2014-05-13T13:27:53-05:00 2013-06-30 PricewaterhouseCoopers LLP 125 High Street Boston MA 02110 990 2012-07-01 050508151 RISD HOLDINGS INC % RISD HOLDINGS INC RISD 4014546766 TWO COLLEGE STREET Suite PROVIDENCE RI 02903 SAMUEL SOLOMAN 4014546766 2014-05-12 true GWEN SPENCER 6175305000 2012 2015-11-30 17:44:51Z ROSANNE SOMERSON TWO COLLEGE STREET PROVIDENCE RI 02903 1158444 false X WWW.RISD.EDU X 1999 RI SEE SCHEDULE O 3 1 0 0 0 0 0 0 0 0 0 405684 338153 405684 338153 0 0 0 0 0 0 0 0 0 260004 260004 260004 260004 145680 78149 4866256 4888517 6018278 5962390 -1152022 -1073873 X SEE SCHEDULE O false false NONE false false false false false false false false false true false false false true false false true false false false false false false false false false false false true false false false false false false false false false false true true false false true X 0 0 0 false false false false false false X 3 1 false false false false false false false true false false false true false false false false X RISD HOLDINGS INC 4014546766 TWO COLLEGE STREET PROVIDENCE RI 02903 X JOHN MAEDA 1.0 50.0 X X 0 488176 89250 WILLIAM DECATUR 1.0 50.0 X X 0 284021 48232 SCOTT R LATHAM 1.0 2.0 X 0 0 0 MICHAEL ALLEN 1.0 2.0 X ROGER LEAF 1.0 X 0 772197 137482 0 false true false RHODE ISLAND SCHOOL OF DESIGN TWO COLLEGE STREET PROVIDENCE RI 02903 MAINT REIMBURSEMENT 235632 SITE SPECIFIC LLC 45 DIKE STREET PROVIDENCE RI 02909 CONSTRUCTION SVCS 181074 2 0 0 0 0 0 1158444 820291 338153 0 338153 0 0 0 0 0 338153 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 260004 0 0 0 260004 334370 377994 0 0 0 0 8261 83524 0 0 0 0 0 0 0 0 0 0 5200000 773001 4523625 4426999 0 0 0 0 0 0 0 0 0 0 4866256 4888517 767519 717951 0 0 50759 44439 0 0 0 0 0 0 0 0 0 0 5200000 5200000 6018278 5962390 X 0 0 0 0 -1152022 -1073873 -1152022 -1073873 4866256 4888517 78149 X false true X true false 851861 851861 4348139 773001 3575138 4426999 0 NOTE PAYABLE 5200000 5200000 141974917 140816473 140816473 1158444 -820291 -820291 338153 123045058 122785054 122785054 260004 260004 SCHEDULE D, PART XI, LINE 2D RISD REVENUE NET OF ELIMINATING ENTRIES $140,816,473 SCHEDULE D, PART XI, LINE 4B RENTAL EXPENSE ($820,291) SCHEDULE D, PART XII, LINE 2D RISD EXPENSE NET OF ELIMINATING ENTRIES $121,964,763 RENTAL EXPENSE $820,291 -------------- TOTAL $122,785,054 false false false JOHN MAEDA 0 438142 50034 0 30995 0 58255 0 577426 0 0 WILLIAM DECATUR 0 276254 7767 0 26995 0 21237 0 332253 0 0 SCHEDULE J, PART I, LINE 3 IN SETTING THE PRESIDENT'S COMPENSATION, THE FOLLOWING WERE USED BY THE RELATED ORGANIZATION TO ESTABLISH COMPENSATION: - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - FORM 990 OF OTHER ORGANIZATIONS - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE SCHEDULE J, PART III NONE OF THE LISTED INDIVIDUALS RECEIVED ANY COMPENSATION FROM THE FILING ORGANIZATION. DURING FY13, EACH WAS AN EMPLOYEE OF RHODE ISLAND SCHOOL OF DESIGN (RISD), A RELATED ORGANIZATION. FORM 990, PARTS I AND III, LINE 1 THE PURPOSE OF RISD HOLDINGS, INC. IS TO HOLD TITLE TO VARIOUS PROPERTIES, TO COLLECT RENTAL INCOME FROM SUCH PROPERTIES, AND TO TURN OVER THE FULL AMOUNT OF INCOME, LESS EXPENSES, TO RHODE ISLAND SCHOOL OF DESIGN (RISD) TO HELP RISD CARRY OUT ITS EDUCATIONAL MISSION. RISD HOLDINGS, INC. CONDUCTS ITS BUSINESS IN PROVIDENCE, RHODE ISLAND, ADJACENT TO THE RISD CAMPUS. EMPLOYEES FORM 990, PART V, LINE 2A THE ORGANIZATION HAS EMPLOYEES BUT THEIR W-2S ARE ISSUED FROM RISD. PROCESS USED TO REVIEW FORM 990 FORM 990, PART VI, LINE 11B THE PROCESS FOR THE FY13 FORM 990 INCLUDES REVIEW BY SENIOR MANAGEMENT OF RISD, AND THE INDEPENDENT EXTERNAL TAX CONSULTANTS. THE AUDIT COMMITTEE IS PRESENTED WITH A DRAFT OF THE RETURN FOR THEIR REVIEW. THE FULL BOARDS OF BOTH RISD HOLDINGS, INC. AND RHODE ISLAND SCHOOL OF DESIGN RECEIVE A FINAL COPY OF THE FORM 990 BEFORE IT IS FILED. CONFLICT OF INTEREST FORM 990, PART VI, LINE 12A THE ORGANIZATION'S OFFICERS AND DIRECTORS ARE ALSO OFFICERS AND DIRECTORS OF RHODE ISLAND SCHOOL OF DESIGN (RISD). IN THIS CAPACITY, THEY ARE BOUND BY THE CONFLICT OF INTEREST POLICY OF RISD. ON AN ANNUAL BASIS, RISD'S TRUSTEES' OFFICE DISTRIBUTES A SURVEY TO ALL OF THE TRUSTEES REQUESTING INFORMATION ON MATTERS RELATING TO RISD'S CONFLICT OF INTEREST POLICY. THERE ARE FOLLOW UP PROCEDURES TO ENSURE THAT SURVEYS ARE COMPLETED AND RETURNED FOR REVIEW. THE GENERAL COUNSEL'S OFFICE PROVIDES ASSISTANCE TO TRUSTEES BY RESPONDING TO ANY QUESTIONS THEY MAY HAVE. RESULTS OF THE COMPLETED SURVEYS ARE PRESENTED TO THE TRUSTEES' AUDIT COMMITTEE. THE THRESHOLD FOR REPORTING TO THE COMMITTEE IS MORE THAN $10,000 PER YEAR (IN THE AGGREGATE, FOR EACH TRUSTEE). IN ADDITION TO THE ANNUAL SURVEY, THE TRUSTEES ARE REQUIRED TO DISCLOSE ANY ADDITIONAL CONFLICTS THAT MAY ARISE DURING THE COURSE OF THE YEAR. FURTHER, WHENEVER ANY MATTER INVOLVING A CONFLICT OF INTEREST ON THE PART OF ANY TRUSTEE IS DISCUSSED OR PROPOSED FOR ACTION AT BOARD OR COMMITTEE MEETINGS, SUCH CONFLICT SHALL BE DISCLOSED TO OTHER TRUSTEES PRESENT, AND THE TRUSTEE HAVING SUCH CONFLICT SHALL NOT VOTE OR USE HIS OR HER PERSONAL INFLUENCE ON THE MATTER. WHISTLEBLOWER, DOCUMENT RETENTION AND DESTRUCTION FORM 990, PART VI, LINES 13 AND 14 THE ORGANIZATION'S OFFICERS AND DIRECTORS ARE ALSO OFFICERS AND DIRECTORS OF RHODE ISLAND SCHOOL OF DESIGN (RISD). RISD HAD THEIR WRITTEN POLICIES IN PLACE DURING FY13; HOWEVER, THE BOARD HAS NOT YET APPROVED THE DOCUMENT RETENTION AND DESTRUCTION POLICY. APPROVAL IS EXPECTED AT A FUTURE DATE. PUBLIC AVAILABILITY OF FINANCIAL STATEMENTS FORM 990, PART VI, LINE 19 RISD HOLDINGS' FINANCIAL STATEMENTS ARE INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS OF THE RHODE ISLAND SCHOOL OF DESIGN THAT ARE MADE AVAILABLE ON WWW.RISD.EDU AND ALSO BY REQUEST. COMPENSATION FORM 990, PART VI, SECTION A THE OFFICERS ARE COMPENSATED IN CONNECTION WITH THEIR SERVICES TO RISD IN WHICH THEY WORK 50 HOURS. IT IS ESTIMATED THAT AN ADDITIONAL HOUR PER WEEK IS WORKED BY EACH OFFICER ON BEHALF OF RISD HOLDINGS. TECHNOLOGY AND DESIGN BUILDINGS LLC 2 COLLEGE STREET PROVIDENCE RI 02903 050258956 REAL ESTATE RI 40248 RISD RHODE ISLAND SCHOOL OF DESIGN TWO COLLEGE STREET PROVIDENCE RI 02903 050258956 EDUCATION RI 501(C)(3) 2 NA false CHARITABLE REMAINDER TRUSTS (9) FUNDRAISING MA RISD TRUST false false false false false true false false false true false false true false true true false false false SCHEDULE R, PART IV, LINE 1 CHARITABLE REMAINDER TRUSTS ARE DOMICILED IN MASSACHUSETTS, MARYLAND, CALIFORNIA, RHODE ISLAND AND CONNECTICUT. SCHEDULE R, PART V, LINE 1N THE SUPERINTENDENT RECEIVES COMPENSATION AND A W-2 FROM RISD, BUT SPENDS THE MAJORITY OF HIS TIME PERFORMING SERVICES FOR RISD HOLDINGS. RISD HOLDINGS REIMBURSES RISD FOR THE TOTAL COMPENSATION PAID TO THE SUPERINTENDENT.