NEW ENGLAND CONSERVATORY OF MUSIC: Form 990, tax year 2013
View the entire original 990 at ProPublica ↗
- Organization
- NEW ENGLAND CONSERVATORY OF MUSIC (EIN 23-7225104)
- Tax period
- 2013-07-01 to 2014-06-30
- Filed
- 2015-05-14
- IRS object ID
- 201521349349302442
- Schema version
- 2013v4.0
- 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
- 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 | 2015-05-14T08:17:16-07:00 | ReturnTs |
| Tax Period End | 2014-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | McGladrey LLP | BusinessNameLine1 |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 80 City Square | AddressLine1 |
| City | Boston | City |
| State | MA | State |
| ZIP Code | 02129 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2013-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 237225104 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | New England Conservatory of Music | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | NEWE | BusinessNameControlTxt |
| Phone | 6175851218 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 290 Huntington Avenue | AddressLine1 |
| City | Boston | City |
| State | MA | State |
| ZIP Code | 02115 | ZIPCode |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Lesser Edward | PersonNm |
| Person Title | CFO | PersonTitleTxt |
| Signature | 2015-05-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Lynne Johnson | PreparerPersonNm |
| PTIN | P00757336 | PTIN |
| Phone | 6179129000 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2013 | TaxYr |
| Build TS | 2016-03-07 17:11:31Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | Woodcock Anthony | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 290 Huntington Avenue | AddressLine1 |
| City | Boston | City |
| State | MA | State |
| ZIP Code | 02115 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $50,409,626 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| All Affiliates Included | false | AllAffiliatesIncludedInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | www.necmusic.edu | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1867 | FormationYr |
| Legal Domicile State | MA | LegalDomicileStateCd |
| Activity Or Mission | New England Conservatory of Music (NEC) educates and trains musicians of all ages from around the world. | ActivityOrMissionDesc |
| Voting Members Governing Body | 30 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 27 | VotingMembersIndependentCnt |
| Total Employee | 1178 | TotalEmployeeCnt |
| Total Volunteers | 200 | TotalVolunteersCnt |
| Total Gross UBI | $29,632 | TotalGrossUBIAmt |
| PY Contributions Grants | $13,837,369 | PYContributionsGrantsAmt |
| CY Contributions Grants | $7,067,173 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $37,094,790 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $39,596,788 | CYProgramServiceRevenueAmt |
| PY Investment Income | $2,857,617 | PYInvestmentIncomeAmt |
| CY Investment Income | $2,498,100 | CYInvestmentIncomeAmt |
| PY Other Revenue | $1,400,768 | PYOtherRevenueAmt |
| CY Other Revenue | $500,537 | CYOtherRevenueAmt |
| PY Total Revenue | $55,190,544 | PYTotalRevenueAmt |
| CY Total Revenue | $49,662,598 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $13,423,589 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $13,174,414 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $25,174,355 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $25,681,391 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $93,111 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $85,232 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $2,329,033 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $12,471,445 | PYOtherExpensesAmt |
| CY Other Expenses | $13,421,870 | CYOtherExpensesAmt |
| PY Total Expenses | $51,162,500 | PYTotalExpensesAmt |
| CY Total Expenses | $52,362,907 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $4,028,044 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$2,700,309 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $170,746,161 | TotalAssetsBOYAmt |
| Total Assets EOY | $186,604,976 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $29,567,131 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $32,621,270 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $141,179,030 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $153,983,706 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | New England Conservatory of Music (NEC) educates and trains musicians of all ages from around the world. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $35,265,165 | ExpenseAmt |
| Grant | $12,327,379 | GrantAmt |
| Revenue | $31,190,604 | RevenueAmt |
| Desc | Higher Education : College - Programs leading to Bachelors degrees, Masters degrees, Doctoral degrees, and diplomas. NECs enrollment is comprised of approximately half undergraduates and half graduate students with an international student population of more than 30%. Financial aid represents 42% of tuition and fees. (836 students) | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $6,155,454 | ExpenseAmt |
| Grant | $676,910 | GrantAmt |
| Revenue | $5,548,692 | RevenueAmt |
| Desc | Preparatory and Continuing Education Programs: School of Preparatory and Continuing Education - Music instruction for children ages 4-18 and adults not leading to a specific degree. Private studio lessons are offered as well as ensembles and classes. 11% financial aid is provided based primarily on need. (2,219 students) | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $1,516,082 | ExpenseAmt |
| Grant | $170,125 | GrantAmt |
| Revenue | $2,076,681 | RevenueAmt |
| Desc | Student Services Program, General/Other: Residence Hall/Dining - All freshmen are housed and dine in the NEC residence hall. The cafeteria is open to the entire community. (160 students) Health Services - On-site student health center providing routine and urgent care and referrals, staffed by a physician and nurse practitioners. Affiliated with Beth Israel Deaconess Medical Center. Entirely supported by student medical fees. Counseling Services - On-site center providing confidential counseling for students, staffed by a psychiatrist and professional counselors. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $727,077 | TotalOtherProgSrvcExpenseAmt |
| Total Other Prog Srvc Revenue | $780,811 | TotalOtherProgSrvcRevenueAmt |
| Total Program Service Expenses | $43,663,778 | 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 | Yes (true) | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (true) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (true) | 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 | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (true) | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | Yes (true) | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | Yes (true) | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (true) | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | Yes (true) | 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 | Yes (true) | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | Yes (true) | 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 | 215 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 1178 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| 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 | Yes (true) | Form8282PropertyDisposedOfInd |
| Form8282 Filed | 1 | Form8282FiledCnt |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Form8899 Filedind | false | Form8899Filedind |
| Form1098 C Filed | false | Form1098CFiledInd |
| Excess Business Holdings | false | ExcessBusinessHoldingsInd |
| Taxable Distributions | false | TaxableDistributionsInd |
| Distribution To Donor | false | DistributionToDonorInd |
| Org Filed In Lieu Of Form1041 | false | OrgFiledInLieuOfForm1041Ind |
| Licensed More Than One State | false | LicensedMoreThanOneStateInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 30 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 27 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | 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 | false | 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 | false | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Amanda G Carlson Controller | PersonNm |
| Phone | 6175851218 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 290 Huntington Avenue | AddressLine1 |
| City | Boston | City |
| State | MA | State |
| ZIP Code | 02115 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionAGrp (38 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 |
|---|---|---|---|---|---|---|---|---|---|
| Akin Steven P | |||||||||
| Board Trustee | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Anderson Michael J | |||||||||
| Board Trustee | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Blumenthal Thomas | |||||||||
| Treasurer,ViceC | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||
| Burnes Kennett F | |||||||||
| Board Trustee | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| de Braganca Barbara | |||||||||
| Board Trustee | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Elfers Deborah B | |||||||||
| Board Trustee | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Erichsen Peter C | |||||||||
| Secretary | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||
| Ett Alan | |||||||||
| Board Trustee | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Ferguson Corinne | |||||||||
| Board Trustee | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Fulham Timothy W | |||||||||
| Board Trustee | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Hodges Eloise W | |||||||||
| Board Trustee | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Holland Nancy Noble | |||||||||
| Board Trustee | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Hori Shintaro | |||||||||
| Board Trustee | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Joni Saj-nicole A | |||||||||
| Board Trustee | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| LindseyJustin | |||||||||
| Board Trustee | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Loder John | |||||||||
| Board Trustee | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| McGrath Thomas B | |||||||||
| Board Trustee | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Perry E Lee | |||||||||
| Board Trustee | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Powell Helen C | |||||||||
| Board Trustee | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Prevost Patrick M | |||||||||
| Board Trustee | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Reed Susan K | |||||||||
| Board Trustee | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Shattuck Isabel M | |||||||||
| Board Trustee | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Sloan Norton Q | |||||||||
| Board Trustee | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Smithgall Thurmond | |||||||||
| Board Trustee | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Thonis Michael | |||||||||
| Board Trustee | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Uhrig Jennifer S | |||||||||
| Board Trustee | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Vaill Timothy L | |||||||||
| Board Trustee | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Wisneski Frank V | |||||||||
| Board Chair | 8.00 | 0.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||
| Yogg Joan H | |||||||||
| Board Trustee | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Woodcock Anthony | |||||||||
| President | 40.00 | 0.00 | Yes (X) | $479,608 | $0 | $42,242 | Yes (X) | ||
| Lesser Edward | |||||||||
| Sr. VP Fin & Op | 40.00 | 0.00 | $247,046 | $0 | $42,388 | Yes (X) | |||
| Jones Donald E | |||||||||
| VP Inst Advance | 40.00 | 0.00 | $240,663 | $0 | $29,258 | Yes (X) | |||
| Novak Thomas | |||||||||
| Dean of College | 40.00 | 0.00 | $195,409 | $0 | $13,917 | Yes (X) | |||
| Fried Biss Miriam | |||||||||
| College Faculty | 35.00 | 0.00 | $161,520 | $0 | $19,359 | Yes (X) | |||
| Lesser Laurence | |||||||||
| College Faculty | 35.00 | 0.00 | $159,303 | $0 | $14,215 | Yes (X) | |||
| Schaphorst Ken | |||||||||
| College Faculty | 35.00 | 0.00 | $148,277 | $0 | $22,195 | Yes (X) | |||
| Weilerstein Donald | |||||||||
| College Faculty | 35.00 | 0.00 | $228,285 | $0 | $26,357 | Yes (X) | |||
| WolffHugh | |||||||||
| College Faculty | 35.00 | 0.00 | $205,298 | $0 | $27,659 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $2,065,409 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $237,590 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 35 | 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/AddressLine1 | CityContractorAddress/USAddress/City | StateContractorAddress/USAddress/State | ZIP CodeContractorAddress/USAddress/ZIPCode | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| Ann Beha Architects Inc | |||||
| 33 Kingston St | Boston | MA | 02111 | Architect service | $2,511,969 |
| Guardian Security & Protection | |||||
| 50 Strawberry Lane | Canton | MA | 02021 | Security service | $724,372 |
| Aramark Services Inc | |||||
| 1101 Market St | Philadelphia | PA | 19107 | Dining hall mgmt | $628,067 |
| AM-PM Cleaning Corp | |||||
| 295 Weston St | Waltham | MA | 02453 | Cleaning service | $488,802 |
| Tishman Construction Corp | |||||
| 84 State St 10th Floor | Boston | MA | 02109 | Construction | $433,025 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 11 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $671,494 | FundraisingAmt |
| Government Grants | $75,120 | GovernmentGrantsAmt |
| All Other Contributions | $6,320,559 | AllOtherContributionsAmt |
| Noncash Contributions | $682,285 | NoncashContributionsAmt |
| Total Contributions | $7,067,173 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| Concerts and Tours | 711130 | $507,513 | $507,513 |
| Non-academic fees | 611710 | $697,337 | $697,337 |
| Room and board | 721310 | $2,076,681 | $2,076,681 |
| Student health insurance | 524114 | $565,105 | $565,105 |
| Tuition and academic fees | 611710 | $34,875,973 | $34,875,973 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $874,179 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $874,179 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $39,596,788 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,772,402 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | -$57,243 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,829,645 | 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 | $841,998 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $578,227 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $263,771 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $263,771 | TotalRevenueColumnAmt |
| Exclusion | $263,771 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $720,750 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -$4,948 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $725,698 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $725,698 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $86,875 | UnrelatedBusinessRevenueAmt |
| Exclusion | $638,823 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $113,375 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $671,494 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $173,749 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$60,374 | TotalRevenueColumnAmt |
| Exclusion | -$60,374 | ExclusionAmt |
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 | $3,962 | GrossSalesOfInventoryAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,962 | TotalRevenueColumnAmt |
| Exclusion | $3,962 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | ExclusionExclusionAmt |
|---|---|---|---|
| Miscellaneous income | 900099 | $47,980 | $47,980 |
| Parking (employees) | 812930 | $186,786 | $186,786 |
| Special events | 900099 | $30,020 | $30,020 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $28,392 | TotalRevenueColumnAmt |
| Exclusion | $28,392 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $293,178 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $49,662,598 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $39,596,788 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $29,632 | UnrelatedBusinessRevenueAmt |
| Exclusion | $2,969,005 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,500 | TotalAmt |
| Program Services | $7,500 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,166,914 | TotalAmt |
| Program Services | $13,166,914 | 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 | $1,296,696 | TotalAmt |
| Program Services | $213,104 | ProgramServicesAmt |
| Management And General | $818,852 | ManagementAndGeneralAmt |
| Fundraising | $264,740 | FundraisingAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $20,264,224 | TotalAmt |
| Program Services | $16,633,142 | ProgramServicesAmt |
| Management And General | $2,503,788 | ManagementAndGeneralAmt |
| Fundraising | $1,127,294 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $669,284 | TotalAmt |
| Program Services | $541,843 | ProgramServicesAmt |
| Management And General | $82,487 | ManagementAndGeneralAmt |
| Fundraising | $44,954 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,958,814 | TotalAmt |
| Program Services | $1,566,091 | ProgramServicesAmt |
| Management And General | $279,735 | ManagementAndGeneralAmt |
| Fundraising | $112,988 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,492,373 | TotalAmt |
| Program Services | $1,169,403 | ProgramServicesAmt |
| Management And General | $227,342 | ManagementAndGeneralAmt |
| Fundraising | $95,628 | FundraisingAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $229,925 | TotalAmt |
| Program Services | $23,935 | ProgramServicesAmt |
| Management And General | $196,756 | ManagementAndGeneralAmt |
| Fundraising | $9,234 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $137,927 | TotalAmt |
| Management And General | $137,927 | 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 | $85,232 | TotalAmt |
| Fundraising | $85,232 | FundraisingAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $234,418 | TotalAmt |
| Management And General | $234,418 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,068,605 | TotalAmt |
| Program Services | $848,528 | ProgramServicesAmt |
| Management And General | $1,164,009 | ManagementAndGeneralAmt |
| Fundraising | $56,068 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $150,570 | TotalAmt |
| Program Services | $11,521 | ProgramServicesAmt |
| Management And General | $139,049 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,313,581 | TotalAmt |
| Program Services | $825,089 | ProgramServicesAmt |
| Management And General | $363,755 | ManagementAndGeneralAmt |
| Fundraising | $124,737 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $709,562 | TotalAmt |
| Program Services | $62,254 | ProgramServicesAmt |
| Management And General | $647,308 | ManagementAndGeneralAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,142,260 | TotalAmt |
| Program Services | $684,719 | ProgramServicesAmt |
| Management And General | $6,456,866 | ManagementAndGeneralAmt |
| Fundraising | $675 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,092,508 | TotalAmt |
| Program Services | $958,833 | ProgramServicesAmt |
| Management And General | $50,076 | ManagementAndGeneralAmt |
| Fundraising | $83,599 | 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 | $70,928 | TotalAmt |
| Program Services | $37,584 | ProgramServicesAmt |
| Management And General | $19,469 | ManagementAndGeneralAmt |
| Fundraising | $13,875 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,130,096 | TotalAmt |
| Program Services | $953,412 | ProgramServicesAmt |
| Management And General | $123,255 | ManagementAndGeneralAmt |
| Fundraising | $53,429 | FundraisingAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,857,539 | TotalAmt |
| Program Services | $1,616,719 | ProgramServicesAmt |
| Management And General | $114,961 | ManagementAndGeneralAmt |
| Fundraising | $125,859 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| Student health and food | $1,446,375 | $1,446,375 | ||
| All other expenses | $188,627 | $81,349 | $104,114 | $3,164 |
| Payroll processing & temp agen | $84,675 | $84,675 | ||
| Allocation of Building Ops | $0 | $2,786,014 | -$2,913,571 | $127,557 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | -$4,435,726 | TotalAmt |
| Program Services | $29,449 | ProgramServicesAmt |
| Management And General | -$4,465,175 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $52,362,907 | TotalAmt |
| Program Services | $43,663,778 | ProgramServicesAmt |
| Management And General | $6,370,096 | ManagementAndGeneralAmt |
| Fundraising | $2,329,033 | FundraisingAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Joint Costs | Yes (X) | JointCostsInd |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,294,460 | BOYAmt |
| EOY | $9,057,128 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,280,126 | BOYAmt |
| EOY | $1,587,552 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,780,947 | BOYAmt |
| EOY | $8,286,004 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $231,633 | BOYAmt |
| EOY | $246,580 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $655,242 | BOYAmt |
| EOY | $655,242 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,352,801 | BOYAmt |
| EOY | $3,259,240 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $365,875 | BOYAmt |
| EOY | $654,157 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $71,724,306 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $29,186,095 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $40,572,041 | BOYAmt |
| EOY | $42,538,211 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $42,370,046 | BOYAmt |
| EOY | $41,302,100 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $70,842,990 | BOYAmt |
| EOY | $79,018,762 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $170,746,161 | BOYAmt |
| EOY | $186,604,976 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,196,374 | BOYAmt |
| EOY | $3,576,204 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $931,548 | BOYAmt |
| EOY | $804,391 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,002,411 | BOYAmt |
| EOY | $23,685,000 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,436,798 | BOYAmt |
| EOY | $4,555,675 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $29,567,131 | BOYAmt |
| EOY | $32,621,270 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $34,192,387 | BOYAmt |
| EOY | $31,569,974 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $40,059,125 | BOYAmt |
| EOY | $54,546,221 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $66,927,518 | BOYAmt |
| EOY | $67,867,511 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $141,179,030 | BOYAmt |
| EOY | $153,983,706 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $170,746,161 | BOYAmt |
| EOY | $186,604,976 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$2,700,309 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $15,179,107 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $325,878 | 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) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| 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 |
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) |
|---|---|---|
| Collection Used Pub Exhibition | Yes (X) | CollectionUsedPubExhibitionInd |
| Coll Used Scholarly Rsrch | Yes (X) | CollUsedScholarlyRsrchInd |
| Collection Used Preservation | Yes (X) | CollectionUsedPreservationInd |
| Coll Used Loan Or Exch Prog | Yes (X) | CollUsedLoanOrExchProgInd |
| Solicited Assets Sale | false | SolicitedAssetsSaleInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $110,264,773 | BeginningYearBalanceAmt |
| Contributions | $1,005,510 | ContributionsAmt |
| Investment Earnings Or Losses | $15,904,177 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | -$2,644,163 | GrantsOrScholarshipsAmt |
| Other Expenditures | -$3,964,368 | OtherExpendituresAmt |
| Administrative Expenses | -$234,417 | AdministrativeExpensesAmt |
| End Year Balance | $120,331,512 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $111,484,527 | BeginningYearBalanceAmt |
| Contributions | $942,000 | ContributionsAmt |
| Investment Earnings Or Losses | $6,110,630 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | -$2,505,616 | GrantsOrScholarshipsAmt |
| Other Expenditures | -$5,541,007 | OtherExpendituresAmt |
| Administrative Expenses | -$225,761 | AdministrativeExpensesAmt |
| End Year Balance | $110,264,773 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $112,050,062 | BeginningYearBalanceAmt |
| Contributions | $6,167,106 | ContributionsAmt |
| Investment Earnings Or Losses | -$2,398,132 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | -$2,264,937 | GrantsOrScholarshipsAmt |
| Other Expenditures | -$1,858,550 | OtherExpendituresAmt |
| Administrative Expenses | -$211,022 | AdministrativeExpensesAmt |
| End Year Balance | $111,484,527 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $98,406,963 | BeginningYearBalanceAmt |
| Contributions | $2,888,700 | ContributionsAmt |
| Investment Earnings Or Losses | $16,311,430 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | -$2,325,994 | GrantsOrScholarshipsAmt |
| Other Expenditures | -$3,015,571 | OtherExpendituresAmt |
| Administrative Expenses | -$215,466 | AdministrativeExpensesAmt |
| End Year Balance | $112,050,062 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $89,613,212 | BeginningYearBalanceAmt |
| Contributions | $2,062,944 | ContributionsAmt |
| Investment Earnings Or Losses | $10,663,132 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | -$1,541,568 | GrantsOrScholarshipsAmt |
| Other Expenditures | -$2,188,672 | OtherExpendituresAmt |
| Administrative Expenses | -$202,085 | AdministrativeExpensesAmt |
| End Year Balance | $98,406,963 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.16660 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.54650 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.28690 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | false | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | false | EndowmentsHeldRelatedOrgInd |
| Related Org List Sch R | false | RelatedOrgListSchRInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,669,497 | OtherCostOrOtherBasisAmt |
| Book Value | $1,669,497 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $51,821,852 | OtherCostOrOtherBasisAmt |
| Depreciation | $19,426,927 | DepreciationAmt |
| Book Value | $32,394,925 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $13,701,385 | OtherCostOrOtherBasisAmt |
| Depreciation | $9,759,168 | DepreciationAmt |
| Book Value | $3,942,217 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $4,531,572 | OtherCostOrOtherBasisAmt |
| Book Value | $4,531,572 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $42,538,211 | TotalBookValueLandBuildingsAmt |
Closely Held Equity Interests CloselyHeldEquityInterestsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Book Value | $17,104,941 | BookValueAmt |
| Method Valuation | F | MethodValuationCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $79,018,762 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| Perkins Loan Refundable Advances | $3,687,577 |
| Planned giving liability | $868,098 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $4,555,675 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $56,998,630 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $15,179,107 | NetUnrealizedGainsInvstAmt |
| Other Revenue | -$7,608,656 | OtherRevenueAmt |
| Revenue Not Reported | $7,570,451 | RevenueNotReportedAmt |
| Revenue Subtotal | $49,428,179 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $234,419 | InvestmentExpensesNotIncldAmt |
| Revenue Not Reported Fincl Stmt | $234,419 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $49,662,598 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $39,762,814 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $751,976 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $751,976 | ExpensesNotReportedAmt |
| Expenses Subtotal | $39,010,838 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $234,418 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $13,117,651 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $13,352,069 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $52,362,907 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part III, Line 1a: If organization elected under SFAS 116 to not report are, historical treasures, o | The Conservatory maintains collections of historical instruments, art, vocal scores, recordings, and literary works. These collections are protected and preserved for public exhibition, education, research, and the furtherance of public service. They are neither disposed of for financial gain nor encumbered in any manner. Accordingly, these collections are not capitalized for financial statement purposes. |
| Part III, Line 4: Description of organization's collections and how it furthers its purpose. | NEC's historical instruments are exhibited as art objects on campus and at the Museum of Fine Arts, Boston. NEC's rare books, recordings and letters are part of its library holdings, available for research by NEC students and staff as well as others from the community. |
| Part V, Line 4: Intended uses of the endowment fund. | Endowment revenue is used to support program-related activities. |
| Part X : FIN48 Footnote | The Conservatory recognizes the financial statement benefit of a tax position only after determining that the relevant tax authority would more likely than not sustain the position following an audit. Tax positions for the open tax years as of June 30, 2013 were reviewed, and it was determined that no provision for uncertain tax positions was required as of June 30, 2014 or 2013. Management believes that the Conservatorys income tax returns for fiscal years ending June 30, 2011 and prior are no longer subject to examination by taxing authorities. |
| Part XII, Line 2d: Other expenses and losses per audited F/S | Rental revenue reported gross $578227 Fundraising events exp reported gross $173749 |
| Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S | Loss on extinguishment of debt $4431141 Tuition & dorm scholarship $13166914 Bad debt $-4480402 Rounding $-2 |
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 (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule E, Line 6 - Explanation of Aid or Assistance from Governmental Agency | US Dept of Education student grants and loans $6,671,682; Commonwealth of Massachusetts Cultural Council $25,000 |
| Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized | NEC includes the nondiscrimination policy in brochures, catalogues, and comparable materials dealing with student admissions, programs, and scholarships to satisfy the publicity requirement, given that NEC customarily draws a substantial percentage of its students both nationwide and worldwide. NEC follows this nondiscriminatory policy and has a racially balanced student body. |
| Schedule E, Line 4 - Explanation of Records and Materials Not Maintained | |
| Schedule E, Line 5 - Explanation of Organization Discrimination by Race |
Schedule F IRS990ScheduleF
Account Activities Outside US AccountActivitiesOutsideUSGrp (9 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Specific Services ProvidedSpecificServicesProvidedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|---|
| Central Amer & Caribbean | 0 | 0 | Program services | Academic activities | $7,508 |
| Europe | 0 | 0 | Program services | Academic activities | $229,149 |
| South America | 0 | 0 | Program services | Academic activities | $5,574 |
| Middle East and North Africa | 0 | 0 | Program services | Academic activities | $2,610 |
| Russia & Neighboring | 0 | 0 | Program services | Academic activities | $1,327 |
| N. Amer (Canada & MX) | 0 | 0 | Program services | Academic activities | $725 |
| Sub-Saharan Africa | 0 | 0 | Program services | Academic activities | $1,437 |
| Central Amer & Caribbean | 0 | 0 | Investments | $20,755,272 | |
| N. Amer (Canada & MX) | 0 | 0 | Investments | $4,990,307 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Spent | $25,993,909 | SubtotalSpentAmt |
| Total Spent | $25,993,909 | TotalSpentAmt |
| Transfer To Foreign Corp | Yes (true) | TransferToForeignCorpInd |
| Interest In Foreign Trust | false | InterestInForeignTrustInd |
| Foreign Corp Ownership | false | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | Yes (true) | PassiveForeignInvestmestCoInd |
| Foreign Partnership | Yes (true) | ForeignPartnershipInd |
| Boycott Countries | false | BoycottCountriesInd |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Mail Solicitations | Yes (X) | MailSolicitationsInd |
| Email Solicitations | Yes (X) | EmailSolicitationsInd |
| Phone Solicitations | Yes (X) | PhoneSolicitationsInd |
| In Person Solicitations | Yes (X) | InPersonSolicitationsInd |
| Solicitation Of Non Govt Grants | Yes (X) | SolicitationOfNonGovtGrantsInd |
| Solicitation Of Govt Grants | Yes (X) | SolicitationOfGovtGrantsInd |
| Special Fundraising Events | Yes (X) | SpecialFundraisingEventsInd |
| Agrmt Prof Fundraising Acty | Yes (true) | AgrmtProfFundraisingActyInd |
Fundraiser Activity Info FundraiserActivityInfoGrp
Organization Business Name OrganizationBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Wayland Group | BusinessNameLine1 |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 323 Boston Post | AddressLine1 |
| City | Sudbury | City |
| State | MA | State |
| ZIP Code | 01776 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Activity | Consulting | ActivityTxt |
| Fundraiser Control Of Funds | false | FundraiserControlOfFundsInd |
| Retained By Contractor | $85,232 | RetainedByContractorAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Retained By Contractors | $85,232 | TotalRetainedByContractorsAmt |
| Licensed States | MA | LicensedStatesCd |
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | Boston Gala | NameOfEvent1Amt |
| Gross Receipts Event1 | $784,869 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $671,494 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $113,375 | GrossRevenueEvent1Amt |
| Rent Facility Costs Event1 | $28,070 | RentFacilityCostsEvent1Amt |
| Food And Beverage Event1 | $100,205 | FoodAndBeverageEvent1Amt |
| Other Direct Expenses Event1 | $45,474 | OtherDirectExpensesEvent1Amt |
| Gross Receipts Total | $784,869 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $671,494 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $113,375 | GrossRevenueTotalEventsAmt |
| Rent Fclty Costs Total Events | $28,070 | RentFcltyCostsTotalEventsAmt |
| Food And Beverage Total Events | $100,205 | FoodAndBeverageTotalEventsAmt |
| Oth Direct Expnss Total Events | $45,474 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $173,749 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$60,374 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Commonwealth Shakespeare Co | BusinessNameLine1 |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 231 Forest Street | AddressLine1 |
| City | Babson Park | City |
| State | MA | State |
| ZIP Code | 02457 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient EIN | 042947682 | RecipientEIN |
| IRC Section | 501(c)(3) | IRCSectionDesc |
| Cash Grant | $7,500 | CashGrantAmt |
| Non Cash Assistance | $0 | NonCashAssistanceAmt |
| Purpose Of Grant | Support free performances of plays | PurposeOfGrantTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 1 | Total501c3OrgCnt |
| Total Other Org | 0 | TotalOtherOrgCnt |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | Scholarship and other financial aid | GrantTypeTxt |
| Recipient | 1069 | RecipientCnt |
| Cash Grant | $13,166,914 | CashGrantAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Additional Supplemental Information | FormAndLineReferenceDesc |
| Explanation | Part I, Line 2: The awarding of student financial aid grants under the U.S. Department of Education's Student Financial Assistance Program is monitored by NEC's Financial Aid Office, which ensures that NEC meets the compliance requirements of OMB Circular A-133. NEC's Financial Aid Office and Business Office are responsible for establishing and maintaining effective internal controls over compliance with the requirements of laws, regulations, contracts, and grants applicable to federal programs.Only current NEC students in good standing are provided scholarship grants or other financial assistance. Grants and assistance to NEC College students are in the form of institutional scholarships. All College scholarships are administered through NEC's financial aid system. Institutional scholarships are credited to the student's internal tuition account and represent an offset to tuition and other fees assessed by NEC.Preparatory program, continuing education program and summer session scholarships are tracked separately and administered through NEC's student billing system. Preparatory program, continuing education program and summer session scholarships are credited to the student's internal tuition account and represent an offset to tuition and other fees assessed by NEC.Grants and assistance to NEC staff and their eligible spouses and dependents are in the form of staff tuition waivers, pursuant to a written benefits plan. Staff tuition waivers are administered through the Conservatory's benefits system and, like institutional scholarships for students, are credited to the individual's internal account to offset tuition changes.All students receiving scholarships and fellowships are judged worthy by the institution's assessment on the basis of academic achievement, financial need and other similar standards. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Written Policy Ref T And E Expnss | Yes (true) | WrittenPolicyRefTAndEExpnssInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | 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 | false | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
| Rebuttable Presumption Proc | false | RebuttablePresumptionProcInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (9 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount |
|---|---|---|---|---|---|---|
| Fried Biss Miriam | ||||||
| College Faculty | $161,347 | $173 | $7,524 | $11,835 | $180,879 | |
| Jones Donald E | ||||||
| VP Inst Advance | $224,836 | $15,827 | $9,500 | $19,758 | $269,921 | |
| Lesser Edward | ||||||
| Sr. VP Fin & Op | $231,219 | $15,827 | $21,135 | $21,253 | $289,434 | |
| Lesser Laurence | ||||||
| College Faculty | $159,168 | $135 | $7,956 | $6,259 | $173,518 | |
| Novak Thomas | ||||||
| Dean of College | $165,130 | $279 | $7,885 | $6,032 | $209,326 | $30,000 |
| Schaphorst Ken | ||||||
| College Faculty | $148,120 | $157 | $3,977 | $18,218 | $170,472 | |
| Weilerstein Donald | ||||||
| College Faculty | $228,150 | $135 | $6,885 | $19,472 | $254,642 | |
| WolffHugh | ||||||
| College Faculty | $205,028 | $270 | $8,843 | $18,816 | $232,957 | |
| Woodcock Anthony | ||||||
| President | $462,497 | $17,111 | $29,533 | $12,709 | $521,850 | |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Line 1a: Relevant information in regards to selections on 1a. | FormAndLineReferenceDesc |
| Explanation | A $25,000 annual housing allowance is provided to faculty member Donald Weilerstein and is included within W-2 base compensation in Part VII of the Core form and in Schedule J. The housing allowance was negotiated by the former NEC President and Provost as part of Mr. Weilerstein's compensation in his faculty contract when he moved from Cleveland, Ohio to Boston, given the higher cost of housing in the Boston area. NEC adopted a Faculty Housing Allowance policy in fiscal 2013. | ExplanationTxt |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Mass Development Fin Age | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Issuer EIN | 043431814 | BondIssuerEIN |
| Bond Issued | 2014-06-30 | BondIssuedDt |
| Issue Price | $23,685,000 | IssuePriceAmt |
| Purpose | Refunding Series 2008 bonds | PurposeDesc |
| Defeased | false | DefeasedInd |
| On Behalf Of Issuer | false | OnBehalfOfIssuerInd |
| Pool Financing | false | PoolFinancingInd |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Total Proceeds | $23,685,000 | TotalProceedsAmt |
| Refunding Escrow | $23,389,001 | RefundingEscrowAmt |
| Issuance Costs From Proceeds | $295,999 | IssuanceCostsFromProceedsAmt |
| Current Refunding | Yes (true) | CurrentRefundingInd |
| Advance Refunding | Yes (true) | AdvanceRefundingInd |
| Final Allocation Made | Yes (true) | FinalAllocationMadeInd |
| Adequate Books And Rec Maint | Yes (true) | AdequateBooksAndRecMaintInd |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Owning Bond Financed Property | false | OwningBondFinancedPropertyInd |
| Any Lease Arrangements | Yes (true) | AnyLeaseArrangementsInd |
| Mgmt Contract Bond Fincd Prop | Yes (true) | MgmtContractBondFincdPropInd |
| Engage Bond Counsel Contracts | Yes (true) | EngageBondCounselContractsInd |
| Any Research Agreements | false | AnyResearchAgreementsInd |
| Engage Bond Counsel Research | Yes (true) | EngageBondCounselResearchInd |
| Private Bus Use By Others | 0.02588 | PrivateBusUseByOthersPct |
| Private Bus Concerning UBI | 0.00649 | PrivateBusConcerningUBIPct |
| Total Private Business Use | 0.03237 | TotalPrivateBusinessUsePct |
| Bond Iss Meet Prvt Sec Pymt Test | false | BondIssMeetPrvtSecPymtTestInd |
| Change In Use Bond Financed Prop | false | ChangeInUseBondFinancedPropInd |
| Procs Nonqualified Bond Remdtd | Yes (true) | ProcsNonqualifiedBondRemdtdInd |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Form8038 T Filed | false | Form8038TFiledInd |
| Rebate Not Due Yet | Yes (true) | RebateNotDueYetInd |
| Exception To Rebate | false | ExceptionToRebateInd |
| No Rebate Due | false | NoRebateDueInd |
| Hedge Identified In Bks And Rec | false | HedgeIdentifiedInBksAndRecInd |
| Gross Proceeds Invested In GIC | false | GrossProceedsInvestedInGICInd |
| Gross Proceeds Invested | false | GrossProceedsInvestedInd |
| Written Proc To Monitor Reqs | Yes (true) | WrittenProcToMonitorReqsInd |
Procedures Corrective Action ProceduresCorrectiveActionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Procedures Corrective Action | Yes (true) | ProceduresCorrectiveActionInd |
Schedule L IRS990ScheduleL
Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | A Woodcock | PersonNm |
| Relationship With Org | Pres. | RelationshipWithOrgTxt |
| Loan Purpose | Mortgage | LoanPurposeTxt |
| Loan From Organization | Yes (X) | LoanFromOrganizationInd |
| Original Principal | $655,242 | OriginalPrincipalAmt |
| Balance Due | $655,242 | BalanceDueAmt |
| Default | false | DefaultInd |
| Board Or Committee Approval | Yes (true) | BoardOrCommitteeApprovalInd |
| Written Agreement | Yes (true) | WrittenAgreementInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | $655,242 | TotalBalanceDueAmt |
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp
Name Of Interested NameOfInterested
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Baupost Group LLC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship Description | Part V below | RelationshipDescriptionTxt |
| Transaction | $184,090 | TransactionAmt |
| Transaction | See Part V below | TransactionDesc |
| Sharing Of Revenues | false | SharingOfRevenuesInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule L, Part V Supplemental Information | FormAndLineReferenceDesc |
| Explanation | Schedule L, Part IV, Business Transactions Involving Interested PersonsNEC Board Trustee and Treasurer Thomas W. Blumenthal is an officer and key employee of the Baupost Group, L.L.C. NEC Board Trustee Isabel M. Shattuck is the spouse of an officer and key employee of the Baupost Group, L.L.C. as well. The Baupost Group, L.L.C. is the manager of Baupost Value Partners L.P. IV, in which NEC is invested. The amount of $184,090 represents investment management fees paid to the Baupost Group, L.L.C. | ExplanationTxt |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 35 | ContributionCnt |
| Noncash Contributions Rpt F990 | $645,785 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | Fair mkt value | MethodOfDeterminingRevenuesTxt |
Other Non Cash Contri Table OtherNonCashContriTableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Desc | Instruments | Desc |
| Contribution | 2 | ContributionCnt |
| Noncash Contributions Rpt F990 | $36,500 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | Fair mkt value | MethodOfDeterminingRevenuesTxt |
| 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 | Yes (true) | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Line 32, Hire and Use of Third Parties | FormAndLineReferenceDesc |
| Explanation | UBS is the stock broker to which NEC directs donors who would like to make stock gifts to the organization. UBS accepts and liquidates each stock gift and sends the proceeds to NEC. Car Program Inc. is used by NEC to broker vehicle donations. However, no vehicle donations were received in the current tax year. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part III, Line 4d: Other Program Services Description | OTHER PROGRAM SERVICES 4: Concerts and Hall Rentals: Other program services include expenses related to over 1,000 free NEC concerts performed by students, faculty and guest artists per year and expenses for concerts at NEC performed by outside organizations. These outside organizations pay NEC hall rental fees and other associated rental costs, such as security and lighting/technical services, related to their performances. |
| Form 990, Part VI, Line 11b: Form 990 Review Process | In March 2010, NEC's Board of Trustees voted to delegate review and approval of the Form 990 to the Finance Committee. The Finance Committee receives a copy of the draft Form 990 without Schedule B prior to the meeting at which they review the Form 990. At the meeting, members of the Finance Committee receive a presentation on the Form 990 from management and provide input on the Form 990. In addition, NEC has tax advisors from a national accounting firm review the Form 990. Lastly, a final copy of the Form 990 without Schedule B is provided to all Trustees prior to electronically filing the return. |
| Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts | The conflict of interest policy is distributed to officers, trustees and key employees annually. All of these individuals are required to complete the form for the past fiscal year and disclose any conflicts of interest within the form. The policy also indicates that officers, trustees and key employees are required to make conflict of interest disclosures at any time during the year that they become aware of a conflict of interest. These conflicts are reviewed by the Controller as well as the Audit Committee and disclosed within the annual financial report if material and on Form 990 if they meet the stated IRS thresholds. Individuals who have conflicts of interest or are otherwise not independent from NEC due to a business relationship or receiving compensation from NEC recuse themselves from Board of Trustees votes on matters having to do with their transactions or compensation. |
| Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees | The following also refers to Part VI, Line 15a. Officer and key employee compensation is reviewed by the Compensation Committee of the Board of Trustees, which hires an independent compensation consultant periodically to compare officer and key employee compensation against industry data for similarly qualified people, in functionally comparable positions at similar organizations. Officers' and key employees' compensation packages are also approved by the Board of Trustees' Compensation Committee, which is comprised of individuals without any conflicts of interest with respect to the compensation, and the deliberations and decisions are documented contemporaneously as part of the committee's meetings. The process occurred in fiscal year 2014 for the NEC President, the Senior Vice President of Finance and Operations, the Vice President for Institutional Advancement, and the Dean of the College. |
| Form 990, Part VI, Line 19: Other Organization Documents Publicly Available | NEC's governing documents, conflict of interest policy, and financial statements are available to the public upon request for the same period of disclosure as set forth in section 6104(d). |
| Other Changes In Net Assets Or Fund Balances - Other Increases | Planned giving net change = $325878 |
| Form 990, Part IX, Line 24e | Due to a Form 990 software limitation, the description for the $-4,435,726 should read Bad Debt/Loss, not All Other Expenses. |
Schedule R IRS990ScheduleR
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (4 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1 | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|
| Charitable Remainder Trusts3 | |||||||
| 290 Huntington Ave | Boston | MA | 02115 | Investment | MA | Various | Yes (true) |
| Gift Annuities 34 | |||||||
| 290 Huntington Ave | Boston | MA | 02115 | Investment | MA | Merrill Lynch Trust | Yes (true) |
| Pooled Income Fund 13 | |||||||
| 290 Huntington Ave | Boston | MA | 02115 | Investment | MA | Merrill Lynch Trust | Yes (true) |
| Charitable Lead Annuity Trust | |||||||
| 230 Congress Street | Boston | MA | 02110 | Investment | MA | LoringW CTrust | Yes (true) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | Yes (true) | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | false | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | Yes (true) | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | false | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | Yes (true) | DivRelatedOrganizationInd |
| Asset Sale To Other Org | Yes (true) | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | Yes (true) | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | Yes (true) | 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 | false | TransferToOtherOrgInd |
| Transfer From Other Org | false | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp
Other Organization Name OtherOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Gift Annuities 34 | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transaction Type | c | TransactionTypeTxt |
| Involved | $100,000 | InvolvedAmt |
| Method Of Amount Determination | Cash | MethodOfAmountDeterminationTxt |