2023-05-11T09:44:41-07:00 2022-06-30 990 2021-07-01 050258810 BRYANT UNIVERSITY BRYA 4012326005 1150 DOUGLAS PIKE SMITHFIELD RI 029171284 Donna Ng VP for Business Affairs and CFO 4012326005 2023-05-11 0 11 1 AAL2 X 2021 2023-04-26 12:10:37Z ROSS GITTELL 1150 DOUGLAS PIKE SMITHFIELD RI 029171284 277512548 0 X WWW.BRYANT.EDU X 1863 RI Bryant University's mission is to educate and inspire students to discover their passion and become innovative leaders with character around the world. 31 31 1945 100 30994 0 11295196 16983208 207757727 200016226 15637492 11669562 1287297 6334713 235977712 235003709 69033290 70888782 0 0 90821248 85507011 32344 50567 2829313 65545136 67891155 225432018 224337515 10545694 10666194 549191439 630809953 150652408 231288973 398539031 399520980 Bryant University's mission is to educate and inspire students to discover their passion and become innovative leaders with character around the world. 0 0 179740840 70888782 164933095 Bryant University offers undergraduate and graduate degrees, graduate certificates, and executive education programs. The FTE for the undergraduate program in Smithfield, RI was 3,455 and the graduate program was 264. Within the undergraduate program there are two schools, the College of Arts and Sciences and the College of Business. The College of Arts and Sciences offers a wide range of study in the humanities, social sciences, mathematics, and the natural sciences. The College of Business's impressive array of business specialties offers students the depth and breadth of a large, premier business school combined with the individual attention that is a Bryant hallmark. The Graduate School of Business is part of the College of Business at Bryant, which is one of only 5% of all business programs in the world accredited by AACSB International - the Association to Advance Collegiate Schools of Business. The Graduate School of Health Sciences offers a Physician Assistant Studies Program offering exceptional medical education and hands-on training. In addition, Bryant also offers educational opportunities through the Executive Development Center. The Executive Development Center offers professional certificate programs that provide high-level management skills in critical business areas for executives, high-potential, career aspiring individuals, and growth-focused corporations. 18432607 0 41107440 Approximately 80% of the students reside on campus in the residence halls and townhouses. Living options at the University are designed to foster a gradual increase of independent lifestyle and individual responsibility. First-year students have the opportunity to establish relationships with large numbers of classmates in a more traditional setting. Sophomores and Juniors experiment with small-group living while eating in common areas with all resident students. Most seniors live independently in townhouse units with full responsibility for their cooking, cleaning, etc. All living areas include telephone, cable, and computer access. All students who live on campus, except for those in the townhouses, are required to participate in a meal plan. Bryant offers a number of plans to provide students flexible options for on-campus dining at several locations. 0 0 0 198173447 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 0 1 1 1 1 0 1 1 1 1 0 0 1 1 1 0 0 0 0 0 0 1 0 1 0 1 0 0 0 1 1 1 1 0 0 1 4245 0 1 1945 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 31 31 1 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 1 1 AK CA CO MA MD MI NH NJ NY OH OK OR PA SC VA WA X Donna Ng 4012326017 1150 Douglas Pike Attn Business Affairs Smithfield RI 029171284 Ross J Gittell President 50 0 X 592496 0 141188 Barry F Morrison VP for Business Affairs and Treasurer 50 0 X 459723 0 64598 William Smith Director of Athletics 50 0 X 311630 0 134386 Charles F LoCurto VP for Information Services/CIO 50 0 X 363260 0 69741 Michael J Pressler Head Men's Lacrosse Coach 50 0 X 375440 0 47269 David C Wegrzyn VP for University Advancement 50 0 X 333508 0 84327 Madan G Annavarjula Dean College of Business 48.00 2.00 X 325354 0 74815 Jared K Grasso Head Men's Basketball Coach 50 0 X 317727 0 40721 Inge-Lise Ameer VP Student Affairs/Dean of Students 50 0 X 279330 0 74504 Timothy T Paige VP Human Resources and Secretary 48.00 2.00 X 300249 0 49552 Daniel J Borgia Dean Bryant Zhuhai 0 50 X 296399 0 44572 Hong Yang VP International Affairs 45 5 X 275669 0 44002 Michelle L Cloutier VP of Enrollment Management 50 0 X 241176 0 42559 Roger L Anderson Faculty and FMR Exec Asst to President 50 0 X 247646 0 19355 Glenn M Sulmasy FMR Provost (Until 06/30/21) 0 0 X 183405 0 81533 Wendy Samter Dean Coll of Arts & Sci & Assoc Provost 50 0 X 222424 0 26396 Bradford D Martin Faculty Professor, FKE 50 0 X 155460 0 36259 David M Beirne Chair of the Board 5 0 X 0 0 0 Joseph F Puishys Vice-Chair of the Board 5 0 X 0 0 0 Cheryl Merchant Secretary to the Board 5 0 X 0 0 0 Tim Barton Trustee 5 0 X 0 0 0 George E Bello Trustee 5 5 X 0 0 0 P James Brady Trustee 5 0 X 0 0 0 Robert P Brown Trustee 5 0 X 0 0 0 Robert J Calabro Trustee 5 0 X 0 0 0 William J Conaty Trustee 5 0 X 0 0 0 Nancy DeViney Trustee 5 0 X 0 0 0 Scott C Donnelly Trustee 5 0 X 0 0 0 C Correll Durling Trustee (Thru 08/09/21) 5 0 X 0 0 0 Jeffrey W Gardner Trustee 5 0 X 0 0 0 Eric Handa Trustee 5 0 X 0 0 0 Ann-Marie Harrington Trustee 5 0 X 0 0 0 Skye Hazel Trustee 5 0 X 0 0 0 Christine Katziff Trustee 5 0 X 0 0 0 Diane Kazarian Trustee 5 0 X 0 0 0 Beverly Ledbetter Trustee 5 0 X 0 0 0 Robert Mead Trustee 5 0 X 0 0 0 Kristian P Moor Trustee 5 1.00 X 0 0 0 Patricia O'Brien Trsutee 5 0 X 0 0 0 Angelique M Perrone Trsutee 5 0 X 0 0 0 Gordon P Riblet Trustee 5 0 X 0 0 0 Daniel J Rice IV Trustee 5 0 X 0 0 0 Steven M Richard Trustee (Thru 02/15/22) 5 0 X 0 0 0 James V Rosati Trustee 5 0 X 0 0 0 Brian Salit Trustee 5 0 X 0 0 0 Edwin J Santos Trustee 5 0 X 0 0 0 Cynthia Schmitt-Sprinkle Trustee 5 0 X 0 0 0 Margaret M Van Bree Trustee 5 0 X 0 0 0 Rita Williams-Bogar Trustee 5 0 X 0 0 0 D Ellen Wilson Trustee 5 0 X 0 0 0 5280896 0 1075777 189 1 1 0 Sodexo 9801 Washington Blvd Gaithersburg MD 20878 Food Service 12707077 Bond Bros Inc 10 Cabot Road STE 301 Medford MA 02155 Construction 2531765 451 Marketing LLC 175 SW 7th St STE 1514 Miami FL 33130 Marketing 1061600 New England Construction Co Inc 293 Bourne Avenue Rumford RI 02916 Construction 756326 Suffolk Construction Company Inc 65 Allerton Street Boston MA 02119 Construction 737852 31 0 0 253261 0 13058384 3671563 194034 16983208 Tuition and Fees 900099 156725956 156725956 0 0 Auxiliary Enterprises 721310 41107440 40991282 0 116158 Student Services Revenues 900099 2106225 2106225 0 0 Public Service Programs 900099 76605 76605 0 0 0 0 0 0 200016226 2067106 0 -24788 2091894 548 0 -275 823 282111 0 0 282111 0 0 0 0 0 0 0 0 0 0 51807916 185182 42188096 203094 9619820 -17912 9601908 0 56057 9545851 103613 253261 115661 -12048 0 -12048 29885 1988 27897 0 0 27897 0 0 0 0 0 0 Study Abroad 900099 3420413 3420413 0 0 Athletic Events 900099 762776 762776 0 0 Other Campus Events 900099 707295 707295 0 0 1146269 1133825 0 12444 6036753 235003709 205924377 30994 12065130 0 0 68792145 68792145 2096637 2096637 0 0 4134492 1358455 2566486 209551 26919 26919 0 0 61990082 52910054 7615936 1464092 3827843 3471859 285031 70953 11227016 9705086 1191467 330463 4300659 3670718 528367 101574 0 0 0 0 288346 0 288041 305 316030 0 316030 0 0 0 0 0 50567 50567 0 0 0 0 6164907 4862715 1262287 39905 3313323 1346831 1856219 110273 1467548 1360622 66095 40831 4119825 2412460 1611641 95724 0 0 0 0 3720628 1954390 1766238 0 3349764 3253375 51640 44749 0 0 0 0 492198 415858 72017 4323 4235591 3996958 238633 0 0 0 0 0 16958593 16003146 955447 0 1774041 525319 1247767 955 Dining Services 11172435 10920733 226694 25008 Facilities Repairs 2419169 2386143 33026 0 Activities Expense 2220959 1825132 282628 113199 Athletic other 1508464 1508464 0 0 4369334 3369428 873065 126841 224337515 198173447 23334755 2829313 7117386 8296996 54054037 163414356 5114452 3385111 3187175 3609047 0 0 0 0 2981944 2139512 0 0 5074463 3818859 476949134 257399651 225613174 219549483 134527301 109182124 108855588 112504293 2665140 2405333 0 0 779 2504839 549191439 630809953 27489147 26354430 0 0 9479852 9015203 99110378 54290474 0 0 0 0 0 0 0 133049669 14573031 8579197 150652408 231288973 X 338200246 345001098 60338785 54519882 398539031 399520980 549191439 630809953 X 10666194 -17250225 0 0 0 7565980 X 0 1 X 1 1 1 X 11753062 7922897 8886514 10970116 16983208 56515797 0 0 0 0 0 0 0 0 0 0 0 0 11753062 7922897 8886514 10970116 16983208 56515797 1315407 55200390 4232143 1880406 1933302 738764 2374828 11159443 0 0 0 0 0 0 0 0 0 0 0 0 67675240 1031354310 0.81567 0.771 X Schedule A, Part I, Line 7 The basis of Bryant University's public charity status has been and continues to be its qualification as a school described in Section 170(b)(1)(A)(ii). The University has checked box 7 on Schedule A, Part I and completed Schedule A, Part II in order to demonstrate its qualification to follow the special rule for abbreviated reporting of contributions on Form 990, Schedule B. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 1 1 0 Schedule C, Part II-B, Line 1 The University pays membership dues to certain professional organizations which may engage in lobbying activities therefore, a portion of the dues may be attributable to lobbying activities, however the University has not made any internal allocation of such dues to lobbying. 0 731514 0 0 X X X 0 229247996 1101997 -12773289 2759049 6433499 0 208384156 182429868 1918220 53907344 2680933 6326503 0 229247996 184035866 2950479 4042923 2585566 6013834 0 182429868 183755806 3860385 4757576 2482703 5855198 0 184035866 174207413 2884395 16947391 2397449 5808051 2077893 183755806 0.789 0.142 0.069 0 0 0 3289054 3289054 0 389600806 200256324 189344482 0 0 0 0 0 55071224 45465627 9605597 0 28988050 11677700 17310350 219549483 Hedge funds 61921763 F Private placement programs 50582530 F 112504293 0 Swap Derivatives 4469367 Refundable Advances - US Government 3870390 Asset Retirement Obligation 239440 8579197 X 159705044 -17250225 0 0 -58166089 -75416314 235121358 0 -117649 -117649 235003709 158836394 0 0 0 2764907 2764907 156071487 0 68266028 68266028 224337515 Schedule D, Part III, Line 4 The University's collections include many different types of items such as paintings, photographs, books, sports memorabilia, sculptures, figurines, antiques and artifacts. The collections are used for scholarly research, public exhibitions and to document the history of the University. Schedule D, Part V, Line 4 The purpose of the University's endowment fund is to support the educational mission of the University by providing a reliable source of funds for current and future use. The Board of Trustees has established a spending rate up to 5% of a trailing twelve-quarter average market value of the endowment. Earnings from the endowed funds are predominately used to fund scholarships and grants as well as maintaining University facilities and program services. Schedule D, Part X, Line 2 The University is a tax-exempt organization as described in Section 501(c)(3) of the Internal Revenue Code (the Code) and is generally exempt from income taxes pursuant to Section 501(a) of the Code. BRU LLC is a wholly owned single-member LLC, a disregarded entity for tax purposes. Bryant China (H.K.) Limited is a foreign corporation for tax purposes. Any tax liability of BRU LLC or China (H.K.) Limited is reported by the University. The University believes it has taken no significant uncertain tax positions. Schedule D, Part XI, Line 2d Scholarships and grants ($68,118,044), Accrual of Liability for Asset Remediation ($60,832), Nonoperating expenses reported under expenses ($147,984), Change in Split Interest Agreement ($7,711), Change in Fair Value of Interest Rate Swaps $7,634,523 and Bryant China (H.K.) Revenues $2,533,959, Total ($58,166,089). Schedule D, Part XI, Line 4b Fundraising Expenses ($115,661) and Raffle Expenses ($1,988), Total ($117,649). Schedule D, Part XII, Line 2d Bryant China (H.K.) Expenses $2,647,258, Fundraising Expenses $115,661 and Raffle Expenses $1,988, Total $2,764,907. Schedule D, Part XII, Line 4b Scholarships and grants $68,118,044 and Nonoperating Expenses Reported Under Expenses $147,984, Total $68,266,028. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 Bryant University is committed to the principles of Equal Opportunity as defined under federal and state law. The University's Notice of Nondiscrimination is available on its website at https://studenthandbook.bryant.edu/diversity-equity-and-inclusion#notice-of-nondiscrimination-policy-as-to-students and at https://catalog.bryant.edu/graduate. Schedule E, Part I, Line 6 Bryant University has received student financial assistance funds through the following U.S. Department of Education programs: Federal Pell Grant, Federal Supplemental Education Opportunity Grant, Federal Work-study, Federal Perkins Loans, Federal Direct Loans and the Higher Education Emergency Relief Fund. In addition, Bryant received funds from the Veterans Administration and various state government agencies including the Rhode Island Education Assistance Authority, the Massachusetts Office of Student Financial Assistance, and others located throughout the USA. 1 Central America and the Caribbean 0 0 Grantmaking 154000 East Asia and the Pacific 0 0 Grantmaking 220964 Europe (including Iceland and Greenland) 0 0 Grantmaking 890277 Middle East and North Africa 0 0 Grantmaking 40000 North America (including Canada and Mexico, but not the United States) 0 0 Grantmaking 36000 South America 0 0 Grantmaking 115000 South Asia 0 0 Grantmaking 473500 Sub-Saharan Africa 0 0 Grantmaking 166896 East Asia and the Pacific 0 0 Program Services Study abroad. 1812053 Middle East and North Africa 0 0 Program Services Study abroad. 185628 Central America and the Caribbean 0 0 Program Services Student recruiting. 1822 East Asia and the Pacific 0 0 Program Services Student recruiting. 1703 Europe (including Iceland and Greenland) 0 0 Program Services Student recruiting. 3749 Middle East and North Africa 0 0 Program Services Student recruiting. 12536 South America 0 0 Program Services Student recruiting. 8103 South Asia 0 0 Program Services Student recruiting. 18184 East Asia and the Pacific 0 0 Program Services International learning (employees). 9312 North America (including Canada and Mexico, but not the United States) 0 0 Program Services International learning (employees). 509 South America 0 0 Program Services International learning (employees). 1000 Europe (including Iceland and Greenland) 0 0 Program Services International learning (employees). 9185 Europe (including Iceland and Greenland) 0 0 Program Services Export assistance. 9362 Middle East and North Africa 0 0 Program Services Export assistance. 4250 East Asia and the Pacific 0 1 Program Services Dean of Exchange/Academic programs. 0 Central America and the Caribbean 0 0 Investments 34748694 Europe (including Iceland and Greenland) 0 0 Investments 4152664 0 1 43075391 Scholarships Central America and the Caribbean 10 154000 Student account 0 Scholarships East Asia and the Pacific 14 220964 Student account 0 Scholarships Europe (including Iceland and Greenland) 45 890277 Student account 0 Scholarships Middle East and North Africa 2 40000 Student account 0 Scholarships North America (including Canada and Mexico, but not the United States) 2 36000 Student account 0 Scholarships South America 7 115000 Student account 0 Scholarships South Asia 30 473500 Student account 0 Scholarships Sub-Saharan Africa 8 166896 Student account 0 1 0 1 1 1 1 Schedule F, Part I, Line 2 The University only distributes grants directly into student accounts to offset the student's outstanding balance for the semester to ensure these funds have been utilized for their intended purpose. Schedule F, Part I, Line 3 The University used the accrual method to account for expenditures in each region. Investments are measured at fair market value. (Page 3) The Dean of Exchange/Academic Programs is located in East Asia and is an employee of Bryant University. The salary is an expense of Bryant China (H.K.). X X X X X X X 1 Working Philanthropy Com LLC 3425 Bannerman Road Tallahassee FL 32312 Prospect research 0 0 7650 -7650 McClure Park LLC 1281 Win Hentschel Blvd W Lafayette IN 47906 Giving day consulting 0 0 12917 -12917 CCS Fundraising 155 Federal Street Boston MA 02110 Fundraising consulting services 0 0 30000 -30000 0 50567 -50567 AK AL AR AZ CA CO CT DE FL GA HI IA ID IL IN KS KY LA MA MD ME MI MN MO MS MT NC ND NE NH NJ NM NV NY OH OK OR PA RI SC SD TN TX UT VA VT WA WI WV WY Golf Tournament 356874 253261 103613 0 1552 40464 22535 0 51110 0 0 356874 253261 103613 0 1552 40464 22535 0 51110 115661 -12048 29885 0 1851 0 137 1 0.95 29885 0 1851 0 137 1988 27897 RI 1 0 0 0 1 0 Donna Ng 1150 Douglas Pike Smithfield RI 02917 0 Katie Cameron and Nick French 0 Organized the raffle; collection of funds and payment to the winner. X 0 0 Schedule G, Part III, Lines 1-8 Line 3 Noncash prizes. The men and women swim teams conducted a raffle to meet their fundraising goals. First prize was $2,500. The winner donated the prize back to the programs. Second prize was an iPad valued at $353. Third prize was Sony headphones valued at $372. Softball conducted a raffle to meet their fundraising goals. Parents donated baskets that were raffled off which were of no cost to the program. Additional gift cards were purchased to raffle for a total cost of $1,126. 1 Academic/Need-based scholarships 3401 50890873 0 Annual gifts 122 728363 0 Athletic awards 509 8796959 0 Diversity awards 66 1639500 0 Endowed scholarships 294 1661836 0 Special programs 431 1671117 0 State & institution 74 273891 0 SEOG program 331 355871 0 FWS community service 5 2980 0 HEERF to provide emergency financial aid grants to students 1019 2770755 0 FMV Schedule I, Part I, Line 2 All Federal Title IV funds received by Bryant University are managed in strict compliance with all requirements set forth in the Program Participation Agreement, a formal agreement between Bryant University and the U.S. Department of Education. Compliance with all Title IV requirements is monitored by the Office of Financial Aid. Compliance capability is greatly enhanced through the use of the Banner integrated management information system and its effective interface with other Department of Education systems. X X X X 1 1 X X X X 1 1 0 0 0 0 0 1 0 Ross J Gittell President 472560 0 50000 0 69936 0 16500 0 124688 0 733684 0 0 0 Barry F Morrison VP for Business Affairs and Treasurer 407018 0 40468 0 12237 0 36500 0 28098 0 524321 0 0 0 William Smith Director of Athletics 222645 0 32825 0 56160 0 17119 0 117267 0 446016 0 0 0 Charles F LoCurto VP for Information Services/CIO 316880 0 35543 0 10837 0 43849 0 25892 0 433001 0 0 0 Michael J Pressler Head Men's Lacrosse Coach 221579 0 37000 0 116861 0 16679 0 30590 0 422709 0 0 0 David C Wegrzyn VP for University Advancement 274459 0 36835 0 22214 0 20616 0 63711 0 417835 0 0 0 Madan G Annavarjula Dean College of Business 262278 0 20000 0 43076 0 45018 0 29797 0 400169 0 0 0 Jared K Grasso Head Men's Basketball Coach 198318 0 0 0 119409 0 15230 0 25491 0 358448 0 0 0 Inge-Lise Ameer VP Student Affairs/Dean of Students 224230 0 46725 0 8375 0 16905 0 57599 0 353834 0 0 0 Timothy T Paige VP Human Resources and Secretary 251876 0 36649 0 11724 0 19223 0 30329 0 349801 0 0 0 Daniel J Borgia Dean Bryant Zhuhai 205084 0 0 0 91315 0 15588 0 28984 0 340971 0 0 0 Hong Yang VP International Affairs 219995 0 26289 0 29385 0 17970 0 26032 0 319671 0 0 0 Michelle L Cloutier VP of Enrollment Management 205361 0 28635 0 7180 0 15443 0 27116 0 283735 0 0 0 Roger L Anderson Faculty and FMR Exec Asst to President 117282 0 0 0 130364 0 6452 0 12903 0 267001 0 0 0 Glenn M Sulmasy FMR Provost (Until 06/30/21) 178519 0 0 0 4886 0 10050 0 71483 0 264938 0 0 0 Wendy Samter Dean Coll of Arts & Sci & Assoc Provost 192892 0 0 0 29532 0 14489 0 11907 0 248820 0 0 0 Bradford D Martin Faculty Professor, FKE 146630 0 0 0 8830 0 10769 0 25490 0 191719 0 0 0 Schedule J, Part I, Line 1a As a condition of their employment, the University provided on-campus housing for President Gittell; Inge-Lise Amer, VP for Student Affairs; and William Smith, Director of Athletics. The University provides custodial services to maintain the housing. These amounts are included as non-taxable benefits in Part II. Housing in China for Daniel Borgia, Dean of Bryant Zhuhai, is provided by the University's partner in China, BITZH. The amount of the housing is treated as taxable income on Part II. The Dean of Bryant Zhuhai also received tax equalization compensation from the University to neutralize the effect of a global assignment on his personal tax liability. As a condition of employment, David Wegrzyn, VP for University Advancement, is reimbursed for social club expenses only when they are directly in furtherance of the University's business purpose, and thus are not treated as taxable compensation. William Smith, Director of Athletics, received a fixed amount of additional compensation plus taxes monthly. This was treated as taxable compensation and is included in Schedule J, Part II, Column B(III). Schedule J, Part I, Line 4 Former faculty member (until June 30, 2021) and former Executive Asst. to the President (until September 1, 2020) Roger Anderson accepted a voluntary retirement program offered to faculty and staff and severance of $119,979 was paid through salary continuation, as a result of separation from the University. The following individuals participate in a nonqualified supplemental retirement plan for which contributions were made in 2021 related to earnings for 2021: Barry Morrison (VP for Business Affairs), Charles LoCurto (VP for Information Services/CIO) and Madan Annavarjula (Dean College of Business). Schedule J, Part I, Line 7 At-risk compensation award is based on the achievement of an objective and quantitative set of measurable goals which are mutually established between the President and eligible participants at the beginning of each fiscal year. The President makes his assessment of each participant's achievement of specific goals, and presents his "at risk award" recommendation to the Executive Compensation Committee of the Board of Trustees for final review and approval. Schedule J, Part II Column B(III) includes taxable compensation for payments for the restitution of employer retirement plan contributions that were reduced due to COVID related financial concerns, conducting sports camps, public relations and speaking engagements, payments in lieu of membership dues, group term life premiums and personal use of auto. Column C includes employer provided contributions to Section 403(B) plans and other deferred compensation plans. Column D includes non-taxable benefits including undergraduate tuition remission, employer health benefits, life insurance and disability benefit premium payments, as well as the value of on-campus housing provided to certain employees under the requirements of their employment contracts. A RI Health and Educational Bldng Corp Series 2008 521300173 762197CE9 2008-04-24 50420000 Refunding 12/8/2005 & 6/21/2007 bonds 0 0 0 B RI Health and Educational Bldng Corp Series 2019 521300173 000000000 2019-12-06 17300000 To construct and equip various facilities 0 0 0 A 10060000 0 50420000 0 0 0 395680 24320 0 0 50000000 0 2008 1 0 1 1 B 3310000 0 17337565 0 0 0 125430 0 0 17212135 0 0 2021 0 0 1 1 A 0 1 0 0 0.005 0 0.005 0 0 1 B 0 1 0 0 0 0 0 0 0 1 A 0 0 0 1 1 1 Wells Fargo & Barclays 26.5 0 0 0 0 1 B 0 0 1 0 0 0 0 0 1 A 1 B 1 Schedule K, Part II, Line 3-12/06/2019 17,300,000 RI Health and Educational Bldng Corp Series 2019 The difference of $37,565 between Part I Line B Column (e) and Part II Line 3 Column (B) is the investment earnings. Schedule K, Part IV, Line 2c-04/24/2008 50,420,000 RI Health and Educational Bldng Corp Series 2008 The date of the last rebate computation was prepared on 4/24/2018 and no liability exists. Schedule K, Part IV, Line 2c-12/06/2019 17,300,000 RI Health and Educational Bldng Corp Series 2019 Spending exception met in accordance with 26 U.S. Code § 148 (f) (4) (C) NA NA 18889 Tuition Tuition remission Max Slomiak Inge-Lise Ameer Son 19688 Salary 0 Maria Sulmasy Glenn M Sulmasy Spouse 7231 Salary 0 X 8 162162 Avg.of high/low X Golf tournament 13 10566 FMV X Miscellaneous 10 21306 FMV 0 1 0 Schedule M, Part I, Line 33 The amount reported in this column denotes the number of contributions recorded during the fiscal year. Form 990, Part VI, Section A, Line 2 The following members of the University's Board of Trustees and Officers also serve as Directors of Bryant China (HK) Limited: Ross Gittell and Kristian Moor. Form 990, Part VI, Section B, Line 11b Prior to filling the University's Form 990 with the IRS, it is reviewed and approved by the University's Audit, Risk, Compliance & Information Systems Committee of the Board of Trustees. The Audit, Risk, Compliance & Information Systems Committee is the governing body of the University that has oversight of all financial and compliance issues of the University and reports the proceedings of all of its meetings to the full Board of Trustees. A complete copy of the Form 990 is posted to the Board of Trustees portal for review by the Board members prior to filing. Form 990, Part VI, Section B, Line 12c The University consistently monitors and enforces compliance with its conflict of interest policy by first ensuring the conflict of interest forms are continually updated by the Trustees and employees. The forms are reviewed annually to identify any disclosures of conflicts of interest, and as a result, no Board member can vote on any item they have a conflict of interest with. The Vice President for Business Affairs reviews the conflict of interest forms, and any potential conflict would be discussed with the Audit, Risk, Compliance & Information Systems Committee Chair. In addition, any business conducted by the University with any organization related to a Bryant University Trustee or employee must be a hands-off transaction with no involvement of the Trustee or employee. This monitoring and enforcing is done primarily through the President's Office. Form 990, Part VI, Section B, Line 15 The Board of Trustees, through its Executive Compensation Committee (the "Committee"), utilizes an executive compensation policy, amended and ratified by the Board of Trustees in October 2007, to establish compensation for all University officers and key executives. The University prepares annually an "Executive compensation discussion report for the Committee." The report summarizes annual performance against institutional benchmarks, annual strategic goals and divisional operations objectives, and provides market comparability data for the designated positions. The President also provides a cover memo to the Committee that analyzes and recommends target achievements set by the performance bonus plan, base salary and maximum performance bonus for each executive. Based on this information, the Committee makes a determination relative to compensation for the President and reviews and authorizes the President's compensation recommendation for the executive team. The University complies with the three Rebuttable Presumption of Reasonableness procedures, as outlined in Treasury Regulation Section 53.4958-6: (1) executive compensation is authorized by an independent Committee of the Board of Trustees, (2) the Committee authorizing executive compensation obtains and relies on appropriate data as to comparability prior to making determinations, and (3) the Committee adequately documents the basis for determinations concurrently with making the determination. Form 990, Part VI, Section C, Line 19 The University's Form 990, audited financial statements, governing documents and conflict of interest policy are available upon written or electronic request. Form 990, Part XI, Line 9 Unrealized gain on interest rate swaps $7,634,523, change in other liabilities ($60,832), and change in split interest agreement ($7,711), Total $7,565,980. BRU LLC 1150 Douglas Pike Smithfield RI 02917 231386793 Real estate RI 0 599204 Bryant University Bryant China (HK) Limited 11F One Pacific Pl 88 Queensway Hong Kong HK Provision for prog. svcs. for Bryant Zhuai HK Bryant University C 2533959 261962 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 Bryant China (HK) Limited p 2533959 FMV Bryant China (HK) Limited q 2647253 FMV