EMERSON COLLEGE: Form 990, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
EMERSON COLLEGE (EIN 04-1286950)
Tax period
2015-07-01 to 2016-06-30
Filed
2017-05-15
IRS object ID
201731359349303048
Schema version
2015v3.0
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)
Return2017-05-15T10:29:47-05:00ReturnTs
Tax Period End2016-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1GRANT THORNTON LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line175 STATE STREETAddressLine1Txt
CityBOSTONCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02109ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2015-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN041286950EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1EMERSON COLLEGEBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% JONATHAN PEARSALLInCareOfNm
Business Name ControlEMERBusinessNameControlTxt
Phone6178248500PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1120 BOYLSTON STREETAddressLine1Txt
CityBOSTONCityNm
State AbbreviationMAStateAbbreviationCd
ZIP021164624ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMAUREEN MURPHYPersonNm
Person TitleVP Admin & FinancePersonTitleTxt
Phone6178248426PhoneNum
Signature2017-05-10SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonRobert J Butler JrPreparerPersonNm
PTINP00037953PTIN
Phone6177237900PhoneNum
Preparation2017-05-10PreparationDt
FieldValueIRS element (for citing)
Tax2015TaxYr
Build TS2021-01-29 14:40:06ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerLee PeltonPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1120 BOYLSTON STREETAddressLine1Txt
CityBOSTONCityNm
State AbbreviationMAStateAbbreviationCd
ZIP021164624ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$226,673,785GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website Addresswww.emerson.eduWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1880FormationYr
Legal Domicile StateMALegalDomicileStateCd
Activity Or MissionTO EDUCATE STUDENTS TO BECOME LEADERS IN COMMUNICATION AND THE ARTS AND TO ADVANCE SCHOLARSHIP AND CREATIVE WORK THAT BRINGS INNOVATION, DEPTH AND DIVERSITY TO THESE DISCIPLINES.ActivityOrMissionDesc
Voting Members Governing Body30VotingMembersGoverningBodyCnt
Voting Members Independent28VotingMembersIndependentCnt
Total Employee3312TotalEmployeeCnt
Total Volunteers1200TotalVolunteersCnt
Total Gross UBI$2,195,738TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm-$3,313,555NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$9,321,951PYContributionsGrantsAmt
CY Contributions Grants$7,592,129CYContributionsGrantsAmt
PY Program Service Revenue$197,803,112PYProgramServiceRevenueAmt
CY Program Service Revenue$203,986,252CYProgramServiceRevenueAmt
PY Investment Income$4,076,386PYInvestmentIncomeAmt
CY Investment Income$3,198,792CYInvestmentIncomeAmt
PY Other Revenue$5,002,189PYOtherRevenueAmt
CY Other Revenue$5,750,610CYOtherRevenueAmt
PY Total Revenue$216,203,638PYTotalRevenueAmt
CY Total Revenue$220,527,783CYTotalRevenueAmt
PY Grants And Similar Paid$35,200,507PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$37,730,936CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$83,253,575PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$85,458,803CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$4,343,902CYTotalFundraisingExpenseAmt
PY Other Expenses$89,522,556PYOtherExpensesAmt
CY Other Expenses$84,557,458CYOtherExpensesAmt
PY Total Expenses$207,976,638PYTotalExpensesAmt
CY Total Expenses$207,747,197CYTotalExpensesAmt
PY Revenues Less Expenses$8,227,000PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$12,780,586CYRevenuesLessExpensesAmt
Total Assets BOY$765,608,286TotalAssetsBOYAmt
Total Assets EOY$772,424,484TotalAssetsEOYAmt
Total Liabilities BOY$355,912,243TotalLiabilitiesBOYAmt
Total Liabilities EOY$356,717,006TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$409,696,043NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$415,707,478NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionEmerson College is the only four year college in the United States devoted exclusively to communication and performing arts. (Continued in Schedule O)MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$133,238,830ExpenseAmt
Grant$37,730,936GrantAmt
Revenue$169,221,963RevenueAmt
DescEMERSON 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 3,791 UNDERGRADUATE AND 642 GRADUATE STUDENTS ANNUALLY - FROM 49 U.S. STATES AND 53 COUNTRIES. THE COLLEGE HAS MORE THAN 450 FULL AND PART-TIME FACULTY.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$45,851,114ExpenseAmt
Grant$0GrantAmt
Revenue$36,569,622RevenueAmt
DescAUXILIARY ENTERPRISES PROVIDE SERVICES FOR THE STUDENTS TO ENSURE THEY ARE APPROPRIATELY SUPPORTED. THE SERVICES INCLUDE ROOM, BOARD AND THE BOOKSTORE.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$179,089,944TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
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 FootnoteYes (true)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (true)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingYes (true)SchoolOperatingInd
Foreign OfficeYes (true)ForeignOfficeInd
Foreign ActivitiesYes (true)ForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsYes (true)MoreThan5000KToIndividualsInd
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 PersonYes (true)GrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With Officer EntfalseBusinessRlnWithOfficerEntInd
Deductible Non Cash ContriYes (true)DeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document5355IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee3312EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (true)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (true)Form990TFiledInd
Foreign Financial AccountYes (true)ForeignFinancialAccountInd
Foreign CountryNLForeignCountryCd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsYes (true)QuidProQuoContributionsInd
Quid Pro Quo Contri DisclYes (true)QuidProQuoContriDisclInd
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 Members30GoverningBodyVotingMembersCnt
Independent Voting Member28IndependentVotingMemberCnt
Family Or Business RlnYes (true)FamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsYes (true)ChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
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 PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherYes (true)CompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
States Where Copy Of Return Is FldALStatesWhereCopyOfReturnIsFldCd
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States Where Copy Of Return Is FldKSStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMEStatesWhereCopyOfReturnIsFldCd
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Own WebsiteYes (X)OwnWebsiteInd
Other WebsiteYes (X)OtherWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonJONATHAN PEARSALLPersonNm
Phone6178248426PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1120 BOYLSTON STREETAddressLine1Txt
CityBOSTONCityNm
State AbbreviationMAStateAbbreviationCd
ZIP021164624ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (40 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtKey EmployeeKeyEmployeeIndHighest Compensated EmployeeHighestCompensatedEmployeeInd
Jeffrey D Greenhawt
Chairman2.00.0Yes (X)Yes (X)$0$0$0
Vincent J Di Bona
Vice Chairman2.00.0Yes (X)Yes (X)$0$0$0
Albert M Jaffe
Vice Chairman2.00.0Yes (X)Yes (X)$0$0$0
Steven Samuels
Vice Chairman2.00.0Yes (X)Yes (X)$0$0$0
Richard Janssen
Treasurer2.00.0Yes (X)Yes (X)$0$0$0
Michael MacWade
Board Member2.00.0Yes (X)$0$0$0
Marillyn Zacharis
Secretary2.00.0Yes (X)Yes (X)$0$0$0
Eric Alexander
Board Member2.00.0Yes (X)$0$0$0
Dan Black
Board Member2.00.0Yes (X)$0$0$0
Bobbi Brown
Board Member2.00.0Yes (X)$0$0$0
Brian Carty
Board Member (THRU 12/15)2.00.0Yes (X)$0$0$0
Dan Cohen
Board Member2.00.0Yes (X)$0$0$0
Robert Friend
Board Member2.00.0Yes (X)$0$0$0
Linda Gersh
Board Member2.00.0Yes (X)$0$0$0
Ira Goldstone
Board Member2.00.0Yes (X)$0$0$0
Gary Grossman
Board Member2.00.0Yes (X)$0$0$0
Doug Herzog
Board Member2.00.0Yes (X)$0$0$0
Leo Hindery Jr
Board Member2.00.0Yes (X)$0$0$0
Douglas Holloway
Board Member2.00.0Yes (X)$0$0$0
Judy Huretas
Board Member2.00.0Yes (X)$0$0$0
Ann Leary
Board Member2.00.0Yes (X)$0$0$0
Robert Miller
Board Member2.00.0Yes (X)$0$0$0
Andrea Montoni
Board Member2.00.0Yes (X)$0$0$0
Max Mutchnick
Board Member2.00.0Yes (X)$0$0$0
Michelle Perkins
Board Member2.00.0Yes (X)$0$0$0
Patricia Peyton
Board Member2.00.0Yes (X)$0$0$0
Mark Reinganum
Board Member2.00.0Yes (X)$0$0$0
Linda Schwartz
Board Member2.00.0Yes (X)$0$0$0
Raj Sharma
Board Member2.00.0Yes (X)$0$0$0
Susan Namm Spencer
Board Member2.00.0Yes (X)$0$0$0
M Lee Pelton
President/Trustee40.00.0Yes (X)Yes (X)$720,903$0$148,378
Michaela Whelan
Provost & VP for Academic Aff.40.00.0Yes (X)$255,853$0$31,515
Christine Hughes
VP & Gen. Counsel and Clerk40.00.0Yes (X)$212,213$0$31,537
Maureen Murphy
VP for Admin. and Finance40.00.0Yes (X)$310,080$0$51,197
Ruthanne Madsen
VP for Enrollment Management40.00.0$195,300$0$17,781Yes (X)
William Gilligan
VP for Information Technology40.00.0$245,340$0$42,369Yes (X)
Donna Heiland thru 216
VP & Special Ass. to President40.00.0$210,746$0$27,971Yes (X)
Jeffrey Schoenherr thru 215
VP of Devel. & Alumni Relation40.00.0$208,334$0$7,510Yes (X)
Sylvia Spears
VP for Diversity and Inclusion40.00.0$218,131$0$41,333Yes (X)
Andrew Tiedemann
VP for Comm. and Marketing40.00.0$201,531$0$44,041Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$2,778,431TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$443,632TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K94IndivRcvdGreaterThan100KCnt
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
ELKUS MANFREDI ARCHITECTS
25 Drydock AvenueBOSTONMA02110ARCHITECTURAL SERV$3,398,705
PROSPECT BUILDING SERVICES
360 Pearl StreetMALDENMA02148CLEANING SERVICES$378,408
BENNETT COMMUNICATIONS INC
ONE Bennett LaneQUINCYMA02169TELECOMMUNICATIONS$239,842
GOODWIN PROCTER LLP
100 Northern AvenueBOSTONMA02210LEGAL SERVICES$201,509
LOIS L LINDAUER SEARCHES
420 Boylston Street Suite 604BOSTONMA02116EXECUTIVE SEARCHES$136,297
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K9CntrctRcvdGreaterThan100KCnt
Fundraising$314,862FundraisingAmt
Government Grants$4,039,728GovernmentGrantsAmt
All Other Contributions$3,237,539AllOtherContributionsAmt
Noncash Contributions$469,095NoncashContributionsAmt
Total Contributions$7,592,129TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (4 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
TUTION & FEES611710$169,221,963$169,221,963
ROOM & BOARD611710$34,310,175$34,310,175
BOOKSTORE COMMISSION611710$135,544$135,544
AUXILIARY - OTHER611710$318,570$318,570
FieldValueIRS element (for citing)
Total Program Service Revenue$203,986,252TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,580,619TotalRevenueColumnAmt
Exclusion$2,211,619ExclusionAmt

Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp

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

Royalties Revenue RoyaltiesRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,521,332TotalRevenueColumnAmt
Exclusion$2,521,332ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$1,210,141RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$1,898,971RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real-$688,830RealAmt
Personal$0PersonalAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column-$688,830TotalRevenueColumnAmt
Exclusion-$688,830ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$4,681,958SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$4,063,785SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$618,173SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$618,173TotalRevenueColumnAmt
Exclusion$618,173ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$197,241FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$314,862ContriRptFundraisingEventAmt
Fundraising Direct Expenses$183,246FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$13,995TotalRevenueColumnAmt
Exclusion$13,995ExclusionAmt

Net Income From Gaming NetIncomeFromGamingGrp

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

Net Income Or Loss NetIncomeOrLossGrp

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

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtUnrelated Business RevenueUnrelatedBusinessRevenueAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
THEATER REVENUE531390$1,805,333$1,805,333
SUMMER CONFERENCE531390$390,405$390,405
MISCELLANEOUS611710$1,708,375$1,708,375
FieldValueIRS element (for citing)
Other Revenue Total$3,904,113OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$220,527,783TotalRevenueColumnAmt
Related Or Exempt Func Income$205,694,627RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$2,195,738UnrelatedBusinessRevenueAmt
Exclusion$4,676,289ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$36,940,373TotalAmt
Program Services$36,940,373ProgramServicesAmt

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$790,563TotalAmt
Program Services$790,563ProgramServicesAmt

Benefits To Members BenefitsToMembersGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$2,168,476TotalAmt
Program Services$1,695,922ProgramServicesAmt
Management And General$277,554ManagementAndGeneralAmt
Fundraising$195,000FundraisingAmt

Comp Disqual Persons CompDisqualPersonsGrp

FieldValueIRS element (for citing)
Total$33,711TotalAmt
Management And General$33,711ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$66,353,596TotalAmt
Program Services$55,090,969ProgramServicesAmt
Management And General$9,016,177ManagementAndGeneralAmt
Fundraising$2,246,450FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$4,442,659TotalAmt
Program Services$3,681,804ProgramServicesAmt
Management And General$602,563ManagementAndGeneralAmt
Fundraising$158,292FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$7,822,416TotalAmt
Program Services$6,170,146ProgramServicesAmt
Management And General$1,009,805ManagementAndGeneralAmt
Fundraising$642,465FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$4,637,945TotalAmt
Program Services$3,843,644ProgramServicesAmt
Management And General$629,050ManagementAndGeneralAmt
Fundraising$165,251FundraisingAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$852,091TotalAmt
Management And General$852,091ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$108,328TotalAmt
Management And General$108,328ManagementAndGeneralAmt

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$184,500TotalAmt
Management And General$184,500ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$3,985,036TotalAmt
Program Services$3,333,387ProgramServicesAmt
Management And General$545,542ManagementAndGeneralAmt
Fundraising$106,107FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$1,179,760TotalAmt
Program Services$1,002,102ProgramServicesAmt
Management And General$164,004ManagementAndGeneralAmt
Fundraising$13,654FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$3,882,820TotalAmt
Program Services$3,231,434ProgramServicesAmt
Management And General$528,856ManagementAndGeneralAmt
Fundraising$122,530FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$1,923,891TotalAmt
Program Services$1,595,048ProgramServicesAmt
Management And General$261,045ManagementAndGeneralAmt
Fundraising$67,798FundraisingAmt

Royalties RoyaltiesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$6,615,071TotalAmt
Program Services$5,600,132ProgramServicesAmt
Management And General$916,516ManagementAndGeneralAmt
Fundraising$98,423FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$3,895,001TotalAmt
Program Services$3,132,279ProgramServicesAmt
Management And General$512,628ManagementAndGeneralAmt
Fundraising$250,094FundraisingAmt

Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$175,337TotalAmt
Program Services$142,720ProgramServicesAmt
Management And General$23,357ManagementAndGeneralAmt
Fundraising$9,260FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$9,451,393TotalAmt
Program Services$8,122,127ProgramServicesAmt
Management And General$1,329,266ManagementAndGeneralAmt

Payments To Affiliates PaymentsToAffiliatesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$19,259,990TotalAmt
Program Services$16,551,221ProgramServicesAmt
Management And General$2,708,769ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$3,818,871TotalAmt
Program Services$3,281,776ProgramServicesAmt
Management And General$537,095ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
OTHER SERVICES$9,196,982$7,702,023$1,260,511$234,448
OTHER FOOD SERVICES$8,824,127$7,583,081$1,241,046$0
MISCELLENEOUS$7,011,747$5,996,269$981,348$34,130
RENOVATIONS/CONTRACTS MAINT$3,122,215$2,683,099$439,116

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$1,070,298TotalAmt
Program Services$919,825ProgramServicesAmt
Management And General$150,473ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$207,747,197TotalAmt
Program Services$179,089,944ProgramServicesAmt
Management And General$24,313,351ManagementAndGeneralAmt
Fundraising$4,343,902FundraisingAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XYes (X)InfoInScheduleOPartXInd

Cash Non Interest Bearing CashNonInterestBearingGrp

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

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$34,519,809BOYAmt
EOY$53,090,405EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$4,439,736BOYAmt
EOY$4,470,492EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$3,470,044BOYAmt
EOY$741,498EOYAmt

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$2,478,960BOYAmt
EOY$2,581,458EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

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

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$2,121,942BOYAmt
EOY$3,822,110EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$727,158,438LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$219,574,456LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$488,154,709BOYAmt
EOY$507,583,982EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$136,823,760BOYAmt
EOY$134,138,719EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$93,211,503BOYAmt
EOY$65,573,784EOYAmt

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$387,823BOYAmt
EOY$422,036EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$765,608,286BOYAmt
EOY$772,424,484EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$23,036,743BOYAmt
EOY$28,372,273EOYAmt

Grants Payable GrantsPayableGrp

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

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$13,975,246BOYAmt
EOY$12,387,162EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$314,921,855BOYAmt
EOY$311,979,365EOYAmt

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$3,978,399BOYAmt
EOY$3,978,206EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$355,912,243BOYAmt
EOY$356,717,006EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$377,924,043BOYAmt
EOY$384,919,487EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$8,089,000BOYAmt
EOY$5,376,492EOYAmt

Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$23,683,000BOYAmt
EOY$25,411,499EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$409,696,043BOYAmt
EOY$415,707,478EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$765,608,286BOYAmt
EOY$772,424,484EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$12,780,586ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$6,713,075NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets-$56,076OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
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$4,789,333CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$6,805,007CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$5,278,420CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$9,321,951CurrentTaxYearMinus1YearAmt
Current Tax Year$7,592,129CurrentTaxYearAmt
Total$33,786,840TotalAmt

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$4,789,333CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$6,805,007CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$5,278,420CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$9,321,951CurrentTaxYearMinus1YearAmt
Current Tax Year$7,592,129CurrentTaxYearAmt
Total$33,786,840TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$4,248,153SubstantialContributorsTotAmt
Public Support Total170$29,538,687PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$5,590,187CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$6,516,158CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,284,893CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$6,627,339CurrentTaxYearMinus1YearAmt
Current Tax Year$6,312,092CurrentTaxYearAmt
Total$27,330,669TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$72,304CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$58,481CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$137,033CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$43,286CurrentTaxYearMinus1YearAmt
Current Tax Year$197,241CurrentTaxYearAmt
Total$508,345TotalAmt
FieldValueIRS element (for citing)
Total Support$61,625,854TotalSupportAmt
Gross Receipts Rltd Activities$924,818,974GrossReceiptsRltdActivitiesAmt
Public Support CY1700.47932PublicSupportCY170Pct
Public Support PY1700.49812PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

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

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Art Public Exhibition AmountsArtPublicExhibitionAmountsGrp
Held Works ArtHeldWorksArtGrp

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$149,219,391BeginningYearBalanceAmt
Contributions$2,548,023ContributionsAmt
Investment Earnings Or Losses-$3,660,131InvestmentEarningsOrLossesAmt
Grants Or Scholarships$3,912,756GrantsOrScholarshipsAmt
End Year Balance$144,194,527EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$146,174,009BeginningYearBalanceAmt
Contributions$7,028,768ContributionsAmt
Investment Earnings Or Losses-$175,992InvestmentEarningsOrLossesAmt
Grants Or Scholarships$3,807,394GrantsOrScholarshipsAmt
End Year Balance$149,219,391EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$127,945,924BeginningYearBalanceAmt
Contributions$2,217,617ContributionsAmt
Investment Earnings Or Losses$19,228,787InvestmentEarningsOrLossesAmt
Grants Or Scholarships$3,218,319GrantsOrScholarshipsAmt
End Year Balance$146,174,009EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$117,064,905BeginningYearBalanceAmt
Contributions$1,397,951ContributionsAmt
Investment Earnings Or Losses$12,298,021InvestmentEarningsOrLossesAmt
Grants Or Scholarships$2,814,953GrantsOrScholarshipsAmt
End Year Balance$127,945,924EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$118,988,122BeginningYearBalanceAmt
Contributions$1,522,529ContributionsAmt
Investment Earnings Or Losses-$853,654InvestmentEarningsOrLossesAmt
Grants Or Scholarships$2,592,092GrantsOrScholarshipsAmt
End Year Balance$117,064,905EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.80780BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.15780PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.03440TermEndowmentBalanceEOYPct
Endowments Held Unrelated OrgfalseEndowmentsHeldUnrelatedOrgInd
Endowments Held Related OrgfalseEndowmentsHeldRelatedOrgInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$64,709,055OtherCostOrOtherBasisAmt
Book Value$64,709,055BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$552,210,149OtherCostOrOtherBasisAmt
Depreciation$160,040,497DepreciationAmt
Book Value$392,169,652BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$2,701,912OtherCostOrOtherBasisAmt
Depreciation$1,195,520DepreciationAmt
Book Value$1,506,392BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$64,918,456OtherCostOrOtherBasisAmt
Depreciation$58,338,439DepreciationAmt
Book Value$6,580,017BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$42,618,866OtherCostOrOtherBasisAmt
Book Value$42,618,866BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$507,583,982TotalBookValueLandBuildingsAmt
Financial DerivativesFinancialDerivativesGrp
Closely Held Equity InterestsCloselyHeldEquityInterestsGrp

Other Securities OtherSecuritiesGrp (2 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
FUNDS HELD BY BOND TRUSTEE$54,908,692F
ALTERNATIVE INVESTMENTS$10,665,092F
FieldValueIRS element (for citing)
Total Book Value Securities$65,573,784TotalBookValueSecuritiesAmt
Federal Income Tax Liability$0FederalIncomeTaxLiabilityAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDescAmtAmt
CAPITAL LEASE OBLIGATION$2,748,579
REFUNDABLE ADVANCES GOVT GRANT$1,229,627
FieldValueIRS element (for citing)
Total Liability$3,978,206TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$177,925,413TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst-$6,713,076NetUnrealizedGainsInvstAmt
Other Revenue$2,026,142OtherRevenueAmt
Revenue Not Reported-$4,686,934RevenueNotReportedAmt
Revenue Subtotal$182,612,347RevenueSubtotalAmt
Investment Expenses Not Incld$184,500InvestmentExpensesNotIncldAmt
Other Revenues Not Included$37,730,936OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt$37,915,436RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$220,527,783TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$171,913,979TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$2,082,218OtherExpensesIncludedAmt
Expenses Not Reported$2,082,218ExpensesNotReportedAmt
Expenses Subtotal$169,831,761ExpensesSubtotalAmt
Investment Expenses Not Incld2$184,500InvestmentExpensesNotIncld2Amt
Other Expenses Not Included$37,730,936OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$37,915,436ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$207,747,197TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
ENDOWMENT FUNDSSchedule D, Part V, Line 4 The Colleges endowment consists of approximately 150 individual funds established for a variety of purposes including both donor-restricted endowment funds and funds designated by the Board of Trustees to function as endowments. THE PURPOSE OF THE COLLEGE'S ENDOWMENT FUND 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 Colleges current long-term investment spending policy, which is within the guidelines specified under state law, the College generally spends up to 3% of the average market value of the qualifying endowment investment pool at the end of the previous five calendar years. The Board of Trustees may authorize higher amounts for certain endowments and can increase the spending rate up to 5%.
ASC 740 Income Tax FootnoteSchedule D, Part X, Line 2 The College generally does not provide for income taxes since it is a tax-exempt organization under Section 501(c)(3) of the Internal Revenue Code. ASC 740, Income Taxes, permits an entity to recognize the benefit and requires accrual of an uncertain tax position only when the position is "more likely than not" to be sustained in the event of examination by tax authorities. In evaluating whether a tax position has met the recognition threshold, the College must presume that the position will be examined by the appropriate taxing authority that has full knowledge of all relevant information. ASC 740 also provides guidance on the recognition, measurement, and classification of income tax uncertainties, along with any related interest or penalties. Tax positions deemed to meet the "more likely than not" threshold are recorded as a tax expense in the current year. The College analyzed all open tax years, as defined by the statutes of limitations. Open tax years are those that are open for exam by taxing authorities. Major jurisdictions for the College include Federal and the Commonwealth of Massachusetts. The College believes it has no significant uncertain tax positions.
Schedule D, Part XI, Line 2DRental Expenses $1,898,971 Fundraising Expenses $183,247 Change in Value of Charitable Remainder Trust ($56,076) ------------ Total $2,026,142 ============ Schedule D, Part XII, Line 2D Rental Expenses $1,898,971 Fundraising Expenses $183,247 ------------ Total $2,082,218 ============
Schedule D, Part XI, Line 4B and Part XII, Line 4BScholarships $37,730,936

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
NONDISCRIMINATORY POLICYSchedule 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, PRIVLEGES, 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-ADMINISTRATED PROGRAMS OR ACTIVITIES.
FINANCIAL AID OR ASSISTANCESchedule E, Part I, Line 6a 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.

Schedule F IRS990ScheduleF

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

Account Activities Outside US AccountActivitiesOutsideUSGrp (3 entries)

RegionRegionTxtOfficesOfficesCntEmployeeEmployeeCntType Of Activities ConductedTypeOfActivitiesConductedTxtSpecific Services ProvidedSpecificServicesProvidedTxtRegion Total ExpendituresRegionTotalExpendituresAmt
Europe (Including Iceland and Greenland)136Program ServicesSEMESTER ABROAD CLASS$2,387,715
Central America and the CaribbeanInvestmentsINVESTMENTS$26,095,049
Europe (Including Iceland and Greenland)InvestmentsINVESTMENTS$2,899,875
FieldValueIRS element (for citing)
Subtotal Offices1SubtotalOfficesCnt
Subtotal Employees36SubtotalEmployeesCnt
Total Office1TotalOfficeCnt
Total Employee36TotalEmployeeCnt
Subtotal Spent$31,382,639SubtotalSpentAmt
Total Spent$31,382,639TotalSpentAmt

Foreign Individuals Grants ForeignIndividualsGrantsGrp

FieldValueIRS element (for citing)
Type Of AssistanceScholarshipsTypeOfAssistanceTxt
RegionEurope (Including Iceland and Greenland)RegionTxt
Recipient100RecipientCnt
Cash Grant$790,563CashGrantAmt
FieldValueIRS element (for citing)
Transfer To Foreign CorpYes (true)TransferToForeignCorpInd
Interest In Foreign TrustfalseInterestInForeignTrustInd
Foreign Corp OwnershipfalseForeignCorpOwnershipInd
Passive Foreign Investmest CofalsePassiveForeignInvestmestCoInd
Foreign PartnershipfalseForeignPartnershipInd
Boycott CountriesYes (true)BoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
MONITORING THE USE OF GRANT FUNDS OUTSIDE THE U.S.SCHEDULE F, 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 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 TH 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. SCHEDULE F, PART I, LINE 3, COLUMN (F) 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.
FOREIGN FILING REQUIREMENTSSCHEDULE F, PART IV The College has certain alternative investments that may make transfers to or generate ownership interests in foreign corporations 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.

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1GOLF TOURNAMENTEvent1Nm
Gross Receipts Event1$71,975GrossReceiptsEvent1Amt
Charitable Contri Event1$46,475CharitableContriEvent1Amt
Gross Revenue Event1$25,500GrossRevenueEvent1Amt
Cash Prizes Event1$400CashPrizesEvent1Amt
Non Cash Prizes Event1$1,994NonCashPrizesEvent1Amt
Rent Facility Costs Event1$19,649RentFacilityCostsEvent1Amt
Food And Beverage Event1$36FoodAndBeverageEvent1Amt
Other Direct Expenses Event1$10,642OtherDirectExpensesEvent1Amt
Event2ALUMNI REUNIONEvent2Nm
Gross Receipts Event2$440,128GrossReceiptsEvent2Amt
Charitable Contri Event2$268,387CharitableContriEvent2Amt
Gross Revenue Event2$171,741GrossRevenueEvent2Amt
Non Cash Prizes Event2$1,119NonCashPrizesEvent2Amt
Rent Facility Costs Event2$8,100RentFacilityCostsEvent2Amt
Food And Beverage Event2$64,860FoodAndBeverageEvent2Amt
Entertainment Event2$6,140EntertainmentEvent2Amt
Other Direct Expenses Event2$70,306OtherDirectExpensesEvent2Amt
Other Events Total0OtherEventsTotalCnt
Gross Receipts Total$512,103GrossReceiptsTotalAmt
Charitable Contributions Tot$314,862CharitableContributionsTotAmt
Gross Revenue Total Events$197,241GrossRevenueTotalEventsAmt
Cash Prizes Total Events$400CashPrizesTotalEventsAmt
Non Cash Prizes Total Events$3,113NonCashPrizesTotalEventsAmt
Rent Fclty Costs Total Events$27,749RentFcltyCostsTotalEventsAmt
Food And Beverage Total Events$64,896FoodAndBeverageTotalEventsAmt
Entertainment Total Events$6,140EntertainmentTotalEventsAmt
Oth Direct Expnss Total Events$80,948OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$183,246DirectExpenseSummaryEventsAmt
Net Income Summary$13,995NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

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

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (2 entries)

Grant TypeGrantTypeTxtRecipientRecipientCntCash GrantCashGrantAmtValuation Method UsedValuationMethodUsedDesc
Emerson College Funded Scholarships2440$36,512,476FMV
State Scholarships243$427,897FMV

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceMONITOR THE USE OF GRANT FUNDS IN THE U.S.FormAndLineReferenceDesc
ExplanationSCHEDULE I, 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 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.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
First Class Or Charter TravelYes (X)FirstClassOrCharterTravelInd
Idemnification Gross Up PmtsYes (X)IdemnificationGrossUpPmtsInd
Housing Allowance Or ResidenceYes (X)HousingAllowanceOrResidenceInd
Personal ServicesYes (X)PersonalServicesInd
Written Policy Ref T And E ExpnssYes (true)WrittenPolicyRefTAndEExpnssInd
Substantiation RequiredYes (true)SubstantiationRequiredInd
Compensation CommitteeYes (X)CompensationCommitteeInd
Independent ConsultantYes (X)IndependentConsultantInd
Form990 Of Other OrganizationsYes (X)Form990OfOtherOrganizationsInd
Written Employment ContractYes (X)WrittenEmploymentContractInd
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 PaymentsfalseAnyNonFixedPaymentsInd
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
M Lee Pelton
President/Trustee$645,177$0$0$0$75,726$0$23,850$0$124,528$0$869,281$0$0$0
Michaela Whelan
Provost & VP for Academic Aff.$254,575$0$0$0$1,278$0$23,153$0$8,362$0$287,368$0$0$0
Christine Hughes
VP & Gen. Counsel and Clerk$210,273$0$0$0$1,940$0$19,215$0$12,322$0$243,750$0$0$0
Maureen Murphy
VP for Admin. and Finance$305,534$0$0$0$4,546$0$23,850$0$27,347$0$361,277$0$0$0
Ruthanne Madsen
VP for Enrollment Management$194,895$0$0$0$405$0$17,781$0$0$0$213,081$0$0$0
William Gilligan
VP for Information Technology$238,731$0$0$0$6,609$0$29,050$0$13,319$287,709$0$0$0
Donna Heiland thru 216
VP & Special Ass. to President$208,825$0$0$0$1,921$0$19,009$0$8,962$238,717$0$0$0
Jeffrey Schoenherr thru 215
VP of Devel. & Alumni Relation$40,441$0$0$0$167,893$0$3,703$0$3,807$215,844$0$0$0
Sylvia Spears
VP for Diversity and Inclusion$216,095$0$0$0$2,036$0$20,051$0$21,282$259,464$0$0$0
Andrew Tiedemann
VP for Comm. and Marketing$199,640$0$0$0$1,891$0$18,761$0$25,280$245,572$0$0$0

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule J, Part I, Line 1aFIRST-CLASS TRAVEL THE COLLEGE'S POLICY OUTLINES THAT THE PRESIDENT AND VICE PRESIDENTS MAY TAKE FIRST CLASS TRAVEL ON COLLEGE-RELATED BUSINESS. IN ACCORDANCE WITH COLLEGE POLICY, THE PRESIDENT OCCASIONALLY TAKES FIRST CLASS TRAVEL FOR BUSINESS PURPOSES. PERMISSION FOR FIRST-CLASS TRAVEL BY THE PRESIDENT AND VICE PRESIDENTS IS GIVEN TO ALLOW THEM TO BEST REPRESENT THE INSTITUTION AFTER TRAVEL AND THEREFORE IS NOT INCLUDED IN COMPENSATION. Schedule J, Part I, Line 1a HOUSING FOR PERSONAL USE AND PERSONAL SERVICES IN ACCORDANCE WITH COLLEGE POLICY AND INTERNAL REVENUE CODE SECTION 119, THE COLLEGE REQUIRES THE PRESIDENT TO LIVE IN A RESIDENCE OWNED BY THE COLLEGE AS A CONDITION OF EMPLOYMENT DURING HIS TENURE. THE PRESIDENTIAL RESIDENCE IS PROVIDED FOR THE CONVENIENCE OF THE COLLEGE AND EXTENSIVELY USED FOR BUSINESS OF THE COLLEGE. HOUSEKEEPING IS PROVIDED TO MAINTAIN THE APPEARANCE OF THE RESIDENCE FOR COLLEGE FUNCTIONS. THE VALUE OF THE PERSONAL USE OF THE HOME IS INCLUDED IN NON-TAXABLE BENEFITS REPORTED ON SCHEDULE J PART II COLUMN (D). THE VALUE OF THE HOME WAS BASED ON AN INDEPENDENT MARKET APPRAISAL. schedule j, part i, line 1a 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).
Schedule J, Part I, Line 4aSeverance Agreements The President's employment contract includes a severance provision that provides for the lesser of two years of salary or salary for the remainder of his term. No amounts were paid under this provision during calendar year 2015.

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (3 entries)

Bond ReferenceBondReferenceCdBond Issuer EINBondIssuerEINCUSIPCUSIPNumBond IssuedBondIssuedDtIssue PriceIssuePriceAmtPurposePurposeDescDefeasedDefeasedIndOn Behalf Of IssuerOnBehalfOfIssuerIndPool FinancingPoolFinancingInd
MDFA-SERIES 2010 A
A04343181457583RY742010-06-24$124,760,655DORMS/CLASSROOMS/OFFICE/THEATERfalsefalsefalse
CMFA SERIES 2011
B20156346613048tmz32011-12-08$55,463,072LOS ANGELES BUILDINGfalsefalsefalse
MDFA Series 2015
C04343181457583u7J12015-05-14$143,055,842Construction of Dormitory & renovafalsefalsefalse

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$8,455,000$0$124,760,655$0$0$0$941,526$0$0$109,067,272$14,751,857$02012Yes (true)falseYes (true)Yes (true)
B$0$0$55,463,072$0$4,837,952$0$621,432$0$0$50,003,688$5,459,384$02014falsefalseYes (true)Yes (true)
C$0$0$143,055,842$0$7,468,507$0$892,053$0$0$26,154,494$64,692,256$43,848,532falseYes (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 OthersPrivateBusUseByOthersPctTotal Private Business UseTotalPrivateBusinessUsePctBond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestIndChange In Use Bond Financed PropChangeInUseBondFinancedPropIndRemedial Action TakenRemedialActionTakenIndProcs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd
Afalsefalsefalsefalse0.000800.00080falsefalsefalseYes (true)
Bfalsefalsefalsefalse0falsefalsefalseYes (true)
Cfalsefalsefalsefalse0falsefalsefalseYes (true)

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (3 entries)

Bond ReferenceBondReferenceCdForm8038 T FiledForm8038TFiledIndException To RebateExceptionToRebateIndNo Rebate DueNoRebateDueIndVariable Rate IssueVariableRateIssueIndHedge Identified In Bks And RecHedgeIdentifiedInBksAndRecIndGross Proceeds Invested In GICGrossProceedsInvestedInGICIndBusiness Name Line1GICProviderName/BusinessNameLine1TxtGross Proceeds InvestedGrossProceedsInvestedIndWritten Proc To Monitor ReqsWrittenProcToMonitorReqsInd
0
AfalsefalseYes (true)falsefalsefalse0falseYes (true)
0
BfalsefalseYes (true)falsefalsefalse0falseYes (true)
0
CfalsefalseYes (true)falsefalsefalse0falseYes (true)

Procedures Corrective Action ProceduresCorrectiveActionGrp (3 entries)

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

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule K, Part IV, Line 2cFormAndLineReferenceDesc
ExplanationFOR BOND ISSUE A (SERIES 2010), THE REBATE CALCULATION WAS PERFORMED as of December 31, 2014. FOR BOND ISSUE B (SERIES 2013), THE REBATE CALCULATION WAS PERFORMED as of JUNE 30, 2016. FOR BOND ISSUE C (SERIES 2015), THE REBATE CALCULATION WAS PERFORMED as of AUGUST 14, 2016.ExplanationTxt

Schedule L IRS990ScheduleL

Grnt Asst Bnft Interested Prsn GrntAsstBnftInterestedPrsnGrp

FieldValueIRS element (for citing)
Cash Grant$38,304CashGrantAmt
Type Of AssistanceSCHOLARSHIPTypeOfAssistanceTxt
Assistance PurposeMERITAssistancePurposeTxt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule L, Part III, Line 1FormAndLineReferenceDesc
ExplanationGrants benefitting interested persons The college granted a merit scholarship to one student who is the child of a current member of the board of trustees. The college ensured the SCHOLARSHIP was awarded based on merit to the eligible student who met the required academic standing. The trustee does not have any influence in the decision making process for awarding scholarships.ExplanationTxt

Schedule M IRS990ScheduleM

FieldValueIRS element (for citing)
Works Of ArtWorksOfArtGrp
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
Contribution8ContributionCnt
Noncash Contributions Rpt F990$469,095NoncashContributionsRptF990Amt
Method Of Determining RevenuesFAIR MARKET VALUEMethodOfDeterminingRevenuesTxt
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
Any Property That Must Be HeldfalseAnyPropertyThatMustBeHeldInd
Review Process Unusual NC GiftsYes (true)ReviewProcessUnusualNCGiftsInd
Third Parties UsedfalseThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, COLUMN (B)FormAndLineReferenceDesc
ExplanationAMOUNTS IN COLUMN (B) REPRESENT THE NUMBER OF CONTRIBUTIONS RECEIVED.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
VOLUNTEERSForm 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. Mission Form 990, Part III, Line 1 The College is organized into two schools, each of which offers both undergraduate and graduate degree programs: the School of the Arts and the School of Communication. In addition to its Boston, Massachusetts location, the College maintains campuses in Los Angeles, California and Kasteel Well, The Netherlands. Business relationships Form 990, Part VI, Section A, line 2 DURING THE FISCAL YEAR ENDED JUNE 30, 2016, TRUSTEES VINCENT J. DI BONA AND GARY GROSSMAN HAD A BUSINESS RELATIONSHIP. Changes to the Organization's Bylaws Form 990, Part VI, Section A, line 4 The college's bylaws were amended March, 2016 to grant the Chief Financial Officer the right to serve as Assistant Treasurer to the Board for the purposes of executing real estate documents pursuant to Massachusetts General Laws Ch. 155s8.
FORM 990 REVIEW PROCESSPART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING 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 APPROPRIATE. THE FORM 990 IS THEN PROVIDED TO ALL MEMBERS OF THE GOVERNING BODY BY WAY OF A SECURE, PASSWORD PROTECTED WEBSITE ON WHICH THE ENTIRE FORM 990 AND ALL REQUIRED SCHEDULES ARE AVAILABLE FOR REVIEW. ALL TRUSTEES ARE ASKED TO REVIEW THE FILING AND FORWARD ANY COMMENTS TO MANAGEMENT FOR CONSIDERATION AND DISCUSSION IF NECESSARY WITH THE INDEPENDENT TAX RETURN PREPARER. AT THE END OF THE REVIEW PERIOD, THE FINAL RETURN, AS IT WILL BE FILED WITH THE IRS, IS PROVIDED TO ALL MEMBERS OF THE GOVERNING BODY PRIOR TO FILING.
CONFLICT OF INTEREST POLICYPART VI, SECTION B, LINE 12C THE BY-LAWS OF THE BOARD OF TRUSTEES CONTAIN A WRITTEN CONFLICT OF INTEREST POLICY. OFFICERS AND MEMBERS OF THE BOARD ANNUALLY ACKNOWLEDGE RECEIPT OF, AND FAMILIARITY WITH, THE POLICY. WHEN AN INDIVIDUAL DISCLOSES A POSSIBLE CONFLICT OF INTEREST, OR WHEN A POSSIBLE CONFLICT IS OTHERWISE IDENTIFIED, IT IS REFERRED TO THE PRESIDENT OF THE COLLEGE AND THE CHAIR OF THE BOARD OF TRUSTEES. THE CHAIR REVIEWS THE POSSIBLE CONFLICT OF INTEREST AND, IF WARRANTED, SELECTS AN AD HOC COMMITTEE TO REVIEW THE POSSIBLE CONFLICT OF INTEREST. THE PRESIDENT AND THE VICE PRESIDENT AND GENERAL COUNSEL OF THE COLLEGE PREPARE A MEMORANDUM DESCRIBING THE POTENTIAL CONFLICT OF INTEREST THAT IS SENT TO THE MEMBERS OF THE AD HOC COMMITTEE. THE MEMBERS OF THE AD HOC COMMITTEE MEET AND DETERMINE WHETHER TO PERMIT THE POTENTIAL CONFLICT OF INTEREST. If the trustee has a conflict, they must recuse themselves from any committees tasked with making a decision on the topic where they have a conflict.
COMPENSATION REVIEWPART VI, SECTION B, LINES 15A AND 15B EVERY YEAR, THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS COMPENSATION PAID TO ALL OFFICERS AND KEY EMPLOYEES TO ENSURE THAT SAID EMPLOYEES ARE COMPENSATED REASONABLY. ADDITIONALLY, EVERY OTHER YEAR, THE COLLEGE PERFORMS AN IN-DEPTH COMPENSATION REVIEW OF ITS OFFICERS AND KEY EMPLOYEES WITH THE ASSISTANCE OF AN INDEPENDENT OUTSIDE COMPENSATION CONSULTANT. IN EITHER CASE, IF NECESSARY, THE COLLEGE REVISES THE COMPENSATION PAID. AS PART OF THE VICE PRESIDENT COMPENSATION REVIEW, INDEPENDENT OUTSIDE COMPENSATION CONSULTANTS WORK WITH THE PRESIDENT AND CONSIDER THE RESPONSIBILITIES OF EACH POSITION, THE COLLEGE'S NEEDS AND EXPECTATIONS WITH RESPECT TO EACH POSITION, THE JOB PERFORMANCE OF EACH VICE PRESIDENT, THE FINANCIAL HEALTH OF THE COLLEGE, AND COMPREHENSIVE COMPARABLE DATA. WITH THIS INFORMATION, INDEPENDENT OUTSIDE COMPENSATION CONSULTANTS MAKE A RECOMMENDATION FOR THE VICE PRESIDENTS COMPENSATION WHICH IS THEN SHARED WITH THE PRESIDENT FOR APPROVAL, AND FINALLY WITH THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES FOR THEIR FINAL APPROVAL. THE PRESIDENTS COMPENSATION IS DETERMINED ON A CONTRACTUAL BASIS. IN DETERMINING THE PRESIDENTS COMPENSATION, AN INDEPENDENT OUTSIDE COMPENSATION CONSULTANT CONSIDERS COMPARABLE DATA FOR SIMILAR INSTITUTIONS, THE RESPONSIBILITIES OF THE POSITION, THE COLLEGE'S NEEDS AND EXPECTATIONS WITH RESPECT TO THE POSITION, AND THE FINANCIAL HEALTH OF THE COLLEGE. WITH THIS INFORMATION, THE INDEPENDENT OUTSIDE COMPENSATION CONSULTANT MAKES A RECOMMENDATION WHICH IS FORMALLY APPROVED BY THE BOARD OF TRUSTEES. THE ABOVE PROCESS, INCLUDING IDENTIFICATION OF THE BOARD MEMBERS WHO WERE PRESENT AND APPROVED THE COMPENSATION, IS DOCUMENTED IN THE MEETING MINUTES OF THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES AND THE FULL BOARD OF TRUSTEES, RESPECTIVELY. THESE MINUTES ARE THEN APPROVED AT THE NEXT MEETING OF THE RESPECTIVE GROUPS. AS DESCRIBED, THE COMPENSATION PROCEDURES OF THE COLLEGE MET THE REQUIREMENTS OF THE REBUTTABLE PRESUMPTION.
PUBLIC INSPECTIONPART VI, SECTION C, LINE 19 EMERSON COLLEGE MAKES AVAILABLE FORM 990 ON ITS WEBSITE, AND FORM 990-T 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.
OTHER CHANGES IN NET ASSETSFORM 990, PART XI, LINE 9 OTHER CHANGES IN NET ASSETS INCLUDE THE CHANGE IN PRESENT VALUE OF A CHARITABLE REMAINDER TRUST IN THE AMOUNT OF ($56,076).

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