Form 990 for tax year 2023
Filed by STERLING & FRANCINE CLARK ART INST.
Totals
- Total revenue
- $27,133,279
- Total expenses
- $34,235,671
- Contributions and grants received
- $24,558,498
- Grants paid
- $369,429
- Program service revenue
- $1,570,080
- Investment income
- $934,556
- Other revenue
- $70,145
- Total assets, end of year
- $691,565,316
- Total liabilities, end of year
- $81,066,421
- Net assets or fund balances, end of year
- $610,498,895
- Program services expenses (Part IX)
- $26,175,875
- Management and general expenses
- $5,567,195
- Fundraising expenses
- $2,492,601
- Program service expenses (Part III)
- $26,175,875
Program services were 76.5% 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.
-
1b · Membership dues
$1,281,573
-
1e · Government grants (contributions)
$190,000
-
1f · All other contributions, gifts and grants
$23,086,925
-
1g · Noncash contributions included above
$240,980
-
2a · Program service revenue: MUSEUM PROGRAMS
total $1,566,330 · related or exempt $1,566,330
-
2b · Program service revenue: EDUCATION
total $3,750 · related or exempt $3,750
-
3 · Investment income
total $949,328 · excluded $949,328
-
7a · Gross sales of assets other than inventory
securities $404,449
-
7b · Less cost or other basis and sales expenses
securities $419,221
-
7c · Gain or loss
securities -$14,772
-
7d · Net gain or loss
total -$14,772 · excluded -$14,772
-
10a · Gross sales of inventory
$1,175,989
-
10b · Cost of goods sold
$1,105,844
-
10c · Net income from sales of inventory
total $70,145 · unrelated business $70,145
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $5,000 · program services $5,000
-
2 · Grants to domestic individuals
total $364,429 · program services $364,429
-
5 · Compensation of officers, directors and key employees
total $1,142,699 · management and general $749,234 · fundraising $393,465
-
7 · Other salaries and wages
total $7,908,910 · program services $5,906,212 · management and general $1,237,537 · fundraising $765,161
-
8 · Pension plan contributions
total $542,645 · program services $404,906 · management and general $87,101 · fundraising $50,638
-
9 · Other employee benefits
total $1,382,367 · program services $985,266 · management and general $269,820 · fundraising $127,281
-
10 · Payroll taxes
total $619,990 · program services $414,493 · management and general $130,834 · fundraising $74,663
-
11a · Fees: management
total $401,786 · program services $393,903 · management and general $7,883
-
11b · Fees: legal
total $178,497 · program services $116,661 · management and general $9,550 · fundraising $52,286
-
11c · Fees: accounting
total $107,245 · management and general $107,245
-
11e · Fees: professional fundraising services
total $254,190 · fundraising $254,190
-
11f · Fees: investment management
total $1,046,651 · management and general $1,046,651
-
11g · Fees: other
total $273,407 · program services $258,782 · management and general $14,625
-
12 · Advertising and promotion
total $457,947 · program services $447,916 · management and general $10,031
-
13 · Office expenses
total $485,567 · program services $275,561 · management and general $174,638 · fundraising $35,368
-
14 · Information technology
total $473,255 · program services $207,302 · management and general $216,743 · fundraising $49,210
-
15 · Royalties
total $23,204 · program services $23,204
-
16 · Occupancy
total $3,071,103 · program services $2,767,083 · management and general $242,090 · fundraising $61,930
-
17 · Travel
total $322,431 · program services $172,142 · management and general $123,806 · fundraising $26,483
-
19 · Conferences, conventions and meetings
total $1,067,180 · program services $550,742 · management and general $84,913 · fundraising $431,525
-
20 · Interest
total $2,558,902 · program services $2,558,902
-
22 · Depreciation, depletion and amortization
total $7,003,291 · program services $6,629,253 · management and general $297,845 · fundraising $76,193
-
23 · Insurance
total $579,693 · program services $270,080 · management and general $309,613
-
24a · Other expenses: SECURITY SERVICES
total $1,765,927 · program services $1,759,074 · management and general $970 · fundraising $5,883
-
24b · Other expenses: EXHIBITIONS/OTHER PROG
total $1,099,363 · program services $1,099,363
-
24c · Other expenses: OTHER CONTRACTED SVCS
total $540,728 · program services $43,582 · management and general $446,066 · fundraising $51,080
-
24d · Other expenses: PRINTING/PUBLICATIONS
total $435,034 · program services $397,789 · fundraising $37,245
-
24e · All other expenses
total $124,230 · program services $124,230
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $2,925,915 · end of year $2,890,872
-
3 · Pledges and grants receivable
beginning of year $1,396,574 · end of year $10,423,292
-
4 · Accounts receivable
beginning of year $734,090 · end of year $896,834
-
7 · Other notes and loans receivable
beginning of year $123,895 · end of year $113,757
-
8 · Inventories for sale or use
beginning of year $366,986 · end of year $403,470
-
9 · Prepaid expenses and deferred charges
beginning of year $382,049 · end of year $294,979
-
10a · Land, buildings and equipment: cost or other basis
$259,321,471
-
10b · Land, buildings and equipment: accumulated depreciation
$86,283,577
-
10c · Land, buildings and equipment, net
beginning of year $177,983,975 · end of year $173,037,894
-
12 · Investments: other securities
beginning of year $460,184,831 · end of year $491,218,498
-
15 · Other assets
beginning of year $13,593,222 · end of year $12,285,720
-
17 · Accounts payable and accrued expenses
beginning of year $3,107,548 · end of year $4,035,690
-
20 · Tax-exempt bond liabilities
beginning of year $78,693,433 · end of year $75,990,656
-
25 · Other liabilities
beginning of year $929,255 · end of year $1,040,075
-
27 · Net assets without donor restrictions
beginning of year $405,597,939 · end of year $417,595,870
-
28 · Net assets with donor restrictions
beginning of year $169,363,362 · end of year $192,903,025
Mission and programs · 2023
Mission
SEE SCHEDULE O FOR THE ORGANIZATION'S MISSION STATEMENT.PLEASE SEE DESCRIPTION FOR PART I, LINE 1, ABOVE.
Activities or mission (Part I)
IN 1950, STERLING AND FRANCINE CLARK CHARTERED THE STERLING AND FRANCINE CLARK ART INSTITUTE AS A HOME FOR THEIR EXTENSIVE ART COLLECTION. OPENED TO THE PUBLIC IN 1955, THE INSTITUTE HAS BUILT UPON THIS EXTRAORDINARY GROUP OF WORKS TO BECOME ONE OF THE MOST BELOVED AND RESPECTED ART MUSEUMS IN THE WORLD, KNOWN FOR ITS INTIMATE GALLERIES AND STUNNING NATURAL ENVIRONMENT. ONE OF THE FEW INSTITUTIONS IN THE UNITED STATES THAT COMBINES A PUBLIC ART MUSEUM WITH RESEARCH AND ACADEMIC PROGRAMS, INCLUDING A MAJOR ART HISTORY LIBRARY, THE CLARK IS A LEADING INTERNATIONAL CENTER FOR RESEARCH AND DISCUSSION ON THE NATURE OF ART AND ART HISTORY.
-
SEE SCHEDULE O FOR RESEARCH AND ACADEMIC PROGRAMS ACCOMPLISHMENTS.RESEARCH AND ACADEMIC PROGRAM ACCOMPLISHMENTS - AS AN INTERNATIONAL CENTER FOR HIGHER LEARNING, THE CLARK IS DRIVEN BY A STRONG COMMITMENT TO THE GENERATION OF IDEAS AND A DISTINCT FOCUS ON EDUCATION. THE CLARK'S RESEARCH AND ACADEMIC PROGRAM ENCOURAGES FRESH APPROACHES TO ADVANCING CRITICAL PERSPECTIVES IN THE VISUAL ARTS. CLARK FELLOWS - CONSIDERED TO BE PROMISING AND ESTABLISHED SCHOLARS AND PRACTITIONERS IN THE VISUAL ARTS - FOSTER INTELLECTUAL DIALOGUE AND INQUIRY IN THE THEORY, HISTORY, AND INTERPRETATION OF VISUAL CULTURE. CONFERENCES, SYMPOSIA, A PODCAST, AND ONLINE LECTURES FOCUS ON VITAL TOPICS IN THE FIELD AND ADDRESS QUESTIONS THAT CONTRIBUTE TO A BROADER PUBLIC UNDERSTANDING OF THE ROLE OF VISUAL CULTURE. THE CLARK'S ART RESEARCH LIBRARY, ONE OF THE LARGEST IN THE COUNTRY, SERVES BOTH SCHOLARS AND THE PUBLIC. SINCE ITS INCEPTION IN THE EARLY 1960S, THE LIBRARY COLLECTION HAS GROWN FROM ITS BASE - THE ROBERT STERLING CLARK COLLECTION OF ILLUSTRATED RARE BOOKS - TO ENCOMPASS SOME 297,000 VOLUMES IN OVER 130 LANGUAGES. THE LIBRARY'S OPEN AND CLOSED STACKS AND PROFESSIONAL STAFF ENSURE THAT MATERIALS ARE READILY AVAILABLE TO ALL PATRONS. IN COOPERATION WITH WILLIAMS COLLEGE, THE CLARK OFFERS A MASTERS' PROGRAM IN THE HISTORY OF ART, CONSIDERED TO BE ONE OF THE FINEST IN THE COUNTRY. THE PROGRAM DRAWS UPON THE RICH RESOURCES OF THE CLARK AND WILLIAMS TO PREPARE GRADUATE STUDENTS FOR RESEARCH AND FURTHER STUDY IN THE ACADEMIC AND MUSEUM WORLDS.
Expenses $5,519,161 · Grants $369,429
-
SEE SCHEDULE O FOR MUSEUM PROGRAM ACCOMPLISHMENTS.MUSEUM PROGRAM ACCOMPLISHMENTS: SINCE ITS FOUNDING IN 1950, THE CLARK'S COLLECTION HAS CONTINUED TO GROW, NOW CONSISTING OF OVER 10,000 OBJECTS, INCLUDING OVER 500 PAINTINGS AND SIGNIFICANT HOLDINGS OF WORKS ON PAPER AND DECORATIVE ARTS. THE COLLECTION FEATURES EUROPEAN AND AMERICAN PAINTINGS, SCULPTURE, PRINTS, DRAWINGS, PHOTOGRAPHS, AND DECORATIVE ARTS FROM THE RENAISSANCE TO THE EARLY TWENTIETH CENTURY. THE COLLECTION IS ESPECIALLY RICH IN FRENCH IMPRESSIONIST AND ACADEMIC PAINTINGS, BRITISH OIL SKETCHES, DRAWINGS, AND SILVER, AND THE WORK OF AMERICAN ARTISTS WINSLOW HOMER, GEORGE INNESS, AND JOHN SINGER SARGENT. BASED ON THE FOUNDING GIFT FROM STERLING AND FRANCINE CLARK, THE COLLECTION HAS EXPANDED OVER THE YEARS THROUGH NUMEROUS ACQUISITIONS AS WELL AS SIGNIFICANT GIFTS AND BEQUESTS, INCLUDING THE GIFT OF SIR EDWIN AND LADY MANTON COLLECTION OF BRITISH ART AND THE GIFT OF GEORGE INNESS PAINTINGS BY FRANK AND KATHERINE MARTUCCI.THE CLARK ALSO ORGANIZES SPECIAL EXHIBITIONS IN COOPERATION WITH LEADING MUSEUMS IN THE UNITED STATES AND EUROPE. RECENT EXHIBITIONS INCLUDE: WALL POWER!-MODERN FRENCH TAPESTRY FROM THE MOBILIER NATIONAL, PARIS (WINTER 2024/WINTER 2025), MARIEL CAPANNA: GIORNATA (2025), PASTORAL ON PAPER (SPRING/SUMMER 2025); EDGAR DEGAS-MULTI-MEDIA ARTIST IN THE AGE OF IMPRESSIONISM (SUMMER/FALL 2024), FRAGILE BEAUTY: TREASURES FROM THE CORNING MUSEUM OF GLASS (SUMMER/FALL 2024), GUILLAUME LETHIERE (SUMMER/FALL 2024), KATHIA ST. HILAIRE: INVISIBLE EMPIRES (SPRING/SUMMER 2024), DAVID-JEREMIAH: I DRIVE THEE (WINTER 2024/WINTER 2025), ABELARDO MORELL: IN THE COMPANY OF MONET AND CONSTABLE (FALL 2024/WINTER 2025) AND EDVARD MUNCH: TREMBLING EARTH (SUMMER 2023/FALL 2023). UPCOMING EXHIBITIONS INCLUDE: A ROOM OF HER OWN: WOMEN ARTISTS IN BRITAIN, 1875-1945 (SUMMER/FALL 2025), GROUND/WORK 2025 (SUMMER 2025/SUMMER 2026), ISAMU NOGUCHI: LANDSCAPES OF TIME (SUMMER 2025), AND BERNICE ABBOTT'S MODERN LENS (SUMMER 2025).MAJOR EXHIBITIONS ARE AUGMENTED BY WEB-BASED MICROSITES, GENERAL AND CUSTOMIZED GALLERY TALKS, MULTIMEDIA GUIDES, IN-GALLERY INTERPRETIVE MATERIALS, LECTURES, AND FILM SERIES. SEASONAL COMMUNITY DAYS, SUMMER OUTDOOR CONCERTS AND MOVIES, FALL AND WINTER ART COURSES, AND MUSIC PERFORMANCES FURTHER THE CLARK'S EFFORT TO INVOLVE INTERGENERATIONAL AUDIENCES AND SUPPORT LIFELONG LEARNING. THE CLARK HAS A ROBUST DIGITAL PROGRAMMING INITIATIVE INCLUDING LIVESTREAMED AND PRE-RECORDED PROGRAMS ENCOMPASSING LECTURES, CONVERSATIONS WITH ARTISTS AND ART HISTORIANS, AND MUSICAL PERFORMANCES; EDUCATION PROGRAMS AND ACTIVITY SHEETS; AND A PODCAST SERIES. CLARK SOCIAL MEDIA PLATFORMS HAVE A COMBINED FOLLOWING OF MORE THAN 100,000, AND THE CLARK WEBSITE RECEIVES MORE THAN 1.8 MILLION UNIQUE PAGEVIEWS ANNUALLY.SPECIAL EFFORTS TO ENHANCE ACCESS TO THE CLARK INCLUDE FREE ADMISSION FOR CHILDREN AND STUDENTS AT ALL TIMES, A FREE PASS PROGRAM OFFERED THROUGH OVER 140 REGIONAL LIBRARIES, AND PARTICIPATION IN THE CARD-TO-CULTURE PROGRAM, WHICH PROVIDES FREE ADMISSION TO ANYONE WITH AN EBT CARD, AS WELL AS PROVIDING FREE ADMISSION TO ACTIVE MEMBERS OF THE MILITARY, AND MASSACHUSETTS TEACHERS. THREE FOR FREE (FREE ADMISSION FOR ALL) IS OFFERED IN JANUARY-MARCH, FIRST SUNDAYS FREE, HELD OCTOBER-MAY, AS WELL AS COMMUNITY DAY, AND OTHER SPECIAL COMMUNITY PROGRAMMING ARE ALL EXAMPLES OF FREE EVENTS WHICH INCLUDE MUSEUM ADMISSION, FAMILY-FRIENDLY GALLERY TOURS, PERFORMANCES, AND HANDS-ON ACTIVITIES WHICH ATTRACT SOME 20,000 VISITORS ANNUALLY, INCLUDING MANY LOCAL FAMILIES WHO WOULD OTHERWISE NOT VISIT.
Expenses $19,126,110 · Revenue $1,566,330
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SEE SCHEDULE O FOR EDUCATIONAL PROGRAM ACCOMPLISHMENTS.EDUCATIONAL PROGRAM ACCOMPLISHMENTS: THE CLARK CONDUCTS A FULL SERIES OF EDUCATIONAL PROGRAMS FOR THE GENERAL PUBLIC DESIGNED TO ENCOURAGE A WIDE RANGE OF AUDIENCES TO EXPLORE, UNDERSTAND, AND ENJOY THE VISUAL ARTS IN GENERAL AND THE CLARK'S COLLECTIONS IN PARTICULAR. THESE OFFERINGS INCLUDE GUIDED GALLERY TOURS, FAMILY ACTIVITY GUIDES, AND COMMUNITY EVENTS DESIGNED FOR DIFFERENT AGES AND STAGES. DIGITAL AND WEB-BASED PROGRAMMING IS CREATED FOR GENERAL AUDIENCES AND SCHOOL AUDIENCES (INCLUDING CURRICULAR SUPPORT RESOURCES); THESE PROGRAMS ARE UPDATED REGULARLY. TWO INTERACTIVE INSTALLATIONS FOR INDEPENDENT VISITOR ACTIVITY AND LEARNING WERE DEVELOPED, INCLUDING ART/LAB, A SPACE THAT ENCOURAGES EXPLORATION OF A VARIETY OF ART CONCEPTS FOR ALL AGES AND A POSTCARD STATION, WHERE PEOPLE CAN MAKE, WRITE AND SEND A POSTCARD FEATURING THE CLARK TO SOMEONE THEY KNOW. THE CLARK'S PEDAGOGY EMPHASIZES INTERACTIVE ENGAGEMENT AND CONVERSATION RATHER THAN THE MORE TRADITIONAL ONE-WAY FLOW OF INFORMATION FROM PRESENTER TO AUDIENCE. THIS ENGAGEMENT APPROACH IS DESIGNED TO BE FLEXIBLE, SO AS TO RESPOND TO THE DIFFERENT NEEDS AND DESIRES OF DIFFERENT AUDIENCES, AND IT ENCOURAGES CULTURAL, SOCIAL, AND HISTORICAL AWARENESS THAT CARRIES BEYOND A PARTICULAR WORK OF ART AND/OR ANY ONE PERSPECTIVE. THE CLARK'S GOAL IS TO PROVIDE A DYNAMIC AND MEANINGFUL EXPERIENCE FOR THE MUSEUM VISITOR.
Expenses $1,530,604 · Revenue $3,750
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
MAUD S MANDEL
WILLIAMS COLLEGE, EX OFFICIO
- Total calculated
- $891,763
- From this org
- $0
- From related orgs
- $674,852
- Other
- $216,911
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $660,350 related
- Bonus
- $0
- Other
- $0 + $14,502 related
- Deferred
- $0 + $137,194 related
- Nontaxable benefits
- $0 + $79,717 related
- Filer's total
- $0 + $891,763 related
-
OLIVIER B MESLAY
DIRECTOR & EX OFFICIO
- Total calculated
- $679,431
- From this org
- $514,323
- From related orgs
- $0
- Other
- $165,108
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $428,317
- Bonus
- $65,000
- Other
- $21,006
- Deferred
- $153,000
- Nontaxable benefits
- $12,108
- Filer's total
- $679,431
-
DAPHNE BIRDSEY
CHIEF ADVANCEMENT OFFICER
- Total calculated
- $245,222
- From this org
- $228,899
- From related orgs
- $0
- Other
- $16,323
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $228,899
- Bonus
- $0
- Other
- $0
- Deferred
- $15,387
- Nontaxable benefits
- $936
- Filer's total
- $245,222
-
ESTHER S BELL
DEPUTY DIRECTOR & CHIEF CURATOR
- Total calculated
- $231,106
- From this org
- $215,130
- From related orgs
- $0
- Other
- $15,976
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $214,861
- Bonus
- $0
- Other
- $269
- Deferred
- $15,040
- Nontaxable benefits
- $936
- Filer's total
- $231,106
-
ROBIN T SHER
CHIEF FINANCIAL OFFICER AND CLERK
- Total calculated
- $224,899
- From this org
- $198,579
- From related orgs
- $0
- Other
- $26,320
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $177,715
- Bonus
- $20,000
- Other
- $864
- Deferred
- $12,831
- Nontaxable benefits
- $13,489
- Filer's total
- $224,899
-
KATHLEEN MARIE MORRIS
MARX DIRECTOR COLLECTIONS/EXHIBITIONS
- Total calculated
- $220,020
- From this org
- $169,058
- From related orgs
- $0
- Other
- $50,962
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $167,482
- Bonus
- $0
- Other
- $1,576
- Deferred
- $17,935
- Nontaxable benefits
- $33,027
- Filer's total
- $220,020
-
VICTORIA T SALTZMAN
DIRECTOR OF COMMUNICATIONS
- Total calculated
- $207,360
- From this org
- $161,498
- From related orgs
- $0
- Other
- $45,862
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $160,023
- Bonus
- $0
- Other
- $1,475
- Deferred
- $16,991
- Nontaxable benefits
- $28,871
- Filer's total
- $207,360
-
WILLIAM J POWERS
DIRECTOR OF FACILITIES
- Total calculated
- $204,165
- From this org
- $156,534
- From related orgs
- $0
- Other
- $47,631
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $147,386
- Bonus
- $8,000
- Other
- $1,148
- Deferred
- $15,805
- Nontaxable benefits
- $31,826
- Filer's total
- $204,165
-
CAROLINE O FOWLER
DIRECTOR OF RESEARCH / ACA
- Total calculated
- $203,795
- From this org
- $149,525
- From related orgs
- $16,500
- Other
- $37,770
- Hours/week
- 40 + 6 related
Schedule J breakdown matched by us
- Base
- $149,346 + $16,500 related
- Bonus
- $0
- Other
- $179
- Deferred
- $10,997
- Nontaxable benefits
- $26,773
- Filer's total
- $187,295 + $16,500 related
-
GLENN BARNES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
MAUREEN FENNESSY BOUSA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
SANDRA L BURTON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
PATRICK J LANDERS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
ELIZABETH B LEE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
GLENN D LOWRY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
MICHAEL R LYNCH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
DORIS FISCHER MALESARDI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
FRANK MARTUCCI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
PAUL R PROVOST
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
AMY ENGEL SCHARF
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
WILLIAM C SCHMIDT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
ROBERT G SCOTT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
HOWARD SHAPIRO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
TODD TIBBETTS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
HELGE WEINER-TRAPNESS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
DENISE LITTLEFIELD SOBEL
CHAIR
- Total calculated
- $0
- Hours/week
- 4
-
PAUL NEELY
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 4
-
SCOTT SCHWEIGHAUSER
TREASURER
- Total calculated
- $0
- Hours/week
- 4
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 · Tax indemnification and gross-up payments
- 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
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
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 1A
- WHEN EMPLOYEES ARE PAID FOR MOVING EXPENSES THE PAY IS GROSSED UP TO MATCH THEIR APPROVED AMOUNT. 5 EMPLOYEES WERE PAID FOR MOVING EXPENSES DURING FY24.
- PART I, LINE 4B
- PARTICIPATION IN SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN: THE DIRECTOR PARTICIPATES IN A SECTION 457(F) SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN. DURING THE CALENDAR YEAR 2023, THE CLARK CONTRIBUTED $120,000 TO THE PLAN. THIS AMOUNT IS INCLUDED ON FORM 990, PART VII, COLUMN (F) AND ON SCHEDULE J, PART II, COLUMN (C).
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
-
$5,000
STEWARD SPONSORSHIP 25TH ANNIVERSARY GALA.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501(C)(3) · UNDERGRADUATE EDUCATION · MA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202521359349308802
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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