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NEW ENGLAND CONSERVATORY OF MUSIC: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
NEW ENGLAND CONSERVATORY OF MUSIC (EIN 23-7225104)
Tax period
2024-07-01 to 2025-06-30
Filed
2026-05-11
IRS object ID
202601319349302400
Schema version
2024v5.5
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 ReturnHeader

FieldValueIRS element (for citing)
Return2026-05-11T09:56:27-05:00ReturnTs
Tax Period End2025-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN420714325PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1RSM US LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line180 CITY SQUAREAddressLine1Txt
CityBOSTONCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02129ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2024-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN237225104EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1NEW ENGLAND CONSERVATORY OF MUSICBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlNEWEBusinessNameControlTxt
Phone6175851725PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1290 HUNTINGTON AVENUEAddressLine1Txt
CityBOSTONCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02115ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonANDREA KALYNPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone6175851725PhoneNum
Signature2026-05-05SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonLYNNE JOHNSONPreparerPersonNm
PTINP00757336PTIN
Phone6179129000PhoneNum
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerANDREA KALYNPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1290 HUNTINGTON AVENUEAddressLine1Txt
CityBOSTONCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02115ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$145,896,623GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.NECMUSIC.EDUWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1867FormationYr
Legal Domicile StateMALegalDomicileStateCd
Activity Or MissionNEW ENGLAND CONSERVATORY OF MUSIC (NEC) EDUCATES AND TRAINS MUSICIANS OF ALL AGES FROM AROUND THE WORLD.ActivityOrMissionDesc
Voting Members Governing Body30VotingMembersGoverningBodyCnt
Voting Members Independent30VotingMembersIndependentCnt
Total Employee1393TotalEmployeeCnt
Total Volunteers136TotalVolunteersCnt
Total Gross UBI$6,146TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$20,702,255PYContributionsGrantsAmt
CY Contributions Grants$19,983,361CYContributionsGrantsAmt
PY Program Service Revenue$55,534,691PYProgramServiceRevenueAmt
CY Program Service Revenue$61,923,676CYProgramServiceRevenueAmt
PY Investment Income$4,007,951PYInvestmentIncomeAmt
CY Investment Income$8,362,998CYInvestmentIncomeAmt
PY Other Revenue-$56,292PYOtherRevenueAmt
CY Other Revenue-$87,981CYOtherRevenueAmt
PY Total Revenue$80,188,605PYTotalRevenueAmt
CY Total Revenue$90,182,054CYTotalRevenueAmt
PY Grants And Similar Paid$19,926,061PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$22,883,863CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$35,530,829PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$38,378,144CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$3,082,939CYTotalFundraisingExpenseAmt
PY Other Expenses$24,018,307PYOtherExpensesAmt
CY Other Expenses$25,039,630CYOtherExpensesAmt
PY Total Expenses$79,475,197PYTotalExpensesAmt
CY Total Expenses$86,301,637CYTotalExpensesAmt
PY Revenues Less Expenses$713,408PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$3,880,417CYRevenuesLessExpensesAmt
Total Assets BOY$290,282,506TotalAssetsBOYAmt
Total Assets EOY$316,498,552TotalAssetsEOYAmt
Total Liabilities BOY$43,214,974TotalLiabilitiesBOYAmt
Total Liabilities EOY$44,045,040TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$247,067,532NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$272,453,512NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionNEW ENGLAND CONSERVATORY OF MUSIC (NEC) EDUCATES AND TRAINS MUSICIANS OF ALL AGES FROM AROUND THE WORLD.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$43,470,401ExpenseAmt
Grant$22,133,555GrantAmt
Revenue$48,845,013RevenueAmt
DescHIGHER EDUCATION: COLLEGE - MUSIC SCHOOL WITH PROGRAMS LEADING TO BACHELOR'S DEGREES, MASTER'S DEGREES, DOCTORAL DEGREES, AND DIPLOMAS. NEC'S ENROLLMENT IS COMPRISED OF APPROXIMATELY HALF UNDERGRADUATES AND HALF GRADUATE STUDENTS. (952 STUDENTS)Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$14,692,389ExpenseAmt
Grant$0GrantAmt
Revenue$5,821,931RevenueAmt
DescSTUDENT SERVICES PROGRAM, GENERAL/OTHER:RESIDENCE HALL/DINING - ALL FRESHMEN AND SOPHOMORES ARE HOUSED AND DINE IN THE NEC RESIDENCE HALL. THE CAFETERIA IS OPEN TO THE ENTIRE COMMUNITY. (230 STUDENTS)HEALTH SERVICES - ON-SITE STUDENT HEALTH CENTER PROVIDING ROUTINE AND URGENT CARE AND REFERRALS, STAFFED BY A PHYSICIAN AND NURSE PRACTITIONERS. SUPPORTED BY STUDENT MEDICAL FEES AND INSURANCE REIMBURSEMENTS.COUNSELING SERVICES - ON-SITE CENTER PROVIDING CONFIDENTIAL COUNSELING FOR STUDENTS, STAFFED BY A PSYCHIATRIST AND PROFESSIONAL COUNSELORS.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$8,821,289ExpenseAmt
Grant$750,308GrantAmt
Revenue$5,948,570RevenueAmt
DescPREPARATORY AND ADULT EDUCATION - MUSIC INSTRUCTION FOR CHILDREN AGES 0-18 AND ADULTS OFFERED YEAR-ROUND. NOT LEADING TO A SPECIFIC DEGREE, OFFERINGS INCLUDE PRIVATE LESSONS, ENSEMBLES, AND CLASSES. 6% FINANCIAL AID IS PROVIDED BASED ON NEED. (1,687 STUDENTS)Desc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp

FieldValueIRS element (for citing)
Expense$2,766,177ExpenseAmt
Revenue$1,308,162RevenueAmt
DescCONCERTS AND HALL RENTALS: OTHER PROGRAM SERVICES INCLUDE EXPENSES RELATED TO OVER 1,000 FREE NEC CONCERTS PERFORMED BY STUDENTS, FACULTY AND GUEST ARTISTS PER YEAR AND EXPENSES FOR CONCERTS AT NEC PERFORMED BY OUTSIDE ORGANIZATIONS. THESE OUTSIDE ORGANIZATIONS PAY NEC HALL RENTAL FEES AND OTHER ASSOCIATED RENTAL COSTS, SUCH AS SECURITY AND LIGHTING/TECHNICAL SERVICES, RELATED TO THEIR PERFORMANCES.Desc
FieldValueIRS element (for citing)
Total Other Prog Srvc Expense$2,766,177TotalOtherProgSrvcExpenseAmt
Total Other Prog Srvc Revenue$1,308,162TotalOtherProgSrvcRevenueAmt
Total Program Service Expenses$69,750,256TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of ArtYes (1)CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (1)DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other SecYes (1)ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School OperatingYes (1)SchoolOperatingInd
Foreign OfficeYes (1)ForeignOfficeInd
Foreign ActivitiesYes (1)ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising ActivitiesYes (1)FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt BondsYes (1)TaxExemptBondsInd
Invest Tax Exempt Bonds0InvestTaxExemptBondsInd
Escrow Account0EscrowAccountInd
On Behalf Of Issuer0OnBehalfOfIssuerInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash ContriYes (1)DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded EntityYes (1)DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl EntYes (1)RelatedOrganizationCtrlEntInd
Transaction With Control Ent0TransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document287IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee1393EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (1)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (1)Form990TFiledInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo ContributionsYes (1)QuidProQuoContributionsInd
Quid Pro Quo Contri DisclYes (1)QuidProQuoContriDisclInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members30GoverningBodyVotingMembersCnt
Independent Voting Member30IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn Body0Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldMAStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1KATHLEEN DONAHUE CONTROLLERBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone6175851725PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1290 HUNTINGTON AVENUEAddressLine1Txt
CityBOSTONCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02115ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (40 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerIndKey EmployeeKeyEmployeeIndHighest Compensated EmployeeHighestCompensatedEmployeeInd
ATHANASIOU NIKOLAOS
BOARD TRUSTEE2.000.00Yes (X)$0$0$0
BAILEY ALLISON S
BOARD TRUSTEE2.000.00Yes (X)$0$0$0
BARTLETT ANNE A
BOARD TRUSTEE2.000.00Yes (X)$0$0$0
BEAL ENID L
BOARD TRUSTEE2.000.00Yes (X)$0$0$0
BECTON HENRY
BOARD TRUSTEE2.000.00Yes (X)$0$0$0
BERMONT BECKY
BOARD TRUSTEE2.000.00Yes (X)$0$0$0
BURNES KENNETT
BOARD TRUSTEE2.000.00Yes (X)$0$0$0
CHEN MEI-ANN
BOARD TRUSTEE (ON LEAVE)2.000.00Yes (X)$0$0$0
ELFERS DEBORAH B
BOARD TRUSTEE2.000.00Yes (X)$0$0$0
ERLINGSSON UZOCHI N
BOARD TRUSTEE2.000.00Yes (X)$0$0$0
FULHAM TIMOTHY W
BOARD TRUSTEE2.000.00Yes (X)$0$0$0
GOLDENHEIM ANNA
BOARD TRUSTEE2.000.00Yes (X)$0$0$0
GRAVES JR EDWIN D
BOARD TRUSTEE2.000.00Yes (X)$0$0$0
GRAY ERIC A
BOARD TRUSTEE2.000.00Yes (X)$0$0$0
JONI SAJ-NICOLE A
BOARD TRUSTEE2.000.00Yes (X)$0$0$0
MCCASLIN KIMBERLY
BOARD TRUSTEE2.000.00Yes (X)$0$0$0
METCALFE MURRAY
BOARD TRUSTEE2.000.00Yes (X)$0$0$0
NICHOLS MARGARET H
BOARD TRUSTEE2.000.00Yes (X)$0$0$0
ROSIELLO ROBERT
BOARD TRUSTEE2.000.00Yes (X)$0$0$0
ROSS PETER
BOARD TRUSTEE2.000.00Yes (X)$0$0$0
RUBIN SALLY L
BOARD TRUSTEE2.000.00Yes (X)$0$0$0
SEKA PETER
BOARD TRUSTEE2.000.00Yes (X)$0$0$0
SMITH CHAD
BOARD TRUSTEE2.000.00Yes (X)$0$0$0
THONIS MICHAEL
BOARD TRUSTEE2.000.00Yes (X)$0$0$0
WILKINS THOMAS A
BOARD TRUSTEE2.000.00Yes (X)$0$0$0
WILMERDING FRANCES B
BOARD TRUSTEE2.000.00Yes (X)$0$0$0
BLUMENTHAL THOMAS W
CHAIR OF THE BOARD OF TRUSTEES2.000.00Yes (X)$0$0$0Yes (X)
GLAUBER BARBARA W
VICE CHAIR2.000.00Yes (X)$0$0$0Yes (X)
HENDRIX BLAIR E
VICE CHAIR2.000.00Yes (X)$0$0$0Yes (X)
LODER JOHN M
BOARD TRUSTEE, SECRETARY2.000.00Yes (X)$0$0$0Yes (X)
KALYN ANDREA
PRESIDENT40.000.00$469,636$0$103,874Yes (X)
BARNES EVELYN
CFO/TREASURER40.000.00$202,472$0$20,901Yes (X)
KELLY KATHLEEN
EXECUTIVE VICE PRESIDENT40.000.00$472,201$0$25,304Yes (X)
WOODS HEATHER
VP & CHIEF INFORMATION OFFICER40.000.00$241,128$0$48,279Yes (X)
BARTH COURTNEY
VP & CHIEF OF STAFF40.000.00$204,665$0$50,942Yes (X)
EAGLEN LYSON JANE
COLLEGE FACULTY40.000.00$238,370$0$43,403Yes (X)
WOLFF HUGH
COLLEGE FACULTY40.000.00$228,839$0$35,509Yes (X)
WEILERSTEIN DONALD
COLLEGE FACULTY40.000.00$226,687$0$22,322Yes (X)
SOSLAND BENJAMIN INTERIM
DEAN AND CHIEF ARTISTIC OFFICER40.000.00$218,438$0$13,634Yes (X)
KIM SOOVIN
COLLEGE FACULTY40.000.00$200,738$0$43,667Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$2,703,174TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$407,835TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K78IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
CLIFTONLARSONALLEN LLP
220 S 6TH STREET SUITE 300MINNEAPOLISMN55402ACCOUNTING & ADVISORY SERVICES$318,150
QUARTERDECK LLC
2 HOLLY LANEBARRINGTONRI02806WEBSITE DESIGN AND MAINTENANCE$247,887
RSM US LLP
5155 PAYSPERE CIRCLECHICAGOIL60674TAX & AUDIT SERVICES$171,732
MINTZ LEVIN COHN FERRIS GLOVSKY & P
ONE FINANCIAL CENTERBOSTONMA02111LEGAL SERVICES$141,987
OMNIA GLOBAL PARTNERS
4563 EDEN BAY DRIVEST AUGUSTINEFL32084PAYROLL CONSULTING SERVICES$132,735
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K9CntrctRcvdGreaterThan100KCnt
Fundraising$1,124,933FundraisingAmt
Government Grants$4,896,620GovernmentGrantsAmt
All Other Contributions$13,961,808AllOtherContributionsAmt
Noncash Contributions$7,659,598NoncashContributionsAmt
Total Contributions$19,983,361TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (5 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
TUITION AND ACADEMIC F611710$51,812,130$51,812,130
ROOM AND BOARD721310$5,220,979$5,220,979
STUDENT HEALTH INSURAN524114$1,658,020$1,658,020
HALL RENTALS532000$999,044$999,044
NON-ACADEMIC FEES611710$928,348$928,348

Total Oth Program Service Rev TotalOthProgramServiceRevGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,305,155TotalRevenueColumnAmt
Related Or Exempt Func Income$1,305,155RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$61,923,676TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,874,560TotalRevenueColumnAmt
Unrelated Business Revenue-$176,002UnrelatedBusinessRevenueAmt
Exclusion$2,050,562ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$2,035RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$0RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$2,035RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,035TotalRevenueColumnAmt
Exclusion$2,035ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$61,966,730SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$55,463,086SecuritiesAmt
Other$15,206OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$6,503,644SecuritiesAmt
Other-$15,206OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$6,488,438TotalRevenueColumnAmt
Unrelated Business Revenue$182,148UnrelatedBusinessRevenueAmt
Exclusion$6,306,290ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$65,481FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$1,124,933ContriRptFundraisingEventAmt
Fundraising Direct Expenses$236,277FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column-$170,796TotalRevenueColumnAmt
Exclusion-$170,796ExclusionAmt
FieldValueIRS element (for citing)
Gross Sales Of Inventory$9,983GrossSalesOfInventoryAmt
Cost Of Goods Sold$0CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$9,983TotalRevenueColumnAmt
Exclusion$9,983ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtExclusionExclusionAmt
LAUNDRY FEE COMMISSION900099$8,983$8,983
OTHER SPECIAL EVENTS900099$7,521$7,521
PUBLICATIONS900099$4,405$4,405

Miscellaneous Revenue MiscellaneousRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$49,888TotalRevenueColumnAmt
Exclusion$49,888ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$70,797OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$90,182,054TotalRevenueColumnAmt
Related Or Exempt Func Income$61,923,676RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$6,146UnrelatedBusinessRevenueAmt
Exclusion$8,268,871ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$22,883,863TotalAmt
Program Services$22,883,863ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$1,775,798TotalAmt
Management And General$1,278,293ManagementAndGeneralAmt
Fundraising$497,505FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$29,899,189TotalAmt
Program Services$25,050,384ProgramServicesAmt
Management And General$3,472,350ManagementAndGeneralAmt
Fundraising$1,376,455FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$1,011,533TotalAmt
Program Services$799,978ProgramServicesAmt
Management And General$151,711ManagementAndGeneralAmt
Fundraising$59,844FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$3,527,920TotalAmt
Program Services$2,749,856ProgramServicesAmt
Management And General$552,464ManagementAndGeneralAmt
Fundraising$225,600FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$2,163,704TotalAmt
Program Services$1,711,181ProgramServicesAmt
Management And General$324,514ManagementAndGeneralAmt
Fundraising$128,009FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$312,947TotalAmt
Program Services$11,235ProgramServicesAmt
Management And General$293,596ManagementAndGeneralAmt
Fundraising$8,116FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$168,411TotalAmt
Management And General$168,411ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$621,059TotalAmt
Management And General$621,059ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$3,619,966TotalAmt
Program Services$1,388,122ProgramServicesAmt
Management And General$2,102,127ManagementAndGeneralAmt
Fundraising$129,717FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$516,370TotalAmt
Program Services$151,494ProgramServicesAmt
Management And General$65,250ManagementAndGeneralAmt
Fundraising$299,626FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$2,042,826TotalAmt
Program Services$1,906,105ProgramServicesAmt
Management And General$126,977ManagementAndGeneralAmt
Fundraising$9,744FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$112,089TotalAmt
Program Services$51,406ProgramServicesAmt
Management And General$60,683ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$3,971,560TotalAmt
Program Services$3,112,339ProgramServicesAmt
Management And General$851,372ManagementAndGeneralAmt
Fundraising$7,849FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$706,471TotalAmt
Program Services$358,625ProgramServicesAmt
Management And General$167,269ManagementAndGeneralAmt
Fundraising$180,577FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$158,314TotalAmt
Program Services$51,910ProgramServicesAmt
Management And General$47,063ManagementAndGeneralAmt
Fundraising$59,341FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$1,012,440TotalAmt
Program Services$985,664ProgramServicesAmt
Management And General$24,282ManagementAndGeneralAmt
Fundraising$2,494FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$6,436,680TotalAmt
Program Services$5,789,313ProgramServicesAmt
Management And General$611,619ManagementAndGeneralAmt
Fundraising$35,748FundraisingAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
STUDENT HEALTH & FOOD$3,580,976$1,686,109$1,894,867
PAYROLL PROCESSING$163,407$163,407
BAD DEBT$71,669$71,669
ATTRITION IN ENVIRONMEN$43,858$43,858

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$1,500,587TotalAmt
Program Services$991,003ProgramServicesAmt
Management And General$447,270ManagementAndGeneralAmt
Fundraising$62,314FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$86,301,637TotalAmt
Program Services$69,750,256ProgramServicesAmt
Management And General$13,468,442ManagementAndGeneralAmt
Fundraising$3,082,939FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$1,025,985BOYAmt
EOY$4,737,739EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$22,097,424BOYAmt
EOY$14,835,351EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$954,354BOYAmt
EOY$11,371,176EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$1,218,454BOYAmt
EOY$671,458EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$312,172BOYAmt
EOY$255,053EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$165,273,051LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$78,137,957LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$96,504,430BOYAmt
EOY$87,135,094EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$20,192,399BOYAmt
EOY$25,724,928EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$144,295,282BOYAmt
EOY$169,443,084EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$3,682,006BOYAmt
EOY$2,324,669EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$290,282,506BOYAmt
EOY$316,498,552EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$3,746,513BOYAmt
EOY$6,572,639EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$1,299,188BOYAmt
EOY$1,624,534EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$28,780,104BOYAmt
EOY$27,425,765EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$6,807,675BOYAmt
EOY$6,202,610EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$2,581,494BOYAmt
EOY$2,219,492EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$43,214,974BOYAmt
EOY$44,045,040EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$68,870,288BOYAmt
EOY$75,057,222EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$178,197,244BOYAmt
EOY$197,396,290EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$247,067,532BOYAmt
EOY$272,453,512EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$290,282,506BOYAmt
EOY$316,498,552EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$3,880,417ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$21,484,005NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$21,558OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit RequiredYes (1)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (1)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$6,176,167CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$11,070,325CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$34,615,417CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$20,702,255CurrentTaxYearMinus1YearAmt
Current Tax Year$20,148,436CurrentTaxYearAmt
Total$92,712,600TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$6,176,167CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$11,070,325CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$34,615,417CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$20,702,255CurrentTaxYearMinus1YearAmt
Current Tax Year$20,148,436CurrentTaxYearAmt
Total$92,712,600TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$32,562,925SubstantialContributorsTotAmt
Public Support Total170$60,149,675PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$71,189CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years-$140,382CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$743,746CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,252,698CurrentTaxYearMinus1YearAmt
Current Tax Year$2,052,597CurrentTaxYearAmt
Total$3,979,848TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$39,531CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$281,845CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$60,438CurrentTaxYearMinus2YearsAmt
Total$381,814TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$201,495CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$579,211CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$307,146CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$132,366CurrentTaxYearMinus1YearAmt
Current Tax Year$146,261CurrentTaxYearAmt
Total$1,366,479TotalAmt
FieldValueIRS element (for citing)
Total Support$98,440,741TotalSupportAmt
Gross Receipts Rltd Activities$262,815,380GrossReceiptsRltdActivitiesAmt
Public Support CY1700.61100PublicSupportCY170Pct
Public Support PY1700.61530PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE A, PART 1:FormAndLineReferenceDesc
ExplanationNEC IS BROADLY SUPPORTED IN NATURE AND IS DEEMED TO MEET THE 33 1/3% SUPPORT PUBLIC SUPPORT TEST UNDER CURRENT GUIDANCE. SINCE NEC USES THE SPECIAL RULE BASED ON MEETING THE 33 1/3% SUPPORT TEST ON SCHEDULE B, NEC IS REQUIRED TO DISCLOSE THE PART II, SUPPORT SCHEDULE FOR ORGANIZATIONS DESCRIBED IN SECTIONS 170(B)(1)(A)(IV) AND 170(B)(1)(A)(VI).ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Collection Used Pub ExhibitionYes (X)CollectionUsedPubExhibitionInd
Coll Used Scholarly RsrchYes (X)CollUsedScholarlyRsrchInd
Collection Used PreservationYes (X)CollectionUsedPreservationInd
Coll Used Loan Or Exch ProgYes (X)CollUsedLoanOrExchProgInd
Solicited Assets SaleYes (1)SolicitedAssetsSaleInd

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$164,487,681BeginningYearBalanceAmt
Contributions$14,195,847ContributionsAmt
Investment Earnings Or Losses$23,972,484InvestmentEarningsOrLossesAmt
Grants Or Scholarships$3,741,240GrantsOrScholarshipsAmt
Other Expenditures$3,746,760OtherExpendituresAmt
End Year Balance$195,168,012EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$150,989,507BeginningYearBalanceAmt
Contributions$4,136,504ContributionsAmt
Investment Earnings Or Losses$16,415,312InvestmentEarningsOrLossesAmt
Grants Or Scholarships$3,190,091GrantsOrScholarshipsAmt
Other Expenditures$3,863,551OtherExpendituresAmt
End Year Balance$164,487,681EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$138,423,418BeginningYearBalanceAmt
Contributions$13,672,533ContributionsAmt
Investment Earnings Or Losses$5,327,245InvestmentEarningsOrLossesAmt
Grants Or Scholarships$2,967,807GrantsOrScholarshipsAmt
Other Expenditures$3,229,193OtherExpendituresAmt
Administrative Expenses$236,689AdministrativeExpensesAmt
End Year Balance$150,989,507EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$154,798,642BeginningYearBalanceAmt
Contributions$573,343ContributionsAmt
Investment Earnings Or Losses-$10,914,345InvestmentEarningsOrLossesAmt
Grants Or Scholarships$2,906,578GrantsOrScholarshipsAmt
Other Expenditures$2,845,144OtherExpendituresAmt
Administrative Expenses$282,500AdministrativeExpensesAmt
End Year Balance$138,423,418EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$119,213,753BeginningYearBalanceAmt
Contributions$822,528ContributionsAmt
Investment Earnings Or Losses$40,587,444InvestmentEarningsOrLossesAmt
Grants Or Scholarships$2,805,870GrantsOrScholarshipsAmt
Other Expenditures$2,755,796OtherExpendituresAmt
Administrative Expenses$263,417AdministrativeExpensesAmt
End Year Balance$154,798,642EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.12000BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.85000PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.03000TermEndowmentBalanceEOYPct
Endowments Held Unrelated Org0EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,269,497OtherCostOrOtherBasisAmt
Book Value$1,269,497BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$138,738,648OtherCostOrOtherBasisAmt
Depreciation$62,302,474DepreciationAmt
Book Value$76,436,174BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$23,566,086OtherCostOrOtherBasisAmt
Depreciation$15,835,483DepreciationAmt
Book Value$7,730,603BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,698,820OtherCostOrOtherBasisAmt
Book Value$1,698,820BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$87,135,094TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp

FieldValueIRS element (for citing)
DescALTERNATIVE INVESTMENT STRATEGIESDesc
Book Value$169,443,084BookValueAmt
Method ValuationFMethodValuationCd
FieldValueIRS element (for citing)
Total Book Value Securities$169,443,084TotalBookValueSecuritiesAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)

DescDescAmtAmt
PERKINS LOAN REFUNDABLE ADVANCES$1,256,053
PLANNED GIVING LIABILITY$433,785
FINANCE LEASE LIABILITY$529,654
FieldValueIRS element (for citing)
Total Liability$2,219,492TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$88,375,114TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$21,484,005NetUnrealizedGainsInvstAmt
Other Revenue-$23,527,222OtherRevenueAmt
Revenue Not Reported-$2,043,217RevenueNotReportedAmt
Revenue Subtotal$90,418,331RevenueSubtotalAmt
Other Revenues Not Included-$236,277OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt-$236,277RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$90,182,054TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$62,989,134TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$236,277OtherExpensesIncludedAmt
Expenses Not Reported$236,277ExpensesNotReportedAmt
Expenses Subtotal$62,752,857ExpensesSubtotalAmt
Investment Expenses Not Incld2$621,059InvestmentExpensesNotIncld2Amt
Other Expenses Not Included$22,927,721OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$23,548,780ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$86,301,637TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART III, LINE 1A: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. PROCEEDS FROM DEACCESSIONS OR INSURANCE RECOVERIES ARE REFLECTED AS INCREASES IN THE APPROPRIATE NET ASSET CLASS.
PART III, LINE 4:NEC'S HISTORICAL INSTRUMENTS ARE EXHIBITED AS ART OBJECTS ON CAMPUS. 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 V, LINE 4:ENDOWMENT REVENUE IS USED TO SUPPORT PROGRAM-RELATED ACTIVITIES.
PART X, LINE 2:THE CONSERVATORY RECOGNIZES THE FINANCIAL STATEMENT BENEFIT OF A TAX POSITION ONLY AFTER DETERMINING THAT THE RELEVANT TAX AUTHORITY WOULD MORE LIKELY THAN NOT SUSTAIN THE POSITION FOLLOWING AN AUDIT. TAX POSITIONS FOR THE OPEN TAX YEARS AS OF JUNE 30, 2025, WERE REVIEWED, AND IT WAS DETERMINED THAT NO PROVISION FOR UNCERTAIN TAX POSITIONS WAS REQUIRED AS OF JUNE 30, 2025 OR 2024. MANAGEMENT BELIEVES THAT THE CONSERVATORY'S FEDERAL AND STATE RETURNS ARE GENERALLY OPEN FOR EXAMINATION FOR THREE YEARS FOLLOWING THE DATE FILED.
PART XI, LINE 2D - OTHER ADJUSTMENTS:CHANGE IN VALUE OF PLANNED GIVING NET ASSETS 21,558. ATTRITION IN ENVIRONMENTAL LIABILITY -43,858. TUITION & DORM SCHOLARSHIP -22,883,863. INVESTMENT MANAGEMENT FEES INCLUDED IN INVESTMENT RETURNS -621,059.
PART XI, LINE 4B - OTHER ADJUSTMENTS:FUNDRAISING EVENTS EXPENSES REPORTED ON FORM 990, PART VIII, LINE 8B -236,277.
PART XII, LINE 2D - OTHER ADJUSTMENTS:FUNDRAISING EVENTS EXPENSES REPORTED ON FORM 990, PART VIII, LINE 8B 236,277.
PART XII, LINE 4B - OTHER ADJUSTMENTS:TUITION & DORM SCHOLARSHIP 22,883,863. ATTRITION IN ENVIRONMENTAL LIABILITY 43,858.

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (1)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (1)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (1)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (1)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (1)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (1)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (1)MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts0DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy0DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty0DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs0DiscriminateRaceSchsInd
Discriminate Race Educ Plcy0DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts0DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog0DiscriminateRaceAthltProgInd
Discriminate Race Other Acty0DiscriminateRaceOtherActyInd
Government Financial Aid RcvdYes (1)GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd0GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (1)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE E, PART I, LINE 3NEC INCLUDES ITS NONDISCRIMINATION POLICY IN BROCHURES, CATALOGUES, AND COMPARABLE MATERIALS RELATED TO STUDENT ADMISSIONS, PROGRAMS, AND SCHOLARSHIPS TO COMPLY WITH THE PUBLICITY REQUIREMENT. NEC STUDENTS COME FROM AROUND THE WORLD, AND, AS SUCH, FOLLOWS THIS NONDISCRIMINATION POLICY.
SCHEDULE E, PART I, LINE 6US DEPARTMENT OF EDUCATION STUDENT GRANTS AND LOANS $6,110,711, COLLEGE WORK STUDY PROGRAM $287,786, MASSACHUSETTS CULTURAL COUNCIL $127,000, FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT $121,997

Schedule F IRS990ScheduleF

Account Activities Outside US AccountActivitiesOutsideUSGrp (5 entries)

RegionRegionTxtOfficesOfficesCntEmployeeEmployeeCntType Of Activities ConductedTypeOfActivitiesConductedTxtSpecific Services ProvidedSpecificServicesProvidedTxtRegion Total ExpendituresRegionTotalExpendituresAmt
CENTRAL AMERICA AND THE CARIBBEAN00PROGRAM SERVICESACADEMIC ACTIVITIES$13,670
NORTH AMERICA01PROGRAM SERVICESACADEMIC ACTIVITIES$104,845
EUROPE (INCLUDING ICELAND & GREENLAND01PROGRAM SERVICESACADEMIC ACTIVITIES$233,723
CENTRAL AMERICA AND THE CARIBBEAN00INVESTMENTS$42,253,052
EAST ASIA AND THE PACIFIC02FUNDRAISING$45,233
FieldValueIRS element (for citing)
Subtotal Offices0SubtotalOfficesCnt
Subtotal Employees4SubtotalEmployeesCnt
Continuation Total Office0ContinuationTotalOfficeCnt
Continuation Total Employee0ContinuationTotalEmployeeCnt
Total Office0TotalOfficeCnt
Total Employee4TotalEmployeeCnt
Subtotal Spent$42,650,523SubtotalSpentAmt
Continuation Spent$0ContinuationSpentAmt
Total Spent$42,650,523TotalSpentAmt
Transfer To Foreign CorpYes (1)TransferToForeignCorpInd
Interest In Foreign Trust0InterestInForeignTrustInd
Foreign Corp OwnershipYes (1)ForeignCorpOwnershipInd
Passive Foreign Investmest CoYes (1)PassiveForeignInvestmestCoInd
Foreign PartnershipYes (1)ForeignPartnershipInd
Boycott Countries0BoycottCountriesInd

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1GALAEvent1Nm
Gross Receipts Event1$1,190,414GrossReceiptsEvent1Amt
Charitable Contri Event1$1,124,933CharitableContriEvent1Amt
Gross Revenue Event1$65,481GrossRevenueEvent1Amt
Food And Beverage Event1$102,387FoodAndBeverageEvent1Amt
Entertainment Event1$74,531EntertainmentEvent1Amt
Other Direct Expenses Event1$59,359OtherDirectExpensesEvent1Amt
Gross Receipts Total$1,190,414GrossReceiptsTotalAmt
Charitable Contributions Tot$1,124,933CharitableContributionsTotAmt
Gross Revenue Total Events$65,481GrossRevenueTotalEventsAmt
Food And Beverage Total Events$102,387FoodAndBeverageTotalEventsAmt
Entertainment Total Events$74,531EntertainmentTotalEventsAmt
Oth Direct Expnss Total Events$59,359OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$236,277DirectExpenseSummaryEventsAmt
Net Income Summary-$170,796NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeSCHOLARSHIP AND OTHER FINANCIAL AIDGrantTypeTxt
Recipient942RecipientCnt
Cash Grant$22,883,863CashGrantAmt
Non Cash Assistance$0NonCashAssistanceAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationTHE 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 TITLE 2 U.S. CODE OF FEDERAL REGULATIONS (CFR) PART 200. 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 CHARGES. 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.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Housing Allowance Or ResidenceYes (X)HousingAllowanceOrResidenceInd
Written Policy Ref T And E ExpnssYes (1)WrittenPolicyRefTAndEExpnssInd
Substantiation Required0SubstantiationRequiredInd
Form990 Of Other OrganizationsYes (X)Form990OfOtherOrganizationsInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsYes (1)AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (10 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
KALYN ANDREA
PRESIDENT$468,844$0$0$0$792$0$22,634$0$81,240$0$573,510$0$0$0
KELLY KATHLEEN
EXECUTIVE VICE PRESIDENT$446,914$0$25,000$0$287$0$19,077$0$6,227$0$497,505$0$0$0
WOODS HEATHER
VP & CHIEF INFORMATION OFFICER$240,948$0$0$0$180$0$11,538$0$36,741$0$289,407$0$0$0
EAGLEN LYSON JANE
COLLEGE FACULTY$227,578$0$0$0$10,792$0$10,989$0$32,414$0$281,773$0$0$0
WOLFF HUGH
COLLEGE FACULTY$226,960$0$0$0$1,879$0$9,687$0$25,822$0$264,348$0$0$0
BARTH COURTNEY
VP & CHIEF OF STAFF$204,169$0$0$0$496$0$9,952$0$40,990$0$255,607$0$0$0
WEILERSTEIN DONALD
COLLEGE FACULTY$226,069$0$0$0$618$0$10,043$0$12,279$0$249,009$0$0$0
KIM SOOVIN
COLLEGE FACULTY$188,058$0$2,500$0$10,180$0$9,181$0$34,486$0$244,405$0$0$0
SOSLAND BENJAMIN INTERIM
DEAN AND CHIEF ARTISTIC OFFICER$218,171$0$0$0$267$0$8,906$0$4,728$0$232,072$0$0$0
BARNES EVELYN
CFO/TREASURER$201,475$0$0$0$997$0$10,298$0$10,603$0$223,373$0$0$0

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART I, LINE 1AA $63,605 HOUSING BENEFIT WAS PROVIDED TO PRESIDENT, ANDREA KALYN. A $10,000 ANNUAL HOUSING ALLOWANCE WAS PROVIDED TO FACULTY MEMBER, JANE LYSON. A $10,000 ANNUAL HOUSING ALLOWANCE WAS PROVIDED TO FACULTY MEMBER, SOOVIN KIM. THE HOUSING ALLOWANCES WERE REPORTED AS TAXABLE COMPENSATION.
PART I, LINE 7KATHLEEN KELLY'S BONUS IS CONTINGENT ON MEETING CERTAIN GOALS AS DETERMINED BY THE BOARD OF TRUSTEES. SOOVIN KIM RECIEVED A ONE TIME BONUS IN LIEU OF IMPLEMENTING BASE SALARY INCREASES.

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (2 entries)

Bond ReferenceBondReferenceCdBond Issuer EINBondIssuerEINBond IssuedBondIssuedDtIssue PriceIssuePriceAmtPurposePurposeDescDefeasedDefeasedIndOn Behalf Of IssuerOnBehalfOfIssuerIndPool FinancingPoolFinancingInd
MASS DEVELOPMENT FINANCE AGENCY
A0434318142014-06-30$23,685,000REFUNDING SERIES 2008 BONDS000
MASS DEVELOPMENT FINANCE AGENCY
B0434318142015-11-17$16,050,000CAPITAL EXPENDITURES000

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (2 entries)

Bond ReferenceBondReferenceCdRetiredRetiredAmtTotal ProceedsTotalProceedsAmtRefunding EscrowRefundingEscrowAmtIssuance Costs From ProceedsIssuanceCostsFromProceedsAmtRefunding Tax Exempt BondsRefundingTaxExemptBondsIndRefunding Taxable BondsRefundingTaxableBondsIndFinal Allocation MadeFinalAllocationMadeIndAdequate Books And Rec MaintAdequateBooksAndRecMaintIndCapitalized InterestCapitalizedInterestAmtCapital ExpendituresCapitalExpendituresAmtOther Spent ProceedsOtherSpentProceedsAmtSubstantial CompletionSubstantialCompletionYr
A$8,570,000$23,685,000$23,389,001$295,999Yes (1)Yes (1)Yes (1)Yes (1)
B$3,401,649$16,050,000$285,79400Yes (1)Yes (1)$699,869$15,024,817$39,5202017

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (2 entries)

Bond ReferenceBondReferenceCdOwning Bond Financed PropertyOwningBondFinancedPropertyIndAny Lease ArrangementsAnyLeaseArrangementsIndMgmt Contract Bond Fincd PropMgmtContractBondFincdPropIndAny Research AgreementsAnyResearchAgreementsIndPrivate Bus Use By OthersPrivateBusUseByOthersPctPrivate Bus Concerning UBIPrivateBusConcerningUBIPctTotal Private Business UseTotalPrivateBusinessUsePctBond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestIndChange In Use Bond Financed PropChangeInUseBondFinancedPropIndChange In Use Bond Financed PropChangeInUseBondFinancedPropPctRemedial Action TakenRemedialActionTakenIndProcs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd
A00000.000000.000000.000000Yes (1)0.11540Yes (1)Yes (1)
B00000.000000.000000.0000000Yes (1)

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (2 entries)

Bond ReferenceBondReferenceCdForm8038 T FiledForm8038TFiledIndRebate Not Due YetRebateNotDueYetIndException To RebateExceptionToRebateIndNo Rebate DueNoRebateDueIndVariable Rate IssueVariableRateIssueIndHedge Identified In Bks And RecHedgeIdentifiedInBksAndRecIndGross Proceeds Invested In GICGrossProceedsInvestedInGICIndGross Proceeds InvestedGrossProceedsInvestedIndWritten Proc To Monitor ReqsWrittenProcToMonitorReqsInd
A0Yes (1)000000Yes (1)
B0Yes (1)000000Yes (1)

Procedures Corrective Action ProceduresCorrectiveActionGrp (2 entries)

Bond ReferenceBondReferenceCdProcedures Corrective ActionProceduresCorrectiveActionInd
AYes (1)
BYes (1)

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART III, LINE 8:FormAndLineReferenceDesc
ExplanationON MARCH 9, 2016, $2,595,000 OF THE SERIES 2014 BONDS WERE REMEDIATED IN CONNECTION WITH THE SALE OF 295 HUNTINGTON AVENUE (THE REMEDIATED BONDS). THE REMEDIATED BONDS WERE REPURPOSED TO FUND THE STUDENT LIFE AND PERFORMANCE CENTER PROJECT. ALL OTHER TERMS OF THE REMEDIATED BONDS REMAIN THE SAME AS THOSE FOR THE SERIES 2014 BONDS. THE SERIES 2014 BONDS AND THE SERIES 2015 BONDS (THE BONDS) BEAR INTEREST AT A FIXED RATE OF 2.34%. PRINCIPAL AND INTEREST ON THE BONDS IS PAYABLE MONTHLY.ExplanationTxt

Schedule M IRS990ScheduleM

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution63ContributionCnt
Noncash Contributions Rpt F990$7,620,098NoncashContributionsRptF990Amt
Method Of Determining RevenuesFMVMethodOfDeterminingRevenuesTxt

Other Non Cash Contri Table OtherNonCashContriTableGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
DescINSTRUMENTSDesc
Contribution4ContributionCnt
Noncash Contributions Rpt F990$39,500NoncashContributionsRptF990Amt
Method Of Determining RevenuesFMVMethodOfDeterminingRevenuesTxt
FieldValueIRS element (for citing)
Form8283 Received3Form8283ReceivedCnt
Any Property That Must Be Held0AnyPropertyThatMustBeHeldInd
Review Process Unusual NC GiftsYes (1)ReviewProcessUnusualNCGiftsInd
Third Parties UsedYes (1)ThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART I, COLUMN (B):NEC IS REPORTING A COMBINATION OF BOTH THE NUMBER OF CONTRIBUTIONS AND THE NUMBER OF ITEMS RECEIVED. LINE 9, SECURITIES PUBLICLY TRADED: THE NUMBER OF CONTRIBUTIONS ARE REPORTED. LINE 25, INSTRUMENTS: THE NUMBER OF ITEMS ARE REPORTED.
PART I, LINE 32B: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. HOWEVER, NO VEHICLE DONATIONS WERE RECEIVED IN THE CURRENT TAX YEAR.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11BNEC'S BOARD OF TRUSTEES VOTED TO DELEGATE REVIEW AND APPROVAL OF THE FORM 990 TO THE AUDIT, RISK, AND COMPLIANCE COMMITTEE. THE COMMITTEE RECEIVES A COPY OF THE DRAFT FORM 990 (WITH NAMES REDACTED ON SCHEDULE B) PRIOR TO THE MEETING DURING WHICH THEY REVIEW THE FORM 990. AT THE MEETING, MEMBERS OF THE COMMITTEE RECEIVE A PRESENTATION ON THE FORM 990 FROM MANAGEMENT AND PROVIDE INPUT TO THE FORM 990. IN ADDITION, NEC HAS TAX ADVISORS FROM A NATIONAL ACCOUNTING FIRM REVIEW THE FORM 990. A FINAL COPY OF THE FORM 990 (WITHOUT SCHEDULE B) IS PROVIDED TO ALL TRUSTEES PRIOR TO ELECTRONICALLY FILING THE RETURN.
FORM 990, PART VI, SECTION B, LINE 12CTHE CONFLICT OF INTEREST POLICY AND DISCLOSURE STATEMENT IS DISTRIBUTED TO OFFICERS, TRUSTEES AND KEY EMPLOYEES ANNUALLY. ALL OF THESE INDIVIDUALS ARE ASKED TO COMPLETE THE STATEMENT FOR THE PAST FISCAL YEAR AND DISCLOSE ANY CONFLICTS OF INTEREST IN WRITING. 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 CFO AS WELL AS THE AUDIT, RISK, AND COMPLIANCE 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, SECTION B, LINE 15OFFICER AND KEY EMPLOYEE COMPENSATION IS REVIEWED BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES, WHICH HIRES AN INDEPENDENT COMPENSATION CONSULTANT PERIODICALLY 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.
FORM 990, PART VI, SECTION C, LINE 19NEC'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND PUBLIC DISCLOSURE COPY OF THE FORM 990 ARE AVAILABLE TO THE PUBLIC UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). NEC'S FINANCIAL STATEMENTS ARE AVAILABLE ON THE INSTITUTION'S WEBSITE.
FORM 990, PART XI, LINE 9:CHANGE IN VALUE OF PLANNED GIVING NET ASSETS 21,558.

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1MEASURE FOR MEASURE LLCBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line11209 ORANGE STREETAddressLine1Txt
CityWILMINGTONCityNm
State AbbreviationDEStateAbbreviationCd
ZIP19801ZIPCd
FieldValueIRS element (for citing)
EIN237325104EIN
Primary ActivitiesTO ACQUIRE & SELL DONATED ASSETS ON BEHALF OF NEC.PrimaryActivitiesTxt
Legal Domicile StateDELegalDomicileStateCd
Total Income$0TotalIncomeAmt
End Of Year Assets$0EndOfYearAssetsAmt

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1NEW ENGLAND CONSERVATORY OF MUSICBusinessNameLine1Txt

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (3 entries)

Primary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtControlled OrganizationControlledOrganizationInd
CHARITABLE LEAD ANNUITY (1)
INVESTMENTMANEW ENGLAND CONSERVATORY OF MUSICYes (1)
GIFT ANNUITIES (31)
INVESTMENTMANEW ENGLAND CONSERVATORY OF MUSICYes (1)
CHARITABLE REMAINDER TRUSTS (5)
INVESTMENTMANEW ENGLAND CONSERVATORY OF MUSICYes (1)
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other OrgYes (1)TransferFromOtherOrgInd