2014-05-13T18:05:29-05:00 2013-06-30 KPMG LLP 60 South Street Boston MA 02111 990 2012-07-01 050258810 Bryant University % MR BARRY F MORRISON BRYA 4012326005 1150 Douglas Pike Suite Smithfield RI 02917 BARRY F MORRISON 4012326017 2014-05-12 true 6179881000 2012 2015-11-30 17:44:51Z RONALD K MACHTLEY 1150 DOUGLAS PIKE SMITHFIELD RI 029171284 182949718 false X WWW.BRYANT.EDU X 1863 RI BRYANT UNIVERSITY'S MISSION IS TO DELIVER EXCEPTIONAL EDUCATION FOR SUCCESS IN AN AGE OF UNLIMITED GLOBAL OPPORTUNITY. THE ENTIRE BRYANT COMMUNITY WILL BE BOLD IN RE-IMAGINING THE FUTURE. 30 28 1929 500 1580236 7475858 8185608 157478886 157086663 1478424 5825042 1894830 1887787 168327998 172985100 40438474 42008299 0 0 67806932 68287938 143537 192802 2317617 56541456 55744857 164930399 166233896 3397599 6751204 355575101 375442504 127240458 122286725 228334643 253155779 X THE BRYANT EXPERIENCE PROMOTES ACADEMIC EXCELLENCE AND CULTIVATES THE LEADERSHIP SKILLS, QUALITIES OF CHARACTER, AND DIVERSE PERSPECTIVES REQUIRED TO SUCCEED IN AN AGE OF UNLIMITED GLOBAL OPPORTUNITY. SEE SCHEDULE O false false 128040815 42008299 122001167 *UNDERGRADUATE, GRADUATE AND CERTIFICATE PROGRAMS - INCLUDING ACADEMIC SUPPORT AND STUDENT SERVICES* SEE SCHEDULE O 11540255 35176639 *AUXILIARY SERVICES - DINING AND HOUSING* SEE SCHEDULE O 5163897 1466243 *PUBLIC SERVICE* BRYANT UNIVERSITY HOSTS SEVERAL INSTRUCTIONAL PROGRAMS FUNDED BY EXTERNAL PARTIES INCLUDING THE FEDERAL GOVERNMENT, FOREIGN AND STATE GOVERNMENTS AND CORPORATIONS. 144744967 true true false true false false false true false true true true false false true true false true true false true false true true true true false true true true true false false false false false false true false true true true false false false true true true false false true 503 0 true 1929 true true true false false false false true true false false false false X 30 28 true false false false false false false true true false true true true true true true true true true true true true MA RI X MR BARRY F MORRISON 4012326017 1150 DOUGLAS PIKE SMITHFIELD RI 029171284 MICHAEL E FISHER 2.0 0.0 X 0 0 0 WILLIAM J CONATY 2.0 0.0 X 0 0 0 NANCY DEVINEY 2.0 0.0 X 0 0 0 CHERYL W SNEAD 2.0 0.0 X 0 0 0 TRICIA M KORDALSKI 2.0 0.0 X 0 0 0 CRISTIAN BALESTRIERI 2.0 0.0 X 0 0 0 GEORGE E BELLO 2.0 0.0 X 0 0 0 CHRISTOPHER W BODINE 2.0 0.0 X 0 0 0 ROBERT P BROWN 2.0 0.0 X 0 0 0 ROBERT J CALABRO 2.0 0.0 X 0 0 0 RICHARD A CAPOBIANCO 2.0 0.0 X 0 0 0 TODD G CAREY 2.0 0.0 X 0 0 0 LISA G CHURCHVILE 2.0 0.0 X 0 0 0 KATIE COLTON 2.0 0.0 X 0 0 0 SAMEER KANODIA 2.0 0.0 X 0 0 0 DOUGLAS S KRUPP 2.0 0.0 X 0 0 0 JOANNA T LAU 2.0 0.0 X 0 0 0 DEBORAH MAY 2.0 0.0 X 0 0 0 CHARLES MCDONALD MD 2.0 0.0 X 0 0 0 ROBERT P MEAD 2.0 0.0 X 0 0 0 CHERYL MERCHANT 2.0 0.0 X 0 0 0 DONALD R QUATTRUCCI 2.0 0.0 X 0 0 0 DANIEL F SCHMITT 2.0 0.0 X 0 0 0 CHRISTINA R SHAW 2.0 0.0 X 0 0 0 JAMES J SKEFFINGTON 2.0 0.0 X 0 0 0 SHIVAN S SUBRAMANIAM 2.0 0.0 X 0 0 0 M ANNE SZOSTAK 2.0 0.0 X 0 0 0 GEORGE A VECCHIONE 2.0 0.0 X 0 0 0 DAVID C WEINSTEIN 2.0 0.0 X 0 0 0 RONALD K MACHTLEY 50.0 0.0 X X 654901 0 110641 BARRY F MORRISON 50.0 0.0 X 395989 0 66409 JOSE-MARIE GRIFFITHS 50.0 0.0 X 290311 0 94284 CHARLES F LOCURTO 50.0 0.0 X 264750 0 17664 LORNA J HUNTER 50.0 0.0 X 254876 0 30763 JAMES L DAMRON 50.0 0.0 X 251438 0 57074 ROGER L ANDERSON 50.0 0.0 X 222266 0 33594 J THOMAS EAKIN 50.0 0.0 X 214454 0 71155 HONG YANG 50.0 0.0 X 204800 0 37454 MICHELLE L CLOUTIER 50.0 0.0 X 95980 0 19680 MICHAEL R COOPER 50.0 0.0 X 245309 0 46077 LINDA S LULLI 50.0 0.0 X 227569 0 25366 VK UNNI 50.0 0.0 X 183344 0 39388 DAVID S LUX 50.0 0.0 X 165516 0 56754 DAVID A LOUTON 50.0 0.0 X 213951 0 43927 MICHAEL J PRESSLER 50.0 0.0 X 213519 0 69274 TIMOTHY J O'SHEA 50.0 0.0 X 209227 0 39229 DENNIS M BLINE 50.0 0.0 X 205494 0 48183 HAKAN SARAOGLU 50.0 0.0 X 195426 0 39519 4709120 0 946435 127 false true false BENEFIT STRATEGIES LLC PO BOX 1660 MANCHESTER NH 031051660 BENEFITS ADMIN 342496 CAMBRIDGE ASSOCIATES LLC PO BOX 83232 CHICAGO IL 606910232 INVSMT/CNSLTNG 189742 ELLUCIAN COMPANY LP 14083 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 TECHNOLOGY SERVICES 177297 KPMG LLP PO BOX 120511 DALLAS TX 75132 AUDIT/TAX SERVICES 173900 ANTHONY LAPRESTE 4 WHITTIER ROAD MILFORD MA 01757 EDUCATIONAL SERVICES 110468 8 148996 589131 7447481 719649 8185608 TUITION AND FEES 900099 118332935 118332935 AUXILIARY ENTERPRISES 721310 35176639 33635757 1540882 STUDENT SERVICES REVENUES 900099 2110846 2100596 10250 FEES & CONTRACTS FROM GOV'T AGENCIES 900099 1192503 1192503 PUBLIC SERVICE PROGRAMS 900099 273740 273740 157086663 1418162 -33731 1451893 0 0 0 0 0 0 0 13977486 197598 8907763 860441 5069723 -662843 4406880 62835 4344045 163196 148996 190452 -27256 -27256 16802 5962 10840 10840 0 0 SOPHOMORE INTERNATIONAL EXPERIENCE 900099 766500 766500 LAPTOP PROGRAM 900099 68828 68828 ALUMNI EVENTS 900099 133192 133192 935683 722057 213626 1904203 172985100 157092916 1580236 6126340 31015 31015 41028244 41028244 949040 949040 0 4674518 1987065 2530879 156574 113915 113915 48967395 41799994 6067760 1099641 3543966 3147322 327608 69036 7625341 6796539 595231 233571 3362803 2870587 416699 75517 0 146054 146054 208954 208954 19800 19800 192802 192802 2439593 2439593 3188657 2144034 1033490 11133 1931087 953301 826605 151181 2902936 1727146 1055820 119970 2223465 1469632 752463 1370 0 2668338 2315050 353288 4032644 3708047 271093 53504 0 226552 191808 31723 3021 3363978 3188715 175263 0 15752249 14931557 820692 718855 181551 537304 DINING SERVICES 7361372 7359061 2311 FACILITY REPAIRS 1275860 1259533 16052 275 ACTIVITIES EXPENSE 663574 427076 228453 8045 SOPHOMORE INT'L EXP. 775759 775759 5845130 5388976 314177 141977 166233896 144744967 19171312 2317617 0 0 45802323 50738954 3108301 5789114 1184128 1920609 0 0 0 0 5476797 5415256 0 0 1568904 1916633 316129100 164931614 152358802 151197486 73541899 80757915 72524753 76848192 0 746273 0 0 9194 112072 355575101 375442504 16491135 18193064 0 0 6761345 6921911 81034773 78859243 0 0 0 0 0 0 0 0 22953205 18312507 127240458 122286725 X 205306066 224793607 9440026 14124454 13588551 14237718 228334643 253155779 355575101 375442504 X 6751204 11006089 2439593 4624250 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED true true true 7800 true true false true false true 12000 19800 false LOBBYING ACTIVITIES PART II-B THE UNIVERSITY PARTICIPATED IN LOBBYING ACTIVITIES RELATED TO THE TOWN OF SMITHFIELD'S PAYMENT IN LIEU OF TAXES PROGRAM. LINE 1A: THE UNIVERSITY ENCOURAGED ITS STUDENTS TO CONTACT MEMBERS OF THE TOWN COUNCIL TO WORK WITH THE UNIVERSITY ON A MUTUAL AGREEMENT REGARDING PAYMENTS IN LIEU OF TAXES. VOLUNTEERS WERE ALSO UTILIZED IN WRITING LETTERS TO THE EDITOR OF LOCAL PUBLICATIONS. LINE 1B: THE PRESIDENT, THE EXECUTIVE ASSISTANT TO THE PRESIDENT, AND A SMALL NUMBER OF MANAGEMENT PERSONNEL SPENT TIME ON THIS EFFORT. NO SEPARATE COMPENSATION WAS GIVEN TO ANY OF THESE INDIVIDUALS. THIS ACTIVITY COMES UNDER THEIR REGULAR WORK OF MANAGING THE UNIVERSITY. LINE 1C: THE UNIVERSITY RAN ONE ADVERTORIAL IN A LOCAL PUBLICATION. LINE 1D: THE UNIVERSITY SENT E-MAIL INFORMATION OUT TO THE PUBLIC AND ALUMNI TO INFORM THEM OF THE ISSUE AT HAND. SINCE THIS WAS DONE ELECTRONICALLY, THERE WAS NO COST FOR MAILING. LINE 1E: THE UNIVERSITY ISSUED BROADCAST E-MAIL STATEMENTS TO CONSTITUENCIES INCLUDING EMPLOYEES, ALUMNI, AND PARENTS. SINCE THIS WAS DONE ELECTRONICALLY, THERE WAS NO COST FOR MAILING. LINE 1G: THE PRESIDENT TESTIFIED IN FRONT OF THE SENATE FINANCE COMMITTEE WITH RESPECT TO PAYMENT IN LIEU OF TAXES. LINE 1I: THE UNIVERSITY HAD AN OUTSIDE LOBBYIST ON RETAINER. 246920 X false false 141802988 1783450 19135722 1733659 5012541 2439593 153536367 148715390 1742124 585867 1721211 5191289 2327883 141802998 126118730 1376248 30973741 1926871 5630473 2195985 148715390 120209492 2360255 13318034 1979783 6500001 1289267 126118730 168494180 303105 -38987139 1809596 6044204 1746854 120209492 0.87000 0.13000 false false 2953236 2953236 232212870 110303404 121909466 54242420 48028509 6213911 26720574 6599701 20120873 151197486 HEDGE FUNDS 49000622 F PRIVATE PLACEMENT PROGRAMS 27847570 F 76848192 0 SWAP DERIVATIVES 9200616 ASSET RETIRMENT OBLIGATION 2884004 REFUNDABLE ADVANCES - US GOV 6227887 18312507 X 146190339 11006089 -37534538 -26528449 172718788 266312 266312 172985100 121369203 196414 196414 121172789 2439593 42621514 45061107 166233896 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 4 THE PURPOSE OF THE UNIVERSITY'S ENDOWMENT FUND IS TO SUPPORT THE EDUCATIONAL MISSION OF THE UNIVERSITY BY PROVIDING A RELIABLE SOURCE OF FUNDS FOR CURRENT AND FUTURE USE. 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 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, A WHOLLY OWNED SUBSIDIARY, IS A DISREGARDED ENTITY FOR TAX PURPOSES. ACCORDINGLY, ANY TAX LIABILITY OF BRU LLC WOULD BE REPORTED BY THE UNIVERSITY. THE UNIVERSITY BELIEVES IT HAS TAKEN NO SIGNIFICANT UNCERTAIN TAX POSITIONS. OTHER REVENUE INCLUDED IN FINANCIAL STATEMENTS NOT INCLUDED ON RETURN PART XI, LINE 2D SCHOLARSHIPS AND GRANTS $(41,977,284) ACCRUAL OF LIABILITY FOR ASSET REMEDIATION $ (377,918) ACCRUAL OF OTHER NONOPERATING LIABILITY $ (380,731) CHANGE IN SPLIT INTEREST AGREEMENT $ (35,076) FUNDRAISING EXPENSE $ 190,452 RAFFLE EXPENSES $ 5,962 CHANGE IN FAIR VALUE OF INTEREST RATE SWAPS $ 5,040,057 TOTAL $(37,534,538) OTHER REVENUE INCLUDED ON RETURN NOT IN FINANCIAL STATEMENTS PART XI, LINE 4B CAPITAL CAMPAIGN EXPENDITURES $ 266,312 OTHER EXPENSES INCLUDED IN FINANCIAL STATEMENTS NOT ON RETURN PART XII, LINE 2D FUNDRAISING EXPENSE $ 190,452 RAFFLE EXPENSES $ 5,962 TOTAL $ 196,414 OTHER EXPENSES INCLUDED ON RETURN NOT IN FINANCIAL STATEMENTS PART XII, LINE 4B SCHOLARSHIPS AND GRANTS $ 41,977,284 ACCRUAL OF LIABILITY FOR ASSET REMEDIATION $ 377,918 CAPITAL CAMPAIGN EXPENDITURES $ 266,312 TOTAL $ 42,621,514 true true true true true true true false false false false false false false false true false true SCHEDULE E QUESTION 3 THE POLICY IS PUBLISHED IN THE EMPLOYEE POLICY MANUAL. ADVERTISING STATES THAT WE ARE AN EEO/AA EMPLOYER. ALL MAJOR PUBLICATIONS PRINT THE NOTICE OF NON-DISCRIMINATORY POLICY AS TO STUDENTS. 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. IT ALSO RECEIVES STUDENT GRANT AND SCHOLARSHIP ASSISTANCE THROUGH VARIOUS STATE AND GOVERNMENT AGENCIES INCLUDING: THE RHODE ISLAND HIGHER EDUCATION ASSISTANCE AUTHORITY, THE MASSACHUSETTS OFFICE OF STUDENT FINANCIAL ASSISTANCE, AND OTHERS. true Europe (Including Iceland and Greenland) 0 0 Fundraising ALUMNI TRAVEL 1867 South America 0 0 Fundraising ALUMNI TRAVEL 426 East Asia and the Pacific 0 0 Program Services STUDY ABROAD 771944 Central America and the Caribbean 0 0 Program Services STUDY ABROAD 109979 Europe (Including Iceland and Greenland) 0 0 Program Services STUDY ABROAD 2164224 South America 0 0 Program Services STUDY ABROAD 73567 Sub-Saharan Africa 0 0 Program Services STUDY ABROAD 44690 North America 0 0 Program Services STUDY ABROAD 3369 South Asia 0 0 Program Services STUDY ABROAD 17000 Central America and the Caribbean 0 0 Program Services STUDENT RECRUITING 3615 East Asia and the Pacific 0 0 Program Services STUDENT RECRUITING 5339 Europe (Including Iceland and Greenland) 0 0 Program Services STUDENT RECRUITING 11114 Middle East and North Africa 0 0 Program Services STUDENT RECRUITING 3017 North America 0 0 Program Services STUDENT RECRUITING 3606 South America 0 0 Program Services STUDENT RECRUITING 3576 South Asia 0 0 Program Services STUDENT RECRUITING 4817 East Asia and the Pacific 0 0 Program Services MAINT/BLD REL W CHINA 90838 North America 0 0 Program Services MAINT/BLD REL W CHINA 479 East Asia and the Pacific 0 0 Grantmaking STUDY ABROAD 217300 Europe (Including Iceland and Greenland) 0 0 Grantmaking STUDY ABROAD 670990 South America 0 0 Grantmaking STUDY ABROAD 38750 Sub-Saharan Africa 0 0 Grantmaking STUDY ABROAD 22000 Central America and the Caribbean 0 0 Investments 21114762 0 0 0 0 0 0 3312988 22064281 25377269 SCHOLARSHIPS East Asia and the Pacific 24 217300 STUDENT ACCT SCHOLARSHIPS Europe (Including Iceland and Greenland) 82 670990 STUDENT ACCT SCHOLARSHIPS South America 5 38750 STUDENT ACCT SCHOLARSHIPS Sub-Saharan Africa 3 22000 STUDENT ACCT true false false 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. X X X X X X X true HARRIS CONNECT PHONATHON SERVICES false 110024 110799 3074 GRENZBACH GLIER ASSOCIATES FUNDRAISING CONSULTING false 85738 -85738 110024 196537 -82664 MA NH RI GOLF TOURNAMENT 108372 22216 86156 1400 53493 10980 14185 GOLF TOURNAMENT 203820 126780 77040 2500 55831 11936 40127 0 312192 148996 163196 3900 109324 22916 54312 190452 -27256 16802 5000 962 16802 5000 962 5962 10840 RI false APPLICATION TO CONDUCT THE RAFFLE WAS FILED WITH THE RHODE ISLAND STATE POLICE. THE LICENSE WAS GRANTED AND APPROVED. false false false ANDREW DIGIACOMO 1150 DOUGLAS PIKE SMITHFIELD RI 02917 false ANDREW DIGIACOMO 0 ORGANIZED/COLLECTION OF FUNDS & PMT OF THE WINNER X false HARRIS CONNECT PART I, LINE 2B, COLUMN (V) OF THE $110,799 TOTAL, $107,064 IS FOR PROFESSIONAL FUNDRAISING FEES, $1,135 IS FOR POSTAGE, AND $2,600 IS FOR BULLETINS. EVENT #1 PART II(A) EACH YEAR, THE UNIVERSITY HOLDS A GOLF TOURNAMENT IN JUNE AS A FUNDRAISING EVENT. IN JUNE OF 2012, THE EVENT WAS POSTPONED DUE TO HEAVY RAIN THE DAY IT WAS TO BE HELD. THE TOURNAMENT ACTUALLY TOOK PLACE IN SEPTEMBER 2012. FOR ACCOUNTING PURPOSES AND FOR THE FISCAL YEAR 2012 AUDIT, THE CHARITABLE CONTRIBUTION PORTION OF THE PLAYERS' FEES WERE RECOGNIZED IN FISCAL YEAR 2012, SINCE THE FUNDS WERE ACTUALLY RECEIVED IN THAT YEAR. THE PORTION OF THE PLAYERS' FEES ATTRIBUTABLE TO THE QUID PRO QUO WAS DEFERRED TO FISCAL YEAR 2013 SINCE THAT IS THE YEAR THE TOURNAMENT WAS ACTUALLY HELD AND THE PLAYERS RECEIVED THE GOODS/SERVICES THEY PAID FOR IN THE PRIOR FISCAL YEAR. FOR TAX PURPOSES, ON SCHEDULE G, THE UNIVERSITY HAS REPORTED ONLY THE PLAYERS' FEES ATTRIBUTABLE TO THE QUID PRO QUO PORTION OF THE GROSS RECEIPTS, AS THE TOURNAMENT WAS HELD IN SEPTEMBER 2012. THIS IS CONSISTENT WITH FINANCIAL STATEMENT REPORTING. GAMING PART III LINES 2 & 3 MEN'S AND WOMEN'S SWIMMING CONDUCTED A RAFFLE TO MEET THEIR FUNDRAISING GOALS. FIRST PRIZE WAS $5000, OTHER PRIZES INCLUDED 2 PLANE TICKETS (WHICH WERE DONATED) AND AN IPAD2 (WHICH WAS PURCHASED). true ACADEMIC SCHOLARSHIPS 1171 14521011 ANNUAL GIFTS 136 520584 ATHLETIC AWARDS 322 5810324 DIVERSITY AWARDS 153 3638770 ENDOWED SCHOLARSHIPS 163 950162 NEED-BASED GRANTS 1467 15051477 SPECIAL PROGRAMS 81 173569 SEOG PROGRAM 512 335749 FWS COMMUNITY SERVICE 17 26598 PROCEDURES TO MONITOR THE USE OF GRANT FUNDS IN THE U.S. PART I, LINE 2 THE UNIVERSITY DID PROVIDE ASSISTANCE FOR COMMUNITY SUPPORT TO VARIOUS ORGANIZATIONS THROUGH THEIR FUNDRAISING EVENTS, ALTHOUGH NO SINGLE ORGANIZATION RECEIVED OVER $5,000 FROM THE UNIVERSITY DURING THE YEAR. THE UNIVERSITY DID NOT TAKE A CHARITABLE CONTRIBUTION ON ITS GRANTS AND OTHER ASSISTANCE TO INDIVIDUALS IN THE U.S. GRANTS AND OTHER ASSISTANCE TO INDIVIDUALS IN THE U.S. PART III 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 FOUR (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. X X X X X true true X X X true true false false false false false false false RONALD K MACHTLEY 501560 0 99456 0 53885 0 28280 0 82361 0 765542 0 0 0 BARRY F MORRISON 288259 0 24242 0 83488 0 43280 0 23129 0 462398 0 65000 0 JOSE-MARIE GRIFFITHS 258407 0 25670 0 6234 0 28280 0 66004 0 384595 0 0 0 CHARLES F LOCURTO 202304 0 23500 0 38946 0 0 0 17664 0 282414 0 0 0 LORNA J HUNTER 87164 0 20000 0 147712 0 9603 0 21160 0 285639 0 0 0 JAMES L DAMRON 211732 0 24100 0 15606 0 36357 0 20717 0 308512 0 0 0 MICHAEL R COOPER 215327 0 0 0 29982 0 25562 0 20515 0 291386 0 0 0 LINDA S LULLI 189168 0 20550 0 17851 0 22859 0 2507 0 252935 0 0 0 ROGER L ANDERSON 165718 0 20250 0 36298 0 18684 0 14910 0 255860 0 0 0 J THOMAS EAKIN 168123 0 24214 0 22117 0 21398 0 49757 0 285609 0 0 0 DAVID A LOUTON 213072 0 0 0 879 0 20381 0 23546 0 257878 0 0 0 MICHAEL J PRESSLER 200111 0 0 0 13408 0 15769 0 53505 0 282793 0 0 0 TIMOTHY J O'SHEA 148315 0 0 0 60912 0 16969 0 22260 0 248456 0 0 0 DENNIS M BLINE 204009 0 0 0 1485 0 18511 0 29672 0 253677 0 0 0 HONG YANG 167066 0 20000 0 17734 0 17218 0 20236 0 242254 0 0 0 HAKAN SARAOGLU 194842 0 0 0 584 0 20732 0 18787 0 234945 0 0 0 VK UNNI 180732 0 0 0 2612 0 20517 0 18871 0 222732 0 0 0 DAVID S LUX 161234 0 0 0 4282 0 18123 0 38631 0 222270 0 0 0 BENEFITS PART I, LINE 1A THE LACROSSE TEAM HAD ONE CHARTER FLIGHT DURING THE YEAR, PAID FOR BY A DONOR, ON WHICH MICHAEL PRESSLER AND HIS WIFE ACCOMPANIED THE TEAM. THE COST OF THE FLIGHT WAS $96,500. 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 TRIPS WERE 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 COST OF MRS. MACHTLEY'S TRAVEL PAID FOR BY THE UNIVERSITY FOR THE TRIPS WAS APPROXIMATELY $4,200. J. THOMAS EAKIN, VICE PRESIDENT OF STUDENT AFFAIRS/DEAN OF STUDENTS TRAVELLED ON ONE TRIP WITH HIS SPOUSE, MARJORIE EAKIN, ON UNIVERSITY RELATED BUSINESS. THE EXPENSES WERE NOT CONSIDERED COMPENSATION FOR DR. EAKIN SINCE THE TRIPS WERE BUSINESS RELATED. THE COST OF MRS. EAKIN'S TRAVEL PAID FOR BY THE UNIVERSITY WAS APPROXIMATELY $486. THE UNIVERSITY ALSO PAID $2,900 FOR PRESIDENT MACHTLEY'S MEMBERSHIPS AND ASSOCIATED FEES FOR TWO SEPARATE SOCIAL CLUBS AND $2,500 WAS PAID FOR MICHAEL PRESSLER'S (MEN'S LACROSSE COACH) MEMBERSHIP IN ONE SOCIAL CLUB. THESE MEMBERSHIPS ARE OBTAINED FOR BUSINESS PURPOSES ONLY. THESE AMOUNTS ARE INCLUDED AS NON-TAXABLE BENEFITS IN PART II. AS A CONDITION OF THEIR EMPLOYMENT, THE UNIVERSITY PROVIDED ON-CAMPUS HOUSING FOR PRESIDENT MACHTLEY, FOR J. THOMAS EAKIN, VICE PRESIDENT OF STUDENT AFFAIRS, AND JOSE-MARIE GRIFFITHS, VICE PRESIDENT OF ACADEMIC AFFAIRS. THE UNIVERSITY PROVIDES CUSTODIAL SERVICES TO MAINTAIN THE HOUSING. THESE AMOUNTS ARE INCLUDED AS NON-TAXABLE BENEFITS IN PART II. SEVERANCE AGREEMENT PART I, LINE 4A LORNA HUNTER, VICE PRESIDENT FOR ENROLLMENT MANAGEMENT (PARTIAL YEAR) RECEIVED $141,350 IN SEVERANCE FROM 2012. THIS PAYMENT WAS MADE IN ACCORDANCE WITH THE TERMS OF HER RESIGNATION AGREEMENT WITH THE UNIVERSITY. NONQUALIFIED SUPPLEMENTAL RETIREMENT PLAN PART I, LINE 4B BARRY MORRISON PARTICIPATES IN A NONQUALIFIED SUPPLEMENTAL RETIREMENT PLAN. $15,000 WAS CONTRIBUTED TO THE PLAN IN 2012 RELATED TO CALENDAR YEAR 2011. MR. MORRISON ALSO RECEIVED A PAYMENT FROM THE PLAN IN 2012 OF APPROXIMATELY $65,256. OTHER COMPENSATION DETAILS PART II, COLUMN B (III) INCLUDES PAYMENTS FOR GROUP TERM LIFE PREMIUMS AND PERSONAL USE OF AUTO. 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, AS WELL AS THE VALUE OF ON-CAMPUS HOUSING PROVIDED TO CERTAIN KEY EMPLOYEES UNDER THE REQUIREMENTS OF THEIR EMPLOYMENT CONTRACTS. A Rhode Island Health and Educational Bldng Corp 521300173 762197CE9 2008-04-24 50420000 Refunding 12/8/05 Bonds & 6/21/07 false false false B Rhode Island Health and Educational Bldng Corp 521300173 762197HQ7 2011-11-29 23255000 Refunding 1/24/01 Bonds false false false C Rhode Island Health and Educational Bldng Corp 521300173 2013-02-19 7825000 Refunding 5/15/02 Bonds false false false A 0 0 50420000 0 0 0 395680 24320 0 0 50000000 0 2008 true false true true B 0 0 24160304 0 0 0 262729 0 0 0 23897575 0 true false true true C 0 0 7825000 0 0 0 120000 0 0 0 7705000 0 true false true true A false true false false 0.00500 0.03500 0.04000 false false false true B 0.00000 0.00000 0.00000 C 0.00000 0.00000 0.00000 A false false false true true true WELLS FARGOBARCLAYS 26.5 false false false 0 false true B false true false false false false 0 false 0 false true C false true false false false false 0 false 0 false true A false B false C false ARBITRAGE CALCULATION PART IV, COLUMN A, LINE 2C ARBITRAGE CALCULATION PREPARED ON APRIL 24, 2013. PROCEDURES PART V THE UNIVERSITY IS WORKING TO ESTABLISH WRITTEN PROCEDURES TO UNDERTAKE CORRECTIVE ACTION. NA N/A 1100 TUITION REMISSION EMPLOYEE BENEFIT COLLEEN ANDERSON SPOUSE OF ROGER ANDERSON 25588 SALARY & BENEFITS PAID BY UNIV false KATI MACHTLEY WIFE OF RONALD MACHTLEY 88327 SALARY & BENEFITS PAID BY UNIV false AFFILIATED FM INSURANCE COMPANY TRUSTEE SUBRAMANIAM - CEO 128671 INSURANCE COVERAGE false BUSINESS TRANSACTIONS WITH INTERESTED PERSONS PART VI, LINE 3 THE UNIVERSITY PAYS AFFILIATED FM INSURANCE COMPANY, A WHOLLY-OWNED SUBSIDIARY OF FM GLOBAL, OF WHICH TRSUTEE SHIVAN SUBRAMANIAM IS THE CEO. X 14 605586 AVERAGE OF HIGH/LOW X 2 30745 FMV X GOLF TOURNAMENTS 103 52657 FMV X LIFE INSURANCE POLICIES 2 29295 CSV X SOFTWARE 1 1260 FMV X MISCELLANEOUS 2 105 FMV false true false NUMBER OF CONTRIBUTIONS PART I, COLUMN B DENOTES THE NUMBER OF CONTRIBUTIONS RECEIVED DURING THE FISCAL YEAR. PART III, LINE 1 STRATEGIC VISION 2020 BRYANT TODAY IS THE CULMINATION OF NEARLY 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 MEANINFUL 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 o INTEGRATION OF ACADEMIC AND STUDENT LIFE o GLOBAL PERSPECTIVE o INNOVATION AND CREATIVITY o 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 498 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). PROGRAM SERVICES 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 FALL FTE FOR THE UNDERGRADUATE PROGRAM WAS 3,311 AND THE GRADUATE PROGRAM WAS 186. WITHIN THE UNDERGRADUATE PROGRAM THERE ARE TWO SCHOOLS, THE COLLEGE OF ARTS AND SCIENCES AND THE COLLEGE OF BUSINESS. THE COLLEGE OF ARTS AND SCIENCES OFFERS A WIDE RANGE OF STUDY IN THE HUMANITIES, SOCIAL SCIENCES, MATHEMATICS, AND THE NATURAL SCIENCES. THE COLLEGE OF BUSINESS'S IMPRESSIVE ARRAY OF BUSINESS SPECIALTIES OFFERS STUDENTS THE DEPTH AND BREADTH OF A LARGE, PREMIER BUSINESS SCHOOL COMBINED WITH THE INDIVIDUAL ATTENTION THAT IS A BRYANT HALLMARK. THE GRADUATE SCHOOL OF BUSINESS IS PART OF THE COLLEGE OF BUSINESS AT BRYANT, WHICH IS ONE OF ONLY 5% OF ALL BUSINESS PROGRAMS IN THE WORLD ACCREDITED BY AACSB INTERNATIONAL - THE ASSOCIATION TO ADVANCE COLLEGIATE SCHOOLS OF BUSINESS. 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 84% OF OUR 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. LOBBYING ACTIVITIES PART IV, LINE 4 IN ADDITION TO ACTIVITIES REPORTED ON SCHEDULE C, THE UNIVERSITY IS A MEMBER 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. FAMILY OR BUSINESS RELATIONSHIPS PART VI, SECTION A, QUESTION 2 THE FOLLOWING MEMBERS OF THE UNIVERSITY'S BOARD OF TRUSTEES ALSO SERVE ON THE BOARD OF AMICA INSURANCE COMPANY: CHERYL SNEAD AND RONALD MACHTLEY. FORM 990 REVIEW PROCESS PART VI, SECTION B, QUESTION 11A 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 VOTING 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 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 ENDORSES THE PRESIDENT'S COMPENSATION RECOMMENDATIONS FOR THE EXECUTIVE TEAM. 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 DETERMINATIONS. 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 BY SENDING IT FREE OF CHARGE 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. OTHER CHANGES IN NET ASSETS PART XI, LINE 9 CHANGE IN FAIR VALUE OF INTEREST RATE SWAP $5,040,057 ACCRUAL OF OTHER NONOPERATING LIABILITY ($ 380,731) CHANGE IN SPLIT INTEREST AGREEMENT ($ 35,076) ------------- TOTAL $4,624,250 BRU LLC 1150 DOUGLAS PIKE SMITHFIELD RI 02917 231386793 REAL ESTATE RI 0 842926 BRYANT UNIV CHARITABLE REMAINDER UNITRUST (1) CHARITABLE TRUST RI BRYANT U TRUST true false false false false false false false false false false false false false false false false false true false