2014-05-13T15:13:14-05:00 2013-06-30 KPMG LLP One Financial Plaza Hartford CT 061032608 990 2012-07-01 041286950 Emerson College % NANCY TREVETHICK EMER 6178248500 120 Boylston Street Suite Boston MA 021164624 MAUREEN MURPHY 6178248500 2014-05-13 true 8605223200 2012 2015-11-30 17:44:51Z MAUREEN MURPHY 120 Boylston Street BOSTON MA 021164624 193527790 false X WWW.EMERSON.EDU X 1880 MA EMERSON COLLEGE IS A FOUR-YEAR COLLEGE OFFERING DEGREES PRIMARILY IN THE FIELDS OF PERFORMING ARTS AND COMMUNICATIONS. 26 23 3138 916 2847626 -1481562 4789333 6805007 164627902 173909142 2230533 2438878 5654833 5381265 177302601 188534292 30913929 32540431 0 0 65970462 73118357 0 0 2198879 70857098 70876821 167741489 176535609 9561112 11998683 647040422 666755716 291340223 288846248 355700199 377909468 EMERSON COLLEGE IS A FOUR-YEAR COLLEGE OFFERING DEGREES PRIMARILY IN THE FIELDS OF PERFORMING ARTS AND COMMUNICATIONS. false false 108020902 32540431 142684630 EMERSON COLLEGE PROVIDES UNDERGRADUATE AND GRADUATE PROGRAMS CHALLENGING THE 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. 39196325 0 32769091 AUXILIARY ENTERPRISES PROVIDE SERVICES FOR THE STUDENTS AND TO ENSURE IT IS APPROPRIATELY SUPPORTED. THE SERVICES INCLUDE ROOM, BOARD AND THE BOOKSTORE. 147217227 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 false false false false true false false false false true true false false false true 275 0 true 3138 true true true true NL false false false true true false false false false X 26 23 false false false false false false false true true false false true true true true true true true true false CA MA X NANCY TREVETHICK 6178248426 120 BOYLSTON STREET BOSTON MA 021164624 E ALEXANDER 2.0 X 0 0 0 K BRIGHT 16.0 X 67183 0 6000 B BROWN 2.0 X 0 0 0 V DI BONA 2.0 X 0 0 0 R FRIEND 2.0 X 0 0 0 L GERSH 2.0 X 0 0 0 T GOLDMAN 2.0 X 0 0 0 J GREENHAWT 2.0 X 0 0 0 G GROSSMAN 2.0 X 0 0 33568 D HERZOG 2.0 X 0 0 0 D HOLLOWAY 2.0 X 0 0 0 J HURET 2.0 X 0 0 0 A JAFFE 2.0 X 0 0 0 R JANSSEN 2.0 X 0 0 0 M MUTCHNICK 2.0 X 0 0 0 L RASKY 2.0 X 0 0 0 S SAMUELS 2.0 X 0 0 0 L SCHWARTZ 2.0 X 0 0 0 M ZACHARIS 2.0 X 0 0 0 R WALKER II 2.0 X 0 0 0 L PELTON 40.0 X X 702742 0 114433 B CARTY 2.0 X L HINDERY JR 2.0 X M MACWADE 2.0 X R SHARMA 2.0 X A LEARY 2.0 X L MOORE 40.0 X 244653 0 31363 W GILLIGAN 40.0 X 230769 0 46703 C HUGHES 40.0 X 194007 0 28621 MJ KNOLL FINN 40.0 X 208438 0 37886 A TIEDEMANN 40.0 X 187045 0 71317 M MURPHY 40.0 X 310302 0 10849 J SCHOENHERR 40.0 X 140904 0 23911 D HEILAND 40.0 X 94273 8397 S SPEARS 40.0 X 78834 6233 J DONOHOE 40.0 X 167117 0 41045 J ANDERSEN 40.0 X 166817 0 8044 R ORCHARD 40.0 X 239015 0 24214 M DEANGELES 40.0 X 193700 0 37796 M INGS 40.0 X 173552 0 16222 J LIEBERGOTT X 261016 52357 3660367 0 598959 81 true true false HATHAWAY DINWIDDIE CONSTRUCTION CO 275 BATTERY STREET SUITE 300 SAN FRANCISCO CA 94111 GENERAL CONTRACTOR 2508381 SECURITIAS SECURITY SERVICES USA 1 HARBORSIDE DRIVE EAST BOSTON MA 02128 SECURITY SERVICES 1956151 MORPHOSIS 2041 COLORADO AVENUE SANTA MONICA CA 90404 ARCHITECTURE 1289932 CHAPMAN WATERPROOFING COMPANY 395 COLUMBIA ROAD BOSTON MA 02125 INSPECTIONS 764660 AMERICAN CLEANING COMPANY LLC 7712 VINEYARD DRIVE DISTRICT HEIGHTS MD 20747 CLEANING SERVICES 748438 25 55985 3103077 3645945 172770 6805007 TUITION & FEES 611710 142684630 142684630 ROOM & BOARD 611710 29487309 29487309 THEATER REVENUE 531390 1737203 1737203 173909142 2114968 2114968 18685 18685 2473574 2473574 1908931 1564918 344013 0 344013 344013 3584000 3278775 305225 305225 305225 58481 55985 149805 -91324 -91324 0 0 BOOKSTORE COMMISSION 611710 146625 146625 SUMMER CONFERENCE 531390 1110423 1110423 MISCELLANEOUS 611710 1397954 1397954 2655002 188534292 173716518 2847626 5165141 0 30423455 30423455 2116976 2116976 0 3101397 2086712 549557 465128 0 55967630 45109910 9973170 884550 3299984 2659379 588417 52188 6845175 5517276 1219719 108180 3904171 3146628 695828 61715 0 385144 0 385144 0 299426 0 299426 0 0 0 322000 0 322000 0 3354597 2670194 650792 33611 812279 654697 157582 0 3503438 2685519 679667 138252 2152403 1682251 417566 52586 0 6786096 5413069 1316503 56524 3363459 2603498 652511 107450 0 0 11730392 9270857 2401714 57821 0 17694903 13934399 3672235 88269 2196106 1547625 648481 0 OTHER FOOD SERVICE 5445692 5445692 0 0 OTHER OUTSIDE SERVICES 6695380 5307585 1298903 88892 MISCELLANOUS 2305707 1854687 447307 3713 RENOVATIONS/CONTRACTS MAINT. 3829799 3086818 742981 0 176535609 147217227 27119503 2198879 0 0 32870960 46959388 2507709 3445549 2108118 2360881 0 0 0 0 2485587 2408075 0 0 1284518 619151 628689422 161891410 434150495 466798012 138420414 107261826 30662076 34419663 0 0 0 0 2550545 2483171 647040422 666755716 20074527 25403414 0 0 10778042 9467617 256533605 250021316 0 0 0 0 0 0 0 0 3954049 3953901 291340223 288846248 X 329756664 349181091 6233543 7426185 19709992 21302192 355700199 377909468 647040422 666755716 X 11998683 10287199 -76613 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 117064905 1397951 12298021 2814953 127945924 118988122 1522529 -853654 2592092 117064905 105776357 1854285 13527183 2169703 118988122 48847969 54196824 4501104 1769540 105776357 60883032 3568050 -13415095 1715628 49320359 0.82000 0.18000 false false 64709055 64709055 435686178 113083588 322602590 2209811 782630 1427181 57449163 48025192 9423971 68635215 0 68635215 466798012 STRATEGIC REAL ASSETS 11115000 F HEDGE FUNDS 23304663 F 34419663 0 REFUNDABLE ADVANCES GOVT GRANT 1204791 CAPITAL LEASE OBLIGATION 2749110 3953901 X 200138086 10287199 1714723 12001922 188136164 322000 76128 398128 188534292 177928332 1714723 1714723 176213609 322000 322000 176535609 OTHER REVENUE INCLUDED ON RETURN NOT IN FINANCIAL STATEMENTS Schedule D: Part XI Line 2d RENTAL EXPENSES $1,564,918 FUNDRAISING EXPENSES $149,805 TOTAL $1,714,723 LINE 4B CHANGE IN PV CRT $22,090 NON-CASH DONATIONS $54,038 TOTAL $76,128 OTHER EXPENSES INCLUDED IN FINANCIAL STATEMENTS NOT ON RETURN Schedule D Part XII Line 2d RENTAL EXPENSES $1,564,918 FUNDRAISING EXPENSES $149,805 TOTAL $1,714,723 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 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 HAS 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. AS OF JUNE 30, 2013, OPEN FEDERAL AND MASSACHUSETTS TAX YEARS FOR THE COLLEGE INCLUDE THE TAX YEARS ENDED JUNE 30, 2010 THROUGH JUNE 30, 2013. THE COLLEGE HAS NO EXAMINIATION IN PROGRESS. THE COLLEGE BELIEVES IT HAS NO SIGNIFICANT UNCERTAIN TAX POSITIONS. true true true true true true true false false false false false false false false true false true NONDISCRIMINATORY POLICY LINE 3 THE COLLEGE'S NONDISCRIMINATORY POLICY IS PRINTED IN THE COLLEGE'S ADMISSION CATALOG AND THE COLLEGE'S WEBSITE. FINANCIAL AID OR ASSISTANCE 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 26 Program Services SEMESTER ABROAD CLASS 2219241 Central America and the Caribbean Investments 23304940 1 26 1 26 25524181 25524181 EMERSON COLLEGE FUNDED SCHOLARSHIPS Europe (Including Iceland and Greenland) 1235620 FEDERAL SCHOLARSHIPS Europe (Including Iceland and Greenland) 869896 STATE SCHOLARSHIPS Europe (Including Iceland and Greenland) 11460 true false false false false true MONITOR THE USE OF GRANT FUNDS OUTSIDE THE U.S. PART I, LINE 2 EMERSON COLLEGE AWARDS INSTITUTIONAL FINANCIAL ASSISTANCE PRIMARILY ON THE BASIS OF DEMONSTRATED FINANCIAL NEED. FEDERAL TYPES OF ASSISTANCE ARE ALSO AWARDED ON DEMONSTRATED FINANCIAL NEED. LIMITATIONS ON FUNDING LEVELS REQUIRE THE COLLEGE TO ADHERE STRICTLY TO APPLICATION DEADLINES. AWARDS INCLUDE SCHOLARSHIPS, ASSISTANTSHIPS AND SIMILAR PAYMENTS AND DISTRIBUTIONS. FEDERAL AND INSTITUTIONAL FORMULAS ARE UTILIZED IN CALCULATING A FAMILY CONTRIBUTION BASE ON INFORMATION PROVIDED ON THE PROFILES AND/OR FAFSA APPLICATIONS ALONG WITH SUPPORTING DOCUMENTATION (E.G. FEDERAL TAX RETURNS). THE EXPECTED FAMILY CONTRIBUTION IS BASED ON A REVIEW OF THE FAMILY'S RESOURCES FROM EXPECTED TAXED AND UNTAXED INCOME ALONG WITH ASSETS SUCH AS SAVINGS AND HOME EQUITY. THE FAMILY CONTRIBUTION IS DEDUCTED FROM THE STUDENT'S COST OF ATTENDANCE RESULTING IN THE FAMILY'S NEED. THE AMOUNT OF NEED A FAMILY DEMONSTRATES DETERMINES THE AMOUNT OF ASSISTANCE THEY MAY BE ELIGIBLE TO RECEIVE. STUDENTS WHO APPLY FOR FINANCIAL ASSISTANCE MUST BE MATRICULATED, DEGREE-SEEKING CANDIDATES ENROLLED AT LEAST PART-TIME (4 CREDITS). FEDERAL REGULATIONS SPECIFY THAT FEDERAL FINANCIAL AID RECIPIENTS MUST BE U.S. CITIZENS, U.S. NATIONALS, OR ELIGIBLE NON-CITIZENS (U.S. PERMANENT RESIDENTS WHO POSSESS AN ALIEN REGISTRATION CARD). ALL AID RECIPIENTS MUST MAINTAIN SATISFACTORY ACADEMIC PROGRESS AS OUTLINED IN THE EMERSON COLLEGE STUDENT HANDBOOK. STUDENTS RECEIVING FEDERAL STUDENT AID MUST HAVE A MINIMUM OF A "C" (2.0) AVERAGE BY THE END OF THEIR 2ND ACADEMIC YEAR OF STUDY. FINANCIAL AID RECIPIENTS MAY NOT BE IN DEFAULT ON ANY EDUCATIONS LOANS, OWE A REFUND ON ANY GRANT, OR DEMONSTRATE ANY UNWILLINGNESS TO REPAY ANY EDUCATIONAL LOAN. ACADEMIC SCHOLARSHIPS FUNDED BY THE COLLEGE DO NOT REQUIRE REPAYMENT. WORK STUDY IS AVAILABLE TO FULL TIME AND HALF TIME STUDENTS. GOLF TOURNAMENT 79990 49822 30168 750 54808 34695 5550 33317 ALUMNI WEEKEND 34476 6163 28313 6300 2816 8800 2769 0 114466 55985 58481 750 61108 37511 14350 36086 149805 -91324 true EMERSON COLLEGE FUNDED SCHOLARSHIPS 4060 27215264 FEDERAL SCHOLARSHIPS 1225 2812091 STATE SCHOLARSHIPS 610 396100 MONITOR THE USE OF GRANT FUNDS IN THE U.S. PART I, LINE 2 EMERSON COLLEGE AWARDS INSTITUTIONAL FINANCIAL ASSISTANCE PRIMARILY ON THE BASIS OF DEMONSTRATED FINANCIAL NEED. FEDERAL TYPES OF ASSISTANCE ARE ALSO AWARDED ON DEMONSTRATED FINANCIAL NEED. LIMITATIONS ON FUNDING LEVELS REQUIRE THE COLLEGE TO ADHERE STRICTLY TO APPLICATION DEADLINES. AWARDS INCLUDE SCHOLARSHIPS, ASSISTANTSHIPS AND SIMILAR PAYMENTS AND DISTRIBUTIONS. FEDERAL AND INSTITUTIONAL FORMULAS ARE UTILIZED IN CALCULATING A FAMILY CONTRIBUTION BASE ON INFORMATION PROVIDED ON THE PROFILES AND/OR FAFSA APPLICATIONS ALONG WITH SUPPORTING DOCUMENTATION (E.G. FEDERAL TAX RETURNS). THE EXPECTED FAMILY CONTRIBUTION IS BASED ON A REVIEW OF THE FAMILY'S RESOURCES FROM EXPECTED TAXED AND UNTAXED INCOME ALONG WITH ASSETS SUCH AS SAVINGS AND HOME EQUITY. THE FAMILY CONTRIBUTION IS DEDUCTED FROM THE STUDENT'S COST OF ATTENDANCE RESULTING IN THE FAMILY'S NEED. THE AMOUNT OF NEED A FAMILY DEMONSTRATES DETERMINES THE AMOUNT OF ASSISTANCE THEY MAY BE ELIGIBLE TO RECEIVE. STUDENTS WHO APPLY FOR FINANCIAL ASSISTANCE MUST BE MATRICULATED, DEGREE-SEEKING CANDIDATES ENROLLED AT LEAST PART-TIME (4 CREDITS). FEDERAL REGULATIONS SPECIFY THAT FEDERAL FINANCIAL AID RECIPIENTS MUST BE U.S. CITIZENS, U.S. NATIONALS, OR ELIGIBLE NON-CITIZENS (U.S. PERMANENT RESIDENTS WHO POSSESS AN ALIEN REGISTRATION CARD). ALL AID RECIPIENTS MUST MAINTAIN SATISFACTORY ACADEMIC PROGRESS AS OUTLINED IN THE EMERSON COLLEGE STUDENT HANDBOOK. STUDENTS RECEIVING FEDERAL STUDENT AID FOR THE FIRST TIME AFTER JULY 1, 1987, MUST HAVE A MINIMUM OF A "C" (2.0) AVERAGE BY THE END OF THEIR 2ND ACADEMIC YEAR OF STUDY. FINANCIAL AID RECIPIENTS MAY NOT BE IN DEFAULT ON ANY EDUCATIONS LOANS, OWE A REFUND ON ANY GRANT, OR DEMONSTRATE ANY UNWILLINGNESS TO REPAY ANY EDUCATIONAL LOAN. ACADEMIC SCHOLARSHIPS FUNDED BY THE COLLEGE DO NOT REQUIRE REPAYMENT. WORK STUDY IS AVAILABLE TO FULL TIME AND HALF TIME STUDENTS. X X X X X true true X X X X X X true false false false false false false false false L PELTON 650000 0 0 0 52742 0 22050 0 92383 0 817175 0 0 0 L MOORE 224587 0 0 0 20066 0 21698 0 9665 0 276016 0 0 0 W GILLIGAN 225364 0 0 0 5405 0 27044 0 19659 0 277472 0 0 0 C HUGHES 192253 0 0 0 1754 0 17575 0 11046 0 222628 0 0 0 MJ KNOLL FINN 201754 0 0 0 6684 0 18861 0 19025 0 246324 0 0 0 A TIEDEMANN 186115 0 0 0 930 0 17453 0 53864 0 258362 0 0 0 M MURPHY 243600 0 0 66702 0 4284 0 6565 0 321151 0 0 0 J SCHOENHERR 140610 0 0 0 294 0 12338 0 11573 0 164815 0 0 0 J DONOHOE 166292 0 0 0 825 0 20906 0 20139 0 208162 0 0 0 J ANDERSEN 86292 0 0 0 80525 0 7766 0 278 0 174861 0 0 0 R ORCHARD 232865 0 0 0 6150 0 20958 0 3256 0 263229 0 0 0 M DEANGELES 191233 0 0 0 2467 0 15393 0 22403 0 231496 0 0 0 M INGS 171399 0 0 0 2153 0 15426 0 796 0 189774 0 0 0 J LIEBERGOTT 246750 0 14266 14700 37657 313373 0 0 FIRST CLASS TRAVEL SCHEDULE J PART I LINE 1a IN ACCORDANCE WITH COLLEGE POLICY, SOME EMERSON EMPLOYEES TRAVELLED FIRST CLASS TRAVEL BASED ON THE LENGTH OF THE FLIGHT OR WITH PRIOR APPROVAL FROM THE PRESIDENT AND IS TREATED AS NON TAXABLE INCOME. PER CONTRACTUAL ARRANGEMENT SOME TRAVEL FOR COMPANIONS IS PROVIDED. SEVERANCE PAYMENT SCEDULE J PART I LINE 4 PER A CONTRACTUAL REQUIREMENT THERE WAS A SEVERANCE PAYMENT MADE TO J. LIEBERGOTT, FORMER PRESIDENT IN THE AMOUNT OF $246,750. HOUSING ALLOWANCE SCHEDULE J PART I LINE 1a IN ACCORDANCE WITH COLLEGE POLICY AND AS A CONDITION OF EMPLOYMENT, THE COLLEGE REQUIRES THE PRESIDENT TO LIVE IN A RESIDENCE OWNED BY THE COLLEGE DURING HIS TENURE AS PRESIDENT. THE PRESIDENTIAL RESIDENCE IS EXTENSIVELY USED FOR COLLEGE BUSINESS AND ONLY A PORTION OF THE RESIDENCE IS USED EXCLUSIVELY BY THE PRESIDENT. THE RESIDENCE IS CLEANED FOR COLLEGE EVENTS, THE VALUE OF WHICH IS SO SMALL AS TO MAKE IT ADMINISTRATIVELY IMPRACTICAL TO ACCOUNT FOR. THE VALUE OF SUCH HOUSING FOR CALENDAR 2012 IS INCLUDED IN NON TAXABLE BENEFITS, THE VALUE OF WHICH WAS BASED ON AN INDEPENDENT MARKET APPRAISAL. TAX IDEMNIFICATIONS AND GROSS-UP PAYMENT SCHEDULE J PART 1 LINE 1a OCCASSIONALLY THE COLLEGE MAY PROVIDE CERTAIN PAYMENTS TO OFFICERS THAT HAVE BEEN GROSSED UP FOR TAX PURPOSES, WHICH ARE APPROVED BY THE BOARD OF TRUSTEES. THE BENEFIT IS TREATED AS TAXABLE COMPENSATION. DURING THE YEAR ENDED 6/30/2013 ONE OFFICER RECEIVED A PAYMENT THAT HAD BEEN GROSSED UP FOR TAX PURPOSES. A MDFA-SERIES 2006 A 043431814 57584naq6 2006-11-30 86527038 DORMS/CLASSROOMS/OFFICE/THEATER false false false B MDFA-SERIES 2010 A 043431814 57583ry74 2010-06-24 124760655 DORMS/CLASSROOMS/OFFICE/THEATER false false false C CMFA-SERIES 2011 201563466 13048tmz3 2011-12-08 55463072 LOS ANGELES BUILDING false false false A 11405000 0 86527038 0 0 0 768600 0 0 85758438 0 0 2009 false false true true B 0 0 124760655 0 0 0 941526 0 0 109067272 14751857 0 2012 true false false true C 0 0 55463072 0 4837952 0 621432 0 0 45491900 0 4511788 2014 false false true true A false false false false 0 false false false true B false false false false 0.00023 0.00023 false false false true C false false false false 0 false false false true A false false false 0 false 0 true B false false false 0 false 0 true C false false false 0 false 0 true A true B true C true Shedule K, Part VI 0 THE SERIES 2010A ISSUED BY THE MASSACHUSETTS DEVELOPMENT FINANCE AUTHORITY INCLUDED THE REFUNDING OF THE SERIES 1999A ISSUED 4/25/1999. PART II, LINE 11, COLUMN B THE AMOUNTS SPENT REPRESENT FUNDS USED TO REDEEM THE SERIES 1999A. X 4 1110 ESTIMATE X 160 FAIR MARKET VALUE X 2149 DONATED VALUE X 9 118731 MEAN VALUE X 13 15021 DONATED VALUE X 1 165 FAIR MARKET VALUE X GIFT CARDS & CERTIFICATES 11 2180 FAIR MARKET VALUE X TICKETS 7 2174 FAIR MARKET VALUE X EQUIPMENT 3 31080 DONATED VALUE 3 false true false NUMBER OF CONTRIBUTIONS PART I, COLUMN (B) AMOUNTS IN COLUMN (B) REPRESENT THE NUMBER OF CONTRIBUTIONS. VOLUNTEERS 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 MEMBERS OF THE GOVERNING BODY AND EMPLOYEES. FORM 990 REVIEW PART VI, SECTION B, LINE 11B 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 TAX RETURN PREPARER, CURRENTLY KPMG. 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, LINES 12C THE BY-LAWS OF THE BOARD OF TRUSTEES CONTAIN A WRITTEN CONFLICT OF INTEREST POLICY. MEMBERS OF THE BOARD ANNUALLY ACKNOWLEDGE RECEIPT OF, AND FAMILIARITY WITH, THE POLICY. WHEN A MEMBER OF THE BOARD 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 PART VI, SECTION B, LINE 15B THE COLLEGE REVIEWED AND REVISED THE COMPENSATION PAID TO ITS PRESIDENT; VICE PRESIDENT FOR ACADEMIC AFFAIRS; VICE PRESIDENT FOR INFORMATION TECHNOLOGY; VICE PRESIDENT AND GENERAL COUNSEL; VICE PRESIDENT FOR INSTITUTIONAL ADVANCEMENT; VICE PRESIDENT FOR PUBLIC AFFAIRS; VICE PRESIDENT FOR ENROLLMENT MANAGEMENT. THE COLLEGE WAS ASSISTED THROUGHOUT THE PROCESS BY INDEPENDENT OUTSIDE COUNSEL EXPERIENCED WITH RESPECT TO THE APPLICABLE DUTIES AND REQUIREMENTS. AT THE OUTSET OF THE PROCESS, COUNSEL ADVISED THE BOARD MEMBERS IN WRITING AS TO THE APPLICABLE STANDARDS AND PROCEDURES. VICE PRESIDENT COMPENSATION RECOMMENDATIONS BY THE PRESIDENT WERE INITIALLY REVIEWED BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. THE COMMITTEE AND COUNSEL FIRST DETERMINED THAT NO MEMBER OF THE COMMITTEE HAD A CONFLICT OF INTEREST. THEN, THE PRESIDENT AND THE COMMITTEE CONSIDERED 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 COMPARABILITY DATA PROVIDED BY AN INDEPENDENT NATIONAL COMPENSATION CONSULTING FIRM. AFTER DISCUSSION, THE COMMITTEE APPROVED RECOMMENDED COMPENSATIONS TO BE SUBMITTED TO THE FULL BOARD OF TRUSTEES. THE PRESIDENT AND VICE PRESIDENT COMPENSATIONS WERE THEN CONSIDERED AT A MEETING OF THE FULL BOARD OF TRUSTEES. FIRST, COUNSEL AND THE TRUSTEES DETERMINED THAT NO TRUSTEE PRESENT AT THE MEETING HAD A CONFLICT OF INTEREST. THEN, IN THE BOARD'S CONSIDERATION OF THE PROPOSED COMPENSATIONS, THE TRUSTEES GAVE PARTICULAR ATTENTION TO THE RESPONSIBILITIES OF THE PRESIDENT AND EACH VICE PRESIDENT POSITION, THE COLLEGE'S NEEDS AND EXPECTATIONS WITH RESPECT TO EACH POSITION, THE FINANCIAL HEALTH OF THE COLLEGE, THE JOB PERFORMANCE OF THE PRESIDENT AND EACH VICE PRESIDENT, THE RECOMMENDATIONS OF THE PRESIDENT AND THE COMPENSATION COMMITTEE, AND THE COMPREHENSIVE COMPARABILITY DATA THAT WAS ALSO CONSIDERED BY THE PRESIDENT AND THE COMPENSATION COMMITTEE. AFTER DISCUSSION, THE BOARD OF TRUSTEES APPROVED COMPENSATION TERMS FOR THE PRESIDENT AND EACH VICE PRESIDENT. THE ABOVE PROCESS, INCLUDING IDENTIFICATION OF THE BOARD MEMBERS WHO WERE PRESENT AND APPROVED THE COMPENSATIONS, WAS DOCUMENTED IN THE MINUTES OF THE BOARD OF TRUSTEES MEETING. THESE MINUTES WERE THEN APPROVED AT THE NEXT BOARD OF TRUSTEES MEETING. THE COMPENSATION PROCEDURES OF THE COLLEGE MEET THE REQUIREMENTS OF THE REBUTTABLE PRESUMPTION. PUBLIC DISCLOSURE PART VI, SECTION C, LINE 19 EMERSON COLLEGE MAKES AVAILABLE FORM 990 AND FORM 990T 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 ASSETS PART XI, LINE 5 Change in PV CTR $(22,090) Non-cash donations $(54,038) Rounding difference $ (485) Total $(76,613) ADDITIONAL COMPENSATION INFORMATION PART VII, SECTION A K. BRIGHT RECEIVED COMPENSATION FOR BEING A FACULTY MEMBER OF THE COLLEGE, NOT IN HIS CAPACITY AS TRUSTEE. CHARITABLE REMAINDER UNITRUST (1) CRUT MA NA Trust false false false false false false false false false false false false false false false false false false false