2020-06-26T15:56:10-05:00 2019-06-30 KPMG LLP 60 South Street Boston MA 02111 990 2018-07-01 050258810 Bryant University % MR BARRY F MORRISON CPA BRYA 4012326005 1150 Douglas Pike Smithfield RI 029171284 BARRY F MORRISON VP BUS. AFF/TREAS. 4012326005 2020-06-26 true MARY HANINK P01244578 6179881000 2020-06-26 199.207.253.96 04502320201785000021 2020-06-26 P EADDDC6B6F9EC8B3697B082F65007897C59F0F10 072F242B0F8FA55BC44C4BBFD6D81B3F0B7E1C92 2018 2021-01-29 14:40:06Z RONALD K MACHTLEY 1150 DOUGLAS PIKE SMITHFIELD RI 029171284 274100766 false X WWW.BRYANT.EDU X 1863 RI BRYANT UNIVERSITY'S MISSION IS TO EDUCATE AND INSPIRE STUDENTS TO DISCOVER THEIR PASSION AND BECOME INNOVATIVE LEADERS WITH CHARACTER AROUND THE WORLD. 32 32 2077 500 728101 63366 11791639 8292858 201499102 210932616 13334968 14326394 1711942 2115043 228337651 235666911 61763717 65297444 0 0 84108676 85487755 34665 111016 3367315 66549347 65593161 212456405 216489376 15881246 19177535 499899835 505943499 161317954 158362317 338581881 347581182 X BRYANT UNIVERSITY'S MISSION IS TO EDUCATE AND INSPIRE STUDENTS TO DISCOVER THEIR PASSION AND BECOME INNOVATIVE LEADERS WITH CHARACTER AROUND THE WORLD. false false 173215592 65297444 166185205 *UNDERGRADUATE, GRADUATE AND CERTIFICATE PROGRAMS - INCLUDING ACADEMIC SUPPORT AND STUDENT SERVICES* SEE SCHEDULE O 15273034 45869543 *AUXILIARY SERVICES - DINING AND HOUSING* SEE SCHEDULE O 2585578 236516 *PUBLIC SERVICE* BRYANT UNIVERSITY HOSTS SEVERAL INSTRUCTIONAL PROGRAMS FUNDED BY EXTERNAL PARTIES INCLUDING THE FEDERAL GOVERNMENT, FOREIGN AND STATE GOVERNMENTS, AND CORPORATIONS. 191074204 true true false true false false false true false true true true false false true true false true true true true false true true true true false false true true true false false false false false false true false true false true true false false true true true true false true 615 0 true 2077 true true true true CH HK false false false true true false false false false false false X 32 32 true false false false false false false true true false true true true true true true true true true true true true AK CA CO MD MA MI NH NJ NY OH OK OR PA SC VA WA X MR BARRY F MORRISON CPA 4012326017 1150 DOUGLAS PIKE SMITHFIELD RI 029171284 WILLIAM J CONATY CHAIR OF THE BOARD 5.0 0.0 X 0 0 0 ROBERT MEAD VICE-CHAIR OF THE BOARD 5.0 0.0 X 0 0 0 M ANNE SZOSTAK VICE-CHAIR OF THE BOARD 5.0 0.0 X 0 0 0 DAVID C WEINSTEIN VICE-CHAIR OF THE BOARD 5.0 2.0 X 0 0 0 CHERYL MERCHANT SECRETARY TO THE BOARD 5.0 0.0 X 0 0 0 TIM BARTON TRUSTEE 5.0 0.0 X 0 0 0 DAVID M BEIRNE TRUSTEE 5.0 0.0 X 0 0 0 GEORGE E BELLO TRUSTEE 5.0 0.0 X 0 0 0 JAMES P BERGERON TRUSTEE 5.0 0.0 X 0 0 0 ROBERT P BROWN TRUSTEE 5.0 0.0 X 0 0 0 ROBERT J CALABRO TRUSTEE 5.0 0.0 X 0 0 0 TODD G CAREY TRUSTEE 5.0 0.0 X 0 0 0 LISA G CHURCHVILLE TRUSTEE 5.0 0.0 X 0 0 0 NANCY DEVINEY TRUSTEE 5.0 0.0 X 0 0 0 SCOTT C DONNELLY TRUSTEE 5.0 0.0 X 0 0 0 C CORRELL DURLING TRUSTEE 5.0 0.0 X 0 0 0 JEFFREY W GARDNER TRUSTEE 5.0 0.0 X 0 0 0 SHRUTI KANSARA TRUSTEE AS OF 7/1/18 5.0 0.0 X 0 0 0 DIANE KAZARIAN TRUSTEE 5.0 0.0 X 0 0 0 MORGAN LABARBERA TRUSTEE 5.0 0.0 X 0 0 0 F KURT LAST TRUSTEE 5.0 0.0 X 0 0 0 KRISTIAN P MOOR TRUSTEE 5.0 0.0 X 0 0 0 PATRICIA O'BRIEN TRUSTEE 5.0 0.0 X 0 0 0 LOUIS PAGE TRUSTEE 5.0 0.0 X 0 0 0 JOSEPH PAPARELLI TRUSTEE 5.0 0.0 X 0 0 0 JOSEPH F PUISHYS TRUSTEE 5.0 0.0 X 0 0 0 GORDON P RIBLET TRUSTEE 5.0 0.0 X 0 0 0 JAMES V ROSATI TRUSTEE 5.0 0.0 X 0 0 0 EDWIN J SANTOS TRUSTEE 5.0 0.0 X 0 0 0 DANIEL F SCHMITT TRUSTEE 5.0 0.0 X 0 0 0 MARGARET M VAN BREE TRUSTEE 5.0 0.0 X 0 0 0 RITA WILLIAMS-BOGAR TRUSTEE 5.0 0.0 X 0 0 0 RONALD K MACHTLEY PRESIDENT/TRUSTEE 42.0 10.0 X 991963 0 140324 BARRY F MORRISON VP-BUSINESS AFFAIRS/TREASURER 50.0 0.0 X 419965 0 92286 CHARLES F LOCURTO VP-INFORMATION SERVICES/CIO 50.0 0.0 X 343802 0 74781 DAVID C WEGRZYN VP - UNIVERSITY ADVANCEMENT 50.0 0.0 X 295945 0 110099 GLENN SULMASY PROVOST 45.0 5.0 X 322561 0 77247 JOHN R SADDLEMIRE VP OF STUDENT AFFAIRS 50.0 0.0 X 262357 0 69743 ROGER L ANDERSON EXECUTIVE ASST TO PRESIDENT 50.0 0.0 X 230890 0 74155 MICHELLE L CLOUTIER VP OF ENROLLMENT MANAGEMENT 50.0 0.0 X 214293 0 51139 TIMOTHY T PAIGE VP HUMAN RESOURCES 50.0 0.0 X 297009 0 29036 MADAN G ANNAVARJULA DEAN, COLLEGE OF BUSINESS 50.0 0.0 X 254080 0 56305 BRADFORD D MARTIN DEAN,COLLEGE OF ARTS & SCIENCE 50.0 0.0 X 185720 0 61490 WILLIAM SMITH DIRECTOR OF ATHLETICS 50.0 0.0 X 288733 0 118304 MICHAEL J PRESSLER HEAD MEN'S LACROSS COACH 50.0 0.0 X 280523 0 80451 TIMOTHY J O'SHEA MEN'S BASKETBALL COACH 50.0 0.0 X 323228 0 17252 HONG YANG VP INTERNATIONAL AFFAIRS 45.0 5.0 X 273110 0 50056 PETER J NIGRO PROFESSOR SARKISIAN CHAIR 50.0 0.0 X 258101 0 48590 VK UNNI FORMER KEY/PROFESSOR 50.0 0.0 X 180865 0 42855 WENDY SAMTER FMR/DEAN,COLLEGE OF ARTS & SCI 50.0 0.0 X 125667 0 34318 5548812 0 1228431 163 true true false SODEXO 620 MICHIGAN AVENUE NE WASHINGTON DC 20064 FOOD SERVICE 9826490 AHLBORG CONSTRUCTION CORPORATION 21 COLLEGE HILL ROAD SECOND FLOOR WARWICK RI 02886 CONSTRUCTION 2938332 AZ CORPORATION PO BOX 370 NORTH STONINGTON CT 06359 CONSTRUCTION 2913810 NEW ENGLAND CONSTRUCTION CO INC 293 BOURNE AVENUE RUMFORD RI 02916 CONSTRUCTION 1781342 BOND BROS INC 10 CABOT ROAD SUITE 301 MEDFORM MA 021555713 CONSTRUCTION 1745200 40 100070 2043354 6149434 187175 8292858 TUITION AND FEES 900099 162418587 162418587 AUXILIARY ENTERPRISES 721310 45869543 44412415 417599 1039529 STUDENT SERVICES REVENUES 900099 2407970 2395220 12750 PUBLIC SERVICE PROGRAMS 900099 236516 236516 210932616 1641657 128028 1513629 0 366777 366777 0 0 0 50823608 184920 37976355 347436 12847253 -162516 12684737 169724 12515013 77307 100070 105984 -28677 -28677 34392 4080 30312 30312 0 0 0 SOPHOMORE INTERNATIONAL EXPERIENCE 900099 783000 783000 LAPTOP PROGRAM 900099 65570 65570 CHINA PROGRAM 900099 151740 151740 746321 510078 236243 1746631 235666911 210821386 728101 15824566 7266 7266 61439425 61439425 3850753 3850753 0 4593701 1295843 3095286 202572 144476 144476 61096463 52109319 7216983 1770161 4523380 4075401 319623 128356 10898506 9565667 998916 333923 4231229 3608826 499811 122592 0 264807 264089 718 249710 249710 20000 20000 111016 111016 0 3993760 2761830 1231825 105 2581183 1167290 1204129 209764 1697401 1513277 75311 108813 3660644 2291632 1288848 80164 0 3870053 1837114 2032939 4382239 4050512 231391 100336 0 678099 578245 84499 15355 4382812 4135884 246928 0 16297109 15378930 918179 1524141 522030 1001129 982 DINING SERVICES 11066124 10658568 325884 81672 FACILITY REPAIRS 2336036 2298533 37503 ACTIVITIES EXPENSE 1174180 1135722 30008 8450 STUDY ABROAD TUITION EXPENSES 2380678 2380678 5034185 4266983 674866 92336 216489376 191074204 22047857 3367315 15125 39569 62427400 70513323 6306264 5118322 3652769 3518068 0 0 0 0 5771943 4888740 0 0 3728072 4850410 441342252 223681455 211995614 217660797 124373398 110740074 80196759 87077366 1285486 1378072 0 0 147005 158758 499899835 505943499 24711363 23431408 0 0 9965655 9274000 111043312 107367661 0 0 0 0 0 0 0 0 15597624 18289248 161317954 158362317 X 295348586 301275825 22036023 22209220 21197272 24096137 338581881 347581182 499899835 505943499 X 19177535 -7481753 -2696481 X false true X true true true X 7252715 7497028 10201407 11770227 8292858 45014235 0 0 7252715 7497028 10201407 11770227 8292858 45014235 3316589 41697646 4035440 3537635 3628785 4232143 1880406 17314409 33739 33739 0 62362383 976668992 0.66863 0.61329 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false true 20000 false false false 20000 false LOBBYING ACTIVITIES THE UNIVERSITY ENTERED INTO A ONE-MONTH CONTRACT WITH THE RHODE ISLAND ACADEMY OF PHYSICIAN ASSISTANTS TO ASSIST IT WITH A STUDY OF PHYSICIAN ASSISTANT (PA) USE, INCREASED AWARENESS OF PAS, AND MARKETING THE PA PROFESSION. THE CONTRACTED SERVICES TO BE PROVIDED BY THE CONTRACTOR INCLUDED: ACQUIRING THE SERVICES OF A LOBBYIST TO ASSIST WITH PASSAGE OF LEGISLATION FAVORABLE TO THE PRACTICE OF PAS IN THE STATE OF RI; COLLECTING DATA FROM LICENSED PAS; DETERMINING FACTORS OR BARRIERS TO HIRING PAS; AND PROVIDING MARKETING FOR PAS IN RI. IN ADDITION, THE UNIVERSITY AND SOME OF ITS EMPLOYEES ARE MEMBERS IN CERTAIN PROFESSIONAL ORGANIZATIONS, INCLUDING THE NATIONAL ASSOCIATION OF COLLEGES AND UNIVERSITY BUSINESS OFFICERS, AND OTHER REGIONAL ORGANIZATIONS. A PORTION OF THESE MEMBERSHIP DUES MAY BE CONSIDERED LOBBYING EXPENSES, BUT THE UNIVERSITY HAS NOT MADE ANY INTERNAL ALLOCATION OF SUCH DUES TO LOBBYING. 13596 709714 X false false false 183755806 3860385 4757576 2482703 5855198 184035866 174207413 2884395 16947391 2397449 5808051 2077893 183755806 158599584 5525510 20365606 2312534 5843266 2127487 174207413 170101208 2753492 -4158815 2222341 5631859 2242101 158599584 172809343 3003914 4596564 1994626 5437075 2876912 170101208 0.82000 0.18000 false false 0 3289054 3289054 0 350962387 168335767 182626620 0 51124700 40186902 10937798 0 35966111 15158786 20807325 217660797 HEDGE FUNDS 56533301 F PRIVATE PLACEMENT PROGRAMS 30544065 F 87077366 0 SWAP DERIVATIVES 9631713 ASSET RETIRMENT OBLIGATION 2102144 REFUNDABLE ADVANCES - US GOVER 6555391 18289248 X 162931302 -7481753 -65363921 -72845674 235776976 -110065 -110065 235666911 153979250 2779674 2779674 151199576 65289800 65289800 216489376 ORGANIZATION'S COLLECTIONS PART III, LINE 4 THE UNIVERSITY'S ART COLLECTIONS CONSIST OF MANY DIFFERENT TYPES OF ART INCLUDING PAINTINGS, PHOTOGRAPHS, BOOK COLLECTIONS, SPORTS MEMORABILIA, SCULPTURES, FIGURINES, ANTIQUES AND ARTIFACTS. THE COLLECTIONS ENHANCE AND FURTHER THE PURPOSE OF THE UNIVERSITY IN VARIOUS WAYS, WHICH INCLUDE THE ABILITY OF THE STUDENT TO LEARN TO UNDERSTAND HUMAN EXPERIENCES, BOTH PAST AND PRESENT, LEARN TO ADAPT TO AND RESPECT OTHERS' DIVERSE WAYS OF THINKING, WORKING, AND EXPRESSING THEMSELVES, AND ANALYZING NONVERBAL COMMUNICATION AND MAKING INFORMED JUDGMENTS ABOUT CULTURAL PRODUCTS AND ISSUES. ENDOWMENT FUNDS PART V LINE 2 THE UNIVERSITY HAS ADOPTED FASB ASU 2016-14, PRESENTATION OF THE FINANCIAL STATEMENTS OR NOT-FOR-PROFIT ENTITIES. AS A RESULT, THE JUNE 30, 2019 AUDITED FINANCIAL STATEMENTS CLASSIFY NET ASSETS AS EITHER NET ASSETS WITHOUT DONOR RESTRICTIONS, OR NET ASSETS WITH DONOR RESTRICTIONS. FOR PURPOSES OF PART V, LINE 2, THE UNIVERSITY HAS REPORTED ITS YEAR END ENDOWMENT BALANCE WITHOUT DONOR RESTRICTIONS AS QUASI-ENDOWMENT AND ITS YEAR END BALANCE WITH DONOR RESTRICTIONS AS PERMANENT ENDOWMENT. PART V, LINE 4 The purpose of the Universitys Endowment Fund is to support the educational mission of the University by providing a reliable source of funds for current and future use. Through quarterly drawdowns, the endowment is used to fund scholarships and grants as well as maintaining University facilities and program services. FIN 48 (ASC 740) FOOTNOTE PART X, LINE 2 THE UNIVERSITY IS A TAX-EXEMPT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE) AND IS GENERALLY EXEMPT FROM INCOME TAXES PURSUANT TO SECTION 501(A) OF THE CODE. BRU LLC IS A WHOLLY OWNED SINGLE-MEMBER LLC, A DISREGARDED ENTITY FOR TAX PURPOSES. BRYANT CHINA (H.K.) LIMITED, and ZHUHAI BRYANT EDUCATIONAL CONSULTING COMPANY are foreign corporations for tax purposes. Any Tax liability of BRU LLC, Bryant China (H.K.) Limited, or Zhuhai Bryant Educational consulting company is REPORTED BY THE UNIVERSITY. THE UNIVERSITY BELIEVES IT HAS TAKEN NO SIGNIFICANT UNCERTAIN TAX POSITIONS. OTHER REVENUE INCLUDED IN FINANCIAL STATEMENTS NOT ON RETURN PART XI, LINE 2D SCHOLARSHIPS AND GRANTS $ (65,289,800) ACCRUAL OF LIABILITY FOR ASSET REMEDIATION $ (103,115) ACCRUAL OF OTHER NONOPERATING LIABILITY $ (321) CHANGE IN SPLIT INTEREST AGREEMENT $ (85,042) CHANGE IN FAIR VALUE OF INTEREST RATE SWAPS $ (2,508,003) BRYANT CHINA (H.K.) REVNUES $ 2,622,359 ZHUHAI BRYANT REVENUES $ 1 --------------- TOTAL $ (65,363,921) OTHER REVENUE INCLUDED ON RETURN NOT IN FINANCIAL STATEMENTS PART XI, LINE 4B FUNDRAISING EXPENSE $ (105,984) RAFFLE EXPENSES $ (4,080) ----------- TOTAL $ (110,065) OTHER EXPENSES INCLUDED IN FINANCIAL STATEMENTS NOT ON RETURN PART XII, LINE 2D FUNDRAISING EXPENSE $ 105,984 RAFFLE EXPENSES $ 4,080 BRYANT CHINA (H.K.) EXPENSES $ 2,662,109 ZHUHAI BRYANT EXPENSE $ 7,501 -------------- TOTAL $ 2,779,674 OTHER EXPENSES INCLUDED ON RETURN NOT IN FINANCIAL STATEMENTS PART XII, LINE 4B SCHOLARSHIPS AND GRANTS $ 65,289,800 true true true true true true true false false false false false false false false true false true SCHEDULE E QUESTION 3 BRYANT UNIVERSITY DOES NOT CURRENTLY PUBLICIZE ITS NONDISCRIMINATORY POLICY THROUGH NEWSPAPER AND BROADCAST MEDIA. HOWEVER, WITHIN THE "CAMPUS AND COMMUNITY" SECTION OF BRYANT UNIVERSITY'S WEBPAGE THERE IS AN ENTIRE PAGE TITLED "CULTURE OF RESPECT AND INCLUSION" THAT IS DEVOTED TO BRYANT'S COMMITMENT OF "PROVIDING AN INCLUSIVE AND WELCOMING EDUCATIONAL AND WORKING ENVIRONMENT FOR ALL MEMBERS OF ITS CAMPUS COMMUNITY." THIS PAGE IS ACCESSIBLE TO ALL WHO VISIT BRYANT'S WEBSITE INCLUDING PROSPECTIVE STUDENTS AND THEIR PARENTS. IN ADDITION, AT THE BOTTOM OF THE UNIVERSITY'S HOMEPAGE THE NONDISCRIMINATION POLICY IS CLEARLY DESCRIBED. SCHEDULE E QUESTION 6A Bryant University has received student financial assistance funds through the following U.S. Department of Education Programs: 1. Federal Pell Grant, 2. Federal Supplemental Education Opportunity Grant, 3. Federal Work-Study, 4. Federal Perkins Loan, 5. Federal Direct Loan. In addition, Bryant received funds from the Veterans Administration and various state government agencies including: the Rhode Island Higher Education Assistance Authority, the Massachusetts Office of Student Financial Assistance, and others. true Central America and the Caribbean Grantmaking 173000 East Asia and the Pacific Grantmaking 1097540 Europe (Including Iceland and Greenland) Grantmaking 691273 Middle East and North Africa Grantmaking 95180 North America Grantmaking 602794 Russia and the Newly Independent States Grantmaking 20000 South America Grantmaking 263610 South Asia Grantmaking 680975 Sub-Saharan Africa Grantmaking 226381 Central America and the Caribbean Fundraising 520 Europe (Including Iceland and Greenland) Fundraising 6170 North America Fundraising 232 South Asia Fundraising 366 East Asia and the Pacific Program Services STUDY ABROAD 734853 Europe (Including Iceland and Greenland) Program Services STUDY ABROAD 2390374 North America Program Services STUDY ABROAD 1878 South America Program Services STUDY ABROAD 376944 Central America and the Caribbean Program Services STUDENT RECRUITING 10338 East Asia and the Pacific Program Services STUDENT RECRUITING 1421 Europe (Including Iceland and Greenland) Program Services STUDENT RECRUITING 8660 North America Program Services STUDENT RECRUITING 968 South America Program Services STUDENT RECRUITING 5727 South Asia Program Services STUDENT RECRUITING 3619 Sub-Saharan Africa Program Services STUDENT RECRUITING 7892 East Asia and the Pacific Program Services MAINT & BLD RELATIONS 81881 Europe (Including Iceland and Greenland) Program Services MAINT & BLD RELATIONS 4935 South America Program Services MAINT & BLD RELATIONS 1599 Europe (Including Iceland and Greenland) Program Services EXPORT ASSISTANCE 10454 South America Program Services EXPORT ASSISTANCE 9946 East Asia and the Pacific Program Services INT'L LEARNING 18803 Europe (Including Iceland and Greenland) Program Services INT'L LEARNING 16026 North America Program Services INT'L LEARNING 4247 South America Program Services INT'L LEARNING 1159 Central America and the Caribbean Investments 26794665 Europe (Including Iceland and Greenland) Investments 2046991 Central America and the Caribbean Send agents to seminar 957 East Asia and the Pacific Send agents to seminar 11295 Europe (Including Iceland and Greenland) Send agents to seminar 33124 Middle East and North Africa Send agents to seminar 2740 North America Send agents to seminar 9597 Sub-Saharan Africa Send agents to seminar 2924 East Asia and the Pacific 1 Program Services DEAN 1 1 7362090 29089968 36452058 SCHOLARSHIPS Central America and the Caribbean 14 173000 STUDENT ACCT SCHOLARSHIPS East Asia and the Pacific 82 1097540 STUDENT ACCT SCHOLARSHIPS Europe (Including Iceland and Greenland) 39 691273 STUDENT ACCT SCHOLARSHIPS Middle East and North Africa 5 95180 STUDENT ACCT SCHOLARSHIPS North America 32 602794 STUDENT ACCT SCHOLARSHIPS Russia and the Newly Independent States 1 20000 STUDENT ACCT SCHOLARSHIPS South America 18 263610 STUDENT ACCT SCHOLARSHIPS South Asia 50 680975 STUDENT ACCT SCHOLARSHIPS Sub-Saharan Africa 17 226381 STUDENT ACCT true false true true true true MONITOR THE USE OF GRANTS FUNDS OUTSIDE THE U.S. PART I, LINE 2 THE UNIVERSITY ONLY DISTRIBUTES GRANTS DIRECTLY INTO STUDENT ACCOUNTS TO OFFSET THE STUDENT'S OUTSTANDING BALANCE FOR THE SEMESTER TO ENSURE THESE FUNDS HAVE BEEN UTILIZED FOR THEIR INTENDED PURPOSE. ACCOUNTING METHOD PART I, LINE 3, COLUMN (F) THE UNIVERSITY USED THE ACCRUAL METHOD TO ACCOUNT FOR EXPENDITURES IN EACH REGION. INVESTMENTS ARE MEASURED AT FAIR MARKET VALUE. EMPLOYEES IN THE REGION PART I, LINE 3(8) (PAGE 3) The Dean located in East Asia is an employee of Bryant University. His salary is an expense of Bryant China (H.K.). X X X X X X X true MARIA LAWRENCE 651A COOPER HILL ROAD MAPLEVILLE RI 02839 FUNDRAISING CONSULTING false 49514 DANIEL ALLENBY AGN PO BOX 201 MEDFIELD MA 02052 ANNUAL GIVING false 31945 WORKING PHILANTHROPY 3425 BANNERMAN RD SUITE 105-175 TALLAHASSEE FL 32312 PROSPECT RESEARCH false 15300 PATRICIA VIENS 47 BERM DRIVE CUMBERLAND RI 02864 CAMPAIGN WRITER false 5963 102722 AL AK AZ AR CA CO CT DE DC FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY GOLF TOURNAMENT 177377 100070 77307 1900 33552 15077 55455 0 177377 100070 77307 1900 33552 15077 55455 105984 -28677 34392 3500 407 173 true 0.95000 34392 3500 407 173 4080 30312 RI true APPLICATIONS TO CONDUCT THE RAFFLES WERE FILED WITH THE RI STATE POLICE - LICENSES WERE GRANTED AND APPROVED false false false Jerry Cummiskey 1150 DOUGLAS PIKE SMITHFIELD RI 02917 false Jerry Cummiskey 0 Organized raffle, fund collection,& winner payment X false GAMING PART III, LINE 2 & 3 MEN'S AND WOMEN'S SWIMMING CONDUCTED A RAFFLE TO MEET THEIR FUNDRAISING GOALS. FIRST PRIZE WAS $2,500 AND SECOND PRIZE WAS AN APPLE WATCH THAT WAS PURCHASED AT TARGET FOR $299.99. SOFTBALL HELD A RAFFLE TO SUPPORT THEIR FUNDRAISING GOALS. THE MAJORITY OF PRIZES WERE DONATED WITH THE EXCEPTION OF TICKETS TO A BASEBALL GAME. THE COST OF THE TICKETS WAS $107 AND THE DONATED PRIZES WERE OF NOMINAL VALUE. MEN'S SOCCER HELD A RAFFLE TO HELP SUPPORT FUNDRAISING GOALS. THE PRIZE WAS $1,000. PART III, LINE 14 SEAMUS PURCELL AND BRIANNA CHIUSANO PART III, LINE 16 SEAMUS PURCELL AND BRIANNA CHIUSANO true ACADEMIC/NEED-BASED SCHOLARSHIPS 3541 48616165 ANNUAL GIFTS 94 428495 ATHLETIC AWARDS 444 7845191 DIVERSITY AWARDS 49 1061500 ENDOWED SCHOLARSHIPS 258 1439790 SPECIAL PROGRAMS 271 1141246 ADVANTAGE SCHOLARSHIPS 34 113754 STATE & INSTITUTION 94 360082 SEOG PROGRAM 475 395963 FWS COMMUNITY SERVICE 32 37239 PROCEDURES TO MONITOR THE USE OF GRANT FUNDS IN THE U.S. PART I, LINE 2 ALL FEDERAL TITLE IV FUNDS RECEIVED BY BRYANT UNIVERSITY ARE MANAGED IN STRICT COMPLIANCE WITH ALL REQUIREMENTS SET FORTH IN THE PROGRAM PARTICIPATION AGREEMENT, A FORMAL AGREEMENT BETWEEN BRYANT UNIVERSITY AND THE U.S. DEPARTMENT OF EDUCATION. THE PROGRAM PARTICIPATION AGREEMENT IS PERSONALLY ENDORSED BY BOTH THE CHIEF EXECUTIVE OFFICER OF BRYANT UNIVERSITY AND THE SECRETARY OF THE U.S. DEPARTMENT OF EDUCATION. COMPLIANCE WITH ALL TITLE IV REQUIREMENTS IS MONITORED BY THE DIRECTOR OF FINANCIAL AID WITH THE ASSISTANCE OF FOUR (EXEMPT) PROFESSIONAL FINANCIAL AID ADMINISTRATORS AND THREE (NON-EXEMPT) SUPPORT STAFF MEMBERS. COMPLIANCE CAPABILITY IS GREATLY ENHANCED THROUGH THE USE OF THE BANNER INTEGRATED MANAGEMENT INFORMATION SYSTEM AND ITS EFFECTIVE INTERFACE WITH OTHER DEPARTMENT OF EDUCATION SYSTEMS. THE UNIVERSITY PROVIDES ASSISTANCE FOR COMMUNITY SUPPORT TO VARIOUS ORGANIZATIONS THROUGH THEIR FUNDRAISING EVENTS. IN THE CURRENT YEAR, NO ORGANIZATION RECEIVED OVER $5,000 FROM THE UNIVERSITY IN THIS CAPACITY. X X X X X true true X X X true true false false false false false true false RONALD K MACHTLEY PRESIDENT/TRUSTEE 687335 304628 31200 109124 1132287 BARRY F MORRISON VP-BUSINESS AFFAIRS/TREASURER 361814 0 36572 0 21579 0 51200 0 41086 0 512251 0 0 0 CHARLES F LOCURTO VP-INFORMATION SERVICES/CIO 295596 0 38384 0 9822 0 51200 0 23581 0 418583 0 0 0 DAVID C WEGRZYN VP - UNIVERSITY ADVANCEMENT 255695 0 34226 0 6024 0 29875 0 80224 0 406044 0 0 0 GLENN SULMASY PROVOST 282094 0 33683 0 6784 0 31200 0 46047 0 399808 0 0 0 JOHN R SADDLEMIRE VP OF STUDENT AFFAIRS 224245 0 34944 0 3168 0 25170 0 44573 0 332100 0 0 0 ROGER L ANDERSON EXECUTIVE ASST TO PRESIDENT 179605 0 20000 0 31285 0 50658 0 23497 0 305045 0 0 0 MICHELLE L CLOUTIER VP OF ENROLLMENT MANAGEMENT 180326 0 33540 0 427 0 21257 0 29882 0 265432 0 0 0 TIMOTHY T PAIGE VP HUMAN RESOURCES 234490 0 35230 0 27289 0 0 0 29036 0 326045 0 0 0 MADAN G ANNAVARJULA DEAN, COLLEGE OF BUSINESS 250822 0 1000 0 2258 0 29386 0 26919 0 310385 0 0 0 BRADFORD D MARTIN DEAN,COLLEGE OF ARTS & SCIENCE 180331 0 4500 0 889 0 20525 0 40965 0 247210 0 0 0 WILLIAM SMITH DIRECTOR OF ATHLETICS 199007 0 31772 0 57954 0 27818 0 90486 0 407037 0 0 0 MICHAEL J PRESSLER HEAD MEN'S LACROSS COACH 197204 0 0 83319 0 21865 0 58586 0 360974 0 0 0 TIMOTHY J O'SHEA MEN'S BASKETBALL COACH 60435 0 0 262793 0 5667 0 11585 0 340480 0 0 0 HONG YANG VP INTERNATIONAL AFFAIRS 212625 0 34723 0 25762 0 26297 0 23759 0 323166 0 0 0 PETER J NIGRO PROFESSOR SARKISIAN CHAIR 256631 500 970 22242 26348 306691 VK UNNI FORMER KEY/PROFESSOR 180865 0 0 0 19767 0 23088 0 223720 0 0 0 WENDY SAMTER FMR/DEAN,COLLEGE OF ARTS & SCI 123919 0 0 1748 0 13055 0 21263 0 159985 0 0 0 BENEFITS PART I, LINE 1A RONALD MACHTLEY, PRESIDENT OF THE UNIVERSITY AND MEMBER OF THE BOARD OF TRUSTEES, TRAVELLED ON THREE TRIPS WITH HIS SPOUSE, KATI MACHTLEY, ON UNIVERSITY RELATED BUSINESS. THESE EXPENSES ARE NOT CONSIDERED COMPENSATION FOR PRESIDENT MACHTLEY SINCE THE TRIP WAS BUSINESS RELATED AND MRS. MACHTLEY IS ALSO AN EMPLOYEE OF THE UNIVERSITY. ACCORDING TO THE UNIVERSITY'S POLICY, TRAVEL FOR THE PRESIDENT'S COMPANION SHALL ONLY BE REIMBURSED WHEN INCURRED WHILE CONDUCTING BUSINESS FOR THE UNIVERSITY. The University paid for club memberships and associated fees for President Machtley, Barry Morrison (VP for Business Affairs), David Wegrzyn (VP for University Advancement), William Smith (Director of Athletics), and Michael Pressler (Head Men's Lacrosse Coach). These memberships were obtained for business purposes, and are included as non-taxable benefits in Part II. Personal, non-business related usage expenses are paid for by the employee, not the University. AS A CONDITION OF THEIR EMPLOYMENT, THE UNIVERSITY PROVIDED ON-CAMPUS HOUSING FOR PRESIDENT MACHTLEY; GLENN SULMASY, PROVOST; JOHN SADDLEMIRE, VICE PRESIDENT FOR STUDENT AFFAIRS; AND WILLIAM SMITH, DIRECTOR OF ATHLETICS. THE UNIVERSITY PROVIDES CUSTODIAL SERVICES TO MAINTAIN THE HOUSING. THESE AMOUNTS ARE INCLUDED AS NON-TAXABLE BENEFITS IN PART II. DURING THE TWO-YEAR WAITING PERIOD FOR ELIGIBILITY TO PARTICIPATE IN THE UNIVERSITY'S CONTRIBUTIONS TO ITS RETIREMENT PLAN, TIMOTHY PAIGE, VICE PRESIDENT OF HUMAN RESOURCES, WAS PROVIDED WITH A PAYMENT MADE ON A MONTHLY BASIS THAT IS EQUIVALENT TO THE UNIVERSITY'S ANNUAL CONTRIBUTION TO THE RETIREMENT PLAN PLUS TAXES. THIS IS TREATED AS TAXABLE COMPENSATION and is included in Schedule J, Part II, Column B(iii). WILLIAM SMITH, DIRECTOR OF ATHLETICS, RECEIVES A FIXED AMOUNT OF ADDITIONAL COMPENSATION PLUS TAXES MONTHLY. THIS IS TREATED AS TAXABLE COMPENSATION and is included in Schedule J, Part II, Column B(iii). SEVERANCE PAYMENTS PART I, LINE 4A ON MARCH 1, 2018, THE UNIVERSITY ENTERED INTO A SEPARATION AGREEMENT WITH TIMOTHY O'SHEA, MEN'S HEAD BASKETBALL COACH. FOR THE PERIOD OF MARCH 1, 2018 THROUGH MAY 31, 2019, T. O'SHEA'S SEVERANCE IS EQUAL TO 100% BASE SALARY CONTINUATION AND CONTRACTUAL OVERLOAD PAYMENTS. FOR THE PERIOD OF JUNE 1, 2019 THROUGH JUNE 30, 2020, T. O'SHEA'S SEVERANCE IS EQUAL TO 50% BASE SALARY CONTINUATION AND CONTRACTUAL OVERLOAD PAYMENTS. FOR 2018, T. O'SHEA RECEIVED $248,271 IN SEVERANCE. NONQUALIFIED SUPPLEMENTAL RETIREMENT PLAN PART I, LINE 4B THE FOLLOWING INDIVIDUALS PARTICIPATE IN A NONQUALIFIED SUPPLEMENTAL RETIREMENT PLAN FOR WHICH CONTRIBUTIONS WERE MADE IN 2018 RELATED TO EARNINGS FOR CALENDAR YEAR 2018: BARRY MORRISON (VP OF BUSINESS AFFAIRS), CHARLES LOCURTO (VP OF INFORMATION SERVICES/CIO), AND ROGER ANDERSON (EXECUTIVE ASSISTANT TO THE PRESIDENT). NO DISTRIBUTIONS WERE MADE IN 2018. AT-RISK COMPENSATION PART I, LINE 7 AT RISK COMPENSATION (ARS) AWARD IS BASED ON THE ACHIEVEMENT OF AN OBJECTIVE AND QUANTITATIVE SET OF MEASURABLE GOALS WHICH ARE MUTUALLY ESTABLISHED BETWEEN THE PRESIDENT AND ELIGIBLE PARTICIPANTS AT THE BEGINNING OF EACH FISCAL YEAR. THE PRESIDENT MAKES HIS ASSESSMENT OF EACH PARTICIPANT'S ACHIEVEMENT OF SPECIFIC GOALS, AND PRESENTS HIS "AT RISK AWARD" RECOMMENDATION TO THE EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES FOR FINAL REVIEW AND APPROVAL. OTHER COMPENSATION DETAILS PART II, COLUMN B (III) INCLUDES PAYMENTS FOR GROUP TERM LIFE PREMIUMS AND PERSONAL USE OF AUTO. IN 2003, AFTER RONALD K. MACHTLEY ("MACHTLEY") SERVED AS BRYANT'S PRESIDENT FOR SEVEN YEARS, BRYANT'S BOARD DESIRED TO RETAIN MACHTLEY'S PROVEN LEADERSHIP FOR A LONGER PERIOD OF TIME. FOLLOWING A MARKET ANALYSIS, THE BOARD'S COMPENSATION COMMITTEE ESTABLISHED A LONG-TERM DEFERRED COMPENSATION PLAN FOR MACHTLEY THAT LASTED APPROXIMATELY FIFTEEN ADDITIONAL YEARS. CONSISTENT WITH BRYANT'S LONG-TERM RETENTION STRATEGY, THE PLAN PROVIDED THAT MACHTLEY WOULD FORFEIT ALL PLAN PAYMENTS IF, BEFORE 2018, MACHTLEY VOLUNTARILY DECIDED TO LEAVE BRYANT OR WAS TERMINATED FOR CAUSE. IN DECEMBER 2017, MACHTLEY AND THE BOARD'S COMPENSATION COMMITTEE AGREED TO WAIVE THE PLAN'S FORFEITURE PROVISIONS WITH RESPECT TO APPROXIMATELY 96% OF PLAN BENEFITS. THIS ACTION CAUSED MACHTLEY TO RECOGNIZE SUCH AMOUNT AS TAXABLE INCOME FOR 2017. THE FORFEITURE PROVISIONS APPLICABLE TO THE REMAINING 4% OF TOTAL PLAN BENEFITS WERE NOT WAIVED IN CALENDAR 2017 AND WAS RECOGNIZED AS TAXABLE INCOME TOTALLING $223,198 IN 2018. FROM THIS AMOUNT, BRYANT WITHHELD FEDERAL AND STATE INCOME TAXES TOTALING $67,718. PART II, COLUMN C INCLUDES EMPLOYER CONTRIBUTIONS TO SECTION 403(B) PLANS AND OTHER DEFERRED COMPENSATION PLANS. PART II, COLUMN D INCLUDES NON-TAXABLE BENEFITS INCLUDING UNDERGRADUATE TUITION REMISSION, EMPLOYER HEALTH BENEFITS, LIFE INSURANCE AND DISABILITY BENEFIT PREMIUM PAYMENTS, MOVING EXPENSES, AS WELL AS THE VALUE OF ON-CAMPUS HOUSING PROVIDED TO CERTAIN KEY EMPLOYEES UNDER THE REQUIREMENTS OF THEIR EMPLOYMENT CONTRACTS. A RI Health and Educational Bldng Corp SERIES 2008 521300173 762197CE9 2008-04-24 50420000 Refunding 12/8/05 Bonds & 6/21/07 false false false B RI Health and Educational Bldng Corp SERIES 2011 521300173 762197HQ7 2011-11-29 24160304 Refunding 1/24/01 Bonds false false false C RI Health and Educational Bldng Corp SERIES 2014 521300173 762197RA1 2014-06-04 49462785 CONSTRUCT/EQUIP VARIOUS FACILITIES false false false A 4265000 0 50420000 0 0 0 395680 24320 0 0 50000000 0 2008 true false true true B 6040000 0 24160304 0 0 0 262729 0 0 0 23897575 0 2002 true false true true C 4090000 0 49686153 0 0 0 432419 0 0 49253734 0 0 2016 false false true true A false true false false 0.00500 0.00300 0.00800 false false false true B 0 C false true false false 0 false false false true A false false false true true true WELL FARGOBARLAYS 26.5 false false false 0 false true B false false false true false false 0 false 0 false true C false false false true false false 0 false 0 false true A true B true C true PART II, COLUMN C, LINE 3 THE DIFFERENCE OF $223,368 BETWEEN PART I LINE C COLUMN (E) AND PART II LINE 3 COLUMN (C) IS THE INVESTMENT EARNINGS. PART IV, COLUMN A, LINE 2C Arbitrage calculation prepared on April 24, 2018. PART IV, COLUMN B, LINE 2C Arbitrage calculation prepared on NOVEMBER 29, 2016. PART IV, COLUMN C, LINE 2C Arbitrage calculation prepared on June 4, 2019. NA N/A 10769 TUITION TUITION REMISSION/EXCHANG NA N/A 18000 TUITION TUITION REMISSION/EXCHANG KATI MACHTLEY SPOUSE OF RONALD MACHTLEY 87084 SALARY & BENEFITS PAID BY UNIV false MARIE SADDLEMIRE SPOUSE OF JOHN SADDLEMIRE 57392 SALARY & BENEFITS PAID BY UNIV false X 2 13500 FMV X 4 16294 AVERAGE OF HIGH/LOW X GOLF TOURNAMENTS 59 22809 FMV X MISCELLANEOUS 15 134572 FMV 1 false true false NUMBER OF CONTRIBUTIONS PART I, COLUMN B THE AMOUNT REPORTED IN THIS COLUMN DENOTES THE NUMBER OF CONTRIBUTIONS RECORDED DURING THE FISCAL YEAR. PROGRAM SERVICES Part III, Line 1 STRATEGIC VISION 2020 BRYANT TODAY IS THE CULMINATION OF 150 YEARS OF CONTINUOUS GROWTH AND INNOVATION. THROUGHOUT THE UNIVERSITY'S HISTORY, OUR RIGOROUS AND INNOVATIVE ACADEMIC PROGRAMS HAVE INTEGRATED THEORY AND PRACTICE IN RELEVANT AND MEANINGFUL WAYS THAT EMPOWER OUR STUDENTS AND ARE HIGHLY VALUED IN THE MARKET PLACE. BUILDING ON THE GROWTH AND MOMENTUM OF THE PAST 15 YEARS, VISION 2020 WILL GUIDE US ON A PATH TO AN EVEN STRONGER, ENDURING FUTURE. STRATEGIC PILLARS - INTEGRATION OF ACADEMIC AND STUDENT LIFE - GLOBAL PERSPECTIVE - INNOVATION AND CREATIVITY - CHARACTER AND LEADERSHIP BRYANT COLLEGE WAS FOUNDED IN 1863 IN RESPONSE TO AN EARLY DEMAND FOR SPECIALIZED TRAINING IN COMMERCE AND FINANCE. BRYANT COLLEGE CHANGED ITS NAME TO BRYANT UNIVERSITY IN AUGUST 2005. THE UNIVERSITY IS SITUATED ON APPROXIMATELY 430 ACRES IN SMITHFIELD, RHODE ISLAND. BRYANT UNIVERSITY OFFERS BACHELOR OF SCIENCE IN BUSINESS ADMINISTRATION, BACHELOR OF ARTS, AND GRADUATE DEGREES. BRYANT UNIVERSITY IS ONE OF ONLY 10% OF COLLEGES AND UNIVERSITIES IN THE WORLD TO HAVE ACHIEVED THE PRESTIGIOUS ACCREDITATION FROM AACSB INTERNATIONAL - THE ASSOCIATION TO ADVANCE COLLEGIATE SCHOOLS OF BUSINESS, AND IS THUS ONE OF ONLY THREE RHODE ISLAND UNIVERSITIES AND ONE OF ONLY THREE BUSINESS-SPECIALTY SCHOOLS IN NEW ENGLAND TO HAVE ACHIEVED THIS NATIONAL ACCREDITATION. BRYANT IS ALSO ACCREDITED BY THE NEW ENGLAND ASSOCIATION OF SCHOOLS AND COLLEGES (NEASC). PART III, LINES 4A-4b LINE 4A *UNDERGRADUATE, GRADUATE AND CERTIFICATE PROGRAMS - INCLUDING ACADEMIC SUPPORT AND STUDENT SERVICES* Bryant University offers undergraduate and graduate degrees, graduate certificates, and executive education programs. The FTE for the undergraduate program in Smithfield, RI was 3,471 and the graduate program was 247. Within the undergraduate program, there are two schools, The College of Arts and Sciences and the College of Business. The College of Arts and Sciences offers a wide range of studies in the humanities, social sciences, mathematics, and the natural sciences. The College of Business's impressive array of business specialties offers students the depth and breadth of a large, premier business school combined with the individual attention that is a Bryant hallmark. The Graduate School of Business is part of the College of Business at Bryant, which is one of only 5% of all business programs in the world accredited by AACSB International - The Association to Advance Collegiate Schools of Business. The Graduate School of Health Sciences offers a Physician Assistant Studies Program offering exceptional medical education and hands-on training. In addition Bryant also offers additional educational opportunities through The Executive Development Center. The Executive Development Center offers professional certificate programs that provide high-level management skills in critical business areas for executives, high-potential, career aspiring individuals, and growth-focused corporations. LINE 4B *AUXILIARY SERVICES - DINING AND HOUSING* Approximately 76% of our Smithfield students reside on campus in our residence halls and townhouses. Living options at Bryant University are designed to foster a gradual increase of independent lifestyle and individual responsibility. First-year students have the opportunity to establish relationships with large numbers of classmates in a more traditional setting. Sophomores and Juniors experiment with small-group living while eating in common areas with all resident students. Most seniors live independently in townhouse units with full responsibility for their cooking, cleaning, etc. All living areas include telephone, cable, and computer access. All students who live on campus, except for those in the townhouses, are required to participate in a meal plan. Bryant offers a number of plans to provide students flexible options for on-campus dining at the several locations available on campus. FAMILY OR BUSINESS RELATIONSHIPS PART VI, SECTION A, QUESTION 2 THE FOLLOWING MEMBERS OF THE UNIVERSITY'S BOARD OF TRUSTEES ALSO SERVE AS DIRECTORS OF BRYANT CHINA (HK) LIMITED: RONALD MACHTLEY, HONG YANG AND DAVID WEINSTEIN. FORM 990 REVIEW PROCESS PART VI, SECTION B, QUESTION 11B PRIOR TO FILING THE UNIVERSITY'S 990 WITH THE IRS, IT IS REVIEWED BY THE UNIVERSITY'S AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. THE AUDIT COMMITTEE IS THE GOVERNING BODY OF THE UNIVERSITY THAT HAS OVERSIGHT OF ALL FINANCIAL AND COMPLIANCE ISSUES OF THE UNIVERSITY AND REPORTS THE PROCEEDINGS OF ALL OF ITS MEETINGS TO THE FULL BOARD OF TRUSTEES. A COMPLETE COPY OF THE FORM 990 IS DISTRIBUTED TO EACH VOITNG BOARD MEMBER PRIOR TO FILING. CONFLICT OF INTEREST POLICY PART VI, SECTION B, QUESTION 12C THE UNIVERSITY CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY BY FIRST ENSURING THE CONFLICT OF INTEREST FORMS ARE CONTINUALLY UPDATED BY THE TRUSTEES AND EMPLOYEES. THE FORMS ARE REVIEWED ANNUALLY TO IDENTIFY ANY DISCLOSURES OF CONFLICTS OF INTEREST, AND AS A RESULT, NO BOARD MEMBER CAN VOTE ON ANY ITEM THEY HAVE A CONFLICT OF INTEREST WITH. THE VICE PRESIDENT OF BUSINESS AFFAIRS REVIEWS THE CONFLICT OF INTEREST FORMS, AND ANY POTENTIAL CONFLICT WOULD BE DISCUSSED WITH THE AUDIT COMMITTEE CHAIR. IN ADDITION, ANY BUSINESS CONDUCTED BY THE UNIVERSITY WITH ANY ORGANIZATION RELATED TO A BRYANT UNIVERSITY TRUSTEE OR EMPLOYEE MUST BE A HANDS-OFF TRANSACTION WITH NO INVOLVEMENT OF THE TRUSTEE OR EMPLOYEE. THIS MONITORING AND ENFORCING IS DONE PRIMARILY THROUGH THE PRESIDENT'S OFFICE. COMPENSATION POLICY PART VI, SECTION B, QUESTION 15A & 15B THE BOARD OF TRUSTEES, THROUGH ITS EXECUTIVE COMPENSATION COMMITTEE (THE "COMMITTEE"), UTILIZES AN EXECUTIVE COMPENSATION PHILOSOPHY, AMENDED AND RATIFIED BY THE BOARD OF TRUSTEES IN OCTOBER 2007, TO ESTABLISH COMPENSATION FOR ALL UNIVERSITY OFFICERS AND KEY EXECUTIVES. THE UNIVERSITY PREPARES AN ANNUAL REPORT, THE "EXECUTIVE COMPENSATION REPORT, DISCUSSION REPORT FOR THE EXECUTIVE COMPENSATION COMMITTEE". THE REPORT SUMMARIZES ANNUAL PERFORMANCE AGAINST INSTITUTIONAL BENCHMARKS, ANNUAL STRATEGIC GOALS AND DIVISIONAL OPERATIONAL OBJECTIVES, AND PROVIDES MARKET COMPARABILITY DATA FOR THE DESIGNATED POSITIONS. THE PRESIDENT ALSO PROVIDES A COVER MEMO TO THE COMMITTEE THAT ANALYZES AND RECOMMENDS TARGET ACHIEVEMENTS SET BY THE PERFORMANCE BONUS PLAN, BASE SALARY AND MAXIMUM PERFORMANCE BONUS FOR EACH EXECUTIVE. BASED ON THIS INFORMATION, THE COMMITTEE MAKES A DETERMINATION RELATIVE TO COMPENSATION FOR THE PRESIDENT AND REVIEWS AND AUTHORIZES THE PRESIDENT'S COMPENSATION RECOMMENDATIONS FOR THE EXECUTIVE TEAM. IN ADDITION, IN 2015 THE UNIVERSITY ENGAGED AN OUTSIDE CONSULTING COMPANY TO PERFORM A HIGH LEVEL AUDIT AND PROVIDE RECOMMENDATIONS ON CHANGES TO SPECIFIC ELEMENTS IN THE EXECUTIVE COMPENSATION PROGRAM. THE CONSULTING COMPANY BELIEVES THE ELEMENTS WERE WELL DOCUMENTED AND COMPREHENSIVE. THE UNIVERSITY 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 DETERMINATION. PUBLIC DISCLOSURE PART VI, SECTION C, QUESTION 19 THE UNIVERSITY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE ON FILE IN THE PRESIDENT'S OFFICE AND THE FINANCIAL STATEMENTS ARE AVAILABLE THROUGH THE CONTROLLER'S OFFICE. CHANGE IN PRESENTATION OF NET ASSETS FORM 990, PART X, LINES 27, 28, AND 29 THE COLLEGE HAS ADOPTED FASB ASU 2016-14, PRESENTATION OF THE FINANCIAL STATEMENTS OF NOT-FOR-PROFIT ENTITIES. AS A RESULT, THE JUNE 30, 2019 AUDITED FINANCIAL STATEMENTS CLASSIFY NET ASSETS AS EITHER NET ASSETS WITHOUT DONOR RESTRICTIONS, OR NET ASSETS WITH DONOR RESTRICTIONS. FOR PURPOSES OF FORM 990, PART X, LINES 27, 28, AND 29, THE COLLEGE HAS REPORTED NET ASSETS WITHOUT DONOR RESTRICTIONS AS UNRESTRICTED NET ASSETS AND NET ASSETS WITH DONOR RESTRICTIONS AS PERMANENTLY RESTRICTED NET ASSETS AND TEMPORARILY RESTRICTED NET ASSETS, RESPECTIVELY. OTHER CHANGES IN NET ASSETS PART XI, LINE 9 CHANGE IN FAIR VALUE OF INTEREST RATE SWAP $ (2,508,003) ACCRUAL OF OTHER NONOPERATING LIABILITY $ (321) CHANGE IN SPLIT INTEREST AGREEMENT $ (85,042) ACCRUAL OF LIABILITY FOR ASSET REMEDIATION $ (103,115) ------------- TOTAL $ (2,696,481) BRU LLC 1150 DOUGLAS PIKE SMITHFIELD RI 02917 231386793 REAL ESTATE RI 624773 BRYANT UNIV CHARITABLE REMAINDER UNITRUST(1) CHARITABLE TR RI BRYANT U TRUST true BRYANT CHINA (HK) LIMITED 11/F ONE PACIFIC PL 88 QUEENSWAY HONG KONG HK PROV OF PROG SERV HK BRYANT U CORPORATION 2622359 464784 1.00000 true Zhuhai Bryant Educational Consulting Co 6 Baohua Road Room 105-11319 Zhuhai CH 519000 PROV OF PROG SERV CH BRYANT CHINA HK CORPORATION 1 0 1.00000 true false false false false false false false false false false false false false false false true true false false BRYANT CHINA (HK) LIMITED P 2614000 FMV BRYANT CHINA (HK) LIMITED Q 2401573 FMV