Totals
- Total revenue
- $345,463,060
- Total expenses
- $342,509,298
- Contributions and grants received
- $7,710,352
- Grants paid
- $74,529,404
- Program service revenue
- $316,526,510
- Investment income
- $13,880,816
- Other revenue
- $7,345,382
- Total assets, end of year
- $1,158,204,287
- Total liabilities, end of year
- $574,177,978
- Net assets or fund balances, end of year
- $584,026,309
- Program services expenses (Part IX)
- $284,800,298
- Management and general expenses
- $51,780,000
- Fundraising expenses
- $5,929,000
- Program service expenses (Part III)
- $284,800,298
Program services were 83.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$36,500
-
1e · Government grants (contributions)
$2,061,692
-
1f · All other contributions, gifts and grants
$5,612,160
-
1g · Noncash contributions included above
$2,619,876
-
2a · Program service revenue: TUITION & FEES
total $259,371,982 · related or exempt $259,371,982
-
2b · Program service revenue: ROOM & BOARD
total $55,785,445 · related or exempt $55,785,445
-
2c · Program service revenue: AUXILIARY - OTHER
total $1,369,083 · related or exempt $1,369,083
-
3 · Investment income
total $11,219,430 · unrelated business -$71,220 · excluded $11,290,650
-
5 · Royalties
total $2,928,000 · excluded $2,928,000
-
6a · Gross rents
real property $1,725,347
-
6b · Less rental expenses
real property $853,479
-
6c · Rental income or loss
real property $871,868
-
6d · Net rental income or loss
total $871,868 · excluded $871,868
-
7a · Gross sales of assets other than inventory
securities $51,845,592 · other assets $5,975,000
-
7b · Less cost or other basis and sales expenses
securities $51,004,929 · other assets $4,154,277
-
7c · Gain or loss
securities $840,663 · other assets $1,820,723
-
7d · Net gain or loss
total $2,661,386 · excluded $2,661,386
-
8a · Fundraising events: gross income
$31,120
-
8a · Fundraising events: contributions included on line 1c
$36,500
-
8b · Fundraising events: direct expenses
$19,920
-
8c · Net income from fundraising events
total $11,200 · excluded $11,200
-
11a · Other revenue: MISCELLANEOUS
total $3,120,921 · related or exempt $3,120,921
-
11b · Other revenue: SUMMER CONFERENCES
total $413,393 · related or exempt $154,037 · unrelated business $259,356
-
11e · Other revenue, total
$3,534,314
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $72,044,234 · program services $72,044,234
-
3 · Grants to foreign organizations and individuals
total $2,485,170 · program services $2,485,170
-
5 · Compensation of officers, directors and key employees
total $1,664,483 · program services $331,196 · management and general $1,108,360 · fundraising $224,927
-
6 · Compensation of disqualified persons
total $91,175 · management and general $63,823 · fundraising $27,352
-
7 · Other salaries and wages
total $102,768,631 · program services $83,220,174 · management and general $16,981,273 · fundraising $2,567,184
-
8 · Pension plan contributions
total $6,543,202 · program services $5,284,364 · management and general $1,082,340 · fundraising $176,498
-
9 · Other employee benefits
total $18,095,504 · program services $14,346,627 · management and general $2,938,466 · fundraising $810,411
-
10 · Payroll taxes
total $7,088,485 · program services $5,724,742 · management and general $1,172,537 · fundraising $191,206
-
11b · Fees: legal
total $629,377 · management and general $629,377
-
11c · Fees: accounting
total $337,007 · management and general $337,007
-
11f · Fees: investment management
total $637,962 · management and general $637,962
-
11g · Fees: other
total $6,070,425 · program services $5,033,814 · management and general $1,031,022 · fundraising $5,589
-
12 · Advertising and promotion
total $2,530,585 · program services $1,892,918 · management and general $387,706 · fundraising $249,961
-
13 · Office expenses
total $7,842,082 · program services $3,392,051 · management and general $4,389,457 · fundraising $60,574
-
14 · Information technology
total $4,526,532 · program services $3,663,807 · management and general $750,418 · fundraising $112,307
-
16 · Occupancy
total $11,898,199 · program services $9,379,008 · management and general $1,921,001 · fundraising $598,190
-
17 · Travel
total $3,557,178 · program services $2,849,299 · management and general $583,591 · fundraising $124,288
-
19 · Conferences, conventions and meetings
total $1,351,225 · program services $1,049,889 · management and general $215,038 · fundraising $86,298
-
20 · Interest
total $21,713,551 · program services $18,022,247 · management and general $3,691,304
-
22 · Depreciation, depletion and amortization
total $20,974,718 · program services $17,409,016 · management and general $3,565,702
-
23 · Insurance
total $7,630,796 · program services $6,333,561 · management and general $1,297,235
-
24a · Other expenses: OTHER FOOD SERVICES
total $14,311,026 · program services $11,641,886 · management and general $2,384,482 · fundraising $284,658
-
24b · Other expenses: OTHER MAINT & EQUIPMENT
total $13,306,662 · program services $11,044,529 · management and general $2,262,133
-
24c · Other expenses: OTHER SERVICES
total $7,606,668 · program services $6,232,851 · management and general $1,276,608 · fundraising $97,209
-
24d · Other expenses: DUES AND SUBSCRIPTIONS
total $1,767,892 · program services $1,441,950 · management and general $295,339 · fundraising $30,603
-
24e · All other expenses
total $5,036,529 · program services $1,976,965 · management and general $2,777,819 · fundraising $281,745
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $426,770 · end of year $18,894
-
2 · Savings and temporary cash investments
beginning of year $124,900,539 · end of year $120,643,366
-
3 · Pledges and grants receivable
beginning of year $3,914,078 · end of year $9,508,889
-
4 · Accounts receivable
beginning of year $2,343,901 · end of year $2,733,084
-
7 · Other notes and loans receivable
beginning of year $637,520 · end of year $466,104
-
9 · Prepaid expenses and deferred charges
beginning of year $5,737,946 · end of year $5,889,344
-
10a · Land, buildings and equipment: cost or other basis
$1,072,143,632
-
10b · Land, buildings and equipment: accumulated depreciation
$344,876,044
-
10c · Land, buildings and equipment, net
beginning of year $733,456,705 · end of year $727,267,588
-
11 · Investments: publicly traded securities
beginning of year $241,286,721 · end of year $265,405,144
-
12 · Investments: other securities
beginning of year $40 · end of year $9,733
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $30,137,336 · end of year $26,262,141
-
17 · Accounts payable and accrued expenses
beginning of year $42,462,895 · end of year $44,342,534
-
19 · Deferred revenue
beginning of year $18,992,150 · end of year $12,593,761
-
20 · Tax-exempt bond liabilities
beginning of year $506,450,174 · end of year $493,695,649
-
25 · Other liabilities
beginning of year $24,116,785 · end of year $23,546,034
-
27 · Net assets without donor restrictions
beginning of year $471,115,230 · end of year $497,783,656
-
28 · Net assets with donor restrictions
beginning of year $79,704,322 · end of year $86,242,653
Mission and programs · 2023
Mission
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.
Activities or mission (Part I)
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.
-
EMERSON COLLEGE PROVIDES UNDERGRADUATE AND GRADUATE PROGRAMS CHALLENGING 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. THE COLLEGE EDUCATES APPROXIMATELY 4,200 UNDERGRADUATE AND 1,600 GRADUATE STUDENTS ANNUALLY - THIS YEAR FROM 50 U.S. STATES, WASHINGTON, D.C., PUERTO RICO, THE US VIRGIN ISLANDS, AND 79 COUNTRIES. THE COLLEGE HAS MORE THAN 600 FULL AND PART-TIME FACULTY.
Expenses $212,179,298 · Grants $74,529,404 · Revenue $259,371,982
-
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.
Expenses $72,621,000 · Revenue $60,429,486
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Jay BernhardtJAY BERNHARDT
PRESIDENT
- Total calculated
- $657,643
- From this org
- $512,601
- From related orgs
- $0
- Other
- $145,042
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $415,027
- Bonus
- $75,000
- Other
- $22,574
- Deferred
- $29,700
- Nontaxable benefits
- $115,342
- Filer's total
- $657,643
-
Eric AlexanderERIC ALEXANDER
CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Kevin BrightKEVIN BRIGHT
CO-VICE CHAIR (THRU 5/24)/BOARD MEM
- Total calculated
- $0
- Hours/week
- 2
-
Douglas HollowayDOUGLAS HOLLOWAY
CO-VICE CHAIR (THRU 5/24)/BOARD MEM
- Total calculated
- $0
- Hours/week
- 2
-
Ellen CalmasELLEN CALMAS
TREASURER (THRU 5/24)/BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Robert MillerROBERT MILLER
SECRETARY (THRU 5/24)/CO-VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Sheila RobinsonSHEILA ROBINSON
BOARD MEM(THRU 5/24)/CO-VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Doug HerzogDOUG HERZOG
BOARD MEM(THRU 5/24)/SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Michael MacwadeMICHAEL MACWADE
BOARD MEMBER (THRU 5/24)/TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Vivian BeardVIVIAN BEARD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Traci BlackwellTRACI BLACKWELL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Dena DavisDENA DAVIS
BOARD MEMBER (THRU 03/2024)
- Total calculated
- $0
- Hours/week
- 2
-
Vincent J Di BonaVINCENT J DI BONA
BOARD MEMBER (THRU 05/2024)
- Total calculated
- $0
- Hours/week
- 2
-
Lorenzo Di BonaventuraLORENZO DI BONAVENTURA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Robert FriendROBERT FRIEND
BOARD MEMBER (THRU 05/2024)
- Total calculated
- $0
- Hours/week
- 2
-
Scott GoldenbergSCOTT GOLDENBERG
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Ira GoldstoneIRA GOLDSTONE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Seth Grahame-SmithSETH GRAHAME-SMITH
BOARD MEMBER (AS OF 05/2024)
- Total calculated
- $0
- Hours/week
- 2
-
Jeffrey D GreenhawtJEFFREY D GREENHAWT
BOARD MEMBER (THRU 05/2024)
- Total calculated
- $0
- Hours/week
- 2
-
Albert M JaffeALBERT M JAFFE
BOARD MEMBER (THRU 05/2024)
- Total calculated
- $0
- Hours/week
- 2
-
Joseph Johnson IIIJOSEPH JOHNSON III
BOARD MEMBER (AS OF 05/2024)
- Total calculated
- $0
- Hours/week
- 2
-
Adele LimADELE LIM
BOARD MEMBER (AS OF 05/2024)
- Total calculated
- $0
- Hours/week
- 2
-
Michael MaraMICHAEL MARA
BOARD MEMBER (THRU 01/2024)
- Total calculated
- $0
- Hours/week
- 2
-
Andrea MontoniANDREA MONTONI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Paul J MorraPAUL J MORRA
BOARD MEMBER (AS OF 05/2024)
- Total calculated
- $0
- Hours/week
- 2
-
Max MutchnickMAX MUTCHNICK
BOARD MEMBER (AS OF 05/2024)
- Total calculated
- $0
- Hours/week
- 2
-
Patricia PeytonPATRICIA PEYTON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Nate PuseyNATE PUSEY
BOARD MEMBER (THRU 05/2024)
- Total calculated
- $0
- Hours/week
- 2
-
Steven SamuelsSTEVEN SAMUELS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Raj SharmaRAJ SHARMA
BOARD MEMBER (THRU 05/2024)
- Total calculated
- $0
- Hours/week
- 2
-
Susan Namm SpencerSUSAN NAMM SPENCER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Cathy WeissCATHY WEISS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Peter ZamorePETER ZAMORE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Marillyn ZacharisMARILLYN ZACHARIS
BOARD MEMBER (THRU 05/2024)
- Total calculated
- $0
- Hours/week
- 2
-
Paul DworkisPAUL DWORKIS
VP FOR ADMINISTRATION AND FINANCE
- Total calculated
- $516,968
- From this org
- $456,992
- From related orgs
- $0
- Other
- $59,976
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $427,086
- Bonus
- $0
- Other
- $29,906
- Deferred
- $29,700
- Nontaxable benefits
- $30,276
- Filer's total
- $516,968
-
Jan Roberts-BreslinJAN ROBERTS-BRESLIN
INT. PROVOST & VP FOR ACADEMIC AFF.
- Total calculated
- $384,147
- From this org
- $325,429
- From related orgs
- $0
- Other
- $58,718
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $315,499
- Bonus
- $0
- Other
- $9,930
- Deferred
- $33,306
- Nontaxable benefits
- $25,412
- Filer's total
- $384,147
-
Carolina AvellanedaCAROLINA AVELLANEDA
GENERAL COUNSEL (AS OF 03/2024)
- Total calculated
- $0
- Hours/week
- 40
-
William GilliganWILLIAM GILLIGAN
FORMER INTERIM PRESIDENT
- Total calculated
- $487,438
- From this org
- $463,837
- From related orgs
- $0
- Other
- $23,601
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $249,683
- Bonus
- $0
- Other
- $214,154
- Deferred
- $22,500
- Nontaxable benefits
- $1,101
- Filer's total
- $487,438
-
David Christopher HowseDAVID CHRISTOPHER HOWSE
VP, OFFICE OF THE ARTS(THRU 11/2023)
- Total calculated
- $460,705
- From this org
- $428,403
- From related orgs
- $0
- Other
- $32,302
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $367,967
- Bonus
- $25,000
- Other
- $35,436
- Deferred
- $29,700
- Nontaxable benefits
- $2,602
- Filer's total
- $460,705
-
Spencer KimballSPENCER KIMBALL
DIR OF POLLING CENTER/ASSOC PROF
- Total calculated
- $318,488
- From this org
- $275,371
- From related orgs
- $0
- Other
- $43,117
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $275,131
- Bonus
- $0
- Other
- $240
- Deferred
- $8,205
- Nontaxable benefits
- $34,912
- Filer's total
- $318,488
-
Shaya Gregory PokuSHAYA GREGORY POKU
VP FOR EQUITY & SOCIAL JUSTICE
- Total calculated
- $284,124
- From this org
- $270,028
- From related orgs
- $0
- Other
- $14,096
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $268,280
- Bonus
- $0
- Other
- $1,748
- Deferred
- $10,434
- Nontaxable benefits
- $3,662
- Filer's total
- $284,124
-
Robert J Butler JrROBERT J BUTLER JR
ASSOCIATE VICE PRESIDENT, FINANCE
- Total calculated
- $305,805
- From this org
- $259,457
- From related orgs
- $0
- Other
- $46,348
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $255,528
- Bonus
- $0
- Other
- $3,929
- Deferred
- $23,288
- Nontaxable benefits
- $23,060
- Filer's total
- $305,805
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 1a · First-class or charter travel
- 1a · Tax indemnification and gross-up payments
- 1a · Housing allowance or residence for personal use
- 1a · Personal services (maid, chauffeur, chef)
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Form 990 of other organizations
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 4b · Supplemental nonqualified retirement plan
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
- 9 · Followed the rebuttable-presumption procedure
Answered no
- 4a · Severance or change-of-control payment
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
The filer's explanations (Part III)
- 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 LEASED 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 LEASED PROPERTY. ONE LISTED INDIVIDUAL 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 4B
- LINE 4B: WILLIAM GILLIGAN RECEIVED PAYMENT FROM A NON-QUALIFIED DEFERRED COMPENSATION ARRANGEMENT IN 2023. THIS IS INCLUDED ON SCHEDULE J, PART II, COLUMN BIII AND COLUMN F.
- PART I, LINE 7
- ONE LISTED INDIVIDUAL RECEIVED A NON-FIXED BONUS FOR TRANSITION TIME AND EFFORT APPROVED BY THE INTERIM PRESIDENT.
- PART I, LINE 8
- THE INDIVIDUAL'S INITIAL CONTACT INCLUDED A FIXED BONUS PAYMENT.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202511349349301146
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