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PROVIDENCE COLLEGE: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
PROVIDENCE COLLEGE (EIN 05-0258932)
Tax period
2020-07-01 to 2021-06-30
Filed
2022-05-12
IRS object ID
202231329349307078
Schema version
2020v4.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2022-05-12T16:18:02-05:00ReturnTs
Tax Period End2021-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN135565207PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1KPMG LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line160 SOUTH STREETAddressLine1Txt
CityBOSTONCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02111ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2020-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN050258932EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1PROVIDENCE COLLEGEBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlPROVBusinessNameControlTxt
Phone4018651000PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1ONE CUNNINGHAM SQUAREAddressLine1Txt
CityPROVIDENCECityNm
State AbbreviationRIStateAbbreviationCd
ZIP02918ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJOHN M SWEENEYPersonNm
Person TitleSR VP FINANCE/CFOPersonTitleTxt
Phone4018652281PhoneNum
Signature2022-05-15SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstJOHNPersonFirstNm
Person LastSWEENEYPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonTODD P TERESCOPreparerPersonNm
PTINP00247720PTIN
Phone6179881000PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerREV KENNETH SICARD OPPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1ONE CUNNINGHAM SQUAREAddressLine1Txt
CityPROVIDENCECityNm
State AbbreviationRIStateAbbreviationCd
ZIP02918ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$433,875,985GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.PROVIDENCE.EDUWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1917FormationYr
Legal Domicile StateRILegalDomicileStateCd
Activity Or MissionPROVIDENCE COLLEGE IS A CATHOLIC, DOMINICAN, LIBERAL ARTS INSTITUTION OF HIGHER EDUCATION AND A COMMUNITY COMMITTED TO ACADEMIC EXCELLENCE.ActivityOrMissionDesc
Voting Members Governing Body37VotingMembersGoverningBodyCnt
Voting Members Independent33VotingMembersIndependentCnt
Total Employee2662TotalEmployeeCnt
Total Volunteers38TotalVolunteersCnt
Total Gross UBI-$197,064TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$20,466,943PYContributionsGrantsAmt
CY Contributions Grants$30,238,417CYContributionsGrantsAmt
PY Program Service Revenue$274,133,915PYProgramServiceRevenueAmt
CY Program Service Revenue$274,133,730CYProgramServiceRevenueAmt
PY Investment Income$1,336,322PYInvestmentIncomeAmt
CY Investment Income$20,596,965CYInvestmentIncomeAmt
PY Other Revenue$3,363,531PYOtherRevenueAmt
CY Other Revenue$2,782,787CYOtherRevenueAmt
PY Total Revenue$299,300,711PYTotalRevenueAmt
CY Total Revenue$327,751,899CYTotalRevenueAmt
PY Grants And Similar Paid$84,261,100PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$89,290,305CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$116,446,740PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$114,740,206CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$134,259CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$4,723,101CYTotalFundraisingExpenseAmt
PY Other Expenses$94,482,826PYOtherExpensesAmt
CY Other Expenses$97,687,509CYOtherExpensesAmt
PY Total Expenses$295,190,666PYTotalExpensesAmt
CY Total Expenses$301,852,279CYTotalExpensesAmt
PY Revenues Less Expenses$4,110,045PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$25,899,620CYRevenuesLessExpensesAmt
Total Assets BOY$748,292,244TotalAssetsBOYAmt
Total Assets EOY$914,914,351TotalAssetsEOYAmt
Total Liabilities BOY$179,457,582TotalLiabilitiesBOYAmt
Total Liabilities EOY$243,641,869TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$568,834,662NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$671,272,482NetAssetsOrFundBalancesEOYAmt
MissionSEE SCHEDULE O.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$237,437,543ExpenseAmt
Grant$89,290,305GrantAmt
Revenue$275,347,325RevenueAmt
DescSEE SCHEDULE ODesc
Total Program Service Expenses$237,437,543TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying ActivitiesYes (1)LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (1)DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other SecYes (1)ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School OperatingYes (1)SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign ActivitiesYes (1)ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional FundraisingYes (1)ProfessionalFundraisingInd
Fundraising ActivitiesYes (1)FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt BondsYes (1)TaxExemptBondsInd
Invest Tax Exempt Bonds0InvestTaxExemptBondsInd
Escrow Account0EscrowAccountInd
On Behalf Of Issuer0OnBehalfOfIssuerInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan OutstandingYes (1)LoanOutstandingInd
Grant To Related PersonYes (1)GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam MemYes (1)BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash ContriYes (1)DeductibleNonCashContriInd
Deductible Art ContributionYes (1)DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl EntYes (1)RelatedOrganizationCtrlEntInd
Transaction With Control EntYes (1)TransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document5338IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee2662EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (1)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (1)Form990TFiledInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo ContributionsYes (1)QuidProQuoContributionsInd
Quid Pro Quo Contri DisclYes (1)QuidProQuoContriDisclInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtYes (1)SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members37GoverningBodyVotingMembersCnt
Independent Voting Member33IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (1)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldCOStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldKYStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMIStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNHStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldPAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldSCStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonJOHN SWEENEY SVP FINANCECFOPersonNm
Phone4018652281PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1ONE CUNNINGHAM SQUAREAddressLine1Txt
CityPROVIDENCECityNm
State AbbreviationRIStateAbbreviationCd
ZIP02918ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (52 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeIndFormer Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd
ANN MANCHESTER MOLAK
EVP & TRUSTEE (BEG 7.1.20)40.00Yes (X)Yes (X)$306,908$0$31,478
REV KENNETH R SICARD OP
PRESIDENT & TRUSTEE40.00Yes (X)Yes (X)$0$0$41,832
KARL W ANDERSON
TRUSTEE2.00Yes (X)$0$0$0
JOSEPH M CALABRIA JR
TRUSTEE2.00Yes (X)$0$0$0
JOHN A CERVIONE
TRUSTEE2.00Yes (X)$0$0$0
ROBERT J CLARK
TRUSTEE2.00Yes (X)$0$0$0
WILLIAM F CONCANNON
TRUSTEE2.00Yes (X)$0$0$0
THOMAS P CORCORAN
TRUSTEE2.00Yes (X)$0$0$0
JOHN P DAWLEY
TRUSTEE2.00Yes (X)$0$0$0
SHARON T DRISCOLL
TRUSTEE2.00Yes (X)$0$0$0
COLLEEN M DUFFY
BOARD SECRETARY3.00Yes (X)Yes (X)$0$0$0
SUSAN M ESPER
BOARD V CHAIR/AUDIT COMM C2.00Yes (X)Yes (X)$0$0$0
HENRY C FOLEY
TRUSTEE2.00Yes (X)$0$0$0
REV EDWARD M GORMAN
TRUSTEE2.00Yes (X)$0$0$0
RICHARD E GOTHAM
TRUSTEE2.00Yes (X)$0$0$0
V REV ACQUINAS GUILBEAU OP
TRUSTEE2.00Yes (X)$0$0$0
JOHN J HOULIHAN
TRUSTEE2.00Yes (X)$0$0$0
MICHAEL J JOYCE
TRUSTEE2.00Yes (X)$0$0$0
DOUGLAS A KINGSLEY
TRUSTEE2.00Yes (X)$0$0$0
DENNIS J LANGWELL
TRUSTEE2.00Yes (X)$0$0$0
V REV KENNETH R LETOILLE O
TRUSTEE2.00Yes (X)$0$0$0
JOHN R MCCARTHY
TRUSTEE2.00Yes (X)$0$0$0
ANDRE E OWENS ESQ
TRUSTEE2.00Yes (X)$0$0$0
KEVIN C PHELAN
TRUSTEE2.00Yes (X)$0$0$0
JOHN J POWERS
TRUSTEE2.00Yes (X)$0$0$0
KEVIN P QUIRK
TRUSTEE2.00Yes (X)$0$0$0
CHRISTOPHER K REILLY
BOARD CHAIR2.00Yes (X)Yes (X)$0$0$0
MEGAN C SMITH
TRUSTEE2.00Yes (X)$0$0$0
MOST REV THOMAS J TOBIN DD
TRUSTEE4.00Yes (X)$0$0$0
CHRISTOPHER F VIRGULAK
TRUSTEE2.00Yes (X)$0$0$0
MARK T VOLL
TRUSTEE2.00Yes (X)$0$0$0
MONICA DENISE WOMACK
TRUSTEE2.00Yes (X)$0$0$0
REV FRANCIS BELANGER
TRUSTEE2.00Yes (X)$0$0$0
GREGORY S CHRISTENSON
TRUSTEE2.00Yes (X)$0$0$0
MAUREEN DAVENPORT CORCORAN
TRUSTEE2.00Yes (X)$0$0$0
TERESA A LAVOIE
TRUSTEE2.00Yes (X)$0$0$0
REV MICHAEL A MASCARI
TRUSTEE2.00Yes (X)$0$0$0
ROBERT DRISCOLL
VP & DIRECTOR OF ATHLETICS40.00Yes (X)$498,764$0$92,644
GREGORY WALDRON
SR VP INSTITUTIONAL ADVANCEMENT40.00Yes (X)$473,022$0$45,328
HUGH LENA
SR VP ACADEMIC AFFAIRS/PROVOST40.00Yes (X)$364,448$0$36,040
JOHN SWEENEY
SR VP FINANCE & BUSINESS/CFO40.00Yes (X)$322,444$0$41,237
CHRISTOPHER NERONHA
VP & GEN COUNSEL40.00Yes (X)$276,110$0$16,151
REV JAMES CUDDY OP
VP MISSION & MINISTRY40.00Yes (X)$0$0$17,061
REV KEVIN D ROBB OP
TREASURER40.00Yes (X)$0$0$10,440
STEVEN SEARS
VP STUDENT SERVICES (BEG 12.1.20)40.00Yes (X)$217,140$0$13,198
SEAN REID BEG 7120
SR. VP ACADEMIC AFFAIRS/PROVOST40.00Yes (X)$202,760$0$14,906
EDWARD COOLEY
MENS BASKETBALL COACH40.00$3,594,791$0$156,321Yes (X)
NATHAN LEAMAN
MENS HOCKEY COACH40.00$558,621$0$98,953Yes (X)
JAMES CROWLEY
WOMEN'S BASKETBALL COACH40.00$435,158$0$44,664Yes (X)
SYLVIA MAXFIELD
DEAN SCHOOL OF BUSINESS40.00$319,097$0$34,779Yes (X)
STEVEN NAPOLILLO
ASST VP/SR ASSOC AD EXT RE40.00$294,650$0$34,260Yes (X)
KRISTINE GOODWIN
VP STUDENT AFFAIRS40.00$340,086$0$40,543Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$8,203,999TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$769,835TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K236IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedYes (1)FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
SODEXO INC
9801 WASHINGTONIAN BLVDGAITHERSBURGMD20878FOOD SERVICES$8,816,838
UG2 LLC
116 HUNGTINGTON AVENUE 12TH FLOORBOSTONMA02116JANITORIAL SERVICES$4,656,496
CLINICAL RESEARCH SEQUENCING PLATFORM L
415 MAIN STCAMBRIDGEMA02142CLINICAL SERVICES$2,905,750
UNITED HEALTHCARE INSURANCE CO
9900 BREN RD EMINNETONKAMN55343ADMINISTRATIVE SERVICES$1,563,183
HELIN INC
1643 WARWICK AVW 425WARWICKRI02889ONLINE SERVICES$1,116,828
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K61CntrctRcvdGreaterThan100KCnt
Fundraising$848,035FundraisingAmt
Government Grants$6,210,828GovernmentGrantsAmt
All Other Contributions$23,179,554AllOtherContributionsAmt
Noncash Contributions$1,778,564NoncashContributionsAmt
Total Contributions$30,238,417TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (5 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
TUITION & FEES611600$230,004,218$230,004,218
ROOM REVENUE721000$26,538,233$26,538,233
BOARD REVENUE721000$14,324,902$14,324,902
ATHLETICS REVENUE900099$3,163,127$3,163,127
AUXILIARY REVENUE721000$103,250$103,250
FieldValueIRS element (for citing)
Total Program Service Revenue$274,133,730TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,123,638TotalRevenueColumnAmt
Unrelated Business Revenue-$197,064UnrelatedBusinessRevenueAmt
Exclusion$1,320,702ExclusionAmt

Royalties Revenue RoyaltiesRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$425,000TotalRevenueColumnAmt
Exclusion$425,000ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$104,600RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$95,874RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$8,726RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$8,726TotalRevenueColumnAmt
Exclusion$8,726ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$125,042,510SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$105,569,183SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$19,473,327SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$19,473,327TotalRevenueColumnAmt
Exclusion$19,473,327ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$333,420FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$848,035ContriRptFundraisingEventAmt
Fundraising Direct Expenses$459,029FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column-$125,609TotalRevenueColumnAmt
Exclusion-$125,609ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtExclusionExclusionAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
COMMISSIONS900099$809,164$809,164
PACT PROGRAM900099$429,504$429,504
SODEXO900099$333,334$333,334

Miscellaneous Revenue MiscellaneousRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$902,668TotalRevenueColumnAmt
Related Or Exempt Func Income$450,757RelatedOrExemptFuncIncomeAmt
Exclusion$451,911ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$2,474,670OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$327,751,899TotalRevenueColumnAmt
Related Or Exempt Func Income$275,347,325RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue-$197,064UnrelatedBusinessRevenueAmt
Exclusion$22,363,221ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$49,572TotalAmt
Program Services$49,572ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$89,240,733TotalAmt
Program Services$89,240,733ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$3,282,364TotalAmt
Program Services$1,820,620ProgramServicesAmt
Management And General$1,115,776ManagementAndGeneralAmt
Fundraising$345,968FundraisingAmt

Comp Disqual Persons CompDisqualPersonsGrp

FieldValueIRS element (for citing)
Total$99,065TotalAmt
Program Services$99,065ProgramServicesAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$88,506,413TotalAmt
Program Services$59,691,873ProgramServicesAmt
Management And General$26,047,722ManagementAndGeneralAmt
Fundraising$2,766,818FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$895,993TotalAmt
Program Services$599,751ProgramServicesAmt
Management And General$261,713ManagementAndGeneralAmt
Fundraising$34,529FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$15,392,702TotalAmt
Program Services$10,288,235ProgramServicesAmt
Management And General$4,489,474ManagementAndGeneralAmt
Fundraising$614,993FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$6,563,669TotalAmt
Program Services$4,383,421ProgramServicesAmt
Management And General$1,912,792ManagementAndGeneralAmt
Fundraising$267,456FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$141,395TotalAmt
Management And General$141,395ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$276,390TotalAmt
Management And General$276,390ManagementAndGeneralAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$18,000TotalAmt
Program Services$12,532ProgramServicesAmt
Management And General$5,468ManagementAndGeneralAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total$134,259TotalAmt
Fundraising$134,259FundraisingAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$2,220,001TotalAmt
Management And General$2,220,001ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$8,694,289TotalAmt
Program Services$6,013,799ProgramServicesAmt
Management And General$2,624,240ManagementAndGeneralAmt
Fundraising$56,250FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$592,313TotalAmt
Program Services$412,368ProgramServicesAmt
Management And General$179,945ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$2,207,893TotalAmt
Program Services$1,493,074ProgramServicesAmt
Management And General$651,532ManagementAndGeneralAmt
Fundraising$63,287FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$3,684,110TotalAmt
Program Services$2,564,876ProgramServicesAmt
Management And General$1,119,234ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$5,550,811TotalAmt
Program Services$3,864,472ProgramServicesAmt
Management And General$1,686,339ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$222,626TotalAmt
Program Services$135,503ProgramServicesAmt
Management And General$59,130ManagementAndGeneralAmt
Fundraising$27,993FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$5,541,675TotalAmt
Program Services$3,858,112ProgramServicesAmt
Management And General$1,683,563ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$22,904,332TotalAmt
Program Services$15,908,091ProgramServicesAmt
Management And General$6,941,808ManagementAndGeneralAmt
Fundraising$54,433FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$1,321,566TotalAmt
Program Services$920,074ProgramServicesAmt
Management And General$401,492ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
FOOD SERVICE$12,269,058$12,251,535$13,077$4,446
BUILDING & GROUND MAINT$10,682,748$7,437,325$3,245,423
RENTALS$5,840,273$4,065,996$1,774,277
ATHLETICS GAMES & SUPPL$2,983,726$2,983,726

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$12,536,303TotalAmt
Program Services$9,342,790ProgramServicesAmt
Management And General$2,840,844ManagementAndGeneralAmt
Fundraising$352,669FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$301,852,279TotalAmt
Program Services$237,437,543ProgramServicesAmt
Management And General$59,691,635ManagementAndGeneralAmt
Fundraising$4,723,101FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$22,537,403BOYAmt
EOY$34,488,518EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$11,349,252BOYAmt
EOY$14,250,451EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$7,958,872BOYAmt
EOY$6,964,799EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

FieldValueIRS element (for citing)
BOY$14,286BOYAmt
EOY$2,857EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$551,610BOYAmt
EOY$2,320,330EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$826,180,824LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$365,896,152LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$465,508,861BOYAmt
EOY$460,284,672EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$72,991,948BOYAmt
EOY$124,616,679EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$162,372,373BOYAmt
EOY$265,896,852EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$5,007,639BOYAmt
EOY$6,089,193EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$748,292,244BOYAmt
EOY$914,914,351EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$12,958,939BOYAmt
EOY$21,361,038EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$15,470,315BOYAmt
EOY$15,719,599EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$144,746,867BOYAmt
EOY$201,774,986EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$631,692BOYAmt
EOY$315,846EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$5,649,769BOYAmt
EOY$4,470,400EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$179,457,582BOYAmt
EOY$243,641,869EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$379,878,215BOYAmt
EOY$407,180,999EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$188,956,447BOYAmt
EOY$264,091,483EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$568,834,662BOYAmt
EOY$671,272,482EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$748,292,244BOYAmt
EOY$914,914,351EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$25,899,620ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$76,812,283NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets-$274,083OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit RequiredYes (1)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (1)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$21,127,413CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$17,878,764CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$21,325,239CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$20,466,943CurrentTaxYearMinus1YearAmt
Current Tax Year$30,238,417CurrentTaxYearAmt
Total$111,036,776TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$21,127,413CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$17,878,764CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$21,325,239CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$20,466,943CurrentTaxYearMinus1YearAmt
Current Tax Year$30,238,417CurrentTaxYearAmt
Total$111,036,776TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$833,254SubstantialContributorsTotAmt
Public Support Total170$110,203,522PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$2,272,853CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$3,910,472CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$5,602,290CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,683,035CurrentTaxYearMinus1YearAmt
Current Tax Year$1,850,302CurrentTaxYearAmt
Total$16,318,952TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$3,731,093CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$3,709,388CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$3,670,789CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,679,709CurrentTaxYearMinus1YearAmt
Current Tax Year$2,808,090CurrentTaxYearAmt
Total$16,599,069TotalAmt
FieldValueIRS element (for citing)
Total Support$143,954,797TotalSupportAmt
Gross Receipts Rltd Activities$1,327,154,097GrossReceiptsRltdActivitiesAmt
Public Support CY1700.76550PublicSupportCY170Pct
Public Support PY1700.70320PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:FormAndLineReferenceDesc
ExplanationCOMMISSIONS - 2016 AMOUNT: $ 821,447. 2017 AMOUNT: $ 734,781. 2018 AMOUNT: $ 807,426. 2019 AMOUNT: $ 728,526. 2020 AMOUNT: $ 809,164. PACT PROGRAM - 2016 AMOUNT: $ 558,136. 2017 AMOUNT: $ 542,293. 2018 AMOUNT: $ 522,858. 2019 AMOUNT: $ 379,423. 2020 AMOUNT: $ 429,504. OTHER REVENUE - 2016 AMOUNT: $ 2,091,812. 2017 AMOUNT: $ 2,189,675. 2018 AMOUNT: $ 2,133,984. 2019 AMOUNT: $ 1,445,260. 2020 AMOUNT: $ 1,236,002. FUNDRAISING REVENUE - 2016 AMOUNT: $ 259,698. 2017 AMOUNT: $ 242,639. 2018 AMOUNT: $ 206,521. 2019 AMOUNT: $ 126,500. 2020 AMOUNT: $ 333,420.ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
Volunteers0VolunteersInd
Paid Staff Or Management0PaidStaffOrManagementInd
Media Advertisements0MediaAdvertisementsInd
Mailings Members0MailingsMembersInd
Publications Or Broadcast0PublicationsOrBroadcastInd
Grants Other Organizations0GrantsOtherOrganizationsInd
Direct Contact Legislators0DirectContactLegislatorsInd
Rallies Demonstrations0RalliesDemonstrationsInd
Other ActivitiesYes (1)OtherActivitiesInd
Other Activities$18,000OtherActivitiesAmt
Total Lobbying Expenditures$18,000TotalLobbyingExpendituresAmt
Not Described Section501c30NotDescribedSection501c3Ind

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART II-B, LINE 1:FormAndLineReferenceDesc
ExplanationPROVIDENCE COLLEGE PAYS ADVOCACY SOLUTIONS TO SUPPORT INITIATIVES OF THE COLLEGE WHICH INCLUDE LOBBYING ACTIVITIES.ExplanationTxt

Schedule D IRS990ScheduleD

Art Public Exhibition Amounts ArtPublicExhibitionAmountsGrp

FieldValueIRS element (for citing)
Revenues Included$140,000RevenuesIncludedAmt
Assets Included$140,000AssetsIncludedAmt

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$231,720,254BeginningYearBalanceAmt
Contributions$7,254,132ContributionsAmt
Investment Earnings Or Losses$93,810,553InvestmentEarningsOrLossesAmt
Grants Or Scholarships$5,187,862GrantsOrScholarshipsAmt
Other Expenditures$6,979,624OtherExpendituresAmt
End Year Balance$320,617,453EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$234,228,360BeginningYearBalanceAmt
Contributions$4,050,089ContributionsAmt
Investment Earnings Or Losses$4,083,127InvestmentEarningsOrLossesAmt
Grants Or Scholarships$4,929,874GrantsOrScholarshipsAmt
Other Expenditures$5,711,448OtherExpendituresAmt
End Year Balance$231,720,254EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$238,528,635BeginningYearBalanceAmt
Contributions$10,626,654ContributionsAmt
Investment Earnings Or Losses$8,696,420InvestmentEarningsOrLossesAmt
Grants Or Scholarships$4,757,585GrantsOrScholarshipsAmt
Other Expenditures$18,865,764OtherExpendituresAmt
End Year Balance$234,228,360EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$221,071,443BeginningYearBalanceAmt
Contributions$16,959,609ContributionsAmt
Investment Earnings Or Losses$11,347,583InvestmentEarningsOrLossesAmt
Grants Or Scholarships$4,565,851GrantsOrScholarshipsAmt
Other Expenditures$6,284,149OtherExpendituresAmt
End Year Balance$238,528,635EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$198,601,326BeginningYearBalanceAmt
Contributions$12,278,420ContributionsAmt
Investment Earnings Or Losses$21,684,174InvestmentEarningsOrLossesAmt
Grants Or Scholarships$4,430,927GrantsOrScholarshipsAmt
Other Expenditures$7,061,550OtherExpendituresAmt
End Year Balance$221,071,443EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.27000BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.35000PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.38000TermEndowmentBalanceEOYPct
Endowments Held Unrelated OrgYes (1)EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$5,575,655OtherCostOrOtherBasisAmt
Book Value$5,575,655BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$714,389,427OtherCostOrOtherBasisAmt
Depreciation$290,616,664DepreciationAmt
Book Value$423,772,763BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$82,861,220OtherCostOrOtherBasisAmt
Depreciation$68,519,666DepreciationAmt
Book Value$14,341,554BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$23,354,522OtherCostOrOtherBasisAmt
Depreciation$6,759,822DepreciationAmt
Book Value$16,594,700BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$460,284,672TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp (4 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
LIMITED PARTNERSHIPS$83,381,812F
HEDGE FUNDS$155,040,150F
OTHER INVESTMENTS$2,800,000F
DEPOSITS WITH TRUSTEES$24,674,890F
FieldValueIRS element (for citing)
Total Book Value Securities$265,896,852TotalBookValueSecuritiesAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDescAmtAmt
ACCRUED INTEREST PAYABLE$1,014,291
REFUNDABLE ADVANCE-GOVT GRANT$3,456,109
FieldValueIRS element (for citing)
Total Liability$4,470,400TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$403,719,178TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$76,812,283NetUnrealizedGainsInvstAmt
Donated Services And Use Fclts$1,093,544DonatedServicesAndUseFcltsAmt
Other Revenue-$273,450OtherRevenueAmt
Revenue Not Reported$77,632,377RevenueNotReportedAmt
Revenue Subtotal$326,086,801RevenueSubtotalAmt
Investment Expenses Not Incld$2,220,001InvestmentExpensesNotIncldAmt
Other Revenues Not Included-$554,903OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt$1,665,098RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$327,751,899TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$301,281,358TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$1,093,544DonatedServicesUseFcltsAmt
Other Expenses Included$555,536OtherExpensesIncludedAmt
Expenses Not Reported$1,649,080ExpensesNotReportedAmt
Expenses Subtotal$299,632,278ExpensesSubtotalAmt
Investment Expenses Not Incld2$2,220,001InvestmentExpensesNotIncld2Amt
Expenses Not Rpt Fincl Stmt$2,220,001ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$301,852,279TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART V, LINE 4:THE INTENDED USE OF THE COLLEGE'S ENDOWMENT IS TO FUND STUDENT SCHOLARSHIPS AND PROJECTS.
PART XI, LINE 2D - OTHER ADJUSTMENTS:PROVISION FOR DOUBTFUL PLEDGES -273,450.
PART XI, LINE 4B - OTHER ADJUSTMENTS:FUNDRAISING EXPENSES -459,029. RENTAL EXPENSES -95,874.
PART XII, LINE 2D - OTHER ADJUSTMENTS:FUNDRAISING EXPENSES 459,029. RENTAL EXPENSES 95,874. POST RETIREMENT BENEFIT OBLIGATION 633.
FORM SCH D, PART X, LINE 2THE COLLEGE 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, AS AMENDED. ACCORDINGLY, IT IS GENERALLY NOT SUBJECT TO INCOME TAXES EXCEPT TO THE EXTENT IT HAS TAXABLE INCOME FROM ACTIVITIES THAT ARE NOT RELATED TO ITS EXEMPT PURPOSE. THE COLLEGE HAS GENERATED UNRELATED BUSINESS INCOME FOR THE YEAR ENDED JUNE 30, 2021, BUT IT IS NOT SIGNIFICANT TO THE FINANCIAL STATEMENTS. THE COLLEGE BELIEVES IT HAS TAKEN NO SIGNIFICANT UNCERTAIN TAX POSITIONS.

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (1)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (1)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (1)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (1)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (1)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (1)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (1)MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts0DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy0DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty0DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs0DiscriminateRaceSchsInd
Discriminate Race Educ Plcy0DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts0DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog0DiscriminateRaceAthltProgInd
Discriminate Race Other Acty0DiscriminateRaceOtherActyInd
Government Financial Aid RcvdYes (1)GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd0GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (1)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE E, PART I, LINE 3NONDISCRIMINATORY POLICY THE COLLEGE ANNUALLY PUBLISHES A NOTICE OF ITS RACIALLY NONDISCRIMINATORY POLICY IN A NEWSPAPER OF GENERAL CIRCULATION THAT SERVES ALL RACIAL SEGMENTS OF THE COMMUNITY. ALSO, THE COLLEGE'S NONDISCRIMINATION POLICY IS AVAILABLE ON THE COLLEGE'S WEBSITE.
LINE 6AGOVERNMENT AID OR ASSISTANCE THE COLLEGE PARTICIPATES IN VARIOUS GOVERNMENTAL ASSISTANCE PROGRAMS INCLUDING THE FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS AND FEDERAL WORK STUDY PROGRAM.

Schedule F IRS990ScheduleF

Account Activities Outside US AccountActivitiesOutsideUSGrp (6 entries)

RegionRegionTxtOfficesOfficesCntEmployeeEmployeeCntType Of Activities ConductedTypeOfActivitiesConductedTxtRegion Total ExpendituresRegionTotalExpendituresAmtSpecific Services ProvidedSpecificServicesProvidedTxt
CENTRAL AMERICA/CARRIBEAN00INVESTMENTS$107,665,236
EUROPE00INVESTMENTS$4,017,148
CENTRAL AMERICA/CARRIBEAN00PROGRAM SERVICES$875EDUCATIONAL ACTIVITIES
EAST ASIA & THE PACIFIC00PROGRAM SERVICES$2,200EDUCATIONAL ACTIVITIES
EUROPE00PROGRAM SERVICES$3,720EDUCATIONAL ACTIVITIES
SUB-SAHARAN AFRICA00PROGRAM SERVICES$1,713EDUCATIONAL ACTIVITIES
FieldValueIRS element (for citing)
Subtotal Offices0SubtotalOfficesCnt
Subtotal Employees0SubtotalEmployeesCnt
Continuation Total Office0ContinuationTotalOfficeCnt
Continuation Total Employee0ContinuationTotalEmployeeCnt
Total Office0TotalOfficeCnt
Total Employee0TotalEmployeeCnt
Subtotal Spent$111,690,892SubtotalSpentAmt
Continuation Spent$0ContinuationSpentAmt
Total Spent$111,690,892TotalSpentAmt
Transfer To Foreign CorpYes (1)TransferToForeignCorpInd
Interest In Foreign Trust0InterestInForeignTrustInd
Foreign Corp OwnershipYes (1)ForeignCorpOwnershipInd
Passive Foreign Investmest CoYes (1)PassiveForeignInvestmestCoInd
Foreign PartnershipYes (1)ForeignPartnershipInd
Boycott Countries0BoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART I, LINE 3:EXPENDITURES EXPENDITURES IN COLUMN (F) ARE BASED ON THE ACCRUAL METHOD OF ACCOUNTING.
PART III ACCOUNTING METHOD:

Schedule G IRS990ScheduleG

FieldValueIRS element (for citing)
Mail SolicitationsYes (X)MailSolicitationsInd
Email SolicitationsYes (X)EmailSolicitationsInd
Agrmt Prof Fundraising ActyYes (1)AgrmtProfFundraisingActyInd

Fundraiser Activity Info FundraiserActivityInfoGrp

Organization Business Name OrganizationBusinessName

FieldValueIRS element (for citing)
Business Name Line1EABBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 603519AddressLine1Txt
CityCHARLOTTECityNm
State AbbreviationNCStateAbbreviationCd
ZIP28260ZIPCd
FieldValueIRS element (for citing)
ActivityMAIL & EMAIL SOLICITATIONActivityTxt
Fundraiser Control Of Funds0FundraiserControlOfFundsInd
Gross Receipts$663,998GrossReceiptsAmt
Retained By Contractor$134,259RetainedByContractorAmt
Net To Organization$529,739NetToOrganizationAmt
FieldValueIRS element (for citing)
Total Gross Receipts$663,998TotalGrossReceiptsAmt
Total Retained By Contractors$134,259TotalRetainedByContractorsAmt
Total Net To Organization$529,739TotalNetToOrganizationAmt
Licensed StatesALLicensedStatesCd
Licensed StatesAKLicensedStatesCd
Licensed StatesAZLicensedStatesCd
Licensed StatesARLicensedStatesCd
Licensed StatesCALicensedStatesCd
Licensed StatesCOLicensedStatesCd
Licensed StatesCTLicensedStatesCd
Licensed StatesDELicensedStatesCd
Licensed StatesFLLicensedStatesCd
Licensed StatesGALicensedStatesCd
Licensed StatesHILicensedStatesCd
Licensed StatesIDLicensedStatesCd
Licensed StatesILLicensedStatesCd
Licensed StatesINLicensedStatesCd
Licensed StatesIALicensedStatesCd
Licensed StatesKSLicensedStatesCd
Licensed StatesKYLicensedStatesCd
Licensed StatesLALicensedStatesCd
Licensed StatesMELicensedStatesCd
Licensed StatesMDLicensedStatesCd
Licensed StatesMALicensedStatesCd
Licensed StatesMILicensedStatesCd
Licensed StatesMNLicensedStatesCd
Licensed StatesMSLicensedStatesCd
Licensed StatesMOLicensedStatesCd
Licensed StatesMTLicensedStatesCd
Licensed StatesNELicensedStatesCd
Licensed StatesNVLicensedStatesCd
Licensed StatesNHLicensedStatesCd
Licensed StatesNJLicensedStatesCd
Licensed StatesNMLicensedStatesCd
Licensed StatesNYLicensedStatesCd
Licensed StatesNCLicensedStatesCd
Licensed StatesNDLicensedStatesCd
Licensed StatesOHLicensedStatesCd
Licensed StatesOKLicensedStatesCd
Licensed StatesORLicensedStatesCd
Licensed StatesPALicensedStatesCd
Licensed StatesRILicensedStatesCd
Licensed StatesSCLicensedStatesCd
Licensed StatesSDLicensedStatesCd
Licensed StatesTNLicensedStatesCd
Licensed StatesTXLicensedStatesCd
Licensed StatesUTLicensedStatesCd
Licensed StatesVTLicensedStatesCd
Licensed StatesVALicensedStatesCd
Licensed StatesWALicensedStatesCd
Licensed StatesWVLicensedStatesCd
Licensed StatesWILicensedStatesCd
Licensed StatesWYLicensedStatesCd
Licensed StatesDCLicensedStatesCd
Licensed StatesPRLicensedStatesCd

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1FRIAR GOLF CLASSICEvent1Nm
Gross Receipts Event1$173,670GrossReceiptsEvent1Amt
Charitable Contri Event1$124,415CharitableContriEvent1Amt
Gross Revenue Event1$49,255GrossRevenueEvent1Amt
Cash Prizes Event1$7,300CashPrizesEvent1Amt
Rent Facility Costs Event1$5,000RentFacilityCostsEvent1Amt
Food And Beverage Event1$19,221FoodAndBeverageEvent1Amt
Other Direct Expenses Event1$28,078OtherDirectExpensesEvent1Amt
Event2NEWPORT VISION CUPEvent2Nm
Gross Receipts Event2$165,200GrossReceiptsEvent2Amt
Charitable Contri Event2$111,800CharitableContriEvent2Amt
Gross Revenue Event2$53,400GrossRevenueEvent2Amt
Cash Prizes Event2$7,000CashPrizesEvent2Amt
Rent Facility Costs Event2$5,000RentFacilityCostsEvent2Amt
Food And Beverage Event2$7,851FoodAndBeverageEvent2Amt
Other Direct Expenses Event2$47,751OtherDirectExpensesEvent2Amt
Other Events Total7OtherEventsTotalCnt
Gross Receipts Other Events$842,585GrossReceiptsOtherEventsAmt
Charitable Contri Other Events$611,820CharitableContriOtherEventsAmt
Gross Revenue Other Events$230,765GrossRevenueOtherEventsAmt
Cash Prizes Other Events$21,725CashPrizesOtherEventsAmt
Rent Fclty Costs Other Events$15,500RentFcltyCostsOtherEventsAmt
Food And Beverage Other Events$14,614FoodAndBeverageOtherEventsAmt
Oth Direct Expnss Other Events$279,989OthDirectExpnssOtherEventsAmt
Gross Receipts Total$1,181,455GrossReceiptsTotalAmt
Charitable Contributions Tot$848,035CharitableContributionsTotAmt
Gross Revenue Total Events$333,420GrossRevenueTotalEventsAmt
Cash Prizes Total Events$36,025CashPrizesTotalEventsAmt
Rent Fclty Costs Total Events$25,500RentFcltyCostsTotalEventsAmt
Food And Beverage Total Events$41,686FoodAndBeverageTotalEventsAmt
Oth Direct Expnss Total Events$355,818OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$459,029DirectExpenseSummaryEventsAmt
Net Income Summary-$125,609NetIncomeSummaryAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2FormAndLineReferenceDesc
ExplanationFUNDRAISING ACTIVITIES PROVIDENCE COLLEGE HAS A WRITTEN AGREEMENT WITH EAB (PREVIOUSLY NAMED ROYALL & COMPANY AND ITS SUBSIDIARY ADVANCEMENT SERVICES, INC.), A PROFESSIONAL FUNDRAISER, WHEREBY EAB PROVIDED MAILING & EMAILING AND EMAILING SERVICES. THE AGREEMENT CALLS FOR A MONTHLY PAYMENT OF AN AGREED UPON FEE, PLUS REIMBURSEMENT OF COSTS SUCH AS PRINTING, POSTAGE, SUPPLIES ETC. EAB BILLS PROVIDENCE COLLEGE SEPARATELY FOR THESE COSTS. PROVIDENCE COLLEGE PAID EAB $134,259.ExplanationTxt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINIRC SectionIRCSectionDescCash GrantCashGrantAmtPurpose Of GrantPurposeOfGrantTxt
INSPIRING MINDS
190 BROAD STREET 2WPROVIDENCERI02903050310175501(C)(3)$8,000GENERAL SUPPORT
THE CAPITAL GOOD FUND
22 A STREETPROVIDENCERI02907800348382501(C)(3)$8,000GENERAL SUPPORT
FieldValueIRS element (for citing)
Total501c3 Org2Total501c3OrgCnt

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (4 entries)

Grant TypeGrantTypeTxtRecipientRecipientCntCash GrantCashGrantAmt
STUDENT SCHOLARSHIPS & FINANCIAL AID2899$76,612,060
ATHLETIC SCHOLARSHIPS281$10,303,657
FEDERAL SUPPLEMENTAL EDUCATION OPPORTUNITY GRANT211$833,964
HIGHER EDUCATION EMERGENCY STUDENT GRANTS1949$1,491,052

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART I, LINE 2MONITOR THE USE OF GRANT FUNDS IN THE U.S. THE COLLEGE MONITORS THE USE OF GRANT FUNDS IN VARIOUS WAYS INCLUDING OBTAINING REPORTS FROM THE ORGANIZATIONS OUTLINING THE ACTIVITIES SUPPORTED BY GRANTS, MEETING REGULARLY WITH THE ORGANIZATIONS, AND VISITING ORGANIZATIONS TO OBSERVE ACTIVITIES ON A FIRST HAND BASIS. THE OFFICE OF FINANCIAL AID MONITORS FEDERAL GRANT FUNDS USING BANNER REPORTING TOOLS TO TRACK THE LEVEL OF AMOUNTS PAID FOR ALL TITLE IV GRANTS AND INSTITUTIONAL GRANTS. AMOUNTS ARE RECONCILED TO THE STUDENT ACCOUNT SYSTEM TO ENSURE FUNDS ARE PROPERLY DISBURSED.
PART III, LINE 4HIGHER EDUCATION EMERGENCY STUDENT GRANTS THE COLLEGE RECEIVED AWARDS FROM THE HIGHER EDUCATION EMERGENCY RELIEF FUND TO PROVIDE AID TO STUDENTS. DURING THE YEAR, THE COLLEGE UTILIZED THE AMOUNTS RECEIVED OF $1,491,052 TO PROVIDE GRANTS TO STUDENTS.

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
First Class Or Charter TravelYes (X)FirstClassOrCharterTravelInd
Housing Allowance Or ResidenceYes (X)HousingAllowanceOrResidenceInd
Club Dues Or FeesYes (X)ClubDuesOrFeesInd
Written Policy Ref T And E ExpnssYes (1)WrittenPolicyRefTAndEExpnssInd
Substantiation RequiredYes (1)SubstantiationRequiredInd
Compensation CommitteeYes (X)CompensationCommitteeInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance PaymentYes (1)SeverancePaymentInd
Supplemental Nonqual Rtr PlanYes (1)SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (14 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
EDWARD COOLEY
MENS BASKETBALL COACH$3,149,784$0$322,500$0$122,507$0$128,000$0$28,321$0$3,751,112$0$0$0
NATHAN LEAMAN
MENS HOCKEY COACH$510,951$0$25,000$0$22,670$0$71,042$0$27,911$0$657,574$0$0$0
ROBERT DRISCOLL
VP & DIRECTOR OF ATHLETICS$405,795$0$49,724$0$43,245$0$68,016$0$24,628$0$591,408$0$0$0
GREGORY WALDRON
SR VP INSTITUTIONAL ADVANCEMENT$349,029$0$0$0$123,993$0$14,898$0$30,430$0$518,350$0$0$0
JAMES CROWLEY
WOMEN'S BASKETBALL COACH$367,815$0$54,000$0$13,343$0$15,333$0$29,331$0$479,822$0$0$0
HUGH LENA
SR VP ACADEMIC AFFAIRS/PROVOST$357,352$0$0$0$7,096$0$14,227$0$21,813$0$400,488$0$0$0
KRISTINE GOODWIN
VP STUDENT AFFAIRS$135,301$0$60,000$0$144,785$0$10,383$0$30,160$0$380,629$0$0$0
JOHN SWEENEY
SR VP FINANCE & BUSINESS/CFO$288,513$0$8,150$0$25,781$0$12,200$0$29,037$0$363,681$0$0$0
SYLVIA MAXFIELD
DEAN SCHOOL OF BUSINESS$315,677$0$0$0$3,420$0$12,292$0$22,487$0$353,876$0$0$0
ANN MANCHESTER MOLAK
EVP & TRUSTEE (BEG 7.1.20)$295,627$0$0$0$11,281$0$9,590$0$21,888$0$338,386$0$0$0
STEVEN NAPOLILLO
ASST VP/SR ASSOC AD EXT RE$248,325$0$21,250$0$25,075$0$10,417$0$23,843$0$328,910$0$0$0
CHRISTOPHER NERONHA
VP & GEN COUNSEL$268,670$0$0$0$7,440$0$4,781$0$11,370$0$292,261$0$0$0
STEVEN SEARS
VP STUDENT SERVICES (BEG 12.1.20)$214,932$0$0$0$2,208$0$8,022$0$5,176$0$230,338$0$0$0
SEAN REID BEG 7120
SR. VP ACADEMIC AFFAIRS/PROVOST$166,057$0$0$0$36,703$0$0$0$14,906$0$217,666$0$0$0

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART I, LINE 1ACHARTER TRAVEL, HOUSING ALLOWANCE, AND HEALTH OR SOCIAL CLUB DUES THE FOLLOWING LISTED BENEFITS WERE PROVIDED BY THE COLLEGE DURING CALENDAR YEAR 2020. LISTED BENEFITS TO EMPLOYEES CEASE UPON THEIR TERMINATION DATE. EDWARD COOLEY, THE MENS BASKETBALL COACH TRAVELS ON CHARTER FLIGHTS AS PART OF HIS COACHING RESPONSIBILITIES FOR AWAY GAMES. THE COLLEGE'S PRESIDENT, REV. KENNETH R. SICARD, OP WAS PROVIDED WITH ON CAMPUS HOUSING. THE HOUSING WAS EXCLUDED FROM THE INCOME OF REV. KENNETH R. SICARD, OP, AS IT MEETS THE EXCEPTION. UNDER INTERNAL REVENUE CODE SECTION 119(D). THE COLLEGE'S PRESIDENT, REV. KENNETH R. SICARD, OP, NATHAN LEAMAN, HOCKEY COACH, GREGORY WALDRON, SR VP OF INSTITUTIONAL ADVANCEMENT, STEVEN NAPOLILLO, ASST VP/ASSOCIATE ATHLETIC DIRECTOR, AND EDWARD COOLEY, BASKETBALL COACH, WERE PROVIDED WITH SOCIAL CLUB MEMBERSHIPS PAID BY THE COLLEGE. THE MEMBERSHIP DUES PAID BY THE COLLEGE FOR REV. KENNETH R. SICARD, OP WAS EXCLUDED FROM HIS INCOME AS AN ORDINARY AND NECESSARY BUSINESS EXPENSE UNDER INTERNAL REVENUE CODE SECTION 162. THE MEMBERSHIP DUES PAID BY THE COLLEGE FOR NATHAN LEAMAN, GREGORY WALDRON, STEVEN NAPOLILLO, AND EDWARD COOLEY ARE TAXABLE TO THE INDIVIDUALS AND INCLUDED IN THEIR FORM W-2. THESE AMOUNTS HAVE BEEN REPORTED IN FORM 990, PART VII AND ON SCHEDULE J.
PART I, LINES 4A-B4A - SEVERANCE UNDER THE TERMS OF THE EMPLOYMENT AND SEPARATION AGREEMENT BETWEEN KRISTINE GOODWIN AND THE COLLEGE, SALARY CONTINUANCE PAYMENTS WILL BE MADE THROUGH 12/31/21. AS PART OF HER EMPLOYMENT AGREEMENT AND SEPARATION AGREEMENT, KRISTINE GOODWIN RECEIVED SEVERANCE OF $133,600, WHICH WAS INCLUDED IN HER W-2 AND REPORTED ON SCHEDULE J, PART II, COLUMN B(III), AND REPORTED ON SCHEDULE J, PART II, COLUMN B(III). 4B - SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN CERTAIN HIGHLY COMPENSATED EMPLOYEES PARTICIPATE IN A NONQUALIFIED 457(F) PLAN: CONTRIBUTIONS MADE: EDWARD COOLEY $100,000 NATHAN LEAMAN $50,000 ROBERT DRISCOLL $50,000

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (4 entries)

Bond ReferenceBondReferenceCdBond Issuer EINBondIssuerEINCUSIPCUSIPNumBond IssuedBondIssuedDtIssue PriceIssuePriceAmtPurposePurposeDescDefeasedDefeasedIndOn Behalf Of IssuerOnBehalfOfIssuerIndPool FinancingPoolFinancingInd
RI HEALTH & EDUCATIONAL BLDG CORP - SERIES 2021
A521300173762197E642021-06-09$24,867,188CONSTRUCTION000
RI HEALTH & EDUCATIONAL BLDG CORP - SERIES 2017
B521300173762197UW92017-03-29$50,394,917CONSTRUCTION000
RI HEALTH & EDUCATIONAL BLDG CORP - SERIES 2015
C521300173762197RZ62015-07-16$51,061,015REFUNDING OF 2008 BONDS & CONS.000
RI HEALTH & EDUCATIONAL BLDG CORP - SERIES 2012B
D521300173762197LS82012-11-20$40,616,916ADVANCE REFUNDING OF 2003A BONDS000

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (4 entries)

Bond ReferenceBondReferenceCdTotal ProceedsTotalProceedsAmtIssuance Costs From ProceedsIssuanceCostsFromProceedsAmtUnspentUnspentAmtRefunding Tax Exempt BondsRefundingTaxExemptBondsIndRefunding Taxable BondsRefundingTaxableBondsIndFinal Allocation MadeFinalAllocationMadeIndAdequate Books And Rec MaintAdequateBooksAndRecMaintIndCapital ExpendituresCapitalExpendituresAmtSubstantial CompletionSubstantialCompletionYrRetiredRetiredAmtOther Spent ProceedsOtherSpentProceedsAmt
A$24,867,188$192,348$24,674,841000Yes (1)
B$50,732,059$376,81900Yes (1)Yes (1)$50,355,2402019
C$51,111,229$375,619Yes (1)0Yes (1)Yes (1)$35,253,5872017$10,560,000$15,482,023
D$40,617,466$234,1780Yes (1)Yes (1)Yes (1)2014$19,405,000$40,383,288

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (4 entries)

Bond ReferenceBondReferenceCdOwning Bond Financed PropertyOwningBondFinancedPropertyIndAny Lease ArrangementsAnyLeaseArrangementsIndMgmt Contract Bond Fincd PropMgmtContractBondFincdPropIndAny Research AgreementsAnyResearchAgreementsIndBond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestIndChange In Use Bond Financed PropChangeInUseBondFinancedPropIndProcs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdIndEngage Bond Counsel ContractsEngageBondCounselContractsInd
A000000Yes (1)
B00Yes (1)000Yes (1)Yes (1)
C00Yes (1)000Yes (1)Yes (1)
D00Yes (1)000Yes (1)Yes (1)

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (4 entries)

Bond ReferenceBondReferenceCdForm8038 T FiledForm8038TFiledIndRebate Not Due YetRebateNotDueYetIndException To RebateExceptionToRebateIndNo Rebate DueNoRebateDueIndVariable Rate IssueVariableRateIssueIndHedge Identified In Bks And RecHedgeIdentifiedInBksAndRecIndGross Proceeds Invested In GICGrossProceedsInvestedInGICIndGross Proceeds InvestedGrossProceedsInvestedIndWritten Proc To Monitor ReqsWrittenProcToMonitorReqsInd
A0Yes (1)000000Yes (1)
B000Yes (1)0000Yes (1)
C000Yes (1)0000Yes (1)
D000Yes (1)0000Yes (1)

Procedures Corrective Action ProceduresCorrectiveActionGrp (4 entries)

Bond ReferenceBondReferenceCdProcedures Corrective ActionProceduresCorrectiveActionInd
AYes (1)
BYes (1)
CYes (1)
DYes (1)

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART II, LINE 3, BOND ISSUE BTHE DIFFERENCE BETWEEN TOTAL PROCEEDS IN PART II, LINE 3 AND THE ISSUE PRICE OF THE BOND ISSUE IS INVESTMENT EARNINGS OF $337,142
PART II, LINE 3, BOND ISSUE CTHE DIFFERENCE BETWEEN TOTAL PROCEEDS IN PART II, LINE 3 AND THE ISSUE PRICE OF THE BOND ISSUE IS INVESTMENT EARNINGS OF $50,214
PART II, LINE 3, BOND ISSUE DTHE DIFFERENCE BETWEEN TOTAL PROCEEDS IN PART II, LINE 3 AND THE ISSUE PRICE OF THE BOND ISSUE IS INVESTMENT EARNINGS OF $550
PART II, LINE 3, BOND ISSUE ETHE DIFFERENCE BETWEEN TOTAL PROCEEDS IN PART II, LINE 3 AND THE ISSUE PRICE OF THE BOND ISSUE IS INVESTMENT EARNINGS OF $8,249
PART IV, LINE 2CTHE REBATE COMPUTATION DATE FOR THE SERIES 2012A BOND ISSUE WAS 12/31/2020 THE REBATE COMPUTATION DATE FOR THE SERIES 2012B BOND ISSUE WAS 10/31/2020 THE REBATE COMPUTATION DATE FOR THE SERIES 2015 BOND ISSUE WAS 7/16/2020 THE REBATE COMPUTATION DATE FOR THE SERIES 2017 BOND ISSUE WAS 3/31/21

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd

Issuer Name IssuerName

FieldValueIRS element (for citing)
Business Name Line1RI HEALTH & EDUCATIONAL BLDG CORP - SERIES 2012ABusinessNameLine1Txt
FieldValueIRS element (for citing)
Bond Issuer EIN521300173BondIssuerEIN
CUSIP762197JH5CUSIPNum
Bond Issued2012-01-25BondIssuedDt
Issue Price$40,337,074IssuePriceAmt
PurposeCONSTRUCTIONPurposeDesc
Defeased0DefeasedInd
On Behalf Of Issuer0OnBehalfOfIssuerInd
Pool Financing0PoolFinancingInd

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Retired$7,465,000RetiredAmt
Total Proceeds$40,345,323TotalProceedsAmt
Issuance Costs From Proceeds$335,840IssuanceCostsFromProceedsAmt
Capital Expenditures$40,009,483CapitalExpendituresAmt
Substantial Completion2015SubstantialCompletionYr
Refunding Tax Exempt Bonds0RefundingTaxExemptBondsInd
Refunding Taxable Bonds0RefundingTaxableBondsInd
Final Allocation MadeYes (1)FinalAllocationMadeInd
Adequate Books And Rec MaintYes (1)AdequateBooksAndRecMaintInd

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Owning Bond Financed Property0OwningBondFinancedPropertyInd
Any Lease Arrangements0AnyLeaseArrangementsInd
Mgmt Contract Bond Fincd PropYes (1)MgmtContractBondFincdPropInd
Engage Bond Counsel ContractsYes (1)EngageBondCounselContractsInd
Any Research Agreements0AnyResearchAgreementsInd
Bond Iss Meet Prvt Sec Pymt Test0BondIssMeetPrvtSecPymtTestInd
Change In Use Bond Financed Prop0ChangeInUseBondFinancedPropInd
Procs Nonqualified Bond RemdtdYes (1)ProcsNonqualifiedBondRemdtdInd

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Form8038 T Filed0Form8038TFiledInd
Rebate Not Due Yet0RebateNotDueYetInd
Exception To Rebate0ExceptionToRebateInd
No Rebate DueYes (1)NoRebateDueInd
Variable Rate Issue0VariableRateIssueInd
Hedge Identified In Bks And Rec0HedgeIdentifiedInBksAndRecInd
Gross Proceeds Invested In GIC0GrossProceedsInvestedInGICInd
Gross Proceeds Invested0GrossProceedsInvestedInd
Written Proc To Monitor ReqsYes (1)WrittenProcToMonitorReqsInd

Procedures Corrective Action ProceduresCorrectiveActionGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Procedures Corrective ActionYes (1)ProceduresCorrectiveActionInd

Schedule L IRS990ScheduleL

Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1GREGORY T WALDRONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Relationship With OrgOFFICERRelationshipWithOrgTxt
Loan PurposePERSONALLoanPurposeTxt
Loan From OrganizationYes (X)LoanFromOrganizationInd
Original Principal$80,000OriginalPrincipalAmt
Balance Due$2,857BalanceDueAmt
Default0DefaultInd
Board Or Committee ApprovalYes (1)BoardOrCommitteeApprovalInd
Written AgreementYes (1)WrittenAgreementInd
FieldValueIRS element (for citing)
Total Balance Due$2,857TotalBalanceDueAmt

Grnt Asst Bnft Interested Prsn GrntAsstBnftInterestedPrsnGrp (2 entries)

Relationship With OrgRelationshipWithOrgTxtCash GrantCashGrantAmtType Of AssistanceTypeOfAssistanceTxtAssistance PurposeAssistancePurposeTxt
NA
N/A$2,500TUITIONTUITION SCHOLARSHIP
NA
N/A$1,000TUITIONTUITION SCHOLARSHIP

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp

Name Of Interested NameOfInterested

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MARGARET MANCHESTERBusinessNameLine1Txt
FieldValueIRS element (for citing)
Relationship DescriptionFAMILY MEMBER OF OFFICERRelationshipDescriptionTxt
Transaction$99,065TransactionAmt
TransactionCOMPENSATIONTransactionDesc
Sharing Of Revenues0SharingOfRevenuesInd

Schedule M IRS990ScheduleM

Works Of Art WorksOfArtGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution2ContributionCnt
Noncash Contributions Rpt F990$140,000NoncashContributionsRptF990Amt
Method Of Determining RevenuesFMVMethodOfDeterminingRevenuesTxt

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution89ContributionCnt
Noncash Contributions Rpt F990$1,558,081NoncashContributionsRptF990Amt
Method Of Determining RevenuesSELLING PRICEMethodOfDeterminingRevenuesTxt

Secur Prtnrshp Trust Intrsts SecurPrtnrshpTrustIntrstsGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution3ContributionCnt
Noncash Contributions Rpt F990$68,196NoncashContributionsRptF990Amt
Method Of Determining RevenuesFMVMethodOfDeterminingRevenuesTxt

Other Non Cash Contri Table OtherNonCashContriTableGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
DescMISCELLANEOUSDesc
Contribution9ContributionCnt
Noncash Contributions Rpt F990$12,287NoncashContributionsRptF990Amt
Method Of Determining RevenuesFMVMethodOfDeterminingRevenuesTxt
FieldValueIRS element (for citing)
Form8283 Received2Form8283ReceivedCnt
Any Property That Must Be Held0AnyPropertyThatMustBeHeldInd
Review Process Unusual NC GiftsYes (1)ReviewProcessUnusualNCGiftsInd
Third Parties Used0ThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, COLUMN (B):FormAndLineReferenceDesc
ExplanationCONTRIBUTIONS THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS RECEIVED.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (10 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART III, LINE 1ORGANIZATION'S MISSION PROVIDENCE COLLEGE IS A CATHOLIC, DOMINICAN, LIBERAL ARTS INSTITUTION OF HIGHER EDUCATION AND A COMMUNITY COMMITTED TO ACADEMIC EXCELLENCE IN PURSUIT OF THE TRUTH, GROWTH IN VIRTUE, AND SERVICE OF GOD AND NEIGHBOR. HISTORY PROVIDENCE COLLEGE WAS FOUNDED IN 1917 BY THE DOMINICAN FRIARS AT THE INVITATION OF BISHOP HARKINS TO PROVIDE A CATHOLIC EDUCATION IN THE ARTS AND SCIENCES. FAITH AND REASON PROVIDENCE COLLEGE IS CONFIDENT IN THE APPEAL OF REASON, BELIEVES THAT HUMAN BEINGS ARE DISPOSED TO KNOW THE TRUTH, AND TRUSTS IN THE POWER OF GRACE TO ENLIGHTEN MINDS, OPEN HEARTS, AND TRANSFORM LIVES. PROVIDENCE COLLEGE MAINTAINS THAT THE PURSUIT OF TRUTH HAS INTRINSIC VALUE, THAT FAITH AND REASON ARE COMPATIBLE AND COMPLEMENTARY MEANS TO ITS DISCOVERY, AND THAT THE SEARCH FOR TRUTH IS THE BASIS FOR DIALOGUE WITH OTHERS AND CRITICAL ENGAGEMENT WITH THE WORLD. ACADEMIC EXCELLENCE PROVIDENCE COLLEGE IS COMMITTED TO ACADEMIC EXCELLENCE, AND HOLDS ITSELF TO THE HIGHEST STANDARDS IN TEACHING, LEARNING, AND SCHOLARSHIP. ITS CORE CURRICULUM ADDRESSES KEY QUESTIONS OF HUMAN EXISTENCE, INCLUDING LIFE'S MEANING AND PURPOSE, AND STRESSES THE IMPORTANCE OF MORAL AND ETHICAL REASONING, AESTHETIC APPRECIATION, AND UNDERSTANDING THE NATURAL WORLD, OTHER CULTURES, AND DIVERSE TRADITIONS. PROVIDENCE COLLEGE HONORS ACADEMIC FREEDOM, PROMOTES CRITICAL THINKING AND ENGAGED LEARNING, AND ENCOURAGES A PEDAGOGY OF DISPUTED QUESTIONS. COMMUNITY AND DIVERSITY PROVIDENCE COLLEGE SEEKS TO REFLECT THE RICH DIVERSITY OF THE HUMAN FAMILY. FOLLOWING THE EXAMPLE OF ST. DOMINIC, WHO EXTENDED A LOVING EMBRACE TO ALL, IT WELCOMES QUALIFIED MEN AND WOMEN OF EVERY BACKGROUND AND AFFIRMS THE GOD-GIVEN DIGNITY, FREEDOM, AND EQUALITY OF EACH PERSON. PROVIDENCE COLLEGE PROMOTES THE COMMON GOOD, THE HUMAN FLOURISHING OF EACH MEMBER OF THE CAMPUS COMMUNITY, AND SERVICE OF NEIGHBOURS NEAR AND FAR. VERITAS AND PROVIDENCE PROVIDENCE COLLEGE BRINGS THE EIGHT-HUNDRED- YEAR-OLD DOMINICAN IDEAL OF VERITAS TO THE ISSUES AND CHALLENGES OF TODAY. IT SEEKS TO SHARE THE FRUITS OF CONTEMPLATION IN AN INCREASINGLY GLOBAL AND DIVERSE SOCIETY, AND TO PRAISE AND BLESS ALL THAT IS GOOD AND VITAL IN HUMAN ENDEAVORS. PROVIDENCE COLLEGE SUPPORTS THE DOMINICAN MISSION OF PREACHING THE GOSPEL OF JESUS CHRIST TO A NEW GENERATION OF STUDENTS AND HELPING THEM DISCOVER GOD'S PROVIDENCE IN THEIR LIVES.
PART III, LINE 4A, PROGRAM SERVICE ACCOMPLISHMENTS:PROVIDENCE COLLEGE OFFERS UNDERGRADUATE DEGREES, GRADUATE DEGREES, AND CERTIFICATE PROGRAMS. COMMITTED TO ACADEMIC EXCELLENCE, THE COLLEGE'S CORE CURRICULUM ADDRESSES KEY QUESTIONS OF HUMAN EXISTANCE, INCLUDING LIFE'S MEANING AND PURPOSE, AND STRESSES THE IMPORTANCE OF MORAL AND ETHICAL REASONING, AESTHETIC APPRECIATION, AND UNDERSTANDING THE NATURAL WORLD, OTHER CULTURES, AND DIVERSE TRADITIONS. PROVIDENCE COLLEGE HONORS ACADEMIC FREEDOM, PROMOTES CRITICAL THINKING AND ENGAGED LEARNING, AND ENCOURAGES A PEDAGOGY OF DISPUTED QUESTIONS. THE COLLEGE OFFERS APPROXIMATELY 50 MAJOR FIELDS OF STUDY. THE STUDENT/FACULTY RATIO IS 12:1 AND THE AVERAGE CLASS SIZE IS 20. THE COLLEGE IS ACCREDITED BY THE NEW ENGLAND ASSOCIATION OF SCHOOLS AND COLLEGES AND THE AACSB INTERNATIONAL, AMONG OTHER ACCREDITING BODIES. APPROXIMATELY 4,800 STUDENTS WERE ENROLLED IN THE UNDERGRADUATE, GRADUATE AND CONTINUING EDUCATION PROGRAMS.
FORM 990, PART VI, SECTION A, LINE 612-MEMBER CORPORATION PROVIDENCE COLLEGE'S GOVERNING BODY IS A TWO-TIER STRUCTURE: A CORPORATION AND A BOARD OF TRUSTEES. THE 12-MEMBER CORPORATION IS THE BODY THAT HAS THE ULTIMATE AUTHORITY TO EXERCISE CONTROL OVER OWNERSHIP OF PROPERTY, TO PROMULGATE AND AMEND THE BY-LAWS, TO ACCEPT OR REJECT THE RECOMMENDATION FOR ELECTION TO THE PRESIDENCY OF THE COLLEGE BY THE BOARD OF TRUSTEES, AND TO ELECT MEMBERS OF THE CORPORATION AND OF THE BOARD OF TRUSTEES. THE CORPORATION IS COMPRISED OF FOUR EX OFFICIO MEMBERS AND EIGHT OTHER INDIVIDUALS ELECTED BY THE CORPORATION, FOUR DOMINICAN FRIARS AND FOUR LAY PERSONS. THE EX OFFICIO MEMBERS ARE: (I) THE PROVINCIAL OF THE PROVINCE OF ST. JOSEPH, THE ELECTED LEADER OF THE DOMINICAN ORDER FOR THE EASTERN REGION OF THE UNITED STATES; (II) THE ROMAN CATHOLIC BISHOP OF THE DIOCESE OF PROVIDENCE; (III) THE PRESIDENT OF THE COLLEGE; (IV) AND THE CHAIRMAN OF THE BOARD OF TRUSTEES. THE TERMS OF OFFICE OF THE BISHOP, THE PRESIDENT, THE PROVINCIAL AND THE CHAIRMAN OF THE BOARD OF TRUSTEES ARE CO-TERMINUS WITH THE RESPECTIVE INCUMBENCY OF EACH. THE TERM OF ALL OTHER MEMBERS IS THREE YEARS.
FORM 990, PART VI, SECTION A, LINE 7ASEE DESCRIPTION PROVIDED FOR FORM 990, PART VI, LINE 6
FORM 990, PART VI, SECTION A, LINE 7BSEE DESCRIPTION PROVIDED FOR FORM 990, PART VI, LINE 6
FORM 990, PART VI, SECTION B, LINE 11BFORM 990 REVIEW PROCESS THE FORM 990 WILL BE COMPLETED ANNUALLY. MEMBERS OF THE AUDIT COMMITTEE WILL REVIEW THE FORM 990 WITH THE COLLEGE'S PRESIDENT, EXECUTIVE VICE PRESIDENT, SR. VICE PRESIDENT FOR FINANCE & BUSINESS/CFO, AND CONTROLLER. AT THE DISCRETION OF THE AUDIT COMMITTEE CHAIR, THE THIRD PARTY PREPARER OF THE FORM 990 MAY BE ASKED TO ATTEND. ANY NECESSARY CHANGE, IDENTIFIED THROUGH THE REVIEW PROCESS, WILL BE MADE TO THE ORIGINALLY SUBMITTED FORM 990. THIS UPDATED VERSION OF THE FORM 990 WILL BE CONSIDERED APPROVED FOR FILING. IT WILL BE SIGNED BY THE SR. VICE PRESIDENT FOR FINANCE & BUSINESS/CFO, DATED, AND SUBMITTED BY THE FILING DEADLINE. A COPY OF THE APPROVED FORM 990 WILL BE PROVIDED, VIA POSTING ON THE TRUSTEES ONLY AREA OF THE COLLEGE WEBSITE, TO ALL OF THE OFFICERS AND TRUSTEES BEFORE THE RETURN IS FILED.
FORM 990, PART VI, SECTION B, LINE 12CCONFLICT OF INTEREST POLICY ALL OFFICERS, TRUSTEES, AND KEY EMPLOYEES ARE REQUIRED TO DISCLOSE ANNUAL INTERESTS THAT COULD GIVE RISE TO CONFLICTS. ALL CONFLICT OF INTEREST DISCLOSURE FORMS ARE REVIEWED BY THE COLLEGE'S GENERAL COUNSEL, THE CHAIRPERSON OF THE AUDIT COMMITTEE, AND A DESIGNEE OF THE CORPORATION. ISSUES ARISING UNDER THE APPLICATION OF THIS POLICY SHALL BE RESOLVED BY THE BOARD OF TRUSTEES OR THE EXECUTIVE COMMITTEE.
FORM 990, PART VI, SECTION B, LINE 15COMPENSATION POLICY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES ANNUALLY REVIEWS THE POLICIES, PROGRAMS, AND TOTAL COMPENSATION FOR EXECUTIVES TO ENSURE COMPLIANCE WITH FEDERAL REGULATIONS CONCERNING EXECUTIVE COMPENSATION IN NON-PROFIT ORGANIZATIONS. COMPETITIVE SURVEY DATA IS COLLECTED, ANALYZED, AND SUMMARIZED BY THE ASSOCIATE VICE PRESIDENT FOR HUMAN RESOURCES AND IS REVIEWED ANNUALLY BY THE SENIOR EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. SALARIES ARE BASED UPON THE EXECUTIVE'S SCOPE, SIZE, AND COMPLEXITY OF RESPONSIBILITIES AS WELL AS PERFORMANCE AGAINST GOALS AND OBJECTIVES. THIS PROCESS IS USED TO ESTABLISH COMPENSATION FOR THE FOLLOWING: PRESIDENT, EVP, VP FOR STUDENT AFFAIRS, SR VP OF ACADEMIC AFFAIRS/PROVOST, VP AND GENERAL COUNSEL, SR VP FOR FINANCE/CFO, SR VP FOR INSTITUTIONAL ADVANCEMENT, VP & DIRECTOR OF ATHLETICS, VP FOR MISSION AND MINISTRY, AND TREASURER. THIS PROCESS IS DONE ANNUALLY. PROVIDENCE COLLEGE'S PRESIDENT IS A MEMBER OF THE DOMINICAN FRIARS, A CATHOLIC RELIGIOUS ORDER. HE IS PROVIDED ON CAMPUS HOUSING AND HEALTHCARE BENEFITS BY THE COLLEGE. THE COMPENSATION FOR OTHER OFFICERS AND KEY EMPLOYEES IS SET BY THE PRESIDENT OF THE COLLEGE. INDEPENDENT COMPENSATION COMPARABILITY SURVEYS ARE USED PERIODICALLY IN SETTING COMPENSATION. THE COLLEGE COMPLIES WITH THE THREE REQUIREMENTS OF THE REBUTTABLE PRESUMPTION STANDARD, AS OUTLINED IN TREASURY REGULATIONS SECTION 53.4958-6: (1) EXECUTIVE COMPENSATION IS AUTHORIZED BY AN INDEPENDENT COMMITTEE OF THE BOARD OF DIRECTORS, (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 DETERMINATIONS.
FORM 990, PART VI, SECTION C, LINE 19PUBLIC DISCLOSURE POLICY THE ORGANIZATION'S GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC ON THE WEBSITE. THE COLLEGE COMMUNITY (FACULTY, STAFF, AND STUDENTS) HAVE ACCESS TO THE CONFLICT OF INTEREST POLICY THROUGH THE COLLEGE'S WEBSITE. FINANCIAL STATEMENTS ARE AVAILABLE TO ANYONE UPON REQUEST. THE FORM 990 IS POSTED ON THE INTERNET AT WWW.GUIDESTAR.ORG.
FORM 990, PART XI, LINE 9:UNCOLLECTIBLE PLEDGES -273,450. POST RETIREMENT BENEFIT OBLIGATION -633.

Schedule R IRS990ScheduleR

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (2 entries)

Primary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtEntity TypeEntityTypeTxtControlled OrganizationControlledOrganizationInd
CHARITABLE REMAINDER TRUSTS (5)
INVESTINGRIPCTYes (1)
CHARITABLE PERPETUAL TRUSTS (3)
INVESTINGRIPCTYes (1)
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other OrgYes (1)TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp

Other Organization Name OtherOrganizationName

FieldValueIRS element (for citing)
Business Name Line1CHARITABLE PERPETUAL TRUST (1)BusinessNameLine1Txt
FieldValueIRS element (for citing)
Transaction TypeSTransactionTypeTxt
Involved$56,000InvolvedAmt
Method Of Amount DeterminationCASHMethodOfAmountDeterminationTxt