2026-05-12T13:06:13-05:00 2025-06-30 135565207 KPMG LLP 60 SOUTH STREET TWO FINANCIAL CENTER BOSTON MA 02111 990 2024-07-01 050258932 PROVIDENCE COLLEGE PROV 4018651000 ONE CUNNINGHAM SQUARE PROVIDENCE RI 02918 JOHN M SWEENEY SR VP FINANCE/CFO 4018652281 2026-05-05 1 0 RAGINI BANURU P01906959 6179881000 2026-05-01 2024 2025-03-06 01:10:19Z REV KENNETH R SICARD O ONE CUNNINGHAM SQUARE PROVIDENCE RI 02918 442757818 0 X WWW.PROVIDENCE.EDU X 1917 RI SEE SCHEDULE OPROVIDENCE COLLEGE IS A CATHOLIC, DOMINICAN, LIBERAL ARTS INSTITUTION OF HIGHER EDUCATION AND A COMMUNITY COMMITTED TO ACADEMIC EXCELLENCE. 41 37 3006 45 540621 0 35486683 35791921 337533809 370543804 6503142 12687704 4402617 4715329 383926251 423738758 102389369 109942688 0 0 142489236 152189544 0 0 7514156 132983585 147242499 377862190 409374731 6064061 14364027 1084277652 1128884296 362793346 360846751 721484306 768037545 X SEE SCHEDULE O. 0 0 338334838 109942688 372509443 SEE SCHEDULE O 338334838 1 1 0 1 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 1 1 0 0 1 0 0 0 1 1 1 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 1 1 0 0 0 1 5593 0 1 3006 1 1 1 0 0 0 0 1 1 0 0 0 0 1 0 X 41 37 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 CO KY MA MI NH SC DC X JOHN SWEENEY SVP FINANCECFO 4018652281 ONE CUNNINGHAM SQUARE PROVIDENCE RI 02918 ANN MANCHESTER-MOLAK EVP & TRUSTEE (THRU 1/25) 40.00 0.00 X X 491272 0 60307 REV KENNETH R SICARD OP PRESIDENT & TRUSTEE 40.00 0.00 X X 0 0 63959 REV THOMAS MORE GARRETT OP EVP & COO (BEG 1/25) 40.00 0.00 X X 0 0 36762 REV FRANCIS BELANGER TRUSTEE 2.00 0.00 X 0 0 0 DUANE M BOULIGNY BOARD SECRETARY 3.00 0.00 X X 0 0 0 JOSEPH M CALABRIA JR TRUSTEE 2.00 0.00 X 0 0 0 KENNETH D CANESTRARI TRUSTEE 2.00 0.00 X 0 0 0 JOHN A CERVIONE TRUSTEE 2.00 0.00 X 0 0 0 JAMES M CHIRICO JR TRUSTEE 2.00 0.00 X 0 0 0 GREGORY S CHRISTENSON TRUSTEE 2.00 0.00 X 0 0 0 ROBERT J CLARK TRUSTEE 2.00 0.00 X 0 0 0 RUDOLPH CLINE-THOMAS TRUSTEE 2.00 0.00 X 0 0 0 WILLIAM F CONCANNON TRUSTEE 2.00 0.00 X 0 0 0 MAUREEN DAVENPORT CORCORAN TRUSTEE 2.00 0.00 X 0 0 0 THOMAS P CORCORAN III TRUSTEE (BEG 7/24) 2.00 0.00 X 0 0 0 JOHN P DAWLEY JR TRUSTEE 2.00 0.00 X 0 0 0 COLLEEN M DUFFY TRUSTEE 2.00 0.00 X 0 0 0 SUSAN M ESPER BOARD V CHAIR/AUDIT COMM CHAIR 3.00 0.00 X X 0 0 0 HENRY C FOLEY TRUSTEE 2.00 0.00 X 0 0 0 STEPHEN GALLUCCI TRUSTEE (BEG 7/24) 2.00 0.00 X 0 0 0 MOST REV RICHARD HENNING DDSTD TRUSTEE 2.00 0.00 X 0 0 0 JOHN J HOULIHAN TRUSTEE 2.00 0.00 X 0 0 0 DENNIS J LANGWELL TRUSTEE 2.00 0.00 X 0 0 0 TERESA A LAVOIE TRUSTEE 2.00 0.00 X 0 0 0 MEGHAN C LYON TRUSTEE 2.00 0.00 X 0 0 0 MARTA V MARTINEZ TRUSTEE 2.00 0.00 X 0 0 0 REV MICHAEL A MASCARI TRUSTEE 2.00 0.00 X 0 0 0 JOHN R MCCARTHY TRUSTEE 2.00 0.00 X 0 0 0 VERY REV ALLEN MORAN TRUSTEE 2.00 0.00 X 0 0 0 ANDRE E OWENS ESQ TRUSTEE 2.00 0.00 X 0 0 0 VERY REV THOMAS PETRI OP STD TRUSTEE 2.00 0.00 X 0 0 0 KEVIN P QUIRK TRUSTEE 2.00 0.00 X 0 0 0 CHRISTOPHER K REILLY BOARD CHAIR 4.00 0.00 X X 0 0 0 VERY REV JORDAN SCHMIDT OP PHD TRUSTEE (BEG 7/24) 2.00 0.00 X 0 0 0 JILL M SHAH TRUSTEE (BEG 7/24) 2.00 0.00 X 0 0 0 MEGAN C SMITH TRUSTEE 2.00 0.00 X 0 0 0 SHANNON SULLIVAN TRUSTEE (BEG 7/24) 2.00 0.00 X 0 0 0 MICHAEL J TUCKER TRUSTEE 2.00 0.00 X 0 0 0 CHRISTOPHER F VIRGULAK TRUSTEE 2.00 0.00 X 0 0 0 MARK T VOLL TRUSTEE 2.00 0.00 X 0 0 0 CHRISTOPHER J WALKER TRUSTEE 2.00 0.00 X 0 0 0 MONICA DENISE WOMACK TRUSTEE 2.00 0.00 X 0 0 0 STEVEN NAPOLILLO VP & DIR OF ATHLETICS 40.00 0.00 X 660165 0 63879 GREGORY WALDRON SR VP INSTIT. ADVANCEMENT 40.00 0.00 X 553479 0 70514 STEVEN SEARS SR. VP STUDENT AFFAIRS 40.00 0.00 X 461258 0 126607 JOHN SWEENEY SR VP FINANCE/CFO 40.00 0.00 X 513174 0 62814 KYLE MCINNIS SR. ADVISOR TO PRES (THRU 12/24) 40.00 0.00 X 466643 0 67269 SEAN REID SR VP AC. AFF./PROV (THRU 8/24) 40.00 0.00 X 442019 0 69676 CHRISTOPHER NERONHA VP & GEN COUNSEL 40.00 0.00 X 437217 0 47903 QUINCY BEVELY VP INSTIT. DEI 40.00 0.00 X 271514 0 59202 CHRISTINE ROBERTI VP ADMIN & BOARD REL (BEG 1/25) 40.00 0.00 X 184313 0 39806 REV KEVIN D ROBB OP TREASURER 40.00 0.00 X 0 0 22560 KIM ENGLISH MENS BBALL COACH 40.00 0.00 X 2970411 0 45601 NATHAN LEAMAN MENS HOCKEY COACH 40.00 0.00 X 719635 0 67781 ERIN BATTH WOMEN'S BASKETBALL COACH 40.00 0.00 X 512824 0 46301 SYLVIA MAXFIELD DEAN SCHOOL OF BUSINESS 40.00 0.00 X 429577 0 61234 NATE TOMLINSON ASST MEN'S BBALL COACH (THRU 6/25) 40.00 0.00 X 386106 0 56760 9499607 0 1068935 343 0 1 0 DIMEO CONSTRUCTION COMPANY 75 CHAPMAN STREET PROVIDENCE RI 02905 CONSTRUCTION 64062363 SODEXO INC PO BOX 360170 PITTSBURGH PA 152516170 FOOD SERVICES 15828301 UG2 LLC 2 COPLEY PLACE TOWER 2 SUITE 110 BOSTON MA 02116 JANITORIAL SERVICES 6394732 PIDC CONSRUCTION LLC 35 PARKWOOD DRIVE SUITE 160 HOPKINTON MA 01748 CONSTRUCTION 3143721 ROSSI ELECTRIC COMPANY LLC 65 WESTERN INDUSTRIAL DRIVE PROVIDENCE RI 02908 ELECTRICAL SERVICES 3030909 85 1096475 6263854 28431592 5815418 35791921 TUITION AND FEES 611600 294130852 294130852 ROOM REVENUE 721000 40261638 40261638 BOARD REVENUE 721000 22234957 22234957 ATHLETICS REVENUE 900099 13844130 13844130 AUXILARY REVENUE 721000 72227 72227 370543804 2290156 -46451 2336607 624414 624414 300805 188334 112471 112471 112471 28366237 17968689 10397548 10397548 258637 10138911 514050 1096475 862037 -347987 -347987 COMMISSIONS 611310 1196202 1196202 SODEXO 611310 655555 655555 PACT PROGRAM 611310 493309 493309 1981365 816773 328435 836157 4326431 423738758 372509441 540621 14896775 32829 32829 109895352 109895352 14507 14507 4612538 1676842 2237050 698646 148303 148303 111637719 82443916 25215064 3978739 7645307 5602636 1713539 329132 20064177 14723748 4503185 837244 8081500 5933218 1814646 333636 161837 161837 396500 396500 18000 13784 4216 2935829 2935829 7512877 5678974 1736886 97017 725063 555244 169819 2085521 1557480 476348 51693 6737476 5159476 1578000 7435571 5603702 1713865 118004 3296232 2314928 708009 273295 11871714 9091212 2780502 32261604 24658749 7541756 61099 2000083 1531639 468444 FOOD SERVICE 18867584 18528978 102287 236319 BUILDING AND GROUNDS 12954271 9920221 3034050 TUITION - OTHER SCHOOLS 9185716 9185716 ATHLETICS GAMES/SUPPLIE 7272890 7272890 21523731 16790494 4233905 499332 409374731 338334838 63525737 7514156 28281634 18971033 24371391 21522949 5656690 5771564 300000 250000 2119285 3463435 1141500842 457941009 661993446 683559833 82062255 67567553 273684676 321699407 5808275 6078522 1084277652 1128884296 37580129 17775345 14576436 15453789 300331687 290436002 8000000 35000000 2305094 2181615 362793346 360846751 X 425414460 449454740 296069846 318582805 721484306 768037545 1084277652 1128884296 X 14364027 32922212 -733000 X 0 1 X 1 1 1 X 30238417 37057188 46534529 35486683 35791921 185108738 30238417 37057188 46534529 35486683 35791921 185108738 4215474 180893264 1850302 1759522 2839583 5354604 3261826 15065837 155640 41894 27261 66212 291007 2808090 4336978 9001510 4043924 4512048 24702550 225168132 1590845021 0.80340 0.79550 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: PART VIII LINE 11A - 2020 AMOUNT: $ 809,164. 2021 AMOUNT: $ 1,030,592. 2022 AMOUNT: $ 4,000,000. 2023 AMOUNT: $ 1,023,911. 2024 AMOUNT: $ 1,196,202. PART VIII LINE 11B - 2020 AMOUNT: $ 429,504. 2021 AMOUNT: $ 500,147. 2022 AMOUNT: $ 1,000,000. 2023 AMOUNT: $ 655,555. 2024 AMOUNT: $ 655,555. PART VIII LINE 11C - 2020 AMOUNT: $ 333,334. 2021 AMOUNT: $ 655,555. 2022 AMOUNT: $ 822,191. 2023 AMOUNT: $ 390,586. 2024 AMOUNT: $ 493,309. PART VIII LINE 11D - 2020 AMOUNT: $ 902,668. 2021 AMOUNT: $ 1,848,212. 2022 AMOUNT: $ 2,845,244. 2023 AMOUNT: $ 1,640,672. 2024 AMOUNT: $ 1,652,932. PART VIII LINE 8A - 2020 AMOUNT: $ 333,420. 2021 AMOUNT: $ 302,472. 2022 AMOUNT: $ 334,075. 2023 AMOUNT: $ 333,200. 2024 AMOUNT: $ 514,050. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 18000 18000 0 PART II-B, LINE 1: PROVIDENCE COLLEGE ENGAGED A PUBLIC RELATIONS FIRM TO SUPPORT INITIATIVES OF THE COLLEGE WHICH INCLUDED LOBBYING ACTIVITIES. 352820557 9177732 41417498 7207968 9327374 386880445 321647307 8697861 33883649 6568323 4839937 352820557 316898374 8052763 11065614 6018388 8351056 321647307 320617453 37506942 -28313175 5335698 7577148 316898374 231720254 7254132 93810553 5187862 6979624 320617453 0.28000 0.37000 0.35000 0 0 5575655 5575655 1007736476 367441746 640294730 110063007 83346157 26716850 18125704 7153106 10972598 683559833 LIMITED PARTNERSHIPS 124602996 F HEDGE FUNDS 196121411 F REAL ESTATE 975000 F 321699407 ACCRUED INTEREST PAYABLE 2056594 REFUNDABLE ADVANCE-GOVT GRANT 125021 2181615 X 455618064 32922212 1551301 -708750 33764763 421853301 2935828 -1050371 1885457 423738758 409064825 1551301 1074621 2625922 406438903 2935828 2935828 409374731 PART V, LINE 4: THE INTENDED USE OF THE COLLEGE'S ENDOWMENT IS TO FUND STUDENT SCHOLARSHIPS AND PROJECTS. PART X, LINE 2: THE COLLEGE IS A TAX-EXEMPT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE) AND IS GENERALLY EXEMPT FROM INCOME TAXES PURSUANT TO SECTION 501(A) OF THE CODE, AS AMENDED. ACCORDINGLY, IT IS GENERALLY NOT SUBJECT TO INCOME TAXES EXCEPT TO THE EXTENT IT HAS TAXABLE INCOME FROM ACTIVITIES THAT ARE NOT RELATED TO ITS EXEMPT PURPOSE. THE COLLEGE BELIEVES IT HAS TAKEN NO SIGNIFICANT UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: INCREASE IN PROVISION FOR DOUBTFUL PLEDGES -708,750. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES -862,037. RENTAL EXPENSES -188,334. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 862,037. RENTAL EXPENSES 188,334. CHANGE IN POST RETIREMENT BENEFIT OBLIGATION 24,250. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 NONDISCRIMINATORY POLICY THE COLLEGE ANNUALLY PUBLISHES A NOTICE OF ITS RACIALLY NONDISCRIMINATORY POLICY IN A NEWSPAPER OF GENERAL CIRCULATION THAT SERVES ALL RACIAL SEGMENTS OF THE COMMUNITY. ALSO, THE COLLEGE'S NONDISCRIMINATION POLICY IS AVAILABLE ON THE COLLEGE'S WEBSITE. GOVERNMENT AID OR ASSISTANCE - LINE 6A GOVERNMENT AID OR ASSISTANCE THE COLLEGE PARTICIPATES IN VARIOUS GOVERNMENTAL ASSISTANCE PROGRAMS INCLUDING THE FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS AND FEDERAL WORK STUDY PROGRAM. 1 CENTRAL AMERICA/CARRIBEAN 0 0 INVESTMENTS 145881587 EUROPE 0 0 INVESTMENTS 3935208 CENTRAL AMERICA/CARRIBEAN 0 0 PROGRAM SERVICES EDUCATIONAL ACTIVITES 164245 EAST ASIA & THE PACIFIC 0 0 PROGRAM SERVICES EDUCATIONAL ACTIVITES 270918 EUROPE 0 0 PROGRAM SERVICES EDUCATIONAL ACTIVITES 9092612 MIDDLE EAST & NORTH AFRICA 0 0 PROGRAM SERVICES EDUCATIONAL ACTIVITES 2107 NORTH AMERICA 0 0 PROGRAM SERVICES EDUCATIONAL ACTIVITES 42179 SOUTH AMERICA 0 0 PROGRAM SERVICES EDUCATIONAL ACTIVITES 4910 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES EDUCATIONAL ACTIVITES 2496 SUB-SAHARAN AFRICA 0 0 GRANTS 14507 0 0 0 0 0 0 159393766 17003 159410769 SUB SAHARAN AFRICA 14507 WIRE TRANSFER 0 0 1 1 0 1 1 1 0 PART I, LINE 2: THE COLLEGE MONITORS THE USE OF GRANT FUNDS AWARDED TO THE FOREIGN ORGANIZATION BY REQUIRING INTERIM PROGRESS REPORTS AND A FINAL REPORT. THE RECIPIENT IS REQUIRED TO MAINTAIN ACCOUNTS, RECORDS, DOCUMENTS, AND OTHER EVIDENCE RELATING TO INCURRED RELATED TO THE GRANT. PART I, LINE 3: EXPENDITURES EXPENDITURES IN COLUMN (F) ARE BASED ON THE ACCRUAL METHOD OF ACCOUNTING. MBB FALL VISION CUP 339000 250300 88700 2000 59817 24059 58361 AD CHAMPIONSHIP SERIES 238750 86250 152500 2000 173000 6753 39804 6 1032775 759925 272850 8200 176318 71717 240008 1610525 1096475 514050 12200 409135 102529 338173 862037 -347987 1 FEDERAL SUPPLEMENTAL EDUCATION OPPORTUNITY GRANT 248 989932 ATHLETIC SCHOLARSHIPS 314 13838237 STUDENT SCHOLARSHIPS & FINANCIAL AID 3013 95067183 PART I, LINE 2: PROCEDURES TO MONITOR THE USE OF GRANT FUNDS TO ORGANIZATIONS: THE COLLEGE MONITORS THE USE OF GRANT FUNDS IN VARIOUS WAYS INCLUDING OBTAINING REPORTS FROM THE ORGANIZATIONS OUTLINING THE ACTIVITIES SUPPORTED BY GRANTS, MEETING REGULARLY WITH THE ORGANIZATIONS, AND VISITING ORGANIZATIONS TO OBSERVE ACTIVITIES ON A FIRST HAND BASIS. PROCEDURES TO MONITOR THE USE OF GRANT FUNDS TO INDIVIDUALS: THE OFFICE OF FINANCIAL AID MONITORS FEDERAL GRANT FUNDS USING BANNER REPORTING TOOLS TO TRACK THE LEVEL OF AMOUNTS PAID FOR ALL TITLE IV GRANTS AND INSTITUTIONAL GRANTS. AMOUNTS ARE RECONCILED TO THE STUDENT ACCOUNT SYSTEM TO ENSURE FUNDS ARE PROPERLY DISBURSED. X X X 1 1 X X X 0 0 0 0 0 0 0 1 0 KIM ENGLISH MENS BBALL COACH 2545007 0 340000 0 85404 0 24150 0 21451 0 3016012 0 0 0 NATHAN LEAMAN MENS HOCKEY COACH 633333 0 62500 0 23802 0 34500 0 33281 0 787416 0 0 0 STEVEN NAPOLILLO VP & DIR OF ATHLETICS 476488 0 100582 0 83095 0 34500 0 29379 0 724044 0 0 0 GREGORY WALDRON SR VP INSTIT. ADVANCEMENT 428518 0 35889 0 89072 0 34500 0 36014 0 623993 0 0 0 STEVEN SEARS SR. VP STUDENT AFFAIRS 374343 0 35889 0 51026 0 34500 0 92107 0 587865 0 0 0 JOHN SWEENEY SR VP FINANCE/CFO 459817 0 35889 0 17468 0 34500 0 28314 0 575988 0 0 0 ERIN BATTH WOMEN'S BASKETBALL COACH 408836 0 80000 0 23988 0 24150 0 22151 0 559125 0 0 0 ANN MANCHESTER-MOLAK EVP & TRUSTEE (THRU 1/25) 440959 0 35889 0 14424 0 34500 0 25807 0 551579 0 0 0 KYLE MCINNIS SR. ADVISOR TO PRES (THRU 12/24) 385890 0 35889 0 44864 0 34500 0 32769 0 533912 0 0 0 SEAN REID SR VP AC. AFF./PROV (THRU 8/24) 393305 0 35889 0 12825 0 34500 0 35176 0 511695 0 0 0 SYLVIA MAXFIELD DEAN SCHOOL OF BUSINESS 422327 0 0 0 7250 0 34500 0 26734 0 490811 0 0 0 CHRISTOPHER NERONHA VP & GEN COUNSEL 381641 0 35889 0 19687 0 34500 0 13403 0 485120 0 0 0 NATE TOMLINSON ASST MEN'S BBALL COACH (THRU 6/25) 364989 0 0 0 21117 0 23814 0 32946 0 442866 0 0 0 QUINCY BEVELY VP INSTIT. DEI 259429 0 1495 0 10590 0 26325 0 32877 0 330716 0 0 0 CHRISTINE ROBERTI VP ADMIN & BOARD REL (BEG 1/25) 166263 0 15538 0 2512 0 16944 0 22862 0 224119 0 0 0 PART I, LINE 1A SOME COACHES AND OFFICERS TRAVEL ON CHARTER FLIGHTS AS PART OF THEIR RESPONSIBILITIES. THIS TRAVEL IS CONSIDERED DIRECTLY RELATED TO THE COLLEGE'S BUSINESS PURPOSE AND THUS NOT TREATED AS TAXABLE COMPENSATION. OFFICERS OF THE COLLEGE, WHO ARE MEMBERS OF THE DOMINICAN FRIARS, A CATHOLIC RELIGIOUS ORDER, WERE PROVIDED WITH ON-CAMPUS HOUSING. THE HOUSING WAS NOT TREATED AS TAXABLE COMPENSATION. THE COLLEGE'S PRESIDENT, SOME OFFICERS, AND SOME COACHES WERE PROVIDED WITH SOCIAL CLUB MEMBERSHIPS PAID BY THE COLLEGE. THE MEMBERSHIP DUES PAID FOR THE PRESIDENT WERE EXLCUDED FROM HIS INCOME AS AN ORDINARY AND NECESSARY BUSINESS EXPENSE UNDER CODE 162. THE MEMBERSHIP DUES PAID FOR OFFICERS AND COACHES WERE TREATED AS TAXABLE COMPENSATION. PART I, LINE 7 SOME OFFICERS WERE PROVIDED WITH DISCRETIONARY BONUSES WHICH WERE APPROVED BY THE PRESIDENT. A RI HEALTH & EDUCATIONAL BLDG CORP - SERIES 2023 521300173 762197M32 2023-04-26 125895414 CONSTRUCTION 0 0 0 B RI HEALTH & EDUCATIONAL BLDG CORP - SERIES 2021B 521300173 762197H20 2021-08-03 31450320 REFUNDING OF 2012 A BONDS 0 0 0 C RI HEALTH & EDUCATIONAL BLDG CORP - SERIES 2021A 521300173 762197E64 2021-06-09 24867188 CONSTRUCTION 0 0 0 D RI HEALTH & EDUCATIONAL BLDG CORP - SERIES 2017 521300173 762197UW9 2017-03-29 50394917 CONSTRUCTION 0 0 0 A 127622092 837747 126784345 2025 0 0 1 1 B 2445000 31450359 222503 31227856 2022 1 0 1 1 C 24868181 252598 24614590 993 2022 0 0 1 1 D 50729305 376819 50352209 277 2019 0 0 1 1 A 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 C 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 D 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 C 0 0 0 1 0 0 0 0 1 D 0 0 0 1 0 0 0 0 1 A 1 B 1 C 1 D 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: RI HEALTH & EDUCATIONAL BLDG CORP - SERIES 2023 DATE THE REBATE COMPUTATION WAS PERFORMED: 03/31/2025 ISSUER NAME: RI HEALTH & EDUCATIONAL BLDG CORP - SERIES 2021B DATE THE REBATE COMPUTATION WAS PERFORMED: 05/31/2025 ISSUER NAME: RI HEALTH & EDUCATIONAL BLDG CORP - SERIES 2021A DATE THE REBATE COMPUTATION WAS PERFORMED: 05/31/2025 ISSUER NAME: RI HEALTH & EDUCATIONAL BLDG CORP - SERIES 2017 DATE THE REBATE COMPUTATION WAS PERFORMED: 03/31/2025 ISSUER NAME: RI HEALTH & EDUCATIONAL BLDG CORP - SERIES 2015 DATE THE REBATE COMPUTATION WAS PERFORMED: 06/30/2024 PART II, LINE 3, BOND ISSUE A THE DIFFERENCE BETWEEN TOTAL PROCEEDS IN PART II, LINE 3 AND THE ISSUE PRICE OF THE BOND ISSUE IS INVESTMENT EARNINGS OF $1,726,678 PART II, LINE 3, BOND ISSUE B THE DIFFERENCE BETWEEN TOTAL PROCEEDS IN PART II, LINE 3 AND THE ISSUE PRICE OF THE BOND ISSUE IS INVESTMENT EARNINGS OF $39 PART II, LINE 3, BOND ISSUE C THE DIFFERENCE BETWEEN TOTAL PROCEEDS IN PART II, LINE 3 AND THE ISSUE PRICE OF THE BOND ISSUE IS INVESTMENT EARNINGS OF $993 PART II, LINE 3, BOND ISSUE D THE DIFFERENCE BETWEEN TOTAL PROCEEDS IN PART II, LINE 3 AND THE ISSUE PRICE OF THE BOND ISSUE IS INVESTMENT EARNINGS OF $334,388 PART II, LINE 3, BOND ISSUE E THE DIFFERENCE BETWEEN TOTAL PROCEEDS IN PART II, LINE 3 AND THE ISSUE PRICE OF THE BOND ISSUE IS INVESTMENT EARNINGS OF $50,214 A RI HEALTH & EDUCATIONAL BLDG CORP - SERIES 2015 521300173 762197RZ6 2015-07-16 51061015 REFUND 2008 BONDS & CONSTRUCTION 0 0 0 A 19845000 51111229 375619 35253587 15482023 2017 1 0 1 1 A 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 1 A 1 STEVEN NAPOLILLO OFFICER PERSONAL X 300000 250000 0 1 1 250000 EDWARD NELSON FAMILY MEMBER OF TRUSTEE 121027 EMPLOYMENT COMPENSATION 0 ANTHONY CANESTRARI FAMILY MEMBER OF TRUSTEE 27276 EMPLOYMENT COMPENSATION 0 X 99 5693108 SELLING PRICE X MISCELLANEOUS 50 122310 FMV 0 0 1 0 PART I, COLUMN (B): CONTRIBUTIONS THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS RECEIVED. PART III, LINE 1 ORGANIZATION'S MISSION PROVIDENCE COLLEGE IS A CATHOLIC, DOMINICAN, LIBERAL ARTS INSTITUTION OF HIGHER EDUCATION AND A COMMUNITY COMMITTED TO ACADEMIC EXCELLENCE IN PURSUIT OF THE TRUTH, GROWTH IN VIRTUE, AND SERVICE OF GOD AND NEIGHBOR. HISTORY PROVIDENCE COLLEGE WAS FOUNDED IN 1917 BY THE DOMINICAN FRIARS AT THE INVITATION OF BISHOP HARKINS TO PROVIDE A CATHOLIC EDUCATION IN THE ARTS AND SCIENCES. FAITH AND REASON PROVIDENCE COLLEGE IS CONFIDENT IN THE APPEAL OF REASON, BELIEVES THAT HUMAN BEINGS ARE DISPOSED TO KNOW THE TRUTH, AND TRUSTS IN THE POWER OF GRACE TO ENLIGHTEN MINDS, OPEN HEARTS, AND TRANSFORM LIVES. PROVIDENCE COLLEGE MAINTAINS THAT THE PURSUIT OF TRUTH HAS INTRINSIC VALUE, THAT FAITH AND REASON ARE COMPATIBLE AND COMPLEMENTARY MEANS TO ITS DISCOVERY, AND THAT THE SEARCH FOR TRUTH IS THE BASIS FOR DIALOGUE WITH OTHERS AND CRITICAL ENGAGEMENT WITH THE WORLD. ACADEMIC EXCELLENCE PROVIDENCE COLLEGE IS COMMITTED TO ACADEMIC EXCELLENCE, AND HOLDS ITSELF TO THE HIGHEST STANDARDS IN TEACHING, LEARNING, AND SCHOLARSHIP. ITS CORE CURRICULUM ADDRESSES KEY QUESTIONS OF HUMAN EXISTENCE, INCLUDING LIFE'S MEANING AND PURPOSE, AND STRESSES THE IMPORTANCE OF MORAL AND ETHICAL REASONING, AESTHETIC APPRECIATION, AND UNDERSTANDING THE NATURAL WORLD, OTHER CULTURES, AND DIVERSE TRADITIONS. PROVIDENCE COLLEGE HONORS ACADEMIC FREEDOM, PROMOTES CRITICAL THINKING AND ENGAGED LEARNING, AND ENCOURAGES A PEDAGOGY OF DISPUTED QUESTIONS. COMMUNITY AND DIVERSITY PROVIDENCE COLLEGE SEEKS TO REFLECT THE RICH DIVERSITY OF THE HUMAN FAMILY. FOLLOWING THE EXAMPLE OF ST. DOMINIC, WHO EXTENDED A LOVING EMBRACE TO ALL, IT WELCOMES QUALIFIED MEN AND WOMEN OF EVERY BACKGROUND AND AFFIRMS THE GOD-GIVEN DIGNITY, FREEDOM, AND EQUALITY OF EACH PERSON. PROVIDENCE COLLEGE PROMOTES THE COMMON GOOD, THE HUMAN FLOURISHING OF EACH MEMBER OF THE CAMPUS COMMUNITY, AND SERVICE OF NEIGHBOURS NEAR AND FAR. VERITAS AND PROVIDENCE PROVIDENCE COLLEGE BRINGS THE EIGHT-HUNDRED-YEAR-OLD DOMINICAN IDEAL OF VERITAS TO THE ISSUES AND CHALLENGES OF TODAY. IT SEEKS TO SHARE THE FRUITS OF CONTEMPLATION IN AN INCREASINGLY GLOBAL AND DIVERSE SOCIETY, AND TO PRAISE AND BLESS ALL THAT IS GOOD AND VITAL IN HUMAN ENDEAVORS. PROVIDENCE COLLEGE SUPPORTS THE DOMINICAN MISSION OF PREACHING THE GOSPEL OF JESUS CHRIST TO A NEW GENERATION OF STUDENTS AND HELPING THEM DISCOVER GOD'S PROVIDENCE IN THEIR LIVES. PART III, LINE 4A, PROGRAM SERVICE ACCOMPLISHMENTS: PROVIDENCE COLLEGE OFFERS UNDERGRADUATE DEGREES, GRADUATE DEGREES, AND CERTIFICATE PROGRAMS. COMMITTED TO ACADEMIC EXCELLENCE, THE COLLEGE'S CORE CURRICULUM ADDRESSES KEY QUESTIONS OF HUMAN EXISTANCE, INCLUDING LIFE'S MEANING AND PURPOSE, AND STRESSES THE IMPORTANCE OF MORAL AND ETHICAL REASONING, AESTHETIC APPRECIATION, AND UNDERSTANDING THE NATURAL WORLD, OTHER CULTURES, AND DIVERSE TRADITIONS. PROVIDENCE COLLEGE HONORS ACADEMIC FREEDOM, PROMOTES CRITICAL THINKING AND ENGAGED LEARNING, AND ENCOURAGES A PEDAGOGY OF DISPUTED QUESTIONS. THE COLLEGE OFFERS APPROXIMATELY 55 MAJOR FIELDS OF STUDY. THE STUDENT/FACULTY RATIO IS 11:1 AND THE AVERAGE CLASS SIZE IS 20. THE COLLEGE IS ACCREDITED BY THE NEW ENGLAND ASSOCIATION OF SCHOOLS AND COLLEGES AND THE AACSB INTERNATIONAL, AMONG OTHER ACCREDITING BODIES. APPROXIMATELY 4,950 STUDENTS WERE ENROLLED IN THE UNDERGRADUATE, GRADUATE AND CONTINUING EDUCATION PROGRAMS. FORM 990, PART VI, SECTION A, LINE 6 12-MEMBER CORPORATION PROVIDENCE COLLEGE'S GOVERNING BODY IS A TWO-TIER STRUCTURE: A CORPORATION AND A BOARD OF TRUSTEES. THE 12-MEMBER CORPORATION IS THE BODY THAT HAS THE ULTIMATE AUTHORITY TO EXERCISE CONTROL OVER OWNERSHIP OF PROPERTY, TO PROMULGATE AND AMEND THE BY-LAWS, TO ACCEPT OR REJECT THE RECOMMENDATION FOR ELECTION TO THE PRESIDENCY OF THE COLLEGE BY THE BOARD OF TRUSTEES, AND TO ELECT MEMBERS OF THE CORPORATION AND OF THE BOARD OF TRUSTEES. THE CORPORATION IS COMPRISED OF FIVE EX OFFICIO MEMBERS AND SEVEN OTHER INDIVIDUALS ELECTED BY THE CORPORATION, FOUR DOMINICAN FRIARS AND THREE LAY PERSONS. THE EX OFFICIO MEMBERS ARE: (I) THE PROVINCIAL OF THE PROVINCE OF ST. JOSEPH, THE ELECTED LEADER OF THE DOMINICAN ORDER FOR THE EASTERN REGION OF THE UNITED STATES; (II) THE ROMAN CATHOLIC BISHOP OF THE DIOCESE OF PROVIDENCE; (III) THE PRESIDENT OF THE COLLEGE; (IV) THE CHAIRPERSON OF THE BOARD OF TRUSTEES; AND (V) THE VICE-CHAIRPERSON OF THE BOARD OF TRUSTEES. THE TERMS OF OFFICE OF THE BISHOP, THE PRESIDENT, THE PROVINCIAL, THE CHAIRPERSON OF THE BOARD OF TRUSTEES AND THE VICE-CHAIRPERSON OF THE BOARD OF TRUSTEES ARE CO-TERMINUS WITH THE RESPECTIVE INCUMBENCY OF EACH. THE TERM OF ALL OTHER MEMBERS IS THREE YEARS. FORM 990, PART VI, SECTION A, LINE 7A SEE DESCRIPTION PROVIDED FOR FORM 990, PART VI, LINE 6 FORM 990, PART VI, SECTION A, LINE 7B SEE DESCRIPTION PROVIDED FOR FORM 990, PART VI, LINE 6 FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS THE FORM 990 IS COMPLETED ANNUALLY. MEMBERS OF THE AUDIT COMMITTEE REVIEW THE FORM 990. AT THE DISCRETION OF THE AUDIT COMMITTEE CHAIR, THE THIRD-PARTY PREPARER OF THE FORM 990 MAY BE ASKED TO ATTEND THE REVIEW MEETING. THE SR. VICE PRESIDENT OF FINANCE & BUSINESS/CFO ALSO REVIEWS THE FORM 990 WITH THE COLLEGE'S PRESIDENT AND EXECUTIVE VICE PRESIDENT/CHIEF OPERATING OFFICER. ANY NECESSARY CHANGES, IDENTIFIED THROUGH THE REVIEW PROCESS, ARE MADE AND THE UPDATED VERSION OF THE FORM 990 IS CONSIDERED APPROVED FOR FILING. IT IS SIGNED AND DATED BY THE SR. VICE PRESIDENT FOR FINANCE & BUSINESS/CFO AND ELECTRONICALLY FILED BY THE THIRD-PARTY PREPARER. A COPY OF THE APPROVED FORM 990 IS PROVIDED TO ALL TRUSTEES, VIA POSTING ON THE TRUSTEES' ONLY BOARD PORTAL, BEFORE THE RETURN IS FILED. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY ALL OFFICERS, TRUSTEES, AND KEY EMPLOYEES ARE REQUIRED TO DISCLOSE ANNUAL INTERESTS THAT COULD GIVE RISE TO CONFLICTS. ALL CONFLICT OF INTEREST DISCLOSURE FORMS ARE REVIEWED BY THE COLLEGE'S GENERAL COUNSEL, THE CHAIRPERSON OF THE AUDIT COMMITTEE, AND A DESIGNEE OF THE CORPORATION. ISSUES ARISING UNDER THE APPLICATION OF THIS POLICY SHALL BE RESOLVED BY THE BOARD OF TRUSTEES OR THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION POLICY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES ANNUALLY REVIEWS THE POLICIES, PROGRAMS, AND TOTAL COMPENSATION FOR EXECUTIVES TO ENSURE COMPLIANCE WITH FEDERAL REGULATIONS CONCERNING EXECUTIVE COMPENSATION IN NON-PROFIT ORGANIZATIONS. COMPETITIVE SURVEY DATA IS COLLECTED, ANALYZED, AND SUMMARIZED BY THE SENIOR 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. THIS PROCESS IS USED TO ESTABLISH COMPENSATION FOR THE FOLLOWING: PRESIDENT, EVP, SR VP FOR STUDENT AFFAIRS, SR VP OF ACADEMIC AFFAIRS/PROVOST, VP AND GENERAL COUNSEL, SR VP FOR FINANCE & BUSINESS/CFO, SR VP FOR INSTITUTIONAL ADVANCEMENT, VP & DIRECTOR OF ATHLETICS, VP FOR MISSION AND MINISTRY, VP FOR DIVERSITY, EQUITY, & INCLUSION, SENIOR ADVISOR TO THE PRESIDENT, AND TREASURER. THIS PROCESS IS DONE ANNUALLY. PROVIDENCE COLLEGE'S PRESIDENT, EXECUTIVE VICE PRESIDENT & CHIEF OPERATING OFFICER, AND TREASURER ARE MEMBERS OF THE DOMINICAN FRIARS, A CATHOLIC RELIGIOUS ORDER. THE COLLEGE PROVIDES ON CAMPUS HOUSING, AND PAYS FOR THEIR HEALTH INSURANCE PREMIUMS. THE COMPENSATION FOR OTHER OFFICERS AND KEY EMPLOYEES IS SET BY THE PRESIDENT OF THE COLLEGE. INDEPENDENT COMPENSATION COMPARABILITY SURVEYS ARE USED PERIODICALLY IN SETTING COMPENSATION. THE COLLEGE COMPLIES WITH THE THREE REQUIREMENTS OF THE REBUTTABLE PRESUMPTION STANDARD, AS OUTLINED IN TREASURY REGULATIONS SECTION 53.4958-6: (1) EXECUTIVE COMPENSATION IS AUTHORIZED BY AN INDEPENDENT COMMITTEE OF THE BOARD OF DIRECTORS, (2) THE COMMITTEE AUTHORIZING EXECUTIVE COMPENSATION OBTAINS AND RELIES ON APPROPRIATE DATA AS TO COMPARABILITY PRIOR TO MAKING DETERMINATIONS, AND (3) THE COMMITTEE ADEQUATELY DOCUMENTS THE BASIS FOR DETERMINATIONS CONCURRENTLY WITH MAKING THE DETERMINATIONS. FORM 990, PART VI, SECTION C, LINE 19 PUBLIC DISCLOSURE POLICY THE ORGANIZATION'S GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC ON THE WEBSITE. THE COLLEGE COMMUNITY (FACULTY, STAFF, AND STUDENTS) HAVE ACCESS TO THE CONFLICT OF INTEREST POLICY THROUGH THE COLLEGE'S WEBSITE. FINANCIAL STATEMENTS ARE AVAILABLE TO ANYONE UPON REQUEST. THE FORM 990 IS POSTED ON THE INTERNET AT WWW.CANDID.ORG. FORM 990, PART XI, LINE 9: UNCOLLECTIBLE PLEDGES -708,750. CHANGE IN POST RETIREMENT BENEFIT OBLIGATION -24,250. CHARITABLE REMAINDER TRUSTS (5) INVESTING RI N/A T 1 CHARITABLE PERPETUAL TRUSTS (3) INVESTING RI N/A T 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0