2012-05-14T16:32:06-04:00 2011-06-30 PricewaterhouseCoopers LLP 125 High Street Boston MA 02110 990 2010-07-01 050258956 Rhode Island School of Design RHOD 4014546441 TWO COLLEGE STREET PROVIDENCE RI 02903 WILLIAM DECATUR 2012-05-03 true PRICEWATERHOUSECOOPERS LLP 6175305000 2010 2016-02-24 21:20:13Z JOHN MAEDA TWO COLLEGE ST PROVIDENCE RI 02903 488551189 false X www.risd.edu X 1887 RI SEE SCHEDULE O. 31 29 3299 45 2310811 1580669 8453516 6151095 114237375 119386012 27553585 15027941 559252 616146 150803728 141181194 14130571 15787929 0 0 63577085 67367719 0 0 2772314 45493496 45584162 123201152 128739810 27602576 12441384 530872824 561724525 218981408 213570066 311891416 348154459 X SEE SCHEDULE O. false false 102458465 15787929 117974388 EDUCATION - PROVIDE EDUCATIONAL SERVICES TO APPROXIMATELY 2355 FULLTIME STUDENTS, 2026 SUMMER STUDENTS AND 2301 EXTENSION SCHOOL STUDENTS. 6778883 0 1411624 MUSEUM - THE RISD MUSEUM EDUCATES AND INSPIRES STUDENTS AND THE PUBLIC THROUGH EXHIBITIONS, LECTURES, TOURS, WORKSHOPS AND PUBLICATIONS. 109237348 true true false true false false true false true true true false false true false true false true true true false false false false false false false true true true false false false false false false false true true false true true false false true true true true false false true 3123 0 true 3299 true true true true IT false false false true true false false false false X 31 29 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 DESIGN 4014546441 2 COLLEGE ST PROVIDENCE RI 029032790 X JOHN MAEDA 50.0 X X 443821 0 64579 SEE SCHEDULE O FOR LIST OF TRUSTEES 2.0 X 0 0 0 WILLIAM DECATUR 50.0 X 403290 0 43196 ETHEL J SHEFRIN 50.0 X 217988 0 43956 ELIZABETH GARVIN until 63010 50.0 X 236029 0 26784 DAVID BOGEN 50.0 X 193144 0 41474 CANDACE BAER 50.0 X 166684 0 40691 REBECCA BERMONT 50.0 X 176661 0 18948 BRIAN KERNAGHAN until 63010 50.0 X 167025 0 23789 KELLY A MORRA 50.0 X 200278 0 35777 HOPE ALSWANG UNTIL 73109 0.0 X 228930 0 9429 2433850 0 348623 72 true true false SITE SPECIFIC LLC 45 DIKE STREET PROVIDENCE RI 02909 CONSTRUCTION SVCS 2214742 SHAWMUT WOODWORKING 560 HARRISON AVENUE BOSTON MA 02118 CARPENTRY SERVICES 1094899 TOWER CONSTRUCTION CORPORATION 2158 PLAINFIELD PIKE CRANSTON RI 02921 CONSTRUCTION SVCS 544983 DATATEL INC 4375 FAIR LAKES COURT FAIRFAX VA 22033 SOFTWARE CONSULTING 469748 LOMBARDI CONSTRUCTION COMPANY 13 OYSTER POINT WARREN RI 02885 CONSTRUCTION SVCS 394335 19 611372 5539723 586761 6151095 TUITION/ROOM/BOARD 900099 115638453 115638453 MUSEUM 900099 580493 580493 BOOK/SUPPLY STORE 451211 3167066 3167066 119386012 2720888 1694665 1026223 0 0 359677048 344923523 2446472 14753525 -2446472 12307053 12307053 0 0 0 RISD WORKS 453220 489242 489242 OUTSIDE CATERING 722320 109249 109249 FESTIVAL BALLET 711120 17655 17655 616146 141181194 116218946 2310811 16500342 0 15787929 15787929 0 0 1477243 484925 836448 155870 15321 15321 51715214 44352017 5953371 1409826 3429646 2821643 497482 110521 6926275 5754103 956399 215773 3804020 3129648 551787 122585 0 163621 163621 295813 295813 0 0 1161776 1161776 1938581 990798 864713 83070 152830 130370 17480 4980 10686652 9361717 1159005 165930 3097796 2572054 453547 72195 0 6209901 5928346 281555 0 1270603 1079105 138475 53023 0 0 5244435 4449074 696165 99196 0 9860235 8364851 1308882 186502 578745 59570 519175 0 WORKS OF ART 664681 664681 OTHER RENTAL EXPENSES 537452 331933 204407 1112 MAINTENANCE SERVICES 1171797 790742 369046 12009 ENTERTAINMENT 1025030 798429 192018 34583 MISCELLANEOUS 1524214 1370092 108983 45139 128739810 109237348 16730148 2772314 28270568 28039808 154226 136431 3303505 1879289 2331590 3554770 0 0 6291634 5732763 1853788 2078567 2094135 2001633 323935909 132405633 192473605 191530276 124668729 105493647 153302310 203277562 16128734 17999779 530872824 561724525 9165501 8156324 6079152 6442474 173843609 170928717 29893146 28042551 218981408 213570066 X 230183065 261129518 52956920 56526636 28751431 30498305 311891416 348154459 530872824 561724525 X 12441384 23821659 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false false true 2893 false true 51473 true 30701 true 85067 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 $217,554. 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 Teaching false 274542669 4782494 36731182 2404861 8011101 1161776 304478607 260262437 6876341 21745574 3660193 10608161 73329 274542669 357541310 5758390 -76183979 13790118 11834800 1228366 260262437 0.73600 0.09900 0.16500 false false 7911598 7911598 261430288 91495908 169934380 45675064 38827262 6847802 8918959 2082463 6836496 191530276 ALTERNATIVE INVESTMENTS 203277562 F 203277562 0 AGENCY ACCOUNTS 159592 US GOVERNMENT LOAN FUNDS 3989741 INTEREST RATE SWAP 7518436 ASSET RETIREMENT OBLIGATION 3749159 CAPITAL LEASE OBLIG - LONG-TER 12625623 28042551 141181194 128739810 12441384 22308839 1512820 23821659 36263043 148053148 22308839 -15436885 6871954 141181194 141181194 111790105 111790105 1161776 15787929 16949705 128739810 CONSERVATION EASEMENTS SCHEDULE D, PART II, LINE 9 THE SCHOOL HOLDS, MAINTAINS AND USES PROPERTY, COMMONLY REFERRED TO AS TILLINGHAST FARM, FOR RECREATIONAL, RECUPERATIVE, EDUCATIONAL, INSPIRATIONAL, AND/OR CHARITABLE ACTIVITIES AS OUTLINED IN THE DONOR'S WILL. 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 $656,163 AND $683,417 FOR ACQUISITIONS DURING 2011 AND 2010, 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. RECONCILIATION SCHEDULE D, PART XI, LINE 8 UNREALIZED APPRECIATION ON SWAP VALUATION: $1,512,820 SCHEDULE D, PART XII, LINE 2D UNREALIZED APPRECIATION ON SWAP VALUATION $1,512,820 INVESTMENT EXPENSE NETTED AGAINST UNREALIZED GAIN ($1,161,776) SCHOLARSHIPS ($15,787,929) ______________ ($15,436,885) SCHEDULE D, PART XIII, LINE 4A INVESTMENT EXPENSE NETTED AGAINST UNREALIZED GAIN $1,161,776 SCHEDULE D, PART XIII, LINE 4B SCHOLARSHIPS $15,787,929 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 STAFFORD 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 10 Program Services INDEPENDENT STUDY South America 0 1 Program Services INDEPENDENT STUDY South Asia 0 2 Program Services INDEPENDENT STUDY East Asia and the Pacific 0 2 Program Services INDEPENDENT STUDY Central America and the Caribbean Investments 13864443 Europe (Including Iceland and Greenland) Investments 13598283 1 15 1 15 27462726 27462726 true false false true true false SCHEDULE F, PART I, LINE 3, COLUMN F RHODE ISLAND SCHOOL OF DESIGN DOES NOT CURRENTLY TRACK FOREIGN EXPENDITURES SEPARATELY. THEREFORE, PURSUANT TO IRS GUIDANCE, DISCLOSURE IN THIS COLUMN IS NOT REQUIRED IN THE CURRENT YEAR. true SCHOLARSHIPS/GRANTS 1279 15787929 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 false true X X X X true false false false false false false true false JOHN MAEDA 430742 0 0 0 13079 0 26510 0 38069 0 508400 0 0 0 WILLIAM DECATUR 265401 0 65000 0 72889 0 24765 0 18431 0 446486 0 0 0 ELIZABETH GARVIN until 63010 119352 0 0 0 116677 0 11113 0 15671 0 262813 0 0 0 ETHEL J SHEFRIN 217988 0 0 0 0 0 33801 0 10155 0 261944 0 0 0 HOPE ALSWANG UNTIL 73109 0 0 0 0 228930 0 0 0 9429 0 238359 0 0 0 KELLY A MORRA 180806 0 10000 0 9472 0 20920 0 14857 0 236055 0 0 0 DAVID BOGEN 160347 0 0 0 32797 0 19932 0 21542 0 234618 0 0 0 CANDACE BAER 166684 0 0 0 0 0 18119 0 22572 0 207375 0 0 0 REBECCA BERMONT 176661 0 0 0 0 0 17701 0 1247 0 195609 0 0 0 BRIAN KERNAGHAN until 63010 52851 0 0 0 114174 0 5554 0 18235 0 190814 0 0 0 COMPENSATION INFORMATION SCHEDULE J, PART I, LINES 1A AND 1B TRAVEL FOR COMPANIONS - OCCASIONALLY, THE SPOUSE OF AN OFFICER ACCOMPANIED THAT OFFICER ON BUSINESS TRAVEL FOR WHICH TRAVEL EXPENDITURES WERE REIMBURSED BY THE SCHOOL. SUCH REIMBURSEMENTS WERE REPORTED AS TAXABLE COMPENSATION TO THE OFFICER. 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. HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES - THE SCHOOL PAYS SOCIAL CLUB DUES FOR THE PRESIDENT. THESE AMOUNTS WERE NOT INCLUDED IN TAXABLE COMPENSATION AS ALL AMOUNTS WERE RELATED TO RISD ACTIVITIES. THE ITEMS PROVIDED ABOVE 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, LINES 4A THE FOLLOWING INDIVIDUALS RECEIVED SEVERANCE PAYMENTS IN THE FOLLOWING AMOUNTS DURING 2010: ELIZABETH GARVIN - $116,677 HOPE ALSWANG - $228,930 BRIAN KERNAGHAN - $114,174 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. 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 3254819 0 60168633 0 7675125 0 1118676 0 0 49641199 0 0 2005 false false true true 5475000 0 93780000 0 0 0 692102 87898 0 1935724 91064276 0 2008 true false true true false true false false false true false true false false false 0.00400 0.00400 true false false false false false false false true true BARCLAYS 26.5 false false false false true 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 15321 FACULTY WAGES false WILLIAM DECATUR OFFICER 475170 PURCHASE OF OHIO RESIDENCE false BUSINESS TRANSACTIONS WITH INT. PERSONS SCHEDULE L, PART IV DURING THE YEAR ENDED JUNE 30, 2011, THE SCHOOL PURCHASED REAL ESTATE IN OHIO IN THE AMOUNT OF $475,170, BASED ON THE AVERAGE OF TWO APPRAISALS, IN ORDER TO ASSIST IN THE MOVE OF WILLIAM DECATUR, EXECUTIVE VICE PRESIDENT OF FINANCE AND ADMINISTRATION, TO THE RHODE ISLAND AREA. THE SCHOOL INTENDS TO SELL THE REAL ESTATE. X 83 0 X 1 0 X 0 X 5 586761 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 RISD ALUMNI ASSOCIATION IS A MEMBER OF RHODE ISLAND SCHOOL OF DESIGN AND ELECTS TWO MEMBERS OF THE BOARD. WRITTEN POLICIES AND PROCEDURES 990 REVIEW PROCESS FORM 990, PART VI, LINE 11B THE PROCESS FOR THE FY2011 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 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 HAD A WRITTEN DOCUMENT RETENTION AND DESTRUCTION POLICY IN PLACE BEFORE JUNE 30, 2011. APPROVAL OF THIS POLICY BY THE BOARD IS CURRENTLY IN PROCESS AND 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. CONSIDERATION OF 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. PRESENTATION OF A RECOMMENDED HIRING RANGE (OFFER) TO THE PRESIDENT, EVP FINANCE, AND BOARD OF TRUSTEES, AS APPROPRIATE, FOR APPROVAL. THE COMPENSATION IS APPROVED BY THE BOARD OF TRUSTEES' EXECUTIVE OFFICERS AND CHAIR OF THE BOARD. 6. 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 2010 - MAY 2011 FORM 990, PART VII OFFICERS OF THE BOARD CHAIR: MERRILL W. SHERMAN VICE CHAIR: STUART J. MURPHY VICE CHAIR: PHILIP E. TOBEY SECRETARY: KATE RITTMAN (MAY 2010 - OCTOBER 2010) DUNCAN JOHNSON (OCTOBER 2010 - MAY 2011) TERM TRUSTEES 1. MICHAEL ALLEN 2. DAVID C. BARCLAY 3. JOHN BEUG 4. VINCENT J. BUONANNO 5. ERICA DI BONA 6. ROBERT A. DIMUCCIO 7. SHERRI DONGHIA 8. SUSAN DRYFOOS 9. CATHY GRAHAM 10. RICHARD W. HAINING, SR. 11. WILLIAM R. HAMMER 12. V. DUNCAN JOHNSON 13. JON KAMEN 14. STEPHEN L. KEY 15. STEPHEN LANE 16. SCOTT R. LATHAM 17. STEPHEN A. METCALF 18. SUSAN B. MONTGOMERY 19. LISA PEVAROFF-COHN 20. SANDRA P. SMITH 21. MICHAEL SPALTER 22. DONALD R. STANTON 23. WILLIAM G. TSIARAS, M.D. 24. ARNOLD-PETER WEISS, M.D. 25. PATRICIA A. WHITE 26. MARGARET A. WILLIAMS 27. MARY ANN (TOOTS) ZYNSKY LIFE TRUSTEE LOUIS M.S. BEAL EX-OFFICIO TRUSTEES NATHANIEL HESSE, PRESIDENT/ALUMNI ASSOCIATION JOHN MAEDA, PRESIDENT JOAN K. HERRON, PAST PRESIDENT/ALUMNI ASSOCIATION ALL OF THE TRUSTEES WORK, ON AN AVERAGE, 2 HOURS PER WEEK AND RECEIVE NO COMPENSATION. 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/ALUMNI ASSOCIATION NATHANIEL HESSE, PAST PRESIDENT/ALUMNI ASSOCIATION ALL OF THE TRUSTEES WORK, ON AN AVERAGE, 2 HOURS PER WEEK AND RECEIVE NO COMPENSATION. FORM 990, PART VII KELLY MORA WAS ACTING EVP FINANCE UNTIL WILLIAM DECATUR WAS APPOINTED ON 1/11/10. AFTER THAT TIME, HER POSITION WAS AVP FINANCE UNTIL SHE LEFT RISD IN FEBRUARY 2011. RECONCILIATION OF NET ASSETS FORM 990, PART XI, LINE 5 UNREALIZED GAIN ON INVESTMENTS: $22,308,839 UNREALIZED APPRECIATION ON SWAP VALUATION: $ 1,512,820 ---------- $23,821,659 TECHNOLOGY AND DESIGN BUILDINGS LLC 2 COLLEGE STREET PROVIDENCE RI 02903 050258956 REAL ESTATE RI 99569 NA HILLSIDE REALTY COMPANY 2 COLLEGE STREET PROVIDENCE RI 02903 050258956 INACTIVE RI N/A RISD HOLDINGS INC 2 COLLEGE STREET PROVIDENCE RI 02903 050508151 REAL ESTATE RI 501(C)(25) RISD true RISD RESEARCH FOUNDATION INC 2 COLLEGE STREET PROVIDENCE RI 02903 050487509 RSRCH GRANT RI 501(C)(3) 11a-I RISD true CHARITABLE REMAINDER TRUSTS (10) FUNDRAISING MA N/A 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 59980 CASH RISD HOLDINGS INC N 51304 CASH SCHEDULE R, PART IV, LINE 1 CHARITABLE REMAINDER TRUSTS ARE DOMICILED IN MASSACHUSETTS, MARYLAND, CALIFORNIA, RHODE ISLAND, AND CONNECTICUT.