2014-05-13T15:07:06-05:00 2013-06-30 PricewaterhouseCoopers LLP 125 High Street Boston MA 02110 990 2012-07-01 050258956 Rhode Island School of Design % RHODE ISLAND SCHOOL OF DESIG RHOD 4014546766 TWO COLLEGE STREET Suite PROVIDENCE RI 02903 SAMUEL SOLOMAN 4014546766 2014-05-12 true PRICEWATERHOUSECOOPERS LLP 6175305000 2012 2015-11-30 17:44:51Z ROSANNE SOMERSON TWO COLLEGE ST PROVIDENCE RI 02903 360700230 false X www.risd.edu X 1877 RI SEE SCHEDULE O. 26 25 3428 40 891670 263231 8514731 8423113 124019589 127071059 10696159 11307327 590849 -3978334 143821328 142823165 16435440 17385645 0 0 70701184 73389752 0 0 2958055 49302082 50386016 136438706 141161413 7382622 1661752 545533242 561270231 214422931 211404835 331110311 349865396 X SEE SCHEDULE O. false false 112801789 17385645 125970224 EDUCATION - PROVIDE EDUCATIONAL SERVICES TO APPROXIMATELY 2,420 FULLTIME STUDENTS, 2,350 SUMMER 2012 STUDENTS AND 2,230 EXTENSION SCHOOL STUDENTS. 8649966 1100835 MUSEUM - THE RISD MUSEUM EDUCATES AND INSPIRES STUDENTS AND THE PUBLIC THROUGH EXHIBITIONS, LECTURES, TOURS, WORKSHOPS AND PUBLICATIONS. 121451755 true true false true false false false true false true true true false false true false false true true true true false false false true false false false true true true false false false false false false false false false true true true false false true true true true false false true 3070 0 true 3428 true true true true IT false false false false false false false false X 26 25 false false false false false true false true true false false true true true true true false true true false CA X RHODE ISLAND SCHOOL OF DESIG 4014546766 2 COLLEGE ST PROVIDENCE RI 029032790 X JOHN MAEDA 50.0 1.0 X X 488176 89250 SEE SCHEDULE O FOR LIST OF 2.0 X 0 0 0 WILLIAM DECATUR 50.0 1.0 X 284021 48232 ETHEL J SHEFRIN 50.0 X 150341 23501 ROSANNE SOMERSON 50.0 X 245640 49756 JOHN W SMITH 50.0 X 235527 8221 CANDACE BAER 50.0 X 179531 44397 REBECCA BERMONT 50.0 X 193652 20335 JEAN EDDY 50.0 X 306529 48031 ERIC GRAAGE 50.0 X 239785 47410 RICHARD RUMMEL 50.0 X 181480 45636 2504682 0 424769 80 false true false SITE SPECIFIC LLC 45 DIKE STREET PROVIDENCE RI 02909 CONSTRUCTION SVCS 1187464 SUMMIT ROCK 9 WEST 57TH STREET 12TH FLOOR NEW YORK NY 10019 INVESTMENT MGMT 701769 ELLUCIAN INC 4375 FAIR LAKES COURT FAIRFAX VA 22033 SOFTWARE CONSULTING 634556 SHAWMUT DESIGN CONSTRUCTION 560 HARRISON AVENUE BOSTON MA 02118 CONSTRUCTION SVCS 431164 ROBERT HALF INTERNATIONAL INC 2884 SAND HILL ROAD MENLO PARK CA 94025 TEMP EMPLYMNT AGENCY 343645 20 763667 7659446 322408 8423113 TUITION/ROOM/BOARD 900099 123307799 123307799 MUSEUM 900099 603744 603744 BOOK/SUPPLY STORE 451211 3159516 3159516 127071059 4731876 301147 4430729 0 0 0 0 0 224429708 215499422 2354835 8930286 -2354835 6575451 6575451 18905 22808 -3903 0 0 RISD WORKS 453220 497090 497090 OUTSIDE CATERING 722320 78942 78942 LOSS ON EXTINGUISHMENT OF DEBT 711120 -4564954 -4564954 14491 14491 -3974431 142823165 123911543 891670 9600742 0 17385645 17385645 0 0 1552442 690514 688443 173485 0 56140969 51155607 3614051 1371311 3627754 3250138 277719 99897 8016738 7182269 613713 220756 4051849 3630089 310185 111575 0 113396 113396 267632 267632 0 0 1216633 1216633 1637896 1341102 218749 78045 324954 315704 510 8740 12160571 10610541 1346644 203386 5365396 4884489 349618 131289 0 6881523 2487078 4394445 2174469 2081645 5141 87683 0 0 4685383 4197677 358685 129021 0 9187288 8230976 703323 252989 574231 574231 WORKS OF ART 661743 661743 OTHER RENTAL EXPENSES 870674 620619 223222 26833 MAINTENANCE SERVICES 2529881 892003 1588686 49192 ENTERTAINMENT 808078 801335 6743 926268 458350 454065 13853 141161413 121451755 16751603 2958055 39366034 12620886 0 31000383 2653147 3226747 4078098 2344894 0 0 0 0 5436561 4824854 1561154 1488432 2604066 2219612 338208468 151061831 188873868 187146637 146969579 144970685 135493639 153561799 0 0 0 0 18497096 17865302 545533242 561270231 6613477 9325517 0 0 6539367 5854927 169288690 170003531 0 0 0 0 0 0 0 0 31981397 26220860 214422931 211404835 X 246208384 255578383 52575836 59313399 32326091 34973614 331110311 349865396 545533242 561270231 X 1661752 12498318 4595015 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false false false false true 1872 true 8828 false 10700 false SCHEDULE C, PART II-B, LINE 1I RISD PAYS MEMBERSHIP DUES TO A NUMBER OF ARTS-AND-EDUCATION-RELATED AND PROFESSIONAL ORGANIZATIONS, SOME OF WHICH MAY ENGAGE IN LOBBYING ACTIVITIES ON BEHALF OF ALL MEMBERS. TOTAL MEMBERSHIP DUES PAID BY RISD DURING THE FISCAL YEAR WAS $239,462. WE ARE UNABLE TO DETERMINE THE SPECIFIC AMOUNT OF THAT TOTAL DEVOTED TO LOBBYING, BUT WE BELIEVE IT TO BE A RELATIVELY SMALL AND IMMATERIAL PORTION. X X X X X EDUCATION OF ARTISTS & DESIGNERS false 283497893 1829515 28464383 2469703 11572971 1216633 298532484 304478607 1827786 -4647750 2498635 14660280 1001835 283497893 274542669 4782494 36731182 2404861 8011101 1161776 304478607 260262437 6876341 21745574 3660193 10608161 73329 274542669 357541310 5758390 -76183979 13790118 11834800 1228366 260262437 0.72100 0.10900 0.17000 false false 7911598 7911598 269302480 103924467 165378013 49622494 44013669 5608825 11371896 3123695 8248201 187146637 ALTERNATIVE INVESTMENTS 153561799 F 153561799 0 US GOVERNMENT LOAN FUNDS 4247753 INTEREST RATE SWAP 7786422 ASSET RETIREMENT OBLIGATION 3906869 CAPITAL LEASE OBLIG - LONG-TER 10279816 26220860 141974917 12498318 -13346566 -848248 142823165 142823165 123045058 463115 463115 122581943 1216633 17362837 18579470 141161413 COLLECTIONS OF ART, HISTORICAL TREASURERS OR OTHER ASSETS SCHEDULE D, PART III, LINE 1A THE MAJORITY OF THE SCHOOL'S COLLECTION RESIDES IN THE MUSEUM AND CONSISTS OF ARTIFACTS OF HISTORICAL SIGNIFICANCE, ART OBJECTS AND BOOKS THAT ARE HELD FOR EDUCATIONAL, RESEARCH AND CURATORIAL PURPOSES. EACH OF THE ITEMS ARE CATALOGUED, PRESERVED AND CARED FOR AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED PERIODICALLY. THE COLLECTIONS ARE SUBJECT TO A POLICY THAT REQUIRES PROCEEDS FROM THEIR SALES TO BE USED TO ACQUIRE OTHER ITEMS FOR COLLECTIONS. THE SCHOOL EXPENDED $649,768 AND $812,185 FOR ACQUISITIONS DURING 2013 AND 2012, RESPECTIVELY. SCHEDULE D, PART III, LINE 4 THE MUSEUM OF ART, ALSO KNOWN AS THE RISD MUSEUM, IS RHODE ISLAND'S LEADING MUSEUM OF FINE AND DECORATIVE ART, HOUSING A COLLECTION OF 91,269 OBJECTS OF INTERNATIONAL SIGNIFICANCE IN SEVEN CURATORIAL COLLECTIONS. IT IS SOUTHEASTERN NEW ENGLAND'S ONLY COMPREHENSIVE ART MUSEUM AND IS ACCREDITED BY THE AMERICAN ASSOCIATION OF MUSEUMS. THE RISD MUSEUM STRIVES TO BE A VITAL CULTURAL RESOURCE BY EDUCATING AND INSPIRING A WIDE VARIETY OF AUDIENCES: FAMILIES AND INDIVIDUALS, SCHOLARS AND RESEARCHERS, ARTISTS AND DESIGNERS, AND STUDENTS OF ALL AGES. THE MUSEUM MAINTAINS AN ACTIVE PROGRAM OF EXHIBITIONS, LECTURES, TOURS, WORKSHOPS AND PUBLICATIONS DEDICATED TO THE INTERPRETATION OF ART AND DESIGN FROM DIVERSE CULTURES RANGING FROM ANCIENT TIMES TO THE PRESENT. ENDOWMENT FUNDS SCHEDULE D, PART V, LINE 4 THE INTENT OF THE ENDOWMENT FUND IS TO GENERATE INVESTMENT EARNINGS AS A SOURCE OF REVENUE FOR FUNDING THE SCHOOL'S GENERAL OPERATING ACTIVITIES AND FOR FUNDING SPECIFIC PURPOSES, EITHER RESTRICTED BY DONORS OR INTERNALLY DESIGNATED BY THE BOARD OF TRUSTEES. EXAMPLES OF SPECIFIC PURPOSES INCLUDE SCHOLARSHIP FOR STUDENTS, FACILITIES UPKEEP, RESEARCH, AND SUPPORT FOR THE MUSEUM AND OTHER ACADEMIC OPERATIONS. OTHER LIABILITIES SCHEDULE D, PART X, LINE 2 THE RHODE ISLAND SCHOOL OF DESIGN DOES NOT HAVE A FIN 48 (ASC 740) STATEMENT. SCHEDULE D, PART XI, LINE 2D UNREALIZED APPRECIATION ON SWAP VALUATION $4,595,015 INVESTMENT EXPENSE NETTED AGAINST UNREALIZED GAIN/LOSS ($1,216,633) SCHOLARSHIPS ($17,385,645) RISD HOLDINGS REVENUE NET OF ELIMINATING ENTRIES $637,889 MUSEUM FUNDRAISER EXPENSES $22,808 -------------- TOTAL SCHEDULE D, PART XI, LINE 2D ($13,346,566) SCHEDULE D, PART XII, LINE 2D RISD HOLDINGS EXPENSE NET OF ELIMINATING ENTRIES $463,115 SCHEDULE D, PART XII, LINE 4B SCHOLARSHIPS $17,385,645 MUSEUM FUNDRAISER EXPENSES ($22,808) ------------- TOTAL SCHEDULE D, PART XII, LINE 4B $17,362,837 true true true true true true true false false false false false false false false true false true SCHEDULE E, LINE 3 THE SCHOOL'S RACIALLY NONDISCRIMINATORY POLICY CAN BE FOUND IN THE RHODE ISLAND SCHOOL OF DESIGN CATALOG AND STUDENT HANDBOOK. SCHEDULE E, LINE 6 FINANCIAL AID IS RECEIVED FROM THE US DEPARTMENT OF EDUCATION IN THE FORM OF FEDERAL COLLEGE WORK STUDY, FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS, FEDERAL PELL GRANTS, FEDERAL PERKINS LOANS, FEDERAL DIRECT LOANS AND FEDERAL PLUS LOANS WHICH ARE ADMINISTERED THROUGH THE DIRECT LOAN PROGRAM. IN ADDITION, THE COLLEGE RECEIVES FINANCIAL AID FROM VARIOUS STATE SCHOLARSHIP PROGRAMS AND OTHER FEDERAL AGENCIES, E.G. VETERANS ADMINISTRATION AND BUREAU OF INDIAN AFFAIRS. Europe (Including Iceland and Greenland) 1 13 Program Services INDEPENDENT STUDY 1339319 South Asia 2 Program Services INDEPENDENT STUDY 76958 East Asia and the Pacific 2 Program Services INDEPENDENT STUDY 75282 Central America and the Caribbean 2 Program Services INDEPENDENT STUDY 41418 North America 1 Program Services INDEPENDENT STUDY 18354 Central America and the Caribbean Investments 152474721 1 20 1 20 154026052 154026052 true false true true true false SCHEDULE F, LINE 3, COLUMN F RHODE ISLAND SCHOOL OF DESIGN TRACKS EXPENSES FOR EACH INTERNATIONAL PROGRAM USING SEPARATE ACCOUNT NUMBERS. Art Rebel Dandy 18905 18905 6370 12575 3863 0 18905 18905 6370 12575 3863 22808 -3903 true SCHOLARSHIPS/GRANTS 1191 17385645 BOOK TUITION/FEES MONITORING USE OF GRANTS FINANCIAL AID IS CREDITED TO THE STUDENTS' ACCOUNTS TO COVER ANY OUTSTANDING INSTITUTIONAL CHARGES. ANY CREDIT BALANCE IS REFUNDED TO THE STUDENT TO BE USED FOR OTHER EDUCATIONAL-RELATED EXPENSES. STUDENTS RECEIVING FEDERAL AND/OR STATE AID MUST COMPLETE THE FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA). BY SIGNING THE FAFSA, THE STUDENT AGREES THAT THEY "WILL USE FEDERAL AND/OR STATE STUDENT FINANCIAL AID ONLY TO PAY THE COST OF ATTENDING AN INSTITUTION OF HIGHER EDUCATION." X X X X false true X X X X X false false false false false false false true false JOHN MAEDA 438142 50034 30995 58255 577426 WILLIAM DECATUR 276254 7767 26995 21237 332253 ETHEL J SHEFRIN 150206 135 14586 8915 173842 CANDACE BAER 178328 1000 203 19760 24637 223928 REBECCA BERMONT 190449 3000 203 19693 642 213987 ROSANNE SOMERSON 235437 10203 26995 22761 295396 JEAN EDDY 278563 20000 7966 36995 11036 354560 ERIC GRAAGE 238131 1654 26995 20415 287195 JOHN W SMITH 229212 6315 8221 243748 RICHARD RUMMEL 177639 3500 341 19996 25640 227116 COMPENSATION INFORMATION SCHEDULE J, PART I, LINES 1A AND 1B TAX INDEMNIFICATIONS AND GROSS-UP PAYMENTS - THE PRESIDENT AND THE EVP FINANCE AND ADMINISTRATION WERE PROVIDED DEPENDENT TUITION PAYMENTS THAT HAVE BEEN REPORTED AS TAXABLE COMPENSATION IN SCHEDULE J, PART II, COLUMN (B)(III). THESE AMOUNTS WERE GROSSED UP FOR TAX PURPOSES. SUCH PAYMENTS ARE INCLUDED IN AGREEMENTS BETWEEN THE INDIVIDUAL AND RISD AND ARE APPROVED IN ADVANCE BY THE PRESIDENT OR THE BOARD. HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE - THE SCHOOL MAINTAINS A HOUSE FOR USE BY THE PRESIDENT AS A CONDITION OF EMPLOYMENT AND FOR THE CONVENIENCE OF RISD. THEREFORE, NO AMOUNT IS INCLUDED IN TAXABLE COMPENSATION. THE SCHOOL ALSO PROVIDES A HOUSING ALLOWANCE TO THE INTERIM PROVOST. THIS AMOUNT IS REPORTED AS TAXABLE COMPENSATION IN SCHEDULE J, PART II, COLUMN (B)(III). HEALTH OR SOCIAL CLUB DUES - THE SCHOOL PAYS SOCIAL CLUB DUES FOR THE MUSEUM DIRECTOR. THESE AMOUNTS WERE NOT INCLUDED IN TAXABLE COMPENSATION AS ALL AMOUNTS WERE RELATED TO RISD ACTIVITIES. PERSONAL SERVICES - HOUSEKEEPING SERVICES ARE PROVIDED TO THE PRESIDENT. THESE SERVICES ARE DEDUCTED FROM THE PRESIDENT'S COMPENSATION AFTER TAX. SCHEDULE J, PART I, LINE 7 ON OCCASION, CERTAIN INDIVIDUALS RECEIVE A BONUS OR OTHER FORM OF NON-FIXED PAYMENT IN RECOGNITION OF EXCELLENT JOB PERFORMANCE, AS A SIGN-ON BONUS OR OTHER ONE-TIME PAYMENT. THE AMOUNT OF SUCH BONUSES ARE SHOWN ON SCHEDULE J, PART II, COLUMN (B)(II) FOR EACH INDIVIDUAL. A RHODE ISLAND HEALTH AND EDUC BUILDING CORP 2008AB 521300173 762197CG4 2008-03-27 93780000 SEE PART V false false false B RHODE ISLAND HEALTH AND EDUC BUILDING CORP 2012 521300173 762197KB6 2012-03-28 28791988 2001 BOND REFUNDING false false false C RHODE ISLAND HEALTH AND EDUC BUILDING CORP 2012B 521300173 762197KZ3 2012-08-29 57055694 2004D BOND REFUNDING false false false A 8750000 0 93780000 0 0 0 692102 87898 0 1935724 91064276 0 2008 true false true true B 660000 0 28791988 0 0 0 329659 0 0 0 28462329 0 2012 true false true true C 0 0 57055694 0 0 0 446745 0 0 0 56608949 0 2012 false true false true A false true false false 0.00400 0.00400 false false false true B 0 C 0 A false false true false true true BARCLAYS 26.5 false false false 0 false true B false true false false false false 0 false 0 false true C false true false false false false 0 false 0 false true A true B true C true PURPOSE OF BOND SCHEDULE K, PART I, COLUMN F A. 2008AB BOND - FACILITY AQUIS/CONST/EQUIP/RENOV; REFUNDING OF 2004A, 2004B, 2006A, AND 2006B BONDS. SCHEDULE K, PART IV, LINE 2B, COLUMN A BOND PROCEEDS WERE SPENT IN ACCORDANCE WITH THE APPROVED SPENDING REQUIREMENTS, THUS NO REBATE PORTION. ROBERT HALF INTERNATIONAL INC TRUSTEE IS AN OFFICER 343645 TEMPORARY EMPLOYMENT SERVICES false SCHEDULE L, PART IV, LINE 1 FROM TIME TO TIME, RHODE ISLAND SCHOOL OF DESIGN (RISD) CONTRACTS WITH ROBERT HALF INTERNATIONAL, INC. (RHI) FOR CERTAIN TEMPORARY EMPLOYMENT SERVICES. A TRUSTEE OF RISD IS AN OFFICER OF RHI. RISD'S RELATIONSHIP WITH RHI PRECEDED THAT TRUSTEE'S SERVICE ON RISD'S BOARD, ALL SUCH TRANSACTIONS ARE CONDUCTED AT ARMS-LENGTH, AND THE TRUSTEE IS NOT INVOLVED IN THE DECISION MAKING PROCESS. X 569 X 16 322408 FMV false true false SCHEDULE M, PART I, COLUMN B THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS. SCHEDULE M, PART I, LINE 33 RHODE ISLAND SCHOOL OF DESIGN DOES NOT CAPITALIZE OR ASSIGN A VALUE TO ITS MUSEUM COLLECTIONS, BOOKS AND PUBLICATIONS, OR TO ANY INSIGNIFICANT ITEMS RECEIVED. THESE ITEMS ARE NOT RECOGNIZED AS ASSETS NOR AS REVENUE ON THE SCHOOL'S FINANCIAL STATEMENTS. ALSO SEE DESCRIPTION FOR SCHEDULE D, PART III, LINE 4. ORGANIZATION'S MISSION FORM 990, PARTS I & III, LINE 1 THE MISSION OF RHODE ISLAND SCHOOL OF DESIGN, THROUGH ITS COLLEGE AND MUSEUM, IS TO EDUCATE ITS STUDENTS AND THE PUBLIC IN THE CREATION AND APPRECIATION OF WORKS OF ART AND DESIGN, TO DISCOVER AND TRANSMIT KNOWLEDGE AND TO MAKE LASTING CONTRIBUTIONS TO A GLOBAL SOCIETY THROUGH CRITICAL THINKING, SCHOLARSHIP AND INNOVATION. GOVERNING BODY AND MANAGEMENT FORM 990, PART VI, LINE 7A BOTH RISD ALUMNI COUNCIL PRESIDENT AND IMMEDIATE PAST PRESIDENT FOR 2 YEARS AFTER TERM, SERVE AS EX-OFFICIO TRUSTEES. WRITTEN POLICIES AND PROCEDURES 990 REVIEW PROCESS FORM 990, PART VI, LINE 11B THE PROCESS FOR THE FY2013 FORM 990 INCLUDES REVIEW BY SENIOR MANAGEMENT, THE AUDIT COMMITTEE, AND THE INDEPENDENT EXTERNAL TAX CONSULTANTS. THE AUDIT COMMITTEE IS PRESENTED WITH A DRAFT OF THE RETURN FOR THEIR REVIEW. THE FULL BOARD RECEIVES A FINAL COPY OF FORM 990 BEFORE IT IS FILED. CONFLICT OF INTEREST FORM 990, PART VI, LINE 12C ON AN ANNUAL BASIS, THE SCHOOL'S TRUSTEES' OFFICE DISTRIBUTES A SURVEY TO ALL OF THE TRUSTEES REQUESTING INFORMATION ON MATTERS RELATING TO THE SCHOOL'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 CHAIRS OF THE AUDIT COMMITTEE AND THE COMMITTEE ON TRUSTEES AND GOVERNANCE. 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. DOCUMENT RETENTION AND DESTRUCTION FORM 990, PART VI, LINE 14 THE SCHOOL HAS A WRITTEN DOCUMENT RETENTION AND DESTRUCTION POLICY IN PLACE. HOWEVER, THE BOARD HAS NOT YET APPROVED THE DOCUMENT RETENTION AND DESTRUCTION POLICY. APPROVAL IS EXPECTED AT A FUTURE DATE. COMPENSATION PROCESS FORM 990, PART VI, LINE 15 THE SCHOOL'S PROCESS FOR DETERMINING COMPENSATION FOR ITS OFFICERS (INCLUDING THE PRESIDENT) AND KEY EMPLOYEES INCLUDES: 1. PREPARING A DESCRIPTION OF THE POSITION AND REQUIREMENTS VIA A FORMAL JOB DESCRIPTION, JOB SUMMARY, OR ADVERTISEMENT. 2. DEVELOPING AN UNDERSTANDING OF THE EXTERNAL MARKET FOR SIMILAR POSITIONS AND REQUIREMENTS VIA VARIOUS SOURCES SUCH AS: COMPENSATION SURVEYS (E.G., YAFFEE, SNE CUPA, THE SURVEY GROUP); OTHER ORGANIZATIONS' 990 DATA; DIALOG WITH SEARCH FIRMS; AND KNOWLEDGE OF APPLICANT POOL AND CURRENT EARNINGS. 3. CONSIDERING THE EXTERNAL MARKET DATA LISTED ABOVE IN LIGHT OF INTERNAL OPERATING BUDGET AND INTERNAL EQUITY FACTORS. 4. UNDERSTANDING THE CANDIDATE'S PREVIOUS SALARY HISTORY, CURRENT EARNINGS POTENTIAL AND SKILL SET AS RELATED TO THE POSITION'S REQUIREMENTS AND THE COLLEGE'S NEEDS. 5. ENGAGING AN INDEPENDENT COMPENSATION CONSULTANT TO DETERMINE AND VERIFY REASONABLENESS OF THE COMPENSATION LEVELS FOR THE INDIVIDUAL. 6. PRESENTING A RECOMMENDED HIRING RANGE (OFFER) TO RISD'S OFFICERS AND BOARD OF TRUSTEES, AS APPROPRIATE, FOR APPROVAL. 7. GENERATING AN OFFER LETTER OR CONTRACT. DURING FISCAL YEAR 2012, A COMPENSATION SUBCOMMITTEE WAS CREATED BY THE BOARD OF TRUSTEES TO ASSIST THE BOARD IN ESTABLISHING AND REVIEWING THE COMPENSATION OF RISD'S SENIOR ADMINISTRATIVE STAFF ON AN ONGOING BASIS. THE SUBCOMMITTEE CONSISTS OF THE CHAIR OF THE BOARD, THE VICE CHAIR(S) OF THE BOARD AND THE CHAIR OF THE FINANCE COMMITTEE OF THE BOARD, AND WILL BE ASSISTED BY THE SECRETARY OF THE BOARD, THE PRESIDENT, THE VICE PRESIDENT FOR HUMAN RESOURCES, AND/OR THE GENERAL COUNSEL WHEN APPROPRIATE. ORGANIZATION DOCUMENTS AVAILABILITY TO PUBLIC FORM 990, PART VI, LINE 19 RISD MAKES AVAILABLE TO THE PUBLIC ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND CONSOLIDATED FINANCIAL STATEMENTS BY POSTING THESE DOCUMENTS ON WWW.RISD.EDU AND ALSO BY REQUEST. RISD BOARD OF TRUSTEES MAY 2012 - MAY 2013 FORM 990, PART VII OFFICERS OF THE BOARD 1. CHAIR: MICHAEL SPALTER 2. VICE CHAIR: LISA PEVAROFF-COHN 3. SECRETARY: V. DUNCAN JOHNSON TERM TRUSTEES 4. MICHAEL D. ALLEN 5. DAVID C. BARCLAY 6. LOUIS BEAL, LIFE TRUSTEE 7. JOHN BEUG 8. ERICA DI BONA 9. SHERRI DONGHIA 10. SUSAN DRYFOOS 11. JOE GEBBIA 12. ROBERT W. GLASS 13. CATHY GRAHAM 14. RICHARD W. HAINING, SR. 15. JON KAMEN 16. AMY KORENVAES 17. SCOTT R. LATHAM 18. MARY LOVEJOY 19. STEPHEN A. METCALF 20. SUSAN B. MONTGOMERY 21. MERRILL W. SHERMAN, CHAIR EMERITA 22. SANDRA P. SMITH 23. PETER D. A. STEIN 24. WILLIAM G. TSIARAS, M.D. 25. PATRICIA A. WHITE 26. MARGARET A. WILLIAMS EX-OFFICIO TRUSTEES 27. JOHN MAEDA, RISD PRESIDENT 28. MEGHAN REILLY MICHAUD, PRESIDENT RISD ALUMNI ASSOCIATION 29. NATHANIEL HESSE, PAST PRESIDENT RISD ALUMNI ASSOCIATION ALL OF THE TRUSTEES WORK, ON AN AVERAGE, 2 HOURS PER WEEK AND RECEIVE NO COMPENSATION. RISD BOARD OF TRUSTEES MAY 2013 - MAY 2014 FORM 990, PART VII OFFICERS OF THE BOARD 1. CHAIR: MICHAEL SPALTER 2. VICE CHAIR: LISA PEVAROFF-COHN 3. VICE CHAIR: DAVID BARCLAY 4. SECRETARY: V. DUNCAN JOHNSON TERM TRUSTEES 5. MICHAEL D. ALLEN 6. LOUIS BEAL, LIFE TRUSTEE 7. JOHN BEUG 8. ERICA DI BONA 9. SUSAN DRYFOOS 10. JOE GEBBIA 11. ROBERT W. GLASS 12. RICHARD W. HAINING, SR. 13. JON KAMEN 14. AMY KORENVAES 15. MARY LOVEJOY 16. STEPHEN A. METCALF 17. SUSAN B. MONTGOMERY 18. STEVEN PERELMAN 19. MERRILL W. SHERMAN, CHAIR EMERITA 20. SANDRA P. SMITH 21. PETER D. A. STEIN 22. WILLIAM G. TSIARAS, M.D. 23. MARGARET A. WILLIAMS EX-OFFICIO TRUSTEES 24. JOHN MAEDA, RISD PRESIDENT 25. JEFFREY YAN, PRESIDENT RISD ALUMNI COUNCIL 26. MEGHAN REILLY MICHAUD, PAST PRESIDENT RISD ALUMNI COUNCIL ALL OF THE TRUSTEES WORK, ON AN AVERAGE, 2 HOURS PER WEEK AND RECEIVE NO COMPENSATION. RECONCILIATION OF NET ASSETS FORM 990, PART XI, LINE 9 UNREALIZED APPRECIATION ON SWAP VALUATION: $4,595,015 TECHNOLOGY AND DESIGN BUILDINGS LLC 2 COLLEGE STREET PROVIDENCE RI 02903 050258956 REAL ESTATE RI 40248 RISD RISD HOLDINGS INC 2 COLLEGE STREET PROVIDENCE RI 02903 050508151 REAL ESTATE RI 501(C)(25) RISD true CHARITABLE REMAINDER TRUSTS (9) FUNDRAISING MA NA TRUST false true false false true false false false false false false true true false false true false true false false RISD HOLDINGS INC A 260004 CASH RISD HOLDINGS INC D 5200000 CASH RISD HOLDINGS INC K 104551 CASH RISD HOLDINGS INC O 83649 CASH RISD HOLDINGS INC Q 250796 CASH SCHEDULE R, PART IV, LINE 1 CHARITABLE REMAINDER TRUSTS ARE DOMICILED IN MASSACHUSETTS, MARYLAND, CALIFORNIA, RHODE ISLAND, AND CONNECTICUT.