2026-05-11T19:56:53-05:00 2025-06-30 991856619 GRANT THORNTON ADVISORS LLC 53 STATE STREET SUITE 1600 BOSTON MA 02109 990 2024-07-01 041286950 EMERSON COLLEGE EMER 6178248500 120 BOYLSTON STREET BOSTON MA 021164624 RICHARD MADONNA VP OF FINANCE AND CFO 6178248500 2026-05-07 1 0 ERIN COUTURE P01390592 6177237900 2024 2025-03-06 01:10:19Z JAY BERNHARDT 120 BOYLSTON STREET BOSTON MA 021164624 538860558 0 X WWW.EMERSON.EDU X 1880 MA TO EDUCATE AND ELEVATE EXTRAORDINARY ARTISTS, COMMUNICATORS, (CONTINUED ON SCHEDULE O)SCHOLARS, AND PROFESSIONALS FOR THE BETTERMENT OF HUMANITY. WE PURSUE THIS MISSION THROUGH WORLD-CLASS TEACHING, PRACTICE, PERFORMANCE, AND DISCOVERY THAT ARE EXPERIENTIAL, INNOVATIVE, AND INCLUSIVE. 28 26 3504 1077 133327 0 7710352 9875044 316526510 302885688 13880816 12435257 7345382 15038921 345463060 340234910 74529404 77837641 0 0 136251480 138653281 0 0 5946548 131728414 132270006 342509298 348760928 2953762 -8526018 1158204287 1162646095 574177978 556693904 584026309 605952191 X SEE SCHEDULE O.EMERSON COLLEGE'S MISSION IS TO EDUCATE AND ELEVATE EXTRAORDINARY ARTISTS, COMMUNICATORS, SCHOLARS, AND PROFESSIONALS FOR THE BETTERMENT OF HUMANITY. WE PURSUE THIS MISSION THROUGH WORLD-CLASS TEACHING, PRACTICE, PERFORMANCE, AND DISCOVERY THAT ARE EXPERIENTIAL, INNOVATIVE, AND INCLUSIVE. 0 0 221251928 77837641 246768799 EMERSON COLLEGE'S MISSION IS TO EDUCATE AND ELEVATE EXTRAORDINARY ARTISTS, COMMUNICATORS, SCHOLARS, AND PROFESSIONALS FOR THE BETTERMENT OF HUMANITY. WE PURSUE THIS MISSION THROUGH WORLD-CLASS TEACHING, PRACTICE, PERFORMANCE, AND DISCOVERY THAT ARE EXPERIENTIAL, INNOVATIVE, AND INCLUSIVE. THE COLLEGE EDUCATES APPROXIMATELY 3,500 UNDERGRADUATE AND 1,300 GRADUATE STUDENTS ANNUALLY - THIS YEAR FROM 50 U.S. STATES, WASHINGTON, D.C., PUERTO RICO, THE US VIRGIN ISLANDS, AND 69 COUNTRIES. THE COLLEGE HAS MORE THAN 600 FULL AND PART-TIME FACULTY. 73017000 0 66117355 AUXILIARY ENTERPRISES PROVIDE SERVICES FOR STUDENTS TO ENSURE THEY ARE APPROPRIATELY SUPPORTED. THESE SERVICES PREDOMINANTLY INCLUDE ROOM, BOARD, AND BOOKSTORE OPERATIONS. THEATRE OPERATIONS ARE ALSO CLASSIFIED AS AN AUXILIARY ENTERPRISE. 294268928 1 1 0 1 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 1 1 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 X 6394 0 1 3504 1 1 1 1 NL 0 0 0 1 1 0 0 0 0 0 0 X 28 26 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 AR CA NH MD MA MI NV NH ND WA X KRISTEN MARGARIDA COULOMBE 6178248426 120 BOYLSTON STREET BOSTON MA 021164621 JAY BERNHARDT PRESIDENT 40.00 0.00 X X 859615 0 190551 ERIC ALEXANDER CHAIR 2.00 0.00 X X 0 0 0 ROBERT MILLER CO-VICE CHAIR 2.00 0.00 X X 0 0 0 SHEILA ROBINSON CO-VICE CHAIR 2.00 0.00 X X 0 0 0 DOUG HERZOG SECRETARY 2.00 0.00 X X 0 0 0 SCOTT GOLDENBERG BOARD MEMBER (THRU 05/25)/TREASURER 2.00 0.00 X X 0 0 0 MICHAEL MACWADE TREASURER (THRU 05/2025) 2.00 0.00 X X 0 0 0 RANDY BARBATO BOARD MEMBER (AS OF 05/2025) 2.00 0.00 X 0 0 0 VIVIAN BEARD BOARD MEMBER 2.00 0.00 X 0 0 0 TRACI BLACKWELL BOARD MEMBER 2.00 0.00 X 0 0 0 KEVIN BRIGHT BOARD MEMBER 2.00 0.00 X 0 0 0 ELLEN CALMAS BOARD MEMBER 2.00 0.00 X 0 0 0 LORENZO DI BONAVENTURA BOARD MEMBER 2.00 0.00 X 0 0 0 BILL GERSH BOARD MEMBER (AS OF 05/2025) 2.00 0.00 X 0 0 0 LIZ DALY GERSH BOARD MEMBER (AS OF 05/2025) 2.00 0.00 X 0 0 0 IRA GOLDSTONE BOARD MEMBER 2.00 0.00 X 0 0 0 SETH GRAHAME-SMITH BOARD MEMBER 2.00 0.00 X 0 0 0 DOUGLAS HOLLOWAY BOARD MEMBER (THRU 05/2025) 2.00 0.00 X 0 0 0 JOSEPH JOHNSON III BOARD MEMBER 2.00 0.00 X 0 0 0 ADELE LIM BOARD MEMBER 2.00 0.00 X 0 0 0 PETER LOGE BOARD MEMBER (AS OF 05/2025) 2.00 0.00 X 0 0 0 KEVIN MCKEON BOARD MEMBER (AS OF 05/2025) 2.00 0.00 X 0 0 0 ANDREA MONTONI BOARD MEMBER 2.00 0.00 X 0 0 0 PAUL J MORRA BOARD MEMBER 2.00 0.00 X 0 0 0 MAX MUTCHNICK BOARD MEMBER 2.00 0.00 X 0 0 0 PATRICIA PEYTON BOARD MEMBER 2.00 0.00 X 0 0 0 SAM PRESTI BOARD MEMBER (AS OF 05/2025) 2.00 0.00 X 0 0 0 STEVEN SAMUELS BOARD MEMBER 2.00 0.00 X 0 0 0 SUSAN NAMM SPENCER BOARD MEMBER 2.00 0.00 X 0 0 0 CATHY WEISS BOARD MEMBER 2.00 0.00 X 0 0 0 PETER ZAMORE BOARD MEMBER (THRU 03/2025) 2.00 0.00 X 0 0 0 CAROLINA AVELLANEDA GENERAL COUNSEL 40.00 0.00 X 301422 0 33332 PAUL DWORKIS VP ADMIN & FIN (THRU 01/2025) 40.00 0.00 X 452976 0 60936 ROBERT J BUTLER JR AVP FIN(THRU 1/25)/INT VP FIN/CFO 40.00 0.00 X 281324 0 69409 ALEXANDRA SOCARIDES PROVOST & VP ACAD AFF (AS OF 07/24) 2.00 0.00 X 271332 0 35206 MATT BOYCE VP FOR ENROLLMENT MGMT (AS OF 07/24) 2.00 0.00 X 212801 0 17124 ALLISON DAWSON VP FOR INSTITUTIONAL ADVANCEMENT 40.00 0.00 X 354187 0 55298 MELISSA RICHARDS VP & CHIEF OF STAFF (THRU 05/2024) 40.00 0.00 X 316916 0 21894 JAN ROBERTS-BRESLIN PROF(THRU 12/24)/DEAN GRAD/PROF STUD 40.00 0.00 X 316103 0 58248 SHAYA GREGORY POKU VP FOR EQUITY & SOCIAL JUSTICE 40.00 0.00 X 284129 0 31716 SPENCER KIMBALL DIR OF POLLING CENTER/ASSOC PROF 40.00 0.00 X 283223 0 47457 3934028 0 621171 284 0 1 0 BON APETIT MANAGEMENT CO 2400 YORKMONT ROAD CHARLOTTE NC 28217 FOOD SERVICES 15542732 2U INC 2345 CRYSTAL DRIVE SUITE 1100 ARLINGTON VA 22202 SOFTWARE (AS SERVICE) PUBLISHER 12382760 SUFFOLK CONSTRUCTION CO INC 65 ALLERTON STREET BOSTON MA 02119 CONSTRUCTION 4563975 WINDWALKER GROUP LLC 529 MAIN ST SUITE P200 BOSTON MA 02129 FACILITIES SUPPORT SERVICES 3092789 COMPASS FACILITY SERVICES INC 65 JACKMAN STREET GEORGETOWN MA 01883 JANITORIAL SERVICES 2401147 87 50500 1193428 8631116 1248628 9875044 TUITION & FEES 611710 246768799 246768799 ROOM & BOARD 611710 54696523 54696523 AUXILIARY - OTHER 611710 1420366 1420366 302885688 12217417 -348168 12565585 2928000 2928000 2508170 894038 1614132 1614132 1614132 197928088 197710248 217840 217840 217840 36190 50500 21362 14828 14828 GAIN ON DEBT DEF. 611710 5456640 5456640 MISCELLANEOUS 611710 4108571 4108571 SUMMER CONFERENCES 531390 916750 435255 481495 10481961 340234910 312886154 133327 17340385 74835431 74835431 3002210 3002210 2987701 448000 2274595 265106 105663033 86177123 16414690 3071220 7110686 5789512 1102764 218410 15214226 11995992 2284951 933283 7677635 6251120 1190690 235825 1158651 1158651 404521 404521 736703 736703 6248869 5273801 973033 2035 1864766 1509055 287440 68271 6959029 4470419 2431968 56642 5272886 4339893 826647 106346 12843303 10495840 1999208 348255 3312459 2665697 507752 139010 1017887 793559 151154 73174 21469657 18034512 3435145 21533402 18088058 3445344 7185207 6035574 1149633 OTHER FOOD SERVICES 14566386 12195338 2322922 48126 OTHER MAINT & EQUIPMENT 12764471 10721828 2042253 390 OTHER SERVICES 7466586 6080723 1158233 227630 DUES AND SUBSCRIPTIONS 1818830 1501767 286051 31012 5646393 3563476 1961104 121813 348760928 294268928 48545452 5946548 18894 19215 120643366 111972993 9508889 5346469 2733084 1759992 466104 349404 5889344 5820783 1085948902 366409448 727267588 719539454 265405144 293769780 9733 30203 26262141 24037802 1158204287 1162646095 44342534 43629426 12593761 16767213 493695649 475165730 23546034 21131535 574177978 556693904 X 497783656 507078332 86242653 98873859 584026309 605952191 1158204287 1162646095 -8526018 30451900 0 X 0 1 X 1 1 1 X 14669799 25041434 8375527 7710352 9875044 65672156 14669799 25041434 8375527 7710352 9875044 65672156 552415 65119741 14650942 7151511 8138114 15943997 18001755 63886319 24310 27725 31120 36190 119345 129677820 1491630044 0.50220 0.53300 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FUNDRAISING EVENTS - 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 24,310. 2022 AMOUNT: $ 27,725. 2023 AMOUNT: $ 31,120. 2024 AMOUNT: $ 36,190. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 41 41 0 PART II-B, LINE 1: SCHEDULE C, PART II REPRESENTS THE PORTION OF ANNUAL DUES INVOLVED IN LOBBYING ACTIVITIES WHICH RELATES TO THE NATIONAL ASSOCIATION OF COLLEGE AND UNIVERSITY BUSINESS OFFICERS AND ITS AFFILIATES ("NACUBO"). THE AMOUNT IS NEGLIGIBLE. THIS REPRESENTS THE ONLY LOBBYING ACTIVITIES OF THE COLLEGE. X 0 264747512 4352312 33619554 9725453 292993925 240725036 784176 32398451 9160151 264747512 224902734 1711462 22991554 8880714 240725036 259626226 1487361 -28117296 8093557 224902734 183295624 23866410 59889154 7424962 259626226 0.70050 0.18110 0.11840 0 0 76066681 76066681 952975592 322298450 630677142 5940310 5459965 480345 46296256 38651033 7645223 4670063 4670063 719539454 CAPITAL LEASE OBLIGATIONS 20989215 REFUNDABLE ADVANCES GOVT GRANT 142320 21131535 X 293027866 30451900 915400 31367300 261660566 736703 77837641 78574344 340234910 271101984 915400 915400 270186584 736703 77837641 78574344 348760928 PART III, LINE 4: THE ARCHIVES & SPECIAL COLLECTIONS AT EMERSON COLLEGE DOCUMENT THE HISTORY OF THE COLLEGE AS WELL AS THE HISTORY OF TOPICS AND ISSUES THAT COMPLEMENT THE COLLEGE'S CURRICULUM. THIS INCLUDES, BUT IS NOT LIMITED TO, COLLECTIONS RELATED TO THE HISTORY OF THEATER, JOURNALISM, AND THE VISUAL ARTS. IT IS ALSO HOME TO THE AMERICAN COMEDY ARCHIVES, WHICH HOLDS COLLECTIONS DOCUMENTING THE LIVES OF GROUNDBREAKING COMEDIC WRITERS, PRODUCERS, PERFORMERS, AND DIRECTORS. THE ITEMS WITHIN THE COLLECTIONS VARY GREATLY, FROM VIDEO GAMES TO ARTWORK. THE COLLEGE COLLECTS, INCLUSIVE, EQUITABLE, AND SOCIALLY JUST MANNER, SO THAT ALL MEMBERS OF THE COLLEGE'S INTERNAL AND EXTERNAL COMMUNITIES CAN SEE THEMSELVES REFLECTED IN THE HISTORICAL RECORD. PART V, LINE 4: ENDOWMENT FUNDS THE COLLEGE'S ENDOWMENT CONSISTS OF APPROXIMATELY 203 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES INCLUDING DONOR RESTRICTED ENDOWMENT FUNDS AND OTHERS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. THE PURPOSE OF THE COLLEGE'S ENDOWMENT 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 TO PROVIDE SUPPORT FOR PROGRAM SERVICES. UNDER THE COLLEGE'S CURRENT LONG-TERM INVESTMENT SPENDING POLICY, WHICH IS WITHIN THE GUIDELINES SPECIFIED UNDER STATE LAW, THE COLLEGE MAY SPEND UP TO 5% OF THE AVERAGE MARKET VALUE OF THE QUALIFYING ENDOWMENT INVESTMENT POOL AT THE END OF THE PREVIOUS FIVE CALENDAR YEARS. PART X, LINE 2: ASC 740 INCOME TAX FOOTNOTE THE COLLEGE IS A NOT-FOR-PROFIT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AS AMENDED (THE "CODE"), AND IS GENERALLY EXEMPT FROM INCOME TAXES PURSUANT TO SECTION 501(A) OF THE CODE. THE COLLEGE IS REQUIRED TO ASSESS UNCERTAIN TAX POSITIONS AND HAS DETERMINED THAT THERE WERE NO SUCH POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 894,038. FUNDRAISING EXPENSES 21,362. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID - EMERSON SCHOLARSHIPS 77,837,641. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 894,038. FUNDRAISING EXPENSES 21,362. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID - EMERSON SCHOLARSHIPS 77,837,641. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE COLLEGE'S NONDISCRIMINATORY POLICY IS AVAILABLE IN THE COLLEGE'S ADMISSION CATALOG AND THE COLLEGE'S WEBSITE. EMERSON COLLEGE ADMITS QUALIFIED STUDENTS REGARDLESS OF RACE, COLOR, RELIGIOUS BELIEFS, NATIONAL AND ETHNIC ORIGIN, SEX, SEXUAL ORIENTATION, GENDER IDENTIY, AGE, OR DISABILITY TO ALL OF THE RIGHTS, PRIVILEGES, PROGRAMS, AND ACTIVITIES GENERALLY ACCORDED OR MADE AVAILABLE TO STUDENTS AT THE COLLEGE. EMERSON COLLEGE DOES NOT UNLAWFULLY DISCRIMINATE ON THE BASIS OF RACE, COLOR, RELIGIOUS BELIEFS, NATIONAL AND ETHNIC ORIGIN, SEX, SEXUAL ORIENTATION, GENDER IDENTITY, AGE, DISABILITY, OR ANY OTHER CATEGORY PROTECTED BY LAW IN THE ADMINISTRATION OF ITS EDUCATIONAL POLICIES, ADMISSION POLICIES, SCHOLARSHIP AND LOAN PROGRAMS, ATHLETIC PROGRAMS, OR OTHER COLLEGE-ADMINISTERED PROGRAMS OR ACTIVITIES. SCHEDULE E, PART I, LINE 6 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. 1 EUROPE (INCLUDING ICELAND & GREENLAND) 1 56 PROGRAM SERVICES SEMESTER ABROAD CLASS 4224985 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 24692305 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS 528772 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GRANTMAKING 3002210 1 56 0 0 1 56 32448272 0 32448272 EMERSON COLLEGE FUNDED SCHOLARSHIPS EUROPE (INCLUDING ICELAND & GREENLAND) 290 3002210 0 1 0 1 1 1 0 PART I, LINE 2: MONITORING THE USE OF GRANT FUNDS OUTSIDE THE U.S. EMERSON COLLEGE AWARDS INSTITUTIONAL FINANCIAL ASSISTANCE PRIMARILY ON THE BASIS OF DEMONSTRATED FINANCIAL NEED. COLLEGE MONITORING OF THE FUNDS INCLUDES DIRECTLY CREDITING AWARDS TO STUDENT ACCOUNTS WHICH ASSURES THAT FUNDS ARE USED FOR THE EDUCATIONAL PURPOSE INTENDED. ALL AID RECIPIENTS MUST MAINTAIN SATISFACTORY ACADEMIC PROGRESS AS OUTLINED IN THE EMERSON COLLEGE STUDENT HANDBOOK. STUDENTS RECEIVING FEDERAL AID MUST HAVE A MINIMUM OF A "C" (2.0) GRADE POINT AVERAGE BY THE END OF THEIR SECOND ACADEMIC YEAR. FINANCIAL AID RECIPIENTS MAY NOT BE IN DEFAULT ON ANY EDUCATION LOANS, OWE A REFUND ON ANY GRANT, OR DEMONSTRATE ANY UNWILLINGNESS TO REPAY AN EDUCATIONAL LOAN. PART I, LINE 3: GRANTMAKING EXPENDITURES FOR SCHOLARSHIPS ARE REPORTED IN COLUMN (F) AT THEIR BOOK VALUE. AMOUNTS SHOWN IN COLUMN (F) FOR INVESTMENTS ARE REPORTED AT THEIR FAIR MARKET VALUE. EXPENDITURES FOR THE SEMESTER ABROAD CLASSES ARE ACCOUNTED FOR UNDER THE ACCRUAL METHOD OF ACCOUNTING. PART IV FOREIGN FILING REQUIREMENTS: THE COLLEGE HAS CERTAIN ALTERNATIVE INVESTMENTS THAT MAY HAVE TRANSFERS TO OR GENERATE OWNERSHIP INTERESTS IN FOREIGN COPRORATIONS OR PARTNERSHIPS. AS SUCH, SCHEDULE F PART IV REFLECTS THESE TRANSFERS AND INTERESTS. THE COLLEGE HAS REVIEWED THESE INVESTMENTS FOR ANY TRANSFERS OR INTERESTS THAT ARE REQUIRED TO BE FURTHER REPORTED ON FORMS 926, 5471, 8621, OR 8865. AK CA MD MA MI NV NH ND WA GOLF TOURNAMENT 86690 50500 36190 3560 10761 5638 1403 86690 50500 36190 3560 10761 5638 1403 21362 14828 1 EMERSON COLEGE FUNDED SCHOLARSHIPS 4416 74835431 PART I, LINE 2 EMERSON COLLEGE AWARDS INSTITUTIONAL FINANCIAL ASSISTANCE PRIMARILY ON THE BASIS OF DEMONSTRATED FINANCIAL NEED. COLLEGE MONITORING OF THE FUNDS INCLUDES DIRECTLY CREDITING AWARDS TO THE STUDENT ACCOUNTS WHICH ASSURES THAT FUNDS ARE USED FOR THE EDUCATION PURPOSE INTENDED. ALL AID RECIPIENTS MUST MAINTAIN SATISFACTORY ACADEMIC PROGRESS AS OUTLINED IN THE EMERSON COLLEGE STUDENT HANDBOOK. STUDENTS RECEIVING FEDERAL AID MUST HAVE A MINIMUM OF A "C" (2.0) GRADE POINT AVERAGE BY THE END OF THEIR SECOND ACADEMIC CAREER. FINANCIAL AID RECIPIENTS MAY NOT BE IN DEFAULT ON ANY EDUCATION LOANS, OWE A REFUND ON ANY GRANT, OR DEMONSTRATE ANY UNWILLINGNESS TO REPAY AN EDUCATIONAL LOAN. X X X X 1 1 X X X 1 0 0 0 0 0 0 1 0 JAY BERNHARDT PRESIDENT 724126 0 108750 0 26739 0 31050 0 159501 0 1050166 0 0 0 PAUL DWORKIS VP ADMIN & FIN (THRU 01/2025) 442787 0 0 0 10189 0 31050 0 29886 0 513912 0 0 0 ALLISON DAWSON VP FOR INSTITUTIONAL ADVANCEMENT 353407 0 0 0 780 0 31050 0 24248 0 409485 0 0 0 JAN ROBERTS-BRESLIN PROF(THRU 12/24)/DEAN GRAD/PROF STUD 278865 0 0 0 37238 0 33414 0 24834 0 374351 0 0 0 ROBERT J BUTLER JR AVP FIN(THRU 1/25)/INT VP FIN/CFO 276319 0 0 0 5005 0 24304 0 45105 0 350733 0 0 0 MELISSA RICHARDS VP & CHIEF OF STAFF (THRU 05/2024) 111392 0 20000 0 185524 0 9150 0 12744 0 338810 0 0 0 CAROLINA AVELLANEDA GENERAL COUNSEL 284242 0 15000 0 2180 0 0 0 33332 0 334754 0 0 0 SPENCER KIMBALL DIR OF POLLING CENTER/ASSOC PROF 280943 0 2000 0 280 0 9240 0 38217 0 330680 0 0 0 SHAYA GREGORY POKU VP FOR EQUITY & SOCIAL JUSTICE 282366 0 0 0 1763 0 26351 0 5365 0 315845 0 0 0 ALEXANDRA SOCARIDES PROVOST & VP ACAD AFF (AS OF 07/24) 194435 0 40000 0 36897 0 15000 0 20206 0 306538 0 0 0 MATT BOYCE VP FOR ENROLLMENT MGMT (AS OF 07/24) 136750 0 40000 0 36051 0 11250 0 5874 0 229925 0 0 0 PART I, LINE 1A FIRST CLASS TRAVEL THE PRESIDENT MAY TRAVEL VIA FIRST CLASS IN ORDER TO CARRY OUT HIS/HER DUTIES AS REQUIRED BY THE COLLEGE. THE PRESIDENT HAS THE AUTHORITY TO APPROVE FIRST CLASS TRAVEL FOR VICE PRESIDENTS WHEN WARRANTED AND WITH PRIOR APPROVAL. SUCH ACCOMMODATIONS FOR THE PRESIDENT AND VICE PRESIDENTS ARE NOT INCLUDED IN TAXABLE WAGES AS THEY ARE PROVIDED FOR THE BENEFIT OF THE COLLEGE. HOUSING & PERSONAL SERVICES AS A CONVENIENCE OF THE EMPLOYER, THE PRESIDENT RESIDED IN HOUSING PROVIDED BY THE COLLEGE. INCLUDED IN THE VALUE OF SCHEDULE J, PART II, COLUMN D IS THE VALUE OF THE HOUSING PROVIDING AND CERTAIN CARETAKING EXPENSES OF THE PROVIDED PROPERTY. TWO LISTED INDIVIDUALS RECEIVED A TAXABLE HOUSING ALLOWANCE. THE BENEFIT WAS TREATED AS TAXABLE COMPENSATION AND REPORTED ON SCHEDULE J PART II COLUMN (B)(III). TAX INDEMNIFICATION AND GROSS-UP PAYMENTS THE COLLEGE PROVIDED CERTAIN PAYMENTS TO EMPLOYEES REPORTED ON SCHEDULE J PART II THAT WERE GROSSED UP FOR TAX PURPOSES. THE BENEFIT WAS TREATED AS TAXABLE COMPENSATION AND REPORTED ON SCHEDULE J PART II COLUMN (B)(III). PART I, LINE 4A SEVERANCE AGREEMENT ONE LISTED INDIVIDUAL SEPARATED FROM THE COLLEGE DURING CALENDAR YEAR 2024. PURSUANT TO THEIR AGREEMENT, THE INDIVIDUAL RECEIVED SEVERANCE IN CALENDAR YEAR 2024. THIS AMOUNT IS INCLUDED IN SCHEDULE J, PART II, COLUMN B(III). PART I, LINE 7 SEVERAL LISTED INDIVIDUALS RECEIVED A NON-FIXED BONUS FOR TRANSITION TIME AND EFFORT. A MDFA SERIES 2015 043431814 57583U7F9 2015-05-14 143055842 CONSTRUCTION OF DORM. & RENOV. 0 0 0 B MDFA SERIES 2016A 043431814 57584XD57 2016-12-06 204166939 RENOVATION OF DORM 0 0 0 C MDFA SERIES 2017A 043431814 57584XU74 2017-09-14 112429423 ADVANCE REFUND OF DEBT 0 0 0 D CMFA SERIES 2017B 201563466 13048T6J7 2017-09-19 62717607 ADVANCE REFUND OF DEBT 0 0 0 A 122020000 143055842 7468507 892053 77471533 57223749 2017 0 1 1 1 B 21020000 204166939 15397662 1185722 187583555 2019 0 0 1 1 C 7660000 112429423 846841 111582582 2017 0 1 1 1 D 1880000 62717607 55416465 523293 6777849 2017 0 1 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 D 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 C 0 0 0 1 0 0 0 0 1 D 0 0 0 1 0 0 0 0 1 A 1 B 1 C 1 D 1 SCHEDULE K THE SERIES 2015 BONDS WERE ISSUED TO REFUND THE COLLEGE'S OUTSTANDING SERIES 2006 DEBT AS WELL AS FINANCE THE CONSTRUCTION OF THE 2 BOYLSTON PLACE DORMITORY. THE SERIES 2017A BONDS WERE ISSUED TO ADVANCE REFUND THE SERIES 2010A DEBT, AND THE COLLEGE FULLY DEFEASED THE REMAINDER OF THE SERIES 2010A ISSUANCE USING OPERATING CASH DURING FISCAL 2018. THE SERIES 2017B BONDS WERE ISSUED TO ADVANCE REFUND SERIES 2011 DEBT. THE SERIES 2025 BONDS WERE ISSUED TO ADVANCE REFUND SERIES 2015 DEBT. PART IV, LINE 2C FOR THE SERIES 2015 ISSUANCE, THE REBATE CALCULATION WAS PERFORMED AS OF JUNE 30, 2018. FOR THE SERIES 2016A AND SERIES 2017A ISSUANCES, THE REBATE CALCULATION WAS PERFORMED AS OF JUNE 30, 2025. FOR THE SERIES 2017B AND SERIES 2018 ISSUANCES, THE REBATE CALCULATION WAS PERFORMED AS OF JUNE 30, 2025. FOR ALL REBATE CALCULATIONS PERFORMED, NO REBATE WAS DUE. A MDFA SERIES 2018 043431814 57584YFK0 2018-11-04 24367428 WORKING CAPITAL 0 0 0 B MDFA SERIES 2025 043431814 57585BDZ8 2025-11-01 93218202 REFINANCE 2015 BONDS 0 0 0 A 940000 24367428 367428 24000000 2018 0 0 1 1 B 93218202 874554 92343648 2025 1 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 1 0 0 0 0 0 1 A 1 B 1 NOT REQUIRED NOT REQUIRED 500 SCHOLARSHIP SCHOLARSHIP X 35 1248628 FAIR MARKET VALUE 1 0 1 0 PART I, COLUMN (B): AMOUNTS IN COLUMN (B) REPRESENT THE NUMBER OF CONTRIBUTIONS RECEIVED. FORM 990, 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 EMPLOYEES. FORM 990, PART V, LINE 1A THE NUMBER FROM 2024 FORM 1096 BOX 3 INCLUDES 5,697 FORMS 1098-T. FORM 990, PART VI, SECTION A, LINE 1A EXECUTIVE COMMITTEE THE BYLAWS DELEGATES GENERAL SUPERVISION OF THE ADMINISTRATION AND PROPERTY OF THE COLLEGE TO AN EXECUTIVE COMMITTEE IN BETWEEN MEETINGS OF THE BOARD OF TRUSTEES. THE EXECUTIVE COMMITTEE INCLUDES TRUSTEES DESIGNATED BY THE CHAIR. FORM 990, PART VI, SECTION A, LINE 2 BOARD MEMBERS BILL GERSH AND LIZ DALY GERSH HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS THE FORM 990 IS PREPARED BY A TAX ADVISORY FIRM WITH INFORMATION PROVIDED BY MANAGEMENT. 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 NECESSARY. THE FORM 990 IS THEN MADE AVAILABLE TO ALL MEMBERS OF THE GOVERNING BODY BEFORE THE FORM IS ELECTRONICALLY FILED WITH THE IRS AND MADE PUBLICLY AVAILABLE. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY THE BY-LAWS OF THE BOARD OF TRUSTEES CONTAINS A WRITTEN CONFLICT OF INTEREST POLICY. MEMBERS OF THE BOARD COMPLETE ANNUAL CONFLICT OF INTEREST QUESTIONNAIRES. A TRUSTEE SHOULD DISCLOSE AN ACTUAL/POTENTIAL CONFLICT TO THE CHAIR (OR VICE-CHAIR) AND GENERAL COUNSEL. AS A BEST PRACTICE, OFFICERS AND KEY EMPLOYEES ALSO ACKNOWLEDGE RECEIPT OF, AND FAMILIARITY WITH THE POLICY, AND COMPLETE AN ANNUAL CONFLICT OF INTEREST QUESTIONNAIRE. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION REVIEW THE PURPOSE OF THE COMPENSATION COMMITTEE IS TO ESTABLISH A FAIR AND APPROPRIATE COMPENSATION PACKAGE FOR THE PRESIDENT. THE COMMITTEE MAY ALSO, UPON REQUEST OF THE PRESIDENT, ADVISE ON COMPENSATION OF THE OTHER HIGHLY COMPENSATED MEMBERS OF THE ADMINISTRATION. THE PRESIDENT MAY NOT ATTEND MEETINGS OF THE COMPENSATION COMMITTEE WHEN THE PRESIDENT'S COMPENSATION IS UNDER CONSIDERATION. ALL COMPENSATION AT THE COLLEGE IS BASED ON COMPARATIVE DATA AND DOCUMENTED EITHER IN BOARD MINUTES OR HUMAN RESOURCES RECORDS. FORM 990, PART VI, SECTION C, LINE 19 PUBLIC INSPECTION EMERSON COLLEGE'S FORM 990 AND 990-T ARE AVAILABLE 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.