501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
$3.4M paid to officers and key staff.
Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $7.0M a year · 2% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$3.4M
to officers and key staff · 1% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
3 mo
of spending, in cash
Plus $183.9M in investments, Pt X · Ln 11–13
Looks good: 3.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $59K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$596.3M
57% of total assets
Fine: liabilities are 57% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
31
of 32 voting members
Looks good: 31 of 32 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$281.1M
Spent
$270.1M
To programs
84%
Net assets
$451.5M
By yearFY2020–FY2025
Revenue
$281.1M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$281.1M
FY2021$275.7M
FY2022$331.2M
FY2023$331.8M
FY2024$345.5M
FY2025$340.2M
Expenses
$270.1M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$270.1M
FY2021$275.2M
FY2022$308.0M
FY2023$319.0M
FY2024$342.5M
FY2025$348.8M
Net assets
$451.5M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$451.5M
FY2021$526.0M
FY2022$515.3M
FY2023$550.8M
FY2024$584.0M
FY2025$606.0M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1959.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $227.7M Management & general 13% · $36.4M Fundraising 2% · $6.0M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

43 people listed on the 990; $3.4M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
President/Trustee
$754,208Pt VII · Sec A
VP for Inst Adv. (thru 09/2019)
$410,563Pt VII · Sec A
Provost & VP for Academic Aff.
$335,095Pt VII · Sec A
VP for Enrollment Management
$292,989Pt VII · Sec A
VP & Exe. Dir., L.a. Program
$284,867Pt VII · Sec A
VP for Information Technology
$277,333Pt VII · Sec A
VP for Govt & Community Relations
$266,310Pt VII · Sec A
VP for Equity & Social Justice
$249,202Pt VII · Sec A

Jay Bernhardt’s $860K as President is at the 68th percentile of top reported officer pay among 674 $100M+ education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
William Gilligan—$463,837$934,593$632,465$290,638$277,333
Jay Bernhardt$859,615$512,601————
M Lee Pelton———$381,041$755,038$754,208
Paul Dworkis$452,976$456,992$436,023$359,120$356,922$52,154
David Christopher Howse—$428,403$293,271$248,906——
Ronald Korvas—————$410,563
Michaele Whelan———$367,060$334,794$335,095
Allison Dawson$354,187—————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Emerson College executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Educates and trains artists, communicators, and professionals through experiential teaching, inclusive performances, and supportive campus services to prepare them for impactful careers.

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Provided by the organization

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2 programs · $227.7M · in their own filed words · FY2019
01

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.

$167.7Mprogram expense
02

Auxiliary enterprises provide services for the students to ensure they are appropriately supported. The services predominantly include room, board, theatre operations and the bookstore.

$60.0Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
See all 5 funders →
Grants paid · 8 grants · $394.1M · 2019–2024
Unitemized GrantFY2024$74,835,431
Unitemized GrantFY2023$72,044,234
Unitemized GrantFY2022$69,267,951
Unitemized GrantFY2021$64,552,313
Unitemized GrantFY2021$3,443,056
Unitemized GrantFY2020$57,233,826
Unitemized GrantFY2020$2,209,829
Unitemized GrantFY2019$50,466,904

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$281.1M
Ln 12
Fees for servicesLn 2g$256.7M
Gifts and grantsLn 1h$8.6M
Investment incomeLn 3$8.2M
Money outPt IX
$270.1M
Ln 25
Programscol B$227.7M
Managementcol C$36.4M
Fundraisingcol D$6.0M
Owns and owesPt X
$451.5M
net assets · Ln 32
Cash and savingsLn 1–2$73.7M
Total assetsLn 16$1.0B
LiabilitiesLn 26$596.3M
PeoplePt VI, VII
43
listed · VII A
PaidVII A11
Voting boardVI 1a32
IndependentVI 1b31
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$8.6M
Government grantsLn 1e$2.4M
Noncash giftsLn 1g$715K
Fees for servicesLn 2g$256.7M
Investment incomeLn 3$8.2M
Other incomeLn 4–11$7.7M
Gains on assetsLn 7$3.4M
Total revenueLn 12$281.1M
Assets in detailPt X, end of year
CashLn 1$136K
SavingsLn 2$73.6M
Cash and savings togetherLn 1–2$73.7M
InvestmentsLn 11–13$183.9M
Land, buildings, equipmentLn 10c$774.0M
Other assetsLn 15$2.5M
Total assetsLn 16$1.0B
LiabilitiesLn 26$596.3M
Net assetsLn 32$451.5M
OperationsPt I, VI
EmployeesI 53,504
VolunteersI 61,077
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$69.4M$73.7M
InvestmentsLn 11–13$200.3M$183.9M
Land, buildings, equipmentLn 10c$763.4M$774.0M
Total assetsLn 16$1.05B$1.05B
LiabilitiesLn 26$608.3M$596.3M
Net assetsLn 32$441.8M$451.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$50.5M$50.5M
Grants and assistance to foreign recipientsLn 3$1.7M$1.7M
Pay of current officers, directors and key staffLn 5$2.2M$1.4M$263K$605K
Pay of disqualified personsLn 6$46K$46K
Other salaries and wagesLn 7$83.8M$68.1M$12.9M$2.7M
Pension plan contributionsLn 8$5.0M$4.0M$762K$194K
Other employee benefitsLn 9$12.5M$9.8M$1.9M$914K
Payroll taxesLn 10$5.9M$4.7M$905K$229K
Legal feesLn 11b$1.5M$1.5M
Accounting feesLn 11c$316K$316K
Lobbying feesLn 11d$50$50
Investment management feesLn 11f$379K$379K
Other fees for servicesLn 11g$1.6M$1.2M$360K$1K
Advertising and promotionLn 12$1.6M$1.3M$254K$51K
Office expensesLn 13$7.2M$6.0M$1.1M$74K
Information technologyLn 14$3.4M$2.8M$535K$71K
OccupancyLn 16$8.5M$6.7M$1.3M$601K
TravelLn 17$2.0M$1.6M$310K$53K
Conferences, conventions and meetingsLn 19$1.3M$976K$186K$122K
InterestLn 20$22.0M$18.5M$3.5M
Depreciation, depletion and amortizationLn 22$20.3M$17.0M$3.2M
InsuranceLn 23$5.0M$4.2M$793K
Other expenses (24a–d)Ln 24$33.3M$27.2M$5.8M$300K
Total functional expensesLn 25$270.1M$227.7M$36.4M$6.0M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $340.2M$348.8M−$8.5M$606.0M 990 PDF
FY2024 $345.5M$342.5M$3.0M$584.0M 990 PDF
FY2023 $331.8M$319.0M$12.9M$550.8M 990 PDF
FY2022 $331.2M$308.0M$23.2M$515.3M 990 PDF
FY2021 $275.7M$275.2M$465K$526.0M 990 PDF
FY2020 Viewing $281.1M$270.1M$11.0M$451.5M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support F · Foreign M · Noncash J · Pay O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $281,067,638 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $9,744,382$8,553,598
I-9 Program service revenuePrior year $234,725,445$256,656,858
I-10 Investment incomePrior year $9,811,066$8,170,290
I-11 Other revenuePrior year $9,862,302$7,686,892
I-12 Total revenuePrior year $264,143,195$281,067,638
I-13 Grants and similar amounts paidPrior year $47,992,150$52,130,599
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $104,230,049$109,460,847
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $104,159,434$108,485,131
I-18 Total expensesPrior year $256,381,633$270,076,577
I-19 Revenue less expensesPrior year $7,761,562$10,991,061
Part VI · Governance 31 of 32 board members independent, 1 to look at
VI-1a Voting members of the governing body32
VI-1b Independent voting members31
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $281,067,638 across 11 lines filed
VIII-1e Government grants$2,425,636
VIII-1f All other contributions, gifts and grants$6,127,962
VIII-1g Noncash contributions (included above)$715,046
VIII-1h Total contributions, gifts and grants$8,553,598
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $256,656,858$256,656,858
VIII-3 Investment incomeExcluded from tax $4,722,861$4,722,861
VIII-5 RoyaltiesExcluded from tax $2,604,000$2,604,000
VIII-6 Net rental income or lossExcluded from tax −$206,441−$206,441
VIII-7 Net gain or loss on sales of assetsExcluded from tax $3,447,429$3,447,429
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $4,459,266 · Unrelated business $830,067$5,289,333
VIII-12 Total revenueRelated to mission $261,116,124 · Unrelated business $830,067 · Excluded from tax $10,567,849$281,067,638
Part IX · Statement of functional expenses $270,076,577 across 23 lines filed
IX-2 Grants to domestic individualsPrograms $50,466,904$50,466,904
IX-3 Grants and assistance to foreign recipientsPrograms $1,663,695$1,663,695
IX-5 Pay of current officers, directors and key staffPrograms $1,379,747 · Management $262,809 · Fundraising $604,750$2,247,306
IX-6 Pay of disqualified personsManagement $46,107$46,107
IX-7 Other salaries and wagesPrograms $68,088,807 · Management $12,932,361 · Fundraising $2,747,340$83,768,508
IX-8 Pension plan contributionsPrograms $4,018,859 · Management $762,070 · Fundraising $193,923$4,974,852
IX-9 Other employee benefitsPrograms $9,772,308 · Management $1,855,647 · Fundraising $913,578$12,541,533
IX-10 Payroll taxesPrograms $4,748,850 · Management $904,543 · Fundraising $229,148$5,882,541
IX-11b Legal feesManagement $1,513,686$1,513,686
IX-11c Accounting feesManagement $315,846$315,846
IX-11d Lobbying feesManagement $50$50
IX-11f Investment management feesManagement $378,820$378,820
IX-11g Other fees for servicesPrograms $1,209,092 · Management $360,253 · Fundraising $1,479$1,570,824
IX-12 Advertising and promotionPrograms $1,332,543 · Management $253,818 · Fundraising $51,409$1,637,770
IX-13 Office expensesPrograms $5,999,543 · Management $1,142,770 · Fundraising $73,887$7,216,200
IX-14 Information technologyPrograms $2,808,603 · Management $534,972 · Fundraising $70,851$3,414,426
IX-16 OccupancyPrograms $6,664,454 · Management $1,269,419 · Fundraising $600,909$8,534,782
IX-17 TravelPrograms $1,627,325 · Management $309,967 · Fundraising $52,608$1,989,900
IX-19 Conferences, conventions and meetingsPrograms $975,681 · Management $185,845 · Fundraising $121,539$1,283,065
IX-20 InterestPrograms $18,512,450 · Management $3,526,181$22,038,631
IX-22 Depreciation, depletion and amortizationPrograms $17,047,643 · Management $3,247,170$20,294,813
IX-23 InsurancePrograms $4,164,161 · Management $793,174$4,957,335
IX-24 Other expenses (24a–d)Programs $27,192,475 · Management $5,846,929 · Fundraising $299,579$33,338,983
IX-25 Total functional expensesPrograms $227,673,140 · Management $36,442,437 · Fundraising $5,961,000$270,076,577
Part X · Balance sheet $1,047,810,953 assets, 20 lines filed
Asset lines not itemized here account for $1,668,789; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $8,722$136,096
X-2 Savings and temporary cash investmentsStart of year $69,429,403$73,569,616
X-3 Pledges and grants receivableStart of year $7,958,786$4,144,805
X-4 Accounts receivableStart of year $2,252,192$5,156,449
X-9 Prepaid expenses and deferred chargesStart of year $3,847,769$2,725,188
X-10c Land, buildings and equipment, netStart of year $763,427,731$773,973,399
X-11 Publicly traded securitiesStart of year $181,073,890$183,878,429
X-12 Other securitiesStart of year $19,254,951$63,214
X-13 Program-related investmentsStart of year $0$0
X-15 Other assetsStart of year $810,690$2,494,968
X-16 Total assetsStart of year $1,050,117,981$1,047,810,953
X-17 Accounts payable and accrued expensesStart of year $48,071,372$41,732,858
X-19 Deferred revenueStart of year $16,475,216$19,613,189
X-20 Tax-exempt bond liabilitiesStart of year $542,098,336$533,718,891
X-25 Other liabilitiesStart of year $1,636,711$1,253,658
X-26 Total liabilitiesStart of year $608,281,635$596,318,596
X-27 Net assets without donor restrictionsStart of year $398,714,605$406,305,028
X-28 Net assets with donor restrictionsStart of year $43,121,741$45,187,329
X-32 Total net assets or fund balancesStart of year $441,836,346$451,492,357
X-33 Total liabilities and net assetsStart of year $1,050,117,981$1,047,810,953
Part XI · Reconciliation of net assets $451,492,357 net assets at year end
XI-1 Total revenue$281,067,638
XI-2 Total expenses$270,076,577
XI-3 Revenue less expenses$10,991,061
XI-4 Net assets at start of year$441,836,346
XI-5 Net unrealized gains (losses) on investments−$1,335,050
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$451,492,357

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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