2016-05-13T15:53:57-05:00 2015-06-30 GRANT THORNTON LLP 75 STATE STREET BOSTON MA 02109 990 2014-07-01 041286950 EMERSON COLLEGE % JONATHAN PEARSALL EMER 6178248500 120 BOYLSTON STREET BOSTON MA 021164624 Maureen Murphy VP Admin & Finance 6178248500 2016-05-16 true Robert J Butler Jr P00037953 6177237900 2014 2016-08-17 19:52:53Z Lee Pelton 120 BOYLSTON STREET BOSTON MA 021164624 219964243 false X www.emerson.edu X 1880 MA To 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. 23 21 3286 1200 3419381 -2019606 5278420 9321951 187641149 197803112 3639799 4076386 3520683 5002189 200080051 216203638 34009740 35200507 0 0 79957817 83253575 0 0 4397007 75029837 89522556 188997394 207976638 11082657 8227000 685203486 768160365 280009443 358464322 405194043 409696043 emerson college is a four-year college offering degrees primarily in the fields of performing arts and communications. false false 118933044 35200507 160641655 EMERSON COLLEGE PROVIDES UNDERGRADUATE AND GRADUATE PROGRAMS CHALLENGING STUDENTS TO THINK AND COMMUNICATE WITH CLARITY, SUBSTANCE AND INSIGHT. THE CURRICULUM INTEGRATES COMMUNICATION WITH LIBERAL ARTS AND EMPHASIZES A GLOBAL OUTLOOK AND PRACTICAL EXPERIENCE TO HELP DEVELOP THE INHERENT CAPACITIES OF EACH STUDENT. the college educates approximately 3,700 undergraduate and 750 graduate students annually - from 48 u.s. states and 57 countries. the college has more than 450 full and part-time faculty. 50318032 0 39338012 AUXILIARY ENTERPRISES PROVIDE SERVICES FOR THE STUDENTS TO ENSURE THEY ARE APPROPRIATELY SUPPORTED. THE SERVICES INCLUDE ROOM, BOARD AND THE BOOKSTORE. 169251076 true true false false false false false false false true true true false false true true true false true true true false true false true false false false true true true false false false false false false true false false false true false false false false false false false false true 6403 0 true 3286 true true true true NL false false false true true false false false false X 23 21 true false false false false false false true true false false true true true true true true true true false AL AK AR CA CT DE HI ID IN IA KS ME MA MN MS MO MT NE NV NH NM NC ND OH RI SC SD TN TX UT VT VA WV WI WY X X JONATHAN PEARSALL 6178248426 120 BOYLSTON STREET BOSTON MA 021164621 Jeffrey D Greenhawt Chairman 2.0 0.0 X X 0 0 0 Vincent j Di Bona Vice Chairman 2.0 0.0 X X 0 0 0 Albert m Jaffe Vice Chairman 2.0 0.0 X X 0 0 0 Larry Rasky Vice Chairman (thru 06/2015) 2.0 0.0 X X 0 0 Steven Samuels Vice Chairman 2.0 0.0 X X 0 0 0 Richard Janssen Treasurer 2.0 0.0 X X 0 0 0 Marillyn Zacharis Secretary 2.0 0.0 X X 0 0 0 Eric Alexander board member 2.0 0.0 X 0 0 0 Daniel H Black board member 2.0 0.0 X 0 0 0 Bobbi Brown board member 2.0 0.0 X 0 0 0 Brian Carty board member (thru 12/2015) 2.0 0.0 X 0 0 0 Dan Cohen board member 2.0 0.0 X 0 0 0 Robert Friend board member 2.0 0.0 X 0 0 0 Linda moray-Gersh board member 2.0 0.0 X 0 0 0 Gary Grossman board member 2.0 0.0 X 0 0 0 Doug A Herzog board member 2.0 0.0 X 0 0 0 Leo j Hindery Jr board member 2.0 0.0 X 0 0 0 Douglas Holloway board member 2.0 0.0 X 0 0 0 Judy Huret board member 2.0 0.0 X 0 0 0 Ann Leary board member 2.0 0.0 X 0 0 0 Michael MacWade board member 2.0 0.0 X 0 0 0 max mutchnick board member 2.0 0.0 X 0 0 0 Linda Schwartz board member 2.0 0.0 X 0 0 0 Raj Sharma board member 2.0 0.0 X 0 0 0 Ronald L Walker II board member (thru 1/2015) 2.0 0.0 X 0 0 0 Lee Pelton President/Trustee 40.0 0.0 X X 688980 0 145340 Michaela Whelan VP Academic Affairs 40.0 0.0 X 249769 0 30035 Christine Hughes VP & General Counsel & Clerk 40.0 0.0 X 205781 0 30558 Maureen Murphy VP Admin & Finance 40.0 0.0 X 287135 0 27930 MJ Knoll Finn VP Enrollment Mgmt(Thru 10/14) 40.0 0.0 X 209306 0 37144 William Gilligan VP Information Technology 40.0 0.0 X 238135 0 50313 Donna Heiland VP & Special Asst to President 40.0 0.0 X 217704 0 16396 Jeffrey Schoenherr VP Dev. & Alumni (Thru 03/15) 40.0 0.0 X 238363 0 43725 Sylvia Spears VP Diversity & Inclusion 40.0 0.0 X 200974 0 38817 Robert Orchard Executive Director of the arts 40.0 0.0 X 254149 0 25573 2790296 0 445831 108 false true false Elkus Manfredi Architects 29 Drydock Avenue BOSTON MA 02210 Architectural Serv 2018455 Greenberg Traurig LLP One International Place BOSTON MA 02210 Legal Services 270690 KPMG 2 Financial Center BOSTON MA 02111 Accounting Services 190725 Bennett Communication Inc One Bennett Lane QUINCY MA 02169 Telecommunications 172771 Goodwinn Proctor LLP 50 State Street BOSTON MA 02210 Legal Services 172321 19 60655 2229000 7032296 2924081 9321951 TUITION & FEES 611710 160641655 160641655 ROOM & BOARD 611710 33185633 33185633 THEATER REVENUE 531390 2895336 2895336 SUMMER CONFERENCE 531390 524045 524045 BOOKSTORE COMMISSION 611710 148423 148423 408020 408020 197803112 2316317 2316317 0 2683832 2683832 1627190 1332396 294794 0 294794 294794 3992000 2231931 1760069 1760069 1760069 43286 60655 196278 -152992 -152992 0 0 MISCELLANEOUS 611710 2176555 2176555 2176555 216203638 196560286 3419381 6902020 0 34164775 34164775 1035732 1035732 0 1731850 1212821 292406 226623 33711 26113 6296 1302 65317924 50708740 12225660 2383524 4071739 3154022 760421 157296 7945568 6154739 1483881 306948 4152783 3216799 775557 160427 0 971902 971902 339396 339396 0 0 418000 418000 3133973 2517167 608806 8000 1157933 921964 224940 11029 4706382 3409607 914263 382512 1761185 1353121 342128 65936 0 8441411 6801548 1639832 31 3168278 2199797 615471 353010 0 0 14807877 11931293 2876584 0 19952245 16076315 3875930 3803479 3064614 738865 OTHER FOOD SERVICES 7029567 5663990 1365566 11 OTHER SERVICES 10052400 7782878 1952783 316739 RENOVATIONS/CONTRACTS MAINT 4485843 3593964 871421 20458 MISCELLANEOUS 3363083 2706320 653602 3161 1929602 1554757 374845 207976638 169251076 34328555 4397007 X 0 0 24419091 34519809 2814146 4439736 2241535 3470044 0 0 0 0 2432850 2478960 0 0 875176 2121942 688263248 200108539 494229383 488154709 142471580 136823760 13348000 93211503 0 0 0 0 2371725 2939902 685203486 768160365 21488908 23036743 0 0 11087767 13975246 243479028 317473934 0 0 0 0 0 0 0 0 3953740 3978399 280009443 358464322 X 372812448 377924043 9973812 8089000 22407783 23683000 405194043 409696043 685203486 768160365 8227000 -3725000 X false true X true true true X 7110738 4789333 6805007 5278420 9321951 33305449 0 0 7110738 4789333 6805007 5278420 9321951 33305449 3171726 30133723 5745475 5590187 6516158 2284893 6627339 26764052 0 114263 72304 58481 137033 43286 425367 60494868 876014974 0.49812 0.44210 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 146174009 7028768 -175992 3807394 149219391 127945924 2217617 19228787 3218319 146174009 117064905 1397951 12298021 2814953 127945924 118988122 1522529 -853654 2592092 117064905 105776357 1854285 13527183 2169703 118988122 0.80538 0.14280 0.05182 false false 0 64709055 64709055 0 549775987 143360979 406415008 0 2209811 1052535 1157276 0 62604359 55695025 6909334 0 8964036 8964036 488154709 FUNDS HELD BY BOND TRUSTEE 81992095 F ALTERNATIVE INVESTMENTS 11219408 F 93211503 0 REFUNDABLE ADVANCES GOVT GRANT 1230000 CAPITAL LEASE OBLIGATION 2748399 3978399 X 178389000 -3725000 1529362 -2195638 180584638 418000 35201000 35619000 216203638 173887000 1529362 1529362 172357638 418000 35201000 35619000 207976638 Endowment Funds Schedule D, Part V, Line 4 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 MAINTAINING COLLEGE FACILITIES AND PROGRAM SERVICES. Uncertain Tax Positions Schedule D, Part X, Line 2 The College believes it has no significant uncertain tax positions. Schedule D, Part XI, Line 2d and Part XII, line 2d RENTAL EXPENSES $ 1,333,084 FUNDRAISING EXPENSES 196,278 _____________ TOTAL $ 1,529,362 Schedule D, Part XI, Line 4b and Part XII, Line 4b scholarships $ 35,201,000 true true true true true true true false false false false false false false false true false true NONDISCRIMINATORY POLICY Schedule E, 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 ASSISTANCE Schedule E, 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. true Europe (Including Iceland and Greenland) 1 36 Program Services Semester abroad class 2544817 Central America and the Caribbean Investments 28550651 Europe (Including Iceland and Greenland) Grantmaking Scholarships 1035732 1 36 1 36 32131200 32131200 Emerson College Funded Scholarships Europe (Including Iceland and Greenland) 119 987585 grantmaking State Scholarships Europe (Including Iceland and Greenland) 9 3287 grantmaking Federal Grants/Scholarships Europe (Including Iceland and Greenland) 19 44860 GRANTMAKING true false false false false true MONITOR 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 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. 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. GOLF TOURNAMENT 83950 55624 28326 1519 9280 5193 1190 3985 ALUMNI REUNION 20001 5041 14960 1762 75931 76064 4329 17025 0 103951 60665 43286 3281 85211 81257 5519 21010 196278 -152992 true Emerson College Funded Scholarships 2285 30814401 Federal Scholarships 657 2924677 State Scholarships 263 425697 MONITOR THE USE OF GRANT FUNDS IN THE U.S. SCHEDULE 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. X X X true true X X X X X X true false false false false false false false false Lee Pelton President/Trustee 643646 0 0 0 45334 0 23400 0 121940 0 834320 0 0 0 Michaela Whelan VP Academic Affairs 248520 0 0 0 1249 0 22613 0 7422 0 279804 0 0 0 William Gilligan VP Information Technology 231654 0 0 0 6481 0 28481 0 21832 0 288448 0 0 0 Donna Heiland VP & Special Asst to President 204574 0 0 0 13130 0 7818 0 8578 0 234100 0 0 0 Christine Hughes VP & General Counsel & Clerk 203898 0 0 0 1883 0 18650 0 11908 0 236339 0 0 0 MJ Knoll Finn VP Enrollment Mgmt(Thru 10/14) 186179 0 0 0 23127 0 17550 0 19594 0 246450 0 0 0 Jeffrey Schoenherr VP Dev. & Alumni (Thru 03/15) 237576 0 0 0 787 0 21893 0 21832 0 282088 0 0 0 Maureen Murphy VP Admin & Finance 283011 0 0 0 4124 0 23400 0 4530 0 315065 0 0 0 Sylvia Spears VP Diversity & Inclusion 199106 0 0 0 1868 0 18515 0 20302 0 239791 0 0 0 Robert Orchard Executive Director of the arts 247360 0 0 0 6789 0 22287 0 3286 0 279722 0 0 0 Schedule J, Part I, Line 1a FIRST-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. Schedule J, Part I, Line 1a HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE 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. 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). taxable compensation and reported on Schedule J Part II column (B)(iii). Schedule J, Part I, line 4a Severance 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 2014. A MDFA-SERIES 2010 A 043431814 57583ry74 2010-06-24 124760655 DORMS/CLASSROOMS/OFFICE/THEATER false false false B CMFA SERIES 2011 201563466 13048tmz3 2011-12-08 55463072 LOS ANGELES BUILDING false false false C MDFA Series 2015 043431814 57583u7J1 2015-05-14 143055842 Construction of Dormitory & renova true false false A 2815000 0 124760655 0 0 0 941526 0 0 109067272 14751857 0 2012 true false true true B 0 0 55463072 0 4837952 0 621432 0 0 50003688 5459384 0 2014 false false true true C 64692256 59375000 143055842 0 7468507 64692256 892053 0 0 70003026 0 0 2017 false true true true A false false false false 0.00057 0.00057 false false false true B false false false false 0 false false false true C false false false false 0 false false false true A false true false false false false 0 false 0 false true B false true false false false false 0 false 0 false true C false true false false false false 0 false 0 false true A true B true C true 36650 SCHOLARSHIP merit Schedule L, Part III, Line 1 Grants 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. X 14 2924081 Fair market value false true false PART I, COLUMN (B) AMOUNTS IN COLUMN (B) REPRESENT THE NUMBER OF CONTRIBUTIONS RECEIVED. volunteers Form 990, Part I, Line 6 the college identified the areas and departments that use volunteers during the tax year. these departments were asked to estimate the number of volunteers used for the various programs. the types of services provided by these volunteers include phone-a-thons, orientation, campus tour guides, and information sessions. the number does not include employees. Business relationships Form 990, Part VI, Section A, line 2 During the fiscal year ended june 30, 2015, trustees vincent j. di bona and gary grossman had a business relationship. FORM 990 REVIEW PROCESS PART 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 POLICY PART 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. COMPENSATION REVIEW PART VI, SECTION B, LINES 15A AND 15B DURING FISCAL YEAR 2015, The college reviewed and revised the compensation paid to all its officers and key employees. The college was assisted throughout the process by independent outside counsel. Vice president compensation recommendations are made by the president and reviewed by the Compensation committee of the board of trustees. After discussion, the committee approves recommended compensation to be submitted to the full board of trustees. The president and vice president compensations are then considered at a meeting of the full board of trustees. After discussion, the board of trustees approve compensation terms for the president and each vice president. At the meetings of both the compensation committee and the board of trustees, it is first determined that no member of the committee or board has a conflict of interest. Then, the committee and board consider the responsibilities of each position, the college's needs and expectations with respect to each position, the job performance of each vice President and the president, the financial health of the college, and comprehensive comparable data provided by an independent national compensation consulting firm. The above process, including identification of the board members who were present and approved the compensation, was documented in the minutes of the board of trustees meeting. These minutes were then approved at the next Board of trustees meeting. as described, The compensation procedures of the college meet the requirements of the rebuttable presumption. PUBLIC INSPECTION PART 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.