2020-04-07T15:49:29-07:00 2019-06-30 990 2018-07-01 050277222 ROGER WILLIAMS UNIVERSITY ROGE 4012531040 One Old Ferry Road Bristol RI 02809 Jerome F Williams EVP for Finance & Administration 4012543536 2020-04-09 24.91.220.33 2018 2020-09-22 18:59:49Z Ioannis Miaoulis One Old Ferry Road Bristol RI 02809 218242727 0 X www.rwu.edu X 1959 RI Roger Williams University is an independent university that combines the unique strengths of small liberal arts colleges and those of larger comprehensive universities and where liberal and professional education are enhanced by their integration and the recognition of their unity. 28 23 3637 262 301181 0 10793731 9767247 192783312 194723493 3471552 2809135 2571103 3371698 209619698 210671573 52783940 55147386 0 0 96070279 96208677 116974 212229 2876539 59256976 58979818 208228169 210548110 1391529 123463 283801006 281907664 147470480 146355497 136330526 135552167 X See Schedule O. 0 0 195070034 55147386 197546309 Higher Education: Roger Williams University (the "University"), located in Bristol and Providence, Rhode Island, is a private, coeducational university with programs in the liberal arts and the professions that includes the Feinstein College of Arts and Sciences, the School of Architecture, Art and Historic Preservation, the Mario J. Gabelli School of Business, the School of Education, the School of Engineering, Computing and Construction Management, the School of Justice Studies and the School of Continuing Studies. The University offers more than 45 majors of undergraduate study and 13 graduate degrees, along with numerous minors and certificate programs. The University is accredited by the New England Commission of Higher Education, Inc, among other accrediting bodies. The University provides academic, residential and other services to a diverse student population predominately drawn from the Northeast region of the United States, as well as from more than 45 U.S. states and territories and 60 foreign countries. Enrollment for fiscal year 2019 was approximately 3,962 full-time and 575 part-time undergraduates plus 182 full-time and 141 part-time graduate students. 0 0 0 195070034 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 0 1 1 0 1 0 1 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 1 0 0 0 1 346 0 1 3637 1 1 1 1 UK 0 0 0 1 1 0 0 0 0 0 0 X 28 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X Jerome F Williams 4012543536 One Old Ferry Road Bristol RI 02809 Jerauld C Adams Trustee 1.0 0.00 X 0 0 0 Timothy E Baxter Trustee 1.0 0 X 0 0 0 Richard L Bready Trustee 1.0 0 X 0 0 0 Joseph M Brito Jr Trustee 1.0 0 X 0 0 0 Rodney A Butler Trustee 1 0 X 0 0 0 Umberto Crenca Trustee 5.00 1.00 X 3282 0 0 Doris De Los Santos Trustee 1 0 X 0 0 0 Larry Eichler Trustee 1 0 X 0 0 0 Richard Field Trustee 1 0 X 0 0 0 Mario J Gabelli Trustee 1 0 X 0 0 0 Jeff Grybowski Trustee 1 0 X 0 0 0 Peter A Heard Trustee 1 0 X 0 0 0 Denise M Jenkins Trustee 1 0 X 0 0 0 Marcia Morris Trustee 1 0 X 0 0 0 Patricia Noonan Trustee 1 0 X 0 0 0 Scott Pray Trustee 1 0 X 0 0 0 Frank Rainieri Jr Trustee 1 0 X 0 0 0 Todd Rechler Trustee 1 0 X 0 0 0 Pablo Rodriguez Trustee 1 0 X 0 0 0 William Smith Trustee 1 15 X 0 28050 0 Robert Stoico Trustee 1 0 X 0 0 0 Arlene Violet Trustee 1 0 X 0 0 0 Karl Wadensten Trustee 1 0 X 0 0 0 Joseph D Whelan Trustee 1 5.00 X 0 3000 0 Timothy Yeaton Trustee 1 0 X 0 0 0 Linn F Freedman Secretary 1 5 X X 0 4500 0 Jerrold L Lavine Treasurer 1.0 0 X X 0 0 0 Andrew Workman Interim President 35.00 5.0 X X 308979 0 57767 Donald J Farish Trustee and President (until 7/5/2018) 35.00 5.00 X X 608042 0 53192 Jerome F Williams Executive VP for Finance & Administration 35.0 5.0 X 287728 0 41575 John King Vice President for Student Affairs 40.00 0 X 199432 0 37520 Susan McTiernan Dean of Gabelli School of Business 40 0 X 236400 0 37680 Brian Williams Vice President for Enrollment Management 40 0 X 230605 0 39410 Robert Cole Vice Provost 40 0 X 216972 0 30375 Lisa Raiola Vice President for Institutional Advancement 40 0 X 208045 0 24871 Robert Potter Dean of School of Engineering Comp. & Const. 40 0 X 199164 0 36755 2498649 35550 359145 193 0 1 0 Shawmut 3 Davol Square Suite A275 Providence RI 02903 Construction/Contractor 9724654 Bon Appetit 100 Hamilton Ave Palo CA 94301 Food management/Food Services 6148366 EBSCO Information Services 30 Park Raod Tinton Falls NJ 07724 Library Services 647460 Daponte Landscaping Services Inc 700 Wood Street Bristol RI 02809 Landscaping/Contractor 592809 Whalley Computer Associates Inc One Whalley Way Southwick MA 01077 Tech Supplier 571727 79 0 0 38465 0 6104993 3623789 575681 9767247 Tuition 611310 132881692 132881692 0 0 Room and Board 611310 47452123 47452123 0 0 Fees 611310 11249951 11249951 0 0 Student Club Fees 611310 1300200 1300200 0 0 Other Auxiliary Income 611310 974949 974949 0 0 864578 864578 0 0 194723493 580736 93019 77960 409757 15883 0 0 15883 0 0 0 0 180472 0 145738 0 34734 0 34734 0 0 34734 9559602 50725 7103864 293947 2455738 -243222 2212516 0 0 2212516 18987 38465 27605 -8618 0 -8618 0 0 0 0 0 0 0 0 0 0 0 0 Conferences 900099 1814008 1717789 0 96219 Justice Training Institute 900099 547559 547559 0 0 Bookstore Commission 900099 296345 0 0 296345 687670 464449 223221 0 3345582 210671573 197546309 301181 3056836 0 0 53469349 53469349 1678037 1678037 0 0 1327429 202714 873619 251096 0 0 0 0 71370803 64733311 5162632 1474860 4395230 3835470 457199 102561 13793866 12321054 1145327 327485 5321349 4679587 537935 103827 392685 212311 180374 0 101183 0 101183 0 160215 0 160215 0 0 0 0 0 212229 212229 408161 0 408161 0 8666318 7892356 734614 39348 1057313 1057213 75 25 2372455 2058193 229239 85023 3012103 1895837 1095867 20399 8546 6546 0 2000 9863946 9497822 366124 0 1194786 1128986 39946 25854 0 0 0 0 844382 770174 73788 420 3951754 3945716 6038 0 0 0 0 0 12570414 12570414 0 0 1930414 1482440 447974 0 Study Abroad 3253881 3253881 0 0 Food Services 2245066 2110907 79318 54841 Student Expense 1836371 1821724 14409 238 Library Materials 1130164 1130164 0 0 3979661 3315828 487500 176333 210548110 195070034 12601537 2876539 635358 2998158 282238 0 1520848 2094077 6856214 6173838 0 0 0 0 1817048 1480357 131591 128744 551533 1790295 393485226 187296202 205245045 206189024 24131970 21748719 39452066 37720530 3177095 1583922 283801006 281907664 9062005 11885507 0 0 20925417 20740442 102495873 100693877 0 0 0 0 4208336 3623722 0 0 10778849 9411949 147470480 146355497 X 120282212 119902093 8022822 7503179 8025492 8146895 136330526 135552167 283801006 281907664 X 123463 -10466 0 0 0 -891356 X 0 1 X 1 1 1 X 5137729 5469722 6490653 10793731 9767247 37659082 0 0 0 0 0 0 0 0 0 0 0 0 5137729 5469722 6490653 10793731 9767247 37659082 195344 37463738 208123 726582 855674 702521 777091 3269991 0 0 0 0 0 0 1604090 181128 364206 374860 411551 2935835 43864908 958407917 0.85407 0.8273 X Schedule A, Part I, Line 7 The basis of Roger Williams University's Public Charity Status has been and continues to be its qualification as a school described in Section 170(B)(1)(A)(II). The University has checked Box 7 on Schedule A, Part I and completed Schedule A, Part II in order to demonstrate its qualification to follow the special rule for abbreviated reporting of contributions on Form 990, Schedule B. Schedule A, Part II, Line 10 Other income includes gross income from fundraising activities, conference income and bookstore commissions. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 69203230 136701 2799826 251772 4394408 356053 67137524 67584900 194303 5848054 257363 3772846 393818 69203230 63030327 151969 7929140 222457 2959527 344552 67584900 68690353 144139 -2116983 219993 3036656 430533 63030327 71652716 396495 159843 205689 2804978 508034 68690353 0.8168 0.1211 0.0621 0 0 0 6780121 6780121 0 304945179 120612169 184333010 0 199889 130846 69043 0 54474112 41574951 12899161 0 27085925 24978236 2107689 206189024 0 0 Hedged Equity - Developed and Emerging 6139920 F Domestic and International Equities 22533226 F Fixed Income Securities 2510356 F Private Equity 6537028 F 37720530 Asset Retirement Obligation 4802376 Refundable Advances - US Government Grants 1937616 Deferred Lease Allowance - One Empire 943091 Interest Rate Swap Obligation 1063882 Charitable Annuity Obligations 137371 Other miscellaneous Long Term Liabilites 527613 9411949 X 154597443 -10466 0 0 -56072068 -56082534 210679977 408161 -416565 -8404 210671573 155375802 0 0 0 416565 416565 154959237 408161 55180712 55588873 210548110 Schedule D, Part V, Line 4 The intended use of the restricted endowment funds are dictated by the donor which are predominantly for instructional purposes and scholarships. Earnings from unrestricted endowment funds are used for operations according to the spending policy established by the University's Board of Trustees. Schedule D, Part X, Line 2 The University accounts for the effect of any uncertain tax positions based on a "more likely than not" threshold to the recognition of the tax positions being sustained based on the technical merits of the position under scrutiny by the applicable taxing authority. If a tax position or positions are deemed to result in uncertainties of those positions, the unrecognized tax benefit is estimated based on a "cumulative probability assessment" that aggregates the estimated tax liability for all uncertain tax positions. The University has identified its tax status as a tax exempt entity as its only significant tax position; however, the University has determined that such tax position does not result in an uncertainty requiring recognition. The University is not currently under examination by any taxing jurisdictions. The University's federal tax return is generally open for examination for three years following the date filed. Schedule D, Part XI, Line 2d Scholarships and grants provided to students of ($55,147,386) are presented as a contra-revenue item in the audited financial statements and as an expense in the Form 990. Change in fair value of interest rate swaps of ($878,711) and change in value of split-interest agreements of ($12,645) are presented as contra-revenue items in the audited financial statements and as other adjustments to reconcile the change in net assets in the Form 990. Interdepartmental Hotel Loss of ($33,326) are presented as a contra-revenue item in the audited financial statements and as an expense in the Form 990. Schedule D, Part XI, Line 4b Fundraising event expenses of ($27,605), rental expenses of ($145,738) and loss on disposal of property and equipment of ($243,222) are shown as expense items in the audited financial statements and as contra-revenue items on the Form 990. Schedule D, Part XII, Line 2d Fundraising event expenses of $27,605, rental expenses of $145,738 and loss on disposal of property and equipment of $243,222 are shown as expense items in the audited financial statements and as contra-revenue items on the Form 990. Schedule D, Part XII, Line 4b Scholarships and grants provided to students of $55,147,386 are presented as a contra-revenue item in the audited financial statements and as an expense in the Form 990. Interdepartmental Hotel Loss of $33,326 are presented as a contra-revenue item in the audited financial statements and as an expense in the Form 990. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 The University 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 University's non-discrimination policy is available on its website at http://rwu.edu/site-policies/non-discrimination-policy Schedule E, Part I, Line 6 The University receives federal and state student financial aid authorized by student loan programs. 1 Europe (including Iceland and Greenland) 0 0 Grantmaking 1382218 East Asia and the Pacific 0 0 Grantmaking 232794 North America (including Canada and Mexico, but not the United States) 0 0 Grantmaking 63025 Central America and the Caribbean 0 0 Program Services Bus Travel/Study Abroad 15741 East Asia and the Pacific 0 0 Program Services Bus Travel/Study Abroad 27774 Europe (including Iceland and Greenland) 0 0 Program Services Bus Travel/Study Abroad 108192 Middle East and North Africa 0 0 Program Services Bus Travel/Study Abroad 2320 North America (including Canada and Mexico, but not the United States) 0 0 Program Services Bus Travel/Study Abroad 7249 South America 0 0 Program Services Bus Travel/Study Abroad 13243 South Asia 0 0 Program Services Bus Travel/Study Abroad 16392 Central America and the Caribbean 0 0 Investments 1032694 0 0 2901642 Scholarships to students East Asia and the Pacific 29 0 232794 Tuition Offset FMV Scholarships to students Europe (including Iceland and Greenland) 181 0 1382218 Tuition Offset FMV Scholarships to students North America (including Canada and Mexico, but not the United States) 7 0 63025 Tuition Offset FMV 1 0 1 1 1 0 Schedule F, Part I, Line 2 The University monitors all grants outside the United States by directly applying the grant to the student's account to cover a portion of the student's tuition in accordance with standard financial aid policies and procedures. Schedule F, Part I, Line 3 Study abroad is an opportunity for students to continue the Roger Williams University education while living in another country. Study abroad is not merely a travel experience, but an academic experience (first and foremost) in an international setting. The study abroad programs are separately tracked in the University's general ledger system by activity and the amounts reported represent direct spending in foreign countries for tuition payments, lodging, travel and incidentals for students and faculty liaisons. The admissions recruiting and fundraising amounts are tracked primarily using the University's credit card system and represent travel, meals, and lodging costs for University employees conducting business in these regions. All expenses are under the accrual method of accounting. X X X 1 EAB Global 2445 M Street NW Washington DC 20037 Execute all aspects of Roger Williams University annual fund planning, solicitation and analysis. Solicitation included direct mail and email campaigns. 0 594572 212229 382343 594572 212229 382343 AK AL AR CA CO CT DC FL GA HI IL KS KY MA ME MI MN MO MS NC ND NH NJ NM NV NY OH OK OR PA RI SC TN TX UT VA WA WI WV CMPAB Aluni & Senior Dinner 26060 20085 5975 0 0 0 7545 274 2212 Lacrosse Fundraising Events 10675 9380 1295 0 0 1364 0 0 0 2 16834 6707 10127 0 0 500 5584 7999 796 53569 36172 17397 0 0 1864 13129 8273 3008 26274 -8877 1 Scholarships to students 3707 0 53469349 Other Reduction to student account balance for tuition owed to the University Schedule I, Part I, Line 2 The University's Office of Financial Aid monitors all recipients of scholarship awards to determine both initial and confirming eligibility based on the criteria for each type of award, which may include academic performance, financial need, and criteria established by donors of endowed scholarship funds, etc. X X X 1 1 X X X X X X 0 1 0 0 0 0 0 1 0 Andrew Workman Interim President 308979 0 0 0 0 0 21737 0 36030 0 366746 0 0 0 Jerome F Williams Executive Vice President for Finance and Administration 287728 0 0 0 0 0 20406 0 21169 0 329303 0 0 0 John King Vice President for Student Affairs 199432 0 0 0 0 0 16401 0 21119 0 236952 0 0 0 Donald J Farish Former President 303008 0 75000 0 230034 0 20236 0 32956 0 661234 0 200000 0 Susan McTiernan Dean of Gabelli School of Business 236400 0 0 0 0 0 19237 0 18443 0 274080 0 0 0 Brian Williams Vice President for Enrollment Management 230605 0 0 0 0 0 18922 0 20488 0 270015 0 0 0 Robert Cole Vice Provost 216972 0 0 0 0 0 13151 0 17224 0 247347 0 0 0 Lisa Raiola Vice President for Institutional Advancement 208045 0 0 0 0 0 16717 0 8154 0 232916 0 0 0 Robert Potter Dean of School of Engineering Computing and Construction 199164 0 0 0 0 0 16312 0 20443 0 235919 0 0 0 Schedule J, Part I, Line 1a Housing Allowance - A residence on the employer's premises is used for both University business functions and as a personal residence by the President for the convenience of the employer and is treated as nontaxable compensation. The value of the personal space within the residence is included as a nontaxable benefit on Schedule J. Health or social club dues - The University paid social club membership dues for the President. Since the use of the memberships were for business purposes it was not treated as taxable compensation. Personal Services - The University regularly cleans the President's residence and the value of the maintenance of the personal space is taxed accordingly. Schedule J, Part I, Line 4 The former President of Roger Williams University participated in a University 457(f) plan and $25,000 was accrued under the plan in calendar year 2018. $225,000 was distributed to the former president of Roger Williams University in calendar year 2018 in accordance with the terms of the University 457(f) plan. Schedule J, Part I, Line 7 For University non-aligned employees, merit based compensation may be granted as either a base salary increase or a one-time bonus. Qualifications for receiving a bonus include performance exceeding expectations or taking on additional duties due to staff vacancies or temporary absences. For the compensation of the University's President, the bonus amount (if any) is determined by an employment agreement along with a review and approval of the Executive Committee of the Board of Trustees, who are all independent of the President. In the case of all other officers and other key employees, the bonus amount (if any) is determined via the same process as other compensation for officers and other key employees, including review by the University's President, who is independent of the other officers or key employees. A RIHEBC 2008A 521300173 762197CK5 2008-07-03 22935000 Retire 2006A Bonds 0 0 0 B RIHEBC 2008B 521300173 762197CM1 2008-08-28 38000000 Construction 0 0 0 C RIHEBC 2011A 521300173 2011-06-02 26410000 Refund 1998 Bonds 0 0 0 D RIHEBC 2011B 521300173 2011-11-08 12025000 Refund 2000 Bonds 0 0 0 A 0 0 22935000 0 0 22532642 276243 0 0 126115 0 0 2009 1 0 1 1 B 0 0 38000000 0 0 0 488608 0 0 37511392 0 0 2010 0 0 1 1 C 0 0 26410000 0 0 25879219 237781 0 0 0 293000 0 2012 1 0 1 1 D 0 0 12025000 0 0 11788293 236707 0 0 0 0 0 2012 1 0 1 1 A 0 0 0 0 0 0 0 0 0 1 B 0 0 0 0 0 0 0 0 0 1 C 0 0 0 0 0 0 0 0 0 1 D 0 0 0 0 0 0 0 0 0 1 A 0 0 0 1 1 1 BANK OF AMERICA 18.0 0 0 0 0 1 B 0 0 0 1 1 1 BANK OF AMERICA 30.0 0 0 0 0 1 C 0 0 1 0 0 0 0 0 1 D 0 0 1 0 0 0 0 0 1 A 1 B 1 C 1 D 1 Schedule K, Part IV, Line 2c-07/03/2008 22,935,000 RIHEBC 2008A Date of last rebate computation was 07/02/2018. Schedule K, Part IV, Line 2c-08/28/2008 38,000,000 RIHEBC 2008B Date of last rebate computation was 08/27/2018. A RIHEBC 2013A 521300173 2013-10-29 21675000 Refund 2003 Bonds 0 0 0 B RIHEBC 2014 521300173 2014-10-24 15667000 Refund 2006 Bond 0 0 0 C RIHEBC 2016A 521300173 2016-10-14 5654485 Construction 0 0 0 D RIHEBC 2018 521300173 2018-10-18 8750000 Construction 0 0 0 A 0 0 21675000 0 0 21393343 281657 0 0 0 0 0 2013 1 0 1 1 B 0 0 15667000 0 0 15176487 170438 0 0 0 320075 0 2014 0 1 1 1 C 0 0 5654485 0 0 0 113232 0 0 5403502 0 137751 2018 0 0 0 1 D 0 0 8750000 0 0 0 137798 0 0 6374670 0 2237532 2019 0 0 0 1 A 0 0 1 0 0 0 0.0121 0.0121 0 0 1 B 0 0 0 0 0 0 0 0 0 1 C 0 0 0 0 0 0 0 0 0 1 D 0 0 0 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 1 0 0 0 0 0 1 C 0 0 0 1 0 0 0 0 1 D 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 D 1 Schedule K, Part III, Line 3b-10/29/2013 21,675,000 RIHEBC 2013A The University's Office of General Counsel reviews any management and service contracts relating to the financed property for private use concerns. Schedule K, Part IV, Line 2c-10/29/2013 21,675,000 RIHEBC 2013A Date of last rebate computation was 08/31/2018. Schedule K, Part IV, Line 2c-10/14/2016 5,654,485 RIHEBC 2016A Date of last rebate computation was 08/31/2018. Mario Gabelli Ownership of Gamco Asset Management 114526 Management Fees 0 X 1 8400 Appraisal X 1 4113 FMV X Horse 3 560000 Appraisal X Trees - Cardi Corp. 1 3168 FMV 4 0 1 0 Schedule M, Part I The number in column (b) is the number of contributions. Form 990, Part III, Line 1 To strengthen society through engaged teaching and learning. We inspire and educate students to lead fulfilled lives by ensuring they acquire and develop the knowledge, skills and habits of mind necessary to become reflective, responsible individuals who interact with society in mutually rewarding ways. Form 990, Part VI, Section B, Line 11b IRS Form 990 is prepared by the Controller, VP for Accounting and Treasury Management and the Executive VP for Finance and Administration, along with assistance from the University Office of General Counsel. The completed Form 990 and schedules, along with relevant back up, are provided to an independent accounting firm for review. Upon completion, the form is provided to the Audit Committee of the Board of Trustees for review, discussion and approval. The completed and approved Form 990 is then sent to all members of the Board of Trustees prior to filing with the IRS. Form 990, Part VI, Section B, Line 12c Trustees, officers, key employees and managers are all required to annually (or more frequently in the event of a new potential conflict) disclose any potential conflicts of interest by completing a conflict of interest disclosure form. These disclosures are collected by the Office of General Counsel and provided for vetting to 1) the full Board of Trustees for Trustee disclosures; 2) the President for officer and senior management disclosures; or 3) senior management for down-line key employees and managers. The University's Conflict of Interest Policy and by-laws both contain provisions that provide for individuals with actual and potential conflicts to refrain from participating in discussion of, and voting on, matters where such conflicts exist. Form 990, Part VI, Section B, Line 15 The compensation for the University's President is contractually set and is reviewed by the Executive Committee and the Board of Trustees, all members of which are independent of the President. The Executive Committee's review currently includes, but is not limited to, the use of comparability data and other outside consultants. The process for determining compensation for the University's other officers or key employees includes a review by the University's President, who is independent of the other officers or key employees. The President's review currently includes, but is not limited to, the use of comparability data and other outside consultants. In addition, the compensation of officers and key employees falls within the parameters of the University's non-aligned merit compensation program that is approved by the Board of Trustees on an annual basis. Form 990, Part VI, Section C, Line 19 Governing documents are available in part through the Rhode Island Secretary of State's office. The University's by-laws and Conflict of Interest Policy governing employees and the corresponding disclosure form are available on the University's website. Audited financial statements are not publicly available. Form 990, Part XI, Line 9 Change in fair value of interest rate swaps ($878,711), change in value of split-interest agreements ($12,645). Roger Williams University School of Law 10 Metacom Road Bristol RI 02809 050465628 Law Grad School RI 501(c)(3) 2 N/A 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1