2017-04-12T10:33:44-05:00 2016-05-31 KPMG LLP 60 South Street Boston MA 02111 990 2015-06-01 042300472 BERKLEE COLLEGE OF MUSIC INC % DENISE M RICH BERK 6177472287 1140 BOYLSTON STREET BOSTON MA 022153693 RICHARD M HISEY CFO/ SVP ADMIN/FINAN 6177472288 2017-04-07 true TARA D'AGOSTINO P01245482 6179881000 2017-04-05 2015 2021-01-29 14:40:06Z ROGER H BROWN 1140 BOYLSTON STREET BOSTON MA 022153693 325682668 false X WWW.BERKLEE.EDU X 1945 MA THE MISSION OF BERKLEE COLLEGE OF MUSIC IS TO EDUCATE, TRAIN, AND DEVELOP STUDENTS TO EXCEL IN MUSIC AS A CAREER. 33 32 3684 30 1914512 512539 20940141 13969969 228917086 237659744 7549647 23110781 2143603 1378047 259550477 276118541 40894910 43700043 0 0 126527944 130602263 0 0 6046057 79502088 81623816 246924942 255926122 12625535 20192419 634104159 628070205 370029476 372857651 264074683 255212554 X THE MISSION OF BERKLEE COLLEGE OF MUSIC IS TO EDUCATE, TRAIN, AND DEVELOP STUDENTS TO EXCEL IN MUSIC AS A CAREER. SEE SCHEDULE O. true false 183493345 43700043 193540908 EDUCATION AND INSTRUCTION: THE PROGRAM IS PROVIDED TO DEVELOP THE SKILLS AND KNOWLEDGE OF STUDENTS SEEKING DEGREES IN MUSIC. THE COLLEGE PROVIDES OUTSTANDING FACULTY AND TEACHING FACILITIES FOR OVER 4,500 STUDENTS FROM THE US AND 101 FOREIGN COUNTRIES. THE COLLEGE ALSO OFFERS A NEW WAY FOR MUSICIANS AROUND THE WORLD TO JOIN THE GLOBAL MUSIC COMMUNITY-AS PERFORMERS, AS PRACTITIONERS, AND AS LEADERS WITH THE COLLEGE'S FIRST INTERNATIONAL CAMPUS IN VALENCIA. 15114868 20100641 BERKLEE ONLINE: BERKLEE COLLEGE OF MUSIC OFFERS DEGREES AND ACCREDITED PROGRAMS IN THE AREAS OF PRODUCTION, GUITAR, SONG WRITING, THEORY, HARMONY AND EAR TRAINING, AND THE MUSIC BUSINESS. CURRENTLY MORE THAN 8,900 STUDENTS PARTICIPATE IN ONLINE LEARNING. 11369324 24887589 AUXILIARY SERVICES: THE COLLEGE HAS RESIDENCE HALL FACILITIES TO PROVIDE HOUSING FOR THOSE STUDENTS THAT CHOOSE TO LIVE AT THE COLLEGE. 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-4795625 -4795625 276118541 270874757 14948635 14948635 255926122 255926122 ESCROW AND CUSTODIAL ARRANGEMENTS PART IV BERKLEE COLLEGE OF MUSIC IS 100% OWNER OF BERKLEE VALENCIA AND 50% OWNER OF AMP UP NYC LLC. THE COLLEGE MAINTAINS THE BOOKS AND RECORDS FOR THE RELATED ENTITIES. ENDOWMENT FUNDS PART V, LINE 4 ENDOWMENT ASSETS ARE INTENDED TO PROVIDE INCOME FOR CURRENT OPERATIONS AND OPERATIONS AND SCHOLARSHIPS WITHIN LEGAL SPENDING LIMITS. PERMANENT RESTRICTED ASSETS MUST BE HELD IN PERPETUITY. TEMPORARY RESTRICTED ASSETS ARE HELD FOR DONOR SPECIFIED TIME OR PURPOSE. LIABILITY FOR UNCERTAIN TAX POSITIONS UNDER FIN 48 (ASC 740) PART X, LINE 2 THE COLLEGE IS A TAX-EXEMPT ORGANIZATION DESCRIBED IN SECTION 501(c)(3) OF THE INTERNAL REVENUE CODE (THE CODE), AND IS GENERALLY EXEMPT FROM TAXES PURSUANT TO SECTION 501(a) OF THE CODE. ACCORDINGLY, IT IS GENERALLY NOT SUBJECT TO INCOME TAXES EXCEPT TO THE EXTENT IT HAS TAXABLE INCOME FROM ACTIVITIES THAT ARE NOT RELATED TO ITS EXEMPT PURPOSE. THE COLLEGE HAS GENERATED UNRELATED BUSINESS INCOME FOR THE YEAR ENDED MAY 31, 2016 BUT IT IS NOT SIGNIFICANT TO THE CONSOLIDATED FINANCIAL STATEMENTS. THE COLLEGE BELIEVES IT HAS TAKEN NO SIGNIFICANT UNCERTAIN TAX POSITIONS. OTHER REVENUE INCLUDED IN FINANCIAL STATEMENTS NOT ON RETURN PART XI, LINE 2D BERKLEE VALENCIA REVENUE 10,514,548 PENSION OBLIGATION CHANGES OTHER THAN NET PERIODIC COSTS (2,807,810) TOTAL 7,706,738 REVENUE INCLUDED ON RETURN BUT NOT IN FINANCIAL STATEMENTS PART XI, LINE 4B RECLASS OF FUNDRAISING EXPENSE (478,001) RECLASS OF RENTAL EXPENSE (1,690,444) BERKLEE LAPTOP PROGRAM COSTS OF GOODS SOLD (2,627,180) TOTAL (4,795,625) OTHER EXPENSES INCLUDED IN FINANCIAL STATEMENTS BUT NOT ON RETURN PART XII, LINE 2D BERKLEE VALENCIA EXPENSES 10,153,010 BERKLEE LAPTOP PROGRAM COSTS OF GOODS SOLD 2,627,180 RECLASS OF RENTAL EXPENSE 1,690,444 RECLASS OF FUNDRAISING EXPENSE 478,001 TOTAL 14,948,635 true true true true true true true false false false false false false false false true false true PUBLICIZE NONDISCRIMINATORY POLICY LINE 3 THE COLLEGE'S POLICY OF NONDISCRIMINATION IS PUBLISHED IN ALL COLLEGE CATALOGUES AND BROCHURES, ALL EMPLOYMENT ADVERTISEMENTS, AS WELL AS ON THE COLLEGE'S WEBSITE WWW.BERKLEE.EDU. FINANCIAL AID OR ASSISTANCE LINE 6A THE COLLEGE RECEIVES FEDERAL AND STATE STUDENT FINANCIAL AID IN THE FORM OF GRANTS, LOANS, AND WORK STUDY. Europe (Including Iceland and Greenland) 1 10 Program Services VALENCIA CAMPUS 10153010 Europe (Including Iceland and Greenland) Program Services STUDY ABROAD 39486 Central America and the Caribbean Investments 88171699 Central America and the Caribbean 9 Program Services STUDY ABROAD 34083 South America 4 Program Services STUDY ABROAD 51083 South Asia Program Services STUDY ABROAD 163936 North America 3 Program Services STUDY ABROAD 140728 1 26 1 26 98754025 98754025 true false true true true true PART I, LINE 3 THE ACTIVITY CONDUCTED IN SPAIN IS MANAGEMENT AND PROGRAM SERVICES, INCLUDING GRADUATE PROGRAMS, AND STUDY ABROAD FOR THE COLLEGE'S FIRST INTERNATIONAL CAMPUS. GALA 1989585 1805459 184126 300542 656 37000 99790 WESFEST 51262 51262 8374 1 32824 31751 1073 31639 2073671 1888472 185199 300542 656 37000 139803 478001 -292802 true INTERNAL SCHOLARSHIPS 2458 36767437 FMV EXTERNAL SCHOLARSHIPS 351 6104414 FMV MASSACHUSETTS STATE SCHOLARSHIPS 110 178400 FMV SEOG FINANCIAL AID AWARDS 253 350933 FMV COLLEGE WORK STUDY 301 298859 FMV ORGANIZATION'S PROCEDURE FOR MONITORING THE USE OF GRANT FUNDS PART I, LINE 2 THE COLLEGE'S OFFICE OF FINANCIAL AID IS RESPONSIBLE FOR AWARDING AND MONITORING ALL FEDERAL AND STATE GRANT ASSISTANCE. STUDENTS APPLY FOR FINANCIAL AID BY COMPLETING A FAFSA FORM WHICH CAPTURES THE DATA REQUIRED DETERMINING ELIGIBILITY BASED ON FEDERAL AND/OR STATE REGULATIONS. DOCUMENTATION TO SUPPORT ELIGIBILITY IS KEPT FOR EACH INDIVIDUAL STUDENT ON FILE IN THE FINANCIAL AID OFFICE. WHEN FUNDS ARE AWARDED, STUDENT ELIGIBILITY IS MONITORED THROUGH THE COLLEGE'S OPERATIONAL SYSTEM AID MODULE TO ENSURE THERE ARE NO CHANGES IN STATUS THAT MIGHT AFFECT THEIR ONGOING ELIGIBILITY. TOTAL GRANT FUNDS AWARDED ARE TRACKED TO ENSURE COMPLIANCE WITH AUTHORIZED AMOUNTS FROM THE FUNDING AGENCY. THE COLLEGE ALSO IS REQUIRED TO SUBMIT AN ANNUAL INDEPENDENT A-133 AUDIT TO ENSURE COMPLIANCE WITH ALL FEDERAL REGULATIONS FOR GRANT ASSISTANCE. THE SCHOLARSHIP OFFICE IS RESPONSIBLE FOR AWARDING AND MONITORING ALL INSTITUTIONAL SCHOLARSHIP ASSISTANCE. CONTINUING STUDENTS APPLY FOR SCHOLARSHIP AID BY COMPLETING A SCHOLARSHIP APPLICATION FORM WHICH CAPTURES THE DATA REQUIRED TO DETERMINE ELIGIBILITY BASED ON INSTITUTIONAL GUIDELINES. ENTERING STUDENTS ARE AUTOMATICALLY CONSIDERED FOR SCHOLARSHIP BASED ON THE COLLEGE'S AUDITION AND INTERVIEW PROCESS. DOCUMENTATION TO SUPPORT ELIGIBILITY IS KEPT FOR EACH INDIVIDUAL STUDENT ON FILE IN THE SCHOLARSHIP OFFICE. WHEN FUNDS ARE AWARDED, STUDENT ELIGIBILITY IS MONITORED THROUGH THE COLLEGE'S OPERATIONAL SYSTEM SCHOLARSHIP MODULE TO ENSURE THERE ARE NO CHANGES IN STATUS THAT MIGHT AFFECT THEIR ONGOING ELIGIBILITY. TOTAL SCHOLARSHIP FUNDS AWARDED ARE TRACKED TO ENSURE COMPLIANCE WITH BUDGETED AMOUNTS. THE SCHOLARSHIP OFFICE REVIEWS ALL AWARDS EACH SEMESTER TO DETERMINE THAT THE STUDENT IS STILL ELIGIBLE FOR THE SCHOLARSHIP. X X true true X X X X X X true true false false false false false false false ROGER H BROWN PRESIDENT 445987 0 90647 0 40324 0 23850 0 35617 0 636425 0 0 0 RICHARD HISEY SR VICE PRESIDENT/TREASURER 277552 0 34862 0 23555 0 23850 0 22785 0 382604 0 0 0 MELISSA HOWE SECRETARY 153164 0 4830 0 2559 0 14152 0 3636 0 178341 0 0 0 CYNTHIA LINK VICE PRESIDENT 254566 0 21697 0 24991 0 23850 0 35349 0 360453 0 0 0 DAVID S MASH SENIOR VICE PRESIDENT 301245 0 23634 0 8441 0 23850 0 19489 0 376659 0 0 0 LAWRENCE J SIMPSON SENIOR VICE PRESIDENT 280702 0 23103 0 31452 0 23850 0 13800 0 372907 0 0 0 THOMAS RILEY VICE PRESIDENT 246788 0 8504 0 24991 0 23850 0 27585 0 331718 0 0 0 LAWRENCE BETHUENE FORMER VICE PRESIDENT 23542 0 0 0 288537 0 2982 0 263 0 315324 0 0 0 AMELIA S KOCH FORMER VP/TREASURER 58887 0 0 0 217730 0 7690 0 1881 0 286188 0 0 0 BENEFITS PART I, LINE 1A TRAVEL FOR COMPANIONS IS PROVIDED ONLY TO THE PRESIDENT AND IS INCLUDED AS TAXABLE COMPENSATION ON HIS FORM W-2. HEALTH CLUB DUES ARE REIMBURSED TO MEMBERS OF THE PRESIDENT'S COUNCIL UNDER AN EXECUTIVE WELLNESS REIMBURSEMENT PROGRAM. THIS INCLUDES THE SENIOR VICE PRESIDENTS AND VICE PRESIDENTS REPORTED IN FORM 990 PART VII. THE AMOUNTS ARE INCLUDED AS TAXABLE COMPENSATION IN EACH INDIVIDUALS FORM W-2. SEVERENCE PAYMENT PART I, LINE 4A AMELIA KOCH RECEIVED A SEVERANCE PAYMENT OF $150,083 IN CY 2015. SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN PART I, LINE 4B ROGER BROWN, DAVID MASH AND AMELIA KOCH PARTICIPATE IN A FROZEN NONQUALIFIED SUPPLEMENTAL RETIREMENT PLAN. LAWRENCE BETHUENE AND AMELIA KOCH RECEIVED PAYMENTS OF $258,306 AND $23,342, RESPECTIVELY, FROM A NONQUALIFIED SUPPLEMENTAL RETIREMENT PLAN IN CY 2015. A MHEFA REVENUE BOND SERIES 2007A 042456011 57586CE27 2007-08-08 178014966 BUILDING, EQUIP, RENO, REFINANCE false false false B MDFA REVENUE BONDS SERIES 2011 043431814 57583UJE9 2011-09-22 95437831 PURCHASE LAND, BUILDING, EQUIPMENT false false false C MDFA REVENUE BONDS SERIES 2013 043431814 999999999 2013-08-01 15000000 BUILDINGS, STRUCTURES & EQUIPMENT false false false A 26491463 0 183964049 0 0 0 1232844 0 0 110120341 72610864 0 2012 true false true true B 6769409 0 97849624 0 0 0 840781 0 0 97008843 0 0 2014 false false true true C 4125000 0 15002225 0 0 0 164500 0 0 14837725 0 0 2016 false false false true A false true true true false 0.01500 0.01500 false false false true B false false true true false 0.00030 0.00030 false false false true C false false true true false 0 false false false true A false false false true false false 0 false false true TRANSAMERICA 2. true false true B false false false true false false 0 false false false 0 false true C false true false false false false 0 false false false 0 false true A true B true C true PROCEEDS OF BOND ISSUE SCHEDULE K, PART II, LINE 3 THE DIFFERENCE BETWEEN THE ISSUE PRICE AND TOTAL PROCEEDS FOR BOND ISSUES A, B, AND C IS INVESTMENT EARNINGS OF $5,949,083, $2,411,793, AND $2,225, RESPECTIVELY. REBATE COMPUTATION DATE SCHEDULE K, PART IV, LINE 2C, BOND ISSUES A & B NO REBATE IS DUE ON THE 2007A BOND ISSUE. THE REBATE REPORT OBTAINED IS TO THE COMPUTATION DATE OF MAY 31, 2017. NO REBATE IS DUE ON THE 2011 BOND ISSUE. THE REBATE REPORT OBTAINED IS TO THE COMPUTATION DATE OF MAY 31, 2016. WRITTEN PROCEDURES THE COLLEGE'S WRITTEN BOND PROCEDURES HAVE BEEN ENHANCED TO PROVIDE FURTHER DETAILS THAT IT WILL ENSURE THAT ALL NONQUALIFIED BONDS OF THE ISSUE ARE REMEDIATED IN ACCORDANCE WITH THE REQUIREMENTS UNDER REGULATIONS SECTION 1.141-12 AND 1.145-2 AND THAT IT WILL ALSO ENSURE THAT VIOLATIONS OF FEDERAL TAX REQUIREMENTS ARE TIMELY IDENTIFIED AND CORRECTED THROUGH THE VOLUNTARY CLOSING AGREEMENT PROGRAM (VCAP) IF SELF-REMEDIATION IS NOT AVAILABLE. BRUNO RABERG SPOUSE - M. HOWE, OFFICER 110006 EMPLOYMENT - FAMILY MEMBER false X MUSICAL INSTRUMENTS 17 131251 FMV X GIFT CARDS 13 1389 FMV false true false ORGANIZATION'S MISSION PART III, LINE 1 THE MISSION OF BERKLEE COLLEGE OF MUSIC IS TO EDUCATE, TRAIN, AND DEVELOP STUDENTS TO EXCEL IN MUSIC AS A CAREER. DEVELOPING THE MUSICIANSHIP OF OUR STUDENTS IS THE FOUNDATION OF OUR CURRICULUM. WE BELIEVE THAT THE LESSONS AND QUALITIES DERIVED FROM THAT WORK -THE SELF DISCIPLINE NEEDED FOR EXCELLENCE, THE EMPATHY REQUIRED OF MUSIC-MAKING, AND THE OPENNESS AND INQUISITIVENESS ESSENTIAL TO CREATIVITY -ARE CRITICAL TO ACHIEVEMENT IN ANY PURSUIT, MUSICAL OR OTHERWISE; AND THAT MUSIC IS A POWERFUL CATALYST FOR PERSONAL GROWTH, WHICH IS CENTRAL TO ANY COLLEGIATE EXPERIENCE. FOUNDED ON JAZZ AND POPULAR MUSIC ROOTED IN THE AFRICAN CULTURE DIASPORA, OUR COMPREHENSIVE CURRICULUM IS DISTINCTLY CONTEMPORARY IN ITS CONTENT AND APPROACH, AND EMBRACES THE PRINCIPAL MUSICAL MOVEMENTS OF OUR TIME. THROUGH A COURSE OF SCHOLARLY AND PRACTICAL LEARNING EXPERIENCES INTEGRATING PERFORMANCE AND WRITING, OUR CURRICULUM COVERS THE VARIETY OF STYLES, RELEVANT TECHNOLOGIES, AND CAREER OPPORTUNITIES OPEN TO TODAY'S MUSIC PROFESSIONAL. PROGRAM SERVICES PART III, LINE 2 THE DEPARTMENT OF HIGHER EDUCATION APPROVED BERKLEE COLLEGE OF MUSIC TO OFFER THE FOLLOWING DEGREES: BACHELOR OF FINE ARTS IN THEATER AND/OR DANCE MASTER OF FINE ARTS IN DANCE MASTER OF FINE ARTS IN MUSICAL THEATER MASTER OF ARTS IN MULTIDISCIPLINARY STUDIES DOCTOR OF ARTS, HONORIS CAUSA SIGNIFICANT CHANGE TO GOVERNING DOCUMENTS PART VI, LINE 4 THE COLLEGE AMENDED ITS BYLAWS BY REMOVING THE CONFLICT OF INTEREST POLICY FROM WITHIN THE BYLAWS TO BE A STAND-ALONE POLICY. THE ARTICLES OF ORGANIZATION WERE AMENDED AT A BOARD MEETING ON 12/1/2015 TO AMEND AND RESTATE THE FOLLOWING: 1. TO EXPAND UPON AND FURTHER CLARIFY THE ACTIVITIES CONDUCTED IN ACCORDANCE WITH THE ORGANIZATIONS MISSION. 2. TO INCLUDE THAT NO PART OF THE ORGANIZATIONS ASSETS OR NET EARNINGS SHALL INURE TO THE BENEFIT OF ANY INDIVIDUAL EXCEPT AS REASONABLE COMPENSATION; NO SUBSTANTIAL PART OF THE ACTIVITIES OF THE CORPORATION SHALL BE THE CARRYING ON OF PROPAGANDA OR OTHERWISE TO ATTEMPT TO INFLUENCE LEGISLATION EXCEPT TO THE EXTENT PERMITTED UNDER IRC 501(H); AND THAT IT IS INTENDED THE COLLEGE WILL BE ENTITLED TO EXEMPTION UNDER IRC 501(C)(3) OF THE INTERNAL REVENUE CODE AND SHALL NOT BE A PRIVATE FOUNDATION. 3. TO CLARIFY THE PROCESS BY WHICH THE ASSETS OF THE ORGANIZATION WILL BE DISTRIBUTED UPON LIQUIDATION, OR DISSOLUTION, LIMITING SUCH DISTRIBUTION TO ONE OR MORE ORGANIZATIONS THAT ARE TAX EXEMPT FROM FEDERAL INCOME TAX UNDER IRC SECTION 501 (C)(3). THE COLLEGES ARTICLES OF INCORPORATION PRIOR TO AMENDMENT MET ALL OF THE REQUIREMENTS TO COMPLY WITH INTERNAL REVENUE CODE SECTION 501(C)(3) AND THE ABOVE REVISIONS ARE TO ADD EMPHASIS AND CLARIFICATION. FORM 990 REVIEW PROCESS PART VI, LINE 11A THE FORM 990 IS PREPARED AND REVIEWED BY THE CONTROLLER'S DEPARTMENT AND REVIEWED BY THE COLLEGE'S TAX ADVISORS. UPON COMPLETION, THE DRAFT FORM 990 IS DISTRIBUTED TO THE MEMBERS OF THE AUDIT & RISK COMMITTEE FOR THEIR REVIEW AND COMMENTS. ONCE THE DRAFT HAS BEEN REVIEWED BY THE COMMITTEE, THE FINAL FORM 990 IS DISTRIBUTED TO THE FULL BOARD PRIOR TO FILING WITH THE IRS. CONFLICT OF INTEREST POLICY PART VI, LINE 12C THE PURPOSE OF THE CONFLICTS OF INTEREST POLICY IS TO PROTECT THE COLLEGE'S INTEREST WHEN IT IS ENTERING INTO A TRANSACTION OR ARRANGEMENT THAT MIGHT BENEFIT THE PRIVATE INTEREST OF AN INTERESTED PERSON. AN INTERESTED PERSON IS DEFINED AS ANY PERSON WHO IS OR WAS DURING THE PREVIOUS FIVE YEARS IN A POSITION TO EXERCISE SUBSTANTIAL INFLUENCE OVER THE COLLEGE'S AFFAIRS, INCLUDING ANY TRUSTEE, OFFICER, KEY EMPLOYEE OR MEMBER OF A COMMITTEE WITH BOARD-DELEGATED POWERS (EACH A FIDUCIARY). IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, A FIDUCIARY WILL DISCLOSE ALL MATERIAL FACTS TO THE PRESIDENT OR CHAIR AT THE EARLIEST POSSIBLE TIME AFTER THE CONFLICT OF INTEREST BECOMES KNOWN TO THE FIDUCIARY. ANY CONFLICT WILL BE MADE A MATTER OF RECORD THROUGH ANNUAL OR OTHER REPORTING AND CERTIFICATION PROCEDURE AS THE TRUSTEES REQUIRE FROM TIME TO TIME. AFTER DISCLOSURE OF THE CONFLICT OF INTEREST AND AFTER ANY DISCUSSION WITH THE RELEVANT FIDUCIARY, THE TRUSTEES SHALL FINALLY DETERMINE WHETHER ANY CONFLICT OF INTEREST EXISTS. IF A CONFLICT OF INTEREST IS DETERMINED TO EXIST, THE TRUSTEES MAY TAKE ACTIONS AS DEFINED IN THE BYLAWS OF THE COLLEGE. COMPENSATION POLICY PART VI, LINE 15A THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES, SITTING AS THE COMPENSATION COMMITTEE, HAS THE AUTHORITY TO ESTABLISH FAIR AND APPROPRIATE COMPENSATION PACKAGES TO BE AWARDED TO THE PRESIDENT AND OTHER HIGHLY COMPENSATED ADMINISTRATORS OF THE COLLEGE. IN DETERMINING THE EXECUTIVE COMPENSATION PACKAGES, THE EXECUTIVE COMMITTEE CONSIDERS COMPARATIVE DATA, OBTAINED FROM PUBLISHED SOURCES OR A COMPENSATION CONSULTANT, REFLECTING THE COMPENSATION LEVELS AWARDED TO EQUIVALENTLY SITUATED INDIVIDUALS EMPLOYED BY COMPARABLE INSTITUTIONS. THE EXECUTIVE COMMITTEE REPORTS THE PROCESS AND AWARDING OF COMPENSATION PACKAGES TO THE BOARD OF TRUSTEES. WHEN THE COMPENSATION COMMITTEE IS MEETING, THE PRESIDENT DOES NOT PARTICIPATE. THE PROCESS FOR DETERMINING THE COMPENSATION OF BERKLEE COLLEGE OF MUSIC'S TOP MANAGEMENT OFFICIALS, INCLUDING THE PRESIDENT AND OTHER HIGHLY COMPENSATED ADMINISTRATORS OF THE COLLEGE, MEETS THE THREE REQUIREMENTS OF THE REBUTTABLE PRESUMPTION PROVISIONS UNDER TREAS. REG. 53.4958-6. JOINT VENTURES PART VI, LINE 16B BERKLEE COLLEGE OF MUSIC REVIEWS ITS PARTICIPATION IN JOINT VENTURE ARRANGEMENTS TO SAFEGUARD AND PROTECT ITS EXEMPT STATUS AND RETAINS LEGAL AND TAX ADVISORS AS NECESSARY. PUBLIC DISCLOSURE PART VI, LINE 19 THE COLLEGE MAKES THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON WRITTEN REQUEST. THE COLLEGE'S FORM 990 IS ALSO AVAILABLE ONLINE AT WWW.GUIDESTAR.ORG AND ON THE MASSACHUSETTS ATTORNEY GENERAL WEBSITE. OTHER CHANGES IN NET ASSETS PART XI, LINE 9 PENSION OBLIGATION CHANGES OTHER THAN NET PERIODIC COSTS (2,807,810). BERKLEE VALENCIA SL AVENIDA PROFESOR LOPEZ PINERO 1 VALENCIA SP 46013 999999999 EDUCATION SP N/A N/A BERKLEE US true Amp UP NYC LLC 855 Boylston Street Boston MA 02116 463537796 Education DE NA RELATED 3444 123199 false 0 true 0.50000 false false false true false false false false false false false false false false true false true true false BERKLEE VALENCIA SL d 13196195 SEE PART VII BERKLEE VALENCIA SL o 213614 SEE PART VII BERKLEE VALENCIA SL r 6743360 SEE PART VII AMP UP NYC LLC R 549667 SEE PART VII METHOD OF DETERMINING AMOUNT INVOLVED PART V, LINE 2 THE METHOD FOR DETERMINING THE AMOUNT INVOLVED WAS COST OR CURRENCY CONVERSION.