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Filing year 2023

BERKLEE COLLEGE OF MUSIC INC

Boston, Massachusetts·EIN 04-2300472·NTEE B420 · Education·501(c)(3)
Total revenue
$441.4M
Total assets
$953.1M
Total expenses
$448.6M
Reported officers
49
Mission

THE MISSION OF BERKLEE COLLEGE OF MUSIC IS TO FOSTER, ENCOURAGE AND PROMOTE THE CULTURE, STUDY, PRACTICE AND TEACHING OF VARIOUS BRANCHES OF MUSIC, THEATER, DANCING AND KINDRED ARTS AND TO CONDUCT A CONSERVATORY FOR INSTRUCTION IN THE VARIOUS BRANCHES OF MUSIC, THEATER, DANCING AND KINDRED ARTS.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 18 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at Education organizations in Massachusetts.

President (through 7/28/23)
Above 90th percentile
$1.8M
$1.9M
Base
$389k
Bonus
$50k
Other
$1.3M
Benefits
$20k
Interim President (beg. 6/19/23)
Above 90th percentile
$544k
$599k
Base
$419k
Bonus
$41k
Other
$21k
Benefits
$33k
Senior Vice President
75th to 90th percentilevs Education peers nationwide
$518k
$570k
Base
$402k
Bonus
$43k
Other
$12k
Benefits
$31k
Senior Vice President
75th to 90th percentilevs Education peers nationwide
$471k
$519k
Base
$356k
Bonus
$36k
Other
$28k
Benefits
$21k
Senior Vice President
75th to 90th percentilevs Education peers nationwide
$451k
$497k
Base
$348k
Bonus
$42k
Other
$15k
Benefits
$16k
VP & Chief Info. Officer
Board Vice President
Above 90th percentile
$403k
$444k
Base
$322k
Bonus
$23k
Other
$6k
Benefits
Senior Vice President, HR
Senior Vice President
75th to 90th percentilevs Education peers nationwide
$374k
$412k
Base
$286k
Bonus
$35k
Other
$13k
Benefits
$11k
Former VP (end 12/31/22)
Board Vice President
75th to 90th percentile
$355k
$391k
Base
$12k
Bonus
Other
$337k
Benefits
$1k
VP & Ed
Board Vice President
75th to 90th percentile
$344k
$378k
Base
$233k
Bonus
$19k
Other
$32k
Benefits
$33k
Former CFO & CIO (9/22-8/23)
Former Officer/director/trustee
75th to 90th percentile
$328k
$362k
Base
$207k
Bonus
$36k
Other
$29k
Benefits
$15k
Former Interim CFO (9/1/22-5/14/23)
Former Officer/director/trustee
75th to 90th percentile
$322k
$355k
Base
$175k
Bonus
Other
$103k
Benefits
$30k
Assoc Vp, Career Strgy & Svcs
Board Vice President
75th to 90th percentile
$318k
$350k
Base
$244k
Bonus
$10k
Other
$10k
Benefits
$29k
Senior VP for Campus Culture
Senior Vice President
Median to 75th percentilevs Education peers nationwide
$318k
$350k
Base
$252k
Bonus
$30k
Other
$8k
Benefits
$1k
Interim Head of Technology
Highest Compensated Employee
75th to 90th percentile
$312k
$344k
Base
$257k
Bonus
Other
Benefits
$32k
VP of Finance (end 03/07/24)
Board Vice President
75th to 90th percentile
$288k
$317k
Base
$221k
Bonus
$15k
Other
$21k
Benefits
$16k
Interim Ed (beginning 8/1/23)
Officer (Unspecified)
$286k
$315k
Base
$201k
Bonus
$12k
Other
$853
Benefits
$30k
Secretary (beginning 8/1/21)
Secretary (Operational)
75th to 90th percentilevs Education peers nationwide
$271k
$299k
Base
$232k
Bonus
$16k
Other
$824
Benefits
Interim CFO (beginning 8/1/23)
Median to 75th percentile
$183k
$201k
Base
$156k
Bonus
Other
$2k
Benefits
$12k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Boston-Cambridge-Newton, MA-NH metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 31 unpaid individuals.

Browse compensation in Education

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at BERKLEE COLLEGE OF MUSIC INC equaled 0.4% of the organization's total expenses. The median for education organizations is 7%.

This organization (2023)
0.4%
Sector median
7%
Middle half of sector
2% to 17%

Based on 26,320 education organizations, each measured at its most recent filing year with reported expenses and compensation.

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

Up 143%
from 2022

From $726k in 2022 to $1.8M in 2023.

$726k
2022
$1.8M
2023
In today's dollarsEst.
Up 135% in real terms$829k to $1.9M

Estimated with Boston-Cambridge-Newton, MA-NH metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay rose 143% from 2022 to 2023, while revenue rose 5%.

$726k in 2022 to $1.8M in 2023.
  • Senior Vice President pay rose 16% from 2022 to 2023.
  • Board Vice President pay rose 1% from 2022 to 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about BERKLEE COLLEGE OF MUSIC INC

What does the Chief Executive Officer of BERKLEE COLLEGE OF MUSIC INC earn?

In 2023, the Chief Executive Officer of BERKLEE COLLEGE OF MUSIC INC received $1,767,579 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among Education organizations in Massachusetts: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at BERKLEE COLLEGE OF MUSIC INC compare with similar nonprofits?

Compared with the same role at Education organizations in Massachusetts, the 2023 pay of the Chief Executive Officer at BERKLEE COLLEGE OF MUSIC INC falls in the top 10%. In 2023, the highest total compensation at BERKLEE COLLEGE OF MUSIC INC equaled 0.4% of the organization's total expenses. The median for education organizations is 7%.

What are BERKLEE COLLEGE OF MUSIC INC's revenue and expenses?

In 2023, BERKLEE COLLEGE OF MUSIC INC reported $441.4M in total revenue and $448.6M in total expenses on its IRS Form 990.

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