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New England Conservatory of Music

 290 Huntington Avenue
 Boston, MA 02115
[P] (617) 585-1100
[F] (617) 585-1165
www.necmusic.edu
[email protected]
David McMullin
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INCORPORATED: 1941
 Printable Profile (Summary / Full)
EIN 23-7225104

LAST UPDATED: 10/22/2015
Organization DBA New England Conservatory
NEC
Former Names --
Organization received a competitive grant from the Boston Foundation in the past five years No

Summary

Mission StatementMORE »

New England Conservatory of Music (NEC) educates and trains musicians of all ages from around the world, drawing on the talent and deep reservoir of experience of our faculty. We are dedicated to instilling the highest standards of excellence and nurturing individual artistic sensibility and creative growth. Understanding that music is one of the transcendent expressions of human civilization, NEC aspires to ensure it a central place in contemporary society.

Mission Statement

New England Conservatory of Music (NEC) educates and trains musicians of all ages from around the world, drawing on the talent and deep reservoir of experience of our faculty. We are dedicated to instilling the highest standards of excellence and nurturing individual artistic sensibility and creative growth. Understanding that music is one of the transcendent expressions of human civilization, NEC aspires to ensure it a central place in contemporary society.

FinancialsMORE »

Fiscal Year July 01, 2014 to June 30, 2015
Projected Income $38,652,197.00
Projected Expense $39,468,176.00

ProgramsMORE »

  • Annual Fund
  • Community Performances and Partnerships
  • Scholarships
  • Student Life and Performance Center

Revenue vs. Expense ($000s)

Expense Breakdown 2013 (%)

Expense Breakdown 2012 (%)

Expense Breakdown 2011 (%)

For more details regarding the organization's financial information, select the financial tab and review available comments.


Overview

Mission Statement

New England Conservatory of Music (NEC) educates and trains musicians of all ages from around the world, drawing on the talent and deep reservoir of experience of our faculty. We are dedicated to instilling the highest standards of excellence and nurturing individual artistic sensibility and creative growth. Understanding that music is one of the transcendent expressions of human civilization, NEC aspires to ensure it a central place in contemporary society.

Background Statement

Founded in 1867, New England Conservatory is an internationally renowned college of music, and the oldest continuously operating independent school of music in the U.S. For nearly 150 years, NEC has been consistently forward-looking in its embrace of vital developments in the musical world. In 1881, NEC was instrumental in the establishment of the Boston Symphony Orchestra, and today, half of the BSO is composed of NEC faculty and alumni. In 1969, NEC became the first major conservatory to establish a fully accredited Jazz program, and our unique Contemporary Improvisation program also recently celebrated its 40th anniversary. NEC’s Jordan Hall, a National Historic Landmark opened in 1903, has hosted appearances by virtually every important musician of the past century.


Impact Statement

NEC offers 36 majors, including all orchestral instruments, voice, conducting, keyboard, jazz, opera, contemporary improvisation, music history, ethnic and world music, theory and composition. College students play in more than 35 NEC ensembles, from jazz combos and chamber groups to orchestras, choruses and opera. Our Entrepreneurial Musicianship program advances students’ development as self-reliant professionals, and our 50 Sistema Fellows graduates lead organizations serving more than 5,000 disadvantaged children in 37 communities from Atlanta to Alaska, including six programs in the Boston area that serve more than 500 local at-risk youth.


Our student body consists of approximately 750 graduate and undergraduate conservatory students, as well as 1,800 youth and adults who study in our preparatory and continuing education divisions. Our extensive community outreach programs reach 14,000 children & adults each year, in schools, day-care centers, hospitals, homeless shelters and other partner organizations. Nearly one-third of NEC students participate in more than 400 such programs with 120 community partners, demonstrating the value we place on public service.
 
NEC provides nearly 1,000 free concerts to our community each year, serving an audience of more than 40,000 in Jordan Hall alone, plus thousands more in our smaller venues. 13,000 NEC alumni live and perform in more than 40 countries throughout the world, as soloists and members of countless classical, jazz, and commercial ensembles of all sizes and genres, including virtually every major orchestra in America, as well as on Broadway, television and film. More than 4,000 NEC alumni, faculty and students live, work and make music in Massachusetts, and together they touch nearly every aspect of musical life in the region. NEC is a major engine of the vital activity that makes Boston a musical and cultural capital, and provides a continuing stream of new talent for the musical life of the world.

 


Needs Statement

New England Conservatory is currently raising funds for the construction of a new Student Life and Performance Center (SLPC). The SLPC will provide needed rehearsal, performance, residence and library facilities for NEC’s students and faculty. With three new performance spaces, it promises to become a focal point of musical and cultural activity in Boston, as NEC’s Jordan Hall has been for more than a century. The SLPC will be a landmark building and a beautiful legacy for the Conservatory and for our community, concretely and transparently expressing NEC’s artistic vibrancy, and helping us to better pursue our mission as one of the world’s leading schools of music. With a fundraising goal of $70 million, NEC plans to commence construction in summer 2015 and open the Student Life and Performance Center in 2017 to celebrate NEC’s 150th anniversary year. As described under “programs,” below, other key fundraising priorities include student scholarships, and a goal of approximately $3 million for the Annual Fund, which supports all of NEC’s ongoing activities.


CEO Statement

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Board Chair Statement

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Geographic Area Served

GREATER BOSTON REGION, MA

Located at the head of Boston’s Avenue of the Arts, NEC draws 750 graduate and undergraduate students from 44 U.S. states and 40 foreign countries, and our Preparatory and Continuing Education programs serve 1,800 children and adults primarily from the Greater Boston area. Our Community Performances and Partnerships program works with 120 partner organizations to serve diverse communities throughout our region, and more than 40,000 Boston-area residents attend our 1,000 yearly free concerts.

 

Organization Categories

  1. Education - Higher Education
  2. Arts,Culture & Humanities - Performing Arts
  3. -

Independent research has been conducted on this organization's theory of change or on the effectiveness of this organization's program(s)

No

Programs

Annual Fund

Gifts to NEC’s Annual Fund help to advance all aspects of learning at the Conservatory, at all levels of the College, Preparatory School and School of Continuing Education. The Annual Fund supports NEC’s world-class faculty and student musicians as they strive to develop and share their artistic resources, knowledge and talent. The Annual Fund also supports the nearly 1,000 free concerts NEC musicians perform for the public each year, ranging from operas and symphonies to intimate chamber music, jazz and contemporary improvisation.
Budget  $3,000,000.00
Category  Arts, Culture & Humanities, General/Other Music
Population Served College Aged (18-26 years) Children and Youth (0 - 19 years) General/Unspecified
Program Short-Term Success  -
Program Long-Term Success  -
Program Success Monitored By  -
Examples of Program Success  -

Community Performances and Partnerships

NEC’s Community Performances and Partnerships (CPP) Program is based on the premise that music improves quality of life, and that live performances should be accessible to all people regardless of age, race, or economic background. Through CPP, Boston school children receive hands-on, individualized musical education, and underserved audiences of all ages experience top quality live musical performances in familiar settings, bringing the power of live music to disadvantaged communities where few such opportunities exist. The program also provides valuable training and experience to Conservatory students, fostering a dedication to community service that they carry forward throughout their careers. Each year, more than 400 CPP programs reach approximately 14,000 children and adults from all walks of life throughout the greater Boston area. Our 120 community partners include schools, libraries, nursing homes, hospitals, homeless shelters and many other respected community institutions.

Budget  $250,000.00
Category  Arts, Culture & Humanities, General/Other Music
Population Served General/Unspecified At-Risk Populations Children and Youth (0 - 19 years)
Program Short-Term Success  -
Program Long-Term Success  -
Program Success Monitored By  -
Examples of Program Success  -

Scholarships

Each year, thousands of young musicians from the U.S. and abroad apply for admission to NEC. For many, scholarships and financial aid are crucial factors in their ability to attend the Conservatory, or even to contemplate pursuing a career in music. The need is great: 98% of NEC applicants request financial aid, and 90% of our students receive some level of assistance. This support affords talented students the opportunity to pursue their passion, as they strive to establish themselves in a vitally important field that offers few financial rewards but has a significant impact on society. All students who receive scholarship support also benefit from the encouragement of knowing that others share a commitment to their education and to their becoming the music leaders of the future.
Budget  $12,000,000.00
Category  Education, General/Other Postsecondary Education
Population Served College Aged (18-26 years)
Program Short-Term Success  -
Program Long-Term Success  -
Program Success Monitored By  -
Examples of Program Success  -

Student Life and Performance Center

As the centerpiece of NEC’s Campus Master Plan, the Student Life and Performance Center (SLPC) will address essential needs for living, performance and educational facilities to advance NEC’s core educational and artistic mission. The 135,000 square-foot fully accessible building will consist of a public performance complex at the base of a ten-story student residence, with learning, rehearsal and performance spaces including an Orchestra Room, Large Ensemble Room, Opera Center / Black Box Theater, a dining commons and a state-of-the-art library. Surrounded by a new green streetscape, a transparent facade will present an inviting face to the community, revealing welcoming spaces and vibrant music-making. As Jordan Hall did more than a century ago, the SLPC will transform our institution and open NEC to the community in new ways, while providing our students with a physical environment and facilities that reinforce and promote the standards of excellence they strive for in their art. 

Budget  $85,000,000.00
Category  Arts, Culture & Humanities, General/Other General Arts Education
Population Served College Aged (18-26 years) K-12 (5-19 years) General/Unspecified
Program Short-Term Success 


Program Long-Term Success 


Program Success Monitored By  --
Examples of Program Success 
-

CEO/Executive Director/Board Comments

--

Management


CEO/Executive Director Mr. Tony Woodcock
CEO Term Start June 2007
CEO Email [email protected]
CEO Experience


Co-CEO --
Co-CEO Term Start --
Co-CEO Email --
Co-CEO Experience


Former CEOs and Terms

Name Start End
-- -- --

Senior Staff

Name Title Experience/Biography
Ms. Leslie Wu Foley Dean and Executive Director, Preparatory & Continuing Education --
Mr. Don E. Jones Executive Vice President for Institutional Advancement


Mr. Edward Lesser Senior Vice President, Finance & Operations


Mr. Thomas Novak Provost & Dean of the College


Ms. Carol Phelan Vice President, Marketing & Communications --
Ms. Kairyn L. Rainer Chief of Staff --

Awards

Award Awarding Organization Year
-- -- --

Affiliations

Affiliation Year
-- --
Member of state association of nonprofits? No
Name of state association --

External Assessments and Accreditations

External Assessment or Accreditation Year
National Association of Schools of Music - Accreditation --
New England Association of Schools and Colleges --

Collaborations

--

CEO/Executive Director/Board Comments

--

Foundation Comments

--

Staff Information

Number of Full Time Staff 134
Number of Part Time Staff 35
Number of Volunteers 200
Number of Contract Staff 0
Staff Retention Rate % 90%

Staff Demographics

Ethnicity African American/Black: 5
Asian American/Pacific Islander: 16
Caucasian: 91
Hispanic/Latino: 6
Native American/American Indian: 3
Other: 61
Other (if specified): (not specified)
Gender Female: 94
Male: 81
Not Specified 0

Plans & Policies

Organization has Fundraising Plan? Under Development
Organization has Strategic Plan? Yes
Years Strategic Plan Considers 6
Management Succession Plan Under Development
Business Continuity of Operations Plan No
Organization Policies And Procedures Yes
Nondiscrimination Policy Yes
Whistle Blower Policy Yes
Document Destruction Policy No
Directors and Officers Insurance Policy --
State Charitable Solicitations Permit --
State Registration --

Risk Management Provisions

--

Reporting and Evaluations

Management Reports to Board? Yes
CEO Formal Evaluation and Frequency Yes Annually
Senior Management Formal Evaluation and Frequency Yes Annually
Non Management Formal Evaluation and Frequency Yes Annually

Governance


Board Chair Mr. Kennett F. Burnes
Board Chair Company Affiliation Director, State Street Corporation; Director, Watts Water Technologies, Inc.; Retired CEO, Cabot Corporation
Board Chair Term Aug 2014 -
Board Co-Chair --
Board Co-Chair Company Affiliation --
Board Co-Chair Term -

Board Members

Name Company Affiliations Status
Mr. Steven P. Akin Retired Voting
Mr. Michael J. Anderson Spencer Stuart Voting
Mr. Thomas W. Blumenthal The Baupost Group, LLC Voting
Mr. Joseph L. Bower Director, Loews Corporation Inc.; Donald K. David Professor of Business Administration, Harvard University Business School NonVoting
Mr. Blair Brown Charrette (sold to Berkshire Partners LLC) NonVoting
Mr. Kennett F. Burnes State Street Corporation Voting
Ms. Carroll L. Cabot Community Volunteer NonVoting
Mr. Gene D. Dahmen Verrill Dana LLP NonVoting
Ms. Barbara (Suki) de Bragança Community Volunteer Voting
Ms. Deborah B. Elfers '82 Community Volunteer Voting
Mr. Peter C. Erichsen Ropes & Gray Voting
Mr. Alan Ett '78 Alan Ett Music Group Voting
Ms. Corinne Ferguson Community Volunteer Voting
Mr. J. Stephen Friedlaender HMFH Architects, Inc. NonVoting
Mr. Timothy Fulham Fulham & Co. Voting
Mr. Samuel L. Hayes III Tiffany & Co.; Eaton Vance NonVoting
Ms. Carol T. Henderson Community Volunteer NonVoting
Ms. Eloise W. Hodges Community Volunteer Voting
Ms. Nancy Noble Holland '95 Neighborhood Unitarian Universalist Church of Pasadena Voting
Mr. John L. Hornor '53, '55, '57 Community Volunteer NonVoting
Ms. Saj-nicole Joni Cambridge International Group Voting
Mr. Justin R. Lindsey Founder, The Center for Applied Analytics (TAAC) Voting
Mr. John M. Loder Partner, Ropes and Gray, LLP Voting
Mr. Thomas B. McGrath Crossroads Media Voting
Mr. Richard P. Morse Private Investor NonVoting
Ms. Katharine M. Pell Community Volunteer NonVoting
Mr. E. Lee Perry Community Volunteer Voting
Ms. Helen C. Powell Community Volunteer Voting
Mr. Harold I. Pratt Nichols & Pratt, LLP Voting
Mr. Patrick M. Prevost Cabot Corporation Voting
Mr. David W. Scudder '03 hon. D.M. Aureus Asset Management, LLC NonVoting
Ms. Isabel Mary (Wendy) Shattuck '75 Community Volunteer Voting
Mr. Norton Q. Sloan Retired Voting
Mr. Thurmond Smithgall '71 Teatro Grattacielo Voting
Ms. Prudence L. Steiner Community Volunteer NonVoting
Mr. James L. Terry '98 hon. D.M. Palmer & Dodge LLP NonVoting
Mr. Michael Thonis Charlesbank Voting
Ms. Jennifer S. Uhrig Fidelity Investments Voting
Mr. Timothy L. Vaill Boston Private Financial Holdings Voting
Mr. Jack H. Vernon Vernon Consulting NonVoting
Mr. Tony Woodcock New England Conservatory Exofficio
Ms. Joan H. Yogg Community Volunteer Voting

Constituent Board Members

Name Company Affiliations Status
Mr. Clint Bajakian -- NonVoting
Ms. Hope Lincoln Baker -- NonVoting
Ms. Enid L. Beal -- NonVoting
Mr. John E. Beard -- NonVoting
Mr. Henry Becton -- NonVoting
Ms. Dani Bedoni -- NonVoting
Ms. Nancy Bern -- NonVoting
Mr. Walter S. Bernheimer II -- NonVoting
Mr. J. Eric Brosius -- NonVoting
Mr. Andrew M. Carter -- NonVoting
Mr. Michael Cirami -- NonVoting
Mr. W. Read Coughlin -- NonVoting
Mr. Thomas A. Erickson -- NonVoting
Mr. Marvin E. Gilmore Jr., '51 -- NonVoting
Mrs. Barbara W. Glauber -- NonVoting
Mr. Edwin D. Graves Jr., '87 M.M. -- NonVoting
Mr. Eric A. Gray -- NonVoting
Mr. Kurt Gutenbrunner -- NonVoting
Mr. Carl Haney -- NonVoting
Ms. Evelyn A. Haralampu -- NonVoting
Mr. Bruce M. Hauben -- NonVoting
Mrs. Setsuko Hori -- NonVoting
Mr. Horace H. Irvine II -- NonVoting
Mrs. Elizabeth Ives -- NonVoting
Mr. Edward N. Krapels -- NonVoting
Mrs. Marie P. Llewellyn -- NonVoting
Mrs. Carolyn A. Lynch -- NonVoting
Ms. Jane E. Manopoli Patterson -- NonVoting
Mr. Paul Marcus -- NonVoting
Mr. William W. Martin -- --
Mr. Paul M. Montrone -- NonVoting
Mrs. Lisa M. Mooney -- NonVoting
Mrs. Virginia L. Nicholas -- NonVoting
Ms. Hilda Ochoa-Brillembourg -- NonVoting
Mr. Ellis L. Phillips III '75 -- NonVoting
Mr. William F. Pounds -- NonVoting
Mr. Michael J. Puzo -- NonVoting
Mr. David L. Raish -- NonVoting
Ms. Susan Kent Reed -- NonVoting
Ms. Donna Maria Regis '79 -- NonVoting
Mr. Allan G. Rodgers -- NonVoting
Mr. Benjamin Roe -- NonVoting
Mrs. Mary M. Rowe -- NonVoting
Ms. Sally L. Rubin -- NonVoting
Mr. John Rudicus -- NonVoting
Ms. Margarita Rudyak -- NonVoting
Mr. Paul W. Sandman -- NonVoting
Mrs. Ruth C. Scheer -- NonVoting
Mr. Tony Schemmer -- NonVoting
Ms. Kathleen I. Schuller-Bleakie -- NonVoting
Ms. Deborah L. Smith -- NonVoting
Mr. John B. Stanbury -- NonVoting
Mr. Malcolm Wright -- NonVoting

Youth Board Members

Name Company Affiliations Status
-- -- --

Advisory Board Members

Name Company Affiliations Status
Ms. Rumiko Adamowicz -- --
Mr. Peter Aitken -- NonVoting
Ms. Barbara Arafeh '53 -- NonVoting
Mr. Jeffrey P. Barnett -- NonVoting
Mr. and Mrs. Bruce and Peggy Barter -- NonVoting
Mr. Bob Blumenthal -- NonVoting
Mr. Don Bourne -- NonVoting
Ms. Janet Bragg -- NonVoting
Ms. Diane Katzenberg Braun '01 M.M. -- NonVoting
Mr. H. Franklin Bunn -- NonVoting
Ms. Renee Burns -- NonVoting
Ms. Sara Snow Cabot -- NonVoting
Mr. John A. Carey -- NonVoting
Ms. Regina Carter '82 -- NonVoting
Mr. Ron Carter '99 hon. D.M. -- NonVoting
Ms. Rosalind Chua '65 '67 M.M. -- NonVoting
Mr. Lionel “Freddy” Cole '56 -- NonVoting
Ms. Emily S. Corbato '65 -- NonVoting
Mr. Robert W. Cross '81 -- NonVoting
Ms. Morella M. de Grossmann -- NonVoting
Ms. Gloria dePasquale '71, '73 M.M. -- NonVoting
Ms. Joanne Walton Dickinson -- NonVoting
Mr. Jimmy Earl '81 -- NonVoting
Mr. Charles J. Freifeld -- NonVoting
Ms. Marion R. Fremont-Smith -- NonVoting
Ms. Lisa Frusztajer -- NonVoting
Ms. Cathy Fuller '82 '88 M.M. -- NonVoting
Mr. David H. Gaylin '76 M.M. -- NonVoting
Mr. Thatcher Gearhart -- --
Mr. John Geller '65 -- NonVoting
Mr. Asim Ghaffar -- NonVoting
Ms. Loretta Giles -- NonVoting
Mr. and Mrs. Avram and Carol Goldberg -- NonVoting
Ms. Denyce Graves '88 D.P. -- NonVoting
Mr. William Grote -- NonVoting
Mr. and Mrs. Naoko Sakurai-Hague '73 and Donald Hague -- NonVoting
Ms. Deborah Hanley -- NonVoting
Mr. William C.S. Hicks -- NonVoting
Mr. Jeffrey D. Hutchins -- NonVoting
Mr. Raymond Jackson '55 -- NonVoting
Mr. Warren Jones '73 -- NonVoting
Mr. Barry A. Kean -- NonVoting
Ms. Joan Bennett Kennedy -- NonVoting
Mr. George Kent '60 M.M. -- NonVoting
Mr. Miguel A. Leibovich, M.D. -- NonVoting
Ms. LeAnn Lindsey -- NonVoting
Ms. Elizabeth Lintz '97 -- NonVoting
Ms. Margaret M. Lioi '76 M.M. -- NonVoting
Ms. Adelaide MacMurray-Cooper -- NonVoting
Ms. Melody McDonald '70 M.M. -- NonVoting
Ms. Joy McIntyre '63 M.M. -- NonVoting
Ms. Carol A. McKeen '83 M.M. -- NonVoting
Ms. Janice Meyerson '75 -- NonVoting
Mr. Pete Michaels -- NonVoting
Ms. Trudi Mishara '53 -- NonVoting
Ms. Anne DePardo Modugno '50 -- NonVoting
Ms. Ingrid T. Monson '82 -- --
Mr. Dan Novak -- NonVoting
Ms. Cindy Null -- NonVoting
Mr. Geoffrey Nunes -- NonVoting
Mr. Morgan Palmer -- NonVoting
Mr. John S. Paolella -- NonVoting
Mr. Samuel Plimpton Sr. -- NonVoting
Mr. Peter S. Plumb '66 -- NonVoting
Mr. Larry Poons '57 -- NonVoting
Mr. Conrad M. Pope '73 -- NonVoting
Ms. Virginia Raad '48 -- NonVoting
Mr. Watson Reid -- NonVoting
Ms. Linda Reineman -- NonVoting
Ms. Julie A. Reveley '79 -- NonVoting
Ms. Anne R. Righter -- NonVoting
Ms. Mercedes Rodman -- NonVoting
Ms. Ann Ellen Rutherford -- NonVoting
Mr. Stephen Schiffman -- NonVoting
Mr. Melvin Scovell -- NonVoting
Mr. Peter W. Segal -- NonVoting
Ms. Katherine Sipolt -- NonVoting
Ms. Katie Lempert Sklar '92 -- NonVoting
Ms. Eve E. Slater -- NonVoting
Mr. Gerald Slavet -- NonVoting
Mr. Pearson Spaght -- NonVoting
Ms. Emilie Steele -- NonVoting
Ms. Marylen R. Sternweiler -- NonVoting
Mr. Bruce Stevens -- NonVoting
Ms. Jane Stuber -- NonVoting
Mr. C. Winfield Swarr '62, '65 M.M. -- NonVoting
Mr. Stephen L. Symchych -- NonVoting
Mr. Henri Termeer -- NonVoting
Mr. John L. Thorndike -- NonVoting
Ms. Christina Tiemann -- NonVoting
Mr. Joseph S. Tulchin -- NonVoting
Ms. Nancy Watters -- NonVoting
Mr. and Mrs. Sandra and Barnet Weinstein -- NonVoting
Ms. Linda Williams -- NonVoting
Mr. Michael Williams '81 M.M. -- NonVoting
Ms. Janet Wu -- NonVoting
Ms. Joan H. Yogg -- --

Board Demographics

Ethnicity African American/Black: 0
Asian American/Pacific Islander: 1
Caucasian: 24
Hispanic/Latino: 0
Native American/American Indian: 0
Other: 1
Other (if specified): 0
Gender Female: 9
Male: 16
Not Specified 0

Board Information

Board Term Lengths 3
Board Term Limits 4
Board Meeting Attendance % 72%
Written Board Selection Criteria Yes
Written Conflict Of Interest Policy Yes
Percentage of Monetary Contributions 100%
Percentage of In-Kind Contributions --
Constituency Includes Client Representation No

Standing Committees

  • Audit
  • Board Governance
  • Facilities
  • Finance
  • Institutional Advancement
  • Investment

CEO/Executive Director/Board Comments

--

Foundation Comments

--

Financials


Revenue vs. Expense ($000s)

Expense Breakdown 2013 (%)

Expense Breakdown 2012 (%)

Expense Breakdown 2011 (%)

Fiscal Year July 01, 2014 to June 30, 2015
Projected Income $38,652,197.00
Projected Expense $39,468,176.00
Form 990s

2014 Form 990

2013 Form 990

2012 Form 990

2011 Form 990

2010 Form 990

2009 Form 990

Audit Documents

2014 Audited Financials

2013 Audited Financials

2012 Audited Financials

2011 Audited Financials

2010 Audited Financials

IRS Letter of Exemption

IRS Letter of Determination

Prior Three Years Total Revenue and Expense Totals

Fiscal Year 2013 2012 2011
Total Revenue $55,190,544 $51,383,485 $43,336,755
Total Expenses $51,162,500 $48,745,234 $51,873,780

Prior Three Years Revenue Sources

Fiscal Year 2013 2012 2011
Foundation and
Corporation Contributions
-- -- --
Government Contributions $-2,919 $91,789 $141,076
    Federal -- -- --
    State -- -- --
    Local -- -- --
    Unspecified $-2,919 $91,789 $141,076
Individual Contributions $13,201,717 $12,679,740 $5,879,941
Indirect Public Support -- -- --
Earned Revenue $37,379,745 $35,788,075 $34,715,576
Investment Income, Net of Losses $2,857,617 $2,098,406 $2,022,004
Membership Dues -- -- --
Special Events $566,578 $639,977 $524,615
Revenue In-Kind -- -- --
Other $1,187,806 $85,498 $53,543

Prior Three Years Expense Allocations

Fiscal Year 2013 2012 2011
Program Expense $42,751,200 $40,073,374 $39,544,770
Administration Expense $5,394,163 $5,673,574 $9,861,187
Fundraising Expense $3,017,137 $2,998,286 $2,467,823
Payments to Affiliates -- -- --
Total Revenue/Total Expenses 1.08 1.05 0.84
Program Expense/Total Expenses 84% 82% 76%
Fundraising Expense/Contributed Revenue 22% 22% 38%

Prior Three Years Assets and Liabilities

Fiscal Year 2013 2012 2011
Total Assets $170,746,161 $161,739,606 $163,132,651
Current Assets $16,961,084 $19,198,994 $16,463,427
Long-Term Liabilities $21,002,411 $21,822,432 $22,157,050
Current Liabilities $8,564,720 $7,558,550 $7,301,610
Total Net Assets $141,179,030 $132,358,624 $133,673,991

Prior Three Years Top Three Funding Sources

Fiscal Year 2013 2012 2011
1st (Source and Amount) -- --
-- --
-- --
2nd (Source and Amount) -- --
-- --
-- --
3rd (Source and Amount) -- --
-- --
-- --

Financial Planning

Endowment Value $112,050,062.00
Spending Policy Percentage
Percentage(If selected) 5.0%
Credit Line Yes
Reserve Fund Yes
How many months does reserve cover? --

Capital Campaign

Are you currently in a Capital Campaign? Yes
Capital Campaign Purpose The Leadership Gift Initiative seeks capital support for the construction of a new Student Life and Performance Center and for Endowed Scholarships, as well as operating support for specific Academic Initiatives.
Campaign Goal $83,500,000.00
Capital Campaign Dates July 2011 - June 2017
Capital Campaign Raised-to-Date Amount --
Capital Campaign Anticipated in Next 5 Years? --

Short Term Solvency

Fiscal Year 2013 2012 2011
Current Ratio: Current Assets/Current Liabilities 1.98 2.54 2.25

Long Term Solvency

Fiscal Year 2013 2012 2011
Long-term Liabilities/Total Assets 12% 13% 14%

CEO/Executive Director/Board Comments

Foundation Comments

Financial summary data in the charts and graphs above are per the organization's IRS Form 990s.  Contributions from foundations and corporations are listed under individuals when the breakout was not available.

Documents


Other Documents

No Other Documents currently available.

Impact

The Impact tab is a section on the Giving Common added in October 2013; as such the majority of nonprofits have not yet had the chance to complete this voluntary section. The purpose of the Impact section is to ask five deceptively simple questions that require reflection and promote communication about what really matters – results. The goal is to encourage strategic thinking about how a nonprofit will achieve its goals. The following Impact questions are being completed by nonprofits slowly, thoughtfully and at the right time for their respective organizations to ensure the most accurate information possible.


1. What is your organization aiming to accomplish?

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2. What are your strategies for making this happen?

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3. What are your organization’s capabilities for doing this?

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4. How will your organization know if you are making progress?

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5. What have and haven’t you accomplished so far?

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