 358716518 327745268 6167204 -3245483 6015674 8240746 316410569 321453450 5167442 14102364 3655853 9322135 327745268 290634435 2936790 39425073 632810 10910038 321453450 243450428 12504444 45086648 863414 9543671 290634435 0.83010 0.12060 0.04930 false false 53293375 53293375 186041567 32806584 153234983 150271467 81812907 68458560 48072484 32467675 15604809 3326980 1409414 1917566 292509293 0 REFUNDABLE ADVANCES - U.S. GOV 3277685 3277685 X 429600235 20206529 22166731 42373260 387226975 2505755 2505755 389732730 321694866 15380398 15380398 306314468 306314468 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 true true true true true true true false false false false false false false false true false true 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. Europe (Including Iceland and Greenland) 1 Program Services VALENCIA CAMPUS 9665187 Europe (Including Iceland and Greenland) Program Services STUDY ABROAD 62629 Central America and the Caribbean Investments 96563186 South America Program Services STUDY ABROAD 104215 South Asia Program Services STUDY ABROAD 279935 North America Program Services STUDY ABROAD 164538 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 1 1 106839690 106839690 true false true true true true PART I, LINE 3 THE ACTIVITY CONDUCTED IN SPAIN IS MANAGEMENT AND PROGRAM SERVICES, INCLUDING GRADUATE PROGRAMS, AND STUDY ABROAD FOR THE COLLEGE'S FIRST INTERNATIONAL CAMPUS. THE VALENCIA CAMPUS HAS 96 EMPLOYEES. GALA 1815563 1580994 234569 361083 15913 34488 GALA - TBCB 771372 692500 78872 168143 111844 35468 2 88380 72180 16200 41711 2675315 2345674 329641 529226 127757 111667 768650 -439009 true INTERNAL SCHOLARSHIPS 2985 55197743 EXTERNAL SCHOLARSHIPS 422 4879606 COLLEGE WORK STUDY 259 332814 MASSACHUSETTS STATE SCHOLARSHIPS 106 161700 SEOG FINANCIAL AID AWARDS 243 344896 ORGANIZATION'S PROCEDURE FOR MONITORING THE USE OF GRANT FUNDS 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. X X X true true X X X X X X true true false false false false false true false ROGER H BROWN PRESIDENT 439713 0 92914 0 44506 0 23850 0 36402 0 637385 0 0 0 RICHARD HISEY SR VICE PRESIDENT/TREASURER 273325 0 35735 0 23386 0 23850 0 24289 0 380585 0 0 0 MELISSA HOWE SECRETARY/CHIEF OF STAFF 149815 0 4951 0 10834 0 14185 0 5043 0 184828 0 0 0 RICHARD ORTNER PRESIDENT - TBCB 167742 0 100000 0 34518 0 10821 0 24296 0 337377 0 0 0 LAWRENCE J SIMPSON SR VP ACADEMIC AFFAIRS 272889 0 23681 0 30954 0 23850 0 25366 0 376740 0 0 0 DAVID S MASH SR VP INNOVATION/STRATEGY 297495 0 24225 0 7727 0 23850 0 19308 0 372605 0 0 0 CYNTHIA LINK SR VP INST. ADVANCEMENT 236809 0 22240 0 40140 0 23850 0 35840 0 358879 0 0 0 DAVID GREGORY VP TECH RESOURCES 275068 0 6825 0 7732 0 23850 0 22596 0 336071 0 0 0 DEBORAH CAVALIER SR VP ONLINE LEARNING 222074 0 50000 0 21031 0 22758 0 15260 0 331123 0 0 0 THOMAS RILEY VP EXTERNAL AFFAIRS 244959 0 10729 0 24732 0 23850 0 25691 0 329961 0 0 0 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. A MHEFA REVENUE BOND SERIES 2007A 042456011 57586CE27 2007-08-08 178014966 BUILDING, EQUIP, RENO, REFINANCE false false false B MDFA REVENUE BONDS SERIES 2011 043431814 57583UJE9 2011-09-22 95437831 PURCHASE LAND, BUILDING, EQUIPMENT false false false C MDFA REVENUE BONDS SERIES 2016 043431814 57584XUU3 2016-08-16 182938090 REFUND SERIES 2007A/2013 BOCO DEBT false false false A 167625156 0 183964049 0 0 0 1232844 0 0 110120341 72610864 0 2012 true false true true B 8580670 0 97849865 0 0 0 678781 0 0 97171084 0 0 2014 false false true true C 835828 0 182938090 3524 234313 143528196 1009048 0 27018542 0 11144467 0 2016 true true true true A false true true true false 0.01320 0.01320 false false false true B false false true true false 0.00710 0.00710 false false false true C false true true true false 0.01880 0.01880 false false false true A false false false true false false 0 true TRANSAMERICA 2. true false true B false false false true false false 0 false 0 false true C false false false true false false 0 false 0 false true A true B true C true 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 BRUNO RABERG SPOUSE - M. HOWE, OFFICER 132041 EMPLOYMENT - FAMILY MEMBER false X 1850 FMV X 5000 FMV X NET ASSETS FROM MERGER 1 60444159 FMV X Musical Instruments 245 332012 FMV X Tickets 253 6634 FMV X Camera 1 5450 FMV false true false 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 BERKLEE VALENCIA SL AVENIDA PROFESOR LOPEZ PINERO VALENCIA VALENCIA SP 46013 999999999 EDUCATION SP N/A N/A BERKLEE US true THE BOSTON CONSERVATORY REALTY CORP 8 THE FENWAY BOSTON MA 02215 263644206 REAL ESTATE MA 501(C)(3) LINE 12A, I BERKLEE US true THE BOSTON CONSERVATORY IPSWICH REALTY 8 THE FENWAY BOSTON MA 02215 454795446 REAL ESTATE MA 501(C)(3) LINE 12A, I BERKLEE US true Amp UP NYC LLC 855 Boylston Street Boston MA 02116 463537796 Education DE NA RELATED 127755 147882 false 0 true 0.50000 false false false true false false false false false false false false false false false false false true false BERKLEE VALENCIA SL d 9869704 SEE PART VII BERKLEE VALENCIA SL r 5880299 SEE PART VII AMP UP NYC LLC r 235000 FMV METHOD OF DETERMINING AMOUNT INVOLVED PART V, LINE 2 THE METHOD FOR DETERMINING THE AMOUNT INVOLVED WAS COST OR CURRENCY CONVERSION.