2025-05-14T08:14:11-05:00 2024-06-30 991856619 GRANT THORNTON ADVISORS LLC 53 STATE STREET SUITE 1600 BOSTON MA 02109 990 2023-07-01 041286950 EMERSON COLLEGE EMER 6178248500 120 BOYLSTON STREET BOSTON MA 021164624 ROBERT BUTLER INTERIM VP FINANCE/CFO 6178248953 2025-05-14 1 1 ERIN COUTURE P01390592 6177237900 2023 2025-03-06 01:10:19Z JAY BERNHARDT 120 BOYLSTON STREET BOSTON MA 021164624 401495665 0 X WWW.EMERSON.EDU X 1880 MA TO EDUCATE AND ELEVATE EXTRAORDINARY ARTISTS, COMMUNICATORS, (CONTINUED ON SCHEDULE O) SCHOLARS, AND PROFESSIONALS FOR THE BETTERMENT OF HUMANITY. WE PURSUE THIS MISSION THROUGH WORLD-CLASS TEACHING, PRACTICE, PERFORMANCE, AND DISCOVERY THAT ARE EXPERIENTIAL, INNOVATIVE, AND INCLUSIVE. 25 24 3420 400 188136 0 8375527 7710352 310212616 316526510 5205062 13880816 8055973 7345382 331849178 345463060 71412508 74529404 0 0 121346862 136251480 0 0 5929000 126221188 131728414 318980558 342509298 12868620 2953762 1142841556 1158204287 592022004 574177978 550819552 584026309 X SEE SCHEDULE O.EMERSON COLLEGE'S MISSION IS TO EDUCATE AND ELEVATE EXTRAORDINARY ARTISTS, COMMUNICATORS, SCHOLARS, AND PROFESSIONALS FOR THE BETTERMENT OF HUMANITY. WE PURSUE THIS MISSION THROUGH WORLD-CLASS TEACHING, PRACTICE, PERFORMANCE, AND DISCOVERY THAT ARE EXPERIENTIAL, INNOVATIVE, AND INCLUSIVE. 0 0 212179298 74529404 259371982 EMERSON COLLEGE PROVIDES UNDERGRADUATE AND GRADUATE PROGRAMS CHALLENGING STUDENTS TO THINK AND COMMUNICATE WITH CLARITY, SUBSTANCE AND INSIGHT. THE CURRICULUM INTEGRATES COMMUNICATION WITH LIBERAL ARTS AND EMPHASIZES A GLOBAL OUTLOOK AND PRACTICAL EXPERIENCE TO HELP DEVELOP THE INHERENT CAPACITIES OF EACH STUDENT. THE COLLEGE EDUCATES APPROXIMATELY 4,200 UNDERGRADUATE AND 1,600 GRADUATE STUDENTS ANNUALLY - THIS YEAR FROM 50 U.S. STATES, WASHINGTON, D.C., PUERTO RICO, THE US VIRGIN ISLANDS, AND 79 COUNTRIES. THE COLLEGE HAS MORE THAN 600 FULL AND PART-TIME FACULTY. 72621000 0 60429486 AUXILIARY ENTERPRISES PROVIDE SERVICES FOR STUDENTS TO ENSURE THEY ARE APPROPRIATELY SUPPORTED. THESE SERVICES PREDOMINANTLY INCLUDE ROOM, BOARD, AND BOOKSTORE OPERATIONS. THEATRE OPERATIONS ARE ALSO CLASSIFIED AS AN AUXILIARY ENTERPRISE. 284800298 1 1 0 1 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 1 1 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 X 6803 0 1 3420 1 1 1 1 NL 0 0 0 1 1 0 0 0 0 0 0 X 25 24 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 AR CA NH MD MA MI NV NH ND WA X KRISTEN MARGARIDA COULOMBE 6178248426 120 BOYLSTON STREET BOSTON MA 021164621 JAY BERNHARDT PRESIDENT 40.00 0.00 X X 512601 0 145042 ERIC ALEXANDER CHAIR 2.00 0.00 X X 0 0 0 KEVIN BRIGHT CO-VICE CHAIR (THRU 5/24)/BOARD MEM 2.00 0.00 X X 0 0 0 DOUGLAS HOLLOWAY CO-VICE CHAIR (THRU 5/24)/BOARD MEM 2.00 0.00 X X 0 0 0 ELLEN CALMAS TREASURER (THRU 5/24)/BOARD MEMBER 2.00 0.00 X X 0 0 0 ROBERT MILLER SECRETARY (THRU 5/24)/CO-VICE CHAIR 2.00 0.00 X X 0 0 0 SHEILA ROBINSON BOARD MEM(THRU 5/24)/CO-VICE CHAIR 2.00 0.00 X X 0 0 0 DOUG HERZOG BOARD MEM(THRU 5/24)/SECRETARY 2.00 0.00 X X 0 0 0 MICHAEL MACWADE BOARD MEMBER (THRU 5/24)/TREASURER 2.00 0.00 X X 0 0 0 VIVIAN BEARD BOARD MEMBER 2.00 0.00 X 0 0 0 TRACI BLACKWELL BOARD MEMBER 2.00 0.00 X 0 0 0 DENA DAVIS BOARD MEMBER (THRU 03/2024) 2.00 0.00 X 0 0 0 VINCENT J DI BONA BOARD MEMBER (THRU 05/2024) 2.00 0.00 X 0 0 0 LORENZO DI BONAVENTURA BOARD MEMBER 2.00 0.00 X 0 0 0 ROBERT FRIEND BOARD MEMBER (THRU 05/2024) 2.00 0.00 X 0 0 0 SCOTT GOLDENBERG BOARD MEMBER 2.00 0.00 X 0 0 0 IRA GOLDSTONE BOARD MEMBER 2.00 0.00 X 0 0 0 SETH GRAHAME-SMITH BOARD MEMBER (AS OF 05/2024) 2.00 0.00 X 0 0 0 JEFFREY D GREENHAWT BOARD MEMBER (THRU 05/2024) 2.00 0.00 X 0 0 0 ALBERT M JAFFE BOARD MEMBER (THRU 05/2024) 2.00 0.00 X 0 0 0 JOSEPH JOHNSON III BOARD MEMBER (AS OF 05/2024) 2.00 0.00 X 0 0 0 ADELE LIM BOARD MEMBER (AS OF 05/2024) 2.00 0.00 X 0 0 0 MICHAEL MARA BOARD MEMBER (THRU 01/2024) 2.00 0.00 X 0 0 0 ANDREA MONTONI BOARD MEMBER 2.00 0.00 X 0 0 0 PAUL J MORRA BOARD MEMBER (AS OF 05/2024) 2.00 0.00 X 0 0 0 MAX MUTCHNICK BOARD MEMBER (AS OF 05/2024) 2.00 0.00 X 0 0 0 PATRICIA PEYTON BOARD MEMBER 2.00 0.00 X 0 0 0 NATE PUSEY BOARD MEMBER (THRU 05/2024) 2.00 0.00 X 0 0 0 STEVEN SAMUELS BOARD MEMBER 2.00 0.00 X 0 0 0 RAJ SHARMA BOARD MEMBER (THRU 05/2024) 2.00 0.00 X 0 0 0 SUSAN NAMM SPENCER BOARD MEMBER 2.00 0.00 X 0 0 0 CATHY WEISS BOARD MEMBER 2.00 0.00 X 0 0 0 PETER ZAMORE BOARD MEMBER 2.00 0.00 X 0 0 0 MARILLYN ZACHARIS BOARD MEMBER (THRU 05/2024) 2.00 0.00 X 0 0 0 PAUL DWORKIS VP FOR ADMINISTRATION AND FINANCE 40.00 0.00 X 456992 0 59976 JAN ROBERTS-BRESLIN INT. PROVOST & VP FOR ACADEMIC AFF. 40.00 0.00 X 325429 0 58718 CAROLINA AVELLANEDA GENERAL COUNSEL (AS OF 03/2024) 40.00 0.00 X 0 0 0 WILLIAM GILLIGAN FORMER INTERIM PRESIDENT 40.00 0.00 X 463837 0 23601 DAVID CHRISTOPHER HOWSE VP, OFFICE OF THE ARTS(THRU 11/2023) 40.00 0.00 X 428403 0 32302 SPENCER KIMBALL DIR OF POLLING CENTER/ASSOC PROF 40.00 0.00 X 275371 0 43117 SHAYA GREGORY POKU VP FOR EQUITY & SOCIAL JUSTICE 40.00 0.00 X 270028 0 14096 ROBERT J BUTLER JR ASSOCIATE VICE PRESIDENT, FINANCE 40.00 0.00 X 259457 0 46348 2992118 0 423200 213 0 1 0 2U INC 2345 CRYSTAL DRIVE SUITE 1100 ARLINGTON VA 22202 SOFTWARE (AS SERVICE) PUBLISHER 16081428 BON APETIT MANAGEMENT CO 2400 YORKMONT ROAD CHARLOTTE NC 28217 FOOD SERVICES 14730696 WINDWALKER GROUP LLC 529 MAIN ST SUITE P200 BOSTON MA 02129 FACILITIES SUPPORT SERVICES 3050956 GENERAL DEVELOPMENT INC 427 WATER ST WAKEFIELD MA 01880 CONSTRUCTION 2872562 COMPASS FACILITY SERVICES INC 65 JACKMAN STREET GEORGETOWN MA 01883 JANITORIAL SERVICES 2203734 110 36500 2061692 5612160 2619876 7710352 TUITION & FEES 611710 259371982 259371982 ROOM & BOARD 611710 55785445 55785445 AUXILIARY - OTHER 611710 1369083 1369083 316526510 11219430 -71220 11290650 2928000 2928000 1725347 853479 871868 871868 871868 51845592 5975000 51004929 4154277 840663 1820723 2661386 2661386 31120 36500 19920 11200 11200 MISCELLANEOUS 611710 3120921 3120921 SUMMER CONFERENCES 531390 413393 154037 259356 3534314 345463060 319801468 188136 17763104 72044234 72044234 2485170 2485170 1664483 331196 1108360 224927 91175 63823 27352 102768631 83220174 16981273 2567184 6543202 5284364 1082340 176498 18095504 14346627 2938466 810411 7088485 5724742 1172537 191206 629377 629377 337007 337007 637962 637962 6070425 5033814 1031022 5589 2530585 1892918 387706 249961 7842082 3392051 4389457 60574 4526532 3663807 750418 112307 11898199 9379008 1921001 598190 3557178 2849299 583591 124288 1351225 1049889 215038 86298 21713551 18022247 3691304 20974718 17409016 3565702 7630796 6333561 1297235 OTHER FOOD SERVICES 14311026 11641886 2384482 284658 OTHER MAINT & EQUIPMENT 13306662 11044529 2262133 OTHER SERVICES 7606668 6232851 1276608 97209 DUES AND SUBSCRIPTIONS 1767892 1441950 295339 30603 5036529 1976965 2777819 281745 342509298 284800298 51780000 5929000 426770 18894 124900539 120643366 3914078 9508889 2343901 2733084 637520 466104 5737946 5889344 1072143632 344876044 733456705 727267588 241286721 265405144 40 9733 0 0 30137336 26262141 1142841556 1158204287 42462895 44342534 18992150 12593761 506450174 493695649 24116785 23546034 592022004 574177978 X 471115230 497783656 79704322 86242653 550819552 584026309 1142841556 1158204287 X 2953762 28463192 1789803 X 0 1 X 1 1 1 X 8553598 14669799 25041434 8375527 7710352 64350710 8553598 14669799 25041434 8375527 7710352 64350710 1303338 63047372 7960301 14650942 7151511 8138114 15943997 53844865 24310 27725 31120 83155 118278730 1439860014 0.53300 0.54980 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FUNDRAISING EVENTS - 2021 AMOUNT: $ 24,310. 2022 AMOUNT: $ 27,725. 2023 AMOUNT: $ 31,120. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 0 0 0 1 41 41 0 PART II-B, LINE 1: SCHEDULE C, PART II REPRESENTS THE PORTION OF ANNUAL DUES INVOLVED IN LOBBYING ACTIVITIES WHICH RELATES TO THE NATIONAL ASSOCIATION OF COLLEGE AND UNIVERSITY BUSINESS OFFICERS AND ITS AFFILIATES ("NACUBO"). THE AMOUNT IS NEGLIGIBLE. THIS REPRESENTS THE ONLY LOBBYING ACTIVITIES OF THE COLLEGE. X 0 240725036 784176 32398451 9160151 264747512 224902734 1711462 22991554 8880714 240725036 259626226 1487361 -28117296 8093557 224902734 183295624 23866410 59889154 7424962 259626226 180509388 2805692 4723915 4743371 183295624 0.71100 0.18400 0.10500 0 0 76066681 76066681 941310457 303190238 638120219 5940310 5400845 539465 43228295 36284961 6943334 5597889 5597889 727267588 CAPITAL LEASE OBLIGATIONS 23432654 REFUNDABLE ADVANCES GOVT GRANT 113380 23546034 X 301422088 28463192 2663202 31126394 270295694 637962 74529404 75167366 345463060 268215331 873399 873399 267341932 637962 74529404 75167366 342509298 PART III, LINE 4: THE ARCHIVES & SPECIAL COLLECTIONS AT EMERSON COLLEGE DOCUMENT THE HISTORY OF THE COLLEGE AS WELL AS THE HISTORY OF TOPICS AND ISSUES THAT COMPLEMENT THE COLLEGE'S CURRICULUM. THIS INCLUDES, BUT IS NOT LIMITED TO, COLLECTIONS RELATED TO THE HISTORY OF THEATER, JOURNALISM, AND THE VISUAL ARTS. IT IS ALSO HOME TO THE AMERICAN COMEDY ARCHIVES, WHICH HOLDS COLLECTIONS DOCUMENTING THE LIVES OF GROUNDBREAKING COMEDIC WRITERS, PRODUCERS, PERFORMERS, AND DIRECTORS. THE ITEMS WITHIN THE COLLECTIONS VARY GREATLY, FROM VIDEO GAMES TO ARTWORK. THE COLLEGE COLLECTS, PRESERVES, AND PROVIDES ACCESS TO THESE DIVERSE COLLECTIONS IN AN INCLUSIVE, EQUITABLE, AND SOCIALLY JUST MANNER, SO THAT ALL MEMBERS OF THE COLLEGE'S INTERNAL AND EXTERNAL COMMUNITIES CAN SEE THEMSELVES REFLECTED IN THE HISTORICAL RECORD. PART V, LINE 4: ENDOWMENT FUNDS THE COLLEGE'S ENDOWMENT CONSISTS OF APPROXIMATELY 198 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES INCLUDING DONOR RESTRICTED ENDOWMENT FUNDS AND OTHERS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. THE PURPOSE OF THE COLLEGE'S ENDOWMENT IS TO SUPPORT THE EDUCATIONAL MISSION OF THE COLLEGE BY PROVIDING A RELIABLE SOURCE OF FUNDS FOR CURRENT AND FUTURE USE THROUGH QUARTERLY DRAWDOWNS. THE ENDOWMENT IS USED TO FUND SCHOLARSHIPS AND GRANTS AS WELL AS TO PROVIDE SUPPORT FOR PROGRAM SERVICES. UNDER THE COLLEGE'S CURRENT LONG-TERM INVESTMENT SPENDING POLICY, WHICH IS WITHIN THE GUIDELINES SPECIFIED UNDER STATE LAW, THE COLLEGE MAY SPEND UP TO 5% OF THE AVERAGE MARKET VALUE OF THE QUALIFYING ENDOWMENT INVESTMENT POOL AT THE END OF THE PREVIOUS FIVE CALENDAR YEARS. PART X, LINE 2: ASC 740 INCOME TAX FOOTNOTE THE COLLEGE IS A NOT-FOR-PROFIT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AS AMENDED (THE "CODE"), AND IS GENERALLY EXEMPT FROM INCOME TAXES PURSUANT TO SECTION 501(A) OF THE CODE. THE COLLEGE IS REQUIRED TO ASSESS UNCERTAIN TAX POSITIONS AND HAS DETERMINED THAT THERE WERE NO SUCH POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 853,479. FUNDRAISING EXPENSES 19,920. MARLBORO TRANSACTION CONTRIBUTION 1,789,803. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID - EMERSON SCHOLARSHIPS 74,529,404. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 853,479. FUNDRAISING EXPENSES 19,920. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID - EMERSON SCHOLARSHIPS 74,529,404. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE COLLEGE'S NONDISCRIMINATORY POLICY IS AVAILABLE IN THE COLLEGE'S ADMISSION CATALOG AND THE COLLEGE'S WEBSITE. EMERSON COLLEGE ADMITS QUALIFIED STUDENTS REGARDLESS OF RACE, COLOR, RELIGIOUS BELIEFS, NATIONAL AND ETHNIC ORIGIN, SEX, SEXUAL ORIENTATION, GENDER IDENTIY, AGE, OR DISABILITY TO ALL OF THE RIGHTS, PRIVILEGES, PROGRAMS, AND ACTIVITIES GENERALLY ACCORDED OR MADE AVAILABLE TO STUDENTS AT THE COLLEGE. EMERSON COLLEGE DOES NOT UNLAWFULLY DISCRIMINATE ON THE BASIS OF RACE, COLOR, RELIGIOUS BELIEFS, NATIONAL AND ETHNIC ORIGIN, SEX, SEXUAL ORIENTATION, GENDER IDENTITY, AGE, DISABILITY, OR ANY OTHER CATEGORY PROTECTED BY LAW IN THE ADMINISTRATION OF ITS EDUCATIONAL POLICIES, ADMISSION POLICIES, SCHOLARSHIP AND LOAN PROGRAMS, ATHLETIC PROGRAMS, OR OTHER COLLEGE-ADMINISTERED PROGRAMS OR ACTIVITIES. SCHEDULE E, PART I, LINE 6 THE COLLEGE PARTICIPATES IN A NUMBER OF FEDERAL FINANCIAL PROGRAMS FOR ITS STUDENTS WHO HAVE FILED A FAFSA AND ARE ELIGIBLE FOR FEDERAL FINANCIAL AID. 1 EUROPE (INCLUDING ICELAND & GREENLAND) 1 25 PROGRAM SERVICES SEMESTER ABROAD CLASS 3952884 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 38723451 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS 49683 1 25 0 0 1 25 42726018 0 42726018 EMERSON COLLEGE FUNDED SCHOLARSHIPS EUROPE (INCLUDING ICELAND & GREENLAND) 228 2485170 0 1 0 1 1 1 1 PART I, LINE 2: MONITORING THE USE OF GRANT FUNDS OUTSIDE THE U.S. EMERSON COLLEGE AWARDS INSTITUTIONAL FINANCIAL ASSISTANCE PRIMARILY ON THE BASIS OF DEMONSTRATED FINANCIAL NEED. COLLEGE MONITORING OF THE FUNDS INCLUDES DIRECTLY CREDITING AWARDS TO STUDENT ACCOUNTS WHICH ASSURES THAT FUNDS ARE USED FOR THE EDUCATIONAL PURPOSE INTENDED. ALL AID RECIPIENTS MUST MAINTAIN SATISFACTORY ACADEMIC PROGRESS AS OUTLINED IN THE EMERSON COLLEGE STUDENT HANDBOOK. STUDENTS RECEIVING FEDERAL AID MUST HAVE A MINIMUM OF A "C" (2.0) GRADE POINT AVERAGE BY THE END OF THEIR SECOND ACADEMIC YEAR. FINANCIAL AID RECIPIENTS MAY NOT BE IN DEFAULT ON ANY EDUCATION LOANS, OWE A REFUND ON ANY GRANT, OR DEMONSTRATE ANY UNWILLINGNESS TO REPAY AN EDUCATIONAL LOAN. PART I, LINE 3: GRANTMAKING EXPENDITURES FOR SCHOLARSHIPS ARE REPORTED IN COLUMN (F) AT THEIR BOOK VALUE. AMOUNTS SHOWN IN COLUMN (F) FOR INVESTMENTS ARE REPORTED AT THEIR FAIR MARKET VALUE. EXPENDITURES FOR THE SEMESTER ABROAD CLASSES ARE ACCOUNTED FOR UNDER THE ACCRUAL METHOD OF ACCOUNTING. PART IV FOREIGN FILING REQUIREMENTS THE COLLEGE HAS CERTAIN ALTERNATIVE INVESTMENTS THAT MAY HAVE TRANSFERS TO OR GENERATE OWNERSHIP INTERESTS IN FOREIGN COPRORATIONS OR PARTNERSHIPS. AS SUCH, SCHEDULE F PART IV REFLECTS THESE TRANSFERS AND INTERESTS. THE COLLEGE HAS REVIEWED THESE INVESTMENTS FOR ANY TRANSFERS OR INTERESTS THAT ARE REQUIRED TO BE FURTHER REPORTED ON FORMS 926, 5471, 8621, OR 8865. AK CA MD MA MI NV NH ND WA GOLF TOURNAMENT 67620 36500 31120 6832 11935 1153 67620 36500 31120 6832 11935 1153 19920 11200 1 EMERSON COLLEGE FUNDED SCHOLARSHIPS 4196 72044234 PART I, LINE 2: EMERSON COLLEGE AWARDS INSTITUTIONAL FINANCIAL ASSISTANCE PRIMARILY ON THE BASIS OF DEMONSTRATED FINANCIAL NEED. COLLEGE MONITORING OF THE FUNDS INCLUDES DIRECTLY CREDITING AWARDS TO THE STUDENT ACCOUNTS WHICH ASSURES THAT FUNDS ARE USED FOR THE EDUCATION PURPOSE INTENDED. ALL AID RECIPIENTS MUST MAINTAIN SATISFACTORY ACADEMIC PROGRESS AS OUTLINED IN THE EMERSON COLLEGE STUDENT HANDBOOK. STUDENTS RECEIVING FEDERAL AID MUST HAVE A MINIMUM OF A "C" (2.0) GRADE POINT AVERAGE BY THE END OF THEIR SECOND ACADEMIC CAREER. FINANCIAL AID RECIPIENTS MAY NOT BE IN DEFAULT ON ANY EDUCATION LOANS, OWE A REFUND ON ANY GRANT, OR DEMONSTRATE ANY UNWILLINGNESS TO REPAY AN EDUCATIONAL LOAN. X X X X 1 1 X X X X X X 0 1 0 0 0 0 0 1 1 1 JAY BERNHARDT PRESIDENT 415027 0 75000 0 22574 0 29700 0 115342 0 657643 0 0 0 PAUL DWORKIS VP FOR ADMINISTRATION AND FINANCE 427086 0 0 0 29906 0 29700 0 30276 0 516968 0 0 0 WILLIAM GILLIGAN FORMER INTERIM PRESIDENT 249683 0 0 0 214154 0 22500 0 1101 0 487438 0 56914 0 DAVID CHRISTOPHER HOWSE VP, OFFICE OF THE ARTS(THRU 11/2023) 367967 0 25000 0 35436 0 29700 0 2602 0 460705 0 0 0 JAN ROBERTS-BRESLIN INT. PROVOST & VP FOR ACADEMIC AFF. 315499 0 0 0 9930 0 33306 0 25412 0 384147 0 0 0 SPENCER KIMBALL DIR OF POLLING CENTER/ASSOC PROF 275131 0 0 0 240 0 8205 0 34912 0 318488 0 0 0 ROBERT J BUTLER JR ASSOCIATE VICE PRESIDENT, FINANCE 255528 0 0 0 3929 0 23288 0 23060 0 305805 0 0 0 SHAYA GREGORY POKU VP FOR EQUITY & SOCIAL JUSTICE 268280 0 0 0 1748 0 10434 0 3662 0 284124 0 0 0 PART I, LINE 1A FIRST CLASS TRAVEL THE PRESIDENT MAY TRAVEL VIA FIRST CLASS IN ORDER TO CARRY OUT HIS/HER DUTIES AS REQUIRED BY THE COLLEGE. THE PRESIDENT HAS THE AUTHORITY TO APPROVE FIRST CLASS TRAVEL FOR VICE PRESIDENTS WHEN WARRANTED AND WITH PRIOR APPROVAL. SUCH ACCOMMODATIONS FOR THE PRESIDENT AND VICE PRESIDENTS ARE NOT INCLUDED IN TAXABLE WAGES AS THEY ARE PROVIDED FOR THE BENEFIT OF THE COLLEGE. HOUSING & PERSONAL SERVICES AS A CONVENIENCE OF THE EMPLOYER, THE PRESIDENT RESIDED IN HOUSING LEASED BY THE COLLEGE. INCLUDED IN THE VALUE OF SCHEDULE J, PART II, COLUMN D IS THE VALUE OF THE HOUSING PROVIDING AND CERTAIN CARETAKING EXPENSES OF THE LEASED PROPERTY. ONE LISTED INDIVIDUAL RECEIVED A TAXABLE HOUSING ALLOWANCE. THE BENEFIT WAS TREATED AS TAXABLE COMPENSATION AND REPORTED ON SCHEDULE J PART II COLUMN (B)(III). TAX INDEMNIFICATION AND GROSS-UP PAYMENTS THE COLLEGE PROVIDED CERTAIN PAYMENTS TO EMPLOYEES REPORTED ON SCHEDULE J PART II THAT WERE GROSSED UP FOR TAX PURPOSES. THE BENEFIT WAS TREATED AS TAXABLE COMPENSATION AND REPORTED ON SCHEDULE J PART II COLUMN (B)(III). PART I, LINE 4B LINE 4B: WILLIAM GILLIGAN RECEIVED PAYMENT FROM A NON-QUALIFIED DEFERRED COMPENSATION ARRANGEMENT IN 2023. THIS IS INCLUDED ON SCHEDULE J, PART II, COLUMN BIII AND COLUMN F. PART I, LINE 7 ONE LISTED INDIVIDUAL RECEIVED A NON-FIXED BONUS FOR TRANSITION TIME AND EFFORT APPROVED BY THE INTERIM PRESIDENT. PART I, LINE 8 THE INDIVIDUAL'S INITIAL CONTACT INCLUDED A FIXED BONUS PAYMENT. A CMFA SERIES 2011 201563566 13048TMZ3 2011-12-08 55463072 LOS ANGELES BUILDING 1 0 0 B MDFA SERIES 2015 043431814 57583U7F9 2015-05-14 143055842 CONSTRUCTION OF DORM. & RENOV. 0 0 0 C MDFA SERIES 2016A 043431814 57584XD57 2016-12-06 204166939 RENOVATION OF DORM 0 0 0 D MDFA SERIES 2017A 043431814 57584XU74 2017-09-14 112429423 ADVANCE REFUND OF DEBT 0 0 0 A 1685000 52400000 55463072 4837952 621432 50003688 2014 0 0 1 1 B 25105000 143055842 7468507 892053 77471533 57223749 2017 0 1 1 1 C 20495000 204166939 15397662 1185722 187583555 2019 0 0 1 1 D 3735000 112429423 846841 111582582 2017 0 1 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 D 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 C 0 0 0 1 0 0 0 0 1 D 0 0 0 1 0 0 0 0 1 A 1 B 1 C 1 D 1 SCHEDULE K THE SERIES 2015 BONDS WERE ISSUED TO REFUND THE COLLEGE'S OUTSTANDING SERIES 2006 DEBT AS WELL AS FINANCE THE CONSTRUCTION OF THE 2 BOYLSTON PLACE DORMITORY. THE SERIES 2017A BONDS WERE ISSUED TO ADVANCE REFUND THE SERIES 2010A DEBT, AND THE COLLEGE FULLY DEFEASED THE REMAINDER OF THE SERIES 2010A ISSUANCE USING OPERATING CASH DURING FISCAL 2018. THE SERIES 2017B BONDS WERE ISSUED TO ADVANCE REFUND SERIES 2011 DEBT. PART IV, LINE 2C FOR THE SERIES 2011 ISSUANCE, THE REBATE CALCULATION WAS PERFORMED AS OF JUNE 30, 2017. FOR THE SERIES 2015 ISSUANCE, THE REBATE CALCULATION WAS PERFORMED AS OF JUNE 30, 2018. FOR THE SERIES 2016A AND SERIES 2017A ISSUANCES, THE REBATE CALCULATION WAS PERFORMED AS OF JUNE 30, 2020. FOR THE SERIES 2017 AND SERIES 2018 ISSUANCES, THE REBATE CALCULATION WAS PERFORMED AS OF JUNE 30, 2021. FOR ALL REBATE CALCULATIONS PERFORMED, NO REBATE WAS DUE. A CMFA SERIES 2017B 201563466 13048T6J7 2017-09-19 62717607 ADVANCE REFUND OF DEBT 0 0 0 B MDFA SERIES 2018 043431814 57584YFK0 2018-04-11 24367428 WORKING CAPITAL 0 0 0 A 62717607 55416465 523293 6777849 2017 0 1 1 1 B 460000 24367428 367428 24000000 2018 0 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 A 1 B 1 X 45 2619876 FAIR MARKET VALUE 0 0 1 0 PART I, COLUMN (B): AMOUNTS IN COLUMN (B) REPRESENT THE NUMBER OF CONTRIBUTIONS RECEIVED. FORM 990, PART I, LINE 6 THE COLLEGE IDENTIFIED THE AREAS AND DEPARTMENTS THAT USE VOLUNTEERS DURING THE TAX YEAR. THESE DEPARTMENTS WERE ASKED TO ESTIMATE THE NUMBER OF VOLUNTEERS USED FOR THE VARIOUS PROGRAMS. THE TYPES OF SERVICES PROVIDED BY THESE VOLUNTEERS INCLUDE PHONE-A-THONS, ORIENTATION, CAMPUS TOUR GUIDES, AND INFORMATION SESSIONS. THE NUMBER DOES NOT INCLUDE EMPLOYEES. FORM 990, PART V, LINE 1A: THE NUMBER FROM 2023 FORM 1096 BOX 3 INCLUDES 6,162 FORMS 1098-T. FORM 990, PART VI, SECTION A, LINE 1A EXECUTIVE COMMITTEE THE BYLAWS DELEGATES GENERAL SUPERVISION OF THE ADMINISTRATION AND PROPERTY OF THE COLLEGE TO AN EXECUTIVE COMMITTEE IN BETWEEN MEETINGS OF THE BOARD OF TRUSTEES. THE EXECUTIVE COMMITTEE INCLUDES TRUSTEES DESIGNATED BY THE CHAIR. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS THE FORM 990 IS PREPARED BY A TAX ADVISORY FIRM WITH INFORMATION PROVIDED BY MANAGEMENT. A DRAFT FORM 990 IS GIVEN TO THE AUDIT COMMITTEE FOR THEIR REVIEW. DURING THIS REVIEW, QUESTIONS REGARDING THE DRAFT FORM 990 ARE ANSWERED BY MANAGEMENT. CHANGES ARE MADE IF NECESSARY. THE FORM 990 IS THEN MADE AVAILABLE TO ALL MEMBERS OF THE GOVERNING BODY BEFORE THE FORM IS ELECTRONICALLY FILED WITH THE IRS AND MADE PUBLICLY AVAILABLE. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY THE BY-LAWS OF THE BOARD OF TRUSTEES CONTAINS A WRITTEN CONFLICT OF INTEREST POLICY. MEMBERS OF THE BOARD COMPLETE ANNUAL CONFLICT OF INTEREST QUESTIONNAIRES. A TRUSTEE SHOULD DISCLOSE AN ACTUAL/POTENTIAL CONFLICT TO THE CHAIR (OR VICE-CHAIR) AND GENERAL COUNSEL. AS A BEST PRACTICE, OFFICERS AND KEY EMPLOYEES ALSO ACKNOWLEDGE RECEIPT OF, AND FAMILIARITY WITH THE POLICY, AND COMPLETE AN ANNUAL CONFLICT OF INTEREST QUESTIONNAIRE. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION REVIEW THE PURPOSE OF THE COMPENSATION COMMITTEE IS TO ESTABLISH A FAIR AND APPROPRIATE COMPENSATION PACKAGE FOR THE PRESIDENT. THE COMMITTEE MAY ALSO, UPON REQUEST OF THE PRESIDENT, ADVISE ON COMPENSATION OF THE OTHER HIGHLY COMPENSATED MEMBERS OF THE ADMINISTRATION. THE PRESIDENT MAY NOT ATTEND MEETINGS OF THE COMPENSATION COMMITTEE WHEN THE PRESIDENT'S COMPENSATION IS UNDER CONSIDERATION. ALL COMPENSATION AT THE COLLEGE IS BASED ON COMPARATIVE DATA AND DOCUMENTED EITHER IN BOARD MINUTES OR HUMAN RESOURCES RECORDS. FORM 990, PART VI, SECTION C, LINE 19 PUBLIC INSPECTION EMERSON COLLEGE'S FORM 990 AND 990-T ARE AVAILABLE UPON REQUEST. DURING THE YEAR, THE COLLEGE RECEIVES REGULAR REQUESTS FOR THE TAX DOCUMENTS AND THESE REQUESTS ARE NORMALLY FULFILLED WITHIN A DAY. THE COLLEGE MAKES AVAILABLE ITS GOVERNING DOCUMENTS (BY-LAWS) ON THE COLLEGE'S WEBSITE. THE COLLEGE MAKES AVAILABLE ON ITS WEBSITE ITS CONFLICT OF INTEREST POLICY AND ITS FINANCIAL STATEMENTS. FORM 990, PART XI, LINE 9: MARLBORO TRANSACTION CONTRIBUTION 1,789,803.