2015-05-11T13:24:15-05:00 2014-06-30 PricewaterhouseCoopers LLP 125 High Street Boston MA 02110 990 2013-07-01 050258956 Rhode Island School of Design % RHODE ISLAND SCHOOL OF DESIG RHOD 4014546766 TWO COLLEGE STREET Suite PROVIDENCE RI 02903 SAMUEL B SOLOMON CFO 4014546766 2015-05-07 true ERIN COUTURE P01390592 4014546766 2013 2016-02-25 16:41:14Z ROSANNE SOMERSON TWO COLLEGE ST PROVIDENCE RI 02903 538412989 false X WWW.RISD.EDU X 1877 RI SEE SCHEDULE O. 27 24 3398 40 596005 -109476 8423113 9550572 127071059 134428953 11307327 174297 -3978334 560548 142823165 144714370 17385645 19681781 0 0 73389752 78316440 0 0 3081640 50386016 52787935 141161413 150786156 1661752 -6071786 561270231 592035613 211404835 209941643 349865396 382093970 X SEE SCHEDULE O. false false 120046248 19681781 133351616 EDUCATION - PROVIDE EDUCATIONAL SERVICES TO APPROXIMATELY 2,449 FULLTIME STUDENTS, 2,158 SUMMER 2013 STUDENTS AND 2,798 EXTENSION SCHOOL STUDENTS. 8277914 1077337 MUSEUM - THE RISD MUSEUM EDUCATES AND INSPIRES STUDENTS AND THE PUBLIC THROUGH EXHIBITIONS, LECTURES, TOURS, WORKSHOPS AND PUBLICATIONS. 128324162 true true false true false false false true false true true true false false true false false true true true true false false false true false false false true true true false false false false false false false false false true true true false false true true true true false false true 2827 0 true 3398 true true true true IT false false false false false false false false X 27 24 false false false false false true false true true false false false true true true true false true true false CA X RHODE ISLAND SCHOOL OF DESIG 4014546766 2 COLLEGE ST PROVIDENCE RI 029032790 X JOHN MAEDA PRESIDENT (UNTIL 01/01/14) 50.0 1.0 X X 469808 0 79085 ROSANNE SOMERSON PROVST THEN INT. PRESIDENT (AS OF 1/1/14) 50.0 1.0 X X 281071 0 51171 MICHAEL SPALTER TRUSTEE/CHAIR OF BOARD 2.0 X X 0 0 0 LISA PEVAROFF-COHN TRUSTEE/VICE CHAIR OF BOARD 2.0 X X 0 0 0 DAVID C BARCLAY TRUSTEE/VICE CHAIR OF BOARD 2.0 X X 0 0 0 V DUNCAN JOHNSON TRUSTEE/SECRETARY OF BOARD 2.0 X X MICHAEL D ALLEN TRUSTEE 2.0 1.0 X LOUIS BEAL LIFE TRUSTEE 2.0 X JOHN BEUG TRUSTEE 2.0 X ERICA DI BONA TRUSTEE 2.0 X SUSAN DRYFOOS TRUSTEE 2.0 X JOSEPH GEBBIA TRUSTEE 2.0 X ROBERT W GLASS TRUSTEE 2.0 X RICHARD W HAINING SR TRUSTEE 2.0 X JON KAMEN TRUSTEE 2.0 X AMY KORENVAES TRUSTEE 2.0 X MARY LOVEJOY TRUSTEE 2.0 X STEPHEN A METCALF TRUSTEE 2.0 X NICOLE J MILLER TRUSTEE (AS OF 5/1/14) 2.0 X SUSAN B MONTGOMERY TRUSTEE 2.0 X STEVEN PERELMAN TRUSTEE 2.0 X MERRILL W SHERMAN TRUSTEE/CHAIR EMERITA 2.0 X SANDRA P SMITH TRUSTEE 2.0 X PETER D A STEIN TRUSTEE 2.0 X WILLIAM G TSIARAS MD TRUSTEE 2.0 X MARGARET A WILLIAMS TRUSTEE 2.0 X JEFFREY YAN TRUSTEE 2.0 X MEGHAN REILLY MICHAUD TRUSTEE 2.0 X WILLIAM DECATUR EVP FIN & ADMIN(UNTIL 9/30/13) 50.0 1.0 X 197509 0 32805 JEAN EDDY SR VP STDNTS THEN COO (AS OF 10/1/13) 50.0 X 305771 0 48925 SAMUEL B SOLOMON CFO (AS OF 03/24/14) 50.0 1.0 X 0 0 0 JOHN W SMITH MUSEUM DIRECTOR 50.0 X 240647 0 19337 CANDACE BAER VP HUMAN RESOURCES 50.0 X 186924 0 43229 REBECCA BERMONT VP MEDIA & PTRS.(UNTIL 1/1/14) 50.0 X 175309 0 18780 ERIC GRAAGE VP INSTITUTIONAL ENGAGEMENT 50.0 X 245416 0 48868 RICHARD RUMMEL AVP FINANCE & ADMINISTRATION 50.0 X 192181 0 45004 STEVEN J MCDONALD GENERAL COUNSEL 50.0 X 192345 0 29598 2486981 0 416802 92 false true false SHAWMUT DESIGN CONSTRUCTION 560 HARRISON AVENUE BOSTON MA 02118 CONSTRUCTION SVCS 4757375 SITE SPECIFIC LLC 45 DIKE STREET PROVIDENCE RI 02909 CONSTRUCTION SVCS 1486310 SUMMIT ROCK 9 WEST 57TH STREET 12TH FLOOR NEW YORK NY 10019 INVESTMENT MGMT 726155 ENERGY SOURCE LLC 86 SUTTON STREET UNIT 1R PROVIDENCE RI 02903 CONSTRUCTION SVCS 539906 LOMBARDI CONSTRUCTION COMPANY 13 OYSTER POINT WARREN RI 02885 CONSTRUCTION SVCS 511160 21 1503535 8047037 3401374 9550572 TUITION/ROOM/BOARD 900099 130467336 130467336 MUSEUM 900099 586948 586948 BOOK/SUPPLY STORE 451211 3374669 3374669 134428953 6722679 55133 6667546 0 0 0 0 0 387147795 391368587 2327590 -4220792 -2327590 -6548382 -6548382 22118 2442 19676 19676 0 0 RISD WORKS 453220 468311 468311 OUTSIDE CATERING 722320 51906 51906 ALL OTHER REVENUE 711120 20655 20655 540872 144714370 131054284 596005 3513509 0 19681781 19681781 0 0 1808446 628634 939935 239877 0 60089918 55271217 3483628 1335073 3809673 3423463 285298 100912 8430404 7578882 629030 222492 4177999 3754450 312881 110668 0 520974 520974 309679 309679 0 0 969363 969363 1805621 1469675 292789 43157 286481 283056 3425 12990303 11133496 1640740 216067 5505001 5007223 344249 153529 0 6584340 2011257 4573083 2130607 1979383 7388 143836 0 0 4039070 3629605 302477 106988 0 9144814 8217750 684834 242230 591310 591310 WORKS OF ART 498338 498338 OTHER RENTAL EXPENSES 788186 585533 151051 51602 MAINTENANCE SERVICES 5015827 1361518 3625280 29029 ENTERTAINMENT 1125943 1053377 36725 35841 482078 164214 270950 46914 150786156 128324162 19380354 3081640 12620886 22312935 31000383 21001647 3226747 2534401 2344894 2543524 0 0 0 0 4824854 4004160 1488432 1585962 2219612 1533710 355242318 160206646 187146637 195035672 144970685 152047419 153561799 169549738 0 0 0 0 17865302 19886445 561270231 592035613 9325517 11353129 0 0 5854927 7380957 170003531 166213656 0 0 0 0 0 0 0 0 26220860 24993901 211404835 209941643 X 255578383 274793449 59313399 69529090 34973614 37771431 349865396 382093970 561270231 592035613 X -6071786 37845264 455096 X false true X true true true X 8453516 6151095 8514731 8423113 9550572 41093027 0 0 8453516 6151095 8514731 8423113 9550572 41093027 623106 40469921 6417545 2720888 2103612 4731876 6722679 22696600 1580669 1129612 263231 2973512 18905 22118 41023 66804162 603097199 0.60580 0.00000 X SCHEDULE A, PART II, LINE 10 OTHER INCOME FOR 2012 AND 2013 - FUNDRAISING EVENTS RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true false SCHEDULE C, PART II-B, LINE 1I RISD PAYS MEMBERSHIP DUES TO A NUMBER OF ARTS-AND-EDUCATION-RELATED AND PROFESSIONAL ORGANIZATIONS, SOME OF WHICH MAY ENGAGE IN LOBBYING ACTIVITIES ON BEHALF OF ALL MEMBERS. TOTAL MEMBERSHIP DUES PAID BY RISD DURING THE FISCAL YEAR WAS $234,131. WE ARE UNABLE TO DETERMINE THE SPECIFIC AMOUNT OF THAT TOTAL DEVOTED TO LOBBYING, BUT WE BELIEVE IT TO BE A RELATIVELY SMALL AND IMMATERIAL PORTION. X X X X X EDUCATION OF ARTISTS & DESIGNERS false 298532484 3344013 38668235 3620096 14358116 969363 321597157 283497893 1829515 28464383 2469703 11572971 1216633 298532484 304478607 1827786 -4647750 2498635 14660280 1001835 283497893 274542669 4782494 36731182 2404861 8011101 1161776 304478607 260262437 6876341 21745574 3660193 10608161 73329 274542669 0.71300 0.11000 0.17700 false false 9675598 9675598 278826692 110267434 168559258 52264989 46294901 5970088 14475039 3644311 10830728 195035672 ALTERNATIVE INVESTMENTS 169549738 F 169549738 0 US GOVERNMENT LOAN FUNDS 4377205 INTEREST RATE SWAP 7331326 ASSET RETIREMENT OBLIGATION 4121745 CAPITAL LEASE OBLIG - LONG-TER 9163625 24993901 162938779 37845264 1030289 38875553 124063226 969363 19681781 20651144 144714370 130632603 495149 495149 130137454 969363 19679339 20648702 150786156 COLLECTIONS OF ART, HISTORICAL TREASURERS OR OTHER ASSETS SCHEDULE D, PART III, LINE 1A THE MAJORITY OF THE SCHOOL'S COLLECTIONS RESIDES IN THE MUSEUM AND CONSISTS OF ARTIFACTS OF HISTORICAL SIGNIFICANCE, ART OBJECTS AND BOOKS THAT ARE HELD FOR EDUCATIONAL, RESEARCH AND CURATORIAL PURPOSES. EACH OF THE ITEMS ARE CATALOGUED, PRESERVED AND CARED FOR AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED PERIODICALLY. THE COLLECTIONS ARE SUBJECT TO A POLICY THAT REQUIRES PROCEEDS FROM THEIR SALES TO BE USED TO ACQUIRE OTHER ITEMS FOR COLLECTIONS. THE SCHOOL EXPENDED $497,343 AND $649,768 FOR ACQUISITIONS DURING THE YEARS ENDED JUNE 30, 2014 AND 2013, RESPECTIVELY. SCHEDULE D, PART III, LINE 4 THE MUSEUM OF ART, ALSO KNOWN AS THE RISD MUSEUM, IS RHODE ISLAND'S LEADING MUSEUM OF FINE AND DECORATIVE ART, HOUSING A COLLECTION OF 91,766 OBJECTS OF INTERNATIONAL SIGNIFICANCE IN SEVEN CURATORIAL COLLECTIONS. IT IS SOUTHEASTERN NEW ENGLAND'S ONLY COMPREHENSIVE ART MUSEUM AND IS ACCREDITED BY THE AMERICAN ASSOCIATION OF MUSEUMS. THE RISD MUSEUM STRIVES TO BE A VITAL CULTURAL RESOURCE BY EDUCATING AND INSPIRING A WIDE VARIETY OF AUDIENCES: FAMILIES AND INDIVIDUALS, SCHOLARS AND RESEARCHERS, ARTISTS AND DESIGNERS, AND STUDENTS OF ALL AGES. THE MUSEUM MAINTAINS AN ACTIVE PROGRAM OF EXHIBITIONS, LECTURES, TOURS, WORKSHOPS AND PUBLICATIONS DEDICATED TO THE INTERPRETATION OF ART AND DESIGN FROM DIVERSE CULTURES RANGING FROM ANCIENT TIMES TO THE PRESENT. ENDOWMENT FUNDS SCHEDULE D, PART V, LINE 4 THE INTENT OF THE ENDOWMENT FUND IS TO GENERATE INVESTMENT EARNINGS AS A SOURCE OF REVENUE FOR FUNDING THE SCHOOL'S GENERAL OPERATING ACTIVITIES AND FOR FUNDING SPECIFIC PURPOSES, EITHER RESTRICTED BY DONORS OR INTERNALLY DESIGNATED BY THE BOARD OF TRUSTEES. EXAMPLES OF SPECIFIC PURPOSES INCLUDE SCHOLARSHIP FOR STUDENTS, FACILITIES UPKEEP, RESEARCH, AND SUPPORT FOR THE MUSEUM AND OTHER ACADEMIC OPERATIONS. OTHER LIABILITIES SCHEDULE D, PART X, LINE 2 THE RHODE ISLAND SCHOOL OF DESIGN DOES NOT HAVE A FIN 48 (ASC 740) STATEMENT. SCHEDULE D, PART XI, LINE 2D UNREALIZED APPRECIATION ON SWAP VALUATION $455,096 RISD HOLDINGS REVENUE NET OF ELIMINATING ENTRIES $572,751 MUSEUM FUNDRAISER EXPENSES $2,442 -------------- TOTAL SCHEDULE D, PART XI, LINE 2D 1,030,289 SCHEDULE D, PART XI, LINE 4B SCHOLARSHIPS $19,681,781 SCHEDULE D, PART XII, LINE 2D RISD HOLDINGS EXPENSE NET OF ELIMINATING ENTRIES $495,149 SCHEDULE D, PART XII, LINE 4B SCHOLARSHIPS $19,681,781 MUSEUM FUNDRAISER EXPENSES ($2,442) ------------- TOTAL SCHEDULE D, PART XII, LINE 4B $19,679,339 true true true true true true true false false false false false false false false true false true SCHEDULE E, LINE 3 THE SCHOOL'S RACIALLY NONDISCRIMINATORY POLICY CAN BE FOUND IN THE RHODE ISLAND SCHOOL OF DESIGN CATALOG AND STUDENT HANDBOOK. THE POLICY CAN ALSO BE FOUND AT HTTP://WWW.RISD.EDU/ABOUT/DIVERSITY. SCHEDULE E, LINE 6 FINANCIAL AID IS RECEIVED FROM THE US DEPARTMENT OF EDUCATION IN THE FORM OF FEDERAL COLLEGE WORK STUDY, FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS, FEDERAL PELL GRANTS, FEDERAL PERKINS LOANS, FEDERAL DIRECT LOANS AND FEDERAL PLUS LOANS WHICH ARE ADMINISTERED THROUGH THE DIRECT LOAN PROGRAM. IN ADDITION, THE COLLEGE RECEIVES FINANCIAL AID FROM VARIOUS STATE SCHOLARSHIP PROGRAMS AND OTHER FEDERAL AGENCIES, E.G. VETERANS ADMINISTRATION AND BUREAU OF INDIAN AFFAIRS. Europe (Including Iceland and Greenland) 1 23 Program Services INDEPENDENT STUDY 1472703 South Asia 2 Program Services INDEPENDENT STUDY 57429 East Asia and the Pacific 10 Program Services INDEPENDENT STUDY 401599 Central America and the Caribbean 2 Program Services INDEPENDENT STUDY 36414 North America 1 Program Services INDEPENDENT STUDY 13344 South America 2 Program Services INDEPENDENT STUDY 22847 Middle East and North Africa 11 Program Services INDEPENDENT STUDY 575995 Central America and the Caribbean Investments 176679264 1 51 1 51 179259595 179259595 true false true true true true SCHEDULE F, LINE 3, COLUMN F RHODE ISLAND SCHOOL OF DESIGN TRACKS EXPENSES FOR EACH INTERNATIONAL PROGRAM USING SEPARATE ACCOUNT NUMBERS. 0 SCHEDULE G, PART II RISD HAD VARIOUS FUNDRAISING EVENTS, ALL OF WHICH WERE UNDER THE $5,000 REPORTING THRESHOLD. true SCHOLARSHIPS/GRANTS 1409 19681781 BOOK TUITION/FEES MONITORING USE OF GRANTS FINANCIAL AID IS CREDITED TO THE STUDENTS' ACCOUNTS TO COVER ANY OUTSTANDING INSTITUTIONAL CHARGES. ANY CREDIT BALANCE IS REFUNDED TO THE STUDENT TO BE USED FOR OTHER EDUCATIONAL-RELATED EXPENSES. STUDENTS RECEIVING FEDERAL AND/OR STATE AID MUST COMPLETE THE FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA). BY SIGNING THE FAFSA, THE STUDENT AGREES THAT THEY "WILL USE FEDERAL AND/OR STATE STUDENT FINANCIAL AID ONLY TO PAY THE COST OF ATTENDING AN INSTITUTION OF HIGHER EDUCATION." X X X X X false true X X X X X true false false false false false false true false JOHN MAEDA PRESIDENT (UNTIL 01/01/14) 437786 0 0 0 32022 0 27465 0 51620 0 548893 0 0 0 ROSANNE SOMERSON PROVST THEN INT. PRESIDENT (AS OF 1/1/14) 249542 0 10000 21529 27465 0 23706 0 332242 0 0 0 WILLIAM DECATUR EVP FIN & ADMIN(UNTIL 9/30/13) 161244 0 0 0 36265 0 16254 0 16551 0 230314 0 0 0 JOHN W SMITH MUSEUM DIRECTOR 234583 0 0 0 6064 0 10471 0 8866 0 259984 0 0 0 CANDACE BAER VP HUMAN RESOURCES 185721 0 1000 0 203 0 20272 0 22957 0 230153 0 0 0 REBECCA BERMONT VP MEDIA & PTRS.(UNTIL 1/1/14) 174615 0 500 0 194 0 17246 0 1534 0 194089 0 0 0 JEAN EDDY SR VP STDNTS THEN COO (AS OF 10/1/13) 297272 0 0 8499 0 37465 0 11460 0 354696 0 0 0 ERIC GRAAGE VP INSTITUTIONAL ENGAGEMENT 244416 0 1000 0 0 0 27465 0 21403 0 294284 0 0 0 RICHARD RUMMEL AVP FINANCE & ADMINISTRATION 190836 0 1000 0 345 0 20947 0 24057 0 237185 0 0 0 STEVEN J MCDONALD GENERAL COUNSEL 191392 0 750 0 203 0 19905 0 9693 0 221943 0 0 0 COMPENSATION INFORMATION SCHEDULE J, PART I, LINES 1A AND 1B FIRST-CLASS TRAVEL - EMPLOYEES ARE REIMBURSED FOR "REASONABLE TRAVEL EXPENSES THAT FACILITATE THE PERFORMANCE OF OFFICIAL COLLEGE BUSINESS," AND FIRST-CLASS TRAVEL IS ORDINARILY NOT PERMITTED. on one occasion during 2013, however, one of the five highest compensated employees was permitted to travel first class by train on one leg of a trip for which no other seats were available. THIS WAS NOT INCLUDED IN TAXABLE INCOME AS IT WAS SOLELY FOR BUSINESS PURPOSES. the difference in price over coach for that LEG WAS LESS THAN $100. TAX INDEMNIFICATIONS AND GROSS-UP PAYMENTS - PRESIDENT MAEDA WAS PROVIDED DEPENDENT TUITION PAYMENTS THAT HAVE BEEN REPORTED AS TAXABLE COMPENSATION IN SCHEDULE J, PART II, COLUMN (B)(III). THESE AMOUNTS WERE GROSSED UP FOR TAX PURPOSES. SUCH PAYMENTS ARE INCLUDED IN THE AGREEMENT BETWEEN THE INDIVIDUAL AND RISD AND ARE APPROVED IN ADVANCE BY THE BOARD. HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE - THE SCHOOL MAINTAINED A HOUSE FOR USE BY PRESIDENT MAEDA AS A CONDITION OF EMPLOYMENT AND FOR THE CONVENIENCE OF RISD. THEREFORE, NO AMOUNT IS INCLUDED IN TAXABLE COMPENSATION. HEALTH OR SOCIAL CLUB DUES - THE SCHOOL PAYS SOCIAL CLUB DUES FOR THE MUSEUM DIRECTOR. THESE AMOUNTS WERE INCLUDED IN TAXABLE COMPENSATION. PERSONAL SERVICES - HOUSEKEEPING SERVICES WERE PROVIDED TO PRESIDENT MAEDA. THESE SERVICES ARE DEDUCTED FROM THE PRESIDENT'S COMPENSATION AFTER TAX. SCHEDULE J, PART I, LINE 4A WILLIAM DECATUR RECEIVED SEVERANCE PAYMENTS OF $36,163 DURING 2013, WHICH REPRESENTED SIX WEEKS OF SEVERANCE. SCHEDULE J, PART I, LINE 7 ON OCCASION, CERTAIN INDIVIDUALS RECEIVE A BONUS OR OTHER FORM OF NON-FIXED PAYMENT IN RECOGNITION OF EXCELLENT JOB PERFORMANCE, AS A SIGN-ON BONUS OR OTHER ONE-TIME PAYMENT. THE AMOUNT OF SUCH BONUSES ARE SHOWN ON SCHEDULE J, PART II, COLUMN (B)(II) FOR EACH INDIVIDUAL. A RHODE ISLAND HEALTH AND EDUC BUILDING CORP 2008AB 521300173 762197CG4 2008-03-27 93780000 SEE PART VI false false false B RHODE ISLAND HEALTH AND EDUC BUILDING CORP 2012 521300173 762197KB6 2012-03-28 28791988 2001 BOND REFUNDING false false false C RHODE ISLAND HEALTH AND EDUC BUILDING CORP 2012B 521300173 762197KZ3 2012-08-29 57055694 2004D BOND REFUNDING false false false A 10155000 0 93780000 0 0 0 692102 87898 0 1935724 91064276 0 2008 true false true true B 1335000 0 28791988 0 0 0 329659 0 0 0 28462329 0 2012 true false true true C 1465000 0 57055694 0 0 0 446745 0 0 0 56608949 0 2012 false true true true A false true false false 0.00200 0.00200 false false false true B 0 C 0 A false false true false true true BARCLAYS 26.5 false false 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 PURPOSE OF BOND SCHEDULE K, PART I, COLUMN F A. 2008AB BOND - FACILITY AQUIS/CONST/EQUIP/RENOV; REFUNDING OF 2004A, 2004B, 2006A, AND 2006B BONDS. SCHEDULE K, PART IV, LINE 2B, COLUMN A BOND PROCEEDS WERE SPENT IN ACCORDANCE WITH THE APPROVED SPENDING REQUIREMENTS, THUS NO REBATE PORTION. ROBERT HALF INTERNATIONAL INC TRUSTEE IS AN OFFICER 215340 TEMPORARY EMPLOYMENT SERVICES false BLUE CROSSBLUE SHIELD RHODE ISLAND TRUSTEE IS A DIRECTOR 9316811 HEALTH INSURANCE false SCHEDULE L, PART IV (1) FROM TIME TO TIME, RHODE ISLAND SCHOOL OF DESIGN (RISD) CONTRACTS WITH ROBERT HALF INTERNATIONAL, INC. (RHI) FOR CERTAIN TEMPORARY EMPLOYMENT SERVICES. A TRUSTEE OF RISD IS AN OFFICER OF RHI. RISD'S RELATIONSHIP WITH RHI PRECEDED THAT TRUSTEE'S SERVICE ON RISD'S BOARD, ALL SUCH TRANSACTIONS ARE CONDUCTED AT ARMS-LENGTH, AND THE TRUSTEE IS NOT INVOLVED IN THE DECISION MAKING PROCESS. (2) RHODE ISLAND SCHOOL OF DESIGN (RISD) CONTRACTS WITH BLUE CROSS/BLUE SHIELD RHODE ISLAND (BC/BS RI) FOR EMPLOYEE HEALTH INSURANCE. A TRUSTEE OF RISD IS A BOARD MEMBER OF BC/BS RI. ALL SUCH TRANSACTIONS ARE CONDUCTED AT ARMS-LENGTH, AND THE TRUSTEE IS NOT INVOLVED IN THE DECISION MAKING PROCESS. X 390 X 35 3401374 FMV X Educational Supplies 7 0 0 X Furniture 1 0 0 11 false true false SCHEDULE M, PART I, COLUMN B THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS. SCHEDULE M, PART I, LINE 33 RHODE ISLAND SCHOOL OF DESIGN DOES NOT CAPITALIZE OR ASSIGN A VALUE TO ITS MUSEUM COLLECTIONS, BOOKS AND PUBLICATIONS, OR TO ANY INSIGNIFICANT ITEMS RECEIVED. THESE ITEMS ARE NOT RECOGNIZED AS ASSETS NOR AS REVENUE ON THE SCHOOL'S FINANCIAL STATEMENTS. ALSO SEE DESCRIPTION FOR SCHEDULE D, PART III, LINE 4. ORGANIZATION'S MISSION FORM 990, PARTS I & III, LINE 1 THE MISSION OF RHODE ISLAND SCHOOL OF DESIGN, THROUGH ITS COLLEGE AND MUSEUM, IS TO EDUCATE ITS STUDENTS AND THE PUBLIC IN THE CREATION AND APPRECIATION OF WORKS OF ART AND DESIGN, TO DISCOVER AND TRANSMIT KNOWLEDGE AND TO MAKE LASTING CONTRIBUTIONS TO A GLOBAL SOCIETY THROUGH CRITICAL THINKING, SCHOLARSHIP AND INNOVATION. GOVERNING BODY AND MANAGEMENT FORM 990, PART VI, LINE 7A RISD ALUMNI COUNCIL'S PRESIDENT AND IMMEDIATE PAST PRESIDENT SERVE FOR 2 YEARS AFTER TERM AS EX-OFFICIO TRUSTEES. WRITTEN POLICIES AND PROCEDURES 990 REVIEW PROCESS Form 990, Part VI, Line 11a The process for the FY 2014 Form 990 includes review by senior management, the audit committee, and the independent external tax consultants. The audit committee is presented with a complete draft of the return for its review. The full board receives a final copy of Form 990 excluding the names of anonymous donors before it is filed. CONFLICT OF INTEREST FORM 990, PART VI, LINE 12C ON AN ANNUAL BASIS, THE SCHOOL'S TRUSTEES' OFFICE DISTRIBUTES A SURVEY TO ALL OF THE TRUSTEES AND SENIOR ADMINISTRATORS REQUESTING INFORMATION ON MATTERS RELATING TO THE SCHOOL'S CONFLICT OF INTEREST POLICY. THERE ARE FOLLOW UP PROCEDURES TO ENSURE THAT SURVEYS ARE COMPLETED AND RETURNED FOR REVIEW. THE GENERAL COUNSEL'S OFFICE PROVIDES ASSISTANCE TO TRUSTEES AND SENIOR ADMINISTRATORS BY RESPONDING TO ANY QUESTIONS THEY MAY HAVE. IN ACCORDANCE WITH THE CONFLICT OF INTEREST POLICY, RESULTS OF THE COMPLETED SURVEYS ARE PRESENTED TO THE CHAIRS OF THE AUDIT COMMITTEE AND THE COMMITTEE ON TRUSTEES AND GOVERNANCE, AND THEN TO BOTH OF THOSE COMMITTEES FOR FINAL REVIEW. IN ADDITION TO THE ANNUAL SURVEY, THE TRUSTEES AND SENIOR ADMINISTRATORS ARE REQUIRED TO DISCLOSE ANY ADDITIONAL CONFLICTS THAT MAY ARISE DURING THE COURSE OF THE YEAR. BEGINNING IN 2015, PERIODIC REMINDERS ARE SENT OUT. FURTHER, WHENEVER ANY MATTER INVOLVING A CONFLICT OF INTEREST ON THE PART OF ANY TRUSTEE IS DISCUSSED OR PROPOSED FOR ACTION AT BOARD OR COMMITTEE MEETINGS, SUCH CONFLICT SHALL BE DISCLOSED TO OTHER TRUSTEES PRESENT, AND THE TRUSTEE HAVING SUCH CONFLICT SHALL NOT VOTE OR USE HIS OR HER PERSONAL INFLUENCE ON THE MATTER. DOCUMENT RETENTION AND DESTRUCTION FORM 990, PART VI, LINE 14 THE SCHOOL HAS A WRITTEN DOCUMENT RETENTION AND DESTRUCTION POLICY IN PLACE. HOWEVER, THE BOARD HAS NOT YET APPROVED THE DOCUMENT RETENTION AND DESTRUCTION POLICY. APPROVAL IS EXPECTED AT A FUTURE DATE. COMPENSATION PROCESS FORM 990, PART VI, LINE 15 THE SCHOOL'S PROCESS FOR DETERMINING COMPENSATION FOR ITS OFFICERS (INCLUDING THE PRESIDENT) AND KEY EMPLOYEES INCLUDES: 1. PREPARING A DESCRIPTION OF THE POSITION AND REQUIREMENTS VIA A FORMAL JOB DESCRIPTION, JOB SUMMARY, OR ADVERTISEMENT. 2. DEVELOPING AN UNDERSTANDING OF THE EXTERNAL MARKET FOR SIMILAR POSITIONS AND REQUIREMENTS VIA VARIOUS SOURCES SUCH AS: COMPENSATION SURVEYS (E.G., YAFFEE, SNE CUPA, THE SURVEY GROUP); OTHER ORGANIZATIONS' FORM 990 DATA; DIALOG WITH SEARCH FIRMS; AND KNOWLEDGE OF APPLICANT POOL AND CURRENT EARNINGS. 3. CONSIDERING THE EXTERNAL MARKET DATA LISTED ABOVE IN LIGHT OF INTERNAL OPERATING BUDGET AND INTERNAL EQUITY FACTORS. 4. UNDERSTANDING THE CANDIDATE'S PREVIOUS SALARY HISTORY, CURRENT EARNINGS POTENTIAL AND SKILL SET AS RELATED TO THE POSITION'S REQUIREMENTS AND THE COLLEGE'S NEEDS. 5. ENGAGING AN INDEPENDENT COMPENSATION CONSULTANT TO DETERMINE AND VERIFY REASONABLENESS OF THE COMPENSATION LEVELS FOR THE INDIVIDUAL. 6. PRESENTING A RECOMMENDED HIRING RANGE (OFFER) TO RISD'S OFFICERS AND BOARD OF TRUSTEES, AS APPROPRIATE, FOR APPROVAL. 7. GENERATING AN OFFER LETTER OR CONTRACT. RISD has a compensation committee of the board of trustees. The committee assists the board in establishing AND REVIEWING THE COMPENSATION OF RISD'S SENIOR ADMINISTRATIVE STAFF ON AN ONGOING BASIS. THE SUBCOMMITTEE CONSISTS OF THE CHAIR OF THE BOARD, THE VICE CHAIR(S) OF THE BOARD AND THE CHAIR OF THE FINANCE COMMITTEE OF THE BOARD, AND WILL BE ASSISTED BY THE SECRETARY OF THE BOARD, THE PRESIDENT, THE VICE PRESIDENT FOR HUMAN RESOURCES, AND/OR THE GENERAL COUNSEL WHEN APPROPRIATE. THE SUBCOMMITTEE REVIEWS EACH INITIAL OFFER, EACH ANNUAL ADJUSTMENT, AND ANY OTHER ADJUSTMENTS. IN SO DOING, THE SUBCOMMITTEE REVIEWS CURRENT COMPARABLE DATA WITH THE ASSISTANCE OF AN INDEPENDENT COMPENSATION CONSULTANT AND DOCUMENTS ITS DECISIONS IN ITS MINUTES. ORGANIZATION DOCUMENTS AVAILABILITY TO PUBLIC FORM 990, PART VI, LINE 19 RISD MAKES AVAILABLE TO THE PUBLIC ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND CONSOLIDATED FINANCIAL STATEMENTS BY POSTING THESE DOCUMENTS ON WWW.RISD.EDU AND ALSO BY REQUEST. RECONCILIATION OF NET ASSETS FORM 990, PART XI, LINE 9 UNREALIZED APPRECIATION ON SWAP VALUATION: $455,096 TECHNOLOGY AND DESIGN BUILDINGS LLC 2 COLLEGE STREET PROVIDENCE RI 02903 050258956 REAL ESTATE RI 20712 0 RISD RISD HOLDINGS INC 2 COLLEGE STREET PROVIDENCE RI 02903 050508151 REAL ESTATE RI 501(C)(25) RISD true CHARITABLE REMAINDER TRUSTS (9) FUNDRAISING MA NA TRUST false true false false true false false false false false false true true false false true false true false false RISD HOLDINGS INC A 260004 CASH RISD HOLDINGS INC D 5200000 CASH RISD HOLDINGS INC K 107449 CASH RISD HOLDINGS INC O 95767 CASH RISD HOLDINGS INC Q 341533 CASH SCHEDULE R, PART IV, LINE 1 CHARITABLE REMAINDER TRUSTS ARE DOMICILED IN MASSACHUSETTS, MARYLAND, CALIFORNIA, RHODE ISLAND, AND CONNECTICUT.