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The Boston Conservatory: Form 990, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
The Boston Conservatory (EIN 04-2126597)
Tax period
2015-07-01 to 2016-05-31
Filed
2017-04-18
IRS object ID
201721089349300637
Schema version
2015v3.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2017-04-18T10:52:40-05:00ReturnTs
Tax Period End2016-05-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN010523282PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Berry Dunn McNeil & Parker LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1PO Box 1100AddressLine1Txt
CityPortlandCityNm
State AbbreviationMEStateAbbreviationCd
ZIP041041100ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2015-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN042126597EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1The Boston ConservatoryBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlBOSTBusinessNameControlTxt
Phone6175366340PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line18 The FenwayAddressLine1Txt
CityBostonCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02215ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDenise M RichPersonNm
Person TitleSenior Director of AccountingPersonTitleTxt
Phone6175366340PhoneNum
Signature2017-04-18SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonBarbara J McGuan CPAPreparerPersonNm
PTINP00219457PTIN
Phone2077752387PhoneNum
Preparation2017-04-18PreparationDt
FieldValueIRS element (for citing)
Tax2015TaxYr
Build TS2021-01-29 14:40:06ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Final ReturnYes (X)FinalReturnInd
Principal OfficerDenise M RichPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line18 The FenwayAddressLine1Txt
CityBostonCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02215ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$44,296,729GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website Addressbostonconservatory.berklee.eduWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1927FormationYr
Legal Domicile StateMALegalDomicileStateCd
Activity Or MissionConservatory of music, dance and music theatreActivityOrMissionDesc
Contract TerminationYes (X)ContractTerminationInd
Voting Members Governing Body23VotingMembersGoverningBodyCnt
Voting Members Independent22VotingMembersIndependentCnt
Total Employee748TotalEmployeeCnt
Total Volunteers100TotalVolunteersCnt
Total Gross UBI$75,625TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$24,594NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$4,678,060PYContributionsGrantsAmt
CY Contributions Grants$1,123,290CYContributionsGrantsAmt
PY Program Service Revenue$35,505,849PYProgramServiceRevenueAmt
CY Program Service Revenue$40,080,610CYProgramServiceRevenueAmt
PY Investment Income$377,722PYInvestmentIncomeAmt
CY Investment Income$856,057CYInvestmentIncomeAmt
PY Other Revenue$44,136PYOtherRevenueAmt
CY Other Revenue$17,528CYOtherRevenueAmt
PY Total Revenue$40,605,767PYTotalRevenueAmt
CY Total Revenue$42,077,485CYTotalRevenueAmt
PY Grants And Similar Paid$9,955,986PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$12,563,617CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$16,641,452PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$16,500,268CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$41,790PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$45,710CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$1,664,599CYTotalFundraisingExpenseAmt
PY Other Expenses$10,005,390PYOtherExpensesAmt
CY Other Expenses$11,197,738CYOtherExpensesAmt
PY Total Expenses$36,644,618PYTotalExpensesAmt
CY Total Expenses$40,307,333CYTotalExpensesAmt
PY Revenues Less Expenses$3,961,149PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$1,770,152CYRevenuesLessExpensesAmt
Total Assets BOY$70,631,374TotalAssetsBOYAmt
Total Assets EOY$0TotalAssetsEOYAmt
Total Liabilities BOY$30,549,379TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$40,081,995NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$0NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTo educate exceptional performing artists for careers that enrich and transform the human experience by using skills, creativity and courage nourished in our vibrant multi-disciplinary community of musicians, dancers and actors.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant ChangeYes (1)SignificantChangeInd
Expense$33,647,556ExpenseAmt
Grant$12,563,617GrantAmt
Revenue$40,080,610RevenueAmt
DescA conservatory of music, dance and music theatre, serving over 750 students, offering degrees of bachelor of music, bachelor of fine arts, and master of music and music education.Desc
Total Program Service Expenses$33,647,556TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent EndowmentsYes (1)TempOrPermanentEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School OperatingYes (1)SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign ActivitiesYes (1)ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional FundraisingYes (1)ProfessionalFundraisingInd
Fundraising ActivitiesYes (1)FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt BondsYes (1)TaxExemptBondsInd
Invest Tax Exempt Bonds0InvestTaxExemptBondsInd
Escrow Account0EscrowAccountInd
On Behalf Of Issuer0OnBehalfOfIssuerInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash ContriYes (1)DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate OperationsYes (1)TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl EntYes (1)RelatedOrganizationCtrlEntInd
Transaction With Control Ent0TransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document275IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee748EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (1)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (1)Form990TFiledInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo ContributionsYes (1)QuidProQuoContributionsInd
Quid Pro Quo Contri DisclYes (1)QuidProQuoContriDisclInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members23GoverningBodyVotingMembersCnt
Independent Voting Member22IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldMAStatesWhereCopyOfReturnIsFldCd
Other WebsiteYes (X)OtherWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Denise RichBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone6177473191PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line18 The FenwayAddressLine1Txt
CityBostonCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02215ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (30 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtOfficerOfficerIndHighest Compensated EmployeeHighestCompensatedEmployeeInd
Anthony Pangaro
Trustee1.00Yes (X)$0$0$0
BJ Krintzman Esq
Trustee1.00Yes (X)$0$0$0
Charlotte Prescott Newton
Trustee1.00Yes (X)$0$0$0
Christopher D Perry Esq
Secretary1.00Yes (X)$0$0$00.20Yes (X)
Cynthia K Curme
Trustee1.00Yes (X)$0$0$0
Darius Sidebotham
Trustee1.00Yes (X)$0$0$0
David Scott Sloan Esq
Chairman10.00Yes (X)$0$0$00.20Yes (X)
Davi-Ellen Chabner
Trustee1.00Yes (X)$0$0$0
Dr Diana Dohrmann
Trustee1.00Yes (X)$0$0$0
Elizabeth S Boveroux
Trustee1.00Yes (X)$0$0$0
Gail S Flatto
Trustee1.00Yes (X)$0$0$0
George C White
Trustee1.00Yes (X)$0$0$0
Gregory E Bulger
Treasurer1.00Yes (X)$0$0$00.20Yes (X)
Kelly C McKernan
Trustee1.00Yes (X)$0$0$0
Laura D Kunkemueller
Vice Chair1.00Yes (X)$0$0$00.20Yes (X)
Dr Lyle J Micheli
Trustee1.00Yes (X)$0$0$0
Marillyn Zacharis
Trustee1.00Yes (X)$0$0$0
Mary B Hewlett
Trustee1.00Yes (X)$0$0$0
Peter J Wender
Trustee1.00Yes (X)$0$0$0
Joanne Walton Dickinson Esq
Past Trustee1.00Yes (X)$0$0$0
Teresa Koster
Trustee1.00Yes (X)$0$0$0
Suzanne Rollert
Trustee1.00Yes (X)$0$0$0
Fred Miller
Trustee1.00Yes (X)$0$0$0
Richard Ortner
President34.80Yes (X)$425,932$0$27,6840.20Yes (X)
Eric Norman
VP for Finance and Planning34.80$228,615$0$38,2340.20Yes (X)
Leslie Kaye
VP of Institutional Advancement35.00$188,304$0$37,071Yes (X)
James O'Dell
Associate Dean for Academic Operations35.00$127,871$0$16,933Yes (X)
Abra Bush
Director of Music Division35.00$122,390$0$17,328Yes (X)
Neil Donohoe
Director of Musical Theater35.00$119,031$0$15,935Yes (X)
Terry Whittum
VP for Enrollment Mgmt & Student Affairs35.00$197,214$0$20,992Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$1,409,357TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$174,177TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K14IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (4 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
Securitas Security Services USA Inc
PO Box 403412AtlantaGA303843412Security Services$337,326
Karney Construction Design Inc
48 Rosemont StreetDorchesterMA02122Construction$145,681
Nixon Peabody LLP
100 Summer Street Ste 2500BostonMA02110Legal Services$140,464
John Von Rohr
7 Rolling LaneWaylandMA01778Piano Tuner$109,729
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K4CntrctRcvdGreaterThan100KCnt
Fundraising$175,624FundraisingAmt
All Other Contributions$947,666AllOtherContributionsAmt
Noncash Contributions$188,417NoncashContributionsAmt
Total Contributions$1,123,290TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (4 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtUnrelated Business RevenueUnrelatedBusinessRevenueAmt
Tuition and Fees611710$34,558,686$34,558,686
Room & Board721310$4,099,259$4,099,259
Performance & Programs611710$828,353$828,353
Miscellaneous Income900099$594,312$518,687$75,625
FieldValueIRS element (for citing)
Total Program Service Revenue$40,080,610TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$275,536TotalRevenueColumnAmt
Exclusion$275,536ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$41,479RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$0RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$41,479RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$41,479TotalRevenueColumnAmt
Exclusion$41,479ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$2,727,814SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$2,114,902SecuritiesAmt
Other$32,391OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$612,912SecuritiesAmt
Other-$32,391OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$580,521TotalRevenueColumnAmt
Exclusion$580,521ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$48,000FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$175,624ContriRptFundraisingEventAmt
Fundraising Direct Expenses$71,951FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column-$23,951TotalRevenueColumnAmt
Exclusion-$23,951ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$42,077,485TotalRevenueColumnAmt
Related Or Exempt Func Income$40,004,985RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$75,625UnrelatedBusinessRevenueAmt
Exclusion$873,585ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$12,563,617TotalAmt
Program Services$12,563,617ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$677,032TotalAmt
Management And General$677,032ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$13,141,864TotalAmt
Program Services$11,247,709ProgramServicesAmt
Management And General$1,079,069ManagementAndGeneralAmt
Fundraising$815,086FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$548,452TotalAmt
Program Services$473,496ProgramServicesAmt
Management And General$40,627ManagementAndGeneralAmt
Fundraising$34,329FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$1,221,720TotalAmt
Program Services$1,004,957ProgramServicesAmt
Management And General$126,811ManagementAndGeneralAmt
Fundraising$89,952FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$911,200TotalAmt
Program Services$745,283ProgramServicesAmt
Management And General$111,884ManagementAndGeneralAmt
Fundraising$54,033FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$189,341TotalAmt
Program Services$3,800ProgramServicesAmt
Management And General$185,541ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$60,135TotalAmt
Management And General$60,135ManagementAndGeneralAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total$45,710TotalAmt
Fundraising$45,710FundraisingAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$98,265TotalAmt
Management And General$98,265ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$1,424,378TotalAmt
Program Services$684,132ProgramServicesAmt
Management And General$696,210ManagementAndGeneralAmt
Fundraising$44,036FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$273,646TotalAmt
Program Services$12,748ProgramServicesAmt
Management And General$259,164ManagementAndGeneralAmt
Fundraising$1,734FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$314,022TotalAmt
Program Services$152,516ProgramServicesAmt
Management And General$126,958ManagementAndGeneralAmt
Fundraising$34,548FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$170,126TotalAmt
Program Services$31,572ProgramServicesAmt
Management And General$138,554ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$2,289,443TotalAmt
Program Services$1,747,011ProgramServicesAmt
Management And General$408,996ManagementAndGeneralAmt
Fundraising$133,436FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$288,843TotalAmt
Program Services$225,910ProgramServicesAmt
Management And General$31,436ManagementAndGeneralAmt
Fundraising$31,497FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$700,498TotalAmt
Program Services$533,088ProgramServicesAmt
Management And General$125,322ManagementAndGeneralAmt
Fundraising$42,088FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$1,503,072TotalAmt
Program Services$1,146,660ProgramServicesAmt
Management And General$265,881ManagementAndGeneralAmt
Fundraising$90,531FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$184,777TotalAmt
Management And General$184,777ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtManagement And GeneralManagementAndGeneralAmtProgram ServicesProgramServicesAmtFundraisingFundraisingAmt
UBI Tax$8,191$8,191
Food Services$1,855,817$50,779$1,762,656$42,382
Events$797,199$9,297$669,444$118,458
Repairs & Maintenance$418,848$104,703$300,414$13,731

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$621,137TotalAmt
Program Services$342,543ProgramServicesAmt
Management And General$205,546ManagementAndGeneralAmt
Fundraising$73,048FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$40,307,333TotalAmt
Program Services$33,647,556ProgramServicesAmt
Management And General$4,995,178ManagementAndGeneralAmt
Fundraising$1,664,599FundraisingAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XYes (X)InfoInScheduleOPartXInd

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$2,001,207BOYAmt
EOY$0EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$1,506,046BOYAmt
EOY$0EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$2,604,165BOYAmt
EOY$0EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$129,962BOYAmt
EOY$0EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$189,010BOYAmt
EOY$0EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$11,845BOYAmt
EOY$0EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$144,587BOYAmt
EOY$0EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$0LandBldgEquipCostOrOtherBssAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$25,604,838BOYAmt
EOY$0EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$12,663,720BOYAmt
EOY$0EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$719,388BOYAmt
EOY$0EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Intangible Assets IntangibleAssetsGrp

FieldValueIRS element (for citing)
BOY$363,116BOYAmt
EOY$0EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$24,693,490BOYAmt
EOY$0EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$70,631,374BOYAmt
EOY$0EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$995,401BOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$1,169,255BOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$24,500,000BOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$3,434,723BOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$450,000BOYAmt
EOY$0EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$30,549,379BOYAmt
EOY$0EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$31,679,429BOYAmt
EOY$0EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$7,081,233BOYAmt
EOY$0EOYAmt

Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,321,333BOYAmt
EOY$0EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$40,081,995BOYAmt
EOY$0EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$70,631,374BOYAmt
EOY$0EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$1,770,152ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$1,395,557NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets-$40,456,590OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit RequiredYes (1)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (1)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

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

Schedule D IRS990ScheduleD

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$10,065,055BeginningYearBalanceAmt
Contributions$100ContributionsAmt
Investment Earnings Or Losses-$368,244InvestmentEarningsOrLossesAmt
Other Expenditures$23,420OtherExpendituresAmt
End Year Balance$9,673,491EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$8,162,725BeginningYearBalanceAmt
Contributions$1,965,452ContributionsAmt
Investment Earnings Or Losses-$23,434InvestmentEarningsOrLossesAmt
Other Expenditures$39,688OtherExpendituresAmt
End Year Balance$10,065,055EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$7,858,972BeginningYearBalanceAmt
Contributions$4,016ContributionsAmt
Investment Earnings Or Losses$493,866InvestmentEarningsOrLossesAmt
Other Expenditures$194,129OtherExpendituresAmt
End Year Balance$8,162,725EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$6,195,050BeginningYearBalanceAmt
Contributions$1,152,720ContributionsAmt
Investment Earnings Or Losses$511,202InvestmentEarningsOrLossesAmt
End Year Balance$7,858,972EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$5,367,232BeginningYearBalanceAmt
Contributions$651,040ContributionsAmt
Investment Earnings Or Losses$183,278InvestmentEarningsOrLossesAmt
Other Expenditures$6,500OtherExpendituresAmt
End Year Balance$6,195,050EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.87340BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.11990PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.00670TermEndowmentBalanceEOYPct
Endowments Held Unrelated Org0EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Part V, Line 4:A majority of The Conservatory's endowment funds are unrestricted board designated funds. The endowment fund is managed to provide long-term support of the Organization. All funds were transferred in the merger on 06/01/2016 to Berklee College of Music, Inc.
Part X, Line 2:U.S. GAAP requires the Organization to report any uncertain tax positions and to adjust their consolidated financial statements for the impact thereof. As of May 31, 2016 and June 30, 2015, the Organization determined that it had no tax positions that did not meet the "more-likely-than-not" threshold of being sustained by the applicable tax authority. The Organization files tax and information returns in the United States and Massachusetts jurisdictions. These returns are generally subject to examination by tax authorities for the last three years.

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (1)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (1)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (1)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (1)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (1)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (1)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (1)MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts0DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy0DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty0DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs0DiscriminateRaceSchsInd
Discriminate Race Educ Plcy0DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts0DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog0DiscriminateRaceAthltProgInd
Discriminate Race Other Acty0DiscriminateRaceOtherActyInd
Government Financial Aid RcvdYes (1)GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd0GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (1)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule E, Part I, Line 3See Part II
Schedule E, Line 3The Conservatory included a statement of its racially nondiscriminatory policy regarding students in all brochures and catalogs dealing with student admissions, programs and scholarships. Further, The Conservatory includes a reference to its racially nondiscriminatory policy in other written advertising used as a means of informing prospective students of its programs.
Schedule E, Line 6The Conservatory participates in the student financial assistance programs of the Department of Education and receives funds for the following programs: Federal Direct Student Loans Federal Work Study Federal Supplemental Educational Opportunity Grant Federal Pell Grant Aid from State agencies In addition to the above Federal Financial Aid programs, the Conservatory participates and receives state grants for its students from various states including: Massachusetts Vermont Pennsylvania

Schedule F IRS990ScheduleF

Account Activities Outside US AccountActivitiesOutsideUSGrp

FieldValueIRS element (for citing)
RegionCentral America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas,RegionTxt
Offices0OfficesCnt
Employee0EmployeeCnt
Type Of Activities ConductedInvestmentsTypeOfActivitiesConductedTxt
Region Total Expenditures$660,805RegionTotalExpendituresAmt
FieldValueIRS element (for citing)
Subtotal Offices0SubtotalOfficesCnt
Subtotal Employees0SubtotalEmployeesCnt
Continutation Total Office0ContinutationTotalOfficeCnt
Continutation Total Employee0ContinutationTotalEmployeeCnt
Total Office0TotalOfficeCnt
Total Employee0TotalEmployeeCnt
Subtotal Spent$660,805SubtotalSpentAmt
Continuation Spent$0ContinuationSpentAmt
Total Spent$660,805TotalSpentAmt
Transfer To Foreign Corp0TransferToForeignCorpInd
Interest In Foreign Trust0InterestInForeignTrustInd
Foreign Corp Ownership0ForeignCorpOwnershipInd
Passive Foreign Investmest Co0PassiveForeignInvestmestCoInd
Foreign Partnership0ForeignPartnershipInd
Boycott Countries0BoycottCountriesInd

Schedule G IRS990ScheduleG

FieldValueIRS element (for citing)
Mail SolicitationsYes (X)MailSolicitationsInd
Email SolicitationsYes (X)EmailSolicitationsInd
Phone SolicitationsYes (X)PhoneSolicitationsInd
In Person SolicitationsYes (X)InPersonSolicitationsInd
Solicitation Of Non Govt GrantsYes (X)SolicitationOfNonGovtGrantsInd
Solicitation Of Govt GrantsYes (X)SolicitationOfGovtGrantsInd
Special Fundraising EventsYes (X)SpecialFundraisingEventsInd
Agrmt Prof Fundraising ActyYes (1)AgrmtProfFundraisingActyInd

Fundraiser Activity Info FundraiserActivityInfoGrp

FieldValueIRS element (for citing)
PersonMary GiurleoPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line15 Polar Bear DriveAddressLine1Txt
CityWestfordCityNm
State AbbreviationMAStateAbbreviationCd
ZIP01886ZIPCd
FieldValueIRS element (for citing)
ActivityGrantswriterActivityTxt
Fundraiser Control Of Funds0FundraiserControlOfFundsInd
Gross Receipts$227,000GrossReceiptsAmt
Retained By Contractor$45,710RetainedByContractorAmt
Net To Organization$181,290NetToOrganizationAmt
FieldValueIRS element (for citing)
Total Gross Receipts$227,000TotalGrossReceiptsAmt
Total Retained By Contractors$45,710TotalRetainedByContractorsAmt
Total Net To Organization$181,290TotalNetToOrganizationAmt
Licensed StatesMALicensedStatesCd

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1GalaEvent1Nm
Gross Receipts Event1$223,624GrossReceiptsEvent1Amt
Charitable Contri Event1$175,624CharitableContriEvent1Amt
Gross Revenue Event1$48,000GrossRevenueEvent1Amt
Rent Facility Costs Event1$11,333RentFacilityCostsEvent1Amt
Food And Beverage Event1$45,533FoodAndBeverageEvent1Amt
Other Direct Expenses Event1$15,085OtherDirectExpensesEvent1Amt
Gross Receipts Total$223,624GrossReceiptsTotalAmt
Charitable Contributions Tot$175,624CharitableContributionsTotAmt
Gross Revenue Total Events$48,000GrossRevenueTotalEventsAmt
Rent Fclty Costs Total Events$11,333RentFcltyCostsTotalEventsAmt
Food And Beverage Total Events$45,533FoodAndBeverageTotalEventsAmt
Oth Direct Expnss Total Events$15,085OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$71,951DirectExpenseSummaryEventsAmt
Net Income Summary-$23,951NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeInstitutional, Federal, State, Endowed and Other ScholarshipsGrantTypeTxt
Recipient739RecipientCnt
Cash Grant$12,563,617CashGrantAmt
Valuation Method UsedFMVValuationMethodUsedDesc
Non Cash AssistanceTuition DiscountsNonCashAssistanceDesc

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePart I, Line 2:FormAndLineReferenceDesc
ExplanationFederal funds are monitored as follows: The Director of Financial Aid determines student eligibility for Pell, SEOG, FWS, and Federal loans. The Director of Financial Aid posts student awards into the integrated student record system. The Bursar prints and distributes the billing statement which lists Federal awards. The Bursar draws down funding from the Federal website. The Director of Financial Aid and Bursar post the Federal funds to the student account in the student record system. The Senior Accountant reviews and posts the journal entry to record the cash receipt in the general ledger. The Director of Finance reviews and reconciles the student accounts receivable and all student related revenue from the general ledger to the billing system.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Housing Allowance Or ResidenceYes (X)HousingAllowanceOrResidenceInd
Written Policy Ref T And E ExpnssYes (1)WrittenPolicyRefTAndEExpnssInd
Substantiation RequiredYes (1)SubstantiationRequiredInd
Compensation CommitteeYes (X)CompensationCommitteeInd
Form990 Of Other OrganizationsYes (X)Form990OfOtherOrganizationsInd
Written Employment ContractYes (X)WrittenEmploymentContractInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsYes (1)AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (4 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
Richard Ortner
President$262,495$0$110,000$0$53,437$0$16,993$0$10,691$0$453,616$0$0$0
Eric Norman
VP for Finance and Planning$188,182$0$35,000$0$5,433$0$15,246$0$22,988$0$266,849$0$0$0
Leslie Kaye
VP of Institutional Advancement$177,884$0$10,000$0$420$0$12,829$0$24,242$0$225,375$0$0$0
Terry Whittum
VP for Enrollment Mgmt & Student Aff$191,787$0$5,000$0$427$0$12,876$0$8,116$0$218,206$0$0$0

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Part I, Line 1aA housing allowance is provided to the President. The Board of Trustees 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.
Part I, Line 7On an annual basis, the President's bonus is determined by the Compensation Committee, a subgroup of the Board of Trustees, based on the number of goals met during the prior fiscal year. The goals are set by the Compensation Committee at their annual meeting as part of the President's performance review. On an annual basis the President, with the approval of the Chairman of the Board of Trustees, approves discretionary bonuses for certain employees. The amounts are based on individual performance and a review of the employee's total compensation.

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd

Issuer Name IssuerName

FieldValueIRS element (for citing)
Business Name Line1Massachusetts Industrial Development Financing AuthorityBusinessNameLine1Txt
FieldValueIRS element (for citing)
Bond Issuer EIN043431814BondIssuerEIN
Bond Issued2011-11-23BondIssuedDt
Issue Price$24,500,000IssuePriceAmt
PurposeRefinance and ConstructionPurposeDesc
Defeased0DefeasedInd
On Behalf Of Issuer0OnBehalfOfIssuerInd
Pool Financing0PoolFinancingInd

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Retired$287,448RetiredAmt
Total Proceeds$24,500,000TotalProceedsAmt
Issuance Costs From Proceeds$380,800IssuanceCostsFromProceedsAmt
Capital Expenditures$9,066,670CapitalExpendituresAmt
Other Spent Proceeds$15,052,530OtherSpentProceedsAmt
Substantial Completion2014SubstantialCompletionYr
Current RefundingYes (1)CurrentRefundingInd
Advance Refunding0AdvanceRefundingInd
Final Allocation MadeYes (1)FinalAllocationMadeInd
Adequate Books And Rec MaintYes (1)AdequateBooksAndRecMaintInd

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Owning Bond Financed Property0OwningBondFinancedPropertyInd
Any Lease Arrangements0AnyLeaseArrangementsInd
Mgmt Contract Bond Fincd Prop0MgmtContractBondFincdPropInd
Any Research Agreements0AnyResearchAgreementsInd
Bond Iss Meet Prvt Sec Pymt Test0BondIssMeetPrvtSecPymtTestInd
Change In Use Bond Financed Prop0ChangeInUseBondFinancedPropInd
Procs Nonqualified Bond RemdtdYes (1)ProcsNonqualifiedBondRemdtdInd

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Form8038 T Filed0Form8038TFiledInd
Rebate Not Due Yet0RebateNotDueYetInd
Exception To RebateYes (1)ExceptionToRebateInd
No Rebate Due0NoRebateDueInd
Variable Rate Issue0VariableRateIssueInd
Hedge Identified In Bks And Rec0HedgeIdentifiedInBksAndRecInd
Gross Proceeds Invested In GIC0GrossProceedsInvestedInGICInd
Gross Proceeds Invested0GrossProceedsInvestedInd
Written Proc To Monitor Reqs0WrittenProcToMonitorReqsInd

Procedures Corrective Action ProceduresCorrectiveActionGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Procedures Corrective Action0ProceduresCorrectiveActionInd

Schedule M IRS990ScheduleM

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution16ContributionCnt
Noncash Contributions Rpt F990$175,917NoncashContributionsRptF990Amt
Method Of Determining RevenuesFair Market ValueMethodOfDeterminingRevenuesTxt

Other Non Cash Contri Table OtherNonCashContriTableGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
DescCello & BowDesc
Contribution1ContributionCnt
Noncash Contributions Rpt F990$12,500NoncashContributionsRptF990Amt
Method Of Determining RevenuesAppraisal ValueMethodOfDeterminingRevenuesTxt
FieldValueIRS element (for citing)
Any Property That Must Be Held0AnyPropertyThatMustBeHeldInd
Review Process Unusual NC GiftsYes (1)ReviewProcessUnusualNCGiftsInd
Third Parties UsedYes (1)ThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePart I, Line 32b:FormAndLineReferenceDesc
ExplanationContributions of securities are sold through The Conservatory's investment broker. All gifts of securities are sold as soon as administratively possible.ExplanationTxt

Schedule N IRS990ScheduleN

Liquidation Of Assets Table LiquidationOfAssetsTableGrp

Liquidation Of Assets Detail LiquidationOfAssetsDetail (14 entries)

Assets Distri Or Expnss PaidAssetsDistriOrExpnssPaidDescDistributionDistributionDtFair Market Value Of AssetFairMarketValueOfAssetAmtMethod Of FMV DeterminationMethodOfFMVDeterminationTxtEINEINAddress Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdIRC SectionIRCSectionTxt
Berklee College of Music Inc
Cash and savings2016-06-01$16,417,142Audited book value0423004721140 Boylston StBostonMA022153693501(c)(3)
Berklee College of Music Inc
Pledges and grants receivable2016-06-01$2,099,350Audited book value0423004721140 Boylston StBostonMA022153693501(c)(3)
Berklee College of Music Inc
Accounts receivable2016-06-01$156,405Audited book value0423004721140 Boylston StBostonMA022153693501(c)(3)
Berklee College of Music Inc
Notes and loans receivable2016-06-01$194,943Audited book value0423004721140 Boylston StbostonMA022153693501(c)(3)
Berklee College of Music Inc
Prepaid expenses2016-06-01$229,106Audited book value0423004721140 Boylston StBostonMA022153693501(c)(3)
Berklee College of Music Inc
Land, buildings and equipment, net of depreciation2016-06-01$25,096,552Audited book value0423004721140 Boylston StBostonMA022153693501(c)(3)
Berklee College of Music Inc
Investments2016-06-01$660,805Audited book value0423004721140 Boylston StBostonMA022153693501(c)(3)
Berklee College of Music Inc
Intangible assets2016-06-01$350,626Audited book value0423004721140 Boylston StBostonMA022153693501(c)(3)
Berklee College of Music Inc
Projects under development2016-06-01$322,639Audited book value0423004721140 Boylston StBostonMA022153693501(c)(3)
Berklee College of Music Inc
Accounts payable and accrued expenses2016-06-01-$2,136,920Audited book value0423004721140 Boylston StBostonMA022153693501(c)(3)
Berklee College of Music Inc
Deferred revenue2016-06-01-$527,801Audited book value0423004721140 Boylston StBostonMA022153693501(c)(3)
Berklee College of Music Inc
Tax-exempt bond liabilities2016-06-01-$24,212,552Audited book value0423004721140 Boylston StBostonMA022153693501(c)(3)
Berklee College of Music Inc
Notes payable and capitalized leases2016-06-01-$2,571,873Audited book value0423004721140 Boylston StBostonMA022153693501(c)(3)
Berklee College of Music Inc
Deferred compensation liability2016-06-01-$450,000Audited book value0423004721140 Boylston StBostonMA022153693501(c)(3)
FieldValueIRS element (for citing)
Director Of SuccessorYes (1)DirectorOfSuccessorInd
Employee Of SuccessorYes (1)EmployeeOfSuccessorInd
Owner Of Successor0OwnerOfSuccessorInd
Receive Compensation0ReceiveCompensationInd
Assets DistributedYes (1)AssetsDistributedInd
Required To Notify AGYes (1)RequiredToNotifyAGInd
Attorney General NotifiedYes (1)AttorneyGeneralNotifiedInd
Liabilities PaidYes (1)LiabilitiesPaidInd
Bonds OutstandingYes (1)BondsOutstandingInd
Bond Liabilities DischargedYes (1)BondLiabilitiesDischargedInd

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Part I, Line 2e:Person(s) Involved: Richard Ortner
Part I, Line 2e:Explanation of Involvement: Richard Ortner, past President of The Boston Conservatory, became the post-merger President of Boston Conservatory at Berklee, a discrete collegiate unit within Berklee College of Music, Inc.
Part I, Line 6c:As part of the merger, Berklee College of Music, Inc. assumed all liabilities and paid off all outstanding balances of bond and term loans payable.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part III, line 3Effective June 1, 2016, the Conservatory merged with Berklee College of Music, Inc. and became Boston Conservatory at Berklee, a discrete collegiate unit within Berklee.
Form 990, Part VI, Section B, line 11The Conservatory's Form 990 is reviewed in detail by both management and the Audit Committee. The return is approved by the Board of Trustees upon recommendation by the Audit Committee. All Trustees receive a copy prior to filing.
Form 990, Part VI, Section B, line 12cThe conflict of interest policy was reviewed and approved by the Board of Trustees. The policy applies to all Trustees and Senior Executives of the Boston Conservatory. Each year all Trustees and Senior Executives complete a conflict of interest form which requests information about personal and professional conflict-related activities. The Executive Assistant to the President reviews all completed forms and presents any potential conflicts to the Board Chair and President. To date there have been no conflicts of interest. Therefore, no restrictions have been imposed on any Trustees or Senior Executives.
Form 990, Part VI, Section B, line 15aThe compensation of the President is determined by a compensation committee of the board, each member of which is independent of the President. Appropriate data including Forms 990 from other organizations and compensation survey or study data is considered. The compensation decision was documented contemporaneously. The President sets the compensation for other officers and key employees. Appropriate data is considered for this purpose.
Form 990, Part VI, Section C, line 19The Boston Conservatory will consider requests for copies of governing documents, conflict of interest policy, and financial statements.
Form 990, Part X, Line 10: Land, Buildings, and EquipmentSection 1.263(a)-3(n) Election: The Boston Conservatory 8 The Fenway Boston, MA 02215 EIN 04-2126597 The Boston Conservatory is electing to capitalize repair and maintenance costs under Regulation Section 1.263(a)-3(n).
Form 990, Part XI, line 9:Loss on Extinguishment of Debt -24,828,168. Net assets transferred in merger to Berklee College of Music, Inc. -15,628,422.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtPublic Charity StatusPublicCharityStatusTxtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtControlled OrganizationControlledOrganizationInd
The Boston Conservatory Realty Corp
8 The FenwayBostonMA02215263644206Hold and Manage Real EstateMA501(c)(3)Line 11A, IThe Boston ConservatoryYes (1)
The Boston Conservatory Ipswich Realty Corporation
8 The FenwayBostonMA02215454795446Hold and Manage Real EstateMA501(c)(3)Line 11A, IThe Boston ConservatoryYes (1)
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth OrgYes (1)RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp

Other Organization Name OtherOrganizationName

FieldValueIRS element (for citing)
Business Name Line1The Boston Conservatory Realty CorpBusinessNameLine1Txt
FieldValueIRS element (for citing)
Transaction TypeKTransactionTypeTxt
Involved$683,333InvolvedAmt
Method Of Amount DeterminationRent Expense PaidMethodOfAmountDeterminationTxt