BERKLEE COLLEGE OF MUSIC INC: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- BERKLEE COLLEGE OF MUSIC INC (EIN 04-2300472)
- Tax period
- 2010-06-01 to 2011-05-31
- Filed
- 2012-04-09
- IRS object ID
- 201221009349300112
- Schema version
- 2010v3.7
- 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
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-04-09T12:48:47-04:00 | Timestamp |
| Tax Period End Date | 2011-05-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KPMG LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 60 South Street | AddressLine1 |
| City | Boston | City |
| State | MA | State |
| ZIP Code | 02111 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-06-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 042300472 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BERKLEE COLLEGE OF MUSIC INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | BERK | NameControl |
| Phone | 6177472287 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1140 BOYLSTON STREET | AddressLine1 |
| City | BOSTON | City |
| State | MA | State |
| ZIP Code | 022153693 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | AMELIA S KOCH | Name |
| Title | VICE PRESIDENT/TREASURER | Title |
| Date Signed | 2012-03-07 | DateSigned |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6179881000 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | ROGER H BROWN | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1140 BOYLSTON STREET | AddressLine1 |
| City | BOSTON | City |
| State | MA | State |
| ZIP Code | 022153693 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 285765491 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.BERKLEE.EDU | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1945 | YearFormation |
| State Legal Domicile | MA | StateLegalDomicile |
| Activity Or Mission Description | THE MISSION OF BERKLEE COLLEGE OF MUSIC IS TO EDUCATE, TRAIN, AND DEVELOP STUDENTS TO EXCEL IN MUSIC AS A CAREER. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 39 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 39 | NbrIndependentVotingMembers |
| Total Nbr Employees | 2955 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | -29793 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -29793 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 9623255 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 12621858 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 167998428 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 187418795 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 8623441 | InvestmentIncomePriorYear |
| Investment Income Current Year | 16919827 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 3767103 | OtherRevenuePriorYear |
| Other Revenue Current Year | 3804209 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 190012227 | TotalRevenuePriorYear |
| Total Revenue Current Year | 220764689 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 26458459 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 29322135 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 94584426 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 100242037 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 5790900 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 63702126 | OtherExpensePriorYear |
| Other Expenses Current Year | 70103902 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 184745011 | TotalExpensesPriorYear |
| Total Expenses Current Year | 199668074 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 5267216 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 21096615 | RevenuesLessExpensesCY |
| Total Assets BOY | 384184087 | TotalAssetsBOY |
| Total Assets EOY | 434763657 | TotalAssetsEOY |
| Total Liabilities BOY | 262641571 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 267780978 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 121542516 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 166982679 | NetAssetsOrFundBalancesEOY |
| Mission Description | THE MISSION OF BERKLEE COLLEGE OF MUSIC IS TO EDUCATE, TRAIN, AND DEVELOP STUDENTS TO EXCEL IN MUSIC AS A CAREER. | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 151390951 | Expense |
| Grants | 29322135 | Grants |
| Revenue | 159453850 | Revenue |
| Description | 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 4,131 STUDENTS FROM THE US AND 80 FOREIGN COUNTRIES. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 9615578 | Expense |
| Revenue | 12736919 | Revenue |
| Description | BERKLEE ONLINE: BERKLEE COLLEGE OF MUSIC OFFERS ACCREDITED PROGRAMS IN THE AREAS OF PRODUCTION, GUITAR, SONGWRITING, THEORY, HARMONY AND EAR TRAINING, AND THE MUSIC BUSINESS. CURRENTLY MORE THAN 2,500 STUDENTS PARTICIPATE IN ONLINE LEARNING. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 6334474 | Expense |
| Revenue | 15228026 | Revenue |
| Description | 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. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 167341003 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | true | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | false | LobbyingActivities |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | true | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | false | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | true | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | true | ReportFin48Footnote |
| Independent Audit Financial Stmt | true | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | false | ConsolidatedAuditFinancialStmt |
| School | true | School |
| Foreign Office | true | ForeignOffice |
| Foreign Activities | true | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | true | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | false | GrantsToOrganizations |
| Grants To Individuals | true | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | true | TaxExemptBonds |
| Invest Tax Exempt Bonds | false | InvestTaxExemptBonds |
| Escrow Account | false | EscrowAccount |
| On Behalf Of Issuer | false | OnBehalfOfIssuer |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | true | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | false | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | true | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | false | RelatedEntity |
| Related Org Controlled Entity | false | RelatedOrgControlledEntity |
| Transaction Related Entity | false | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | false | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 865 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 2955 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | true | UnrelatedBusinessIncome |
| Form990-T Filed | true | Form990-TFiled |
| Foreign Financial Account | true | ForeignFinancialAccount |
| Name Of Foreign Country | SP | NameOfForeignCountry |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | true | QuidProQuoContributions |
| Quid Pro Quo Disclosure | false | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 39 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 39 | NumberIndependentVotingMembers |
| Family Or Business Relationship | true | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | false | MembersOrStockholders |
| Election Of Board Members | false | ElectionOfBoardMembers |
| Decisions Subject To Approval | false | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | MA | StatesWhereCopyOfReturnIsFiled |
| Other Website | X | OtherWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | DANA IVY | NamePerson |
| Telephone Number | 6177472287 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1140 BOYLSTON ST | AddressLine1 |
| City | Boston | City |
| State | MA | State |
| ZIP Code | 022153693 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (47 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Highest Compensated EmployeeHighestCompensatedEmployee | FormerFormer |
|---|---|---|---|---|---|---|---|---|
| DAVID C ABRAMS | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| LUIS ALVAREZ | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| FRANCES R BERMANZOHN | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| ERNIE BOCH JR | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| PAT CASALE | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| DAVID CLEM | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| JOHN CONNAUGHTON | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| RONALD A CRUTCHER | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| MICHAEL DREESE | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| DAVID DYSART | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| MICHAEL R EISENSON | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| EDUARDO B GARCIA | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| DEAN GOODERMOTE | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| PETER C GOTCHER | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| CHRISTOPHER GUEST | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| ELLIOT D HILLBACK | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| CHARLES HIRSCHHORN | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| STEVEN H HOLTZMAN | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| ANN KREIS | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| SARA LAWRENCE-LIGHTFOOT | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| WILLIAM J LYNCH | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| JOHN J MACWILLIAMS | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| MARC MAYER | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| KRISTINE MOYER HIGGINS | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| JAMES J PALLOTA | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| PHIL RAMONE | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| CARMICHAEL S ROBERTS | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| JEFF SHAMES | ||||||||
| CHAIRMAN OF THE BOARD | 1.0 | X | 0 | 0 | 0 | |||
| HOWARD SHORE | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| PAUL SIMON | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| GARY SLAIGHT | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| JANET MARIE SMITH | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| JEFFREY C WALKER | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| BILL WHELAN | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| SUSAN WHITEHEAD | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| LEWIS T WILLIAMS | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| MARC WILLIS | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| ANN MARIE WILKINS | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| ROGER H BROWN | ||||||||
| PRESIDENT | 35.0 | X | 554938 | 0 | 87201 | X | ||
| RICHARD HISEY | ||||||||
| SENIOR VICE PRESIDENT/TREASURE | 35.0 | 45451 | 0 | 20059 | X | |||
| AMELIA S KOCH | ||||||||
| VICE PRESIDENT/TREASURER | 35.0 | 195406 | 0 | 50779 | X | |||
| DAVID KUSEK | ||||||||
| VICE PRESIDENT | 35.0 | 810189 | 0 | 170911 | X | |||
| STEVEN LIPMAN | ||||||||
| VICE PRESIDENT | 35.0 | 314102 | 0 | 41331 | X | |||
| DAVID S MASH | ||||||||
| VICE PRESIDENT | 35.0 | 257294 | 0 | 51881 | X | |||
| DAVID MCKAY | ||||||||
| VICE PRESIDENT | 35.0 | 503344 | 0 | 115571 | X | |||
| LAWRENCE J SIMPSON | ||||||||
| SENIOR VICE PRESIDENT | 35.0 | 259581 | 0 | 58936 | X | |||
| DAVID R HORNFISCHER | ||||||||
| BOARD LIASION | 10.0 | 100378 | 0 | 0 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 3040683 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 596669 | TotalOtherCompensation |
| Number Individuals GT100 K | 143 | NumberIndividualsGT100K |
| Formers Listed | true | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| ARAMARK SERVICES INC | |||||
| 1057 SOLUTIONS CENTER | CHICAGO | IL | 60677 | FOOD SERVICES | 3213307 |
| LONGWOOD SECURITY SERVICES INC | |||||
| 2 BROOKLINE PLACE SUITE 203 | BROOKLINE | MA | 02445 | SECURITY SERVICES | 1963965 |
| WILLIAM RAWN ASSOCIATES | |||||
| 10 POST OFFICE SQUARE SUITE 1010 | BOSTON | MA | 02109 | CONSULTING | 649025 |
| XEROX CORPORATION | |||||
| PO BOX 827598 | PHILADELPHIA | PA | 19182 | COPYING SERVICES | 645235 |
| ALLEN GERRITSEN | |||||
| 311 ARSENAL STREET | WATERTOWN | MA | 02472 | ADVERTISING SERVICES | 631551 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 80 | NumberOfContractorsGT100K |
| Government Grants | 1024918 | GovernmentGrants |
| All Other Contributions | 11596940 | AllOtherContributions |
| Noncash Contributions | 552807 | NoncashContributions |
| Total Contributions | 12621858 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| TUITION & FEES | 611710 | 153917448 | 153917448 |
| ROOM & BOARD | 721310 | 15228026 | 15228026 |
| BERKLEE ONLINE | 611710 | 12736919 | 12736919 |
| PERFORMANCE CENTER | 611710 | 538135 | 538135 |
| BLPP | 611710 | 4998267 | 4998267 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 187418795 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1392087 | TotalRevenueColumn |
| Unrelated Business Revenue | -29793 | UnrelatedBusinessRevenue |
| Exclusion | $1,421,880 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 1752899 | Real |
| Personal | 0 | Personal |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 1752899 | Real |
| Personal | 0 | Personal |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1752899 | TotalRevenueColumn |
| Related Or Exempt Function Income | 1752899 | RelatedOrExemptFunctionIncome |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 80199567 | Securities |
| Other | 14496 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 64686323 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 15513244 | Securities |
| Other | 14496 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 15527740 | TotalRevenueColumn |
| Exclusion | $15,527,740 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 1245273 | GrossIncomeFundraisingEvents |
| Fundraising Direct Expenses | 314479 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 930794 | TotalRevenueColumn |
| Exclusion | $930,794 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Gaming | 0 | GrossIncomeGaming |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | ExclusionExclusionAmount |
|---|---|---|---|
| INTEREST INCOME NON-SECURITIES | 900099 | 53725 | $53,725 |
| BOOKSTORE | 451211 | 431801 | $431,801 |
| CAPS | 900099 | 547735 | $547,735 |
Miscellaneous Revenue MiscellaneousRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 87255 | TotalRevenueColumn |
| Exclusion | $87,255 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 1120516 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 220764689 | TotalRevenueColumn |
| Related Or Exempt Function Income | 189171694 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | -29793 | UnrelatedBusinessRevenue |
| Exclusion | $19,000,930 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 29322135 | Total |
| Program Services | 29322135 | ProgramServices |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 953834 | Total |
| Program Services | 791886 | ProgramServices |
| Management And General | 124788 | ManagementAndGeneral |
| Fundraising | 37160 | Fundraising |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 76028932 | Total |
| Program Services | 63123515 | ProgramServices |
| Management And General | 9959196 | ManagementAndGeneral |
| Fundraising | 2946221 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 9173002 | Total |
| Program Services | 7613592 | ProgramServices |
| Management And General | 1192490 | ManagementAndGeneral |
| Fundraising | 366920 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8534534 | Total |
| Program Services | 7083663 | ProgramServices |
| Management And General | 1109489 | ManagementAndGeneral |
| Fundraising | 341382 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5551735 | Total |
| Program Services | 4607940 | ProgramServices |
| Management And General | 721726 | ManagementAndGeneral |
| Fundraising | 222069 | Fundraising |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2158354 | Total |
| Program Services | 2158354 | ProgramServices |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 583756 | Total |
| Program Services | 29543 | ProgramServices |
| Management And General | 554213 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 171605 | Total |
| Management And General | 171605 | ManagementAndGeneral |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1810829 | Total |
| Program Services | 1413924 | ProgramServices |
| Management And General | 340914 | ManagementAndGeneral |
| Fundraising | 55991 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2478038 | Total |
| Program Services | 1851184 | ProgramServices |
| Management And General | 480954 | ManagementAndGeneral |
| Fundraising | 145900 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5773212 | Total |
| Program Services | 3701909 | ProgramServices |
| Management And General | 1741412 | ManagementAndGeneral |
| Fundraising | 329891 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3664148 | Total |
| Program Services | 744460 | ProgramServices |
| Management And General | 2919688 | ManagementAndGeneral |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1127315 | Total |
| Program Services | 1127315 | ProgramServices |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 12812296 | Total |
| Program Services | 12464677 | ProgramServices |
| Management And General | 347619 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1567665 | Total |
| Program Services | 1044432 | ProgramServices |
| Management And General | 302247 | ManagementAndGeneral |
| Fundraising | 220986 | Fundraising |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 475068 | Total |
| Program Services | 299830 | ProgramServices |
| Management And General | 126380 | ManagementAndGeneral |
| Fundraising | 48858 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8269113 | Total |
| Program Services | 6699858 | ProgramServices |
| Management And General | 1288147 | ManagementAndGeneral |
| Fundraising | 281108 | Fundraising |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 9129064 | Total |
| Program Services | 7396614 | ProgramServices |
| Management And General | 1422108 | ManagementAndGeneral |
| Fundraising | 310342 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1496218 | Total |
| Management And General | 1496218 | ManagementAndGeneral |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| COST OF GOODS SOLD | 4390136 | 4390136 | ||
| COST OF MEALS | 2901490 | 2857364 | 44126 | |
| FACILITATOR FEES | 2293408 | 2239245 | 54163 | |
| EVENT EXPENSE | 1728241 | 1162721 | 326258 | 239262 |
| AUDITIONING | 670999 | 670999 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6602947 | Total |
| Program Services | 4545707 | ProgramServices |
| Management And General | 1866593 | ManagementAndGeneral |
| Fundraising | 190647 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 199668074 | Total |
| Program Services | 167341003 | ProgramServices |
| Management And General | 26536171 | ManagementAndGeneral |
| Fundraising | 5790900 | Fundraising |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 18356575 | BOY |
| EOY | 21984068 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4033721 | BOY |
| EOY | 6918838 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 533012 | BOY |
| EOY | 560785 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 595867 | BOY |
| EOY | 620188 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5249699 | BOY |
| EOY | 5096868 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 227163485 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 100571161 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 123529330 | BOY |
| EOY | 126592324 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 203752923 | BOY |
| EOY | 248718071 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 28132960 | BOY |
| EOY | 24272515 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 384184087 | BOY |
| EOY | 434763657 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 53196026 | BOY |
| EOY | 58358061 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 17545692 | BOY |
| EOY | 20803859 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 172039496 | BOY |
| EOY | 168949331 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 17290000 | BOY |
| EOY | 17035735 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2570357 | BOY |
| EOY | 2633992 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 262641571 | BOY |
| EOY | 267780978 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 89793303 | BOY |
| EOY | 125997232 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12980554 | BOY |
| EOY | 20116068 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 18768659 | BOY |
| EOY | 20869379 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 121542516 | BOY |
| EOY | 166982679 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 384184087 | BOY |
| EOY | 434763657 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 21096615 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 24343548 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | true | FederalGrantAuditRequired |
| Federal Grant Audit Performed | true | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
| Contrib By Controlling Individual | false | ContribByControllingIndividual |
| Contribution By Related Party | false | ContributionByRelatedParty |
| Contrib By35 Controlled Entity | false | ContribBy35ControlledEntity |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| 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) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Public Exhibition Amts | ArtPublicExhibitionAmts | |
| Held Works Of Art Amts | HeldWorksOfArtAmts |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 203752923 | BeginningOfYearBalance |
| Contributions | 11547566 | Contributions |
| Investment Earnings Or Losses | 43803761 | InvestmentEarningsOrLosses |
| Other Expenditures | 10386179 | OtherExpenditures |
| End Of Year Balance | 248718071 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 176725144 | BeginningOfYearBalance |
| Contributions | 9073625 | Contributions |
| Investment Earnings Or Losses | 28336582 | InvestmentEarningsOrLosses |
| Other Expenditures | 10382428 | OtherExpenditures |
| End Of Year Balance | 203752923 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 231755589 | BeginningOfYearBalance |
| Contributions | 9428504 | Contributions |
| Investment Earnings Or Losses | -55485620 | InvestmentEarningsOrLosses |
| Other Expenditures | 8973329 | OtherExpenditures |
| End Of Year Balance | 176725144 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.90258 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.07761 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.01981 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | false | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | false | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 18270364 | OtherCostOrOtherBasis |
| Book Value | 18270364 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 147561693 | OtherCostOrOtherBasis |
| Depreciation | 63750594 | Depreciation |
| Book Value | 83811099 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 13273230 | OtherCostOrOtherBasis |
| Depreciation | 7316497 | Depreciation |
| Book Value | 5956733 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 35186980 | OtherCostOrOtherBasis |
| Depreciation | 25191609 | Depreciation |
| Book Value | 9995371 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 12871218 | OtherCostOrOtherBasis |
| Depreciation | 4312461 | Depreciation |
| Book Value | 8558757 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 126592324 | TotalOfBookValueLandBuildings |
Other Assets OtherAssets (2 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| OTHER ASSETS | 8956462 |
| DEPOSIT WITH BOND TRUSTEES | 15316053 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 24272515 | TotalBookValueOtherAssets |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | REFUNDABLE ADVANCES - U.S. GOV | Description |
| Amount | $2,633,992 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 2633992 | TotalOfAmounts |
| Total Revenue | 220764689 | TotalRevenue |
| Total Expenses | 199668074 | TotalExpenses |
| Excess Or Deficit For Year | 21096615 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 26898430 | NetUnrealizedGLOnInvestments |
| Other | -$2,554,882 | OtherAmount |
| Total Adjustments | 24343548 | TotalAdjustments |
| Excess Or Deficit Per FS | 45440163 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 247977598 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 26898430 | NetUnrealizedGainsInvestments |
| Revenue Not Rptd F990 | 26898430 | RevenueNotRptdF990 |
| Revenue Subtotal | 221079168 | RevenueSubtotal |
| Other Revenues Not Included | -314479 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | -314479 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 220764689 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 202537435 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 2869361 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 2869361 | ExpensesNotRptdF990 |
| Expenses Subtotal | 199668074 | ExpensesSubtotal |
| Total Expenses Per Form990 | 199668074 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (5 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| ENDOWMENT FUNDS | PART V, LINE 4 | ENDOWMENT ASSETS ARE INTENDED TO PROVIDE A SOURCE OF INCOME FOR CURRENT 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 BELIEVES IT HAS TAKEN NO SIGNIFICANT UNCERTAIN TAX POSITIONS. |
| OTHER ADJUSTMENTS TO NET ASSETS | PART XI, LINE 8 | NONOPERATING ADJUSTMENTS FOR PENSION OBLIGATION (2,554,882) |
| OTHER REVENUE INCLUDED ON RETURN BUT NOT IN BOOKS | PART XII, LINE 4B | RECLASS OF FUNDRAISING EXPENSE (314,479) |
| OTHER EXPENSES INCLUDED IN BOOKS BUT NOT ON RETURN | PART XIII, LINE 2D | RECLASS OF FUNDRAISING EXPENSE 314,479 NONOPERATING ADJUSTMENTS FOR PENSION OBLIGATION 2,554,882 TOTAL 2,869,361 |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | true | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | true | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | true | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | true | MaintRacialCompositionRecords |
| Maint Scholarships Records | true | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | true | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | true | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | false | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | false | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | false | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | false | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | false | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | false | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | false | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | false | DiscriminateRaceOtherActy |
| Government Financial Aid Received | true | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | false | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | true | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| 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 AUTHORIZED BY STUDENT LOAN PROGRAMS. |
Schedule F IRS990ScheduleF
Accts Actvs Out US Table AcctsActvsOutUSTable (3 entries)
| RegionRegion | Number Of OfficesNumberOfOffices | Number Of EmployeesNumberOfEmployees | Type Of Activities ConductedTypeOfActivitiesConducted | Specific Services ProvidedSpecificServicesProvided | Total ExpendituresTotalExpenditures |
|---|---|---|---|---|---|
| Europe (Including Iceland and Greenland) | 2 | 3 | Program Services | NEW CAMPUS | 976011 |
| Europe (Including Iceland and Greenland) | 0 | 0 | Program Services | STUDY ABROAD | 794760 |
| Central America and the Caribbean | 0 | 0 | Investments | 26490195 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Number Of Offices | 2 | SubtotalNumberOfOffices |
| Subtotal Number Of Employees | 3 | SubtotalNumberOfEmployees |
| Total Number Of Offices | 2 | TotalNumberOfOffices |
| Total Number Of Employees | 3 | TotalNumberOfEmployees |
| Subtotal Amount Spent | 28260966 | SubtotalAmountSpent |
| Total Amount Spent | 28260966 | TotalAmountSpent |
| Transfer To Foreign Corp | true | TransferToForeignCorp |
| Interest In Foreign Trust | false | InterestInForeignTrust |
| Own Foreign Corp | false | OwnForeignCorp |
| Passive Foreign Invest Co | false | PassiveForeignInvestCo |
| Foreign Partnership | true | ForeignPartnership |
| Boycott Countries | false | BoycottCountries |
Form990 Schedule F Part V Form990ScheduleFPartV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | ACTIVITY PER REGION | Identifier |
| Return Reference | PART I, LINE 3 | ReturnReference |
| Explanation | THE ACTIVITY CONDUCTED IN SPAIN IS MANAGEMENT FOR THE INITIAL SET-UP OF A NEW CAMPUS FOR PROGRAM SERVICES IN THE FUTURE. | Explanation |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | GALA CITY MUSIC | NameOfEvent1 |
| Gross Receipts Event1 | 1245273 | GrossReceiptsEvent1 |
| Gross Revenue Event1 | 1245273 | GrossRevenueEvent1 |
| Rent Facility Costs Event1 | 210768 | RentFacilityCostsEvent1 |
| Entertainment Event1 | 38000 | EntertainmentEvent1 |
| Other Direct Expenses Event1 | 65711 | OtherDirectExpensesEvent1 |
| Total Number Of Other Events | 0 | TotalNumberOfOtherEvents |
| Gross Receipts Total | 1245273 | GrossReceiptsTotal |
| Gross Revenue Total Events | 1245273 | GrossRevenueTotalEvents |
| Rent Facility Costs Total Events | 210768 | RentFacilityCostsTotalEvents |
| Entertainment Total Events | 38000 | EntertainmentTotalEvents |
| Other Direct Expenses Total Events | 65711 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 314479 | DirectExpenseSummaryEvents |
| Net Income Summary | 930794 | NetIncomeSummary |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | true | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII (5 entries)
| Type Of GrantTypeOfGrant | Number Of RecipientsNumberOfRecipients | Amount Of Cash GrantAmountOfCashGrant | Method Of ValuationMethodOfValuation |
|---|---|---|---|
| INTERNALLY FUNDED SCHOLARSHIPS | 2359 | 25347642 | FMV |
| EXTERNALLY FUNDED SCHOLARSHIPS | 137 | 3040677 | FMV |
| MASSACHUSETTS STATE SCHOLARSHIPS | 165 | 157150 | FMV |
| SEOG FINANCIAL AID | 329 | 411313 | FMV |
| COLLEGE WORK STUDY - PAYROLL | 364 | 365353 | FMV |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | ORGANIZATION'S PROCEDURE FOR MONITORING THE USE OF GRANT FUNDS | Identifier |
| Return Reference | PART I, LINE 2 | ReturnReference |
| Explanation | 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 TO AN ANNUAL INDEPENDENT A-133 AUDIT TO ENSURE COMPLIANCE WITH ALL FEDERAL REGULATIONS FOR GRANT ASSISTANCE. THE COLLEGE SCHOLARSHIP OFFICE IS RESPONSIBLE FOR AWARDING AND MONITORING ALL INSTITUTIONAL GRANT ASSISTANCE. STUDENTS APPLY FOR SCHOLARSHIP AID BY COMPLETING AN INTERNAL AID FORM WHICH CAPTURES THE DATA REQUIRED TO DETERMINE ELIGIBILITY BASED ON INSTITUTIONAL GUIDELINES. 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 GRANT 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 GRANT. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | X | TravelForCompanions |
| Idemnification Gross Up Payments | X | IdemnificationGrossUpPayments |
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Club Dues Or Fees | X | ClubDuesOrFees |
| Written Policy Re T And E Expenses | true | WrittenPolicyReTAndEExpenses |
| Substantiation Required | true | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | true | SeverancePayment |
| Supplemental Nonqual Retire Plan | true | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | false | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | false | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | true | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | false | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | false | AnyNonFixedPayments |
| Initial Contract Exception | false | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (8 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROGER H BROWN | |||||||||||||
| 371537 | 0 | 79150 | 0 | 104251 | 0 | 62893 | 0 | 24308 | 0 | 642139 | 0 | 0 | 0 |
| AMELIA S KOCH | |||||||||||||
| 182075 | 0 | 9310 | 0 | 4021 | 0 | 46393 | 0 | 4386 | 0 | 246185 | 0 | 0 | 0 |
| DAVID KUSEK | |||||||||||||
| 290411 | 0 | 41722 | 0 | 478056 | 0 | 148404 | 0 | 22507 | 0 | 981100 | 0 | 0 | 0 |
| STEVEN LIPMAN | |||||||||||||
| 98134 | 0 | 0 | 0 | 215968 | 0 | 34804 | 0 | 6527 | 0 | 355433 | 0 | 0 | 0 |
| DAVID S MASH | |||||||||||||
| 230822 | 0 | 11930 | 0 | 14542 | 0 | 35873 | 0 | 16008 | 0 | 309175 | 0 | 0 | 0 |
| DAVID MCKAY | |||||||||||||
| 208341 | 0 | 4150 | 0 | 290853 | 0 | 100339 | 0 | 15232 | 0 | 618915 | 0 | 0 | 0 |
| LAWRENCE J SIMPSON | |||||||||||||
| 238112 | 0 | 12220 | 0 | 9249 | 0 | 48438 | 0 | 10498 | 0 | 318517 | 0 | 0 | 0 |
| DAVID R HORNFISCHER | |||||||||||||
| 100378 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 100378 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (5 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| BENEFITS | PART I, LINE 1A | THESE BENEFITS ARE PROVIDED ONLY TO THE PRESIDENT AND ARE INCLUDED AS TAXABLE COMPENSATION ON HIS FORM W-2. |
| SEVERANCE PAYMENT | PART I, LINE 4A | STEVEN LIPMAN RECEIVED A SEVERANCE PAYMENT OF $44,706. |
| SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN | PART I, LINE 4B | STEVEN LIPMAN, DAVID KUSEK, AND DAVID MCKAY PARTICIPATED IN A NONQUALIFIED SUPPLEMENTAL RETIREMENT PLAN. THESE INDIVIDUALS RECEIVED THE FOLLOWING PAYMENTS: STEVEN LIPMAN $145,923 DAVID KUSEK $469,545 DAVID MCKAY $284,924 |
| 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. |
| COMPENSATION DISCLOSURE | PART II | PART II, COLUMNS B (I), B(II) AND B(III) REPORT THE BREAKDOWN OF COMPENSATION AS REPORTED ON INDIVIDUAL W-2S AND/OR 1099-MISC FORMS FOR CALENDAR YEAR 2010. COLUMN B(I): REPORTS BASE COMPENSATION COLUMN B(II): REPORTS ANY BONUSES COLUMN B(III): REPORTS OTHER TAXABLE COMPENSATION SUCH AS LUMP SUM PAYMENTS FROM CERTAIN DEFINED BENEFIT PLANS, TAXABLE REIMBURSEMENTS, ALLOWANCES, ETC. COLUMN C: REPORTS DEFERRALS UNDER CERTAIN RETIREMENT PLANS INCLUDING EMPLOYEE AND EMPLOYER 403B CONTRIBUTIONS AND INCREASES IN THE VALUE OF DEFINED BENEFIT PLANS. COLUMN D: REPORTS NONTAXABLE BENEFITS SUCH AS MEDICAL REIMBURSEMENT PROGRAMS, LIFE INSURANCE, DISABILITY BENEFITS AND EDUCATIONAL ASSISTANCE. THESE ARE STANDARD BENEFITS FOR ALL COLLEGE EMPLOYEES. |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MHEFA REVENUE BONDS SERIES 2007A | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Issuer EIN | 042456011 | IssuerEIN |
| CUSIP Number | 57586CE27 | CUSIPNumber |
| Date Issued | 2007-08-08 | DateIssued |
| Issue Price | 178014966 | IssuePrice |
| Description Of Purpose | SEE SCHEDULE O | DescriptionOfPurpose |
| Defeased | false | Defeased |
| On Behalf Of Issuer | false | OnBehalfOfIssuer |
| Pool Financing | false | PoolFinancing |
Form990 Schedule K Part II Form990ScheduleKPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Proceeds | 173510000 | TotalProceeds |
| Refunding Escrow | 72610864 | RefundingEscrow |
| Issuance Costs From Proceeds | 1235927 | IssuanceCostsFromProceeds |
| Capital Expenditures | 79035609 | CapitalExpenditures |
| Amount Unspent | 15316053 | AmountUnspent |
| Year Of Subst Completion | 2012 | YearOfSubstCompletion |
| Current Refunding | true | CurrentRefunding |
| Advance Refunding | false | AdvanceRefunding |
| Final Allocation Made | false | FinalAllocationMade |
| Adequate Books And Recds Maintaind | true | AdequateBooksAndRecdsMaintaind |
Form990 Schedule K Part III Form990ScheduleKPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Owning Bond Financed Property | false | OwningBondFinancedProperty |
| Any Lease Arrangements | false | AnyLeaseArrangements |
| Mngment Cntrct Bond Financd Prprty | false | MngmentCntrctBondFinancdPrprty |
| Any Research Agreements | false | AnyResearchAgreements |
| Bond Counsel Routinely Engaged | false | BondCounselRoutinelyEngaged |
| Prcntge Prvt Business Use By Others | 0.00007 | PrcntgePrvtBusinessUseByOthers |
| Percentage Of Prvt Business Re UBI | 0.00000 | PercentageOfPrvtBusinessReUBI |
| Total Private Business Use | 0.00007 | TotalPrivateBusinessUse |
| Post Issuance Compliance Procdrs | true | PostIssuanceComplianceProcdrs |
Form990 Schedule K Part IV Form990ScheduleKPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8038 T Filed | false | Form8038TFiled |
| Variable Rate Issue | false | VariableRateIssue |
| Hedge Identified In Books And Recds | false | HedgeIdentifiedInBooksAndRecds |
| Gross Proceeds Invested In GIC | true | GrossProceedsInvestedInGIC |
Name Of GIC Provider NameOfGICProvider
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TRANSAMERICA LIFE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Term Of GIC | 2. | TermOfGIC |
| Regulatory Safe Harbor Satisfied | true | RegulatorySafeHarborSatisfied |
| Gross Proceeds Invested | false | GrossProceedsInvested |
| Exception To Rebate | false | ExceptionToRebate |
Schedule L IRS990ScheduleL
Loan Table LoanTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | LEE BERK | NamePerson |
| Purpose Of Loan | DISCRETIONARY LOAN | PurposeOfLoan |
| Loan From Organization | X | LoanFromOrganization |
| Original Principal | $1,665,384 | OriginalPrincipalAmount |
| Balance Due | 620188 | BalanceDue |
| Default | false | Default |
| Approved By Board | true | ApprovedByBoard |
| Written Agreement | true | WrittenAgreement |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | 620188 | TotalBalanceDue |
Schedule M IRS990ScheduleM
| Field | Value | IRS element (for citing) |
|---|---|---|
| Works Of Art | WorksOfArt | |
| Art Historical Treasures | ArtHistoricalTreasures | |
| Art Fractional Interest | ArtFractionalInterest | |
| Books And Publications | BooksAndPublications | |
| Clothing And Household Goods | ClothingAndHouseholdGoods | |
| Cars And Other Vehicles | CarsAndOtherVehicles | |
| Boats And Planes | BoatsAndPlanes | |
| Intellectual Property | IntellectualProperty | |
| Securities Publicly Traded | SecuritiesPubliclyTraded | |
| Securities Closely Held Stock | SecuritiesCloselyHeldStock | |
| Securities Prtnrshp Trust Intrsts | SecuritiesPrtnrshpTrustIntrsts | |
| Securities Miscellaneous | SecuritiesMiscellaneous | |
| Qualified Contrib Hist Struct | QualifiedContribHistStruct | |
| Qualified Contrib Other | QualifiedContribOther | |
| Real Estate Residential | RealEstateResidential | |
| Real Estate Commercial | RealEstateCommercial | |
| Real Estate Other | RealEstateOther | |
| Collectibles | Collectibles | |
| Food Inventory | FoodInventory | |
| Drugs And Medical Supplies | DrugsAndMedicalSupplies | |
| Taxidermy | Taxidermy | |
| Historical Artifacts | HistoricalArtifacts | |
| Scientific Specimens | ScientificSpecimens | |
| Archaeological Artifacts | ArchaeologicalArtifacts |
Other Non Cash Contributions Table OtherNonCashContributionsTable (4 entries)
| Non Cash CheckboxNonCashCheckbox | DescriptionDescription | Number Of ContributionsNumberOfContributions | Noncash Contribs Rptd F990NoncashContribsRptdF990 | Method Of Determining RevenuesMethodOfDeterminingRevenues |
|---|---|---|---|---|
| X | MUSICAL INSTRUMENTS | 9 | 22094 | COST |
| X | MUSIC EQUIPMENT | 10 | 30980 | COST |
| X | OTHER | 8 | 3690 | COST |
| X | ACADEMIC SOFTWARE | 5 | 496043 | COST |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | false | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | true | ReviewProcessUnusualNCGifts |
| Third Parties Used | false | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (10 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| ORGANIZATION'S MISSION | PART III, LINE 1 | *MISSION AND PHILOSOPHY* 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 ALL 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 CULTURAL 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 INFLUENTIAL STYLES, RELEVANT TECHNOLOGIES, AND CAREER OPPORTUNITIES OPEN TO TODAY'S MUSIC PROFESSIONAL. *OBJECTIVES* TO DEFINE AND REFINE THE INDIVIDUAL TALENTS OF OUR STUDENTS BY PROVIDING A BROAD RANGE OF MAJOR PROGRAMS OFFERED BY A DISTINGUISHED FACULTY, AND TO PREPARE THEM FOR CAREERS IN MUSIC THAT REFLECT THE DIVERSITY OF EXPRESSION AND OPPORTUNITIES THAT DEFINE MUSIC TODAY. |
| TO ENABLE OUR STUDENTS TO EMPLOY THEIR MUSICAL EDUCATION IN A GLOBAL | SOCIETY BY PROVIDING A COHERENT LIBERAL ARTS CURRICULUM THAT INFORMS THEIR | THINKING ABOUT ISSUES THAT HAVE SHAPED OUR TIME. TO ENCOURAGE OUR STUDENTS TO APPRECIATE AND APPLY MUSIC'S ENORMOUS FORCE FOR THE ENRICHMENT OF SOCIETY AND INTERCULTURAL UNDERSTANDING. TO CULTIVATE A SUPPORTIVE LEARNING ENVIRONMENT BY ACTIVELY PROMOTING A CLIMATE OF RESPECT FOR PERSONAL AND CULTURAL DIFFERENCES, AND BY OFFERING A RANGE OF SERVICES AND ACTIVITIES TO SUPPORT THE NEEDS OF THE STUDENT MUSICIANS WHO COME TO US FROM AROUND THE WORLD. TO MAINTAIN THE VITALITY OF OUR COLLEGE COMMUNITY BY ENCOURAGING AND SUPPORTING CONTINUING PROFESSIONAL DEVELOPMENT FOR ALL OF ITS MEMBERS. TO PROVIDE AN ENVIRONMENT IN WHICH ALL KNOW THAT THEY ARE FULL AND VALUED MEMBERS OF THE COMMUNITY. TO VALUE ETHICAL BEHAVIOR IN ALL ASPECTS OF PERSONAL AND PROFESSIONAL LIFE BY ESTABLISHING A COMMUNITY THAT VALUES INTEGRITY IN ALL RELATIONSHIPS. |
| TO RETAIN OUR LEADERSHIP POSITION IN MUSIC EDUCATION AND TO ENSURE THAT | OUR CURRICULUM REMAINS RELEVANT BY PLEDGING TO VALUE ACADEMIC FREEDOM AND | INNOVATION. *PHILOSOPHY* BERKLEE WAS FOUNDED ON TWO REVOLUTIONARY IDEAS: THAT MUSICIANSHIP COULD BE TAUGHT THROUGH THE MUSIC OF THE TIME; AND THAT OUR STUDENTS NEED PRACTICAL, PROFESSIONAL SKILLS FOR SUCCESSFUL, SUSTAINABLE MUSIC CAREERS. WHILE OUR BEDROCK PHILOSOPHY HAS NOT CHANGED, THE MUSIC AROUND US HAS AND REQUIRES THAT WE EVOLVE WITH IT. FOR OVER HALF A CENTURY, WE'VE DEMONSTRATED OUR COMMITMENT TO THIS APPROACH BY WHOLEHEARTEDLY EMBRACING CHANGE. WE UPDATE OUR CURRICULUM AND TECHNOLOGY TO MAKE THEM MORE RELEVANT, AND ATTRACT DIVERSE STUDENTS WHO REFLECT THE MULTIPLICITY OF INFLUENCES IN TODAY'S MUSIC. WE PREPARE OUR STUDENTS FOR A LIFETIME OF PROFESSIONAL AND PERSONAL GROWTH THROUGH THE STUDY OF THE ARTS, SCIENCES, AND HUMANITIES. AND WE ARE DEVELOPING NEW INITIATIVES TO REACH AND INFLUENCE AN EVER-WIDENING AUDIENCE. MORE THAN A COLLEGE, BERKLEE HAS BECOME THE WORLD'S SINGULAR LEARNING LAB FOR THE MUSIC OF TODAY-AND TOMORROW. WE ARE A MICROCOSM OF THE MUSIC WORLD, REFLECTING THE INTERPLAY BETWEEN MUSIC AND CULTURE; AN ENVIRONMENT WHERE ASPIRING MUSIC PROFESSIONALS LEARN HOW TO INTEGRATE NEW IDEAS, ADAPT TO CHANGING MUSICAL GENRES, AND SHOWCASE THEIR DISTINCTIVE SKILLS IN AN EVOLVING COMMUNITY. WE ARE AT THE CENTER OF A WIDENING NETWORK OF INDUSTRY PROFESSIONALS WHO USE THEIR OPENNESS, VIRTUOSITY, AND VERSATILITY TO TAKE MUSIC IN SURPRISING NEW DIRECTIONS. |
| FAMILY AND BUSINESS RELATIONSHIPS | PART VI, SECTION A, QUESTION 2 | SEVERAL TRUSTEES HAVE ENGAGED IN A BUSINESS TRANSACTION WITH ANOTHER TRUSTEE. THESE TRANSACTIONS OCCUR IN THE ORDINARY COURSE OF BUSINESS. TRUSTEE WILLIAM LYNCH EMPLOYS ANOTHER FORMER TRUSTEE, ALAN MCLEAN, IN HIS FIRM. |
| FORM 990 REVIEW PROCESS | PART VI, SECTION B, QUESTION 11A | THE FORM 990 IS PREPARED BY THE CONTROLLER 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 IS APPROVED BY THE COMMITTEE, THE FINAL FORM 990 IS DISTRIBUTED TO THE FULL BOARD. |
| 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. |
| PUBLIC DISCLOSURE | PART VI, SECTION C, QUESTION 19 | THE COLLEGE MAKES THE DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS AVAILABLE UPON WRITTEN REQUEST. THE COLLEGE'S FORM 990 IS ALSO AVAILABLE ONLINE AT WWW.GUIDESTAR.ORG. |
| OTHER CHANGES IN NET ASSETS | PART XI, LINE 5 | UNREALIZED GAIN ON INVESTMENTS 26,898,430 PENSION OBLIGATION CHANGES OTHER THAN NET PERIODIC COSTS (2,554,882) TOTAL 24,343,548 |
| PURPOSE OF BOND ISSUES | SCHEDULE K, PART I | PROCEEDS OF THE BONDS WERE USED AS FOLLOWS: (1) $94,351,662 FOR EQUIPMENT PURCHASES, BUILDING RENOVATIONS, ONLINE COURSE DEVELOPMENT, OTHER BUDGETED CAPITAL EXPENDITURES AT THE COLLEGE'S EXISTING FACILITIES, AND TO ACQUIRE AND RENOVATE ADDITIONAL REAL PROPERTY AND PAY FOR CAMPUS MASTER PLANNING EXPENSES. (2) $9,816,512 TO REPAY A PRIOR LOAN. (3) $72,610,864 TO REFINANCE OUTSTANDING DEBT BONDS ISSUED ON 8/14/97 AND 7/24/03. (4) $1,235,927 TO PAY FOR BOND ISSUANCE COSTS. |