2011-05-13T13:43:44-04:00 2010-06-30 KPMG LLP 60 South Street Boston MA 02111 990 2009-07-01 050258932 PROVIDENCE COLLEGE PROV 4018651000 ONE CUNNINGHAM SQUARE PROVIDENCE RI 02918 JOHN SWEENEY 4018651000 2011-05-11 6179881000 2009 2016-02-24 21:20:13Z REV BRIAN J SHANLEY OP ONE CUNNINGHAM SQUARE PROVIDENCE RI 02918 289702340 false X WWW.PROVIDENCE.EDU X 1917 RI PROVIDENCE COLLEGE IS A LIBERAL ARTS, CATHOLIC INSTITUTION OF HIGHER EDUCATION, COMMITTED TO FOSTER ACADEMIC EXCELLENCE AND TO CULTIVATE INTELLECTUAL SPIRITUAL, AND AESTHETIC VALUES. 33 28 2751 33 175723 -37224 14216492 12513371 165663984 172062684 -4812539 7999406 3044125 2884451 178112062 195459912 40309273 44323332 0 0 72374080 78164881 434008 375004 4204331 56927888 58311417 170045249 181174634 8066813 14285278 410902112 433715098 100095925 98891298 310806187 334823800 PROVIDENCE COLLEGE IS A LIBERAL ARTS, CATHOLIC INSTITUTION OF HIGHER EDUCATION, COMMITTED TO FOSTER ACADEMIC EXCELLENCE AND TO CULTIVATE INTELLECTUAL SPIRITUAL, AND AESTHETIC VALUES. false false 150236757 44323332 173273031 PROVIDENCE COLLEGE IS A PRIMARILY UNDERGRADUATE, LIBERAL ARTS, CATHOLIC INSTITUTION OF HIGHER EDUCATION. THE COLLEGE ENROLLED APPROXIMATELY 3,800 UNDERGRADUATES, 1,261 GRADUATE STUDENTS, & 868 STUDENTS IN CONTINUING EDUCATION PROGRAMS. COMMITTED TO FOSTERING ACADEMIC EXCELLENCE THROUGH THE SCIENCES AND HUMANITIES, THE COLLEGE PROVIDES A VARIETY OF OPPORTUNITIES FOR INTELLECTUAL, SOCIAL, MORAL, AND SPIRITUAL GROWTH IN A SUPPORTIVE ENVIRONMENT. THE COLLEGE ACTIVELY CULTIVATES INTELLECTUAL, SPIRITUAL, ETHICAL, AND AESTHETIC VALUES WITHIN THE CONTEXT OF THE JUDAEO-CHRISTIAN HERITAGE. THESE VALUES ARE NURTURED BY THE UNIQUE TRADITION OF THE DOMINICAN ORDER WHICH EMPHASIZES QUALITY TEACHING AND SCHOLARSHIP. 150236757 true true false false false false false false true true true false true false true false true true true false false false true true true false false false false false false false false false true true false false false false false false false false true 336 0 true 2751 true true true true CJ VI false false false true true false false false 33 28 false false false false true true true true true false false true true true true true true true true false RI X JOHN SWEENEY SR VP OF FINANCE 4018652281 ONE CUNNINGHAM SQUARE PROVIDENCE RI 02918 MICHAEL A RUANE 4.0 X 0 0 0 WILLIAM F CONCANNON 3.0 X 0 0 0 SR KATHLEEN CANNON O P 3.0 X 0 0 0 PETER BENZIE 2.0 X 0 0 0 SANDRA COLETTA 2.0 X 0 0 0 M JOSEPH CANAVAN 2.0 X 0 0 0 WILLIAM J CHRISTIE 2.0 X 0 0 0 ROBERT PALMISANO 2.0 X 0 0 0 MAUREEN DAVENPORT CORCORAN 3.0 X 0 0 0 CHRISTOPHER REILLY 2.0 X 0 0 0 JOHN J GLIER 2.0 X 0 0 0 REVEREND EDWARD M GORMAN O P 2.0 X 0 0 0 VERY REVEREND D DOMINIC IZZO O P 2.0 X 0 0 0 THOMAS JOSEPH KEEGAN JR 2.0 X 0 0 0 JOHN F KILLIAN 2.0 X 0 0 0 REBECCA HICKEY LAINOVIC 2.0 X 0 0 0 VERY REVEREND KENNETH LETOILE O P 2.0 X 0 0 0 PAUL G MAGUIRE 2.0 X 0 0 0 JOHN J MAHONEY ESQ 2.0 X 0 0 0 VERY REVEREND MICHAEL A MASCARI O P 2.0 X 0 0 0 MARGARET MCGETRICK HORKINGS 2.0 X 0 0 0 THOMAS C BOYAN JR 2.0 X 0 0 0 ANDRE EARLE OWENS ESQ 2.0 X 0 0 0 KEVIN C PHELAN 2.0 X 0 0 0 REVEREND KURT J PRITZL O P 2.0 X 0 0 0 MARY ELLEN SPOSATO ROGERS 2.0 X 0 0 0 REVEREND BRIAN J SHANLEY O P 40.0 X X 0 0 51856 REVEREND KENNETH R SICARD O P 2.0 X X 0 0 38107 MOST REVEREND THOMAS J TOBIN D D 2.0 X 0 0 0 REVEREND D REGINALD WHITT O P 2.0 X 0 0 0 PAUL F WYNN ESQ 2.0 X 0 0 0 EDWARD W O'DONNELL 2.0 X 0 0 0 EDWARD M SULLIVAN 2.0 X 0 0 0 MICHAEL V FRAZIER 40.0 X 274975 0 30367 HUGH F LENA 40.0 X 261669 0 32584 MARIFRANCES MCGINN 40.0 X 216066 0 38922 JOHN SWEENEY 40.0 X 0 0 0 SUSAN LEHRMAN 40.0 X 244560 0 33546 LAURENT GOUSIE 40.0 X 242983 0 11451 KENO DAVIS 40.0 X 811890 0 34899 DAVID WEGRZYN 40.0 X 262182 0 43290 ROBERT DRISCOLL 40.0 X 248716 0 41776 2563041 0 356798 115 false true false RUFFALOCODY 65 KIRKWOOD NORTH ROAD SW CEDAR RAPIDS IA 52404 FUNDRAISING SERVICES 392860 KPMG 60 SOUTH STREET BOSTON MA 02111 ACCOUNTING 167400 LAST PANDA LLC ONE BROADWAY 15TH FL CAMBRIDGE MA 02142 PROGRAMMING 148226 CAMBRIDGE ASSOCIATES 100 SUMMER ST 13 BOSTON MA 02110 INVESTMENT SERVICES 135600 STATE STREET ONE LINCOLN STREET BOSTON MA 02111 INVESTMENT SERVICES 120736 37 2567263 9946108 435180 12513371 TUITION & FEES 130575646 130575646 ROOM REVENUE 23509193 23509193 BOARD REVENUE 12013389 12013389 ATHLETICS REVENUE 5730977 5730977 AUXILIARY REVENUE 233479 233479 172062684 1786500 -38347 1824847 0 255091 255091 100248136 94035230 6212906 6212906 6212906 69495 207198 -137703 -137703 0 0 SCHNEIDER ARENA 713990 205070 205070 WEDDING REVENUE 713990 9000 9000 TELEPHONE INCOME 900099 12380 12380 2540613 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STUDENT SCHOLARSHIPS AND PROJECTS. PART XI, LINE 8 POST RETIREMENT BENEFIT OBLIGATION $<239,699> PART XII, LINE 4B ALUMNI REUNION WEEKEND $ 207,198 PART XIII, LINE 2D POST RETIREMENT BENEFIT OBLIGATION $ 239,699 ALUMNI REUNION WEEKEND $ 207,198 true true true A COPY OF THE COLLEGE'S RACIAL NONDISCRIMINATION POLICY IS INCLUDED IN ALL COLLEGE PUBLICATIONS. true true true true false false false false false false false false true false THE COLLEGE PARTICIPATES IN VARIOUS GOVERNMENTAL ASSISTANCE PROGRAMS INCLUDING THE FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS AND FEDERAL WORK STUDY PROGRAMS. true true Europe (Including Iceland and Greenland) 0 0 Program Services STUDY ABROAD 12197 Central America and the Caribbean 0 0 Investments 0 0 12197 STUDENTS Europe/Iceland/Greenland 4 12197 PART I LINE 2 THE OFFICE OF FINANCIAL AID MONITORS FEDERAL GRANT FUNDS USING BANNER REPORTING TOOLS TO TRACK THE LEVEL OF AMOUNTS PAID FOR ALL TITLE IV GRANTS AND INSTITUTIONAL GRANTS. AMOUNTS ARE RECONCILED TO THE STUDENT ACCOUNT SYSTEM TO ENSURE THAT THE FUNDS ARE PROPERLY DISBURSED. X true RUFFALOCODY PHONE SOLICIT. false 657134 375004 282130 657134 375004 282130 RI REUNION WEEKEND 69495 69495 61792 76847 68559 0 69495 69495 61792 76847 68559 207198 -137703 true STUDENT SCHOLARSHIPS & FINANCIAL AID 2643 37662120 ATHLETIC SCHOLARSHIPS 191 5699015 FEDERAL SUPPLEMENTAL EDUCATION OPPORTUNITY GRANT 241 950000 PART 1, LINE 2 SCHEDULE I THE OFFICE OF FINANCIAL AID MONITORS FEDERAL GRANT FUNDS USING BANNER REPORTING TOOLS TO TRACK THE LEVEL OF AMOUNTS PAID FOR ALL TITLE IV GRANTS AND INSTITUTIONAL GRANTS. AMOUNTS ARE RECONCILED TO THE STUDENT ACCOUNT SYSTEM TO ENSURE THAT THE FUNDS ARE PROPERLY DISBURSED. X X true true X X X true false false false false false false false false MICHAEL V FRAZIER 247255 0 0 0 27720 0 24500 0 5867 0 305342 0 0 0 HUGH F LENA 254680 0 0 0 6989 0 24500 0 8084 0 294253 0 0 0 MARIFRANCES MCGINN 210953 0 0 0 5113 0 21522 0 17400 0 254988 0 0 0 SUSAN LEHRMAN 228731 0 0 0 15829 0 17446 0 16100 0 278106 0 0 0 LAURENT GOUSIE 225902 0 0 0 17081 0 6628 0 4823 0 254434 0 0 0 KENO DAVIS 770783 0 20000 0 21107 0 18525 0 16374 0 846789 0 0 0 DAVID WEGRZYN 242073 0 0 0 20109 0 24500 0 18790 0 305472 0 0 0 ROBERT DRISCOLL 209831 0 0 0 38885 0 25680 0 16096 0 290492 0 0 0 HOUSING ALLOWANCE AND HEALTH OR SOCIAL CLUB DUES PART I LINE 1A THE COLLEGE'S PRESIDENT, REV. BRIAN J. SHANLEY, OP AND THE COLLEGE'S EXECUTIVE VICE PRESIDENT, REV. KENNETH J. SICARD, OP WERE PROVIDED WITH ON CAMPUS HOUSING. THE COLLEGE'S PRESIDENT, REV. BRIAN J. SHANLEY, OP, ROBERT DRISCOLL, ATHLETIC DIRECTOR, DAVID WEGRZYN, VICE PRESIDENT INSTITUTIONAL ADVANCEMENT, AND KENO DAVIS, BASKETBALL COACH, WERE PROVIDED WITH SOCIAL CLUB MEMBERSHIPS PAID BY THE COLLEGE. THE MEMBERSHIP DUES PAID BY THE COLLEGE FOR ROBERT DRISCOLL, DAVID WEGRZYN, AND KENO DAVIS ARE TAXABLE TO THE INDIVIDUALS AND INCLUDED IN THEIR FORM W-2. THESE AMOUNTS HAVE BEEN REPORTED ON SCHEDULE J AND J-2. SEVERANCE PAYMENT PART I LINE 4A LAURENT GOUSIE RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $170,703. RHODE ISLAND HEALTH AND EDUCATIONAL BUILDING CORP 521300173 762197CH2 2008-04-30 18200000 REFUNDING 2003B & 2006 BONDS false false RHODE ISLAND HEALTH AND EDUCATIONAL BUILDING CORP 521300173 762243BY8 2003-08-01 64960688 PAY OFF 1993 BONDS & CONSTRUCT false false 18200000 242830 17957170 2008 true false true true 65495000 1304876 64190124 2005 true false true true false false false false false true false false false false false true false true false false false false false false true Trinity Plus Fund 1.7 true false false Verizon John Killian, Trustee 170717 Ordinary Business false Grenzebach Glier Associates John Glier, Trustee 145651 Ordinary Business false State Street Maureen Corcoran, Trustee 107726 Ordinary Business false X 21 239042 Selling Price X 2 101950 Fair Market Value X Miscellaneous 31 94188 Fair Market Value 2 false true false ORGANIZATION'S MISSION PART III, LINE 1 PROVIDENCE COLLEGE IS A PRIMARILY UNDERGRADUATE, LIBERAL ARTS, CATHOLIC INSTITUTION OF HIGHER EDUCATION. COMMITTED TO FOSTERING ACADEMIC EXCELLENCE THROUGH THE SCIENCES AND HUMANITIES, THE COLLEGE PROVIDES A VARIETY OF OPPORTUNITIES FOR INTELLECTUAL, SOCIAL, MORAL, AND SPIRITUAL GROWTH IN A SUPPORTIVE ENVIRONMENT. THE COLLEGE ACTIVELY CULTIVATES INTELLECTUAL, SPIRITUAL, ETHICAL, AND AESTHETIC VALUES WITHIN THE CONTEXT OF THE JUDAEO-CHRISTIAN HERITAGE. THESE VALUES ARE NURTURED BY THE UNIQUE TRADITION OF THE DOMINICAN ORDER WHICH EMPHASIZES QUALITY TEACHING AND SCHOLARSHIP. PROVIDENCE COLLEGE RECOGNIZES THE UNITY OF THE HUMAN FAMILY THAT PROCEEDS FROM ITS ONE CREATOR. IT THEREFORE ENCOURAGES THE DEEPEST RESPECT FOR THE ESSENTIAL DIGNITY, FREEDOM, AND EQUALITY OF EVERY PERSON AND WELCOMES QUALIFIED WOMEN AND MEN FROM ALL RELIGIOUS, RACIAL, AND ETHNIC BACKGROUNDS. PROVIDENCE COLLEGE PREPARES ITS STUDENTS TO BE RESPONSIBLE AND PRODUCTIVE CITIZENS TO SERVE IN THEIR OWN SOCIETY AND THE GREATER WORLD COMMUNITY. FORM 990 REVIEW PROCESS PART VI, SECTION B, LINE 11A THE FORM 990 WILL BE COMPLETED ANNUALLY AND COPIES WILL BE PROVIDED TO THE ENTIRE GOVERNING BOARD VIA POSTING ON THE TRUSTEES ONLY AREA OF THE COLLEGE WEBSITE. THE CHAIRMAN OF THE BOARD OF TRUSTEES AND ALL MEMBERS OF THE AUDIT COMMITTEE WILL REVIEW THE FORM 990 WITH THE COLLEGE'S PRESIDENT, EXECUTIVE VICE PRESIDENT/TREASURER, VICE PRESIDENT FOR FINANCE & BUSINESS/CFO, AND CONTROLLER. AT THE DISCRETION OF THE AUDIT COMMITTEE CHAIR, THE THIRD PARTY PREPARER OF THE FORM 990 MAY BE ASKED TO ATTEND. ANY NECESSARY CHANGE, IDENTIFIED THROUGH THE REVIEW PROCESS, WILL BE MADE TO THE ORIGINALLY SUBMITTED FORM 990. THIS UPDATED VERSION OF THE FORM 990 WILL BE CONSIDERED APPROVED FOR FILING. IT WILL BE SIGNED BY THE VICE PRESIDENT FOR FINANCE & BUSINESS/CFO, DATED, AND SUBMITTED BY THE FILING DEADLINE. A COPY OF THE APPROVED FORM 990 WILL BE PROVIDED, VIA POSTING ON THE TRUSTEES ONLY AREA OF THE COLLEGE WEBSITE, TO ALL OF THE OFFICERS AND TRUSTEES BEFORE THE RETURN IS FILED. CONFLICT OF INTEREST POLICY PART VI, SECTION B, LINE 12C ALL OFFICERS, TRUSTEES, AND KEY EMPLOYEES ARE REQUIRED TO DISCLOSE ANNUAL INTERESTS THAT COULD GIVE RISE TO CONFLICTS. ALL CONFLICT OF INTEREST DISCLOSURE FORMS ARE REVIEWED BY THE COLLEGE'S GENERAL COUNSEL, THE CHAIRMEN OF THE AUDIT COMMITTEE, AND A DESIGNEE OF THE CORPORATION. COMPENSATION POLICY PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES ANNUALLY REVIEWS THE POLICIES, PROGRAMS, AND TOTAL COMPENSATION FOR EXECUTIVES TO ENSURE COMPLIANCE WITH FEDERAL REGULATIONS CONCERNING EXECUTIVE COMPENSATION IN NON-PROFIT ORGANIZATIONS. COMPETITIVE SURVEY DATA IS COLLECTED, ANALYZED, AND SUMMARIZED BY THE ASSOCIATE VICE PRESIDENT FOR HUMAN RESOURCES AND IS REVIEWED ANNUALLY BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. SALARIES ARE BASED UPON THE EXECUTIVE'S SCOPE, SIZE, AND COMPLEXITY OF RESPONSIBILITIES AS WELL AS PERFORMANCE AGAINST GOALS AND OBJECTIVES. BENEFITS FOR EXECUTIVES ARE THE SAME AS THOSE OFFERED TO ALL COLLEGE EMPLOYEES. THIS PROCESS IS USED TO ESTABLISH COMPENSATION FOR THE FOLLOWING: PRESIDENT, EXECUTIVE VICE PRESIDENT, PROVOST & VP FOR ACADEMIC AFFAIRS, VP FOR COLLEGE RELATIONS & PLANNING, VP FOR FINANCE & BUSINESS, VP AND GENERAL COUNSEL, VP FOR INSTITUTIONAL ADVANCEMENT, VP FOR MISSION & MINISTRY, AND VP FOR STUDENT AFFAIRS ADMINISTRATION. THIS PROCESS WAS LAST UNDERTAKEN IN JUNE, 2010. PART VI, SECTION B, LINE 15B PROVIDENCE COLLEGE'S PRESIDENT AND TREASURER ARE MEMBERS OF THE DOMINICAN FRIARS, A CATHOLIC RELIGIOUS ORDER. THEY ARE PROVIDED ON CAMPUS HOUSING AND HEALTHCARE BENEFITS BY THE COLLEGE. THE COMPENSATION FOR OTHER OFFICERS AND KEY EMPLOYEES IS SET BY THE PRESIDENT OF THE COLLEGE. INDEPENDENT COMPENSATION COMPARABILITY SURVEYS ARE USED PERIODICALLY IN SETTING COMPENSATION. PUBLIC DISCLOSURE POLICY PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC ON THE WEBSITE. THE COLLEGE COMMUNITY (FACULTY, STAFF, AND STUDENTS) HAVE ACCESS TO THE CONFLICT OF INTEREST POLICY THROUGH THE COLLEGE'S WEBSITE. FINANCIAL STATEMENTS ARE AVAILABLE TO ANYONE UPON REQUEST. THE FORM 990 IS POSTED ON THE INTERNET AT WWW.GUIDESTAR.ORG. FUNDRAISING ACTIVITIES SCHEDULE G, PART I, LINE 2 PROVIDENCE COLLEGE HAS A WRITTEN AGREEMENT WITH RUFFALOCODY, A PROFESSIONAL FUNDRAISER, WHEREBY RUFFALOCODY PROVIDED TELEMARKETING SERVICES, INCLUDING PHONATHON MAILINGS. THE AGREEMENT CALLS FOR A MONTHLY PAYMENT OF AN AGREED UPON FEE, PLUS REIMBURSEMENT OF COSTS SUCH AS PRINTING, POSTAGE, SUPPLIES, ETC. RUFFALOCODY BILLS PROVIDENCE COLLEGE SEPARATELY FOR THESE COSTS. PROVIDENCE COLLEGE PAID RUFFALOCODY $392,860 DURING THE YEAR OF WHICH $10,629 WAS REIMBURSEMENT OF EXPENSES. 12-MEMBER CORPORATION PART VI, SECTION A, LINES 6-8B THE 12-MEMBER CORPORATION IS THE BODY THAT HAS THE ULTIMATE AUTHORITY TO EXERCISE CONTROL OVER OWNERSHIP OF PROPERTY, TO PROMULGATE AND AMEND THE BY-LAWS, TO ACCEPT OR REJECT THE RECOMMENDATION FOR ELECTION TO THE PRESIDENCY OF THE COLLEGE BY THE BOARD OF TRUSTEES, AND TO ELECT MEMBERS OF THE CORPORATION AND OF THE BOARD OF TRUSTEES. THE CORPORATION IS COMPRISED OF FOUR EX OFFICIO MEMBERS AND EIGHT OTHER INDIVIDUALS ELECTED BY THE CORPORATION, FOUR DOMINICAN FRIARS AND FOUR LAY PERSONS. THE EX OFFICIO MEMBERS ARE: THE PROVINCIAL OF THE PROVINCE OF ST. JOSEPH, THE ELECTED LEADER OF THE DOMINICAN ORDER FOR THE EASTERN REGION OF THE UNITED STATES; THE ROMAN CATHOLIC BISHOP OF THE DIOCESE OF PROVIDENCE; THE PRESIDENT OF THE COLLEGE; AND THE CHAIRMAN OF THE BOARD OF TRUSTEES. THE TERMS OF OFFICE OF THE BISHOP, THE PRESIDENT, THE PROVINCIAL AND THE CHAIRMAN OF THE BOARD OF TRUSTEES ARE CO-TERMINUS WITH THE RESPECTIVE INCUMBENCY OF EACH. THE TERM OF ALL OTHER MEMBERS IS FOUR YEARS.