2024-05-15T15:53:50-05:00 2023-06-30 390859910 BAKER TILLY US LLP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2022-07-01 050508151 RISD HOLDINGS INC RISD 4014546649 20 WASHINGTON PLACE PROVIDENCE RI 02903 DAVID ROSATI SENIOR VP, FINANCE & ADMIN. 4014546649 2024-05-14 1 DAVID ROSATI XXX-XX-XXXX 1 KERRI N BOGDA CPA P00760402 7177404863 2024-05-14 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z CRYSTAL WILLIAMS 20 WASHINGTON PLACE PROVIDENCE RI 02903 3102141 0 X WWW.RISD.EDU X 1999 RI HOLD TITLE TO VARIOUS PROPERTIES, COLLECT RENT INCOME AND HELP RISD CARRY OUT ITS MISSION. 4 2 0 3 0 0 0 0 1193029 2047141 0 772071 0 0 1193029 2819212 0 0 0 0 0 0 0 0 0 1166275 1159893 1166275 1159893 26754 1659319 7102518 9187753 7389826 7815742 -287308 1372011 X THE PURPOSE OF RISD HOLDINGS, INC. IS TO HOLD TITLE TO VARIOUS PROPERTIES, TO COLLECT RENTAL INCOME FROM SUCH PROPERTIES, AND TO TURN OVER THE FULL AMOUNT OF INCOME, LESS EXPENSES, TO RHODE ISLAND SCHOOL OF DESIGN (RISD) TO HELP RISD CARRY OUT ITS EDUCATIONAL MISSION. RISD HOLDINGS, INC. CONDUCTS ITS BUSINESS IN PROVIDENCE, RHODE ISLAND, ADJACENT TO THE RISD CAMPUS. 0 0 RISD HOLDINGS, INC. HOLDS TITLE TO VARIOUS PROPERTIES, COLLECTS RENTAL INCOME FROM SUCH PROPERTIES, AND TURNS OVER THE FULL AMOUNT OF INCOME, LESS EXPENSES, TO RHODE ISLAND SCHOOL OF DESIGN (RISD) TO HELP RISD CARRY OUT ITS EDUCATIONAL MISSION. RISD HOLDINGS, INC. CONDUCTS ITS BUSINESS IN PROVIDENCE, RHODE ISLAND, ADJACENT TO THE RISD CAMPUS. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 X 4 2 0 0 0 0 1 0 0 1 0 0 0 1 1 1 1 1 1 0 0 0 X X THOMAS MATTOS CONTROLLER 4014546649 20 WASHINGTON PLACE PROVIDENCE RI 02903 DAVID PROULX TREASURER/SECRETARY (UNTIL 7/22) 1.00 50.00 X X 0 217426 4996 KAREN HAMMOND DIRECTOR 1.00 2.00 X 0 0 0 PHILIP E TOBEY DIRECTOR 1.00 0.00 X 0 0 0 CRYSTAL WILLIAMS PRESIDENT 1.00 50.00 X X 0 412115 25329 0 629541 30325 0 0 1 0 0 RENTAL INCOME 531120 2047141 2047141 2047141 1055000 282929 772071 772071 772071 2819212 2047141 0 772071 X 60244 160104 2952 506009 260004 156461 3600 MISC. EXPENSES 10519 1159893 1541977 2792708 699559 1909587 6614566 2129108 4860982 4485458 7102518 9187753 2133701 2560017 56125 55725 5200000 5200000 7389826 7815742 X -287308 1373076 -1065 -287308 1372011 7102518 9187753 1659319 0 X 0 1 X 1 0 1878805 1878805 4521198 2040517 2480681 196389 88591 107798 18174 18174 4485458 DUE TO AFFILIATE 5200000 5200000 230837685 228790544 228790544 2047141 772071 772071 2819212 184025228 182865335 182865335 1159893 0 1159893 PART XI, LINE 2D - OTHER ADJUSTMENTS: RISD REVENUE NET OF ELIMINATING ENTRIES 228,790,544. PART XI, LINE 4B - OTHER ADJUSTMENTS: GAIN ON SALE OF PROPERTY 772,071. PART XII, LINE 2D - OTHER ADJUSTMENTS: RISD EXPENSE NET OF ELIMINATING ENTRIES 183,637,406. GAIN ON SALE OF PROPERTY -772,071. X 1 1 0 1 0 CRYSTAL WILLIAMS PRESIDENT 0 408171 0 0 0 3944 0 21000 0 4329 0 437444 0 0 DAVID PROULX TREASURER/SECRETARY (UNTIL 7/22) 0 171677 0 20750 0 24999 0 0 0 4996 0 222422 0 0 PART I, LINE 1A THE PRESIDENT IS ALLOWED TO BE REIMBURSED FOR FIRST CLASS AIR TRAVEL UNDER CERTAIN CONDITIONS AS SPECIFIED IN THE PRESIDENT'S EMPLOYEE CONTRACT. THE REIMBURSEMENTS ARE NOT TREATED AS A TAXABLE BENEFIT. PART I, LINE 3 IN SETTING THE PRESIDENT'S COMPENSATION, THE FOLLOWING WERE USED BY THE RELATED ORGANIZATION TO ESTABLISH COMPENSATION: - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - FORM 990 OF OTHER ORGANIZATIONS - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE PART I, LINE 4B CERTAIN EMPLOYEES PARTICIPATE IN A NONQUALIFIED RETIREMENT PLAN UNDER IRC SECTION 457(B). FORM 990, PART VI, SECTION A, LINE 6 THE SOLE MEMBER OF RISD HOLDINGS IS RHODE ISLAND SCHOOL OF DESIGN. FORM 990, PART VI, SECTION A, LINE 8B THE RISD HOLDINGS, INC. BOARD DOES NOT HAVE ANY COMMITTEES. FORM 990, PART VI, SECTION B, LINE 11B THE PROCESS FOR THE FORM 990 INCLUDES REVIEW BY SENIOR MANAGEMENT OF RISD, AND THE INDEPENDENT EXTERNAL TAX CONSULTANTS. THE AUDIT COMMITTEE IS PRESENTED WITH A DRAFT OF THE RETURN FOR ITS REVIEW. THE FULL BOARDS OF BOTH RISD HOLDINGS, INC. AND RHODE ISLAND SCHOOL OF DESIGN RECEIVE A FINAL COPY OF THE FORM 990 BEFORE THE RETURN IS FILED. FORM 990, PART VI, SECTION B, LINE 12C CERTAIN OFFICERS AND DIRECTORS OF THE ORGANIZATION ARE ALSO OFFICERS AND DIRECTORS OF RHODE ISLAND SCHOOL OF DESIGN (RISD). IN THIS CAPACITY, THEY ARE BOUND BY THE CONFLICT OF INTEREST POLICY OF RISD. ON AN ANNUAL BASIS, RISD'S TRUSTEES' OFFICE DISTRIBUTES A SURVEY TO ALL OF THE TRUSTEES REQUESTING INFORMATION ON MATTERS RELATING TO RISD'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. FORM 990, PART VI, SECTION C, LINE 19 RISD HOLDINGS' FINANCIAL STATEMENTS ARE INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS OF THE RHODE ISLAND SCHOOL OF DESIGN THAT ARE MADE AVAILABLE ON WWW.RISD.EDU AND ALSO BY REQUEST. FORM 990, PART IX, LINE 11G CONTRACTED SERVICES 160,104. RHODE ISLAND SCHOOL OF DESIGN TWO COLLEGE STREET PROVIDENCE RI 02903 050258956 EDUCATION RI 501(C)(3) LINE 2 N/A 0 WASHINGTON PLACE HOLDINGS LP 550 SOUTH TRYON ST SUITE 3500 CHARLOTTE NC 28202 611797922 INVESTMENT NC N/A 0 0 CHARITABLE REMAINDER TRUSTS (7) INVESTMENTS MA N/A T 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 1 1 0 0 0