Overview
What is Berklee College Of Music Inc?
Berklee College of Music Inc, located at 1140 Boylston Street in Boston, Massachusetts, is a thriving nonprofit institution specializing in education and instruction in music, theater, and dance. With a team of over 4000 employees, the college is committed to nurturing students' skills and knowledge to excel in the performing arts. The college's impressive faculty and facilities cater to over 10,000 students from the U.S. and 97 foreign countries. Berklee College of Music also offers an international campus in Valencia, enabling artists worldwide to join the global music community as performers, practitioners, and leaders. The mission of Berklee College of Music is to foster, encourage, and promote various branches of music, theater, dancing, and related arts and conduct a conservatory for instruction in those fields.
Official website here: www.berklee.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% - Four-Star out of Four Stars
Berklee College Of Music Inc has received an impressive Four-Star rating from Charity Navigator, reflecting its high standards in accountability and financial management. The overall score is derived entirely from its accountability and finance beacon, indicating a strong commitment to transparency and responsible stewardship of resources. This rating is particularly significant as it showcases the institution's ability to effectively manage funds while maintaining a high level of integrity.
The organization boasts a robust governance structure, with 97% of its board members being independent. This independence enhances decision-making processes and reduces potential conflicts of interest. Additionally, Berklee has established comprehensive policies, including those for conflict of interest and whistleblower protection, ensuring ethical operations and safeguarding stakeholder interests.
Financially, Berklee College Of Music demonstrates strong performance with a program expense ratio of nearly 80%, indicating that a significant portion of its expenditures directly support its educational mission. The low liabilities to assets ratio of 42.97% further highlights its financial stability. Overall, while the organization appears to excel in many areas, continued focus on maintaining high financial health and transparency will be essential for its ongoing success.
This AI summary has been generated from information found on Charity Navigator.
Is Berklee College Of Music Inc legitimate?
Berklee College Of Music Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Berklee College Of Music Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $6,596,379
Professional Fundraising Fees: $0
Other Salaries and Wages: $177,606,006
For more financial information, click here
Official website here: www.berklee.edu
What is the mission statement of Berklee College Of Music Inc?
The Berklee College of Music is dedicated to nurturing and encouraging the exploration and mastery of various music, theater, dance, and related arts. Its mission is to foster and promote the culture, study, practice, and teaching of these disciplines through a conservatory setting. The institution provides exceptional faculty and facilities to over 10,000 students from the US and 97 foreign countries, enabling them to develop the skills and knowledge required for successful careers in music, theater, and dance. The college also offers an opportunity for artists worldwide to engage with the global music community as performers, practitioners, and leaders through its first international campus.
Official website here: www.berklee.edu
What is the revenue of Berklee College Of Music Inc?
Berklee College Of Music Inc's revenue in 2024 was $441,448,497.
Official website here: www.berklee.edu
Who are the executives of Berklee College Of Music Inc and what are their salaries?
The average compensation at Berklee College Of Music Inc during 2024 was $36,097. There are 5103 employees and 38 volunteers at Berklee College Of Music Inc.
Here are 49 key members and their salaries:
- Compensation: $1,717,413
- Related: $0
- Other: $50,166
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $480,593
- Related: $0
- Other: $62,957
- Compensation: $213,576
- Related: $0
- Other: $72,692
- Compensation: $157,965
- Related: $0
- Other: $24,749
- Compensation: $248,767
- Related: $0
- Other: $22,340
- Compensation: $457,128
- Related: $0
- Other: $60,802
- Compensation: $405,115
- Related: $0
- Other: $46,068
- Compensation: $419,811
- Related: $0
- Other: $51,034
- Compensation: $350,749
- Related: $0
- Other: $52,200
- Compensation: $333,734
- Related: $0
- Other: $40,212
- Compensation: $256,904
- Related: $0
- Other: $55,142
- Compensation: $284,297
- Related: $0
- Other: $59,308
- Compensation: $290,093
- Related: $0
- Other: $27,414
- Compensation: $263,770
- Related: $0
- Other: $54,156
- Compensation: $256,399
- Related: $0
- Other: $31,812
- Compensation: $277,321
- Related: $0
- Other: $45,123
- Compensation: $272,075
- Related: $0
- Other: $56,353
- Compensation: $348,669
- Related: $0
- Other: $6,691
Official website here: www.berklee.edu
Where can I find the form 990 for Berklee College Of Music Inc?
Berklee College Of Music Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.berklee.edu
Learn more at the official website: www.berklee.edu
Mission Statement of Berklee College Of Music Inc
Berklee College of Music, a renowned institution, is committed to nurturing and cultivating the talents of students in the realms of music, theater, and dance. With a passion for promoting and advancing various artistic branches, the college offers an immersive educational experience that goes beyond instruction. It provides a platform where students from around the world, numbering over 10,000, can develop their skills and deepen their knowledge.
Berklee College of Music's mission is multifaceted. It involves fostering, encouraging, and championing the culture, study, practice, and teaching of music, theater, dancing, and related arts. The college operates as a conservatory, providing students with exceptional faculty and top-notch facilities to excel in their chosen fields. This prestigious institution prides itself on its global outreach, opening doors for artists around the world to engage with the global music community – not only as performers but also as practitioners and leaders. The college's first international campus in Valencia further expands its reach, solidifying its position as a pioneer in the realm of arts education.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Berklee College of Music Inc plays a transformative role in the world of performing arts education, providing unparalleled training and development opportunities for aspiring musicians, actors, and dancers. With a commitment to excellence, the college serves over 10,000 students from the U.S. and 97 countries, fostering a diverse and inclusive community of artists.
The college empowers students by offering access to outstanding faculty, cutting-edge teaching facilities, and an innovative curriculum that nurtures creativity and technical skills. Through its mission to promote the culture and practice of music, theater, and dance, Berklee cultivates future leaders in the performing arts sector. The establishment of its first international campus in Valencia further expands its global reach, allowing artists worldwide to engage with Berklee's rich educational resources.
By equipping students with the knowledge and expertise needed to excel in their fields, Berklee College of Music Inc significantly impacts the cultural landscape, contributing to the growth and evolution of the arts on both local and international levels.
This information is meant to be a general summary of Berklee College Of Music Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $1,394,078
- Program Service Revenue: $412,803,864
- Gross Receipts: $443,820,839
Assets and Liabilities:
- Total Assets: $854,558,047
- Total Liabilities: $386,521,347
- Net Assets: $468,036,700
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION & FEES
Revenue
$333,083,359
BERKLEE ONLINE
Revenue
$41,301,999
ROOM & BOARD
Revenue
$33,781,759
GLOBAL INITIATIVES
Revenue
$3,857,568
PERFORMANCE CENTER
Revenue
$779,179
Organization Details
Founding Year
1945
Principal Officer
Erica Muhl
Website
www.berklee.eduNTEE Category
Code: B420 - Education
If you are a representative of Berklee College Of Music Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.