2011-05-16T08:24:00-07:00 2010-06-30 Grant Thornton LLP 226 Causeway Street Boston MA 02114 990 2009-07-01 237225104 New England Conservatory of Music NEWE 6175851218 290 Huntington Avenue Boston MA 02115 Edward Lesser 2011-05-16 Laura Kenney 2009 2016-02-24 21:20:13Z Woodcock Anthony 290 Huntington Avenue Boston MA 02115 51842175 false false X www.necmusic.edu X 1867 MA New England Conservatory of Music (NEC) educates and trains musicians of all ages from around the world. 30 28 1110 -132884 -156434 10744360 6609570 29047751 31524722 3770277 -183758 1501658 1231654 45064046 39182188 9854647 10901032 0 21149258 22170690 22834 2563712 10729507 11142011 41733412 44236567 3330634 -5054379 148214356 155598775 29283987 29211763 118930369 126387012 New England Conservatory of Music (NEC) educates and trains musicians of all ages from around the world, drawing on the talent and deep reservoir of experience of our faculty. We are dedicated to inculcating the highest standards of excellence and nurturing individual artistic sensibility and creative growth. Understanding that music is one of the transcendent expressions of human civilization, NEC aspires to ensure it a central place in contemporary society. false false 29734332 10112324 25472079 Higher Education : College - Programs leading to bachelors degrees, masters degrees, doctoral degrees, and diplomas. (801 students) 5399125 597308 4152701 Continuing Education Programs: School of Preparatory and Continuing Education - Music instruction for children and adults not leading to a specific degree. (2,288 students) 1295550 191400 1899942 Student Services Program, General/Other: Dormitory/Dining - Room and board for residential students. (157 students) 196818 36625825 true true false false false false false true false true true true false true false true false false true true false false true true true true false false false false false true false true false true true false false false false false false false false true 191 0 true 1110 true true true false false false false false false true true false 0 false false false true false false false false 30 28 false false false false false false false true true false false false true true true true true true true true false false MA X Amanda Gates Controller 6175851218 290 Huntington Avenue Boston MA 02115 Young Lane D 2.00 X 0 0 0 Yogg Joan 2.00 X 0 0 0 Woodcock Anthony 40.00 X X 412732 0 90776 Wolff Hugh X 154197 0 28699 Wisneski Frank 2.00 X 0 0 0 Williams Linda 2.00 X 0 0 0 Weilerstein Donald 35.00 X 239849 0 57381 Sloan Norton Q 2.00 X 0 0 0 Slavet Gerald 2.00 X 0 0 0 Shattuck Isabel M 2.00 X 0 0 0 Scheer Ruth C 2.00 X 0 0 0 Sallop Linda 2.00 X 0 0 0 Rubin Sally L 2.00 X 0 0 0 Pratt Harold I 2.00 X X 0 0 0 Perry E Lee 2.00 X 0 0 0 Novak Thomas 40.00 X 152200 0 14379 Manopoli Patterson Jane 2.00 X 0 0 0 Lesser Laurence 35.00 X 156675 0 16278 Lesser Edward 40.00 X 216213 0 47406 Katz Paul 35.00 X 150496 0 29398 Joni Dr Saj-nicole A 2.00 X 0 0 0 Jones Donald E 40.00 X 178084 0 42503 Irvine II Horace 2.00 X 0 0 0 Hori Shintaro 2.00 X 0 0 0 Holland Nancy Noble 2.00 X 0 0 0 Hodges Eloise 2.00 X 0 0 0 Harris John 2.00 X 0 0 0 Harcovitz Ruth 2.00 X 0 0 0 Friedlaender J Stephen 2.00 X X 0 0 0 Fried Biss Miriam 35.00 X 155378 0 19733 Ferguson Corinne 2.00 X 0 0 0 Ett Alan 2.00 X 0 0 0 Elfers Deborah B 2.00 X 0 0 0 de Braganca Barbara 2.00 X 0 0 0 Davol Anna 2.00 X X 0 0 0 Burnes Kennett F 2.00 X 0 0 0 Braverman Paul 2.00 X 0 0 0 Blumenthal Thomas 2.00 X X 0 0 0 1815824 346553 24 false true false Tishman Construction Corp 84 State St 10th Floor Boston MA 02109 Construction 12687914 Stephen J Wessling Architects 1250 Hancock St815N Quincy MA 02169 Architect design 530582 Shawmut Design and Construction 560 Harrison Avenue Boston MA 02118 Construction 616411 George T Wilkinson Inc 405 VFW Drive Rockland MA 02370 Construction 513353 Aramark Services Inc 1101 Market St Philadelphia PA 19107 Dining hall mgmt 556717 15 609930 256663 5742977 682009 6609570 Tuition and academic fees 611710 28085145 28085145 Student health insurance 524114 596370 596370 Room and board 721310 1899942 1899942 Non-academic fees 611710 636375 636375 Medical fees 621300 281580 281580 25310 25310 31524722 1262892 -132884 1395776 0 0 763727 334894 428833 428833 428833 10699186 12145836 -1446650 -1446650 -1446650 112500 609930 179257 -66757 -66757 0 0 Parking (employees) 812930 123830 123830 Hall rentals 532000 328427 328427 Concerts and tours 711130 336194 336194 81127 81127 869578 39182188 32270470 -132884 435032 7500 7500 10893532 10893532 0 0 1163964 417748 391628 354588 0 17353819 14334031 1888116 1131672 502394 420089 51933 30372 1872433 1534490 210783 127160 1278080 1021906 155519 100655 0 66931 12619 40513 13799 112438 112438 0 22834 22834 202085 202085 1424967 942149 365009 117809 198393 18307 148706 31380 1376170 775066 484150 116954 1164491 70579 1093912 0 1785461 563949 1217669 3843 1138639 843341 90491 204807 0 48772 41085 5875 1812 406859 335365 52078 19416 0 1516285 1257835 70810 187640 0 Student health and food 1375607 1375607 Payroll processing & temp agen 68543 68543 Bad debt/loss 101437 5522 95925 -10 Allocation of Building Ops 0 1660236 -1756356 96120 All other expenses 154933 94869 57203 2861 0 44236567 36625825 5047030 2563712 X 981795 1341489 16472777 2611578 12549709 11584224 183209 400335 500000 500000 0 3988309 3521867 0 438819 393601 59405573 21734448 24268570 37671125 32728038 35242786 56103130 62331770 0 0 0 148214356 155598775 3045796 2830204 535675 642492 21765275 21778305 3937241 3960762 29283987 29211763 X 35310744 37100948 21470421 26330192 62149204 62955872 118930369 126387012 148214356 155598775 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X false 89613212 2062944 10663132 -1541568 -2188672 -202085 98406963 99875947 3510406 -11417795 -950477 -1163233 -241636 89613212 0.23000 0.75000 0.02000 false false false 1669497 1669497 45391793 13823357 31568436 607986 607986 11736297 7911091 3825206 37671125 8134268 F 62331770 Planned giving liability 468062 Perkins Loan Refundable Advances 3492700 3960762 39182188 44236567 -5054379 12112822 398199 12511021 7456642 40932486 12112822 -10160439 1952383 38980103 202085 202085 39182188 33475844 -10558638 -10558638 44034482 202085 202085 44236567 Part X Part X : FIN48 Footnote The Conservatory adopted FASB Accounting Standards Codification 740, Income Taxes ("ASC 740," formerly Financial Interpretation No. 48, Accounting for Uncertainty in Income Taxes - an interpretation of FASB Statement No. 109) in fiscal 2009. ASC 740 clarifies the criteria that must be met prior to recognition of the financial statement benefit of a position taken, and requires an entity to determine whether it is more likely than not that a tax position will be sustained upon examination, based on the technical merits of the position. A tax position that meets the more-likely-than-not recognition threshold is then measured to determine the amount of benefit to recognize in the financial statements. ASC 740 also requires the recognition of liabilities or other adjustments created by differences between tax positions taken in a tax return and amounts recognized in the financial statements. Tax positions for the open tax years as of June 30, 2010 (fiscal 2007 through 2010) were reviewed, and it was determined that no provision for uncertain tax positions was required as of the date of adoption of ASC 740 (concurrent with the bond issuance in September 2008) nor as of June 30, 2010 or 2009. Part XI, Line 8 Part XI, Line 8: Other Changes in Net Assets or Fund Balances Planned giving net change $398203 $ -0 Rounding $ -4 Part V, Line 4 Part V, Line 4: Intended uses of the endowment fund. Endowment revenue is used to support program related activities. Part III, Line 4 Part III, Line 4: Description of organization's collections and how it furthers its purpose. NEC's historical instruments are exhibited as art objects on campus and at the Museum of Fine Arts, Boston. NEC's rare books, recordings and letters are part of its library holdings, available for research by NEC students and staff as well as others from the community. Part III, Line 1a Part III, Line 1a: If organization elected under SFAS 116 to not report are, historical treasures, o The Conservatory maintains collections of historical instruments, art, vocal scores, recordings, and literary works. These collections are protected and preserved for public exhibition, education, research, and the furtherance of public service. They are neither disposed of for financial gain nor encumbered in any manner. Accordingly, these collections are not capitalized for financial statement purposes. true false false NEC follows a nondiscriminatory policy and has a racially balanced student body. NEC customarily draws a substantial percentage of its students both nationwide and worldwide. NEC therefore includes the nondiscrimination policy in brochures, catalogues, and comparable materials dealing with student admissions, programs, and scholarships to satisfy the publicity requirement. true true true true false false false false false false false false true false US Dept of Education student grants and loans $7,303,028; US Dept of Education Fund for Improvement of Postsecondary Education $182,272; State of Massachusetts Cultural Council $21,500; National Endowment for the Arts $20,000. false NEC follows a nondiscriminatory policy and has a racially balanced student body, faculty and staff. NEC did not consistently include a statement of its racially nondiscriminatory policy toward students in all of its brochures, catalogues, or comparable materials dealing with student admissions, programs, and scholarships in FY2010, but will do so in future years. NEC also did not publicize its racially nondiscriminatory policy through newspaper or broadcast media in FY2010, but will satisfy the publicity requirement in future years.NEC has also developed a policy and procedures to ensure that the racial nondiscrimination policy is included in the future in all brochures, catalogues and other comparable materials, including relevant sections of the NEC website, associated with student admissions, programs and scholarships. South America 0 0 Program services Acad activities 56279 South America 0 0 Fundraising 5031 N. Amer (Canada & MX) 0 0 Program services Acad activities 3258 Europe 0 0 Program services Acad activities 26758 East Asia & the Pacific 0 0 Program services Acad activities 23679 East Asia & the Pacific 0 0 Fundraising 8343 Central Amer & Caribbean 0 0 Program services Acad activities 5536 0 0 128884 X X X X X X X X true 22834 MA Boston Gala 632794 527289 105505 5000 92065 2500 59783 Prep Gala 89636 82641 6995 7514 6156 6239 722430 609930 112500 12514 98221 2500 66022 179257 -66757 true The Commonwealth Shakespeare Co 539 Tremont St Unit 308 Boston MA 02116 042947682 501(c)3 7500 0 support free performances of plays 1 0 Scholarship and other financial aid 1136 10893532 Grantmaker's Description of How Grants are Used NEC monitored the grant by having staff present for the Commonwealth Shakespeare Company performances for which the grant was provided. Additional Supplemental Information Part I, Line 2: The awarding of student financial aid grants under the U.S. Department of Education's Student Financial Assistance Program is monitored by NEC's Financial Aid Office, which ensures that NEC meets the compliance requirements of OMB Circular A-133. NEC's Financial Aid Office and Business Office are responsible for establishing and maintaining effective internal controls over compliance with the requirements of laws, regulations, contracts, and grants applicable to federal programs.Only current NEC students in good standing are provided scholarship grants or other financial assistance. Grants and assistance to NEC College students are in the form of institutional scholarships. All College scholarships are administered through NEC's financial aid system. Institutional scholarships are credited to the student's internal tuition account and represent an offset to tuition and other fees assessed by NEC.Preparatory program, continuing education program and summer session scholarships are tracked separately and administered through NEC's student billing system. Preparatory program, continuing education program and summer session scholarships are credited to the student's internal tuition account and represent an offset to tuition and other fees assessed by NEC.Grants and assistance to NEC staff and their eligible spouses and dependents are in the form of staff tuition waivers, pursuant to a written benefits plan. Staff tuition waivers are administered through the Conservatory's benefits system and, like institutional scholarships for students, are credited to the individual's internal account to offset tuition changes.All students receiving scholarships and fellowships are judged worthy by the institution's assessment on the basis of academic achievement, financial need and other similar standards. X X true true X X X X X X false true false false false false false false false true Woodcock Anthony 374890 37842 48733 42043 503508 Wolff Hugh 146205 7992 7650 21049 182896 Weilerstein Donald 231197 8652 8402 48979 297230 Novak Thomas 135358 16842 7212 7167 166579 Lesser Laurence 149417 7258 7097 9181 172953 Lesser Edward 179694 36519 20000 27406 263619 Katz Paul 143169 7327 7115 22283 179894 Jones Donald E 153744 24340 17998 24505 220587 Fried Biss Miriam 135119 20259 6892 12841 175111 Sch J, Part I, Line 1a Part I, Line 1a: Relevant information in regards to selections on 1a. First class travel provided to NEC's President for flight to Asia on NEC business ($819). Companion travel provided to the President's wife for train transportation to New York City and various meals while on trips to New York City and elsewhere, during which she assisted with NEC's fundraising efforts (approximately $700 total), which is considered a bona fide business expense and was fully documented and approved under the NEC Travel Policy. Mass Development Fin Agency 043431814 57583RZU2 2008-09-04 21902110 Capital expenditures false false 22688936 1553427 843149 320927 19567102 2011 false false false true false true true false true 0.01518 true false false false false false true Anthony Woodcock mortgage X 500000 500000 false true true 500000 Thomas Blumenthal See Schedule O 599459 See Schedule O false X 1 5479 Fair Mkt Value X 26 639530 Fair Mkt Value X Instruments 3 37000 Fair Mkt Value 1 false true true Part I, Line 32, Hire and Use of Third Parties UBS is the stock broker to which NEC directs donors who would like to make stock gifts to the organization. UBS accepts and liquidates each stock gift and sends the proceeds to NEC. Car Program Inc. is used by NEC to broker vehicle donations. Form 990, Part VI, Line 19 Form 990, Part VI, Line 19: Other Organization Documents Publicly Available NEC's governing documents, conflict of interest policy, and financial statements are available to the public upon request. Form 990, Part VI, Line 15b Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees The following also refers to Part VI, Line 15a. Officer and key employee compensation is reviewed by the Compensation Committee of the Board of Trustees, which hires an independent compensation consultant annually to compare officer and key employee compensation against industry data for similarly qualified people, in functionally comparable positions at similar organizations. Officers' and key employees' compensation packages are also approved by the Board of Trustees' Compensation Committee, which is comprised of individuals without any conflicts of interest with respect to the compensation, and the deliberations and decisions are documented contemporaneously as part of the committee's meetings. The process occurred in 2007 for the NEC President,in 2009 for the Senior Vice President of Finance and Operations and the Vice President for Institutional Advancement, and in 2010 for the Dean of the College. Form 990, Part VI, Line 12c Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts The conflict of interest policy is distributed to officers, trustees and key employees annually. All of these individuals are required to complete the form for the past fiscal year and disclose any conflicts of interest within the form. The policy also indicates that officers, trustees and key employees are required to make conflict of interest disclosures at any time during the year that they become aware of a conflict of interest. These conflicts are reviewed by the Controller as well as the Audit Committee and disclosed within the annual financial report if material and on Form 990 if they meet the stated IRS thresholds. Individuals who have conflicts of interest or are otherwise not independent from NEC due to a business relationship or receiving compensation from NEC recuse themselves from Board of Trustees votes on matters having to do with their transactions or compensation. Form 990, Part VI, Line 11 Form 990, Part VI, Line 11: Form 990 Review Process In March 2010, NEC's Board of Trustees voted to delegate review and approval of the Form 990 to the Finance Committee. The Finance Committee receives a copy of the draft Form 990 prior to their meeting in mid-April. At the meeting, members of the Finance Committee receive a presentation on the Form 990 from management andprovide input on the Form 990. Lastly, a final copy of the Form 990 is provided to all Trustees prior to the filing date. In addition, NEC has tax advisors from a national accounting firm review the Form 990. Form 990, Part III, Line 4d Form 990, Part III, Line 4d : Other Program Services Description OTHER PROGRAM SERVICES 4: Education Policy Programs: Research Center for Learning Through Music - Formulation, site testing, and dissemination of music teaching theories, geared toward improvement of teaching skills and increased integration of music into public and private school curricula. (450 teachers)