2015-04-14T10:55:38-05:00 2014-05-31 KPMG LLP 60 South Street Boston MA 02111 990 2013-06-01 042300472 BERKLEE COLLEGE OF MUSIC INC % BRUCE M GREENBERG BERK 6177472287 1140 BOYLSTON STREET Suite BOSTON MA 022153693 RICHARD HISEY SR VICE PRESIDENT/CFO 6177472287 2015-04-13 true TARA D'AGOSTINO P01245482 6177472287 2013 2016-02-25 16:41:14Z ROGER H BROWN 1140 BOYLSTON STREET BOSTON MA 022153693 312894990 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 CAREEER. 32 31 3347 30 203400 132446 10978986 16973380 205189389 213494107 7691201 19947644 2097870 2526085 225957446 252941216 33690114 37894232 0 0 115072676 119244453 0 0 5887063 65316578 68498116 214079368 225636801 11878078 27304415 577343235 615443166 376498874 368027653 200844361 247415513 X THE MISSION OF BERKLEE COLLEGE OF MUSIC IS TO EDUCATE, TRAIN, AND DEVELOP STUDENTS TO EXCEL IN MUSIC AS A CAREER. false false 163944423 37380882 183905819 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 4,250 STUDENTS FROM THE US AND 104 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. 11858240 12944502 BERKLEE ONLINE: BERKLEE COLLEGE OF MUSIC OFFERS ACCREDITED PROGRAMS IN THE AREAS OF PRODUCTION, GUITAR, SONG WRITING, THEORY, HARMONY AND EAR TRAINING, AND THE MUSIC BUSINESS. CURRENTLY MORE THAN 8,159 STUDENTS PARTICIPATE IN ONLINE LEARNING. 6923688 18084713 AUXILIARY SERVICES: THE COLLEGE HAS RESIDENCE HALL FACILITIES TO PROVIDE HOUSING FOR THOSE STUDENTS THAT CHOOSE TO LIVE AT THE COLLEGE. THE COLLEGE ALSO PROVIDES MEAL PLANS FOR BOTH STUDENTS IN HOUSING AND THOSE COMMUTER STUDENTS THAT CHOOSE THIS PLAN. 182726351 true true false false false false false false true true false false true true true false true true true true false false false true false false false true true true false false false false false false false false false false true false false false false true true true false false true 821 0 true 3347 true true true true SP false false false true true false false false false X 32 31 true false false false false false false true true false false true true true true true true true true true false MA X X BRUCE M GREENBERG 6177472287 1140 BOYLSTON STREET BOSTON MA 022153693 DAVID C ABRAMS TRUSTEE 1.0 0.0 X 0 0 0 DAVID ALTARESCU TRUSTEE 1.0 0.0 X 0 0 0 LUIS ALVAREZ TRUSTEE 1.0 0.0 X 0 0 0 LES BAKER TRUSTEE 1.0 0.0 X 0 0 0 FRANCES R BERMANZOHN TRUSTEE 1.0 0.0 X 0 0 0 MICHAEL BROWN TRUSTEE 1.0 0.0 X 0 0 0 PAT CASALE TRUSTEE 1.0 0.0 X 0 0 0 DAVID CLEM TRUSTEE 1.0 0.0 X 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0 0 0 BILL WHELAN TRUSTEE 1.0 0.0 X 0 0 0 SUSAN WHITEHEAD TRUSTEE 1.0 0.0 X 0 0 0 ANN MARIE WILKINS TRUSTEE 1.0 0.0 X 0 0 0 LEWIS T WILLIAMS TRUSTEE 1.0 0.0 X 0 0 0 BARRY ZUBROW TRUSTEE 1.0 0.0 X 0 0 0 ROGER H BROWN PRESIDENT 35.0 0.0 X X 518299 0 62181 RICHARD HISEY SR VICE PRESIDENT/CFO 35.0 0.0 X 299811 0 62694 MELISSA HOWE SECRETARY 35.0 0.0 X 0 0 0 ROBERT ROSE VP OF SPECIAL PROGRAMS 35.0 0.0 X 516801 0 54622 DEBORAH CAVALIER VP OF ONLINE LEARNING/CONT ED 35.0 0.0 X 360964 0 37377 CYNTHIA LINK SENIOR VICE PRESIDENT 35.0 0.0 X 269924 0 62635 DAVID S MASH SENIOR VICE PRESIDENT 35.0 0.0 X 310827 0 47442 LAWRENCE J SIMPSON SENIOR VICE PRESIDENT 35.0 0.0 X 309781 0 40180 JOANNE WHITAKER FORMER CORP SECRETARY/CLERK 35.0 0.0 X 100988 0 25301 AMELIA S KOCH FORMER VP/TREASURER 35.0 0.0 X 211723 0 25762 DAVID KUSEK FORMER VICE PRESIDENT 35.0 0.0 X 219865 0 0 3118983 0 418194 199 true true false LEE KENNEDY COMPANY INC 122 QUINCY SHORE DRIVE QUINCY MA 02171 CONSTRUCTION MGMT. 21757646 ARAMARK SERVICES INC 1057 SOLUTIONS CENTER CHICAGO IL 60677 FOOD SERVICES 3782082 ACME BUILDING SERVICES INC LAKESIDE OFFICE PARK DOOR 6 WAKEFIELD MA 01880 CUSTODIAL SERVICES 2915985 LONGWOOD SECURITY SERVICES 2 BROOKLINE PLACE SUITE 203 BROOKLINE MA 02445 SECURITY SERVICES 1643217 WILLIAM RAWN ASSOCIATES 10 POST OFFICE SQUARE BOSTON MA 02109 ARCHITECT 861845 43 1673330 844206 14455844 416007 16973380 TUITION & FEES 611710 180607478 180607478 ROOM & BOARD 721310 18229940 18229940 BERKLEE ONLINE 611710 12944502 12944502 PERFORMANCE CENTER 611710 795052 795052 OTHER INCOME 611710 917135 917135 213494107 179027 -23834 202861 0 0 1783358 0 1541587 241771 0 241771 241771 74416574 0 54647957 19768617 0 19768617 227234 19541383 235327 1673330 444711 -209384 -209384 0 0 4760446 3319519 1440927 1440927 INTEREST INCOME NON-SECURITIES 900099 1078 1078 BOOKSTORE 451211 486221 486221 BERKLEE PRESS 900099 565472 565472 1052771 252941216 214935034 203400 20829402 0 37894232 37894232 0 0 837293 238033 408346 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BOND TRUSTEES 11577460 OTHER ASSETS 7796556 34962832 0 REFUNDABLE ADVANCES - U.S. GOV 2917234 2917234 X 282774134 19477429 5049672 24527101 258247033 -5305817 -5305817 252941216 238684970 13048169 13048169 225636801 225636801 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 AS 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. 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 5,260,364 PENSION OBLIGATION CHANGES OTHER THAN NET PERIODIC COSTS (210,692) TOTAL 5,049,672 REVENUE INCLUDED ON RETURN BUT NOT IN FINANCIAL STATEMENTS PART XI, LINE 4B RECLASS OF FUNDRAISING EXPENSE (444,711) RECLASS OF RENTAL EXPENSE (1,541,587) BERKLEE LAPTOP PROGRAM COSTS OF GOODS SOLD (3,319,519) TOTAL (5,305,817) OTHER EXPENSES INCLUDED IN FINANCIAL STATEMENTS BUT NOT ON RETURN PART XII, LINE 2D BERKLEE VALENCIA EXPENSES 7,742,352 BERKLEE LAPTOP PROGRAM COSTS OF GOODS SOLD 3,319,519 RECLASS OF RENTAL EXPENSE 1,541,587 RECLASS OF FUNDRAISING EXPENSE 444,711 TOTAL 13,048,169 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, AS WELL AS ALL EMPLOYMENT ADVERTISEMENTS. 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 4 Program Services VALENCIA CAMPUS 7742352 Central America and the Caribbean Program Services STUDY ABROAD 14899 Europe (Including Iceland and Greenland) Program Services STUDY ABROAD 7238 North America Program Services STUDY ABROAD 96519 Central America and the Caribbean Investments 73964621 1 4 1 4 81825629 81825629 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 1574227 1400848 173379 277054 40844 72100 BOSTON ROCKS 279525 244100 35425 35399 2 54905 28382 26523 19314 1908657 1673330 235327 277054 40844 126813 444711 -209384 true INTERNALLY FUNDED SCHOLARSHIPS 2319 34373268 EXTERNALLY FUNDED SCHOLARSHIPS 256 2754321 MASSACHUSETTS STATE SCHOLARSHIPS 142 205800 SEOG FINANCIAL AID 242 307550 COLLEGE WORK STUDY - PAYROLL 264 253293 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 true true false false false false false false false ROGER H BROWN PRESIDENT 407387 0 85860 0 25052 0 22950 0 39231 0 580480 0 0 0 RICHARD HISEY SR VICE PRESIDENT/CFO 249405 0 27520 0 22886 0 22950 0 39744 0 362505 0 0 0 JOANNE WHITAKER FORMER CORP SECRETARY/CLERK 77794 0 13500 0 9694 0 9455 0 15846 0 126289 0 0 0 ROBERT ROSE VP OF SPECIAL PROGRAMS 212025 0 10000 0 294776 0 22413 0 32209 0 571423 0 0 0 DEBORAH CAVALIER VP OF ONLINE LEARNING/CONT ED 191457 0 22990 0 146517 0 21343 0 16034 0 398341 0 0 0 CYNTHIA LINK SENIOR VICE PRESIDENT 231567 0 12850 0 25507 0 22950 0 39685 0 332559 0 0 0 DAVID S MASH SENIOR VICE PRESIDENT 275138 0 27981 0 7708 0 22950 0 24492 0 358269 0 0 0 LAWRENCE J SIMPSON SENIOR VICE PRESIDENT 252317 0 27010 0 30454 0 22950 0 17230 0 349961 0 0 0 AMELIA S KOCH FORMER VP/TREASURER 203066 0 4090 0 4567 0 18912 0 6850 0 237485 0 0 0 DAVID KUSEK FORMER VICE PRESIDENT 0 0 0 0 219865 0 0 0 0 0 219865 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. SEVERANCE PAYMENT PART I, LINE 4A DAVID KUSEK RECEIVED A SEVERANCE PAYMENT OF $219,865. SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN PART I, LINE 4B ROGER BROWN, DAVID MASH, AND AMELIA KOCH PARTICIPATE IN A FROZEN NONQUALIFIED SUPPLEMENTAL RETIREMENT PLAN. ROBERT ROSE AND DEBORAH CAVALIER RECEIVED PAYMENTS FROM A NONQUALIFIED SUPPLEMENTAL RETIREMENT PLAN DURING CALENDAR YEAR 2013 OF $271,045 AND $126,756, RESPECTIVELY. A MHEFA REVENUE BOND SERIES 2007A 042456011 57586CE27 2007-08-08 178014966 SEE SCHEDULE O 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 2013-08-01 15000000 BUILDINGS, STRUCTURES AND EQUIPMEN false false false A 22564966 0 183964049 0 0 0 1232844 0 0 100303829 82427376 0 2012 true false true true B 3336888 0 97849624 0 0 0 840781 0 0 97008843 0 0 2014 false false true true C 1125000 0 15001235 0 0 0 164500 0 0 3259275 0 11577460 2016 false false false true A false true false false 0.02500 0.00000 0.02500 false false 0.00000 false true B false false false false 0.01000 0.00000 0.01000 false false 0.00000 false true C false false false false 0.00000 0.00000 0.00000 false false 0.00000 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 false false true 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 1,235, RESPECTIVELY. REBATE COMPUTATION DATE SCHEDULE K, PART IV, LINE 2C NO REBATE IS DUE ON THE BOND ISSUES. THE COMPUTATION DATE WAS 05/31/2014. X SOFTWARE 2 230739 FMV X MUSICAL INSTRUMENTS 6 179099 FMV X EVENT TICKETS 2 5975 FMV X GIFT CARDS 3 194 FMV 0 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. FAMILY AND BUSINESS RELATIONSHIPS PART VI, LINE 2 ALL TRUSTEES OF BERKLEE COLLEGE OF MUSIC ALSO SERVE AS THE TRUSTEES OF BERKLEE VALENCIA. SEVERAL TRUSTEES HAVE ENGAGED IN A BUSINESS TRANSACTION WITH ANOTHER TRUSTEE. THESE TRANSACTIONS OCCUR IN THE ORDINARY COURSE OF BUSINESS. 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 & FISCAL CONTROLS 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 (210,692). 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