2025-05-15T11:17:24-05:00 2024-06-30 390859910 BAKER TILLY ADVISORY GROUP LP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2023-07-01 050258956 RHODE ISLAND SCHOOL OF DESIGN RHOD 4014546474 20 WASHINGTON PLACE PROVIDENCE RI 02903 DAVID ROSATI SENIOR VP, FINANCE & ADMIN. 4014546474 2025-05-13 1 1 KERRI N BOGDA CPA P00760402 7177404863 2025-05-13 2023 2025-03-06 01:10:19Z CRYSTAL WILLIAMS 20 WASHINGTON PLACE PROVIDENCE RI 02903 229216057 0 X WWW.RISD.EDU X 1877 RI TO EDUCATE ITS STUDENTS AND THE PUBLIC IN THE CREATION AND APPRECIATION OF ART AND DESIGN. 29 28 3577 4762 950193 161359 16002179 9973974 187784480 189056137 24544313 23897013 474924 573702 228805896 223500826 35160155 36404794 0 0 111297541 116508801 105760 83123 10103708 74292077 73888402 220855533 226885120 7950363 -3384294 714113370 730061257 218917916 212361858 495195454 517699399 X THE MISSION OF RHODE ISLAND SCHOOL OF DESIGN, THROUGH ITS COLLEGE AND MUSEUM, IS TO EDUCATE ITS STUDENTS AND THE PUBLIC IN THE CREATION AND APPRECIATION OF WORKS OF ART AND DESIGN, TO DISCOVER AND TRANSMIT KNOWLEDGE AND TO MAKE LASTING CONTRIBUTIONS TO A GLOBAL SOCIETY THROUGH CRITICAL THINKING, SCHOLARSHIP AND INNOVATION. 0 0 165794342 36404794 184662778 EDUCATION - RHODE ISLAND SCHOOL OF DESIGN WAS FOUNDED IN 1877, MAKING IT ONE OF THE FIRST ART AND DESIGN SCHOOLS IN THE US. APPROXIMATELY 2,500 STUDENTS FROM AROUND THE WORLD ARE ENGAGED IN LIBERAL ART STUDIES AND RIGOROUS, STUDIO-BASED LEARNING AT RISD, WHERE THEY CHOOSE FROM 21 STUDIO MAJORS AND EARN BACHELOR'S OR MASTER'S DEGREES IN THE FINE ARTS, ARCHITECTURE OR ART EDUCATION. EACH YEAR, APPROXIMATELY 4,600 CHILDREN AND ADULTS ALSO ACCESS OUR SPECIALIZED STUDIO FACILITIES THROUGH RISD CONTINUING EDUCATION COURSES. 10532458 706980 MUSEUM - THE RISD MUSEUM WAS FOUNDED ON THE BELIEF THAT ART, ARTISTS, AND THE INSTITUTIONS THAT SUPPORT THEM PLAY PIVOTAL ROLES IN PROMOTING BROAD CIVIC ENGAGEMENT AND CREATING MORE OPEN SOCIETIES. THE RISD MUSEUM EDUCATES AND INSPIRES STUDENTS AND THE PUBLIC THROUGH EXHIBITIONS, LECTURES, TOURS, WORKSHOPS AND PUBLICATIONS AND PROVIDES FREE ACCESS TO DIGITAL IMAGES OF PUBLIC DOMAIN MATERIALS IN THE COLLECTION FOR ANY PURPOSE. WE WANT OUR COLLECTION, SCHOLARSHIP, AND INTERPRETIVE CONTENT TO BE ACCESSED, DISTRIBUTED, AND REUSED BY EVERYONE. 176326800 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 0 0 1 1 1 1 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 2713 0 3577 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 29 28 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA NY AK CO MD MA MI OH WA DC SC X X THOMAS MATTOS AVP OF FINANCECONTR 4014546649 20 WASHINGTON PLACE PROVIDENCE RI 02903 ROSANNE SOMERSON PRESIDENT EMERITUS (UNTIL 06/24) 50.00 1.00 X X 98208 0 36410 HILLARY BLUMBERG TRUSTEE/CO-CHAIR OF BOARD 2.00 0.00 X X 0 0 0 ILENE CHAIKEN TRUSTEE/CO-CHAIR OF BOARD 2.00 0.00 X X 0 0 0 KAREN HAMMOND TRUSTEE/VICE CHAIR OF BOARD 2.00 1.00 X X 0 0 0 JON KAMEN TRUSTEE/VICE CHAIR OF BOARD 2.00 0.00 X X 0 0 0 TAVARES STRACHAN TRUSTEE/VICE CHAIR OF BOARD 2.00 0.00 X X 0 0 0 HE SHEIKHA AL MAYASSA BINT HAMAD BI TRUSTEE 2.00 0.00 X 0 0 0 ASHLEIGH AXIOS TRUSTEE 2.00 0.00 X 0 0 0 DAVID C BARCLAY TRUSTEE 2.00 0.00 X 0 0 0 CAROLINE BAUMANN TRUSTEE 2.00 0.00 X 0 0 0 GABRIELLE BULLOCK BARCH TRUSTEE 2.00 0.00 X 0 0 0 NORMAN CHAN BARCH TRUSTEE 2.00 0.00 X 0 0 0 DONALD CHOI BARCH TRUSTEE 2.00 0.00 X 0 0 0 RYAN CUNNINGHAM TRUSTEE 2.00 0.00 X 0 0 0 ERICA DI BONA TRUSTEE 2.00 0.00 X 0 0 0 ROBERT A DIMUCCIO TRUSTEE 2.00 1.00 X 0 0 0 MICHELLE EBANKS TRUSTEE 2.00 0.00 X 0 0 0 SHEPARD FAIREY TRUSTEE 2.00 0.00 X 0 0 0 FABIAN FONDRIEST TRUSTEE 2.00 0.00 X 0 0 0 JOE GEBBIA TRUSTEE 2.00 0.00 X 0 0 0 ROBERT W GLASS TRUSTEE 2.00 0.00 X 0 0 0 GEETANJALI KIRLOSKAR TRUSTEE 2.00 0.00 X 0 0 0 DAVID LEE TRUSTEE 2.00 0.00 X 0 0 0 MARY LOVEJOY TRUSTEE 2.00 0.00 X 0 0 0 NICOLE J MILLER TRUSTEE 2.00 0.00 X 0 0 0 MICHAEL ROCK MFA TRUSTEE 2.00 0.00 X 0 0 0 SHAHZIA SIKANDER TRUSTEE 2.00 0.00 X 0 0 0 MICHAEL H SPALTER TRUSTEE 2.00 0.00 X 0 0 0 TODD WATERBURY TRUSTEE 2.00 0.00 X 0 0 0 WILLIAM SCHWEIZER TRUSTEE (TO 09/23) 2.00 0.00 X 0 0 0 RICHARD HAINING TRUSTEE (EX-OFFICIO) 2.00 0.00 X 0 0 0 MARY-REBECCA EBELING SPECIAL ASSIST TO PRES (TO 3/24) 50.00 0.00 X 110545 0 29850 DAVID ROSATI SVP FINANCE & ADMINISTRATION 50.00 1.00 X 179385 0 26331 CRYSTAL WILLIAMS PRESIDENT 50.00 1.00 X 635176 0 69212 RENEE BYAS GENERAL COUNSEL 50.00 0.00 X 295310 0 57886 TOUBA GHADESSI PROVOST 50.00 0.00 X 160416 0 21773 KERCI MARCELLO STROUD CHIEF MARKET/COMM OFFICER(TO 4/24) 50.00 0.00 X 219884 0 50174 RICHARD MICKOOL CHIEF INFORMATION OFFICER 50.00 0.00 X 224745 0 34396 ANAIS A MISSAKIAN INTERIM PROVOST 50.00 0.00 X 218821 0 70058 JAMES PAUL O'HARA VP ENROLLMENT 50.00 0.00 X 275203 0 48192 O'NEIL OUTAR VP INST. ADVANCEMENT (TO 11/23) 50.00 0.00 X 341981 0 75100 ELIZABETH RAINONE INTERIM VP HUMAN RESOURCES 50.00 0.00 X 207915 0 19423 JOHN R SILVA VICE PRESIDENT, CAMPUS SERVICES 50.00 0.00 X 223109 0 49847 BROOKS W HAGAN DEAN, FINE ARTS 50.00 0.00 X 172192 0 48433 SARAH CUNNINGHAM VICE PROVOST FOR STRATEGIC PARTNERSHIPS 50.00 0.00 X 203438 0 36961 SARAH GANZ BLYTHE INTERIM DIR., RISD MUSEUM 50.00 0.00 X 268261 0 63077 BETHANY JANKUNIS VP STRATEGY/PLANNING/SR ADV TO PRES 50.00 0.00 X 265324 0 36007 JOANNE L STRYKER SPECIAL ADVISOR, OFFSHORE INITIATIVES 50.00 0.00 X 188424 0 28616 4288337 0 801746 207 0 1 0 SHAWMUT WOODWORKING AND SUPPLY INC 560 HARRISON AVE STE 200 BOSTON MA 02118 CONSTRUCTION SVCS 2895316 GLOBAL ENDOWMENT MANAGEMENTLP 224 W TREMONT AVENUE CHARLOTTE NC 28202 INVESTMENT MGMT 2112137 SITE SPECIFIC LLC 141 GANO ST PROVIDENCE RI 029063822 CONSTRUCTION SVCS 1531971 ALLCSOURCE PPS INC 8330 W SAHARA AVE STE 140 LAS VEGAS NV 89117 TEMP AGENCY SVCS 1388536 LOMBARDI CONSTRUCTION 28 STACY STREET BARRINGTON RI 02806 CONSTRUCTION SVCS 945295 52 199636 9774338 1434274 9973974 TUITION/ROOM/BOARD 611310 184662778 184662778 BOOK/SUPPLY STORE 459210 3686379 3686379 MUSEUM 611600 706980 706980 189056137 4050804 586784 3464020 25561440 5715231 19846209 19846209 -210293 20056502 CONFERENCES & EVENTS 611110 410067 410067 OUTSIDE CATERING 722320 163635 163635 573702 223500826 185369758 950193 27206901 36404794 36404794 5071978 3889739 809000 373239 87382416 78251972 3988116 5142328 5365865 4766782 279009 320074 12542668 11142317 652181 748170 6145874 5459706 319567 366601 285361 285361 117460 117460 10752 10752 83123 83123 2225890 2225890 12138916 9012644 2080174 1046098 526147 496571 125 29451 12252323 10868474 883945 499904 4264506 3747103 126160 391243 7503630 1056096 6447534 3251781 2434130 25787 791864 4833437 4833437 17359565 1359982 15984583 15000 2034515 2034515 OTHER RENTAL EXPENSES 1066910 843932 4172 218806 WORKS OF ART 801562 794426 7136 STUDENT AWARDS 556272 555126 146 1000 DUES AND MEMBERSHIPS 435497 419660 5167 10670 4223878 2788831 1368910 66137 226885120 176326800 40454612 10103708 2338231 4728145 21056545 19398833 8328563 3671484 583418 36815 24087 1359764 1364667 2686284 785061 550833802 283389099 274976682 267444703 2141125 4890067 388784392 415555353 5200000 5200000 7204969 6415439 714113370 730061257 10263162 10674523 6328776 8263111 187400139 179597722 14925839 13826502 218917916 212361858 X 359894242 356325955 135301212 161373444 495195454 517699399 714113370 730061257 X -3384294 25074027 814212 X 0 1 X 1 1 1 X 15325884 28993943 19679890 16002179 9973974 89975870 15325884 28993943 19679890 16002179 9973974 89975870 11391258 78584612 5336930 2862893 1798996 4100629 3464020 17563468 1097198 584160 2660139 65073 164768 4571338 2592726 1088718 3105771 3909775 3686379 14383369 126494045 845189533 0.62130 0.63890 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: BOOK/SUPPLY STORE - 2019 AMOUNT: $ 2,592,726. 2020 AMOUNT: $ 1,088,718. 2021 AMOUNT: $ 3,105,771. 2022 AMOUNT: $ 3,909,775. 2023 AMOUNT: $ 3,686,379. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 10752 0 0 10752 0 PART II-B, LINE 1: RISD PAYS MEMBERSHIP DUES TO A NUMBER OF ARTS-AND-EDUCATION-RELATED AND PROFESSIONAL ORGANIZATIONS, SOME OF WHICH MAY ENGAGE IN LOBBYING ACTIVITIES ON BEHALF OF ALL MEMBERS. TOTAL MEMBERSHIP DUES PAID BY RISD DURING THE FISCAL YEAR WAS $435,497. WE ARE UNABLE TO DETERMINE THE SPECIFIC AMOUNT OF THAT TOTAL DEVOTED TO LOBBYING, BUT WE BELIEVE IT TO BE A RELATIVELY SMALL AND IMMATERIAL PORTION. A RISD EMPLOYEE DEVOTES A SMALL PORTION OF THEIR TIME TO PROMOTE RISD'S MISSION BY COMMUNICATING TO FEDERAL GOVERNMENT ENTITIES TO ADVOCATE FOR LEGISLATIVE AND POLICY INITIATIVES THAT SUPPORT HIGHER EDUCATION AND RISD'S AGENDA. X X X X X EDUCATION OF ARTISTS/DESIGN 0 398637228 3301673 47442138 6132158 13233263 2225890 427789728 381228134 7964492 30315008 5694881 13117553 2057972 398637228 442909393 8079900 -50072894 4969136 12372841 2346288 381228134 349011543 10335746 102576352 4649564 12360583 2004101 442909393 351131815 6991521 8914697 4252195 12087266 1687029 349011543 0.64270 0.19840 0.15890 0 1 1 9852492 9852492 453707734 213285734 240422000 80658812 70103365 10555447 6614764 6614764 267444703 ALTERNATIVE INVESTMENTS 415555353 F 415555353 CAPITAL LEASE OBLIG - OPERATING 4497518 OBLIGATIONS UNDER LONG-TERM AGREEMENTS 9328984 13826502 210838104 25074027 -37736749 -12662722 223500826 0 223500826 189011319 720883 720883 188290436 38594684 38594684 226885120 PART III, LINE 1A: THE MAJORITY OF THE SCHOOL'S COLLECTIONS RESIDE IN THE MUSEUM AND CONSIST OF ARTIFACTS OF HISTORICAL SIGNIFICANCE, ART OBJECTS, AND BOOKS THAT ARE HELD FOR EDUCATIONAL, RESEARCH AND CURATORIAL PURPOSES. EACH OF THE ITEMS ARE CATALOGUED, PRESERVED AND CARED FOR AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED PERIODICALLY. THE COLLECTIONS ARE SUBJECT TO A POLICY THAT REQUIRES PROCEEDS FROM THEIR SALES TO BE USED TO ACQUIRE OTHER ITEMS FOR COLLECTIONS OR TO SUPPORT THE DIRECT CARE OF EXISTING COLLECTIONS. THE SCHOOL EXPENDED $801,562 AND $926,468 FOR ACQUISITIONS DURING THE YEARS ENDED JUNE 30, 2024 AND 2023, RESPECTIVELY. PART III, LINE 4: THE MUSEUM OF ART, ALSO KNOWN AS THE RISD MUSEUM, IS RHODE ISLAND'S LEADING MUSEUM OF FINE AND DECORATIVE ART, HOUSING A COLLECTION OF APPROXIMATELY 100,000 OBJECTS OF INTERNATIONAL SIGNIFICANCE IN SEVEN CURATORIAL COLLECTIONS. IT IS SOUTHEASTERN NEW ENGLAND'S ONLY COMPREHENSIVE ART MUSEUM AND IS ACCREDITED BY THE AMERICAN ASSOCIATION OF MUSEUMS. THE RISD MUSEUM STRIVES TO BE A VITAL CULTURAL RESOURCE BY EDUCATING AND INSPIRING A WIDE VARIETY OF AUDIENCES: FAMILIES AND INDIVIDUALS, SCHOLARS AND RESEARCHERS, ARTISTS AND DESIGNERS, AND STUDENTS OF ALL AGES. THE MUSEUM MAINTAINS AN ACTIVE PROGRAM OF EXHIBITIONS, LECTURES, TOURS, WORKSHOPS AND PUBLICATIONS DEDICATED TO THE INTERPRETATION OF ART AND DESIGN FROM DIVERSE CULTURES RANGING FROM ANCIENT TIMES TO THE PRESENT. PART V, LINE 4: THE INTENT OF THE ENDOWMENT FUND IS TO GENERATE INVESTMENT EARNINGS AS A SOURCE OF REVENUE FOR FUNDING THE SCHOOL'S GENERAL OPERATING ACTIVITIES AND FOR FUNDING SPECIFIC PURPOSES, EITHER RESTRICTED BY DONORS OR INTERNALLY DESIGNATED BY THE BOARD OF TRUSTEES. EXAMPLES OF SPECIFIC PURPOSES INCLUDE SCHOLARSHIP FOR STUDENTS, FACILITIES UPKEEP, RESEARCH, AND SUPPORT FOR THE MUSEUM AND OTHER ACADEMIC OPERATIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS -36,368,794. INVESTMENT FEES -2,225,890. INTERCOMPANY REVENUE ELIMINATION 857,935. PART XII, LINE 2D - OTHER ADJUSTMENTS: INTERCOMPANY EXPENSE ELIMINATION 720,883. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 36,368,794. INVESTMENT FEES 2,225,890. 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 SCHOOL'S RACIALLY NONDISCRIMINATORY POLICY CAN BE FOUND IN THE RHODE ISLAND SCHOOL OF DESIGN CATALOG AND STUDENT HANDBOOK. THE POLICY CAN ALSO BE FOUND AT HTTP://WWW.RISD.EDU/ABOUT/POLICIES-DISCLOSURES. SCHEDULE E, PART I, LINE 6 FINANCIAL AID IS RECEIVED FROM THE US DEPARTMENT OF EDUCATION IN THE FORM OF FEDERAL COLLEGE WORK STUDY, FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS, FEDERAL PELL GRANTS, FEDERAL DIRECT LOANS AND FEDERAL PLUS LOANS WHICH ARE ADMINISTERED THROUGH THE DIRECT LOAN PROGRAM. IN ADDITION, THE COLLEGE RECEIVES FINANCIAL AID FROM VARIOUS STATE SCHOLARSHIP PROGRAMS AND OTHER FEDERAL AGENCIES, E.G. VETERANS ADMINISTRATION AND BUREAU OF INDIAN AFFAIRS. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 2969822 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 7 PROGRAM SERVICES INDEPENDENT STUDY 179504 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 0 5 PROGRAM SERVICES INDEPENDENT STUDY 175029 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 5 PROGRAM SERVICES INDEPENDENT STUDY 164580 SUB-SAHARAN AFRICA 0 2 PROGRAM SERVICES INDEPENDENT STUDY 84292 0 19 0 0 0 19 3573227 0 3573227 1 0 1 1 1 0 PART I, LINE 2: RHODE ISLAND SCHOOL OF DESIGN PROVIDES FINANCIAL AID TO FOREIGN STUDENTS. STUDENT SCHOLARSHIPS ARE APPLIED DIRECTLY TO STUDENT ACCOUNTS. NO FOREIGN SCHOLARSHIPS WERE AWARDED FOR FY24. SCHEDULE F, LINE 3, COLUMN F: RHODE ISLAND SCHOOL OF DESIGN TRACKS EXPENSES FOR EACH INTERNATIONAL PROGRAM USING SEPARATE ACCOUNT NUMBERS. SCHEDULE F, PART IV, LINE 3 AND 5 THE ORGANIZATION HAS OWNERSHIP INTERESTS IN CERTAIN FOREIGN CORPORATIONS AND PARTNERSHIPS, HOWEVER, NO OWNERSHIP INTERESTS EXCEEDED THE THRESHOLD FOR REQUIRING THE FILING OF FORMS 5471 OR 8865. THERE WERE NO TRANSFERS THE REQUIRED THE FILING OF FORM 926 DURING THE FISCAL YEAR. X X X X X X 1 LIBRETTO PO BOX 215 PITTSFIELD NH 03263 DIRECT MARKETING 0 724316 38123 686193 STUDIO RAINWATER 110 KING PHILIP RD STE 2F RUMFORD RI 02916 DIRECT MARKETING 0 506018 45000 461018 1230334 83123 1147211 CA NY AK CO MD MA MI OH WA DC NJ FL RI LA SC AR AL CT GA HI IL KS KY ME MN MS MO NV NH NM NC ND OK OR PA TN UT VA WV WI 1 SCHOLARSHIPS/GRANTS 1234 36404794 BOOK TUITION REDUCTION PART I, LINE 2: FINANCIAL AID IS CREDITED TO THE STUDENTS' ACCOUNTS TO COVER ANY OUTSTANDING INSTITUTIONAL CHARGES. ANY CREDIT BALANCE IS REFUNDED TO THE STUDENT TO BE USED FOR OTHER EDUCATIONAL-RELATED EXPENSES. STUDENTS RECEIVING FEDERAL AND/OR STATE AID MUST COMPLETE THE FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA). BY SIGNING THE FAFSA, THE STUDENT AGREES THAT HE OR SHE "WILL USE FEDERAL AND/OR STATE STUDENT FINANCIAL AID ONLY TO PAY THE COST OF ATTENDING AN INSTITUTION OF HIGHER EDUCATION." X 1 1 X X X X X 0 0 0 0 0 0 0 1 0 CRYSTAL WILLIAMS PRESIDENT 552676 0 82500 0 0 0 57390 0 11822 0 704388 0 0 0 O'NEIL OUTAR VP INST. ADVANCEMENT (TO 11/23) 316017 0 25389 0 575 0 42390 0 32710 0 417081 0 0 0 RENEE BYAS GENERAL COUNSEL 291500 0 0 0 3810 0 31478 0 26408 0 353196 0 0 0 SARAH GANZ BLYTHE INTERIM DIR., RISD MUSEUM 140156 0 127826 0 279 0 28162 0 34915 0 331338 0 0 0 JAMES PAUL O'HARA VP ENROLLMENT 269186 0 0 0 6017 0 27845 0 20347 0 323395 0 0 0 BETHANY JANKUNIS VP STRATEGY/PLANNING/SR ADV TO PRES 236718 0 28246 0 360 0 26007 0 10000 0 301331 0 0 0 ANAIS A MISSAKIAN INTERIM PROVOST 137497 0 79930 0 1394 0 23479 0 46579 0 288879 0 0 0 JOHN R SILVA VICE PRESIDENT, CAMPUS SERVICES 222153 0 0 0 956 0 22563 0 27284 0 272956 0 0 0 KERCI MARCELLO STROUD CHIEF MARKET/COMM OFFICER(TO 4/24) 217553 0 0 0 2331 0 22309 0 27865 0 270058 0 0 0 RICHARD MICKOOL CHIEF INFORMATION OFFICER 223816 0 0 0 929 0 21868 0 12528 0 259141 0 0 0 SARAH CUNNINGHAM VICE PROVOST FOR STRATEGIC PARTNERSH 202607 0 0 0 831 0 19368 0 17593 0 240399 0 0 0 ELIZABETH RAINONE INTERIM VP HUMAN RESOURCES 165028 0 41972 0 915 0 18900 0 523 0 227338 0 0 0 BROOKS W HAGAN DEAN, FINE ARTS 171940 0 0 0 252 0 16630 0 31803 0 220625 0 0 0 JOANNE L STRYKER SPECIAL ADVISOR, OFFSHORE INITIATIVE 187262 0 0 0 1162 0 17032 0 11584 0 217040 0 0 0 DAVID ROSATI SVP FINANCE & ADMINISTRATION 178560 0 0 0 825 0 13745 0 12586 0 205716 0 0 0 TOUBA GHADESSI PROVOST 160229 0 0 0 187 0 10923 0 10850 0 182189 0 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 7 ON OCCASION CERTAIN INDIVIDUALS RECEIVE A BONUS OR OTHER FORM OF NON-FIXED PAYMENT IN RECOGNITION OF EXCELLENT JOB PERFORMANCE, AS A SIGN-ON BONUS OR OTHER ONE-TIME PAYMENT. THE AMOUNT OF EACH BONUS IS SHOWN ON SCHEDULE J, PART II, COLUMN (B)(II). FINANCIAL METRICS ARE NOT USED IN BONUS CALCULATIONS. A RHODE ISLAND HEALTH AND EDUC BUILDING CORP 2012 521300173 762197KB6 2012-03-28 28791988 2001 BOND REFUNDING 0 0 0 B RHODE ISLAND HEALTH AND EDUC BUILDING CORP 2012B 521300173 762197KZ3 2012-08-29 57055694 2004D BOND REFUND 0 0 0 C RHODE ISLAND HEALTH AND EDUC BUILDING CORP 2018 521300173 762197YS4 2018-09-25 60533984 FACILITY CONSTRUCTION / RENOVATION 0 0 0 D RHODE ISLAND HEALTH AND EDUC BUILDING CORP 2020 521300173 762197A84 2020-12-16 52905000 PARTIAL REFUNDING OF 2012 AND 2012B BONDS 0 0 0 A 28340000 28791988 329659 28462329 2012 1 0 1 1 B 49405000 57055694 446745 56608949 2012 0 1 1 1 C 2030000 62691478 1918209 438486 62253172 2022 0 0 1 1 D 1555000 52905000 539556 52365444 2022 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 C 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 D 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 0 0 0 0 0 1 B 0 0 1 0 0 0 0 0 1 C 0 0 1 0 1 0 0 0 1 D 0 0 1 0 1 0 0 0 1 A 1 B 1 C 1 D 1 SCHEDULE K, PART I, COLUMN F A. 2008AB BOND - FACILITY AQUIS/CONST/EQUIP/RENOV; REFUNDING OF 2004A, 2004B, 2006A, AND 2006B BONDS SCHEDULE K, PART IV, LINE 2B, COLUMN A: BOND PROCEEDS WERE SPENT IN ACCORDANCE WITH THE APPROVED SPENDING REQUIREMENTS, THUS NO REBATE PORTION. SCHEDULE K, PART II, COLUMN D, LINE 3: THE PROCEEDS ON PART II, LINE 3 DIFFER FROM THE PROCEEDS IN PART I DUE TO INVESTMENT EARNINGS. A RHODE ISLAND HEALTH AND EDUC BUILDING CORP 2021 521300173 2021-09-01 70041000 REFUNDING OF 2008 BOND ISSUE 0 0 0 A 557000 70041000 416000 69625000 2022 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 0 0 0 0 0 1 A 1 X 500 0 N/A PER POLICY X 21 1434274 NYSE X 1 0 N/A PER POLICY 9 0 1 1 PART I, COLUMN (B): COLUMN B: THE NUMBER OF ITEMS CONTRIBUTED IS REPORTED ON LINE 1. THE NUMBER OF CONTRIBUTORS IS REPORTED ON LINE 9. PART I, LINE 32B: AN AUCTION HOUSE FACILITATES PUBLIC SALE OF NON-ACCESSIONED MUSEUM ITEMS. PART I, LINE 33: RHODE ISLAND SCHOOL OF DESIGN DOES NOT CAPITALIZE OR ASSIGN A VALUE TO ITS MUSEUM COLLECTIONS, BOOKS AND PUBLICATIONS, OR TO ANY INSIGNIFICANT ITEMS RECEIVED. THESE ITEMS ARE NOT RECOGNIZED AS ASSETS OR REVENUE ON THE SCHOOL'S FINANCIAL STATEMENTS. ALSO SEE DESCRIPTION FOR SCHEDULE D, PART III, LINE 4. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE SHALL HAVE AND EXERCISE ALL THE AUTHORITY OF THE BOARD BETWEEN MEETINGS OF THE BOARD, EXCEPT FOR THE AUTHORITY TO AMEND, ALTER, OR REPEAL THESE BYLAWS; ELECT, APPOINT, OR REMOVE ANY OFFICER OF THE BOARD OR OF THE COLLEGE OR ANY MEMBER OF ANY COMMITTEE OF THE BOARD; AMEND OR RESTATE THE COLLEGE'S ARTICLES OF INCORPORATION; ADOPT A PLAN OF MERGER OR A PLAN OF CONSOLIDATION WITH ANOTHER CORPORATION; AUTHORIZE THE SALE, LEASE, EXCHANGE, OR MORTGAGE OF ALL OR SUBSTANTIALLY ALL OF THE PROPERTY AND ASSETS OF THE COLLEGE; AUTHORIZE THE VOLUNTARY DISSOLUTION OF THE COLLEGE OR REVOKE PROCEEDINGS FOR SUCH DISSOLUTION; ADOPT A PLAN FOR THE DISTRIBUTION OF THE ASSETS OF THE COLLEGE; OR AMEND, ALTER, OR REPEAL ANY RESOLUTION OF THE BOARD THAT BY ITS TERMS PROVIDES THAT IT SHALL NOT BE AMENDED, ALTERED, OR REPEALED BY THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION A, LINE 7A BOTH THE RISD ALUMNI COUNCIL PRESIDENT AND THE IMMEDIATE PAST PRESIDENT SERVE AS EX-OFFICIO TRUSTEES FOR 2 YEARS AFTER THEIR RESPECTIVE TERMS END. FORM 990, PART VI, SECTION B, LINE 11B THE PROCESS FOR THE FY 2024 FORM 990 INCLUDES REVIEW BY SENIOR MANAGEMENT, THE AUDIT COMMITTEE, AND THE INDEPENDENT EXTERNAL TAX CONSULTANTS. THE AUDIT COMMITTEE IS PRESENTED WITH A COMPLETE DRAFT OF THE RETURN FOR ITS REVIEW. THE FULL BOARD RECEIVES A FINAL COPY OF FORM 990 BEFORE THE RETURN IS FILED. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, THE SCHOOL'S TRUSTEES' OFFICE DISTRIBUTES A SURVEY TO ALL OF THE TRUSTEES AND SENIOR ADMINISTRATORS REQUESTING INFORMATION ON MATTERS RELATING TO THE SCHOOL'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 AND SENIOR ADMINISTRATORS BY RESPONDING TO ANY QUESTIONS THEY MAY HAVE. IN ACCORDANCE WITH THE CONFLICT OF INTEREST POLICY, RESULTS OF THE COMPLETED SURVEYS ARE PRESENTED TO THE CHAIRS OF THE AUDIT COMMITTEE AND THE COMMITTEE ON TRUSTEES AND GOVERNANCE, AND THEN TO BOTH OF THOSE COMMITTEES FOR FINAL REVIEW. IN ADDITION TO THE ANNUAL SURVEY, THE TRUSTEES AND SENIOR ADMINISTRATORS ARE REQUIRED TO DISCLOSE ANY ADDITIONAL CONFLICTS THAT MAY ARISE DURING THE COURSE OF THE YEAR. PERIODIC REMINDERS ARE SENT OUT. 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 B, LINE 15 THE SCHOOL'S PROCESS FOR DETERMINING COMPENSATION FOR ITS OFFICERS (INCLUDING THE PRESIDENT) AND KEY EMPLOYEES INCLUDES: 1. PREPARING A DESCRIPTION OF THE POSITION AND REQUIREMENTS VIA A FORMAL JOB DESCRIPTION, JOB SUMMARY, OR ADVERTISEMENT. 2. DEVELOPING AN UNDERSTANDING OF THE EXTERNAL MARKET FOR SIMILAR POSITIONS AND REQUIREMENTS VIA VARIOUS SOURCES SUCH AS: COMPENSATION SURVEYS (E.G., YAFFEE, SNE CUPA, THE SURVEY GROUP); OTHER ORGANIZATIONS' FORM 990 DATA; DIALOG WITH SEARCH FIRMS; AND KNOWLEDGE OF APPLICANT POOL AND CURRENT EARNINGS. 3. CONSIDERING THE EXTERNAL MARKET DATA LISTED ABOVE IN LIGHT OF INTERNAL OPERATING BUDGET AND INTERNAL EQUITY FACTORS. 4. UNDERSTANDING THE CANDIDATE'S PREVIOUS EXPERIENCE AND SKILL SET AS RELATED TO THE POSITION'S REQUIREMENTS AND THE COLLEGE'S NEEDS. 5. ENGAGING AN INDEPENDENT COMPENSATION CONSULTANT TO DETERMINE AND VERIFY REASONABLENESS OF THE COMPENSATION LEVELS FOR THE INDIVIDUAL. 6. PRESENTING A RECOMMENDED HIRING RANGE (OFFER) TO RISD'S OFFICERS AND BOARD OF TRUSTEES, AS APPROPRIATE, FOR APPROVAL. 7. GENERATING AN OFFER LETTER OR CONTRACT. RISD HAS A COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. THE COMMITTEE ASSISTS THE BOARD IN ESTABLISHING AND REVIEWING THE COMPENSATION OF RISD'S SENIOR ADMINISTRATIVE STAFF ON AN ONGOING BASIS. THE SUBCOMMITTEE CONSISTS OF THE CHAIR OF THE BOARD, THE VICE CHAIR(S) OF THE BOARD AND THE CHAIR OF THE FINANCE COMMITTEE OF THE BOARD, AND WILL BE ASSISTED BY THE SECRETARY, THE PRESIDENT, THE VICE PRESIDENT FOR HUMAN RESOURCES, AND/OR THE GENERAL COUNSEL WHEN APPROPRIATE. THE SUBCOMMITTEE REVIEWS EACH INITIAL OFFER, EACH ANNUAL ADJUSTMENT, AND ANY OTHER ADJUSTMENTS. IN SO DOING, THE SUBCOMMITTEE REVIEWS CURRENT COMPARABLE DATA WITH THE ASSISTANCE OF AN INDEPENDENT COMPENSATION CONSULTANT AND DOCUMENTS ITS DECISIONS IN ITS MINUTES. THE CONTRACT FOR THE PRESIDENT EMERITUS RUNS THROUGH JUNE 30, 2024. FORM 990, PART VI, SECTION C, LINE 19 RISD MAKES AVAILABLE TO THE PUBLIC ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND CONSOLIDATED FINANCIAL STATEMENTS BY POSTING THESE DOCUMENTS ON WWW.RISD.EDU AND ALSO BY REQUEST. FORM 990, PART XI, LINE 9: SALE OF RISD HOLDINGS BUILDING - DECONSOLIDATING ENTRY 814,212. TECHNOLOGY AND DESIGN BUILDINGS LLC TWO COLLEGE STREET PROVIDENCE RI 02903 050258956 REAL ESTATE RI 44553 6916104 RHODE ISLAND SCHOOL OF DESIGN RISD HOLDINGS INC TWO COLLEGE STREET PROVIDENCE RI 02903 050508151 REAL ESTATE RI 501(C)(25) RHODE ISLAND SCHOOL OF DESIGN 1 WASHINGTON PLACE HOLDINGS LP 550 SOUTH TRYON ST STE 3500 CHARLOTTE NC 28202 INVESTMENT NC RHODE ISLAND SCHOOL OF DESIGN EXCLUDED 3202857 305332935 0 0 1.00000 CHARITABLE REMAINDER TRUSTS (7) INVESTMENTS MA N/A T 0 1 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 RISD HOLDINGS INC D 5200000 COST RISD HOLDINGS INC K 188799 COST RISD HOLDINGS INC A 44453 COST SCHEDULE R, PART IV, LINE 1: CHARITABLE REMAINDER TRUSTS ARE DOMICILED IN MASSACHUSETTS, MARYLAND, CALIFORNIA, AND CONNECTICUT.