FURP.ORG / PUBLIC DATA EXPLORER

RHODE ISLAND SCHOOL OF DESIGN: Form 990, tax year 2017

View the entire original 990 at ProPublica ↗

Organization
RHODE ISLAND SCHOOL OF DESIGN (EIN 05-0258956)
Tax period
2017-07-01 to 2018-06-30
Filed
2019-05-15
IRS object ID
201901359349307530
Schema version
2017v2.3
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2019-05-15T13:24:22-05:00ReturnTs
Tax Period End2018-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1PricewaterhouseCoopers LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1101 SEAPORT BLVD SUITE 500AddressLine1Txt
CityBOSTONCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02210ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2017-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN050258956EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Rhode Island School of DesignBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% THOMAS MATTOS CONTROLLERInCareOfNm
Business Name ControlRHODBusinessNameControlTxt
Phone4014546766PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1TWO COLLEGE STREETAddressLine1Txt
CityPROVIDENCECityNm
State AbbreviationRIStateAbbreviationCd
ZIP02903ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDAVID PROULXPersonNm
Person TitleSVP FINANCE & ADMINPersonTitleTxt
Phone4014546766PhoneNum
Signature2019-05-09SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonERIN COUTUREPreparerPersonNm
PTINP01390592PTIN
Phone6175305000PhoneNum
Preparation2019-05-06PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address155.201.188.33IPv4AddressTxt
FieldValueIRS element (for citing)
Federal Original Submission Id04363820191355000051FederalOriginalSubmissionId
Federal Original Submission Id2019-05-15FederalOriginalSubmissionIdDt
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device Id6782646C9786806572048819E19032829BC88B8AAtSubmissionCreationDeviceId
At Submission Filing Device Id87FDEE12F479A0387253A49DE646509B72F386A6AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2017TaxYr
Build TS2019-02-21 02:37:17ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerROSANNE SOMERSONPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1TWO COLLEGE STAddressLine1Txt
CityPROVIDENCECityNm
State AbbreviationRIStateAbbreviationCd
ZIP02903ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$529,540,134GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.RISD.EDUWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1877FormationYr
Legal Domicile StateRILegalDomicileStateCd
Activity Or MissionSEE SCHEDULE O.ActivityOrMissionDesc
Voting Members Governing Body21VotingMembersGoverningBodyCnt
Voting Members Independent20VotingMembersIndependentCnt
Total Employee3509TotalEmployeeCnt
Total Volunteers104TotalVolunteersCnt
Total Gross UBI$381,083TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm-$178,607NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$13,094,701PYContributionsGrantsAmt
CY Contributions Grants$18,924,283CYContributionsGrantsAmt
PY Program Service Revenue$150,072,765PYProgramServiceRevenueAmt
CY Program Service Revenue$153,742,925CYProgramServiceRevenueAmt
PY Investment Income$5,600,047PYInvestmentIncomeAmt
CY Investment Income$43,765,181CYInvestmentIncomeAmt
PY Other Revenue$506,437PYOtherRevenueAmt
CY Other Revenue$646,114CYOtherRevenueAmt
PY Total Revenue$169,273,950PYTotalRevenueAmt
CY Total Revenue$217,078,503CYTotalRevenueAmt
PY Grants And Similar Paid$21,629,358PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$22,329,192CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$85,344,219PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$88,812,589CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$3,981,103CYTotalFundraisingExpenseAmt
PY Other Expenses$55,746,695PYOtherExpensesAmt
CY Other Expenses$59,424,955CYOtherExpensesAmt
PY Total Expenses$162,720,272PYTotalExpensesAmt
CY Total Expenses$170,566,736CYTotalExpensesAmt
PY Revenues Less Expenses$6,553,678PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$46,511,767CYRevenuesLessExpensesAmt
Total Assets BOY$599,409,732TotalAssetsBOYAmt
Total Assets EOY$627,213,718TotalAssetsEOYAmt
Total Liabilities BOY$186,494,573TotalLiabilitiesBOYAmt
Total Liabilities EOY$180,189,942TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$412,915,159NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$447,023,776NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionSEE SCHEDULE O.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$137,792,728ExpenseAmt
Grant$22,329,192GrantAmt
Revenue$150,084,852RevenueAmt
DescEDUCATION - PROVIDE EDUCATIONAL SERVICES TO APPROXIMATELY 2,439 FULLTIME STUDENTS, 2,945 SUMMER 2017 STUDENTS AND 3,120 EXTENSION SCHOOL STUDENTS.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$9,033,884ExpenseAmt
Revenue$3,658,073RevenueAmt
DescMUSEUM - THE RISD MUSEUM EDUCATES AND INSPIRES STUDENTS AND THE PUBLIC THROUGH EXHIBITIONS, LECTURES, TOURS, WORKSHOPS AND PUBLICATIONS.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$146,826,612TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesYes (true)LobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtYes (true)CollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Temp Or Permanent EndowmentsYes (true)TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecYes (true)ReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesYes (true)ReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (true)ConsolidatedAuditFinclStmtInd
School OperatingYes (true)SchoolOperatingInd
Foreign OfficeYes (true)ForeignOfficeInd
Foreign ActivitiesYes (true)ForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesYes (true)FundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsYes (true)GrantsToIndividualsInd
Schedule J RequiredYes (true)ScheduleJRequiredInd
Tax Exempt BondsYes (true)TaxExemptBondsInd
Invest Tax Exempt BondsfalseInvestTaxExemptBondsInd
Escrow AccountfalseEscrowAccountInd
On Behalf Of IssuerfalseOnBehalfOfIssuerInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With Officer EntfalseBusinessRlnWithOfficerEntInd
Deductible Non Cash ContriYes (true)DeductibleNonCashContriInd
Deductible Art ContributionYes (true)DeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityYes (true)DisregardedEntityInd
Related EntityYes (true)RelatedEntityInd
Related Organization Ctrl EntYes (true)RelatedOrganizationCtrlEntInd
Transaction With Control EntYes (true)TransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document2608IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee3509EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (true)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (true)Form990TFiledInd
Foreign Financial AccountYes (true)ForeignFinancialAccountInd
Foreign CountryITForeignCountryCd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsfalseQuidProQuoContributionsInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members21GoverningBodyVotingMembersCnt
Independent Voting Member20IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersYes (true)ElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyfalseDocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherYes (true)CompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
States Where Copy Of Return Is FldCAStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonTHOMAS MATTOS CONTROLLERPersonNm
Phone4014546649PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12 COLLEGE STAddressLine1Txt
CityPROVIDENCECityNm
State AbbreviationRIStateAbbreviationCd
ZIP02903ZIPCd
FieldValueIRS element (for citing)
Info In Schedule O Part VIIYes (X)InfoInScheduleOPartVIIInd

Form990 Part VII Section A Form990PartVIISectionAGrp (32 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtKey EmployeeKeyEmployeeIndHighest Compensated EmployeeHighestCompensatedEmployeeInd
MICHAEL H SPALTER
TRUSTEE/CHAIR OF BOARD2.00.0Yes (X)Yes (X)$0$0$0
RICHARD W HAINING
TRUSTEE/VICE CHAIR OF BOARD2.01.0Yes (X)Yes (X)$0$0$0
MARGARET A WILLIAMS
TRUSTEE/VICE CHAIR OF BOARD2.00.0Yes (X)Yes (X)$0$0$0
DAVID C BARCLAY
TRUSTEE2.00.0Yes (X)$0$0$0
JOHN H BEUG
TRUSTEE2.00.0Yes (X)$0$0$0
J SCOTT BURNS
TRUSTEE2.00.0Yes (X)$0$0$0
ERICA DI BONA
TRUSTEE2.00.0Yes (X)$0$0$0
KIM GASSETT-SCHILLER
TRUSTEE2.00.0Yes (X)$0$0$0
JOE GEBBIA
TRUSTEE2.00.0Yes (X)$0$0$0
ROBERT W GLASS
TRUSTEE2.00.0Yes (X)$0$0$0
KAREN HAMMOND
TRUSTEE2.01.0Yes (X)$0$0$0
JON KAMEN
TRUSTEE2.00.0Yes (X)$0$0$0
VIKRAM KIRLOSKAR
TRUSTEE2.00.0Yes (X)$0$0$0
MARY LOVEJOY
TRUSTEE2.00.0Yes (X)$0$0$0
STEPHEN A METCALF
TRUSTEE2.00.0Yes (X)$0$0$0
NICOLE J MILLER
TRUSTEE2.00.0Yes (X)$0$0$0
STEVEN G PERELMAN
TRUSTEE2.00.0Yes (X)$0$0$0
LISA PEVAROFF-COHN
TRUSTEE2.00.0Yes (X)$0$0$0
TAVARES STRACHAN
TRUSTEE2.00.0Yes (X)$0$0$0
ROLAND V STURM
TRUSTEE2.00.0Yes (X)$0$0$0
ROSANNE SOMERSON
PRESIDENT50.01.0Yes (X)Yes (X)$562,739$0$78,428
AMITA CHATTERJEE
TRUSTEE (UNTIL 10/17)2.00.0Yes (X)$0$0$0
SAMUEL B SOLOMON
CFO (UNTIL 7/31/17)50.01.0Yes (X)$150,776$0$27,962
STEVEN J MCDONALD
GENERAL COUNSEL/SECRETARY50.00.0Yes (X)$234,471$0$48,887
DAVID PROULX
SVP FIN & ADMIN (START 4/18)50.01.0Yes (X)$0$0$0
PRADEEP SHARMA
PROVOST50.00.0$298,991$0$48,743Yes (X)
JOHN W SMITH
DIRECTOR MUSEUM OF ART50.00.0$275,932$0$39,779Yes (X)
RICHARD MICKOOL
CHIEF INFORMATION OFFICER50.00.0$204,074$0$20,236Yes (X)
BRIAN L GOLDBERG
VP OF STRATEGIC INITIATIVES50.00.0$177,108$0$78,975Yes (X)
CANDACE BAER
VP HUMAN RESOURCES50.00.0$205,692$0$47,753Yes (X)
ANAIS MISSAKIAN
PROFESSOR50.00.0$202,270$0$32,814Yes (X)
MARIA ALESSANDRA L HERMANO
VP OF INTEGRATED PLANNING50.00.0$180,524$0$53,883Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$2,492,577TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$477,460TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K128IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (true)TotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
SITE SPECIFIC
141 GANO STREETPROVIDENCERI02906CONSTRUCTION SVCS$6,491,945
SHAWMUT DESIGN CONSTRUCTION
560 HARRISON AVENUEBOSTONMA02118CONSTRUCTION SVCS$1,815,535
BOND BROTHERS
10 CABOT ROAD SUITE 300MEDFORDMA02155CONSTRUCTION SVCS$982,122
GLOBAL ENDOWMENT MANAGEMENT LP
550 S TRYON STREET SUITE 3500CHARLOTTENC28202INVESTMENT MGMT$832,178
NADER TEHRANI
1920 WASHINGTON STREET 2BOSTONMA02118ARCHITECT SVCS$562,879
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K34CntrctRcvdGreaterThan100KCnt
Fundraising$43,000FundraisingAmt
Government Grants$3,265,780GovernmentGrantsAmt
All Other Contributions$15,615,503AllOtherContributionsAmt
Noncash Contributions$1,439,036NoncashContributionsAmt
Total Contributions$18,924,283TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtExclusionExclusionAmt
TUITION/ROOM/BOARD900099$149,179,409$149,179,409
MUSEUM900099$795,151$795,151
BOOK/SUPPLY STORE451211$3,768,365$3,768,365
FieldValueIRS element (for citing)
Total Program Service Revenue$153,742,925TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$5,062,224TotalRevenueColumnAmt
Unrelated Business Revenue-$272,315UnrelatedBusinessRevenueAmt
Exclusion$5,334,539ExclusionAmt

Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Royalties Revenue RoyaltiesRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$0RealAmt
Personal$0PersonalAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$351,146,541SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$311,249,654SecuritiesAmt
Other$1,193,930OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$39,896,887SecuritiesAmt
Other-$1,193,930OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$38,702,957TotalRevenueColumnAmt
Unrelated Business Revenue$15,237UnrelatedBusinessRevenueAmt
Exclusion$38,687,720ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$26,000FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$43,000ContriRptFundraisingEventAmt
Fundraising Direct Expenses$18,047FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$7,953TotalRevenueColumnAmt
Exclusion$7,953ExclusionAmt
FieldValueIRS element (for citing)
Gaming Gross Income$0GamingGrossIncomeAmt
Gaming Direct Expenses$0GamingDirectExpensesAmt

Net Income From Gaming NetIncomeFromGamingGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt
FieldValueIRS element (for citing)
Gross Sales Of Inventory$0GrossSalesOfInventoryAmt
Cost Of Goods Sold$0CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtUnrelated Business RevenueUnrelatedBusinessRevenueAmt
RISD WORKS453220$371,669$371,669
OUTSIDE CATERING722320$177,108$177,108
ALL OTHER REVENUE711120$89,384$89,384
FieldValueIRS element (for citing)
Other Revenue Total$638,161OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$217,078,503TotalRevenueColumnAmt
Related Or Exempt Func Income$149,974,560RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$381,083UnrelatedBusinessRevenueAmt
Exclusion$47,798,577ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$22,329,192TotalAmt
Program Services$22,329,192ProgramServicesAmt

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Benefits To Members BenefitsToMembersGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$1,791,224TotalAmt
Program Services$677,419ProgramServicesAmt
Management And General$748,815ManagementAndGeneralAmt
Fundraising$364,990FundraisingAmt

Comp Disqual Persons CompDisqualPersonsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$67,683,157TotalAmt
Program Services$61,543,228ProgramServicesAmt
Management And General$4,660,615ManagementAndGeneralAmt
Fundraising$1,479,314FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$4,467,305TotalAmt
Program Services$3,931,981ProgramServicesAmt
Management And General$399,985ManagementAndGeneralAmt
Fundraising$135,339FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$10,088,771TotalAmt
Program Services$8,879,818ProgramServicesAmt
Management And General$903,308ManagementAndGeneralAmt
Fundraising$305,645FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$4,782,132TotalAmt
Program Services$4,209,082ProgramServicesAmt
Management And General$428,173ManagementAndGeneralAmt
Fundraising$144,877FundraisingAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$549,147TotalAmt
Management And General$549,147ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$321,863TotalAmt
Management And General$321,863ManagementAndGeneralAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$868,271TotalAmt
Management And General$868,271ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$3,648,270TotalAmt
Program Services$2,336,273ProgramServicesAmt
Management And General$1,002,687ManagementAndGeneralAmt
Fundraising$309,310FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$351,116TotalAmt
Program Services$351,116ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$13,612,857TotalAmt
Program Services$12,086,667ProgramServicesAmt
Management And General$1,355,178ManagementAndGeneralAmt
Fundraising$171,012FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$7,564,765TotalAmt
Program Services$6,540,972ProgramServicesAmt
Management And General$756,814ManagementAndGeneralAmt
Fundraising$266,979FundraisingAmt

Royalties RoyaltiesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$7,191,764TotalAmt
Program Services$2,568,290ProgramServicesAmt
Management And General$4,623,474ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$3,122,471TotalAmt
Program Services$2,897,263ProgramServicesAmt
Management And General$6,593ManagementAndGeneralAmt
Fundraising$218,615FundraisingAmt

Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$4,260,964TotalAmt
Program Services$3,750,366ProgramServicesAmt
Management And General$381,510ManagementAndGeneralAmt
Fundraising$129,088FundraisingAmt

Payments To Affiliates PaymentsToAffiliatesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$10,969,738TotalAmt
Program Services$9,655,217ProgramServicesAmt
Management And General$982,187ManagementAndGeneralAmt
Fundraising$332,334FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$796,306TotalAmt
Program Services$796,306ProgramServicesAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
WORKS OF ART$457,791$457,791
OTHER RENTAL EXPENSES$1,470,574$1,271,039$139,890$59,645
MAINTENANCE SERVICES$2,817,771$1,904,369$901,744$11,658
DUES AND MEMBERSHIPS$246,506$222,848$6,303$17,355

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$1,174,781TotalAmt
Program Services$417,375ProgramServicesAmt
Management And General$722,464ManagementAndGeneralAmt
Fundraising$34,942FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$170,566,736TotalAmt
Program Services$146,826,612ProgramServicesAmt
Management And General$19,759,021ManagementAndGeneralAmt
Fundraising$3,981,103FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$25,750,961BOYAmt
EOY$39,453,947EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$9,035,006BOYAmt
EOY$9,133,608EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$2,267,624BOYAmt
EOY$5,184,249EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$3,464,782BOYAmt
EOY$2,333,205EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$3,572,648BOYAmt
EOY$3,268,152EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$1,488,352BOYAmt
EOY$1,557,611EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$860,876BOYAmt
EOY$1,010,471EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$410,194,278LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$197,899,066LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$203,208,752BOYAmt
EOY$212,295,212EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$146,831,174BOYAmt
EOY$17,923,218EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$177,586,259BOYAmt
EOY$326,627,872EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Intangible Assets IntangibleAssetsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$25,343,298BOYAmt
EOY$8,426,173EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$599,409,732BOYAmt
EOY$627,213,718EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$8,251,576BOYAmt
EOY$9,391,603EOYAmt

Grants Payable GrantsPayableGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$8,168,041BOYAmt
EOY$8,049,360EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$153,079,161BOYAmt
EOY$148,767,242EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Loans From Officers Directors LoansFromOfficersDirectorsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$16,995,795BOYAmt
EOY$13,981,737EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$186,494,573BOYAmt
EOY$180,189,942EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$293,845,390BOYAmt
EOY$309,536,961EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$68,573,847BOYAmt
EOY$78,945,181EOYAmt

Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$50,495,922BOYAmt
EOY$58,541,634EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$412,915,159BOYAmt
EOY$447,023,776EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$599,409,732BOYAmt
EOY$627,213,718EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$46,511,767ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$14,595,625NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$2,192,475OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredYes (true)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (true)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$9,550,572CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$12,894,987CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$7,161,271CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$13,094,701CurrentTaxYearMinus1YearAmt
Current Tax Year$18,924,283CurrentTaxYearAmt
Total$61,625,814TotalAmt

Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$9,550,572CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$12,894,987CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$7,161,271CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$13,094,701CurrentTaxYearMinus1YearAmt
Current Tax Year$18,924,283CurrentTaxYearAmt
Total$61,625,814TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$10,856,614SubstantialContributorsTotAmt
Public Support Total170$50,769,200PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$6,722,679CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$6,688,470CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$7,134,008CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$7,455,905CurrentTaxYearMinus1YearAmt
Current Tax Year$5,062,224CurrentTaxYearAmt
Total$33,063,286TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$94,917CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$74,772CurrentTaxYearMinus2YearsAmt
Total$169,689TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$22,118CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus2 Years$19,142CurrentTaxYearMinus2YearsAmt
Current Tax Year$26,000CurrentTaxYearAmt
Total$67,260TotalAmt
FieldValueIRS element (for citing)
Total Support$94,926,049TotalSupportAmt
Gross Receipts Rltd Activities$705,045,561GrossReceiptsRltdActivitiesAmt
Public Support CY1700.53483PublicSupportCY170Pct
Public Support PY1700.54674PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE A, PART II, LINE 10FormAndLineReferenceDesc
ExplanationOTHER INCOME FOR 2013, 2015, AND 2017 - FUNDRAISING EVENTSExplanationTxt

Schedule B IRS990ScheduleB

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
Total Grassroots LobbyingTotalGrassrootsLobbyingGrp
Total Direct LobbyingTotalDirectLobbyingGrp
Total Lobbying ExpendTotalLobbyingExpendGrp
Other Exempt Purpose ExpendOtherExemptPurposeExpendGrp
Total Exempt Purpose ExpendTotalExemptPurposeExpendGrp
Lobbying Nontaxable AmountLobbyingNontaxableAmountGrp
Grassroots NontaxableGrassrootsNontaxableGrp
Tot Lbbyng Grassroot Mns Non TxTotLbbyngGrassrootMnsNonTxGrp
Tot Lbby Expend Mns Lbbyng Non TxTotLbbyExpendMnsLbbyngNonTxGrp
VolunteersfalseVolunteersInd
Paid Staff Or ManagementYes (true)PaidStaffOrManagementInd
Media AdvertisementsfalseMediaAdvertisementsInd
Mailings MembersfalseMailingsMembersInd
Publications Or BroadcastfalsePublicationsOrBroadcastInd
Grants Other OrganizationsfalseGrantsOtherOrganizationsInd
Direct Contact LegislatorsYes (true)DirectContactLegislatorsInd
Direct Contact Legislators$8,066DirectContactLegislatorsAmt
Rallies DemonstrationsYes (true)RalliesDemonstrationsInd
Rallies Demonstrations$1,158RalliesDemonstrationsAmt
Other ActivitiesfalseOtherActivitiesInd
Total Lobbying Expenditures$9,224TotalLobbyingExpendituresAmt
Not Described Section501c3falseNotDescribedSection501c3Ind

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE C, PART II-B, LINE 1G, H, and IFormAndLineReferenceDesc
ExplanationRISD PAYS MEMBERSHIP DUES TO A NUMBER OF ARTS-AND-EDUCATION-RELATED AND PROFESSIONAL ORGANIZATIONS, SOME OF WHICH MAY ENGAGE IN LOBBYING ACTIVITIES ON BEHALF OF ALL MEMBERS. TOTAL MEMBERSHIP DUES PAID BY RISD DURING THE FISCAL YEAR WAS $255,079. WE ARE UNABLE TO DETERMINE THE SPECIFIC AMOUNT OF THAT TOTAL DEVOTED TO LOBBYING, BUT WE BELIEVE IT TO BE A RELATIVELY SMALL AND IMMATERIAL PORTION. A RISD EMPLOYEE DEVOTES A SMALL PORTION OF HER TIME TO PROMOTE RISD'S MISSION BY COMMUNICATING TO FEDERAL GOVERNMENT ENTITIES TO ADVOCATE FOR LEGISLATIVE AND POLICY INITIATIVES THAT SUPPORT HIGHER EDUCATION AND RISD'S AGENDA.ExplanationTxt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Art Public Exhibition AmountsArtPublicExhibitionAmountsGrp
Held Works ArtHeldWorksArtGrp
Collection Used Pub ExhibitionYes (X)CollectionUsedPubExhibitionInd
Coll Used Scholarly RsrchYes (X)CollUsedScholarlyRsrchInd
Collection Used PreservationYes (X)CollectionUsedPreservationInd
Coll Used Loan Or Exch ProgYes (X)CollUsedLoanOrExchProgInd

Collection Used Other Purposes CollectionUsedOtherPurposesGrp

FieldValueIRS element (for citing)
Collection Used Other PurposesYes (X)CollectionUsedOtherPurposesInd
Other PurposesEDUCATION OF ARTISTS & DESIGNERSOtherPurposesDesc
FieldValueIRS element (for citing)
Solicited Assets SalefalseSolicitedAssetsSaleInd

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$329,617,433BeginningYearBalanceAmt
Contributions$7,862,794ContributionsAmt
Investment Earnings Or Losses$27,613,364InvestmentEarningsOrLossesAmt
Grants Or Scholarships$3,349,337GrantsOrScholarshipsAmt
Other Expenditures$11,124,893OtherExpendituresAmt
Administrative Expenses$868,271AdministrativeExpensesAmt
End Year Balance$349,751,090EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$303,435,588BeginningYearBalanceAmt
Contributions$4,885,757ContributionsAmt
Investment Earnings Or Losses$36,450,289InvestmentEarningsOrLossesAmt
Grants Or Scholarships$3,654,454GrantsOrScholarshipsAmt
Other Expenditures$10,963,362OtherExpendituresAmt
Administrative Expenses$536,385AdministrativeExpensesAmt
End Year Balance$329,617,433EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$324,954,472BeginningYearBalanceAmt
Contributions$2,184,349ContributionsAmt
Investment Earnings Or Losses-$8,145,763InvestmentEarningsOrLossesAmt
Grants Or Scholarships$3,346,144GrantsOrScholarshipsAmt
Other Expenditures$11,202,308OtherExpendituresAmt
Administrative Expenses$1,009,018AdministrativeExpensesAmt
End Year Balance$303,435,588EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$321,597,157BeginningYearBalanceAmt
Contributions$6,119,731ContributionsAmt
Investment Earnings Or Losses$12,626,450InvestmentEarningsOrLossesAmt
Grants Or Scholarships$3,141,377GrantsOrScholarshipsAmt
Other Expenditures$11,138,739OtherExpendituresAmt
Administrative Expenses$1,108,750AdministrativeExpensesAmt
End Year Balance$324,954,472EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$298,532,484BeginningYearBalanceAmt
Contributions$3,344,013ContributionsAmt
Investment Earnings Or Losses$38,668,235InvestmentEarningsOrLossesAmt
Grants Or Scholarships$3,620,096GrantsOrScholarshipsAmt
Other Expenditures$14,358,116OtherExpendituresAmt
Administrative Expenses$969,363AdministrativeExpensesAmt
End Year Balance$321,597,157EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.66470BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.16130PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.17400TermEndowmentBalanceEOYPct
Endowments Held Unrelated OrgfalseEndowmentsHeldUnrelatedOrgInd
Endowments Held Related OrgfalseEndowmentsHeldRelatedOrgInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$9,675,598OtherCostOrOtherBasisAmt
Book Value$9,675,598BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$323,303,589OtherCostOrOtherBasisAmt
Depreciation$142,493,955DepreciationAmt
Book Value$180,809,634BookValueAmt
FieldValueIRS element (for citing)
Leasehold ImprovementsLeaseholdImprovementsGrp

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$62,192,019OtherCostOrOtherBasisAmt
Depreciation$55,405,111DepreciationAmt
Book Value$6,786,908BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$15,023,072OtherCostOrOtherBasisAmt
Book Value$15,023,072BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$212,295,212TotalBookValueLandBuildingsAmt
Financial DerivativesFinancialDerivativesGrp
Closely Held Equity InterestsCloselyHeldEquityInterestsGrp

Other Securities OtherSecuritiesGrp

FieldValueIRS element (for citing)
DescALTERNATIVE INVESTMENTSDesc
Book Value$326,627,872BookValueAmt
Method ValuationFMethodValuationCd
FieldValueIRS element (for citing)
Total Book Value Securities$326,627,872TotalBookValueSecuritiesAmt
Federal Income Tax Liability$0FederalIncomeTaxLiabilityAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)

DescDescAmtAmt
US GOVERNMENT LOAN FUNDS$1,916,673
INTEREST RATE SWAP$2,058,194
ASSET RETIREMENT OBLIGATION$5,037,553
CAPITAL LEASE OBLIG - LONG-TER$4,969,317
FieldValueIRS element (for citing)
Total Liability$13,981,737TotalLiabilityAmt
Total Rev Etc Audited Fincl Stmt$182,580,542TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst-$14,595,625NetUnrealizedGainsInvstAmt
Other Revenue$3,295,128OtherRevenueAmt
Revenue Not Reported-$11,300,497RevenueNotReportedAmt
Revenue Subtotal$193,881,039RevenueSubtotalAmt
Investment Expenses Not Incld$868,271InvestmentExpensesNotIncldAmt
Other Revenues Not Included$22,329,193OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt$23,197,464RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$217,078,503TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$147,921,380TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$552,108OtherExpensesIncludedAmt
Expenses Not Reported$552,108ExpensesNotReportedAmt
Expenses Subtotal$147,369,272ExpensesSubtotalAmt
Investment Expenses Not Incld2$868,271InvestmentExpensesNotIncld2Amt
Other Expenses Not Included$22,329,193OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$23,197,464ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$170,566,736TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
COLLECTIONS OF ART, HISTORICAL TREASURERS OR OTHER ASSETSSCHEDULE D, PART III, LINE 1A THE MAJORITY OF THE SCHOOL'S COLLECTIONS RESIDES IN THE MUSEUM AND CONSISTS OF ARTIFACTS OF HISTORICAL SIGNIFICANCE, ART OBJECTS AND BOOKS THAT ARE HELD FOR EDUCATIONAL, RESEARCH AND CURATORIAL PURPOSES. EACH OF THE ITEMS ARE CATALOGUED, PRESERVED AND CARED FOR AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED PERIODICALLY. THE COLLECTIONS ARE SUBJECT TO A POLICY THAT REQUIRES PROCEEDS FROM THEIR SALES TO BE USED TO ACQUIRE OTHER ITEMS FOR COLLECTIONS. THE SCHOOL EXPENDED $449,861 AND $631,821 FOR ACQUISITIONS DURING THE YEARS ENDED JUNE 30, 2018 AND 2017, RESPECTIVELY. THE SCHOOL SOLD COLLECTIONS IN THE AMOUNT OF $26,208 DURING THE YEAR ENDED JUNE 30, 2017. THE SALES PROCEEDS WERE SUBSEQUENTLY REINVESTED IN THE COLLECTION.
SCHEDULE D, PART III, LINE 4THE MUSEUM OF ART, ALSO KNOWN AS THE RISD MUSEUM, IS RHODE ISLAND'S LEADING MUSEUM OF FINE AND DECORATIVE ART, HOUSING A COLLECTION OF 97,248 OBJECTS OF INTERNATIONAL SIGNIFICANCE IN SEVEN CURATORIAL COLLECTIONS. IT IS SOUTHEASTERN NEW ENGLAND'S ONLY COMPREHENSIVE ART MUSEUM AND IS ACCREDITED BY THE AMERICAN ASSOCIATION OF MUSEUMS. THE RISD MUSEUM STRIVES TO BE A VITAL CULTURAL RESOURCE BY EDUCATING AND INSPIRING A WIDE VARIETY OF AUDIENCES: FAMILIES AND INDIVIDUALS, SCHOLARS AND RESEARCHERS, ARTISTS AND DESIGNERS, AND STUDENTS OF ALL AGES. THE MUSEUM MAINTAINS AN ACTIVE PROGRAM OF EXHIBITIONS, LECTURES, TOURS, WORKSHOPS AND PUBLICATIONS DEDICATED TO THE INTERPRETATION OF ART AND DESIGN FROM DIVERSE CULTURES RANGING FROM ANCIENT TIMES TO THE PRESENT.
ENDOWMENT FUNDSSCHEDULE D, PART V, LINE 4 THE INTENT OF THE ENDOWMENT FUND IS TO GENERATE INVESTMENT EARNINGS AS A SOURCE OF REVENUE FOR FUNDING THE SCHOOL'S GENERAL OPERATING ACTIVITIES AND FOR FUNDING SPECIFIC PURPOSES, EITHER RESTRICTED BY DONORS OR INTERNALLY DESIGNATED BY THE BOARD OF TRUSTEES. EXAMPLES OF SPECIFIC PURPOSES INCLUDE SCHOLARSHIP FOR STUDENTS, FACILITIES UPKEEP, RESEARCH, AND SUPPORT FOR THE MUSEUM AND OTHER ACADEMIC OPERATIONS.
OTHER LIABILITIESSCHEDULE D, PART X, LINE 2 THE RHODE ISLAND SCHOOL OF DESIGN DOES NOT HAVE A FIN 48 (ASC 740) STATEMENT.
SCHEDULE D, PART XI, LINE 2DUNREALIZED DEPRECIATION ON SWAP VALUATION $ 2,619,585 RISD HOLDINGS REVENUE NET OF ELIMINATING ENTRIES $ 221,765 INTERNAL CATERING ELIMS $ 435,731 MUSEUM FUNDRAISING $ 18,047 -------------- TOTAL SCHEDULE D, PART XI, LINE 2D $ 3,295,128 SCHEDULE D, PART XI, LINE 4B SCHOLARSHIPS $22,329,193 SCHEDULE D, PART XII, LINE 2D RISD HOLDINGS EXPENSE NET OF ELIMINATING ENTRIES $ 98,330 INTERNAL CATERING ELIMS $ 435,731 MUSEUM FUNDRAISING $ 18,047 ------------- TOTAL SCHEDULE D, PART XII, LINE 2D $ 552,108 SCHEDULE D, PART XII, LINE 4B SCHOLARSHIPS $22,329,193

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (true)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (true)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (true)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (true)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (true)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (true)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (true)MaintainCpyOfAllSolInd
Discriminate Race Stdnts RghtsfalseDiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss PlcyfalseDiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm FcultyfalseDiscriminateRaceEmplmFcultyInd
Discriminate Race SchsfalseDiscriminateRaceSchsInd
Discriminate Race Educ PlcyfalseDiscriminateRaceEducPlcyInd
Discriminate Race Use Of FcltsfalseDiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt ProgfalseDiscriminateRaceAthltProgInd
Discriminate Race Other ActyfalseDiscriminateRaceOtherActyInd
Government Financial Aid RcvdYes (true)GovernmentFinancialAidRcvdInd
Government Financial Aid RvkdfalseGovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (true)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE E, LINE 3THE SCHOOL'S RACIALLY NONDISCRIMINATORY POLICY CAN BE FOUND IN THE RHODE ISLAND SCHOOL OF DESIGN CATALOG AND STUDENT HANDBOOK. THE POLICY CAN ALSO BE FOUND AT HTTP://WWW.RISD.EDU/ABOUT/POLICIES-DISCLOSURES.
SCHEDULE E, LINE 6FINANCIAL AID IS RECEIVED FROM THE US DEPARTMENT OF EDUCATION IN THE FORM OF FEDERAL COLLEGE WORK STUDY, FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS, FEDERAL PELL GRANTS, FEDERAL PERKINS LOANS, FEDERAL DIRECT LOANS AND FEDERAL PLUS LOANS WHICH ARE ADMINISTERED THROUGH THE DIRECT LOAN PROGRAM. IN ADDITION, THE COLLEGE RECEIVES FINANCIAL AID FROM VARIOUS STATE SCHOLARSHIP PROGRAMS AND OTHER FEDERAL AGENCIES, E.G. VETERANS ADMINISTRATION AND BUREAU OF INDIAN AFFAIRS.

Schedule F IRS990ScheduleF

Account Activities Outside US AccountActivitiesOutsideUSGrp (6 entries)

RegionRegionTxtOfficesOfficesCntEmployeeEmployeeCntType Of Activities ConductedTypeOfActivitiesConductedTxtSpecific Services ProvidedSpecificServicesProvidedTxtRegion Total ExpendituresRegionTotalExpendituresAmt
Europe (Including Iceland and Greenland)127Program ServicesINDEPENDENT STUDY$1,262,904
East Asia and the Pacific6Program ServicesINDEPENDENT STUDY$142,117
North America4Program ServicesINDEPENDENT STUDY$37,992
Sub-Saharan Africa3Program ServicesINDEPENDENT STUDY$91,467
Middle East and North Africa15Program ServicesINDEPENDENT STUDY$1,280,749
Central America and the CaribbeanInvestments$107,071,092
FieldValueIRS element (for citing)
Subtotal Offices1SubtotalOfficesCnt
Subtotal Employees55SubtotalEmployeesCnt
Total Office1TotalOfficeCnt
Total Employee55TotalEmployeeCnt
Subtotal Spent$109,886,321SubtotalSpentAmt
Total Spent$109,886,321TotalSpentAmt
Transfer To Foreign CorpYes (true)TransferToForeignCorpInd
Interest In Foreign TrustfalseInterestInForeignTrustInd
Foreign Corp OwnershipYes (true)ForeignCorpOwnershipInd
Passive Foreign Investmest CoYes (true)PassiveForeignInvestmestCoInd
Foreign PartnershipYes (true)ForeignPartnershipInd
Boycott CountriesYes (true)BoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE F, LINE 3, COLUMN FFormAndLineReferenceDesc
ExplanationRHODE ISLAND SCHOOL OF DESIGN TRACKS EXPENSES FOR EACH INTERNATIONAL PROGRAM USING SEPARATE ACCOUNT NUMBERS.ExplanationTxt

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1MUSEUM EXHIBITEvent1Nm
Gross Receipts Event1$69,000GrossReceiptsEvent1Amt
Charitable Contri Event1$43,000CharitableContriEvent1Amt
Gross Revenue Event1$26,000GrossRevenueEvent1Amt
Food And Beverage Event1$12,760FoodAndBeverageEvent1Amt
Other Direct Expenses Event1$5,287OtherDirectExpensesEvent1Amt
Other Events Total0OtherEventsTotalCnt
Gross Receipts Total$69,000GrossReceiptsTotalAmt
Charitable Contributions Tot$43,000CharitableContributionsTotAmt
Gross Revenue Total Events$26,000GrossRevenueTotalEventsAmt
Food And Beverage Total Events$12,760FoodAndBeverageTotalEventsAmt
Oth Direct Expnss Total Events$5,287OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$18,047DirectExpenseSummaryEventsAmt
Net Income Summary$7,953NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

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

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeSCHOLARSHIPS/GRANTSGrantTypeTxt
Recipient1150RecipientCnt
Non Cash Assistance$22,329,192NonCashAssistanceAmt
Valuation Method UsedBOOKValuationMethodUsedDesc
Non Cash AssistanceTUITION/FEESNonCashAssistanceDesc

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceMONITORING USE OF GRANTSFormAndLineReferenceDesc
ExplanationFINANCIAL AID IS CREDITED TO THE STUDENTS' ACCOUNTS TO COVER ANY OUTSTANDING INSTITUTIONAL CHARGES. ANY CREDIT BALANCE IS REFUNDED TO THE STUDENT TO BE USED FOR OTHER EDUCATIONAL-RELATED EXPENSES. STUDENTS RECEIVING FEDERAL AND/OR STATE AID MUST COMPLETE THE FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA). BY SIGNING THE FAFSA, THE STUDENT AGREES THAT HE OR SHE "WILL USE FEDERAL AND/OR STATE STUDENT FINANCIAL AID ONLY TO PAY THE COST OF ATTENDING AN INSTITUTION OF HIGHER EDUCATION."ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Compensation CommitteeYes (X)CompensationCommitteeInd
Independent ConsultantYes (X)IndependentConsultantInd
Form990 Of Other OrganizationsYes (X)Form990OfOtherOrganizationsInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance PaymentYes (true)SeverancePaymentInd
Supplemental Nonqual Rtr PlanfalseSupplementalNonqualRtrPlanInd
Equity Based Comp ArrngmfalseEquityBasedCompArrngmInd
Comp Based On Revenue Of Flng OrgfalseCompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related OrgsfalseCompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng OrgfalseCompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd OrgsfalseCompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsYes (true)AnyNonFixedPaymentsInd
Initial Contract ExceptionfalseInitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (10 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
SAMUEL B SOLOMON
CFO (UNTIL 7/31/17)$150,614$0$0$0$162$0$14,110$0$13,852$0$178,738$0$0$0
PRADEEP SHARMA
PROVOST$295,991$0$3,000$0$0$0$28,740$0$20,003$0$347,734$0$0$0
JOHN W SMITH
DIRECTOR MUSEUM OF ART$275,654$0$0$0$278$0$28,740$0$11,039$0$315,711$0$0$0
STEVEN J MCDONALD
GENERAL COUNSEL/SECRETARY$232,193$0$2,000$0$278$0$25,930$0$22,957$0$283,358$0$0$0
RICHARD MICKOOL
CHIEF INFORMATION OFFICER$202,274$0$1,800$0$0$0$20,170$0$66$0$224,310$0$0$0
BRIAN L GOLDBERG
VP OF STRATEGIC INITIATIVES$126,214$0$1,000$0$49,894$0$11,346$0$67,629$0$256,083$0$0$0
CANDACE BAER
VP HUMAN RESOURCES$205,414$0$0$0$278$0$22,188$0$25,565$0$253,445$0$0$0
ANAIS MISSAKIAN
PROFESSOR$202,036$0$0$0$234$0$23,900$0$8,914$0$235,084$0$0$0
MARIA ALESSANDRA L HERMANO
VP OF INTEGRATED PLANNING$177,024$0$3,500$0$0$0$18,302$0$35,581$0$234,407$0$0$0
ROSANNE SOMERSON
PRESIDENT$483,273$0$79,188$0$278$0$46,740$0$31,688$0$641,167$0$0$0

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceCOMPENSATION INFORMATIONFormAndLineReferenceDesc
ExplanationSCHEDULE J, PART I, LINE 4A BRIAN GOLDBERG RECEIVED A $49,894 SEVERANCE PAYMENT REPRESENTING 6 MONTHS OF SALARY CONTINUATION IN 2017. THIS PAYMENT IS INCLUDED IN SCHEDULE J, PART II, COLUMN B(III). SCHEDULE J, PART I, LINE 7 ON OCCASION CERTAIN INDIVIDUALS RECEIVE A BONUS OR OTHER FORM OF NON-FIXED PAYMENT IN RECOGNITION OF EXCELLENT JOB PERFORMANCE, AS A SIGN-ON BONUS OR OTHER ONE-TIME PAYMENT. THE AMOUNT OF SUCH BONUSES ARE SHOWN ON SCHEDULE J, PART II, COLUMN (B)(II).ExplanationTxt

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (3 entries)

Bond ReferenceBondReferenceCdBond Issuer EINBondIssuerEINCUSIPCUSIPNumBond IssuedBondIssuedDtIssue PriceIssuePriceAmtPurposePurposeDescDefeasedDefeasedIndOn Behalf Of IssuerOnBehalfOfIssuerIndPool FinancingPoolFinancingInd
RHODE ISLAND HEALTH AND EDUC BUILDING CORP 2008AB
A521300173762197CG42008-03-27$93,780,000SEE PART VIfalsefalsefalse
RHODE ISLAND HEALTH AND EDUC BUILDING CORP 2012
B521300173762197KB62012-03-28$28,791,9882001 BOND REFUNDINGfalsefalsefalse
RHODE ISLAND HEALTH AND EDUC BUILDING CORP 2012B
C521300173762197KZ32012-08-29$57,055,6942004D BOND REFUNDfalsefalsefalse

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (3 entries)

Bond ReferenceBondReferenceCdRetiredRetiredAmtBond DefeasedBondDefeasedAmtTotal ProceedsTotalProceedsAmtIn Reserve FundInReserveFundAmtCapitalized InterestCapitalizedInterestAmtRefunding EscrowRefundingEscrowAmtIssuance Costs From ProceedsIssuanceCostsFromProceedsAmtCredit EnhancementCreditEnhancementAmtWorking Capital ExpendituresWorkingCapitalExpendituresAmtCapital ExpendituresCapitalExpendituresAmtOther Spent ProceedsOtherSpentProceedsAmtUnspentUnspentAmtSubstantial CompletionSubstantialCompletionYrCurrent RefundingCurrentRefundingIndAdvance RefundingAdvanceRefundingIndFinal Allocation MadeFinalAllocationMadeIndAdequate Books And Rec MaintAdequateBooksAndRecMaintInd
A$16,530,000$0$93,780,000$0$0$0$692,102$87,898$0$1,935,724$91,064,276$02008Yes (true)falseYes (true)Yes (true)
B$4,095,000$0$28,791,988$0$0$0$329,659$0$0$0$28,462,329$02012Yes (true)falseYes (true)Yes (true)
C$7,875,000$0$57,055,694$0$0$0$446,745$0$0$0$56,608,949$02012falseYes (true)Yes (true)Yes (true)

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (3 entries)

Bond ReferenceBondReferenceCdOwning Bond Financed PropertyOwningBondFinancedPropertyIndAny Lease ArrangementsAnyLeaseArrangementsIndMgmt Contract Bond Fincd PropMgmtContractBondFincdPropIndAny Research AgreementsAnyResearchAgreementsIndPrivate Bus Use By OthersPrivateBusUseByOthersPctPrivate Bus Concerning UBIPrivateBusConcerningUBIPctTotal Private Business UseTotalPrivateBusinessUsePctBond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestIndChange In Use Bond Financed PropChangeInUseBondFinancedPropIndRemedial Action TakenRemedialActionTakenIndProcs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd
AfalseYes (true)falsefalse0.002000.000000.00200falsefalsefalseYes (true)
B0
C0

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (3 entries)

Bond ReferenceBondReferenceCdForm8038 T FiledForm8038TFiledIndRebate Not Due YetRebateNotDueYetIndException To RebateExceptionToRebateIndNo Rebate DueNoRebateDueIndVariable Rate IssueVariableRateIssueIndHedge Identified In Bks And RecHedgeIdentifiedInBksAndRecIndTerm Of HedgeTermOfHedgePctSuperintegrated HedgeSuperintegratedHedgeIndHedge TerminatedHedgeTerminatedIndGross Proceeds Invested In GICGrossProceedsInvestedInGICIndBusiness Name Line1GICProviderName/BusinessNameLine1TxtGross Proceeds InvestedGrossProceedsInvestedIndWritten Proc To Monitor ReqsWrittenProcToMonitorReqsInd
BARCLAYS
AfalsefalseYes (true)falseYes (true)Yes (true)26.5falsefalsefalse0falseYes (true)
0
BfalsefalseYes (true)falsefalsefalsefalse0falseYes (true)
0
CfalsefalseYes (true)falsefalsefalsefalse0falseYes (true)

Procedures Corrective Action ProceduresCorrectiveActionGrp (3 entries)

Bond ReferenceBondReferenceCdProcedures Corrective ActionProceduresCorrectiveActionInd
AYes (true)
BYes (true)
CYes (true)

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PURPOSE OF BONDSCHEDULE K, PART I, COLUMN F A. 2008AB BOND - FACILITY AQUIS/CONST/EQUIP/RENOV; REFUNDING OF 2004A, 2004B, 2006A, AND 2006B BONDS.
SCHEDULE K, PART IV, LINE 2B, COLUMN ABOND PROCEEDS WERE SPENT IN ACCORDANCE WITH THE APPROVED SPENDING REQUIREMENTS, THUS NO REBATE PORTION.

Schedule M IRS990ScheduleM

Works Of Art WorksOfArtGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution917ContributionCnt
Noncash Contributions Rpt F990$0NoncashContributionsRptF990Amt
FieldValueIRS element (for citing)
Art Historical TreasuresArtHistoricalTreasuresGrp
Art Fractional InterestArtFractionalInterestGrp
Books And PublicationsBooksAndPublicationsGrp
Clothing And Household GoodsClothingAndHouseholdGoodsGrp
Cars And Other VehiclesCarsAndOtherVehiclesGrp
Boats And PlanesBoatsAndPlanesGrp
Intellectual PropertyIntellectualPropertyGrp

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution24ContributionCnt
Noncash Contributions Rpt F990$1,439,036NoncashContributionsRptF990Amt
Method Of Determining RevenuesFMVMethodOfDeterminingRevenuesTxt
FieldValueIRS element (for citing)
Securities Closely Held StockSecuritiesCloselyHeldStockGrp
Secur Prtnrshp Trust IntrstsSecurPrtnrshpTrustIntrstsGrp
Securities MiscellaneousSecuritiesMiscellaneousGrp
Qualified Contrib Hist StructQualifiedContribHistStructGrp
Qualified Contrib OtherQualifiedContribOtherGrp
Real Estate ResidentialRealEstateResidentialGrp
Real Estate CommercialRealEstateCommercialGrp
Real Estate OtherRealEstateOtherGrp
CollectiblesCollectiblesGrp
Food InventoryFoodInventoryGrp
Drugs And Medical SuppliesDrugsAndMedicalSuppliesGrp
TaxidermyTaxidermyGrp
Historical ArtifactsHistoricalArtifactsGrp
Scientific SpecimensScientificSpecimensGrp
Archaeological ArtifactsArchaeologicalArtifactsGrp

Other Non Cash Contri Table OtherNonCashContriTableGrp (2 entries)

Non Cash CheckboxNonCashCheckboxIndDescDescContributionContributionCntNoncash Contributions Rpt F990NoncashContributionsRptF990AmtMethod Of Determining RevenuesMethodOfDeterminingRevenuesTxt
Yes (X)PHOTOGRAPHY EQUIPMENT1$0FMV
Yes (X)TABLES AND CHAIRS1$0FMV
FieldValueIRS element (for citing)
Form8283 Received15Form8283ReceivedCnt
Any Property That Must Be HeldfalseAnyPropertyThatMustBeHeldInd
Review Process Unusual NC GiftsYes (true)ReviewProcessUnusualNCGiftsInd
Third Parties UsedYes (true)ThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE M, PART I, COLUMN BTHE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS.
SCHEDULE M, PART I, LINE 32AAUCTION HOUSE FACILITATED PUBLIC SALE OF NON-ACCESSIONED MUSEUM ITEMS.
SCHDULE M, PART I, LINE 33RHODE ISLAND SCHOOL OF DESIGN DOES NOT CAPITALIZE OR ASSIGN A VALUE TO ITS MUSEUM COLLECTIONS, BOOKS AND PUBLICATIONS, OR TO ANY INSIGNIFICANT ITEMS RECEIVED. THESE ITEMS ARE NOT RECOGNIZED AS ASSETS NOR AS REVENUE ON THE SCHOOL'S FINANCIAL STATEMENTS. ALSO SEE DESCRIPTION FOR SCHEDULE D, PART III, LINE 4.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
ORGANIZATION'S MISSIONFORM 990, PARTS I & III, LINE 1 THE MISSION OF RHODE ISLAND SCHOOL OF DESIGN, THROUGH ITS COLLEGE AND MUSEUM, IS TO EDUCATE ITS STUDENTS AND THE PUBLIC IN THE CREATION AND APPRECIATION OF WORKS OF ART AND DESIGN, TO DISCOVER AND TRANSMIT KNOWLEDGE AND TO MAKE LASTING CONTRIBUTIONS TO A GLOBAL SOCIETY THROUGH CRITICAL THINKING, SCHOLARSHIP AND INNOVATION.
GOVERNING BODY AND MANAGEMENTFORM 990, PART VI, LINE 1a The Executive Committee shall have and exercise all the authority of the Board between meetings of the Board, except for the authority to amend, alter, or repeal these bylaws; elect, appoint, or remove any Officer of the Board or of the College or any member of any committee of the Board; amend or restate the College's articles of incorporation; adopt a plan of merger or a plan of consolidation with another corporation; authorize the sale, lease, exchange, or mortgage of all or substantially all of the property and assets of the College; authorize the voluntary dissolution of the College or revoke proceedings for such dissolution; adopt a plan for the distribution of the assets of the College; or amend, alter, or repeal any resolution of the Board that by its terms provides that it shall not be amended, altered, or repealed by the Executive Committee. FORM 990, PART VI, LINE 7A BOTH RISD ALUMNI COUNCIL PRESIDENT AND IMMEDIATE PAST PRESIDENT FOR 2 YEARS AFTER TERM, SERVE AS EX-OFFICIO TRUSTEES.
WRITTEN POLICIES AND PROCEDURES990 REVIEW PROCESS Form 990, Part VI, Line 11B The process for the FY 2018 Form 990 includes review by senior management, the audit committee, and the independent external tax consultants. The audit committee is presented with a complete draft of the return for its review. The full board receives a final copy of Form 990 before it is filed.
CONFLICT OF INTERESTFORM 990, PART VI, LINE 12C ON AN ANNUAL BASIS, THE SCHOOL'S TRUSTEES' OFFICE DISTRIBUTES A SURVEY TO ALL OF THE TRUSTEES AND SENIOR ADMINISTRATORS REQUESTING INFORMATION ON MATTERS RELATING TO THE SCHOOL'S CONFLICT OF INTEREST POLICY. THERE ARE FOLLOW UP PROCEDURES TO ENSURE THAT SURVEYS ARE COMPLETED AND RETURNED FOR REVIEW. THE GENERAL COUNSEL'S OFFICE PROVIDES ASSISTANCE TO TRUSTEES AND SENIOR ADMINISTRATORS BY RESPONDING TO ANY QUESTIONS THEY MAY HAVE. IN ACCORDANCE WITH THE CONFLICT OF INTEREST POLICY, RESULTS OF THE COMPLETED SURVEYS ARE PRESENTED TO THE CHAIRS OF THE AUDIT COMMITTEE AND THE COMMITTEE ON TRUSTEES AND GOVERNANCE, AND THEN TO BOTH OF THOSE COMMITTEES FOR FINAL REVIEW. IN ADDITION TO THE ANNUAL SURVEY, THE TRUSTEES AND SENIOR ADMINISTRATORS ARE REQUIRED TO DISCLOSE ANY ADDITIONAL CONFLICTS THAT MAY ARISE DURING THE COURSE OF THE YEAR. PERIODIC REMINDERS ARE SENT OUT. FURTHER, WHENEVER ANY MATTER INVOLVING A CONFLICT OF INTEREST ON THE PART OF ANY TRUSTEE IS DISCUSSED OR PROPOSED FOR ACTION AT BOARD OR COMMITTEE MEETINGS, SUCH CONFLICT SHALL BE DISCLOSED TO OTHER TRUSTEES PRESENT, AND THE TRUSTEE HAVING SUCH CONFLICT SHALL NOT VOTE OR USE HIS OR HER PERSONAL INFLUENCE ON THE MATTER.
DOCUMENT RETENTION AND DESTRUCTIONFORM 990, PART VI, LINE 14 THE SCHOOL HAS A WRITTEN DOCUMENT RETENTION AND DESTRUCTION POLICY IN PLACE. THIS POLICY, HOWEVER, HAS NOT BEEN APPROVED BY THE BOARD OF TRUSTEES.
COMPENSATION PROCESSFORM 990, PART VI, LINE 15 THE SCHOOL'S PROCESS FOR DETERMINING COMPENSATION FOR ITS OFFICERS (INCLUDING THE PRESIDENT) AND KEY EMPLOYEES INCLUDES: 1. PREPARING A DESCRIPTION OF THE POSITION AND REQUIREMENTS VIA A FORMAL JOB DESCRIPTION, JOB SUMMARY, OR ADVERTISEMENT. 2. DEVELOPING AN UNDERSTANDING OF THE EXTERNAL MARKET FOR SIMILAR POSITIONS AND REQUIREMENTS VIA VARIOUS SOURCES SUCH AS: COMPENSATION SURVEYS (E.G., YAFFEE, SNE CUPA, THE SURVEY GROUP); OTHER ORGANIZATIONS' FORM 990 DATA; DIALOG WITH SEARCH FIRMS; AND KNOWLEDGE OF APPLICANT POOL AND CURRENT EARNINGS. 3. CONSIDERING THE EXTERNAL MARKET DATA LISTED ABOVE IN LIGHT OF INTERNAL OPERATING BUDGET AND INTERNAL EQUITY FACTORS. 4. UNDERSTANDING THE CANDIDATE'S PREVIOUS EXPERIENCE AND SKILL SET AS RELATED TO THE POSITION'S REQUIREMENTS AND THE COLLEGE'S NEEDS. 5. ENGAGING AN INDEPENDENT COMPENSATION CONSULTANT TO DETERMINE AND VERIFY REASONABLENESS OF THE COMPENSATION LEVELS FOR THE INDIVIDUAL. 6. PRESENTING A RECOMMENDED HIRING RANGE (OFFER) TO RISD'S OFFICERS AND BOARD OF TRUSTEES, AS APPROPRIATE, FOR APPROVAL. 7. GENERATING AN OFFER LETTER OR CONTRACT. RISD has a compensation committee of the board of trustees. The committee assists the board in establishing AND REVIEWING THE COMPENSATION OF RISD'S SENIOR ADMINISTRATIVE STAFF ON AN ONGOING BASIS. THE SUBCOMMITTEE CONSISTS OF THE CHAIR OF THE BOARD, THE VICE CHAIR(S) OF THE BOARD AND THE CHAIR OF THE FINANCE COMMITTEE OF THE BOARD, AND WILL BE ASSISTED BY THE SECRETARY, THE PRESIDENT, THE VICE PRESIDENT FOR HUMAN RESOURCES, AND/OR THE GENERAL COUNSEL WHEN APPROPRIATE. THE SUBCOMMITTEE REVIEWS EACH INITIAL OFFER, EACH ANNUAL ADJUSTMENT, AND ANY OTHER ADJUSTMENTS. IN SO DOING, THE SUBCOMMITTEE REVIEWS CURRENT COMPARABLE DATA WITH THE ASSISTANCE OF AN INDEPENDENT COMPENSATION CONSULTANT AND DOCUMENTS ITS DECISIONS IN ITS MINUTES.
ORGANIZATION DOCUMENTS AVAILABILITY TO PUBLICFORM 990, PART VI, LINE 19 RISD MAKES AVAILABLE TO THE PUBLIC ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND CONSOLIDATED FINANCIAL STATEMENTS BY POSTING THESE DOCUMENTS ON WWW.RISD.EDU AND ALSO BY REQUEST.
RECONCILIATION OF NET ASSETSFORM 990, PART XI, LINE 9 UNREALIZED DEPRECIATION ON SWAP VALUATION: $2,619,585 TRANSFER OF NET ASSETS TO RISD HOLDINGS: $ - 427,111 ROUNDING: $1 TOTAL: $ 2,192,475

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1TECHNOLOGY AND DESIGN BUILDINGS LLCBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line12 COLLEGE STREETAddressLine1Txt
CityPROVIDENCECityNm
State AbbreviationRIStateAbbreviationCd
ZIP02903ZIPCd
FieldValueIRS element (for citing)
EIN050258956EIN
Primary ActivitiesREAL ESTATEPrimaryActivitiesTxt
Legal Domicile StateRILegalDomicileStateCd
Total Income$26,416TotalIncomeAmt
End Of Year Assets$0EndOfYearAssetsAmt

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1RISDBusinessNameLine1Txt

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1RISD HOLDINGS INCBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line12 COLLEGE STREETAddressLine1Txt
CityPROVIDENCECityNm
State AbbreviationRIStateAbbreviationCd
ZIP02903ZIPCd
FieldValueIRS element (for citing)
EIN050508151EIN
Primary ActivitiesREAL ESTATEPrimaryActivitiesTxt
Legal Domicile StateRILegalDomicileStateCd
Exempt Code Section501(C)(25)ExemptCodeSectionTxt

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1RISDBusinessNameLine1Txt
FieldValueIRS element (for citing)
Controlled OrganizationYes (true)ControlledOrganizationInd

Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtPredominant Income TypePredominantIncomeTypeTxtShare Of Total IncomeShareOfTotalIncomeAmtShare Of EOY AssetsShareOfEOYAssetsAmt
WASHINGTON PLACE HOLDINGS LP
550 SOUTH TRYON ST STE 3500CHARLOTTENC28202611797922INVESTMENTNCRISDEXCLUDED$9,886,240$228,846,424
GCM GROSVENOR - RISD ENDOWMENT PE FUND
767 FIFTH AVENUE 14TH FLOORNEW YORKNY10153202269057INVESTMENTDERISDEXCLUDED$134,078$3,010,334

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp

Related Organization Name RelatedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1CHARITABLE REMAINDER TRUSTS (8)BusinessNameLine1Txt
FieldValueIRS element (for citing)
Primary ActivitiesFUNDRAISINGPrimaryActivitiesTxt
Legal Domicile StateMALegalDomicileStateCd

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1NABusinessNameLine1Txt
FieldValueIRS element (for citing)
Entity TypeTRUSTEntityTypeTxt
Controlled OrganizationfalseControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts RyltsYes (true)ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgfalseGiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgfalseGiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgYes (true)LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth OrgfalseLoansOrGuaranteesFromOthOrgInd
Div Related OrganizationfalseDivRelatedOrganizationInd
Asset Sale To Other OrgfalseAssetSaleToOtherOrgInd
Asset Purchase From Other OrgfalseAssetPurchaseFromOtherOrgInd
Asset ExchangefalseAssetExchangeInd
Rental Of Facilities To Oth OrgfalseRentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth OrgYes (true)RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgYes (true)PerformOfServicesForOthOrgInd
Perform Of Services By Other OrgfalsePerformOfServicesByOtherOrgInd
Sharing Of FacilitiesfalseSharingOfFacilitiesInd
Paid Employees SharingYes (true)PaidEmployeesSharingInd
Reimbursement Paid To Other OrgfalseReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgYes (true)ReimbursementPaidByOtherOrgInd
Transfer To Other OrgYes (true)TransferToOtherOrgInd
Transfer From Other OrgfalseTransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (6 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
RISD HOLDINGS INC
A$260,004CASH
RISD HOLDINGS INC
D$5,551,932CASH
RISD HOLDINGS INC
K$173,718CASH
RISD HOLDINGS INC
O$124,315CASH
RISD HOLDINGS INC
Q$319,171CASH
RISD HOLDINGS INC
R$427,111CASH

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE R, PART IV, LINE 1FormAndLineReferenceDesc
ExplanationCHARITABLE REMAINDER TRUSTS ARE DOMICILED IN MASSACHUSETTS, MARYLAND, CALIFORNIA, AND CONNECTICUT.ExplanationTxt