2013-05-09T09:39:14-05:00 2012-06-30 PricewaterhouseCoopers LLP 125 High Street Boston MA 02110 990 2011-07-01 050258956 Rhode Island School of Design % RHODE ISLAND SCHOOL OF DESIG RHOD 4014546766 TWO COLLEGE STREET PROVIDENCE RI 02903 WILLIAM DECATUR 2013-05-02 true PRICEWATERHOUSECOOPERS LLP 6175305000 2011 2016-02-25 16:41:14Z JOHN MAEDA TWO COLLEGE ST PROVIDENCE RI 02903 1158524873 false X www.risd.edu X 1887 RI SEE SCHEDULE O. 29 28 3476 53 1790635 1129612 6151095 8514731 119386012 124019589 15027941 10696159 616146 590849 141181194 143821328 15787929 16435440 0 0 67367719 70701184 0 0 3141547 45584162 49302082 128739810 136438706 12441384 7382622 561724525 545533242 213570066 214422931 348154459 331110311 X SEE SCHEDULE O. false false 109038598 16435440 122866613 EDUCATION - PROVIDE EDUCATIONAL SERVICES TO APPROXIMATELY 2386 FULLTIME STUDENTS, 2255 SUMMER 2011 STUDENTS AND 2375 EXTENSION SCHOOL STUDENTS. 7640412 0 1152976 MUSEUM - THE RISD MUSEUM EDUCATES AND INSPIRES STUDENTS AND THE PUBLIC THROUGH EXHIBITIONS, LECTURES, TOURS, WORKSHOPS AND PUBLICATIONS. 116679010 true true false true false false false true false true true true false false true false false true true true true false false false false false false false true true true false false false false false false false false true false true true false false true true true true false false true 3124 0 true 3476 true true true true IT false false false false false false false false X 29 28 false false false false false true false true true false false true 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 50.0 X X 490865 0 67251 SEE SCHEDULE O FOR LIST OF TRUSTEES 2.0 X 0 0 0 WILLIAM DECATUR 50.0 X 303496 0 47368 ETHEL J SHEFRIN 50.0 X 244177 0 36125 ROSANNE SOMERSON 50.0 X 197295 0 48727 CANDACE BAER 50.0 X 173905 0 42607 REBECCA BERMONT 50.0 X 167891 0 30141 JEAN EDDY 50.0 X 326204 0 45127 ERIC GRAAGE 50.0 X 272582 0 45245 RALPH FASANO 50.0 X 228049 0 35528 2404464 0 398119 80 false true false DATATEL INC 4375 FAIR LAKES COURT FAIRFAX VA 22033 SOFTWARE CONSULTING 1263574 SHAWMUT WOODWORKING 560 HARRISON AVENUE BOSTON MA 02118 CONSTRUCTION SRVCS 452080 SUMMIT ROCK 9 WEST 57TH STREET 12TH FLOOR NEW YORK NY 10019 INVESTMENT MGMT 364001 PROFESSIONAL SECURITY SERVICES 245 MACKLIN STREET CRANSTON RI 02920 TRANSPORTATION SVCS 336453 JMS SERVICES INC 44 MURRAY PLACE REHOBOTH MA 02769 PAINTING SERVICES 246617 19 1013630 7501101 207926 8514731 TUITION/ROOM/BOARD 900099 120389269 120389269 MUSEUM 900099 636130 636130 BOOK/SUPPLY STORE 451211 2994190 2994190 124019589 2103612 1199786 903826 -1399329 -1399329 0 1024695421 1012311437 2392108 12383984 -2392108 9991876 9991876 0 0 0 RISD WORKS 453220 516846 516846 OUTSIDE CATERING 722320 57883 57883 FESTIVAL BALLET 711120 16120 16120 590849 143821328 121025399 1790635 12490563 0 16435440 16435440 0 0 1407275 581827 666090 159358 48576 48576 54212654 49242775 3567646 1402233 3495960 3107210 276354 112396 7705649 6848781 609128 247740 3831070 3405055 302844 123171 0 146287 146287 301701 301701 0 0 1001835 1001835 2118576 1734075 321423 63078 255684 250444 510 4730 12186017 10178699 1782986 224332 4332973 3852201 325895 154877 0 6167235 1973882 4193353 1617762 1537450 4895 75417 0 0 4539398 4034617 358837 145944 0 9468910 8415967 748513 304430 602071 602071 WORKS OF ART 820329 820329 OTHER RENTAL EXPENSES 536958 486349 2278 48331 MAINTENANCE SERVICES 1218329 788639 390303 39387 ENTERTAINMENT 1046901 988340 24617 33944 2941116 1346283 1592654 2179 136438706 116679010 16618149 3141547 28039808 39366034 136431 0 1879289 2653147 3554770 4078098 0 0 0 0 5732763 5436561 2078567 1561154 2001633 2604066 330748411 141874543 191530276 188873868 105493647 146969579 203277562 135493639 0 0 0 0 17999779 18497096 561724525 545533242 8156324 6613477 0 0 6442474 6539367 170928717 169288690 0 0 0 0 0 0 0 0 28042551 31981397 213570066 214422931 X 261129518 246208384 56526636 52575836 30498305 32326091 348154459 331110311 561724525 545533242 X 7382622 -24426770 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false false true 1170 false true 54240 true 33986 false 89396 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 $229,938. 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 304478607 1827786 -4647750 2498635 14660280 1001835 283497893 274542669 4782494 36731182 2404861 8011101 1161776 304478607 260262437 6876341 21745574 3660193 10608161 73329 274542669 357541310 5758390 -76183979 13790118 11834800 1228366 260262437 0.72800 0.10900 0.16300 false false 7911598 7911598 265885196 97770534 168114662 47577890 41500930 6076960 9373727 2603079 6770648 188873868 ALTERNATIVE INVESTMENTS 135493639 F 135493639 0 US GOVERNMENT LOAN FUNDS 4153194 INTEREST RATE SWAP 12381437 ASSET RETIREMENT OBLIGATION 3703193 CAPITAL LEASE OBLIG - LONG-TER 11743573 31981397 143821328 136438706 7382622 -19563767 -4863003 -24426770 -17044148 102781463 -19563767 -21476098 -41039865 143821328 143821328 119583306 581875 581875 119001431 1001835 16435440 17437275 136438706 COLLECTIONS OF ART, HISTORICAL TREASURERS OR OTHER ASSETS SCHEDULE D, PART III, LINE 1A THE MAJORITY OF THE SCHOOL'S COLLECTION 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 $812,185 AND $656,163 FOR ACQUISITIONS DURING 2012 AND 2011, 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 86,200 OBJECTS OF INTERNATIONAL SIGNIFICANCE. 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 8 UNREALIZED DEPRECIATION ON SWAP VALUATION ($4,863,001) ROUNDING (2) ------------- TOTAL SCHEDULE D, PART XI, LINE 8 ($4,863,003) SCHEDULE D, PART XII, LINE 2D UNREALIZED DEPRECIATION ON SWAP VALUATION ($4,863,000) INVESTMENT EXPENSE NETTED AGAINST UNREALIZED GAIN/LOSS ($1,001,835) SCHOLARSHIPS ($16,435,440) RISD HOLDINGS REVENUE NET OF ELIMINATING ENTRIES $824,177 -------------- TOTAL SCHEDULE D, PART XII, LINE 2D ($21,476,098) SCHEDULE D, PART XIII, LINE 2D RISD HOLDINGS EXPENSE NET OF ELIMINATING ENTRIES $581,875 SCHEDULE D, PART XIII, LINE 4B SCHOLARSHIPS $16,435,440 true true true true true true true false false false false false false false false true false true SCHEDULE E, LINE 3 IN THE RHODE ISLAND SCHOOL OF DESIGN CATALOGUE AND STUDENT HANDBOOK. 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 8 Program Services INDEPENDENT STUDY 1539440 South America 1 Program Services INDEPENDENT STUDY 31990 South Asia 2 Program Services INDEPENDENT STUDY 1439305 East Asia and the Pacific 2 Program Services INDEPENDENT STUDY 89878 Central America and the Caribbean 2 Program Services INDEPENDENT STUDY 41743 Central America and the Caribbean Investments 124200554 1 15 1 15 127342910 127342910 true false true true true false SCHEDULE F, LINE 3, COLUMN F RHODE ISLAND SCHOOL OF DESIGN TRACKS EXPENSES FOR EACH INTERNATIONAL PROGRAM USING SEPARATE ACCOUNT NUMBERS. true SCHOLARSHIPS/GRANTS 1266 16435440 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 false true X X X X X true false false false false false false true false JOHN MAEDA 465858 0 0 0 25007 0 26510 0 40741 0 558116 0 0 0 WILLIAM DECATUR 287058 0 0 0 16438 0 26510 0 20858 0 350864 0 0 0 ETHEL J SHEFRIN 234177 0 10000 0 0 0 25900 0 10225 0 280302 0 0 0 CANDACE BAER 173905 0 0 0 0 0 19124 0 23483 0 216512 0 0 0 REBECCA BERMONT 167891 0 0 0 0 0 15478 0 14663 0 198032 0 0 0 ROSANNE SOMERSON 187295 0 10000 0 0 0 20630 0 28097 0 246022 0 0 0 JEAN EDDY 301204 0 25000 0 0 0 36510 0 8617 0 371331 0 0 0 ERIC GRAAGE 252582 0 20000 0 0 0 26510 0 18735 0 317827 0 0 0 RALPH FASANO 164859 0 0 0 63190 0 8927 0 26601 0 263577 0 0 0 COMPENSATION INFORMATION SCHEDULE J, PART I, LINES 1A AND 1B TAX INDEMNIFICATIONS AND GROSS-UP PAYMENTS - CERTAIN OFFICERS AND KEY EMPLOYEES WERE 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 AGREEMENTS BETWEEN THE INDIVIDUAL AND RISD AND ARE APPROVED IN ADVANCE BY THE PRESIDENT OR THE BOARD. HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE - THE SCHOOL MAINTAINS A HOUSE FOR USE BY THE PRESIDENT AS A CONDITION OF EMPLOYMENT AND FOR THE CONVENIENCE OF RISD. THEREFORE, NO AMOUNT IS INCLUDED IN TAXABLE COMPENSATION. SCHEDULE J, PART I, LINE 4A RALPH FASANO RECEIVED SEVERANCE PAYMENTS OF $63,190 DURING 2011, WHICH REPRESENTED FOUR MONTHS OF SEVERANCE AND RELATED SEVERANCE TRANSITION BENEFITS. 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. RHODE ISLAND HEALTH AND EDUC BUILDING CORP 2004D 521300173 762243HG1 2004-05-14 58435000 SEE PART V false false false RHODE ISLAND HEALTH AND EDUC BUILDING CORP 2008AB 521300173 762197CG4 2008-03-27 93780000 SEE PART V false false false RHODE ISLAND HEALTH AND EDUC BUILDING CORP 2012 521300173 762197KB6 2012-03-28 28791988 2001 BOND REFUNDING false false false 4312244 0 60168633 0 7675125 0 1118676 0 0 49641199 0 0 2005 false false true true 7400000 0 93780000 0 0 0 692102 87898 0 1935724 91064276 0 2008 true false true true 0 0 28791988 0 0 0 329659 0 0 0 28462329 0 2012 true false true true false false false false false false 0.00000 0.00000 0.00000 true false true false false false false 0.00400 0.00000 0.00400 true 0.00000 0.00000 0.00000 false false false 0 false 0 false false false true true BARCLAYS 26.5 false false false 0 false true false false false 0 false 0 false false X PURPOSE OF BOND SCHEDULE K, PART I, COLUMN F A. 2004D BOND - FACILITY AQUIS/CONST/EQUIP/RENOV; REFUNDING OF 1996 BONDS. B. 2008AB BOND - FACILITY AQUIS/CONST/EQUIP/RENOV; REFUNDING OF 2004A, 2004B, 2006A, AND 2006B BONDS. TOTAL PROCEEDS OF ISSUE SCHEDULE K, PART II, LINE 3 A. 2004D BOND - THIS AMOUNT INCLUDES INVESTMENT EARNINGS. ERNESTO APARICIO SPOUSE OF TRUSTEE 48576 FACULTY WAGES false X 101 0 X 18 207926 FMV 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 BOTH RISD ALUMNI COUNCIL PRESIDENT AND IMMEDIATE PAST PRESIDENT FOR 2 YEARS AFTER TERM, SERVE AS EX-OFFICIO TRUSTEES. WRITTEN POLICIES AND PROCEDURES 990 REVIEW PROCESS FORM 990, PART VI, LINE 11B THE PROCESS FOR THE FY2012 FORM 990 INCLUDES REVIEW BY SENIOR MANAGEMENT, THE AUDIT COMMITTEE, AND THE INDEPENDENT EXTERNAL TAX CONSULTANTS. THE AUDIT COMMITTEE IS PRESENTED WITH A DRAFT OF THE RETURN FOR THEIR REVIEW. THE FULL BOARD RECEIVES A FINAL COPY OF FORM 990 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 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 BY RESPONDING TO ANY QUESTIONS THEY MAY HAVE. RESULTS OF THE COMPLETED SURVEYS ARE PRESENTED TO THE TRUSTEES' AUDIT COMMITTEE. THE THRESHOLD FOR REPORTING FINANCIAL CONFLICTS TO THE COMMITTEE IS MORE THAN $10,000 PER YEAR (IN THE AGGREGATE, FOR EACH TRUSTEE). IN ADDITION TO THE ANNUAL SURVEY, THE TRUSTEES ARE REQUIRED TO DISCLOSE ANY ADDITIONAL CONFLICTS THAT MAY ARISE DURING THE COURSE OF THE YEAR. 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' 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 THE PRESIDENT, EVP FINANCE, AND BOARD OF TRUSTEES, AS APPROPRIATE, FOR APPROVAL. 7. GENERATING AN OFFER LETTER OR CONTRACT. DURING FISCAL YEAR 2012, A COMPENSATION SUBCOMMITTEE WAS CREATED BY THE BOARD OF TRUSTEES TO ASSIST THE BOARD IN ESTABLISHING AND REVIEWING THE COMPENSATION OF RISD'S SENIOR ADMINISTRATIVE STAFF. 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. ORGANIZATION DOCUMENTS AVAILABILITY TO PUBLIC FORM 990, PART VI, LINE 19 THE SCHOOL'S BYLAWS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. RISD BOARD OF TRUSTEES MAY 2011 - MAY 2012 FORM 990, PART VII OFFICERS OF THE BOARD CHAIR: MERRILL W. SHERMAN VICE CHAIR: STEPHEN L. KEY VICE CHAIR: LISA PEVAROFF-COHN VICE CHAIR: MICHAEL SPALTER SECRETARY: V. DUNCAN JOHNSON TERM TRUSTEES 1. MICHAEL D. ALLEN 2. DAVID C. BARCLAY 3. JOHN BEUG 4. ERICA DI BONA 5. SHERRI DONGHIA 6. SUSAN DRYFOOS 7. CATHY GRAHAM 8. RICHARD W. HAINING, SR. 9. WILLIAM R. HAMMER 10. JON KAMEN 11. SCOTT R. LATHAM 12. STEPHEN A. METCALF 13. SUSAN B. MONTGOMERY 14. STUART J. MURPHY 15. SANDRA P. SMITH 16. DONALD R. STANTON 17. PHILIP E. TOBEY 18. WILLIAM G. TSIARAS, M.D. 19. ARNOLD-PETER C. WEISS, M.D. 20. PATRICIA A. WHITE 21. MARGARET A. WILLIAMS 22. MARY ANN (TOOTS) ZYNSKY LIFE TRUSTEE LOUIS M.S. BEAL EX-OFFICIO TRUSTEES JOHN MAEDA, PRESIDENT MEGHAN REILLY MICHAUD, PRESIDENT RISD ALUMNI ASSOCIATION NATHANIEL HESSE, PAST PRESIDENT RISD ALUMNI ASSOCIATION ALL OF THE TRUSTEES WORK, ON AN AVERAGE, 2 HOURS PER WEEK AND RECEIVE NO COMPENSATION. RISD BOARD OF TRUSTEES MAY 2012 - MAY 2013 FORM 990, PART VII OFFICERS OF THE BOARD 1. CHAIR: MICHAEL SPALTER 2. VICE CHAIR: LISA PEVAROFF-COHN 3. SECRETARY: V. DUNCAN JOHNSON TERM TRUSTEES 4. MICHAEL D. ALLEN 5. DAVID C. BARCLAY 6. LOUIS BEAL, LIFE TRUSTEE 7. JOHN BEUG 8. ERICA DI BONA 9. SHERRI DONGHIA 10. SUSAN DRYFOOS 11. JOE GEBBIA 12. ROBERT W. GLASS 13. CATHY GRAHAM 14. RICHARD W. HAINING, SR. 15. JON KAMEN 16. AMY KORENVAES 17. SCOTT R. LATHAM 18. MARY LOVEJOY 19. STEPHEN A. METCALF 20. SUSAN B. MONTGOMERY 21. MERRILL W. SHERMAN, CHAIR EMERITA 22. SANDRA P. SMITH 23. PETER D. A. STEIN 24. WILLIAM G. TSIARAS, M.D. 25. PATRICIA A. WHITE 26. MARGARET A. WILLIAMS EX-OFFICIO TRUSTEES 27. JOHN MAEDA, RISD PRESIDENT 28. MEGHAN REILLY MICHAUD, PRESIDENT RISD ALUMNI ASSOCIATION 29. NATHANIEL HESSE, PAST PRESIDENT RISD ALUMNI ASSOCIATION ALL OF THE TRUSTEES WORK, ON AN AVERAGE, 2 HOURS PER WEEK AND RECEIVE NO COMPENSATION. RECONCILIATION OF NET ASSETS FORM 990, PART XI, LINE 5 UNREALIZED LOSS ON INVESTMENTS: ($19,563,767) UNREALIZED DEPRECIATION ON SWAP VALUATION: ($4,863,001) ROUNDING ($2) ------------- ($24,426,770) TECHNOLOGY AND DESIGN BUILDINGS LLC 2 COLLEGE STREET PROVIDENCE RI 02903 050258956 REAL ESTATE RI 103003 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 true false false true false false false false false true true false false true false true false false RISD HOLDINGS INC A 260004 CASH RISD HOLDINGS INC P 122042 CASH RISD HOLDINGS INC N 71208 CASH SCHEDULE R, PART IV, LINE 1 CHARITABLE REMAINDER TRUSTS ARE DOMICILED IN MASSACHUSETTS, MARYLAND, CALIFORNIA, RHODE ISLAND, AND CONNECTICUT.