2023-05-12T13:20:16-05:00 2022-06-30 420714325 RSM US LLP 80 CITY SQUARE BOSTON MA 021293742 990 2021-07-01 050306206 JOHNSON & WALES UNIVERSITY JOHN 4015981900 8 ABBOTT PARK PLACE PROVIDENCE RI 02903 DANIELLE SANTAMARIA ASST. TREAS. & VP OF FINANCE 4015981900 2023-05-11 1 DANIELLE SANTAMARIA 999009999 LYNNE JOHNSON P00757336 6179129000 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z MINNIE L RUNEY 8 ABBOTT PARK PLACE PROVIDENCE RI 02903 547719606 0 X WWW.JWU.EDU X 1914 RI EDUCATIONAL ACTIVITIES 16 15 3354 46 6859847 1330705 31887671 46204163 322584780 290690897 -9906705 27864013 -2248582 1654691 342317164 366413764 129219647 109794679 0 0 153587121 131238955 324902 266274 2809116 117611526 104799756 400743196 346099664 -58426032 20314100 851530357 812364766 116935322 116208097 734595035 696156669 THE MISSION OF JOHNSON & WALES UNIVERSITY (JWU) IS TO PROVIDE AN EXCEPTIONAL EDUCATION THAT INSPIRES PROFESSIONAL SUCCESS AND LIFELONG PERSONAL AND INTELLECTUAL GROWTH. 0 0 306182390 109794679 285456018 IN FY 2022, JWU ENROLLMENT AT ITS CAMPUSES IN PROVIDENCE, RI AND CHARLOTTE, NC AND ONLINE LEARNING PROGRAM TOTALED 8,724 STUDENTS(7,481 UNDERGRADS AND 1,243 GRAD). JWU AWARDED 2,676 DEGREES INCLUDING 602 ASSOCIATE'S, 1,443 BACHELOR'S,571 GRADUATE, 28 DOCTORAL, AND 32 CERTIFICATES. JWU EMPLOYED 327 FT AND 387 PT FACULTY THROUGHOUT ITS COLLEGES OF ART & SCIENCES,COLLEGE OF BUSINESS,COLLEGE OF ENGINEERING & DESIGN,COLLEGE OF FOOD INNOVATION & TECHNOLOGY,COLLEGE OF HOSPITALITY MANAGEMENT, AND COLLEGE OF ONLINE EDUCATION. 34% OF STUDENTS WERE FIRST GENERATION COLLEGE STUDENTS OF THOSE WHO REPORTED THEIR PARENTS' EDUCATION. 98% OF UNDERGRADUATE, DAY STUDENTS RECEIVED INSTITUTIONAL AID, WITH AN AVERAGE AID OF $19,012 PER STUDENT. INSTITUTIONAL SCHOLARSHIPS EXCEEDED $109 MILLION. 306182390 1 1 0 1 0 0 0 1 1 1 1 1 0 0 1 1 0 1 1 1 1 0 1 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 1 1 0 0 1 17117 0 1 3354 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 16 15 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 1 1 AK CO KY MD MA MI NH OH OK OR SC WA NY X DENISE ZERVAS 4015985093 8 ABBOTT PARK PLACE PROVIDENCE RI 02903 MINNIE L RUNEY CHANCELLOR, PRESIDENT & CEO 45.00 0.00 X X 768066 0 126741 MARIBETH N BISIENERE TRUSTEE 1.00 0.00 X 0 0 0 DERICK CLOSE TRUSTEE (ENDED 6/22/22) 1.00 0.00 X 0 0 0 JAMES H HANCE JR CHAIR OF BOARD 1.00 0.00 X 0 0 0 LIONEL E LAROCHELLE II TRUSTEE 1.00 0.00 X 0 0 0 JOHN MARTIN TRUSTEE (ENDED 6/22/22) 1.00 0.00 X 0 0 0 WILLIAM J MURPHY TRUSTEE (ENDED 6/22/22) 1.00 0.00 X 0 0 0 PHILIP S RENAUD II TRUSTEE 1.00 0.00 X 0 0 0 MERRILL W SHERMAN TRUSTEE 1.00 0.00 X 0 0 0 CLAY A SNYDER TRUSTEE 1.00 0.00 X 0 0 0 JOHN E TAYLOR JR TRUSTEE 1.00 0.00 X 0 0 0 JERRY SUE THORNTON TRUSTEE (ENDED 6/22/22) 1.00 0.00 X 0 0 0 D CHIP WADE TRUSTEE 1.00 0.00 X 0 0 0 JOHN H WHITE JR TRUSTEE 1.00 0.00 X 0 0 0 DAVID WILSON TRUSTEE 1.00 0.00 X 0 0 0 LORENA M GARCIA TRUSTEE 1.00 0.00 X 0 0 0 ROBERT J PALLESCHI TRUSTEE 1.00 0.00 X 0 0 0 SHIVAN S SUBRAMANIAM TRUSTEE 1.00 0.00 X 0 0 0 M TERESA PAIVA WEED TRUSTEE 1.00 0.00 X 0 0 0 MARIA DUCHARME TRUSTEE (START 6/22/22) 1.00 0.00 X 0 0 0 JOSEPH J GREENE JR TEASURER, VICE CHANCELLOR 45.00 0.00 X 352878 0 67518 DANIELLE RAPOSA SANTAMARIA ASSISTANT TREASURER, VP OF FINANCE 45.00 0.00 X 168802 0 34136 EMILY GILCREAST UNIVERSITY SECRETARY 45.00 0.00 X 149726 0 21535 MARIE F BERNARDO-SOUSA PRESIDENT, PROVIDENCE CAMPUS 45.00 0.00 X 304698 0 50982 LARRY RICE PRESIDENT N. MIAMI CAMPUS (UNTIL 7/8/21) 45.00 0.00 X 378760 0 37927 DIANE H D'AMBRA VP OF HUMAN SERVICES 45.00 0.00 X 272151 0 52528 RICHARD A WISCOTT PRESIDENT, DENVER CAMPUS 45.00 0.00 X 230094 0 50899 LUBA SHUR GENERAL COUNSEL, VP 45.00 0.00 X 278992 0 23671 AKHIL GUPTA VP OF ENROLLMENT MANAGEMENT 45.00 0.00 X 247834 0 52528 JASON W WITHAM VP FACILITIES MANAGEMENT 45.00 0.00 X 166515 0 34910 DAVID A SOUZA VP INFORMATION TECHNOLOGY 45.00 0.00 X 161691 0 43644 CHERYL RICHARDS PRESIDENT, CHARLOTTE CAMPUS 45.00 0.00 X 230100 0 57897 KYLE MCINNIS PROVOST 45.00 0.00 X 283682 0 36190 MAUREEN T DUMAS VP OF ADVANCEMENT 45.00 0.00 X 244417 0 67994 MICHAEL J DOWNING VP OF AUXILIARY SERVICES 45.00 0.00 X 213780 0 31799 CYNTHIA L PARKER VP COLLEGE OF PROFESSIONAL STUDIES 45.00 0.00 X 207667 0 27179 MICHAEL J RAIA VP OF STRATEGIC COMMUNICATIONS 45.00 0.00 X 191854 0 39760 ISMARE MONREAL DEAN OF STUDENTS (UNTIL 6/30/21) 45.00 0.00 X 190251 0 40142 5041958 0 897980 283 0 1 0 GOOGLE INC DEPT 33654 PO BOX 39000 SAN FRANCISCO CA 94139 ADVERTISING SERVICES 2826855 ABM PO BOX 643823 PITTSBURGH PA 15264 CLEANING SERVICES 1965116 SODEXHO INC 8011 34TH AVENUE MINNEAPOLIS MA 55425 MANAGEMENT SERVICES 1301870 EDUCATION DYNAMICS LLC PO BOX 780276 PHILADELPHIA PA 19178 MARKETING & ENROLLMENT GROWTH 1010622 DOMINION DIAGNOSTICS LLC 211 CIRCUIT DRIVE NORTH KINGSTON RI 02852 MEDICAL SERVICES 934470 64 13236 44221 43388954 2757752 462598 46204163 TUITION 611310 235807815 235807815 RESIDENCE & DINING 611310 44558025 44558025 DOUBLETREE HOTEL 721110 6082850 6082850 STUDENT FEES 611310 3030465 3030465 1211742 1211742 290690897 2417211 64463 2352748 1855719 877097 978622 978622 712534 266088 159091401 46718539 133381646 46981492 25709755 -262953 25446802 25446802 14251 44221 65607 -51356 -51356 STUDENT SERVICES 611310 842793 111776 731017 INSURANCE REVENUE 611310 250000 250000 LOSS ON IMPAIRMENT 900099 -919717 -919717 554349 486195 68154 727425 366413764 285456018 6859847 27893736 9180 9180 109392872 109392872 392627 392627 4414231 4193780 220451 364530 364530 97154922 82595233 13292646 1267043 6319595 4850007 1383235 86353 15798725 13695788 1869140 233797 7186952 5983404 1119948 83600 394810 394810 111286 111286 139689 139689 114000 114000 266274 266274 1982881 1982881 4333202 3144601 1176448 12153 7240613 6007516 1175687 57410 7134287 3339592 3571028 223667 3751287 3751287 285090 148424 136666 15649247 13633349 1908549 107349 2898668 2463408 390272 44988 1964904 1771755 179199 13950 23173585 20285070 2728790 159725 3511599 3416842 94757 CARES ACT STUDENT RELIE 18922705 18922705 FOOD/BEVERAGE/KITCHEN S 5063213 4744995 317818 400 CLASSROOM AND EDUCATION 3152463 3126057 26406 STUDENT SERVICES EXPENS 2379222 2372112 7110 2597005 1657036 908013 31956 346099664 306182390 37108158 2809116 26372 26450 22046124 51051128 2597007 2266038 10401348 10604978 8254643 9976511 1271910 1076646 7400975 6940126 727750159 360726081 465207065 367024078 74501789 90771088 254668142 231187434 5154982 41440289 851530357 812364766 29573722 28211883 14730634 24365292 61817415 54850084 525405 596751 6259951 5117592 4028195 3066495 116935322 116208097 X 686089619 651839335 48505416 44317334 734595035 696156669 851530357 812364766 X 20314100 -58752003 -463 X 0 1 X 1 1 1 X 7211623 5220659 7425399 4481480 46204163 70543324 7211623 5220659 7425399 4481480 46204163 70543324 1005555 69537769 2641606 4039422 3899981 989937 3147537 14718483 2386845 2627184 1641654 0 1963630 8619313 1057461 1858087 1447272 664891 813422 5841133 99722253 1840994842 0.69730 0.52050 X SCHEDULE A, PART II; THE UNIVERSITY MEETS THE PUBLIC SUPPORT TEST UNDER CURRENT GUIDANCE (AS DISCLOSED IN PART II) AND THEREFORE QUALIFIES FOR THE SPECIAL RULE UNDER SECTION 509(A)(1) FOR SCHEDULE B REPORTING. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 114000 0 1 9654 123654 0 PART II-B, LINE 1: PART II-B, 1(G): DIRECT CONTACT: $114,000 PAID TO CONSULTING FIRMS TO MAINTAIN GOVERNMENT RELATIONS. PART II-B, 1(I): PORTION OF THE UNIVERSITY'S MEMBERSHIP DUES PAID TO THE AICU (ASSOCIATION OF INDEPENDENT COLLEGES & UNIVERSITIES OF RHODE ISLAND) AND TO THE NAICU (NATIONAL ASSOCIATION OF INDEPENDENT COLLEGES & UNIVERSITIES), SPENT ON LOBBYING ACTIVITIES WAS $8,401 AND $1,253, RESPECTIVELY. 1510441 X X X 0 0 1 X 318702439 38525318 -31819261 12207000 313201496 211637983 51398237 68453219 12787000 318702439 243334577 303700 4263142 36263436 211637983 251630787 361505 13114153 21771868 243334577 255888050 283096 17583285 22123644 251630787 0.87910 0.08030 0.04060 0 0 44127768 44127768 541506213 249024024 292482189 6081097 6057053 24044 122779491 105557773 17221718 13255590 87231 13168359 367024078 CASH 11366296 F COMMONFUND CEP VI 34791 F COMMONFUND CEP V 72432 F COMMONFUND CEP VII 481649 F PARK STREET CAPITAL VIII 1912703 F 457B 1799246 F PARK STREET NRF II 43104 F DOVER STREET VIII 416025 F COMMONFUND CVP VIII 618604 F PARK STREET CAPITAL NRF IV 361120 F PARK STREET CAPITAL IX 2355418 F SIGULER GUFF DISTRESSED OPPORTUNITIES FUND 505319 F KING STREET CAPITAL LTD 2496 F COMMONFUND CVP IX 1978181 F SIGULER GUFF DISTRESSED OPPORTUNITIES FUND IV 886214 F ASIA ALTERNATIVE CAPITAL PARTNERS 2055146 F PARK STREET CAPITAL NRF V 1839581 F PREFERRED STOCK CERTIFICATES 9000 F DOVER STREET VIII 702089 F TRUEBRIDGE CAPITAL PARTNERS 9578716 F AGILITY ONSHORE FUND 194169304 F 231187434 ASSET HELD FOR SALE 37343291 RIGHT OF USE ASSET 4096998 41440289 ANNUITY DEPOSITS 108375 REFUNDABLE U.S. GRANTS 1077681 457B DEFERRED COMPENSATION PLAN 1880439 3066495 X PART III, LINE 4: THE CULINARY ARTS MUSEUM IS AN EDUCATIONAL RESOURCE FOR JOHNSON & WALES UNIVERSITY, WHICH SEEKS TO BOTH PRESERVE AND INTERPRET CULINARY AND HOSPITALITY HERITAGE. IT IS A SHOWCASE FOR THE WORK OF STUDENTS, FACULTY, ALUMNI AND DISTINGUISHED VISITING CHEFS. THROUGH EXHIBITIONS AND SPECIAL EVENTS, THE MUSEUM STRIVES TO INTERPRET THE EVOLUTION OF FOOD PREPARATION AND PRESENTATION, THE DEVELOPMENT OF CULINARY EQUIPMENT AND TECHNOLOGY, THE DIVERSE MENUS OFFERED AND THE PLACES WHERE PEOPLE PARTAKE OF FOOD. TO ENHANCE THE UNIVERSITY'S SENSE OF TRADITION AND TO RECOGNIZE THE IMPORTANCE OF PUBLIC ART, THE UNIVERSITY INSTALLED BRONZE WILDCAT SCULPTURES ON ALL OF ITS CAMPUSES, WHICH REPRESENT THE FOUR TENENTS THAT CHARACTERIZE WHAT IT MEANS TO BE A WILDCAT, BOTH ON THE ATHLETIC FIELDS AND IN THE CLASSROOM: PRIDE, COURAGE, CHARACTER AND COMMUNITY. PART IV, LINE 2B: THE UNIVERSITY HOLDS MONEY AS A CUSTODIAN FOR STUDENT CLUBS AND POTENTIAL FUTURE PROGRAMS TO BE REFUNDED IF PROGRAM IS NOT INITIATED. PART V, LINE 4: THE UNIVERSITY USES ITS ENDOWMENT FUND FOR THE GENERAL BENEFIT OF THE UNIVERSITY'S CURRENT AND FUTURE STUDENTS (INCLUDING SCHOLARSHIPS) AND FOR THE FUTHERANCE OF THE EDUCATIONAL MISSION OF THE UNIVERSITY. PART X, LINE 2: JOHNSON & WALES UNIVERSITY IS RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS AN EDUCATIONAL INSTITUTION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS GENERALLY EXEMPT FROM FEDERAL AND STATE INCOME TAXES ON RELATED INCOME. ANY TAX ON THE SUBSIDIARIES OR UNRELATED BUSINESS ACTIVITES IS NOT SIGNIFICANT TO THE CONSOLIDATED FINANCIAL STATEMENTS. THE UNIVERSITY HAS IDENTIFIED ITS TAX STATUS AS A TAX EXEMPT ENTITY AND ITS DECISION TO INCLUDE OR EXCLUDE ITEMS OF INCOME UNRELATED TO ITS OPERATIONS AS TAX POSITIONS; HOWEVER, THE UNIVERSITY HAS DETERMINED THAT SUCH TAX POSITIONS DO NOT RESULT IN AN UNCERTAINTY REQUIRING RECOGNITION. MANAGEMENT BELIEVES THE UNIVERSITY HAS NO UNCERTAIN TAX POSITIONS AT JUNE 30, 2022 OR 2021. WITH FEW EXCEPTIONS, THE UNIVERSITY IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR FISCAL YEARS BEFORE 2018. INTEREST AND PENALTIES, IF ANY, ARE INCLUDED IN INCOME TAX EXPENSE. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 JOHNSON & WALES UNIVERSITY RECRUITS THROUGHOUT THE U.S. AND DRAWS A SUBSTANTIAL PERCENTAGE OF ITS STUDENTS FROM A LARGE GEOGRAPHICAL AREA. PER REV. PROC. 75-50, 1975-2 C.B. 587, SECTION 4.03 PARAGRAPH 2(B), SUCH A SCHOOL MAY SATISFY THE PUBLICITY REQUIREMENT BY COMPLYING WITH SECTION 4.02, WHICH REQUIRES THAT A SCHOOL'S NONDISCRIMINATORY POLICY AS TO STUDENTS BE INCLUDED IN ALL ITS BROCHURES AND CATALOGUES DEALING WITH STUDENT ADMISSIONS, PROGRAMS, AND SCHOLARSHIPS. THE UNIVERSITY COMPLIES WITH THIS REQUIREMENT. MOREOVER, THE UNIVERSITY CURRENTLY ENROLLS STUDENTS OF RACIAL MINORITY GROUPS IN MEANINGFUL NUMBERS. SCHEDULE E, PART I, LINE 6 JOHNSON & WALES UNIVERSITY PARTICIPATES IN THE TITLE IV FINANCIAL AID PROGRAMS AND RECEIVES GRANTS FROM THE U.S. DEPARTMENT OF EDUCATION INCLUDING GRANTS UNDER THE CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITY ACT (CARES ACT) AS PART OF THE HIGHER EDUCATION EMERGENCY RELIEF FUND (HEERF) AND THE STATES OF RHODE ISLAND, NORTH CAROLINA, IOWA, VERMONT, CONNECTICUT, MARYLAND, AND DELAWARE. 1 EAST ASIA AND THE PACIFIC 3 PROGRAM SERVICES STUDENT RECRUITING 79933 SOUTH ASIA 9 PROGRAM SERVICES STUDENT RECRUITING 47410 CENTRAL AMERICA AND THE CARIBBEAN 1 PROGRAM SERVICES STUDENT RECRUITING 6000 CENTRAL AMERICA AND THE CARIBBEAN INVESTMENTS 704585 EUROPE GRANTMAKING 392627 CENTRAL AMERICA AND THE CARIBBEAN PROGRAM SERVICES STUDY ABROAD 45565 EUROPE PROGRAM SERVICES STUDY ABROAD 420627 NORTH AMERICA PROGRAM SERVICES STUDY ABROAD 32914 SOUTH AMERICA PROGRAM SERVICES STUDY ABROAD 37184 STUDY ABROAD 0 13 0 0 0 13 1729661 37184 1766845 SCHOLARSHIP STUDY ABROAD EUROPE 53 0 CREDIT STUDENT ACCOUNT 392627 BOOK 1 0 1 1 1 0 PART I, LINE 2: THE UNIVERSITY APPLIES SCHOLARSHIPS DIRECTLY TO STUDENTS' ACCOUNT RECEIVABLE BALANCE. PART III ACCOUNTING METHOD: X X X X X X X 1 EDUCATION ADVISORY BOARD 1920 E PARHAM ROAD RICHMOND VA 23228 ANNUAL GIVING PROGRAM CONSULTING 0 0 136524 0 MCALLISTER & QUINN LLC 1030 15TH STREET WASHINGTON DC 20005 FEDERAL GRANT CONSULTANT 0 0 129750 0 266274 AL AK AR CA CO CT FL GA HI IL KS KY LA ME MD MA MI MN MO MS NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI CLT EPICUREAN 21250 18275 2975 6138 5865 3614 PROVIDENCE EPICUREAN 24278 20866 3412 5651 3049 1994 2 12944 5080 7864 1215 3299 1296 33486 58472 44221 14251 1215 15088 10210 39094 65607 -51356 1 PROVIDENCE RESCUE MISSION 627 CRANSTON STREET PROVIDENCE RI 02907 050503326 501C3 0 5712 COST FOOD INVENTORY SUPPORT ORGANIZATION - FOOD FOR THE HUNGRY PROJECT HAND UP 15 FACTORY STREET WEST WARWICK RI 02893 811264257 501C3 0 16355 COST FOOD INVENTORY SUPPORT ORGANIZATION - FOOD FOR THE HUNGRY HABITAT FOR HUMANITY 1133 NORTH WENDOVER ROAD CHARLOTTE NC 28211 561366233 501C3 0 5840 FMV FURNITURE SUPPORT ORGANIZATION - TO BRING PEOPLE TOGETHER TO BUILD HOMES, COMMUNITIES AND HOPE 3 SCHOLARSHIPS 6448 109392872 BOOK SCHOLARSHIPS PART I, LINE 2: PART II - THE OFFICE OF THE CHANCELLOR MONITORS ALL FUNDS ALLOCATED TO EXTERNAL ORGANIZATIONS. PART III- THE UNIVERSITY PROVIDES ASSISTANCE IN THE FORM OF SCHOLARSHIPS THAT ARE ALL APPLIED TO STUDENTS' ACCOUNTS RECEIVABLE BALANCES. 1 X X X X X 1 1 0 0 0 0 0 0 0 MINNIE L RUNEY CHANCELLOR, PRESIDENT & CEO 742167 0 0 0 25899 0 101936 0 24805 0 894807 0 0 0 JOSEPH J GREENE JR TEASURER, VICE CHANCELLOR 331056 0 0 0 21822 0 21575 0 45943 0 420396 0 0 0 LARRY RICE PRESIDENT N. MIAMI CAMPUS (UNTIL 7/8/21) 143811 0 0 0 234949 0 14953 0 22974 0 416687 0 0 0 MARIE F BERNARDO-SOUSA PRESIDENT, PROVIDENCE CAMPUS 283956 0 0 0 20742 0 20326 0 30656 0 355680 0 0 0 DIANE H D'AMBRA VP OF HUMAN SERVICES 249100 0 0 0 23051 0 18788 0 33740 0 324679 0 0 0 KYLE MCINNIS PROVOST 281553 0 0 0 2129 0 11578 0 24612 0 319872 0 0 0 MAUREEN T DUMAS VP OF ADVANCEMENT 222316 0 0 0 22101 0 20148 0 47846 0 312411 0 0 0 LUBA SHUR GENERAL COUNSEL, VP 277750 0 0 0 1242 0 22984 0 687 0 302663 0 0 0 AKHIL GUPTA VP OF ENROLLMENT MANAGEMENT 240976 0 0 0 6858 0 19698 0 32830 0 300362 0 0 0 CHERYL RICHARDS PRESIDENT, CHARLOTTE CAMPUS 229065 0 0 0 1035 0 11288 0 46609 0 287997 0 0 0 RICHARD A WISCOTT PRESIDENT, DENVER CAMPUS 195572 0 0 0 34522 0 16223 0 34676 0 280993 0 0 0 MICHAEL J DOWNING VP OF AUXILIARY SERVICES 207947 0 0 0 5833 0 16113 0 15686 0 245579 0 0 0 CYNTHIA L PARKER VP COLLEGE OF PROFESSIONAL STUDIES 183990 0 0 0 23677 0 15762 0 11417 0 234846 0 0 0 MICHAEL J RAIA VP OF STRATEGIC COMMUNICATIONS 191476 0 0 0 378 0 8080 0 31680 0 231614 0 0 0 ISMARE MONREAL DEAN OF STUDENTS (UNTIL 6/30/21) 82276 0 0 0 107975 0 9028 0 31114 0 230393 0 0 0 DAVID A SOUZA VP INFORMATION TECHNOLOGY 161176 0 0 0 515 0 11991 0 31653 0 205335 0 0 0 DANIELLE RAPOSA SANTAMARIA ASSISTANT TREASURER, VP OF FINANCE 168482 0 0 0 320 0 7070 0 27066 0 202938 0 0 0 JASON W WITHAM VP FACILITIES MANAGEMENT 165982 0 0 0 533 0 5344 0 29566 0 201425 0 0 0 EMILY GILCREAST UNIVERSITY SECRETARY 129960 0 0 0 19766 0 10105 0 11430 0 171261 0 0 0 PART I, LINES 4A-B LARRY RICE AND ISMARE MONREAL RECEIVED SEVERANCE PAY OF $234,231 AND $107,615, RESPECTIVELY. DURING THE YEAR THERE WAS A SEVERANCE PAYMENT MADE PURSUANT TO A SEPERATION AGREEMENT. ALL AMOUNTS PAID HAVE BEEN PROPERLY REPORTED ON FORM W-2 AND REPORTED IN FORM 990, PART VII, COLUMN D, AND ALSO IN SCHEDULE J, PART II, COLUMN B(III). THE AGREEMENT IS AVAILABLE TO THE INTERNAL REVENUE SERVICE UPON REQUEST. THE UNIVERSITY HAS A DEFERRED COMPENSATION PLAN THAT IS A NONELIGIBLE DEFERRED COMPENSATION PLAN UNDER SECTION 457(F) OF THE CODE COVERING CHANCELLOR MINNIE RUNEY. THE PLAN COMMENCED ON JANUARY 1, 2021 AND WILL VEST ON DECEMBER 31, 2024. THE UNIVERSITY'S CONTRIBUTION TO THE PLAN FOR CALENDAR YEAR 2021 AMOUNTED TO $81,192. A NORTH CAROLINA CAPITAL FACILITIES FINANCE AGENCY 561592154 2014-03-11 26502035 PURCHASE CITY VIEW TOWERS RESIDENCE HALL ON NC CAMPUS FOR STUDENT HOUSING 0 0 0 B RHODE ISLAND HEALTH AND EDUCATIONAL BUILDING CORP 521300173 2015-09-22 30000000 CONSTRUCT ACADEMIC BUILDING ON PROVIDENCE CAMPUS 0 0 0 A 14576118 26502035 26502035 2014 0 0 1 1 B 11711754 30031844 348800 29682497 546 2016 0 0 1 1 A 0 1 0 0 0.00070 0.00000 0.00070 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 0 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 A 1 B 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: RHODE ISLAND HEALTH AND EDUCATIONAL BUILDING CORP DATE THE REBATE COMPUTATION WAS PERFORMED: 08/31/2022 SCHEDULE K, PART II, LINE 2: IN MAY, 2022, THE OUTSTANDING BALANCE ON THE 2013 NCCFFA REVENUE BONDS WAS LEGALLY DEFEASED THROUGH FUNDING A DEFEASENCE ESCROW USING PROCEEDS FROM THE ISSUANCE OF NEW TAXABLE BONDS AND OPERATING FUNDS. THE NEW TAXABLE BONDS ARE A PRIVATE PLACEMENT USING A CINDERELLA STRUCTURE, WHICH WILL CONVERT THE TAXABLE DEBT TO TAX-EXEMPT WHEN THE BONDS ARE ELIGIBLE TO BE CALLED ON JANUARY 1, 2023. SCHEDULE K, PART II, LINE 3: THE DIFFERENCE OF THE ISSUE PRICE REPORTED IN PART I AND THE TOTAL PROCEEDS IN PART II, LINE 3 IS THE INTEREST EARNED ON THE PROJECT FUND DURING THE CONSTRUCTION PERIOD. SCHEDULE K, PART III, LINE 7, COLUMNS B, C AND D: AS PROVIDED IN TREASURY REGULATION SECTION 1.141-4(C)(2)(I)(B), THE AMOUNT OF PRIVATE PAYMENTS TAKEN INTO ACCOUNT UNDER THE PRIVATE PAYMENT TEST MAY NOT EXCEED THE AMOUNT OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS USE. ACCORDINGLY, THE AMOUNT OF PRIVATE PAYMENTS FOR THE REPORTING PERIOD DOES NOT EXCEED THE AMOUNT STATED IN PART III, LINE 6. THE ORGANIZATION HAS NOT UNDERTAKEN AN ANALYSIS OF THE PRIVATE SECURITY TEST WITH RESPECT TO THE BONDS, AS THE LEVEL OF PRIVATE BUSINESS USE AND OR UNRELATED TRADE OR BUSINESS USE REPORTED IN PART III, LINE 6 IS NOT IN EXCESS OF AMOUNTS PERMITTED UNDER SECTION 145 OF THE CODE. SEE SCHEDULE O SEE SCHEDULE O 0 X 1 50468 FAIR MARKET VALUE X 62 154106 SALE COMPARABLE ITEMS X CULINARY 7 166732 SALE COMPARABLE ITEM X CLASSROOM 4 55103 SALE COMPARABLE ITEM X HORSE 1 29000 SALE COMPARABLE ITEM X OTHER 6 7189 SALE COMPARABLE ITEM 1 0 1 0 PART I, COLUMN (B): LINE 9 REPRESENTS THE NUMBER OF THE GIFTS RECEIVED. LINES 19 AND 25-28 REPRESENTS THE NUMBER OF SEPERATE GIFTS ON SEPERATE DATES; THAT IS ONE DONOR MAY HAVE MADE MULTIPLE GIFTS DURING THE YEAR AND EACH GIFT MAY CONTAIN MULTIPLE ITEMS. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING, A COMPLETE COPY OF THE 990 IS PROVIDED TO THE BOARD OF TRUSTEES. IN ADDITION, MEMBERS OF THE AUDIT & RISK MANAGEMENT COMMITTEE MEET WITH ACCOUNTING MANAGEMENT TO ADDRESS ANY QUESTIONS. ALL QUESTIONS MUST BE ADDRESSED TO THE SATISFACTION OF THE COMMITTEE MEMBERS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH TRUSTEE, OFFICER AND SENIOR EXECUTIVE SHALL DISCLOSE TO THE BOARD AT LEAST ONCE EACH YEAR ALL THE MATERIAL FACTS CONCERNING HIS OR HER RELATIONSHIP WITH, OR INTEREST IN, ANY PERSON, FIRM, CORPORATION OR OTHER ENTITY WITH WHOM THE UNIVERSITY HAS, OR PROPOSES TO ENTER INTO, ANY CONTRACT OR OTHER TRANACTION WHICH MAY, DIRECTLY, OR INDIRECTLY, RESULT IN FINANCIAL GAIN OR OTHER ADVANTAGE TO SUCH TRUSTEE, OFFICER OR SENIOR EXECUTIVE BY REASON OF SUCH RELATIONSHIP OR INTEREST. ADDITIONALLY, WHERE APPLICABLE, ALL TRUSTEES, OFFICERS AND SENIOR EXECUTIVES ARE REQUIRED TO DISCLOSE POTENTIAL CONFLICTS OF INTEREST NOT LATER THAN WHEN THE POTENTIAL CONFLICT BECOMES A MATTER OF BOARD ACTION. THE CORPORATE SECRETARY SHALL COLLECT THE INFORMATION INCLUDED IN THE AFOREMENTIONED DISCLOSURE STATEMENTS AND REPORT ON THE SAME TO THE AUDIT AND RISK MANAGEMENT COMMITTEE. THE INFORMATION IS REVIEWED BY ACCOUNTING PERSONNEL FOR BUSINESS AND PERSONAL RELATIONSHIPS THAT MAY RESULT IN A CONFLICT OF INTEREST SITUATION. AS PART OF THE ANNUAL INDEPENDENT AUDIT, ALL TRANSACTIONS WITH SUCH BUSINESSES AND / OR INDIVIDUALS MUST BE SUMMARIZED FOR PURPOSES OF THE REQUIRED FINANCIAL STATEMENT DISCLOSURE OF RELATED PARTY TRANSACTIONS. THIS PROVIDES AN ADDED OPPORTUNITY FOR MANAGEMENT TO REVIEW SUCH TRANSACTIONS AND RELATIONSHIPS FOR PROPRIETY. TRUSTEES, OFFICERS AND SENIOR EXECUTIVES MAY VOTE ON AND / OR PARTICIPATE IN APPROVING TRANSACTIONS WITH SUCH BUSINESSES AND / OR INDIVIDUALS IN CERTAIN PRESCRIBED CIRCUMSTANCES IN WHICH THE RELATIONSHIP IS CLEARLY DISCLOSED AND THE TRANSACTION IS APPROVED BY A MAJORITY OF THE DISINTERESTED TRUSTEES, OFFICERS AND / OR SENIOR EXECUTIVES THAT ARE CHARGED WITH MAKING THE DECISION REGARDING THE TRANSACTION IN QUESTION. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR DETERMINING THE COMPENSATION OF THE UNIVERSITY'S TOP MANAGEMENT OFFICIAL (THE UNIVERSITY CHANCELLOR) INCLUDED ALL OF THE ELEMENTS OF THE REBUTTABLE PRESUMPTION OF REASONABLENESS. THE INDEPENDENT COMPENSATION COMMITTEE OF THE UNIVERSITY'S BOARD OF TRUSTEES INDEPENDENTLY ENGAGED A FIRM OF COMPENSATION SPECIALISTS TO PERFORM A STUDY TO EVALUATE THE COMPENSATION LEVELS OF PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED INSTITUTIONS. THIS INFORMATION WAS USED BY THE COMMITTEE TO EVALUATE THE COMPENSATION OF THE CHANCELLOR. THE RESULTING COMPENSATION AMOUNT WAS APPROVED BY THE COMMITTEE AND DOCUMENTED IN THE COMPENSATION COMMITTEE'S MEETING MINUTES. SIMILAR COMPENSATION STUDIES HAVE BEEN PERFORMED FOR OTHER "DISQUALIFIED PERSONSAND THE COMPENSATION COMMITTEE OF THE BOARD APPROVED THE COMPENSATION OF THOSE "DISQUALIFIED PERSONS". ADDITIONALLY, DURING THE INTERVENING YEARS BETWEEN THE FORMAL STUDIES, THE COMPENSATION FOR ALL OF THESE DISQUALIFIED PERSONS ARE REVIEWED AND APPROVED ANNUALLY BY THE COMPENSATION COMMITTEE OF THE GOVERNING BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY'S FINANCIAL STATEMENTS ARE AVAILABLE TO THE GENERAL PUBLIC VIA THE UNIVERSITY'S AND THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITES. THE UNIVERSITY'S FORM 990 WITHOUT SCHEDULE B IS AVAILABLE TO THE GENERAL PUBLIC VIA GUIDESTAR'S AND THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITES. THE UNIVERSITY'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT MADE AVAILABLE TO THE GENERAL PUBLIC. FORM 990, PART XI, LINE 9: CHANGE IN INVESTMENT IN CORPORATE SUBS -463. SCHEDULE L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: (A) NAME OF PERSON: JAMES C. GREENE (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: FAMILY MEMBER OF OFFICER, TRUSTEE, OR KEY EMPLOYEE. JAMES GREENE WAS AN EMPLOYEE OF THE UNIVERSITY PRIOR TO OFFICER'S EMPLOYMENT. (C) AMOUNT OF TRANSACTION: $51,923 (D) DESCRIPTION OF TRANSACTION: COMPENSATION (C) AMOUNT OF TRANSACTION: $2,379 (D) DESCRIPTION OF TRANSACTION: BENEFITS (E) SHARING OF ORGANIZATION REVENUES? = NO (A) NAME OF PERSON: IRMA JULIE GREENE (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: FAMILY MEMBER OF OFFICER, TRUSTEE, OR KEY EMPLOYEE. JULIE GREENE WAS AN EMPLOYEE OF THE UNIVERSITY PRIOR TO OFFICER'S EMPLOYMENT. (C) AMOUNT OF TRANSACTION: $76,728 (D) DESCRIPTION OF TRANSACTION: COMPENSATION (C) AMOUNT OF TRANSACTION: $31,273 (D) DESCRIPTION OF TRANSACTION: BENEFITS (C) AMOUNT OF TRANSACTION: $15,888 (D) DESCRIPTION OF TRANSACTION: TUITION EXCHANGE AND WAIVER (E) SHARING OF ORGANIZATION REVENUES? = NO (A) NAME OF PERSON: SAMATHA GREENE (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: FAMILY MEMBER OF OFFICER, TRUSTEE, OR KEY EMPLOYEE (C) AMOUNT OF TRANSACTION: $10,410 (D) DESCRIPTION OF TRANSACTION: COMPENSATION (E) SHARING OF ORGANIZATION REVENUES? = NO WILDCAT REALTY HOLDINGS LLC 8 ABBOTT PARK PLACE PROVIDENCE RI 02903 454834756 REAL ESTATE HOLDINGS RI 0 1509409 JOHNSON & WALES UNIVERSITY THE FIXLLC - ENTITY DISOLVED 121721 63 BAKER STREET PROVIDENCE RI 02905 471549910 PRODUCT DEVELOPMENT AND CONSULTING RI JOHNSON & WALES UNIVERSITY RELATED -754036 0 0 1.00000 JOHNSON & WALES UNIVERSITY CLUB 8 ABBOTT PARK PLACE PROVIDENCE RI 02903 050366691 RETAIL SALES RI JOHNSON & WALES UNIVERSITY C 1.00000 1 CHARITABLE REMAINDER ANNUITY TRUST(1) CHARITABLE TRUST RI JOHNSON & WALES UNIVERSITY T 1 CHARITABLE REMAINDER UNITRUST(1) CHARITABLE TRUST RI JOHNSON & WALES UNIVERSITY T 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 FIX LLC S 52529 ACTUAL