2011-05-13T15:04:39-04:00 2010-06-30 KPMG LLP 60 South Street Boston MA 02111 990 2009-07-01 041286950 EMERSON COLLEGE EMER 6178248500 120 BOYLSTON STREET BOSTON MA 021164624 MAUREEN MURPHY 2011-05-13 6179881000 2009 2016-02-24 21:20:13Z MAUREEN MURPHY 120 BOYLSTON STREET BOSTON MA 021164624 160155775 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. 29 27 2888 655 1189333 -738448 4819670 5001782 135015943 142763208 2050590 1334172 5740564 5164237 147626767 154263399 22130538 25891607 0 0 53923445 57604700 0 0 2081372 55615868 52923783 131669851 136420090 15956916 17843309 467160045 632554899 157717979 301695104 309442066 330859795 EMERSON COLLEGE IS A FOUR-YEAR COLLEGE OFFERING DEGREES PRIMARILY IN THE FIELDS OF PERFORMING ARTS AND COMMUNICATIONS. false false 91610849 25891607 119733502 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. 21092314 23897582 AUXILIARY ENTERPRISES PROVIDES SERVICE FOR THE CONVENIENCE OF STUDENTS AND TO ENSURE IT IS APPROPRIATELY SUPPORTED. THE SERVICES INCLUDE ROOM, BOARD, AND THE BOOKSTORE. 112703163 true true false true false false 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 true true false false false false true false false false true 211 0 true 2888 true true true true NL false false false true true false false false 29 27 false false false false false false false true true false false true true true true true false true true false CA MA X X JOHN DONOHOE 6178248515 120 BOYLSTON STREET BOSTON MA 021164624 E ALEXANDER 2.0 X 0 0 0 K BRIGHT 20.0 X 100000 0 9000 B BROWN 2.0 X 0 0 0 M CARSON 2.0 X 0 0 0 V DI BONA 2.0 X 0 0 0 T FRESTON 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 0 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 S JOHNSON COOK 2.0 X 0 0 0 S LEVY 2.0 X 0 0 0 P MEADE 2.0 X 0 0 0 J MILLER 2.0 X 0 0 0 C MONTAN 2.0 X 0 0 0 M MUTCHNICK 2.0 X 0 0 0 L RASKY 2.0 X 0 0 0 N RYAN 2.0 X 0 0 0 L SALHANY 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 J LIEBERGOTT 40.0 X X 461377 0 64248 D ELLIS 40.0 X 251929 0 41608 L MOORE 40.0 X 231554 0 34996 W GILLIGAN 40.0 X 211800 0 50246 R ASHTON 40.0 X 200935 0 19058 C HUGHES 40.0 X 184176 0 24563 MJ KNOLL FINN 40.0 X 176005 0 38160 J DONOHOE 40.0 X 159182 0 37746 A TIEDMAN 40.0 X 128334 0 29768 J ANDERSEN 40.0 X 169200 0 15228 G NUNES 40.0 X 160407 0 33965 R ZAUFT 40.0 X 149070 0 14924 M SELIG 40.0 X 143867 0 34211 D ROSEN 40.0 X 141300 0 28452 2869136 0 476173 51 false true false ELKUS MANFREDI ARCHITECTS LTD 300 A STREET BOSTON MA 02210 ARCHITECT 741429 KPMG LLP 60 SOUTH STREET BOSTON MA 02111 AUDIT / TAX 242750 SILVERMAN ASSOCIATES INC 106 FARLOW ROAD NEWTON MA 02458 CONSULTING 807671 GOODWIN PROCTOR EXCHANGE PLACE BOSTON MA 02119 LEGAL / REAL ESTATE 393332 MORPHOSIS ARCHITECTS 2041 COLORADO AVENUE SANTA MONICA CA 90404 ARCHITECTURE 3491973 14 30953 93523 4877306 128917 5001782 TUITION & FEES 611710 119733502 119733502 ROOM & BOARD 611710 22490376 22490376 THEATER REVENUE 531390 539330 539330 142763208 1129488 1129488 0 2350000 2350000 1491388 0 734360 757028 0 757028 757028 5264594 0 5059910 204684 0 204684 204684 133714 30953 98106 35608 35608 0 0 0 BOOKSTORE COMMISSION 611710 129054 129054 SUMMER CONFERENCE 531390 650003 650003 MISCELLANEOUS 611710 242275 242275 1000269 1000269 2021601 154263399 143631084 1189333 4441200 0 24316955 24316955 1574652 1574652 0 2437429 1964568 472861 0 42824075 33711219 8114115 998741 3121314 2515779 605535 5700937 4337360 1043980 319597 3520945 2837882 683063 0 309641 309641 242750 242750 77092 77092 0 110987 110987 2086063 1681367 404696 383246 308896 74350 2462047 1984410 477637 1127394 908680 218714 0 1814525 1462507 352018 1579486 1183189 284787 111510 0 0 4584579 3672714 884003 27862 0 11735302 9399258 2262352 73692 2220908 1790052 430856 OTHER FOOD SERVICE 4759530 3836181 923349 OTHER OUTSIDE SERVICES 6199484 4814944 1158932 225608 UTILITIES 4768951 3794249 913256 61446 OTHER PRINTING 937322 675812 162664 98846 RENOVATIONS/CONTRACTS MAINT. 3664441 2821299 679072 164070 3860035 3111190 748845 136420090 112703163 21635555 2081372 1613960 51870570 1822392 1218072 318303 888495 7407896 2524091 405581 415236 543802372 107913655 399027384 435888717 55003551 129174566 0 8042580 1560978 2532572 467160045 632554899 25492613 17700980 11656501 10706697 108647393 236333120 8000000 33000000 3921472 3954307 157717979 301695104 X 286398576 308229103 5886665 4943903 17156825 17686789 309442066 330859795 467160045 632554899 X false true true X true true X false false false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false true 77092 false false 77092 false false LOBBYING PART II-B THE COLLEGE USES THE NATIONAL GROUP, A WASHINGTON DC BASED RELATIONS PARTNERSHIP THAT HELPS THE COLLEGE FOR FUNDING OPPORTUNITIES WITHIN THE US CONGRESS AND THE AGENCIES OF THE GOVERNMENT. 49320359 54276385 4501104 1769540 106328308 60883032 3568050 -13415095 1715628 49320359 0.80000 0.17000 0.03000 false false 63932290 63932290 421949049 71554118 350394931 48895054 36359537 12535517 9025979 9025979 435888717 0 REFUNDABLE ADVANCES GOVT GRANT 1204791 CAPITAL LEASE OBLIGATION 2749516 3954307 154263399 136420090 17843309 3574420 3574420 21417729 158670285 3574420 3574420 155095865 -832466 -832466 154263399 137252556 832466 832466 136420090 136420090 OTHER REVENUE INCLUDED ON RETURN NOT IN FINANCIAL STATEMENTS PART II, LINE 4B RENTAL EXPENSES ($734,360) FUNDRAISING EXPENSES ($98,106) TOTAL ($832,466) OTHER EXPENSES INCLUDED IN FINANCIAL STATEMENTS NOT ON RETURN PART XIII, LINE 2D RENTAL EXPENSES $734,360 FUNDRAISING EXPENSES $98,106 TOTAL $832,466 ENDOWMENT FUNDS 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. true true true THE COLLEGE'S NON DISCRIMINATORY POLICY IS PRINTED IN THE COLLEGE'S ADMISSION CATALOG AND THE COLLEGE'S WEBSITE. true true true true false false false false false false false false true false 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 true Europe (Including Iceland and Greenland) 1 30 Program Services SEMESTER ABROAD CLASS 1748656 1 30 1748656 EMERSON COLLEGE FUNDED SCHOLARSHIPS Europe/Iceland/Greenland 92 1413994 FEDERAL SCHOLARSHIPS Europe/Iceland/Greenland 48 143649 STATE SCHOLARSHIPS Europe/Iceland/Greenland 12 17009 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 HALF-TIME (8 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 STUDENTS TO ENABLE THEM TO EARN MONEY FOR INCIDENTAL AND PERSONAL EXPENSES. AUCTION 121297 24300 96997 38277 18821 2905 7560 GOLF 43370 6653 36717 1100 24311 5132 0 164667 30953 133714 1100 62588 18821 2905 12692 98106 35608 true EMERSON COLLEGE FUNDED SCHOLARSHIPS 22825163 FEDERAL SCHOLARSHIPS 987033 STATE SCHOLARSHIPS 504759 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 HALF-TIME (8 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 STUDENTS TO ENABLE THEM TO EARN MONEY FOR INCIDENTAL AND PERSONAL EXPENSES. X true true X X X X X false true false false false false false false false J LIEBERGOTT 383680 0 0 0 77697 0 29400 0 34848 0 525625 0 0 0 D ELLIS 250768 0 0 0 1161 0 22050 0 19558 0 293537 0 0 0 L MOORE 228430 0 0 0 3124 0 28200 0 6796 0 266550 0 0 0 W GILLIGAN 210295 0 0 0 1505 0 33800 0 16446 0 262046 0 0 0 R ASHTON 200935 0 0 0 0 0 0 0 19058 0 219993 0 0 0 C HUGHES 183730 0 0 0 446 0 16767 0 7796 0 208739 0 0 0 MJ KNOLL FINN 176005 0 0 0 0 0 16714 0 21446 0 214165 0 0 0 J DONOHOE 158796 0 0 0 386 0 19800 0 17946 0 196928 0 0 0 A TIEDMAN 128334 0 0 0 0 0 11954 0 17814 0 158102 0 0 0 J ANDERSEN 169200 0 0 0 0 0 15228 0 0 0 184428 0 0 0 G NUNES 159674 0 0 0 733 0 15019 0 18946 0 194372 0 0 0 R ZAUFT 148438 0 0 0 632 0 13446 0 1478 0 163994 0 0 0 M SELIG 143338 0 0 0 529 0 17765 0 16446 0 178078 0 0 0 D ROSEN 140349 0 0 0 951 0 12968 0 15484 0 169752 0 10000 0 HOUSING ALLOWANCE PART I, QUESTION 1A A HOUSING ALLOWANCE IS PROVIDED TO THE PRESIDENT AS PART OF HER COMPENSATION PACKAGE AND IS INCLUDED IN THE FORM W-2. NON-QUALIFIED SUPPLEMENTAL RETIREMENT PLAN PART I, LINE 4A J LIEBERGOTT, PRESIDENT, PARTICIPATED IN A NON-QUALIFIED SUPPLEMENTAL RETIREMENT PLAN, HOWEVER SHE DID NOT RECEIEVE ANY PAYMENTS FROM THE PLAN DURING FISCAL YEAR 6/30/2010. MDFA 043431814 57584NAQ6 2006-11-30 86527038 DORMS/CLASSROOMS/OFFICES/THEAT false false MDFA 043431814 57583RY74 2010-06-24 124760655 DORMS/ CLASSROOMS/OFFICES/THEATER false false 86527038 0 0 0 687625 80975 85758438 2009 false false true true 124760655 0 14751881 5201398 941526 67272 103798578 2012 true false false true false false false false true 0.00000 0.00000 0.00000 true false false false false true 0.00000 0.00000 0.00000 true true false false true HYPO PUBIC FINANCE B 2.9 true false false false false false false false true SILVERMAN ASSOCIATES FRMR OFFICER R. SILVERMAN 819767 MANAGEMENT CONSULTING FEES false X 9 7875 SALE OF COMPARABLE X 613 FAIR MARKET VALUE X 6889 FAIR MARKET VALUE X 10 84772 MEAN VALUE X 20 8055 FAIR MARKET VALUE X 1 425 FAIR MARKET VALUE X GIFT CARDS - DINING 17 4008 FACE VALUE X TICKETS - TRAVEL 28 16280 FACE VALUE 0 false true true USE OF THIRD PARTY TO SELL NONCASH CONTRIBUTIONS PART I, 32A THE COLLEGE USES A THIRD PARTY BROKERAGE FIRM TO SELL GIFTS OF STOCK UPON RECEIPT. VOLUNTEERS PART I, SUMMARY LINE 6 THE COLLEGE IDENTIFIED THE AREAS AND DEPARTMENTS THAT USE VOLUNTEERS DURING THE TAX YEARS. 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 11A A DRAFT FORM 990 IS GIVEN TO THE AUDIT COMMITTEE, WHICH IS THEN REVIEWED BY THE COMMITTEE MEMBERS. DURING THIS REVIEW, QUESTIONS REGARDING THE DRAFT FORM 990 ARE ANSWERED BY MANAGEMENT. CHANGES ARE MADE IF APPROPRIATE. THE FORM 990 IS PLACED ON A SECURE WEBSITE FOR ALL TRUSTEES TO REVIEW. ALL TRUSTEES ARE EXPECTED TO REVIEW AND FORWARD COMMENTS TO MANAGEMENT WITH ANY QUESTIONS OR ANY INCORRECT INFORMATION. AT THE END OF THE REVIEW PERIOD, CHANGES ARE MADE BY MANAGEMENT WHERE APPROPRIATE. THE FORM IS SIGNED BY THE VICE PRESIDENT OF ADMINISTRATION & FINANCE AND THE PAID PREPARER, AND FILED WITH THE INTERNAL REVENUE SERVICE. 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 VICE PRESIDENT FOR ADMINISTRATION AND FINANCE; 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; AND 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 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 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 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 EACH VICE PRESIDENT. THE ABOVE PROCESS WAS DOCUMENTED IN THE MINUTES OF THE BOARD TRUSTEES MEETING, INCLUDING IDENTIFICATION OF THE BOARD MEMBERS WHO WERE PRESENT AND APPROVED THE COMPENSATIONS, WHICH MINUTES WERE APPROVED AT THE NEXT BOARD OF TRUSTEES MEETING. DURING THE YEAR, NO SALARY INCREASES WERE GIVEN TO OFFICERS. 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. THE COLLEGE DOES NOT CURRENTLY MAKE ITS FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. ADDITIONAL BOND INFORMATION SCHEDULE K, PART I THE PROCEEDS OF BOND B, ISSUED JUNE 24, 2010, INCLUDE THE REFUNDING OF THE 1999 SERIES A BONDS ISSUED FEBRUARY 25, 1999. TFD CHARITABLE REMAINDER UNITRUST 211 NORTH BROADWAY STE 1000 ST LOUIS MO 021164624 207201113 CRUT MA NA TRUST 0 144858 0.68240