2014-04-14T12:53:16-05:00 2013-05-31 KPMG LLP 60 South Street Boston MA 02111 990 2012-06-01 042300472 BERKLEE COLLEGE OF MUSIC INC % BRUCE M GREENBERG BERK 6177472287 1140 BOYLSTON STREET Suite BOSTON MA 022153693 RICHARD M HISEY 2014-04-03 6179881000 2012 2015-11-30 17:44:51Z ROGER H BROWN 1140 BOYLSTON STREET BOSTON MA 022153693 273559520 false X WWW.BERKLEE.EDU X 1945 MA THE MISSION OF BERKLEE COLLEGE OF MUSIC IS TO EDUCATE, TRAIN, AND DEVELOP STUDENTS TO EXCEL IN MUSIC AS A CAREER. 30 29 3077 30 233855 15120033 10978986 195556270 205189389 14536736 7691201 1974660 2097870 227187699 225957446 30884852 33690114 0 0 109513196 115072676 0 0 5279199 67206832 65316578 207604880 214079368 19582819 11878078 531550398 577343235 383880675 376498874 147669723 200844361 X THE MISSION OF BERKLEE COLLEGE OF MUSIC IS TO EDUCATE, TRAIN, AND DEVELOP STUDENTS TO EXCEL IN MUSIC AS A CAREER. true false 154455508 33690114 177082177 EDUCATION AND INSTRUCTION: THE PROGRAM IS PROVIDED TO DEVELOP THE SKILLS AND KNOWLEDGE OF STUDENTS SEEKING DEGREES IN MUSIC. THE COLLEGE PROVIDES OUTSTANDING FACULTY AND TEACHING FACILITIES FOR OVER 4,300 STUDENTS FROM THE US AND 95 FOREIGN COUNTRIES. THE COLLEGE ALSO OFFERS A NEW WAY FOR MUSICIANS AROUND THE WORLD TO JOIN THE GLOBAL MUSIC COMMUNITY-AS PERFORMERS, AS PRACTITIONERS, AND AS LEADERS WITH THE COLLEGE'S FIRST INTERNATIONAL CAMPUS IN VALENCIA. 11758545 13030548 BERKLEE ONLINE: BERKLEE COLLEGE OF MUSIC OFFERS ACCREDITED PROGRAMS IN THE AREAS OF PRODUCTION, GUITAR, SONG WRITING, THEORY, HARMONY AND EAR TRAINING, AND THE MUSIC BUSINESS. CURRENTLY MORE THAN 8,232 STUDENTS PARTICIPATE IN ONLINE LEARNING. 6826180 16102304 AUXILIARY SERVICES: THE COLLEGE HAS RESIDENCE HALL FACILITIES TO PROVIDE HOUSING FOR THOSE STUDENTS THAT CHOOSE TO LIVE AT THE COLLEGE. THE COLLEGE ALSO PROVIDES MEAL PLANS FOR BOTH STUDENTS IN HOUSING AND THOSE COMMUTER STUDENTS THAT CHOOSE THIS PLAN. 173040233 true true false false false false false false true true false false true true true false true true true true false false false true false false false true true true false false false false false false false false false false true false false false false true true true false false true 810 0 true 3077 true true true true SP false false false true true false false false false X 30 29 true false true false false false false true true false false true true true true true true true true true false MA X X BRUCE M GREENBERG 6177472287 1140 BOYLSTON ST Boston MA 022153693 DAVID C ABRAMS 1.0 X 0 0 0 LUIS ALVAREZ 1.0 X 0 0 0 FRANCES R BERMANZOHN 1.0 X 0 0 0 PAT CASALE 1.0 X 0 0 0 DAVID CLEM 1.0 X 0 0 0 JOHN CONNAUGHTON 1.0 X 0 0 0 RONALD A CRUTCHER 1.0 X 0 0 0 MICHAEL DREESE 1.0 X 0 0 0 MICHAEL R EISENSON 1.0 X 0 0 0 DEAN GOODERMOTE 1.0 X 0 0 0 PETER C GOTCHER 1.0 X 0 0 0 CHRISTOPHER GUEST 1.0 X 0 0 0 NILS GUMS 1.0 X 0 0 0 ELLIOT D HILLBACK 1.0 X 0 0 0 CHARLES HIRSCHHORN 1.0 X 0 0 0 STEVEN H HOLTZMAN 1.0 X 0 0 0 BILL KAISER 1.0 X 0 0 0 ANN KREIS 1.0 X 0 0 0 SARA LAWRENCE-LIGHTFOOT 1.0 X 0 0 0 WILLIAM J LYNCH 1.0 X 0 0 0 JOHN J MACWILLIAMS 1.0 X 0 0 0 MARTIN MANNION 1.0 X 0 0 0 MARC MAYER 1.0 X 0 0 0 KRISTINE MOYER HIGGINS 1.0 X 0 0 0 PETER MULLER 1.0 X 0 0 0 TIM NILSON 1.0 X 0 0 0 JAMES J PALLOTA 1.0 X 0 0 0 PHIL RAMONE 1.0 X 0 0 0 CARMICHAEL S ROBERTS 1.0 X 0 0 0 JEFF SHAMES 1.0 X 0 0 0 PAUL SIMON 1.0 X 0 0 0 JANET MARIE SMITH 1.0 X 0 0 0 JEFFREY C WALKER 1.0 X 0 0 0 BILL WHELAN 1.0 X 0 0 0 SUSAN WHITEHEAD 1.0 X 0 0 0 ANN MARIE WILKINS 1.0 X 0 0 0 LEWIS T WILLIAMS 1.0 X 0 0 0 ROGER H BROWN 35.0 X X 501034 0 53503 RICHARD HISEY 35.0 X 288862 0 53569 JOANNE WHITAKER 35.0 X 90239 0 22799 JOHN ELDERT 35.0 X 259442 0 43815 DAVID KUSEK 35.0 X 353131 0 41506 CYNTHIA LINK 35.0 X 253232 0 53040 DAVID S MASH 35.0 X 283574 0 48502 LAWRENCE J SIMPSON 35.0 X 282952 0 36086 AMELIA S KOCH 35.0 X 209962 0 23334 2522428 0 376154 203 true true false LEE KENNEDY COMPANY INC 122 QUINCY SHORE DRIVE QUINCY MA 02171 CONSTRUCTION MGMT. 20881400 ARAMARK SERVICES INC 1057 SOLUTIONS CENTER CHICAGO IL 60677 FOOD SERVICES 2848504 ACME BUILDING SERVICES INC LAKESIDE OFFICE PARK DOOR 6 WAKEFIELD MA 01880 CUSTODIAL SERVICES 2685778 WILLIAM RAWN ASSOCIATES 10 POST OFFICE SQUARE BOSTON MA 02109 ARCHITECT 1351064 LONGWOOD SECURITY SERVICES 2 BROOKLINE PLACE SUITE 203 BROOKLINE MA 02445 SECURITY SERVICES 1308403 72 1796851 910655 8271480 1074689 10978986 TUITION & FEES 611710 174404853 174404853 ROOM & BOARD 721310 16102304 16102304 BERKLEE ONLINE 611710 13030548 13030548 PERFORMANCE CENTER 611710 857172 857172 OTHER INCOME 611710 794512 794512 205189389 263865 233855 30010 0 0 1911631 0 1516812 394819 0 394819 394819 49375313 0 41947977 7427336 0 7427336 7427336 100730 1796851 424517 -323787 -323787 0 0 4738408 3712768 1025640 1025640 INTEREST INCOME NON-SECURITIES 900099 72135 72135 BOOKSTORE 451211 458413 458413 BERKLEE PRESS 900099 470650 470650 1001198 225957446 206215029 233855 8529576 0 33690114 33690114 0 0 900018 230237 485085 184696 0 86044711 72548733 10525419 2970559 9386879 24857 9342082 19940 12931464 10897299 1573185 460980 5809604 4893245 716002 200357 3741885 3741885 585462 585462 238327 238327 0 0 0 0 2825648 1942940 706610 176098 5978330 3846830 1944017 187483 4250147 610703 3639444 1135661 1135661 9872699 9538002 334697 1559528 861005 496573 201950 0 504408 283414 188267 32727 8050024 6768520 1085411 196093 0 10850409 9123104 1462996 264309 246438 246438 COST OF MEALS 3007454 2921461 85993 FACILITATOR FEES 2435327 2435327 EVENT EXPENSE 771036 681934 89102 AUDITIONING 811823 776805 35018 8451972 6088157 1979808 384007 214079368 173040233 35759936 5279199 0 0 22825331 24713577 9546274 4385144 372884 347501 0 0 0 0 5824644 5858887 0 0 0 0 300377849 108121135 150820942 192256714 243450428 290634435 0 0 0 0 0 0 98709895 59146977 531550398 577343235 79075878 79106967 0 0 25009770 23450414 261052631 256126205 0 0 0 0 0 0 16018677 15001618 2723719 2813670 383880675 376498874 X 104324290 151655687 20759478 25593149 22585955 23595525 147669723 200844361 531550398 577343235 X 11878078 37395447 3901113 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 243450428 12504444 45086648 863414 9543671 290634435 248718071 10323705 -5492634 1224184 8874530 243450428 203752923 11547566 43803761 2255999 8130180 248718071 176725144 13379856 24030351 944344 9438084 203752923 231755589 11349105 -57406221 1741637 7231692 176725144 0.89468 0.07939 0.02593 false false 22963364 22963364 166527929 72061182 94466747 13389634 9295398 4094236 35508493 25760656 9747837 61988429 1003899 60984530 192256714 DUE FROM VALENCIA 12986602 OTHER ASSETS 6805869 DEPOSIT WITH BOND TRUSTEES 39354506 59146977 0 REFUNDABLE ADVANCES - U.S. GOV 2813670 2813670 X 276307464 37395447 7300474 44695921 231611543 -5654097 -5654097 225957446 226491674 12412306 12412306 214079368 214079368 ENDOWMENT FUNDS PART V, LINE 4 ENDOWMENT ASSETS ARE INTENDED TO PROVIDE INCOME FOR CURRENT OPERATIONS AND OPERATIONS AND SCHOLARSHIPS WITHIN LEGAL SPENDING LIMITS. PERMANENT RESTRICTED ASSETS MUST BE HELD IN PERPETUITY. TEMPORARY RESTRICTED ASSETS ARE HELD FOR DONOR SPECIFIED TIME OR PURPOSE. LIABILITY FOR UNCERTAIN TAX POSITIONS UNDER FIN 48 (ASC 740) PART X, LINE 2 THE COLLEGE IS A TAX-EXEMPT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE), AND IS GENERALLY EXEMPT FROM TAXES PURSUANT TO SECTION 501(A) OF THE CODE. THE COLLEGE BELIEVES IT HAS TAKEN NO SIGNIFICANT UNCERTAIN TAX POSITIONS. OTHER REVENUE INCLUDED IN FINANCIAL STATEMENTS NOT ON RETURN PART XI, LINE 2D BERKLEE VALENCIA REVENUE 3,399,361 PENSION OBLIGATION CHANGES OTHER THAN NET PERIODIC COSTS 3,901,113 TOTAL 7,300,474 REVENUE INCLUDED ON RETURN BUT NOT IN FINANCIAL STATEMENTS PART XI, LINE 4B RECLASS OF FUNDRAISING EXPENSE (424,517) RECLASS OF RENTAL EXPENSE (1,516,812) BERKLEE LAPTOP PROGRAM COSTS OF GOODS SOLD (3,712,768) TOTAL (5,654,097) OTHER EXPENSES INCLUDED IN FINANCIAL STATEMENTS BUT NOT ON RETURN PART XII, LINE 2D BERKLEE VALENCIA EXPENSES 6,758,209 BERKLEE LAPTOP PROGRAM COSTS OF GOODS SOLD 3,712,768 RECLASS OF RENTAL EXPENSE 1,516,812 RECLASS OF FUNDRAISING EXPENSE 424,517 TOTAL 12,412,306 true true true true true true true false false false false false false false false true false true PUBLICIZE NONDISCRIMINATORY POLICY LINE 3 THE COLLEGE'S POLICY OF NONDISCRIMINATION IS PUBLISHED IN ALL COLLEGE CATALOGUES AND BROCHURES, AS WELL AS ALL EMPLOYMENT ADVERTISEMENTS. FINANCIAL AID OR ASSISTANCE LINE 6A THE COLLEGE RECEIVES FEDERAL AND STATE STUDENT FINANCIAL AID IN THE FORM OF GRANTS, LOANS, AND WORK STUDY. Europe (Including Iceland and Greenland) 1 3 Program Services VALENCIA CAMPUS 6758209 Europe (Including Iceland and Greenland) Program Services STUDY ABROAD 117847 Central America and the Caribbean Investments 61507941 1 3 1 3 68383997 68383997 true false true true true true ACTIVITY PER REGION PART I, LINE 3 THE ACTIVITY CONDUCTED IN SPAIN IS MANAGEMENT AND PROGRAM SERVICES, INCLUDING GRADUATE PROGRAMS, AND STUDY ABROAD FOR THE COLLEGE'S FIRST INTERNATIONAL CAMPUS. GALA 1559984 1469983 90001 260789 20971 74634 BOSTON ROCKS 280134 269405 10729 2489 54600 2 57463 57463 11034 1897581 1796851 100730 263278 20971 140268 424517 -323787 true INTERNALLY FUNDED SCHOLARSHIPS 2657 28560869 FMV EXTERNALLY FUNDED SCHOLARSHIPS 364 4367580 FMV MASSACHUSETTS STATE SCHOLARSHIPS 139 153500 FMV SEOG FINANCIAL AID 250 332332 FMV COLLEGE WORK STUDY - PAYROLL 313 275833 FMV ORGANIZATION'S PROCEDURE FOR MONITORING THE USE OF GRANT FUNDS PART I, LINE 2 THE COLLEGE'S OFFICE OF FINANCIAL AID IS RESPONSIBLE FOR AWARDING AND MONITORING ALL FEDERAL AND STATE GRANT ASSISTANCE. STUDENTS APPLY FOR FINANCIAL AID BY COMPLETING A FAFSA FORM WHICH CAPTURES THE DATA REQUIRED DETERMINING ELIGIBILITY BASED ON FEDERAL AND/OR STATE REGULATIONS. DOCUMENTATION TO SUPPORT ELIGIBILITY IS KEPT FOR EACH INDIVIDUAL STUDENT ON FILE IN THE FINANCIAL AID OFFICE. WHEN FUNDS ARE AWARDED, STUDENT ELIGIBILITY IS MONITORED THROUGH THE COLLEGE'S OPERATIONAL SYSTEM AID MODULE TO ENSURE THERE ARE NO CHANGES IN STATUS THAT MIGHT AFFECT THEIR ONGOING ELIGIBILITY. TOTAL GRANT FUNDS AWARDED ARE TRACKED TO ENSURE COMPLIANCE WITH AUTHORIZED AMOUNTS FROM THE FUNDING AGENCY. THE COLLEGE ALSO IS REQUIRED TO SUBMIT AN ANNUAL INDEPENDENT A-133 AUDIT TO ENSURE COMPLIANCE WITH ALL FEDERAL REGULATIONS FOR GRANT ASSISTANCE. THE SCHOLARSHIP OFFICE IS RESPONSIBLE FOR AWARDING AND MONITORING ALL INSTITUTIONAL SCHOLARSHIP ASSISTANCE. CONTINUING STUDENTS APPLY FOR SCHOLARSHIP AID BY COMPLETING A SCHOLARSHIP APPLICATION FORM WHICH CAPTURES THE DATA REQUIRED TO DETERMINE ELIGIBILITY BASED ON INSTITUTIONAL GUIDELINES. ENTERING STUDENTS ARE AUTOMATICALLY CONSIDERED FOR SCHOLARSHIP BASED ON THE COLLEGE'S AUDITION AND INTERVIEW PROCESS. DOCUMENTATION TO SUPPORT ELIGIBILITY IS KEPT FOR EACH INDIVIDUAL STUDENT ON FILE IN THE SCHOLARSHIP OFFICE. WHEN FUNDS ARE AWARDED, STUDENT ELIGIBILITY IS MONITORED THROUGH THE COLLEGE'S OPERATIONAL SYSTEM SCHOLARSHIP MODULE TO ENSURE THERE ARE NO CHANGES IN STATUS THAT MIGHT AFFECT THEIR ONGOING ELIGIBILITY. TOTAL SCHOLARSHIP FUNDS AWARDED ARE TRACKED TO ENSURE COMPLIANCE WITH BUDGETED AMOUNTS. THE SCHOLARSHIP OFFICE REVIEWS ALL AWARDS EACH SEMESTER TO DETERMINE THAT THE STUDENT IS STILL ELIGIBLE FOR THE SCHOLARSHIP. X X true true X X X X true true false false false true false false false ROGER H BROWN 395108 0 41700 0 64226 0 22500 0 31003 0 554537 0 0 0 RICHARD HISEY 241716 0 26800 0 20346 0 22500 0 31069 0 342431 0 0 0 JOHN ELDERT 200884 0 4300 0 54258 0 19418 0 24397 0 303257 0 0 0 DAVID KUSEK 205651 0 23006 0 124474 0 20345 0 21161 0 394637 0 0 0 CYNTHIA LINK 224632 0 7300 0 21300 0 22350 0 30690 0 306272 0 0 0 DAVID S MASH 262585 0 13800 0 7189 0 22500 0 26002 0 332076 0 0 0 LAWRENCE J SIMPSON 245020 0 13200 0 24732 0 22500 0 13586 0 319038 0 0 0 AMELIA S KOCH 198653 0 6000 0 5309 0 18558 0 4776 0 233296 0 0 0 BENEFITS PART I, LINE 1A TRAVEL FOR COMPANIONS IS PROVIDED ONLY TO THE PRESIDENT AND IS INCLUDED AS TAXABLE COMPENSATION ON HIS FORM W-2. HEALTH CLUB DUES ARE REIMBURSED TO MEMBERS OF THE PRESIDENT'S COUNCIL UNDER AN EXECUTIVE WELLNESS REIMBURSEMENT PROGRAM. THIS INCLUDES THE SENIOR VICE PRESIDENTS AND VICE PRESIDENTS REPORTED IN FORM 990 PART VII. THE AMOUNTS ARE INCLUDED AS TAXABLE COMPENSATION IN EACH INDIVIDUALS FORM W-2. SEVERANCE PAYMENT PART I, LINE 4A DAVID KUSEK RECEIVED A SEVERANCE PAYMENT OF $88,635. SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN PART I, LINE 4B ROGER BROWN AND DAVID MASH PARTICIPATE IN A FROZEN NONQUALIFIED SUPPLEMENTAL RETIREMENT PLAN. JOHN ELDERT RECEIVED A PAYMENT FROM A NONQUALIFIED SUPPLEMENTAL RETIREMENT PLAN DURING CALENDAR YEAR 2012 OF $42,733. COMPENSATION CONTINGENT ON NET EARNINGS PART I, LINE 6A THE BONUS PAYMENT RECEIVED BY THIS REPORTABLE INDIVIDUAL WAS, IN PART DETERMINED BY THE FINANCIAL RESULTS OF THE EDUCATIONAL UNIT HE LEADS. NUMEROUS OTHER QUALITATIVE AND QUANTITATIVE MEASURES WERE ALSO EVALUATED IN DETERMINING THIS BONUS PAYMENT. BOTH THE QUANTITATIVE AND QUALITATIVE METRICS USED WERE DEFINED AND AGREED UPON IN CONSULTATION WITH THE COLLEGE'S PRESIDENT. THE BONUS IS REPORTED ON THE INDIVIDUAL'S W-2 TO THE INTERNAL REVENUE SERVICE AND IS INCLUDED IN TAXABLE COMPENSATION. A MDFA REVENUE BONDS SERIES 2007A 042456011 57586CE27 2007-08-08 178014966 SEE SCHEDULE O false false false B MDFA REVENUE BONDS SERIES 2011 043431814 57583UJE9 2011-09-22 95437831 PURCHASE LAND, BUILDING, EQUIPMENT false false false A 15615966 0 183964049 0 0 0 1232844 0 0 100303829 82427376 0 2012 true false true true B 1710626 0 97848667 0 0 0 678781 0 0 57815380 0 39354506 2014 false false false true A false true false false 0.02500 0.02500 false false false true B false false false false 0.01000 0.01000 false false false true A false false false true false false 0 false false true TRANSAMERICA 2. true false false B false false false true false false 0 false false false 0 false false A false B false PROCEEDS OF BOND ISSUE 0 SCHEDULE K, PART II, LINE 3 THE DIFFERENCE BETWEEN THE ISSUE PRICE AND TOTAL PROCEEDS FOR BOND ISSUES A AND B IS INVESTMENT EARNINGS OF 5,949,083 AND 2,410,836, RESPECTIVELY. REBATE COMPUTATION DATE 0 SCHEDULE K, PART IV, LINE 2C NO REBATE IS DUE ON THE BOND ISSUES. THE COMPUTATION DATE WAS 05/31/2013. PROCEDURES TO TAKE CORRECTIVE ACTION 0 SCHEDULE K, PART V THE COLLEGE MONITORS THEIR TAX EXEMPT BONDS TO ENSURE THAT VIOLATIONS OF FEDERAL TAX REQUIREMENTS ARE TIMELY IDENTIFIED AND CORRECTED THROUGH THE VOLUNTARY CLOSING AGREEMENT PROGRAM IF SELF-REMEDIATION IS NOT AVAILABLE. HOWEVER, NO WRITTEN PROCEDURES WERE IN PLACE AT MAY 31, 2013. X MUSICAL INSTRUMENTS 23 138600 FMV X MUSIC EQUIPMENT 1 9108 FMV X OTHER 3 19811 FMV X ACADEMIC SOFTWARE 8 907170 FMV false true false ORGANIZATION'S MISSION PART III, LINE 1 THE MISSION OF BERKLEE COLLEGE OF MUSIC IS TO EDUCATE, TRAIN, AND DEVELOP STUDENTS TO EXCEL IN MUSIC AS A CAREER. DEVELOPING THE MUSICIANSHIP OF OUR STUDENTS IS THE FOUNDATION OF OUR CURRICULUM. WE BELIEVE THAT THE LESSONS AND QUALITIES DERIVED FROM THAT WORK -THE SELF DISCIPLINE NEEDED FOR EXCELLENCE, THE EMPATHY REQUIRED OF MUSIC-MAKING, AND THE OPENNESS AND INQUISITIVENESS ESSENTIAL TO CREATIVITY -ARE CRITICAL TO ACHIEVEMENT IN ANY PURSUIT, MUSICAL OR OTHERWISE; AND THAT MUSIC IS A POWERFUL CATALYST FOR PERSONAL GROWTH, WHICH IS CENTRAL TO ANY COLLEGIATE EXPERIENCE. FOUNDED ON JAZZ AND POPULAR MUSIC ROOTED IN THE AFRICAN CULTURE DIASPORA, OUR COMPREHENSIVE CURRICULUM IS DISTINCTLY CONTEMPORARY IN ITS CONTENT AND APPROACH, AND EMBRACES THE PRINCIPAL MUSICAL MOVEMENTS OF OUR TIME. THROUGH A COURSE OF SCHOLARLY AND PRACTICAL LEARNING EXPERIENCES INTEGRATING PERFORMANCE AND WRITING, OUR CURRICULUM COVERS THE VARIETY OF STYLES, RELEVANT TECHNOLOGIES, AND CAREER OPPORTUNITIES OPEN TO TODAY'S MUSIC PROFESSIONAL. SIGNIFICANT NEW PROGRAM SERVICES PART III, LINE 2 BERKLEE COLLEGE OF MUSIC FILED ARTICLES OF AMENDMENT AND RECEIVED APPROVAL FROM THE MASSACHUSETTS DEPARTMENT OF HIGHER EDUCATION ON OCTOBER 17, 2012 TO OFFER THE FOLLOWING DEGREES: MASTERS OF MUSIC - CONTEMPORARY PERFORMANCE CAREERS MASTER OF ARTS - MUSIC THERAPY MASTER OF ART - GLOBAL ENTERTAINMENT AND MUSIC BUSINESS MASTER OF MUSIC - CONTEMPORARY MUSIC EDUCATION BACHELOR OF PROFESSIONAL STUDIES - MUSIC PRODUCTION BACHELOR OF PROFESSIONAL STUDIES - MUSIC BUSINESS FAMILY AND BUSINESS RELATIONSHIPS PART VI, SECTION A, QUESTION 2 THE TRUSTEES OF BERKLEE COLLEGE OF MUSIC ALSO SERVE AS THE TRUSTEES OF BERKLEE VALENCIA. SIGNIFICANT CHANGES TO GOVERNING DOCUMENTS PART VI, SECTION A, QUESTION 4 BERKLEE COLLEGE OF MUSIC FILED ARTICLES OF AMENDMENT AND RECEIVED APPROVAL FROM THE MASSACHUSETTS DEPARTMENT OF HIGHER EDUCATION ON OCTOBER 17, 2012 TO OFFER NEW MASTERS AND NEW BACHELOR DEGREES. FORM 990 REVIEW PROCESS PART VI, SECTION B, QUESTION 11A THE FORM 990 IS PREPARED AND REVIEWED BY THE CONTROLLER'S DEPARTMENT AND REVIEWED BY THE COLLEGE'S TAX ADVISORS. UPON COMPLETION, THE DRAFT FORM 990 IS DISTRIBUTED TO THE MEMBERS OF THE AUDIT & FISCAL CONTROLS COMMITTEE FOR THEIR REVIEW AND COMMENTS. ONCE THE DRAFT HAS BEEN REVIEWED BY THE COMMITTEE, THE FINAL FORM 990 IS DISTRIBUTED TO THE FULL BOARD PRIOR TO FILING WITH THE IRS. CONFLICT OF INTEREST POLICY PART VI, SECTION B, QUESTION 12C THE PURPOSE OF THE CONFLICTS OF INTEREST POLICY IS TO PROTECT THE COLLEGE'S INTEREST WHEN IT IS ENTERING INTO A TRANSACTION OR ARRANGEMENT THAT MIGHT BENEFIT THE PRIVATE INTEREST OF AN INTERESTED PERSON. AN INTERESTED PERSON IS DEFINED AS ANY PERSON WHO IS OR WAS DURING THE PREVIOUS FIVE YEARS IN A POSITION TO EXERCISE SUBSTANTIAL INFLUENCE OVER THE COLLEGE'S AFFAIRS, INCLUDING ANY TRUSTEE, OFFICER, SUBSTANTIAL DONOR, SENIOR MANAGER OR MEMBER OF A COMMITTEE WITH BOARD-DELEGATED POWERS (EACH A "FIDUCIARY"). IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, A FIDUCIARY WILL DISCLOSE ALL MATERIAL FACTS TO THE PRESIDENT OR CHAIR AT THE EARLIEST POSSIBLE TIME AFTER THE CONFLICT OF INTEREST BECOMES KNOWN TO THE FIDUCIARY. ANY CONFLICT WILL BE MADE A MATTER OF RECORD THROUGH ANNUAL OR OTHER REPORTING AND CERTIFICATION PROCEDURE AS THE TRUSTEES REQUIRE FROM TIME TO TIME. AFTER DISCLOSURE OF THE CONFLICT OF INTEREST AND AFTER ANY DISCUSSION WITH THE RELEVANT FIDUCIARY, THE TRUSTEES SHALL FINALLY DETERMINE WHETHER ANY CONFLICT OF INTEREST EXISTS. IF A CONFLICT OF INTEREST IS DETERMINED TO EXIST, THE TRUSTEES MAY TAKE ACTIONS AS DEFINED IN THE BYLAWS OF THE COLLEGE. COMPENSATION POLICY PART VI, SECTION B, QUESTION 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES, SITTING AS THE COMPENSATION COMMITTEE, HAS THE AUTHORITY TO ESTABLISH FAIR AND APPROPRIATE COMPENSATION PACKAGES TO BE AWARDED TO THE PRESIDENT AND OTHER HIGHLY COMPENSATED ADMINISTRATORS OF THE COLLEGE. IN DETERMINING THE EXECUTIVE COMPENSATION PACKAGES, THE EXECUTIVE COMMITTEE CONSIDERS COMPARATIVE DATA, OBTAINED FROM PUBLISHED SOURCES OR A COMPENSATION CONSULTANT, REFLECTING THE COMPENSATION LEVELS AWARDED TO EQUIVALENTLY SITUATED INDIVIDUALS EMPLOYED BY COMPARABLE INSTITUTIONS. THE EXECUTIVE COMMITTEE REPORTS THE PROCESS AND AWARDING OF COMPENSATION PACKAGES TO THE BOARD OF TRUSTEES. WHEN THE COMPENSATION COMMITTEE IS MEETING, THE PRESIDENT DOES NOT PARTICIPATE. THE PROCESS FOR DETERMINING THE COMPENSATION OF BERKLEE COLLEGE OF MUSIC'S TOP MANAGEMENT OFFICIALS, INCLUDING THE PRESIDENT AND OTHER HIGHLY COMPENSATED ADMINISTRATORS OF THE COLLEGE, MEETS THE THREE REQUIREMENTS OF THE REBUTTABLE PRESUMPTION PROVISIONS UNDER TREAS. REG. 53.4958-6. JOINT VENTURES PART VI, SECTION B, QUESTION 16B BERKLEE COLLEGE OF MUSIC REVIEWS ITS PARTICIPATION IN JOINT VENTURE ARRANGEMENTS TO SAFEGUARD AND PROTECT ITS EXEMPT STATUS AND RETAINS LEGAL AND TAX ADVISORS AS NECESSARY. HOWEVER, NO WRITTEN POLICY WAS IN EFFECT AS OF MAY 31, 2013. PUBLIC DISCLOSURE PART VI, SECTION C, QUESTION 19 THE COLLEGE MAKES THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON WRITTEN REQUEST. THE COLLEGE'S FORM 990 IS ALSO AVAILABLE ONLINE AT WWW.GUIDESTAR.ORG AND ON THE MASSACHUSETTS ATTORNEY GENERAL WEBSITE. OTHER CHANGES IN NET ASSETS PART XI, LINE 9 PENSION OBLIGATION CHANGES OTHER THAN NET PERIODIC COSTS 3,901,113 BERKLEE VALENCIA SL PALAU DE LES ARTS REINA SOFIA 46013 AVENIDA AUTOPISTA DEL VALENCIA SP 999999999 EDUCATION SP BERKLEE US C Corp 3399361 6561252 1.00000 true false false false true false false false false false false false false false false true false false false false BERKLEE VALENCIA SL d 12986604 SEE PART VII BERKLEE VALENCIA SL o 192202 SEE PART VII METHOD OF DETERMINING AMOUNT INVOLVED PART V, LINE 2 THE METHOD FOR DETERMINING THE AMOUNT INVOLVED WAS COST OR CURRENCY CONVERSION.