NEW ENGLAND CONSERVATORY OF MUSIC: Form 990, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- NEW ENGLAND CONSERVATORY OF MUSIC (EIN 23-7225104)
- Tax period
- 2021-07-01 to 2022-06-30
- Filed
- 2023-05-13
- IRS object ID
- 202311339349300226
- Schema version
- 2021v4.2
- 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 M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-05-13T16:06:04-05:00 | ReturnTs |
| Tax Period End | 2022-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 420714325 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RSM US LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 80 CITY SQUARE | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02129 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2021-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 237225104 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NEW ENGLAND CONSERVATORY OF MUSIC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | NEWE | BusinessNameControlTxt |
| Phone | 6175851725 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 290 HUNTINGTON AVENUE | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02115 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ANDREA KALYN | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 6175851725 | PhoneNum |
| Signature | 2023-05-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | ANDREA | PersonFirstNm |
| Person Last | KALYN | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | XXX-XX-XXXX | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | LYNNE JOHNSON | PreparerPersonNm |
| PTIN | P00757336 | PTIN |
| Phone | 6179129000 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | ANDREA KALYN | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 290 HUNTINGTON AVENUE | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02115 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $320,754,038 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.NECMUSIC.EDU | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1867 | FormationYr |
| Legal Domicile State | MA | LegalDomicileStateCd |
| Activity Or Mission | NEW ENGLAND CONSERVATORY OF MUSIC (NEC) EDUCATES AND TRAINS MUSICIANS OF ALL AGES FROM AROUND THE WORLD. | ActivityOrMissionDesc |
| Voting Members Governing Body | 22 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 22 | VotingMembersIndependentCnt |
| Total Employee | 1199 | TotalEmployeeCnt |
| Total Volunteers | 117 | TotalVolunteersCnt |
| Total Gross UBI | $337,066 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $257,673 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $6,176,167 | PYContributionsGrantsAmt |
| CY Contributions Grants | $11,070,325 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $39,956,442 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $52,309,881 | CYProgramServiceRevenueAmt |
| PY Investment Income | $5,399,364 | PYInvestmentIncomeAmt |
| CY Investment Income | $48,431,700 | CYInvestmentIncomeAmt |
| PY Other Revenue | $57,086 | PYOtherRevenueAmt |
| CY Other Revenue | $390,817 | CYOtherRevenueAmt |
| PY Total Revenue | $51,589,059 | PYTotalRevenueAmt |
| CY Total Revenue | $112,202,723 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $15,952,529 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $18,692,046 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $29,176,408 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $31,331,550 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $4,500 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $2,275,719 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $19,092,825 | PYOtherExpensesAmt |
| CY Other Expenses | $21,084,251 | CYOtherExpensesAmt |
| PY Total Expenses | $64,221,762 | PYTotalExpensesAmt |
| CY Total Expenses | $71,112,347 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$12,632,703 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $41,090,376 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $281,873,511 | TotalAssetsBOYAmt |
| Total Assets EOY | $261,178,861 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $48,102,655 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $45,775,326 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $233,770,856 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $215,403,535 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | NEW ENGLAND CONSERVATORY OF MUSIC (NEC) EDUCATES AND TRAINS MUSICIANS OF ALL AGES FROM AROUND THE WORLD. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $41,291,223 | ExpenseAmt |
| Grant | $18,019,266 | GrantAmt |
| Revenue | $42,247,960 | RevenueAmt |
| Desc | HIGHER 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. (807 STUDENTS) | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $10,010,212 | ExpenseAmt |
| Revenue | $4,856,918 | RevenueAmt |
| Desc | STUDENT 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $6,211,175 | ExpenseAmt |
| Grant | $672,780 | GrantAmt |
| Revenue | $4,820,190 | RevenueAmt |
| Desc | PREPARATORY AND CONTINUING EDUCATION PROGRAMS: SCHOOL OF PREPARATORY AND CONTINUING EDUCATION - MUSIC INSTRUCTION FOR CHILDREN AGES 4-18 AND ADULTS NOT LEADING TO A SPECIFIC DEGREE. PRIVATE STUDIO LESSONS ARE OFFERED AS WELL AS ENSEMBLES AND CLASSES. 6.14% FINANCIAL AID IS PROVIDED BASED PRIMARILY ON NEED. (1,475 STUDENTS) | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $2,359,447 | ExpenseAmt |
| Revenue | $384,813 | RevenueAmt |
| Desc | CONCERTS 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 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $2,359,447 | TotalOtherProgSrvcExpenseAmt |
| Total Other Prog Srvc Revenue | $384,813 | TotalOtherProgSrvcRevenueAmt |
| Total Program Service Expenses | $59,872,057 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | Yes (1) | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | Yes (1) | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | 0 | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 188 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 1199 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 22 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 22 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | 0 | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | MA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RICHARD BOWMAN CONTROLLER | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6175851725 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 290 HUNTINGTON AVENUE | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02115 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (33 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd |
|---|---|---|---|---|---|---|---|---|---|---|
| ATHANASIOU NIKOLAOS | ||||||||||
| BOARD TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| BAILEY ALLISON | ||||||||||
| BOARD TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| BARTLETT ANNE A | ||||||||||
| BOARD TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| BEAL ENID L | ||||||||||
| BOARD TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| BECTON HENRY | ||||||||||
| BOARD TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| BURNES KENNETT F | ||||||||||
| BOARD TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| CHEN MEI-ANN | ||||||||||
| BOARD TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| ELFERS DEBORAH B | ||||||||||
| BOARD TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| FULHAM TIMOTHY W | ||||||||||
| BOARD TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| GRAVES JR EDWIN D | ||||||||||
| BOARD TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| GRAY ERIC A | ||||||||||
| BOARD TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| NICHOLS MARGARET | ||||||||||
| BOARD TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| PREVOST PATRICK M | ||||||||||
| BOARD TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| RUBIN SALLY L | ||||||||||
| BOARD TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| SMITH CHAD | ||||||||||
| BOARD TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| THONIS MICHAEL | ||||||||||
| BOARD TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| WILKINS THOMAS | ||||||||||
| BOARD TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| WILMERDING FRANCES B | ||||||||||
| BOARD TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| BLUMENTHAL THOMAS W | ||||||||||
| CHAIR OF THE BOARD OF TRUSTEES | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |||
| GLAUBER BARBARA W | ||||||||||
| VICE CHAIR | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |||
| HENDRIX BLAIR E | ||||||||||
| VICE CHAIR & TREASURER | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |||
| LODER JOHN M | ||||||||||
| BOARD TRUSTEE, SECRETARY | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |||
| KALYN ANDREA | ||||||||||
| PRESIDENT | 40.00 | 0.00 | $548,460 | $0 | $30,893 | Yes (X) | ||||
| KELLY KATHLEEN SENIOR VP | ||||||||||
| FOR STRATEGY & INSTITUTIONAL ADVANCEMENT | 40.00 | 0.00 | $391,689 | $0 | $14,727 | Yes (X) | ||||
| WOODS HEATHER | ||||||||||
| CHIEF INFORMATION OFFICER | 40.00 | 0.00 | $181,050 | $0 | $32,016 | Yes (X) | ||||
| MARTIN KRISTINA | ||||||||||
| ACTING VP FOR FINANCE & CONTROLLER | 40.00 | 0.00 | $178,397 | $0 | $32,016 | Yes (X) | ||||
| WEILERSTEIN DONALD | ||||||||||
| COLLEGE FACULTY | 35.00 | 0.00 | $215,519 | $0 | $27,498 | Yes (X) | ||||
| EAGLEN LYSON JANE | ||||||||||
| COLLEGE FACULTY | 35.00 | 0.00 | $199,664 | $0 | $36,548 | Yes (X) | ||||
| KIM SOOVIN | ||||||||||
| COLLEGE FACULTY | 35.00 | 0.00 | $169,767 | $0 | $44,608 | Yes (X) | ||||
| KATZ PAUL | ||||||||||
| COLLEGE FACULTY | 35.00 | 0.00 | $175,649 | $0 | $16,201 | Yes (X) | ||||
| LESSER LAURENCE | ||||||||||
| COLLEGE FACULTY | 35.00 | 0.00 | $168,750 | $0 | $17,861 | Yes (X) | ||||
| NOVAK THOMAS | ||||||||||
| VP & PROVOST (THRU 12/31/21) | 40.00 | 0.00 | $244,423 | $0 | $19,805 | Yes (X) | ||||
| SARRA MICHAEL | ||||||||||
| FORMER VP FOR COMMUNICATIONS | 40.00 | 0.00 | $138,987 | $0 | $7,612 | Yes (X) | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $2,612,355 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $279,785 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 65 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (1) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| REBECCA'S CAFE IN | |||||
| 99 SOUTH SOUTH BEDFORD STREET | BURLINGTON | MA | 01803 | FOOD SERVICES | $1,469,747 |
| GUARDIAN SECURITY & PROTECTION LLC | |||||
| 50 STRAWBERRY LANE | CANTON | MA | 02021 | SECURITY SERVICES | $1,010,922 |
| ERNST & YOUNG | |||||
| 200 PLAZA DRIVE | SECAUCUS | NJ | 07094 | MANAGEMENT CONSULTING | $642,200 |
| CLINICAL RESEARCH SEQUENCING PLATFORM L | |||||
| 415 MAIN STREET | CAMPBRIDGE | MA | 02142 | MEDICAL LABORATORIES | $562,500 |
| EMCOR SERVICES NORTHEAST INC | |||||
| 80 HAWES WAY | STOUGHTON | MA | 02072 | ENGINEERING | $374,850 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 29 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $988,143 | FundraisingAmt |
| Government Grants | $956,902 | GovernmentGrantsAmt |
| All Other Contributions | $9,125,280 | AllOtherContributionsAmt |
| Noncash Contributions | $2,224,607 | NoncashContributionsAmt |
| Total Contributions | $11,070,325 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| TUITION AND ACADEMIC FEES | 611710 | $44,705,018 | $44,705,018 |
| ROOM AND BOARD | 721310 | $4,312,987 | $4,312,987 |
| STUDENT HEALTH INSURANCE | 524114 | $1,176,265 | $1,176,265 |
| NON-ACADEMIC FEES | 611710 | $871,922 | $871,922 |
| HALL RENTALS | 532000 | $323,420 | $323,420 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $920,269 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $920,269 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $52,309,881 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $17,335 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $186,563 | UnrelatedBusinessRevenueAmt |
| Exclusion | -$169,228 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $28,846 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $28,846 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $28,846 | TotalRevenueColumnAmt |
| Exclusion | $28,846 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $256,748,440 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $208,334,075 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $48,414,365 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $48,414,365 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $150,503 | UnrelatedBusinessRevenueAmt |
| Exclusion | $48,263,862 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $76,641 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $988,143 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $204,973 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$128,332 | TotalRevenueColumnAmt |
| Exclusion | -$128,332 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $15,683 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $12,267 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,416 | TotalRevenueColumnAmt |
| Exclusion | $3,416 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | ExclusionExclusionAmt |
|---|---|---|---|
| OTHER SPECIAL EVENTS | 900099 | $38,629 | $38,629 |
| PUBLICATION | 511190 | $6,939 | $6,939 |
| PUBLIC RELATIONS & MARKETING | 900099 | $245 | $245 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $441,074 | TotalRevenueColumnAmt |
| Exclusion | $441,074 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $486,887 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $112,202,723 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $52,309,881 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $337,066 | UnrelatedBusinessRevenueAmt |
| Exclusion | $48,485,451 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $18,692,046 | TotalAmt |
| Program Services | $18,692,046 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,844,292 | TotalAmt |
| Program Services | $495,216 | ProgramServicesAmt |
| Management And General | $957,559 | ManagementAndGeneralAmt |
| Fundraising | $391,517 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $24,016,610 | TotalAmt |
| Program Services | $19,726,297 | ProgramServicesAmt |
| Management And General | $3,259,334 | ManagementAndGeneralAmt |
| Fundraising | $1,030,979 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $536,568 | TotalAmt |
| Program Services | $445,985 | ProgramServicesAmt |
| Management And General | $61,069 | ManagementAndGeneralAmt |
| Fundraising | $29,514 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,081,696 | TotalAmt |
| Program Services | $2,561,443 | ProgramServicesAmt |
| Management And General | $350,742 | ManagementAndGeneralAmt |
| Fundraising | $169,511 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,852,384 | TotalAmt |
| Program Services | $1,539,664 | ProgramServicesAmt |
| Management And General | $210,828 | ManagementAndGeneralAmt |
| Fundraising | $101,892 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $177,897 | TotalAmt |
| Program Services | $4,360 | ProgramServicesAmt |
| Management And General | $163,085 | ManagementAndGeneralAmt |
| Fundraising | $10,452 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $103,002 | TotalAmt |
| Management And General | $103,002 | ManagementAndGeneralAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,500 | TotalAmt |
| Fundraising | $4,500 | FundraisingAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $466,923 | TotalAmt |
| Management And General | $466,923 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,124,994 | TotalAmt |
| Program Services | $1,425,807 | ProgramServicesAmt |
| Management And General | $1,419,342 | ManagementAndGeneralAmt |
| Fundraising | $279,845 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $104,438 | TotalAmt |
| Program Services | $20,687 | ProgramServicesAmt |
| Management And General | $82,200 | ManagementAndGeneralAmt |
| Fundraising | $1,551 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,510,284 | TotalAmt |
| Program Services | $1,737,903 | ProgramServicesAmt |
| Management And General | $668,078 | ManagementAndGeneralAmt |
| Fundraising | $104,303 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $273,930 | TotalAmt |
| Program Services | $212,389 | ProgramServicesAmt |
| Management And General | $58,576 | ManagementAndGeneralAmt |
| Fundraising | $2,965 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,368,067 | TotalAmt |
| Program Services | $2,690,203 | ProgramServicesAmt |
| Management And General | $663,387 | ManagementAndGeneralAmt |
| Fundraising | $14,477 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $591,308 | TotalAmt |
| Program Services | $452,911 | ProgramServicesAmt |
| Management And General | $61,783 | ManagementAndGeneralAmt |
| Fundraising | $76,614 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $112,770 | TotalAmt |
| Program Services | $88,107 | ProgramServicesAmt |
| Management And General | $7,307 | ManagementAndGeneralAmt |
| Fundraising | $17,356 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,086,376 | TotalAmt |
| Program Services | $1,057,644 | ProgramServicesAmt |
| Management And General | $25,173 | ManagementAndGeneralAmt |
| Fundraising | $3,559 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,254,158 | TotalAmt |
| Program Services | $5,921,215 | ProgramServicesAmt |
| Management And General | $296,259 | ManagementAndGeneralAmt |
| Fundraising | $36,684 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| STUDENT HEALTH AND FOOD | $2,591,759 | $2,591,759 | |
| MISCELANEOUS EXPENSES | $210,524 | $193,580 | $16,944 |
| PAYROLL PROCESS & TEMP | $92,980 | $92,980 | |
| BAD DEBT AND LOSS | $14,841 | $14,841 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $71,112,347 | TotalAmt |
| Program Services | $59,872,057 | ProgramServicesAmt |
| Management And General | $8,964,571 | ManagementAndGeneralAmt |
| Fundraising | $2,275,719 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,277,150 | BOYAmt |
| EOY | $10,056,230 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,163,625 | BOYAmt |
| EOY | $4,391,355 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $402,713 | BOYAmt |
| EOY | $722,741 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,666,662 | BOYAmt |
| EOY | $1,903,538 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $841,553 | BOYAmt |
| EOY | $599,363 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $164,693,612 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $59,715,011 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $108,582,611 | BOYAmt |
| EOY | $104,978,601 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $52,192,439 | BOYAmt |
| EOY | $29,048,594 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $102,606,344 | BOYAmt |
| EOY | $109,374,824 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $140,414 | BOYAmt |
| EOY | $103,615 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $281,873,511 | BOYAmt |
| EOY | $261,178,861 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,887,974 | BOYAmt |
| EOY | $3,567,536 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $734,300 | BOYAmt |
| EOY | $1,241,172 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $32,619,734 | BOYAmt |
| EOY | $31,368,072 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,659,320 | BOYAmt |
| EOY | $6,708,772 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,201,327 | BOYAmt |
| EOY | $2,889,774 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $48,102,655 | BOYAmt |
| EOY | $45,775,326 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $89,567,361 | BOYAmt |
| EOY | $83,687,637 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $144,203,495 | BOYAmt |
| EOY | $131,715,898 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $233,770,856 | BOYAmt |
| EOY | $215,403,535 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $281,873,511 | BOYAmt |
| EOY | $261,178,861 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $41,090,376 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$58,861,787 | NetUnrlzdGainsLossesInvstAmt |
| Donated Services And Use Fclts | -$12,016 | DonatedServicesAndUseFcltsAmt |
| Other Changes In Net Assets | -$583,894 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $7,125,607 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $10,460,724 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $10,073,887 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $6,176,167 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $11,070,325 | CurrentTaxYearAmt |
| Total | $44,906,710 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $7,125,607 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $10,460,724 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $10,073,887 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $6,176,167 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $11,070,325 | CurrentTaxYearAmt |
| Total | $44,906,710 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $8,471,214 | SubstantialContributorsTotAmt |
| Public Support Total170 | $36,435,496 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $168,983 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $181,582 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $123,649 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $71,189 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | -$140,382 | CurrentTaxYearAmt |
| Total | $405,021 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $102,821 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus1 Year | $39,531 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $281,845 | CurrentTaxYearAmt |
| Total | $424,197 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $252,286 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $288,108 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $144,231 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $201,495 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $579,211 | CurrentTaxYearAmt |
| Total | $1,465,331 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $47,201,259 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $196,929,612 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.77190 | PublicSupportCY170Pct |
| Public Support PY170 | 0.86580 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE A, PART I: | FormAndLineReferenceDesc |
| Explanation | NEC 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| 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) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collection Used Pub Exhibition | Yes (X) | CollectionUsedPubExhibitionInd |
| Coll Used Scholarly Rsrch | Yes (X) | CollUsedScholarlyRsrchInd |
| Collection Used Preservation | Yes (X) | CollectionUsedPreservationInd |
| Coll Used Loan Or Exch Prog | Yes (X) | CollUsedLoanOrExchProgInd |
| Solicited Assets Sale | Yes (1) | SolicitedAssetsSaleInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $154,798,642 | BeginningYearBalanceAmt |
| Contributions | $573,343 | ContributionsAmt |
| Investment Earnings Or Losses | -$10,914,345 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $2,906,578 | GrantsOrScholarshipsAmt |
| Other Expenditures | $2,845,144 | OtherExpendituresAmt |
| Administrative Expenses | $282,500 | AdministrativeExpensesAmt |
| End Year Balance | $138,423,418 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $119,213,753 | BeginningYearBalanceAmt |
| Contributions | $822,528 | ContributionsAmt |
| Investment Earnings Or Losses | $40,587,444 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $2,805,870 | GrantsOrScholarshipsAmt |
| Other Expenditures | $2,755,796 | OtherExpendituresAmt |
| Administrative Expenses | $263,417 | AdministrativeExpensesAmt |
| End Year Balance | $154,798,642 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $122,469,876 | BeginningYearBalanceAmt |
| Contributions | $784,577 | ContributionsAmt |
| Investment Earnings Or Losses | $1,699,410 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $2,806,019 | GrantsOrScholarshipsAmt |
| Other Expenditures | $2,694,137 | OtherExpendituresAmt |
| Administrative Expenses | $239,954 | AdministrativeExpensesAmt |
| End Year Balance | $119,213,753 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $124,386,612 | BeginningYearBalanceAmt |
| Contributions | $4,330,831 | ContributionsAmt |
| Investment Earnings Or Losses | $3,274,161 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $4,744,925 | GrantsOrScholarshipsAmt |
| Other Expenditures | $4,530,767 | OtherExpendituresAmt |
| Administrative Expenses | $246,036 | AdministrativeExpensesAmt |
| End Year Balance | $122,469,876 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $116,917,341 | BeginningYearBalanceAmt |
| Contributions | $2,875,563 | ContributionsAmt |
| Investment Earnings Or Losses | $10,273,546 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $3,013,477 | GrantsOrScholarshipsAmt |
| Other Expenditures | $2,422,780 | OtherExpendituresAmt |
| Administrative Expenses | $243,581 | AdministrativeExpensesAmt |
| End Year Balance | $124,386,612 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.14000 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.56000 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.30000 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,269,497 | OtherCostOrOtherBasisAmt |
| Book Value | $1,269,497 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $136,357,262 | OtherCostOrOtherBasisAmt |
| Depreciation | $46,135,745 | DepreciationAmt |
| Book Value | $90,221,517 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $26,671,087 | OtherCostOrOtherBasisAmt |
| Depreciation | $13,579,266 | DepreciationAmt |
| Book Value | $13,091,821 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $395,766 | OtherCostOrOtherBasisAmt |
| Book Value | $395,766 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $104,978,601 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (31 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| ADAMAS OPPORTUNITIES L.P. | $124,828 | F |
| BAUPOST VALUE PARTNERS IV, LP | $10,471,937 | F |
| BROOKSIDE CAYMAN, LIMITED | $404 | F |
| COMMONFUND CAPITAL PARTNERS 2000, LP | $85,252 | F |
| MIT PRIVATE EQUITY FUND III,LP | $1,762,350 | F |
| MIT PRIVATE EQUITY FUND,LP | $14,654 | F |
| HRJ SPECIAL OPPORTUNITIES FUND II (US) | $224,141 | F |
| HRJ SPECIAL OPPORTUNITIES FUND II (INTERNATIONAL) | $3,799 | F |
| PARK STREET CAPITAL PRIVATE EQUITY FUND IX, LP | $988,693 | F |
| HIGHLAND CAPITAL PARTNERS VIII-B LP | $1,050,714 | F |
| TRUEBRIDGE-KAUFFMAN FELLOWS ENDOWMENT FUND II, LP | $2,187,479 | F |
| CAPITAL TODAY CHINA GROWTH FUND, II | $1,419,799 | F |
| FISHER LYNCH VENTURE PARTNERSHIP II-A, L.P. | $2,927,729 | F |
| OHA EUROPEAN STRATEGIC CREDIT FUND (OFF SHORE) | $19,196 | F |
| DOVER STREET VIII | $88,486 | F |
| HIGHLAND CAPITAL PARTNERS 9-B LP | $1,675,262 | F |
| BAIN CAPITAL FUND XI | $960,048 | F |
| DOVER STREET IX | $776,017 | F |
| HIGHLAND CAPITAL PARTNERS 10 | $2,091,607 | F |
| HIGHBAR PARTNERS III | $965,959 | F |
| SEAMANS GLOBAL OPPORTUNITIES FUND, LLC | $26,464 | F |
| KLINE HILL PARTNERS FUND II LP | $547,766 | F |
| BLUE TORCH CREDIT OPPORTUNITIES | $405,662 | F |
| SENATOR GLOBAL OPPORTUNITY OFFSHORE FUND II LTD | $1,256,966 | F |
| DOVER STREET X FEEDER FUND | $1,339,985 | F |
| HBK MULTI-STRATEGY OFFSHORE FUND LTD | $1,373,312 | F |
| SACHEM HEAD OFFSHORE LTD. | $558,742 | F |
| BLUE TORCH OFFSHORE CREDIT OPPORTUNITIES FUND II | $588,875 | F |
| OBVIOUS GROWTH I LP | $1,011,637 | F |
| STRATEGIC HEDGE FUND | $11,617,386 | F |
| STRATEGIC INVESTMENT TRUSTS | $62,809,675 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $109,374,824 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| PERKINS LOAN REFUNDABLE ADVANCES | $2,006,045 |
| PLANNED GIVING LIABILITY | $767,718 |
| FINANCE LEASE LIABILITY | $116,011 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $2,889,774 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $33,753,413 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$58,861,787 | NetUnrealizedGainsInvstAmt |
| Donated Services And Use Fclts | -$12,016 | DonatedServicesAndUseFcltsAmt |
| Other Revenue | -$19,780,480 | OtherRevenueAmt |
| Revenue Not Reported | -$78,654,283 | RevenueNotReportedAmt |
| Revenue Subtotal | $112,407,696 | RevenueSubtotalAmt |
| Other Revenues Not Included | -$204,973 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | -$204,973 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $112,202,723 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $52,120,734 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $204,973 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $204,973 | ExpensesNotReportedAmt |
| Expenses Subtotal | $51,915,761 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $466,923 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $18,729,663 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $19,196,586 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $71,112,347 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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 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 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, 2022, WERE REVIEWED, AND IT WAS DETERMINED THAT NO PROVISION FOR UNCERTAIN TAX POSITIONS WAS REQUIRED AS OF JUNE 30, 2022 OR 2021. 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 -583,894. ATTRITION IN ENVIRONMENTAL LIABILITY -37,617. TUITION & DORM SCHOLARSHIP -18,692,046. INVESTMENT MANAGEMENT FEES INCLUDED IN INVESTMENT RETURNS -466,923. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | FUNDRAISING EVENTS EXPENSES REPORTED ON FORM 990, PART VIII, LINE 8B -204,973. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | FUNDRAISING EVENTS EXPENSES REPORTED ON FORM 990, PART VIII, LINE 8B 204,973. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | TUITION & DORM SCHOLARSHIP 18,692,046. ATTRITION IN ENVIRONMENTAL LIABILITY 37,617. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (1) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE E, PART I, LINE 3 | NEC 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 6 | US DEPARTMENT OF EDUCATION STUDENT GRANTS AND LOANS $7,687,411; COMMONWEALTH OF MASSACHUSETTS CULTURAL COUNCIL $30,000 NEW ENGLAND CONSERVATORY OF MUSIC (THE CONSERVATORY) RECEIVED FUNDING FROM THE FEDERAL GOVERNMENT AS PART OF THE HEERF INCLUDED IN THE VARIOUS COVID-19 FUNDING PACKAGES. DURING THE YEAR ENDED JUNE 30, 2021, THE CONSERVATORY WAS AUTHORIZED TO RECEIVE $652,599 DIRECTED TOWARDS EMERGENCY FINANCIAL AID TO STUDENTS AND $938,412 DIRECTED TOWARDS INSTITUTIONAL EXPENSES. AS OF JUNE 30, 2021, THE CONSERVATORY HAD MET THE CONDITIONS OF $653,132 OF THE 2021 GRANTS WHICH ARE RECORDED WITHIN GOVERNMENT GRANTS IN THE ACCOMPANYING STATEMENT OF ACTIVITIES. AS OF JUNE 30, 2022, THE CONSERVATORY HAD MET THE CONDITIONS OF $937,879 OF THE REMAINING 2021 GRANTS WHICH ARE RECORDED WITHIN GOVERNMENT GRANTS IN THE ACCOMPANYING STATEMENTS OF ACTIVITIES. |
Schedule F IRS990ScheduleF
Account Activities Outside US AccountActivitiesOutsideUSGrp (3 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Specific Services ProvidedSpecificServicesProvidedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|---|
| EUROPE (INCLUDING ICELAND & GREENLAND) | 0 | 1 | PROGRAM SERVICES | ACADEMIC ACTIVITIES | $39,000 |
| NORTH AMERICA | 0 | 2 | PROGRAM SERVICES | ACADEMIC ACTIVITIES | $4,794 |
| CENTRAL AMERICA AND THE CARIBBEAN | INVESTMENTS | $20,089,478 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 3 | SubtotalEmployeesCnt |
| Continuation Total Office | 0 | ContinuationTotalOfficeCnt |
| Continuation Total Employee | 0 | ContinuationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 3 | TotalEmployeeCnt |
| Subtotal Spent | $20,133,272 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $20,133,272 | TotalSpentAmt |
| Transfer To Foreign Corp | Yes (1) | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | Yes (1) | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | Yes (1) | PassiveForeignInvestmestCoInd |
| Foreign Partnership | Yes (1) | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART III ACCOUNTING METHOD: | FormAndLineReferenceDesc |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | GALA | Event1Nm |
| Gross Receipts Event1 | $1,064,784 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $988,143 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $76,641 | GrossRevenueEvent1Amt |
| Food And Beverage Event1 | $130,419 | FoodAndBeverageEvent1Amt |
| Entertainment Event1 | $32,605 | EntertainmentEvent1Amt |
| Other Direct Expenses Event1 | $41,949 | OtherDirectExpensesEvent1Amt |
| Gross Receipts Total | $1,064,784 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $988,143 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $76,641 | GrossRevenueTotalEventsAmt |
| Food And Beverage Total Events | $130,419 | FoodAndBeverageTotalEventsAmt |
| Entertainment Total Events | $32,605 | EntertainmentTotalEventsAmt |
| Oth Direct Expnss Total Events | $41,949 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $204,973 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$128,332 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | SCHOLARSHIP AND OTHER FINANCIAL AID | GrantTypeTxt |
| Recipient | 1012 | RecipientCnt |
| Cash Grant | $18,692,046 | CashGrantAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE AWARDING OF STUDENT FINANCIAL AID GRANTS UNDER THE U.S. DEPARTMENT OF EDUCATION'S STUDENT FINANCIAL ASSISTANCE PROGRAM IS MONITERED 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 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. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | 0 | SubstantiationRequiredInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | Yes (1) | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | Yes (1) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (11 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| KALYN ANDREA | ||||||||||||||
| PRESIDENT | $391,369 | $0 | $50,000 | $0 | $107,091 | $0 | $4,477 | $0 | $26,416 | $0 | $579,353 | $0 | $0 | $0 |
| KELLY KATHLEEN SENIOR VP | ||||||||||||||
| FOR STRATEGY & INSTITUTIONAL ADVANCE | $348,637 | $0 | $40,000 | $0 | $3,052 | $0 | $3,294 | $0 | $11,433 | $0 | $406,416 | $0 | $0 | $0 |
| NOVAK THOMAS | ||||||||||||||
| VP & PROVOST (THRU 12/31/21) | $226,124 | $0 | $2,000 | $0 | $16,299 | $0 | $2,833 | $0 | $16,972 | $0 | $264,228 | $0 | $0 | $0 |
| WEILERSTEIN DONALD | ||||||||||||||
| COLLEGE FACULTY | $207,749 | $0 | $2,500 | $0 | $5,270 | $0 | $3,190 | $0 | $24,308 | $0 | $243,017 | $0 | $0 | $0 |
| EAGLEN LYSON JANE | ||||||||||||||
| COLLEGE FACULTY | $182,743 | $0 | $0 | $0 | $16,921 | $0 | $4,200 | $0 | $32,348 | $0 | $236,212 | $0 | $0 | $0 |
| KIM SOOVIN | ||||||||||||||
| COLLEGE FACULTY | $152,639 | $0 | $3,000 | $0 | $14,128 | $0 | $2,455 | $0 | $42,153 | $0 | $214,375 | $0 | $0 | $0 |
| WOODS HEATHER | ||||||||||||||
| CHIEF INFORMATION OFFICER | $175,511 | $0 | $5,000 | $0 | $539 | $0 | $1,867 | $0 | $30,149 | $0 | $213,066 | $0 | $0 | $0 |
| MARTIN KRISTINA | ||||||||||||||
| ACTING VP FOR FINANCE & CONTROLLER | $172,857 | $0 | $5,000 | $0 | $540 | $0 | $1,867 | $0 | $30,149 | $0 | $210,413 | $0 | $0 | $0 |
| KATZ PAUL | ||||||||||||||
| COLLEGE FACULTY | $173,149 | $0 | $2,500 | $0 | $0 | $0 | $2,656 | $0 | $13,545 | $0 | $191,850 | $0 | $0 | $0 |
| LESSER LAURENCE | ||||||||||||||
| COLLEGE FACULTY | $166,023 | $0 | $2,500 | $0 | $227 | $0 | $2,419 | $0 | $15,442 | $0 | $186,611 | $0 | $0 | $0 |
| SARRA MICHAEL | ||||||||||||||
| FORMER VP FOR COMMUNICATIONS | $88,707 | $0 | $0 | $0 | $50,280 | $0 | $0 | $0 | $7,612 | $0 | $146,599 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 1A | A $96,549 HOUSING ALLOWANCE 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 4A | SEVERANCE IN THE AMOUNT OF $42,308 WAS PROVIDED TO MICHAEL SARRA IN 2021. |
| PART I, LINE 7 | THERE IS A COMPENSATION COMMITTEE WHO OVERSEES SALARIES AND BONUSES. THERE WAS A BOARD BONUS GIVEN TO MOST OF THE EMPLOYEES ON CAMPUS DURING FY22. THE COMPENSATION COMMITTEE DETERMINED THE BONUSES FOR THE OFFICERS, AND THE SENIOR STAFF MADE RECOMMENDATIONS TO THE COMMITTEE FOR THE OTHER EMPLOYEES WHICH THE COMMITTEE PROVIDED FINAL APPROVAL. THESE BONUSES WERE ALL GIFTS BY BOARD MEMBERS TO THANK STAFF AND FACULTY AS THEY RETURNED FROM COVID. |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (2 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|
| MASS DEVELOPMENT FINANCE AGENCY | |||||||
| A | 043431814 | 2014-06-30 | $23,685,000 | REFUNDING SERIES 2008 BONDS | 0 | 0 | 0 |
| MASS DEVELOPMENT FINANCE AGENCY | |||||||
| B | 043431814 | 2015-11-17 | $16,050,000 | CAPITAL EXPENDITURES | 0 | 0 | 0 |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (2 entries)
| Bond ReferenceBondReferenceCd | RetiredRetiredAmt | Total ProceedsTotalProceedsAmt | Refunding EscrowRefundingEscrowAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Refunding Tax Exempt BondsRefundingTaxExemptBondsInd | Refunding Taxable BondsRefundingTaxableBondsInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd | Capitalized InterestCapitalizedInterestAmt | Capital ExpendituresCapitalExpendituresAmt | Other Spent ProceedsOtherSpentProceedsAmt | Substantial CompletionSubstantialCompletionYr |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A | $5,935,000 | $23,685,000 | $23,389,001 | $295,999 | Yes (1) | Yes (1) | Yes (1) | Yes (1) | ||||
| B | $1,989,929 | $16,050,000 | $285,794 | 0 | 0 | Yes (1) | Yes (1) | $699,869 | $15,024,817 | $39,520 | 2017 |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (2 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Any Research AgreementsAnyResearchAgreementsInd | Private Bus Use By OthersPrivateBusUseByOthersPct | Private Bus Concerning UBIPrivateBusConcerningUBIPct | Total Private Business UseTotalPrivateBusinessUsePct | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropPct | Remedial Action TakenRemedialActionTakenInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 0 | 0 | 0.00000 | 0.00000 | 0.00000 | 0 | Yes (1) | 0.11540 | Yes (1) | Yes (1) |
| B | 0 | 0 | 0 | 0 | 0.00000 | 0.00000 | 0.00000 | 0 | 0 | Yes (1) |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (2 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | Rebate Not Due YetRebateNotDueYetInd | Exception To RebateExceptionToRebateInd | No Rebate DueNoRebateDueInd | Variable Rate IssueVariableRateIssueInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd |
|---|---|---|---|---|---|---|---|---|---|
| A | 0 | Yes (1) | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) |
| B | 0 | Yes (1) | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) |
Procedures Corrective Action ProceduresCorrectiveActionGrp (2 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | Yes (1) |
| B | Yes (1) |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART III, LINE 8: | FormAndLineReferenceDesc |
| Explanation | ON 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. ON MARCH 1, 2021, THE SERIES 2014 BONDS AND THE SERIES 2015 BONDS (THE BONDS) WERE AMENDED TO ADJUST THE INTEREST RATE FROM 3.34% TO 2.34% EFFECTIVE MARCH 19, 2021. NO OTHER TERMS OF THE BONDS WERE MODIFIED. PRINCIPAL AND INTEREST ON THE BONDS IS PAYABLE MONTHLY. | ExplanationTxt |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 32 | ContributionCnt |
| Noncash Contributions Rpt F990 | $545,349 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
Real Estate Residential RealEstateResidentialGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 1 | ContributionCnt |
| Noncash Contributions Rpt F990 | $1,520,000 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
Other Non Cash Contri Table OtherNonCashContriTableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Desc | INSTRUMENTS | Desc |
| Contribution | 12 | ContributionCnt |
| Noncash Contributions Rpt F990 | $159,258 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 5 | Form8283ReceivedCnt |
| Any Property That Must Be Held | Yes (1) | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | Yes (1) | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, COLUMN (B): | PART I, COLUMN (B): NEC IS REPORTING A COMBINATION OF BOTH THE NUMBER OF CONTRIBUTIONS AND THE NUMBER OF ITEMS RECEIVED. PART I, LINE 9, SECURITIES PUBLICLY TRADED, COLUMN (B): THE NUMBER OF CONTRIBUTIONS ARE REPORTED. PART I, LINE 15, REAL ESTATE - RESIDENTIAL, COLUMN (B): THE NUMBER OF ITEMS ARE REPORTED. PART I, LINE 25, INSTRUMENTS, COLUMN (B): THE NUMBER OF ITEMS ARE REPORTED. |
| PART I, LINE 30B: | ALL NEW PERMANENTLY RESTRICTED GIFTS REQUIRE A HOLDING PERIOD OF THREE YEARS WITHIN THE ENDOWMENT BEFORE USE OF THE INCOME PRODUCED IS ALLOWED. |
| 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 ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11B | IN JUNE 2020, NEC'S BOARD OF TRUSTEES VOTED TO DELEGATE REVIEW AND APPROVAL OF THE FORM 990 TO THE AUDIT COMMITTEE. THE AUDIT COMMITTEE RECEIVES A COPY OF THE DRAFT FORM 990 WITHOUT SCHEDULE B PRIOR TO THE MEETING AT WHICH THEY REVIEW THE FORM 990. AT THE MEETING, MEMBERS OF THE AUDIT COMMITTEE RECEIVE A PRESENTATION ON THE FORM 990 FROM MANAGEMENT AND PROVIDE INPUT ON THE FORM 990. IN ADDITION, NEC HAS TAX ADVISORS FROM A NATIONAL ACCOUNTING FIRM REVIEW THE FORM 990. LASTLY, 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 12C | 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, SECTION B, LINE 15 | OFFICER AND KEY EMPLOYEE COMPENSATION IS REVIEWED BY THE EXECUTIVE 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' EXECUTIVE 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 19 | NEC'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 -583,894. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MEASURE FOR MEASURE LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1209 ORANGE STREET | AddressLine1Txt |
| City | WILMINGTON | CityNm |
| State Abbreviation | DE | StateAbbreviationCd |
| ZIP | 19801 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 237325104 | EIN |
| Primary Activities | TO ACQUIRE & SELL DONATED ASSETS ON BEHALF OF NEC. | PrimaryActivitiesTxt |
| Legal Domicile State | DE | LegalDomicileStateCd |
| Total Income | $0 | TotalIncomeAmt |
| End Of Year Assets | $0 | EndOfYearAssetsAmt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NEW ENGLAND CONSERVATORY OF MUSIC | BusinessNameLine1Txt |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (3 entries)
| Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|
| CHARITABLE REMAINDER TRUSTS | |||
| INVESTMENT | MA | NEW ENGLAND CONSERVATORY OF MUSIC | Yes (1) |
| GIFT ANNUITIES (28) | |||
| INVESTMENT | MA | NEW ENGLAND CONSERVATORY OF MUSIC | Yes (1) |
| CHARITABLE LEAD ANNUITY TRUST | |||
| INVESTMENT | MA | NEW ENGLAND CONSERVATORY OF MUSIC | Yes (1) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | Yes (1) | TransferFromOtherOrgInd |
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